Author: Crypto News

Last updated: April 18, 2024 09:59 EDT | 2 min read Tether, the operator behind USDT, the world’s largest stablecoin by market value, has announced a significant restructuring to expand its scope beyond stablecoin development. This strategic move by Tether includes the introduction of four new business divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu.Tether Announces Major Restructuring, Introducing Four New Business Divisions Introducing the new era of Tether! Beyond #stablecoins, we’re redefining finance with Tether finance 💸, powering change with Tether power 🔋, enlightening minds with Tether edu 📚, and innovating data with Tether data 🌐. Tether, unstoppable together👉 https://t.co/HFmwdeLpoR…

Last updated: April 18, 2024 05:56 EDT | 1 min read Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.In an announcement, the firm said it has launched ‘Protected Co-Signing’ service to help reduce the risk in digital asset transactions.Coincover said it is working with Onramp, a bitcoin asset-management platform, the first form to use the new security protection. Protected Co-Signing is being made available to all custody platforms that use key material distributed between multiple entities to sign transactions. We…

There are very few sectors in which the impact of AI is felt more than the cryptocurrency and blockchain sector. As the demand for AI products and utility increases, so does the appetite of investors to grab their piece of the pie.This has led many large investors, and small ones, to seek out crossover investments that intersect two of the fastest growing sectors in the world–Crypto and AI. Bittensor, whose TAO token has topped a whopping $3.5B market cap in recent days, is one such investment that has brought in hundreds of millions from Venture Capital firms.As the TAO tsunami…

Last updated: April 18, 2024 05:48 EDT | 2 min read Blockchain analytics platform Santiment has suggested that the current bearish sentiment surrounding Bitcoin may soon be overturned.In a recent post, Santiment highlighted the historical tendency of prices to move in the opposite direction of mass traders’ expectations. According to the platform, the market could potentially bottom out right before or shortly after the highly anticipated halving event, expected to occur within the next two days.Santiment’s analysis is based on data gathered from various social media platforms such as Telegram, Reddit, X, and 4Chan. By tracking keywords and topics that generate interest within…

Last updated: April 18, 2024 05:18 EDT | 3 min read Bitcoin Price Prediction As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates. This positions Bitcoin at a precarious juncture, especially as the market braces for the April 20 halving, expected to slash mining rewards. This event and the dollar’s strength may heavily influence upcoming Bitcoin price prediction, pressing investors to closely monitor both market reactions and…

Last updated: April 18, 2024 02:17 EDT | 3 min read Solana news reveals that Solana’s NFT ecosystem has outperformed Bitcoin and Ethereum despite SOL’s bearish momentum. Meanwhile, Cardano price prediction indicates that Cardano (ADA) may drop by more than 30% due to the market’s volatility. Unsurprisingly, investors have crowned Algotech (ALGT) as the best presale token. Find out how Algotech’s presale is outshining Solana (SOL) and Cardano (ADA).Algotech (ALGT) Surges Ahead as the Crypto Market’s Most Profitable TokenIn today’s financial world, algorithmic trading platforms are crucial for traders and investors. The conventional method of relying on human intuition in…

Last updated: April 18, 2024 01:41 EDT | 2 min read Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday.The investigation, which spanned from 2020 to 2023 and focused on data center operations, revealed that they deliberately exploited tax incentives for which they were ineligible.Patrik Lillqvist, head of the agency’s intelligence unit, explained that the companies’ actions constituted an attempt to secure undue tax advantages. In response, the agency is demanding an additional 990 million Swedish krona ($91 million) in taxes, including value-added tax (VAT) and surcharges.The…

Last updated: April 18, 2024 00:24 EDT | 1 min read Hidden Road Partners, Citadel Securities-backed prime brokerage, plans to raise $120 million in its Series B funding round, aiming for a market valuation of $1 billion.According to a Bloomberg report, sources familiar with the matter, who requested anonymity due to the information sensitivity, stated that the Citadel Securities-backed prime brokerage firm is seeking to expand its offerings in the cryptocurrency and foreign exchange markets.Hidden Road Seeks About $120 MillionThe round is currently projected to raise about $120 million, according to two of the people. A Hidden Road representative declined…

Last updated: April 18, 2024 00:19 EDT | 1 min read Crypto exchange Binance is considering re-entering India’s market after having been banned there in late 2023. The potential re-entry would involve a penalty of about $2m, the Economic Times reported Thursday.The platform’s return would be contingent upon registration with the finance ministry’s Financial Intelligence Unit (FIU). The FIU is responsible for supervising virtual asset commerce.A source informed the outlet that Binance intends to adhere to all relevant legislation, including the Prevention of Money Laundering Act (PMLA) and the crypto taxation framework. Prior to this, Binance had been neglecting these…

Last updated: April 17, 2024 23:00 EDT | 1 min read An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer.Per Law TV News, police say the suspect – aged in his 40s – “lured” a victim to Seoul’s affluent Gangnam District before stealing the money.Escaped South Korean Criminal ‘Had Help from Others’The Ministry of Justice said on April 17 that the suspect was being held at the Seoul Detention Center on fraud charges.The center allowed the suspect to leave in November 2023 to attend his father’s funeral.…