DeSantis is right — CBDCs will lead to absolute government control
From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free.
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it…
https://cryptoinsight.ae/desantis-is-right-cbdcs-will-lead-to-absolute-government-control/
Website | Twitter | LinkedIn | Telegram
From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free.
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it…
https://cryptoinsight.ae/desantis-is-right-cbdcs-will-lead-to-absolute-government-control/
Website | Twitter | LinkedIn | Telegram
Smaller investors can have outsized impact on crypto investment markets: BIS study
Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen.
The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin and Ether spot and futures prices — and…
https://cryptoinsight.ae/smaller-investors-can-have-outsized-impact-on-crypto-investment-markets-bis-study/
Website | Twitter | LinkedIn | Telegram
Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen.
The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin and Ether spot and futures prices — and…
https://cryptoinsight.ae/smaller-investors-can-have-outsized-impact-on-crypto-investment-markets-bis-study/
Website | Twitter | LinkedIn | Telegram
Solana reveals cost-cutting solution for on-chain storage
Known as state compression, the technology promises to drastically reduce the cost of on-chain storage.
Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly…
https://cryptoinsight.ae/solana-reveals-cost-cutting-solution-for-on-chain-storage/
Website | Twitter | LinkedIn | Telegram
Known as state compression, the technology promises to drastically reduce the cost of on-chain storage.
Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly…
https://cryptoinsight.ae/solana-reveals-cost-cutting-solution-for-on-chain-storage/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $28,145.81 (0.6%)
Ethereum ~ $1,877.47 (0.4%)
Solana ~ $20.69 (1.3%)
Polkadot ~ $6.22 (0.4%)
Flow ~ $0.992977 (-0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $28,145.81 (0.6%)
Ethereum ~ $1,877.47 (0.4%)
Solana ~ $20.69 (1.3%)
Polkadot ~ $6.22 (0.4%)
Flow ~ $0.992977 (-0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Polygon becomes second largest gaming blockchain after user activity surges in March
Polygon overtook Hive for the second spot in last month, as the growth in unique active wallets was driven in part by the Hunters On-Chain RPG game.
Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs).
According to…
https://cryptoinsight.ae/polygon-becomes-second-largest-gaming-blockchain-after-user-activity-surges-in-march/
Website | Twitter | LinkedIn | Telegram
Polygon overtook Hive for the second spot in last month, as the growth in unique active wallets was driven in part by the Hunters On-Chain RPG game.
Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs).
According to…
https://cryptoinsight.ae/polygon-becomes-second-largest-gaming-blockchain-after-user-activity-surges-in-march/
Website | Twitter | LinkedIn | Telegram
Bitcoin derivatives favor further BTC price rally toward $30K
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.
Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin
demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.
On…
https://cryptoinsight.ae/bitcoin-derivatives-favor-further-btc-price-rally-toward-30k/
Website | Twitter | LinkedIn | Telegram
Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator.
Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin
demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.
On…
https://cryptoinsight.ae/bitcoin-derivatives-favor-further-btc-price-rally-toward-30k/
Website | Twitter | LinkedIn | Telegram
Ethereum projects launch MEV Blocker to protect users from high prices: Finance Redefined
The top 100 DeFi tokens had a mixed week in terms of price action, with the total value locked in DeFi protocols maintaining above $50 billion.
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.
A total of…
https://cryptoinsight.ae/ethereum-projects-launch-mev-blocker-to-protect-users-from-high-prices-finance-redefined/
Website | Twitter | LinkedIn | Telegram
The top 100 DeFi tokens had a mixed week in terms of price action, with the total value locked in DeFi protocols maintaining above $50 billion.
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.
A total of…
https://cryptoinsight.ae/ethereum-projects-launch-mev-blocker-to-protect-users-from-high-prices-finance-redefined/
Website | Twitter | LinkedIn | Telegram
Europe’s digital ID wallet — Easy for users or a data privacy nightmare?
