RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims
The founder of Digital Bitcoin Art and Assets believes that smart contracts on Bitcoin could solve the myriad problems created by Ordinals.
Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact…
https://cryptoinsight.ae/rgb-protocol-may-offer-solution-to-bitcoins-ordinals-jam-proponent-claims/
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The founder of Digital Bitcoin Art and Assets believes that smart contracts on Bitcoin could solve the myriad problems created by Ordinals.
Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact…
https://cryptoinsight.ae/rgb-protocol-may-offer-solution-to-bitcoins-ordinals-jam-proponent-claims/
Website | Twitter | LinkedIn | Telegram
Chinese city releases policy draft for metaverse industry development
The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city.
The capital of China’s Henan Province, Zhengzhou, on May 24, announced a series of policy proposals designed to provide support for metaverse companies operating in the region. As part of these initiatives, the municipal government intends…
https://cryptoinsight.ae/chinese-city-releases-policy-draft-for-metaverse-industry-development/
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The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city.
The capital of China’s Henan Province, Zhengzhou, on May 24, announced a series of policy proposals designed to provide support for metaverse companies operating in the region. As part of these initiatives, the municipal government intends…
https://cryptoinsight.ae/chinese-city-releases-policy-draft-for-metaverse-industry-development/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $26,734.71 (1.4%)
Ethereum ~ $1,831.82 (1.5%)
Solana ~ $19.50 (1.9%)
Polkadot ~ $5.27 (1.3%)
Flow ~ $0.748552 (1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $26,734.71 (1.4%)
Ethereum ~ $1,831.82 (1.5%)
Solana ~ $19.50 (1.9%)
Polkadot ~ $5.27 (1.3%)
Flow ~ $0.748552 (1.3%)
Follow and subscribe - @GulfCryptoInsight
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Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls
Memecoins have come a long way from the early days of being joke cryptocurrencies.
Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin in 2013, inspired by an internet meme and a critique of the wild crypto market at the time.
Dogecoin was developed by software developers Billy Markus and…
https://cryptoinsight.ae/memecoins-from-memes-to-multibillion-dollar-pumps-scams-and-rug-pulls/
Website | Twitter | LinkedIn | Telegram
Memecoins have come a long way from the early days of being joke cryptocurrencies.
Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin in 2013, inspired by an internet meme and a critique of the wild crypto market at the time.
Dogecoin was developed by software developers Billy Markus and…
https://cryptoinsight.ae/memecoins-from-memes-to-multibillion-dollar-pumps-scams-and-rug-pulls/
Website | Twitter | LinkedIn | Telegram
ECB sums up digital euro prototyping exercise as it nears possible pilot launch
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a…
https://cryptoinsight.ae/ecb-sums-up-digital-euro-prototyping-exercise-as-it-nears-possible-pilot-launch/
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The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a…
https://cryptoinsight.ae/ecb-sums-up-digital-euro-prototyping-exercise-as-it-nears-possible-pilot-launch/
Website | Twitter | LinkedIn | Telegram
The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam
The executive appears to have now recovered his account.
Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake…
https://cryptoinsight.ae/the-sandbox-ceos-twitter-was-hacked-used-to-promote-alleged-airdrop-scam/
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The executive appears to have now recovered his account.
Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake…
https://cryptoinsight.ae/the-sandbox-ceos-twitter-was-hacked-used-to-promote-alleged-airdrop-scam/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $27,192.00 (1.7%)
Ethereum ~ $1,848.57 (1.0%)
Solana ~ $20.50 (5.1%)
Polkadot ~ $5.38 (2.0%)
Flow ~ $0.757424 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $27,192.00 (1.7%)
Ethereum ~ $1,848.57 (1.0%)
Solana ~ $20.50 (5.1%)
Polkadot ~ $5.38 (2.0%)
Flow ~ $0.757424 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Biden reaches ‘tentative’ US debt ceiling deal: Report
United States President Joe Biden has urged both the United States House and Senate to “pass the agreement right away.”
Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multi-trillion dollar debt…
https://cryptoinsight.ae/biden-reaches-tentative-us-debt-ceiling-deal-report/
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United States President Joe Biden has urged both the United States House and Senate to “pass the agreement right away.”
Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multi-trillion dollar debt…
https://cryptoinsight.ae/biden-reaches-tentative-us-debt-ceiling-deal-report/
Website | Twitter | LinkedIn | Telegram
Top metaverse property investments suffer massive losses: Report
Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year.
Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.
A study published by CoinGecko shows that popular…
https://cryptoinsight.ae/top-metaverse-property-investments-suffer-massive-losses-report/
Website | Twitter | LinkedIn | Telegram
Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year.
Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value.
A study published by CoinGecko shows that popular…
https://cryptoinsight.ae/top-metaverse-property-investments-suffer-massive-losses-report/
Website | Twitter | LinkedIn | Telegram
How are NFTs used in fashion and wearables?
NFTs revolutionizing the digital assets space
Nonfungible tokens (NFTs) are unique digital assets that are embedded on the blockchain and have unique identifiers that can be used to confirm their authenticity and ownership. Each NFT has a unique token ID and metadata that makes this process easy.
Their nonfungible nature means that each NFT token…
https://cryptoinsight.ae/how-are-nfts-used-in-fashion-and-wearables/
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NFTs revolutionizing the digital assets space
Nonfungible tokens (NFTs) are unique digital assets that are embedded on the blockchain and have unique identifiers that can be used to confirm their authenticity and ownership. Each NFT has a unique token ID and metadata that makes this process easy.
