Crypto News 

‘Japanese Amazon’ Rakuten Tries Hand on Crypto

“A big Japanese e-commerce company, dubbed the Amazon of Japan, Rakuten, released a statement about their plans on making Bitcoin and other cryptocurrency as form of payment processor” reports livebitcoinnews.com. Actually, it’s not the first time that Rakuten has gotten interested in offering Cryptocurrency as an option for payment.Rakuten Pay, the app platform, is expected to release a new version in the next 4 weeks, attached with a Cryptocurrency payment choice, alongside cash.It also showed optimism for Cryptocurrency capitalists willing to know about the effect of Rakuten’s offering for Bitcoin…

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News 

Amazon to share its carbon footprint for 1st time as part of new ‘Shipment Zero’ sustainability initiative

“Amazon pushed back on the report, saying AWS is committed to running its data centers on 100 percent renewable energy, hitting 50 percent renewable energy last year” writes Nat Levy for geekwire.com. Because of improvements in areas like electric vehicles, aviation bio fuels, reusable packaging and renewable energy, the company says it “can now see a path to net zero carbon delivery of shipments to customers.” Amazon did not give a timeline for achieving net zero carbon on all deliveries. Source: geekwire.com

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News 

The popular ILife V3s robot vacuum is on sale for just $112, today only

“If you want a great little robot vacuum cleaner that forgoes the bells and whistles to keep the price down, the upgraded version of the ILIFE V3s Pro Robotic Vacuum is just about as good as it gets” writes Maren Estrada for bgr.com. That price drops even lower than normal today, however, because Amazon is running a big one-day sale that slashes this great model to just $111.99!. Here’s some additional info from the product page: Follow @BGRDeals on Twitter to keep up with the latest and greatest deals we…

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Markets News 

Get ready to see even more tech companies invest in Electric Vehicle startups

“So why would the biggest tech companies in the world, with near trillion-dollar valuations, be looking to enter the electric vehicle business?” writes Aakash Jhaveri for mashable.com. The opportunities in the electric vehicle market are enormous, with the market growing manifold, year after year.Over the weekend, we got the news of Amazon partnering with Rivian, an upcoming electric company.With companies so big, it’s almost certain that they are never going out of business. Source: mashable.com

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Amazon ‘couldn’t handle the heat,’ NYC’s de Blasio says

“Executives at Amazon.com Inc. caved in to public scrutiny in their surprise decision last week to abandon plan to build a headquarters in New York City, Mayor Bill de Blasio said Sunday” writes Patrick Temple-west for politico.com. In an interview on NBC’s “Meet the Press,“ de Blasio repeated the Amazon attack he’s been making in the days since the e-commerce giant said on Feb. 14 that it won’t build a new corporate headquarters in Queens. Source: politico.com

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Apple and Amazon could be the next to disrupt ETFs

“As investing becomes more automated, tech companies like Amazon, Apple and Alphabet could bring their expertise to an industry stymied by distribution challenges, he suggested at the Inside ETFs conference in Hollywood, Florida, earlier this month” writes Keris Lahiff for cnbc.com. Tom Lydon, editor-in-chief of ETFTrends.com, agrees on the likelihood that tech companies will enter the financial services industry in the coming years.Brand and reputation could also help tech companies convince consumers to trust them with financial products, says Edelman.Are tech titans about to enter the world of ETFs?.  Source:…

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Amazon paid no federal taxes on $11.2 billion in profits last year, according to group’s analysis

“That would place the company’s effective federal tax rate below the rate paid by the poorest 20 percent of American households, which had an effective federal tax rate of 1.5 percent in 2015, according to the Tax Policy Center” writes Christopher Ingraham for sun-sentinel.com. Like many other large companies, Amazon reduces its effective tax rate each year using a variety of credits, rebates and loopholes.That would represent nearly half of the total federal tax bill levied on the company’s profit of $11.2 billion, he said.It is the second year in…

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