News and Articles by Anahit

Microsoft co-founder Bill Gates criticized non-fungible tokens and cryptos. At a TechCrunch Talk, the business magnate said he finds that the sector is 100% dependent on greater fool theory. The phrase is used in finance to convey the idea that overvalued assets will grow in price when there are...

US regulators question whether cryptocurrency exchanges are doing enough to prevent insider trading. To find out, the U.S. Securities and Exchange Commission started investigations. According to a report by FOX Business, at least one large crypto exchange has received a letter requesting info about...

Results of a survey conducted by Bank of America shows there is a high interest in crypto despite the recent fall. 91% of 1000 respondents said they intended to purchase crypto in the coming six months. This was the same percentage as those that had bought crypto in the past six months. There is a...

After inflation has set a new record high, risk assets like stocks and cryptos have been seeing a large selloff and price decline. The largest cryptocurrency, Bitcoin fell below $23,000, its lowest in 18 years. Amid the extremely volatile market conditions, a leading crypto lending platform Celsius...

Law firm Roche Freedman LLP has filed a class-action lawsuit against the American division of the crypto exchange Binance and its CEO Brian Schroeder on behalf of LUNA and the UST stablecoin investors. According to the 72-page complaint, Binance.US offered unregistered securities to US citizens,...

Binance, the largest crypto exchange by trading volume temporarily paused Bitcoin withdrawals amid the market selloff as the price of the coin fell below $24,000. Binance CEO Changpeng Zhao or CZ announced about the issue on Twitter, saying that it was caused by a stuck transaction which led to a...

Leading investment banking company JPMorgan has big plans related to DeFi. During the Consensus 2022 conference, the head of JPMorgan's Onyx Digital Assets, Tyrone Lobban told Coindesk about the goals to provide institutional DeFi solutions, emphasizing the importance of tokenized assets. According...

Global financial markets were shocked another time as the US inflation hit a 40 year high. The annual rate of inflation rose to 8.6%. Reports came on Friday, and led to a sell off of global risk assets such as stocks and cryptos. In the last 7 days, the Bitcoin price fell by around 20.7%, dropping...

A few days ago, decentralized crypto exchange platform Osmosis was hacked and lost $5 M as a result. Attackers found a bug on Liquidity Pools, and were able to move funds. Osmosis was launched in June 2021 on the Cosmos blockchain. According to data from DeFi Llama, currently the Total Value Locked...

Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...

A senior official at Canada’s Central Bank said the number of residents who own crypto is growing fast and efforts to regulate the industry need to keep pace with the developments. During an interview with Reuters, the Bank’s Senior Deputy Governor Carolyn Rogers said the area is still small,...

International payments company Mastercard announced working to unlock NFT trading with the Layer 2 scaling solution ImmutableX, the digital collectibles company Candy Digital, The Sandbox metaverse, the NFT marketplaces Mintable, Spring, Nift Gateway, and crypto payments company MoonPay. In a...

Ethereum Layer 2 scaling solution Optimism was exploited and lost 20 M tokens. The hack happened as the crypto market-making company Wintermute accidentally provided the platform a multisignature address for the liquidity addition and facilitation of transactions. The address wasn’t deployed on...

2022’s Forbes Fintech 50 list includes a record number of crypto-focused companies. The list presents the most innovative private financial technology businesses. Digital asset firms together have attracted $6.5 bln in capital investments with the main part of it received in the previous 12...

American media personality Jim Cramer recommends buying Bitcoin or Ether. He is a believer in the crypto industry but advises only a speculative investment that's less than 5% of one's portfolio. The TV host told CNBC Make It he owns Ether and can't tell anyone not to own crypto. At first, Cramer...

The Chief Executive Officer of Galaxy Digital, Mike Novogratz says equity and crypto investors will see difficulties. However, he's still positive about the growth of crypto adoption. Novogratz finds BTC will continue to be a real macro asset as it's a store of value. During the Piper Sandler...

Crypto banking, custody, and payment solutions company Custodia, founded by a 22-year Wall Street expert Caitlin Long, submitted a complaint against the US Fed. The company says Fed was illegitimately postponing a response on its master account request. Custodia's filing to the US District Court of...

Decentralized oracle provider Chainlink announced the start of Economics 2.0, a new page in the protocol's development. It begins with staking. The Chainlink team published a blog post that says staking aims to enhance the security level by applying rewards and penalties to incentivize the...