News and Articles by Anahit

Facebook and Instagram parent company Meta plans to launch virtual currencies in its app after the stablecoin project Diem shut down, not getting the approval of financial regulators. While competition between social media platforms increases, Meta is looking for alternative revenue sources and new...

Terraform Labs co-founder Do Kwon, announced buying another 5000 Bitcoins for $230 M. Terraform stands behind the development of the Terra blockchain, which is powered by the UST stablecoin and the LUNA coin. At the time of buying, the BTC price was around $46,000. Last month, Do Kwon revealed that...

Philippines-based digital payments company PayMaya launched a crypto feature, that enables buying, selling, and earning digital assets via the app. The app is expanding its services to make crypto more accessible to the public. It is licensed by the Central Bank of Philippines (Bangko Sentral...

Forbes issued an official release of crypto billionaires for 2022. This year's list includes 7 million new names compared to last year. The list published on April 5 includes entrepreneurs who made their fortune from crypto. Among the new people are founders of Web3 developer platform Alchemy Nikil...

Enterprise analytics and software company MicroStrategy's subsidiary MacroStrategy added another 4,167 Bitcoins to its holdings for around $190.5 M paying in cash. The average BTC price for the deal was $45,714, including fees and expenses. According to the statement published by the company, as of...

Singapore regulators approved a new law, which provides stricter rules for the crypto services providers. According to the law, Singapore-based virtual service providers are required to get licensed regardless of their establishment location. Anti-money laundering and counter-terrorism guidelines...

Last week, Ronin Network, the blockchain protocol linked to the popular play-to-earn Axie Infinity was hacked and lost around $600 M in crypto. According to the crypto reporter Wu Blockchain, the address of the hacker began to move, transferring 1000 Ethers to another address and then 200 Ethers...

Major crypto exchange Coinbase plans to hire more people in India by the end of the year. The company released a blog post on April 4, according to which the team intends to add 1000 new employees to the present 300 staff at its Indian tech hub, which launched in 2021. The Chief Technology Officer...

According to the survey by the crypto exchange Gemini the past year was transformative for the crypto industry. Around 30,000 adults participated across 20 countries. The results in the report say that around 44% of the crypto owners in the US bought crypto for the first time in 2021, in Latin...

There were phishing attacks targeting one of the popular crypto hardware wallets, Trezor. The company released reports informing that the email marketing company MailChimp confirmed their service being exploited by an insider whose target became crypto products and services. Users posted...

Hackers managed to steal around $625 M by exploiting the popular web3 video game Axie Infinity’s Ronin sidechain. A press release published by Ronin Network says the platform suspended activities on the bridge and the decentralized exchange platform Katana. It also reveals that starting on March...

LUNA, the native coin of the Terra blockchain, increased by 15% in the last 7 days and set a new all-time high of $107. The LUNA has grown in the last month significantly as a Singapore-established non-profit organization Luna Foundation Guard bought more than $3 bln worth of BTC as an additional...

Project specialized in hosting social media platforms and apps, Decentralized Social (DeSo) announced that the number of accounts created on the network has passed 1.5 M. Currently, the native coin of the blockchain, DESO, trades at around $59. In the last 7 days, the DESO price increased by around...

The Office of management and budget of the White House released the budget of the US government, for the fiscal year 2023. According to the proposal, the government could establish new rules for digital assets which would generate an additional $11 bln by 2032. The proposal also expands the ability...

European leading department store, El Corte Inglés plans to launch its cryptocurrency exchange for the customers. Reportedly, the company partners with Deloitte for technological solutions. According to the Spanish news provider El Confidential, Deloitte will develop a platform via which El...

Leading crypto exchange platform Coinbase is in talks to buy Brazil's largest crypto exchange and unicorn Mercado Bitcoin owner 2TM. Brazilian news media platform Estadão reported on March 27 that the two companies have been holding negotiations from the past year, and they may announce the...

During an interview with CNBC program Squawk Box, US Secretary of the Treasury Janet Yellen said crypto has a major role in investment decisions for Americans. Yellen restated her concerns towards digital assets viewing them as a threat to financial stability. Also, she mentioned the need to...

Despite all the calls from the industry, India passed crypto tax laws, according to which Indians will pay a 30% tax on profits from cryptocurrency transactions starting from April 1. Moreover, apart from already high tax, traders will have to pay 1% tax deducted at source (TDS), while the law...