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/
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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/
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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/
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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
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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
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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/
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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
Yuga Labs releases a ‘starter guide’ for the Otherside metaverse
Yuga Labs, a creator of Bored Ape Yacht Club (BAYC), released the litepaper for its Otherside, a “starter guide” to its “world-building metaverse platform,” which is in development with software company Improbable. The document supports open development, user-generated content, and interoperability in its online world.
On Saturday, NFT giant Yuga Labs set out its vision…
https://cryptoinsight.ae/yuga-labs-releases-a-starter-guide-for-the-otherside-metaverse/
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Yuga Labs, a creator of Bored Ape Yacht Club (BAYC), released the litepaper for its Otherside, a “starter guide” to its “world-building metaverse platform,” which is in development with software company Improbable. The document supports open development, user-generated content, and interoperability in its online world.
On Saturday, NFT giant Yuga Labs set out its vision…
https://cryptoinsight.ae/yuga-labs-releases-a-starter-guide-for-the-otherside-metaverse/
Website | Twitter | LinkedIn | Telegram
ParisDot.comm: Arab World Institute to host Polkadot’s conference on July 19-21
Following AmsterDot in April and Polkadot Decoded in June, another conference and workshop event focused on the Polkadot community and ecosystem has been announced in Paris. It will be held at the Arab World Institute on July 19-21.
ParisDot.comm is a two-and-a-half-day long event that is taking place in the beautiful Arab World Institute on…
https://cryptoinsight.ae/parisdot-comm-arab-world-institute-to-host-polkadots-conference-on-july-19-21/
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Following AmsterDot in April and Polkadot Decoded in June, another conference and workshop event focused on the Polkadot community and ecosystem has been announced in Paris. It will be held at the Arab World Institute on July 19-21.
ParisDot.comm is a two-and-a-half-day long event that is taking place in the beautiful Arab World Institute on…
https://cryptoinsight.ae/parisdot-comm-arab-world-institute-to-host-polkadots-conference-on-july-19-21/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 4.4% change in the last 24 hours
Bitcoin ~ $23,532.19 (7.1%)
Ethereum ~ $1,572.58 (3.0%)
Solana ~ $45.58 (4.4%)
Polkadot ~ $8.01 (4.7%)
Flow ~ $2.06 (19.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 4.4% change in the last 24 hours
Bitcoin ~ $23,532.19 (7.1%)
Ethereum ~ $1,572.58 (3.0%)
Solana ~ $45.58 (4.4%)
Polkadot ~ $8.01 (4.7%)
Flow ~ $2.06 (19.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Dubai officially launches its Metaverse Strategy
Dubai Metaverse Strategy has been officially launched, aiming to create more than 40,000 new jobs and 4,000 new companies in the sector. There are currently 1,000 companies in Dubai engaged in the crypto and metaverse sector, contributing $500 million to the national economy.
On July 18, The Crown Prince of Dubai and Chairman of the…
https://cryptoinsight.ae/dubai-officially-launches-its-metaverse-strategy/
Website | Twitter | LinkedIn | Telegram
Dubai Metaverse Strategy has been officially launched, aiming to create more than 40,000 new jobs and 4,000 new companies in the sector. There are currently 1,000 companies in Dubai engaged in the crypto and metaverse sector, contributing $500 million to the national economy.
On July 18, The Crown Prince of Dubai and Chairman of the…
https://cryptoinsight.ae/dubai-officially-launches-its-metaverse-strategy/
Website | Twitter | LinkedIn | Telegram
Christie’s establishes its venture arm focused on Web3
The world-renowned auction house Christie’s has launched its venture capital arm, which is set to focus on Web3 projects. Christie’s Ventures’ first portfolio company is the cross-chain interoperability firm LayerZero Labs.
Christie’s, the world-famous auction house, has launched a new fund called Christie’s Ventures, Monday’s press release said. The fund will focus on fintech and…
https://cryptoinsight.ae/christies-establishes-its-venture-arm-focused-on-web3/
Website | Twitter | LinkedIn | Telegram
The world-renowned auction house Christie’s has launched its venture capital arm, which is set to focus on Web3 projects. Christie’s Ventures’ first portfolio company is the cross-chain interoperability firm LayerZero Labs.
