Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — MicroStrategy co-founder
The bankruptcies of once high-profile crypto players are “painful” but helpful, according to Michael Saylor, but industry oversight is still needed.
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor.
In a Feb. 3 interview on…
https://cryptoinsight.ae/crypto-needs-adult-supervision-and-turmoil-to-grow-up-microstrategy-co-founder/
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The bankruptcies of once high-profile crypto players are “painful” but helpful, according to Michael Saylor, but industry oversight is still needed.
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor.
In a Feb. 3 interview on…
https://cryptoinsight.ae/crypto-needs-adult-supervision-and-turmoil-to-grow-up-microstrategy-co-founder/
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Spanish rehab center adds crypto trading addiction to services list
The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading.
A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility…
https://cryptoinsight.ae/spanish-rehab-center-adds-crypto-trading-addiction-to-services-list/
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The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading.
A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility…
https://cryptoinsight.ae/spanish-rehab-center-adds-crypto-trading-addiction-to-services-list/
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Interpol wants to police metaverse crimes, reveals secretary general
According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “we need to sufficiently respond to that.”
The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.…
https://cryptoinsight.ae/interpol-wants-to-police-metaverse-crimes-reveals-secretary-general/
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According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “we need to sufficiently respond to that.”
The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.…
https://cryptoinsight.ae/interpol-wants-to-police-metaverse-crimes-reveals-secretary-general/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $22,958.06 (0.9%)
Ethereum ~ $1,636.73 (0.9%)
Solana ~ $23.15 (0.3%)
Polkadot ~ $6.64 (0.2%)
Flow ~ $1.10 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $22,958.06 (0.9%)
Ethereum ~ $1,636.73 (0.9%)
Solana ~ $23.15 (0.3%)
Polkadot ~ $6.64 (0.2%)
Flow ~ $1.10 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
North Korea stole more crypto in 2022 than any other year: UN report
A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.
A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.
The UN report, seen by Reuters, was…
https://cryptoinsight.ae/north-korea-stole-more-crypto-in-2022-than-any-other-year-un-report/
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A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.
A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.
The UN report, seen by Reuters, was…
https://cryptoinsight.ae/north-korea-stole-more-crypto-in-2022-than-any-other-year-un-report/
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FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.
In testimony…
https://cryptoinsight.ae/ftx-ceo-testifies-on-pure-hell-post-bankruptcy-days-at-exchange/
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John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.
In testimony…
https://cryptoinsight.ae/ftx-ceo-testifies-on-pure-hell-post-bankruptcy-days-at-exchange/
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Genesis creditors to expect 80% recovery under proposed restructuring plan
Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval.
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds.
On Feb.…
https://cryptoinsight.ae/genesis-creditors-to-expect-80-recovery-under-proposed-restructuring-plan/
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Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval.
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds.
On Feb.…
https://cryptoinsight.ae/genesis-creditors-to-expect-80-recovery-under-proposed-restructuring-plan/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $23,218.14 (1.2%)
Ethereum ~ $1,675.28 (2.4%)
Solana ~ $23.67 (2.2%)
Polkadot ~ $6.88 (3.6%)
Flow ~ $1.23 (12.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $23,218.14 (1.2%)
Ethereum ~ $1,675.28 (2.4%)
Solana ~ $23.67 (2.2%)
Polkadot ~ $6.88 (3.6%)
Flow ~ $1.23 (12.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
The history and evolution of the fintech industry
The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector.
The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…
https://cryptoinsight.ae/the-history-and-evolution-of-the-fintech-industry/
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The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector.
The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…
https://cryptoinsight.ae/the-history-and-evolution-of-the-fintech-industry/
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SEC to up scrutiny of firms offering or giving advice about crypto
Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.
Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year.
A Feb. 7 statement from the Securities…
https://cryptoinsight.ae/sec-to-up-scrutiny-of-firms-offering-or-giving-advice-about-crypto/
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Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.
Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year.
A Feb. 7 statement from the Securities…
https://cryptoinsight.ae/sec-to-up-scrutiny-of-firms-offering-or-giving-advice-about-crypto/
Website | Twitter | LinkedIn | Telegram
DeFi’s Next Big Thing: Liquid Staking Derivatives
More and more DeFi Protocols have begun supporting LSDs to offer a more flexible way to stake and earn.
The popularity of liquid staking derivatives (LSDs) has increased significantly in recent months resulting in a surge in cash flow in DeFi. LSDs are a relatively new type of token that enables stakers to augment potential…
https://cryptoinsight.ae/defis-next-big-thing-liquid-staking-derivatives/
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More and more DeFi Protocols have begun supporting LSDs to offer a more flexible way to stake and earn.
The popularity of liquid staking derivatives (LSDs) has increased significantly in recent months resulting in a surge in cash flow in DeFi. LSDs are a relatively new type of token that enables stakers to augment potential…
https://cryptoinsight.ae/defis-next-big-thing-liquid-staking-derivatives/
Website | Twitter | LinkedIn | Telegram
Dubai releases crypto regulations for virtual asset service providers
The laws apply to market participants within the Emirate of Dubai, with the exception of those under the Dubai International Financial Centre.
