Day: April 11, 2025

Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

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US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines. Albert Saniger of Barcelona, Spain, founder and former CEO of the company Nate, was charged with one count of securities fraud and wire fraud, the Justice Department said in an April 9 statement, while the Securities and Exchange Commission filed a parallel civil action. Court documents said Saniger founded Nate around 2018 and launched an app of the same name in July 2020, marketing…

Sui Blockchain Prepares for Quantum Computing Challenges

Rongchai Wang Apr 11, 2025 14:15 Sui blockchain is enhancing its cryptographic systems to tackle the looming threat of quantum computing, ensuring long-term data security and integrity. The impending advancement of quantum computing presents a significant challenge to existing cryptographic systems, including those utilized by blockchains. As these powerful machines become capable of breaking traditional encryption methods, blockchain projects like Sui are taking proactive steps to secure their platforms. According to Mysten Labs, Sui is designed with cryptographic agility, enabling it to…

S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor

For years, Wall Street criticized bitcoin (BTC) for its volatility, but the situation has dramatically changed as President Donald Trump’s aggressive trade policies diminish the appeal of U.S. assets. Since Trump’s Liberation Day tariff announcement on April 2, the seven-day realized volatility of the S&P 500, Wall Street’s benchmark equity index, has surged from an annualized 50% to 169%, according to data from TradingView. That’s the highest level since the coronavirus crash in 2020. BTC’s seven-day realized volatility has doubled to 83%, yet it remains significantly lower than the S&P…

Bitcoiners’ ‘bullish impulse’ on recession may be premature: 10x Research

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It may be too early for Bitcoiners to start getting bullish over the longer-term impacts of a potential recession on Bitcoin’s price, says 10x Research head of research Markus Thielen. Thielen said in an April 11 markets report that credit spreads continue to widen, indicating that “recessionary concerns may be seeping deeper into the economy.” “Expecting a bullish impulse is too early,” he said. Bitcoin may face short-term headwinds While the long-term effects of a recession could be bullish for Bitcoin (BTC) — due to the monetary easing that typically…

Democrats slam DOJ’s ‘grave mistake’ in disbanding crypto crime unit

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Crypto-critical US Senator Elizabeth Warren has led six Senate Democrats in urging the Department of Justice to reverse its decision to terminate its crypto investigations and prosecutions division. In an April 10 letter to Deputy Attorney General Todd Blanche, the Senators said the decision to disband the department’s National Cryptocurrency Enforcement Team was a “grave mistake” that would support “sanctions evasion, drug trafficking, scams, and child sexual exploitation.” Senators Richard Durbin, Mazie Hirono, Sheldon Whitehouse, Christopher Coons and Richard Blumenthal signed the letter in addition to Warren. On April 7,…

BNB Price Recovery in Motion—Uphill Battle Ahead Near Crucial $600 Level

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum ‘Set For Potential Rally’ After 10% Surge

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum (ETH) has recovered 10% in the past 24 hours, driven by the US administration’s 90-day pause on the trade tariffs for over 75 nations. The second-largest crypto by…

FDIC Clears Crypto Runway With New Blockchain Policy Shift

The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the […] Source CryptoX Portal

Crypto gaming has mixed Q1 as deals jump, investment totals dip: DappRadar

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Blockchain gaming for the first quarter of 2025 has been a “mixed bag,” seeing a greater number of deals while the amount invested significantly dipped, says blockchain analytics platform DappRadar. Web3 gaming projects raised $91 million in Q1 2025, marking a 71% decrease from the fourth quarter of 2024 and a 68% drop compared to the same quarter a year ago, DappRadar said in its April 10 State of Blockchain Gaming report. DappRadar analyst Sara Gherghelas wrote the figures showed “the growing pressure on early-stage startups and hint that 2025…

XRP Price Ready to Run? Bulls Eyes Fresh Gains Amid Bullish Setup

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…