Market focus

Two giants of traditional finance, JPMorgan and Visa, are linking up their global private blockchains – Liink and B2B Connect – to simplify payments between nations. As Forbes reported, JPMorgan’s Liink is a network specifically designed for cross-border transfers and is offered under the bank’s blockchain and payments initiative, Onyx. Onyx provides a platform for…

According to a TechCrunch report, OpenSea, the largest NFT marketplace, is starting to support Avalanche. The platform will now allow creators to mint, list, and trade NFTs on the Avalanche layer 1 network. Avalanche, which is well-known as a DeFi chain and often mentioned as a challenger to Ethereum, is making its steps in the…

Google stated it will use Coinbase to accept crypto payments for cloud services early next year, CNBC reported. Google Cloud will let customers pay for its services using ten cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Tether. Google announced the deal at Cloud Next, a conference where Google pitches its computing business to companies. According to…

Breaking crypto news from the last week (Oct. 1 – 7, 2022): Oct. 2: Sega, one of the largest Japanese gaming companies, has announced the upcoming launch of its first blockchain game, based on Sega’s Sangokushi Taisen franchise, in partnership with development company Double Jump Tokyo. The game’s blockchain elements will be built on Oasys,…

BNB Chain, a blockchain linked to the world’s largest crypto exchange Binance, has been hit by a $570 million exploit, a Binance spokesperson said on Oct. 7. BNB Chain resumed its suspended blockchain after several hours. Changpeng “CZ” Zhao, Binance CEO, said in a tweet that tokens were stolen from a blockchain “bridge” used in…

Blockchain analytics firm Chainalysis’s study revealed that the Middle East and North Africa region was the fastest-growing market for crypto adoption over the 12-month period that ended on June 30. Crypto users in the region received $566 billion in crypto from July 2021 to June 2022. Users based in The Middle East and North Africa…