Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $26,817.10 (-0.8%)
Ethereum ~ $1,811.12 (-0.2%)
Solana ~ $19.74 (-2.5%)
Polkadot ~ $5.30 (-1.7%)
Flow ~ $0.747610 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $26,817.10 (-0.8%)
Ethereum ~ $1,811.12 (-0.2%)
Solana ~ $19.74 (-2.5%)
Polkadot ~ $5.30 (-1.7%)
Flow ~ $0.747610 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest
Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern.
A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics,…
https://cryptoinsight.ae/bitcoin-ethereum-bears-are-back-in-control-two-derivative-metrics-suggest/
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Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern.
A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics,…
https://cryptoinsight.ae/bitcoin-ethereum-bears-are-back-in-control-two-derivative-metrics-suggest/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin warns against overloading Ethereum consensus
Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things.
Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum’s consensus past its core functions of validating blocks and securing the network.
Ethereum consensus is the process whereby blocks are validated by the proof-of-stake…
https://cryptoinsight.ae/vitalik-buterin-warns-against-overloading-ethereum-consensus/
Website | Twitter | LinkedIn | Telegram
Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things.
Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum’s consensus past its core functions of validating blocks and securing the network.
Ethereum consensus is the process whereby blocks are validated by the proof-of-stake…
https://cryptoinsight.ae/vitalik-buterin-warns-against-overloading-ethereum-consensus/
Website | Twitter | LinkedIn | Telegram
Here’s how to use DeFi on Bitcoin without ‘polluting’ the blockchain
Bitcoin ordinals or stamps have failed to provide an answer to Bitcoin’s DeFi problems.
Bitcoin is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and…
https://cryptoinsight.ae/heres-how-to-use-defi-on-bitcoin-without-polluting-the-blockchain/
Website | Twitter | LinkedIn | Telegram
Bitcoin ordinals or stamps have failed to provide an answer to Bitcoin’s DeFi problems.
Bitcoin is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and…
https://cryptoinsight.ae/heres-how-to-use-defi-on-bitcoin-without-polluting-the-blockchain/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $27,393.70 (2.3%)
Ethereum ~ $1,861.12 (3.2%)
Solana ~ $19.97 (1.9%)
Polkadot ~ $5.41 (2.4%)
Flow ~ $0.775083 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $27,393.70 (2.3%)
Ethereum ~ $1,861.12 (3.2%)
Solana ~ $19.97 (1.9%)
Polkadot ~ $5.41 (2.4%)
Flow ~ $0.775083 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
US risks losing the crypto race to UAE, Korea, Aus and Switzerland: Ark
The United State crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from ARK Invest.
The United States risks losing its position as a leader in the cryptocurrency race against countries including the United Arab Emirates, Korea, Australia and Switzerland, warns ARK Invest analyst Yassine Elmandjra.
https://twitter.com/ARKInvest/status/1660736589910212609?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1660736589910212609%7Ctwgr%5E911f93dc87a661f084a238ba38f3169ba4257073%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fus-losing-the-crypto-race-regulation-uae-ark-invest
In a…
https://cryptoinsight.ae/us-risks-losing-the-crypto-race-to-uae-korea-aus-and-switzerland-ark/
Website | Twitter | LinkedIn |
The United State crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from ARK Invest.
The United States risks losing its position as a leader in the cryptocurrency race against countries including the United Arab Emirates, Korea, Australia and Switzerland, warns ARK Invest analyst Yassine Elmandjra.
https://twitter.com/ARKInvest/status/1660736589910212609?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1660736589910212609%7Ctwgr%5E911f93dc87a661f084a238ba38f3169ba4257073%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fus-losing-the-crypto-race-regulation-uae-ark-invest
In a…
https://cryptoinsight.ae/us-risks-losing-the-crypto-race-to-uae-korea-aus-and-switzerland-ark/
Website | Twitter | LinkedIn |
Ledger CEO says ‘sharded’ wallet keys could be shared if subpoenaed
The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier.
Pascal Gauthier, the CEO of Ledger, has confirmed that the private seed phrases of users who opt into Ledger’s controversial new Recover upgrade could, in theory, be…
https://cryptoinsight.ae/ledger-ceo-says-sharded-wallet-keys-could-be-shared-if-subpoenaed/
Website | Twitter | LinkedIn | Telegram
The private seed phrases of Ledger users could be shared with governments if they are ordered to, but this is “not a real concern,” says CEO Paul Gauthier.
