Banco Galicia, one of Argentina’s largest private banks announced on Monday the rollout of cryptocurrency trading functionality that will allow its 4.2 million clients to buy, sell, and store Bitcoin, Ethereum, USD Coin, and XRP.
Digital currencies had a fantastic year in 2021. Significant investment from financial institutions and High-tech companies has helped Bitcoin reach new highs. The second-largest cryptocurrency, Ethereum, also hit record highs. Along with rising investor interest in digital assets, numerous nations are expected to become cryptocurrency hotspots by 2022 and beyond. We’ve compiled some of the top countries for crypto adoption in the coming years.
In late March, the Ronin Network was exploited for more than $600 million worth of Ethereum in what was the largest DeFi attack to date. At the time, the team behind the Ethereum-linked sidechain of the popular crypto game Axie Infinity stated that the attacker gained access to the majority of validators nodes and was able to sign transactions, and made away with 173,600 ETH and 25.5M USDC.
The Merge, a phase when the Ethereum mainnet will merge with Beacon Chain and transition from the Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism has experienced another setback. According to Ethereum developer Tim Beiko, The Merge will take place a “few months after” June.
The transition from an energy-intensive Proof-of-Work (PoW) consensus protocol to a much more efficient Proof-of-Stake (PoS) algorithm, dubbed ETH 2.0, has been one of the biggest storylines surrounding Ethereum in recent years.
The markets have been in a state of a gradual pullback over the last seven days. During that period, the value of most major digital currencies has diminished by double digits, including Bitcoin (-10.7%) and Ethereum (-11.8%). Consequently, the total value of all digital currencies in circulation shrank from $2.21T on April 4 to $1.98T on April 11.
On Sunday, Tesla CEO Elon Musk took to Twitter to ask his followers about their thoughts on the rising inflation. Out of thousands of replies, the answer of Microstrategy’s CEO Michael Saylor caught Musk’s attention.
On Monday, the EU Parliament will be voting on the Markets in Crypto Assets (MiCA) bill, which features provisions aimed to limit the energy-intensive Proof-of-Work (PoW) mining in the Union. For context, Bitcoin, Ethereum, and a number of other digital assets fall under the PoW classification.
Investment banking giant Goldman Sachs has started offering its clients access to an Ethereum institutional fund managed by alternative asset management firm Galaxy Digital. According to the form filed with the Securities and Exchange Commission (SEC) on Tuesday, the bank is in it for the long haul, as the filing shows that the offering will last at least one year.