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/
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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
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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
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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/
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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/
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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/
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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/
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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/
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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/
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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
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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/
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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/
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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/
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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/
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Dubai’s Alawad Fund announces investment in MetaBitcoin (MBTC)
Alawad Fund selected MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the metaverse ecosystem, as its first investment destination. Jointly with prominent partners, Alawad Fund plans to invest in promising blockchain projects, virtual-asset startups, cryptocurrency exchanges, and bitcoin mining.
On March 26, Alawad Fund was launched in Dubai, the city attracting global attention as…
https://cryptoinsight.ae/dubais-alawad-fund-announces-investment-in-metabitcoin-mbtc/
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Alawad Fund selected MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the metaverse ecosystem, as its first investment destination. Jointly with prominent partners, Alawad Fund plans to invest in promising blockchain projects, virtual-asset startups, cryptocurrency exchanges, and bitcoin mining.
On March 26, Alawad Fund was launched in Dubai, the city attracting global attention as…
https://cryptoinsight.ae/dubais-alawad-fund-announces-investment-in-metabitcoin-mbtc/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $934 Billion, a 2.4% change in the last 24 hours
Bitcoin ~ $20,103.80 (3.0%)
Ethereum ~ $1,103.41 (4.3%)
Solana ~ $34.44 (3.7%)
Polkadot ~ $6.49 (1.7%)
Flow ~ $1.48 (1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $934 Billion, a 2.4% change in the last 24 hours
Bitcoin ~ $20,103.80 (3.0%)
Ethereum ~ $1,103.41 (4.3%)
Solana ~ $34.44 (3.7%)
Polkadot ~ $6.49 (1.7%)
Flow ~ $1.48 (1.4%)
Follow and subscribe - @GulfCryptoInsight
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Majority of crypto investors expect prices to plunge than rebound, survey says
Bitcoin is more likely to plummet to $10,000 than soar again above $30,000 following the recent downturn in the market, said the results of a survey published on July 11.
According to the latest MLIV Pulse survey, Bitcoin is more likely to tumble to $10,000 than it is to rally back to $30,000, said 60%…
https://cryptoinsight.ae/majority-of-crypto-investors-expect-prices-to-plunge-than-rebound-survey-says/
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Bitcoin is more likely to plummet to $10,000 than soar again above $30,000 following the recent downturn in the market, said the results of a survey published on July 11.
According to the latest MLIV Pulse survey, Bitcoin is more likely to tumble to $10,000 than it is to rally back to $30,000, said 60%…
https://cryptoinsight.ae/majority-of-crypto-investors-expect-prices-to-plunge-than-rebound-survey-says/
Website | Twitter | LinkedIn | Telegram
Dubai’s new project Aarma Coin to launch its crypto wallet and NFT marketplace
Aarma Coin, a crypto project recently launched in Dubai, has announced the launch of its own NFT marketplace, an E-commerce platform with a utility portal. In July 2022, the team plans to launch its Aarma Wallet, with an extensive roadmap ahead.
Aarma Coin, a promising cryptocurrency project, was registered in Dubai, UAE, in 2022. With…
https://cryptoinsight.ae/dubais-new-project-aarma-coin-to-launch-its-crypto-wallet-and-nft-marketplace/
Website | Twitter | LinkedIn | Telegram
Aarma Coin, a crypto project recently launched in Dubai, has announced the launch of its own NFT marketplace, an E-commerce platform with a utility portal. In July 2022, the team plans to launch its Aarma Wallet, with an extensive roadmap ahead.
Aarma Coin, a promising cryptocurrency project, was registered in Dubai, UAE, in 2022. With…
https://cryptoinsight.ae/dubais-new-project-aarma-coin-to-launch-its-crypto-wallet-and-nft-marketplace/
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The era of easy DeFi yields is over but still attractive
Alpha in DeFi is about to get a lot scarcer, although still super attractive. Luckily, risk management will eventually get much simpler, suggests Jesus Rodriguez, the CEO of IntoTheBlock, in an article on CoinDesk.
Decentralized finance (DeFi) has been one of the areas of crypto most affected during the recent market downturn. From the collapse…
https://cryptoinsight.ae/the-era-of-easy-defi-yields-is-over-but-still-attractive/
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Alpha in DeFi is about to get a lot scarcer, although still super attractive. Luckily, risk management will eventually get much simpler, suggests Jesus Rodriguez, the CEO of IntoTheBlock, in an article on CoinDesk.
