Author: SAMUEL
XRP gains fresh momentum after Ripple secures a new SEC waiver removing a Regulation D disqualification, paving the way for institutional integration, accelerating adoption, boosting capital-raising opportunities, and strengthening market confidence. Ripple Scores Another SEC Victory, Fueling XRP’s Push Into Institutional Portfolios The U.S. Securities and Exchange Commission (SEC) granted Ripple Labs a waiver on Aug. 8, 2025, from a Regulation D disqualification provision tied to a prior injunction. The case began with a complaint filed on Dec. 22, 2020, in the U.S. District Court for the Southern District of New York, in which the SEC alleged that Ripple’s sale…
Eric Trump mocked traders who were shorting ethereum as the cryptocurrency’s rally led to over $173 million in short contract losses. ETH Rally Obliterates Short Contracts On Aug. 8, Trump Organization Vice President Eric Trump mocked traders who were shorting Ethereum ( ETH) after the digital asset’s rally obliterated more than $173 million in short contracts. Writing on X, Trump said it puts “a smile on my face to see ETH shorts get smoked today.” He went on to advise traders to stop betting against both ETH and bitcoin ( BTC) and warned that those who disregard this “will be…
At 3:15 p.m. Eastern time, ethereum’s price stands at $4,250, supported by a market capitalization of $510.70 billion and a 24-hour trading volume of $32.21 billion. The day’s intraday range has fluctuated between $4,172.29 and $4,315.64, reflecting the heightened volatility and active participation across time frames. Ethereum The daily ethereum (ETH) chart reveals a strong bullish rally extending from approximately $2,500 to the recent peak at $4,336. However, the current price action shows a small red candle after this significant upward movement, suggesting possible short-term exhaustion. Key support lies between $4,000 and $4,050, marking the last consolidation area, while resistance…
The cryptocurrency market closed the week on a positive note, with its total market capitalization briefly exceeding $4 trillion. Ether and LINK were standout performers, rising over 21% and 33% respectively. Top Performers: ETH and LINK The cryptocurrency market closed the week higher, with its total market capitalization briefly surpassing the $4 trillion mark for the second time in two weeks. The market was driven by altcoins, many of which posted double-digit gains. These gains saw bitcoin ( BTC)’s dominance drop from nearly 62% on Aug. 3 to 57% by Aug. 9. Ethereum ( ETH) was one of the top…
The business community is gearing up to submit proposals for the 2026 budget to the Ministry of Finance ahead of the August 29, 2025, deadline. The Ghana Union of Traders Association (GUTA) says it will push for a further reduction in commercial lending rates and tax rates to ease the cost of doing business. The Finance Ministry is inviting contributions from business associations, professional bodies, financial institutions, civil society organisations, faith-based groups, and the general public to shape the 2026–2029 Budget Statement and Economic Policy. According to the Ministry, past submissions have significantly influenced national budgets. With the government targeting…
Latest Data from the Bank of Ghana’s latest Credit Reporting Activity Report indicates that Credit enquiries in Ghana surged to 29.5 million in 2024, marking a 114.6% increase from 13.7 million in 2023. This continued rise underscores the growing role of credit reporting as a key tool in institutional credit management of financial institutions. On a monthly basis, enquiries averaged 2.46 million, up 16.24% year-on-year, with the 2023 monthly average standing at 2,114,636. In terms of borrower profiles and reporting activity, individuals accounted for 55% of searches, while 44% targeted digital loan customers, underscoring the growing influence of fintech-driven credit…
Tullow Oil has reported a loss after tax of $61 million for the first half of 2025, a sharp reversal from the $196 million profit recorded in the same period last year. The downturn was attributed to lower oil prices, reduced production volumes, and higher maintenance costs. Revenue for the period dropped to $524 million, down from $759 million in the first half of 2024. The decline reflects a fall in average realised oil prices to $69.0 per barrel, compared to $77.7 per barrel in the prior year, coupled with a decrease in production volumes. Working interest production for the…
Last week’s Treasury bill auction ended in an undersubscription, with total demand falling 22.12% short of target. The result breaks a streak of three consecutive oversubscriptions and follows a sharp drop in the interest rate offered on the 56-day Bank of Ghana (BoG) bill. According to the latest BoG data, the government sought to raise GHS 8.58 billion but secured GHS 6.69 billion. Out of GHS 5.02 billion in bids for the 91-day bill, GHS 4.99 billion was accepted. For the 182-day bill, GHS 1.23 billion was taken from GHS 1.37 billion in bids, while the 364-day bill recorded GHS…
General Manager of Kwara United, Mallam Bashir Badawiy, is confident his side will clear the Asante Kotoko hurdle in the preliminary stage of this year’s CAF Confederation Cup. Speaking exclusively to Akoma FM, Badawiy played down the influence of home support, insisting that mentality — not the size of the crowd — is what determines success on the pitch. “We were in Sudan with a full-capacity crowd. We also played in Berkane, Morocco, against one of the best clubs there, and we almost qualified. It’s not about the crowd; it’s about mentality. If you can’t play in front of a…
A new feature on Instagram that let’s users share their real-time physical location with others on the app has privacy experts concerned over the amount of data exposed and potential safety risks to users. Called Instagram Map, the new feature was introduced on Thursday as part of an app update. On its blog, the company says the location-sharing tool makes it “easier for you and your friends to stay in touch through the content you’re enjoying on Instagram.” “You can opt into sharing your last active location with friends you pick, and you can turn it off anytime,” Instagram said…