Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise
Decentralized identity platform Humanity Protocol has secured $20 million in venture funding to compete with the likes of World Network in the push for onchain identity solutions.
Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to…
https://cryptoinsight.ae/blockchain-identity-platform-humanity-protocol-valued-at-1-1b-after-fundraise/
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Decentralized identity platform Humanity Protocol has secured $20 million in venture funding to compete with the likes of World Network in the push for onchain identity solutions.
Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to…
https://cryptoinsight.ae/blockchain-identity-platform-humanity-protocol-valued-at-1-1b-after-fundraise/
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Crypto exchange launches to address security and liquidity needs in trading
The cryptocurrency industry has seen remarkable growth over the last few years, with the total market cap way past $3 trillion. However, the space still grapples with issues that may unsettle both novice and experienced users.
Security vulnerabilities are a constant threat. Hackers can exploit vulnerabilities to steal funds or personal data, with such incidents…
https://cryptoinsight.ae/crypto-exchange-launches-to-address-security-and-liquidity-needs-in-trading/
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The cryptocurrency industry has seen remarkable growth over the last few years, with the total market cap way past $3 trillion. However, the space still grapples with issues that may unsettle both novice and experienced users.
Security vulnerabilities are a constant threat. Hackers can exploit vulnerabilities to steal funds or personal data, with such incidents…
https://cryptoinsight.ae/crypto-exchange-launches-to-address-security-and-liquidity-needs-in-trading/
Website | Twitter | LinkedIn | Telegram
Trump executive order raises EU concerns over USD stablecoin dominance
US President Donald Trump’s executive order on the country’s leadership in digital financial technology has escalated the European Union’s concerns around US dollar dominance in the stablecoin market.
European Central Bank (ECB) executive board member Piero Cipollone addressed the digital euro’s role in supporting Europe’s financial and strategic autonomy at a panel of the 13th…
https://cryptoinsight.ae/trump-executive-order-raises-eu-concerns-over-usd-stablecoin-dominance/
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US President Donald Trump’s executive order on the country’s leadership in digital financial technology has escalated the European Union’s concerns around US dollar dominance in the stablecoin market.
European Central Bank (ECB) executive board member Piero Cipollone addressed the digital euro’s role in supporting Europe’s financial and strategic autonomy at a panel of the 13th…
https://cryptoinsight.ae/trump-executive-order-raises-eu-concerns-over-usd-stablecoin-dominance/
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Crypto mining stocks loss extend, tech stocks steady after DeepSeek scare
Crypto mining stocks have closed down for the second consecutive day as major tech stocks regained their footing after the US market was rocked by an artificial intelligence model from China’s DeepSeek, triggering concerns about the overvaluation of the country’s AI scene.
Crypto mining firm Riot Platforms (RIOT) closed down 4.37% on Jan. 28, while…
https://cryptoinsight.ae/crypto-mining-stocks-loss-extend-tech-stocks-steady-after-deepseek-scare/
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Crypto mining stocks have closed down for the second consecutive day as major tech stocks regained their footing after the US market was rocked by an artificial intelligence model from China’s DeepSeek, triggering concerns about the overvaluation of the country’s AI scene.
Crypto mining firm Riot Platforms (RIOT) closed down 4.37% on Jan. 28, while…
https://cryptoinsight.ae/crypto-mining-stocks-loss-extend-tech-stocks-steady-after-deepseek-scare/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.71 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $105,303 (2.9%)
Ethereum ~ $3,193.40 (1.6%)
Solana ~ $239.60 (3.5%)
Polkadot ~ $5.94 (2.2%)
Flow ~ $0.6374 (1.9%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.71 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $105,303 (2.9%)
Ethereum ~ $3,193.40 (1.6%)
Solana ~ $239.60 (3.5%)
Polkadot ~ $5.94 (2.2%)
Flow ~ $0.6374 (1.9%)
Follow and subscribe - @GulfCryptoInsight
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Hong Kong SFC grants first crypto licenses of 2025
The Securities and Futures Commission (SFC) of Hong Kong issued the first set of operational licenses of 2025 to two crypto trading platforms. The regulator has issued seven crypto licenses in total since it started a licensing drive in mid-2024.
