News and Articles by Anahit

The Bangko Sentral ng Pilipinas announced it will stop the process of granting licenses to virtual asset service providers for 3 years. According to a memorandum by the Bangko Sentral, the Monetary Board took a modified approach to establish a balance between encouraging financial innovation and...

On August 10, Netherlands officials arrested a Tornado Cash developer. According to a publication by the state agency investigating financial crimes, the 29-year-old suspect is involved in hiding illicit financial activities, making money laundering easier by mixing cryptos via the Ethereum-based...

Brazilia-based digital wallet application and payments solution PicPay started providing crypto services to more than 30 M users. Through the platform, users can buy, hold, and sell cryptos in a direct way. PicPay teamed up with the blockchain tech company Paxos to enable users to access cryptos....

Leading investment management company BlackRock revealed a spot Bitcoin private trust. The firm said it aims to offer clients different investment options. Currently, BlackRock's Bitcoin Trust is available to US institutional customers. The product seeks to follow the BTC price, reduced expenses,...

Billionaire Mark Cuban is facing a lawsuit for promoting the crypto brokerage company Voyager Digital, which became bankrupt amid the crypto market crisis. The lawsuit also says Cuban misrepresented the company on various occasions, making statements that the platform is cheap and offers...

Crypto exchange dYdX announced blocking user accounts that interacted with transaction mixer Tornado Cash after the US Treasury imposed sanctions against the program. dYdX released a blog post saying they have made changes within the limits of compliance rules that have unbanned certain addresses....

The Ethereum team executed a final test ahead of the merge event, after which the network will move to the Proof-of-Stake consensus mechanism. The upgrade is supposed to scale Ethereum and consume less energy than Proof-of-Work. Ethereum core developer and researcher Ansgar Dietrichs announced that...

ARK Invest founder and CEO/CIO Cathie Wood finds that the world's largest asset manager, BlackRock's entry into the crypto sector may have a significant effect on the price of Bitcoin. Several days ago, crypto exchange Coinbase revealed a collaboration with BlackRock with the aim to offer crypto...

Crypto financial services and payments company Circle released a blog post about the company's approach toward the expected update of Ethereum. The team said since the release of the USDC stablecoin on Ethereum in Sept. 2018, they have collaborated closely with the ecosystem and have seen essential...

DeFi protocol Curve Finance was hacked as attackers managed to exploit the frontend. The platform announced that the problem has been detected and reverted. At the same time, the team advised users to revoke any contracts on Curve that they may have in the last several hours. Curve also asked users...

Cryptocurrency exchange Coinbase reported a 64% revenue loss in the second quarter, down $1.1 bln from last year. The company said the loss was heavily impacted by non-cash impairment charges. In a shareholder letter, Coinbase said at the end of Q2, Assets on Platform were $96 bln, while at the end...

Iran announced its first official import in crypto. Deputy Minister of the country's Industry, Mine, and Trade, Alireza Peyman-Pak tweeted that the first import order registration worth $10 M was made. He also mentioned that by the end of the next month, the use of crypto and smart contracts will...

Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg TV that he expects Bitcoin to stay within its recent price range as the industry hasn't seen large inflows of institutional capital. The businessman said he's doubtful that BTC will get through $30,000. According to him,...

A new press release by the US Treasury reveals that the agency's Office of Foreign Assets Control sanctioned crypto mixer Tornado Cash. According to the publication, following its launch in 2019, Tornado has been used for laundering digital currencies worth over $7 bln. Tornado is an Ethereum-based...

International financial services company Wells Fargo released a new report on cryptocurrencies with the title "Understanding Cryptocurrency." The report says that crypto is a part of the digital revolution. Wells Fargo finds that cryptos could play an important role in the next digital...

As Ethereum's move from Proof-of-Work Consensus mechanism to Proof-of-Stake is nearing, many miners consider going back to Ethereum Classic, a fork of Ethereum that uses PoW. Talking about the expected event, and its impact on the network at the ETHSeoul festival, Buterin said he doesn't think that...

American investor Jim Rogers shared his views about the crypto sector. In one of his latest interviews, he said that one day governments will be in full control over crypto. Rogers mentioned that he knows a lot of people who are investing in crypto assets, having fun, and making a profit. Although,...

The US SEC is looking into Coinbase over the sale of digital currencies that the agency views as securities. A Bloomberg article says that people familiar with the subject noted that the SEC increased scrutiny around Coinbase after the platform added the number of cryptos it offers for trading. A...