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Amazon is set to accept Bitcoin payments and launch a token

Amazon is looking to accept Bitcoin ( BTC/USD ) payments before the end of the year. A report unveiled this news earlier today, citing an insider. The company also posted a job advertisement over the weekend, searching for a cryptocurrency and blockchain lead. Reportedly, Amazon is looking for someone that can leverage domain expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency. According to the job listing , the incumbent’s role will involve developing the case for the capabilities that should be created, driving overall product vision and strategy, and gain leadership buy-in and investment for new capabilities. On top of this, the person that secures this position will have to work closely with teams across Amazon, such as AWS, to create a roadmap that includes the customer experience, the technical strategy, the system’s capabilities, and the deployment plan. While Amazon did not disclose its full intentions, the job description hints a

Enjin (ENJ) price analysis: is October a good month to buy this cryptocurrency?

Enjin ENJ/USD has weakened from $1.77 to $1.18 in less than several days, and the current price stands around $1.33. Fundamental analysis: Millions of people already use Enjin’s products Enjin Network was established by Witek Radomski and Maxim Blagov in the 2009 year. At first, it was a community gaming platform, and in 2017, the network had an initial coin offering (ICO) for Enjin coin. Enjin is the first NFT company accepted into the United Nations Global Compact, which shows the importance of this project. Enjin is committed to the UN Global Compact corporate responsibility initiative, and the mission of this project is to make an ecosystem for exchanging non-fungible tokens (NFTs) easily. The team behind Enjin believes that blockchain and non-fungible tokens (NFTs) are the future of our entire world, and because of this, they have the responsibility to ensure the future of NFTs is sustainable and equitable for every participant. Enjin Coin (ENJ) is a token that powers the E

Ethereum price prediction: Is ETH a buy or sell this week?

The Ethereum ( ETH/USD ) price rebounded during the weekend as investors reflected on the new order by China to ban all cryptocurrency transactions. The token rose to $3,120, which was about 18% above the lowest level in September. Its total market capitalization has risen to more than $367 billion. China crypto ban On Friday, the prices of most cryptocurrencies plummeted after the People’s Bank of China (PBOC) declared that all cryptocurrency transactions were illegal. The bank also warned offshore companies from offering crypto services like derivatives, exchanges, and wallets to Chinese citizens.  This was not the first time for China to express concerns about digital currencies. Back in 2014, the country announced that it was illegal to deal with the coins. And in July, the country intensified its crackdown on Bitcoin mining and other crypto services. It also barred banks and other financial services from offering these services. Therefore, Ethereum price rebounded during the

One man’s loss: See which altcoins “compensated” staggering BTC losses

Image source: Dune Analytics

Yesterday, it was a bloodbath on the cryptocurrency market. A chain of dynamic events ultimately depleted $410 billion in market value and caused long position liquidations in the amount of $3 billion. Bitcoin (BTC/USD) reversed earlier gains, plummeting from $52,956 to $42,900 (-19%). El Salvador, which because the first country in the world to adopt BTC as legal tender, was not disturbed. They were quick to take advantage of the price drop, buying another 150 BTC.

The flagship crypto has consolidated in the $45k – $47k range for now, but few can say what will happen next with certainty. We share a market analysis by Alexandra Clark, Sales Trader at the UK based digital asset broker GlobalBlock.

Majority of crypto market declined with Bitcoin

Most cryptocurrencies declined with Bitcoin, showing market dependency on it and the rudimentary nature of the asset class in general. However, tokens like Algorand (ALGO/USD), Near (NEAR/USD), and Solana (SOL/USD) were mostly unaffected, seeing double digit returns instead. Algorand has increased by 15% over the past 24 hours. Compared to previous days, stablecoins have seen a lot more volume. Of a total 24-hour volume of $282 billion, Tether (USDT/USD) accounted for more than half.

Coinbase vs. SEC: An uphill battle

In a battle of the titans, Coinbase is facing regulatory scrutiny from the watchdog over Coinbase Lend, a product the crypto exchange planned to launch later this year. Lend generates interest on holdings in USDC (USDC/USD) and SEC claims it’s a security. Coinbase CEO Brian Armstrong begs to differ, venting frustration with the SEC’s decision to sue his company without providing any explanation.

After reaching a peak at the end of August, Opensea daily volumes are dropping. This might signify loss of interest or (the better option) a stabilisation of the NFT market.

Will Panama be the next country to adopt BTC as legal tender?

Panama is introducing a bill to use BTC and other digital assets for tax, civil, and commercial purposes. The country believes crypto has the potential to enhance government transparency, attract investments, and create jobs.

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