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News and Articles by Anahit

Tesla Q2 results Bitcoin

Tesla's Q2 Report Discloses $23 M Impairment Loss on BTC


American electric car producer Tesla presented a report on the results of the second quarter of 2021. The paper indicates new highs with a net income of $1.14 B. The firm also stated a Bitcoin-caused impairment loss of $23 million as at the time of purchase the price of the coin was higher than...

Amazon about bitcoin payments

Amazon Says It Has No Plans to Allow BTC Payments Yet


Popular online shopping company Amazon commented on the rumors about the possibility of its accepting crypto payments. According to the press release published by Reuters on July 27, the representative of the company said the team is interested in crypto, but there are no certain plans on their ...

Tether execs investigation

The US Authorities Investigating Tether for Possible Offense


As reported by Bloomberg on Monday, the US Department of Justice began an investigation to find out if Tether execs are behind a bank fraud. Particularly, the process is meant to discover if the company which developed the dollar-pegged stablecoin USDT tricked banks making transactions and...

Binance margin tradin changes

Binance Ends Crypto Margin Trading on EUR, GBP, and AUD


Widely used crypto exchange Binance terminates margin trading on the pound sterling, the euro, and the Australian dollar from August 10. As noted in the blog post released on July 26, Binance Margin will be settled in an automated way, annul orders, and remove pairs that include the above-mentioned...

FTX leverage reduction

FTX Changes Its Leverage Size, Making It 5 Times Lower


Major crypto exchange FTX cut its allowed leverage, making it 20X from 100X. By doing so, the company aims to reduce risks connected to trading. Through leverage, traders borrow funds to boost their position and receive income. So, for example, 100X leverage will raise a $500 BTC position to be as...

Bitcoin price above $39.000

BTC Price Surged Above $39.000 for the First Time in 6 Weeks


Bitcoin price gained over a 10% increase in the last 24 hours, surpassing $39.280. This is the first time since June 16 that the coin went above $39.000. In general, most cryptocurrencies are in green. The biggest altcoin, Ethereum, gained around 7% and trades at...

Binance CZ about IPO

Binance US Is Planning an Initial Public Offering IPO


Binance CEO Changpeng Zhao (CZ) revealed that the company's U.S. branch may go public via an IPO. The announcement was made during an online conference REDeFiNE Tomorrow held on July 23. CZ also said that the major crypto exchange Coinbase helped to form a "playbook" for crypto firms...

Amazon hiring blockchain expert

Amazon in Search of Digital Currency and Blockchain Expert


U.S. e-commerce focused IT giant Amazon is hiring a digital currency and blockchain product lead. As stated in the job announcement, the specialist will be a part of the payments proceedings team. The new teammate will own the vision and strategy for blockchain-based product strategy and its...

THORchain attacked

THORchain Suffers an $8 M Attack By a White Hat


Decentralized liquidity protocol THORchain became the target of cybercriminals. For the third time in the course of a month, the protocol was attacked. As the team informs via Twitter the hack that took place on July 23, was a white hack, where the attacker willingly caused less damage. THORchain...

Axie Infinity new high

Axie Infinity (AXS) Reached a New All-Time High of Over $32


Gaining over a 37% increase over the previous 7 days, the native token of the blockchain-based gaming platform Axie Infinity, AXS reached a new high of over $32. In 2021, the token's price has gone up by around 5.000%. Currently, AXS ranks 48 by market cap which stands at over $1.8 B. Founded in...

Busta Rhymes Holds Bitcoin

Busta Rhymes Buys BTC After "The B Word" Conference


American rapper, songwriter Busta Rhymes or Trevor George Smith Jr., announced holding Bitcoin and eyeing for Ether next. The celebrity announced being inspired by the live discussion by Twitter CEO Jack Dorsey, Space X CEO Elon Musk, and ARK Invest's CEO Cathie Wood in terms of "The B...

JP Morgan crypto services

JP Morgan Made Crypto Funds Available for Its Clients


Wealth managers of one of the US largest banks, JP Morgan now are authorized to provide their customers access to crypto, reports Business Insider. Thus, the establishment became the first of the largest banks in the US to do so. The five crypto products that JP Morgan's consultants can operate...

Global X Bitcoin ETF

Global X Files for a Bitcoin ETF


New York-based exchange-traded funds operator Global X filed with the US SEC to list its BTC Trust on the Cboe BZX Exchange owned by Cboe Global Markets. The trust's administrator will be leading US bank BNY Mellon. It was mentioned in the filing that the Trust aims to mirror the BTC indicators...

Stellar MoneyGram

Stellar Foundation Approached MoneyGram for Acquisition


As reported by Bloomberg on Wednesday, Stellar Foundation, a non-profit organization standing behind the development of the Stellar network and the cryptocurrency XLM, contacted money transfer company MoneyGram on a possible purchase. Bloomberg informs the news was provided by unnamed people...

Vitalik Buterin Ethereum Conference

Vitalik Buterin Says Ethereum Must Go Beyond DeFi


Ethereum co-founder Vitalik Buterin said in his speech during Ethereum Community Conference (EthCC), held in Paris that Ethereum aims to progress beyond the DeFi space. The 4th EthCC began on July 20 and will end on July 22. Buterin referred to DeFi and cryptocurrencies as the most interesting part...

Musk about Bitcoin

Elon Musk Revealed He Owns BTC During "The B Word" Conference


On July 21, during Bitcoin-centered "The B Word" conference, Ark Invest's CEO Cathie Wood, Tesla's CEO Elon Musk, and Square's CEO Jack Dorsey had a live discussion with the moderation of Steve Lee. Answering the question about his views on BTC, Musk said "It makes sense to support...

Bitcoin price $31.800

BTC Goes Up to $31.000: Will It Secure the Support Level?


After falling below $30.000, the Bitcoin price managed to go up by around 7% over the last 24 hours. Currently, the coin trades at around $31.800. Data from a cryptocurrency information platform Bybt shows that as Bitcoin dropped to its 1-month low of $29.360 yesterday, whales stepped in. In one...

BNY Mellon Pure Digital

Bny Mellon and Others Back Crypto Marketplace Pure Digital


American investments manager BNY Mellon backs London-headquartered crypto marketplace Pure Digital with State Street and four other banking establishments. As reported by Financial Times, the move is motivated by the increasing interest in crypto by their customers. One of the US ancient banks,...

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