Author: John Smith

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…

This week, two Swedish lawmakers urged the country’s finance minister to consider adding Bitcoin to Sweden’s reserves. Sweden Democrat Member of the Riksdag Dennis Dioukarev and MP Rickard Nordin have issued open letters to Finance Minister Elisabeth Svantesson, pushing for a national strategy that embraces Bitcoin as part of the country’s future financial planning. Dioukarev’s letter, submitted on April 14, proposed that Sweden begin accumulating Bitcoin using confiscated crypto assets. He pointed to similar efforts in other countries, notably the United States, which recently launched a national Bitcoin reserve funded through seized funds.  “This is a trend seen in many…

Cryptocurrency exchanges Binance, KuCoin alerted users about temporary interruptions that may result in partial execution of trading orders. Binance, one of the world’s largest cryptocurrency exchanges, said it had temporarily paused withdrawals due to technical issues linked to its cloud service provider. In an X post on Tuesday, the trading platform said it’s “aware of an issue impacting some services on the Binance platform due to a temporary network interruption in the AWS data center.” We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center.Some orders…

Spot Bitcoin ETFs in the U.S. saw a return to inflows on April 14 as investor sentiment picked up after the government rolled back tariffs on Chinese tech products like smartphones and computers. According to SoSoValue data, the 12 spot Bitcoin ETFs brought in a modest $1.47 million in net inflows on Monday, breaking a seven-day outflow streak that saw $878 million pulled out. BlackRock’s IBIT led the gains with $36.72 million in inflows, but Fidelity’s FBTC offset most of that by seeing $35.25 million in outflows. The other ETFs had pretty quiet trading days. The overall daily trading volume…