ECB considers digital euro access, distribution in third design progress report
The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.
The European Central Bank (ECB) released its third progress report on digital euro design on April 24. This time the bank looked at access and distribution options that have been endorsed by the ECB’s Governing Council.
Convenience…
https://cryptoinsight.ae/ecb-considers-digital-euro-access-distribution-in-third-design-progress-report/
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The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.
The European Central Bank (ECB) released its third progress report on digital euro design on April 24. This time the bank looked at access and distribution options that have been endorsed by the ECB’s Governing Council.
Convenience…
https://cryptoinsight.ae/ecb-considers-digital-euro-access-distribution-in-third-design-progress-report/
Website | Twitter | LinkedIn | Telegram
Starknet Goals and Roadmap for 2023
This post will address Starknet’s roadmap for 2023 and provide color on the considerations driving it. The roadmap focuses on performance and UX.
We aim to provide the community with the transparency it needs, so we are sharing the roadmap as soon as possible. Naturally, sharing the roadmap early on also means things may change.
We would like to express our gratitude to Starknet’s developer community, and the Builders Council in particular, for providing invaluable insight...
https://cryptoinsight.ae/starknet-goals-and-roadmap-for-2023/
Website | Twitter | LinkedIn | Telegram
This post will address Starknet’s roadmap for 2023 and provide color on the considerations driving it. The roadmap focuses on performance and UX.
We aim to provide the community with the transparency it needs, so we are sharing the roadmap as soon as possible. Naturally, sharing the roadmap early on also means things may change.
We would like to express our gratitude to Starknet’s developer community, and the Builders Council in particular, for providing invaluable insight...
https://cryptoinsight.ae/starknet-goals-and-roadmap-for-2023/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 3.0% change in the last 24 hours
Bitcoin ~ $28,437.03 (3.6%)
Ethereum ~ $1,869.07 (2.1%)
Solana ~ $22.04 (4.5%)
Polkadot ~ $6.03 (2.5%)
Flow ~ $0.904980 (2.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 3.0% change in the last 24 hours
Bitcoin ~ $28,437.03 (3.6%)
Ethereum ~ $1,869.07 (2.1%)
Solana ~ $22.04 (4.5%)
Polkadot ~ $6.03 (2.5%)
Flow ~ $0.904980 (2.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin price jumps in the wake of First Republic Bank price crash
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more…
https://cryptoinsight.ae/bitcoin-price-jumps-in-the-wake-of-first-republic-bank-price-crash/
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The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more…
https://cryptoinsight.ae/bitcoin-price-jumps-in-the-wake-of-first-republic-bank-price-crash/
Website | Twitter | LinkedIn | Telegram
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new…
https://cryptoinsight.ae/stablecoin-payments-visa-shares-plans-for-ambitious-crypto-product/
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Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.
Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new…
https://cryptoinsight.ae/stablecoin-payments-visa-shares-plans-for-ambitious-crypto-product/
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CFTC proposes reducing anonymity to manage risks
Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero has urged crypto companies to verify the digital identity of users, saying that Congress is considering new laws addressing anonymity and digital identity.
A commissioner of the United States Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means…
https://cryptoinsight.ae/cftc-proposes-reducing-anonymity-to-manage-risks/
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Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero has urged crypto companies to verify the digital identity of users, saying that Congress is considering new laws addressing anonymity and digital identity.
A commissioner of the United States Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means…
https://cryptoinsight.ae/cftc-proposes-reducing-anonymity-to-manage-risks/
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UK financial watchdog to crypto industry: ‘Let’s work together’
The Financial Conduct Authority wants input from crypto companies on moving forward with regulations.
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), wants to work together with crypto companies to develop a regulatory framework for the industry.
On April 25, FCA Executive Director Sarah Pritchard spoke at London’s City Week conference highlighting the…
https://cryptoinsight.ae/uk-financial-watchdog-to-crypto-industry-lets-work-together/
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The Financial Conduct Authority wants input from crypto companies on moving forward with regulations.
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), wants to work together with crypto companies to develop a regulatory framework for the industry.
On April 25, FCA Executive Director Sarah Pritchard spoke at London’s City Week conference highlighting the…
https://cryptoinsight.ae/uk-financial-watchdog-to-crypto-industry-lets-work-together/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $29,081.29 (2.1%)
Ethereum ~ $1,901.05 (1.7%)
Solana ~ $21.76 (-1.3%)
Polkadot ~ $5.93 (-1.7%)
Flow ~ $0.891264 (-1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $29,081.29 (2.1%)
Ethereum ~ $1,901.05 (1.7%)
Solana ~ $21.76 (-1.3%)
Polkadot ~ $5.93 (-1.7%)
Flow ~ $0.891264 (-1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hong Kong security regulator to issue crypto license guidelines in May
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.
The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month.
The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia…
https://cryptoinsight.ae/hong-kong-security-regulator-to-issue-crypto-license-guidelines-in-may/
Website | Twitter | LinkedIn | Telegram
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung.
The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month.
The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia…
https://cryptoinsight.ae/hong-kong-security-regulator-to-issue-crypto-license-guidelines-in-may/
Website | Twitter | LinkedIn | Telegram
One crypto wallet launched 114 dodgy memecoins in two months
According to ZachXBT, one alleged scammer in particular launched around 114 projects in the past 45 days alone.
Crypto scammers have been ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths.
According to research from blockchain sleuths ZachXBT, one address, in particular, has launched “114 memecoin scams” in…
https://cryptoinsight.ae/one-crypto-wallet-launched-114-dodgy-memecoins-in-two-months/
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According to ZachXBT, one alleged scammer in particular launched around 114 projects in the past 45 days alone.