Decentralized finance (DeFi) has been one of the areas of crypto most affected during the recent market downturn. From the collapse…
https://cryptoinsight.ae/the-era-of-easy-defi-yields-is-over-but-still-attractive/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $964 Billion, a -0.2% change in the last 24 hours
Bitcoin ~ $20,582.77 (-0.3%)
Ethereum ~ $1,205.81 (0.3%)
Solana ~ $36.69 (-0.9%)
Polkadot ~ $6.66 (-0.9%)
Flow ~ $1.52 (-2.1%)
Follow and subscribe - @GulfCryptoInsight
Day started from:
The global cryptocurrency market cap today is $964 Billion, a -0.2% change in the last 24 hours
Bitcoin ~ $20,582.77 (-0.3%)
Ethereum ~ $1,205.81 (0.3%)
Solana ~ $36.69 (-0.9%)
Polkadot ~ $6.66 (-0.9%)
Flow ~ $1.52 (-2.1%)
Follow and subscribe - @GulfCryptoInsight
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Celsius DeFi lender files for bankruptcy with $1.2 billion hole in its balance sheet
Celsius Network, a crypto lending services provider, announced on July 13 that it has filed for Chapter 11 bankruptcy. The bankruptcy filing says the platform made “certain poor asset deployment decisions” when the platform grew faster than it anticipated. It also confirms its liabilities outweigh its assets by $1.2 billion.
After a series of descending…
https://cryptoinsight.ae/celsius-defi-lender-files-for-bankruptcy-with-1-2-billion-hole-in-its-balance-sheet/
Website | Twitter | LinkedIn | Telegram
Celsius Network, a crypto lending services provider, announced on July 13 that it has filed for Chapter 11 bankruptcy. The bankruptcy filing says the platform made “certain poor asset deployment decisions” when the platform grew faster than it anticipated. It also confirms its liabilities outweigh its assets by $1.2 billion.
After a series of descending…
https://cryptoinsight.ae/celsius-defi-lender-files-for-bankruptcy-with-1-2-billion-hole-in-its-balance-sheet/
Website | Twitter | LinkedIn | Telegram
Crypto exchange OKX receives a virtual asset license in Dubai
Cryptocurrency platform OKX has received a provisional virtual-asset license from the Dubai authority. The exchange plans to set up a regional hub in the city, Bloomberg said on Thursday.
Crypto exchange OKX said on July 14 that it had been given a provisional virtual assets license by the Dubai Virtual Assets Regulatory Authority (VARA), which…
https://cryptoinsight.ae/crypto-exchange-okx-receives-a-virtual-asset-license-in-dubai/
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Cryptocurrency platform OKX has received a provisional virtual-asset license from the Dubai authority. The exchange plans to set up a regional hub in the city, Bloomberg said on Thursday.
Crypto exchange OKX said on July 14 that it had been given a provisional virtual assets license by the Dubai Virtual Assets Regulatory Authority (VARA), which…
https://cryptoinsight.ae/crypto-exchange-okx-receives-a-virtual-asset-license-in-dubai/
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Bitcoin mining costs drop to $13,000 might reverse its falling profitability
The cost of mining one Bitcoin (BTC) has fallen to 10-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. It could help to reverse the falling profitability trend while lowering power demands on the network.
JPMorgan strategists led by Nikolaos Panigirtzoglou, in a note to clients seen…
https://cryptoinsight.ae/bitcoin-mining-costs-drop-to-13000-might-reverse-its-falling-profitability/
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The cost of mining one Bitcoin (BTC) has fallen to 10-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. It could help to reverse the falling profitability trend while lowering power demands on the network.
JPMorgan strategists led by Nikolaos Panigirtzoglou, in a note to clients seen…
https://cryptoinsight.ae/bitcoin-mining-costs-drop-to-13000-might-reverse-its-falling-profitability/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.02 Trillion, a 4.6% change in the last 24 hours
Bitcoin ~ $21,396.63 (4.0%)
Ethereum ~ $1,356.81 (12.8%)
Solana ~ $40.15 (9.5%)
Polkadot ~ $7.20 (8.2%)
Flow ~ $1.60 (5.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.02 Trillion, a 4.6% change in the last 24 hours
Bitcoin ~ $21,396.63 (4.0%)
Ethereum ~ $1,356.81 (12.8%)
Solana ~ $40.15 (9.5%)
Polkadot ~ $7.20 (8.2%)
Flow ~ $1.60 (5.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Fidelity hires more crypto stuff amid growing institutional interest
Fidelity Digital, the crypto subsidiary of the global asset management giant Fidelity Investments Inc., will reportedly hire 100 more people to service the growing needs of institutional investors.
As Bloomberg reported, Fidelity Digital is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors.
Numbering at least…
https://cryptoinsight.ae/fidelity-hires-more-crypto-stuff-amid-growing-institutional-interest/
Website | Twitter | LinkedIn | Telegram
Fidelity Digital, the crypto subsidiary of the global asset management giant Fidelity Investments Inc., will reportedly hire 100 more people to service the growing needs of institutional investors.
As Bloomberg reported, Fidelity Digital is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors.
Numbering at least…
https://cryptoinsight.ae/fidelity-hires-more-crypto-stuff-amid-growing-institutional-interest/
Website | Twitter | LinkedIn | Telegram