Binance CEO Predicts Amazon Will Launch Its Own Currency, Plus Bitcoin, Ripple and XRP, Ethereum, Tron, IOTA, Cardano: Crypto News Flash

From mainstream crypto adoption to vulnerable proof-of-stake coins, here’s a look at some of the stories breaking in the world of crypto.

Crypto Adoption

Changpeng “CZ” Zhao, CEO of the world’s largest crypto exchange Binance, says he doesn’t understand why every business on the internet isn’t already accepting crypto. In a series of tweets, CZ predicts e-commerce giant Amazon will end up launching its own currency.

https://twitter.com/cz_binance/status/1091696602308259840

This isn’t the first time Zhao has pinpointed Amazon as a potential major adopter of digital currency. Back in December, Zhao said he’s waiting for Amazon to ditch fiat and enter the ecosystem.

Zhao’s prediction underscores the worsening situation for Amazon resellers caught in the trade war between the US and China.

As reported by CNBC,

“Many big Amazon sellers received a notice this week from a company they rely on for international money transfers. The message from WorldFirst, which is based in London, was alarming: its U.S. business was closing immediately.

‘We are writing to share some news that affects you as a US-based customer of WorldFirst,’ the email said. ‘The WorldFirst shareholders have taken the decision to discontinue with the US operations. As such, we will no longer be able to offer our products and services to you.'”

Bitcoin, XRP, Ethereum

VCTRADE, a new cryptocurrency exchange run by Japanese banking giant SBI Holdings, says it has now enabled Bitcoin, XRP and Ethereum withdrawals.

The exchange first added deposits for Bitcoin, XRP and Ethereum back in December. Crypto trading is expected soon, with Ripple investor SBI set to onboard customers from its huge user base of more than 23 million people.

Tron

The US-based crypto exchange Bittrex is the latest trading platform to support monthly airdrops of Tron’s BitTorrent Token (BTT). So far, Binance, Koinex, Indodax and ABCC have announced they’re also on board.

Cardano

IOHK, the company behind Cardano, has confirmed that it’s unaffected by an exploit recently discovered in over 26 proof-of-stake cryptocurrencies.

A group of students at the University of Illinois Decentralized Systems Lab say the bug could allow hackers to crash different networks with a small amount of staked coins.

IOTA

The team at IOTA has released a new update on its Trinity mobile wallet, which has about 20,000 beta users.

“Last week we released Trinity Mobile 0.6.0 beta. This was a substantial step forward for the mobile version, including a number of considerable changes and improvements.

The addition of node quorum vastly improves the wallet’s security when interfacing with the Tangle, by requiring a consensus between multiple nodes before a response is considered valid. The mobile UI has also undergone a complete UI overhaul with updated modals, fancy animations, and refinements throughout.”

IOTA says you can join the beta and try it out for yourself here.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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