Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $23,781.76 (-0.9%)
Ethereum ~ $1,705.34 (-1.6%)
Solana ~ $41.86 (-4.7%)
Polkadot ~ $8.30 (1.5%)
Flow ~ $1.92 (-1.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $23,781.76 (-0.9%)
Ethereum ~ $1,705.34 (-1.6%)
Solana ~ $41.86 (-4.7%)
Polkadot ~ $8.30 (1.5%)
Flow ~ $1.92 (-1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
FTX obtains full approval to operate in Dubai with a crypto license from VARA
FTX, a Bahamas-based crypto exchange, has received approval to operate as an exchange and clearinghouse in Dubai. The company will build a headquarters in Dubai through a subsidiary. Also, FTX subsidiary operating in Europe and the Middle East will facilitate product offerings in the region.
According to a report by Reuters, FTX will begin offering…
https://cryptoinsight.ae/ftx-obtains-full-approval-to-operate-in-dubai-with-a-crypto-license-from-vara/
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FTX, a Bahamas-based crypto exchange, has received approval to operate as an exchange and clearinghouse in Dubai. The company will build a headquarters in Dubai through a subsidiary. Also, FTX subsidiary operating in Europe and the Middle East will facilitate product offerings in the region.
According to a report by Reuters, FTX will begin offering…
https://cryptoinsight.ae/ftx-obtains-full-approval-to-operate-in-dubai-with-a-crypto-license-from-vara/
Website | Twitter | LinkedIn | Telegram
Ethereum sees a massive spike in address activity, surpassing the all-time high
The number of active addresses on the Ethereum network has suddenly jumped to a new all-time high of about 1.1 million ETH daily active addresses making a total of 1.64 million transactions. Coinbase’s Conor Grogan suggested that the increase in activity comes from a high number of token transfers per unit of gas rather than…
https://cryptoinsight.ae/ethereum-sees-a-massive-spike-in-address-activity-surpassing-the-all-time-high/
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The number of active addresses on the Ethereum network has suddenly jumped to a new all-time high of about 1.1 million ETH daily active addresses making a total of 1.64 million transactions. Coinbase’s Conor Grogan suggested that the increase in activity comes from a high number of token transfers per unit of gas rather than…
https://cryptoinsight.ae/ethereum-sees-a-massive-spike-in-address-activity-surpassing-the-all-time-high/
Website | Twitter | LinkedIn | Telegram
Variant launches two new venture funds with $450 million to invest in Web3
Crypto venture investment firm Variant has raised $450 million across two new funds targeting the Web3 and decentralized finance market, which include $300 million for a so-called opportunity fund and $150 million to invest in nascent startups.
According to Thursday’s announcement, the company raised $300 million for a so-called opportunity fund as well as a…
https://cryptoinsight.ae/variant-launches-two-new-venture-funds-with-450-million-to-invest-in-web3/
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Crypto venture investment firm Variant has raised $450 million across two new funds targeting the Web3 and decentralized finance market, which include $300 million for a so-called opportunity fund and $150 million to invest in nascent startups.
According to Thursday’s announcement, the company raised $300 million for a so-called opportunity fund as well as a…
https://cryptoinsight.ae/variant-launches-two-new-venture-funds-with-450-million-to-invest-in-web3/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $23,746.30 (-0.2%)
Ethereum ~ $1,693.90 (-0.8%)
Solana ~ $43.90 (4.7%)
Polkadot ~ $8.25 (-0.7%)
Flow ~ $1.97 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $23,746.30 (-0.2%)
Ethereum ~ $1,693.90 (-0.8%)
Solana ~ $43.90 (4.7%)
Polkadot ~ $8.25 (-0.7%)
Flow ~ $1.97 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Chaintech joins DBCC in Dubai to foster blockchain technology in the Gulf countries
The Dubai Blockchain Centre and Chaintech joined efforts to foster long-term blockchain technology research and development for enterprises and governments in the Gulf region, using private blockchains, smart contracts, and tokens.
