SEC and Ideanomics settle crypto revenue reporting fraud charges
The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”
According to the SEC website, its investigation revealed that between 2017 and 2019, Ideanomics and several of its senior executives engaged in significant material misrepresentations about the…
https://cryptoinsight.ae/sec-and-ideanomics-settle-crypto-revenue-reporting-fraud-charges/
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The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”
According to the SEC website, its investigation revealed that between 2017 and 2019, Ideanomics and several of its senior executives engaged in significant material misrepresentations about the…
https://cryptoinsight.ae/sec-and-ideanomics-settle-crypto-revenue-reporting-fraud-charges/
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Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
Up front: Tether reports that Celsius, in its lawsuit, seeks the return of approximately $2.4 billion worth of BTC. However, publicly available court documents show that Celsius has asked…
https://cryptoinsight.ae/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff/
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Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
Up front: Tether reports that Celsius, in its lawsuit, seeks the return of approximately $2.4 billion worth of BTC. However, publicly available court documents show that Celsius has asked…
https://cryptoinsight.ae/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.14 Trillion, a -4.3% change in the last 24 hours
Bitcoin ~ $58,441.58 (-4.3%)
Ethereum ~ $2,551.33 (-3.9%)
Solana ~ $142.82 (-8.1%)
Polkadot ~ $4.52 (-5.2%)
Flow ~ $0.5336 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.14 Trillion, a -4.3% change in the last 24 hours
Bitcoin ~ $58,441.58 (-4.3%)
Ethereum ~ $2,551.33 (-3.9%)
Solana ~ $142.82 (-8.1%)
Polkadot ~ $4.52 (-5.2%)
Flow ~ $0.5336 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
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Venezuela blocks Binance, X amid presidential election dispute
Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.
On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website…
https://cryptoinsight.ae/venezuela-blocks-binance-x-amid-presidential-election-dispute/
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Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.
On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website…
https://cryptoinsight.ae/venezuela-blocks-binance-x-amid-presidential-election-dispute/
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Expect Bitcoin ETF options to launch before 2025
After gathering dust for months, applications to list options on spot Bitcoin exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETFs will soon follow.
Options are contracts that grant the right to buy or sell — “call” or…
https://cryptoinsight.ae/expect-bitcoin-etf-options-to-launch-before-2025/
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After gathering dust for months, applications to list options on spot Bitcoin exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETFs will soon follow.
Options are contracts that grant the right to buy or sell — “call” or…
https://cryptoinsight.ae/expect-bitcoin-etf-options-to-launch-before-2025/
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Hong Kong to enhance digital asset regulation in 18 months
Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology.
At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined…
https://cryptoinsight.ae/hong-kong-to-enhance-digital-asset-regulation-in-18-months/
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Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology.
At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined…
https://cryptoinsight.ae/hong-kong-to-enhance-digital-asset-regulation-in-18-months/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $59,022.59 (0.9%)
Ethereum ~ $2,638.07 (3.3%)
Solana ~ $144.75 (1.3%)
Polkadot ~ $4.50(-0.5%)
Flow ~ $0.5433 (1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $59,022.59 (0.9%)
Ethereum ~ $2,638.07 (3.3%)
Solana ~ $144.75 (1.3%)
Polkadot ~ $4.50(-0.5%)
Flow ~ $0.5433 (1.8%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin miners record lowest daily revenue of 2024
Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11.
On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023.
The Bitcoin mining…
https://cryptoinsight.ae/bitcoin-miners-record-lowest-daily-revenue-of-2024/
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Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11.
On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023.
The Bitcoin mining…
https://cryptoinsight.ae/bitcoin-miners-record-lowest-daily-revenue-of-2024/
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Crypto ETFs will expand to new asset types, indexes — Grayscale executive
The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.
“We’re going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s…
https://cryptoinsight.ae/crypto-etfs-will-expand-to-new-asset-types-indexes-grayscale-executive/
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The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.
“We’re going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s…
https://cryptoinsight.ae/crypto-etfs-will-expand-to-new-asset-types-indexes-grayscale-executive/
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Why Web3 gaming needs a Steam-like platform for growth
As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem.
In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming.…
https://cryptoinsight.ae/why-web3-gaming-needs-a-steam-like-platform-for-growth/
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As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem.
In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming.…
https://cryptoinsight.ae/why-web3-gaming-needs-a-steam-like-platform-for-growth/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 2.3% change in the last 24 hours
Bitcoin ~ $60,910.35 (3.3%)
Ethereum ~ $2,748.02 (4.1%)
Solana ~ $145.58 (0.4%)
Polkadot ~ $4.52(0.4%)
Flow ~ $0.556 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 2.3% change in the last 24 hours
Bitcoin ~ $60,910.35 (3.3%)
Ethereum ~ $2,748.02 (4.1%)
Solana ~ $145.58 (0.4%)
Polkadot ~ $4.52(0.4%)
Flow ~ $0.556 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum L2 ecosystem processes a record 12.4M transactions in a day
Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high.