Their nonfungible nature means that each NFT token…
https://cryptoinsight.ae/how-are-nfts-used-in-fashion-and-wearables/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $27,999.86 (2.9%)
Ethereum ~ $1,902.71 (2.9%)
Solana ~ $20.73 (1.1%)
Polkadot ~ $5.50 (2.2%)
Flow ~ $0.762828 (0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $27,999.86 (2.9%)
Ethereum ~ $1,902.71 (2.9%)
Solana ~ $20.73 (1.1%)
Polkadot ~ $5.50 (2.2%)
Flow ~ $0.762828 (0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin can bring ’cause and consequence into cyberspace,’ boost security — Michael Saylor
During an interview, Michael Saylor discussed how crypto networks like Bitcoin can promote security and combat digital trust issues.
Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfakes, Michael Saylor, executive chairman of MicroStrategy, said during a recent interview with Kitco News.
Saylor illustrated his views using social…
https://cryptoinsight.ae/bitcoin-can-bring-cause-and-consequence-into-cyberspace-boost-security-michael-saylor/
Website | Twitter | LinkedIn | Telegram
During an interview, Michael Saylor discussed how crypto networks like Bitcoin can promote security and combat digital trust issues.
Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfakes, Michael Saylor, executive chairman of MicroStrategy, said during a recent interview with Kitco News.
Saylor illustrated his views using social…
https://cryptoinsight.ae/bitcoin-can-bring-cause-and-consequence-into-cyberspace-boost-security-michael-saylor/
Website | Twitter | LinkedIn | Telegram
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.
Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions.…
https://cryptoinsight.ae/institutions-seek-detailed-blockchain-analytics-for-crypto-adoption-elliptic/
Website | Twitter | LinkedIn | Telegram
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.
Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions.…
https://cryptoinsight.ae/institutions-seek-detailed-blockchain-analytics-for-crypto-adoption-elliptic/
Website | Twitter | LinkedIn | Telegram
Turns out, it’s pretty difficult to insure crypto users and platforms
A crypto insurance provider will typically assess at least 2,000 variables across 20 risk areas before they even consider insuring a platform, according to an insurance executive.
Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and…
https://cryptoinsight.ae/turns-out-its-pretty-difficult-to-insure-crypto-users-and-platforms/
Website | Twitter | LinkedIn | Telegram
A crypto insurance provider will typically assess at least 2,000 variables across 20 risk areas before they even consider insuring a platform, according to an insurance executive.
Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and…
https://cryptoinsight.ae/turns-out-its-pretty-difficult-to-insure-crypto-users-and-platforms/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $27,765.44 (-0.8%)
Ethereum ~ $1,901.89 (-0.0%)
Solana ~ $20.76 (0.2%)
Polkadot ~ $5.47 (-0.6%)
Flow ~ $0.750704 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $27,765.44 (-0.8%)
Ethereum ~ $1,901.89 (-0.0%)
Solana ~ $20.76 (0.2%)
Polkadot ~ $5.47 (-0.6%)
Flow ~ $0.750704 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Buying a bank won’t solve crypto’s debanking issue: Binance CEO
CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank.
Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.
The collapse of several…
https://cryptoinsight.ae/buying-a-bank-wont-solve-cryptos-debanking-issue-binance-ceo/
Website | Twitter | LinkedIn | Telegram
CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank.
Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.
The collapse of several…
https://cryptoinsight.ae/buying-a-bank-wont-solve-cryptos-debanking-issue-binance-ceo/
Website | Twitter | LinkedIn | Telegram
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.
Bitcoin starts a new week in an altogether different mood as the weekly candle close brings a move higher.
The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after…
https://cryptoinsight.ae/mining-difficulty-passes-50-trillion-5-things-to-know-in-bitcoin-this-week/
Website | Twitter | LinkedIn | Telegram
Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.
Bitcoin starts a new week in an altogether different mood as the weekly candle close brings a move higher.
The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after…
https://cryptoinsight.ae/mining-difficulty-passes-50-trillion-5-things-to-know-in-bitcoin-this-week/
Website | Twitter | LinkedIn | Telegram
Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes
One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.
Bitcoin is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the…
https://cryptoinsight.ae/bitcoin-selling-for-5k-cheaper-on-binance-australia-as-fiat-ramp-closes/
Website | Twitter | LinkedIn | Telegram
One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paying with Australian dollars. The problem is getting it there.
Bitcoin is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the…
https://cryptoinsight.ae/bitcoin-selling-for-5k-cheaper-on-binance-australia-as-fiat-ramp-closes/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -1.7% change in the last 24 hours
Bitcoin ~ $27,090.71 (-2.5%)
Ethereum ~ $1,863.27 (-2.0%)
Solana ~ $20.64 (-0.6%)
Polkadot ~ $5.33 (-2.5%)
Flow ~ $0.732687 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -1.7% change in the last 24 hours
Bitcoin ~ $27,090.71 (-2.5%)
Ethereum ~ $1,863.27 (-2.0%)
Solana ~ $20.64 (-0.6%)
Polkadot ~ $5.33 (-2.5%)
Flow ~ $0.732687 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
China to gain most from restrictive US crypto regulations: Coinbase CEO
The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.
“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong.
In a May 30 op-ed for MarketWatch,…
https://cryptoinsight.ae/china-to-gain-most-from-restrictive-us-crypto-regulations-coinbase-ceo/
Website | Twitter | LinkedIn | Telegram
The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.
“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong.
In a May 30 op-ed for MarketWatch,…
https://cryptoinsight.ae/china-to-gain-most-from-restrictive-us-crypto-regulations-coinbase-ceo/
Website | Twitter | LinkedIn | Telegram