Hello there!
Day started from:
The global cryptocurrency market cap today is $1 Trillion, a 4.8% change in the last 24 hours
Bitcoin ~ $21,852.56 (7.5%)
Ethereum ~ $1,246.45 (6.7%)
Solana ~ $38.03 (3.7%)
Polkadot ~ $7.25 (4.9%)
Flow ~ $1.66 (5.4%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1 Trillion, a 4.8% change in the last 24 hours
Bitcoin ~ $21,852.56 (7.5%)
Ethereum ~ $1,246.45 (6.7%)
Solana ~ $38.03 (3.7%)
Polkadot ~ $7.25 (4.9%)
Flow ~ $1.66 (5.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $993 Billion, a -1.7% change in the last 24 hours
Bitcoin ~ $21,508.54 (-1.6%)
Ethereum ~ $1,214.94 (-2.5%)
Solana ~ $38.31 (0.7%)
Polkadot ~ $7.14 (-1.5%)
Flow ~ $1.68 (0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $993 Billion, a -1.7% change in the last 24 hours
Bitcoin ~ $21,508.54 (-1.6%)
Ethereum ~ $1,214.94 (-2.5%)
Solana ~ $38.31 (0.7%)
Polkadot ~ $7.14 (-1.5%)
Flow ~ $1.68 (0.6%)
Follow and subscribe - @GulfCryptoInsight
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The first metaverse hospital to launch in the UAE
In the UAE, the first hospital in the metaverse under the management of Thumbay Group will go live this October. It will be a fully functional virtual hospital where patients around the world can use avatars to interact with doctors.
Healthcare provider Thumbay Group announced it has already started work on the project. It will…
https://cryptoinsight.ae/the-first-metaverse-hospital-to-launch-in-the-uae/
Website | Twitter | LinkedIn | Telegram
In the UAE, the first hospital in the metaverse under the management of Thumbay Group will go live this October. It will be a fully functional virtual hospital where patients around the world can use avatars to interact with doctors.
Healthcare provider Thumbay Group announced it has already started work on the project. It will…
https://cryptoinsight.ae/the-first-metaverse-hospital-to-launch-in-the-uae/
Website | Twitter | LinkedIn | Telegram
Bankman-Fried says FTX has ‘a few billion’ to support the crypto industry
Sam Bankman-Fried, head of FTX, one of the largest crypto exchanges, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, adding that the worst of the liquidity crunch has likely passed.
Bankman-Fried, 30, who lives in the Bahamas where…
https://cryptoinsight.ae/bankman-fried-says-ftx-has-a-few-billion-to-support-the-crypto-industry/
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Sam Bankman-Fried, head of FTX, one of the largest crypto exchanges, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilize the digital asset industry, adding that the worst of the liquidity crunch has likely passed.
Bankman-Fried, 30, who lives in the Bahamas where…
https://cryptoinsight.ae/bankman-fried-says-ftx-has-a-few-billion-to-support-the-crypto-industry/
Website | Twitter | LinkedIn | Telegram
Turks turning to Bitcoin amid record inflation in 24 years
As the Turkish lira has been losing its power, citizens have been turning to crypto. While Turkey’s annual inflation rate has reached 78.62%, the BTC volume of local P2P trading has increased significantly in Q1 and Q2 2022, compared to Q4 2021.
According to data from the Turkish Statistical Institute, Turkey’s inflation rate has hit…
https://cryptoinsight.ae/turks-turning-to-bitcoin-amid-record-inflation-in-24-years/
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As the Turkish lira has been losing its power, citizens have been turning to crypto. While Turkey’s annual inflation rate has reached 78.62%, the BTC volume of local P2P trading has increased significantly in Q1 and Q2 2022, compared to Q4 2021.
