Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’
The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in.
Bitcoin has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is…
https://cryptoinsight.ae/bitcoin-reclaims-62k-analysts-say-worst-is-likely-behind-us/
Website | Twitter | LinkedIn | Telegram
The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in.
Bitcoin has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is…
https://cryptoinsight.ae/bitcoin-reclaims-62k-analysts-say-worst-is-likely-behind-us/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $64,109.93 (2.1%)
Ethereum ~ $3,446.37 (3.2%)
Solana ~ $157.52 (3.7%)
Polkadot ~ $6.41 (-1.2%)
Flow ~ $0.6127 (3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $64,109.93 (2.1%)
Ethereum ~ $3,446.37 (3.2%)
Solana ~ $157.52 (3.7%)
Polkadot ~ $6.41 (-1.2%)
Flow ~ $0.6127 (3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument.
The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing…
https://cryptoinsight.ae/blackrocks-larry-fink-says-he-was-wrong-calls-bitcoin-digital-gold/
Website | Twitter | LinkedIn | Telegram
During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument.
The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing…
https://cryptoinsight.ae/blackrocks-larry-fink-says-he-was-wrong-calls-bitcoin-digital-gold/
Website | Twitter | LinkedIn | Telegram
South Korea’s ruling party proposes delaying crypto tax to 2028
South Korea’s ruling party, the People’s Power Party, officially proposed delaying the implementation of the country’s tax on crypto trading profits.
On July 12, the party submitted the proposal and noted that current sentiment toward crypto assets was deteriorating. The description stated that rapidly imposing taxes on virtual assets is “not advisable at this time.”…
https://cryptoinsight.ae/south-koreas-ruling-party-proposes-delaying-crypto-tax-to-2028/
Website | Twitter | LinkedIn | Telegram
South Korea’s ruling party, the People’s Power Party, officially proposed delaying the implementation of the country’s tax on crypto trading profits.
On July 12, the party submitted the proposal and noted that current sentiment toward crypto assets was deteriorating. The description stated that rapidly imposing taxes on virtual assets is “not advisable at this time.”…
https://cryptoinsight.ae/south-koreas-ruling-party-proposes-delaying-crypto-tax-to-2028/
Website | Twitter | LinkedIn | Telegram
Scammer returns $9.3M DAI to victim 10 months after phishing them
A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September.
First noticed by Scam Sniffer on July 13, the scammer used Dai stablecoin to return the funds across two transactions last week.
The first transfer saw $5.23 million returned on July…
https://cryptoinsight.ae/scammer-returns-9-3m-dai-to-victim-10-months-after-phishing-them/
Website | Twitter | LinkedIn | Telegram
A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September.
First noticed by Scam Sniffer on July 13, the scammer used Dai stablecoin to return the funds across two transactions last week.
The first transfer saw $5.23 million returned on July…
https://cryptoinsight.ae/scammer-returns-9-3m-dai-to-victim-10-months-after-phishing-them/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $65,542.55 (2.7%)
Ethereum ~ $3,485.13 (1.6%)
Solana ~ $161.16 (2.8%)
Polkadot ~ $6.46 (2.0%)
Flow ~ $0.6257 (3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a 2.7% change in the last 24 hours
Bitcoin ~ $65,542.55 (2.7%)
Ethereum ~ $3,485.13 (1.6%)
Solana ~ $161.16 (2.8%)
Polkadot ~ $6.46 (2.0%)
Flow ~ $0.6257 (3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Binance’s BNB Chain introduces layer-2 testnet powered by Optimism
Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”
On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it says will add additional security and scalability to the…
https://cryptoinsight.ae/binances-bnb-chain-introduces-layer-2-testnet-powered-by-optimism-2/
Website | Twitter | LinkedIn | Telegram
Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”
On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it says will add additional security and scalability to the…
https://cryptoinsight.ae/binances-bnb-chain-introduces-layer-2-testnet-powered-by-optimism-2/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.49 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $64,911.97 (-1.2%)
Ethereum ~ $3,434.68 (-2.1%)
Solana ~ $159.45 (-1.5%)
Polkadot ~ $6.38 (-1.3%)
Flow ~ $0.6231 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.49 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $64,911.97 (-1.2%)
Ethereum ~ $3,434.68 (-2.1%)
Solana ~ $159.45 (-1.5%)
Polkadot ~ $6.38 (-1.3%)
Flow ~ $0.6231 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Is SocialFi the future of crypto? One SocialFi platform invites users to stay ahead of the curve
Pulse, an emerging SocialFi platform, seamlessly integrates trading and social experiences on Ethereum layer 2, providing advanced security while evangelizing community engagement.
