Gulf Crypto Insight
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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
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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.06 Trillion, a -0.8% change in the last 24 hours

Bitcoin ~ $51,558.85 (-0.5%)
Ethereum ~ $2,934.24 (-1.4%)
Solana ~ $103.98 (-2.4%)
Polkadot ~ $7.40 (-1.3%)
Flow ~ $0.8873 (-2.4%)

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CBDCs: User privacy problem or currency of the future?

Central bank digital currencies (CBDC) have received quite a bit of attention in recent years, sparking a fierce debate about the benefits and possible drawbacks of the technology.
A digital form of a country’s fiat currency, CBDCs are centralized and backed by a nation’s central bank. In contrast, cryptocurrencies like Bitcoin are decentralized and not…

https://cryptoinsight.ae/cbdcs-user-privacy-problem-or-currency-of-the-future/

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Tether won’t confirm or deny if it’s dropping USDT on Tron

Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the blockchain on Tuesday.

“Tether tokens are issued on several blockchains, which are simply transport layers for such tokens,” Tether said in a statement to Cointelegraph…

https://cryptoinsight.ae/tether-wont-confirm-or-deny-if-its-dropping-usdt-on-tron/

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Starknet’s STRK token drops as Nethermind and airdrop hunters dump millions

The two-day-old token of Ethereum layer-2 network Starknet has more than halved in price as Ethereum infrastructure firm Nethermind and airdrop farmers dumped millions of dollars worth of the airdropped token.
Starknet’s (STRK) price has dropped nearly 60% and is trading under $1.90 from a Feb. 20 top of $4.41, when it was airdropped to…

https://cryptoinsight.ae/starknets-strk-token-drops-as-nethermind-and-airdrop-hunters-dump-millions/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.06 Trillion, a 0.0% change in the last 24 hours

Bitcoin ~ $51,240.89 (-0.7%)
Ethereum ~ $2,960.19 (0.8%)
Solana ~ $102.60 (-1.6%)
Polkadot ~ $7.42 (0.1%)
Flow ~ $0.9462 (6.6%)

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StarkWare changes STRK token unlock schedule following controversy

StarkWare has amended its Starknet (STRK) token unlock schedule following concerns that the original plan would allow the network’s investors to dump on retail Starknet users.

The changes will see a “more gradual” token unlock schedule for its early contributors and investors, implementing smaller, periodic token drops over three years instead of a larger drop…

https://cryptoinsight.ae/starkware-changes-strk-token-unlock-schedule-following-controversy/

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Empirical analysis identifies blockchain as highest performing information security startup investment

A team of Swiss researchers, under grant from Switzerland’s Cyber-Defence Campus, recently published an empirical study showing blockchain as the top performer among information security startup investments.

The study, titled “Measuring the performance of investments in information security startups: An empirical analysis by cybersecurity sectors using Crunchbase data,” identifies and ranks 19 information security startup…

https://cryptoinsight.ae/empirical-analysis-identifies-blockchain-as-highest-performing-information-security-startup-investment/

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Web3 game Pixels now valued at $2.7B after migration to Ronin

Pixel, one of the largest Web3 games by daily active user count, has approached a valuation of $3 billion shortly after its token listing on cryptocurrency exchange Binance.
At the time of publication, the PIXEL token is currently trading at $0.5385, representing a gain of 1,246% from its listing price of $0.04 on Binance on…

https://cryptoinsight.ae/web3-game-pixels-now-valued-at-2-7b-after-migration-to-ronin/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.05 Trillion, a -0.1% change in the last 24 hours

Bitcoin ~ $50,954.00 (-0.5%)
Ethereum ~ $2,945.56 (-0.3%)
Solana ~ $100.77 (-1.5%)
Polkadot ~ $7.69 (3.5%)
Flow ~ $1.01 (7.5%)

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New crypto scam drains users’ wallets without transaction approval

A new scam circulating on Telegram allows the attacker to drain a victim’s crypto wallet without the victim needing to confirm a transaction, according to user reports and blockchain data.

