Jeff Bezos steps down: Crypto-curious Andy Jassy to become new Amazon CEO

Jeff Bezos steps down: Crypto-curious Andy Jassy to become new Amazon CEO

The soon-to-be top executive at Amazon has released blockchain products in the past. Amazon has announced today that founder and CEO Jeff Bezos is planning to step down as CEO, and Amazon Web Services CEO Andy Jassy — who oversaw Amazon’s crypto product offerings — will replace him. In his letter to employees, Bezos said that he would be transitioning to the role of executive chair of the Amazon board, where he would “focus my energies and attention on new products and early initiatives.” The transition is scheduled for later in the year. Bezos also noted that Jassy “will be an outstanding....


Related News

Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs

As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line. Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs, he is optimistic about the outlook of the industry. Jassy stated: "We're not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you'll see crypto become bigger. I expect that NFTs will continue to grow very significantly."Specifically, regarding....

Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencie...

Amazon is reportedly planning to accept bitcoin for payments, after which the company will roll out support for other major cryptocurrencies. “The directive is coming from the very top … Jeff Bezos himself.” Amazon’s Crypto Project ‘Ready to Roll’ Following the news of Amazon seeking to hire a digital currency and blockchain lead, City A.M. publication reported that the company actually has plans to accept bitcoin and other popular cryptocurrencies. Citing “an insider” at the company, the news outlet reported that Amazon is looking to accept....

Jeff Bezos-Backed African App Chipper Cash Launching Crypto Trading After Rai...

An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin. Users of Chipper Cash will be able to buy and sell cryptocurrencies as well as U.S. stocks, such as Tesla, Apple, and Amazon, through the app. Jeff Bezos-Backed Chipper Cash to Begin Offering Crypto Trading African cross-border payments startup Chipper Cash has raised $30 million in a Series B funding round. It was led by venture capital firm Ribbit Capital, with the participation of Bezos....

Ethereum now available on Amazon Managed Blockchain

Amazon Web Services users reportedly have the ability to "provision Ethereum nodes" as well as connect to the blockchain’s mainnet and other testnets. Tech giant Amazon just announced the general availability of Ethereum on its managed blockchain.According to Amazon Web Services, or AWS, users now have the ability to “provision Ethereum nodes” as well as connect to the blockchain’s mainnet as well as the Ropsten and Rinkeby testnets through the Amazon Managed Blockchain. The program claims to offer secure access to the network with “standard open-source Ethereum APIs” and syncs to the....

Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the A...

Jeff Bezos is the world’s richest man, but someday if bitcoin crosses a certain valuation then Satoshi Nakamoto will be the wealthiest if he/she or they are still alive. Today, Satoshi Nakamoto, is the 157th richest person worldwide, and the crypto asset will have to cross six digits in order to surpass the Amazon founder’s net worth. In 2020, the founder of Amazon has a whopping 175 billion and he’s currently the richest person on earth today. According to the real-time billionaires’ tracker, a data set that measures the net worth of individuals and families with....