Table of Content

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

Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD.

Bitcoin is trading above the $44,000 level, and for now, everything indicates that the price could advance again above $45,000 resistance. Joe DiPasquale, chief executive officer at BitBull Capital, which manages crypto hedge funds, said:

The current rise came after considerable range-bound price action that saw volumes drying and shorts increasing. Typically, when the market is heavily leaning on one side of a trade, too long or too short, the price can move to counter that weight and squeeze positions.

The cryptocurrency market also reacted positively after the U.S. released the Nonfarm Payrolls report on Friday, which showed that the country added 467K jobs in January. The job report surpassed economists’ estimate of 150K new jobs for January and traders continue to ignore geopolitical turmoil and Federal Reserve tightening concerns.

Mike McGlone, an analyst from Bloomberg, said that he believes that 2022 will be a successful year for Bitcoin and other cryptocurrencies as many institutions started to look at cryptocurrencies as being an excellent store of value.

According to the latest news, KPMG Canada, a member firm of “Big Four” accounting giant KPMG, has added Bitcoin and Ethereum to its corporate balance sheet.

Benjie Thomas, KPMG Canada’s managing partner for advisory services, said that he believes that institutional adoption of cryptocurrencies will continue accelerating.

KPMG reported global revenues of a staggering $32.13 billion in 2021, and the firm expects that blockchain technology will continue to grow and become a regular part of the asset mix.

Ripple, Dogecoin, and Litecoin could advance even more in February if the positive trend continues, and traders should consider that if Bitcoin advance again above the $50000 resistance, it would add a further boost to the whole cryptocurrency market.

XRP is eying $0.90 resistance

Ripple (XRP) continues to perform well in the second trading week of February 2022. Ripple could advance even more in the ongoing positive trend, and if the price jumps above $0.90 resistance, the next price target could be at $1 or even above.

Data source: tradingview.com

On the other side, if the price falls below the $0.60 support level, it would be a strong “sell” signal, and we have the open way to the $0.50.

DOGE could advance above $0.20

Dogecoin’s (DOGE) price has advanced from $0.13 above $0.17 in less than four days, and according to technical analysis, it could advance above $0.20 very soon.

Data source: tradingview.com

If the price jumps above $0.20 resistance, the next price target could be at $0.25; still, if the price falls below $0.15 support, it would be a firm “sell” signal.

LTC has strong support at $125

Litecoin (LTC) has advanced from $120 above $139 in less than 28 hours, and the current price stands at $137.

Data source: tradingview.com

If the price jumps above $150 resistance, the next price target could be at $160; still, if the price falls below $125 support, it would be a firm “sell” signal.

Summary

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple, Dogecoin, and Litecoin. According to the latest news, KPMG Canada, a member firm of “Big Four” accounting giant KPMG, has added Bitcoin and Ethereum to its corporate balance sheet.

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