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/
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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/
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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/
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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/
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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/
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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%)
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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
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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/
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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/
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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/
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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/
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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/
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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/
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How can blockchain projects benefit from deploying their own DEX?
As the crypto industry relies on centralized exchanges, blockchain projects are exploring the benefits of DEX integration to regain control of their native tokens.
Cryptocurrency exchanges have been instrumental in the adoption of blockchain technology, but the industry has become too dependent on them. Today, the crypto industry is still geared toward exchanges and traders…
https://cryptoinsight.ae/how-can-blockchain-projects-benefit-from-deploying-their-own-dex/
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As the crypto industry relies on centralized exchanges, blockchain projects are exploring the benefits of DEX integration to regain control of their native tokens.
Cryptocurrency exchanges have been instrumental in the adoption of blockchain technology, but the industry has become too dependent on them. Today, the crypto industry is still geared toward exchanges and traders…
https://cryptoinsight.ae/how-can-blockchain-projects-benefit-from-deploying-their-own-dex/
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FDIC pins Signature Bank’s failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse.
Signature Bank…
https://cryptoinsight.ae/fdic-pins-signature-banks-failure-on-poor-governance-and-illiquidity/
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FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies.
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse.
Signature Bank…
https://cryptoinsight.ae/fdic-pins-signature-banks-failure-on-poor-governance-and-illiquidity/
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First Republic’s crisis is not an isolated incident: JPMorgan exec
The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”
An executive at J.P. Morgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB)…
https://cryptoinsight.ae/first-republics-crisis-is-not-an-isolated-incident-jpmorgan-exec/
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The chief investment officer of J.P. Morgan Asset Management said it would be “naive to say that this is just limited to First Republic.”
An executive at J.P. Morgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Banks (FHLB)…
https://cryptoinsight.ae/first-republics-crisis-is-not-an-isolated-incident-jpmorgan-exec/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -2.1% change in the last 24 hours
Bitcoin ~ $28,500.71 (-2.7%)
Ethereum ~ $1,847.29 (-3.0%)
Solana ~ $22.21 (-4.7%)
Polkadot ~ $5.84 (-3.1%)
Flow ~ $0.875797 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -2.1% change in the last 24 hours
Bitcoin ~ $28,500.71 (-2.7%)
Ethereum ~ $1,847.29 (-3.0%)
Solana ~ $22.21 (-4.7%)
Polkadot ~ $5.84 (-3.1%)
Flow ~ $0.875797 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
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Jack Dorsey’s nano Bitcoin mining chip heads to prototype
Block has completed the design of its new prototype ASIC chip that it says will fast-track its plan to bring an “open source” Bitcoin mining rig design to market.
Block, the financial services and technology company owned by former Twitter CEO Jack Dorsey, has announced it has completed the prototype design of its new five-nanometre…
https://cryptoinsight.ae/jack-dorseys-nano-bitcoin-mining-chip-heads-to-prototype/
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Block has completed the design of its new prototype ASIC chip that it says will fast-track its plan to bring an “open source” Bitcoin mining rig design to market.
Block, the financial services and technology company owned by former Twitter CEO Jack Dorsey, has announced it has completed the prototype design of its new five-nanometre…
https://cryptoinsight.ae/jack-dorseys-nano-bitcoin-mining-chip-heads-to-prototype/
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Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
A survey from the United States Financial Industry Regulatory Authority indicates that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.
Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to…
https://cryptoinsight.ae/friends-and-fomo-pushed-newbie-investors-to-buy-crypto-in-2022-survey/
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A survey from the United States Financial Industry Regulatory Authority indicates that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.
Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to…
https://cryptoinsight.ae/friends-and-fomo-pushed-newbie-investors-to-buy-crypto-in-2022-survey/
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Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios
According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.
A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios.
