Bull
Regulatory clarity will drive the next bull run — hedge fund co-founder
A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United States — which he expects to happen in early 2023. Speaking to Cointelegraph, the former head of valuation risk at Credit Suisse, CK Cheng said some of the regulatory efforts underway in the United States will soon “open the doors” of traditional finance to crypto. Cheng is a former executive at investment bank Credit Suisse who left his role in July 2021 to co-found ZX Squared Capital, a crypto hedge fund targeting family offices and high-net-worth individual clients. Cheng said there has been a recent sea change in traditional institutions’ stance towards crypto, with many dipping their toes into the crypto waters for the first time. In August, one of the world’s ...
How to trade crypto using BTC dominance?
Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies. This post will offer insight on how to trade cryptocurrency while utilizing the Bitcoin dominance indicator and how to read the Bitcoin dominance index chart overall. What is the BTC dominance chart? Bitcoin dominance is uncovered by comparing Bitcoin’s market capitalization to the capitalization of the entire crypto market. The higher Bitcoin’s market capitalization the more Bitcoin dominance is at play, and we have the answer t...
Nigeria’s president under fire over surging violence
With his country ensnared in mounting jihadist violence, bandit attacks and kidnappings, Nigerian President Muhammadu Buhari is under fire from allies and enemies alike for appearing incapable of tackling the security crisis. April saw an almost daily toll of bloody assaults and abductions in Africa’s most populous nation. In the past week alone, at least 240 people have been killed and more than four dozen kidnapped, according to tallies by local media. The fatalities included 19 Fulani herders gunned down in southeastern Anambra state; five students in the northwest who were shot to death days after gunmen snatched them from their campus; 31 troops, slain in a jihadist ambush in the Lake Chad region; and nine police killed by cattle thieves in northwestern Kebbi state. Senators, local go...
Gani Adams: Nigeria’s 1999 Constitution is satanic
File Photo The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has called for the correction of the 1999 Constitution for peace to reign in Nigeria. Adams who described the constitution as satanic added that it is a wrong structure which Nigeria is running on. He said this in an interview on a Channels TV programme on Wednesday. “The major problem now is that Nigeria is being run on the basis of a wrong structure and on the basis of a wrong constitution,” he said. “The constitution of 1999 is wicked, it is satanic. If we don’t correct it, I can’t guarantee that peace will be in this country.” Adams also spoke on the necessity of the notice issued by the Ondo State Governor, Rotimi Akeredolu, which required herdsmen to vacate the forest reserves in the state. “If the Governor did not give t...
