Record $8B open interest on Ethereum futures shows the pros are ‘here’

The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.  With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether’s price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13. This impressive price…

Lockheed Martin adopts blockchain for supply chain management in Switzerland

United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform, to streamline supplier capabilities across Switzerland, offering yet another tangible use case for blockchain technology.  Under the new agreement, SyncFab will provide Lockheed Martin with direct access to its parts procurement and supply chain platform, which is built on top of the company’s blockchain. The secure supplier intelligence platform connects Original Equipment Manufacturers, or OEMs, to Swissmem members, allowing OEMs to match with suppliers across Switzerland. The platform essentially works…

Signal Mentions Zcash, Lightning As Possible Options

Key Takeaways Signal has published an update on its efforts to implement MobileCoin (MOBI) cryptocurrency payments. It addressed some of the criticism that the cryptocurrency has received, such as high fees and price volatility. It also discussed the possibility of future crypto integrations such as Zcash and Bitcoin via the Lightning Network. Share this article Signal announced last week that it plans to introduce cryptocurrency payments. Now, it has published further details on those plans. More Than Just MobileCoin? Last week, Signal announced support for MobileCoin (MOBI) payments. That cryptocurrency…

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

Dogecoin (DOGE) price 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.  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…

Mastercard Leads $65 Million Fundraiser for ConsenSys

Key Takeaways Traditional financial institutions are investing in ConsenSys, a key player in the Ethereum development sphere.  ConsenSys raised $65 million in this funding round. Some of the participating investors are working on their own cryptocurrency and blockchain services. Share this article ConsenSys, one of the largest companies in the Ethereum ecosystem, has raised $65 million from various companies. ConsenSys Raises $65 Million ConenSys has raised $65 million from industry heavyweights such as JP Morgan, Mastercard, UBS, and Maker Labs, among others. This fundraiser marks ConsenSys’ first external funding round.…

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 mutual fund Sheesha Finance raises $9.4MM

Sheesha Finance, a DeFi mutual fund based in the United Arab Emirates, has raised $9.44 million over a two-week token sale — underscoring heightened investor demand for decentralized finance applications.  The token sale, known as a Liquidity Generation Event, or LGE, excluded private sales and early contribution bonuses, which allowed micro-investments of as little as 0.0001 Ethereum (ETH). In total, LGE contributors doled out 3,171.31 ETH, valued at $6.35 million, and 7,769.43 Binance Coin (BNB) worth $3.08 million. Investors who contributed to the LGE can claim their Liquidity Provision, or…

XRP price soars to new highs after recent legal victories and relisting rumors

XRP price broke out to a new multi-year high on April 13 as a surge of trading volume in the early morning hours has continued into mid-day.  Data from Cointelegraph Markets and TradingView shows that XRP registered a low of $1.42 on Tuesday before staging a 34% rally to a high of $1.88. XRP/USDT 4-hour chart. Source: TradingView The surge in price comes on the same day that both Bitcoin (BTC) and Ethereum (ETH) established new all-time highs as mainstream excitement for the cryptocurrency sector is on the uptrend ahead…

North American crypto miners prepare to challenge China’s dominance – Cointelegraph Magazine

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing power. These new ventures are acutely aware of the need to minimize mining’s carbon footprint. In March, when Neptune Digital Assets and Link Global announced they would develop a new five-megawatt Bitcoin mining facility in…

Republican Kevin McCarthy says Fed chair needs more education on crypto

Kevin McCarthy, the minority leader in the U.S. House of Representatives, hinted that both the current Secretary of the Treasury and chair of the Federal Reserve may need to reevaluate their positions on crypto. Speaking on CNBC’s Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy claimed both the officials had “tried to ignore it to make it go away” while urging…