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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Ethereum’s chart signals to traders that a new high could hit next week

Ether’s price is forming “structural changes,” indicating that a big move may be on the horizon. Some crypto commentators say it may retest its all-time high within the next seven days.

Bankless podcast host Ryan Adams said in a Dec. 9 X post that a new Ether all-time high “could happen” within the next week.…

https://cryptoinsight.ae/ethereums-chart-signals-to-traders-that-a-new-high-could-hit-next-week/

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Day started from:

The global cryptocurrency market cap today is $3.62 Trillion, a -6.5% change in the last 24 hours

Bitcoin ~ $97,063.32 (-2.1%)
Ethereum ~ $3,718.65 (-5.2%)
Solana ~ $217.68 (-5.9%)
Polkadot ~ $8.58 (-13.9%)
Flow ~ $0.9244 (-16.5%)

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CoinDCX’s BitOasis receives full crypto license in Dubai

Dubai-based cryptocurrency trading platform BitOasis secured a new license in its home jurisdiction after being acquired by Indian crypto exchange CoinDCX.

BitOasis received a full virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Dec. 9.

The acquisition of the full license marked the final step in…

https://cryptoinsight.ae/coindcxs-bitoasis-receives-full-crypto-license-in-dubai/

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Crypto and blockchain will outpace outdated banking systems: Eric Trump

Modern banking systems worldwide are antiquated, and it’s only a matter of time before crypto and blockchain tech surpass them, says Eric Trump, an American businessman and the second son of Donald Trump.

In a Dec. 9 interview with CNBC’s Dan Murphy in Abu Dhabi, ahead of his keynote speech at the Bitcoin Conference, the…

https://cryptoinsight.ae/crypto-and-blockchain-will-outpace-outdated-banking-systems-eric-trump/

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This DeFi upgrade lets users list any market instantly with liquidity

dYdX launches a new upgrade to its trading platform with dYdX Unlimited, bringing features like automatic liquidity and instant market listings to enhance user experience.

Built on the principles of transparency and user empowerment, decentralized exchanges (DEXs) have been steadily gaining traction within the blockchain and cryptocurrency space. Boosted by the memecoin frenzy, DEXs enjoyed…

https://cryptoinsight.ae/this-defi-upgrade-lets-users-list-any-market-instantly-with-liquidity/

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Day started from:

The global cryptocurrency market cap today is $3.63 Trillion, a -0.9% change in the last 24 hours

Bitcoin ~ $97,683.95 (0.7%)
Ethereum ~ $3,669.88 (-1.3%)
Solana ~ $219.23 (1.0%)
Polkadot ~ $8.37 (-2.3%)
Flow ~ $0.8926 (-3.4%)

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Tether’s USDT approved as accepted virtual asset in Abu Dhabi

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority has officially recognized Tether’s USDt stablecoin as an accepted virtual asset (AVA).

With the approval, licensed financial service providers within the ADGM can offer services related to USDT to facilitate its integration into regulated financial ecosystems.

The recognition covers USDT issued on multiple blockchains —…

https://cryptoinsight.ae/tethers-usdt-approved-as-accepted-virtual-asset-in-abu-dhabi/

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Ray Dalio predicts global debt crisis, backs Bitcoin, gold

Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold.

Dalio, the founder of one the world’s largest hedge funds, Bridgewater Associates, said he would invest in “hard money” like gold and Bitcoin while avoiding debt assets, the…

https://cryptoinsight.ae/ray-dalio-predicts-global-debt-crisis-backs-bitcoin-gold/

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Venture firm DNA launches desk for tokenized equity in startups

Venture capital firm DNA Holdings has launched a deal desk for tokenized investments in blockchain-based projects.

The desk targets high-net-worth investors — a term used to describe individuals with liquid assets of at least $1 million — but is also available for other venture firms seeking opportunities in the Web3 space.

The platform runs on…

https://cryptoinsight.ae/venture-firm-dna-launches-desk-for-tokenized-equity-in-startups/

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Day started from:

The global cryptocurrency market cap today is $3.82 Trillion, a 3.9% change in the last 24 hours

Bitcoin ~ $100,545 (3.0%)
Ethereum ~ $3,917.04 (6.8%)
Solana ~ $230.12 (5.0%)
Polkadot ~ $9.42 (12.6%)
Flow ~ $1.03 (15.2%)

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Beam Foundation to debut $150M gaming fund in Abu Dhabi

The Beam Foundation has disclosed plans for an upcoming venture fund in Abu Dhabi targeting blockchain gaming projects.

