A viral tweet this weekend suggested top Coinbase executives held a fire sale with their personal stock—an accusation that, if true, would be cause for alarm since it implies they don't have faith in the future of their own company. But as with many things on social media, the tweet failed to provide a full account on what was going on, though it did underscore the new challenges Coinbase will face as a public company.source

The Central Bank of the Republic of Turkey has banned the use of cryptocurrencies for payments, according to Resmi Gazetethe, the official newspaper of the Turkish government. The ban will take effect on Apr. 30. 

The report states that payment service providers are also prohibited from incorporating digital assets into their business models “directly or indirectly.”

This comes after PayPal made an announcement about bringing crypto purchases to millions of merchants worldwide.source

Compound (COMP) price has advanced from $400.80 above $600 since the beginning of April, and the current price stands around $578. This cryptocurrency continues to trade in a buy zone, but if the price falls below $500, it would be a firm “sell” signal, and the next target could be around $400.source

Two months after opening up its waitlist for Ethereum 2.0 staking, US-based cryptocurrency exchange Coinbase says some of its customers can now start earning rewards on their Ethereum holdings.

In exchange for locking down some of their ETH, Coinbase users can earn up to 6% interest annually.

In a blog post updated today, the exchange said it would be notifying users when they've moved off the waitlist and encouraged others to sign up in the meantime.source

Bitfinex, the popular cryptocurrency token trading platform, today announced it has added Cosmos (ATOM) as collateral on Bitfinex Borrow, the platform’s peer-to-peer (P2P) digital token loan portal, after it was successful in a social media poll. Users of Bitfinex Borrow can now obtain loans of up to 50% of the value of their ATOM holdings in US Dollars (USD). Borrowers will have to manage their own risk of fluctuations in the ATOM price.

ATOM is among 14 digital tokens available as collateral on Bitfinex Borrow, along with USD, euro, and yen.source

The 1inch Network (1INCH) decentralized platform has now surpassed $30 billion in total trading volume. The project, which was launched in May of 2019, also hosts over 177k users with a 24-hour trade volume of $132.99 million. The impressive 1inch Network milestones can be seen in the following screenshot courtesy of DuneAnalytics.com.source

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market.

In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000.

As long as the price of Bitcoin stays above $58,387 and keeps attempting to break out above $61,188, it would likely see a new record high in the foreseeable future.source

Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26.

While many are wondering what Bitcoin’s next move will be, a Bloomberg Intelligence report by senior commodity strategist Mike McGlone projects that BTC will rally to $80,000 in the second quarter rather than slump to the $40,000 level.source