Gary Gensler finds new audience for his crypto skepticism: The US Army

The U.S. Securities and Exchange Commission chair called crypto “the Wild West” and urged troops not to “get caught up in the FOMO.”

United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army.

On Jan. 11 the U.S. Army hosted…

https://cryptoinsight.ae/gary-gensler-finds-new-audience-for-his-crypto-skepticism-the-us-army/

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From Bernie Madoff to Bankman-Fried: Bitcoin maximalists have been validated

The parallels between Sam Bankman-Fried and Bernie Madoff are ample. On the bright side, both men highlighted the fact that Bitcoin maximalists are immune to Ponzi schemes.

Long before Bitcoin, Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX,…

https://cryptoinsight.ae/from-bernie-madoff-to-bankman-fried-bitcoin-maximalists-have-been-validated/

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Hello there!
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The global cryptocurrency market cap today is $942 Billion, a 1.9% change in the last 24 hours

Bitcoin ~ $18,810.68 (3.8%)
Ethereum ~ $1,408.35 (0.6%)
Solana ~ $16.91 (3.7%)
Polkadot ~ $5.22 (1.9%)
Flow ~ $0.892081 (4.0%)

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‘Wall of worry’ led to digital wallets, blockchain tech ignored: Cathie Wood

Market uncertainty calls for an opportunity to take advantage of disruptive innovation which has historically “gained share during turbulent times,” says ARK Invest CEO.

ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022.

In a Jan. 12 blog post on…

https://cryptoinsight.ae/wall-of-worry-led-to-digital-wallets-blockchain-tech-ignored-cathie-wood/

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Climate tech VC argues Bitcoin’s ESG positives outweigh its negatives 31:1

The Bitcoin network has a 31:1 positive to negative ratio according to climate tech VC Daniel Batten.

A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio.

On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a…

https://cryptoinsight.ae/climate-tech-vc-argues-bitcoins-esg-positives-outweigh-its-negatives-311/

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Cardano ecosystem set to expand with custom-built sidechains

The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.

Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains…

https://cryptoinsight.ae/cardano-ecosystem-set-to-expand-with-custom-built-sidechains/

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90% of businesses adopting blockchain technology, data

A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year.

The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry.

A new…

https://cryptoinsight.ae/90-of-businesses-adopting-blockchain-technology-data/

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Hello there!
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The global cryptocurrency market cap today is $1.02 Trillion, a 8.6% change in the last 24 hours

Bitcoin ~ $20,882.72 (11.0%)
Ethereum ~ $1,549.17 (10.0%)
Solana ~ $23.59 (39.5%)
Polkadot ~ $5.75 (10.2%)
Flow ~ $1.01 (13.3%)

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Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K

Crypto traders chase after neutral-to-bullish options as Bitcoin price targets $20,000 and the total crypto market cap surges above $900 billion.

The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12.

While the 15.5% year-to-date gain sounds promising, the…

https://cryptoinsight.ae/total-crypto-market-cap-closes-in-on-1t-right-as-bitcoin-price-moves-toward-20k/

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3 blockchain use cases that extend beyond crypto

Blockchains are decentralized, transparent and increase the capacity of a whole network while giving users full control of their data.

Blockchain use cases have expanded far beyond cryptocurrency in recent years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics and financial services.

There are many factors behind the…

https://cryptoinsight.ae/3-blockchain-use-cases-that-extend-beyond-crypto/

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DeFi was the most attacked ecosystem in 2022: Finance Redefined

2023 started on a bullish note for nearly all the top 100 DeFi tokens, as most of them rose to new multi-week highs.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The DeFi ecosystem started 2023 on…

https://cryptoinsight.ae/defi-was-the-most-attacked-ecosystem-in-2022-finance-redefined/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.01 Trillion, a -0.9% change in the last 24 hours

Bitcoin ~ $20,745.74 (-0.7%)
Ethereum ~ $1,527.65 (-1.4%)
Solana ~ $22.94 (-3.1%)
Polkadot ~ $5.88 (1.8%)
Flow ~ $1.11 (10.0%)

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Alameda Research had a $65B secret line of credit with FTX: Report

Sam Bankman-Fried ordered Gary Wang, FTX’s co-founder, to open the alleged credit line financed by the exchange’s customers.

Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion “secret backdoor line of credit” for Alameda Research, according to FTX attorney Andrew Dietderich.

The attorney disclosed…

https://cryptoinsight.ae/alameda-research-had-a-65b-secret-line-of-credit-with-ftx-report/

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Solana Foundation warns about security incident with Mailchimp

According to an email sent to users, an unauthorized actor accessed and exported certain user data from the Solana Foundation’s Mailchimp instance.

Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp.

According to an email sent to users and seen by Cointelegraph,…

https://cryptoinsight.ae/solana-foundation-warns-about-security-incident-with-mailchimp/

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App-specific blockchains remain a promising solution for scalability

Building an interoperable network of blockchains dedicated to a specific purpose appears to be a viable alternative to layer-2 scalability solutions.

App-specific blockchains, or appchains, are specifically designed to support the creation and deployment of decentralized applications (DApps). In an appchain, each app runs on its separate blockchain, linked to the main chain. This allows…

https://cryptoinsight.ae/app-specific-blockchains-remain-a-promising-solution-for-scalability/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.04 Trillion, a 2.5% change in the last 24 hours

Bitcoin ~ $21,185.00 (2.4%)
Ethereum ~ $1,578.49 (3.3%)
Solana ~ $23.56 (2.7%)
Polkadot ~ $6.05 (2.8%)
Flow ~ $1.12 (0.5%)

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Bitcoin steps out of ‘Fear’ for the first time in nine months

The Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, marking the first time its hit neutral territory in three quarters.

The highly-referenced Bitcoin Fear and Greed Index moved into neutral territory over the weekend following several months of fear.

On Jan. 15, the index reached a neutral level of…

https://cryptoinsight.ae/bitcoin-steps-out-of-fear-for-the-first-time-in-nine-months/

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Scaramucci to invest in crypto firm founded by former FTX US boss

It is understood the crypto software company will enable crypto traders to create algorithmic-based strategies to access different markets.

SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US.

Scaramucci told Bloomberg in an email that he would be investing his own personal funds to support…

https://cryptoinsight.ae/scaramucci-to-invest-in-crypto-firm-founded-by-former-ftx-us-boss/

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Bank of Thailand to allow first virtual banks by 2025

By allowing virtual banks, Thailand seeks to boost competition and economic growth.

Bank of Thailand has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows.

The “Consultation Paper on Virtual Bank Licensing Framework” published by…

https://cryptoinsight.ae/bank-of-thailand-to-allow-first-virtual-banks-by-2025/

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Navigating the World of Crypto: Tips for Avoiding Scams

From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users.

Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks.

Because these exchanges centralize the storage of users’ assets, they can be attractive…

https://cryptoinsight.ae/navigating-the-world-of-crypto-tips-for-avoiding-scams/

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