Crypto News Digest by U.Today

Valeria Blokhina

U. Today’s latest crypto news digest is already out, don’t miss this piece!

U.Today has compiled the top four news stories from the past day.

XRP, Bitcoin and other coins are now backed by Argentina’s largest private bank

Argentina has taken another step towards cryptocurrency adoption. Banco Galicia, the country’s largest bank with about 600 branches worldwide, recently announced that its customers are now allowed to trade Bitcoin, Ethereum, XRP and USD Coin stablecoin. To enable the new service, the bank partnered with Lirium AG, a company that provides plug & play crypto solutions for banking intuition.

Australia’s Longest Running Crypto Exchange Has a Treat for Shiba Inu Fans

To share the joy of its ninth anniversary with the crypto community, CoinJar, Australia’s longest-running cryptocurrency exchange, has decided to launch a Shiba Inu themed promotional campaign. Every user who makes a single trade on the CoinJar app this week has a chance to win up to 99,999,999 million SHIB tokens (about $3,526). Participants can increase the number of registrations by making more transactions, where one person can have up to 10 registrations.


Cardano May Have Less Than 75% Ethereum Utilized Capacity

Cardano Blockchain Insights, the Twitter account of the Cardano Fans Staking Pool (CRFA), has shared that Cardano may be operating on 25% of Ethereum’s used capacity. According to data in the published post, the average number of Cardano transactions per day lags behind that of Ethereum, at 100,000 and 1.1 million respectively. Meanwhile, Cardano has reached several milestones in recent months. Currently, 925 projects are being built on Cardano, with the number of wallets with ADA exceeding 3.6 million.

Tron (TRX) Rises 10% as Network Celebrates 90 Million Account Opens

According to the latest tweet from TronScan, the number of accounts on Tron has surpassed 90 million, with the TRX token rising 10% in the news. This happened as the network is attracting more users in preparation for the release of its own algorithmic stablecoin. The announcement of the algorithmic stablecoin was recently made by Justin Sun, fueling the short-term rally in the market. The release of a stable solution on Tron was a highly anticipated event as networks like Ethereum, Solana and others offer their own algorithmic options.

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