Pascal Gauthier, the CEO of Ledger, has confirmed that the private seed phrases of users who opt into Ledger’s controversial new Recover upgrade could, in theory, be…
https://cryptoinsight.ae/ledger-ceo-says-sharded-wallet-keys-could-be-shared-if-subpoenaed/
Website | Twitter | LinkedIn | Telegram
Coinbase to roll out ‘Moving America Forward’ national campaign for crypto
The ads will emphasize the financial innovations facilitated via crypto and raise awareness for Coinbase events and lobbying efforts.
United States crypto exchange Coinbase is rolling out another national ad campaign in America focusing on the “critical” role that crypto will play in modernizing the global financial system.
In a May 22 blog post, the…
https://cryptoinsight.ae/coinbase-to-roll-out-moving-america-forward-national-campaign-for-crypto/
Website | Twitter | LinkedIn | Telegram
The ads will emphasize the financial innovations facilitated via crypto and raise awareness for Coinbase events and lobbying efforts.
United States crypto exchange Coinbase is rolling out another national ad campaign in America focusing on the “critical” role that crypto will play in modernizing the global financial system.
In a May 22 blog post, the…
https://cryptoinsight.ae/coinbase-to-roll-out-moving-america-forward-national-campaign-for-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $26,746.09 (-2.3%)
Ethereum ~ $1,823.03 (-2.0%)
Solana ~ $19.46 (-2.5%)
Polkadot ~ $5.31 (-1.7%)
Flow ~ $0.743387 (-3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $26,746.09 (-2.3%)
Ethereum ~ $1,823.03 (-2.0%)
Solana ~ $19.46 (-2.5%)
Polkadot ~ $5.31 (-1.7%)
Flow ~ $0.743387 (-3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Solana integrates AI into blockchain, raises grants fund to $10M
The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub.
On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs.
As told by developers, the ChatGPT plugin…
https://cryptoinsight.ae/solana-integrates-ai-into-blockchain-raises-grants-fund-to-10m/
Website | Twitter | LinkedIn | Telegram
The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub.
On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs.
As told by developers, the ChatGPT plugin…
https://cryptoinsight.ae/solana-integrates-ai-into-blockchain-raises-grants-fund-to-10m/
Website | Twitter | LinkedIn | Telegram
Crypto should mimic TradFi rules: Global securities regulator IOSCO
According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets.
A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.
IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report…
https://cryptoinsight.ae/crypto-should-mimic-tradfi-rules-global-securities-regulator-iosco/
Website | Twitter | LinkedIn | Telegram
According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets.
A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.
IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report…
https://cryptoinsight.ae/crypto-should-mimic-tradfi-rules-global-securities-regulator-iosco/
Website | Twitter | LinkedIn | Telegram
South Korea’s lead party wants crypto disclosure laws to apply earlier: Report
The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760.
A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party.
On May…
https://cryptoinsight.ae/south-koreas-lead-party-wants-crypto-disclosure-laws-to-apply-earlier-report/
Website | Twitter | LinkedIn | Telegram
The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760.
A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party.
On May…
https://cryptoinsight.ae/south-koreas-lead-party-wants-crypto-disclosure-laws-to-apply-earlier-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $26,245.73 (-1.9%)
Ethereum ~ $1,783.79 (-2.1%)
Solana ~ $19.38 (-0.4%)
Polkadot ~ $5.25 (-1.1%)
Flow ~ $0.747079 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $26,245.73 (-1.9%)
Ethereum ~ $1,783.79 (-2.1%)
Solana ~ $19.38 (-0.4%)
Polkadot ~ $5.25 (-1.1%)
Flow ~ $0.747079 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Gaming is the ‘largest scale opportunity’ for crypto: Polygon co-founder
Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface.
Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption.
In a May 25…
https://cryptoinsight.ae/gaming-is-the-largest-scale-opportunity-for-crypto-polygon-co-founder/
Website | Twitter | LinkedIn | Telegram
Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface.
Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption.
