Bitcoin’s grim close, Ether’s jaw-dropping surge and other news

Bitcoin bulls attack $57,000, and altcoins rally as April comes to a close

View this email in your browser One week in review:  April 25–May 1 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Bitcoin bulls attack $57,000, and altcoins rally as April comes to a close A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a matter of hours. Highs of $58,448.34 helped to erase recent losses — but not entirely. Data from Bybt shows that BTC's price fell by 1.98% last month. That's the first time the world's biggest cryptocurrency has closed the month of April in the red since 2015. A contributing factor to upbeat market activity may have been linked to an astounding surge in revenues at MicroStrategy, a company that owns 91,000 BTC. Read more #2. Ethereum's market cap exceeds platinum's for the very first time The No. 2 cryptocurrency continues to break new all-time highs — with the latest record of $2,879.75 set on Saturday. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as the long-awaited Eth2 upgrade takes shape. The network is set to part ways with its proof-of-work consensus algorithm and shift to proof-of-stake, which is set to cut costs and preserve energy. At $330 billion, Ether's market cap has now exceeded industry giants including Procter & Gamble and PayPal — not to mention platinum. The digital asset is also a stone's throw away from overtaking The Walt Disney Company and Bank of America. Read more #3. Coinbase offers customers a way to purchase crypto using PayPal There were a series of milestones this week when it comes to simplifying the process of buying crypto… and using it as a payment method. Coinbase announced that users in the U.S. will now be able to buy digital assets using debit cards and bank accounts linked to their PayPal profiles — giving them a greater choice of digital assets than PayPal alone provides. Meanwhile, rival exchange Gemini announced that it is teaming up with Mastercard to release a credit card that will allow crypto holders to spend digital assets and receive cash-back rewards in the form of Bitcoin. Read more Trade Bitcoin and over a dozen other cryptocurrencies on the world's leading social trading platform. Get up-to-the-minute price charts, chat with other traders, and even test out hypothetical trades with a Virtual Portfolio. Only eToro provides CopyTrader™ technology, allowing you to mimic the moves of other top-performing traders on the platform in real time. Discover why millions use eToro for their investments. Download the app. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & eToro USA LLCeToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. #4. Prediction of the week: Ether will always come second to Bitcoin, says Shark Tank's Kevin O'Leary Despite ETH strengthening further against BTC this week, Shark Tank star Kevin O'Leary still believes that Bitcoin will remain top of the crypto rankings. Speaking to CNBC, he declared: "Bitcoin will always be the gold, Ethereum will always be the silver." The Shark Tank star said he had owned crypto since 2017, announcing last month that he would be allocating 3% of his portfolio into Bitcoin. However, he has previously referred to digital assets as "crypto crap" and Bitcoin as "not a real currency." Read more #5. FUD of the week: DeFi hacks and exploits total $285 million since 2019, Messari reports Decentralized finance's rising popularity since 2019 has seen the emerging market segment become a target for hackers and opportunistic profiteers. Crypto research company Messari says DeFi protocols have lost more than $284 million to hacks and other exploit attacks since 2019. Almost half of the DeFi hacks covered in the Messari report were flash loan attacks, while others took advantage of temporary defects in price oracle feeds. Read more #6. FUD of the week: Binance could face heavy fines over stock tokens, warns German regulator Binance's attempts to bridge traditional markets with the cryptocurrency space through fractionalized stock tokens have drawn the attention of Germany's financial regulator. BaFin has warned that the world's largest crypto exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus. Binance launched fractionalized stock tokens for Apple, MicroStrategy and Microsoft on Monday, adding to tokens for Coinbase and Tesla. The exchange told Cointelegraph: "Binance takes its compliance obligations very seriously and is committed to following local regulator requirements wherever we operate. We will work with regulators to address any questions they may have." Read more Feel free to explore the most important news with Hodler's Digest: Read more 1.5 million people follow us on social media Download our official app:

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