Bitcoin Ordinals rolls out upgrade to rectify ‘Cursed Inscriptions’ issue
Previously unrecognized Ordinals inscriptions will be indexed by the protocol following the upgrade, which will allow them to be traded.
Developers behind the Bitcoin Ordinals protocol have rolled out a new upgrade that aims to cure over 71,000 invalid or “cursed” inscriptions — allowing them to be traded.
“Cursed inscriptions” was the name given to…
https://cryptoinsight.ae/bitcoin-ordinals-rolls-out-upgrade-to-rectify-cursed-inscriptions-issue/
Website | Twitter | LinkedIn | Telegram
Previously unrecognized Ordinals inscriptions will be indexed by the protocol following the upgrade, which will allow them to be traded.
Developers behind the Bitcoin Ordinals protocol have rolled out a new upgrade that aims to cure over 71,000 invalid or “cursed” inscriptions — allowing them to be traded.
“Cursed inscriptions” was the name given to…
https://cryptoinsight.ae/bitcoin-ordinals-rolls-out-upgrade-to-rectify-cursed-inscriptions-issue/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $25,773.17 (-3.9%)
Ethereum ~ $1,816.26 (-3.0%)
Solana ~ $20.01 (-7.2%)
Polkadot ~ $5.08 (-3.6%)
Flow ~ $0.666607 (-7.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $25,773.17 (-3.9%)
Ethereum ~ $1,816.26 (-3.0%)
Solana ~ $20.01 (-7.2%)
Polkadot ~ $5.08 (-3.6%)
Flow ~ $0.666607 (-7.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto.
Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service…
https://cryptoinsight.ae/us-congressmen-blame-crypto-firms-for-tax-gap-in-letter-to-treasury/
Website | Twitter | LinkedIn | Telegram
In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, Congressmen Sherman and Lynch raised concerns about the tax compliance practices in crypto.
Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service…
https://cryptoinsight.ae/us-congressmen-blame-crypto-firms-for-tax-gap-in-letter-to-treasury/
Website | Twitter | LinkedIn | Telegram
Apple’s Vision Pro headset reveal swaps metaverse for ‘spatial computing’
The tech giant finally dropped details of its new pricey mixed-reality headset during the Worldwide Developers Conference, though it made no mention of the word “metaverse.”
Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5.
There was however,…
https://cryptoinsight.ae/apples-vision-pro-headset-reveal-swaps-metaverse-for-spatial-computing/
Website | Twitter | LinkedIn | Telegram
The tech giant finally dropped details of its new pricey mixed-reality headset during the Worldwide Developers Conference, though it made no mention of the word “metaverse.”
Apple’s newly revealed mixed-reality headset, the Apple Vision Pro, has both turned tech-enthusiast heads and raised eyebrows after its unveiling at the WWDC on June 5.
There was however,…
https://cryptoinsight.ae/apples-vision-pro-headset-reveal-swaps-metaverse-for-spatial-computing/
Website | Twitter | LinkedIn | Telegram
Ethereum gas fees cool down after May memecoin frenzy
Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May.
The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot…
https://cryptoinsight.ae/ethereum-gas-fees-cool-down-after-may-memecoin-frenzy/
Website | Twitter | LinkedIn | Telegram
Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May.
The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot…
https://cryptoinsight.ae/ethereum-gas-fees-cool-down-after-may-memecoin-frenzy/
Website | Twitter | LinkedIn | Telegram
Binance net outflows hit $778M on Ethereum since SEC charges: Nansen
The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows.
The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance — accusing the crypto exchange of violating various securities laws — has directly impacted the crypto market and the exchange’s…
https://cryptoinsight.ae/binance-net-outflows-hit-778m-on-ethereum-since-sec-charges-nansen/
Website | Twitter | LinkedIn | Telegram
The SEC lawsuit against Binance led to outflows of over $750 million on Ethereum in the past 24 hours, with outflows still exceeding inflows.
