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 $974 Billion, a -2.5% change in the last 24 hours

Bitcoin ~ $20,798.82 (-1.9%)
Ethereum ~ $1,190.31 (-2.3%)
Solana ~ $37.97 (-5.8%)
Polkadot ~ $7.65 (-4.0%)
Flow ~ $1.75 (3.1%)

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Shariah-compliant Islamic Coin launches a private sale in Dubai

Islamic Coin (ISLM) claims to be the first Shariah-compliant digital currency. The Dubai-based coin has recently got itself a Fatwa from Muslim authorities and is preparing to launch a private sale soon.

As Be[In]Crypto reported, Shariah compliance has been a recurring issue in crypto. Islamic Coin claims to be a world-first by sticking to the…

https://cryptoinsight.ae/shariah-compliant-islamic-coin-launches-a-private-sale-in-dubai/

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Qatar doubles down to develop its CBDC

Qatar is actively exploring the possibilities of launching its first central bank digital currency (CBDC). If this happens, the country will become the first Arab nation to launch a CBDC. Meanwhile, the central banks in Saudi Arabia and UAE are collaborating on blockchain projects in the financial sector.

Speaking at the recently concluded Bloomberg-powered Qatar…

https://cryptoinsight.ae/qatar-doubles-down-to-develop-its-cbdc/

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What can the FT archive tell us about the future of Bitcoin?

A deep dive into the FT archive reveals what has driven the cryptocurrency’s falls and rises.

Bitcoin has crashed in value by more than 50% in the past six months, but holders of the cryptocurrency are used to volatility. Here we look at how the FT covered Bitcoin’s previous booms and busts to see if…

https://cryptoinsight.ae/what-can-the-ft-archive-tell-us-about-the-future-of-bitcoin/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $941 Billion, a -3.5% change in the last 24 hours

Bitcoin ~ $20,183.05 (-2.8%)
Ethereum ~ $1,134.27 (-4.5%)
Solana ~ $35.11 (-7.3%)
Polkadot ~ $7.19 (-5.7%)
Flow ~ $1.64 (-6.4%)

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Dubai Blockchain Center creates metaverse for UAE’s digital economy taskforce

Dubai Blockchain Center (DBCC), a strategic partner to the government agency Dubai Future Foundation, revealed its plans to create a metaverse for the government task force impaneled to develop and oversee the digital economy policies in the region.

During the DIFC Fintech Week in Dubai, Marwan Al-Zarouni, DBCC CEO, told Arab News on the sidelines…

https://cryptoinsight.ae/dubai-blockchain-center-creates-metaverse-for-uaes-digital-economy-taskforce/

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HTC presents the metaverse phone with crypto and NFT wallet

Electronic manufacturer HTC has announced the “Viverse” phone, its first smartphone, designed to navigate the metaverse with incorporated crypto and NFT functionality. The HTC Desire 22 Pro model includes preloaded apps compatible with its own metaverse “Viverse.”

As per an announcement, the new phone comes preloaded with apps that allow access to and manage your…

https://cryptoinsight.ae/htc-presents-the-metaverse-phone-with-crypto-and-nft-wallet/

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Crypto.com app to allow users to buy crypto with Apple Pay

Crypto.com has announced the integration of Apple Pay into its mobile app and website. Apple does not support the crypto payment directly, but Crypto.com users in the US would be given an option to make the in-app purchases. Purchases can be made with both credit and debit cards through Apple Pay.

Crypto.com specifically was onboard…

https://cryptoinsight.ae/crypto-com-app-to-allow-users-to-buy-crypto-with-apple-pay/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $930 Billion, a -1.8% change in the last 24 hours

Bitcoin ~ $20,016.57 (-0.5%)
Ethereum ~ $1,088.67 (-3.9%)
Solana ~ $32.45 (-7.3%)
Polkadot ~ $6.89 (-4.2%)
Flow ~ $1.51 (-7.3%)

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Crypto.com removes DOGE, SHIB, XTZ from earn program, adding NEAR and FTM

Crypto.com announced Monday that it is removing 15 cryptocurrencies from its Crypto Earn rewards program. The crypto exchange is cutting DOGE, SHIB, and 13 other coins but adding ZIL, NEAR, and FTM.

According to an announcement on June 27, Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are among the coins to be removed,…

https://cryptoinsight.ae/crypto-com-removes-doge-shib-xtz-from-earn-program-adding-near-and-ftm/

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Three Arrows Capital was reportedly ordered into liquidation by the court

A British Virgin Islands court reportedly ordered cryptocurrency hedge fund firm Three Arrows Capital (3AC) into liquidation. 3AC must now formally liquidate assets tied to its British Virgin Islands company. It’s still unclear what assets Three Arrows Capital has or what this means for its creditors.