Christie’s, the world-famous auction house, has launched a new fund called Christie’s Ventures, Monday’s press release said. The fund will focus on fintech and…
https://cryptoinsight.ae/christies-establishes-its-venture-arm-focused-on-web3/
Website | Twitter | LinkedIn | Telegram
BNP Paribas is getting into crypto custody services
BNP Paribas, one of the world’s largest banking groups, is reportedly considering partnering with a digital asset custody firm Metaco. The French bank, with almost $13 trillion in assets under custody, joins a long list of institutional firms, including Fidelity and Société Générale looking to offer crypto services for their clients.
BNP Paribas, the French…
https://cryptoinsight.ae/bnp-paribas-is-getting-into-crypto-custody-services/
Website | Twitter | LinkedIn | Telegram
BNP Paribas, one of the world’s largest banking groups, is reportedly considering partnering with a digital asset custody firm Metaco. The French bank, with almost $13 trillion in assets under custody, joins a long list of institutional firms, including Fidelity and Société Générale looking to offer crypto services for their clients.
BNP Paribas, the French…
https://cryptoinsight.ae/bnp-paribas-is-getting-into-crypto-custody-services/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -3.7% change in the last 24 hours
Bitcoin ~ $22,944.24 (-2.5%)
Ethereum ~ $1,491.64 (-5.2%)
Solana ~ $41.00 (-10.3%)
Polkadot ~ $7.32 (-8.7%)
Flow ~ $1.80 (-13.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -3.7% change in the last 24 hours
Bitcoin ~ $22,944.24 (-2.5%)
Ethereum ~ $1,491.64 (-5.2%)
Solana ~ $41.00 (-10.3%)
Polkadot ~ $7.32 (-8.7%)
Flow ~ $1.80 (-13.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
OpenSea unveils Solana NFT launchpad
OpenSea, the most popular NFT marketplace, announced rolling out the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. The launch is part of OpenSea’s plans for a “multi-chain future” to enable access to NFTs across different blockchains.
According to its blog post, OpenSea will guide…
https://cryptoinsight.ae/opensea-unveils-solana-nft-launchpad/
Website | Twitter | LinkedIn | Telegram
OpenSea, the most popular NFT marketplace, announced rolling out the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. The launch is part of OpenSea’s plans for a “multi-chain future” to enable access to NFTs across different blockchains.
According to its blog post, OpenSea will guide…
https://cryptoinsight.ae/opensea-unveils-solana-nft-launchpad/
Website | Twitter | LinkedIn | Telegram
FTX is reportedly raising more funds after buying crypto firms
Crypto exchange FTX, co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold.
FTX and FTX US are both raising fresh capital, people familiar with the matter who aren’t authorized to discuss ongoing discussions told Bloomberg on…
https://cryptoinsight.ae/ftx-is-reportedly-raising-more-funds-after-buying-crypto-firms/
Website | Twitter | LinkedIn | Telegram
Crypto exchange FTX, co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold.
FTX and FTX US are both raising fresh capital, people familiar with the matter who aren’t authorized to discuss ongoing discussions told Bloomberg on…
https://cryptoinsight.ae/ftx-is-reportedly-raising-more-funds-after-buying-crypto-firms/
Website | Twitter | LinkedIn | Telegram
Coinbase is losing market leadership to Uniswap and Binance
Coinbase is on the verge of losing its dominance in the crypto market. Uniswap, one of the biggest decentralized exchanges, is almost surpassing Coinbase’s trading volume, as the recent data shows. Meanwhile, Binance has overtaken Coinbase in Bitcoin balances.
According to a report by Kaiko, the market share of trading volumes for Uniswap against Coinbase…
https://cryptoinsight.ae/coinbase-is-losing-market-leadership-to-uniswap-and-binance/
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Coinbase is on the verge of losing its dominance in the crypto market. Uniswap, one of the biggest decentralized exchanges, is almost surpassing Coinbase’s trading volume, as the recent data shows. Meanwhile, Binance has overtaken Coinbase in Bitcoin balances.
According to a report by Kaiko, the market share of trading volumes for Uniswap against Coinbase…
https://cryptoinsight.ae/coinbase-is-losing-market-leadership-to-uniswap-and-binance/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $23,134.22 (0.8%)
Ethereum ~ $1,589.05 (6.5%)
Solana ~ $42.99 (4.9%)
Polkadot ~ $7.56 (3.2%)
Flow ~ $1.95 (8.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $23,134.22 (0.8%)
Ethereum ~ $1,589.05 (6.5%)
Solana ~ $42.99 (4.9%)
Polkadot ~ $7.56 (3.2%)
Flow ~ $1.95 (8.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $22,902.31 (-0.9%)
Ethereum ~ $1,580.97 (-0.4%)
Solana ~ $41.49 (-3.5%)
Polkadot ~ $7.43 (-1.7%)
Flow ~ $1.89 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $22,902.31 (-0.9%)
Ethereum ~ $1,580.97 (-0.4%)
Solana ~ $41.49 (-3.5%)
Polkadot ~ $7.43 (-1.7%)
Flow ~ $1.89 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
SushiSwap launches crosschain DEX across seven major chains
On July 21, SushiSwap launched its crosschain DEX (decentralized exchange) XSwap. The protocol called the new feature the “first-ever” automated market maker (AMM) exchange enabling cross-chain swaps.
SushiSwap (SUSHI) is trying to reverse its declining market share by enabling cross-chain swaps across seven major blockchains. According to an official blog post, XSwap allows traders to…
https://cryptoinsight.ae/sushiswap-launches-crosschain-dex-across-seven-major-chains/
Website | Twitter | LinkedIn | Telegram
On July 21, SushiSwap launched its crosschain DEX (decentralized exchange) XSwap. The protocol called the new feature the “first-ever” automated market maker (AMM) exchange enabling cross-chain swaps.
SushiSwap (SUSHI) is trying to reverse its declining market share by enabling cross-chain swaps across seven major blockchains. According to an official blog post, XSwap allows traders to…
https://cryptoinsight.ae/sushiswap-launches-crosschain-dex-across-seven-major-chains/
Website | Twitter | LinkedIn | Telegram
KuCoin secures $10 million strategic investment from SIG
Crypto exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG) of around $10 million, with plans to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.
According to a press release by KuCoin, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for…
https://cryptoinsight.ae/kucoin-secures-10-million-strategic-investment-from-sig/
Website | Twitter | LinkedIn | Telegram
Crypto exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG) of around $10 million, with plans to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.
According to a press release by KuCoin, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for…
https://cryptoinsight.ae/kucoin-secures-10-million-strategic-investment-from-sig/
Website | Twitter | LinkedIn | Telegram
Solana-based NFT protocol Cardinal raises $4.4 million funds in seed round
Solana-based protocol Cardinal has raised $4.4 million in seed funding. The project aims to improve the utility of NFTs via additional use cases like rentals.
Cardinal, an infrastructure protocol based on the Solana blockchain, has raised $4.4 million in a seed funding round, aiming to use funds to improve the utility of non-fungible tokens (NFTs).…
https://cryptoinsight.ae/solana-based-nft-protocol-cardinal-raises-4-4-million-funds-in-seed-round/
Website | Twitter | LinkedIn | Telegram
Solana-based protocol Cardinal has raised $4.4 million in seed funding. The project aims to improve the utility of NFTs via additional use cases like rentals.
Cardinal, an infrastructure protocol based on the Solana blockchain, has raised $4.4 million in a seed funding round, aiming to use funds to improve the utility of non-fungible tokens (NFTs).…
https://cryptoinsight.ae/solana-based-nft-protocol-cardinal-raises-4-4-million-funds-in-seed-round/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $22,746.96 (-0.7%)
Ethereum ~ $1,601.85 (1.3%)
Solana ~ $41.01 (-1.4%)
Polkadot ~ $7.48 (0.7%)
Flow ~ $1.92 (1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $22,746.96 (-0.7%)
Ethereum ~ $1,601.85 (1.3%)
Solana ~ $41.01 (-1.4%)
Polkadot ~ $7.48 (0.7%)
Flow ~ $1.92 (1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram