South Korea’s strict laws on crypto exchanges come into force
The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.
Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17…
https://cryptoinsight.ae/south-koreas-strict-laws-on-crypto-exchanges-come-into-force/
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The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.
Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17…
https://cryptoinsight.ae/south-koreas-strict-laws-on-crypto-exchanges-come-into-force/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.58 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $67,600.60 (0.8%)
Ethereum ~ $3,489.75 (-0.3%)
Solana ~ $178.80 (3.2%)
Polkadot ~ $6.28 (-0.6%)
Flow ~ $0.6365 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.58 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $67,600.60 (0.8%)
Ethereum ~ $3,489.75 (-0.3%)
Solana ~ $178.80 (3.2%)
Polkadot ~ $6.28 (-0.6%)
Flow ~ $0.6365 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Australian stablecoin startup Stables expands to Europe
Australian stablecoin payments startup Stables has announced its expansion to Europe in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.
Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total…
https://cryptoinsight.ae/australian-stablecoin-startup-stables-expands-to-europe/
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Australian stablecoin payments startup Stables has announced its expansion to Europe in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.
Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total…
https://cryptoinsight.ae/australian-stablecoin-startup-stables-expands-to-europe/
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What we know about Kamala Harris’ views on crypto
The vice president of the United States, Kamala Harris, is a bit of an anomaly among Capitol Hill politicians: she’s never had strong words to say for or against digital currencies, tokenization, blockchain, or NFTs.
None of that has mattered for the past four years, as US President Joseph Biden has had plenty to say…
https://cryptoinsight.ae/what-we-know-about-kamala-harris-views-on-crypto/
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The vice president of the United States, Kamala Harris, is a bit of an anomaly among Capitol Hill politicians: she’s never had strong words to say for or against digital currencies, tokenization, blockchain, or NFTs.
None of that has mattered for the past four years, as US President Joseph Biden has had plenty to say…
https://cryptoinsight.ae/what-we-know-about-kamala-harris-views-on-crypto/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $66,723.84 (-1.4%)
Ethereum ~ $3,456.27 (-1.1%)
Solana ~ $175.58 (-2.4%)
Polkadot ~ $6.03 (-4.2%)
Flow ~ $0.6109 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $66,723.84 (-1.4%)
Ethereum ~ $3,456.27 (-1.1%)
Solana ~ $175.58 (-2.4%)
Polkadot ~ $6.03 (-4.2%)
Flow ~ $0.6109 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
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Ex-Coinbase staff founded NPC Labs raises $21M to build gaming on Base
NPC Labs, a GameFi infrastructure startup founded by three former Coinbase employees, has raised $21 million to accelerate gaming development on Coinbase’s Ethereum layer-2 network Base.
The funding included $18 million from cryptocurrency-focused venture capital firm Pantera Capital. Makers Fund, Hashed, Mirana Ventures, and several other investors chipped in, too, according to a July 22…
https://cryptoinsight.ae/ex-coinbase-staff-founded-npc-labs-raises-21m-to-build-gaming-on-base/
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NPC Labs, a GameFi infrastructure startup founded by three former Coinbase employees, has raised $21 million to accelerate gaming development on Coinbase’s Ethereum layer-2 network Base.
The funding included $18 million from cryptocurrency-focused venture capital firm Pantera Capital. Makers Fund, Hashed, Mirana Ventures, and several other investors chipped in, too, according to a July 22…
https://cryptoinsight.ae/ex-coinbase-staff-founded-npc-labs-raises-21m-to-build-gaming-on-base/
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The SEC’s war against Ethereum and Consensys isn’t over
There is a broad misunderstanding in the crypto community about the status of the Securities and Exchange Commission’s (SEC) campaign to undermine blockchain innovation in the United States. When Consensys announced in June that the SEC had decided to conclude its “Ethereum 2.0” investigation, it was taken as another signal that a hostile administration was…
https://cryptoinsight.ae/the-secs-war-against-ethereum-and-consensys-isnt-over/
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There is a broad misunderstanding in the crypto community about the status of the Securities and Exchange Commission’s (SEC) campaign to undermine blockchain innovation in the United States. When Consensys announced in June that the SEC had decided to conclude its “Ethereum 2.0” investigation, it was taken as another signal that a hostile administration was…
https://cryptoinsight.ae/the-secs-war-against-ethereum-and-consensys-isnt-over/
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Crypto community marks 10-year Ethereum ICO anniversary with global events
The global blockchain industry is celebrating the 10-year anniversary of the Ethereum network’s initial coin offering (ICO).
Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.
On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether paid for in Bitcoin.
Ethereum…
https://cryptoinsight.ae/crypto-community-marks-10-year-ethereum-ico-anniversary-with-global-events/
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The global blockchain industry is celebrating the 10-year anniversary of the Ethereum network’s initial coin offering (ICO).
Ethereum started gaining traction in 2014 when co-founder Vitalik Buterin mentioned the project at a Bitcoin conference in Miami.
On July 22, Ethereum launched its ICO, selling over $18 million worth of Ether paid for in Bitcoin.
Ethereum…
https://cryptoinsight.ae/crypto-community-marks-10-year-ethereum-ico-anniversary-with-global-events/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $65,881.39 (-1.3%)
Ethereum ~ $3,446.85 (-0.3%)
Solana ~ $173.56 (-1.2%)
Polkadot ~ $5.93 (-1.6%)
Flow ~ $0.604 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $65,881.39 (-1.3%)
Ethereum ~ $3,446.85 (-0.3%)
Solana ~ $173.56 (-1.2%)
Polkadot ~ $5.93 (-1.6%)
Flow ~ $0.604 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ether ETFs start trading, preliminary inflow data revealed
Ether exchange-traded funds (ETFs) are now officially trading on stock exchanges, and the preliminary inflow data for the first 15 minutes of trading has been revealed by analysts.
According to Bloomberg senior ETF analyst Eric Balchunas, Bitwise outperformed its competitors during the first quarter-hour of trading, recording $25.5 million in capital inflows, second only to…
https://cryptoinsight.ae/ether-etfs-start-trading-preliminary-inflow-data-revealed/
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Ether exchange-traded funds (ETFs) are now officially trading on stock exchanges, and the preliminary inflow data for the first 15 minutes of trading has been revealed by analysts.
According to Bloomberg senior ETF analyst Eric Balchunas, Bitwise outperformed its competitors during the first quarter-hour of trading, recording $25.5 million in capital inflows, second only to…
https://cryptoinsight.ae/ether-etfs-start-trading-preliminary-inflow-data-revealed/
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Vitalik Buterin introduces Circle STARKs for blockchain efficiency
Ethereum co-founder Vitalik Buterin has introduced a new cryptographic protocol called Circle STARKs that promises to improve blockchain security and efficiency.
In his latest post, Buterin explains that this technological leap utilizes smaller fields like Mersenne31 to significantly improve proving speed without compromising security measures.
“The most important trend in STARK protocol design over the…
https://cryptoinsight.ae/vitalik-buterin-introduces-circle-starks-for-blockchain-efficiency/
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Ethereum co-founder Vitalik Buterin has introduced a new cryptographic protocol called Circle STARKs that promises to improve blockchain security and efficiency.
In his latest post, Buterin explains that this technological leap utilizes smaller fields like Mersenne31 to significantly improve proving speed without compromising security measures.
“The most important trend in STARK protocol design over the…
https://cryptoinsight.ae/vitalik-buterin-introduces-circle-starks-for-blockchain-efficiency/
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Wintermute in $300M funding talks, Tencent interested: Report
Algorithmic crypto trading firm Wintermute is in talks with investors to raise new capital, according to a report. A deal worth between $100 million and $300 million could be in the works.
Chinese social media conglomerate Tencent is among the investors considering the deal, Bloomberg and The Information reported on July 19. The deal would…
https://cryptoinsight.ae/wintermute-in-300m-funding-talks-tencent-interested-report/
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Algorithmic crypto trading firm Wintermute is in talks with investors to raise new capital, according to a report. A deal worth between $100 million and $300 million could be in the works.
Chinese social media conglomerate Tencent is among the investors considering the deal, Bloomberg and The Information reported on July 19. The deal would…
https://cryptoinsight.ae/wintermute-in-300m-funding-talks-tencent-interested-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $64,170.97 (-2.7%)
Ethereum ~ $3,172.78 (-7.9%)
Solana ~ $170.19(-2.1%)
Polkadot ~ $5.66 (-4.5%)
Flow ~ $0.6322 (4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $64,170.97 (-2.7%)
Ethereum ~ $3,172.78 (-7.9%)
Solana ~ $170.19(-2.1%)
Polkadot ~ $5.66 (-4.5%)
Flow ~ $0.6322 (4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first…
https://cryptoinsight.ae/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc/
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A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first…
https://cryptoinsight.ae/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc/
Website | Twitter | LinkedIn | Telegram
Ethereum’s future rests on 10,000 blockchains
A major topic in crypto in 2024 is the number of layer-2 (L2) blockchains created on top of the Ethereum network. Major nonfungible token (NFT) collections such as Pudgy Penguins, Bored Ape Yacht Club and Azuki have announced their own L2s — in addition to numerous traditional companies such as Fox Corporations and Flipkart.
This…
https://cryptoinsight.ae/ethereums-future-rests-on-10000-blockchains/
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A major topic in crypto in 2024 is the number of layer-2 (L2) blockchains created on top of the Ethereum network. Major nonfungible token (NFT) collections such as Pudgy Penguins, Bored Ape Yacht Club and Azuki have announced their own L2s — in addition to numerous traditional companies such as Fox Corporations and Flipkart.
This…
https://cryptoinsight.ae/ethereums-future-rests-on-10000-blockchains/
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Ethereum ETFs start strong but lag epic Bitcoin ETF launch — Analysts
Spot Ether exchange-traded funds (ETFs) are off to a strong start after pulling upward of $100 million in net inflows on July 23, the funds’ first day of trading, but they fell short of Bitcoin’s epic ETF debut in January and may struggle to catch up, according to analysts who spoke with Cointelegraph.
The spot…
https://cryptoinsight.ae/ethereum-etfs-start-strong-but-lag-epic-bitcoin-etf-launch-analysts/
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Spot Ether exchange-traded funds (ETFs) are off to a strong start after pulling upward of $100 million in net inflows on July 23, the funds’ first day of trading, but they fell short of Bitcoin’s epic ETF debut in January and may struggle to catch up, according to analysts who spoke with Cointelegraph.
The spot…
https://cryptoinsight.ae/ethereum-etfs-start-strong-but-lag-epic-bitcoin-etf-launch-analysts/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 3.7% change in the last 24 hours
Bitcoin ~ $67,010.70 (4.5%)
Ethereum ~ $3,265.87 (2.9%)
Solana ~ $177.50 (4.3%)
Polkadot ~ $5.85 (3.2%)
Flow ~ $0.6801 (8.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 3.7% change in the last 24 hours
Bitcoin ~ $67,010.70 (4.5%)
Ethereum ~ $3,265.87 (2.9%)
Solana ~ $177.50 (4.3%)
Polkadot ~ $5.85 (3.2%)
Flow ~ $0.6801 (8.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Web3 venture funding stabilizes after rocky 2023 — Crunchbase
Venture funding for Web3 startups is stabilizing after a year-long decline that started in 2023, with crypto ventures locking up some $2 billion in financing in the second quarter of 2024, according to Crunchbase.
The Q2 numbers are only modestly higher than the $1.8 billion raised in the prior quarter but reverse a downtrend that…
https://cryptoinsight.ae/web3-venture-funding-stabilizes-after-rocky-2023-crunchbase/
Website | Twitter | LinkedIn | Telegram
Venture funding for Web3 startups is stabilizing after a year-long decline that started in 2023, with crypto ventures locking up some $2 billion in financing in the second quarter of 2024, according to Crunchbase.
The Q2 numbers are only modestly higher than the $1.8 billion raised in the prior quarter but reverse a downtrend that…
https://cryptoinsight.ae/web3-venture-funding-stabilizes-after-rocky-2023-crunchbase/
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The future of crypto: AI implementations in blockchain technology
Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers.
The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context…
https://cryptoinsight.ae/the-future-of-crypto-ai-implementations-in-blockchain-technology/
Website | Twitter | LinkedIn | Telegram
Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers.
The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context…
https://cryptoinsight.ae/the-future-of-crypto-ai-implementations-in-blockchain-technology/
Website | Twitter | LinkedIn | Telegram
Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.
“I would say…
https://cryptoinsight.ae/blackrock-foresees-very-little-interest-in-crypto-etfs-beyond-bitcoin-ethereum-bitcoin-2024/
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Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.
“I would say…
https://cryptoinsight.ae/blackrock-foresees-very-little-interest-in-crypto-etfs-beyond-bitcoin-ethereum-bitcoin-2024/
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