According to Sky News, Three Arrows Capital (3AC), the…

https://cryptoinsight.ae/three-arrows-capital-was-reportedly-ordered-into-liquidation-by-the-court/

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🚨 SQT Public Sale Announcement 🚨

🙌 It's official! $SQT token will launch on
@TokensoftInc
! 🚀

🌕 Round 1 - 19 July 2pm UTC
🌕 Round 2 - 20 July 2pm UTC
🌕 Round 3 - 21 July 2pm UTC

Details ➡️ http://bit.ly/3zXWEGw
Public Sale page ➡️ http://bit.ly/3xK3axT

https://twitter.com/subquerynetwork/status/1541708012989153283?s=21&t=1OuKQ9o8SJ2ogb9UOHQgVA
The Sandbox launches the bridge to Polygon

Giant metaverse gaming platform The Sandbox, based on the Ethereum blockchain, has unveiled a bridge that enables users to transfer their virtual NFT (LAND) and native tokens (SAND) over to the Layer-2 network Polygon (MATIC). The upgrade comes with many perks for LAND holders, including staking features and mSAND cashback.

Previously, all LAND collectibles from…

https://cryptoinsight.ae/the-sandbox-launches-the-bridge-to-polygon/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $910 Billion, a -2.5% change in the last 24 hours

Bitcoin ~ $19,486.09 (-2.7%)
Ethereum ~ $1,057.24 (-3.0%)
Solana ~ $32.71 (0.8%)
Polkadot ~ $6.64 (-3.7%)
Flow ~ $1.47 (-2.3%)

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Hello there!
Day started from:

The global cryptocurrency market cap today is $903 Billion, a -0.9% change in the last 24 hours

Bitcoin ~ $19,265.22 (-1.0%)
Ethereum ~ $1,048.00 (-0.9%)
Solana ~ $32.55 (-0.5%)
Polkadot ~ $6.72 (1.2%)
Flow ~ $1.50 (2.5%)

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SEC rejects Grayscale Bitcoin spot ETF, while Jacobi announces the first Bitcoin ETF in Europe

Bitcoin fell over 5% following the US Securities and Exchange Commission (SEC) rejected the Bitcoin spot ETF proposed by Grayscale. The crypto fund has launched a lawsuit against the SEC after the regulator’s denial. Meanwhile, Jacobi Asset Management announced the launch of Europe’s first Bitcoin ETF on the Euronext Amsterdam exchange.

Thursday morning, Bitcoin fell…

https://cryptoinsight.ae/sec-rejects-grayscale-bitcoin-spot-etf-while-jacobi-announces-the-first-bitcoin-etf-in-europe/

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FTX buys BlockFi for $240 million

FTX crypto exchange has signed Friday a deal with an option to buy crypto lender BlockFi for up to $240 million, BlockFi CEO Zac Prince said. Lately, FTX CEO Sam Bankman-Fried and his fund Alameda Research have been seen as a lender of last resort in the crypto space.

Moreover, Prince tweeted that FTX has…

https://cryptoinsight.ae/ftx-buys-blockfi-for-240-million/

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NFT trading volume in USD fell by 70% in June, but the sales pace remains steady

In the past month, the total volume of NFT trades has fallen by 55% in terms of ETH, or about a 70% decrease when valued in USD. However, the number of weekly active NFT sales hasn’t changed much.

The state of the NFT market isn’t all bad amid the bear market. According to Nansen data,…

https://cryptoinsight.ae/nft-trading-volume-in-usd-fell-by-70-in-june-but-the-sales-pace-remains-steady/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $903 Billion, a -0.2% change in the last 24 hours

Bitcoin ~ $19,116.14 (-0.8%)
Ethereum ~ $1,061.81 (1.2%)
Solana ~ $32.80 (0.4%)
Polkadot ~ $6.72 (-0.2%)
Flow ~ $1.54 (2.4%)

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Abu Dhabi aims to get more female participants in Web3

Two Saudi agencies – Access Abu Dhabi and the Abu Dhabi Investment Office (ADIO) – and Web3 identity and NFT domain name service provider Unstoppable Domains signed a partnership to give away free crypto domains to female residents in Abu Dhabi, aiming to incentivize them to participate in Web3.

Abu Dhabi is looking to attract…

https://cryptoinsight.ae/abu-dhabi-aims-to-get-more-female-participants-in-web3/

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Cardano to launch its own algorithmic stablecoin Djed soon

Djed, Cardano’s algorithmic stablecoin, developed in collaboration with the COTI network, might launch shortly after the Vasil Hard Fork mainnet launch, its team revealed. The tentative date of the launch could be in the last week of July.

“We are also waiting for Cardano’s Vasil Hard Fork to take place. The Vasil Hard Fork will…

https://cryptoinsight.ae/cardano-to-launch-its-own-algorithmic-stablecoin-djed-soon/

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