Mastercard: Crypto awareness grows globally, but more trust is needed
Worldwide 2022 New Payments Index consumer polling by Mastercard revealed that crypto payments are rising in popularity worldwide, as 93% of those surveyed have heard of cryptocurrency, and 41% have done at least one crypto-related activity in the past year. However, consumers are still looking for more stability within the industry.
Mastercard’s 2022 Global New…
https://cryptoinsight.ae/mastercard-crypto-awareness-grows-globally-but-more-trust-is-needed/
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Worldwide 2022 New Payments Index consumer polling by Mastercard revealed that crypto payments are rising in popularity worldwide, as 93% of those surveyed have heard of cryptocurrency, and 41% have done at least one crypto-related activity in the past year. However, consumers are still looking for more stability within the industry.
Mastercard’s 2022 Global New…
https://cryptoinsight.ae/mastercard-crypto-awareness-grows-globally-but-more-trust-is-needed/
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The EU moves toward creating a new AML regulator to oversee crypto
Targeting anti-money laundering, the European Union is building a new regulator — “Anti-Money Laundering Authority” (AMLA) — that will direct oversee crypto businesses. Many negotiations remain before the AMLA launch, but all signs are that it’s underway.
The EU is set to create a brand new regulator focused on direct crypto oversight. Although the crypto…
https://cryptoinsight.ae/the-eu-moves-toward-creating-a-new-aml-regulator-to-oversee-crypto/
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Targeting anti-money laundering, the European Union is building a new regulator — “Anti-Money Laundering Authority” (AMLA) — that will direct oversee crypto businesses. Many negotiations remain before the AMLA launch, but all signs are that it’s underway.
The EU is set to create a brand new regulator focused on direct crypto oversight. Although the crypto…
https://cryptoinsight.ae/the-eu-moves-toward-creating-a-new-aml-regulator-to-oversee-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $24,358.29 (1.5%)
Ethereum ~ $1,944.13 (3.5%)
Solana ~ $44.61 (3.1%)
Polkadot ~ $9.15 (5.0%)
Flow ~ $2.75 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $24,358.29 (1.5%)
Ethereum ~ $1,944.13 (3.5%)
Solana ~ $44.61 (3.1%)
Polkadot ~ $9.15 (5.0%)
Flow ~ $2.75 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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How crypto developers faked Solana’s DeFi ecosystem
The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk.
Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…
https://cryptoinsight.ae/how-crypto-developers-faked-solanas-defi-ecosystem/
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The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk.
Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…
https://cryptoinsight.ae/how-crypto-developers-faked-solanas-defi-ecosystem/
Website | Twitter | LinkedIn | Telegram
Acala stablecoin recovers dollar peg following burning 1.29 billion exploited aUSD
Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg.
These “extra” tokens were minted…
https://cryptoinsight.ae/acala-stablecoin-recovers-dollar-peg-following-burning-1-29-billion-exploited-ausd/
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Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg.
These “extra” tokens were minted…
https://cryptoinsight.ae/acala-stablecoin-recovers-dollar-peg-following-burning-1-29-billion-exploited-ausd/
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Crypto derivatives traders expect Ethereum staking yields to double to 8% after the Merge
In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem.
Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…
https://cryptoinsight.ae/crypto-derivatives-traders-expect-ethereum-staking-yields-to-double-to-8-after-the-merge/
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In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem.
Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…
https://cryptoinsight.ae/crypto-derivatives-traders-expect-ethereum-staking-yields-to-double-to-8-after-the-merge/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $23,441.44 (-3.8%)
Ethereum ~ $1,848.55 (-3.8%)
Solana ~ $40.90 (-8.4%)
Polkadot ~ $8.44 -7.6%)
Flow ~ $2.67 (-3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $23,441.44 (-3.8%)
Ethereum ~ $1,848.55 (-3.8%)
Solana ~ $40.90 (-8.4%)
Polkadot ~ $8.44 -7.6%)
Flow ~ $2.67 (-3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
EU lawmakers plan to cap banks’ crypto holdings
EU banks exposed to crypto might face caps and hefty capital requirements due to proposed amendments to a financial-services law published on August 17. Lawmakers of the European Green Party want to anticipate international standards by legislating heavy capital requirements for lenders.
The plans, presented by Green Party lawmaker Ville Niinistö, seek to anticipate capital…
https://cryptoinsight.ae/eu-lawmakers-plan-to-cap-banks-crypto-holdings/
Website | Twitter | LinkedIn | Telegram
EU banks exposed to crypto might face caps and hefty capital requirements due to proposed amendments to a financial-services law published on August 17. Lawmakers of the European Green Party want to anticipate international standards by legislating heavy capital requirements for lenders.
