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 $2.45 Trillion, a 2.6% change in the last 24 hours

Bitcoin ~ $64,119.50 (3.5%)
Ethereum ~ $3,062.69 (2.3%)
Solana ~ $143.90 (4.4%)
Polkadot ~ $6.76 (3.9%)
Flow ~ $0.8873 (5.2%)

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Bitcoin halving 2024 — Done and dusted!

Bitcoin has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again.

The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000.

At the time of publication, Bitcoin’s price is…

https://cryptoinsight.ae/bitcoin-halving-2024-done-and-dusted/

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Here’s how crypto game Notcoin onboarded over 30M users — founder

The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game.

In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release. Compared to another popular blockchain-based game called Axie Infinity,…

https://cryptoinsight.ae/heres-how-crypto-game-notcoin-onboarded-over-30m-users-founder/

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Tether’s USDT stablecoin goes live on TON blockchain

Stablecoin operator Tether is strengthening ties with Telegram’s Web3 ecosystem by launching its U.S. dollar-pegged USDT stablecoin on The Open Network (TON).
Tether made the announcement on April 19, also revealing it would launch the gold-pegged Tether Gold (XAUT) stablecoin on TON as well.

The announcement came in conjunction with Tether CEO Paolo Ardoino’s and…

https://cryptoinsight.ae/tethers-usdt-stablecoin-goes-live-on-ton-blockchain/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.52 Trillion, a 2.7% change in the last 24 hours

Bitcoin ~ $65,028.03 (1.3%)
Ethereum ~ $3,174.93 (3.7%)
Solana ~ $150.25 (4.7%)
Polkadot ~ $7.19 (6.3%)
Flow ~ $0.9412 (6.1%)

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Bitcoin halving 2024: 5 ways it’s different this time

Another Bitcoin halving has come and gone, the fourth so far, and this one was like no other before it, with institutional investment playing a key role for the very first time.
Bitcoin halvings have been historically associated with one essential similarity — a subsequent spike in BTC price, which often occurs some time after…

https://cryptoinsight.ae/bitcoin-halving-2024-5-ways-its-different-this-time/

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Bitcoin halving: Why it’s important for BTC scarcity

The fourth-ever Bitcoin halving occurred a few hours ago at the 840,000th block. The halving is considered the most important economic mechanism influencing Bitcoin supply and creating scarcity for the asset.

The Bitcoin network’s fourth halving event, reduced block issuance rewards from 6.25 BTC to 3.125 BTC per mined block, effectively slashing Bitcoin’s issuance rate…

https://cryptoinsight.ae/bitcoin-halving-why-its-important-for-btc-scarcity/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.56 Trillion, a 1.9% change in the last 24 hours

Bitcoin ~ $66,236.50 (1.7%)
Ethereum ~ $3,224.15 (1.2%)
Solana ~ $154.64 (2.4%)
Polkadot ~ $7.45 (3.4%)
Flow ~ $0.9594 (1.4%)

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Bitcoin turns bullish after the halving — Will BNB, NEAR, MNT and RNDR follow?

Bitcoin recovered sharply from the intra-week lows and is likely to close the halving week with a minor loss of roughly 1%. According to Farside Investors data, the spot Bitcoin exchange-traded funds witnessed an inflow of $30.4 million a day before the halving, halting the five successive days of outflows.

The Grayscale Bitcoin Trust (GBTC)…

https://cryptoinsight.ae/bitcoin-turns-bullish-after-the-halving-will-bnb-near-mnt-and-rndr-follow/

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Memes are creating a ‘Cambrian explosion’ of crypto onboarding: Base creator

Base creator Jesse Pollak believes memes will be key to onboarding millions of users to his Coinbase-adjacent layer-2 network, which has already tripled in total value locked (TVL) since March.
During a memecoin hackathon in New York on April 20, Pollak said memes are an important part of the on-chain economy, adding that he is…

https://cryptoinsight.ae/memes-are-creating-a-cambrian-explosion-of-crypto-onboarding-base-creator/

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Tether issued on TON blockchain at a ‘great start,’ says CEO — Now at $60M

