News and Articles by Anahit

Leading crypto exchange Coinbase published a shareholder letter on August 10 reporting the results of the second quarter, 2021. The numbers are higher than estimates made by analysts. As Coinbase announced, the interval was strong with progress and diversification. The firm's net profit was $1.6 B...

One of the largest cinema operators in the world, AMC Entertainment aims to enable payments in Bitcoin for tickets by 2022. The company’s chairman and CEO, Adam Aron disclosed the news during the conference related to the company's Q2 results. He said that the chain aims to have a framework to...

Increasing by around 18% over the previous 7 days, Bitcoin's price surpassed $46.500 for the first time since the May market crash. At the moment, the price stands at over $45.400 with a market cap of about $853.7 billion. Ethereum price has surged too. On August 7, it surpassed $3000. Today it...

Data provided by DappRadar.com shows that the decentralized gaming platform Axie Infinity, launched in 2018, surpassed $1 B from NFT sales. Thus, Axie became the first NFT game to break above this mark. Currently, there is $1,055,735 worth of tokens from the Pokémon-inspired NFT game traded via...

On August 5, Ethereum London hard fork was launched, changing the way miners get rewards. The network's new fee-burning mechanism, called Ethereum Improvement Proposal (EIP-1559) has removed around $49 M in Ether from circulation. EIP 1559 came to replace Ethereum's previous fee-calculation...

Brian Brooks, a former U.S. Acting Comptroller of the Currency who started his service as the CEO of Binance US in early May, revealed leaving the position. The executive disclosed the news on Twitter on August 6, saying that in spite of differences over strategic approaches, he wishes the company...

The US Senate is discussing a crypto provision put forward by Rob Portman, Mark Warner and Kyrsten Sinema. That suggests increasing requirements for crypto brokerage reports to the IRS and filing for transactions on certain kinds of digital assets. The provision was narrowed down later, however,...

Widely popular crypto exchange Binance revealed that its trading option of crypto-derivatives stops being available in Hong Kong. As stated in the release published today, the new rules come into effect immediately, disallowing newbies to create accounts and implement operations crypto derivatives...

The USA Senate is currently discussing an infrastructure project that includes crypto. A bill presented on August 2 offered to gather $28 M from the industry. That would be achieved via transaction records and new reporting rules for crypto brokers. The bill wasn't received well by everybody....

The US SEC vs Ripple case can come closer to its solution with Magistrate Judge Sarah Netburn's decision to grant Ripple CEO Brad Garlinghouse access to reports of leading crypto exchange Binance. Per the decision announced on August 3, Ripple’s becoming able to hold discovery across the US...

Leading crypto exchange CoinBase stopped BSV trading after the recent attack. On August 3, after the news that the BSV protocol suffered a 51% attack, Coinbase reported about the decision. Hackers managed to reorg more than a dozen blocks and mine 3 chains at the same time. Although the Bitcoin...

BSV (Bitcoin Satoshi Vision), a fork of Bitcoin Cash, created in 2018, suffered a major attack of 51%. That happened on August 3, about 11:45 am when the hackers were able to alter the system creating 3 different chains that were mined together. The news was first published by the network data PM...

A $1 trillion infrastructure bill is currently being discussed in the US Senate. The plan is meant to increase the US funds and make improvements in the country. Crypto, particularly its tax-reporting and transactions are a part of the bill. The provision aims to raise $28 B from the sector. Senate...

The trading volume of NFT markets along with average prices have gone up to new highs over the previous week, especially during the weekend. According to data provided by the dapp analytics platform DappRadar,the NFT marketplace OpenSea reached $35 M traded volume on July 31 and $49 M on the next...

Coastal metropolis Miami will present its cryptocurrency MiamiCoin (MIA) on Aug. 3. It will be used to implement city development programs and various events. So, everyone will be able to help the city’s progress by purchasing or mining MIA and the received amount will go to the city's...

Crypto startup Matrixport, co-founded by digital asset mining firm Bitmain's ex CEO Wu Jihan and Ge Yuesheng in February 2019, raised over $100 M in Series C. Thus, the Singapore-headquartered company's valuation reached $1 B. Matrixport, a financial services company, raised $100 million at a...

Cash App, developed by Jack Dorsey’s financial services company Square, published the results of the second quarter of 2021. The report shows that the company's BTC revenue has risen 200% reaching $2.72 B from $875 M. The gross income of BTC went up to $55 million from $17 million. This means a...

SEC-registered automated investment services and advisory provider Wealthfront informed about expanding its investment options, including two crypto trusts: Grayscale Bitcoin Trust and Grayscale Ethereum Trust. As the firm stated via a blog post published on July 29, its aim was to provide...