The Dubai Blockchain Centre (DBCC), a training and consulting Blockchain firm in UAE, and Chaintech Labs Ltd (CTL), a blockchain research and development house…
https://cryptoinsight.ae/chaintech-joins-dbcc-in-dubai-to-foster-blockchain-technology-in-the-gulf-countries/
Website | Twitter | LinkedIn | Telegram
The Dubai Blockchain Centre and Chaintech joined efforts to foster long-term blockchain technology research and development for enterprises and governments in the Gulf region, using private blockchains, smart contracts, and tokens.
The Dubai Blockchain Centre (DBCC), a training and consulting Blockchain firm in UAE, and Chaintech Labs Ltd (CTL), a blockchain research and development house…
https://cryptoinsight.ae/chaintech-joins-dbcc-in-dubai-to-foster-blockchain-technology-in-the-gulf-countries/
Website | Twitter | LinkedIn | Telegram
UAE’s financial wealth is set to grow to $1 trillion by 2026, benefiting from crypto
According to a new report by Boston Consulting Group (BCG), the UAE’s financial wealth will grow from $700 billion currently to $1 trillion during the 2021-2026 period. BCG’s chief believes that UAE is very well positioned to benefit from crypto opportunities, thanks to the crypto-friendly regulatory environment and an emerging regulatory setup.
Mustafa Bosca, BCG’s…
https://cryptoinsight.ae/uaes-financial-wealth-is-set-to-grow-to-1-trillion-by-2026-benefiting-from-crypto/
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According to a new report by Boston Consulting Group (BCG), the UAE’s financial wealth will grow from $700 billion currently to $1 trillion during the 2021-2026 period. BCG’s chief believes that UAE is very well positioned to benefit from crypto opportunities, thanks to the crypto-friendly regulatory environment and an emerging regulatory setup.
Mustafa Bosca, BCG’s…
https://cryptoinsight.ae/uaes-financial-wealth-is-set-to-grow-to-1-trillion-by-2026-benefiting-from-crypto/
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IMF director expects more crypto drop amid a recession
The International Monetary Fund (IMF) director Tobias Adrian has warned of further selloffs in crypto assets and equities. He also expects crypto to drop even more amid a recession.
Tobias Adrian, director of Monetary and Capital Markets for the IMF, warned about further selling pressure in the crypto market and more crypto token failures in…
https://cryptoinsight.ae/imf-director-expects-more-crypto-drop-amid-a-recession/
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The International Monetary Fund (IMF) director Tobias Adrian has warned of further selloffs in crypto assets and equities. He also expects crypto to drop even more amid a recession.
Tobias Adrian, director of Monetary and Capital Markets for the IMF, warned about further selling pressure in the crypto market and more crypto token failures in…
https://cryptoinsight.ae/imf-director-expects-more-crypto-drop-amid-a-recession/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $23,337.15 (-1.7%)
Ethereum ~ $1,689.76 (-0.3%)
Solana ~ $42.72 (-2.7%)
Polkadot ~ $8.74 (6.0%)
Flow ~ $1.99 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $23,337.15 (-1.7%)
Ethereum ~ $1,689.76 (-0.3%)
Solana ~ $42.72 (-2.7%)
Polkadot ~ $8.74 (6.0%)
Flow ~ $1.99 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Finder’s experts predict Dogecoin losing all its value
A panel of crypto industry experts expects Dogecoin (DOGE) to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” experts said, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency.
On July 27, price comparison portal Finder updated its Dogecoin (DOGE) price predictions. The…
https://cryptoinsight.ae/finders-experts-predict-dogecoin-losing-all-its-value/
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A panel of crypto industry experts expects Dogecoin (DOGE) to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” experts said, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency.
On July 27, price comparison portal Finder updated its Dogecoin (DOGE) price predictions. The…
https://cryptoinsight.ae/finders-experts-predict-dogecoin-losing-all-its-value/
Website | Twitter | LinkedIn | Telegram
Crypto Trends Weekly July 23 – 29
Breaking crypto news from the last week (July 23 – 29, 2022):
July 23: Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems.
July 25: Digital asset exchange Bitfinex and Tether, the project behind the troubled USDT stablecoin,…
https://cryptoinsight.ae/crypto-trends-weekly-july-23-29/
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Breaking crypto news from the last week (July 23 – 29, 2022):
July 23: Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems.
