Markets

Ripple (XRP) is the 5th largest crypto by market cap behind BTC, ETH, USDT, and BNB. In mid-October 2023, Ripple had a market capitalization of $26.6 billion. XRP price began to rally again in mid-October after six months of hardly moving (other than a July spike that lasted about a few weeks). Here are six major XRP price factors moving forward: 1. Tailwind: SEC Drops Charges Against Ripple Executives Ripple tokens jumped to 6% gains on the 7-day window Thursday after...

TL;DR CryptoPawCoin (CPRC) plummeted by approximately 90% in 24 hours, despite the broader crypto market’s bullish trend. The newly-launched token spiked by nearly 700% in mid-October, but faced skepticism due to its low market cap and absence from CoinMarketCap. CPRC claims to merge blockchain with animal welfare, aiming to support animal-related organizations. The recent price drop raises concerns about a potential “rug pull” scam. Despite the ongoing bullish condition of...

TL;DR Binance will delist 17 liquidity pools from its Liquid Swap by October 27, including pairs like DOGE/BUSD and SHIB/BUSD, but Binance Spot remains unaffected. Despite delistings, Dogecoin and Shiba Inu prices remain strong, reflecting the overall positive crypto market trend. BitMEX also delisted pairs, including FLOKI/USD, but Floki Inu’s value has seen a significant uptrend recently. Binance Removes the Following Pairs The world’s largest cryptocurrency exchange –...

The crypto market is known for its volatile price action that turns part-time investors into millionaires over the course of a year or two. But a strong, sustainable pump has been missing from the market for a while now. Investors are beginning to explore more means of earning high returns from the market. XETA Genesis is a DeFi platform that has a track record of giving up to 20% monthly returns to investors this year. Here is a closer look at the project and how it works....

The chilling winds of crypto winter continue to sting projects, prompting several of them to take a hard look at downsizing or ceasing operations entirely. A decentralized content-sharing and publishing platform – LBRY – is the latest one to succumb to the market condition. The company behind the LBRY blockchain said that “there is no escaping this.” LBRY Shuts Shop In a somber announcement, LBRY weighed in on losing judgment to the federal government and said it has debts to...

It’s been one hell of a week. Bitcoin’s price is up by a whopping 10% throughout it, and the entire market is painted in green. Ripple’s streak of wins against the US Securities and Exchange Commission continues. There’s a lot to unpack, so let’s dive in! First things first, after a relatively boring weekend where nothing much happened, it was all engines go on Monday. And yet, the reason will astound you. A report came out that the United States Securities and Exchange...

The Q3 figures for 2023 show that American Express pulled in record revenue despite increased expenses especially with customer engagements. Credit card giant American Express (NYSE: AXP) has published its revenue report for Q3 of 2023, pointing to record revenue for six consecutive quarters. According to an official press release, the company’s total revenue net of interest expense came in at $15.38 billion, a 13% increase over the $13.5 billion recorded for the same quarter in 2022. The...

To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%. Bitcoin hit a 2023 peak price of $31,809 on July 13. However, it has struggled to reclaim its $30,000 level since July 24. In August, it further...

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the...

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....