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 $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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Quick guide: How to avoid crypto bear market mistakes and be ready for the next bull run

During the crypto downturn, CoinDesk surveyed some survivors of the last bear market for advice on what to do and not to do.

Cryptocurrency prices have plummeted, some crypto projects have gone bust, many companies are struggling and have stopped hiring, and the usual “crypto is dead” headlines are hitting the mainstream media. Things aren’t…

https://cryptoinsight.ae/quick-guide-how-to-avoid-crypto-bear-market-mistakes-and-be-ready-for-the-next-bull-run/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $904 Billion, a -0.1% change in the last 24 hours

Bitcoin ~ $19,175.84 (0.3%)
Ethereum ~ $1,057.04 (-0.5%)
Solana ~ $33.03 (0.6%)
Polkadot ~ $6.78 (0.8%)
Flow ~ $1.53 (-0.2%)

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UAE is trendsetting in crypto regulation, EU academic says

The UAE, Japan, and Singapore have emerged as the trendsetters in regulating the crypto market effectively, top European academic Guy Burton said, citing The Dubai Financial Services Authority explicitly included a crypto regulatory framework in its 2021 business plan.

Guy Burton, an Adjunct Professor at the Brussels School of Governance, where he teaches politics and…

https://cryptoinsight.ae/uae-is-trendsetting-in-crypto-regulation-eu-academic-says/

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Crypto Trends Weekly June 25 – July 1

Breaking crypto news from the last week (June 25 – July 1, 2022):

June 25: Months after getting exploited in one of the largest crypto-related hacks, the team behind Ronin announced the restart. Axie Infinity’s Ronin sidechain is expected to be relaunched next week after the $625 million exploit, ‘with all user funds returned.’

June…

https://cryptoinsight.ae/crypto-trends-weekly-june-25-july-1/

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Voyager Digital suspends crypto trading, deposits and withdrawals

Digital asset brokerage Voyager Digital said Friday that it is pausing all customer trading, deposits, and withdrawals. The crypto company claimed it had been affected by the liquidation of Three Arrows Capital.

Voyager Digital is suspending trading, deposits, and withdrawals in the latest sign of the deepening crisis in the crypto markets. Voyager said the…

https://cryptoinsight.ae/voyager-digital-suspends-crypto-trading-deposits-and-withdrawals/

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Hazam plans to launch the first Arab metaverse in collaboration with ChicMic

Hazam (HZM), the Arabic cryptocurrency project from Bahrain, has signed a strategic partnership with ChicMic, one of India’s leading software development companies, to launch its own metaverse world and Web3-based communication applications.

HZM, one of the first Arab cryptocurrencies founded by Bahrainis, partnered with ChicMic to be its technological arm. ChicMic will oversee the completion,…

https://cryptoinsight.ae/hazam-plans-to-launch-the-first-arab-metaverse-in-collaboration-with-chicmic/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $954 Billion, a 5.5% change in the last 24 hours

Bitcoin ~ $20,341.63 (6.1%)
Ethereum ~ $1,166.02 (10.3%)
Solana ~ $36.12 (9.3%)
Polkadot ~ $7.05 (4.1%)
Flow ~ $1.66 (8.1%)

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EU authorities agree on rules to tame ‘Wild West’ crypto market

European authorities have reached a milestone deal to regulate the trading of crypto assets in the bloc, to rein in what lawmakers call the “wild west” of financial markets. These standards are designed to protect consumers and increase transparency from companies.

EU member states and the European Parliament on July 1 settled the terms of…

https://cryptoinsight.ae/eu-authorities-agree-on-rules-to-tame-wild-west-crypto-market/

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Infamous North Korean hackers suspected of $100 million Harmony hack, experts say

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, digital investigative firms have concluded. Analysis suggests the hack is the work of the Lazarus Group, the Pyongyang-backed group behind a similar $622 million hack of Axie Infinity.

Following hackers recent…

https://cryptoinsight.ae/infamous-north-korean-hackers-suspected-of-100-million-harmony-hack-experts-say/

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Quick guide: What to know and do to get a job in crypto

There are a lot of crypto jobs, but do you need to be “crypto-native” to qualify? Here’s how to land a job in crypto – writes Ekin Genç on CoinDesk.

Crypto is a fast-growing and diverse industry, home to a broad array of organizations, from traditionally structured companies running services like centralized exchanges to decentralized…

https://cryptoinsight.ae/quick-guide-what-to-know-and-do-to-get-a-job-in-crypto/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $939 Billion, a -1.9% change in the last 24 hours

Bitcoin ~ $20,007.08 (-1.7%)
Ethereum ~ $1,128.77 (-3.1%)
Solana ~ $35.77 (-0.9%)
Polkadot ~ $6.81 (-3.5%)
Flow ~ $1.57 (-5.4%)

Follow and subscribe - @GulfCryptoInsight

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UAE launches the world’s most expensive NFT postage stamps for Golden Jubilee

The UAE has launched the world’s most expensive modern postage stamp to celebrate the 50th anniversary of the country’s Foundation Day. The launch of the NFT postage stamps made the UAE the only in the MENA region to do so.

Emirates Post Group (EPG), a government post office launched the first edition of the modern…

https://cryptoinsight.ae/uae-launches-the-worlds-most-expensive-nft-postage-stamps-for-golden-jubilee/

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Nexo offers to buy struggling rival Vauld amid the market consolidation

Сrypto lender Nexo has signed a term sheet with Vauld to explore an all-equity acquisition of the company. Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Before, Vauld paused operations and said it was exploring restructuring options due to “financial challenges.”

Struggling crypto lender Vauld has…

https://cryptoinsight.ae/nexo-offers-to-buy-struggling-rival-vauld-amid-the-market-consolidation/

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