News and Articles by Anahit

The US SEC continues to disapprove physically-backed Bitcoin Exchange Traded Funds (ETFs). On Dec. 22, the regulator released the decisions on the requests from the exchanges NYSE Arca to trade shares of the Valkyrie BTC Fund and Cboe BZX to trade Kryptoin BTC ETF Trust. The reasons for rejections...

A year ago, on December 22, the US Securities and Exchange Commission (SEC) started a lawsuit against the blockchain company Ripple and its executives Chris Larsen, and Brad Garlinghouse. The regulator says XRP, the native crypto of Ripple, is unregistered security, and Ripple Labs wasn't allowed...

Block (formerly Square) CEO Jack Dorsey criticized the web 3 sphere recently, saying it isn't decentralized, but venture capital firms are those who own it. In a tweet published on December 21, the former CEO of Twitter said web 3 is a centralized entity with a new label. In a later tweet, Dorsey...

Ethereum scaling network Polygon and Opera Browser built a collaboration, which suggests the browser's integration with Polygon, thus providing users in-browsers access to over 3000 dapps supported on Polygon. Among leading dapps operating on the Polygon protocol are lending and borrowing protocol...

The president of El Salvador, Nayib Bukele made another Bitcoin acquisition on Dec. 21. Before the transactions, he tweeted that El Salvador’s total size is 21,000 km2. Bukele mentioned he doesn't think it's a coincidence. He added the Bitcoin hashtag and El Salvador's flag to the post. Bitcoin's...

The native crypto of the Terra blockchain ecosystem, LUNA keeps rising. Going up by over 66% in the last 7 days, the price of the token surged over $97. At the moment, LUNA is the 9th largest crypto with a market cap of over $36 bln. Total value locked in Terra has gone up essentially, making it...

Former US President Donald Trump’s crypto views haven’t changed. Lately, he once again criticized the sphere, saying it is very dangerous. He stated his opinion at the interview with financial journalist Maria Bartiromo on FOXBusiness. To Bartiromo’s question, what Trump thinks about crypto...

The Ethereum development team has completed the Kintsugi public testnet, set to check for the latest blockchain algorithms as a part of switching from Proof-of-Work to Proof-of-Stake consensus. With the switch Ether mining will be based on deposits and become environmentally friendly. The...

Toronto-based medical website "Ask the Doctor", which previously added 31 billion Shiba Inu (SHIB) tokens to its balance sheet, said today that it had eliminated all its SHIB tokens. Also, the company called SHIB the biggest scam in crypto, and its founder, with the pseudonym Shytoshi...

Popular crypto ecosystem Binance revealed having signed an agreement document with the world's leading business event center venue DWTC. The news comes a day later after the Dubai government revealed the DWTC becomes a place and regulator for virtual assets and cryptos. Binance CEO Chaopeng Zhang...

Leading international bank JP Morgan is partnering with the largest industrial manufacturing firm in Europe Siemens. JP has created a structure for the manufacturer’s payments. A release by Financial Times, says the institutions presented a first-of-its-kind app. The system is being used for...

On Dec. 17, major sportswear company Adidas presented 30.000 "Into the Metaverse" NFTs. The assets that will allow purchasers to be a member of a fan club, and acquire special merch drops were minted and sold out in hours. The cost of one NFT was 0.2 Eth, which is around $754 at current...

Today, December 20, the government of Dubai published a press release, saying that the Dubai World Trade Centre (DWTC) will turn into a comprehensive zone and regulator for digital assets and crypto. As the government said the statement includes digital assets, products, operators, and exchanges....

The first 5 projects winning Polkadot Parachain auctions, Acala, Astar, Clover, Moonbeam, and Parallel Finance were officially launched on the network. They are focused on DeFi and will serve to enhance Polkadot’s scalability. In the blog post published on Dec. 18, the Polkadot team said that the...

Terra blockchain protocol has overtaken Binance Smart Chain by total value locked (TVL) in its smart contracts. According to data tracker DeFi Llama, the total volume locked in Terra currently stands at around $17.3 billion. The amount went up by over 36% in the last 7 days. Now, Terra is the...

Ethereum is the most used blockchain protocol as of December 2021. However, as the network is heavily congested, it faces difficulties such as high transactional costs and delayed operations. Meanwhile, alternative blockchain ecosystems continue to grow, making the competition stronger. At the...

Entrepreneur, Reddit co-founder Alexis Ohanian, and Polygon Network have built a $200 M initiative to drive the growth of web3-based projects. Ohanian's VC firm Seven Seven Six and Polygon will back the projects representing the industry. The Polygon blockchain will deliver the infrastructure for...

Optimism, one of Ethereum’s off-chain scaling solutions, that uses rollups techniques revealed, removing its whitelist. Now, anyone can deploy applications to the Optimism mainnet. Originally Optimism launched with a whitelist, and only projects included in it could deploy smart contracts on the...