Author: Atis. Sh

The Decentralized Finance (DeFi) ecosystem has been expanding rapidly throughout the past few years – especially during 2021. As it expands, it opens itself to face new challenges, and with challenges come new solutions. Also, considering the efficiency of blockchain technology, DeFi is overcoming most issues in creative ways.  To make this space even better, numerous crypto projects have been created for the sole purpose of aiding major cryptocurrencies like Bitcoin and Ethereum. Today, with the help of these projects, this ecosystem is known for being well-built and highly efficient, with few issues every here and there.  0x belongs to…

Bitcoin (BTC) incurred a phenomenal rebound of reaching $1 Trillion market capitalization, surpassing the traditional finance titans.  Bitcoin (BTC) had a market capitalization marginally above $1 Trillion at the time of writing, exceeding Tesla (TSLA) and Facebook (FB) market capitalization. The NASDAQ listed corporations were valued at $928 billion and $795 billion at the time of writing, respectively.  As the crypto giant has been pitted against precious metals to compare the best store of value, Bitcoin (BTC) lags behind gold that has a total of $11 trillion market cap. Significantly, should the price of Bitcoin (BTC) continue to climb, the…

Binance managed to infiltrate the Fancycat Cybercriminal organization by closely cooperating with international law enforcement.  International law enforcement agencies working with Binance, the biggest exchange in the world, exposed Fancycat, an international network of hackers involved in over $500 million worth of cyber crimes during the summer of 2021.  Working with Interpol, cyber police units from many countries such as the US, Switzerland, Ukraine, Spain, and Korea raided more than 20 locations in Kyiv during June with the purpose of finding the hackers that were allegedly using ransomware, an incredibly dangerous software to commit a number of virtual crimes including…

While United States regulatory agencies are claiming jurisdiction over crypto, US Congressman Patric McHenry has demanded clarification from the Securities and Exchange Commission (SEC).  Congressman Patric McHenry who is representing the 10th Congressional District of North Carolina has addressed Chairman Gensler of the SEC through a letter in which he wrote that Gensler’s contradictions in his statements about cryptocurrencies need to be addressed, along with the regulation of the crypto industry as a whole.  Congressman McHenry has emphasized a multitude of cases in which Gensler has been conflicted about his decisions on regulating cryptocurrencies.  In May, Gensler told the Financial…

Reportedly, the interest in adding Bitcoin (BTC) as an asset in the corporate balance sheet is the rage at present.  According to Darren Jordan, managing director of EMEA at BitGo, corporations are asking how to integrate Bitcoin (BTC) into their balance sheets frequently. Jordan stated that corporates are the ones that regularly inquire about making this drastic alteration by wanting to allocate a modest portion of their balance sheet into cryptocurrencies, particularly Bitcoin (BTC).  This explosive interest signifies the biggest change that has occurred in the last year. These questions according to Jordan require quite the complex train of thought…

China’s decision to ban cryptocurrencies had an adverse effect on the cryptocurrency market. Nonetheless, FUD caused by China has now been alleviated. Gary Gensler, Chair of the US Securities and Exchange Commission, has recently stated that the US is not going to ban cryptocurrencies.  Katie Haun, partner at Andreessen Horowitz pointed out that if the US would choose the same approach as China, it could aggravate the US economy. Instead, the US should consider China’s decision as an opportunity. Jerome Powell, Chair at the Federal Reserve, also stated that the central bank is not planning to ban cryptocurrencies.  At the…

As the internet has become almost a fully centralized virtual space with ever-increasing government and technology agency scrutiny, decentralization, and oversight reduction are actively sought treasurers by users. Blockchain and its increasing adoption into a number of industries has been truly transformative in promoting total transparency and lack of authority.  The game-changer technology has certainly turned the tide on mainstream operations through releasing decentralized web hosting, and ArGoApp is one of its leading pioneers. ArGoApp is among the first online platforms to use decentralized cloud networks for storage and hosting.  ArGoApp ArGoApp is the newest cloud-based substitute to mainstream centralized…

The whole cryptocurrency market experienced growth that was unprecedented this year, generating an overall market capitalization of more than $2 trillion. One of the cryptocurrencies that grew the most was Dogecoin – the king of memecoins. Despite being considered a “joke of a coin”, Dogecoin’s price growth has surpassed most of the major cryptocurrencies such as Bitcoin, Ethereum, and even Cardano.  Even though Dogecoin is one of the first cryptocurrencies to land on the market, it is still relevant; spending most of its time getting in and out of the 10 biggest cryptocurrencies regarding market capitalization. Having launched in 2013…

KuCoin strongly suggests that users in China should move funds elsewhere and the main purpose behind this Sunday pronunciation is to save users’ digital assets. KuCoin, a crypto trading platform based in Singapore, prompts users in China to move their funds to ‘other platforms’ within a two months period. They are insisting that this move takes place specifically before the last day of the year, the reason being safety and protection of users’ rights and interests. The exchange clarified that they were always in line with the required laws and regulations of different countries and will continue to do so.…

A regulatory filing dated October 4 has revealed that the investigative subpoena towards Circle was issued in July of 2021.  Per the regulatory filing, USDC stablecoin issuer Circle is reportedly under investigation from the SEC and it has been served with an investigative subpoena to hand over documents and information on particular operations, client programs, and holdings.  Circle argued that it is in full cooperation with the SEC investigation, this coming after one month of the high-interest yield product launch, Circle Yield. Even though more information on the investigation is yet to be disclosed, it is not farfetched to assume…