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 $1.22 Trillion, a -0.7% change in the last 24 hours

Bitcoin ~ $28,092.39 (-1.8%)
Ethereum ~ $1,799.85 (0.2%)
Solana ~ $20.42 (-2.7%)
Polkadot ~ $6.20 (0.2%)
Flow ~ $0.962007 (-1.7%)

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UK government announces ‘robust’ crypto regulation as part of economic crime plan

The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement’s ability to seize and store assets.

The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the…

https://cryptoinsight.ae/uk-government-announces-robust-crypto-regulation-as-part-of-economic-crime-plan/

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DAO treasuries top $25 billion for the first time: DeepDAO

Assets held in DAO treasuries have more than doubled since the beginning of 2023, according to DeepDAO.

Decentralized autonomous organization (DAO) treasuries are rapidly growing, having just surpassed a major milestone, according to DeepDAO.

According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record…

https://cryptoinsight.ae/dao-treasuries-top-25-billion-for-the-first-time-deepdao/

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Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches

The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.

ANZ, one of Australia’s “Big Four” banks, will cease facilitating withdrawals and deposits from a number of its Australian branches as it looks to push its customers toward using…

https://cryptoinsight.ae/australian-big-four-bank-anz-halts-cash-withdrawals-from-many-branches/

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Russia talks up prospects of BRICS countries developing new currency

A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency.

A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.

According to reports, a top Russian official has claimed that the BRICS alliance is working on creating…

https://cryptoinsight.ae/russia-talks-up-prospects-of-brics-countries-developing-new-currency/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.24 Trillion, a 1.2% change in the last 24 hours

Bitcoin ~ $28,527.64 (1.5%)
Ethereum ~ $1,823.35 (1.3%)
Solana ~ $21.07 (3.1%)
Polkadot ~ $6.29 (1.4%)
Flow ~ $0.992550 (3.2%)

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El Salvador removes all taxes related to tech innovation for economic growth

Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador.

El Salvador, the first country to establish Bitcoin as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment…

https://cryptoinsight.ae/el-salvador-removes-all-taxes-related-to-tech-innovation-for-economic-growth/

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Bermuda still open to crypto firms, says premier: Report

Bermuda’s Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets.

The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with…

https://cryptoinsight.ae/bermuda-still-open-to-crypto-firms-says-premier-report/

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Crypto exchange Bittrex to wind down operations in the US

The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023.

Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary,…

https://cryptoinsight.ae/crypto-exchange-bittrex-to-wind-down-operations-in-the-us/

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Here’s how the crypto industry is using artificial intelligence

The rise of artificial intelligence, though in its early stages, has found use cases in crypto through countless projects.

The use of artificial intelligence (AI) in crypto, though still in its infant stages, is showing prospects for growth. According to a report from Fortune Business Insights, the blockchain AI market is projected to grow from…

https://cryptoinsight.ae/heres-how-the-crypto-industry-is-using-artificial-intelligence/

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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 ~ $28,482.43 (-0.1%)
Ethereum ~ $1,820.84 (-0.1%)
Solana ~ $21.08 (0.1%)
Polkadot ~ $6.42 (2.1%)
Flow ~ $0.998915 (0.7%)

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US crackdown will push crypto’s ‘center of gravity’ to Hong Kong: Kaiko CEO

Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach may just see the city become the “center of gravity” for crypto trading and investments.

The U.S. government’s frosty approach to cryptocurrency regulation could ultimately see the industry’s “center of gravity” shift to Hong Kong, says Ambre Soubiran, the CEO of Paris-based institutional crypto market…

https://cryptoinsight.ae/us-crackdown-will-push-cryptos-center-of-gravity-to-hong-kong-kaiko-ceo/

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Binance vs. CFTC: Latest court battle could alter crypto landscape in US

The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.

Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.…

https://cryptoinsight.ae/binance-vs-cftc-latest-court-battle-could-alter-crypto-landscape-in-us/

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Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.

Binance’s native stablecoin — Binance USD — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.

However, on…

https://cryptoinsight.ae/do-algorithmic-stablecoins-have-a-future-as-centralized-coins-are-under-scrutiny/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.2 Trillion, a -2.3% change in the last 24 hours

Bitcoin ~ $27,717.20 (-2.7%)
Ethereum ~ $1,781.86 (-2.3%)
Solana ~ $20.12 (-4.5%)
Polkadot ~ $6.19 (-3.5%)
Flow ~ $0.966646 (-3.2%)

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Bitcoin copying ‘familiar’ price trend in 2023, two more metrics show

The SLRV Ribbons and Bitcoin Yardstick tools both reveal copycat behavior from 2019 when it comes to Bitcoin price recovery.

Bitcoin is on the road to a new bull market and should deliver serious returns in the process, fresh analysis reveals.

In a tweet on April 2, Charles Edwards, founder of Bitcoin and digital asset…

https://cryptoinsight.ae/bitcoin-copying-familiar-price-trend-in-2023-two-more-metrics-show/

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UK banks are turning away crypto clients: Report

Challenges for crypto companies range from having applications rejected, accounts frozen, to being overwhelmed with paperwork.

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions.…

https://cryptoinsight.ae/uk-banks-are-turning-away-crypto-clients-report/

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Arbitrum to break up governance votes after community backlash

The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens.

Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.

On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely…

https://cryptoinsight.ae/arbitrum-to-break-up-governance-votes-after-community-backlash/

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Buterin weighs in on zk-EVMs’ impact on decentralization and security

Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer.

Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.

Buterin…

https://cryptoinsight.ae/buterin-weighs-in-on-zk-evms-impact-on-decentralization-and-security/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.22 Trillion, a 1.1% change in the last 24 hours

Bitcoin ~ $27,921.45 (0.8%)
Ethereum ~ $1,811.65 (1.6%)
Solana ~ $20.45 (1.6%)
Polkadot ~ $6.39 (3.2%)
Flow ~ $0.965103 (-0.1%)

Follow and subscribe - @GulfCryptoInsight

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