News and Articles by Anahit

Founder and CEO of Terraform Labs, Do Kwon has accepted a $1 M bet on the price of the LUNA coin native to the Terra blockchain. The bet was offered by a Twitter user with the pseudonym Sensei Algod. The essence of the deal is the following; both parties send 1M in the stablecoin USDT to a crypto...

The Chief Executive Officer of PayPal, Dan Schulman believes cryptocurrencies and blockchain will redefine the financial sector. In an interview with the Israeli tech news provider CTech, Schulman mentioned being excited about what crypto and digital ledger technology can do to the financial sector...

Business magnate Elon Musk tweeted about the current financial situation and inflation asking opinions about the future inflation rate for the coming years. Musk wrote that Tesla and SpaceX are seeing high inflation pressure in raw materials as well as logistics. As a common principle, Musk said...

Yuga Labs, the creator of the well-known NFT collection Bored Ape Yacht Club, revealed acquiring CryptoPunks and Meebits from Larva Labs. The company published a blog post, saying that it gave full commercial rights to the community. With the purchase, Yuga Labs now owns the brands, copyright in...

The CEO and co-founder of the payments technology Circle, Jeremy Allaire commented on the crypto executive order by President Biden. He finds that the step is a watershed moment in the industry as the government administration thus shows that it understands digital currencies are here to stay....

The FCA of the United Kingdom has released a warning that says crypto ATMs running in the country are’n legal and they must stop functioning. The statement says that the companies must be listed with the regulatory body. As the FCA reports, none of the crypto asset firms is currently registered...

Ethereum Layer 2 scaling solution Polygon experienced an 11-hours long outage, started on March 10. Developers informed about the possibility of the outage beforehand, saying that there were some issues related to the network's validator layer Tendermint's implementation caused after a recent...

Spain-based international financial services provider, Santander revealed a collaboration with the tokenization platform for grain-backed assets, Agrotoken. The press release published by the company reveals that due to the partnership, the companies will provide loans with tokens based on soy,...

The EU announced a new decision to extend the scope of sanctions on Russia and Belarus. According to a press release, published by the European Commission, the Members agreed to impose new targeted sanctions related to the situation in Ukraine and in response to the involvement by Belarus. The...

Today, the US Secretary of the Treasury, Jannet Yellen disclosed some details of President Joe Biden’s crypto executive order. According to the publication, the much awaited paper defines a detailed approach to digital currencies. It’ll support responsible innovation due to which the country,...

Immutable X, Ethereum's leading NFT scaling protocol, announced closing Series C round, raising $200 M. Thus, the company's valuation hit $2.5 bln. 1/ Major news: we’re thrilled to announce @Immutable has raised $200M in Series C funding @ $2.5B val.🎉We’re supercharging our mission to make...

Leading crypto trading platform and development infrastructure provider Binance announced the launch of its fiat-to-crypto payments company, Bifinity. Bifinity supports more than 50 crypto assets and popular payment methods like VISA, Mastercard, and more. Powered by Binance, Bifinity is a...

Leading crypto exchange Coinbase announced blocking over 25,000 addresses that belong to Russian users. The company believes that the users were engaged in illegal activities. An article by the Chief Legal Officer of Coinbase, Paul Grewal, states that the platform is committed to complying with...

DeFi architects Andre Cronje and Anton Nell, who have years of experience in developing and leading various projects, made a decision to leave the industry. According to a tweet by Anton Nell, the pair is ending the chapter of contributing to the DeFi/crypto sector. Nell added that there are about...

The Senate of the US state of Virginia approved a bill that will allow banks to provide crypto custody services in case they have enough resources to manage possible risks. Governor Glenn Youngkin is expected to sign the document in 7 days. This means that customers can trust banks to safe keep...

US fast-food restaurant company Shake Shack will give Bitcoin rewards for purchases made via Cash App, the mobile payment service released by Block, a company that delivers financial solutions. Paying with Cash app’s debit card and using the rewards project, users will get 15% of the paid amount...

The blockchain protocol Algorand announced a technical upgrade to expand its smart contracts functionalities, allowing one smart contract to call another. Due to this option, developers can build more sophisticated apps. The upgrade also provided a new infrastructure that allows the protocol to...

The president of Venezuela, Nicolas Maduro announced that the minimum wage in the country will be pegged to the value of half Petro (PTR), the national cryptocurrency of Venezuela. The monthly minimum wage will go up 18 times to around 26 bolivars ($28) by pegging it to the value of half PTR....