July 25: Digital asset exchange Bitfinex and Tether, the project behind the troubled USDT stablecoin,…
https://cryptoinsight.ae/crypto-trends-weekly-july-23-29/
Website | Twitter | LinkedIn | Telegram
What are Dynamic NFTs? The ‘living’ tokens that change over time
Dynamic NFTs, also known as Living NFTs, use smart contracts to change based on external data sources. Here’s how they work – writes Robert Stevens on Decrypt.
Non-fungible tokens, or NFTs, are unique digital assets that exist as a permanent record on blockchain. But if you thought that meant they were static and unchanging, think…
https://cryptoinsight.ae/what-are-dynamic-nfts-the-living-tokens-that-change-over-time/
Website | Twitter | LinkedIn | Telegram
Dynamic NFTs, also known as Living NFTs, use smart contracts to change based on external data sources. Here’s how they work – writes Robert Stevens on Decrypt.
Non-fungible tokens, or NFTs, are unique digital assets that exist as a permanent record on blockchain. But if you thought that meant they were static and unchanging, think…
https://cryptoinsight.ae/what-are-dynamic-nfts-the-living-tokens-that-change-over-time/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $22,904.14 (-1.9%)
Ethereum ~ $1,585.12 (-6.2%)
Solana ~ $40.44 (-5.4%)
Polkadot ~ $7.81 (-10.9%)
Flow ~ $1.86 (-7.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $22,904.14 (-1.9%)
Ethereum ~ $1,585.12 (-6.2%)
Solana ~ $40.44 (-5.4%)
Polkadot ~ $7.81 (-10.9%)
Flow ~ $1.86 (-7.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin says corporate metaverses will “misfire” while venture capitals piles in
Vitalik Buterin, a co-founder of the world’s largest smart contract platform Ethereum, has criticized “existing corporate attempts to intentionally create the metaverse,” in a series of Sunday tweets primarily aimed at Mark Zuckerberg’s Meta Platforms.
Facebook’s pivot towards the technology under the Meta Platforms rebranding is destined to “misfire” said Buterin, due to a lack…
https://cryptoinsight.ae/vitalik-buterin-says-corporate-metaverses-will-misfire-while-venture-capitals-piles-in/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin, a co-founder of the world’s largest smart contract platform Ethereum, has criticized “existing corporate attempts to intentionally create the metaverse,” in a series of Sunday tweets primarily aimed at Mark Zuckerberg’s Meta Platforms.
Facebook’s pivot towards the technology under the Meta Platforms rebranding is destined to “misfire” said Buterin, due to a lack…
https://cryptoinsight.ae/vitalik-buterin-says-corporate-metaverses-will-misfire-while-venture-capitals-piles-in/
Website | Twitter | LinkedIn | Telegram
NFT marketplace OasisX is preparing to launch in the UAE
OasisX, a multichain curated NFT marketplace and creator studio, has set up its base in Dubai Multi Commodities Centre (DMCC) in the UAE and will be launched in the next few weeks. OasisX has already onboarded about 100 artists and multiple local brands in the MENA region.
“We are building the tech foundation and frontier…
https://cryptoinsight.ae/nft-marketplace-oasisx-is-preparing-to-launch-in-the-uae/
Website | Twitter | LinkedIn | Telegram
OasisX, a multichain curated NFT marketplace and creator studio, has set up its base in Dubai Multi Commodities Centre (DMCC) in the UAE and will be launched in the next few weeks. OasisX has already onboarded about 100 artists and multiple local brands in the MENA region.
“We are building the tech foundation and frontier…
https://cryptoinsight.ae/nft-marketplace-oasisx-is-preparing-to-launch-in-the-uae/
Website | Twitter | LinkedIn | Telegram
DappRadar: Metaverse and blockchain gaming least affected by bear market
Blockchain gaming and metaverse projects seem to have been making over the bear market much better than the other market niches. Despite the crypto market crash, the GameFi sector has spiked by 9.51% in the second quarter of 2022.
