Pepe would be ashamed by PEPE investors
Death threats, viral rap videos and a stream of frog-themed insults. That’s the state of my social media profiles after hosting a Twitter Space on May 8 about PEPE, the new token based on the “Pepe” meme.
Poignantly hosted during a monumental PEPE price crash, Cointelegraph set out in the May 8 Twitter Space to…
https://cryptoinsight.ae/pepe-would-be-ashamed-by-pepe-investors/
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Death threats, viral rap videos and a stream of frog-themed insults. That’s the state of my social media profiles after hosting a Twitter Space on May 8 about PEPE, the new token based on the “Pepe” meme.
Poignantly hosted during a monumental PEPE price crash, Cointelegraph set out in the May 8 Twitter Space to…
https://cryptoinsight.ae/pepe-would-be-ashamed-by-pepe-investors/
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Memecoins are like Powerball for crypto fans: Matrixport exec
For a lucky few, memecoins can provide a “path to wealth,” but for others, they’re simply a “risky gamble,” Matrixport’s Markus Thielen tells Cointelegraph.
Memecoin buyers are playing the crypto-equivalent of Powerball — with many “playing” in the hopes of scoring “life-changing money,” yet only a few will walk away with the jackpot, says Matrixport’s…
https://cryptoinsight.ae/memecoins-are-like-powerball-for-crypto-fans-matrixport-exec/
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For a lucky few, memecoins can provide a “path to wealth,” but for others, they’re simply a “risky gamble,” Matrixport’s Markus Thielen tells Cointelegraph.
Memecoin buyers are playing the crypto-equivalent of Powerball — with many “playing” in the hopes of scoring “life-changing money,” yet only a few will walk away with the jackpot, says Matrixport’s…
https://cryptoinsight.ae/memecoins-are-like-powerball-for-crypto-fans-matrixport-exec/
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‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC’s lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities…
https://cryptoinsight.ae/the-secs-actions-have-crippled-a-nascent-industry-paradigm-requests-amicus-brief-for-coinbase/
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According to Paradigm, the SEC’s lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities…
https://cryptoinsight.ae/the-secs-actions-have-crippled-a-nascent-industry-paradigm-requests-amicus-brief-for-coinbase/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $26,764.53 (1.4%)
Ethereum ~ $1,799.32 (2.2%)
Solana ~ $21.03 (4.8%)
Polkadot ~ $5.36 (3.0%)
Flow ~ $0.748445 (1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $26,764.53 (1.4%)
Ethereum ~ $1,799.32 (2.2%)
Solana ~ $21.03 (4.8%)
Polkadot ~ $5.36 (3.0%)
Flow ~ $0.748445 (1.8%)
Follow and subscribe - @GulfCryptoInsight
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The US should promote USDC — before it’s too late
USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.
Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every…
https://cryptoinsight.ae/the-us-should-promote-usdc-before-its-too-late/
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USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.
Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every…
https://cryptoinsight.ae/the-us-should-promote-usdc-before-its-too-late/
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LG Electronics files patent for NFT-trading TV
The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs).
The information was published on WIPO’s global database for intellectual…
https://cryptoinsight.ae/lg-electronics-files-patent-for-nft-trading-tv/
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The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs).
The information was published on WIPO’s global database for intellectual…
https://cryptoinsight.ae/lg-electronics-files-patent-for-nft-trading-tv/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $26,859.16 (0.4%)
Ethereum ~ $1,808.46 (0.5%)
Solana ~ $21.14 (0.3%)
Polkadot ~ $5.38 (0.4%)
Flow ~ $0.754548 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $26,859.16 (0.4%)
Ethereum ~ $1,808.46 (0.5%)
Solana ~ $21.14 (0.3%)
Polkadot ~ $5.38 (0.4%)
Flow ~ $0.754548 (0.8%)
Follow and subscribe - @GulfCryptoInsight
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BTC price bounces at $25.8K lows amid warning over low whale interest
Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future.
Bitcoin sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows.
Traders: BTC price must retain $26,500
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash…
https://cryptoinsight.ae/btc-price-bounces-at-25-8k-lows-amid-warning-over-low-whale-interest/
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Bitcoin traders line up “safe” support levels, but order book data makes one observer uneasy about the future.
Bitcoin sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows.
Traders: BTC price must retain $26,500
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash…
https://cryptoinsight.ae/btc-price-bounces-at-25-8k-lows-amid-warning-over-low-whale-interest/
Website | Twitter | LinkedIn | Telegram
Ethereum’s Beacon Chain is updated after finality issues
Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain serves as the consensus layer for…
https://cryptoinsight.ae/ethereums-beacon-chain-is-updated-after-finality-issues/
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Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
Ethereum core developers rolled out patches for Prysm Labs and Teku clients as a response to two Beacon Chain finality issues within a 24-hour period. The Beacon Chain serves as the consensus layer for…
https://cryptoinsight.ae/ethereums-beacon-chain-is-updated-after-finality-issues/
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BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms is seeking to terminate “certain hosting agreements” with Rhodium Enterprises and be relieved of refunding any outstanding power credits.
Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged…
https://cryptoinsight.ae/btc-miner-rhodium-faces-lawsuit-over-an-alleged-26m-in-unpaid-fees-report/
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Crypto mining firm Riot Platforms is seeking to terminate “certain hosting agreements” with Rhodium Enterprises and be relieved of refunding any outstanding power credits.
Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged…
https://cryptoinsight.ae/btc-miner-rhodium-faces-lawsuit-over-an-alleged-26m-in-unpaid-fees-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.6% change in the last 24 hours
Bitcoin ~ $27,395.37 (2.1%)
Ethereum ~ $1,828.27 (1.2%)
Solana ~ $21.32 (0.8%)
Polkadot ~ $5.41 (0.5%)
Flow ~ $0.766696 (1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.6% change in the last 24 hours
Bitcoin ~ $27,395.37 (2.1%)
Ethereum ~ $1,828.27 (1.2%)
Solana ~ $21.32 (0.8%)
Polkadot ~ $5.41 (0.5%)
Flow ~ $0.766696 (1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.”
The United States government faces a “significant risk” of no longer meeting all of its financial obligations as early as June, as per a recent report.
According to a May 12 report published by…
https://cryptoinsight.ae/significant-risk-of-us-treasury-running-out-of-funds-soon-report/
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The United States Congressional Budget Office has predicted that the U.S. government’s annual deficits will “nearly double over the next decade.”
The United States government faces a “significant risk” of no longer meeting all of its financial obligations as early as June, as per a recent report.
According to a May 12 report published by…
https://cryptoinsight.ae/significant-risk-of-us-treasury-running-out-of-funds-soon-report/
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Can memecoins be used as real currency?
Are memecoins safe and reliable enough to be used as currency?
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight.
Memecoin proponents claim that because they are decentralized,…
https://cryptoinsight.ae/can-memecoins-be-used-as-real-currency/
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Are memecoins safe and reliable enough to be used as currency?
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight.
Memecoin proponents claim that because they are decentralized,…
https://cryptoinsight.ae/can-memecoins-be-used-as-real-currency/
Website | Twitter | LinkedIn | Telegram
US Justice Department on the hunt for DeFi hackers and thieves: Report
The US Justice Department’s top crypto cop said that it was a “pretty significant issue” given the rise of North Korean “state-sponsored hackers.”
The United States Justice Department’s crypto enforcement team is cracking down on Decentralized Finance (DeFi) hackers and exploiters, amid a four-year rise in illicit crypto activity.
In a Financial Times report published…
https://cryptoinsight.ae/us-justice-department-on-the-hunt-for-defi-hackers-and-thieves-report/
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The US Justice Department’s top crypto cop said that it was a “pretty significant issue” given the rise of North Korean “state-sponsored hackers.”
The United States Justice Department’s crypto enforcement team is cracking down on Decentralized Finance (DeFi) hackers and exploiters, amid a four-year rise in illicit crypto activity.
In a Financial Times report published…
https://cryptoinsight.ae/us-justice-department-on-the-hunt-for-defi-hackers-and-thieves-report/
Website | Twitter | LinkedIn | Telegram
Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
The seller even got help from Bitcoin founder Satoshi Nakamoto, though it’s still up in the air whether the artist actually made the “sale.”
Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza.
In a…
https://cryptoinsight.ae/primordial-nft-someone-tried-to-sell-a-jpeg-for-btc-months-before-bitcoin-pizza-day/
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The seller even got help from Bitcoin founder Satoshi Nakamoto, though it’s still up in the air whether the artist actually made the “sale.”
Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza.
In a…
https://cryptoinsight.ae/primordial-nft-someone-tried-to-sell-a-jpeg-for-btc-months-before-bitcoin-pizza-day/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $27,042.53 (-1.1%)
Ethereum ~ $1,809.83 (-0.8%)
Solana ~ $20.83 (-2.3%)
Polkadot ~ $5.27 (-2.3%)
Flow ~ $0.759374 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $27,042.53 (-1.1%)
Ethereum ~ $1,809.83 (-0.8%)
Solana ~ $20.83 (-2.3%)
Polkadot ~ $5.27 (-2.3%)
Flow ~ $0.759374 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Optimism’s major mainnet upgrade to Bedrock set for June 6
The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up.
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced…
https://cryptoinsight.ae/optimisms-major-mainnet-upgrade-to-bedrock-set-for-june-6/
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The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up.
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced…
https://cryptoinsight.ae/optimisms-major-mainnet-upgrade-to-bedrock-set-for-june-6/
Website | Twitter | LinkedIn | Telegram
Celsius moves $781M in stETH just as Lido withdrawals open
The bankrupt crypto lender has been moving its massive stash of staked Ethereum.
It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido, which has just enabled withdrawals.
On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked…
https://cryptoinsight.ae/celsius-moves-781m-in-steth-just-as-lido-withdrawals-open/
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The bankrupt crypto lender has been moving its massive stash of staked Ethereum.
It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido, which has just enabled withdrawals.
On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked…
https://cryptoinsight.ae/celsius-moves-781m-in-steth-just-as-lido-withdrawals-open/
Website | Twitter | LinkedIn | Telegram
What’s next for NFTs and Web3 in the age of the creator economy?
The advantage of Web3 is that it grants users ownership of their data. Creators will be able to treat their data as their own personal property and be paid for whatever content they create, and others consume.
A recent report from The Influencer’s Club suggests that the creator economy was worth over $100 billion in…
https://cryptoinsight.ae/whats-next-for-nfts-and-web3-in-the-age-of-the-creator-economy/
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The advantage of Web3 is that it grants users ownership of their data. Creators will be able to treat their data as their own personal property and be paid for whatever content they create, and others consume.
A recent report from The Influencer’s Club suggests that the creator economy was worth over $100 billion in…
https://cryptoinsight.ae/whats-next-for-nfts-and-web3-in-the-age-of-the-creator-economy/
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Tether boasts of its financial stability after strong profits, money moved out of banks
Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism.
Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest…
https://cryptoinsight.ae/tether-boasts-of-its-financial-stability-after-strong-profits-money-moved-out-of-banks/
Website | Twitter | LinkedIn | Telegram
Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism.
Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest…
https://cryptoinsight.ae/tether-boasts-of-its-financial-stability-after-strong-profits-money-moved-out-of-banks/
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