Hello there!
Day started from:
The global cryptocurrency market cap today is $3.16 Trillion, a -11.7% change in the last 24 hours
Bitcoin ~ $94,055.80 (-6.3%)
Ethereum ~ $2,514.97 (-19.7%)
Solana ~ $196.41 (-8.0%)
Polkadot ~ $4.45 (-24.0%)
Flow ~ $0.4555 (-23.4%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.16 Trillion, a -11.7% change in the last 24 hours
Bitcoin ~ $94,055.80 (-6.3%)
Ethereum ~ $2,514.97 (-19.7%)
Solana ~ $196.41 (-8.0%)
Polkadot ~ $4.45 (-24.0%)
Flow ~ $0.4555 (-23.4%)
Follow and subscribe - @GulfCryptoInsight
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Nasdaq futures plunge 2.7% as Trump’s trade war rattles markets
United States stock market futures plummeted after US President Donald Trump’s recently announced trade tariffs on China, Mexico and Canada, while almost half a trillion dollars exited crypto markets over the past 24 hours.
Nasdaq 100 futures slumped on Feb. 3, having fallen almost 2.7%, according to Finviz. Meanwhile, other US equity futures opened down,…
https://cryptoinsight.ae/nasdaq-futures-plunge-2-7-as-trumps-trade-war-rattles-markets/
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United States stock market futures plummeted after US President Donald Trump’s recently announced trade tariffs on China, Mexico and Canada, while almost half a trillion dollars exited crypto markets over the past 24 hours.
Nasdaq 100 futures slumped on Feb. 3, having fallen almost 2.7%, according to Finviz. Meanwhile, other US equity futures opened down,…
https://cryptoinsight.ae/nasdaq-futures-plunge-2-7-as-trumps-trade-war-rattles-markets/
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India may change crypto policy due to international adoption: report
The Indian government, which has historically been opposed to crypto, is reviewing its regulatory policy in response to adoption by other nation-states.
According to Reuters, India’s economic affairs secretary, Ajay Seth, said that digital assets “Don’t believe in borders” — signaling that India does not want to get left behind in the digital asset revolution.…
https://cryptoinsight.ae/india-may-change-crypto-policy-due-to-international-adoption-report/
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The Indian government, which has historically been opposed to crypto, is reviewing its regulatory policy in response to adoption by other nation-states.
According to Reuters, India’s economic affairs secretary, Ajay Seth, said that digital assets “Don’t believe in borders” — signaling that India does not want to get left behind in the digital asset revolution.…
https://cryptoinsight.ae/india-may-change-crypto-policy-due-to-international-adoption-report/
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Thailand SEC plans to launch tokenized securities trading system
The Securities and Exchange Commission of Thailand is planning to launch a distributed ledger technology-based trading platform for securities firms to trade digital tokens.
The deputy secretary-general of the Thai SEC said that token investments were gaining traction and the regulator will allow securities companies to trade digital tokens to capitalize on their large investor…
https://cryptoinsight.ae/thailand-sec-plans-to-launch-tokenized-securities-trading-system/
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The Securities and Exchange Commission of Thailand is planning to launch a distributed ledger technology-based trading platform for securities firms to trade digital tokens.
