Crypto news

TL;DR After Jim Cramer predicted Bitcoin’s decline, attorney John E Deaton promptly invested in BTC, challenging Cramer’s view. Historically, Cramer’s crypto forecasts, like advising to sell BTC at $17,000, have been off-mark as Bitcoin later surpassed $27,000. Cramer anticipated a 2022 bull run; however, the crypto market faced severe downturns, with Bitcoin dipping below $16,000. Betting Against Jim Cramer John E Deaton – an American attorney representing thousands of...

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TL;DR Binance will delist 12 liquidity pools, including XRP/BUSD, from Binance Liquid Swap on October 17, with assets moved to users’ Spot wallets. The move aims to improve liquidity and transaction prices; it has no effect on Binance Spot trading. XRP’s price has seen a decline possibly linked to the delisting. Earlier, Binance removed 19 pairs, predominantly with BUSD, aligning with plans to discontinue BUSD support next year. Binance Removing 12 Trading Pairs The world’s...

Cryptocurrency trading platform WOO Network revealed intentions to buy back its shares from the bankrupt crypto hedge fund Three Arrows Capital (3AC) to clear the uncertainty that has clouded its business due to the company’s collapse. According to an official announcement, WOO has agreed with 3AC liquidator Teneo to repurchase the shares and tokens at a discount, cutting the remaining link with the failed hedge fund and its creditors. WOO Network to Buy Back Shares From 3AC...

TL;DR Turkish crypto exchange Bitcointry successfully integrates the Shibarium chain, sparking optimism for a potential SHIB or BONE rally. LUCIE, Shibarium’s Marketing Strategist, highlights the integration and poses a question about the next exchange to do the same. Launched at the end of August to enhance Shiba Inu’s performance by reducing transaction fees and increasing speed, the network recently surpassed one million blocks and is approaching 3.5 million transactions....

TL;DR Over 1 trillion SHIB assets shifted to exchanges, possibly indicating selling pressure as the price dropped. Some analysts, including trader $SHIB KNIGHT, believe SHIB might rally soon, predicting a potential 8-month high. Shiba Inu’s burning program and the development of Shibarium provide bullish momentum for the coin’s future. What’s Next for SHIB? According to CryptoQuant data, Shiba Inu investors have moved over 1 trillion assets into cryptocurrency exchanges in...

The announcement of this landmark deal follows a recent report which hinted at the two companies’ progress toward an agreement. Since that report, Pioneer shares have surged by over 10%. ExxonMobil Corp (NYSE: XOM) has announced its agreement to acquire shale rival Pioneer Natural Resources Co (NYSE: PXD) for a staggering $59.5 billion in an all-stock transaction, equivalent to $253 per share. The deal has captured the attention of the financial industry and is set to significantly...

The French giant attributed this decline to post-COVID-19 normalization, high inventory levels among retailers, and a slowdown in Hennessy cognac sales in the United States. LVMH, the world’s largest luxury conglomerate, experienced a significant drop in its shares on Wednesday following a disappointing financial earnings report for the third quarter (Q3) ending in September. The French luxury group, which controls popular brands like Louis Vuitton, Dior, Tiffany, and Bulgari, unveiled its...

The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items. Swedish fintech startup Klarna has launched an image recognition tool powered by artificial intelligence (AI). Using AI, Klarna wants to help people identify goods they would like to purchase. The new AI feature on the Klarna app allows users to point their phones at products to find information about similar items via the Klarna app. Klarna launched...

The Congressional Committee of Brazil noted that Binance was running a pyramid scheme and operating while bypassing the regulators. The case is now for the Brazilian police to look after. A congressional committee in Brazil has made allegations against Binance, asserting the platform’s involvement in a fraudulent pyramid scheme. The committee also accuses Changpeng “CZ” Zhao, the CEO of Binance, of having ulterior motives in the establishment of multiple companies in the region. The...