Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
DEXes are not securities exchanges, argues crypto venture firm Paradigm.
Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview.
On June 8, the firm sent a lengthy 14-page letter to the SEC secretary,…
https://cryptoinsight.ae/paradigm-slams-secs-incoherent-attempt-to-police-decentralized-exchanges/
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DEXes are not securities exchanges, argues crypto venture firm Paradigm.
Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview.
On June 8, the firm sent a lengthy 14-page letter to the SEC secretary,…
https://cryptoinsight.ae/paradigm-slams-secs-incoherent-attempt-to-police-decentralized-exchanges/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $25,635.93 (-3.3%)
Ethereum ~ $1,758.63 (-4.4%)
Solana ~ $14.41 (-23.0%)
Polkadot ~ $4.33 (-13.6%)
Flow ~ $0.497615 (-19.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $25,635.93 (-3.3%)
Ethereum ~ $1,758.63 (-4.4%)
Solana ~ $14.41 (-23.0%)
Polkadot ~ $4.33 (-13.6%)
Flow ~ $0.497615 (-19.8%)
Follow and subscribe - @GulfCryptoInsight
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SEC charges against Binance and Coinbase are terrible for DeFi
The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance.
The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to…
https://cryptoinsight.ae/sec-charges-against-binance-and-coinbase-are-terrible-for-defi/
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The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance.
The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to…
https://cryptoinsight.ae/sec-charges-against-binance-and-coinbase-are-terrible-for-defi/
Website | Twitter | LinkedIn | Telegram
The shift from centralized exchanges to DEXs
The growth of DeFi has happened in spite of the CEXs’ stranglehold, with users relying on non-custodial wallets to access even the most basic of DeFi products.
Centralized exchanges have been the dominant force on the cryptocurrency landscape for over a decade, acting as the primary method of transferring value between blockchains and serving as…
https://cryptoinsight.ae/the-shift-from-centralized-exchanges-to-dexs/
Website | Twitter | LinkedIn | Telegram
The growth of DeFi has happened in spite of the CEXs’ stranglehold, with users relying on non-custodial wallets to access even the most basic of DeFi products.
Centralized exchanges have been the dominant force on the cryptocurrency landscape for over a decade, acting as the primary method of transferring value between blockchains and serving as…
https://cryptoinsight.ae/the-shift-from-centralized-exchanges-to-dexs/
Website | Twitter | LinkedIn | Telegram
Real-world asset protocols outperform DeFi blue chips due to tokenization wave
Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting in RWAs outperforming DeFi blue chips.
Real-world asset (RWA) protocols have become a hot trend within decentralized finance (DeFi) circles.
An RWA protocol is a decentralized application that allows entities to tokenize and trade real-world assets. These assets range from stocks and…
https://cryptoinsight.ae/real-world-asset-protocols-outperform-defi-blue-chips-due-to-tokenization-wave/
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Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting in RWAs outperforming DeFi blue chips.
Real-world asset (RWA) protocols have become a hot trend within decentralized finance (DeFi) circles.
An RWA protocol is a decentralized application that allows entities to tokenize and trade real-world assets. These assets range from stocks and…
https://cryptoinsight.ae/real-world-asset-protocols-outperform-defi-blue-chips-due-to-tokenization-wave/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $25,816.07 (1.0%)
Ethereum ~ $1,758.57 (0.3%)
Solana ~ $15.66 (9.3%)
Polkadot ~ $4.47 (4.0%)
Flow ~ $0.504139 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $25,816.07 (1.0%)
Ethereum ~ $1,758.57 (0.3%)
Solana ~ $15.66 (9.3%)
Polkadot ~ $4.47 (4.0%)
Flow ~ $0.504139 (2.0%)
Follow and subscribe - @GulfCryptoInsight
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TrueUSD stops minting via Prime Trust, loses dollar peg
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust.
The fifth-largest stablecoin by market capitalization traded at $0.9964…
https://cryptoinsight.ae/trueusd-stops-minting-via-prime-trust-loses-dollar-peg/
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The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice.
