Argentina’s largest private bank to offer Bitcoin, Ethereum trading
Buenos Aires-based Banco Galicia will make four cryptocurrencies available to customers—Bitcoin, Ethereum, USD Coin, and XRP. It has launched a new and innovative service for its customers, offering the purchase, sale, and custody of crypto in a simple, secure manner. Banco Galicia is the largest private bank in Argentina.
Crypto prices today: Bitcoin down 1.2%, ETH falls 0.5%
Bitcoin is currently trading at $38,511.6 a 1.22% decline over the previous day. Ethereum is down 0.58% over the last 24 hours to $2,841.94. Solana fell 2% to $88.41, while Cardano is trading lower by 0.54% at $0.788. Avalanche (AVAX) rose 2.19% to $61.33. The global crypto market cap stands at $1.74 trillion, a 0.85% decline over the previous day.
ApeCoin tanks after chaos surrounding Bored Ape Yacht Club creator’s metaverse NFT land sale
ApeCoin, the crypto tied to the popular Bored Ape Yacht Club NFT ecosystem, fell nearly 13% over the last 24 hours. Recently, Yuga Labs (the company behind the Bored Ape NFTs) made $350 million by selling “Otherdeeds” Ethereum-based, virtual land deed NFTs for its highly-anticipated metaverse project, “Otherside”. However, Ethereum became congested with transactions, and the blockchain was unusable for hours. A record amount of Ether was also permanently destroyed.
Crypto.com restarts staking rewards
Crypto.com CEO Kris Marszalek said the firm would continue to offer staking rewards to its card users a day eliminating the reward program. The decision had led to a backlash among community members on social media sites like Reddit and Twitter. However, the company backtracked on its decision to fully end staking rewards, where card users locked up CRO for 180 days to earn yields.