Navigating Web2 social platforms has been nothing short of a battlefield for users and content creators alike. Centralized entities wield absolute decision-making power, resulting in changes that often neglect the broader community’s needs.…
https://cryptoinsight.ae/is-socialfi-the-future-of-crypto-one-socialfi-platform-invites-users-to-stay-ahead-of-the-curve/
Website | Twitter | LinkedIn | Telegram
Pulse, an emerging SocialFi platform, seamlessly integrates trading and social experiences on Ethereum layer 2, providing advanced security while evangelizing community engagement.
Navigating Web2 social platforms has been nothing short of a battlefield for users and content creators alike. Centralized entities wield absolute decision-making power, resulting in changes that often neglect the broader community’s needs.…
https://cryptoinsight.ae/is-socialfi-the-future-of-crypto-one-socialfi-platform-invites-users-to-stay-ahead-of-the-curve/
Website | Twitter | LinkedIn | Telegram
Trading on crypto exchanges fell for 3rd month straight in June: CCData
Trading volume on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month that combined spot and derivatives volumes have trended downward since March.
In a July 17 markets report CCData shared that the combined spot and derivatives volume across all centralized exchanges stood at $4.2 trillion in June, down 53% from…
https://cryptoinsight.ae/trading-on-crypto-exchanges-fell-for-3rd-month-straight-in-june-ccdata/
Website | Twitter | LinkedIn | Telegram
Trading volume on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month that combined spot and derivatives volumes have trended downward since March.
In a July 17 markets report CCData shared that the combined spot and derivatives volume across all centralized exchanges stood at $4.2 trillion in June, down 53% from…
https://cryptoinsight.ae/trading-on-crypto-exchanges-fell-for-3rd-month-straight-in-june-ccdata/
Website | Twitter | LinkedIn | Telegram
Blockchain identity platform Fractal ID suffers data breach
Blockchain identity platform Fractal ID suffered a data breach on July 14, according to a notice published on Fractal’s website on July 17. Partners of the platform include the payment system Gnosis Pay, decentralized finance app Acala, the proof of personhood project Polygon ID, the social media platform Lukso, and other Web3 applications.
In its…
https://cryptoinsight.ae/blockchain-identity-platform-fractal-id-suffers-data-breach/
Website | Twitter | LinkedIn | Telegram
Blockchain identity platform Fractal ID suffered a data breach on July 14, according to a notice published on Fractal’s website on July 17. Partners of the platform include the payment system Gnosis Pay, decentralized finance app Acala, the proof of personhood project Polygon ID, the social media platform Lukso, and other Web3 applications.
In its…
https://cryptoinsight.ae/blockchain-identity-platform-fractal-id-suffers-data-breach/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.48 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $64,396.32 (-0.7%)
Ethereum ~ $3,446.39 (0.5%)
Solana ~ $164.78 (3.6%)
Polkadot ~ $6.17 (-3.0%)
Flow ~ $0.6111 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.48 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $64,396.32 (-0.7%)
Ethereum ~ $3,446.39 (0.5%)
Solana ~ $164.78 (3.6%)
Polkadot ~ $6.17 (-3.0%)
Flow ~ $0.6111 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Tornado Cash sees $1.9B resurgence this year despite sanctions
Banned crypto mixer Tornado Cash has witnessed a surprising uptick in deposit volume in the first half of 2024 despite ongoing sanctions and continued legal strife for its founding team.
According to data from Flipside Crypto, Tornado Cash has received some $1.9 billion in deposits in the first six months of this year, a 50%…
https://cryptoinsight.ae/tornado-cash-sees-1-9b-resurgence-this-year-despite-sanctions/
Website | Twitter | LinkedIn | Telegram
Banned crypto mixer Tornado Cash has witnessed a surprising uptick in deposit volume in the first half of 2024 despite ongoing sanctions and continued legal strife for its founding team.
According to data from Flipside Crypto, Tornado Cash has received some $1.9 billion in deposits in the first six months of this year, a 50%…
https://cryptoinsight.ae/tornado-cash-sees-1-9b-resurgence-this-year-despite-sanctions/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 3.4% change in the last 24 hours
Bitcoin ~ $66,588.89 (3.4%)
Ethereum ~ $3,503.90 (1.7%)
Solana ~ $170.09 (3.1%)
Polkadot ~ $6.33 (2.8%)
Flow ~ $0.641 (4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 3.4% change in the last 24 hours
Bitcoin ~ $66,588.89 (3.4%)
Ethereum ~ $3,503.90 (1.7%)
Solana ~ $170.09 (3.1%)
Polkadot ~ $6.33 (2.8%)
Flow ~ $0.641 (4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
TON Network TVL surpasses $760M — Is this bullish for TON price?
Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain initially developed by the Telegram messaging app. The TON ecosystem is largely driven by Telegram’s 900 million active users.
Despite being relatively new to the decentralized applications (DApps) ecosystem, the TON Network has surpassed Optimism to become the tenth largest blockchain in…
https://cryptoinsight.ae/ton-network-tvl-surpasses-760m-is-this-bullish-for-ton-price/
Website | Twitter | LinkedIn | Telegram
Toncoin (TON) is the native coin of The Open Network, a layer-1 blockchain initially developed by the Telegram messaging app. The TON ecosystem is largely driven by Telegram’s 900 million active users.
Despite being relatively new to the decentralized applications (DApps) ecosystem, the TON Network has surpassed Optimism to become the tenth largest blockchain in…
https://cryptoinsight.ae/ton-network-tvl-surpasses-760m-is-this-bullish-for-ton-price/
Website | Twitter | LinkedIn | Telegram
Airdrop token prices are crashing — Does Web3 need a new model?
For the past year, airdrops — tokens launched through a free distribution to users — have dominated the narrative in cryptocurrency markets.
Now, beset by underperforming tokens and mercenary user bases, airdrops are falling out of favor. Web3 protocols are beginning to ask if it’s time for a new model.
Since 2023, airdrops have been…
https://cryptoinsight.ae/airdrop-token-prices-are-crashing-does-web3-need-a-new-model/
Website | Twitter | LinkedIn | Telegram
For the past year, airdrops — tokens launched through a free distribution to users — have dominated the narrative in cryptocurrency markets.
Now, beset by underperforming tokens and mercenary user bases, airdrops are falling out of favor. Web3 protocols are beginning to ask if it’s time for a new model.
Since 2023, airdrops have been…
https://cryptoinsight.ae/airdrop-token-prices-are-crashing-does-web3-need-a-new-model/
Website | Twitter | LinkedIn | Telegram
CBOE gives official launch date for spot Ethereum ETF
Five spot Ethereum exchange-traded funds (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19.
On May 23, the United States Securities and Exchange Commission (SEC) approved rule changes permitting the listing of several spot Ether ETFs. However, before the new products could begin…
https://cryptoinsight.ae/cboe-gives-official-launch-date-for-spot-ethereum-etf/
Website | Twitter | LinkedIn | Telegram
Five spot Ethereum exchange-traded funds (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19.
On May 23, the United States Securities and Exchange Commission (SEC) approved rule changes permitting the listing of several spot Ether ETFs. However, before the new products could begin…
https://cryptoinsight.ae/cboe-gives-official-launch-date-for-spot-ethereum-etf/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.56 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $66,754.04 (0.3%)
Ethereum ~ $3,489.74 (-0.4%)
Solana ~ $172.27 (1.4%)
Polkadot ~ $6.29 (-0.8%)
Flow ~ $0.6458 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.56 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $66,754.04 (0.3%)
Ethereum ~ $3,489.74 (-0.4%)
Solana ~ $172.27 (1.4%)
Polkadot ~ $6.29 (-0.8%)
Flow ~ $0.6458 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
New zero energy storage tech could lead to immortal blockchains
Recent advances in the field of long-term storage could form the basis for the development of immutable digital ledgers capable of storing data for millions of years without power. In other words: immortal blockchains.
At its core, blockchain technology operates on the simple premise that data is demonstrably safer in a decentralized ledger than it…
https://cryptoinsight.ae/new-zero-energy-storage-tech-could-lead-to-immortal-blockchains/
Website | Twitter | LinkedIn | Telegram
Recent advances in the field of long-term storage could form the basis for the development of immutable digital ledgers capable of storing data for millions of years without power. In other words: immortal blockchains.
At its core, blockchain technology operates on the simple premise that data is demonstrably safer in a decentralized ledger than it…
https://cryptoinsight.ae/new-zero-energy-storage-tech-could-lead-to-immortal-blockchains/
Website | Twitter | LinkedIn | Telegram
South Korea’s strict laws on crypto exchanges come into force
The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.
Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17…
https://cryptoinsight.ae/south-koreas-strict-laws-on-crypto-exchanges-come-into-force/
Website | Twitter | LinkedIn | Telegram
The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.
Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17…
https://cryptoinsight.ae/south-koreas-strict-laws-on-crypto-exchanges-come-into-force/
Website | Twitter | LinkedIn | Telegram