The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASPs) operating within the emirate.
According to Irina…
https://cryptoinsight.ae/dubai-releases-crypto-regulations-for-virtual-asset-service-providers/
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The laws apply to market participants within the Emirate of Dubai, with the exception of those under the Dubai International Financial Centre.
The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASPs) operating within the emirate.
According to Irina…
https://cryptoinsight.ae/dubai-releases-crypto-regulations-for-virtual-asset-service-providers/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $22,597.75 (-2.6%)
Ethereum ~ $1,627.60 (-2.9%)
Solana ~ $22.68 (-4.3%)
Polkadot ~ $6.64 (-3.5%)
Flow ~ $1.09 (-11.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $22,597.75 (-2.6%)
Ethereum ~ $1,627.60 (-2.9%)
Solana ~ $22.68 (-4.3%)
Polkadot ~ $6.64 (-3.5%)
Flow ~ $1.09 (-11.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
End of bull run? The Graph awaits correction after a 200% GRT price rally
GRT has turned technically overbought, but its long-term potential remains skewed to the upside thanks to healthy network fundamentals.
The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets.
GRT price skyrockets with other data management tokens
GRT’s price plunged nearly 14.5% intraday to $0.18, showing signs of…
https://cryptoinsight.ae/end-of-bull-run-the-graph-awaits-correction-after-a-200-grt-price-rally/
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GRT has turned technically overbought, but its long-term potential remains skewed to the upside thanks to healthy network fundamentals.
The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets.
GRT price skyrockets with other data management tokens
GRT’s price plunged nearly 14.5% intraday to $0.18, showing signs of…
https://cryptoinsight.ae/end-of-bull-run-the-graph-awaits-correction-after-a-200-grt-price-rally/
Website | Twitter | LinkedIn | Telegram
Proposed Israeli law to classify crypto as securities will ‘kill the industry’
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.…
https://cryptoinsight.ae/proposed-israeli-law-to-classify-crypto-as-securities-will-kill-the-industry/
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A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.…
https://cryptoinsight.ae/proposed-israeli-law-to-classify-crypto-as-securities-will-kill-the-industry/
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Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country’s regulators.
Armstrong made the comments in a Feb.…
https://cryptoinsight.ae/getting-rid-of-crypto-staking-would-be-a-terrible-path-for-the-us-coinbase-ceo/
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Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country’s regulators.
Armstrong made the comments in a Feb.…
https://cryptoinsight.ae/getting-rid-of-crypto-staking-would-be-a-terrible-path-for-the-us-coinbase-ceo/
Website | Twitter | LinkedIn | Telegram
What is decentralized storage, and how does it work?
Explore the concept of decentralized storage in this informative guide. Learn about the functioning and advantages of a decentralized storage network.
Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal…
https://cryptoinsight.ae/what-is-decentralized-storage-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
Explore the concept of decentralized storage in this informative guide. Learn about the functioning and advantages of a decentralized storage network.
Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal…
https://cryptoinsight.ae/what-is-decentralized-storage-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $21,859.54 (-3.3%)
Ethereum ~ $1,547.89 (-4.9%)
Solana ~ $20.84 (-8.2%)
Polkadot ~ $6.25 (-5.9%)
Flow ~ $1.01 (-7.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $21,859.54 (-3.3%)
Ethereum ~ $1,547.89 (-4.9%)
Solana ~ $20.84 (-8.2%)
Polkadot ~ $6.25 (-5.9%)
Flow ~ $1.01 (-7.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin price more correlated to FTX developments than macro events: Research
While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors.
The collapse of FTX and related developments did more to pull up or push down the price of Bitcoin throughout Q4, compared to macroeconomic events such as rate hikes, according to research.
In a “State…
https://cryptoinsight.ae/bitcoin-price-more-correlated-to-ftx-developments-than-macro-events-research/
Website | Twitter | LinkedIn | Telegram
While inflation has an effect on the price of Bitcoin, researchers were bewildered by bitcoins resilience to other macroeconomic factors.
The collapse of FTX and related developments did more to pull up or push down the price of Bitcoin throughout Q4, compared to macroeconomic events such as rate hikes, according to research.
In a “State…
https://cryptoinsight.ae/bitcoin-price-more-correlated-to-ftx-developments-than-macro-events-research/
Website | Twitter | LinkedIn | Telegram
Crypto and securities: New interpretation of US Howey test gaining ground
Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
The crypto community celebrated a victory in court on Jan. 30 when the United States Securities and Exchange Commission (SEC) admitted in the remedies hearing of the LBRY case that secondary sales of its LBC…
https://cryptoinsight.ae/crypto-and-securities-new-interpretation-of-us-howey-test-gaining-ground/
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Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
The crypto community celebrated a victory in court on Jan. 30 when the United States Securities and Exchange Commission (SEC) admitted in the remedies hearing of the LBRY case that secondary sales of its LBC…
https://cryptoinsight.ae/crypto-and-securities-new-interpretation-of-us-howey-test-gaining-ground/
Website | Twitter | LinkedIn | Telegram