US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed.
United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…
https://cryptoinsight.ae/us-needs-to-regulate-stablecoins-to-keep-a-strong-dollar-stellar-ceo/
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The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed.
United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…
https://cryptoinsight.ae/us-needs-to-regulate-stablecoins-to-keep-a-strong-dollar-stellar-ceo/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,110.76 (0.6%)
Ethereum ~ $1,920.32 (2.9%)
Solana ~ $24.00 (5.1%)
Polkadot ~ $6.43 (2.6%)
Flow ~ $0.985849 (1.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,110.76 (0.6%)
Ethereum ~ $1,920.32 (2.9%)
Solana ~ $24.00 (5.1%)
Polkadot ~ $6.43 (2.6%)
Flow ~ $0.985849 (1.7%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum’s Shapella hard fork executed on mainnet
After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet.
The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.
The long-awaited upgrade took effect at 10:27 pm UTC on…
https://cryptoinsight.ae/ethereums-shapella-hard-fork-executed-on-mainnet/
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After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet.
The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.
The long-awaited upgrade took effect at 10:27 pm UTC on…
https://cryptoinsight.ae/ethereums-shapella-hard-fork-executed-on-mainnet/
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LayerZero’s multichain ecosystem grows as airdrop hunters ramp up their efforts
Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop.
LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can…
https://cryptoinsight.ae/layerzeros-multichain-ecosystem-grows-as-airdrop-hunters-ramp-up-their-efforts/
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Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop.
LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can…
https://cryptoinsight.ae/layerzeros-multichain-ecosystem-grows-as-airdrop-hunters-ramp-up-their-efforts/
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Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode
The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position.
An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.…
https://cryptoinsight.ae/less-than-1-of-staked-eth-estimated-to-sell-after-shanghai-upgrade-glassnode/
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The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position.
An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.…
https://cryptoinsight.ae/less-than-1-of-staked-eth-estimated-to-sell-after-shanghai-upgrade-glassnode/
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Hong Kong virtual bank to offer crypto conversions and accounts: Report
The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.
ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
According to an April 12 Bloomberg report, the…
https://cryptoinsight.ae/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report/
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The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.
ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
According to an April 12 Bloomberg report, the…
https://cryptoinsight.ae/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.34 Trillion, a 4.5% change in the last 24 hours
Bitcoin ~ $30,821.02 (2.3%)
Ethereum ~ $2,119.45 (10.4%)
Solana ~ $25.30 (5.3%)
Polkadot ~ $6.80 (5.8%)
Flow ~ $1.05 (6.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.34 Trillion, a 4.5% change in the last 24 hours
Bitcoin ~ $30,821.02 (2.3%)
Ethereum ~ $2,119.45 (10.4%)
Solana ~ $25.30 (5.3%)
Polkadot ~ $6.80 (5.8%)
Flow ~ $1.05 (6.6%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin’s dominance knocked by ETH’s post-Shapella rally
In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%.
Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance.
According to data from the analysis site btctools.io Ether’s…
https://cryptoinsight.ae/bitcoins-dominance-knocked-by-eths-post-shapella-rally/
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In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%.
Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance.
According to data from the analysis site btctools.io Ether’s…
https://cryptoinsight.ae/bitcoins-dominance-knocked-by-eths-post-shapella-rally/
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Ethereum researcher says staking reveals IP address sparking privacy concerns
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information.
A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.…
https://cryptoinsight.ae/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns/
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A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information.
A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.…
https://cryptoinsight.ae/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns/
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DAOs can become a disaster more quickly than you think
Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning.
As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away…
https://cryptoinsight.ae/daos-can-become-a-disaster-more-quickly-than-you-think/
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Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning.
As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away…
https://cryptoinsight.ae/daos-can-become-a-disaster-more-quickly-than-you-think/
Website | Twitter | LinkedIn | Telegram
IMF to publish CBDC handbook in response to increasing demand for guidance
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.
With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…
https://cryptoinsight.ae/imf-to-publish-cbdc-handbook-in-response-to-increasing-demand-for-guidance/
Website | Twitter | LinkedIn | Telegram
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.
With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…
https://cryptoinsight.ae/imf-to-publish-cbdc-handbook-in-response-to-increasing-demand-for-guidance/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $30,452.43 (-1.4%)
Ethereum ~ $2,090.03 (10.4%)
Solana ~ $24.21 (-4.3%)
Polkadot ~ $6.68 (-2.0%)
Flow ~ $1.04 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $30,452.43 (-1.4%)
Ethereum ~ $2,090.03 (10.4%)
Solana ~ $24.21 (-4.3%)
Polkadot ~ $6.68 (-2.0%)
Flow ~ $1.04 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
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Moving beyond the blockchain trilemma: L1 vs. L2
To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together.
