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News and Articles by Anahit



BTC decline in May

Bitcoin Saw One of Its Greatest Declines in May 2021

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In May Bitcoin's price saw a 36% decline, which is the worst drop after November 2018. The cryptocurrency was traded at around $58.000 at the beginning of May and closed the month with a price of about $37.000. Data shows that 47% fall happened from 14 May to 20 resulted in $14.2 billion...

Argentina crypto mining

BTC Mining Expands in Argentina Due to Cheap Energy

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Affordable government-supported power supply in Argentina opens more BTC mining opportunities allowing to mine from home. Generally, BTC mining is growing in places with low utility prices as it brings more income. As for Argentina, experts say the new policy adopted by the government can be used...

China OTC trading crypto

After Stricter Regulations in China, Traders Turn to OTCs

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While the Chinese government takes measures to regulate the crypto industry, traders find the solution via OTC (over-the-counter) desks. As reported by Bloomberg, after China announced the latest crackdown, there has been a huge uptick in OTC service usage. Trading crypto isn't allowed in the...

SEC vs Ripple decision May

The SEC's Request to Access Ripple's Legal Concerns Refused

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SEC vs Ripple lawsuit is in the process. On May 30, another decision on the case was published, where the US Magistrate Judge Sarah Netburn announced denying the SEC's request to access Ripple Lab's legal counsel records. The government agency found the step would bring more clarification. Per the...

Alexis Ohanian QuickNode

Alexis Ohanian Leads Investment in DeFi Startup QuickNode

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Reddit co-founder Alexis Ohanian leads investment in the blockchain development platform, focused on the decentralized internet, QuickNode. The startup attracted $5.3 M in seed funding headed by venture capital company Seven Seven Six, the founder of which is Ohanian. Earlier, the entrepreneur...

Joe Biden crypto regulation

Joe Biden's 2022 Budget Proposal Defines New Crypto Rules

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The White House released a new document on the US budget government. There are offers for changes concerning crypto regulations. The budget was issued on May 28. It is the first one introduced by Joe Biden's presidency. Two crypto points included in the paper define to provide more information to...

Ripple SEC

Ripple's Going Public After the SEC's Lawsuit, the CEO Says

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In a recent meeting, Ripple CEO Brad Garlinghouse stated the firm aims to go public when the SEC's lawsuit will be over. The legal actions started in December 2020, when the SEC started a $1.3 billion lawsuit against Ripple claiming XRP, the cryptocurrency developed by the company is security. The...

ARK Invest Bitcoin

ARK Invest Bought $22 M Worth of Bitcoin

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New York-based investment management company ARK Invest, which is focused on innovations, put $22 million into Bitcoin. The investment is shown in the company's daily purchase report that publishes trades carried out through ETFs. On May 23, the ARK Next Generation Internet ETF bought 516.001...

GameStop NFT platform

GameStop Will Present Its NFT Platform

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GameStop, an American retailer that sells games, consoles, and other electronics is on the way to present its NFT platform. The company is carrying out design and development processes. There is already a lending page on the website. GameStop announced building a team and therefore hiring...

Mark Cuban Polygon

Mark Cuban Invests in the Crypto Platform Polygon

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Billionaire Mark Cuban invested in the Ethereum L2 scaling solution and framework building protocol Polygon. The sum of the investment wasn't announced. Polygon was added to Cuban's website as part of his capital. 🔥 @mcuban is one of the most prolific and insightful investors with investments in...

Vitalik Buterin answers Elon Musk

Vitalik Buterin on Elon Musk's Idea of Scaling DOGE 10X

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The youngest crypto billionaire, Ethereum co-founder Vitalik Buterin issued a paper with the title "The Limits to Blockchain Scalability". There he wrote about Elon Musk's announcement that Dogecoin can speed up its block time 10X, boost block size 10X and reduce fee 100X. Vitalik...

Elon Musk about Dogecoin and BTC mining

Elon Musk on DOGE Development and Changes in Bitcoin Mining

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On May 24, Elon Musk tweeted about Doge, suggesting people interested in the coin's development share ideas on GitHub and Reddit forums. If you’d like to help develop Doge, please submit ideas on GitHub & https://t.co/liAPQMFaQB @dogecoin_devs— Elon Musk (@elonmusk) May 24, 2021 ...

Ray Dalio holds bitcoins

Billionaire Ray Dalio Unveiled He Owns BTC

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American billionaire entrepreneur, the founder of the largest hedge fund Bridgewater Associates, Ray Dalio disclosed he holds some Bitcoins during Coindesk's 2021 Consensus Conference. The billionaire talked about types of inflations stating he prefers Bitcoin over a bond in such case. He finds...

OCC crypto

OCC Will Review Existing Cryptocurrency Rules

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The US government agency Office of the Comptroller of the Currency will reconsider the crypto policy put forward by the previous management last year. Michael Hsu, who was assigned the role of Acting Comptroller of the Currency on May 10, made the request. He said that OCC has always been...

Goldman Sachs crypto report

Goldman Sachs' New Report Says Crypto Belongs to Asset Class

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American multinational investment bank Goldman Sachs recently recognized cryptocurrencies as a category of assets. The screenshots were published on Twitter by economist Alex Krueger. Crypto, a new asset class - quite a comprehensive report by Goldman. pic.twitter.com/FP2sewJCTx— Alex Krüger...

Horizon Bitcoin ETF

Canadian Bitcoin ETFs Facing Problems with Service Delivery

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While most cryptocurrencies have been seeing major declines through the week, some of the BTC exchange-traded funds of Canada face problems. The news came from Financial Times which announced that two funds run by Horizons ETFs issued a market disruption warning for investors. That is a situation...

China bitcoin mining crackdown

China Restates BTC Mining and Trading Crackdown

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On Friday China reiterated its approach towards BTC mining and trading operations restriction. The crypto market crash continues. BTC price has lost over 22% during the previous 7 days. Currently, it trades at around $37.000 with a market cap of $697 billion. China's Vice Premier Liu He and the...

US crypto regulation

IRS Orders to Report Crypto Transactions Over $10.000

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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...

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