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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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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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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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/
Website | Twitter | LinkedIn | Telegram
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
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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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/
Website | Twitter | LinkedIn | Telegram
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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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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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/
Website | Twitter | LinkedIn | Telegram
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
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%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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
Website | Twitter | LinkedIn | Telegram
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
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs
Ethereum co-founder Vitalik Buterin has discussed a new cryptographic proving system that aims to achieve greater efficiency for zero-knowledge proofs.
In a blog post on April 29, Buterin explained a system for highly efficient cryptographic proofs over binary fields called “Binius,” which aims to deliver significant performance gains over traditional proof systems such as zk-SNARKs.…
https://cryptoinsight.ae/vitalik-buterin-breaks-down-binius-as-a-way-to-speed-up-zero-knowledge-proofs/
Website | Twitter | LinkedIn | Telegram
Ethereum co-founder Vitalik Buterin has discussed a new cryptographic proving system that aims to achieve greater efficiency for zero-knowledge proofs.
In a blog post on April 29, Buterin explained a system for highly efficient cryptographic proofs over binary fields called “Binius,” which aims to deliver significant performance gains over traditional proof systems such as zk-SNARKs.…
https://cryptoinsight.ae/vitalik-buterin-breaks-down-binius-as-a-way-to-speed-up-zero-knowledge-proofs/
Website | Twitter | LinkedIn | Telegram
Karak has ‘good chance’ of becoming next EigenLayer after EIGEN airdrop disappointment
Emerging Ethereum restaking protocol Karak’s total value locked (TVL) rose over 25% in the past week to over $440 million, and industry experts believe it could start eating into EigenLayer’s market share.
Following the disappointment around the EigenLayer airdrop, Karak has a “good chance” of become the next big restaking protocol, according to Anndy Lian,…
https://cryptoinsight.ae/karak-has-good-chance-of-becoming-next-eigenlayer-after-eigen-airdrop-disappointment/
Website | Twitter | LinkedIn | Telegram
Emerging Ethereum restaking protocol Karak’s total value locked (TVL) rose over 25% in the past week to over $440 million, and industry experts believe it could start eating into EigenLayer’s market share.
Following the disappointment around the EigenLayer airdrop, Karak has a “good chance” of become the next big restaking protocol, according to Anndy Lian,…
https://cryptoinsight.ae/karak-has-good-chance-of-becoming-next-eigenlayer-after-eigen-airdrop-disappointment/
Website | Twitter | LinkedIn | Telegram
‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April.
In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the…
https://cryptoinsight.ae/no-signs-of-bitcoin-miner-capitulation-despite-plummeting-revenue/
Website | Twitter | LinkedIn | Telegram
Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April.
In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the…
https://cryptoinsight.ae/no-signs-of-bitcoin-miner-capitulation-despite-plummeting-revenue/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.26 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $57,507.34 (-3.9%)
Ethereum ~ $2,919.36 (-2.1%)
Solana ~ $129.82 (4.2%)
Polkadot ~ $6.92 (6.3%)
Flow ~ $0.8473 (1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.26 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $57,507.34 (-3.9%)
Ethereum ~ $2,919.36 (-2.1%)
Solana ~ $129.82 (4.2%)
Polkadot ~ $6.92 (6.3%)
Flow ~ $0.8473 (1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst
Bitcoin’s market share has dipped slightly, leading crypto analysts to speculate that it may have reached its peak as traders shift their focus to altcoins.
“Bitcoin dominance has likely peaked,” founder of trading firm MNTrading Michaël van de Poppe claimed in a May 1 X post while explaining that “the bottom for altcoins is likely…
https://cryptoinsight.ae/bitcoins-dominance-likely-peaked-as-altcoins-start-to-wake-up-analyst/
Website | Twitter | LinkedIn | Telegram
Bitcoin’s market share has dipped slightly, leading crypto analysts to speculate that it may have reached its peak as traders shift their focus to altcoins.
“Bitcoin dominance has likely peaked,” founder of trading firm MNTrading Michaël van de Poppe claimed in a May 1 X post while explaining that “the bottom for altcoins is likely…
https://cryptoinsight.ae/bitcoins-dominance-likely-peaked-as-altcoins-start-to-wake-up-analyst/
Website | Twitter | LinkedIn | Telegram
EigenLayer sees over 12,000 queued withdrawals — How far will TVL fall?
EigenLayer — the largest Ethereum restaking protocol — has received over 12,412 withdrawal requests following widespread disappointment surrounding its planned EIGEN airdrop.
Mass withdrawal requests started on April 29, when EigenLayer saw over 4,336 daily withdrawals, rising to 6,496 on April 30, according to Dune data.
The restaking protocol amassed over 12,412 withdrawals in the…
https://cryptoinsight.ae/eigenlayer-sees-over-12000-queued-withdrawals-how-far-will-tvl-fall/
Website | Twitter | LinkedIn | Telegram
EigenLayer — the largest Ethereum restaking protocol — has received over 12,412 withdrawal requests following widespread disappointment surrounding its planned EIGEN airdrop.
Mass withdrawal requests started on April 29, when EigenLayer saw over 4,336 daily withdrawals, rising to 6,496 on April 30, according to Dune data.
The restaking protocol amassed over 12,412 withdrawals in the…
https://cryptoinsight.ae/eigenlayer-sees-over-12000-queued-withdrawals-how-far-will-tvl-fall/
Website | Twitter | LinkedIn | Telegram
Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold
Tether Holdings, the company behind the world’s largest stablecoin, Tether, reported a record net profit of $4.52 billion in the first quarter of 2024.
Tether also revealed its net equity for the first time, which stands at $11.37 billion as of March 31. This represents a significant increase from the $7.01 billion worth of equity…
https://cryptoinsight.ae/tether-nets-record-4-5b-profit-in-q1-2024-majority-from-bitcoin-and-gold/
Website | Twitter | LinkedIn | Telegram
Tether Holdings, the company behind the world’s largest stablecoin, Tether, reported a record net profit of $4.52 billion in the first quarter of 2024.
Tether also revealed its net equity for the first time, which stands at $11.37 billion as of March 31. This represents a significant increase from the $7.01 billion worth of equity…
https://cryptoinsight.ae/tether-nets-record-4-5b-profit-in-q1-2024-majority-from-bitcoin-and-gold/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.34 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $59,407.73 (3.3%)
Ethereum ~ $2,986.16 (2.4%)
Solana ~ $138.46 (6.4%)
Polkadot ~ $7.18 (4.1%)
Flow ~ $0.8694 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.34 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $59,407.73 (3.3%)
Ethereum ~ $2,986.16 (2.4%)
Solana ~ $138.46 (6.4%)
Polkadot ~ $7.18 (4.1%)
Flow ~ $0.8694 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram