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
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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/
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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/
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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
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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/
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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
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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
Circle reveals its reserves which back USDC stablecoin
Circle Internet Financial released a detailed yet unaudited breakdown of its reserve assets for the firm’s USD Coin (USDC), showing $42.1 billion in short-term US government bonds and $13.6 billion in cash. Lately, crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
Published in the company’s blog post on…
https://cryptoinsight.ae/circle-reveals-its-reserves-which-back-usdc-stablecoin/
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Circle Internet Financial released a detailed yet unaudited breakdown of its reserve assets for the firm’s USD Coin (USDC), showing $42.1 billion in short-term US government bonds and $13.6 billion in cash. Lately, crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
Published in the company’s blog post on…
https://cryptoinsight.ae/circle-reveals-its-reserves-which-back-usdc-stablecoin/
Website | Twitter | LinkedIn | Telegram
Snap reportedly plans to let users showcase NFTs as filters
Snap (ex-Snapchat) plans to allow users to showcase NFTs on its app, as social media platforms increasingly turn to digital collectibles as a means of attracting influencers and their fans despite the crypto crash.
According to sources of FT, the US-based social media platform is preparing to test a feature that would allow NFT artists…
https://cryptoinsight.ae/snap-reportedly-plans-to-let-users-showcase-nfts-as-filters/
Website | Twitter | LinkedIn | Telegram
Snap (ex-Snapchat) plans to allow users to showcase NFTs on its app, as social media platforms increasingly turn to digital collectibles as a means of attracting influencers and their fans despite the crypto crash.
According to sources of FT, the US-based social media platform is preparing to test a feature that would allow NFT artists…
https://cryptoinsight.ae/snap-reportedly-plans-to-let-users-showcase-nfts-as-filters/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.04 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $21,867.76 (2.2%)
Ethereum ~ $1,432.50 (5.4%)
Solana ~ $41.82 (3.0%)
Polkadot ~ $7.38 (2.0%)
Flow ~ $1.66 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.04 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $21,867.76 (2.2%)
Ethereum ~ $1,432.50 (5.4%)
Solana ~ $41.82 (3.0%)
Polkadot ~ $7.38 (2.0%)
Flow ~ $1.66 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
What the dot-com bust can teach us about the crypto crash
Lessons from the crypto crash: Just like in the aftermath of the dot-com bust, the crypto market now has to trim the fat, writes Axel Nussbaumer on Cointelegraph.
The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a…
https://cryptoinsight.ae/what-the-dot-com-bust-can-teach-us-about-the-crypto-crash/
Website | Twitter | LinkedIn | Telegram
Lessons from the crypto crash: Just like in the aftermath of the dot-com bust, the crypto market now has to trim the fat, writes Axel Nussbaumer on Cointelegraph.
The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a…
https://cryptoinsight.ae/what-the-dot-com-bust-can-teach-us-about-the-crypto-crash/
Website | Twitter | LinkedIn | Telegram
Crypto Trends Weekly July 9 – 15
Breaking crypto news from the last week (July 9 – 15, 2022):
July 9: 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.
July 10: Around 50 projects built on Terra, including…
https://cryptoinsight.ae/crypto-trends-weekly-july-9-15/
Website | Twitter | LinkedIn | Telegram
Breaking crypto news from the last week (July 9 – 15, 2022):
July 9: 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.
July 10: Around 50 projects built on Terra, including…
https://cryptoinsight.ae/crypto-trends-weekly-july-9-15/
Website | Twitter | LinkedIn | Telegram
KuCoin survey: 14% of Saudis invested in crypto, 17% more ready to invest
Crypto exchange KuCoin released its ‘Into The Cryptoverse’ report exploring the penetration and adoption of digital currencies in Saudi Arabia. Among others, the survey revealed that about 14% of adult Saudis become crypto investors, while another 17% are likely to invest in crypto over the next six months.
Conducted by KuCoin as of May 2022,…
https://cryptoinsight.ae/kucoin-survey-14-of-saudis-invested-in-crypto-17-more-ready-to-invest/
Website | Twitter | LinkedIn | Telegram
Crypto exchange KuCoin released its ‘Into The Cryptoverse’ report exploring the penetration and adoption of digital currencies in Saudi Arabia. Among others, the survey revealed that about 14% of adult Saudis become crypto investors, while another 17% are likely to invest in crypto over the next six months.
Conducted by KuCoin as of May 2022,…
https://cryptoinsight.ae/kucoin-survey-14-of-saudis-invested-in-crypto-17-more-ready-to-invest/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $21,972.81 (0.8%)
Ethereum ~ $1,524.39 (6.4%)
Solana ~ $43.42 (4.3%)
Polkadot ~ $7.63 (3.5%)
Flow ~ $1.70 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $21,972.81 (0.8%)
Ethereum ~ $1,524.39 (6.4%)
Solana ~ $43.42 (4.3%)
Polkadot ~ $7.63 (3.5%)
Flow ~ $1.70 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto market cap regains $1 trillion
On Monday, the total crypto market capitalization climbed above $1 trillion for the first time in five weeks. The milestone comes amid three key crypto bankruptcy proceedings getting underway and investor expectations for Ethereum’s long-awaited The Merge upgrade.
Crypto’s move to regain the $1 trillion dollar market cap follows a catastrophic Q2 2022 for the…
https://cryptoinsight.ae/crypto-market-cap-regains-1-trillion/
Website | Twitter | LinkedIn | Telegram
On Monday, the total crypto market capitalization climbed above $1 trillion for the first time in five weeks. The milestone comes amid three key crypto bankruptcy proceedings getting underway and investor expectations for Ethereum’s long-awaited The Merge upgrade.
Crypto’s move to regain the $1 trillion dollar market cap follows a catastrophic Q2 2022 for the…
https://cryptoinsight.ae/crypto-market-cap-regains-1-trillion/
Website | Twitter | LinkedIn | Telegram