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/
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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/
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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/
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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/
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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/
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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/
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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/
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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/
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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/
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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
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $29,984.33 (-1.4%)
Ethereum ~ $2,096.65 (-0.2%)
Solana ~ $25.50 (4.9%)
Polkadot ~ $6.71 (-1.3%)
Flow ~ $1.04 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $29,984.33 (-1.4%)
Ethereum ~ $2,096.65 (-0.2%)
Solana ~ $25.50 (4.9%)
Polkadot ~ $6.71 (-1.3%)
Flow ~ $1.04 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.
Recent turmoil in the banking sector has shown that Bitcoin and Ether can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest CEO Cathie Wood — butone…
https://cryptoinsight.ae/bitcoin-ether-are-like-gold-says-cathie-wood-but-ray-dalio-is-skeptical/
Website | Twitter | LinkedIn | Telegram
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.
Recent turmoil in the banking sector has shown that Bitcoin and Ether can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest CEO Cathie Wood — butone…
https://cryptoinsight.ae/bitcoin-ether-are-like-gold-says-cathie-wood-but-ray-dalio-is-skeptical/
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Blockchains need an interoperable standard to evolve, say crypto execs
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say.
Many expect there…
https://cryptoinsight.ae/blockchains-need-an-interoperable-standard-to-evolve-say-crypto-execs/
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Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say.
Many expect there…
https://cryptoinsight.ae/blockchains-need-an-interoperable-standard-to-evolve-say-crypto-execs/
Website | Twitter | LinkedIn | Telegram
Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH
Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%.
Over 1 million Ether worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months.…
https://cryptoinsight.ae/ether-hits-11-month-high-as-post-shapella-withdrawals-pass-1m-eth/
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Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%.
Over 1 million Ether worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months.…
https://cryptoinsight.ae/ether-hits-11-month-high-as-post-shapella-withdrawals-pass-1m-eth/
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Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority.
A “temperature check” proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community.
When voting closed on April 16 more than…
https://cryptoinsight.ae/aaves-proposal-to-launch-on-zkevm-passes-temperature-check-vote/
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A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority.
A “temperature check” proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community.
When voting closed on April 16 more than…
https://cryptoinsight.ae/aaves-proposal-to-launch-on-zkevm-passes-temperature-check-vote/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.31 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $29,558.12 (-1.5%)
Ethereum ~ $2,090.56 (-0.6%)
Solana ~ $24.76 (-2.9%)
Polkadot ~ $6.78 (0.7%)
Flow ~ $1.04 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.31 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $29,558.12 (-1.5%)
Ethereum ~ $2,090.56 (-0.6%)
Solana ~ $24.76 (-2.9%)
Polkadot ~ $6.78 (0.7%)
Flow ~ $1.04 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Tether market cap eyes record high after regaining 65% stablecoin dominance
The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle.
Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States.
On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just…
https://cryptoinsight.ae/tether-market-cap-eyes-record-high-after-regaining-65-stablecoin-dominance/
Website | Twitter | LinkedIn | Telegram
The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle.
Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States.
On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just…
https://cryptoinsight.ae/tether-market-cap-eyes-record-high-after-regaining-65-stablecoin-dominance/
Website | Twitter | LinkedIn | Telegram
Total Arbitrum accounts surpass 5M after airdrop hype: Report
The milestone was accomplished less than one month after a much-anticipated airdrop.
According to statistics compiled by user Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on April 17. Aside from individual addresses, there are now more than four million active accounts…
https://cryptoinsight.ae/total-arbitrum-accounts-surpass-5m-after-airdrop-hype-report/
Website | Twitter | LinkedIn | Telegram
The milestone was accomplished less than one month after a much-anticipated airdrop.
According to statistics compiled by user Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on April 17. Aside from individual addresses, there are now more than four million active accounts…
https://cryptoinsight.ae/total-arbitrum-accounts-surpass-5m-after-airdrop-hype-report/
Website | Twitter | LinkedIn | Telegram
Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market
A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level.
Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.
The report shows that the Long-Term Holder (LTH) supply is…
https://cryptoinsight.ae/bitcoin-on-chain-data-highlights-the-steps-btc-is-taking-to-exit-the-bear-market/
Website | Twitter | LinkedIn | Telegram
A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level.
Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.
The report shows that the Long-Term Holder (LTH) supply is…
https://cryptoinsight.ae/bitcoin-on-chain-data-highlights-the-steps-btc-is-taking-to-exit-the-bear-market/
Website | Twitter | LinkedIn | Telegram
Decentralized science is key to fixing academic research
Locked paywalls and high fees are defining characteristics of traditional academic research. DeSci can lower the barriers to access.
Academia and science are both in the throes of a crisis, marked by several inefficiencies directly impacting our scientific prowess and research capabilities. The subject of stagnation within universities and academic institutions is taboo, and there…
https://cryptoinsight.ae/decentralized-science-is-key-to-fixing-academic-research/
Website | Twitter | LinkedIn | Telegram
Locked paywalls and high fees are defining characteristics of traditional academic research. DeSci can lower the barriers to access.
Academia and science are both in the throes of a crisis, marked by several inefficiencies directly impacting our scientific prowess and research capabilities. The subject of stagnation within universities and academic institutions is taboo, and there…
https://cryptoinsight.ae/decentralized-science-is-key-to-fixing-academic-research/
Website | Twitter | LinkedIn | Telegram