Category: crypto

Tether CEO Paolo Ardoino believes Tether is a crucial ally for the US in maintaining the dollar’s dominance globally. He highlighted Tether’s growth and transparency, as well as its role in spreading the US dollar’s presence in emerging markets. Ardoino also warned of the potential threat posed by BRICS launching a gold-backed currency.

Bitcoin ETFs have faced challenges in March with ongoing outflows due to concerns about interest rates and policy changes. This has led to a turbulent period for Bitcoin.

Hyperliquid reported a $4 million loss in its Liquidity Provider vaults within 24 hours following a major liquidation event involving a high-risk trader. The HYPE token dropped over 3% in response. A trader opened a large leveraged long position of 175,000 ETH, leading to significant liquidations. Despite this, the trader still managed to close with…

Binance, the largest crypto exchange, received a $2 billion investment from Abu Dhabi-based MGX, marking the largest ever investment in a crypto company. The deal grants MGX a minority stake in Binance and aligns with their goal of merging AI with blockchain technology. The investment strengthens Binance’s market position and supports the UAE’s digital asset…

The US SEC is close to settling a lawsuit against Ripple, causing XRP price to rise. Ripple is negotiating for more favorable terms after a ruling by Judge Analisa Torres. The SEC has halted lawsuits against crypto firms, signaling a shift in stance. XRP is ranked #4 by market cap.

The Bank of Russia has proposed a three-year experimental legal framework allowing limited investors to trade cryptocurrencies. The initiative aims to enhance market transparency and expand investment opportunities for experienced traders. The proposal includes penalties for violations and a ban on retail crypto payments. The government has yet to approve the plan.

Public corporations held 592,112 BTC in 2024, twice as much as the previous five years combined. Notably, Strategy’s stash accounted for a significant portion. Institutional Bitcoin holdings saw a significant increase, with governments and ETP managers contributing to the overall leap to 2,802,135 BTC by the end of 2024.

Indian authorities have arrested Garantex co-founder Aleksej Besciokov in Kerala for allegedly laundering billions through the crypto exchange. US and European authorities seized Garantex in a crackdown on alleged money laundering activities. Besciokov is accused of operating an unlicensed money-transmitting business and facilitating illicit transactions for criminal organizations.

The US House of Representatives voted to overturn the controversial DeFi broker rule introduced by the IRS under President Biden’s administration. The bipartisan measure passed with 292 lawmakers in favor and 132 opposed. Critics argued the rule was impractical for DeFi platforms. The Senate also voted to overturn it, with White House support. Crypto community…

Running open-source AI models locally is currently less convenient than using cloud-based services. However, local AI models offer enhanced security and control over sensitive data processing, becoming increasingly important as the AI industry grows. Google’s Gemma 3 release offers advanced capabilities for locally deployable AI, catering to various user needs and preferences.