According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12.
Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a…
https://cryptoinsight.ae/ethereum-l2-ecosystem-processes-a-record-12-4m-transactions-in-a-day/
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Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high.
According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12.
Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a…
https://cryptoinsight.ae/ethereum-l2-ecosystem-processes-a-record-12-4m-transactions-in-a-day/
Website | Twitter | LinkedIn | Telegram
DBS Bank launches blockchain-powered treasury tokens pilot
Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution.
On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.
The new DBS Treasury Tokens…
https://cryptoinsight.ae/dbs-bank-launches-blockchain-powered-treasury-tokens-pilot/
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Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution.
On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.
The new DBS Treasury Tokens…
https://cryptoinsight.ae/dbs-bank-launches-blockchain-powered-treasury-tokens-pilot/
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Canada needs to overhaul crypto regulations — Coinbase exec
Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative.
Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation.
The…
https://cryptoinsight.ae/canada-needs-to-overhaul-crypto-regulations-coinbase-exec/
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Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative.
Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation.
The…
https://cryptoinsight.ae/canada-needs-to-overhaul-crypto-regulations-coinbase-exec/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $57,973.29 (-4.9%)
Ethereum ~ $2,622.33 (-4.5%)
Solana ~ $142.18 (-2.6%)
Polkadot ~ $4.39 (-3.1%)
Flow ~ $0.5448 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $57,973.29 (-4.9%)
Ethereum ~ $2,622.33 (-4.5%)
Solana ~ $142.18 (-2.6%)
Polkadot ~ $4.39 (-3.1%)
Flow ~ $0.5448 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Brazil poised to launch world’s first spot Solana ETF ahead of global markets
The first Solana spot exchange-traded fund (ETF) could officially debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions.
The first spot Solana ETF is currently awaiting approval by the Brazilian stock exchange, B3, after it was reportedly approved by Brazil’s Securities and Exchange Commission (CVM) on Aug. 7.
According…
https://cryptoinsight.ae/brazil-poised-to-launch-worlds-first-spot-solana-etf-ahead-of-global-markets/
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The first Solana spot exchange-traded fund (ETF) could officially debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions.
The first spot Solana ETF is currently awaiting approval by the Brazilian stock exchange, B3, after it was reportedly approved by Brazil’s Securities and Exchange Commission (CVM) on Aug. 7.
According…
https://cryptoinsight.ae/brazil-poised-to-launch-worlds-first-spot-solana-etf-ahead-of-global-markets/
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MetaMask launches pilot self-custody debit card with Mastercard
Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until…
https://cryptoinsight.ae/metamask-launches-pilot-self-custody-debit-card-with-mastercard/
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Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until…
https://cryptoinsight.ae/metamask-launches-pilot-self-custody-debit-card-with-mastercard/
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DeFi rises again as Aave hits new ATH in weekly borrowers
Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.
In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in…
https://cryptoinsight.ae/defi-rises-again-as-aave-hits-new-ath-in-weekly-borrowers/
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Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.
In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in…
https://cryptoinsight.ae/defi-rises-again-as-aave-hits-new-ath-in-weekly-borrowers/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.0% changee in the last 24 hours
Bitcoin ~ $58,264.15 (0.3%)
Ethereum ~ $2,606.51 (-0.8%)
Solana ~ $143.60 (-1.1%)
Polkadot ~ $4.33 (-1.5%)
Flow ~ $0.5352 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.0% changee in the last 24 hours
Bitcoin ~ $58,264.15 (0.3%)
Ethereum ~ $2,606.51 (-0.8%)
Solana ~ $143.60 (-1.1%)
Polkadot ~ $4.33 (-1.5%)
Flow ~ $0.5352 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
First leveraged MicroStrategy ETF launches in US
The first Bitcoin-related leveraged exchange-traded fund (ETF) has debuted in the United States in another significant development for institutional crypto adoption.
The new leveraged MicroStrategy ETF, MSTX, seeks to provide 175% long daily targeted exposure to MicroStrategy.
The ETF could help offer more leveraged exposure to Bitcoin, according to Sylvia Jablonski, the CEO of Defiance…
https://cryptoinsight.ae/first-leveraged-microstrategy-etf-launches-in-us/
Website | Twitter | LinkedIn | Telegram
The first Bitcoin-related leveraged exchange-traded fund (ETF) has debuted in the United States in another significant development for institutional crypto adoption.
The new leveraged MicroStrategy ETF, MSTX, seeks to provide 175% long daily targeted exposure to MicroStrategy.
The ETF could help offer more leveraged exposure to Bitcoin, according to Sylvia Jablonski, the CEO of Defiance…
https://cryptoinsight.ae/first-leveraged-microstrategy-etf-launches-in-us/
Website | Twitter | LinkedIn | Telegram