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

FLOW soars after Instagram expands Flow Blockchain NFTs to more than 100 countries

Flow (FLOW/USD) is a high-performing blockchain network that was developed to facilitate the process of non-fungible token (NFT) creation, alongside giving utility to GameFi as well as decentralized applications (dApps).

Flow stands out due to the fact that it is built to scale for billions of people on a global scale that interact with NFTs in the form of in-game items, for example.

The Instagram NFT expansion to over 100 countries as a catalyst for growth

On August 4, 2022, the Instagram Creator’s page published a blog post titled “Bringing Digital Collectibles to More People.”

Within the blog post, Instagram outlines that they are starting an international expansion to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.

In addition to this wider reach, Instagram has incorporated the Flow blockchain into the proceedings by enabling those that interact with the application to mint NFTs on Flow. 

The key supported blockchains for the process of minting NFTs include Ethereum (ETH), Polygon (MATIC), and Flow (FLOW).

All of this has led to a huge surge in the value of FLOW, with a 60% increase in value and a 2,395% increase in its trading volume.

Should you buy Flow (FLOW)?

On August 5, 2022, Flow (FLOW) had a value of $2.936.

To see how far the cryptocurrency can climb up in value, we will be going over its all-time high point of value, as well as its performance throughout the previous month.

Flow (FLOW) reached its all-time high on April 5, 2021, at a value of $42.40.

When we look at the performance throughout the previous month, Flow (FLOW) had its lowest point of value on July 13, 2022, at $1.4107.

Its highest point was on July 20 at $2.0848. This marked an increase in value of $0.6741 or 47%.

With this in mind and its current level of growth, we can expect FLOW to climb to $5 by the end of August 2022, making it a solid buy.

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from Market Analysis – Invezz