Rising institutional interest is a ‘bullish’ sign for crypto: SEBA Bank exec
SEBA Bank exec Nasha Afshar believes that the question of institutions getting into crypto has shifted from “if” to “when,“ indicating growing confidence in the industry.
As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather…
https://cryptoinsight.ae/rising-institutional-interest-is-a-bullish-sign-for-crypto-seba-bank-exec/
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SEBA Bank exec Nasha Afshar believes that the question of institutions getting into crypto has shifted from “if” to “when,“ indicating growing confidence in the industry.
As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather…
https://cryptoinsight.ae/rising-institutional-interest-is-a-bullish-sign-for-crypto-seba-bank-exec/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $30,831.14 (0.4%)
Ethereum ~ $1,912.88 (1.2%)
Solana ~ $17.00 (-1.6%)
Polkadot ~ $5.15 (1.1%)
Flow ~ $0.564117 (4.8%)
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Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $30,831.14 (0.4%)
Ethereum ~ $1,912.88 (1.2%)
Solana ~ $17.00 (-1.6%)
Polkadot ~ $5.15 (1.1%)
Flow ~ $0.564117 (4.8%)
Follow and subscribe - @GulfCryptoInsight
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Crypto trading an important part of the virtual asset ecosystem — Hong Kong SFC chief
Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy.
The CEO of the Securities and Futures Commission (SFC) of Hong Kong, Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX in November 2022, stating that crypto trading is an important…
https://cryptoinsight.ae/crypto-trading-an-important-part-of-the-virtual-asset-ecosystem-hong-kong-sfc-chief/
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Julia Leung Fung-yee said incorporating virtual assets into the regulatory system was crucial after FTX’s bankruptcy.
The CEO of the Securities and Futures Commission (SFC) of Hong Kong, Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX in November 2022, stating that crypto trading is an important…
https://cryptoinsight.ae/crypto-trading-an-important-part-of-the-virtual-asset-ecosystem-hong-kong-sfc-chief/
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Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low
On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.
thereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.
Ether’s technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above…
https://cryptoinsight.ae/ether-price-eyes-3k-as-exchanges-eth-balances-drop-to-an-all-time-low/
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On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.
thereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.
Ether’s technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above…
https://cryptoinsight.ae/ether-price-eyes-3k-as-exchanges-eth-balances-drop-to-an-all-time-low/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $30,248.65 (-2.0%)
Ethereum ~ $1,879.08 (-2.3%)
Solana ~ $16.86 (-1.4%)
Polkadot ~ $5.12 (-1.0%)
Flow ~ $0.535463 (-5.2%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $30,248.65 (-2.0%)
Ethereum ~ $1,879.08 (-2.3%)
Solana ~ $16.86 (-1.4%)
Polkadot ~ $5.12 (-1.0%)
Flow ~ $0.535463 (-5.2%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin ETF fever returns: ‘Biggest’ inflow to ProShares’ BITO in a year
ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures.
Bitcoin exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.
On June 26, a surge of inflows to the ProShares Bitcoin…
https://cryptoinsight.ae/bitcoin-etf-fever-returns-biggest-inflow-to-proshares-bito-in-a-year/
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ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures.
Bitcoin exchange-traded fund (ETF) fervor is back with a raft of new applications and an increase in capital inflows from institutional investors.
On June 26, a surge of inflows to the ProShares Bitcoin…
https://cryptoinsight.ae/bitcoin-etf-fever-returns-biggest-inflow-to-proshares-bito-in-a-year/
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Tokenized FTX claim is used as collateral for a loan
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.
A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an FTX claim, according to the bankruptcy…
https://cryptoinsight.ae/tokenized-ftx-claim-is-used-as-collateral-for-a-loan/
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A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.
A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an FTX claim, according to the bankruptcy…
https://cryptoinsight.ae/tokenized-ftx-claim-is-used-as-collateral-for-a-loan/
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Crypto Travel Rule implementation ‘remains relatively poor,’ says FATF
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.
On June 23,…
https://cryptoinsight.ae/crypto-travel-rule-implementation-remains-relatively-poor-says-fatf/
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The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.
On June 23,…
https://cryptoinsight.ae/crypto-travel-rule-implementation-remains-relatively-poor-says-fatf/
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Terra Allies’ Six Samurai team aims to revive the ecosystem
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team…
https://cryptoinsight.ae/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem/
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The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders.
After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team…
https://cryptoinsight.ae/terra-allies-six-samurai-team-aims-to-revive-the-ecosystem/
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight
Terra Allies’ Six Samurai team aims to revive the ecosystem - Gulf Crypto Insight
The Terra Allies senior full stack engineering team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as Luna Classic holders. After a joint governance proposal on liquid staking derivatives in Terra Classic…
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $30,286.05 (0.1%)
Ethereum ~ $1,864.65 (-0.9%)
Solana ~ $16.39 (-2.9%)
Polkadot ~ $5.05 (-1.6%)
Flow ~ $0.534029 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $30,286.05 (0.1%)
Ethereum ~ $1,864.65 (-0.9%)
Solana ~ $16.39 (-2.9%)
Polkadot ~ $5.05 (-1.6%)
Flow ~ $0.534029 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
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zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year
zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.
