Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion

Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts.  Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while Ethereum (ETH) continues to trade above $2,700. BTC/USDT 4-hour chart. Source: TradingView Despite the lull in market activity, signs of mainstream cryptocurrency integration continue to emerge on a near-daily basis. Earlier…

Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger

In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella.  First floated after “weeks of negotiation” in early April, members of the Inverse Finance DAO began voting yesterday on a proposal to acquire Tonic and hire its solo developer, Tony Snark. The proposal quickly crossed the 4000 token limit and today is set to pass — notably with no dissenting votes. That feeling when your DAO is completely aligned…

Coinbase Denies Executives Engaged in Stock Dumping

Key Takeaways Coinbase has published a response to allegations of stock dumping that began to circulate on social media on Apr. 17. Most notably, the firm says that its CEO, Brian Armstrong, sold 2% of his holdings—not 71% as some have sugested. Coinbase’s stock (COIN) has nevertheless fallen in value considerably, from $342 on Apr. 16 to $294 today. Share this article In response to widespread allegations from the crypto community, Coinbase has denied that its executives sold large amounts of their stock holdings following the company’s listing on Apr.…

Key Bitcoin price metric flashes its first bullish signal in 4 months

Bitcoin (BTC) has been struggling to sustain above the $53,000 support for the past three days, while Ether (ETH) soared to a new all-time high at $2,800. In the current scenario, some traders would rather wait for Friday’s CME futures expiry before entering long BTC positions, as historically, its price tends to correct ahead of the event. Ether and Bitcoin prices at Coinbase, USD. Source: TradingView On the other hand, Ether’s price has been positively impacted by the European Investment Bank launching a “digital bond” sale using the Ethereum network.…

Mass adoption looms as South America’s second-largest company accepts crypto payments

On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system.  The $81 billion retailer is the second largest company in South America and is present in 18 countries, including its three largest markets, Brazil, Argentina, and Mexico. The group also owns Mercado Pago, a digital payments system for online and offline transactions, along with Mercado Envios, a logistics platform that provides fulfillment, warehousing, and…

MocktailSwap’s ‘Semi-fungible token’ project launches on Binance Smart Chain

MocktailSwap Finance, an up-and-coming DeFi protocol focused on automated market makers, has launched a so-called “semi-fungible token” on the Binance Smart Chain, offering further evidence of innovation in decentralized finance.  The semi-fungible token is based on Ethereum’s ERC-1155 standard, which enables a smart contract to govern an unlimited number of tokens. ERC-1155 tokens can operate as either ERC-20 or ERC-721 standards at the same time using the same address. ERC-1155 is a multi-token standard for “contracts that manage multiple token types,” according to a summary of the Ethereum Improvement Proposal,…

Facebook Didn’t Buy Bitcoin, But Crypto Whales Did

Key Takeaways Facebook did not report adding Bitcoin to its balance sheet during its quarterly earnings call this week. However, on-chain metrics show that other “whale” investors continue to accumulate BTC at every chance. Bitcoin must close decisively above the $54,400-$55,960 resistance barrier for the uptrend to resume. Share this article The crypto community may be disappointed at the news that Facebook does not own Bitcoin, but whales have gone into a buying spree, purchasing over 60,000 BTC in the past two weeks. Facebook Rumors Disappoint Investors Emotions ran high…

Ether will always come second to Bitcoin, says Shark Tank’s Kevin O’Leary

Amid the price of Ether reaching an all-time high this week, businessman Kevin O’Leary still believes Bitcoin will stay on top of the token. Speaking to CNBC yesterday, the Shark Tank star said Ether (ETH) was “always going to be number two” to Bitcoin (BTC) despite the token reaching an all-time high price of more than $2,600 at the time of the interview, and more than $2,700 at the time of publication. The price of Bitcoin, on the other hand, has been volatile in April, rising to a new all-time…

IOHK partners with Ethiopian government to revamp education system

Input Output Hong Kong, or IOHK, is helping the government of Ethiopia leverage blockchain technology to overhaul its education system.  The research and development arm behind Cardano is deploying its expertise to provide Ethiopian authorities with a new system for student and teacher identification, digital grade verification and the remote monitoring of school performance. IOHK’s Atala PRISM ID will allow authorities to create a tamper-proof record of educational performance for five million students across 3,500 schools. It will also enable the Ethiopian government to narrow down locations and causes of…

ABBC Coin, AAVE and Fantom (FTM) rally higher after partnership announcements

On April 29 Ether’s (ETH) price rose to another all-time high, boosting its market capitalization to over $320 billion. With the recent rally, Ether’s market cap has overtaken platinum and PayPal to become the 32nd most valuable asset in the world, according to data from CompaniesMarketCap. Ether’s market dominance has risen from 10.79% at the start of the year to 15.4% currently, whereas Bitcoin’s (BTC) market cap has dropped from over 70% to 48.2% during the same period. Crypto market data daily view. Source: Coin360 To cater to the growing popularity…