Can liquid staking tokens depeg due to market volatility?
The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols.
Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications.
However, liquid staking tokens (LSTs) could…
https://cryptoinsight.ae/can-liquid-staking-tokens-depeg-due-to-market-volatility/
Website | Twitter | LinkedIn | Telegram
The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols.
Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications.
However, liquid staking tokens (LSTs) could…
https://cryptoinsight.ae/can-liquid-staking-tokens-depeg-due-to-market-volatility/
Website | Twitter | LinkedIn | Telegram
ETH held in accumulation wallets jumps 65% since the start of 2024
Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst.
“By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million,” CryptoQuant contributor Burakkesmeci wrote in an Oct. 20 analyst note.
11.5M ETH increase…
https://cryptoinsight.ae/eth-held-in-accumulation-wallets-jumps-65-since-the-start-of-2024/
Website | Twitter | LinkedIn | Telegram
Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst.
“By October 18, 2024, the total amount of Ethereum in accumulation addresses surpassed 19 million,” CryptoQuant contributor Burakkesmeci wrote in an Oct. 20 analyst note.
11.5M ETH increase…
https://cryptoinsight.ae/eth-held-in-accumulation-wallets-jumps-65-since-the-start-of-2024/
Website | Twitter | LinkedIn | Telegram
Bitcoin ETF liquidity set to surge after SEC options approval — QCP
Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC).
On Oct. 18, the US SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin exchange-traded…
https://cryptoinsight.ae/bitcoin-etf-liquidity-set-to-surge-after-sec-options-approval-qcp/
Website | Twitter | LinkedIn | Telegram
Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC).
On Oct. 18, the US SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin exchange-traded…
https://cryptoinsight.ae/bitcoin-etf-liquidity-set-to-surge-after-sec-options-approval-qcp/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~$68,962.67 (1.1%)
Ethereum ~ $2,735.83 (3.4%)
Solana ~$170.37 (7.1%)
Polkadot ~ $4.55 (3.3%)
Flow ~ $0.5925 (4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~$68,962.67 (1.1%)
Ethereum ~ $2,735.83 (3.4%)
Solana ~$170.37 (7.1%)
Polkadot ~ $4.55 (3.3%)
Flow ~ $0.5925 (4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Buterin pitches solutions to Ethereum’s staking, block production issues
Ethereum co-creator Vitalik Buterin pitched several solutions to help Ethereum minimize block production and staking centralization through the “Scourge” phase of Ethereum’s technical roadmap.
In an Oct. 20 post, Buterin expressed concern that economies of scale within staking have resulted in small staking pools leaving for larger pools, while two entities built 88% of Ethereum…
https://cryptoinsight.ae/buterin-pitches-solutions-to-ethereums-staking-block-production-issues/
Website | Twitter | LinkedIn | Telegram
Ethereum co-creator Vitalik Buterin pitched several solutions to help Ethereum minimize block production and staking centralization through the “Scourge” phase of Ethereum’s technical roadmap.
In an Oct. 20 post, Buterin expressed concern that economies of scale within staking have resulted in small staking pools leaving for larger pools, while two entities built 88% of Ethereum…
https://cryptoinsight.ae/buterin-pitches-solutions-to-ethereums-staking-block-production-issues/
Website | Twitter | LinkedIn | Telegram
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
A recent research paper by the Federal Reserve Bank of Minneapolis suggests that assets such as Bitcoin should be taxed or banned for governments to maintain deficits.
In an economy where the government tries to maintain permanent deficits using nominal debt, the presence of Bitcoin creates problems for policy implementation, the Minneapolis Fed said in…
https://cryptoinsight.ae/governments-must-tax-or-ban-bitcoin-to-maintain-deficits-minneapolis-fed/
Website | Twitter | LinkedIn | Telegram
A recent research paper by the Federal Reserve Bank of Minneapolis suggests that assets such as Bitcoin should be taxed or banned for governments to maintain deficits.
In an economy where the government tries to maintain permanent deficits using nominal debt, the presence of Bitcoin creates problems for policy implementation, the Minneapolis Fed said in…
https://cryptoinsight.ae/governments-must-tax-or-ban-bitcoin-to-maintain-deficits-minneapolis-fed/
Website | Twitter | LinkedIn | Telegram
Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal
Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.
Tether’s USDt, the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.
Stablecoins are the main on-ramp between…
https://cryptoinsight.ae/tethers-usdt-hits-record-120b-market-cap-flashing-uptober-signal/
Website | Twitter | LinkedIn | Telegram
Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.
Tether’s USDt, the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.
Stablecoins are the main on-ramp between…
https://cryptoinsight.ae/tethers-usdt-hits-record-120b-market-cap-flashing-uptober-signal/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.45 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $67,734.62 (-1.9%)
Ethereum ~ $2,654.72 (-3.1%)
Solana ~ $168.67 (-1.2%)
Polkadot ~ $4.42 (-3.1%)
Flow ~ $0.5759 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.45 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $67,734.62 (-1.9%)
Ethereum ~ $2,654.72 (-3.1%)
Solana ~ $168.67 (-1.2%)
Polkadot ~ $4.42 (-3.1%)
Flow ~ $0.5759 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin hashrate hits all-time high, boosting network security
The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.