It’s a modular framework for a series of ZK-powered custom blockchains called Hyperchains,…
https://cryptoinsight.ae/zksync-unveils-new-network-of-hyperchains-testnet-by-end-of-year/
Website | Twitter | LinkedIn | Telegram
zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains.
Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.
It’s a modular framework for a series of ZK-powered custom blockchains called Hyperchains,…
https://cryptoinsight.ae/zksync-unveils-new-network-of-hyperchains-testnet-by-end-of-year/
Website | Twitter | LinkedIn | Telegram
Yes, the Secret Service has an NFT collection, and no, it’s not for sale
Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do?
The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.
The NFT collection was first revealed during a Reddit AMA on May…
https://cryptoinsight.ae/yes-the-secret-service-has-an-nft-collection-and-no-its-not-for-sale/
Website | Twitter | LinkedIn | Telegram
Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do?
The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea.
The NFT collection was first revealed during a Reddit AMA on May…
https://cryptoinsight.ae/yes-the-secret-service-has-an-nft-collection-and-no-its-not-for-sale/
Website | Twitter | LinkedIn | Telegram
Basis trading, simplified, and how exchanges adapt to institutional needs — Q&A with OKX
The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market.
In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional…
https://cryptoinsight.ae/basis-trading-simplified-and-how-exchanges-adapt-to-institutional-needs-qa-with-okx/
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The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market.
In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional…
https://cryptoinsight.ae/basis-trading-simplified-and-how-exchanges-adapt-to-institutional-needs-qa-with-okx/
Website | Twitter | LinkedIn | Telegram
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.
Riot Platforms — one of the world’s largest Bitcoin mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.
The rigs, which were sourced from mining manufacturer…
https://cryptoinsight.ae/riot-platforms-to-add-33000-bitcoin-miners-ahead-of-2024-halving/
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The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.
Riot Platforms — one of the world’s largest Bitcoin mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.
The rigs, which were sourced from mining manufacturer…
https://cryptoinsight.ae/riot-platforms-to-add-33000-bitcoin-miners-ahead-of-2024-halving/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $30,442.39 (0.5%)
Ethereum ~ $1,867.01 (0.0%)
Solana ~ $16.21 (-1.4%)
Polkadot ~ $5.09 (0.6%)
Flow ~ $0.548174 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $30,442.39 (0.5%)
Ethereum ~ $1,867.01 (0.0%)
Solana ~ $16.21 (-1.4%)
Polkadot ~ $5.09 (0.6%)
Flow ~ $0.548174 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Japanese and Singaporean regulators join forces on crypto pilot project
“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.
On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with…
https://cryptoinsight.ae/japanese-and-singaporean-regulators-join-forces-on-crypto-pilot-project/
Website | Twitter | LinkedIn | Telegram
“Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks,” said FSA official Mamoru Yanase.
On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with…
https://cryptoinsight.ae/japanese-and-singaporean-regulators-join-forces-on-crypto-pilot-project/
Website | Twitter | LinkedIn | Telegram
Over $204M was lost in Q2 DeFi hacks and scams: Report
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.
Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi.
The report, titled…
https://cryptoinsight.ae/over-204m-was-lost-in-q2-defi-hacks-and-scams-report/
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More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.
Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi.
The report, titled…
https://cryptoinsight.ae/over-204m-was-lost-in-q2-defi-hacks-and-scams-report/
Website | Twitter | LinkedIn | Telegram
Bybit’s MVP license in Dubai ‘very restricted,’ CEO says
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to its CEO.
On June 27, Bybit FinTech FZE, a subsidiary of the global…
https://cryptoinsight.ae/bybits-mvp-license-in-dubai-very-restricted-ceo-says/
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Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Cryptocurrency exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, according to its CEO.
On June 27, Bybit FinTech FZE, a subsidiary of the global…
https://cryptoinsight.ae/bybits-mvp-license-in-dubai-very-restricted-ceo-says/
Website | Twitter | LinkedIn | Telegram
BlackRock has ‘50% chance’ of getting spot Bitcoin ETF approved: Analyst
Bloomberg’s senior ETF analyst believes BlackRock has an even chance of getting its Bitcoin ETF green-lit, as Grayscale looks more likely to win its case against the Securities and Exchange Commission.
Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin Exchange Traded Fund (ETF) approved, according to Bloomberg senior ETF analyst…
https://cryptoinsight.ae/blackrock-has-50-chance-of-getting-spot-bitcoin-etf-approved-analyst/
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Bloomberg’s senior ETF analyst believes BlackRock has an even chance of getting its Bitcoin ETF green-lit, as Grayscale looks more likely to win its case against the Securities and Exchange Commission.
Investment management firm BlackRock has a 50% chance of getting its spot Bitcoin Exchange Traded Fund (ETF) approved, according to Bloomberg senior ETF analyst…
https://cryptoinsight.ae/blackrock-has-50-chance-of-getting-spot-bitcoin-etf-approved-analyst/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $30,206.51 (-0.7%)
Ethereum ~ $1,839.44 (-1.4%)
Solana ~ $16.12 (-0.2%)
Polkadot ~ $4.94 (-2.7%)
Flow ~ $0.508301 (-6.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $30,206.51 (-0.7%)
Ethereum ~ $1,839.44 (-1.4%)
Solana ~ $16.12 (-0.2%)
Polkadot ~ $4.94 (-2.7%)
Flow ~ $0.508301 (-6.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram