Markets

Bitstamp’s CEO, Bobby Zagotta, announced that the firm will be discontinuing its services to customers in Canada. The decision is set to take effect on January 8, 2024, and comes after Bitstamp informed its Canadian customers of the impending change back in March. Bitstamp to Exit the Canadian Market Bobby Zagotta, the U.S. CEO and Global Chief Commercial Officer at Bitstamp, issued a statement regarding the development. He expressed the company’s gratitude towards its...

Researchers at Standard Chartered Bank recently claimed that Ether (ETH), the second-largest cryptocurrency by market cap, could rise to 500% of its current price by the year 2026. The bank’s bullish prediction follows a similarly optimistic forecast for Bitcoin (BTC), which it claimed could reach $120,000 before 2025. Why ETH Could Skyrocket Per a research report published by the bank on Wednesday, Ethereum’s dominance compared to other smart contract platforms combined with...

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...

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...

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 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 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...

It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation. Leading global cryptocurrency exchange Binance is set to roll out its self-trade prevention (STP) feature to help users reduce unnecessary self-executed orders and related transaction fees. The exchange said the tool primarily caters to application programming interface (API) traders who use automated trading programs with its trading engine....

To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory chips that are crucial for AI servers and processors.  Samsung Electronics, the South Korean tech giant, released its preliminary earnings guidance for the third quarter (Q3 2023), indicating a notable 77.9% drop in operating profit compared to last year. According to the company, the decrease in profitability is primarily attributed to...

The reason behind the decision to leave the Canadian market was not revealed by Bitstamp. Notably, the exchange follows Binance, OKX, and Bybit which announced their exit from Canada earlier. Luxembourg-based crypto exchange Bitstamp is planning to stop providing services in the Canadian market in January 2024. The deadline for withdrawing customers’ funds is January 8. Afterward, Bitstamp will deactivate Canadian users’ accounts. The announcement was shared by Bobby Zagotta, Bitstamp’s US...