Top tech news today: 29 April, 2025

1. Fintech earnings reveal concerns over tariffs

Focus shifts to tariffs and regulatory changes as PayPal and Affirm report earnings, highlighting the impact of market uncertainty on fintech. Source

2. Tether remains dominant despite competition

Despite growing competition, Tether continues to dominate the stablecoin market, maintaining its lead over other competitors in the crypto space. Source

3. Bitcoin holds strong amid rising tensions

Bitcoin remains stable even as economic data worsens and tensions rise between India and Pakistan, showing resilience in uncertain times. Source

4. Tether’s gold-backed XAUT stablecoin grows

Tether’s XAUT stablecoin is now fully backed by 77 tons of gold, worth $770 million, stored in a Swiss vault, enhancing stability. Source

5. Kraken’s former legal chief joins Pantera Capital

Marco Santori, Kraken’s ex-legal head, joins Pantera Capital to strengthen the firm’s legal strategy as it navigates the growing cryptocurrency market. Source

6. Standard Chartered predicts Bitcoin hits $120k

Standard Chartered predicts Bitcoin could hit a new record high of $120,000 in Q2, citing growing investor interest and market adoption. Source

7. Octopus Group may enter UK mobile market

Octopus Group is reportedly planning to expand into the UK mobile market, signaling potential disruption in the telecoms sector. Source

8. Khazna targets 25% Saudi data centre market

Khazna aims to capture 25% of Saudi Arabia’s data centre market through an ambitious expansion strategy to meet increasing demand. Source

9. Vodafone enhances customer experience with AI

Vodafone collaborates with ServiceNow to improve customer experience through AI-powered service automation, enhancing efficiency. Source

10. Orange and Camusat partner on telecom decarbonisation

Orange teams up with Camusat to accelerate the decarbonisation of telecom infrastructure, helping reduce emissions in the sector. Source

11. Freemove and du sign key deal

Freemove and du have signed a significant deal to improve mobile services and foster cross-border collaboration in the telecom industry. Source

12. Ethio Telecom’s IPO falls short of expectations

Ethio Telecom’s highly anticipated IPO missed expectations, despite strong interest, due to undervaluation concerns. Source

13. Arqit and Intel launch quantum-safe cloud security

Arqit and Intel announce a new quantum-safe cloud security solution, aimed at safeguarding digital infrastructures against future quantum threats. Source

14. Octopus close to MVNO deal

Octopus Group is reportedly in advanced talks to secure a mobile virtual network operator (MVNO) deal, expanding its telecom footprint. Source

15. China escalates chip tensions with US

China continues to escalate tensions with the US over advanced chip technology, highlighting the ongoing trade rivalry between the two nations. Source

16. Ethio Telecom IPO disappoints with underwhelming results

Ethio Telecom’s IPO failed to meet market expectations, showing lower-than-expected investor demand, despite high anticipation. Source