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

KuCoin Labs incubates Web3 gaming platform PlayZap Games

KuCoin Logo On Office Building

KuCoin Labs, incubator and investment arm of global crypto exchange KuCoin, has invested in PlayZap Games, a Web3 gaming platform, according to a press release seen by Invezz.

PlayZap Games offers a Play-to-Earn (P2E) gaming ecosystem supported by a NFT economy and blockchain wallet. The platform is set to release its first iteration app on Google Play, the App Store and on desktop, complete with 10 casual games.

KuCoin Labs leads PlayZap’s seed round

In the announcement, KuCoin Labs reveals that it led Singapore-based PlayZap Games’ seed round investment, a funding round that the gaming platform looks to tap into as they develop their GameFi ecosystem further.

More specifically, PlayZap Games is looking to use the funds to expand new game IPs, and onboard more partners. Part of the new capital injection will also go into enhancing the marketing team as they target more adoption amid stiff competition in the space.

Lou Yu, head of KuCoin Labs commented on the partnership:

KuCoin Labs believes that gaming will be the gateway to crypto mass adoption. PlayZap has provided a good opportunity for traditional Web-2.0 players to transition to crypto gaming easily with a focus on leisure. The team has solid experience in Web-2.0 gaming with strong track records, which can be leveraged to power up the PlayZap’s ecosystem.” 

PlayZap’s incubation will see KuCoin Labs support the game in marketing, business planning and via partnerships, the two platforms said in the release.

The seed round also attracted participation from Arcanum Capital, Oddiyanna Ventures and Prime Block Ventures.

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