The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.
The hashrate has been in a steady uptrend since…
https://cryptoinsight.ae/bitcoin-hashrate-hits-all-time-high-boosting-network-security/
Website | Twitter | LinkedIn | Telegram
The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.
The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.
The hashrate has been in a steady uptrend since…
https://cryptoinsight.ae/bitcoin-hashrate-hits-all-time-high-boosting-network-security/
Website | Twitter | LinkedIn | Telegram
European investors pour record $105B into US Bitcoin ETFs
European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States.
Europeans have invested over $105 billion in spot Bitcoin ETFs year-to-date (YTD), marking an all-time high.
The record European ETF flows were shared by Eric Balchunas, a senior ETF analyst at Bloomberg, who wrote in an…
https://cryptoinsight.ae/european-investors-pour-record-105b-into-us-bitcoin-etfs/
Website | Twitter | LinkedIn | Telegram
European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States.
Europeans have invested over $105 billion in spot Bitcoin ETFs year-to-date (YTD), marking an all-time high.
The record European ETF flows were shared by Eric Balchunas, a senior ETF analyst at Bloomberg, who wrote in an…
https://cryptoinsight.ae/european-investors-pour-record-105b-into-us-bitcoin-etfs/
Website | Twitter | LinkedIn | Telegram
Bridging the physical and onchain: How DePIN shapes physical infrastructures
Decentralized physical infrastructure networks (DePIN) are reshaping how physical resources are managed. DePIN decentralizes control over physical infrastructures by allowing individual contribution, thus enables the building of more efficient infrastructure solutions across various industries while relying less on centralized entities.
The trend is especially relevant for the rapidly expanding Internet of Things (IoT) ecosystem, which…
https://cryptoinsight.ae/bridging-the-physical-and-onchain-how-depin-shapes-physical-infrastructures/
Website | Twitter | LinkedIn | Telegram
Decentralized physical infrastructure networks (DePIN) are reshaping how physical resources are managed. DePIN decentralizes control over physical infrastructures by allowing individual contribution, thus enables the building of more efficient infrastructure solutions across various industries while relying less on centralized entities.
The trend is especially relevant for the rapidly expanding Internet of Things (IoT) ecosystem, which…
https://cryptoinsight.ae/bridging-the-physical-and-onchain-how-depin-shapes-physical-infrastructures/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $67,185.83 (-0.8%)
Ethereum ~ $2,620.40 (-1.3%)
Solana ~ $165.87 (-1.6%)
Polkadot ~ $4.29 (-2.9%)
Flow ~ $0.5566 (-3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $67,185.83 (-0.8%)
Ethereum ~ $2,620.40 (-1.3%)
Solana ~ $165.87 (-1.6%)
Polkadot ~ $4.29 (-2.9%)
Flow ~ $0.5566 (-3.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
SEC lists crypto as an examination priority in 2025
The United States Securities and Exchange Commission (SEC) has again included cryptocurrencies in its list of examination priorities for the next year, even as its leadership and government control could change hands.
In an Oct. 21 notice, the SEC’s Division of Examinations released its priorities for 2025, including crypto assets and their “associated products and…
https://cryptoinsight.ae/sec-lists-crypto-as-an-examination-priority-in-2025/
Website | Twitter | LinkedIn | Telegram
The United States Securities and Exchange Commission (SEC) has again included cryptocurrencies in its list of examination priorities for the next year, even as its leadership and government control could change hands.
In an Oct. 21 notice, the SEC’s Division of Examinations released its priorities for 2025, including crypto assets and their “associated products and…
https://cryptoinsight.ae/sec-lists-crypto-as-an-examination-priority-in-2025/
Website | Twitter | LinkedIn | Telegram
Binance, Crypto.com lose ground to rivals, DEX’s on the rise: Report
Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain momentum.
Binance, the world’s biggest crypto exchange, saw a 13% year-over-year decline in spot trading volume from 52.5% in October 2023 to its current 39.5% market share.
Mirroring its declining spot trading, Binance’s crypto derivatives market share also…
https://cryptoinsight.ae/binance-crypto-com-lose-ground-to-rivals-dexs-on-the-rise-report/
Website | Twitter | LinkedIn | Telegram
Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain momentum.
Binance, the world’s biggest crypto exchange, saw a 13% year-over-year decline in spot trading volume from 52.5% in October 2023 to its current 39.5% market share.
Mirroring its declining spot trading, Binance’s crypto derivatives market share also…
https://cryptoinsight.ae/binance-crypto-com-lose-ground-to-rivals-dexs-on-the-rise-report/
Website | Twitter | LinkedIn | Telegram
Chainlink launches private blockchain transactions for institutions
Chainlink, an Ethereum-based decentralized blockchain oracle network, has launched new technology to help financial institutions maintain data privacy while transacting across blockchain networks.
On Oct. 22, Chainlink introduced two new privacy-preserving capabilities targeting financial institutions that want to use blockchain applications while ensuring complete end-to-end privacy.
