Monat: Juni 2022

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eBay expands presence in NFTs market with acquisition of KnownOrigin

eBay and KnownOrigin did not disclose the terms of the acquisition.

Global e-commerce platform eBay Inc. (Nasdaq: EBAY) has announced its acquisition of leading NFT marketplace KnownOrigin.

According to a press announcement published on Wednesday, eBay’s deal to acquire KnownOrigin was signed and closed as of June 22, 2022. The companies did not disclose the amount of money involved.

eBay said that the acquisition marks a crucial step in its tech-led re-imagination, with the development set to make it the world’s top destination for digital collectibles.

Jamie Iannone, CEO of eBay added:

“KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.”  

KnownOrigin is a UK-based NFT platform founded in 2018, and has become one of the largest destinations for artists and collectors. On the other hand, eBay started allowing its customers to buy and sell NFTs in May 2021. 

The post eBay expands presence in NFTs market with acquisition of KnownOrigin appeared first on CoinJournal.

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Citi picks Swiss firm Metaco for its digital asset custody

Citi, one of the largest custodians in the world with nearly $27 trillion in assets, has announced a strategic partnership with Swiss-based crypto custody firm Metaco as it looks to offer digital asset custody.

Citi will tap into Metaco’s crypto custody technology to develop a platform for its clients, the two firms said in a press release on Wednesday.

Citi to integrate Metaco’s Harmonize platform

To provide a seamless experience for customers, Citi will undertake full integration of Metaco’s Harmonize, a platform that offers bank-grade crypto custody and orchestration. It’s this platform that will help the banking giant to develop and pilot its digital asset custody, the statement added.

Commenting on the collaboration and what it means for Citi, the bank’s Global Head of Securities Services Okan Pekin said:

“We are witnessing the increasing digitization of traditional investment assets along with new native digital assets. We are innovating and developing new capabilities to support digital asset classes that are becoming increasingly relevant to our clients.”

Citi boasts over 200 million customer accounts, with its business operations accessible in more than 160 countries worldwide.

The bank’s move to develop a crypto custody platform sees it join a growing group of banking giants exploring and offering crypto services. These include some of the world’s largest custodians like BNY Mellon, JPMorgan, State Street, Northern Trust and HSBC.

The post Citi picks Swiss firm Metaco for its digital asset custody appeared first on CoinJournal.

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UniSwap acquired NFT marketplace aggregator Genie

UniSwap Labs the main developer behind the leading decentralized protocol UniSwap has acquired the NFT marketplace aggregator Genie. The move will further incorporate NFT functionality into UniSwap Labs’ product range.

In an announcement made by UniSwap on Tuesday, the developers said the move will unlock universal ownership and exchange NFTs on the DeFi protocol.

The acquisition of Genie will enable UniSwap to incorporate NFT marketplaces into the UniSwap web app and also integrate NFTs into its widgets and APIs. This will make UniSwap a “’comprehensive platform for users and builders in Web3.”

Buying and selling NFTs on UniSwap

According to a tweet on a tweet thread by UniSwap, the protocol said that people will be able to buy and sell NFTs directly on the UniSwap web app starting this fall.

The tweet reads:

“Starting this fall, you’ll be able to buy and sell NFTs directly on the Uniswap web app. And we’ll integrate NFTs into our developer APIs and widgets, making Uniswap a comprehensive platform for users and builders in web3.”

This is not the first UniSwap is being involved with NFTs. In 2019, it launched Unisocks, which offers NFT liquidity pools backed by real-world assets. Therefore, the Genie acquisition will go a long way in bolstering the protocol’s NFT agenda.

USDC Airdrop

In line with the Genie acquisition, UniSwap said that it plans a USDC airdrop to historical Genie users claimable for up to twelve months.

The post UniSwap acquired NFT marketplace aggregator Genie appeared first on CoinJournal.

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Why is Shiba Inu up by more than 12% in the last 24 hours?

The cryptocurrency market has shed some of the gains it recorded earlier this week.

The cryptocurrency market has underperformed over the past 24 hours. The market has lost more than 3% over the past few hours, with the total market cap now under the $900 billion mark again.

Bitcoin has lost its support above the $21k level and risks dropping below $20k for the first time this week. Ether also risks dropping below $1,000 after losing more than 7% of its value in the last 24 hours.

However, SHIB, the native token of the Shiba Inu ecosystem, is up by more than 12% in the last 24 hours. Thanks to this ongoing rally, SHIB is the best performer amongst the top 20 cryptocurrencies by market cap today.

There is no catalyst behind SHIB’s ongoing positive performance. Amongst the top 100 cryptocurrencies by market cap, SHIB is the second-best performer, only behind WAVES.

Over the past seven days, SHIB has added more than 23% to its value, which is superior to some of the leading cryptocurrencies.

Key levels to watch

The SHIB/USD 4-hour chart is bullish as Shiba Inu has been performing well since the start of the week. The technical indicators show that SHIB is recovering from the losses recorded last week.

The MACD line is within the positive territory, indicating bullish momentum in the near term. The 14-day relative strength index of 58 shows that SHIB is no longer in the oversold region.

At press time, SHIB is trading at $0.00000947. If the rally continues, SHIB could surge past the $0.00001084 resistance level before the end of the day. However, it would need the support of the broader market to move past the $0.00001240 in the short term.

The bear market is still in play and SHIB could drop below the $0.00000906 support level if the bears regain control. 

The post Why is Shiba Inu up by more than 12% in the last 24 hours? appeared first on CoinJournal.