In a May 25…
https://cryptoinsight.ae/gaming-is-the-largest-scale-opportunity-for-crypto-polygon-co-founder/
Website | Twitter | LinkedIn | Telegram
Multichain token plunges 30% on backend upgrade delay
The Multichain protocol’s TVL remains largely unchanged at $1.6 billion despite a large sell-off in the token.
On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication.
The sell-off came after users reported that their multichain funds had…
https://cryptoinsight.ae/multichain-token-plunges-30-on-backend-upgrade-delay/
Website | Twitter | LinkedIn | Telegram
The Multichain protocol’s TVL remains largely unchanged at $1.6 billion despite a large sell-off in the token.
On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication.
The sell-off came after users reported that their multichain funds had…
https://cryptoinsight.ae/multichain-token-plunges-30-on-backend-upgrade-delay/
Website | Twitter | LinkedIn | Telegram
Project takes off with $31.6M in alleged exit scam
On-chain detective ZachXBT believes that the project has “likely exit scammed” after bridging $31.6 million to multiple addresses on Tron and Ethereum.
A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users’ funds, according to on-chain detective…
https://cryptoinsight.ae/project-takes-off-with-31-6m-in-alleged-exit-scam/
Website | Twitter | LinkedIn | Telegram
On-chain detective ZachXBT believes that the project has “likely exit scammed” after bridging $31.6 million to multiple addresses on Tron and Ethereum.
A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users’ funds, according to on-chain detective…
https://cryptoinsight.ae/project-takes-off-with-31-6m-in-alleged-exit-scam/
Website | Twitter | LinkedIn | Telegram
Chinese city launches gov’t-backed metaverse platform
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse.
On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country.
The…
https://cryptoinsight.ae/chinese-city-launches-govt-backed-metaverse-platform/
Website | Twitter | LinkedIn | Telegram
The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse.
On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country.
The…
https://cryptoinsight.ae/chinese-city-launches-govt-backed-metaverse-platform/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $26,366.26 (0.6%)
Ethereum ~ $1,805.55 (1.3%)
Solana ~ $19.12 (-1.2%)
Polkadot ~ $5.21 (-0.9%)
Flow ~ $0.738814 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $26,366.26 (0.6%)
Ethereum ~ $1,805.55 (1.3%)
Solana ~ $19.12 (-1.2%)
Polkadot ~ $5.21 (-0.9%)
Flow ~ $0.738814 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Emirati-based blockchain Bahamut goes live with PoSA consensus
The proof-of-stake-and-activity (PoSA) consensus mechanism adds an extra layer of security to blockchain.
Bitcoin launched with the ideal technology for the era it was introduced in. Proof-of-work (PoW), the underlying consensus that predates the first cryptocurrency, provides a self-sustaining mechanism where numerous miners around the world can contribute to verifying BTC transactions.
As the crypto…
https://cryptoinsight.ae/emirati-based-blockchain-bahamut-goes-live-with-posa-consensus/
Website | Twitter | LinkedIn | Telegram
The proof-of-stake-and-activity (PoSA) consensus mechanism adds an extra layer of security to blockchain.
Bitcoin launched with the ideal technology for the era it was introduced in. Proof-of-work (PoW), the underlying consensus that predates the first cryptocurrency, provides a self-sustaining mechanism where numerous miners around the world can contribute to verifying BTC transactions.
As the crypto…
https://cryptoinsight.ae/emirati-based-blockchain-bahamut-goes-live-with-posa-consensus/
Website | Twitter | LinkedIn | Telegram
DeSantis looks like the choice for crypto enthusiasts in 2024
Ron DeSantis understands the ethos of cryptocurrency. For single-issue crypto holders, that puts him ahead of the pack in the 2024 presidential race.
Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024,…
https://cryptoinsight.ae/desantis-looks-like-the-choice-for-crypto-enthusiasts-in-2024/
Website | Twitter | LinkedIn | Telegram
Ron DeSantis understands the ethos of cryptocurrency. For single-issue crypto holders, that puts him ahead of the pack in the 2024 presidential race.
Crypto Twitter discussions about law and policy are informed chaos, a specialized cacophony. Despite the drama involved with Gov. Ron DeSantis’ announcement on Twitter that he was running for president in 2024,…
https://cryptoinsight.ae/desantis-looks-like-the-choice-for-crypto-enthusiasts-in-2024/
Website | Twitter | LinkedIn | Telegram