Banks to keep more reserve if they deal with Crypto

The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…

ChatGPT Bitcoin Rap Song is Catchy and Awesome !

If you’ve been living under a rock, there’s this thing known as ChatGpt.  ChatGPT is a conversational AI language model developed by OpenAI. The model is based on the transformer architecture, which is a deep learning architecture that has proven…

These four factors are contributing to the current price of Bitcoin

Bitcoin printed the big green monthly candle of January with a crazy gain of 43%. Bitcoin recorded the highest monthly ROI after 14 months and 49% YTD. A lot of factors participated in this rally and I will be covering…

Crypto Industry is Under Siege by Regulators

Crypto has always been under attack from the day it was created. It has survived despite the odds due to the support of users who believe in financial freedom.  The U.S. government is currently using several tactics in its arsenal in…

Stablecoin Issuer Paxos in a Pickle by SEC

Paxos, a New York-based technology and financial company, is in a pickle after the Security and Exchange Commission (SEC) stated that it plans to sue the company for regulatory violations over its issuance of a stablecoin.  This seems to be…

Can Bitcoin Make You Rich?

The use of objects with perceived value as a medium of exchange dates back to ancient times.  It is believed that our ancestors traded using the barter system before money was used.  We are now in the digital assets and…

Price Analysis for Bitcoin (BTC) Ethereum (ETH) and (Binance Coin) BNB

Crypto Total Market Capitalization has lost more than $36 Billion in the last two weeks, currently hovering around $971 Billion after testing a high of $1.06 Trillion last month. Bitcoin (BTC) closed above 20 Weekly Moving Average for the first…

Bitcoin Plummets below $22,000 with ECB and SEC Press Release

The European Central bank raised interest rates by 50 basis points which mean 0.50%, effective from February 8th as per confirmed in the ECB press release earlier this week. This week Bitcoin closed in red loosing 7% of its value…

Why Crypto Rally took a Sudden Pause?

Crypto’s total market capitalization surpassed $1 trillion as of February 02. But all of a sudden Bitcoin, Ethereum, and other major cryptocurrencies paused along with stock markets. Both crypto investors and stock market investors are disappointed with the unfavorable results of the…

Bitcoin is an Insurance Policy to Protect Purchasing Power and Wealth – Cathie Wood

People listen when a veteran investor who has $60 billion under management makes a prediction.   Cathie Wood, founder and CEO of Ark Invest, remains bullish on Bitcoin (BTC).  She even went further and described the number one cryptocurrency as an…