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 $3.17 Trillion, a 3.1% change in the last 24 hours

Bitcoin ~ $91,405.18 (3.9%)
Ethereum ~ $3,128.90 (2.0%)
Solana ~ $220.12 (4.9%)
Polkadot ~ $5.28 (8.3%)
Flow ~ $0.6365 (9.6%)

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EU regulator sets restrictive measure guidelines for crypto providers

The European Banking Authority (EBA), Europe’s regulatory agency in charge of addressing weaknesses in the banking sector, published two sets of guidelines, including a specific guide for payment service providers (PSPs) and crypto-asset service providers (CASPs).

On Nov. 14, the EBA released guidelines that specify what PSPs and CASPs must do to comply with the…

https://cryptoinsight.ae/eu-regulator-sets-restrictive-measure-guidelines-for-crypto-providers/

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Financial institutions will drive RWA tokenization’s trillion-dollar growth

Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth.

Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets.

Large financial institutions will be…

https://cryptoinsight.ae/financial-institutions-will-drive-rwa-tokenizations-trillion-dollar-growth/

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Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

Tether minted $1 billion in USDt stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.

The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.”

Onchain records also…

https://cryptoinsight.ae/tether-mints-1-billion-usdt-on-tron-pays-zero-fees-arkham/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.17 Trillion, a -1.6% change in the last 24 hours

Bitcoin ~ $90,550.27 (-0.8%)
Ethereum ~ $3,114.07 (-0.4%)
Solana ~ $237.70 (8.1%)
Polkadot ~ $5.61 (6.6%)
Flow ~ $0.6653 (4.8%)

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‘There is a global race underway for Bitcoin’ — Anthony Pompliano

Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin arms race between sovereign nations and governments has already started.

In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the…

https://cryptoinsight.ae/there-is-a-global-race-underway-for-bitcoin-anthony-pompliano/

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Chainlink introduces the ‘Chainlink Runtime Environment’ framework

Oracle provider Chainlink has revealed the “Chainlink Runtime Environment” — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem.

According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL)…

https://cryptoinsight.ae/chainlink-introduces-the-chainlink-runtime-environment-framework/

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No apology can ‘undo the damage’ Gary Gensler has caused: Tyler Winklevoss

Cryptocurrency exchange Gemini co-founder Tyler Winklevoss claims the damage caused by United States Securities and Exchange Commission (SEC) chair Gary Gensler to the crypto industry is irreversible as speculation mounts that Gensler may resign.

“Let’s all be clear on one thing. Gary Gensler is evil,” Winklevoss declared in a Nov. 15 X post. “He should…

https://cryptoinsight.ae/no-apology-can-undo-the-damage-gary-gensler-has-caused-tyler-winklevoss/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.2 Trillion, a -0.5% change in the last 24 hours

Bitcoin ~ $90,908.91 (0.5%)
Ethereum ~ $3,124.59 (0.5%)
Solana ~ $242.91 (2.7%)
Polkadot ~ $5.90 (5.1%)
Flow ~ $0.6974 (5.0%)

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‘DOGE’ could increase economic freedom in US — Coinbase CEO

Coinbase CEO Brian Armstrong has voiced support for the newly created United States Department of Government Efficiency (DOGE), a federal agency focused on reducing spending and cutting regulations. The department will be led by Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy.

On Aug. 20, US President-elect Donald Trump floated the idea of bringing Musk…

https://cryptoinsight.ae/doge-could-increase-economic-freedom-in-us-coinbase-ceo/

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Look out, Solana: Starknet to 4X TPS within 3 months

StarkWare CEO Eli Ben Sasson says he expects transaction speed on the firm’s Ethereum layer 2 Starknet to increase four-fold while fees fall “5x” over the next three months — which could see it competing with the likes of Solana.

The network improvements will mostly come from “better compilation and faster execution” on Cairo —…

https://cryptoinsight.ae/look-out-solana-starknet-to-4x-tps-within-3-months/

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OP_VAULT explained: How it could enhance Bitcoin security

What is OP_VAULT?
OP_VAULT is a feature that adds extra security to Bitcoin, helping protect it from theft or unauthorized access.

