Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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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%)

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UAE businessman sets to launch an Islamic crypto ecosystem Sustain.Exchange

Sulaiman Abdul-Karim Mohammed Al-Fahim, a well-known Emirati TV personality and a successful real estate businessman in the UAE, is set to launch Sustain.Exchange – a Shariah-compliant Islamic crypto ecosystem.

As UAE ranks among nations that rapidly adopt digital technologies and invest their time and money, it has become possible due to some visionary people like…

https://cryptoinsight.ae/uae-businessman-sets-to-launch-an-islamic-crypto-ecosystem-sustain-exchange/

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Users spent $2.7 billion ETH on NFT minting in H1 2022

Market participants spent 963,227 ETH, or about 2.7 billion, on NFT minting on the Ethereum blockchain during the first half of 2022. Over 1 million unique wallet addresses were involved in the minting process, signaling that NFT market activity remained strong.

According to a new report by Nansen, about half (50.7%) of the ETH raised…

https://cryptoinsight.ae/users-spent-2-7-billion-eth-on-nft-minting-in-h1-2022/

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Nomad hacked for $190 million, amid cross-chain bridges lost $2 billion in 2022

US crypto firm Nomad has suffered a $190 million hack, blockchain analytics reported on August 3. Experts estimate the funds have been stolen from cross-chain bridges to $2 billion so far in 2022.

Nomad said on an official Twitter account that it was “aware of the incident” and was currently investigating without giving further details.…

https://cryptoinsight.ae/nomad-hacked-for-190-million-amid-cross-chain-bridges-lost-2-billion-in-2022/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.14 Trillion, a 1.0% change in the last 24 hours

Bitcoin ~ $23,293.04 (0.7%)
Ethereum ~ $1,667.670 (1.3%)
Solana ~ $40.40 (2.9%)
Polkadot ~ $8.45 (3.3%)
Flow ~ $2.63 (37.9%)

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.14 Trillion, a 1.3% change in the last 24 hours

Bitcoin ~ $23,178.19 (0.0%)
Ethereum ~ $1,722.79 (3.9%)
Solana ~ $40.39 (0.9%)
Polkadot ~ $8.74 (3.9%)
Flow ~ $2.75 (1.9%)

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Instagram rolls out NFT support to 100 countries, while FLOW token soars at 44%

Social media giant Meta has started to roll out NFT support on Instagram across 100 countries after integrating with Coinbase Wallet and Dapper, as well as it will also add support for NFT-focused blockchain Flow. The price of the FLOW token has surged nearly 44% over the day following Meta’s announcement.

Mark Zuckerberg, the CEO…

https://cryptoinsight.ae/instagram-rolls-out-nft-support-to-100-countries-while-flow-token-soars-at-44/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.13 Trillion, a -1.2% change in the last 24 hours

Bitcoin ~ $22,998.51 (-0.9%)
Ethereum ~ $1,683.92 (-2.3%)
Solana ~ $39.96 (-1.2%)
Polkadot ~ $8.46 (-3.2%)
Flow ~ $2.67 (-2.9%)

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CME Group to release Euro-denominated Bitcoin and Ether futures

Leading derivatives marketplace CME Group is set to offer its first euro-denominated Bitcoin and Ether futures on August 29 after its crypto derivatives posted record open interest volumes in Q2 2022. CME Group executive revealed that Europe, the Middle East and Africa region accounts for 28% of total BTC and ETH futures contracts traded.

As…

https://cryptoinsight.ae/cme-group-to-release-euro-denominated-bitcoin-and-ether-futures/

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Nigeria and the UAE are the world’s most crypto-curious countries – CoinGecko study

Nigeria and the UAE remain the most cryptocurrency-obsessed markets, CoinGecko’s new study said based on Google Trends search data. Analysts suggest that top-list countries seem more interested in buying the dip, reflecting their long-term outlook for cryptocurrencies.

CoinGecko, the leading cryptocurrency tracker, has compiled a ranking of countries by interest concerning digital currencies via Google…

https://cryptoinsight.ae/nigeria-and-the-uae-are-the-worlds-most-crypto-curious-countries-coingecko-study/

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Binance-backed exchange WazirX is cracked down on by Indian authorities

India’s Enforcement Directorate has frozen WazirX’s bank balances with around $8 million worth. WazirX faced scrutiny for its alleged money laundering. Meanwhile, Binance’s CEO said the company never completed the acquisition of WazirX, which it had announced in November 2019.

