Gulf Crypto Insight
6.19K subscribers
516 photos
5 videos
519 links
The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
Download Telegram
to view and join the conversation
Crypto is inevitable in Iraq

Crypto is inevitable in Iraq

Despite roadblocks, crypto is becoming increasingly popular in Iraq and the Kurdistan region, claimes Abdurrahman Bapir on CoinDesk.

Cryptocurrency was born out of a financial crisis. It was a proposed solution to the problems caused by, and inherent in, the worldwide banking system as well as centralized authorities.

Satoshi Nakamoto’s…

http://cryptoinsight.ae/crypto-is-inevitable-in-iraq/

Website | Twitter | LinkedIn | Telegram
NFT sales surpass $4 billion in the last month

Despite a decline in the crypto markets, NFT marketplaces have made a tremendous surge in the previous month. According to data from Tradingplatforms.com, NFT global sales surpassed $4 billion in the last 30 days.

“2021 will go down as the breakdown year for NFTs. The growth in their sales is due to two main factors,”…

http://cryptoinsight.ae/nft-sales-surpass-4-billion-in-the-last-month/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.17 Trillion, a -0.9% change in the last 24 hours

Bitcoin ~ $42,945.36 (-1.9%)
Ethereum ~ $3,312.07 (-1.2%)
Solana ~ $149.47 (-0.7%)
Polkadot ~ $27.40 (1.0%)
Flow ~ $7.91 (-0.5%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Bitcoin: Falling To Justify Its Value

The start-of-the-year drop in cryptocurrency prices is due to various reasons (which we will go through). Still, with a cool head, you may recognize that crypto, through complex mechanisms of self-regulation, rejects attempts to pump it up with fiat money. You can even say that cryptocurrencies want to maintain their role as money and not…

https://cryptoinsight.ae/bitcoin-falling-to-justify-its-value/

Website | Twitter | LinkedIn | Telegram
Kevin O’Leary believes NFTs in 2022 will become bigger than Bitcoin

“Shark Tank” star and celebrity investor Kevin O’Leary predicted non-fungible tokens (NFTs) will be bigger than Bitcoin. He appreciates NFTs can prove ownership of real-world items, such as designer watches or flashy cars. Though, comparing Bitcoin and NFT, O’Leary said he’s “investing on both sides of that equation.”

At Yahoo Finance Live the chairman of…

https://cryptoinsight.ae/kevin-oleary-believes-nfts-in-2022-will-become-bigger-than-bitcoin/

Website | Twitter | LinkedIn | Telegram
WP: Cryptocurrency is suddenly everywhere – except in the cash register

While interest in crypto has exploded, few people are using it for its intended purpose: to pay for things – writes Tory Newmyer on The Washington Post.

Billionaire tech executive Michael Saylor has called Bitcoin “the seminal invention of the human race.” His website describes it as “a bank in cyberspace” offering a “simple, &…

http://cryptoinsight.ae/wp-cryptocurrency-is-suddenly-everywhere-except-in-the-cash-register/

Website | Twitter | LinkedIn | Telegram
Gamers are profiting off ‘play-to-earn’ blockchain games

With the region’s youthful population, blockchain-based play-to-earn games are becoming one of the fastest-growing innovative sectors in the Middle East. They provide new models to help monetize time spent in games with crypto tokens, NFTs, and staking. Industry players believe that the $181 billion gaming revenue to be made this year will increase substantially soon…

https://cryptoinsight.ae/gamers-are-profiting-off-play-to-earn-blockchain-games/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.19 Trillion, a 0.5% change in the last 24 hours

Bitcoin ~ $43,144.95 (0.3%)
Ethereum ~ $3,322.66 (0.2%)
Solana ~ $147.47 (1.4%)
Polkadot ~ $27.96 (2.8%)
Flow ~ $7.75 (-0.1%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
NFT-2022: What to expect from a brand-new industry? Part 1

NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…

http://cryptoinsight.ae/nft-2022-what-to-expect-from-a-brand-new-industry-part-1/

Website | Twitter | LinkedIn | Telegram
NEAR protocol raises $150 million to become a Web3 development hub

“High-performance blockchain” NEAR Protocol has raised $150 million in its latest funding round led by Three Arrows Capital. The NEAR token has surged on the news, gaining 6.6% in the following hours.

