News and Articles by Anahit

DeFi protocol Badger DAO was hacked on December 2, and attackers managed to access funds worth around $130 Million. The team announced that smart contracts were paused to disallow further withdrawals while they were investigating the hack. On December 10, Badger announced the process of Return...

Peer-to-peer payments technology Circle revealed that its stablecoin USDC started operating on the smart contracts protocol Avalanche. Released in 2018 on Ethereum, USDC is the second-largest stablecoin after Tether and the 7th largest crypto. The coin has a market capitalization of over $41.7 bln....

In a recent interview with Bloomberg, the CEO of crypto-focused investment firm Galaxy Digital, Mike Novogratz talked about cryptocurrencies, NFTs, DeFi, the policy of the US Federal Reserve System, and what developments he expects. The businessman finds the lowest level that Bitcoin may fall is...

The Senate Banking Committee discussed the sector of stablecoins in a recent hearing. Subjects of regulations and whether the assets are good for the economy or can lead to a financial crisis were raised. Four witnesses testified: director of financial policy at Open Markets, Alexis Goldstein,...

The United Kingdom’s Central Bank released a Financial Stability Report, where it mentioned the rapid evolution of the crypto industry. The regulator said that domestic and global regulations must cooperate to control the risks of the fast-evolving market of cryptocurrencies. The Financial Policy...

Input-Output Hong Kong (IOHK) revealed the launch of testnet which allows tokens built on top of Ethereum to come to Cardano’s environment. For this purpose, Cardano collaborates with the decentralized AI protocol SingularityNET and its native crypto asset AGIX. SingularityNET allows creating,...

Business magnate, the person of 2021 by Time magazine, Elon Musk talked about crypto, in particular Bitcoin and Dogecoin, pointing out their advantages and use cases. Musk was a co-founder of digital payments company PayPal and says the nature of money is one of the things that is possible to...

Over the last day, the crypto market cap dropped by over 5%. Currently, it stands at around $2.13 trillion. Prices of most cryptocurrencies have seen significant losses in the last 7 days. The lowest price of Bitcoin in the last 24 hours, was $45,894.85 according to CoinMarketCap. In that...

Myanmar’s National Unity Government accepted the largest stablecoin Tether (USDT) for internal use. The Burmese government in exile was formed in 2021, by those who are against the current regime and support the arrested Aung San Suu Kyi, who previously was State Counsellor of Myanmar. NUG...

Leading international bank BBVA (Banco Bilbao Vizcaya Argentaria) unveiled it has expanded its crypto services. The Swiss franchise of the bank now allows customers operations with Ethereum. BBVA Switzerland presented BTC trading and custody service this June, and revealed intentions to introduce...

Today (Dec. 13) Binance Singapore has unveiled cancelling its application for a license to run crypto services. Binance.sg published a press release, saying the platform will fully stop functioning till February 13. In the announcement, the team informed that some functions are already unavailable....

Attackers targeted the Twitter account of Indian PM Narendra Modi. On Sunday, Dec. 12, they spread fake news that India has adopted BTC. Also, the hackers wrote that the country acquired 500 coins to distribute to India’s residents. The office of the PM of India informed Twitter about the hack,...

On December 10, Solana transactions slowed down. The founder and CIO of the crypto investment firm Cyber Capital, Justin Bons says there was a DDoS (distributed denial of service) attack, and the attacker exploited design flaws. Solana co-founder Anatoly Yakovenko replied Bons, saying he didn't get...

One of the most crucial events in the crypto industry, the lawsuit between the SEC and Ripple continues. On Dec. 10, the parties filed a motion, requesting from the Court to extend the deadline of an expert discovery by three days. For now, the discovery is set to close on January 14, 2022. In the...

ARK Invest CEO and CIO Cathie Wood is bullish about the future of crypto, despite the current price decline. During a recent interview with CNBC on December 9, Wood shared her predictions. She reiterated her view that if more institutional investors choose Bitcoin, the price of the coin will...

One of the top crypto exchanges, Coinbase now enables users from over 70 countries to earn interest via Decentralised Finance (DeFi).The USA isn’t among those countries. In a press release published on December 9, the company said that users will be able to earn DeFi yield on USD-pegged...

In terms of the program Jura, national banks of France and Switzerland, together with the BIS Innovation Hub implemented a test for wCBDC (wholesale central bank digital currency). The experiment was a part of the Banque of France series of CBDC tests, which started in March 2020. It leveraged a...

During the ZK summit, Polygon unveiled the big news it said was coming. That is the purchase of a startup, working on Ethereum scaling, Mir for $400 M. Previously, the Polygon team said it had exciting news to unveil. Mihailo Bjelic, Jaynti Kanani and Sandeep Nailwal, Polygon’s co-founders, spoke...