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/
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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/
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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/
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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/
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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/
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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/
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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 ~ $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
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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
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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/
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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/
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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/
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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/
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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/
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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
MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH.
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio…
https://cryptoinsight.ae/metamask-launches-new-fiat-purchase-function-for-cryptocurrency/
Website | Twitter | LinkedIn | Telegram
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH.
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio…
https://cryptoinsight.ae/metamask-launches-new-fiat-purchase-function-for-cryptocurrency/
Website | Twitter | LinkedIn | Telegram
Utility and long-term profits top reasons for NFT purchases: CoinGecko study
People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits.
Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab.
An April 10 CoinGecko report…
https://cryptoinsight.ae/utility-and-long-term-profits-top-reasons-for-nft-purchases-coingecko-study/
Website | Twitter | LinkedIn | Telegram
People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits.
Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab.
An April 10 CoinGecko report…
https://cryptoinsight.ae/utility-and-long-term-profits-top-reasons-for-nft-purchases-coingecko-study/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $29,937.42 (-0.2%)
Ethereum ~ $1,866.59 (-2.7%)
Solana ~ $22.83 (2.7%)
Polkadot ~ $6.27 (-1.9%)
Flow ~ $0.969092 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $29,937.42 (-0.2%)
Ethereum ~ $1,866.59 (-2.7%)
Solana ~ $22.83 (2.7%)
Polkadot ~ $6.27 (-1.9%)
Flow ~ $0.969092 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin continues to shine with 98% of inflows into crypto investment products
According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products.
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week,…
https://cryptoinsight.ae/bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products/
Website | Twitter | LinkedIn | Telegram
According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products.
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week,…
https://cryptoinsight.ae/bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products/
Website | Twitter | LinkedIn | Telegram