NEAR Protocol announced Thursday that it has successfully closed a $150 million funding round to accelerate Web3 adoption. Su Zhu and Kyle Davies’…

http://cryptoinsight.ae/near-protocol-raises-150-million-to-become-a-web3-development-hub/

Website | Twitter | LinkedIn | Telegram
Dogecoin surges 25% after Musk tweets that Tesla adopts payments in DOGE

Dogecoin soared 25% and briefly topped the $0.2 price range following Tesla’s announcement that it would begin accepting the meme coin. Tesla CEO, Elon Musk, tweeted that the automaker would finally begin accepting DOGE, a move that the meme coin community had greatly anticipated.

Musk, a big proponent of Doge, had teased this adoption numerous…

http://cryptoinsight.ae/dogecoin-surges-25-after-musk-tweets-that-tesla-adopts-payments-in-doge/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.17 Trillion, a -0.7% change in the last 24 hours

Bitcoin ~ $42,736.20 (-1.1%)
Ethereum ~ $3,272.54 (1.6%)
Solana ~ $143.06 (-3.0%)
Polkadot ~ $26.68 (-4.6%)
Flow ~ $7.52 (-3.0%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Jack Dorsey’s Block is developing an open-source Bitcoin mining system

Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized.

Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…

http://cryptoinsight.ae/jack-dorseys-block-is-developing-an-open-source-bitcoin-mining-system/

Website | Twitter | LinkedIn | Telegram
Pakistan’s central bank reportedly plans to ban crypto

Pakistani government and its central bank have recommended banning cryptocurrency, arguing in a document submitted in a provincial court that allowing it would cause capital flight. Reuters reported that an official report recommends declaring all cryptocurrencies illegal, citing local media.

The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks…

http://cryptoinsight.ae/pakistans-central-bank-reportedly-plans-to-ban-crypto/

Website | Twitter | LinkedIn | Telegram
Crypto Trends Weekly Jan. 8 – 14

Breaking crypto news from the last week (Jan. 8 – 14, 2022):

Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…

http://cryptoinsight.ae/crypto-trends-weekly-jan-8-14/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.13 Trillion, a -1.5% change in the last 24 hours

Bitcoin ~ $42,278.67(-0.9%)
Ethereum ~ $3,194.70 (-2.4%)
Solana ~ $140.24 (-2.0%)
Polkadot ~ $25.43 (-4.7%)
Flow ~ $7.31 (-3.0%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
The dominance of Bitcoin in crypto payments is declining

BitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…

http://cryptoinsight.ae/the-dominance-of-bitcoin-in-crypto-payments-is-declining/

Website | Twitter | LinkedIn | Telegram
Indonesian student makes $1 million selling NFT selfies on OpenSea

Sultan Gustaf Al Ghozali, a 22-year-old Indonesian student, has joined the NFT frenzy, becoming a millionaire as a result. He listed selfies of himself as an NFT for five years on OpenSea, the largest NFT marketplace, and sold them for $1,107,225 in total.

Al Ghozali is a college student studying Computer Science and based in…

http://cryptoinsight.ae/indonesian-student-makes-1-million-selling-nft-selfies-on-opensea/

Website | Twitter | LinkedIn | Telegram
Walmart is preparing to join the metaverse with its own cryptocurrency and NFTs

American retail chain Walmart is preparing to enter the metaverse by creating its own NFT collections and cryptocurrency. This information is based on several trademarks filed by the retail giant with the United States Patent and Trademark Office.

In late December, the retail chain filed several trademark applications with the United States Patent and Trademark…

https://cryptoinsight.ae/walmart-is-preparing-to-join-the-metaverse-with-its-own-cryptocurrency-and-nfts/

Website | Twitter | LinkedIn | Telegram