According to data from the Turkish Statistical Institute, Turkey’s inflation rate has hit…
https://cryptoinsight.ae/turks-turning-to-bitcoin-amid-record-inflation-in-24-years/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $985 Billion, a -1.0% change in the last 24 hours
Bitcoin ~ $21,357.02 (-0.7%)
Ethereum ~ $1,193.15 (-1.8%)
Solana ~ $37.45 (-2.3%)
Polkadot ~ $7.09 (-0.8%)
Flow ~ $1.66 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $985 Billion, a -1.0% change in the last 24 hours
Bitcoin ~ $21,357.02 (-0.7%)
Ethereum ~ $1,193.15 (-1.8%)
Solana ~ $37.45 (-2.3%)
Polkadot ~ $7.09 (-0.8%)
Flow ~ $1.66 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Most Ethereum 2.0 stakers are currently not in profit amid the bear market
After Ethereum’s price declined above 78% since November’s all-time high, just 17% of Ethereum 2.0 stakers are currently in profit, the Glassnode report revealed. Also, the number of deposits into the Ethereum 2.0 contract has fallen in the last few months.
According to the latest report from blockchain analytics firm Glassnode, Ethereum 2.0 stakers are…
https://cryptoinsight.ae/most-ethereum-2-0-stakers-are-currently-not-in-profit-amid-the-bear-market/
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After Ethereum’s price declined above 78% since November’s all-time high, just 17% of Ethereum 2.0 stakers are currently in profit, the Glassnode report revealed. Also, the number of deposits into the Ethereum 2.0 contract has fallen in the last few months.
According to the latest report from blockchain analytics firm Glassnode, Ethereum 2.0 stakers are…
https://cryptoinsight.ae/most-ethereum-2-0-stakers-are-currently-not-in-profit-amid-the-bear-market/
Website | Twitter | LinkedIn | Telegram
Central African Republic announced the launch of its own CBDC
President of the Central African Republic Faustin-Archange Touadera announced on July 3 that the country would be launching its own CBDC, Sango Coin. The national-backed cryptocurrency initiative to increase the opportunities to build the digital assets industry in the country was revealed during the ‘Sango Genesis’ online conference.
Besides the announcement of a CBDC, speakers…
https://cryptoinsight.ae/central-african-republic-announced-the-launch-of-its-own-cbdc/
Website | Twitter | LinkedIn | Telegram
President of the Central African Republic Faustin-Archange Touadera announced on July 3 that the country would be launching its own CBDC, Sango Coin. The national-backed cryptocurrency initiative to increase the opportunities to build the digital assets industry in the country was revealed during the ‘Sango Genesis’ online conference.
Besides the announcement of a CBDC, speakers…
https://cryptoinsight.ae/central-african-republic-announced-the-launch-of-its-own-cbdc/
Website | Twitter | LinkedIn | Telegram
Burn-to-Earn: German entrepreneur in Dubai merges fitness and crypto
Ferhat Kacmaz, a German entrepreneur who moved to Dubai, took the risk of merging fitness and crypto, incentivizing his customers to train with cryptocurrency in his own “burn-to-earn” app Fit Burn. His Fit in Time chain has already spread in the UAE, Bahrain, and Kuwait, with plans to soon open in Saudi Arabia, reflecting the…
https://cryptoinsight.ae/burn-to-earn-german-entrepreneur-in-dubai-merges-fitness-and-crypto/
Website | Twitter | LinkedIn | Telegram
Ferhat Kacmaz, a German entrepreneur who moved to Dubai, took the risk of merging fitness and crypto, incentivizing his customers to train with cryptocurrency in his own “burn-to-earn” app Fit Burn. His Fit in Time chain has already spread in the UAE, Bahrain, and Kuwait, with plans to soon open in Saudi Arabia, reflecting the…
https://cryptoinsight.ae/burn-to-earn-german-entrepreneur-in-dubai-merges-fitness-and-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $951 Billion, a -3.6% change in the last 24 hours
Bitcoin ~ $20,477.58 (-3.9%)
Ethereum ~ $1,144.70 (-3.9%)
Solana ~ $35.19 (-6.0%)
Polkadot ~ $6.76 (-4.4%)
Flow ~ $1.58 (-4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $951 Billion, a -3.6% change in the last 24 hours
Bitcoin ~ $20,477.58 (-3.9%)
Ethereum ~ $1,144.70 (-3.9%)
Solana ~ $35.19 (-6.0%)
Polkadot ~ $6.76 (-4.4%)
Flow ~ $1.58 (-4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto is trying out traditional finance’s failures in hyperspeed, but it’s going to be fine
What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times — writes George Kaloudis on CoinDesk.
