Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.5 Trillion, a 0.3% change in the last 24 hours

Bitcoin ~ $64,506.14 (0.3%)
Ethereum ~ $3,150.07 (-0.5%)
Solana ~ $144.28 (-2.4%)
Polkadot ~ $6.91 (-0.5%)
Flow ~ $0.9204 (-0.9%)

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Solana Mobile ‘Chapter 2’ airdrops briefly exceed cost of pre-order

Pre-order holders of Solana’s ‘Chapter 2’ mobile phone had a brief chance to profit from the yet-to-be-released mobile phone — after memecoins airdropped to buyers briefly exceeded the cost of the phone.

In April, the teams behind two cat-themed memecoin projects: Cat in a dog’s world (MEW) and Maneki (MANEKI) airdropped tokens to the wallets…

https://cryptoinsight.ae/solana-mobile-chapter-2-airdrops-briefly-exceed-cost-of-pre-order/

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How blockchain-based voting can restore trust in the electoral process

Blockchain-based voting systems could foster more transparency and public trust in the election process, according to Brian Rose, an independent mayoral candidate in London and the host of the London Real podcast.
Rose told Cointelegraph in an exclusive interview:
“Wouldn’t we all sleep better at night if the voting system was on the blockchain and…

https://cryptoinsight.ae/how-blockchain-based-voting-can-restore-trust-in-the-electoral-process/

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Will Dogecoin skyrocket 7 months after the Bitcoin halving again?

While Dogecoin price fell during the past month, historical data indicates that it could start its rally to new all-time highs around seven months after the Bitcoin halving.
Dogecoin price rally in November?
Dogecoin price is down nearly 8% on the daily chart and over 18% over the past month, but remains in line with…

https://cryptoinsight.ae/will-dogecoin-skyrocket-7-months-after-the-bitcoin-halving-again/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.44 Trillion, a -2.0% change in the last 24 hours

Bitcoin ~ $62,923.64 (-2.4%)
Ethereum ~ $3,117.07 (-1.0%)
Solana ~ $136.23 (-5.6%)
Polkadot ~ $6.72 (-2.8%)
Flow ~ $0.8925 (-3.0%)

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Bitcoin chart bull flag is a ‘strong bullish setup’ — Analyst

Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run?

Bitcoin bull flag suggests more upward momentum — Analyst
Bitcoin printed a bull flag pattern on the daily chart on April 26, according to…

https://cryptoinsight.ae/bitcoin-chart-bull-flag-is-a-strong-bullish-setup-analyst/

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Nvidia shares up 15% in 5 days — Will AI crypto tokens follow?

The share price of Nvidia (NVDA), one of the biggest producers of graphics processing units (GPUs), has recovered by 15% this week, leading analysts to speculate whether “bottomed out” artificial intelligence (AI) crypto tokens will follow suit.

“This is absolutely insane,” trading resource The Kobeissi Letter declared in an April 27 post on X, while…

https://cryptoinsight.ae/nvidia-shares-up-15-in-5-days-will-ai-crypto-tokens-follow/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.51 Trillion, a 2.5% change in the last 24 hours

Bitcoin ~ $63,907.16 (1.5%)
Ethereum ~ $3,309.81 (6.3%)
Solana ~ $143.53 (5.5%)
Polkadot ~ $6.90 (2.8%)
Flow ~ $0.9191 (3.2%)

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Google Cloud’s Web3 portal launch sparks debate in crypto industry

Google Cloud has introduced a new Web3 portal with resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFT). However, the reception within the cryptocurrency industry has been mixed.

“No native Bitcoin and lightning support? Seems like an oversight to ignore the most important cryptocurrency,” vice president of product marketing at Unchained…

https://cryptoinsight.ae/google-clouds-web3-portal-launch-sparks-debate-in-crypto-industry/

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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

ACINQ’s Bitcoin wallet, Phoenix Wallet, and zkSNACKs’ Wasabi Wallet are both discontinuing services for United States customers in response to the recent crackdown on two major self-custodial cryptocurrency wallet providers.

