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News and Articles by Anahit

Goldman Sachs crypto

Goldman Sachs Survey Says Insurers' Interest in Crypto Grew


Leading bank Goldman Sachs published its yearly survey on the insurance sector. The release included cryptos as well. 328 high level financial officials took part in the survey. They present about half the $26 T world’s insurance field. The results of the survey showed that 6% of participants...

OpenSea employee

Former OpenSea Executive Accused of Insider Trading


An ex-employee at the popular NFT platform OpenSea, Nate Chastain, is accused of fraud and money laundering. Each of these counts carries a max sentence of 20 years. However, a judge's sentence is yet to come. According to an announcement by the US Attorney's Office for the Southern District of New...

Solana blockchain outage

Solana Experienced a New Outage


On June 1, the Solana blockchain faced a technical difficulty, as a result of which the network was halted for over 4 hours. The team tweeted that a bug led to nodes' generating different results for the same block, because of which operations stopped advancing. After about a 4 and a half hour...

Optimism tokens airdrop

Optimism's OP Token Falls 65% After the Airdrop


Ethereum layer 2 scaling solutuion Optimism launched its native token OP today through an airdrop. After the launch the price of the token dropped by around 70%, falling from $4.5 to $0.7. Currently, OP trades at around $1.3. The Optimism team announced an airdrop of the 5% of the total supply of...

Goldman Sachs FTX

Goldman Sachs Considers Integrating FTX for Derivatives Trading


Major investment bank Goldman Sachs holds talks with the crypto trading platform FTX to integrate some solutions of their derivatives operations. A report by Barron's says a person close to the subject informed that the company aims to expand its crypto derivatives offering by using some functions...

UK stablecoins regulations

UK Authorities to Strengthen Stablecoin Regulations


The United Kingdom government released a consultation paper on May 31 that recommends improving the current legislation to face risks related to stablecoins. The news came after the Terra ecosystem's collapse. The paper suggests giving the Bank of England additional power to manage the...

Fidelity crypto news

Fidelity Digital Assets to Double the Number of Workers


Fidelity's crypto unit is going to double the number of its employees as it assumes the demand for cryptos will rise this year. The international financial services company launched Fidelity Digital Assets in 2018 to enable the storage and trading of Bitcoin. A publication by Wall Street Journal...

Morgan Stanley crypto VCs

Crypto VC Capitals to Slow, Morgan Stanley


Leading bank Morgan Stanley predicts that the amount of venture capital crypto investments may decrease by 50% this year. The institution said in a report, despite the latest fall of the market, crypto investments remain high. Last year, crypto firms secured a record of $30 bln of VC investments....

Cardano ADA price

Cardano ADA a Top Gainer of the Week


Over the last 24 hours, the total crypto market cap increased by around 3% and now stands at above $1.3 trillion. After nine consecutive weeks of losses, Bitcoin price went above $31,600 again. Ether trades at above $1960. The Cardano blockchain's ADA coin is among the biggest gainers of this week....

Terra Luna South Korea

South Korean Authorities Investigate Terraform Labs


Terra's crash caused discussions and questions. The South Korean government now is investigating Terraform Labs, the company that developed the project to find out whether the team manipulated the price. According to local media, authorities have called on Terraform Labs employees as a part of a...

Terra Luna 2

Luna 2 Drops 70% In 2 Days After Launch


The Terra ecosystem was relaunched via Terra 2.0 on May 28. Now, the original Terra is called Terra LUNA Classic. The price of the new LUNA token, or Luna 2.0 has seen great volatility. Since the release, the token fell by around 70%. LUNA 2 tokens were airdropped to those who had Luna Classic,...

Elon Musk Dogecoin SpaceX

SpaceX to Support Dogecoin Payments, Musk Says


On May 27, Elon Musk revealed that SpaceX will accept Dogecoin. In January, Tesla started supporting DOGE as a means of payments for certain products. A user asked whether they will be able to pay for Starlink subscriptions via the meme coin in the future. Replying to the question, Musk said one...

Tether Polygon

Tether’s USDT Now Operates on Polygon


The third largest crypto and the largest stablecoin USDT now operates on the Ethereum scaling solution, Polygon in addition to other blockchains, including Ethereum, EOS, and others. The Polygon team published a blog post that says the network's DeFi space will benefit greatly from USDT, which...


STEPN GMT Price Falls After the Announced China Ban


STEPN, a move-to-earn web 3 application recently revealed blocking users based in China to comply with regulations. The project, based on the Solana blockchain, launched its native token GMT in March 2021. Users can buy and trade NFT trainers in the game and earn rewards in GMT while walking and...

Vitalik Buterin algorithmic stablecoins

Buterin Said How to Create Algo Stablecoins That Will Last


Crypto and blockchain influencer, the co-founder of the Ethereum blockchain, Vitalik Buterin published an analytical article about algorithmic stablecoins and how they can operate efficiently. The most essential thing about stablecoin protocols is resiliency, according to Buterin. He wrote that the...

Portugal crypto tax

Portugal's Parliament Rejects Crypto Tax Bills


During a budget voting session on May 25, the Parliament of Portugal rejected proposals to tax BTC and other cryptos. The bills suggested taxing crypto profits in excess of €5,000 (equal to $5,340.45). Since 2018, Portugal has considered taxing individual crypto sales. Currently, the country...

crypto JPMorgan

JPMorgan Says Bitcoin Has a Significant Upside Potential


Amid bearish sentiments prevailing in the market, Nikolaos Panigirtzoglou and other strategists of the leading investment bank JPMorgan said in a note that BTC is likely to go up after the recent fall. They predicted the rise of the coin to $38,000, about a 29% increase of Bitcoin's current trading...

a16z crypto investments

Andreessen Horowitz Announced a $4.5 B Web3 Fund


Venture Capital company Andreessen Horowitz (a16z) has closed its latest crypto fund of $4.5 billion. This is the fourth crypto fund by the company for crypto and blockchain startups. The VC will dedicate $1.5 billion of the mentioned amount to seed investments, and $3 billion to venture...

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