The deputy secretary-general of the Thai SEC said that token investments were gaining traction and the regulator will allow securities companies to trade digital tokens to capitalize on their large investor…
https://cryptoinsight.ae/thailand-sec-plans-to-launch-tokenized-securities-trading-system/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.46 Trillion, a 8.2% change in the last 24 hours
Bitcoin ~ $99,500.88 (5.5%)
Ethereum ~ $2,718.50 (7.8%)
Solana ~ $205.93 (4.5%)
Polkadot ~ $4.75 (6.0%)
Flow ~ $0.4938 (8.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.46 Trillion, a 8.2% change in the last 24 hours
Bitcoin ~ $99,500.88 (5.5%)
Ethereum ~ $2,718.50 (7.8%)
Solana ~ $205.93 (4.5%)
Polkadot ~ $4.75 (6.0%)
Flow ~ $0.4938 (8.1%)
Follow and subscribe - @GulfCryptoInsight
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The million-dollar mistake: Bad advice can destroy your UAE crypto company
Opinion by: Irina Heaver, Bitcoin and crypto lawyer
The United Arab Emirates has positioned itself as a global capital of crypto innovation. With zero personal income tax, low corporate taxes and some of the clearest regulatory frameworks in the world, entrepreneurs are flocking to Dubai, Abu Dhabi, Ras Al Khaimah and beyond to set up…
https://cryptoinsight.ae/the-million-dollar-mistake-bad-advice-can-destroy-your-uae-crypto-company/
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Opinion by: Irina Heaver, Bitcoin and crypto lawyer
The United Arab Emirates has positioned itself as a global capital of crypto innovation. With zero personal income tax, low corporate taxes and some of the clearest regulatory frameworks in the world, entrepreneurs are flocking to Dubai, Abu Dhabi, Ras Al Khaimah and beyond to set up…
https://cryptoinsight.ae/the-million-dollar-mistake-bad-advice-can-destroy-your-uae-crypto-company/
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RWAs rise to $17B all-time high, as Bitcoin falls below $100K
Real-world assets (RWAs) reached a new cumulative all-time high following Bitcoin’s decline below $100,000.
RWA tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities of these assets.
Onchain RWAs have reached a cumulative all-time high of more than $17.1 billion across over 82,000 total…
https://cryptoinsight.ae/rwas-rise-to-17b-all-time-high-as-bitcoin-falls-below-100k/
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Real-world assets (RWAs) reached a new cumulative all-time high following Bitcoin’s decline below $100,000.
RWA tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities of these assets.
Onchain RWAs have reached a cumulative all-time high of more than $17.1 billion across over 82,000 total…
https://cryptoinsight.ae/rwas-rise-to-17b-all-time-high-as-bitcoin-falls-below-100k/
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More than 50% of validators signal to increase ETH gas limit
Over 50% of Ethereum validators have signaled support for raising the network’s gas limit, increasing the maximum amount of gas that can be used for transactions in a single Ethereum block.
As of Feb. 4, Gaslimit.pics, which actively tracks the progress of validators’ support for a higher gas limit, shows 52% of validators are in…
https://cryptoinsight.ae/more-than-50-of-validators-signal-to-increase-eth-gas-limit/
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Over 50% of Ethereum validators have signaled support for raising the network’s gas limit, increasing the maximum amount of gas that can be used for transactions in a single Ethereum block.
As of Feb. 4, Gaslimit.pics, which actively tracks the progress of validators’ support for a higher gas limit, shows 52% of validators are in…
https://cryptoinsight.ae/more-than-50-of-validators-signal-to-increase-eth-gas-limit/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $98,045.06 (-1.7%)
Ethereum ~ $2,759.20 (1.2%)
Solana ~ $206.36 (-0.2%)
Polkadot ~ $4.75 (-0.4%)
Flow ~ $0.4994 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $98,045.06 (-1.7%)
Ethereum ~ $2,759.20 (1.2%)
Solana ~ $206.36 (-0.2%)
Polkadot ~ $4.75 (-0.4%)
Flow ~ $0.4994 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
L1 blockchain releases major rebrand to expand its mission and scale for Web3 finance
Injective, a layer-1 blockchain purpose-built for finance, is rebranding to reflect its evolution into an ecosystem that merges traditional and onchain finance. The new brand identity embodies Injective’s growth and its mission to create a more open and efficient financial system through onchain.
Decentralized finance (DeFi) has come a long way since its inception. What…
https://cryptoinsight.ae/l1-blockchain-releases-major-rebrand-to-expand-its-mission-and-scale-for-web3-finance/
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Injective, a layer-1 blockchain purpose-built for finance, is rebranding to reflect its evolution into an ecosystem that merges traditional and onchain finance. The new brand identity embodies Injective’s growth and its mission to create a more open and efficient financial system through onchain.
