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/
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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/
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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/
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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
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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/
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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/
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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
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $29,209.57 (0.2%)
Ethereum ~ $1,899.16 (-0.1%)
Solana ~ $21.78 (-2.2%)
Polkadot ~ $5.73 (-0.5%)
Flow ~ $0.875846 (-2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $29,209.57 (0.2%)
Ethereum ~ $1,899.16 (-0.1%)
Solana ~ $21.78 (-2.2%)
Polkadot ~ $5.73 (-0.5%)
Flow ~ $0.875846 (-2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
How does quantum computing impact the finance industry?
How does quantum computing help the finance industry?
QCs are only in the developmental stage; experiments are already showing their great potential in the finance industry.
Based on the World Economic Forum’s estimate from 2022, national governments have invested more than $25 billion in quantum computing research, and over $1 billion in venture capital deals…
https://cryptoinsight.ae/how-does-quantum-computing-impact-the-finance-industry/
Website | Twitter | LinkedIn | Telegram
How does quantum computing help the finance industry?
QCs are only in the developmental stage; experiments are already showing their great potential in the finance industry.
Based on the World Economic Forum’s estimate from 2022, national governments have invested more than $25 billion in quantum computing research, and over $1 billion in venture capital deals…
https://cryptoinsight.ae/how-does-quantum-computing-impact-the-finance-industry/
Website | Twitter | LinkedIn | Telegram
Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.
Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in Bitcoin revenue on its bellwether product Cash App in Q1.
According to a shareholder letter announcing its Q1 2023…
https://cryptoinsight.ae/cash-app-bitcoin-revenue-tops-2-billion-in-the-first-quarter/
Website | Twitter | LinkedIn | Telegram
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.
Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in Bitcoin revenue on its bellwether product Cash App in Q1.
According to a shareholder letter announcing its Q1 2023…
https://cryptoinsight.ae/cash-app-bitcoin-revenue-tops-2-billion-in-the-first-quarter/
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Coinbase remains ‘100% committed’ to US market: Armstrong
The Coinbase CEO has a lot of faith that Congress will make a “clear rule book” for crypto firms to follow. But the Securities and Exchange Commission? Not so much.
United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings…
https://cryptoinsight.ae/coinbase-remains-100-committed-to-us-market-armstrong/
Website | Twitter | LinkedIn | Telegram
The Coinbase CEO has a lot of faith that Congress will make a “clear rule book” for crypto firms to follow. But the Securities and Exchange Commission? Not so much.
United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings…
https://cryptoinsight.ae/coinbase-remains-100-committed-to-us-market-armstrong/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $29,388.72 (0.6%)
Ethereum ~ $1,964.64 (3.5%)
Solana ~ $22.71 (4.2%)
Polkadot ~ $5.79 (0.9%)
Flow ~ $0.872183 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $29,388.72 (0.6%)
Ethereum ~ $1,964.64 (3.5%)
Solana ~ $22.71 (4.2%)
Polkadot ~ $5.79 (0.9%)
Flow ~ $0.872183 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Memecoin mania: Social relevance, speculation drives PEPE surge
Memecoins are back in the headlines as PEPE booms, taking the market capitalization of speculative tokens over $20 billion.
Memecoins have been part and parcel of the cryptocurrency space since the inception of Dogecoin back in 2013, with fortunes made and ruined in equal measure. But a new token on the block caused a stir…
https://cryptoinsight.ae/memecoin-mania-social-relevance-speculation-drives-pepe-surge/
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Memecoins are back in the headlines as PEPE booms, taking the market capitalization of speculative tokens over $20 billion.
Memecoins have been part and parcel of the cryptocurrency space since the inception of Dogecoin back in 2013, with fortunes made and ruined in equal measure. But a new token on the block caused a stir…
https://cryptoinsight.ae/memecoin-mania-social-relevance-speculation-drives-pepe-surge/
Website | Twitter | LinkedIn | Telegram
RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
The U.S. presidential candidate has added anti-CBDC to his anti-establishment, anti-vaccination repertoire and has gained double-digit support among Democrats.
Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency.
Kennedy criticized…
https://cryptoinsight.ae/rfk-jr-elaborates-position-on-cbdc-crypto-it-isnt-just-criminals-who-want-privacy/
Website | Twitter | LinkedIn | Telegram
The U.S. presidential candidate has added anti-CBDC to his anti-establishment, anti-vaccination repertoire and has gained double-digit support among Democrats.
Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency.
Kennedy criticized…
https://cryptoinsight.ae/rfk-jr-elaborates-position-on-cbdc-crypto-it-isnt-just-criminals-who-want-privacy/
Website | Twitter | LinkedIn | Telegram
Liquid staking solutions now have more TVL than DEXs: Finance Redefined
April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
April saw several hacks, exploits and…
https://cryptoinsight.ae/liquid-staking-solutions-now-have-more-tvl-than-dexs-finance-redefined/
Website | Twitter | LinkedIn | Telegram
April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
April saw several hacks, exploits and…
https://cryptoinsight.ae/liquid-staking-solutions-now-have-more-tvl-than-dexs-finance-redefined/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $28,941.70 (-1.5%)
Ethereum ~ $1,902.52 (-3.2%)
Solana ~ $21.98 (-3.2%)
Polkadot ~ $5.65 (-2.4%)
Flow ~ $0.848889 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $28,941.70 (-1.5%)
Ethereum ~ $1,902.52 (-3.2%)
Solana ~ $21.98 (-3.2%)
Polkadot ~ $5.65 (-2.4%)
Flow ~ $0.848889 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Stripe tackles ‘cold start problem’ with the launch of fiat-to-crypto onramp
Web3 companies can utilize the Stripe-hosted fiat-to-crypto onramp to allow their customers to buy crypto at the “precise moment they need it.”
Internet payment processor Stripe has introduced a fiat-to-crypto onramp to address the “cold start problem” faced by Web3 companies, as a result of customers not having “crypto in their wallets to carry out…
https://cryptoinsight.ae/stripe-tackles-cold-start-problem-with-the-launch-of-fiat-to-crypto-onramp/
Website | Twitter | LinkedIn | Telegram
Web3 companies can utilize the Stripe-hosted fiat-to-crypto onramp to allow their customers to buy crypto at the “precise moment they need it.”
Internet payment processor Stripe has introduced a fiat-to-crypto onramp to address the “cold start problem” faced by Web3 companies, as a result of customers not having “crypto in their wallets to carry out…
https://cryptoinsight.ae/stripe-tackles-cold-start-problem-with-the-launch-of-fiat-to-crypto-onramp/
Website | Twitter | LinkedIn | Telegram
DEUS Finance loses $6M following stablecoin hack
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on…
https://cryptoinsight.ae/deus-finance-loses-6m-following-stablecoin-hack/
Website | Twitter | LinkedIn | Telegram
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on…
https://cryptoinsight.ae/deus-finance-loses-6m-following-stablecoin-hack/
Website | Twitter | LinkedIn | Telegram
US Justice Department investigating Binance for violating Russian sanctions: Report
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports.
Binance is under investigation by the United States Department of Justice (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of U.S. sanctions, according to a report that appeared…
https://cryptoinsight.ae/us-justice-department-investigating-binance-for-violating-russian-sanctions-report/
Website | Twitter | LinkedIn | Telegram
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports.
Binance is under investigation by the United States Department of Justice (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of U.S. sanctions, according to a report that appeared…
https://cryptoinsight.ae/us-justice-department-investigating-binance-for-violating-russian-sanctions-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $28,252.99 (-2.4%)
Ethereum ~ $1,867.70 (-1.8%)
Solana ~ $21.38 (-2.7%)
Polkadot ~ $5.46 (-3.5%)
Flow ~ $0.805877 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $28,252.99 (-2.4%)
Ethereum ~ $1,867.70 (-1.8%)
Solana ~ $21.38 (-2.7%)
Polkadot ~ $5.46 (-3.5%)
Flow ~ $0.805877 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram