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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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.13 Trillion, a 2.9% change in the last 24 hours

Bitcoin ~ $90,200.23 (3.6%)
Ethereum ~ $3,232.59 (2.3%)
Solana ~ $220.09 (6.5%)
Polkadot ~ $5.19 (2.8%)
Flow ~ $0.606 (5.3%)

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Crypto firms push for SEC changes, crypto out of courts

With Donald Trump’s reelection and a Republican majority in the Senate, crypto firms are ready to advocate for a “fresh perspective” on federal agencies.

Ripple, one of the crypto companies engaged in battle courts with United States regulators, expects the new White House administration to remove digital assets’ policy from the courts, hoping for changes…

https://cryptoinsight.ae/crypto-firms-push-for-sec-changes-crypto-out-of-courts/

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Bitcoin strategic reserve unlikely under Trump — Mike Novogratz

Mike Novogratz, the founder of crypto investment and research firm Galaxy Digital, believes there is a “Low probability” that President-Elect Trump will establish a Bitcoin strategic reserve during his term.

In an interview with Bloomberg TV, the Galaxy Digital CEO explained that he expects a clash between the different branches of government to obstruct the…

https://cryptoinsight.ae/bitcoin-strategic-reserve-unlikely-under-trump-mike-novogratz/

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Trump taps Elon Musk and Vivek Ramaswamy to slash gov’t with ‘DOGE’

United States President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new government agency, the Department of Government Efficiency (DOGE), aimed at reducing federal spending and cutting regulations.

The new organization will “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump stated.

“This will send shockwaves…

https://cryptoinsight.ae/trump-taps-elon-musk-and-vivek-ramaswamy-to-slash-govt-with-doge/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.05 Trillion, a -4.0% change in the last 24 hours

Bitcoin ~ $88,011.36 (-2.3%)
Ethereum ~ $3,070.58 (-4.9%)
Solana ~ $209.61 (-4.7%)
Polkadot ~ $4.88 (-6.1%)
Flow ~ $0.5815 (-4.3%)

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SEC crypto cases will be ‘dismissed or settled’ under Trump: Consensys CEO

The ongoing legal battles between crypto firms and the United States securities regulator will likely fade away with Donald Trump reelected as the 47th president of the United States, Consensys CEO Joe Lubin said.

“So my guess is, in a way that is not embarrassing, they figure out ways to get the cases dismissed or…

https://cryptoinsight.ae/sec-crypto-cases-will-be-dismissed-or-settled-under-trump-consensys-ceo/

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Institutional investors signal long-term commitment to crypto

Growing confidence in Bitcoin and the broader cryptocurrency market has led most institutional investors to plan increased long-term allocations in crypto.

In its annual Future Finance survey, Swiss crypto bank Sygnum found a higher appetite for crypto assets among institutional investors. The survey report, released on Nov. 14 and shared with Cointelegraph, highlighted shifting interests…

https://cryptoinsight.ae/institutional-investors-signal-long-term-commitment-to-crypto/

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How to build a cryptocurrency mining rig

Key takeaways

Building a Bitcoin mining rig in 2024 requires a significant upfront investment and ongoing electricity costs.
Joining a mining pool can help offset costs and provide stabler monthly returns compared to solo mining.
The type of cryptocurrency you choose to mine will determine your hardware and software requirements, with Bitcoin requiring ASICs, while…

https://cryptoinsight.ae/how-to-build-a-cryptocurrency-mining-rig/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.17 Trillion, a 3.1% change in the last 24 hours

Bitcoin ~ $91,405.18 (3.9%)
Ethereum ~ $3,128.90 (2.0%)
Solana ~ $220.12 (4.9%)
Polkadot ~ $5.28 (8.3%)
Flow ~ $0.6365 (9.6%)

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EU regulator sets restrictive measure guidelines for crypto providers

The European Banking Authority (EBA), Europe’s regulatory agency in charge of addressing weaknesses in the banking sector, published two sets of guidelines, including a specific guide for payment service providers (PSPs) and crypto-asset service providers (CASPs).