Decentralized finance (DeFi) has come a long way since its inception. What…
https://cryptoinsight.ae/l1-blockchain-releases-major-rebrand-to-expand-its-mission-and-scale-for-web3-finance/
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SEC is evaluating ‘retroactive relief’ for past coin offerings
The US Securities and Exchange Commission is carving out a new path for the cryptocurrency sector, including evaluating the security status of crypto assets and potentially providing “retroactive relief” for certain token offerings.
According to a Feb. 4 statement issued by SEC Commissioner Hester Peirce, the White House’s newly announced Crypto Task Force will use…
https://cryptoinsight.ae/sec-is-evaluating-retroactive-relief-for-past-coin-offerings/
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The US Securities and Exchange Commission is carving out a new path for the cryptocurrency sector, including evaluating the security status of crypto assets and potentially providing “retroactive relief” for certain token offerings.
According to a Feb. 4 statement issued by SEC Commissioner Hester Peirce, the White House’s newly announced Crypto Task Force will use…
https://cryptoinsight.ae/sec-is-evaluating-retroactive-relief-for-past-coin-offerings/
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Bitcoin block size could grow to 4 MB with inscriptions: Research
Widespread adoption of inscriptions could drive the Bitcoin network’s average block size as high as 4 megabytes (MB) per block, far higher than current averages, according to a Feb. 4 report by Mempool Research.
Bitcoin’s average block size — the amount of data contained in each block posted to the network’s public ledger — is…
https://cryptoinsight.ae/bitcoin-block-size-could-grow-to-4-mb-with-inscriptions-research/
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Widespread adoption of inscriptions could drive the Bitcoin network’s average block size as high as 4 megabytes (MB) per block, far higher than current averages, according to a Feb. 4 report by Mempool Research.
Bitcoin’s average block size — the amount of data contained in each block posted to the network’s public ledger — is…
https://cryptoinsight.ae/bitcoin-block-size-could-grow-to-4-mb-with-inscriptions-research/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $98,134.76 (0.2%)
Ethereum ~ $2,842.50 (3.1%)
Solana ~ $203.18 (-1.5%)
Polkadot ~ $4.80 (1.3%)
Flow ~ $0.4952 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $98,134.76 (0.2%)
Ethereum ~ $2,842.50 (3.1%)
Solana ~ $203.18 (-1.5%)
Polkadot ~ $4.80 (1.3%)
Flow ~ $0.4952 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
US wants to bring stablecoins onshore, Trump’s crypto czar says
US President Donald Trump’s administration has confirmed plans to regulate and bring stablecoin innovation onshore, according to Trump’s crypto czar, David Sacks.
Stablecoins are one of the key areas of focus for the Trump administration, alongside Bitcoin adoption and blockchain development, Sacks said on CNBC’s Closing Bell Over Time on Feb. 4.
The stablecoin market…
https://cryptoinsight.ae/us-wants-to-bring-stablecoins-onshore-trumps-crypto-czar-says/
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US President Donald Trump’s administration has confirmed plans to regulate and bring stablecoin innovation onshore, according to Trump’s crypto czar, David Sacks.
Stablecoins are one of the key areas of focus for the Trump administration, alongside Bitcoin adoption and blockchain development, Sacks said on CNBC’s Closing Bell Over Time on Feb. 4.
The stablecoin market…
https://cryptoinsight.ae/us-wants-to-bring-stablecoins-onshore-trumps-crypto-czar-says/
Website | Twitter | LinkedIn | Telegram
FDIC releases 790 pages of crypto-related letters in regulatory pivot
The Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the United States, has released 790 pages of additional correspondence related to firms offering crypto services to clients.
According to the FDIC, the documents show requests from banks and other institutions to offer crypto services to clients were almost always met with resistance,…
https://cryptoinsight.ae/fdic-releases-790-pages-of-crypto-related-letters-in-regulatory-pivot/
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The Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the United States, has released 790 pages of additional correspondence related to firms offering crypto services to clients.
According to the FDIC, the documents show requests from banks and other institutions to offer crypto services to clients were almost always met with resistance,…
https://cryptoinsight.ae/fdic-releases-790-pages-of-crypto-related-letters-in-regulatory-pivot/
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BlackRock to launch Bitcoin ETP in Europe — Report
BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg.
