Bulls push Ethereum price higher ahead of Friday’s $930M options expiry

The last couple of weeks have been nothing short of a roller coaster for Ether (ETH), which oscillated between $2,000 and a record-high $2,650. The 20% crash on April 17 caused a $1 billion liquidation on long futures contracts, and it also drastically reduced investors’ appetite for risk. Ether (ETH) USD price at Coinbase. Source: TradingView However, as displayed above, the 28% gain over the last couple of days caused the open interest on Ether futures to reach $8.2 billion, which is just 5% below its April 15 record. A…

Bitcoin dominance drop and resistance at $55K stoke altseason hopes

The overall cryptocurrency market saw a second day of gains on April 27 after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to a new all-time high at $2,680. Data from Cointelegraph Markets and TradingView shows that Bitcoin (BTC) climbed above $54,000 in the early trading hours on Tuesday and bulls are now aiming to break through the…

MetaMask cites ‘global south’ for their 5x increase in users

MetaMask, the Ethereum (ETH) wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications.  The rise in growth came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market. The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months: MetaMask’s…

Mark Cuban tried to convince Ellen DeGeneres to accept Dogecoin

Following the Dallas Mavericks’ decision to accept Dogecoin as payment for merchandise last month, billionaire Mark Cuban is seemingly attempting to get other high-profile names to consider using the meme-based token as a form of payment. In a virtual interview with TV talk show host Ellen DeGeneres today, Cuban said Dogecoin (DOGE) may have started as a joke, but it was now “becoming a digital currency.” The Dallas Mavericks owner mentioned the success the basketball team’s store had after accepting the token in March, and recommended DeGeneres “should look at…

Aave Liquidity Mining Program Is Ready to Launch

Key Takeaways Aave’s liquidity mining program will distribute close to $1 million daily, split equally between lenders and borrowers. Most of these rewards will go to stablecoin pools to increase the liquidity of DeFi stablecoins. The platform has already attracted more than $1 billion in liquidity. Share this article Aave has launched liquidity mining, which will allow lenders and borrowers to receive additional token rewards from the platform. Incentivizing Participation in DeFi Aave’s governance community overwhelmingly voted to pass AIP-16, unlocking stkAAVE rewards for liquidity providers on select pools. These…

Waves, Celo, and Injective Protocol (INJ) breakout as DeFi reawakens

Bitcoin (BTC) extended its relief rally on Tuesday and reclaimed a market capitalization above $1 trillion. While many traders panicked during Bitcoin’s recent fall below $47,000, fund manager Dan Tapiero said that he spotted a rare TD sequential buy signal during the low. The last time this signal was seen was in March 2020 when Bitcoin price traded near $3,600. Tapiero believes Bitcoin remains on target to reach $100,000 this year. However, even after the recent rise above $55,000, Bitcoin’s market dominance continues to lag at 49.5%, according to CoinMarketCap…

Ellen DeGeneres Sells NFT, Talks About Dogecoin

Key Takeaways Ellen DeGeneres auctioned a piece of digital art, titled “Woman With a Stick Cat,” for $14,555 today. Proceeds from the auction and other related sales went to the disaster relief charity World Central Kitchen. Meanwhile, Shark Tank host Mark Cuban appeared on Ellen’s talk show to discuss cryptocurrencies, NFTs, and Dogecoin. Share this article Comedian and talk show host Ellen DeGeneres has moved into cryptocurrency. Today, she auctioned off a piece of NFT artwork and discussed Dogecoin with guest Mark Cuban. Woman With a Stick Cat DeGeneres’ NFT…

Ethereum price all-time high follows reduced gas costs and DeFi revival

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFT).  The explosive growth seen over the past year would not have been possible without the Ethereum network (ETH), which saw its price break out to a new all-time high on April 27 following the successful launch of the ‘Berlin’ upgrade on April 15. ETH/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that the price of Ether has rallied 27% over…

Turkey may establish central custodian bank following alleged fraud at two major exchanges

Following the arrests of several employees at Turkey-based crypto exchanges Thodex and Vebitcoin last week, government officials are reportedly planning to establish a central bank authority which could custody digital assets.  According to a Bloomberg report, an unnamed senior official in the Turkish government said local authorities may be creating a central custodian bank aimed at eliminating counterparty risk for dealing in cryptocurrencies. The same source claimed that the government was also looking at instituting a capital threshold for exchanges and requiring executives at crypto firms to have a certain…

TIME Calls Coinbase and DCG Influential Companies

Key Takeaways TIME’s 100 Most Influential Companies list includes two crypto firms: Coinbase and Digital Currency Group (DCG). It chose those two companies due to the “extraordinary impact” that each has made in the business world. TIME has previously taken interest in cryptocurrencies and NFTs. Share this article TIME Magazine has listed Coinbase and Digital Currency Group (DCG) among its 100 Most Influential Companies of 2021. Two Crypto Companies In Top 100 TIME chose to include Coinbase and Digital Currency Group in its list of influential companies due to the…