News and Articles by Anahit

NFT artist and collector Nathan Head earned $75,000 due to the launch of ApeCoin (APE), the official cryptocurrency of the leading NFT collection Bored Ape Yacht Club (BAYC). ApeCoin was launched via an airdrop that took place on March 17. In an interview with the business magazine Fortune, Nathan...

Crypto exchange Binance released a document, confirming to the Ontario Securities Commission that it ceases opening new accounts for Ontario residents. With some exceptions to protect investors, the exchange will cease trading in existing Ontario accounts. It will also provide fee waivers and...

Leading crypto trading platforms PancakeSwap and Binance released the initial version of the Mini program in Binance mobile app. The blog post published on March 17 by the Binance team reveals that starting from the date Binance mobile users will progressively receive access to PancakeSwap. The...

Commonwealth statutory authority, The Australian Competition and Consumer Commission announced suing Facebook parent company Meta for supposedly allowing misleading crypto ads on FB. ACCC claims that the platform is involved in misleading actions by publishing scam ads that feature popular...

Optimism, which is an offchain scaling solution for Ethereum, attracted $150 M in a Series B funding round. Investors have valued the project at $1.65 B. Paradigm and a16z led the round. A blog post by the company says within a year since its release on the mainnet, Optimism has allowed users to...

Decentralized lending and borrowing protocol Aave announced that Aave V3 went live on mainnet across six networks; Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony. The upgrade has brought new features that improve capital efficiency, enhance decentralization, security, and cross-chain...

The CEO of the financial services and investment management company Galaxy Digital, Mike Novogratz says the world won't switch to bitcoin overnight, but we are entering the world where people will try to figure out what is the reserve currency, looking to different assets like gold and digital...

With the approval by the President Volodymyr Zelenskyy crypto is now legal in Ukraine. The decision was made amid the Russia-Ukrainian war. Ukraine received about $100 M in crypto donations for military equipment, humanitarian assistance and general aid. The Press Office of the Ministry of digital...

Popular NFT collection Bored Ape Yacht Club announced the launch of a token for the ecosystem, ApeCoin (APE). The cryptocurrency is an ERC-20 governance and utility token, owned and operated by ApeCoin DAO. As announced, it is the official currency of the BAYC ecosystem to allow the community to...

Binance has expanded its presence in the Middle East receiving a virtual asset license in Dubai, UAE. The news comes just two days after the company was granted a license from Bahrain’s CB. In the initial regulatory stage under the supervision of the Virtual Asset Regulatory Authority (VARA),...

The Bank of Ghana (BoG) released a report that said electronic and mobile payment solutions will be used along with the national digital currency, eCedi. The Bank finds the eCedi must complement and enhance current payment methods. It will solve the pain points in the current system such as delayed...

One of the world’s leading banks, HSBC aims to be a part of the metaverse by collaborating with the blockchain-powered virtual world, The Sandbox. HSBC will obtain a LAND, an NFT representing real estate in the digital world. It becomes the first global financial company to collaborate with The...

Meta (formerly Facebook) CEO Mark Zuckerberg announced during the annual event South by Southwest (SXSW) that the Instagram team is working on bringing NFTs to the network in the near term. The executive didn't say when exactly it will happen, but mentioned: "hopefully in the coming...

Ethereum gas fees have fallen to their lowest since August 2021. Data from the investment research platform YCharts shows the last Ethereum average gas cost was 35.17, worth around $2. According to Etherscan gas tracker, currently the average price for a transaction is 70 gwei ($3.12). Gas fees...

Ethereum software firm ConsenSys revealed closing Series D funding round with $450 M raised. Thus, the company’s valuation topped $7 bln. Investment firm ParaFi Capital, which took part in the Series C round of the company in Nov. 2021, led the round. Among the participants were Temasek, SoftBank...

Popular crypto exchange Binance revealed being granted a crypto service provider allowance from Bahrain’s Central Bank. The Binance team released a blog post, saying that the step is a major gain for the company as it is their first crypto asset provider in the alliance of the six Middle Eastern...

The Ethereum protocol support team published a blog post, announcing that Klin testnet is in the process of launching. Kiln is supposed to be the last merge testnet of Ethereum to switch to the Proof of Stake consensus model. The blog post explains that similar to the Ethereum mainnet, the...

The European Union rejected the proposed bill that could have banned the first and the largest crypto, Bitcoin. Today, The Committee on Economic and Monetary Affairs (ECON) of the European Parliament voted on the Markets in Crypto Assets draft, with the majority saying no to it. MICA offered a...