$60 million worth of Tether has already been issued on The Open Network (TON) since it began supporting the blockchain on April 19, making it the 11th-largest blockchain for Tether out of 16.
On April 19, the stablecoin issuer announced a collaboration with the TON Foundation at the Token2049 crypto conference in Dubai that would…

https://cryptoinsight.ae/tether-issued-on-ton-blockchain-at-a-great-start-says-ceo-now-at-60m/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.57 Trillion, a 1.1% change in the last 24 hours

Bitcoin ~ $66,558.51 (0.4%)
Ethereum ~ $3,191.23 (-1.1%)
Solana ~ $155.92 (1.2%)
Polkadot ~ $7.48 (0.3%)
Flow ~ $0.9535 (-0.6%)

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Bitcoin halving shows new users that ‘code is ultimately the law’ in crypto

As the Bitcoin halving marked another major milestone in the crypto space, leaders in the crypto community shared different perspectives on how the event would affect the different areas of crypto.
On April 20, the Bitcoin network successfully went through the fourth halving event after the 840,000th block was mined. The occasion reduced mining rewards…

https://cryptoinsight.ae/bitcoin-halving-shows-new-users-that-code-is-ultimately-the-law-in-crypto/

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GameFi airdrops are here to stay but won’t save a bad game: Execs

Despite lingering resistance from some gamers over “tokenomics,” gaming studios will most likely continue to use airdrops and other incentives to attract players, according to industry executives.

“It’s a very easy way to get market share, said Kieran Warwick, founder of gaming studio Illuvium in an interview with Cointelegraph.

However, games that fail to deliver…

https://cryptoinsight.ae/gamefi-airdrops-are-here-to-stay-but-wont-save-a-bad-game-execs/

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DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham

Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham.

“There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik…

https://cryptoinsight.ae/defi-whales-have-millions-forgotten-in-bridge-contracts-arkham/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.59 Trillion, a 1.5% change in the last 24 hours

Bitcoin ~ $66,716.79 (0.3%)
Ethereum ~ $3,257.52 (2.3%)
Solana ~ $158.88 (1.9%)
Polkadot ~ $7.40 (-0.9%)
Flow ~ $1.02 (7.3%)

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Token airdrops targeted by farm accounts and ‘Sybil attacks’

Amid surging prices, many crypto projects have seen a rise in fake farm accounts, or “Sybil attacks,” named so after a book about a woman with many personalities. These fake accounts create artificial network activity to claim as many tokens as possible during airdrop events, which have become highly lucrative over the years.
“We’ve recently…

https://cryptoinsight.ae/token-airdrops-targeted-by-farm-accounts-and-sybil-attacks/

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Scammers eye Toncoin as Telegram-TON partnership grabs headlines

Telegram’s public support for The Open Network (TON) blockchain and its intention to incorporate its native Toncoin token have led to scammers targeting unsuspecting tokenholders to exploit them.
Information shared with Cointelegraph from cybersecurity firm Kaspersky outlines a cryptocurrency scam that has been attempting to steal Toncoin (TON) from Telegram users worldwide.

According to experts…

https://cryptoinsight.ae/scammers-eye-toncoin-as-telegram-ton-partnership-grabs-headlines/

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Cosmos patches ‘critical’ IBC protocol bug saving $126M

Cosmos developers have fixed a “critical” security bug in its Inter-Blockchain Communication (IBC) protocol which put at least $126 million at risk, says a blockchain security firm that privately notified Cosmos of the issue.

“We privately disclosed the vulnerability through the Cosmos HackerOne Bug Bounty program and the issue is now patched,” Asymmetric Research said…

https://cryptoinsight.ae/cosmos-patches-critical-ibc-protocol-bug-saving-126m/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.5 Trillion, a 3.7% change in the last 24 hours

Bitcoin ~ $64,283.07 (-3.5%)
Ethereum ~ $3,162.87 (-2.6%)
Solana ~ $148.17 (-6.0%)
Polkadot ~ $6.95 (-5.8%)
Flow ~ $0.9289 (-7.0%)

Follow and subscribe - @GulfCryptoInsight

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