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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Arbitrum Discord hacker shares phishing announcement amid airdrop hype

The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive.

The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.

On March 25, blockchain-focused security firm…

https://cryptoinsight.ae/arbitrum-discord-hacker-shares-phishing-announcement-amid-airdrop-hype/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.2 Trillion, a -0.3% change in the last 24 hours

Bitcoin ~ $27,755.75 (0.2%)
Ethereum ~ $1,752.26 (-0.7%)
Solana ~ $20.50 (-1.8%)
Polkadot ~ $5.96 (-1.5%)
Flow ~ $0.948969 (-2.0%)

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Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.

Bitcoin has a matter of days to go before beginning a new macro uptrend, the latest analysis says.

In his latest tweet, popular trader and analyst Rekt Capital flagged a key monthly close in the making for…

https://cryptoinsight.ae/bitcoin-is-1-week-away-from-confirming-new-bull-market-analyst/

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Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).

North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC).

Under a March 26 purchase and assumption agreement, 17 former branches of…

https://cryptoinsight.ae/breaking-first-citizens-snaps-up-silicon-valley-bank-branches-open-monday/

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Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.

The other three include an on-chain reputation system,…

https://cryptoinsight.ae/coinbase-wants-devs-to-build-inflation-pegged-flatcoins-on-its-new-base-network/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.18 Trillion, a -2.2% change in the last 24 hours

Bitcoin ~ $27,143.40 (-2.4%)
Ethereum ~ $1,736.40 (-1.1%)
Solana ~ $20.05 (-2.5%)
Polkadot ~ $5.92 (-0.9%)
Flow ~ $0.922847 (-2.9%)

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7 details in the CFTC lawsuit against Binance you may have missed

Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.

The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.

In addition to allegations of market manipulation and…

https://cryptoinsight.ae/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed/

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Voyager’s $1B sale to Binance.US put on hold by US court

A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.

Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.…

https://cryptoinsight.ae/voyagers-1b-sale-to-binance-us-put-on-hold-by-us-court/

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Biden’s policy on crypto taxation undermines his environmental goals

We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.

Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…

https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/

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Breaking: Binance CEO CZ rejects allegations of market manipulation

Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance.

Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.”

In a…

https://cryptoinsight.ae/breaking-binance-ceo-cz-rejects-allegations-of-market-manipulation/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.21 Trillion, a 3.1% change in the last 24 hours

Bitcoin ~ $27,560.02 (2.2%)
Ethereum ~ $1,790.68 (4.1%)
Solana ~ $20.89 (5.1%)
Polkadot ~ $6.17 (5.3%)
Flow ~ $0.957436 (4.8%)

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Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors

MetaMask posted a warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media.

Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.

According to a March 28 tweet from…

https://cryptoinsight.ae/scam-alert-metamask-warns-users-of-deceptive-march-31-airdrop-rumors/

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The government should fear AI, not crypto: Galaxy Digital CEO

Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation.

Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…

https://cryptoinsight.ae/the-government-should-fear-ai-not-crypto-galaxy-digital-ceo/

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‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.

Ethereum validators will soon be able to withdraw their Ether from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.

Shapella will take effect at epoch 194,048, which is…

https://cryptoinsight.ae/withdrawals-are-coming-ethereum-devs-confirm-epoch-for-shapella-fork/

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Zero-knowledge proofs coming to Bitcoin, overhauling network state validation

Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.

Bitcoin users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.

ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the state…

https://cryptoinsight.ae/zero-knowledge-proofs-coming-to-bitcoin-overhauling-network-state-validation/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.23 Trillion, a 2.2% change in the last 24 hours

Bitcoin ~ $28,641.49 (3.7%)
Ethereum ~ $1,800.62 (0.4%)
Solana ~ $21.08 (0.7%)
Polkadot ~ $6.20 (0.1%)
Flow ~ $0.985392 (2.6%)

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SEC’s Gensler seeks $2.4B in funding to chase down crypto ‘misconduct’

United States Securities and Exchange Commission Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. President Joe Biden’s request to allocate a record $2.4 billion…

https://cryptoinsight.ae/secs-gensler-seeks-2-4b-in-funding-to-chase-down-crypto-misconduct/

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ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

ARB’s price trajectory looks similar to MATIC after its market debut when MATIC rose 1,350% after facing a brutal selloff in its early days of trading.

The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set…

https://cryptoinsight.ae/arb-price-to-2-ethereum-l2-rival-arbitrum-will-double-in-april-fractal-suggests/

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Arbitrum airdrop-related selling subsides, but DApp use sustains while smart money accumulates ARB

The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens.

The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…

https://cryptoinsight.ae/arbitrum-airdrop-related-selling-subsides-but-dapp-use-sustains-while-smart-money-accumulates-arb/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.22 Trillion, a -0.7% change in the last 24 hours

Bitcoin ~ $28,092.39 (-1.8%)
Ethereum ~ $1,799.85 (0.2%)
Solana ~ $20.42 (-2.7%)
Polkadot ~ $6.20 (0.2%)
Flow ~ $0.962007 (-1.7%)

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UK government announces ‘robust’ crypto regulation as part of economic crime plan

The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement’s ability to seize and store assets.

The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the…

https://cryptoinsight.ae/uk-government-announces-robust-crypto-regulation-as-part-of-economic-crime-plan/

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