Hello there!
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $56,779.95 (3.8%)
Ethereum ~ $2,341.71 (2.3%)
Solana ~ $133.93 (4.7%)
Polkadot ~ $4.25 (2.3%)
Flow ~ $0.5336 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $56,779.95 (3.8%)
Ethereum ~ $2,341.71 (2.3%)
Solana ~ $133.93 (4.7%)
Polkadot ~ $4.25 (2.3%)
Flow ~ $0.5336 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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SEC crypto enforcement hits $4.7B this year, rising 3,000% from 2023
The United States Securities and Exchange Commission has imposed nearly $4.7 billion worth of enforcement actions against crypto firms and executives in 2024 — an over 3,000% jump from 2023.
The SEC’s record-setting year was mostly boosted by its massive $4.47 billion settlement with Terraform Labs and former CEO Do Kwon in June — its…
https://cryptoinsight.ae/sec-crypto-enforcement-hits-4-7b-this-year-rising-3000-from-2023/
Website | Twitter | LinkedIn | Telegram
The United States Securities and Exchange Commission has imposed nearly $4.7 billion worth of enforcement actions against crypto firms and executives in 2024 — an over 3,000% jump from 2023.
The SEC’s record-setting year was mostly boosted by its massive $4.47 billion settlement with Terraform Labs and former CEO Do Kwon in June — its…
https://cryptoinsight.ae/sec-crypto-enforcement-hits-4-7b-this-year-rising-3000-from-2023/
Website | Twitter | LinkedIn | Telegram
Starknet is ditching offchain polling, and it will make tokens count
Blockchain protocols and decentralized autonomous organizations (DAO) argue that, as a rule, conducting activity onchain is best. However, the vast majority of us are still voting offchain. That’s right — we’re turning to Web2 single-operator-run votes to facilitate our permissionless happy place.
It feels frustrating. My experience at Starknet (STRK) is echoed across our space.…
https://cryptoinsight.ae/starknet-is-ditching-offchain-polling-and-it-will-make-tokens-count/
Website | Twitter | LinkedIn | Telegram
Blockchain protocols and decentralized autonomous organizations (DAO) argue that, as a rule, conducting activity onchain is best. However, the vast majority of us are still voting offchain. That’s right — we’re turning to Web2 single-operator-run votes to facilitate our permissionless happy place.
It feels frustrating. My experience at Starknet (STRK) is echoed across our space.…
https://cryptoinsight.ae/starknet-is-ditching-offchain-polling-and-it-will-make-tokens-count/
Website | Twitter | LinkedIn | Telegram
Ether.fi launching ‘crypto-native’ credit card on ZK-rollup Scroll
Ether.fi, a liquid restaking protocol, is launching a “crypto-native” credit card that will settle transactions on Scroll, an Ethereum layer-2 scaling network, according to a Sept. 9 post on the X platform.
Ether.fi Cash is a Visa credit card designed to let users pay with cryptocurrency “anywhere Visa is accepted,” the post said. According to…
https://cryptoinsight.ae/ether-fi-launching-crypto-native-credit-card-on-zk-rollup-scroll/
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Ether.fi, a liquid restaking protocol, is launching a “crypto-native” credit card that will settle transactions on Scroll, an Ethereum layer-2 scaling network, according to a Sept. 9 post on the X platform.
Ether.fi Cash is a Visa credit card designed to let users pay with cryptocurrency “anywhere Visa is accepted,” the post said. According to…
https://cryptoinsight.ae/ether-fi-launching-crypto-native-credit-card-on-zk-rollup-scroll/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.08 Trillion, a -1.7% change in the last 24 hours
Bitcoin ~ $56,415.43 (-0.7%)
Ethereum ~ $2,330.57 (-0.5%)
Solana ~ $131.92 (-1.5%)
Polkadot ~ $4.14 (-2.5%)
Flow ~ $0.5331 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.08 Trillion, a -1.7% change in the last 24 hours
Bitcoin ~ $56,415.43 (-0.7%)
Ethereum ~ $2,330.57 (-0.5%)
Solana ~ $131.92 (-1.5%)
Polkadot ~ $4.14 (-2.5%)
Flow ~ $0.5331 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Altcoin market resilience signals ‘potential regime change’ — Analysts
Altcoins have remained fairly strong despite Bitcoin’s recent downturn, suggesting investors might be adjusting how they safeguard their capital during market uncertainty, analysts say.
“The shift hints at a potential regime change where investors are exploring value in altcoins, diverging from the typical pattern of flocking to Bitcoin during downturns,” analysts from crypto exchange Bitfinex…
https://cryptoinsight.ae/altcoin-market-resilience-signals-potential-regime-change-analysts/
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Altcoins have remained fairly strong despite Bitcoin’s recent downturn, suggesting investors might be adjusting how they safeguard their capital during market uncertainty, analysts say.
“The shift hints at a potential regime change where investors are exploring value in altcoins, diverging from the typical pattern of flocking to Bitcoin during downturns,” analysts from crypto exchange Bitfinex…
https://cryptoinsight.ae/altcoin-market-resilience-signals-potential-regime-change-analysts/
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Standard Chartered begins UAE crypto custody services with BTC, ETH
Multinational bank Standard Chartered said it will start offering crypto custody services in the United Arab Emirates.
On Sept. 10, the consumer banking corporation said it would start its digital asset custody service with Bitcoin and Ether, the two largest cryptocurrencies by market capitalization. The bank has initiated its custody services in partnership with Brevan…
https://cryptoinsight.ae/standard-chartered-begins-uae-crypto-custody-services-with-btc-eth/
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Multinational bank Standard Chartered said it will start offering crypto custody services in the United Arab Emirates.
On Sept. 10, the consumer banking corporation said it would start its digital asset custody service with Bitcoin and Ether, the two largest cryptocurrencies by market capitalization. The bank has initiated its custody services in partnership with Brevan…
https://cryptoinsight.ae/standard-chartered-begins-uae-crypto-custody-services-with-btc-eth/
Website | Twitter | LinkedIn | Telegram
Ethereum Name Service integrated with PayPal, Venmo for crypto transfers
Venmo and PayPal users will now be able to transfer cryptocurrency using Ethereum Name Service (ENS) names. ENS Labs disclosed the integration on Sept. 10, which is expected to reach more than 270 million users in the United States.
An ENS name can act as a nickname for a blockchain address. Instead of sending tokens…
https://cryptoinsight.ae/ethereum-name-service-integrated-with-paypal-venmo-for-crypto-transfers/
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Venmo and PayPal users will now be able to transfer cryptocurrency using Ethereum Name Service (ENS) names. ENS Labs disclosed the integration on Sept. 10, which is expected to reach more than 270 million users in the United States.
An ENS name can act as a nickname for a blockchain address. Instead of sending tokens…
https://cryptoinsight.ae/ethereum-name-service-integrated-with-paypal-venmo-for-crypto-transfers/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $57,955.24 (2.6%)
Ethereum ~ $2,356.18 (1.1%)
Solana ~ $134.69 (2.0%)
Polkadot ~ $4.21 (1.6%)
Flow ~ $0.5532 (3.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a 1.5% change in the last 24 hours
Bitcoin ~ $57,955.24 (2.6%)
Ethereum ~ $2,356.18 (1.1%)
Solana ~ $134.69 (2.0%)
Polkadot ~ $4.21 (1.6%)
Flow ~ $0.5532 (3.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
UAE regulators to allow Dubai-licensed VASPs to service entire country
The United Arab Emirates’ securities regulator signed a cooperation agreement with Dubai’s crypto regulator to demonstrate “regulatory cohesion” across the country by streamlining its licensing regime.
The UAE’s federal financial agency, the Securities And Commodities Authority (SCA) and Dubai’s crypto regulator, the Virtual Assets Regulatory Authority (VARA), announced an agreement that would allow the mutual…
https://cryptoinsight.ae/uae-regulators-to-allow-dubai-licensed-vasps-to-service-entire-country/
Website | Twitter | LinkedIn | Telegram
The United Arab Emirates’ securities regulator signed a cooperation agreement with Dubai’s crypto regulator to demonstrate “regulatory cohesion” across the country by streamlining its licensing regime.
The UAE’s federal financial agency, the Securities And Commodities Authority (SCA) and Dubai’s crypto regulator, the Virtual Assets Regulatory Authority (VARA), announced an agreement that would allow the mutual…
https://cryptoinsight.ae/uae-regulators-to-allow-dubai-licensed-vasps-to-service-entire-country/
Website | Twitter | LinkedIn | Telegram
Vitalik: L2s that aren’t at least ‘stage 1’ are dead to me
Ethereum co-founder Vitalik Buterin has reiterated his stance on layer-2 decentralization, stating that he only plans to acknowledge scaling solutions at “stage 1” of his decentralization scale.
