As an analyst with extensive experience in the fintech industry, I find the National Bank of Rwanda’s (BNR) exploration of a retail central bank digital currency (CBDC) to be an intriguing development. Given Rwanda’s ongoing efforts towards a cashless economy and the challenges posed by frequent power outages, a CBDC seems like a logical next … Read more
After the recent drop to $56.8k, Bitcoin seemed to have a short-term bearish bias. Signs of accumulation and demand were present, but the consolidation period might not end soon. As a seasoned crypto investor with several market cycles under my belt, I’ve learned to read between the lines when it comes to Bitcoin’s price movements. … Read more
As a seasoned crypto investor with a deep understanding of the regulatory landscape, I strongly support the Biden administration’s decision to veto H.J.Res. 109. The SEC’s SAB 121 is a crucial measure that ensures banks treat digital assets as assets on their balance sheets and maintain adequate capital against them. This rule was put in … Read more
Grayscale makes a U-turn on ETH futures ETF application Analysts offer divergent views on Grayscale’s move and SEC’s next play. As an experienced analyst, I believe that Grayscale’s withdrawal of its Ethereum futures ETF application adds another layer of uncertainty to the already complicated regulatory landscape surrounding Ethereum-backed Exchange Traded Funds (ETFs) in the US. … Read more
SEC pushes for punishment against Ripple. XRP has relapsed into a bear trend following attempts. As a long-term crypto investor with experience in the market, I’ve seen my fair share of regulatory battles and price fluctuations. The latest development in the Ripple vs. SEC saga has left me feeling uneasy about XRP‘s future. The conflict … Read more
In summary, most altcoins have been range-bound for several days with no clear directional bias. Some coins like Bitcoin, Ethereum, and Solana are trying to recover from recent losses while others like XRP, Dogecoin, Toncoin, Cardano, Avalanche, and Shiba Inu are struggling to maintain support levels. It is important to wait for a clear breakout … Read more