Bitcoin Daily: Amazon Looking For Staff With DeFi Experience; IRS Seeks Congressional OK To Regulate Cryptos

Amazon is on the hunt for those with expertise in decentralized finance (DeFi), CoinDesk reported.

“The candidate will have a track record delivering outstanding products at scale in emerging spaces, and is passionate about blockchain, distributed systems, and cloud scale software,” the ad stated. “Ideally you will have experience delivering products or innovations in the blockchain space, and in particular DeFi or Traditional Financial Services.”

In other news, IRS Commissioner Charles Rettig said the organization will need more Congressional authority to regulate cryptocurrency, Bloomberg reported.

Rettig said the IRS is “challenged frequently” and that it would need more of a clear directive to operate correctly when it comes to crypto, according to Bloomberg. He added the value of the cryptocurrency market now tops $2 trillion.

The President Joe Biden administration has rolled out proposals for cryptocurrency brokers, including exchanges, to report information on customers, including indirect foreign exchanges, Bloomberg reported. That would also entail businesses reporting when they’ve received crypto assets valued at over $10,000.

Meanwhile, Blockdaemon, an independent blockchain infrastructure platform, has closed a Series A funding round for $28 million, according to a press release.

The company plans to expand its headcount following the round, which it has already been working on this past year, the release stated. The company has also been expanding, deploying 10,000 nodes across 40 blockchain networks in 20 regions worldwide. The company powers 25 million registered users.

Blockdaemon CEO and Founder Konstantin Richter said in the release that the funding “will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions.”

Lastly, Coinseed, an automated cryptocurrency trading app, has shut down due to a lawsuit from New York Attorney General Letitia James, CoinDesk reported.

The lawsuit was originally filed in February and accused the crypto app of defrauding $1 million from its users through an unregulated initial coin offering (ICO) from 2018, according to CoinDesk. The suit said Coinseed had charged customers hidden fees and made “false claims.”