News and Articles by Diana

Since the start of January 2022, fees on the Ethereum network have fallen by more than 80%. The average transaction processing fee is now $10.2, up from $52 at the beginning of the year. The decrease in commissions has been observed over the past seven days. On February 27, average network fees...

The team behind decentralized storage app ArDrive closed a $17.2 million investment round led by Arweave Team, Blockchain Capital, and Sino Global Capital. The corporate-focused ArDrive solution runs on the Arweave protocol. The latter is positioned as an eternal "collective hard drive"...

Popular Canadian-American actor and film producer Ryan Reynolds has joined the list of celebrities who support the crypto industry. The other day, he gave an interview to the popular business publication, in which he expressed his point of view regarding digital assets. So, the man said that over...

In the fourth quarter of 2021, Block (formerly Square) generated $1.96B in bitcoin sales through the Cash App, developing a gross profit of $46M for the firm. The company's total revenue for the period reached $4.08 billion, up 29% year on year. In 2021, Block's revenue increased by 86% to $17.66...

Rakuten announced the launch of the Rakuten NFT NFT marketplace. The Japanese e-commerce giant attributed the move to the increasing adoption of cryptocurrencies in the country. The platform will provide users with the opportunity (from 2023, including peer-to-peer) to buy and sell tokens in...

The Supreme People's Court of the People's Republic of China amended the legal norms on the illegal attraction of funds, toughening criminal liability. For raising funds in cryptocurrencies, the authorities have established a punishment in the form of imprisonment for a term of three years or more....

The largest altcoin, Ether (ETH), has fallen over 12% in the last 24 hours. Cryptocurrency capitalization for the week decreased by almost 20% to $284.169 billion. Amid a market crash triggered by tensions in Europe, exchanges liquidated more than $400 million worth of positions on February 24. The...

Founded by former ConsenSys chief strategy officer Sam Cassatt, Aligned has raised $34 million in funding. The firm is building a Web 3.0 infrastructure. Aligned was backed by GSR, Altium Capital, Cavalry Fund, and Ninja4, as well as several business angels. There was no lead investor in the round....

Bitcoin (BTC) is trying to find the bottom at around $35,000. There is an opinion among analysts that at this level, the cryptocurrency can claim to be the support of the whales. On the night of Friday, February 25, the coin bounced to $36,100, but so far it is still trading in the red zone....

In 2021, the volume of illegal mining in Malaysia increased sharply, the value of the confiscated equipment for mining cryptocurrencies amounted to $12.9 million, said Datuk Seri Abd Jalil Hassan, head of the Criminal Investigation Department (CID). Law enforcement officers opened 570 cases related...

The creator of the Ruby on Rails web framework, David Heinemeier Hansson, called his negative position on bitcoin amid the situation with protests in Canada erroneous. “I still can’t believe this is a protest that will prove that every bitcoin weirdo is a prophet. And I had to admit I was wrong...

The increasing correlation between bitcoin and the Nasdaq stock index suggests that cryptocurrency should be considered a risky asset. This view is shared by analysts at the hedge fund Man Group. Their report on digital currencies says that monetary tightening by central banks will inevitably lead...

Over the past few weeks, investment companies have been investing in crypto funds. If in January, on the contrary, there was an outflow of capital from products focused on digital assets, then already this month institutionalists again began to show increased interest in such tools, according to a...

Snake Money launched their IDO earlier this month, on February 8, and participation is still open until March 12, 2022. The presale rate is 2 SMON per 1 BUSD, with a minimum contribution of 1 SMON and a maximum contribution of 10000K BUSD. Investing in the classic game “Snake” through a...

By the summer of 2022, Colorado authorities will allow paying taxes and fees in crypto. That was stated by the state governor Jared Polis during the ETH Denver conference. According to him, the reason for this decision is to increase the comfort of users and increase the speed of payments. Polis...

KB Asset Management, a member of the largest South Korean financial conglomerate KB Financial Group, has announced the launch of a fund focused on retail clients concentrated on crypto products in the form of indices and ETFs. Currently, financial institutions in the country are limited in...

The Italian authorities published last week a law to combat money laundering through digital currencies. The document was approved by the government in January. It lists the requirements for crypto companies providing digital asset exchange services, local media reported. Each crypto company must...

Huangpu Customs (Guangdong Province, China) announced the detention of 49 used bitcoin miners. They tried to transport them across the border, indicating false information in export documents, local media reported. The discrepancy was revealed during the inspection of goods declared as “shoe...