The plans, presented by Green Party lawmaker Ville Niinistö, seek to anticipate capital…
https://cryptoinsight.ae/eu-lawmakers-plan-to-cap-banks-crypto-holdings/
Website | Twitter | LinkedIn | Telegram
EOS price jumps 24% ahead of rebrand
The EOS Foundation plans to hardfork the EOS blockchain on September 21. This Proof-of-Stake blockchain is set to rebrand to EOSIO as the project tends to distance itself from notorious developer Block.one. In response, the EOS token has rallied more than 24% over the past 24 hours.
In a tweet on August 17, the EOS…
https://cryptoinsight.ae/eos-price-jumps-24-ahead-of-rebrand/
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The EOS Foundation plans to hardfork the EOS blockchain on September 21. This Proof-of-Stake blockchain is set to rebrand to EOSIO as the project tends to distance itself from notorious developer Block.one. In response, the EOS token has rallied more than 24% over the past 24 hours.
In a tweet on August 17, the EOS…
https://cryptoinsight.ae/eos-price-jumps-24-ahead-of-rebrand/
Website | Twitter | LinkedIn | Telegram
Huobi stablecoin HUSD loses peg, dropping to $0.89
Huobi’s HUSD became the latest stablecoin to de-peg from the US dollar. The HUSD stablecoin, associated with the Huobi Global crypto exchange, has fallen to $0.89, an 11% drop from its planned $1 peg, according to CoinMarketCap.
It seems that troubles for stablecoins are yet to be over, despite the crypto market returns on the…
https://cryptoinsight.ae/huobi-stablecoin-husd-loses-peg-dropping-to-0-89/
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Huobi’s HUSD became the latest stablecoin to de-peg from the US dollar. The HUSD stablecoin, associated with the Huobi Global crypto exchange, has fallen to $0.89, an 11% drop from its planned $1 peg, according to CoinMarketCap.
It seems that troubles for stablecoins are yet to be over, despite the crypto market returns on the…
https://cryptoinsight.ae/huobi-stablecoin-husd-loses-peg-dropping-to-0-89/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a -3.0% change in the last 24 hours
Bitcoin ~ $22,800.88 (-2.7%)
Ethereum ~ $1,814.97 (-1.9%)
Solana ~ $38.25 (-6.7%)
Polkadot ~ $7.84 (-7.2%)
Flow ~ $2.46 (-8.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a -3.0% change in the last 24 hours
Bitcoin ~ $22,800.88 (-2.7%)
Ethereum ~ $1,814.97 (-1.9%)
Solana ~ $38.25 (-6.7%)
Polkadot ~ $7.84 (-7.2%)
Flow ~ $2.46 (-8.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -5.9% change in the last 24 hours
Bitcoin ~ $21,203.26 (-7.1%)
Ethereum ~ $1,639.91 (-9.6%)
Solana ~ $36.74 (-4.0%)
Polkadot ~ $7.43 (-5.3%)
Flow ~ $2.26 (-8.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -5.9% change in the last 24 hours
Bitcoin ~ $21,203.26 (-7.1%)
Ethereum ~ $1,639.91 (-9.6%)
Solana ~ $36.74 (-4.0%)
Polkadot ~ $7.43 (-5.3%)
Flow ~ $2.26 (-8.1%)
Follow and subscribe - @GulfCryptoInsight
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Tether reveals its reserve attestation report from its new auditing firm BDO Italia
Tether, the issuer of the largest stablecoin USDT, published its latest quarterly attestation report for the token’ reserves on August 19. The report by Tether’s new auditing firm BDO Italia confirmed a more than 57.5% decrease in Tether’s commercial paper holdings over the prior quarter. However, many still await Tether’s audit report from a “Big…
https://cryptoinsight.ae/tether-reveals-its-reserve-attestation-report-from-its-new-auditing-firm-bdo-italia/
Website | Twitter | LinkedIn | Telegram
Tether, the issuer of the largest stablecoin USDT, published its latest quarterly attestation report for the token’ reserves on August 19. The report by Tether’s new auditing firm BDO Italia confirmed a more than 57.5% decrease in Tether’s commercial paper holdings over the prior quarter. However, many still await Tether’s audit report from a “Big…
https://cryptoinsight.ae/tether-reveals-its-reserve-attestation-report-from-its-new-auditing-firm-bdo-italia/
Website | Twitter | LinkedIn | Telegram
The central bank of South Africa allows banks to serve crypto clients
The South African Reserve Bank (SARB) warned financial institutions against the “wholesale” ban on customers with digital assets. The regulator said the banks should not “avoid risk entirely” amid the booming economy in the region.
The South African central bank said that south African financial institutions will now be allowed to deal with funds linked…
https://cryptoinsight.ae/the-central-bank-of-south-africa-allows-banks-to-serve-crypto-clients/
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The South African Reserve Bank (SARB) warned financial institutions against the “wholesale” ban on customers with digital assets. The regulator said the banks should not “avoid risk entirely” amid the booming economy in the region.
The South African central bank said that south African financial institutions will now be allowed to deal with funds linked…
https://cryptoinsight.ae/the-central-bank-of-south-africa-allows-banks-to-serve-crypto-clients/
Website | Twitter | LinkedIn | Telegram
Crypto Investments Weekly – Aug. 13 – 19
Top investment deals across the crypto sector over the last week (Aug. 13 – 19, 2022):
Skynet Labs is shutting down
Skynet Labs, behind decentralized internet platform Skynet, is shutting down after the company couldn’t raise more funds, according to its blog post on Aug. 12. Skynet Labs was formed as the company sought to…
https://cryptoinsight.ae/crypto-investments-weekly-aug-13-19/
Website | Twitter | LinkedIn | Telegram
Top investment deals across the crypto sector over the last week (Aug. 13 – 19, 2022):
Skynet Labs is shutting down
Skynet Labs, behind decentralized internet platform Skynet, is shutting down after the company couldn’t raise more funds, according to its blog post on Aug. 12. Skynet Labs was formed as the company sought to…
https://cryptoinsight.ae/crypto-investments-weekly-aug-13-19/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $21,245.78 (0.2%)
Ethereum ~ $1,588.98 (-2.8%)
Solana ~ $35.17 (-4.2%)
Polkadot ~ $7.27 (-2.2%)
Flow ~ $2.15 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $21,245.78 (0.2%)
Ethereum ~ $1,588.98 (-2.8%)
Solana ~ $35.17 (-4.2%)
Polkadot ~ $7.27 (-2.2%)
Flow ~ $2.15 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight: Hot crypto news from the MENA region – August 19
MetaVSummit in Dubai
MetaVSummit, the largest Web 3 & Metaverse event for investors and founders, will be held in Dubai, UAE, on Sep. 14-15, 2022. The event has up to 1000 delegates who could meet under one roof in The Ritz Carlton, DIFC, looking to strategically partner with the top Crypto, NFT & Metaverse companies…
https://cryptoinsight.ae/gulf-crypto-insight-hot-crypto-news-from-the-mena-region-august-19/
Website | Twitter | LinkedIn | Telegram
MetaVSummit in Dubai
MetaVSummit, the largest Web 3 & Metaverse event for investors and founders, will be held in Dubai, UAE, on Sep. 14-15, 2022. The event has up to 1000 delegates who could meet under one roof in The Ritz Carlton, DIFC, looking to strategically partner with the top Crypto, NFT & Metaverse companies…
https://cryptoinsight.ae/gulf-crypto-insight-hot-crypto-news-from-the-mena-region-august-19/
Website | Twitter | LinkedIn | Telegram
Crypto Arabs present NFT collection and ‘Learn to Earn’ masterclasses in Dubai
NFT project Crypto Arabs announced its NFT collection with 9,999 unique art pieces and educating masterclasses for its community members through its “Learn to Earn” initiatives. Among topics covered in the masterclasses are DeFi, staking, GameFi, blockchain/crypto for beginners, and fundraising.
Arabic Cartoon show “Shaabiat Al Cartoon” has been turned into an NFT collection which…
https://cryptoinsight.ae/crypto-arabs-present-nft-collection-and-learn-to-earn-masterclasses-in-dubai/
Website | Twitter | LinkedIn | Telegram
NFT project Crypto Arabs announced its NFT collection with 9,999 unique art pieces and educating masterclasses for its community members through its “Learn to Earn” initiatives. Among topics covered in the masterclasses are DeFi, staking, GameFi, blockchain/crypto for beginners, and fundraising.
Arabic Cartoon show “Shaabiat Al Cartoon” has been turned into an NFT collection which…
https://cryptoinsight.ae/crypto-arabs-present-nft-collection-and-learn-to-earn-masterclasses-in-dubai/
Website | Twitter | LinkedIn | Telegram
Privacy protocol Aztec reacts to FTX freezing user accounts
FTX asks its users to refrain from using the Aztec mixing service in the future since doing so may jeopardize the FTX account. However, Aztec stated that it does not intend to sacrifice user privacy to prevent the illicit use of its service.
According to reports by numerous FTX users, the cryptocurrency exchange advised users…
https://cryptoinsight.ae/privacy-protocol-aztec-reacts-to-ftx-freezing-user-accounts/
Website | Twitter | LinkedIn | Telegram
FTX asks its users to refrain from using the Aztec mixing service in the future since doing so may jeopardize the FTX account. However, Aztec stated that it does not intend to sacrifice user privacy to prevent the illicit use of its service.
According to reports by numerous FTX users, the cryptocurrency exchange advised users…
https://cryptoinsight.ae/privacy-protocol-aztec-reacts-to-ftx-freezing-user-accounts/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $21,417.02 (0.9%)
Ethereum ~ $1,596.82 (0.7%)
Solana ~ $36.07 (2.5%)
Polkadot ~ $7.33 (0.9%)
Flow ~ $2.15 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $21,417.02 (0.9%)
Ethereum ~ $1,596.82 (0.7%)
Solana ~ $36.07 (2.5%)
Polkadot ~ $7.33 (0.9%)
Flow ~ $2.15 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram