MUFG Partners with Animoca Brands to Enter NFT Market

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Today’s Cryptocurrency Headline

Japan’s largest financial group, Mitsubishi UFJ Financial Group (MUFG), collaborates with Web 3.0 company Animoca Brands to consider supporting businesses such as NFT issuance and electronic market operations. This is the first time a Japanese bank has participated in NFT-related businesses. MUFG believes that, as a financial institution, it will be able to apply its experience and knowledge to NFT transactions. Mitsubishi UFJ Financial Group abandoned the blockchain payment project GO-Net Japan early this month.

BingX’s Bitcoin Chart

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As the second round of talks between Russian and Ukrainian diplomats ended on Thursday without an agreement, Bitcoin and equities traded lower on Thursday due to geopolitical risks escalated. BTC was down 3.4% over the last 24 hours. The bulls need to maintain the price above the $40,000 price level to sustain the recovery phase. Further, if momentum builds, a decisive move above $46,000 could yield further upside targets toward $50,000.

 

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