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
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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
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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/
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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/
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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/
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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/
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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/
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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/
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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/
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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/
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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/
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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
The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?
Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend.
On May 6, Ethereum Foundation transferred nearly $30 million in Ether to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event.
ETH price fell 4.8% to $1,900…
https://cryptoinsight.ae/the-ethereum-foundation-just-sold-30m-in-ether-but-will-eth-price-fall-this-time/
Website | Twitter | LinkedIn | Telegram
Ethereum Foundation’s previous big sale of ETH preceded a bear market, but there’s little evidence that such sales affect the general market trend.
On May 6, Ethereum Foundation transferred nearly $30 million in Ether to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event.
ETH price fell 4.8% to $1,900…
https://cryptoinsight.ae/the-ethereum-foundation-just-sold-30m-in-ether-but-will-eth-price-fall-this-time/
Website | Twitter | LinkedIn | Telegram
Pepe’s sudden drop leaves whale 500k in the red
A memecoin whale who purchased roughly $3 million worth of the Pepe token just days ago is now sitting on an unrealized loss of around $600,000.
The price of new memecoin Pepe (PEPE) has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds…
https://cryptoinsight.ae/pepes-sudden-drop-leaves-whale-500k-in-the-red/
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A memecoin whale who purchased roughly $3 million worth of the Pepe token just days ago is now sitting on an unrealized loss of around $600,000.
The price of new memecoin Pepe (PEPE) has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds…
https://cryptoinsight.ae/pepes-sudden-drop-leaves-whale-500k-in-the-red/
Website | Twitter | LinkedIn | Telegram
Binance halts Bitcoin withdrawals for the second time in 12 hours
The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.”
Crypto exchange Binance halted Bitcoin withdrawals for the second time on May 8, citing a large backlog of pending withdrawals.
Binance tweeted on May 8 that it closed off BTC withdrawals “temporarily” as there was a “large volume…
https://cryptoinsight.ae/binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours/
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The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.”
Crypto exchange Binance halted Bitcoin withdrawals for the second time on May 8, citing a large backlog of pending withdrawals.
Binance tweeted on May 8 that it closed off BTC withdrawals “temporarily” as there was a “large volume…
https://cryptoinsight.ae/binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours/
Website | Twitter | LinkedIn | Telegram
Deloitte integrates blockchain for digital credentials
The credentials will “have multiple use cases,” including regulatory compliance for banking and decentralized finance, age verification for e-commerce, private logins and fundraising.
Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store verification credentials in a single digital wallet to streamline the “typically inefficient” verification processes.
In a May 4…
https://cryptoinsight.ae/deloitte-integrates-blockchain-for-digital-credentials/
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The credentials will “have multiple use cases,” including regulatory compliance for banking and decentralized finance, age verification for e-commerce, private logins and fundraising.
Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store verification credentials in a single digital wallet to streamline the “typically inefficient” verification processes.
In a May 4…
https://cryptoinsight.ae/deloitte-integrates-blockchain-for-digital-credentials/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $27,504.35 (-2.7%)
Ethereum ~ $1,835.52 (-1.7%)
Solana ~ $20.52 (-4.1%)
Polkadot ~ $5.36 (-1.8%)
Flow ~ $0.767930 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $27,504.35 (-2.7%)
Ethereum ~ $1,835.52 (-1.7%)
Solana ~ $20.52 (-4.1%)
Polkadot ~ $5.36 (-1.8%)
Flow ~ $0.767930 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ordinals inscriptions approach 4.8M, nearly doubling in just over a week
The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in 8 days.
The number of Ordinals inscriptions on the Bitcoin network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million in just the last eight days.
While the Ordinals protocol was initially used…
https://cryptoinsight.ae/ordinals-inscriptions-approach-4-8m-nearly-doubling-in-just-over-a-week/
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The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in 8 days.
The number of Ordinals inscriptions on the Bitcoin network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million in just the last eight days.
While the Ordinals protocol was initially used…
https://cryptoinsight.ae/ordinals-inscriptions-approach-4-8m-nearly-doubling-in-just-over-a-week/
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What are liquidity provider (LP) tokens, and how do they work?
What are LP tokens?
Liquidity providers deposit assets into a pool to facilitate trades on decentralized exchanges (DEXs) and automated market makers (AMMs) and receive liquidity pool tokens (LP) in return.
Liquidity pool tokens are also called liquidity provider tokens. They act as a receipt for the liquidity provider, who will use them to claim…
https://cryptoinsight.ae/what-are-liquidity-provider-lp-tokens-and-how-do-they-work/
Website | Twitter | LinkedIn | Telegram
What are LP tokens?
Liquidity providers deposit assets into a pool to facilitate trades on decentralized exchanges (DEXs) and automated market makers (AMMs) and receive liquidity pool tokens (LP) in return.
Liquidity pool tokens are also called liquidity provider tokens. They act as a receipt for the liquidity provider, who will use them to claim…
https://cryptoinsight.ae/what-are-liquidity-provider-lp-tokens-and-how-do-they-work/
Website | Twitter | LinkedIn | Telegram