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News and Articles by Anahit

Poly Network DeFi hack

Hackers Returned $342 M of Stolen $613 From Poly Network


On August 10, one of the DeFi's largest hacks ever took place which resulted in stealing around $613 M from the cross-chain protocol Poly Network. After the case, the network contracted hackers via Twitter calling on to return the seized funds. The attacker answered via Ether transaction note,...

Jamaica CBDC

Jamaica’s Central Bank Mint First CBDCs


Jamaica’s CB minted the first amount of the country’s national currency in digital form. On August 9, the official site of the establishment published the news. The division working on the digital currency project carried out a small financial ceremony demonstrating the way of minting. Among...

Coinbase Q2 report and revenue

Coinbase Q2 Revenue Surpassed $2 Billion


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...

AMC theatres bitcoin

US Movie Chain AMC to Allow BTC Payments by the Year’s End


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...

Bitcoin surges over $46.500

Bitcoin Surged Above $46.500 First Time Since May 16


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...

Axie Infinity sales above $1 B

NFT Gaming Platform Axie Infinity Surpasses $1 B in Sales


Data provided by 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...

Ethereum 2.0 burn

49$ M in Ether Burned Just Two Days After EIP-1559 Launch


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 Binance US

Brian Brooks Leaves the Position of Binance US CEO


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...

Brian Armstrong Elon Musk USA Senate

Armstrong and Musk Are Against the Proposed Crypto Bill


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,...

Binance Hong Kong crypto derivatives

Binance Disallows Derivatives Trading for Hong Kong Users


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...

White House crypto laws

White House to Support Minor Changes to Crypto Tax Proposal


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....

SEC vs Ripple XRP

Ripple Got Access to Binance’s Records


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...

Coinbase stops Bitcoin SV

Coinbase Ceases BSV Trading


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...

Bitcoin SV attack

Bitcoin SV Protocol Suffered a 51% Attack


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...

US Senate crypto plan

US Senator Rob Portman Presents Crypto Provision


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...

NFT trading volume

Last Week Was Record-Breaking For NFT Markets


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...

Miami Coin MIA

Miami to Issue its Cryptocurrency Miami Coin


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...

Matrixport $1 billion

Bitmain’s Former CEO Jihan Wu’s Matrixport Now Values $1 B


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...

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