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Top News in Crypto for April 5, 2023

by 5. Apr 2023 @ 4:45Daily News Summary about Crypto

Key Points

Welcome to today’s crypto news roundup. Here are the key points from the latest developments in the cryptocurrency market:

  • Ether has surged to a nine-month high, up 5% to $1,920 in the past 24 hours, ahead of the upcoming Ethereum network upgrades.
  • PostFinance, a Swiss financial services firm, is partnering with Sygnum Bank to offer cryptocurrencies to its 2.5 million customers, enabling them to buy, store, and sell bitcoin and ether, with more crypto tokens to be added in the future.
  • Paxful, a popular peer-to-peer Bitcoin trading platform in Africa, has suspended its operations. Its co-founder, Ray Youssef, is rallying the Bitcoin community to help build and fund a new decentralized platform called Civilization Kit (Civ Kit), which is a decentralized peer-to-peer Bitcoin trading app built on Nostr, a decentralized social media app.

Ether jumps to nine-month high ahead of Ethereum network upgrades

Ether has surged 5% in the past 24 hours to reach a nine-month high of $1,920, becoming one of the top performers among major tokens. Investors and traders are funneling capital to ether and other staking-focused tokens ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades that are set to take place simultaneously on April 12.

 

PostFinance partners with Sygnum Bank to offer cryptocurrencies to customers

PostFinance, Switzerland’s fifth-largest financial services firm, has partnered with regulated digital asset services provider Sygnum Bank to offer access to cryptocurrencies to its 2.5 million customers. PostFinance, which is owned by the Swiss government, will allow customers to buy, store, and sell bitcoin and ether, with more crypto tokens to be added in the future. Switzerland is a stark contrast to the U.S., where eradicating crypto seems to be the end goal.

 

Paxful co-founder rallies the Bitcoin community for a new decentralized platform

Paxful, a peer-to-peer Bitcoin trading platform that’s popular in Africa, has suspended its operations. However, co-founder Ray Youssef is already seeking support for a new decentralized platform called Civilization Kit (Civ Kit), which is a decentralized peer-to-peer bitcoin trading app built on Nostr, a decentralized social media app backed by Twitter co-founder Jack Dorsey. According to Youssef, a white paper for Civ Kit will be released in one or two weeks, and he plans to rally the Bitcoin community to help build and fund the project. In the meantime, Paxful is urging users to transfer their funds to non-custodial wallets or other platforms such as the newly created Noones peer-to-peer Bitcoin marketplace.

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