Crypto scammers have been ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths.
According to research from blockchain sleuths ZachXBT, one address, in particular, has launched “114 memecoin scams” in…
https://cryptoinsight.ae/one-crypto-wallet-launched-114-dodgy-memecoins-in-two-months/
Website | Twitter | LinkedIn | Telegram
Metaverse division’s $4B loss drags on positive first quarter for Meta
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.
Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire, which posted a final profit of $5.7 billion.
While the $4 billion loss follows a…
https://cryptoinsight.ae/metaverse-divisions-4b-loss-drags-on-positive-first-quarter-for-meta/
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Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.
Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire, which posted a final profit of $5.7 billion.
While the $4 billion loss follows a…
https://cryptoinsight.ae/metaverse-divisions-4b-loss-drags-on-positive-first-quarter-for-meta/
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Web3 social media protocol launches ‘layer 3’ to provide instant posts
The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data.
The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments…
https://cryptoinsight.ae/web3-social-media-protocol-launches-layer-3-to-provide-instant-posts/
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The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data.
The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments…
https://cryptoinsight.ae/web3-social-media-protocol-launches-layer-3-to-provide-instant-posts/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $29,467.99 (1.5%)
Ethereum ~ $1,914.57 (0.8%)
Solana ~ $22.37 (2.8%)
Polkadot ~ $5.93 (-0.1%)
Flow ~ $0.898640 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $29,467.99 (1.5%)
Ethereum ~ $1,914.57 (0.8%)
Solana ~ $22.37 (2.8%)
Polkadot ~ $5.93 (-0.1%)
Flow ~ $0.898640 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Phantom Wallet CEO explains why wallets must move to be multichain
Phantom Wallet CEO Brandon Millman argues airdrops may not be worth the hype and self-custody wallets are not off the hook regarding regulation.
Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to…
https://cryptoinsight.ae/phantom-wallet-ceo-explains-why-wallets-must-move-to-be-multichain/
Website | Twitter | LinkedIn | Telegram
Phantom Wallet CEO Brandon Millman argues airdrops may not be worth the hype and self-custody wallets are not off the hook regarding regulation.
Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to…
https://cryptoinsight.ae/phantom-wallet-ceo-explains-why-wallets-must-move-to-be-multichain/
Website | Twitter | LinkedIn | Telegram
UK Treasury seeks input on taxing DeFi staking and lending
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.
The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.
An…
https://cryptoinsight.ae/uk-treasury-seeks-input-on-taxing-defi-staking-and-lending/
Website | Twitter | LinkedIn | Telegram
The proposed regulatory changes seek to simplify how DeFi returns are taxed and reduce the “administrative burden” for taxpayers.
The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.
An…
https://cryptoinsight.ae/uk-treasury-seeks-input-on-taxing-defi-staking-and-lending/
Website | Twitter | LinkedIn | Telegram
Ex-CFO that stole $5M to trade crypto and ‘meme stocks’ gets 3 years prison
Cooper Morgenthau embezzled $5 million from three different companies and lost almost all of it trading cryptocurrencies and “meme stocks.”
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks.”
An April 27 press release…
https://cryptoinsight.ae/ex-cfo-that-stole-5m-to-trade-crypto-and-meme-stocks-gets-3-years-prison/
Website | Twitter | LinkedIn | Telegram
Cooper Morgenthau embezzled $5 million from three different companies and lost almost all of it trading cryptocurrencies and “meme stocks.”
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks.”
An April 27 press release…
https://cryptoinsight.ae/ex-cfo-that-stole-5m-to-trade-crypto-and-meme-stocks-gets-3-years-prison/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $29,389.36 (-0.3%)
Ethereum ~ $1,903.43 (-0.6%)
Solana ~ $23.28 (3.9%)
Polkadot ~ $5.98 (0.7%)
Flow ~ $0.910175 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $29,389.36 (-0.3%)
Ethereum ~ $1,903.43 (-0.6%)
Solana ~ $23.28 (3.9%)
Polkadot ~ $5.98 (0.7%)
Flow ~ $0.910175 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Mastercard launches Web3 user verification solution to curb bad actors
Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company.
Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space.
The solution is dubbed the “Mastercard Crypto Credential”…
https://cryptoinsight.ae/mastercard-launches-web3-user-verification-solution-to-curb-bad-actors/
Website | Twitter | LinkedIn | Telegram
Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company.
Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space.
The solution is dubbed the “Mastercard Crypto Credential”…
https://cryptoinsight.ae/mastercard-launches-web3-user-verification-solution-to-curb-bad-actors/
Website | Twitter | LinkedIn | Telegram
Congressman McHenry announces hearings to address market structure around crypto
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market…
https://cryptoinsight.ae/congressman-mchenry-announces-hearings-to-address-market-structure-around-crypto/
Website | Twitter | LinkedIn | Telegram
Patrick McHenry suggested that the hearings will look to add to the regulatory efforts being done on the bipartisan bill led by Senator Cynthia Lummis and Senator Kirsten Gillibrand.
Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market…
https://cryptoinsight.ae/congressman-mchenry-announces-hearings-to-address-market-structure-around-crypto/
Website | Twitter | LinkedIn | Telegram
Where crypto can grow: Digital asset regulations around the worl
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.
As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…
https://cryptoinsight.ae/where-crypto-can-grow-digital-asset-regulations-around-the-worl/
Website | Twitter | LinkedIn | Telegram
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.
As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…
https://cryptoinsight.ae/where-crypto-can-grow-digital-asset-regulations-around-the-worl/
Website | Twitter | LinkedIn | Telegram