Finance world news

Cryptonews

Tether expects to post $700 million profit in the first quarter

Photo by Shubham's Web3 / Unsplash

Tether chief technology officer Paolo Ardoino said that the company's expected profit for the first quarter of this year is $700 million. With that in mind, the total overcollateralisation of the USDT stabelcoin would be $1.6 billion.

Read next

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of