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust.
The fifth-largest stablecoin by market capitalization traded at $0.9964…
https://cryptoinsight.ae/trueusd-stops-minting-via-prime-trust-loses-dollar-peg/
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Smart-contract platform partners with cryptocurrency ATM company for better crypto accessibility
Cryptocurrencies, especially altcoins that aren’t sitting in the top 10 by market cap, still aren’t easily accessible to the public, leading to the emergence of new cryptocurrency ATMs.
Although cryptocurrencies are gaining public attention, whether it’s the European Union finalizing its Markets in Crypto-Assets (MiCA) regulation or memecoins rallying for 3,000% gains, one major concern…
https://cryptoinsight.ae/smart-contract-platform-partners-with-cryptocurrency-atm-company-for-better-crypto-accessibility/
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Cryptocurrencies, especially altcoins that aren’t sitting in the top 10 by market cap, still aren’t easily accessible to the public, leading to the emergence of new cryptocurrency ATMs.
Although cryptocurrencies are gaining public attention, whether it’s the European Union finalizing its Markets in Crypto-Assets (MiCA) regulation or memecoins rallying for 3,000% gains, one major concern…
https://cryptoinsight.ae/smart-contract-platform-partners-with-cryptocurrency-atm-company-for-better-crypto-accessibility/
Website | Twitter | LinkedIn | Telegram
FTX authorized to ‘permanently redact’ names of individual customers: Report
The names of FTX’s individual customers will not be revealed to the public in an effort to protect them from potential scams and identity theft.
Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed on…
https://cryptoinsight.ae/ftx-authorized-to-permanently-redact-names-of-individual-customers-report/
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The names of FTX’s individual customers will not be revealed to the public in an effort to protect them from potential scams and identity theft.
Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed on…
https://cryptoinsight.ae/ftx-authorized-to-permanently-redact-names-of-individual-customers-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $25,802.62 (0.1%)
Ethereum ~ $1,739.90 (-1.0%)
Solana ~ $15.13 (-3.2%)
Polkadot ~ $4.49 (0.6%)
Flow ~ $0.491468 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $25,802.62 (0.1%)
Ethereum ~ $1,739.90 (-1.0%)
Solana ~ $15.13 (-3.2%)
Polkadot ~ $4.49 (0.6%)
Flow ~ $0.491468 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’
Layer-2 scaling, wallet security and privacy-preserving features are all necessary to secure Ethereum’s future, according to the Ethereum co-founder.
Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.
In a June 9 post…
https://cryptoinsight.ae/vitalik-buterin-ethereum-fails-without-these-3-important-transitions/
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Layer-2 scaling, wallet security and privacy-preserving features are all necessary to secure Ethereum’s future, according to the Ethereum co-founder.
Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.
In a June 9 post…
https://cryptoinsight.ae/vitalik-buterin-ethereum-fails-without-these-3-important-transitions/
Website | Twitter | LinkedIn | Telegram
What is Robinhood, and how does it work
Understanding the Robinhood trading model
Robinhood is an online financial technology broker that introduced a new trading model to allow individuals to start investing easily and efficiently with little money.
Robinhood’s fortune started with the Covid-19 pandemic when quarantines and lockdowns encouraged millions to look at investing from home and start trading different types of…
https://cryptoinsight.ae/what-is-robinhood-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
Understanding the Robinhood trading model
Robinhood is an online financial technology broker that introduced a new trading model to allow individuals to start investing easily and efficiently with little money.
Robinhood’s fortune started with the Covid-19 pandemic when quarantines and lockdowns encouraged millions to look at investing from home and start trading different types of…
https://cryptoinsight.ae/what-is-robinhood-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR
If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest…
https://cryptoinsight.ae/a-sideways-bitcoin-price-could-lead-to-breakouts-in-eth-xrp-ldo-and-rndr/
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If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest…
https://cryptoinsight.ae/a-sideways-bitcoin-price-could-lead-to-breakouts-in-eth-xrp-ldo-and-rndr/
Website | Twitter | LinkedIn | Telegram
How Bitcoin can help secure proof-of-stake blockchain protocols
Stanford University professor David Tse has pioneered a way to use Bitcoin to secure proof-of-stake blockchains.
The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor.
David Tse and his research team are driving the…
https://cryptoinsight.ae/how-bitcoin-can-help-secure-proof-of-stake-blockchain-protocols/
Website | Twitter | LinkedIn | Telegram
Stanford University professor David Tse has pioneered a way to use Bitcoin to secure proof-of-stake blockchains.
The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor.
David Tse and his research team are driving the…
https://cryptoinsight.ae/how-bitcoin-can-help-secure-proof-of-stake-blockchain-protocols/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $26,091.18 (1.1%)
Ethereum ~ $1,750.31 (0.6%)
Solana ~ $15.41 (1.9%)
Polkadot ~ $4.61 (2.7%)
Flow ~ $0.502983 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $26,091.18 (1.1%)
Ethereum ~ $1,750.31 (0.6%)
Solana ~ $15.41 (1.9%)
Polkadot ~ $4.61 (2.7%)
Flow ~ $0.502983 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony
Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain.
Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t.…
https://cryptoinsight.ae/fear-of-blockchain-will-have-disastrous-consequences-ava-labs-ceo-testimony/
Website | Twitter | LinkedIn | Telegram
Gün Sirer says the U.S. “won the first wave of the internet revolution” because it enabled responsible innovation. Now, it must do the same with blockchain.
Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t.…
https://cryptoinsight.ae/fear-of-blockchain-will-have-disastrous-consequences-ava-labs-ceo-testimony/
Website | Twitter | LinkedIn | Telegram
SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video
The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether.
A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”
On June 12 multiple Twitter accounts shared the video which is…
https://cryptoinsight.ae/secs-gensler-says-btc-eth-not-securities-in-a-newly-surfaced-video/
Website | Twitter | LinkedIn | Telegram
The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether.
A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”
On June 12 multiple Twitter accounts shared the video which is…
https://cryptoinsight.ae/secs-gensler-says-btc-eth-not-securities-in-a-newly-surfaced-video/
Website | Twitter | LinkedIn | Telegram
‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds
Binance.US has lodged its defense ahead of tomorrow’s hearing on whether it’s funds will be frozen.
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business.
In a June 12 filing, Binance.US slammed…
https://cryptoinsight.ae/all-of-the-secs-claims-fail-binance-us-rebuts-motion-to-freeze-funds/
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Binance.US has lodged its defense ahead of tomorrow’s hearing on whether it’s funds will be frozen.
Binance.US has asked the court to deny the securities regulator’s proposed temporary restraining order against its assets ahead of a June 13 hearing, claiming that the move would “effectively end” its business.
In a June 12 filing, Binance.US slammed…
https://cryptoinsight.ae/all-of-the-secs-claims-fail-binance-us-rebuts-motion-to-freeze-funds/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $25,882.03 (-0.8%)
Ethereum ~ $1,739.84 (-0.6%)
Solana ~ $15.10 (-2.0%)
Polkadot ~ $4.62 (0.1%)
Flow ~ $0.487486 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $25,882.03 (-0.8%)
Ethereum ~ $1,739.84 (-0.6%)
Solana ~ $15.10 (-2.0%)
Polkadot ~ $4.62 (0.1%)
Flow ~ $0.487486 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin gets closer to ‘51% attack’ on altcoin market
Bitcoin’s market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different?
Bitcoin’s percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout.
On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight…
https://cryptoinsight.ae/bitcoin-gets-closer-to-51-attack-on-altcoin-market/
Website | Twitter | LinkedIn | Telegram
Bitcoin’s market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different?
Bitcoin’s percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout.
On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight…
https://cryptoinsight.ae/bitcoin-gets-closer-to-51-attack-on-altcoin-market/
Website | Twitter | LinkedIn | Telegram