The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance — accusing the crypto exchange of violating various securities laws — has directly impacted the crypto market and the exchange’s…
https://cryptoinsight.ae/binance-net-outflows-hit-778m-on-ethereum-since-sec-charges-nansen/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $26,933.25 (4.5%)
Ethereum ~ $1,883.33 (3.7%)
Solana ~ $20.20 (1.0%)
Polkadot ~ $5.19 (2.3%)
Flow ~ $0.664757 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $26,933.25 (4.5%)
Ethereum ~ $1,883.33 (3.7%)
Solana ~ $20.20 (1.0%)
Polkadot ~ $5.19 (2.3%)
Flow ~ $0.664757 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%
Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days.
The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase and Binance.…
https://cryptoinsight.ae/sec-crackdown-on-binance-and-coinbase-surge-defi-trading-volumes-444/
Website | Twitter | LinkedIn | Telegram
Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days.
The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase and Binance.…
https://cryptoinsight.ae/sec-crackdown-on-binance-and-coinbase-surge-defi-trading-volumes-444/
Website | Twitter | LinkedIn | Telegram
Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network…
https://cryptoinsight.ae/optimism-successfully-completes-bedrock-hard-fork-reducing-deposit-times-layer-1-fees/
Website | Twitter | LinkedIn | Telegram
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network…
https://cryptoinsight.ae/optimism-successfully-completes-bedrock-hard-fork-reducing-deposit-times-layer-1-fees/
Website | Twitter | LinkedIn | Telegram
SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance.
The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator.
Armstrong’s net worth was slashed by…
https://cryptoinsight.ae/sec-lawsuits-squeeze-net-worths-of-coinbase-and-binance-ceos/
Website | Twitter | LinkedIn | Telegram
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance.
The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator.
Armstrong’s net worth was slashed by…
https://cryptoinsight.ae/sec-lawsuits-squeeze-net-worths-of-coinbase-and-binance-ceos/
Website | Twitter | LinkedIn | Telegram
SEC’s Gensler claims ‘parallels’ between Binance and FTX, yet one wasn’t sued
“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.
The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds.
Speaking to Bloomberg on June 6, the…
https://cryptoinsight.ae/secs-gensler-claims-parallels-between-binance-and-ftx-yet-one-wasnt-sued/
Website | Twitter | LinkedIn | Telegram
“Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted.
The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds.
Speaking to Bloomberg on June 6, the…
https://cryptoinsight.ae/secs-gensler-claims-parallels-between-binance-and-ftx-yet-one-wasnt-sued/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -2.5% change in the last 24 hours
Bitcoin ~ $26,343.24 (-2.2%)
Ethereum ~ $1,836.20 (-2.5%)
Solana ~ $18.46 (-8.7%)
Polkadot ~ $5.00 (-3.8%)
Flow ~ $0.619016 (-6.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -2.5% change in the last 24 hours
Bitcoin ~ $26,343.24 (-2.2%)
Ethereum ~ $1,836.20 (-2.5%)
Solana ~ $18.46 (-8.7%)
Polkadot ~ $5.00 (-3.8%)
Flow ~ $0.619016 (-6.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Will crypto remittances be the future of global money transfers?
Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments?
In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated…
https://cryptoinsight.ae/will-crypto-remittances-be-the-future-of-global-money-transfers/
Website | Twitter | LinkedIn | Telegram
Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments?
In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated…
https://cryptoinsight.ae/will-crypto-remittances-be-the-future-of-global-money-transfers/
Website | Twitter | LinkedIn | Telegram
Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics
Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls…
https://cryptoinsight.ae/security-or-not-ether-looks-poised-to-hold-the-1-8k-level-based-on-3-key-metrics/
Website | Twitter | LinkedIn | Telegram
Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level.
Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls…
https://cryptoinsight.ae/security-or-not-ether-looks-poised-to-hold-the-1-8k-level-based-on-3-key-metrics/
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight
Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics - Gulf Crypto Insight
Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency…
Major Australian bank to decline ‘certain’ payments to crypto exchanges
Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges.
Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.
The move comes amid two major global exchanges facing a lawsuit from the United…
https://cryptoinsight.ae/major-australian-bank-to-decline-certain-payments-to-crypto-exchanges/
Website | Twitter | LinkedIn | Telegram
Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges.
Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.
The move comes amid two major global exchanges facing a lawsuit from the United…
https://cryptoinsight.ae/major-australian-bank-to-decline-certain-payments-to-crypto-exchanges/
Website | Twitter | LinkedIn | Telegram
Metaverse investments: Opportunities and risks of the trillion-dollar VR market
What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research ranks the top metaverse projects.
The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially trillion-dollar pie. Close to $2 billion was invested in blockchain-based metaverse deals in 2022, according to…
https://cryptoinsight.ae/metaverse-investments-opportunities-and-risks-of-the-trillion-dollar-vr-market/
Website | Twitter | LinkedIn | Telegram
What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research ranks the top metaverse projects.
The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially trillion-dollar pie. Close to $2 billion was invested in blockchain-based metaverse deals in 2022, according to…
https://cryptoinsight.ae/metaverse-investments-opportunities-and-risks-of-the-trillion-dollar-vr-market/
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight
Metaverse investments: Opportunities and risks of the trillion-dollar VR market - Gulf Crypto Insight
What are the best metaverse projects that investors should keep on their radar? Cointelegraph Research ranks the top metaverse projects. The metaverse continues to expand, with industry giants and upcoming players racing to seize a slice of the potentially…
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 ~ $26,505.69 (0.6%)
Ethereum ~ $1,838.29 (0.1%)
Solana ~ $18.70 (1.3%)
Polkadot ~ $5.01 (0.2%)
Flow ~ $0.620543 (0.2%)
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 ~ $26,505.69 (0.6%)
Ethereum ~ $1,838.29 (0.1%)
Solana ~ $18.70 (1.3%)
Polkadot ~ $5.01 (0.2%)
Flow ~ $0.620543 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
In a June 8 speech at the Piper Sandler Global Exchange & Fintech Conference, United States Securities and Exchange Commission (SEC) Chair Gary Gensler compared the current crypto market to…
https://cryptoinsight.ae/gary-gensler-crypto-market-is-like-1920s-stock-market-full-of-fraudsters/
Website | Twitter | LinkedIn | Telegram
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
In a June 8 speech at the Piper Sandler Global Exchange & Fintech Conference, United States Securities and Exchange Commission (SEC) Chair Gary Gensler compared the current crypto market to…
https://cryptoinsight.ae/gary-gensler-crypto-market-is-like-1920s-stock-market-full-of-fraudsters/
Website | Twitter | LinkedIn | Telegram
The role of blockchain in combatting fraud and revolutionizing the gaming industry
Blockchain’s transparency is another key weapon in the fight against fraud.
A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally,…
https://cryptoinsight.ae/the-role-of-blockchain-in-combatting-fraud-and-revolutionizing-the-gaming-industry/
Website | Twitter | LinkedIn | Telegram
Blockchain’s transparency is another key weapon in the fight against fraud.
A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally,…
https://cryptoinsight.ae/the-role-of-blockchain-in-combatting-fraud-and-revolutionizing-the-gaming-industry/
Website | Twitter | LinkedIn | Telegram
Quantum miners would yield ‘massive’ energy savings for blockchain: Study
University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient.
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions.
According to…
https://cryptoinsight.ae/quantum-miners-would-yield-massive-energy-savings-for-blockchain-study/
Website | Twitter | LinkedIn | Telegram
University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient.
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions.
According to…
https://cryptoinsight.ae/quantum-miners-would-yield-massive-energy-savings-for-blockchain-study/
Website | Twitter | LinkedIn | Telegram