Crypto Week At A Glance: Bitcoin range-bound at $19K as US CPI data sparks volatility

economictimes.indiatimes.com:

The total crypto market cap is now near $900 billion. The market will likely be range bound till November 2, the day the US Fed announces another interest rate hike. Occasional rallies to the upside can occur, however. Macroeconomic conditions globally, including the possible collapse of a major bank (Credit Suisse or Deutsche Bank), can spook the markets in the short term. As this bear market plays out, we look at some positives in terms of adoption and other top stories of the week:Google partners with Coinbase to bring crypto payments to cloud servicesTech giant Google has partnered with Coinbase to allow users to pay for cloud services using cryptocurrencies early next year.

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SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

As part of the partnership, Google Cloud will enable select customers, starting with those in the Web 3.0 ecosystem, to pay for its cloud services via select cryptocurrencies. With this, a select group of customers will now be able to make payments with Bitcoin, Ether, and Dogecoin. Google Cloud has been making strides to increase its visibility in the Web 3.0 space and recently announced that it would establish a complete internal team devoted to digital assets.JPMorgan, Visa team up for international blockchain paymentsPayment giants JPMorgan and Visa are collaborating to make it easier to use their private blockchain technologies, Liink and B2B Connect, to enable international transactions. According to reports, Liink, a