Hello there!
Day started from:
The global cryptocurrency market cap today is $1.33 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $30,232.71 (1.8%)
Ethereum ~ $2,083.11 (-0.5%)
Solana ~ $24.48 (-1.9%)
Polkadot ~ $6.85 (0.9%)
Flow ~ $1.04 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.33 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $30,232.71 (1.8%)
Ethereum ~ $2,083.11 (-0.5%)
Solana ~ $24.48 (-1.9%)
Polkadot ~ $6.85 (0.9%)
Flow ~ $1.04 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
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UAE’s federal financial regulator opens licensing applications for VASPs
Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator.
The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.
The…
https://cryptoinsight.ae/uaes-federal-financial-regulator-opens-licensing-applications-for-vasps/
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Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator.
The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.
The…
https://cryptoinsight.ae/uaes-federal-financial-regulator-opens-licensing-applications-for-vasps/
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Solana on-chain and derivatives data highlights the limitations of SOL’s potential price breakout
SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside.
Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by the Solana blockchain and the retail trading debut of Grayscale Solana Trust shares.
The developments, along with bullishness in…
https://cryptoinsight.ae/solana-on-chain-and-derivatives-data-highlights-the-limitations-of-sols-potential-price-breakout/
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SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside.
Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by the Solana blockchain and the retail trading debut of Grayscale Solana Trust shares.
The developments, along with bullishness in…
https://cryptoinsight.ae/solana-on-chain-and-derivatives-data-highlights-the-limitations-of-sols-potential-price-breakout/
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Tribe Capital considers reviving bankrupt crypto exchange FTX: Report
The venture capital company is reportedly considering spearheading a fundraising campaign to raise $250 million to revive FTX.
Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.
The venture…
https://cryptoinsight.ae/tribe-capital-considers-reviving-bankrupt-crypto-exchange-ftx-report/
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The venture capital company is reportedly considering spearheading a fundraising campaign to raise $250 million to revive FTX.
Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18.
The venture…
https://cryptoinsight.ae/tribe-capital-considers-reviving-bankrupt-crypto-exchange-ftx-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a -4.6% change in the last 24 hours
Bitcoin ~ $28,843.68 (-4.6%)
Ethereum ~ $1,950.76 (-6.6%)
Solana ~ $22.69 (-7.9%)
Polkadot ~ $6.39 (-7.0%)
Flow ~ $0.952346 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a -4.6% change in the last 24 hours
Bitcoin ~ $28,843.68 (-4.6%)
Ethereum ~ $1,950.76 (-6.6%)
Solana ~ $22.69 (-7.9%)
Polkadot ~ $6.39 (-7.0%)
Flow ~ $0.952346 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
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Subway-themed trading bot makes millions using ‘sandwich’ attacks
The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000.
An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins.
The wallet address, linked to the Ethereum Name Service (ENS)…
https://cryptoinsight.ae/subway-themed-trading-bot-makes-millions-using-sandwich-attacks/
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The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000.
An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins.
The wallet address, linked to the Ethereum Name Service (ENS)…
https://cryptoinsight.ae/subway-themed-trading-bot-makes-millions-using-sandwich-attacks/
Website | Twitter | LinkedIn | Telegram
Connecting DeFi: How multichain token systems can improve liquidity
Multichain token systems can move tokens between different blockchains, allowing users to access liquidity across multiple markets.
Digital assets are typically restricted to their native blockchain networks, and existing methods of transferring tokens from one blockchain network to another are highly vulnerable to hacking or involve using a trusted third party.
However, multichain tokens enable…
https://cryptoinsight.ae/connecting-defi-how-multichain-token-systems-can-improve-liquidity/
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Multichain token systems can move tokens between different blockchains, allowing users to access liquidity across multiple markets.
Digital assets are typically restricted to their native blockchain networks, and existing methods of transferring tokens from one blockchain network to another are highly vulnerable to hacking or involve using a trusted third party.
However, multichain tokens enable…
https://cryptoinsight.ae/connecting-defi-how-multichain-token-systems-can-improve-liquidity/
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DePIN will become one of this decade’s most important crypto investments
Decentralized physical infrastructure is offering the most real-world implementations for blockchain technology to date.
The advent of blockchain technology has revolutionized several industries, ranging from finance (DeFi) and gaming (GameFi) to Web2 brands such as Nike for digital fashion and Starbucks for Web3 customer loyalty. However, one area that has remained essentially unchanged is physical…
https://cryptoinsight.ae/depin-will-become-one-of-this-decades-most-important-crypto-investments/
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Decentralized physical infrastructure is offering the most real-world implementations for blockchain technology to date.
The advent of blockchain technology has revolutionized several industries, ranging from finance (DeFi) and gaming (GameFi) to Web2 brands such as Nike for digital fashion and Starbucks for Web3 customer loyalty. However, one area that has remained essentially unchanged is physical…
https://cryptoinsight.ae/depin-will-become-one-of-this-decades-most-important-crypto-investments/
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Crypto financial services provider Januar receives full Danish payments license
The Danish startup founded by former Chainalysis staff helps crypto companies find banking services by connecting them to IBAN infrastructure.
Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area…
https://cryptoinsight.ae/crypto-financial-services-provider-januar-receives-full-danish-payments-license/
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The Danish startup founded by former Chainalysis staff helps crypto companies find banking services by connecting them to IBAN infrastructure.