The move comes after BlackRock’s US spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), drew upward of $57 billion in net assets after launching in January 2024. BlackRock’s IBIT…
https://cryptoinsight.ae/blackrock-to-launch-bitcoin-etp-in-europe-report/
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BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg.
The move comes after BlackRock’s US spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), drew upward of $57 billion in net assets after launching in January 2024. BlackRock’s IBIT…
https://cryptoinsight.ae/blackrock-to-launch-bitcoin-etp-in-europe-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.28 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $97,299.21 (-0.9%)
Ethereum ~ $2,706.26 (-4.7%)
Solana ~ $192.18 (-5.4%)
Polkadot ~ $4.59 (-4.3%)
Flow ~ $0.4752 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.28 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $97,299.21 (-0.9%)
Ethereum ~ $2,706.26 (-4.7%)
Solana ~ $192.18 (-5.4%)
Polkadot ~ $4.59 (-4.3%)
Flow ~ $0.4752 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Tether brings USDT stablecoin to UAE real estate market with Reelly Tech
Cryptocurrency firm Tether is expanding the use of its USDt stablecoin in real estate transactions through a new partnership with Reelly Tech, a United Arab Emirates-based real estate platform.
The partnership aims to simplify property transactions using Tether’s USDt stablecoin.
As part of the partnership, Reelly Tech will offer its customers the opportunity to use…
https://cryptoinsight.ae/tether-brings-usdt-stablecoin-to-uae-real-estate-market-with-reelly-tech/
Website | Twitter | LinkedIn | Telegram
Cryptocurrency firm Tether is expanding the use of its USDt stablecoin in real estate transactions through a new partnership with Reelly Tech, a United Arab Emirates-based real estate platform.
The partnership aims to simplify property transactions using Tether’s USDt stablecoin.
As part of the partnership, Reelly Tech will offer its customers the opportunity to use…
https://cryptoinsight.ae/tether-brings-usdt-stablecoin-to-uae-real-estate-market-with-reelly-tech/
Website | Twitter | LinkedIn | Telegram
Ondo Finance unveils layer-1 blockchain for institutions to tokenize RWAs
Real-world asset tokenization platform Ondo Finance said it will launch an institution-focused layer-1 blockchain for Wall Street firms to tokenize RWAs.
Ondo announced Ondo Chain on Feb. 6 during its inaugural New York summit. Chase Herro, co-founder of the Trump family’s World Liberty Financial, reportedly told the summit that the crypto platform would create a…
https://cryptoinsight.ae/ondo-finance-unveils-layer-1-blockchain-for-institutions-to-tokenize-rwas/
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Real-world asset tokenization platform Ondo Finance said it will launch an institution-focused layer-1 blockchain for Wall Street firms to tokenize RWAs.
Ondo announced Ondo Chain on Feb. 6 during its inaugural New York summit. Chase Herro, co-founder of the Trump family’s World Liberty Financial, reportedly told the summit that the crypto platform would create a…
https://cryptoinsight.ae/ondo-finance-unveils-layer-1-blockchain-for-institutions-to-tokenize-rwas/
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The role of stablecoins and RWAs in DeFi: HTX Ventures report
The 2024 US presidential election was a pivotal moment for the crypto industry that will shape crypto regulation. These developments will create new opportunities and accelerate decentralized finance’s (DeFi’s) integration with traditional finance. A new HTX Ventures report explores how Real-World Assets (RWA), stablecoins and regulatory developments may reshape the DeFi landscape. The report examines…
https://cryptoinsight.ae/the-role-of-stablecoins-and-rwas-in-defi-htx-ventures-report/
Website | Twitter | LinkedIn | Telegram
The 2024 US presidential election was a pivotal moment for the crypto industry that will shape crypto regulation. These developments will create new opportunities and accelerate decentralized finance’s (DeFi’s) integration with traditional finance. A new HTX Ventures report explores how Real-World Assets (RWA), stablecoins and regulatory developments may reshape the DeFi landscape. The report examines…
https://cryptoinsight.ae/the-role-of-stablecoins-and-rwas-in-defi-htx-ventures-report/
Website | Twitter | LinkedIn | Telegram