News and Articles by Anahit

The crypto sector regulations bill MICA (Markets in Crypto Assets) is entering the next phase of discussions without the point that offered to ban the use of BTC and other cryptos that use Proof-of-Work algorithm, and require electricity for their operations. On March 14, The EU legislative branch...

Texas-based major oil and gas corporation Exxon Mobil is processing a pilot program using natural gas surplus to fuel crypto mining processes. A Bloomberg news article, citing people standing close to the subject, says the company considers doing the same in different places worldwide. Exxon Mobil...

Leading Israeli bank Leumi will become the first Israeli bank to allow crypto trading. The digital investment app of the institution, Pepper Invest will provide the possibility in partnership with blockchain technology company Paxos. According to the Israeli media portal Ice, crypto trading will...

El Salvador’s president Nayib Bukele met Binance founder and CEO Changpeng Zhao (CZ), Mexican billionaire businessman Ricardo Pliego, and other entrepreneurs. Previously, an article by Reuters said the Salvadoran government plans to turn to Binance for its execution of Bitcoin as legal tender and...

Pavel Zavalny, the head of the Russian Gas Society, said the country allows the possibility of accepting Bitcoin as a means of payment for the export of natural resources. In a press conference, he suggested that the conditions of export may be different for various countries depending on their...

Global regulator for securities, IOSCO (International Organization of Securities Commissions) composed of 33 securities regulators of various countries, released an extensive report on the DeFi industry. It finds that DeFi is rapidly growing to mirror the traditional financial markets. The report...

The Bank of England is set to sketch the first regulatory framework for crypto. According to the institution, the industry could pose risks to financial stability without being unregulated. The Bank mentioned that although the sector is still small, it sees rapid growth. Discussions over crypto...

The US Senate considers adopting a bill that as it describes would mitigate risks to the US financial system that it finds may come from El Salvador's adoption of BTC as legal tender. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the act on February 16. The bill would require...

The Chairman of the Federal Reserve, Jerome Powell believes that digital innovation won't go away, so there is a need for new regulations. In a virtual summit held by the Bank of International Settlements, Powel said that Distributed Ledger Technology and decentralized finance have the potential...

The Salvadoran government made a decision to put off the launch of Bitcoin bonds as the current market conditions are unfavorable. Finance Minister Alejandro Zelaya talked about it during an interview with the TV show "Frente a Frente" President Nayib Bukele first revealed the plans to...

The company standing behind the development of the Bored Ape Yacht Club, Yuga Labs, attracted $450 M in a recent Series Seeds funding stage. Completing the round, its valuation has reached $4 bln. VC firm Andreessen Horowitz (a16z) led the round. Among investors were game software company Animoca...

The Bank for International Settlements together with several central banks have built prototypes for bank-issued digital currencies platform. The network will serve for making transactions across borders, boosting their efficiency. BIS and financial authorities of Australia, Malaysia, Singapore,...

International investment bank Goldman Sachs implemented an Over the Counter crypto trade, becoming the first large US bank to do so. Galaxy Digital, a blockchain, and crypto-focused financial services institution, revealed that its trading unit has made the transaction easier in the form of a BTC...

The Ministry of Finance in India has defined new rules for the crypto sector. According to the publication by the government, losses and profits will be viewed separately. This means that traders can't set off losses incurred in a certain digital asset against income from another one. The policy is...

Malaysia’s Ministry of Communications and Multimedia, short for KKMM from Malay, offered to legalize the crypto sector. Datuk Zahidi Zainul Abidin, the deputy minister of KKMM, offered regulators to make crypto legal tender. According to him, this will help young people to actively use crypto,...

Yuga Labs, the company standing behind the development of the popular NFT collection Bored Ape Yacht Club (BAYC) announced a new project, "Otherwise". The tweet posted by the company says that the company plans to launch Otherwise in April. The project will be powered by ApeCoin, the...

Australia’s government plans to define laws regulating the crypto sector and seeks feedback from businesses and individuals. According to a report by the Australian Financial Review, the Commonwealth authorities aim to explore new rules that will help Australia be a part of the growth of Web3....

Ethereum co-creator, crypto influencer Vitalik Buterin is on the cover of Time Magazine. The cover story "The Prince of Crypto Has Concerns' tells about Buterin as a person that entered the crypto sector with clear goals and objectives. In an interview with the magazine, Buterin said he hopes...