The last time I wrote about a stablecoin, it failed spectacularly. So when a colleague of mine suggested I write about MakerDAO’s proposal to invest in US Treasurys…
https://cryptoinsight.ae/crypto-is-trying-out-traditional-finances-failures-in-hyperspeed-but-its-going-to-be-fine/
Website | Twitter | LinkedIn | Telegram
What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times — writes George Kaloudis on CoinDesk.
The last time I wrote about a stablecoin, it failed spectacularly. So when a colleague of mine suggested I write about MakerDAO’s proposal to invest in US Treasurys…
https://cryptoinsight.ae/crypto-is-trying-out-traditional-finances-failures-in-hyperspeed-but-its-going-to-be-fine/
Website | Twitter | LinkedIn | Telegram
Crypto Trends Weekly July 2 – 8
Breaking crypto news from the last week (July 2 – 8, 2022):
July 2: 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.…
https://cryptoinsight.ae/crypto-trends-weekly-july-2-8/
Website | Twitter | LinkedIn | Telegram
Breaking crypto news from the last week (July 2 – 8, 2022):
July 2: 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.…
https://cryptoinsight.ae/crypto-trends-weekly-july-2-8/
Website | Twitter | LinkedIn | Telegram
Grayscale rebalances its funds, removing 5 cryptos from its portfolio
Grayscale, the world’s largest digital currency asset manager, has announced rebalancing its Fund Components for the second quarter of 2022. However, the organization revealed it removed some crypto tokens from its portfolio.
According to the release, Grayscale mentioned that in accordance with the Large Cap Select Index methodology it has removed Bitcoin Cash, Chainlink, Litecoin,…
https://cryptoinsight.ae/grayscale-rebalances-its-funds-removing-5-cryptos-from-its-portfolio/
Website | Twitter | LinkedIn | Telegram
Grayscale, the world’s largest digital currency asset manager, has announced rebalancing its Fund Components for the second quarter of 2022. However, the organization revealed it removed some crypto tokens from its portfolio.
According to the release, Grayscale mentioned that in accordance with the Large Cap Select Index methodology it has removed Bitcoin Cash, Chainlink, Litecoin,…
https://cryptoinsight.ae/grayscale-rebalances-its-funds-removing-5-cryptos-from-its-portfolio/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $928 Billion, a -2.9% change in the last 24 hours
Bitcoin ~ $20,007.20 (-2.5%)
Ethereum ~ $1,089.42 (-5.2%)
Solana ~ $33.87 (-4.8%)
Polkadot ~ $6.59 (-2.8%)
Flow ~ $1.52 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $928 Billion, a -2.9% change in the last 24 hours
Bitcoin ~ $20,007.20 (-2.5%)
Ethereum ~ $1,089.42 (-5.2%)
Solana ~ $33.87 (-4.8%)
Polkadot ~ $6.59 (-2.8%)
Flow ~ $1.52 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Chainalysis to train UAE state employees for blockchain tech adoption
The UAE has signed a memorandum of understanding with blockchain intelligence firm Chainalysis. The agreement will see Chainalysis train employees of government institutions in the areas of blockchain technology and digital assets.
