Daily News Headlines | Latest Crypto News (6th May) | Cryptoknowmics
Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
Staking for Cardano’s ADA cryptocurrency is now supported on the U.S.-based cryptocurrency exchange Kraken, according to an official blog post. As per the announcement, users can tap Kraken’s market-leading staking service to stake ADA and expect rewards in the range of 4-6% per annum.
American banks are found seeking opportunities to get involved in Bitcoin transactions as the existing clients of the banks are increasingly participating in the crypto industry. Active participation of clients is observed in depositing funds in the crypto exchanges, which is a major concern for the banks.
Galaxy Digital Invests $1.2 billion to Buy Crypto Custodian BitGo
The CEO of Galaxy Digital, Mike Novogratz is now in favor of purchasing crypto custodian BitGo inc. in cash and stock. The transaction is valued at about $1.2 billion. Galaxy agreed to pay $265 million in cash and issue 33.8 million shares to finance the acquisition.
The Stellar Development Foundation, Visa, and payments technology company, Circle, have all joined hands with Tala to boost crypto adoption in emerging markets. The announcement was made by the California-based fintech firm Tala on 5th May 2021.
The largest crypto asset manager in the world, Grayscale Investments, and the New York Giants have made an announcement regarding their exclusive partnership. The partnership makes the asset management firm an Official Digital Currency Asset Management Partner of the New York Giants.