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

FTX.US opens stock trading in all 50 American states, should you buy FTT?

FTX (FTT/USD) is one of the largest crypto derivatives exchanges out there that allows users to essentially engage in the process of buying and selling numerous cryptocurrencies and index futures with low fees.

FTX.US is the U.S.-regulated cryptocurrency exchange specifically created for that target market.

FTT is the native utility token used across the broader FTX ecosystem and can be used for the reduction of trading fees or can serve as collateral against future positions.

FTX.US opening of stock trading to users as a catalyst for growth

FTX.US opened stock trading to users in all 50 American states, according to a statement by President Brett Harrison initially posted on Twitter. 

What this means is that the cryptocurrency exchange now allows users to trade hundreds of stocks and exchange-traded funds online or through the FTX.US Pro mobile application.

The U.S. unit of the FTX exchange piloted this feature to a select group of customers back in May. However, FTX said that it would not charge fees or monetize trades in a way as Robinhood (HOOD) does, which has been historically criticized for its business model.

In June, FTX.US acquired stock clearing company Embed Financial Technologies as a means of providing its application programming interface (API) and brokerage services on the platform.

Should you buy FTX (FTT)?

On July 28, 2022, FTX (FTT) had a value of $28.999.

To get a better perspective as to what kind of value point this is for the FTT cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.

When we go over the all-time high point of value for the FTX (FTT) cryptocurrency, we can see that it reached $84.18 on September 8, 2021.

Going over the performance of the token throughout the previous month, FTX (FTT) had its highest point of value on June 12 at $29.17, while the lowest point of value for the cryptocurrency was on June 15 at $21.25.

Here we can see that the cryptocurrency decreased by $7.92 or by 27%.

However, from June 15 to July 28, FTT increased in value by $7.749 or by 36%.

With this in mind, we can expect FTT to grow to $35 by the end of August, 2022, making it a solid token to get.

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from Market Analysis – Invezz