The FinTech Hub
Source: Coin Tegraph The United States Securities and Exchange Commission (SEC) released a statement on April 4 establishing guidelines for stablecoins. In an April 4 statement, the agency minted a new term, “covered stablecoins,” classifying them as non-securities and exempting such tokens’ transactions from reporting requirements. According to the SEC’s definition, a “covered stablecoin” is…
Source: The Verge President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions” and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization” of the US car fleet. Now that…
Source: Live Mint Two-day selloff puts S&P 500 down over 17% from record high Nasdaq Composite confirmed bear market on Friday Coming week sees tariff deadline, inflation data, bank earnings NEW YORK, April 4 (Reuters) – Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping…
Source: Coin Tegraph A group of investors with cryptocurrency custody and trading firm Bakkt Holdings filed a class-action lawsuit alleging false or misleading statements and a failure to disclose certain information. Lead plaintiff Guy Serge A. Franklin called for a jury trial as part of a complaint against Bakkt, senior adviser and former CEO Gavin…
Source: Coin Tegraph Stablecoins are “in a bull market of their own,” even as smart contract platforms — including Ethereum and Solana — sputter amid the marketwide tumult, asset manager VanEck said in an April 3 monthly note. The diminished activity on smart contract platforms reflects cooling market sentiment in cryptocurrencies and beyond as traders…
Source: The Verge French satellite network company Eutelsat has been providing Ukraine with much-needed internet access for almost a year with the help of the German government, Reuters reports. Eutelsat’s OneWeb division operates low-orbiting satellites that communicate with terrestrial terminals for internet connectivity — similarly to rival SpaceX’s Starlink network, which has been the primary…
Source: Live Mint (Bloomberg) — Luxury watch resellers say they’re seeing an uptick in interest in their products with the US poised to impose a 31% levy on Swiss exports to the US. John Reardon, the founder and CEO of Collectability, an online platform for pre-owned and vintage watches made by Switzerland’s Patek Philippe, said…
Source: The Verge AI companies can’t figure out if the Trump tariffs are about to decimate them – and the fact that no one has a clear answer is sending them, and the tech industry overall, into a confusion spiral. The markets are in disarray. Nvidia is down 7.59%, TSMC is down 7.22%. In San…
Source: Bitcoinist Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is currently trading above critical support, but bulls are struggling to reclaim the $90,000 level — a threshold that could signal the start of a meaningful recovery rally. Despite brief rebounds, BTC remains under pressure, with market sentiment still…
Source: Coin Tegraph The election of US President Donald Trump was supposed to usher in a golden era of crypto. Although the regulatory stars are aligning, the crypto industry just experienced its worst quarter in years. The prices of Bitcoin (BTC) and Ether (ETH) recorded their worst Q1 in seven years, market sentiment fell to…
