Markets

The approval came after the FTC in the United States initially filed a lawsuit to block the Activision Blizzard acquisition last year. According to a Friday report from The Verge, Microsoft Corp (NASDAQ: MSFT) is edging closer to finalizing its proposed $68.7 billion acquisition of Activision Blizzard, with an expected announcement set for next week. The US-based tech giant has earmarked October 13 as the potential closing date for the deal. The long-awaited acquisition, which has been in...

A filing with the SEC shows that Exxon Mobil’s third-quarter earnings received a major boost from the high crude oil prices Oil and gas giant Exxon Mobil Corp (NYSE: XOM) is said to be in advanced talks to acquire shale-focused company Pioneer Natural Resources Co. According to a Wall Street Journal report citing an anonymous source familiar with the matter, the deal is estimated to be valued at up to $60 billion and could be closed within the coming days. Earlier in April, WSJ had that...

In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken has announced its intention to acquire Coin Meester B.V. (BCM), a Netherlands-based digital asset broker. The planned acquisition follows the recent implementation of the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which governs the operations of crypto exchanges in the region, including […] In a strategic move to bolster its European expansion, cryptocurrency exchange Kraken...

Bitcoin cash price started a fresh decline below the $240 zone against the US Dollar. The price is now trading below the $235 zone and the 55 simple moving average (4 hours). There was a break below a key rising channel with support near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $242 zone against the US Dollar,...

TL;DR Binance plans to adjust the tick size for 25 spot trading pairs by October 10, 2023, without affecting existing orders. The exchange will delist 19 trading pairs on October 6, all involving BUSD. Binance’s move follows its earlier announcement to discontinue support for the stablecoin, BUSD, next year. Binance’s Amendments The world’s largest cryptocurrency exchange – Binance – announced that it will complete adjustments for the tick size (the minimum change in the...

TL;DR XRP wallets surpass 4.8 million, driven by Ripple’s recent court victories against the SEC. Ripple and its XRP token gained significant attention following a key court win in July. Despite speculation, Ripple did not announce an IPO or settlement with the SEC at their recent NYC party. Inching Towards 5 Million The total number of XRP wallets has recently surpassed 4.8 million. The latest surge of the figure comes amid another dose of enthusiasm among the Ripple...

BitMEX co-founder and macro-analyst Arthur Hayes recently predicted that Bitcoin’s price will soar between $750,000 and $1,000,000 per coin within roughly 3 years. His prediction, which is far more bullish than that of most analysts, rests on a macroeconomic thesis that all financial assets are due for an unprecedented boom. The Biggest Bull Market Ever In an interview with Impact Theory published on Tuesday, Hayes claimed that Bitcoin will continue to trade sideways near...

In a market as unpredictable as the meme coin market, the appeal of quick gains has made these low-cap coins a hot topic among traders on social media. Given the saturated nature of the market, getting the lowdown from those in the know can make all the difference for those seeking the next coin to explode. This article explores insights from three prominent crypto traders on which meme coins could be next to skyrocket, ensuring investors have a clear overview of the market’s...

TL;DR Analyst EGRAG CRYPTO suggests XRP could reach $27 after Ripple’s legal win and its role in cross-border payments. Investors are advised to be cautious due to potential broader market downturns. Past XRP price predictions from different analysts vary widely, from $1.40 to $500. Much More Bullish After Ripple’s Second Victory The popular cryptocurrency analyst using the X (Twitter) handle EGRAG CRYPTO opined that the latest developments surrounding Ripple could act as a...

Sygnum granted capital markets services (CMS) licence for asset management in Singapore Following its in-principle approval of the MPIL in June this year, Sygnum Singapore has completed the licensing process and received the licence that enables it to activate the launch of the group’s regulated Digital Payment Token (DPT) brokerage service in Singapore. The platform, featuring a seamless fiat-digital asset gateway and trade execution for a range of...