News and Articles by Anahit

The US National Treasury issued a report which defines new regulatory terms for cryptocurrencies. Transactions worth $10.000 and more must be reported to the IRS. This proposal was made in terms of president Biden's suggested American Families Plan. It puts forward a number of changes like...

On May 20 Ethereum co-founder Vitalik Buterin gave an interview to CNN business. Talking about the recent crash in the crypto market, Buterin said it didn't surprise him. According to him, cryptocurrencies are in a bubble, and it's difficult to guess when they will rise. Buterin said it can happen...

After seeing a major decline and dropping to $30.600, the price of Bitcoin seems to be recovering. The cryptocurrency gained $10.000 in a day and currently trades at around $39.900. BTC dominance index stands at 43.09% which is up by 2.7% in a day and the market cap is $753.9 billion. Most...

Today, May 20 Binance Smart Chain-based DeFi aggregator PanCake Bunny was attacked and lost $200 M in crypto. The hacker used a flash loan. After the exploit, the price of the BUNNY token fell significantly, by about 96%. PanCake Bunny's team announced the criminal's steps through several tweets....

Famous humorist, TV show host Steve Harvey is introducing a new set of NFTs with the purpose to direct the sum to Steve & Marjorie Harvey Foundation. He also announced holding Bitcoin and Ether. The star presented his first 3 NFTs on the platform Rarible on May 14. They were in the form of...

Crypto management platform BlockFi sent users large sums in Bitcoin by mistake. The payments were thought to be done in terms of a promotion that rewarded users with bonuses in USD stablecoins. The promotional period lasted from March 18 to 31 and the rewards were to be transferred to people's...

Ripple, the blockchain company that developed XRP cryptocurrency revealed a collaboration with the National Bank of Egypt. As stated in a paper published on May 18, the cooperation between Ripple, NBE, and the remittance firm based in the United Arab Emirates, LuLu Exchange aims to deliver...

While the bearish trend prevails for most cryptocurrencies currently, Aave (AAVE), Polygon (MATIC), and Solana (SOL) reached new all-time highs: $666, $2.68 and $58 respectively. MATIC, the native token of the Ethereum scaling solution Polygon now ranks 14th with a market cap of over $14.8 B. The...

A new decision adopted by China states that financial establishments and payment operators of the country are disallowed to deliver services concerning crypto activities. The country also urged investors to be careful while purchasing crypto. Particularly, it said cryptocurrencies don't represent...

Today, May 18, business intelligence company MicroStrategy announced another major Bitcoin purchase. The company purchased 229 BTC for $10 million. Currently, MicroStrategy's bitcoin holdings are about 92,079 units traded for over $2.2 billion at an average price of 24,450. MicroStrategy has...

New York-based financial services provider Galaxy Digital which is centered on digital assets, cryptocurrencies, and blockchain, presented the outcomes of the first quarter of 2021. The company's Chief Executive Officer Michael Novogratz states that the firm's net income reached $860 M. Last...

The American television network Fox Broadcasting together with Rick & Morty co-author Dan Harmon revealed developing the first animated series in history curated completely on the blockchain. On May 17, the company's press release site Fox Flash issued a new post, introducing an Upfront...

On May 17, crypto exchange Coinbase revealed its plan to boost $1.25 B by selling convertible bonds. The latter is a security offering that allows the purchaser to acquire shares or cash of common stock in the issuing company. In the case of Coinbase, the sale represents Convertible Senior Notes...

bEarn Fi, an auto yield farming protocol based on Binance Smart Chain lost about $11 M as a result of the flash loan attack, which happened on May 16. Attacking bVaults’ BUSD Alpaca strategy, the attacker used flash loans and managed to steal over $10.8 M in the stablecoin BUSD. In DeFi, vaults...

The native token of the Solana blockchain SOL has increased in price over the previous 7 days. On May 16 it hit a new all-time high of $52.50. Currently, the token ranks 16th with a market cap of $13.6 B. It trades at around $49. The surge happens at a time when red lines prevail in the crypto...

For the first time since mid-2018 Bitcoin dominance index fell as low as 40.6%. The market cap of the coin is under $1 trillion and stands at about $843 B. The BTC price has seen over a 22% decline during the previous 7 days. Currently, it trades at around $45.000. Bitcoin saw a major decline on...

The youngest billionaire in the crypto industry Vitalik Buterin has burned 90% of his Shiba Inu owning, valued at $6.7 B received by the coin's developers. Data from Etherscan shows that the transaction was done on May 16. In an attached note Vitalik Buterin gave the motive of his move. He said it...

Internet Computer (ICP), a coin released on May 10, now has a market cap of about $35.2 B and is among the top 10 cryptos. The token trades at about $283. Its highest price of $737 was registered on the launch day. ICP is the in-built token of IC built by the tech firm Dfinity Foundation. The...