News and Articles by Anahit

In February, Google's parent company Alphabet announced that the future plans of the conglomerate include blockchain technology and Web 3. And now, the Cloud group of Google is starting a team to offer their services to blockchain app developers. Thus, the company aims to meet the growing...

Top GPU (Graphics Processing Unit) company Nvidia was fined for not reporting details on how crypto mining impacted the company's gaming business. The US SEC published a press release saying that Nvidia agreed to pay a $5.5 M penalty for not reporting that crypto mining was a part of the company's...

The amount of NFTs sent to marketplaces hit $37 bln as of May 1, 2022. The indicator is close to surpassing the overall NFT transaction volumes equal to $40 bln of 2021. According to a report by the blockchain data platform Chainanalysis, despite some ups and downs in volumes, the number of active...

Decentralized social media startup BlueSky, initially backed by Twitter issued its first codes and revealed the start to work in public. The team published a blog post that says the received funding four months ago allowed hiring a team and beginning the development process. Twitter ex Chief...

Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum. An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron. The Tron community has been...

Leading cryptocurrency exchange Binance backs Tesla CEO Elon Musk's purchase of Twitter. According to an SEC filing, the company committed $500 M in equity financing. Binance is one of 19 equity investors. According to the document, the raised amount is above $7 bln. Other participants include...

The US Federal Reserve made a long-awaited announcement on increasing interest rates. The Bank raised the amount of interest by ½ percentage point for the first time in more than two decades. This means that it will become more expensive for people, business operators and governments to borrow...

Popular fashion brand Gucci will enable customers to pay with crypto in several US stores at the end of May. According to an article by Vogue Business, the house will allow the option in all of its stores in North America during the summer. Gucci will accept over ten cryptos including Bitcoin,...

The Republic of Uzbekistan will enable domestic and foreign firms to mine cryptos using solar energy without requiring an income tax according to a presidential order published on April 27. The government mentioned that it is necessary to ensure a regulatory environment for the future developments...

Business magnate Elon Musk, who recently announced buying the social media company Twitter changed his Twitter profile picture for a Bored Ape Yacht Club collage. Musk wrote that the picture seems pretty fungible to him. I dunno … seems kinda fungible— Elon Musk (@elonmusk) May 4, 2022 ...

Ethereum co-founder Vitalik Buterin, finds that Layer 2 transactions need to be lower than $0.05 to be totally acceptable. Recently, the Bankless podcast host, Ryan Sean Adams, tweeted a screenshot of the average costs of transactions for some L2 protocols. Adams wrote that fees wrote that...

Twitter unsuspended the account of Stani Kulechov, founder and CEO of the DeFi protocol Aave. The social media platform recently banned Kulechov after he twitted about becoming Twitter's interim CEO. The tweet was posted amid hot discussions about Elon Musk's $44 billion deal to buy the company. ...

The US financial watchdog, Securities and Exchange Commission revealed the decision to have 20 new positions to its enforcement unit for the crypto industry to prevent fraud cases in the sector. Changing its name to Crypto Assets and Cyber Unit (previously Cyber Unit) and it will expand to 50...

April 29th, The GameFi social platform Ludena Protocol has announced a strategic partnership with 'Avocado Dao', one of the world's largest blockchain game guild. Through this partnership, the two companies plan to cooperate in all directions to create an efficient blockchain game ecosystem by...

The Solana blockchain protocol released a report on the recent outage announcing that operations are recovering after the network went dark for 7 hours. On April 30, the Solana blockchain stopped producing new blocks as a result of consensus reaching issues. The network participants started to work...

Wikimedia Foundation, the nonprofit organization running the online encyclopedia Wikipedia, stops accepting cryptos for donations. It released an update that says the organization will close its Bitpay account. On April 12, the WMF community requested to stop accepting donations in cryptos due to...

Toronto-based BTC mining firm Bitfarms issued an update for operations in April 2022. The company noted that 405 Bitcoins were mined which makes 13.5 Bitcoins per day on average. The number of mined Bitcoins went up by 75% from April 2021, and the mining hashrate reached 3.3 exahash per second....

American business magnate, the CEO of the conglomerate holding company Berkshire Hathaway, Warren Buffet said in the recent annual meeting of the company that he didn't change his mind about Bitcoin despite the growth of the asset. Buffet finds that Bitcoin isn't a productive asset and it doesn't...