Bitcoin caught in the crossfire as Turkish opposition leader voices support

Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for the digital currency.  As reported by Cointelegraph, Turkey’s central bank announced this morning that, starting on April 30th, any cryptocurrency payments and fiat-to-crypto onramp transactions will be rendered illegal. Additionally, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be prohibited.…

Dogecoin (DOGE) hits a new ATH as Bitcoin bulls try to flip $63K to support

The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market’s most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today’s post-pandemic business reopenings.  Data from Cryptox Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on April 13 to an intraday high of $0.0961 on $5.4 billion of trading…

NFTs by mail? US Postal Service plans to support postage tokens

The United States Postal Service will soon be stepping into the nonfungible token market. Not to release artwork or music, but rather to help customers purchase postage. In an announcement on Tuesday, communications-as-a-service platform CaseMail said the USPS had certified its postage nonfungible tokens, or NFTs, for use in the United States. The tokens are digitally stamped on the USPS’ ePostage labels and the physical item being mailed, creating a verifiable chain of custody for digital and physical assets, as all data is recorded on the blockchain. “Using NFTs to…

Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee – Press release Bitcoin News

press release PRESS RELEASE. YFX.COM is the world’s first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without a central intermediary. YFX.COM does this by taking advantage of different protocols across the cryptocurrency landscape. Through a culmination of blockchain protocols YFX.COM is allowing traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptos are available to be traded across these blockchains currently, Ethereum, Tron,…

Revolut Adds Support for 11 Cryptocurrencies in UK and EU

Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%. Amidst growing interest in cryptocurrencies and their trading, Revolut has added new tokens. Those added are Cardano, Filecoin, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, The Graph and Uniswap. The digital banking service provider defined the new listings as hot tokens and top movers. The tokens will be offered…

Coinbase Bump Alert: 4 Altcoins Rally After Receiving Sudden Support From Top Crypto Exchange

Four altcoins are rallying after receiving unexpected support from Coinbase, the largest crypto exchange in the US. The San Francisco-based exchange revealed it will be launching support for 1inch (1INCH), Enjin Coin (ENJ), NKN, and Origin token (OGN) today on Coinbase Pro as long as liquidity conditions are met. Following the news, all four altcoins subsequently experienced what’s often referred to as the Coinbase bump, which is when a crypto asset significantly spikes in price after being placed on the US top exchange. At the time of writing, ENJ has launched…

The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — analyst

The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805. But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin. Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future, if the market turns around. USD cost of Ethereum held since November 2020. Source: Chainalysis, Phillip Gradwell Why does Ethereum have a weaker support area…

Ahead of Direct Listing Coinbase Joins DeFi Alliance to Support Decentralized Financial Startups

Coinbase has already made considerable investments in some of the decentralized financial projects including Dharma.  Cryptocurrency exchange Coinbase has joined DeFi Alliance, an open association that supports decentralized financial startups. Coinbase has shown interest in the decentralized financial ecosystem ahead of its public listing set for April 14. Coinbase has joined the @defialliance, an open association supporting DeFi startups. We look forward to working together to grow the cryptoeconomy. — Coinbase (@coinbase) April 8, 2021 “Coinbase has been hugely influential in growing the adoption of crypto globally,” DeFi Alliance partner…

Bitcoin Reclaims $58K After Fed Underscores Continued Recovery Support

Bitcoin rallied on Thursday after the Federal Reserve vowed to support the economic recovery in the United States. The benchmark cryptocurrency jumped 3.80 percent to $58,083 after declining two days in a row. Meanwhile, its rivals across the crypto space, including the second-largest token Ethereum and its runner-up Binance Coin, also surged higher. Almost all alternative cryptocurrencies have a positive correlation with Bitcoin. Dovish Fed Traders started flocking into the cryptocurrency sector after minutes from the Federal Reserve’s March meeting, released on Wednesday, which showed the central bank officials are…

Equilibrium raises $2.5M to secure support for Polkadot parachain bid

Equilibrium, a Polkadot-based decentralized finance project and parachain candidate, has raised $2.5 million from a number of venture funds primarily involved in the Polkadot ecosystem. Heavy Polkadot backers like KR1, Signum Capital and Hypersphere Ventures joined Equilibrium’s round. Other participants from the general crypto investment ecosystem include OKEx’s Block Dream Fund, Genesis Block Ventures, CMS Holdings, AU21 Capital, DFG Capital, PNYX Ventures, FBG Capital, LD Capital, and others. The funding round comes as Equilibrium gears up for the upcoming parachain lease auction on Polkadot. The project says that the investment…