Author: John Smith

The Euro-based stablecoin market is growing as traders move away from the dollar amid trade uncertainty. Europe’s stablecoin market is slowly shifting away from the dollar. On Tuesday, April 15, Circle’s EURC stablecoin hit an all-time high supply of $248 million in supply. This makes it the largest euro-denominated stablecoin in circulation, putting it ahead of USD-based stablecoins such as USDG. The growth coincides with rising concerns about the EU’s trade relations with the U.S. amid ongoing tariff tensions. Traders, especially those in Europe and Asia, are increasingly opting for alternatives to the U.S. dollar that are less exposed to…

As Bhutan battles youth migration and economic strain, its prime minister says Bitcoin mining offers a path forward, and others should follow. Bhutan, a Buddhist kingdom on the eastern edge of the Himalayas known for its monasteries, seems to be placing a strong bet on Bitcoin (BTC) as a possible way to ease its economic problems despite the notorious risks linked to the cryptocurrency’s price swings. In an interview with Al Jazeera, Bhutanese prime minister Tshering Tobgay called state-backed Bitcoin mining “a simple strategic choice that many people have made and earned billions of dollars,” adding that “governments should do…

Decentralized crypto exchange KiloEx says it’s tracking the hacker’s wallets and is ready to escalate the case if the funds aren’t returned. KiloEx, which was targeted in a cross-chain attack, has offered the hacker a deal to return the stolen funds, threatening further action if the funds are not returned. The protocol, backed by YZi Labs (formerly known as Binance Labs), was exploited for around $7.4 million in a breach earlier on Monday. KiloEx confirmed the breach, acknowledging a vulnerability in its price oracle system as the root cause. The platform has since suspended its activities and initiated cooperation with…

Despite ongoing macroeconomic uncertainty and regulatory challenges, the market caps of the two leading stablecoins USDT and USDS has seen substantial growth over the past eight months. Despite the current volatility in the crypto market, fueled by macroeconomic uncertainty induced by the ongoing trade war, capital continues to flow into the ecosystem through stablecoins. A chart released by Matrixport on April 15 highlights sustained growth in the market caps of the two biggest stablecoins Tether (USDT) and Circle’s USD Coin (USDC) over the past eight months. This suggests that liquidity keeps flowing into crypto even though digital assets’ prices have…

Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds after the exchange announced it would be suspending withdrawals on April 9. The platform cited a “security breach” and promised users a full return on damages by April 15. However, many traders saw their account balances drop to zero following the suspension. Videos circulating on social media platforms showed traders in tears upon finding out they have lost all their…

Monerium has partnered with blockchain analytics firm Elliptic to boost compliance and real-time monitoring for its EURe stablecoin. Monerium, the issuer of the EURe stablecoin, is teaming up with British blockchain forensic firm Elliptic to strengthen its compliance systems and manage regulatory risks as it expands services across blockchain networks. In a press release shared with crypto.news, Monerium said the move aligns with its efforts to meed more demand following its recent virtual asset service provider license approval. To support that growth, the company will use Elliptic’s Lens, Investigator, and Navigator tools for automated anti-money laundering screening, real-time monitoring, and…

Fartcoin is on track to reclaiming the key $1 psychological level as it holds firmly above key moving averages, defying broader macroeconomic uncertainty. Fartcoin (FARTCOIN) has been in the spotlight recently, consistently emerging as the top gainer on CoinMarketCap and CoinGecko despite the broader macroeconomic uncertainty due to Trump’s tariffs. Currently trading at around $0.92, FARTCOIN is up 7% over the past 24 hours, 60% in the past week, and 160% over the past month. It’s now trending back toward the key psychological resistance at $1—a level it last approached in late January. After closing below the $1 mark on…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The securities market is riddled with regulatory noncompliance cases. Despite existing elaborate global and national securities regulation frameworks, regulators face steep enforcement challenges. Besides individual losses, noncompliance erodes credibility and negatively impacts the markets. Asset tokenization using distributed ledger technology instills market discipline through inherently compliant financial instruments. It ensures effective regulatory enforcement through blockchain-based KYC/AML, transparent reporting mechanisms, and immutable data history. Ineffective regulatory enforcement spells financial doom The 2008 financial crisis demonstrates the need to…

Satoshi Act Fund co-founder, Dennis Porter, believes the market structure legislation will be a ‘massive boon’ for Bitcoin because it will bring in more capital. In a recent post on April 15, the Bitcoin (BTC) advocate said that market structure legislation will be able to open “the flood gates” for capital. He believes that regulatory clarity will lure in more investors to inject capital inflows into the market, paving the way for a bullish season for BTC. “Once signed into law, the flood gates will be wide open and the rush of capital will be like nothing you’ve ever seen…

Binance-backed KernelDAO faced a sharp sell-off right after its token KERNEL started trading on Binance following its token generation event. KERNEL’s debut on Binance was met with a swift sell-off as Airdrop recipients offloaded their holdings. The token fell by nearly 44% to a session low of $0.262, bringing its market cap down to $48.6 million. The launch triggered a frenzy of activity, with 24-hour trading volume surging to nearly $380 million. At the time, around 149.8 million KERNEL tokens were in circulation. KERNEL began trading on April 14 with multiple pairs, including KERNEL/USDT and KERNEL/BNB. Beyond spot trading, Binance…