According to a report by UAE’s official news agency Emirates News Agency (WAM), the memorandum of understanding (MoU) was signed by Omar bin…
https://cryptoinsight.ae/chainalysis-to-train-uae-state-employees-for-blockchain-tech-adoption/
Website | Twitter | LinkedIn | Telegram
The UAE has signed a memorandum of understanding with blockchain intelligence firm Chainalysis. The agreement will see Chainalysis train employees of government institutions in the areas of blockchain technology and digital assets.
According to a report by UAE’s official news agency Emirates News Agency (WAM), the memorandum of understanding (MoU) was signed by Omar bin…
https://cryptoinsight.ae/chainalysis-to-train-uae-state-employees-for-blockchain-tech-adoption/
Website | Twitter | LinkedIn | Telegram
Terra-based projects migrating to Polygon
Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless.
“We will be putting capital and resources against these migrations to…
https://cryptoinsight.ae/terra-based-projects-migrating-to-polygon/
Website | Twitter | LinkedIn | Telegram
Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless.
“We will be putting capital and resources against these migrations to…
https://cryptoinsight.ae/terra-based-projects-migrating-to-polygon/
Website | Twitter | LinkedIn | Telegram
Dubai improves crypto reputation as crypto firms move to the UAE
Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…
https://cryptoinsight.ae/dubai-improves-crypto-reputation-as-crypto-firms-move-to-the-uae/
Website | Twitter | LinkedIn | Telegram
Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…
https://cryptoinsight.ae/dubai-improves-crypto-reputation-as-crypto-firms-move-to-the-uae/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $910 Billion, a -2.2% change in the last 24 hours
Bitcoin ~ $19,495.36 (-2.0%)
Ethereum ~ $1,057.19 (-2.6%)
Solana ~ $33.17 (-1.9%)
Polkadot ~ $6.40 (-2.6%)
Flow ~ $1.46 (-3.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $910 Billion, a -2.2% change in the last 24 hours
Bitcoin ~ $19,495.36 (-2.0%)
Ethereum ~ $1,057.19 (-2.6%)
Solana ~ $33.17 (-1.9%)
Polkadot ~ $6.40 (-2.6%)
Flow ~ $1.46 (-3.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Multicoin Capital launches its new $430 million venture fund
Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its latest fund, Venture Fund III, with commitments of up to $430 million. The fund will be used for investments in projects based on a “proof of physical work” model, permissionless data aggregation, and offering creator monetization.
Multicoin…
https://cryptoinsight.ae/multicoin-capital-launches-its-new-430-million-venture-fund/
Website | Twitter | LinkedIn | Telegram
Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its latest fund, Venture Fund III, with commitments of up to $430 million. The fund will be used for investments in projects based on a “proof of physical work” model, permissionless data aggregation, and offering creator monetization.
Multicoin…
https://cryptoinsight.ae/multicoin-capital-launches-its-new-430-million-venture-fund/
Website | Twitter | LinkedIn | Telegram
Animoca Brands raises $75 million more, reaching a valuation of $5.9 billion
Animoca Brands, a Hong Kong-based gaming software and venture capital company, has completed a $75.32 million raise at a pre-money valuation of $5.9 billion, the company said Tuesday. The raise is the second part of a funding round, bringing in $358.88 million.
In January, the company hit a valuation of more than $5 billion after…
https://cryptoinsight.ae/animoca-brands-raises-75-million-more-reaching-a-valuation-of-5-9-billion/
Website | Twitter | LinkedIn | Telegram
Animoca Brands, a Hong Kong-based gaming software and venture capital company, has completed a $75.32 million raise at a pre-money valuation of $5.9 billion, the company said Tuesday. The raise is the second part of a funding round, bringing in $358.88 million.
In January, the company hit a valuation of more than $5 billion after…
https://cryptoinsight.ae/animoca-brands-raises-75-million-more-reaching-a-valuation-of-5-9-billion/
Website | Twitter | LinkedIn | Telegram