Crypto News Digest by U.Today
U.Today’s daily news feed keeps you up to date with the most important updates in the crypto industry
U.Today presents the top four news stories from the past day. Take a closer look at the world of crypto!
Shiba Inu Launches on Canada’s Best Crypto Trading Platform
On Tuesday, March 28, Netcoins, the first public crypto trading platform in Canada to be fully regulated, announced that it has added support for five new coins, including Shiba Inu. The other four coins that became available to Netcoins users are DOGE, MATIC, FTM and MANA. Netcoins CEO Mark Binns stated that the newly added cryptocurrencies accounted for 12% of daily revenues shortly after launch.
Founded in 2014 and headquartered in Canada, Netcoins currently supports users in Canada but plans to expand in the US.
“Important Moment”: Cardano Now Supports Ethereum dApps
According to Monday’s blog announcement, the Milkomeda Foundation has launched Milkomeda C1, an Ethereum Virtual Machine-compatible sidechain directly connected to the Cardano blockchain. As stated in the blog post, the launch marks “a pivotal moment” as users can now seamlessly move assets between the two blockchains, making it possible to run popular Ethereum-based dApps on top of Cardano.
Later that day, Input Output CEO Charles Hoskinson tweeted to congratulate DcSpark, the main contributor to the Milkomeda protocol. He described the launch of the C1 Layer 2 solution as “a great development” for Cardano.
Ripple Identified by Goldman Sachs as “Payment Opportunity” Alongside Circle
In its recent report titled “Overview of Digital Assets and Blockchain,” Goldman Sachs, one of the largest investment banks in the world, cited Ripple as an “opportunity in payments,” along with Circle, a peer-to-peer payment technology, and Coinbase. As noted by Professor Daniel Kahneman, who: shared the report on his Twitter account, it is worth noting that the image highlights RippleNet, and not ODL or XRP.
Dogecoin Whale Transactions Spike 133%
According to data from IntoTheBlock, Dogecoin whales were sharp yesterday, with a 133% increase in large transactions (i.e. transactions over $100,000). Large transaction spikes are often associated with increased activity from institutional players, or whales, buying or selling. Meanwhile, the price of the meme cryptocurrency has seen a spike of nearly 7.48%, allegedly triggered by Elon Musk’s comment that it would be “sick” to buy Twitter and change the blue bird logo to Doge’s. At the time of writing, however, DOGE is changing hands for $0.14, down 3.50% in the past 24 hours.