In a Sept. 12 X post, Buterin said that he takes this “seriously” and that, starting next year, he only plans to publicly mention layer-2 networks that are…
https://cryptoinsight.ae/vitalik-l2s-that-arent-at-least-stage-1-are-dead-to-me/
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Ethereum co-founder Vitalik Buterin has reiterated his stance on layer-2 decentralization, stating that he only plans to acknowledge scaling solutions at “stage 1” of his decentralization scale.
In a Sept. 12 X post, Buterin said that he takes this “seriously” and that, starting next year, he only plans to publicly mention layer-2 networks that are…
https://cryptoinsight.ae/vitalik-l2s-that-arent-at-least-stage-1-are-dead-to-me/
Website | Twitter | LinkedIn | Telegram
UK gov’t introduces bill to clarify crypto’s legal status
The government of the United Kingdom has introduced legislation to assess whether Bitcoin and other cryptocurrencies can be classified as “personal property” under domestic law.
In a Sept. 11 notice, the UK government announced that the Property Bill would clarify the legal status of non-fungible tokens (NFTs), cryptocurrency and carbon credits. The legislation would create…
https://cryptoinsight.ae/uk-govt-introduces-bill-to-clarify-cryptos-legal-status/
Website | Twitter | LinkedIn | Telegram
The government of the United Kingdom has introduced legislation to assess whether Bitcoin and other cryptocurrencies can be classified as “personal property” under domestic law.
In a Sept. 11 notice, the UK government announced that the Property Bill would clarify the legal status of non-fungible tokens (NFTs), cryptocurrency and carbon credits. The legislation would create…
https://cryptoinsight.ae/uk-govt-introduces-bill-to-clarify-cryptos-legal-status/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $57,914.28 (0.0%)
Ethereum ~ $2,346.79 (-0.4%)
Solana ~ $134.49 (-0.1%)
Polkadot ~ $4.30 (2.3%)
Flow ~ $0.5598 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $57,914.28 (0.0%)
Ethereum ~ $2,346.79 (-0.4%)
Solana ~ $134.49 (-0.1%)
Polkadot ~ $4.30 (2.3%)
Flow ~ $0.5598 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
UAE’s central bank approves custodial risk insurance product for digital assets
The Central Bank of the United Arab Emirates (CBUAE) has approved a new product allowing an issuer to provide digital assets custodial risk insurance.
Hong Kong-based insurance provider OneDegree and the UAE’s Dubai Insurance announced that they started providing digital asset custodial risk insurance to UAE customers. The companies, collaborating on a brand called “OneInfinity,”…
https://cryptoinsight.ae/uaes-central-bank-approves-custodial-risk-insurance-product-for-digital-assets/
Website | Twitter | LinkedIn | Telegram
The Central Bank of the United Arab Emirates (CBUAE) has approved a new product allowing an issuer to provide digital assets custodial risk insurance.
Hong Kong-based insurance provider OneDegree and the UAE’s Dubai Insurance announced that they started providing digital asset custodial risk insurance to UAE customers. The companies, collaborating on a brand called “OneInfinity,”…
https://cryptoinsight.ae/uaes-central-bank-approves-custodial-risk-insurance-product-for-digital-assets/
Website | Twitter | LinkedIn | Telegram
Grayscale to launch US XRP trust, paving way for potential ETF
Grayscale Investments, a major cryptocurrency investment firm, is debuting a new crypto trust linked to the XRP cryptocurrency.
Grayscale officially announced on Sept. 12 the creation and public launch of Grayscale XRP Trust, which enables investors to gain exposure to XRP.
The firm noted that Grayscale XRP Trust is immediately open for daily subscription by…
https://cryptoinsight.ae/grayscale-to-launch-us-xrp-trust-paving-way-for-potential-etf/
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Grayscale Investments, a major cryptocurrency investment firm, is debuting a new crypto trust linked to the XRP cryptocurrency.
Grayscale officially announced on Sept. 12 the creation and public launch of Grayscale XRP Trust, which enables investors to gain exposure to XRP.
The firm noted that Grayscale XRP Trust is immediately open for daily subscription by…
https://cryptoinsight.ae/grayscale-to-launch-us-xrp-trust-paving-way-for-potential-etf/
Website | Twitter | LinkedIn | Telegram
USDC issuer Circle adds Arbitrum to Web3 platform
Circle Internet Financial, the manager of dollar-backed stablecoin US Dollar Coin, has integrated layer-2 scaling chain Arbitrum into its Web3 infrastructure platform, according to a Sept. 12 blog post.
The Web3 platform brings USDC-centric programmable wallets, smart contract tooling, and gas-fee abstraction to Arbitrum, the blog post said. With total value locked (TVL) of around…
https://cryptoinsight.ae/usdc-issuer-circle-adds-arbitrum-to-web3-platform/
Website | Twitter | LinkedIn | Telegram
Circle Internet Financial, the manager of dollar-backed stablecoin US Dollar Coin, has integrated layer-2 scaling chain Arbitrum into its Web3 infrastructure platform, according to a Sept. 12 blog post.
The Web3 platform brings USDC-centric programmable wallets, smart contract tooling, and gas-fee abstraction to Arbitrum, the blog post said. With total value locked (TVL) of around…
https://cryptoinsight.ae/usdc-issuer-circle-adds-arbitrum-to-web3-platform/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.19 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $59,999.97 (3.6%)
Ethereum ~ $2,419.46 (3.1%)
Solana ~ $138.12 (2.7%)
Polkadot ~ $4.39 (2.1%)
Flow ~ $0.5605 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.19 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $59,999.97 (3.6%)
Ethereum ~ $2,419.46 (3.1%)
Solana ~ $138.12 (2.7%)
Polkadot ~ $4.39 (2.1%)
Flow ~ $0.5605 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hong Kong considers new licensing regime for OTC crypto trading
Hong Kong’s Securities and Futures Commission (SFC) has sought opinions from industry participants on whether to introduce a new licensing regime for cryptocurrency over-the-counter (OTC) services.
The new regime would see SFC, the securities and futures markets regulator, working with the Customs and Excise Department (C&ED) to supervise the companies offering crypto OTC trading services.…
https://cryptoinsight.ae/hong-kong-considers-new-licensing-regime-for-otc-crypto-trading/
Website | Twitter | LinkedIn | Telegram
Hong Kong’s Securities and Futures Commission (SFC) has sought opinions from industry participants on whether to introduce a new licensing regime for cryptocurrency over-the-counter (OTC) services.
The new regime would see SFC, the securities and futures markets regulator, working with the Customs and Excise Department (C&ED) to supervise the companies offering crypto OTC trading services.…
https://cryptoinsight.ae/hong-kong-considers-new-licensing-regime-for-otc-crypto-trading/
Website | Twitter | LinkedIn | Telegram
Memecoin frenzy goes beyond Solana: Here’s what’s next
Gotbit Hedge Fund is a performance-focused market maker, supporting the growth of the memecoin ecosystem by offering liquidity solutions and advising on project sustainability.
In 2024, the memecoin market has become one of the fastest-growing sectors in the crypto space. What started as a lighthearted, community-driven trend has evolved into a bustling ecosystem where traders…
https://cryptoinsight.ae/memecoin-frenzy-goes-beyond-solana-heres-whats-next/
Website | Twitter | LinkedIn | Telegram
Gotbit Hedge Fund is a performance-focused market maker, supporting the growth of the memecoin ecosystem by offering liquidity solutions and advising on project sustainability.
In 2024, the memecoin market has become one of the fastest-growing sectors in the crypto space. What started as a lighthearted, community-driven trend has evolved into a bustling ecosystem where traders…
https://cryptoinsight.ae/memecoin-frenzy-goes-beyond-solana-heres-whats-next/
Website | Twitter | LinkedIn | Telegram
TON-based restaking protocol secures $100M institutional TVL commitment
Utonic, an emerging restaking protocol on The Open Network (TON), received a $100-million institutional commitment in total value locked (TVL) ahead of protocol launch.
The TON-based restaking protocol received a $100-million commitment from firms including Mirana Ventures and Foresight Ventures.
The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder…
https://cryptoinsight.ae/ton-based-restaking-protocol-secures-100m-institutional-tvl-commitment/
Website | Twitter | LinkedIn | Telegram
Utonic, an emerging restaking protocol on The Open Network (TON), received a $100-million institutional commitment in total value locked (TVL) ahead of protocol launch.
The TON-based restaking protocol received a $100-million commitment from firms including Mirana Ventures and Foresight Ventures.
The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder…
https://cryptoinsight.ae/ton-based-restaking-protocol-secures-100m-institutional-tvl-commitment/
Website | Twitter | LinkedIn | Telegram