On Nov. 14, the EBA released guidelines that specify what PSPs and CASPs must do to comply with the…

https://cryptoinsight.ae/eu-regulator-sets-restrictive-measure-guidelines-for-crypto-providers/

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Financial institutions will drive RWA tokenization’s trillion-dollar growth

Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth.

Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets.

Large financial institutions will be…

https://cryptoinsight.ae/financial-institutions-will-drive-rwa-tokenizations-trillion-dollar-growth/

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Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

Tether minted $1 billion in USDt stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.

The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.”

Onchain records also…

https://cryptoinsight.ae/tether-mints-1-billion-usdt-on-tron-pays-zero-fees-arkham/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.17 Trillion, a -1.6% change in the last 24 hours

Bitcoin ~ $90,550.27 (-0.8%)
Ethereum ~ $3,114.07 (-0.4%)
Solana ~ $237.70 (8.1%)
Polkadot ~ $5.61 (6.6%)
Flow ~ $0.6653 (4.8%)

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‘There is a global race underway for Bitcoin’ — Anthony Pompliano

Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin arms race between sovereign nations and governments has already started.

In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the…

https://cryptoinsight.ae/there-is-a-global-race-underway-for-bitcoin-anthony-pompliano/

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Chainlink introduces the ‘Chainlink Runtime Environment’ framework

Oracle provider Chainlink has revealed the “Chainlink Runtime Environment” — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem.

According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL)…

https://cryptoinsight.ae/chainlink-introduces-the-chainlink-runtime-environment-framework/

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No apology can ‘undo the damage’ Gary Gensler has caused: Tyler Winklevoss

Cryptocurrency exchange Gemini co-founder Tyler Winklevoss claims the damage caused by United States Securities and Exchange Commission (SEC) chair Gary Gensler to the crypto industry is irreversible as speculation mounts that Gensler may resign.

“Let’s all be clear on one thing. Gary Gensler is evil,” Winklevoss declared in a Nov. 15 X post. “He should…

https://cryptoinsight.ae/no-apology-can-undo-the-damage-gary-gensler-has-caused-tyler-winklevoss/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.2 Trillion, a -0.5% change in the last 24 hours

Bitcoin ~ $90,908.91 (0.5%)
Ethereum ~ $3,124.59 (0.5%)
Solana ~ $242.91 (2.7%)
Polkadot ~ $5.90 (5.1%)
Flow ~ $0.6974 (5.0%)

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‘DOGE’ could increase economic freedom in US — Coinbase CEO

Coinbase CEO Brian Armstrong has voiced support for the newly created United States Department of Government Efficiency (DOGE), a federal agency focused on reducing spending and cutting regulations. The department will be led by Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy.

On Aug. 20, US President-elect Donald Trump floated the idea of bringing Musk…

https://cryptoinsight.ae/doge-could-increase-economic-freedom-in-us-coinbase-ceo/

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Look out, Solana: Starknet to 4X TPS within 3 months

StarkWare CEO Eli Ben Sasson says he expects transaction speed on the firm’s Ethereum layer 2 Starknet to increase four-fold while fees fall “5x” over the next three months — which could see it competing with the likes of Solana.

The network improvements will mostly come from “better compilation and faster execution” on Cairo —…

https://cryptoinsight.ae/look-out-solana-starknet-to-4x-tps-within-3-months/

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OP_VAULT explained: How it could enhance Bitcoin security

What is OP_VAULT?
OP_VAULT is a feature that adds extra security to Bitcoin, helping protect it from theft or unauthorized access.

The decentralized nature of Bitcoin has revolutionized the digital economy. Still, as its use grows, so does the need for enhanced security. This is where OP_VAULT comes in, an innovative feature introducing a mechanism…

https://cryptoinsight.ae/op_vault-explained-how-it-could-enhance-bitcoin-security/

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