On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges —…
https://cryptoinsight.ae/hong-kong-sfc-grants-first-crypto-licenses-of-2025/
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The Securities and Futures Commission (SFC) of Hong Kong issued the first set of operational licenses of 2025 to two crypto trading platforms. The regulator has issued seven crypto licenses in total since it started a licensing drive in mid-2024.
On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges —…
https://cryptoinsight.ae/hong-kong-sfc-grants-first-crypto-licenses-of-2025/
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Digital Currency Group spins out new crypto mining subsidiary
Venture capital company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets.
According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining…
https://cryptoinsight.ae/digital-currency-group-spins-out-new-crypto-mining-subsidiary/
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Venture capital company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, signaling its intent to provide institutional exposure to a diversified pool of mined crypto assets.
According to a Jan. 29 announcement on the X social media platform, Fortitude Mining has been established as DCG’s standalone mining business. Previously, the mining…
https://cryptoinsight.ae/digital-currency-group-spins-out-new-crypto-mining-subsidiary/
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Crypto mobile wallets hit 36M record high amid growing retail adoption
Mobile cryptocurrency users have reached a new all-time high, as Increasingly more passive cryptocurrency holders are turning into active users, showcasing growing mainstream adoption.
Mobile cryptocurrency wallets reached a new all-time high of over 36 million in the fourth quarter of 2024, according to Coinbase’s quarterly crypto market report, published on Jan. 29.
“Mobile wallets…
https://cryptoinsight.ae/crypto-mobile-wallets-hit-36m-record-high-amid-growing-retail-adoption/
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Mobile cryptocurrency users have reached a new all-time high, as Increasingly more passive cryptocurrency holders are turning into active users, showcasing growing mainstream adoption.
Mobile cryptocurrency wallets reached a new all-time high of over 36 million in the fourth quarter of 2024, according to Coinbase’s quarterly crypto market report, published on Jan. 29.
“Mobile wallets…
https://cryptoinsight.ae/crypto-mobile-wallets-hit-36m-record-high-amid-growing-retail-adoption/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.7 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $104,437 (-0.8%)
Ethereum ~ $3,244.47 (1.5%)
Solana ~ $237.31 (-1.0%)
Polkadot ~ $6.14 (3.3%)
Flow ~ $0.6404 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.7 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $104,437 (-0.8%)
Ethereum ~ $3,244.47 (1.5%)
Solana ~ $237.31 (-1.0%)
Polkadot ~ $6.14 (3.3%)
Flow ~ $0.6404 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Grayscale launches Bitcoin Miners ETF to offer BTC mining exposure
Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining.
Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin miners and the BTC mining ecosystem, the company announced on Jan. 30.
The fund invests specifically in companies…
https://cryptoinsight.ae/grayscale-launches-bitcoin-miners-etf-to-offer-btc-mining-exposure/
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Major cryptocurrency asset manager Grayscale continued expanding its crypto investment offerings, launching a new exchange-traded fund (ETF) offering exposure to Bitcoin mining.
Grayscale is debuting Grayscale Bitcoin Miners ETF (MNRS), an investment product offering exposure to Bitcoin miners and the BTC mining ecosystem, the company announced on Jan. 30.
The fund invests specifically in companies…
https://cryptoinsight.ae/grayscale-launches-bitcoin-miners-etf-to-offer-btc-mining-exposure/
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Tether’s stablecoin to be integrated into Bitcoin Lightning
Tether said it’s bringing its namesake stablecoin to Bitcoin through the layer 2 scaling service, the Lightning Network.
Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark announced the partnership on stage at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30.
Tether said in a blog post that Lightning…
https://cryptoinsight.ae/tethers-stablecoin-to-be-integrated-into-bitcoin-lightning/
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Tether said it’s bringing its namesake stablecoin to Bitcoin through the layer 2 scaling service, the Lightning Network.
Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark announced the partnership on stage at the Bitcoin-focused Plan B conference in San Salvador, El Salvador, on Jan. 30.
Tether said in a blog post that Lightning…
https://cryptoinsight.ae/tethers-stablecoin-to-be-integrated-into-bitcoin-lightning/
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DeepSeek, explained: What it is and how it works
What is DeepSeek?
DeepSeek is an AI model (a chatbot) that functions similarly to ChatGPT, enabling users to perform tasks like coding, reasoning and mathematical problem-solving. It is powered by the R1 model, which boasts 670 billion parameters, making it the largest open-source large language model as of Jan. 28, 2025.
DeepSeek developed two models:…
https://cryptoinsight.ae/deepseek-explained-what-it-is-and-how-it-works/
Website | Twitter | LinkedIn | Telegram
What is DeepSeek?
DeepSeek is an AI model (a chatbot) that functions similarly to ChatGPT, enabling users to perform tasks like coding, reasoning and mathematical problem-solving. It is powered by the R1 model, which boasts 670 billion parameters, making it the largest open-source large language model as of Jan. 28, 2025.
DeepSeek developed two models:…
https://cryptoinsight.ae/deepseek-explained-what-it-is-and-how-it-works/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.66 Trillion, a -2.3% change in the last 24 hours
Bitcoin ~ $102,320 (-2.0%)
Ethereum ~ $3,292.73 (1.5%)
Solana ~ $231.20 (-2.5%)
Polkadot ~ $6.44 (4.8%)
Flow ~ $0.6535 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.66 Trillion, a -2.3% change in the last 24 hours
Bitcoin ~ $102,320 (-2.0%)
Ethereum ~ $3,292.73 (1.5%)
Solana ~ $231.20 (-2.5%)
Polkadot ~ $6.44 (4.8%)
Flow ~ $0.6535 (2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Stablecoin volumes surpassed Visa and Mastercard combined in 2024
Stablecoins, which play a major role in the global cryptocurrency ecosystem, saw massive adoption in 2024, with their transfer volumes beating those of Visa and Mastercard combined.
The annual stablecoin transfer volume reached $27.6 trillion last year, surpassing the combined volumes of Visa and Mastercard by 7.7%, according to a Jan. 31 report by crypto…
https://cryptoinsight.ae/stablecoin-volumes-surpassed-visa-and-mastercard-combined-in-2024/
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Stablecoins, which play a major role in the global cryptocurrency ecosystem, saw massive adoption in 2024, with their transfer volumes beating those of Visa and Mastercard combined.
The annual stablecoin transfer volume reached $27.6 trillion last year, surpassing the combined volumes of Visa and Mastercard by 7.7%, according to a Jan. 31 report by crypto…
https://cryptoinsight.ae/stablecoin-volumes-surpassed-visa-and-mastercard-combined-in-2024/
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Uniswap v4 launches on 12 chains
Uniswap has launched its v4 decentralized exchange (DEX) on 12 blockchain networks, including Ethereum and Avalanche, the Uniswap Foundation said on Jan. 31.
The upgraded DEX introduces “hooks,” plugins that let developers create custom logic for cryptocurrency trading pairs, Uniswap said.
Uniswap v4 will also operate on layer-2 scaling networks, including Arbitrum, Base, Optimism and…
https://cryptoinsight.ae/uniswap-v4-launches-on-12-chains/
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Uniswap has launched its v4 decentralized exchange (DEX) on 12 blockchain networks, including Ethereum and Avalanche, the Uniswap Foundation said on Jan. 31.
The upgraded DEX introduces “hooks,” plugins that let developers create custom logic for cryptocurrency trading pairs, Uniswap said.
Uniswap v4 will also operate on layer-2 scaling networks, including Arbitrum, Base, Optimism and…
https://cryptoinsight.ae/uniswap-v4-launches-on-12-chains/
Website | Twitter | LinkedIn | Telegram
Grayscale launches Dogecoin investment fund
Grayscale Investments has launched an investment fund for Dogecoin, the most popular memecoin by market cap, the asset manager said on Jan. 31.
