Ripple to add smart contracts to XRP Ledger
Cross-border payments company Ripple announced that it will add smart contracts to the XRP Ledger (XRPL) developer ecosystem.
Ripple announced that the move would open various use cases for users, builders and entrepreneurs. It aims to attract developers to use XRPL’s expanded capabilities. According to Ripple, the smart contracts feature is set to go live…
https://cryptoinsight.ae/ripple-to-add-smart-contracts-to-xrp-ledger/
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Cross-border payments company Ripple announced that it will add smart contracts to the XRP Ledger (XRPL) developer ecosystem.
Ripple announced that the move would open various use cases for users, builders and entrepreneurs. It aims to attract developers to use XRPL’s expanded capabilities. According to Ripple, the smart contracts feature is set to go live…
https://cryptoinsight.ae/ripple-to-add-smart-contracts-to-xrp-ledger/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $57,010.02 (0.7%)
Ethereum ~ $2,382.29 (0.2%)
Solana ~ $131.41 (2.3%)
Polkadot ~ $3.99 (-1.6%)
Flow ~ $0.5407 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $57,010.02 (0.7%)
Ethereum ~ $2,382.29 (0.2%)
Solana ~ $131.41 (2.3%)
Polkadot ~ $3.99 (-1.6%)
Flow ~ $0.5407 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
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Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
Polygon’s native cryptocurrency has executed a key technical upgrade to enhance its utility and usher in Polygon 2.0.
Polygon’s token was upgraded to its new Polygon Ecosystem Token (POL) token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.
The upgrade…
https://cryptoinsight.ae/polygons-matic-upgraded-to-pol-driving-hyperproductive-token-utility/
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Polygon’s native cryptocurrency has executed a key technical upgrade to enhance its utility and usher in Polygon 2.0.
Polygon’s token was upgraded to its new Polygon Ecosystem Token (POL) token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.
The upgrade…
https://cryptoinsight.ae/polygons-matic-upgraded-to-pol-driving-hyperproductive-token-utility/
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New regulators are set to define Europe’s crypto policies
It’s an election year around the globe, and the European Union is no exception. The European Parliament will vote this autumn on a new European Commission, which converts political priorities into draft legislation.
The new commission will not take office until November at the earliest, so it is still too early to assess the impact…
https://cryptoinsight.ae/new-regulators-are-set-to-define-europes-crypto-policies/
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It’s an election year around the globe, and the European Union is no exception. The European Parliament will vote this autumn on a new European Commission, which converts political priorities into draft legislation.
The new commission will not take office until November at the earliest, so it is still too early to assess the impact…
https://cryptoinsight.ae/new-regulators-are-set-to-define-europes-crypto-policies/
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EigenLayer rolls out ‘major update’ to restaking contracts
Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.
The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether staked on Ethereum’s Beacon…
https://cryptoinsight.ae/eigenlayer-rolls-out-major-update-to-restaking-contracts/
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Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.
The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether staked on Ethereum’s Beacon…
https://cryptoinsight.ae/eigenlayer-rolls-out-major-update-to-restaking-contracts/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $56,394.37 (-0.1%)
Ethereum ~ $2,378.75 (-0.7%)
Solana ~ $130.08 (-1.2%)
Polkadot ~ $4.03 (0.0%)
Flow ~ $0.5309 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $56,394.37 (-0.1%)
Ethereum ~ $2,378.75 (-0.7%)
Solana ~ $130.08 (-1.2%)
Polkadot ~ $4.03 (0.0%)
Flow ~ $0.5309 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
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AggLayer will connect all Web3, including L1s like Ether and Solana — Polygon Labs CEO
Polygon’s ultimate vision is to unify the entire Web3 space, including all the siloed blockchain networks.
Polygon aims to achieve this through its AggLayer — short for aggregation layer — which is similar to a cross-chain interoperability protocol aiming to connect blockchain networks.
Ultimately, AggLayer aims to connect all the blockchain space, including layer-1 networks…
https://cryptoinsight.ae/agglayer-will-connect-all-web3-including-l1s-like-ether-and-solana-polygon-labs-ceo/
Website | Twitter | LinkedIn | Telegram
Polygon’s ultimate vision is to unify the entire Web3 space, including all the siloed blockchain networks.
Polygon aims to achieve this through its AggLayer — short for aggregation layer — which is similar to a cross-chain interoperability protocol aiming to connect blockchain networks.