European Union lawmakers are planning an EU-wide digital identity wallet for access to essential services.
On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European…
https://cryptoinsight.ae/europes-digital-id-wallet-easy-for-users-or-a-data-privacy-nightmare/
Website | Twitter | LinkedIn | Telegram
European Union lawmakers are planning an EU-wide digital identity wallet for access to essential services.
On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European…
https://cryptoinsight.ae/europes-digital-id-wallet-easy-for-users-or-a-data-privacy-nightmare/
Website | Twitter | LinkedIn | Telegram
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 ~ $27,982.05 (-0.6%)
Ethereum ~ $1,837.94 (-2.1%)
Solana ~ $20.00 (-3.4%)
Polkadot ~ $6.14 (-1.4%)
Flow ~ $0.970464 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $27,982.05 (-0.6%)
Ethereum ~ $1,837.94 (-2.1%)
Solana ~ $20.00 (-3.4%)
Polkadot ~ $6.14 (-1.4%)
Flow ~ $0.970464 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Missing DeFi security layer found in a new company release
Despite advancements across the industry, many of today’s cryptocurrencies still have the same security protocols in place as first-generation releases.
Blockchain tokenization experiments began in 2012 with “colored coins.” However, despite this initial release, many agree that it wasn’t until 2014 that tokenization’s full potential was achieved with the release of the scripting language that…
https://cryptoinsight.ae/missing-defi-security-layer-found-in-a-new-company-release/
Website | Twitter | LinkedIn | Telegram
Despite advancements across the industry, many of today’s cryptocurrencies still have the same security protocols in place as first-generation releases.
Blockchain tokenization experiments began in 2012 with “colored coins.” However, despite this initial release, many agree that it wasn’t until 2014 that tokenization’s full potential was achieved with the release of the scripting language that…
https://cryptoinsight.ae/missing-defi-security-layer-found-in-a-new-company-release/
Website | Twitter | LinkedIn | Telegram
Here’s why Web2.5 could be the missing piece of the puzzle in daily digital lives
Web3 is evolving rapidly, but mass adoption is still a mirage.
According to the latest data released by Statista, the number of internet users around the world reached 5.16 billion in January 2023, representing a staggering 64.4% of the worldwide population.
Undoubtedly, the world is consistently digitizing while technology continues to advance in parallel, bringing…
https://cryptoinsight.ae/heres-why-web2-5-could-be-the-missing-piece-of-the-puzzle-in-daily-digital-lives/
Website | Twitter | LinkedIn | Telegram
Web3 is evolving rapidly, but mass adoption is still a mirage.
According to the latest data released by Statista, the number of internet users around the world reached 5.16 billion in January 2023, representing a staggering 64.4% of the worldwide population.
Undoubtedly, the world is consistently digitizing while technology continues to advance in parallel, bringing…
https://cryptoinsight.ae/heres-why-web2-5-could-be-the-missing-piece-of-the-puzzle-in-daily-digital-lives/
Website | Twitter | LinkedIn | Telegram
How will the Shanghai upgrade impact ETH price? Expert explains
While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether’s price in the mid-to-long term, according to Vivek Raman.
While it may have some short-term negative impact on the price of Ether, the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as it…
https://cryptoinsight.ae/how-will-the-shanghai-upgrade-impact-eth-price-expert-explains/
Website | Twitter | LinkedIn | Telegram
While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether’s price in the mid-to-long term, according to Vivek Raman.
While it may have some short-term negative impact on the price of Ether, the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as it…
https://cryptoinsight.ae/how-will-the-shanghai-upgrade-impact-eth-price-expert-explains/
Website | Twitter | LinkedIn | Telegram
Sushi’s head chef addresses community concerns amid SEC subpoena
Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO.
Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they…
https://cryptoinsight.ae/sushis-head-chef-addresses-community-concerns-amid-sec-subpoena/
Website | Twitter | LinkedIn | Telegram
Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO.
Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they…
https://cryptoinsight.ae/sushis-head-chef-addresses-community-concerns-amid-sec-subpoena/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $28,297.43 (1.1%)
Ethereum ~ $1,860.37 (1.2%)
Solana ~ $20.26 (1.2%)
Polkadot ~ $6.18 (0.7%)
Flow ~ $0.977061 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.6% change in the last 24 hours
Bitcoin ~ $28,297.43 (1.1%)
Ethereum ~ $1,860.37 (1.2%)
Solana ~ $20.26 (1.2%)
Polkadot ~ $6.18 (0.7%)
Flow ~ $0.977061 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury
A new proposal asks the Arbitrum Foundation to return 700 million ARB tokens after community backlash. Voting ends on April 14.
The Arbitrum community has initiated a new proposal requesting the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury. The move comes after the Arbitrum Foundation transferred the funds without receiving…
https://cryptoinsight.ae/community-wants-arbitrum-foundation-to-return-700m-arb-to-dao-treasury/
Website | Twitter | LinkedIn | Telegram
A new proposal asks the Arbitrum Foundation to return 700 million ARB tokens after community backlash. Voting ends on April 14.
The Arbitrum community has initiated a new proposal requesting the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury. The move comes after the Arbitrum Foundation transferred the funds without receiving…
https://cryptoinsight.ae/community-wants-arbitrum-foundation-to-return-700m-arb-to-dao-treasury/
Website | Twitter | LinkedIn | Telegram
SushiSwap approval bug leads to $3.3M exploit
Only users who have traded on the decentralized exchange in the last four days are apparently affected.
A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.
Blockchain security companies CertiK…
https://cryptoinsight.ae/sushiswap-approval-bug-leads-to-3-3m-exploit/
Website | Twitter | LinkedIn | Telegram
Only users who have traded on the decentralized exchange in the last four days are apparently affected.
A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.
Blockchain security companies CertiK…
https://cryptoinsight.ae/sushiswap-approval-bug-leads-to-3-3m-exploit/
Website | Twitter | LinkedIn | Telegram
Ethereum staking deposits dip due to regulatory pressure and Shapella upgrade
The amount of ETH being staked monthly has recently dipped according to the on-chain analytics platform Glassnode.
Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12.
On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking…
https://cryptoinsight.ae/ethereum-staking-deposits-dip-due-to-regulatory-pressure-and-shapella-upgrade/
Website | Twitter | LinkedIn | Telegram
The amount of ETH being staked monthly has recently dipped according to the on-chain analytics platform Glassnode.
Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12.
On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking…
https://cryptoinsight.ae/ethereum-staking-deposits-dip-due-to-regulatory-pressure-and-shapella-upgrade/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $29,996.44 (6.1%)
Ethereum ~ $1,917.12 (3.1%)
Solana ~ $22.19 (9.5%)
Polkadot ~ $6.35 (2.8%)
Flow ~ $1.00 (2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $29,996.44 (6.1%)
Ethereum ~ $1,917.12 (3.1%)
Solana ~ $22.19 (9.5%)
Polkadot ~ $6.35 (2.8%)
Flow ~ $1.00 (2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin hits $30K to mark highest price since June 2022
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023.
Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023.
According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and…
https://cryptoinsight.ae/bitcoin-hits-30k-to-mark-highest-price-since-june-2022/
Website | Twitter | LinkedIn | Telegram
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023.
Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023.
According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and…
https://cryptoinsight.ae/bitcoin-hits-30k-to-mark-highest-price-since-june-2022/
Website | Twitter | LinkedIn | Telegram
New tax rules could mean a US exodus for crypto companies
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…
https://cryptoinsight.ae/new-tax-rules-could-mean-a-us-exodus-for-crypto-companies/
Website | Twitter | LinkedIn | Telegram
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…
https://cryptoinsight.ae/new-tax-rules-could-mean-a-us-exodus-for-crypto-companies/
Website | Twitter | LinkedIn | Telegram