The decentralized nature of Bitcoin has revolutionized the digital economy. Still, as its use grows, so does the need for enhanced security. This is where OP_VAULT comes in, an innovative feature introducing a mechanism…

https://cryptoinsight.ae/op_vault-explained-how-it-could-enhance-bitcoin-security/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.22 Trillion, a -0.5% change in the last 24 hours

Bitcoin ~ $91,714.41 (0.8%)
Ethereum ~ $3,123.96 (-0.1%)
Solana ~ $241.51 (-0.7%)
Polkadot ~ $5.94 (0.4%)
Flow ~ $0.7118 (1.9%)

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BlackRock receives license to operate in Abu Dhabi

BlackRock, the multinational investment firm and spot Bitcoin exchange-traded fund (ETF) issuer, received a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates.

According to Bloomberg, the approval granted on Nov. 18 reflects BlackRock’s interest in expanding in the crypto-friendly region.

The company is also seeking a license to operate…

https://cryptoinsight.ae/blackrock-receives-license-to-operate-in-abu-dhabi/

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Bitcoin mining to make a comeback in households — Interview with Canaan

Bitcoin mining went through a dramatic transformation over the years thanks to the skyrocketing popularity of cryptocurrencies. Despite the scaling up, ASIC devices — short for application-specific integrated circuits — are still the name of the game when it comes to efficiency, speed and energy in BTC mining.

Designed solely for Bitcoin’s SHA-256 hashing algorithm,…

https://cryptoinsight.ae/bitcoin-mining-to-make-a-comeback-in-households-interview-with-canaan/

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Tether, Kraken, Fabric Ventures back new MiCA-compliant stablecoins

Tether, Kraken, and Fabric Ventures are backing Dutch fintech company Quantoz Payments in the launch of two stablecoins, EURQ and USDQ, compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

Set for release on Nov. 18, the euro- and United States dollar-backed tokens are licensed by the Dutch Central Bank (DNB) as e-money tokens…

https://cryptoinsight.ae/tether-kraken-fabric-ventures-back-new-mica-compliant-stablecoins/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.23 Trillion, a -1.5% change in the last 24 hours

Bitcoin ~ $92,624.75 (1.0%)
Ethereum ~ $3,111.16 (-0.4%)
Solana ~ $235.25 (-2.7%)
Polkadot ~ $5.87 (-1.1%)
Flow ~ $0.6858 (-3.6%)

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Nansen 2 brings transparency, analytics to Tron ecosystem

The Tron network will be fully integrated on Nansen 2 thanks to a collaboration between Nansen and the Tron decentralized autonomous organization (DAO). Nansen will launch a Tron Macro Dashboard that will provide developers and investors with real-time insights into the Tron ecosystem.
Nansen analyzing Tron heyday
Blockchain data analytics and wallet label provider Nansen…

https://cryptoinsight.ae/nansen-2-brings-transparency-analytics-to-tron-ecosystem/

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Chainlink, Microsoft, Banco Inter collaborate on Brazil’s CBDC pilot

Banco Central do Brasil (BCB), Brazil’s central bank, has launched phase two of its Drex central bank digital currency (CBDC) pilot, targeting improvements in cross-border agricultural commodity transactions and supply chain processes.

Phase two focuses on building a trade finance solution using oracles and blockchain technology. The initiative brings together Microsoft, Chainlink, Banco Inter and…

https://cryptoinsight.ae/chainlink-microsoft-banco-inter-collaborate-on-brazils-cbdc-pilot/

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How RWA unlocks new opportunities in the $700B reinsurance market

Nayms, a crypto-native marketplace, has announced the introduction of the NAYM token to enable decentralized governance, staking and greater participation in tokenized insurance programs.

The global reinsurance market, valued at over $700 billion, plays a critical role in stabilizing the broader insurance industry by covering risks for primary insurers. Traditionally, this market has been a…

https://cryptoinsight.ae/how-rwa-unlocks-new-opportunities-in-the-700b-reinsurance-market/

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