According to a Dec. 11 announcement, the fund will launch in the first half of 2025 and manage $150 million in capital backed by local investors.

The fund’s investment thesis is primarily focused on blockchain-based games and…

https://cryptoinsight.ae/beam-foundation-to-debut-150m-gaming-fund-in-abu-dhabi/

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DeFi growth boosts oracle market competition — RedStone co-founder

As decentralized finance (DeFi) continues to grow, the demand for oracles — key tools that connect blockchains to real-world data — is surging.

Established providers such as Chainlink face increased competition from emerging players as decentralized applications (DApps) require more efficient data delivery solutions.

Marcin Kaźmierczak, co-founder and chief operating officer of RedStone, discussed trends…

https://cryptoinsight.ae/defi-growth-boosts-oracle-market-competition-redstone-co-founder/

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India preparing for a CBDC-driven economy — Central bank governor

On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the digital rupee.

During the farewell speech on Dec. 10, Das highlighted his six-year-long effort to capitalize on new technologies, including setting up the…

https://cryptoinsight.ae/india-preparing-for-a-cbdc-driven-economy-central-bank-governor/

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Day started from:

The global cryptocurrency market cap today is $3.78 Trillion, a -2.5% change in the last 24 hours

Bitcoin ~ $100,008 (-0.6%)
Ethereum ~ $3,915.46 (-0.1%)
Solana ~ $226.32 (-1.7%)
Polkadot ~ $9.03 (-4.1%)
Flow ~ $0.9804 (-4.7%)

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Why tech giants like Amazon may hesitate to adopt Bitcoin

Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates.

Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin as a solution. However, whether tech giants would see…

https://cryptoinsight.ae/why-tech-giants-like-amazon-may-hesitate-to-adopt-bitcoin/

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New SEC boss Paul Atkins will transform crypto… but not right away

President-elect Donald Trump has tapped pro-crypto businessman and former Securities and Exchange Commissioner Paul Atkins as the next chair of the regulatory agency under his administration, fulfilling his promise to replace current chair Gary Gensler and delighting the crypto industry.

Here’s what we know about Atkins and the potential changes he could bring to the…

https://cryptoinsight.ae/new-sec-boss-paul-atkins-will-transform-crypto-but-not-right-away/

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Crypto wallets explained

Understanding crypto wallets
Crypto wallets are essential tools for anyone looking to buy, sell or store cryptocurrencies. 

Imagine you are about to dive into the world of cryptocurrencies. You have your eyes on Bitcoin or even a few altcoins, but there’s one problem: Where do you keep them? Enter the crypto wallet, your digital safe…

https://cryptoinsight.ae/crypto-wallets-explained/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.84 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $101,913 (1.9%)
Ethereum ~ $3,930.00 (0.4%)
Solana ~ $227.03 (0.3%)
Polkadot ~ $9.07 (0.5%)
Flow ~ $0.9867 (0.7%)

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Market structure bill on agenda in first 100 days — Rep. French Hill

United States representative French Hill recently appeared on CNBC and said that the US desperately needs a crypto market structure bill, which he described as a “top priority” for the Republican Party.

According to Representative Hill, GOP majority leader Steve Scalise aims to introduce a comprehensive crypto market structure bill within the first 100 days…

https://cryptoinsight.ae/market-structure-bill-on-agenda-in-first-100-days-rep-french-hill/

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VanEck predicts Q1 2025 crypto correction before Q4 all-time highs

VanEck expects the cryptocurrency bull market to hit a “medium-term peak” in the first quarter of 2025 before surging to all-time highs by the end of the year, the asset manager said in a Dec. 13 blog post.

“At the cycle’s apex, we project Bitcoin (BTC) to be valued at around $180,000, with Ethereum (ETH)…

https://cryptoinsight.ae/vaneck-predicts-q1-2025-crypto-correction-before-q4-all-time-highs/

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