Both ACINQ and zkSNACKs raised concerns about whether self-custodial wallet providers can be seen as legitimate money service businesses following the recent action taken by…

https://cryptoinsight.ae/phoenix-and-wasabi-exit-us-market-amid-self-custody-wallet-crackdown/

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Insights from Token2049: How crypto wealth is made

Crypto conferences are hotspots for people who accumulated vast wealth by taking advantage of the rapid growth of digital assets. At Token2049 in Dubai, Cointelegraph’s Bradley Peak caught up with attendees to uncover the secrets behind their wealth.
The stories he heard were as diverse as the people themselves. Some were lucky or smart enough…

https://cryptoinsight.ae/insights-from-token2049-how-crypto-wealth-is-made/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.45 Trillion, a -2.4% change in the last 24 hours

Bitcoin ~ $62,401.76 (-2.4%)
Ethereum ~ $3,198.18 (-3.3%)
Solana ~ $136.02 (-5.2%)
Polkadot ~ $6.66 (-3.5%)
Flow ~ $0.8732 (-5.0%)

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Crypto trader sees best ‘altseason’ since 2017 as Bitcoin price cools

Bitcoin bounced past $64,000 ahead of the April 28 weekly close as altcoins sought a recovery.
Altcoins set for boost on waning Tether dominance
Data from Cointelegraph Markets Pro and TradingView tracked stronger BTC price momentum over the weekend.

After putting in weekly lows of $62,400, BTC/USD reversed and managed to maintain higher ground, circling…

https://cryptoinsight.ae/crypto-trader-sees-best-altseason-since-2017-as-bitcoin-price-cools/

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Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block

A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin block reward.

On April 28, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to X that a miner had solved the 282nd solo block in Bitcoin’s history.

He added that…

https://cryptoinsight.ae/solo-bitcoin-miner-wins-the-3-125-btc-lottery-solving-valid-block/

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DOJ’s Tornado Cash arguments show ‘obvious disdain for privacy’ — Lawyer

The United States’ arguments to forge ahead on its case against crypto mixer Tornado Cash and developer Roman Storm show a “disdain for privacy” and include a few “egregious statements,” says DeFi Education Fund legal chief Amanda Tuminelli.

The Department of Justice on April 26 opposed Storm’s motion to dismiss conspiracy and money laundering charges…

https://cryptoinsight.ae/dojs-tornado-cash-arguments-show-obvious-disdain-for-privacy-lawyer/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.46 Trillion, a 0.4% change in the last 24 hours

Bitcoin ~ $63,265.14 (1.6%)
Ethereum ~ $3,163.01 (-1.0%)
Solana ~ $135.12 (-0.8%)
Polkadot ~ $6.55 (-2.1%)
Flow ~ $0.8846 (0.7%)

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Dubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO

Although Dubai’s Virtual Assets Regulatory Authority (VARA) has deployed comprehensive requirements for the crypto space, professionals working in licensing believe that the lengthy process is worth it.
Cointelegraph contacted crypto licensing executives working in Dubai to get their thoughts on the local licensing process and laws.
Tao Xiao, managing partner of business consulting firm NH…

https://cryptoinsight.ae/dubai-does-for-crypto-what-silicon-valley-did-for-tech-govt-affairs-firm-ceo/

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EigenLayer users fume over restrictive airdrop, others say it’s ‘generous’

Users who felt left out of the recently announced Eigenlayer airdrop have lashed out at the restaking protocol’s Monday announcement — highlighting its non-transferable token structure, aggressive geo-restrictions, and an apparently short snapshot period.

Eigenlayer — the second largest protocol with $15.67 billion in total value locked (TVL) — unveiled the specifics of its long-expected…

https://cryptoinsight.ae/eigenlayer-users-fume-over-restrictive-airdrop-others-say-its-generous/

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Crypto on track to hit 1B users by end of 2025 — Analyst

The cryptocurrency industry could reach its first billion users by the end of 2025, according to Bitcoin analyst Willy Woo.
Woo wrote in an April 29 X post:
“On track for 1 BILLION crypto users by the end of 2025. An extrapolation of many independent prior studies in this chart. Binance estimates that 65% of…

https://cryptoinsight.ae/crypto-on-track-to-hit-1b-users-by-end-of-2025-analyst/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.34 Trillion, a -4.9% change in the last 24 hours

Bitcoin ~ $59,956.40 (-5.3%)
Ethereum ~ $2,987.02 (-5.7%)
Solana ~ $124.81 (-7.7%)
Polkadot ~ $6.50 (-0.8%)
Flow ~ $0.837 (-5.6%)

Follow and subscribe - @GulfCryptoInsight

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