According to a new report from DappRadar, blockchain games have sidestepped the ensuing bear market and…
https://cryptoinsight.ae/dappradar-metaverse-and-blockchain-gaming-least-affected-by-bear-market/
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Blockchain gaming and metaverse projects seem to have been making over the bear market much better than the other market niches. Despite the crypto market crash, the GameFi sector has spiked by 9.51% in the second quarter of 2022.
According to a new report from DappRadar, blockchain games have sidestepped the ensuing bear market and…
https://cryptoinsight.ae/dappradar-metaverse-and-blockchain-gaming-least-affected-by-bear-market/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $23,039.16 (0.5%)
Ethereum ~ $1,639.60 (3.2%)
Solana ~ $39.24 (-3.2%)
Polkadot ~ $8.03 (2.5%)
Flow ~ $1.91 (2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $23,039.16 (0.5%)
Ethereum ~ $1,639.60 (3.2%)
Solana ~ $39.24 (-3.2%)
Polkadot ~ $8.03 (2.5%)
Flow ~ $1.91 (2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Gulf News: NFT and Metaverse revolution is just getting started
Investors should ignore the hype and focus on the finer details of the possibilities, suggests Chainalysis’ Bas Lemmens on Gulf News.
With the crypto and blockchain markets having matured significantly, attention is being placed on the rapidly evolving non-fungible token (NFT) and Metaverse. NFTs are becoming a major part of Web3, and the Metaverse is…
https://cryptoinsight.ae/gulf-news-nft-and-metaverse-revolution-is-just-getting-started/
Website | Twitter | LinkedIn | Telegram
Investors should ignore the hype and focus on the finer details of the possibilities, suggests Chainalysis’ Bas Lemmens on Gulf News.
With the crypto and blockchain markets having matured significantly, attention is being placed on the rapidly evolving non-fungible token (NFT) and Metaverse. NFTs are becoming a major part of Web3, and the Metaverse is…
https://cryptoinsight.ae/gulf-news-nft-and-metaverse-revolution-is-just-getting-started/
Website | Twitter | LinkedIn | Telegram
Gucci accepts ApeCoin, as Tiffany rolls out NFT CryptoPunk pendants
High fashion brand Gucci said it will accept ApeCoin (APE) as payment at select US stores. The firm already accepts other top crypto coins and collaborates on NFT and metaverse game projects. Meanwhile, Tiffany & Co. announced the rollout of a handcrafted pendants collection modeled on CryptoPunks, another iconic NFT collection owned by Yuga Labs.…
https://cryptoinsight.ae/gucci-accepts-apecoin-as-tiffany-rolls-out-nft-cryptopunk-pendants/
Website | Twitter | LinkedIn | Telegram
High fashion brand Gucci said it will accept ApeCoin (APE) as payment at select US stores. The firm already accepts other top crypto coins and collaborates on NFT and metaverse game projects. Meanwhile, Tiffany & Co. announced the rollout of a handcrafted pendants collection modeled on CryptoPunks, another iconic NFT collection owned by Yuga Labs.…
https://cryptoinsight.ae/gucci-accepts-apecoin-as-tiffany-rolls-out-nft-cryptopunk-pendants/
Website | Twitter | LinkedIn | Telegram
Thousands of Solana wallets are targeted by the multi-million dollar hack
The Solana ecosystem suffered the multimillion-dollar hack, with users reporting that their funds have been drained silently from major internet-connected “hot” wallets, including Phantom, Slope, and TrustWallet. So far, at least 8,000 wallets have been affected, with about $8 million lost, but the source of the attack remains unknown.
On August 3 night, an unknown…
https://cryptoinsight.ae/thousands-of-solana-wallets-are-targeted-by-the-multi-million-dollar-hack/
Website | Twitter | LinkedIn | Telegram
The Solana ecosystem suffered the multimillion-dollar hack, with users reporting that their funds have been drained silently from major internet-connected “hot” wallets, including Phantom, Slope, and TrustWallet. So far, at least 8,000 wallets have been affected, with about $8 million lost, but the source of the attack remains unknown.
On August 3 night, an unknown…
https://cryptoinsight.ae/thousands-of-solana-wallets-are-targeted-by-the-multi-million-dollar-hack/
Website | Twitter | LinkedIn | Telegram