The CEO of U.S. crypto exchange Coinbase Brian Armstrong has apologized for poor customer support and revealed the company could integrate with DeFi protocols in a comprehensive Ask Me Anything session on Reddit. The Reddit AMA (Ask Me Anything) posted on March 17 had amassed over a thousand questions and responses from members of the social media platform. Company CEO Brian Armstrong and CFO Alessia Haas finally got around to responding to a few of them a week later on March 23. There was also a video that accompanied the AMA, which was a first for a company going public, …

A blockchain project says that it is aiming to shake up content delivery networks (CDNs) — and break the monopoly that has been established by the three main providers: Cloudflare, Amazon Web Services, and Akamai. According to Meson, these three companies share 89% of customers between them, but the high prices they charge can often be off-putting to small and medium-sized businesses. One of the biggest challenges for online platforms is ensuring that traffic to their site can be scaled up at periods of peak demand — and CDNs play a crucial role in ensuring that online content loads quickly. …

Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper. In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet. Draper: Netflix "might be next big one to fall" "You know who it might be? Netflix," he said. "I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at …

Technology 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” and connect to the blockchain’s mainnet in addition to 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 sync to the Ethereum blockchain. “Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure,” said the firm. “In addition to DeFi applications, customers …

Over the past few weeks, the price of Golem's GLM network token saw a strong rally that pushed the token to a three-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 during the past three days. Nevertheless, GLM still holds a 230% gain in February alone. Golem is an Ethereum-based decentralized application that enables users to rent out computing power resources. Since November 2020, the project has been migrating from GNT to GLM tokens after deploying a new ERC-20 contract. Although most exchanges …

Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. Today Bitcoin price is showing a new spark of optimism after the Bank of New York Mellon announced that it would hold, transfer and issue Bitcoin on part of its clients. The bank is also …

American e-commerce giant Amazon is developing a new service that will allow its customers to shop using digital currency, according to the company’s job postings. According to an official job application on Amazon, the company is now building a tech team to enable a new digital currency service. Currently known as a “Digital and Emerging Payments,” or DEP, project, the service will initially roll out in Mexico, allowing local people to buy crypto with cash to spend digital currency while shopping. The job posting reads: “We are looking for a leader to help us launch a new payment product starting …

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor's note As they say, the sun never sets on the Google empire. That said, the role of antitrust law in tech has been on the rise in recent years. Every indication is that the situation is only going to get worse for mega tech firms. So Jeff Bezos’ departure from the top spot at Amazon may well have been a beautifully timed case of quitting while you’re ahead. As I’ve mentioned before — “harped on about” might actually be more …

The Senate sees new legislation aiming to update antitrust laws for new technologies. Senator and former candidate for the Democratic presidential nomination Amy Klobuchar is introducing the Competition and Antitrust Law Enforcement Reform Act today, Cointelegraph has learned. Sen. Klobuchar, who heads the Senate Antitrust Subcommittee, is looking to put new burdens on companies seeking to acquire competitors. An announcement of the bill noted that it aims to "Shift the burden to the merging parties to prove their merger will not violate the law." The bill would also provide broad new legal authority and resources to the Justice Department's Antitrust …

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 leader, and has my full confidence.” The crypto world’s attention now …

The CEO of a crypto-focused e-commerce platform says his company is determined to ensure digital assets can be spent by consumers — and aren’t just tools for speculation. Speaking in a Cointelegraph AMA session on YouTube, DeFi For You’s CEO Adam C. Chaplin set out his vision of taking on the likes of Amazon and eBay. His firm’s goal has been to create an environment where cryptocurrencies are easy to understand, paving the way for them to be used to buy and sell second-hand goods. Pawnbroking, a centuries-old financial practice, is another area where DeFi For You stands out. Chaplin …

Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team. In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple as its new senior vice president of engineering. Ripple’s all-star engineering team continues to grow – thrilled to welcome Dev as our new SVP of Engineering! https://t.co/OH5ceDOX4K — Brad Garlinghouse (@bgarlinghouse) January 11, 2021 Varadhan has 15 years’ experience at Amazon, where he worked on software development for more than a decade prior to becoming VP of delivery …