As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin. While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.
However, as…
https://cryptoinsight.ae/moving-beyond-the-blockchain-trilemma-l1-vs-l2/
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To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together.
As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin. While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.
However, as…
https://cryptoinsight.ae/moving-beyond-the-blockchain-trilemma-l1-vs-l2/
Website | Twitter | LinkedIn | Telegram
Chia Network says it submitted IPO registration to SEC after leadership shuffle
The green blockchain company revealed no details of the proposal; the new CEO said the IPO would probably occur next year.
The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of…
https://cryptoinsight.ae/chia-network-says-it-submitted-ipo-registration-to-sec-after-leadership-shuffle/
Website | Twitter | LinkedIn | Telegram
The green blockchain company revealed no details of the proposal; the new CEO said the IPO would probably occur next year.
The Chia Network blockchain said April 14 that it had submitted a proposal for an initial public offering (IPO) to the United States Securities and Exchange Commission (SEC). The size and price range of…
https://cryptoinsight.ae/chia-network-says-it-submitted-ipo-registration-to-sec-after-leadership-shuffle/
Website | Twitter | LinkedIn | Telegram
MetaMask third-party provider was hacked, exposing email addresses
The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023.
The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support…
https://cryptoinsight.ae/metamask-third-party-provider-was-hacked-exposing-email-addresses/
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The incident affected users who submitted a MetaMask customer service ticket between August 1, 2021 and February 10, 2023.
The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support…
https://cryptoinsight.ae/metamask-third-party-provider-was-hacked-exposing-email-addresses/
Website | Twitter | LinkedIn | Telegram
Crypto phishing attacks up by 40% in one year: Kaspersky
Russian cybersecurity and anti-virus provider Kaspersky detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021.
When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing.
Russian cybersecurity and…
https://cryptoinsight.ae/crypto-phishing-attacks-up-by-40-in-one-year-kaspersky/
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Russian cybersecurity and anti-virus provider Kaspersky detected 5,040,520 crypto phishing attacks in the year as compared to 3,596,437 in 2021.
When it comes to cryptocurrency-related cyberattacks, bad actors have seemingly reduced the use of traditional financial threats such as banking PC and mobile malware, and instead have shifted their focus to phishing.
Russian cybersecurity and…
https://cryptoinsight.ae/crypto-phishing-attacks-up-by-40-in-one-year-kaspersky/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.33 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $30,343.19 (-0.3%)
Ethereum ~ $2,098.90 (0.4%)
Solana ~ $24.34 (0.5%)
Polkadot ~ $6.80 (1.9%)
Flow ~ $1.06 (1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.33 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $30,343.19 (-0.3%)
Ethereum ~ $2,098.90 (0.4%)
Solana ~ $24.34 (0.5%)
Polkadot ~ $6.80 (1.9%)
Flow ~ $1.06 (1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval.
A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum’s DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after…
https://cryptoinsight.ae/arbitrum-proposal-to-return-700m-arb-fails-whale-calls-it-a-power-play/
Website | Twitter | LinkedIn | Telegram
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval.
A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum’s DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after…
https://cryptoinsight.ae/arbitrum-proposal-to-return-700m-arb-fails-whale-calls-it-a-power-play/
Website | Twitter | LinkedIn | Telegram
U.S. Congress to introduce new draft bill for stablecoins
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.
A new draft bill providing a framework for stablecoins in the United States was published on the…
https://cryptoinsight.ae/u-s-congress-to-introduce-new-draft-bill-for-stablecoins/
Website | Twitter | LinkedIn | Telegram
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.
A new draft bill providing a framework for stablecoins in the United States was published on the…
https://cryptoinsight.ae/u-s-congress-to-introduce-new-draft-bill-for-stablecoins/
Website | Twitter | LinkedIn | Telegram
BlockSec launches collaborative testing toolkit for private forked chains
With the toolkit, developers and security researchers can test, analyze and debug transactions via controlled private fork chains from the Ethereum mainnet.
Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet.
The developer and security…
https://cryptoinsight.ae/blocksec-launches-collaborative-testing-toolkit-for-private-forked-chains/
Website | Twitter | LinkedIn | Telegram
With the toolkit, developers and security researchers can test, analyze and debug transactions via controlled private fork chains from the Ethereum mainnet.
Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet.
The developer and security…
https://cryptoinsight.ae/blocksec-launches-collaborative-testing-toolkit-for-private-forked-chains/
Website | Twitter | LinkedIn | Telegram