Author: Crypto News

Last updated: April 10, 2024 01:57 EDT | 1 min read Investors in Germany are regaining optimism and confidence in crypto following a challenging period for the market last year. Still, some reservations persist.A recent KPMG study conducted with BTC-ECHO surveyed about 2,400 private crypto investors across Germany, Austria, and Switzerland. The findings reveal a notable surge in crypto interest, with about 54% of respondents allocating over 20% of their total assets to crypto investments.The resurgence in optimism comes as Bitcoin recently hit a record high above $72k. This was driven by spot Bitcoin ETFs’ success and anticipation surrounding the…

Last updated: April 10, 2024 01:53 EDT | 2 min read VanEck CEO Jan van Eck has expressed doubt regarding the approval of spot Ether exchange-traded funds (ETFs) by the United States Securities and Exchange Commission in May. In an interview with CNBC on April 9, van Eck stated that his firm’s spot Ethereum ETF application will “probably be rejected.”VanEck, alongside Cathie Wood’s ARK Invest, was among the first to file for a spot Ether ETF in the United States. Both firms are currently awaiting a final decision, scheduled for May 23 and May 24, respectively. van Eck Says There Has Been a Lack…

Last updated: April 9, 2024 23:00 EDT | 2 min read South Korean regulators want to block traders from dumping stolen coins on the country’s crypto exchanges.The move follows news from earlier this month, when regulators in the nation said they wanted to stop trading platforms from listing hacked tokens.Per News1, the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC) want to move following a suspected hack on the NFPrompt (NFP) platform last month.A South Korean trader, some claim, knowingly bought NFP coins from a hacker, which they then reportedly “dumped” on the Coinone exchange.South Korean Regulators Respond…

Last updated: April 9, 2024 22:18 EDT | 2 min read Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X AccountFollowing a bearish day of price action amongst blue-chip cryptocurrencies, traders looking to turn a quick profit are flocking in droves to the on-chain micro-cap markets as they hunt for top crypto gainers today.Bitcoin (BTC) fell back from Monday’s highs near $73,000 to under $69,000 as of late Tuesday trade.Profit-taking as Bitcoin tested the upper bounds of its recent multi-week range appeared to be at play.With CPI coming up later this week and the…

Last updated: April 9, 2024 19:30 EDT | 3 min read South Korean election results could hinge on the voting intentions of the country’s 6 million crypto traders, reports claimed April 9.The nation goes to the polls on April 10 to vote in legislative elections, with both major parties making crypto-related manifesto pledges.South Korean Election: Crypto a Key Battleground?Crypto policy has changed rapidly in South Korea in the past few years, due mainly to closely fought elections.While older citizens outnumber the young in South Korea, younger citizens tend to be politically unaffiliated.As such, the youth is considered a decisive swing…

Last updated: April 9, 2024 18:48 EDT | 1 min read Source: AdobeStock / photo_gonzo Bitcoin (BTC) development company MicroStrategy may be planning to dilute shareholder value after the price of its stock and convertible bonds skyrocketed in recent months.MicroStrategy’s Convertible BondsSince January 1, MSTR has surged 110% to $1440 per share. Meanwhile, its convertible bonds – issued in late 2020 to raise $650 million – now trade for over three times their par value, which is based on their conversion price of $397.99.A “convertible bond” is a debt instrument that acts like a regular bond with a fixed interest…

Last updated: April 9, 2024 17:19 EDT | 2 min read Senator Tim Scott (R-SC) called cryptocurrencies a “scapegoat” for the federal government’s concerns about illicit finance, according to his testimony from a Tuesday crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs.During the hearing focused on countering illicit finance, terrorism, and sanctions evasions, Deputy Secretary of the Department of the Treasury Adewale O. Adeyemo requested additional tools to combat rising unlawful cryptocurrency use, including the ability to “reach extraterritorially” when digital assets harm U.S. interests.Senator Tim Scott Questions U.S. Treasury On Crypto “Scapegoat”…

Last updated: April 9, 2024 15:56 EDT | 2 min read Blockchain security platform CertiK uncovered a Telegram vulnerability on April 9 that allows hackers to deploy a remote code execution (RCE) attack through “specially crafted media files, such as images or videos.”CertiK’s Discovery Reveals Telegram VulnerabilityCertiK raised the alarm in an X post, describing the RCE attack as a “high-risk vulnerability in the wild.” An RCE vulnerability allows an attacker to execute arbitrary code on a remote device, which can lead to various levels of damage.The security firm told the media that the RCE attack was exclusive to Telegram’s desktop…

Last updated: April 9, 2024 14:49 EDT | 3 min read Cryptocurrency prices for Neo, Dogwifhat, Toncoin are trending upward amid bullish developments that make them strong prospects for the best crypto to buy now. Image by cryptonews.com. As major cryptocurrencies pull sharply lower on Tuesday, with Bitcoin (BTC) and Ether (ETH) both down in the region of 4% in the past 24 hours, traders are looking for the best crypto to buy now to make quick gains.Bitcoin was last trading just below $69,000 and Ether back near $3,500. Meanwhile, BNB, Solana and Dogecoin were each down in the region…

Last updated: April 9, 2024 14:32 EDT | 2 min read Defiance ETFs applied for yet another leveraged crypto ETF on Monday – this time centered around Ethereum (ETH), rather than Bitcoin (BTC).Per a Monday filing with the U.S. Securities and Exchange Commission (SEC), the Defiance 2X Ether Strategy ETF is an ETH Futures ETF that seeks to double the daily performance of the rolling CME Ether Futures Index. That means exaggerated gains on Ether’s strong days, but pronounced losses during selloffs.Defiance ETFs Making Waves“Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded…