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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Hong Kong’s e-HKD project expands into tokenization, programmability

The Hong Kong Monetary Authority (HKMA) has launched the second phase of the digital Hong Kong dollar (e-HKD) pilot study with 21 financial institutions working on 11 use cases for the central bank digital currency and tokenized deposits. In light of the broadening scope of the project, the HKMA is renaming it Project e-HKD+.

The…

https://cryptoinsight.ae/hong-kongs-e-hkd-project-expands-into-tokenization-programmability/

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Day started from:

The global cryptocurrency market cap today is $2.35 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $63,911.07 (0.9%)
Ethereum ~ $2,612.45 (-1.0%)
Solana ~ $149.97 (2.6%)
Polkadot ~ $4.63 (3.3%)
Flow ~ $0.6097 (4.0%)

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BlackRock’s head of crypto doesn’t see Bitcoin as a ‘risk on’ asset

Bitcoin has been mislabelled as a “risk-on” asset, according to BlackRock’s head of digital assets, Robbie Mitchnick.

“What’s happened a little bit in the crypto industry is a bit of an own goal,” said Mitchnick in an interview with Bloomberg on Sept. 24.

“Some of the crypto research type publications and daily commentaries have taken…

https://cryptoinsight.ae/blackrocks-head-of-crypto-doesnt-see-bitcoin-as-a-risk-on-asset/

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Ethereum is a ‘dictatorship,’ claims Cardano founder Charles Hoskinson

Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said.

Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction.

Hoskinson said that blockchains can elect to keep…

https://cryptoinsight.ae/ethereum-is-a-dictatorship-claims-cardano-founder-charles-hoskinson/

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Kraken acquires Dutch broker BCM as part of European expansion

Kraken has made another strategic acquisition to support its expansion across Europe.

The crypto exchange has announced the closing of the Coin Meester (BCM) acquisition, one of the Netherlands’ oldest registered crypto broker firms.

Through the acquisition, Kraken is now expanding its Dutch footprint and business with a registered virtual asset service provider (VASP) license…

https://cryptoinsight.ae/kraken-acquires-dutch-broker-bcm-as-part-of-european-expansion/

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The global cryptocurrency market cap today is $2.34 Trillion, a -1.5% change in the last 24 hours

Bitcoin ~ $63,675.50 (-0.4%)
Ethereum ~ $2,615.46 (0.1%)
Solana ~ $150.61 (0.3%)
Polkadot ~ $4.78 (3.2%)
Flow ~ $0.6092 (0.1%)

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Societe Generale Forge partners with Bitpanda for euro stablecoin ahead of MiCA

Global banking conglomerate Societe Generale has partnered with Bitpanda, to grow crypto and stablecoins into a key component of the global financial system.

Bitpanda will work with the banking conglomerate’s blockchain subsidiary, Societe Generale-FORGE, to advance the mainstream adoption of its euro-denominated stablecoin EUR CoinVertible (EURCV).

The partnership is a crucial step in making stablecoins…

https://cryptoinsight.ae/societe-generale-forge-partners-with-bitpanda-for-euro-stablecoin-ahead-of-mica/

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BitcoinOS launches BitSNARK ZK verification for enhanced privacy on Bitcoin

BitcoinOS (BOS) has announced that it has open-sourced BitSNARK, a zero-knowledge (ZK) verification protocol for use on Bitcoin.

BitSNARK is the first protocol to bring zk-SNARKs (Succinct Non-Interactive Argument of Knowledge) to Bitcoin.

According to a press release shared with Cointelegraph, the protocol enables privacy preservation in transactions and smart contracts on the blockchain without…

https://cryptoinsight.ae/bitcoinos-launches-bitsnark-zk-verification-for-enhanced-privacy-on-bitcoin/

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A brief history of real-world assets — Why they matter

Real-world asset (RWA) tokenization is an emerging concept that traces back to the advent of blockchain technology. The journey began with Bitcoin’s introduction in 2009, which unveiled a decentralized, secure, and transparent ledger system.

This groundbreaking technology laid the foundation for turning physical assets into digital tokens recorded on a blockchain. However, the real leap…

https://cryptoinsight.ae/a-brief-history-of-real-world-assets-why-they-matter/

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The global cryptocurrency market cap today is $2.41 Trillion, a 1.7% change in the last 24 hours

Bitcoin ~ $65,472.96 (2.8%)
Ethereum ~ $2,663.58 (1.9%)
Solana ~ $158.15 (5.1%)
Polkadot ~ $4.95 (3.6%)
Flow ~ $0.6354 (4.5%)

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Dubai regulator tightens rules on crypto marketing

Dubai’s digital asset regulator will adopt stricter requirements for companies marketing crypto investments in the country.

In a press release sent to Cointelegraph, Dubai’s Virtual Asset Regulatory Authority (VARA) announced that companies promoting digital asset investments in the country should add a disclaimer to their material.

The crypto regulator said that the disclaimer must be…

https://cryptoinsight.ae/dubai-regulator-tightens-rules-on-crypto-marketing/

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Ethereum blob count is ‘uncomfortably close to a ceiling’ — Vitalik Buterin

Ethereum co-founder Vitalik Buterin wants to increase its “blob count” — introduced during its Dencun upgrade — to scale the network further and enable layer-2 protocols to boost capacity.

In a discussion thread following its latest developer call, Buterin revealed that blob space is currently around 75% full, and changes need to be implemented via…

https://cryptoinsight.ae/ethereum-blob-count-is-uncomfortably-close-to-a-ceiling-vitalik-buterin/

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SEC Chair Gensler plugs changes to exchange definition that worries crypto

The United States Securities and Exchange Commission will continue to pursue changes to the definition of “exchange” and alternative trading systems, Chair Gary Gensler told attendees of the US Treasury Market Conference on Sept. 26.

Gensler was speaking about issues that affect the efficiency and resilience of the US Treasury bond market, but that proposal…

https://cryptoinsight.ae/sec-chair-gensler-plugs-changes-to-exchange-definition-that-worries-crypto/

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Day started from:

The global cryptocurrency market cap today is $2.42 Trillion, a -0.6% change in the last 24 hours

Bitcoin ~ $65,850.48 (0.7%)
Ethereum ~ $2,684.11 (0.9%)
Solana ~ $157.46 (-0.4%)
Polkadot ~ $4.84 (-2.0%)
Flow ~ $0.6219 (-2.0%)

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$1.1B TIA token release to push October’s crypto unlocks to almost $2B

Almost $2 billion in tokens from major projects will be released in October, with 175.75 million Celestia tokens — worth $1.1 billion in current market prices — accounting for a huge chunk of the month’s total unlocks.

According to crypto vesting tracker DropsTab, $1.1 billion Celestia tokens will be unlocked on Oct. 31. The tokens…

https://cryptoinsight.ae/1-1b-tia-token-release-to-push-octobers-crypto-unlocks-to-almost-2b/

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Hong Kong to align crypto OTC derivative rules with European standards

Two top-level Hong Kong financial regulators have co-announced their intent to adopt reporting requirements set by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives.

On Sept. 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) shared a plan to bring their OTC reporting requirements up to…

https://cryptoinsight.ae/hong-kong-to-align-crypto-otc-derivative-rules-with-european-standards/

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Global crypto trading competition adds DEX trading for 2024 iteration

Bybit’s World Series of Trading 2024 global crypto competition will kick off in early October, bringing DEX trading for the first time along with a large pool of prizes.

The crypto industry is driven by the concept of “coopetition,” where cooperation and competition go hand in hand. This unique blend establishes an environment where decentralized…

https://cryptoinsight.ae/global-crypto-trading-competition-adds-dex-trading-for-2024-iteration/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.4 Trillion, a -2.0% change in the last 24 hours

Bitcoin ~ $65,556.91 (-0.5%)
Ethereum ~ $2,660.64 (-0.9%)
Solana ~ $155.87 (-1.1%)
Polkadot ~ $4.76 (-1.7%)
Flow ~ $0.6133 (-1.5%)

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US Bitcoin ETFs raked in $1.1B this week, most since mid-July

The United States spot Bitcoin exchange-traded funds raked in more than $1.1 billion this week, making it the largest week of inflows since July 15-19.

It included $494.4 million on Sept. 27 — the best-performing day since June. 4, according to Farside Investors. The solid day came one day after the spot Bitcoin ETFs tallied…

https://cryptoinsight.ae/us-bitcoin-etfs-raked-in-1-1b-this-week-most-since-mid-july/

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Crypto Fear & Greed Index jumps back into greed territory

The Crypto Fear & Greed Index has reached its highest point since July, spending two consecutive days above a score of 60.

The index’s Sept. 28 update showed a score of 64, placing it within the “Greed” territory as the Bitcoin price briefly touched the $66,000 mark, according to CoinMarketCap.

The Crypto Fear & Greed…

https://cryptoinsight.ae/crypto-fear-greed-index-jumps-back-into-greed-territory/

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