Ultimately, AggLayer aims to connect all the blockchain space, including layer-1 networks…
https://cryptoinsight.ae/agglayer-will-connect-all-web3-including-l1s-like-ether-and-solana-polygon-labs-ceo/
Website | Twitter | LinkedIn | Telegram
Over 600 Bitcoin ATMs went offline globally in 2 months
More than 600 Bitcoin ATMs went offline globally in the first two months of Q3 2024, with the United States recording the most shutdowns. This comes at a time when law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM…
https://cryptoinsight.ae/over-600-bitcoin-atms-went-offline-globally-in-2-months/
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More than 600 Bitcoin ATMs went offline globally in the first two months of Q3 2024, with the United States recording the most shutdowns. This comes at a time when law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM…
https://cryptoinsight.ae/over-600-bitcoin-atms-went-offline-globally-in-2-months/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $54,162.05 (-4.0%)
Ethereum ~ $2,271.78 (-4.5%)
Solana ~ $127.35 (-2.1%)
Polkadot ~ $4.04 (0.2%)
Flow ~ $0.5213 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $54,162.05 (-4.0%)
Ethereum ~ $2,271.78 (-4.5%)
Solana ~ $127.35 (-2.1%)
Polkadot ~ $4.04 (0.2%)
Flow ~ $0.5213 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Crypto venture capital funding surges to $633M in August rebound
Crypto venture capitalist (VC) funding had a resurgence in August despite the summer illiquidity in the wider crypto markets.
Crypto VC funding rose to $633 million in August, up over 15% from $550 million in July, according to DefiLlama data.
Most of the VC interest was captured by blockchain infrastructure development firms, according to Luca…
https://cryptoinsight.ae/crypto-venture-capital-funding-surges-to-633m-in-august-rebound/
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Crypto venture capitalist (VC) funding had a resurgence in August despite the summer illiquidity in the wider crypto markets.
Crypto VC funding rose to $633 million in August, up over 15% from $550 million in July, according to DefiLlama data.
Most of the VC interest was captured by blockchain infrastructure development firms, according to Luca…
https://cryptoinsight.ae/crypto-venture-capital-funding-surges-to-633m-in-august-rebound/
Website | Twitter | LinkedIn | Telegram
Japan’s major banks back new stablecoin project for global trade
Datachain, a blockchain startup focused on interoperability, announced the launch of Project Pax, a stablecoin platform to facilitate cross-border business settlements.
According to the Sept. 5 official post, Japan’s three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, are backing the initiative.
The project is a collaboration between blockchain companies like…
https://cryptoinsight.ae/japans-major-banks-back-new-stablecoin-project-for-global-trade/
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Datachain, a blockchain startup focused on interoperability, announced the launch of Project Pax, a stablecoin platform to facilitate cross-border business settlements.
According to the Sept. 5 official post, Japan’s three largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, are backing the initiative.
The project is a collaboration between blockchain companies like…
https://cryptoinsight.ae/japans-major-banks-back-new-stablecoin-project-for-global-trade/
Website | Twitter | LinkedIn | Telegram
VanEck to shutter Ethereum futures ETF
Asset manager VanEck is shuttering its futures-based Ether exchange-traded fund (ETF), citing insufficient demand as spot cryptocurrency ETFs dominate inflows, according to a Sept. 6 announcement.
VanEck chose to close the fund due to factors “including performance, liquidity, assets under management, and investor interest,” it said.
Shares of the VanEck Ethereum Strategy ETF (EFUT) will…
https://cryptoinsight.ae/vaneck-to-shutter-ethereum-futures-etf/
Website | Twitter | LinkedIn | Telegram
Asset manager VanEck is shuttering its futures-based Ether exchange-traded fund (ETF), citing insufficient demand as spot cryptocurrency ETFs dominate inflows, according to a Sept. 6 announcement.
VanEck chose to close the fund due to factors “including performance, liquidity, assets under management, and investor interest,” it said.
Shares of the VanEck Ethereum Strategy ETF (EFUT) will…
https://cryptoinsight.ae/vaneck-to-shutter-ethereum-futures-etf/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.02 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $54,364.46 (0.5%)
Ethereum ~ $2,287.02 (0.6%)
Solana ~ $128.36 (0.8%)
Polkadot ~ $4.13 (2.1%)
Flow ~ $0.5203 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.02 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $54,364.46 (0.5%)
Ethereum ~ $2,287.02 (0.6%)
Solana ~ $128.36 (0.8%)
Polkadot ~ $4.13 (2.1%)
Flow ~ $0.5203 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Sub $50K Bitcoin correction remains in play as whales look to sell BTC
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month.
The Bitcoin price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits.
One savvy whale…
https://cryptoinsight.ae/sub-50k-bitcoin-correction-remains-in-play-as-whales-look-to-sell-btc/
Website | Twitter | LinkedIn | Telegram
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month.
The Bitcoin price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits.
One savvy whale…
https://cryptoinsight.ae/sub-50k-bitcoin-correction-remains-in-play-as-whales-look-to-sell-btc/
Website | Twitter | LinkedIn | Telegram
El Salvador marks 3 years of Bitcoin adoption with $31M profit
El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender.
El Salvador became the world’s first country to adopt Bitcoin as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance payments and attract financial innovation.
President Nayib Bukele’s decision…
https://cryptoinsight.ae/el-salvador-marks-3-years-of-bitcoin-adoption-with-31m-profit/
Website | Twitter | LinkedIn | Telegram
El Salvador is celebrating its Bitcoin anniversary, marking three years since the country adopted Bitcoin as legal tender.
El Salvador became the world’s first country to adopt Bitcoin as legal tender three years ago, on Sept. 7, 2021, to promote financial inclusion, facilitate more efficient remittance payments and attract financial innovation.
President Nayib Bukele’s decision…
https://cryptoinsight.ae/el-salvador-marks-3-years-of-bitcoin-adoption-with-31m-profit/
Website | Twitter | LinkedIn | Telegram
Demand for Yen stablecoins is ‘only a matter of time’ — Brad Garlinghouse
Ripple CEO Brad Garlinghouse believes that Japan presents a promising market for stablecoins and anticipates strong demand for a Yen stablecoin. However, he refrained from making any promises about a Ripple stablecoin within Japan yet until the firm launches one in the United States.
“People will want to hold Yen stablecoins and I think that…
https://cryptoinsight.ae/demand-for-yen-stablecoins-is-only-a-matter-of-time-brad-garlinghouse/
Website | Twitter | LinkedIn | Telegram
Ripple CEO Brad Garlinghouse believes that Japan presents a promising market for stablecoins and anticipates strong demand for a Yen stablecoin. However, he refrained from making any promises about a Ripple stablecoin within Japan yet until the firm launches one in the United States.
“People will want to hold Yen stablecoins and I think that…
https://cryptoinsight.ae/demand-for-yen-stablecoins-is-only-a-matter-of-time-brad-garlinghouse/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.03 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $54,725.82 (0.6%)
Ethereum ~ $2,288.94 (0.1%)
Solana ~ $127.95 (-0.3%)
Polkadot ~ $4.14 (0.5%)
Flow ~ $0.5216 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.03 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $54,725.82 (0.6%)
Ethereum ~ $2,288.94 (0.1%)
Solana ~ $127.95 (-0.3%)
Polkadot ~ $4.14 (0.5%)
Flow ~ $0.5216 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Tether invests $100M in agriculture firm as stablecoin competition grows
Tether, the issuer of the world’s largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector.
Previously, Tether had made strategic investments in emerging technologies, such as artificial intelligence and peer-to-peer platforms, Bitcoin mining operations, and digital…
https://cryptoinsight.ae/tether-invests-100m-in-agriculture-firm-as-stablecoin-competition-grows/
Website | Twitter | LinkedIn | Telegram
Tether, the issuer of the world’s largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector.
Previously, Tether had made strategic investments in emerging technologies, such as artificial intelligence and peer-to-peer platforms, Bitcoin mining operations, and digital…
https://cryptoinsight.ae/tether-invests-100m-in-agriculture-firm-as-stablecoin-competition-grows/
Website | Twitter | LinkedIn | Telegram
Stacks’ smart contracts reach record high ahead of Nakamoto upgrade
Stacks reached a new all-time high in smart contract deployment just days before the much-anticipated Nakamoto upgrade is fully activated.
Stacks, the Bitcoin network’s smart contract layer, reached a new all-time high of over 1,400 monthly smart contracts deployed.
Stacks announced the record high in a Sept. 7 X post:
“A new high and 30%…
https://cryptoinsight.ae/stacks-smart-contracts-reach-record-high-ahead-of-nakamoto-upgrade/
Website | Twitter | LinkedIn | Telegram
Stacks reached a new all-time high in smart contract deployment just days before the much-anticipated Nakamoto upgrade is fully activated.
Stacks, the Bitcoin network’s smart contract layer, reached a new all-time high of over 1,400 monthly smart contracts deployed.
Stacks announced the record high in a Sept. 7 X post:
“A new high and 30%…
https://cryptoinsight.ae/stacks-smart-contracts-reach-record-high-ahead-of-nakamoto-upgrade/
Website | Twitter | LinkedIn | Telegram
Japanese power giant TEPCO explores ‘green’ Bitcoin mining: Report
A subsidiary of the Tokyo Electric Power Co. (TEPCO) is reportedly venturing into Bitcoin mining as part of an endeavor to save wasted renewable energy.
The Tokyo-based TEPCO subsidiary Agile Energy X is experimenting with harnessing waste solar energy to power Bitcoin mining rigs, with its president, Kenji Tateiwa, claiming its success “would prompt more…
https://cryptoinsight.ae/japanese-power-giant-tepco-explores-green-bitcoin-mining-report/
Website | Twitter | LinkedIn | Telegram
A subsidiary of the Tokyo Electric Power Co. (TEPCO) is reportedly venturing into Bitcoin mining as part of an endeavor to save wasted renewable energy.
The Tokyo-based TEPCO subsidiary Agile Energy X is experimenting with harnessing waste solar energy to power Bitcoin mining rigs, with its president, Kenji Tateiwa, claiming its success “would prompt more…
https://cryptoinsight.ae/japanese-power-giant-tepco-explores-green-bitcoin-mining-report/
Website | Twitter | LinkedIn | Telegram