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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SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca

The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing.

The approval is an important milestone for Grayscale, which announced plans on…

https://cryptoinsight.ae/sec-approves-grayscale-bitcoin-mini-trust-for-trading-on-nyse-arca/

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Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

Trendy buzzwords and crypto go hand in hand, especially given the cyclical nature of crypto market cycles. What is popular in one financial quarter could be a totally obsolete concept by the arrival of the next.
Some great examples might be music non-fungible tokens (NFTs), Bitcoin Ordinals or blockchain-based gaming. The list goes on and…

https://cryptoinsight.ae/real-world-assets-evolve-finance-by-tokenizing-everything-says-kinto-co-founder/

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Cross-border BTC payments a top priority for Marathon Digital — Bitcoin 2024

Bitcoin miner Marathon Digital is seeking partnerships with blockchain developers to build Bitcoin layer-2 solutions for cross-border BTC payments, Julian Duran, Marathon’s product lead for side chains, said at the Bitcoin 2024 conference on July 26 in Nashville, Tennessee.
Cross-border payments are “the biggest use case for blockchain, generally speaking, and especially for Bitcoin,” according…

https://cryptoinsight.ae/cross-border-btc-payments-a-top-priority-for-marathon-digital-bitcoin-2024/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.52 Trillion, a -0.9% change in the last 24 hours

Bitcoin ~ $67,466.58 (-0.7%)
Ethereum ~ $3,226.88 (-1.0%)
Solana ~ $182.87 (-0.5%)
Polkadot ~ $5.74 (-1.9%)
Flow ~ $0.6781 (1.2%)

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WazirX launches fund recovery plan post $230M hack

In a move to address the recent cyberattack that resulted in the theft of approximately $230 million, Indian crypto exchange WazirX has announced a strategy for user fund recovery.
The hack, which affected 45% of user funds, has led WazirX to implement measures aimed at minimizing disruption to its users and maintaining the platform’s stability.…

https://cryptoinsight.ae/wazirx-launches-fund-recovery-plan-post-230m-hack/

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Trump to end war on crypto if elected, says US will be ‘crypto capital of the world’

Former United States president and current Republican candidate Donald Trump announced his intent to make the United States the crypto capital of the world, if elected in November.

After taking the stage an hour late, Trump addressed the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, Trump said that he had great respect for…

https://cryptoinsight.ae/trump-to-end-war-on-crypto-if-elected-says-us-will-be-crypto-capital-of-the-world/

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Sen. Lummis proposes US government purchase 5% of total Bitcoin supply

United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years.

“It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin 2024 Conference on July 27 in…

https://cryptoinsight.ae/sen-lummis-proposes-us-government-purchase-5-of-total-bitcoin-supply/

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Day started from:

The global cryptocurrency market cap today is $2.59 Trillion, a 3.2% change in the last 24 hours

Bitcoin ~ $69,609.93 (3.1%)
Ethereum ~ $3,368.40 (4.4%)
Solana ~ $193.10 (5.6%)
Polkadot ~ $5.84 (1.7%)
Flow ~ $0.6785 (0.0%)

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Casper Network halts operations following security breach

Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue.
The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of…

https://cryptoinsight.ae/casper-network-halts-operations-following-security-breach/

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Swiss regulator FINMA targets stablecoin issuers in new proposal

In a move aimed at bolstering regulatory oversight and mitigating financial risks, the Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers. The proposal comes amid growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem.
According to a recent guidance document, FINMA seeks to…

https://cryptoinsight.ae/swiss-regulator-finma-targets-stablecoin-issuers-in-new-proposal/

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University of Wyoming launches Bitcoin Research Institute

The University of Wyoming is launching the UW Bitcoin Research Institute in August. The new institute aims to provide “high-quality peer-reviewed” studies about Bitcoin.

Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, announced the new institute on X on July 28. He will serve as the institute’s director.

Rettler described…

https://cryptoinsight.ae/university-of-wyoming-launches-bitcoin-research-institute/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.5 Trillion, a 3.3% change in the last 24 hours

Bitcoin ~ $66,591.49 (-4.6%)
Ethereum ~ $3,316.54 (-1.8%)
Solana ~ $182.32 (-5.7%)
Polkadot ~ $5.69 (-2.9%)
Flow ~ $0.6963 (2.2%)

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One Trading receives Dutch license, onshores EU crypto futures

The Netherlands-based digital asset exchange One Trading has received an Organized Trading Facility license from the Dutch Financial Markets Authority (AFM). With that license, the exchange will be able to introduce several new financial products to Europe, including onshore crypto futures trading.

In addition, One Trading will become the only perpetual futures trading platform in…

https://cryptoinsight.ae/one-trading-receives-dutch-license-onshores-eu-crypto-futures/

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Slovenia launches EU’s first digital sovereign bond via BNP Paribas

Slovenia has issued the first digital sovereign bond in the European Union. The bond was issued and placed by BNP Paribas. It had a nominal size of 30 million euros ($32.5 million) with a 3.65% coupon and maturity date of Nov. 25, according to the Slovenian Finance Ministry.

BNP Paribas used its Neobonds platform for…

https://cryptoinsight.ae/slovenia-launches-eus-first-digital-sovereign-bond-via-bnp-paribas/

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Everything Bitcoin: L2s see wave of adoption, but security needs to catch up

Designed to operate on top of the Bitcoin blockchain, layer-2s are emerging rapidly, fueled by years of innovation in the Ethereum ecosystem. Now, they promise to bring decentralized finance (DeFi) solutions to the original blockchain.

Despite locking millions in value onchain in a few months, Bitcoin layer-2s are still in their infancy. As with any…

https://cryptoinsight.ae/everything-bitcoin-l2s-see-wave-of-adoption-but-security-needs-to-catch-up/

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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 ~ $66,283.39 (-0.6%)
Ethereum ~ $3,308.65 (-0.3%)
Solana ~ $182.44 (0.1%)
Polkadot ~ $5.53 (-2.8%)
Flow ~ $0.694 (-0.7%)

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Bank of England to experiment with wholesale CBDC, synchronization

The Bank of England (BOE) is proposing an experimental program using its Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to judge their settlement capacity and interoperability, the central bank announced in a discussion paper.

The BOE promised to undertake the new series of experiments within the next six months. The…

https://cryptoinsight.ae/bank-of-england-to-experiment-with-wholesale-cbdc-synchronization/

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Why is ETH demand lacking post-Ethereum ETF?

Ethereum is about to close the month of July in the red, down roughly 1%, despite the launch of spot Ethereum ETFs in the United States.

US spot Ethereum ETFs went live on July 23, and the market’s immediate reaction was a 9% drawdown. At present, the ETH price is down 4.05% since launch. However,…

https://cryptoinsight.ae/why-is-eth-demand-lacking-post-ethereum-etf/

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Binance Labs invests in liquid staking platform aPriori

Binance’s venture capital arm has invested in aPriori, a liquid staking protocol on the Monad network focused on miner extractable value (MEV), according to a July 30 announcement.
The deal comes amid a flurry of investment in layer-1 network Monad and its surrounding decentralized finance (DeFi) ecosystem.
According to the statement, aPriori seeks to create…

https://cryptoinsight.ae/binance-labs-invests-in-liquid-staking-platform-apriori/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.41 Trillion, a -2.5% change in the last 24 hours

Bitcoin ~ $64,199.00 (-3.1%)
Ethereum ~ $3,176.78 (-4.1%)
Solana ~ $168.82 (-7.7%)
Polkadot ~ $5.35 (-3.4%)
Flow ~ $0.659 (-5.1%)

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