The scam only works on tokens that comply with the ERC-2612 token standard, which allows for “gas-less” transfers or transfers by a wallet that does…

https://cryptoinsight.ae/new-crypto-scam-drains-users-wallets-without-transaction-approval/

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Bitcoin halving ‘blood bath’ could push US miners offshore

Potential sluggishness in the price of Bitcoin after the Bitcoin halving could tank the share prices of high-cost public miners in the United States, forcing some to even move offshore.
“We might see a mining stock blood bath as investors realize these companies are barely making money,” says Jaran Mellerud, founder and chief mining strategist…

https://cryptoinsight.ae/bitcoin-halving-blood-bath-could-push-us-miners-offshore/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.08 Trillion, a 1.5% change in the last 24 hours

Bitcoin ~ $51,641.54 (1.2%)
Ethereum ~ $3,022.92 (2.5%)
Solana ~ $103.11 (2.1%)
Polkadot ~ $7.73 (0.4%)
Flow ~ $0.9922 (2.1%)

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What is a block reward

Significance of a block reward in cryptocurrency
A block reward is a crucial component that supports the decentralized nature of cryptocurrencies and has great symbolic and functional importance. 

Fundamentally, a block reward is the payment made to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical…

https://cryptoinsight.ae/what-is-a-block-reward/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.1 Trillion, a 0.9% change in the last 24 hours

Bitcoin ~ $51,588.65 (-0.2%)
Ethereum ~ $3,109.71 (2.6%)
Solana ~ $103.72 (0.5%)
Polkadot ~ $7.84 (1.2%)
Flow ~ $1.07 (7.6%)

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46% of largest crypto airdrops peaked within 14 days — CoinGecko

Recent data from cryptocurrency data aggregator CoinGecko indicates that holding a newly airdropped crypto token for more than 14 days has, nearly half the time, resulted in missing the opportunity to sell at its all-time high.
Since 2020, there has been a significant increase in airdrop interest. The most common way to receive free airdropped…

https://cryptoinsight.ae/46-of-largest-crypto-airdrops-peaked-within-14-days-coingecko/

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Privacy-focused Aleo users concerned after KYC documents leak

Decentralized blockchain platform Aleo has revealed some users’ information on Feb. 25, according to reports on the X (formerly Twitter). The platform focuses on zero-knowledge (zk) cryptography and uses a third-party protocol for Know Your Customer (KYC).

A pseudonymous user named @0xemirsoyturk said Aleo mistakenly sent KYC documents to his email. These documents included selfies…

https://cryptoinsight.ae/privacy-focused-aleo-users-concerned-after-kyc-documents-leak/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.23 Trillion, a 6.4% change in the last 24 hours

Bitcoin ~ $56,224.38 (9.1%)
Ethereum ~ $3,229.25 (3.9%)
Solana ~ $110.63 (6.4%)
Polkadot ~ $8.15 (3.9%)
Flow ~ $1.08 (0.2%)

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The Dencun Upgrade is not enough to scale Ethereum

Ethereum has its limitations. It was clear from the beginning that the existing technology would be unable to handle large volumes of transactions. With its increasing use cases across and critical importance to various sectors, implementing innovative solutions to scale the network is imperative. The Dencun upgrade — scheduled to occur on March 13 —…

https://cryptoinsight.ae/the-dencun-upgrade-is-not-enough-to-scale-ethereum/

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Saudi Arabia launches ‘cultural’ metaverse to celebrate founding day

The Saudi Arabian Ministry of Culture launched a metaverse dedicated to showcasing and preserving the nation’s cultural heritage on the occasion of its founding day.
The Saudi government’s Cultural Universe metaverse initiative, which takes a user through the long history of Saudi Arabia dating back to 1727, went live on Feb. 22. The metaverse was…

https://cryptoinsight.ae/saudi-arabia-launches-cultural-metaverse-to-celebrate-founding-day/

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4 reasons why Ethereum is finally topping out versus Bitcoin

Ethereum’s native cryptocurrency, Ether, has gained over 20% against Bitcoin since Feb. 12. This notable surge has occurred primarily due to anticipations surrounding the potential approval of a spot Ether exchange-traded fund (ETF) in the United States by May of this year.
However, the widely-tracked ETH/BTC pair has reached a historical inflection point that could…

https://cryptoinsight.ae/4-reasons-why-ethereum-is-finally-topping-out-versus-bitcoin/

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