The most important crypto news of the week

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Andy Jassy named new Amazon boss; PayPal draws first quarterly crypto balance sheet; Dogecoin Price Explodes After Elon Musk Tweet; the MicroStrategy Bitcoin Event and WSB: What decentralized investment power means for the crypto space.

Another exciting week in the crypto space is drawing to a close. The most important events around Bitcoin and Co. in a compact overview.

Andy Jassy is the new Amazon boss – and he is crypto-savvy

After Amazon founder and long-time CEO Jeff Bezos announced his retirement from the board of directors on the evening of February 2, 2021, Andy will become Jassytake this post in the future. Jassy has been with the company since 1997. He is crypto-savvy. He is currently the head of the flourishing cloud service Amazon Web Service (AWS). The online service rents servers and storage capacities to other companies and generates massive profits. AWS recently introduced Amazon Managed Blockchain under Jassy’s direction. This is a service for developers who want to build projects based on Hyperledger Fabric or Ethereum without having to provide their own hosting or their own hardware. Previously, the company launched a centralized, blockchain-like project in 2018 – the Amazon Quantum Ledger Database (QLDB). It is still uncertain whether Amazon, under Jassy’s leadership, will dare to venture into its own cryptocurrency, such as Facebook’s Diem.

PayPal takes stock after the first crypto quarter

The online payment provider PayPalhas presented its figures for the fourth quarter of 2020. The presentation was anticipated with great anticipation, as PayPal is known to have entered the crypto market for the first time during the quarter. This has not remained without consequences for the course of Bitcoin & Co. There were a total of 16 million new PayPal users in the final quarter of 2020. The trading volume is an impressive $ 277 billion. The announcement also announced that customers who bought cryptocurrencies via the platform have logged into PayPal twice as often as before, when PayPal did not yet offer this service. PayPal is already working with regulators and central banks to shape the „next generation of the financial system,“ said CEO Dan Schulman. Since the 12th November authorized users in the USA can buy Bitcoin Formula and Co. Schulman also made hints to expand the service to other countries.

Dogecoin course explodes after Elon Musk tweet

After the Reddit group r / wallstreetbets had already exploded the price a week ago, the multi-billionaire Elon Musk tweeted happily about the Dogecoin on February 4, 2021, which caused a new rally . In the meantime, the price of the meme coin rose again by 50 percent. The pump came from the richest person in the world: Elon Musk, happily tweeting Dogecoin memes. A few days ago Musk caused a stir in the crypto space when he changed his Twitter biography and added a #bitcoin emoji and a hashtag. He also caused a stir when he turned himself to Robinhood CEO Vlad Tenev in a clubhouse conversation and asked him to explain the incidents with the sale of GameStop shares: “People want answers and they want to know the truth. ”