Crypto Today 53

Bitcoin Halving now and other news

By Yugocean | Crypto Today | 19 Apr 2024

Bitcoin Halving Now

     The Bicoin halving is almost there, yet the price of Bitcoin is behaving strangely. After the halving, miners' earnings will be halved, and mining will become more difficult. Historically, there has been a significant increase in the value of BTC following each halving, but the present bull-bear battls appears to be reducing the prospects of a price increase.




Stablecoin and Business 

Tether wants Audit by Big 4

    DL news report says Tether CEO Paolo Ardoino wants to have Tether audited by one of the Big Four accounting firms - Deloitte, PwC, Ernst & Young , and KPMG. However, none of them is willing to work with Tether.

   I think the reason is that many analysts accuse Tether of fraud and supporting terrorists, moreover anti crypto politicians like Elizabeth Warren are shamming crypto audits.Henceforth big companies do not want to get involved with it.


Binance News

  Binance enters India amid the heavy tax controversy

    Binance has recently paid a $2 million fine to the Indian government in order to return to India. Official announcement is yet to be made.

  After KuCoin, Binance is the second offshore exchange that has decided to accept the government's demand to impose the heavy tax on Indian users.

 ० Indian Crypto Tax: 1% TDS on every trade without relief on losses as well as 30% income tax on every profit, no matter how low the profit is.

 ० Public Response: Binance is receiving a mixed response, with the majority planning to quit Binance. 

 Binance utilises USDC for SAFU

     To increase stability in the slumping market, Binance converted the $1 billion SAFU wallet into USDC. Binance's decision of selecting USDC over BNB, USDT, FDUSD, or TUSD could open up an enormous opportunity for USDC.

Binance's Announcement

 Binance FZE got approval in Dubai

   Dubai, in the UAE, is becoming a crypto hub, and all crypto companies are taking an interest in it. The largest offshore exchange, Binance's Dubai subsidiary, Binance FZE, has also successfully obtained a full regulatory licence (VASP) with authority to operate in Dubai.




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