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/
Website | Twitter | LinkedIn | Telegram
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/
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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/
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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/
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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/
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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
The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes
Investing in assets “outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
https://youtu.be/exx4XOzIAk0?list=TLGGU-8gFWuxsa4wMzA1MjAyMw
The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX.
According…
https://cryptoinsight.ae/the-average-persons-wealth-will-be-completely-destroyed-by-inflation-says-arthur-hayes/
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Investing in assets “outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
https://youtu.be/exx4XOzIAk0?list=TLGGU-8gFWuxsa4wMzA1MjAyMw
The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX.
According…
https://cryptoinsight.ae/the-average-persons-wealth-will-be-completely-destroyed-by-inflation-says-arthur-hayes/
Website | Twitter | LinkedIn | Telegram
Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
International Monetary Fund Managing Director Kristalina Georgieva says that wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund has claimed.
The IMF’s Kristalina Georgieva erred on the…
https://cryptoinsight.ae/retail-cbdcs-bring-unknown-consequences-to-financial-system-imf-director/
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International Monetary Fund Managing Director Kristalina Georgieva says that wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.”
A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund has claimed.
The IMF’s Kristalina Georgieva erred on the…
https://cryptoinsight.ae/retail-cbdcs-bring-unknown-consequences-to-financial-system-imf-director/
Website | Twitter | LinkedIn | Telegram
FBI, Ukraine seize 9 exchange domains on money laundering allegations
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.
Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.
According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of…
https://cryptoinsight.ae/fbi-ukraine-seize-9-exchange-domains-on-money-laundering-allegations/
Website | Twitter | LinkedIn | Telegram
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.
Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.
According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of…
https://cryptoinsight.ae/fbi-ukraine-seize-9-exchange-domains-on-money-laundering-allegations/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.9% change in the last 24 hours
Bitcoin ~ $29,106.03 (2.2%)
Ethereum ~ $1,900.75 (2.1%)
Solana ~ $22.28 (2.0%)
Polkadot ~ $5.78 (1.8%)
Flow ~ $0.900622 (6.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.9% change in the last 24 hours
Bitcoin ~ $29,106.03 (2.2%)
Ethereum ~ $1,900.75 (2.1%)
Solana ~ $22.28 (2.0%)
Polkadot ~ $5.78 (1.8%)
Flow ~ $0.900622 (6.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.
Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust…
https://cryptoinsight.ae/digitalization-wont-displace-commercial-bank-money-any-time-soon-moodys/
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Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.
Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust…
https://cryptoinsight.ae/digitalization-wont-displace-commercial-bank-money-any-time-soon-moodys/
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New Cosmos chain will use liquid staking tokens from other networks for security
Staked ETH, BNB, ATOM, SOL and MATIC will be usable on Tenet as “restakes” to gain further rewards.
A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from…
https://cryptoinsight.ae/new-cosmos-chain-will-use-liquid-staking-tokens-from-other-networks-for-security/
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Staked ETH, BNB, ATOM, SOL and MATIC will be usable on Tenet as “restakes” to gain further rewards.
A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from…
https://cryptoinsight.ae/new-cosmos-chain-will-use-liquid-staking-tokens-from-other-networks-for-security/
Website | Twitter | LinkedIn | Telegram
Will compromise on anonymous crypto appease US regulators, spur adoption?
Asking exchanges to identify users might seem like a minor inconvenience, but could it drive DeFi firms overseas, and would crypto users even care?
Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.
In the United States, the blockchain and cryptocurrency sector has…
https://cryptoinsight.ae/will-compromise-on-anonymous-crypto-appease-us-regulators-spur-adoption/
Website | Twitter | LinkedIn | Telegram
Asking exchanges to identify users might seem like a minor inconvenience, but could it drive DeFi firms overseas, and would crypto users even care?
Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.
In the United States, the blockchain and cryptocurrency sector has…
https://cryptoinsight.ae/will-compromise-on-anonymous-crypto-appease-us-regulators-spur-adoption/
Website | Twitter | LinkedIn | Telegram