India’s Enforcement Directorate (ED), a law enforcement agency that investigates financial crimes, has frozen bank…

https://cryptoinsight.ae/binance-backed-exchange-wazirx-is-cracked-down-on-by-indian-authorities/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.16 Trillion, a 2.2% change in the last 24 hours

Bitcoin ~ $23,459.49 (2.0%)
Ethereum ~ $1,724.38 (2.5%)
Solana ~ $42.45 (6.3%)
Polkadot ~ $8.86 (4.9%)
Flow ~ $3.03 (12.8%)

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Fintech unicorn Revolut to increase the workforce by 20% in its crypto team

British-based fintech company Revolut plans to expand its staff by 20% across different regions, including the UK, US, and Europe. The company plans to add these new employees to its crypto team over the next six months.

Revolut is hiring employees across various positions, including crypto legal experts, software engineers, crime prevention experts, and financial…

https://cryptoinsight.ae/fintech-unicorn-revolut-to-increase-the-workforce-by-20-in-its-crypto-team/

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Crypto Trends Weekly July 30 – Aug. 5

Breaking crypto news from the last week (July 30 – Aug. 5, 2022):

July 30: Finder.com, 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…

https://cryptoinsight.ae/crypto-trends-weekly-july-30-aug-5/

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Where Bitcoin creates more potential jobs

There are numerous new types of jobs since the internet first gained popularity. Bitcoin will experience a similar growth trajectory as more jobs are created. We haven’t even begun to scratch the surface of potential Bitcoin jobs — Peter Conley, a contributor for Bitcoin Magazine, writes in his opinion editorial.

How big can Bitcoin jobs,…

https://cryptoinsight.ae/where-bitcoin-creates-more-potential-jobs/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.18 Trillion, a 2.2% change in the last 24 hours

Bitcoin ~ $23,920.30 (2.0%)
Ethereum ~ $1,775.74 (2.7%)
Solana ~ $42.57 (0.1%)
Polkadot ~ $9.23 (4.2%)
Flow ~ $3.06 (1.4%)

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Despite bear market, crypto fundraising hits $30 billion in H1 2022, topping all of 2021

Messari’s latest report indicates that the market pullback in the year’s first half did not shake investors’ confidence in the growing crypto industry. As per the report, the overall amount of money raised in the first six months already exceeds the $30.2 billion that was raised in 1313 rounds throughout the entire year of 2021.…

https://cryptoinsight.ae/despite-bear-market-crypto-fundraising-hits-30-billion-in-h1-2022-topping-all-of-2021/

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Morgan Stanley signaling broad crypto plans with a new job posting

According to a new LinkedIn job posting, financial giant Morgan Stanley is looking for a product development manager with a primary focus on building a wide range of new crypto products. The new executive will lead the team responsible for more than $900 billion in assets under management.

The Block reported that the new position…

https://cryptoinsight.ae/morgan-stanley-signaling-broad-crypto-plans-with-a-new-job-posting/

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Tiffany sells out all 250 ‘NFTiffs’ with real-life necklaces in 20 minutes

Luxury brand Tiffany & Co. has jumped into the NFT world with a collection of limited edition Ethereum-based tokens and corresponding CryptoPunks-themed jewelry. Priced at 30 ETH, or about $50,000, the 250 pieces sold out in around 20 minutes, bringing in more than $12.5 million.

On August 5, the world-famous luxury jeweler launched its first…

https://cryptoinsight.ae/tiffany-sells-out-all-250-nftiffs-with-real-life-necklaces-in-20-minutes/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.13 Trillion, a -4.0% change in the last 24 hours

Bitcoin ~ $22,953.90 (-3.6%)
Ethereum ~ $1,683.16 (-4.9%)
Solana ~ $39.62 (-6.4%)
Polkadot ~ $8.67 (-5.7%)
Flow ~ $2.90 (-5.0%)

Follow and subscribe - @GulfCryptoInsight

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