Danish startup Januar announced April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area…
https://cryptoinsight.ae/crypto-financial-services-provider-januar-receives-full-danish-payments-license/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $28,171.85 (-2.9%)
Ethereum ~ $1,931.73 (-1.6%)
Solana ~ $22.24 (-3.2%)
Polkadot ~ $6.10 (-5.1%)
Flow ~ $0.952346 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $28,171.85 (-2.9%)
Ethereum ~ $1,931.73 (-1.6%)
Solana ~ $22.24 (-3.2%)
Polkadot ~ $6.10 (-5.1%)
Flow ~ $0.952346 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Researchers find cryptocurrency ‘signatures of maturity’ similar to equities market
Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities.
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market.
Dubbed “Collective dynamics, diversification and optimal…
https://cryptoinsight.ae/researchers-find-cryptocurrency-signatures-of-maturity-similar-to-equities-market/
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Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities.
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market.
Dubbed “Collective dynamics, diversification and optimal…
https://cryptoinsight.ae/researchers-find-cryptocurrency-signatures-of-maturity-similar-to-equities-market/
Website | Twitter | LinkedIn | Telegram
Blockchains like Solana brag about ‘speed’ — but it’s misleading
Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security.
The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to…
https://cryptoinsight.ae/blockchains-like-solana-brag-about-speed-but-its-misleading/
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Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security.
The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to…
https://cryptoinsight.ae/blockchains-like-solana-brag-about-speed-but-its-misleading/
Website | Twitter | LinkedIn | Telegram
Former Ethereum miner CoreWeave raises $221M in Series B
The company ceased its Ether mining operations long before the Merge Upgrade was completed.
On April 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.
The raise was led by Magnetar…
https://cryptoinsight.ae/former-ethereum-miner-coreweave-raises-221m-in-series-b/
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The company ceased its Ether mining operations long before the Merge Upgrade was completed.
On April 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.
The raise was led by Magnetar…
https://cryptoinsight.ae/former-ethereum-miner-coreweave-raises-221m-in-series-b/
Website | Twitter | LinkedIn | Telegram
‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism
Some pundits shared harsh sentiment toward a new euro-pegged stablecoin, but it’s not publicly accessible for the time being.
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.
French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20,…
https://cryptoinsight.ae/worst-code-ive-ever-seen-euro-stablecoin-faces-centralization-criticism/
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Some pundits shared harsh sentiment toward a new euro-pegged stablecoin, but it’s not publicly accessible for the time being.
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.
French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20,…
https://cryptoinsight.ae/worst-code-ive-ever-seen-euro-stablecoin-faces-centralization-criticism/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $27,374.48 (-3.0%)
Ethereum ~ $1,858.83 (-3.8%)
Solana ~ $21.42 (-3.2%)
Polkadot ~ $6.10 (-3.7%)
Flow ~ $0.911073 (-3.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $27,374.48 (-3.0%)
Ethereum ~ $1,858.83 (-3.8%)
Solana ~ $21.42 (-3.2%)
Polkadot ~ $6.10 (-3.7%)
Flow ~ $0.911073 (-3.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Innovate some compliance mechanisms, US Treasury official tells DeFi community
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance.
The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience…
https://cryptoinsight.ae/innovate-some-compliance-mechanisms-us-treasury-official-tells-defi-community/
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Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance.
The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience…
https://cryptoinsight.ae/innovate-some-compliance-mechanisms-us-treasury-official-tells-defi-community/
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Ethereum is going to transform investing
Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools.
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two…
https://cryptoinsight.ae/ethereum-is-going-to-transform-investing/
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Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools.
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two…
https://cryptoinsight.ae/ethereum-is-going-to-transform-investing/
Website | Twitter | LinkedIn | Telegram
VC funding into Web3 start-ups down 82% year-over-year: Crunchbase
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.”
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.
Crunchbase News…
https://cryptoinsight.ae/vc-funding-into-web3-start-ups-down-82-year-over-year-crunchbase/
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Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.”
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.
Crunchbase News…
https://cryptoinsight.ae/vc-funding-into-web3-start-ups-down-82-year-over-year-crunchbase/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $27,626.95 (1.1%)
Ethereum ~ $1,868.51 (0.7%)
Solana ~ $21.99 (2.9%)
Polkadot ~ $5.95 (0.7%)
Flow ~ $0.919618 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $27,626.95 (1.1%)
Ethereum ~ $1,868.51 (0.7%)
Solana ~ $21.99 (2.9%)
Polkadot ~ $5.95 (0.7%)
Flow ~ $0.919618 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Unlocking agriculture’s full potential with blockchain and innovative tech
Blockchain is reshaping the agricultural industry by increasing transparency, traceability and efficiency in supply chain management and compliance.
Blockchain has been recognized for its potential to transform finance and other industries that rely on data, but what happens when innovation meets the world’s oldest industry — agriculture? It turns out that blockchain has a lot…
https://cryptoinsight.ae/unlocking-agricultures-full-potential-with-blockchain-and-innovative-tech/
Website | Twitter | LinkedIn | Telegram
Blockchain is reshaping the agricultural industry by increasing transparency, traceability and efficiency in supply chain management and compliance.
Blockchain has been recognized for its potential to transform finance and other industries that rely on data, but what happens when innovation meets the world’s oldest industry — agriculture? It turns out that blockchain has a lot…
https://cryptoinsight.ae/unlocking-agricultures-full-potential-with-blockchain-and-innovative-tech/
Website | Twitter | LinkedIn | Telegram