The crypto exchange’s head of business operations Conor Grogan,…
https://cryptoinsight.ae/coinbase-exec-uses-chatgpt-jailbreak-to-get-odds-on-wild-crypto-scenarios/
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According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.
A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios.
The crypto exchange’s head of business operations Conor Grogan,…
https://cryptoinsight.ae/coinbase-exec-uses-chatgpt-jailbreak-to-get-odds-on-wild-crypto-scenarios/
Website | Twitter | LinkedIn | Telegram
JPMorgan to acquire troubled First Republic Bank
Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
The American banking giant JPMorgan Chase is set to acquire First Republic Bank’s (FRB) assets after early efforts to rescue it failed. JPMorgan and multiple other banks submitted a…
https://cryptoinsight.ae/jpmorgan-to-acquire-troubled-first-republic-bank/
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Banking giant JPMorgan will take over the assets of the troubled First Republic Bank after its seizure by the California Department of Financial Protection and Innovation.
The American banking giant JPMorgan Chase is set to acquire First Republic Bank’s (FRB) assets after early efforts to rescue it failed. JPMorgan and multiple other banks submitted a…
https://cryptoinsight.ae/jpmorgan-to-acquire-troubled-first-republic-bank/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $28,018.12 (-1.7%)
Ethereum ~ $1,828.00 (-0.9%)
Solana ~ $21.85 (-1.5%)
Polkadot ~ $5.67 (-2.8%)
Flow ~ $0.842392 (-3.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $28,018.12 (-1.7%)
Ethereum ~ $1,828.00 (-0.9%)
Solana ~ $21.85 (-1.5%)
Polkadot ~ $5.67 (-2.8%)
Flow ~ $0.842392 (-3.7%)
Follow and subscribe - @GulfCryptoInsight
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More TPS, less gas: Ethereum L2 Starknet outlines performance upgrades
Starknet makes performance improvements a top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs.
Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum ecosystem.
Zero-knowledge (ZK) proofs have been key in the roll-out of…
https://cryptoinsight.ae/more-tps-less-gas-ethereum-l2-starknet-outlines-performance-upgrades/
Website | Twitter | LinkedIn | Telegram
Starknet makes performance improvements a top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs.
Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum ecosystem.
Zero-knowledge (ZK) proofs have been key in the roll-out of…
https://cryptoinsight.ae/more-tps-less-gas-ethereum-l2-starknet-outlines-performance-upgrades/
Website | Twitter | LinkedIn | Telegram
Bitcoin hash rates threaten blockchain decentralization
The blockchain industry is facing a massive power imbalance — just like the traditional finance industry.
Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditional transactional systems, including trust, security, decentralization and efficiency. Blockchain has…
https://cryptoinsight.ae/bitcoin-hash-rates-threaten-blockchain-decentralization/
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The blockchain industry is facing a massive power imbalance — just like the traditional finance industry.
Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditional transactional systems, including trust, security, decentralization and efficiency. Blockchain has…
https://cryptoinsight.ae/bitcoin-hash-rates-threaten-blockchain-decentralization/
Website | Twitter | LinkedIn | Telegram
Coinbase faces suit over alleged privacy violations in biometrics collection
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans.
Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.
A May 1 filing in a California District Court…
https://cryptoinsight.ae/coinbase-faces-suit-over-alleged-privacy-violations-in-biometrics-collection/
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The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans.
Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.
A May 1 filing in a California District Court…
https://cryptoinsight.ae/coinbase-faces-suit-over-alleged-privacy-violations-in-biometrics-collection/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $28,503.34 (1.9%)
Ethereum ~ $1,861.36 (1.8%)
Solana ~ $21.85 (0.1%)
Polkadot ~ $5.67 (0.0%)
Flow ~ $0.848649 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $28,503.34 (1.9%)
Ethereum ~ $1,861.36 (1.8%)
Solana ~ $21.85 (0.1%)
Polkadot ~ $5.67 (0.0%)
Flow ~ $0.848649 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram