Markets

Bitcoin’s price continues charting gains, and it seems that the weekend has caught bears unprepared. At the time of this writing, BTC is up 2.1% on the day, trading at above $30K – an important psychological and resistance level. It’s worth noting that it’s not the first time this week that Bitcoin has tried to overcome $30K. On October 16th, prompted by false reports of an approved spot Bitcoin ETF, the BTC price shot up to around $30K on Binance. As soon as the reports were...

Investment banking giant Morgan Stanley published a report on Tuesday arguing that Bitcoin (BTC)’s upcoming halving event in six months may be the dawn of a new bull market. With reference to Bitcoin’s “four seasons,” the bank claimed that “crypto winter” may already be over. Crypto Winter Is Over Morgan Stanley Wealth Management defines cryptocurrency “winter” as a period of the “four-year cryptocurrency cycle” that begins after Bitcoin taps an all-time high and investors...

Binance.US has garnered support from a major crypto lobbyist group in warding off an ongoing lawsuit from the U.S. Securities and Exchange Commission (SEC). In a new amicus brief, the US Chamber of Digital Commerce argued that the agency’s claims against the exchange are misplaced, and that its actions are turning crypto businesses away from its borders. Regulation By Enforcement In the Thursday filing, the lobbyists echoed previous criticisms from industry leaders that the...

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...