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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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%)

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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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Iran plans to launch a ‘crypto rial’ pilot by the end of August

Iran’s government is taking steps in preparation for the launch of a new digital currency, referred to as the crypto rial. The monetary authority in Tehran hopes to initiate the project’s pilot phase within the next two months.

The authorities of the Islamic Republic are taking the necessary measures to launch a pilot of the…

https://cryptoinsight.ae/iran-plans-to-launch-a-crypto-rial-pilot-by-the-end-of-august/

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“Create, be yourself, develop new technology “, – Jambo co-founder

Jambo is one of the leaders in the African blockchain industry. Their business extends to many areas: Jambo is a venture company, a Web 3.0 super app developer for African countries, and a creator of educational projects, including in the field of cryptocurrencies.

Jambo’s super app concept combines education and gamesharing to earn money and…

https://cryptoinsight.ae/create-be-yourself-develop-new-technology-jambo-co-founder/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $954 Billion, a 1.2% change in the last 24 hours

Bitcoin ~ $20,329.26 (2.1%)
Ethereum ~ $1,168.24 (4.0%)
Solana ~ $36.68 (3.1%)
Polkadot ~ $6.92 (1.8%)
Flow ~ $1.58 (1.5%)

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Institutional investors pour the most into short Bitcoin products of last week’s inflows

Institutional investors loaded up last week on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC). By recovering from $423 million in outflows the week prior, digital assets investment products managed to pull $64 million in inflows, while ETH products generated the next highest figure at just…

https://cryptoinsight.ae/institutional-investors-pour-the-most-into-short-bitcoin-products-of-last-weeks-inflows/

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Polygon partners with Nothing, making a bet on Web3 phones

Ethereum scaling solution Polygon has partnered with phone maker Nothing to bring Web3 tech to mobile users. The upcoming Nothing Phone (1) will integrate Polygon’s tech for easier mobile access to dApps, games, payments, and more.

While Solana recently announced its Solana Mobile Stack (SMS) software initiative and Saga phone, Polygon revealed Wednesday its own…

https://cryptoinsight.ae/polygon-partners-with-nothing-making-a-bet-on-web3-phones/

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Binance zeros Bitcoin trading fees as it celebrates its 5th anniversary

Binance, the world’s largest crypto exchange by trading volume, said Wednesday it would remove Bitcoin trading fees for its 13 trading pairs: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP, and BTC/USDT.

Binance Founder and CEO Changpeng “CZ” Zhao said in a statement:

“In line with our user-first philosophy, Binance has…

https://cryptoinsight.ae/binance-zeros-bitcoin-trading-fees-as-it-celebrates-its-5th-anniversary/

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DIFX Launches Futures Trading: Innovation Still Thrives Amidst Crypto Turmoil

Grand Cayman, Cayman Islands – 6, July 2022 – Digital Financial Exchange (DIFX), a fully insured cross-asset exchange awarded “Most Trusted Cross-Asset Trading Platform in 2022” and “Best New Trading Platform in 2021”, has launched a unique updated version of its trading platform with a slew of impressive new features. The changes show significant progress…

https://cryptoinsight.ae/difx-launches-futures-trading-innovation-still-thrives-amidst-crypto-turmoil/

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