Mark Cuban: Crypto ‘Exactly’ Like Dot-Com Bubble — Expects Bitcoin to Survive Bubble Burst, Thrive Like Amazon

Mark Cuban: Crypto 'Exactly' Like Dot-Com Bubble, Expects Bitcoin to Survive Bubble Burst and Thrive Like AmazonBillionaire Shark Tank investor Mark Cuban sees cryptocurrency “exactly” like the dot-com bubble. He says bitcoin and a few other cryptocurrencies are analogous to those dot-com stocks, like Amazon and Ebay, that survived the bubble burst and thrived. Mark Cuban Likens Crypto to Dot-Com Bubble Shark Tank star Mark Cuban compared what he feels is […]
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XRP tumbles despite former Amazon exec joining Ripple as engineering lead

“Ripple’s all-star engineering team continues to grow,” Ripple CEO Brad Garlinghouse said of the firm’s new senior VP.

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.

Varadhan has 15 years’ experience at Amazon, where he worked on software development for more than a decade prior to becoming VP of delivery experience. He also spent two years developing cloud and enterprise software with Microsoft.

With Ripple, Varadhan plans to place an emphasis on building “architecturally sound systems aligned with customer and business needs.”

Though the price of XRP returned to the $0.30 range last week following a significant downturn in December, it has slipped below the critical support level again. At the time of writing, the token is trading for $0.28 after falling roughly 9% in the last 24 hours.

XRP’s volatility has been attributed to charges brought by the U.S. Securities and Exchange Commission against Ripple, the firm’s co-founder Chris Larsen, and CEO Brad Garlinghouse in December.

The SEC accuses Ripple of conducting an “unregistered, ongoing digital asset securities offering” through its XRP sales, with the allegations prompting many crypto exchanges to delist or suspend trading of the token.

The commission’s case against Ripple will begin with a virtual pretrial conference on Feb. 22.

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Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the Amazon Founder’s Net Worth

Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the Amazon Founder’s Net WorthJeff 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 […]

The post Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the Amazon Founder’s Net Worth appeared first on Bitcoin News.

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Amazon CEO Jeff Bezos Will Never Be Able To Buy All Bitcoin in Circulation – Jameson Lopp

Jeff Bezos's Wealth Surges Past Bitcoin's Market Capitalization at $171 Billion

Amazon founder, CEO, and president, Jeff Bezos recently broke his own wealth record. The entrepreneur is now estimated to be worth nearly $172 billion which is the richest he has ever been. Bezos’s net worth is roughly equal to the worth of the entire Bitcoin circulation supply at the current price of $9,061, roughly $170 […]

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