Having the title of the world's first digital asset bank, Sygnum Bank announced in its press release that it will offer Cardano staking service in a secure environment for its corporate customers. Sygnum Bank will thus mediate staking transactions for Cardano after Ethereum (ETH), Internet Computer (ICP) and Tezos (XTZ). Thus, long-term Cardano investors will be able to earn passive income by staking their crypto assets in a regulated environment at the bank level. In the statement, it was stated that customers can easily access the service through Sygnum's eBanking Platform.

In addition to this development, one of the world's largest crypto exchanges, the US-based Coinbase (COIN), announced yesterday that they have expanded their staking service on the Coinbase Prime platform to include Ethereum.

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Cardano founder breaks silence on Vasil hard fork delay

In addition to the development that Cardano can stake with the support of Sygnum Bank, an important statement for the Cardano network came from its founder, Charles Hoskinson. Cardano founder Charles Hoskinson said in a statement that the Vasil Hard Fork, which is considered extremely important to the Network, is not expected any longer and confirmed that the upgrade is now in the final testing phase.

Hoskinson said that while the work is progressing regularly and systematically, he predicts that there will be no more delays unless a new error occurs. Stating that there are a few extreme situations that need to be fixed about the current situation, Hoskinson hopes that the developer team will announce that they are ready for the update by providing more detailed information in the middle of this month.

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Latest situation in Cardano (ADA) price

Cardano (ADA) fell as low as $0.48 today with overall sales after rising as high as $0.55 in weekend trading. ADA, which has seen a loss of more than 10 percent since the weekend, is currently using the area that was resistance in June as support. On the other hand, the $0.55 band remains as the resistance zone for ADA since July.