Grayscale Dogecoin Trust offers investors exposure to “the native coin of the Dogecoin network, an open-source peer-to-peer digital currency originally derived from Litecoin, which itself originated from Bitcoin,” Grayscale said. The trust…
https://cryptoinsight.ae/grayscale-launches-dogecoin-investment-fund/
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Grayscale Investments has launched an investment fund for Dogecoin, the most popular memecoin by market cap, the asset manager said on Jan. 31.
Grayscale Dogecoin Trust offers investors exposure to “the native coin of the Dogecoin network, an open-source peer-to-peer digital currency originally derived from Litecoin, which itself originated from Bitcoin,” Grayscale said. The trust…
https://cryptoinsight.ae/grayscale-launches-dogecoin-investment-fund/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.53 Trillion, a -5.1% change in the last 24 hours
Bitcoin ~ $100,225 (-1.9%)
Ethereum ~ $3,122.46 (-5.1%)
Solana ~ $212.90 (-7.9%)
Polkadot ~ $5.86 (-9.0%)
Flow ~ $0.5934 (-9.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.53 Trillion, a -5.1% change in the last 24 hours
Bitcoin ~ $100,225 (-1.9%)
Ethereum ~ $3,122.46 (-5.1%)
Solana ~ $212.90 (-7.9%)
Polkadot ~ $5.86 (-9.0%)
Flow ~ $0.5934 (-9.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Coinbase acquires ads platform Spindl to tackle ‘onchain discovery problem’
Crypto exchange Coinbase has acquired Spindl, an onchain advertising and attribution platform, as part of a broader push to expand the reach for projects built on its Ethereum layer-2 network Base.
“Coinbase has acquired Spindl, an onchain ads and attribution platform (re)building the ad tech stack onchain, to improve the onchain discovery problem for onchain…
https://cryptoinsight.ae/coinbase-acquires-ads-platform-spindl-to-tackle-onchain-discovery-problem/
Website | Twitter | LinkedIn | Telegram
Crypto exchange Coinbase has acquired Spindl, an onchain advertising and attribution platform, as part of a broader push to expand the reach for projects built on its Ethereum layer-2 network Base.
“Coinbase has acquired Spindl, an onchain ads and attribution platform (re)building the ad tech stack onchain, to improve the onchain discovery problem for onchain…
https://cryptoinsight.ae/coinbase-acquires-ads-platform-spindl-to-tackle-onchain-discovery-problem/
Website | Twitter | LinkedIn | Telegram
Swiss bank UBS tests blockchain for digital gold investments on ZKsync
Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors.
The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, on the Ethereum layer-2 (L2) network ZKsync Validium.
By leveraging ZKsync,…
https://cryptoinsight.ae/swiss-bank-ubs-tests-blockchain-for-digital-gold-investments-on-zksync/
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Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors.
The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, on the Ethereum layer-2 (L2) network ZKsync Validium.
By leveraging ZKsync,…
https://cryptoinsight.ae/swiss-bank-ubs-tests-blockchain-for-digital-gold-investments-on-zksync/
Website | Twitter | LinkedIn | Telegram
Network states will one day compete with nation-states — Web3 exec
Dr. Corey Petty, the chief insights officer at Logos — an initiative focused on developing decentralized peer-to-peer infrastructure for a network state — told Cointelegraph that network states will one day rival established countries and governance structures.
According to Petty, blockchain technology provides individuals with the three necessary components to establish self-governing, sovereign communities in…
https://cryptoinsight.ae/network-states-will-one-day-compete-with-nation-states-web3-exec/
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Dr. Corey Petty, the chief insights officer at Logos — an initiative focused on developing decentralized peer-to-peer infrastructure for a network state — told Cointelegraph that network states will one day rival established countries and governance structures.
According to Petty, blockchain technology provides individuals with the three necessary components to establish self-governing, sovereign communities in…
https://cryptoinsight.ae/network-states-will-one-day-compete-with-nation-states-web3-exec/
Website | Twitter | LinkedIn | Telegram