Reddit integrates FTX Pay to enable ETH gas fees for the community points system

Reddit enlisted FTX and Arbitrum to launch its tokens on Ethereum. Users now can move Reddit’s Community Points to Arbitrum-built Ethereum wallets and pay gas fees with FTX Pay. Last month, top forum contributors earned up to $340 in Community Points tokens for posting in the r/cryptocurrency subreddit.

Despite the bear market, FTX is continuing…

https://cryptoinsight.ae/reddit-integrates-ftx-pay-to-enable-eth-gas-fees-for-the-community-points-system/

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Iran makes its first import worth $10 million in crypto with ‘widespread’ plans

As Tasnim agency reported Tuesday, citing Alireza Peymanpak, an Iranian official from the Ministry of Industry, Mine, and Trade, the country this week executed its first official order for importing goods via the crypto payment route, worth $10 million cumulatively.

“This week, the first official import order registration worth 10 million dollars was successfully completed…

https://cryptoinsight.ae/iran-makes-its-first-import-worth-10-million-in-crypto-with-widespread-plans/

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US Treasury blacklists Tornado Cash, sparking criticism from the crypto industry

The US Treasury sanctions against the crypto mixer Tornado Cash meet criticism from the crypto community. While GitHub, stablecoin issuers and crypto infrastructure providers join the Treasury action, some anonymous troll is sending crypto from a Tornado Cash wallet, trying to “dust” numerous celebrities.

On August 8, the US Department of the Treasury announced sanctions…

https://cryptoinsight.ae/us-treasury-blacklists-tornado-cash-sparking-criticism-from-the-crypto-industry/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.21 Trillion, a 7.4% change in the last 24 hours

Bitcoin ~ $24,598.64 (7.4%)
Ethereum ~ $$1,896.50 (12.9%)
Solana ~ $44.58 (12.9%)
Polkadot ~ $9.48 (9.8%)
Flow ~ $3.06 (6.0%)

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UAE tightens control over crypto real estate money laundering

On August 8, the UAE introduced new reporting requirements for real estate transactions involving digital assets. The new rules require all real estate agents, brokers, and law firms to report all property transactions with crypto assets.

According to the UAE government, the new rules are aimed at clamping down on money laundering and terrorist financing.…

https://cryptoinsight.ae/uae-tightens-control-over-crypto-real-estate-money-laundering/

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Top 5 main mistakes to avoid during a crypto bear market

Here are five of the most common mistakes people make during a bear market, writes George Georgiev on CryptoPotato. Have you made any of them?

Cryptocurrency bear markets can be brutal for new investors without sufficient experience. The swings are typically a lot more violent compared to traditional stock markets, and it’s not unheard of…

https://cryptoinsight.ae/top-5-main-mistakes-to-avoid-during-a-crypto-bear-market/

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Gulf Crypto Insight: Hot crypto news from the MENA region – August 10

Blockchain Economy Summit: Dubai to host the world’s largest blockchain and crypto event in October

The world’s largest blockchain and crypto conference network, Blockchain Economy Summit, has just closed the previous chapter in Istanbul, Türkiye, with more than 3,000 participants from 82 countries all over the world. The next edition of the world’s flagship blockchain…

https://cryptoinsight.ae/gulf-crypto-insight-hot-crypto-news-from-the-mena-region-august-10/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.2 Trillion, a -0.8% change in the last 24 hours

Bitcoin ~ $24,001.58 (-2.6%)
Ethereum ~ $1,897.70 (-0.3%)
Solana ~ $43.42 (-2.3%)
Polkadot ~ $9.23 (-3.1%)
Flow ~ $2.98 (-3.0%)

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Hello there!
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The global cryptocurrency market cap today is $1.23 Trillion, a 3.1% change in the last 24 hours

Bitcoin ~ $24,709.24 (2.9%)
Ethereum ~ $1,995.17 (5.2%)
Solana ~ $47.83 (10.2%)
Polkadot ~ $9.55 (3.5%)
Flow ~ $2.98 (-0.1%)

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BlackRock launches a new Bitcoin trust, pushing institutional crypto adoption

BlackRock announced Thursday the launch of a private trust that will hold Bitcoin and seek to track the asset’s performance, with Coinbase serving as the trust’s custodian. The news marks a giant leap forward in Bitcoin’s institutional adoption, which brought out a flurry of bold calls.

This development comes one week after BlackRock announced a…

https://cryptoinsight.ae/blackrock-launches-a-new-bitcoin-trust-pushing-institutional-crypto-adoption/

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Huobi founder reportedly looks to sell his majority stake for over $1 billion

Leon Li, the founder of major crypto exchange Huobi Global, is reportedly in talks to sell his majority stake in the company, which could value the firm at over $3 billion. The deal could be one of the biggest in crypto history.

According to Bloomberg, Li is looking to sell almost 60% of the firm…

https://cryptoinsight.ae/huobi-founder-reportedly-looks-to-sell-his-majority-stake-for-over-1-billion/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.23 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $24,620.76 (-0.5%)
Ethereum ~ $1,996.77 (-0.2%)
Solana ~ $47.23 (-1.9%)
Polkadot ~ $9.45 (-1.3%)
Flow ~ $2.92 (-2.5%)

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The Merge is getting closer: Can the Ethereum 2.0 opponents succeed?

Ethereum token’s price rises as it is moving closer to long-awaited the Merge upgrade. Meanwhile, part of the community led by the prominent miner intends to resist the upcoming shift to ETH 2.0 and create a new, parallel network and cryptocurrency ETHW to preserve the existing Proof-of-Work method and ETH mining. However, Ethereum co-founder Vitalik…

https://cryptoinsight.ae/the-merge-is-getting-closer-can-the-ethereum-2-0-opponents-succeed/

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Crypto without internet: SMS service allows Bitcoin transactions via text in Africa

Machankura, the South African SMS-based service named after the local slang word “money,” is bridging the gap between Bitcoin and people without internet access. Kgothatso Ngako, the developer of the service, believes that due to this new technology, people in Africa will be able to receive and spend Bitcoin without the need for an internet…

https://cryptoinsight.ae/crypto-without-internet-sms-service-allows-bitcoin-transactions-via-text-in-africa/

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Tips for surviving the crypto bear market

Bear markets are difficult as people watch their account balances diminish with the Bitcoin price dropping. There are many things you can do to ease the pain. This is an opinion editorial on Bitcoin Magazine by Boomer, a long-time and active member of the financial independence/retire early (FIRE) movement.

Deep down, we all knew this…

https://cryptoinsight.ae/tips-for-surviving-the-crypto-bear-market/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.23 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $24,839.35 (1.1%)
Ethereum ~ $1,972.74 (-1.0%)
Solana ~ $45.99 (-2.3%)
Polkadot ~ $9.15 (-3.0%)
Flow ~ $2.87 (-1.5%)

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Fintech startup Strike launches new Visa Card to allow payments in Bitcoin

Strike, the leading blockchain-based startup, entered into a collaboration with financial giant Visa Inc. to offer crypto rewards through its new crypto card. The startup also said that access to the card could be granted by joining a waitlist.

Digital currency-based payment protocol Strike, built on the Lightning Network, has announced the launch of a…

https://cryptoinsight.ae/fintech-startup-strike-launches-new-visa-card-to-allow-payments-in-bitcoin/

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Crypto Trends Weekly Aug. 5 – 12

Breaking crypto news from the last week (Aug. 6 – 12, 2022):

Aug. 6: Messari’s latest report indicates that the market pullback in the first half of 2022 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…

https://cryptoinsight.ae/crypto-trends-weekly-aug-5-12/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.19 Trillion, a -3.3% change in the last 24 hours

Bitcoin ~ $23,987.06 (-3.1%)
Ethereum ~ $1,877.84 (-4.2%)
Solana ~ $43.16 (-5.0%)
Polkadot ~ $8.71 (-3.8%)
Flow ~ $2.68 (-5.8%)

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Axie Infinity hits $4 billion in NFT sales and rebalances its token economy

Play-to-earn game Axie Infinity has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The team also described the move as part of its efforts to balance the economy for the SLP token. Meantime, the in-game NFT sales so far have…

https://cryptoinsight.ae/axie-infinity-hits-4-billion-in-nft-sales-and-rebalances-its-token-economy/

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