Amazon’s denies accepting Bitcoin, sends it tumbling

A job posting for a digital currency lead had pushed Bitcoin past $40,000 on Monday, its highest since June 15.

Amazon.com Inc is denying a media report saying the e-commerce giant is looking to accept Bitcoin payments by the end of the year. The report from London’s City AM newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5 percent before it trimmed gains to last trade 6 percent higher at $37,684.04. “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” said a spokesperson from Amazon on Monday. “We remain focused on exploring what this could look like for customers shopping on Amazon.”