News and Articles by Anahit

ARB (Association of Banks of Russia) has suggested banning the use of non-custodial wallets for storing cryptocurrencies. This means that users will need to use traditional exchange accounts. ARB also suggested criminalizing the behavior of not providing wallet private keys to licensed agencies. ...

The Ethereum Foundation (EF), a non-profit organization that supports the development of Ethereum, released a report that gives details of its holdings. The team mentioned that decentralized funding is important for Ethereum's future. The 28-page report covers subjects like EF values, future...

Terra blockchain’s stablecoin, UST became the third largest stablecoin with a market cap of over $17.5 bln. Data from CoinMarketCap show that UST has gotten ahead of (Binance USD) BUSD and comes after Tether USDT ($82.7 bln) and USD Coin USDC ($50 bln). UST is a dollar-pegged stablecoin released...

On April 17, Ethereum-based decentralized stablecoin protocol Beanstalk was exploited and lost $182 M as a result. Security, and data analytics company PeckShield tweeted based on Etherscan data that the attacker managed to get away with $80 M and move it via privacy transactions protocol Tornado...

Russia’s Ministry of Finance revealed that it finalized the bill "On Digital Currency." The updated bill includes clarification on crypto trading and mining. Thus, the bill suggests forming regulations for the crypto sector. According to the document, digital currencies can be accepted...

Portugal’s Central Bank has granted a license to Bison Bank to establish the first crypto bank in the country. According to a report by the local media Sapo, Bison Bank is authorized to launch Bison Digital Assets, a company that will deliver custodial and exchange services of cryptos. Thus,...

The Federal Bureau of Investigation published a statement on the investigation results associated with the $600 M hack of the Ronin Network. Ronin is an Ethereum sidechain built for the play-to-earn game, Axie Infinity. According to the statement, the FBI was able to confirm that the hackers behind...

Antoni Trenchev, co-founder and CEO of the crypto services provider company Nexo finds Bitcoin may reach $100,000 within a year. In an interview with CNBC, he also predicted short-time price fall along with traditional financial markets. His opinion is connected with the US Federal Reserve's...

Development company Ava Labs, standing behind the Avalanche blockchain protocol, is raising a new fund. An article by Bloomberg says that the new valuation makes Ava Labs one of the cryptocurrency startups with highest value. Established in 2018, the firm is raising $350 M at a $5.25 bln valuation,...

One of Ethereum’s core developers, Tim Beiko revealed that the much-expected upgrade will probably take place several months later after June. He tweeted about this after the team carried out a major test on April 11. In particular, devs had released a shadow fork to test the software. Beiko...

The Dogecoin Foundation, a non-profit organization supporting the development of the coin, published a blog post that considers how to achieve financial freedom. Product Lead Timothy Stebbing and Principal Engineer Michi Lumin described how "RadioDoge" will run and how it will enable...

Global fintech company FIS built a partnership with the cryptocurrency institutional custody startup Fireblocks to offer crypto trading and lending services to its over 6,000 clients. John Avery, FIS Global Product Head for Crypto and Digital Assets said that it makes it easy for the client base...

Digital currencies and blockchain-focused investment fund Pantera Capital is supposed to complete the Blockchain Fund within about a month after securing $1.3 bln. In the latest conference call, the firm said that the raised capital is roughly two times higher than the original goal of $600 M....

Trading platform Robinhood added four cryptos; Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP). Robinhood announced the news via a blog post. The company mentioned that over 2021, crypto customers have continuously asked for sending and receiving tokens along with a wider...

Leading financial services provider Mastercard has applied for about 15 crypto and metaverse trademarks on April 4. Among them are filings for virtual cards and payments, NFTs, crypto and NFT marketplaces, etc. In February Mastercard hired 500 new team members to hold discussions with banks and...

Decentralized cryptocurrency exchange Uniswap revealed the establishment of Uniswap Labs Ventures (ULV) to invest in web 3 development teams such as infrastructure and apps at various stages and levels. A blog post published by Uniswap says that the team is focused on supporting projects that have...

Businessman, co-founder of leading private equity firm Carlyle Group, David Rubenstein reconsidered his views on crypto. At an interview with the Colossus podcast, Rubenstein said that he was previously skeptical about crypto as he thought nothing was underlying it. However, the businessman said it...

Global investment manager Investcorp, specialized in alternative investments, has started raising money for a new fund to invest in blockchain technology development startups. The Fund will be led by the company's Abu Dhabi office. It will invest in early-stage firms building various products...