The newly launched privacy features include the Blockchain Privacy…
https://cryptoinsight.ae/chainlink-launches-private-blockchain-transactions-for-institutions/
Website | Twitter | LinkedIn | Telegram
Chainlink, an Ethereum-based decentralized blockchain oracle network, has launched new technology to help financial institutions maintain data privacy while transacting across blockchain networks.
On Oct. 22, Chainlink introduced two new privacy-preserving capabilities targeting financial institutions that want to use blockchain applications while ensuring complete end-to-end privacy.
The newly launched privacy features include the Blockchain Privacy…
https://cryptoinsight.ae/chainlink-launches-private-blockchain-transactions-for-institutions/
Website | Twitter | LinkedIn | Telegram
How long does it take to mine 1 Bitcoin?
What is Bitcoin mining?
Bitcoin mining is the process used to validate transactions on the network and introduce new Bitcoin into circulation.
As of July 2024, around 19.5 million Bitcoin were in circulation. However, the cryptocurrency is programmed to have a total supply of 21 million coins, with the remaining 1.5 million Bitcoin yet to…
https://cryptoinsight.ae/how-long-does-it-take-to-mine-1-bitcoin/
Website | Twitter | LinkedIn | Telegram
What is Bitcoin mining?
Bitcoin mining is the process used to validate transactions on the network and introduce new Bitcoin into circulation.
As of July 2024, around 19.5 million Bitcoin were in circulation. However, the cryptocurrency is programmed to have a total supply of 21 million coins, with the remaining 1.5 million Bitcoin yet to…
https://cryptoinsight.ae/how-long-does-it-take-to-mine-1-bitcoin/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $67,373.27 (0.3%)
Ethereum ~ $2,556.58 (-2.4%)
Solana ~ $173.70 (4.7%)
Polkadot ~ $4.23 (-1.4%)
Flow ~ $0.551 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $67,373.27 (0.3%)
Ethereum ~ $2,556.58 (-2.4%)
Solana ~ $173.70 (4.7%)
Polkadot ~ $4.23 (-1.4%)
Flow ~ $0.551 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Vietnam releases blockchain strategy, aims for regional leadership
Vietnam has officially released a National Blockchain Strategy.
The Ministry of Information and Communications (MIC) announced the strategy on Oct. 23, outlining several key objectives to develop the country’s blockchain capabilities.
It aims to develop blockchain technology, establish relevant legal frameworks and promote innovation in what it calls “the Fourth Industrial Revolution.”
Key action areas…
https://cryptoinsight.ae/vietnam-releases-blockchain-strategy-aims-for-regional-leadership/
Website | Twitter | LinkedIn | Telegram
Vietnam has officially released a National Blockchain Strategy.
The Ministry of Information and Communications (MIC) announced the strategy on Oct. 23, outlining several key objectives to develop the country’s blockchain capabilities.
It aims to develop blockchain technology, establish relevant legal frameworks and promote innovation in what it calls “the Fourth Industrial Revolution.”
Key action areas…
https://cryptoinsight.ae/vietnam-releases-blockchain-strategy-aims-for-regional-leadership/
Website | Twitter | LinkedIn | Telegram
Chainlink co-founder unveils blockchain payments for TradFi
Decentralized Oracle provider Chainlink will introduce a new blockchain payment solution for financial institutions.
In collaboration with Swift, a global messaging network used by banks and institutions, Chainlink revealed a new integration enabling institutions to use Swift messages to interact with blockchain technology.
The integration will enable digital asset settlement with minimal adjustments to existing…
https://cryptoinsight.ae/chainlink-co-founder-unveils-blockchain-payments-for-tradfi/
Website | Twitter | LinkedIn | Telegram
Decentralized Oracle provider Chainlink will introduce a new blockchain payment solution for financial institutions.
In collaboration with Swift, a global messaging network used by banks and institutions, Chainlink revealed a new integration enabling institutions to use Swift messages to interact with blockchain technology.
The integration will enable digital asset settlement with minimal adjustments to existing…
https://cryptoinsight.ae/chainlink-co-founder-unveils-blockchain-payments-for-tradfi/
Website | Twitter | LinkedIn | Telegram
6 ‘fat-finger’ mistakes that hit crypto holders in the wallet
The infamous “fat-finger” error is a humbling reminder that the crypto sector is still vulnerable to human goof-ups, no matter how futuristic crypto feels.
A fat-finger error is a mistake in which a user accidentally inputs incorrect information when sending/selling/receiving crypto, typically due to a typing mistake. This can result in massive losses or miscalculations.…
https://cryptoinsight.ae/6-fat-finger-mistakes-that-hit-crypto-holders-in-the-wallet/
Website | Twitter | LinkedIn | Telegram
The infamous “fat-finger” error is a humbling reminder that the crypto sector is still vulnerable to human goof-ups, no matter how futuristic crypto feels.
A fat-finger error is a mistake in which a user accidentally inputs incorrect information when sending/selling/receiving crypto, typically due to a typing mistake. This can result in massive losses or miscalculations.…
https://cryptoinsight.ae/6-fat-finger-mistakes-that-hit-crypto-holders-in-the-wallet/
Website | Twitter | LinkedIn | Telegram