NFT prices sink, but overall NFT sales are on the rise
Due to the crypto market being down, Bored Apes, Moonbirds, and other top NFT collections are losing value, but NFT sales are rising as collectors appear to be taking advantage of lower prices.
As the crypto market is down with a 14% drop in overall value over the last 24 hours, Bitcoin lost 16%, and…
https://cryptoinsight.ae/nft-prices-sink-but-overall-nft-sales-are-on-the-rise/
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Due to the crypto market being down, Bored Apes, Moonbirds, and other top NFT collections are losing value, but NFT sales are rising as collectors appear to be taking advantage of lower prices.
As the crypto market is down with a 14% drop in overall value over the last 24 hours, Bitcoin lost 16%, and…
https://cryptoinsight.ae/nft-prices-sink-but-overall-nft-sales-are-on-the-rise/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $944 Billion, a -6.0% change in the last 24 hours
Bitcoin ~ $21,248.25 (-6.0%)
Ethereum ~ $1,124.99 (-7.6%)
Solana ~ $28.16 (-7.1%)
Polkadot ~ $7.19 (-1.7%)
Flow ~ $1.49 (-7.4%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $944 Billion, a -6.0% change in the last 24 hours
Bitcoin ~ $21,248.25 (-6.0%)
Ethereum ~ $1,124.99 (-7.6%)
Solana ~ $28.16 (-7.1%)
Polkadot ~ $7.19 (-1.7%)
Flow ~ $1.49 (-7.4%)
Follow and subscribe - @GulfCryptoInsight
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Web3 DeCode: Future of the internet at the Gulf News event in Dubai
Gulf News has announced that it will be hosting Web3 DeCode, a two-day exhibition at the Grand Hyatt in Dubai, on June 25 and 26.
To raise awareness of Web3 technology, its ascension in emerging markets like the UAE plus its impact on innovation, and life, as we know it, Gulf News is hosting Web3…
https://cryptoinsight.ae/web3-decode-future-of-the-internet-at-the-gulf-news-event-in-dubai/
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Gulf News has announced that it will be hosting Web3 DeCode, a two-day exhibition at the Grand Hyatt in Dubai, on June 25 and 26.
To raise awareness of Web3 technology, its ascension in emerging markets like the UAE plus its impact on innovation, and life, as we know it, Gulf News is hosting Web3…
https://cryptoinsight.ae/web3-decode-future-of-the-internet-at-the-gulf-news-event-in-dubai/
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Mike Novogratz says the crypto market is nearing a bottom
Mike Novogratz, the CEO of the institutional crypto investment firm Galaxy Digital, said that the bottom might be near after the recent market turmoil. He is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s.
“We’ve gone to a level that should be…
https://cryptoinsight.ae/mike-novogratz-says-the-crypto-market-is-nearing-a-bottom/
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Mike Novogratz, the CEO of the institutional crypto investment firm Galaxy Digital, said that the bottom might be near after the recent market turmoil. He is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s.
“We’ve gone to a level that should be…
https://cryptoinsight.ae/mike-novogratz-says-the-crypto-market-is-nearing-a-bottom/
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Despite ‘crypto winter,’ billionaire Steven Cohen keeps investing in DeFi
While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $22 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV show, last week announced it had invested in its fifth crypto company, a decentralized finance firm that provides data and trade execution…
https://cryptoinsight.ae/despite-crypto-winter-billionaire-steven-cohen-keeps-investing-in-defi/
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While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $22 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV show, last week announced it had invested in its fifth crypto company, a decentralized finance firm that provides data and trade execution…
https://cryptoinsight.ae/despite-crypto-winter-billionaire-steven-cohen-keeps-investing-in-defi/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $986 Billion, a 5.1% change in the last 24 hours
Bitcoin ~ $21,972.37 (4.2%)
Ethereum ~ $1,186.13 (6.5%)
Solana ~ $33.72 (20.5%)
Polkadot ~ $7.98 (11.7%)
Flow ~ $1.61 (9.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $986 Billion, a 5.1% change in the last 24 hours
Bitcoin ~ $21,972.37 (4.2%)
Ethereum ~ $1,186.13 (6.5%)
Solana ~ $33.72 (20.5%)
Polkadot ~ $7.98 (11.7%)
Flow ~ $1.61 (9.1%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin surges following the US Fed raise rates at the highest level since 1994
Bitcoin’s price fluctuated after the Federal Reserve announced further monetary tightening on June 15, falling to as low as $20,270 after the Fed’s statement. But an hour after the announcement, the cryptocurrency was traded at $21,444.
As a long-awaited step, the Fed announced that it will raise the fed-funds rate, the interest rate at which…
https://cryptoinsight.ae/bitcoin-surges-following-the-us-fed-raise-rates-at-the-highest-level-since-1994/
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Bitcoin’s price fluctuated after the Federal Reserve announced further monetary tightening on June 15, falling to as low as $20,270 after the Fed’s statement. But an hour after the announcement, the cryptocurrency was traded at $21,444.
As a long-awaited step, the Fed announced that it will raise the fed-funds rate, the interest rate at which…
https://cryptoinsight.ae/bitcoin-surges-following-the-us-fed-raise-rates-at-the-highest-level-since-1994/
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Kraken and Binance accelerate hiring drive amid crypto industry’s job cuts
Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week.
The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…
https://cryptoinsight.ae/kraken-and-binance-accelerate-hiring-drive-amid-crypto-industrys-job-cuts/
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Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week.
The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…
https://cryptoinsight.ae/kraken-and-binance-accelerate-hiring-drive-amid-crypto-industrys-job-cuts/
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Solv Protocol: The Middle East Is a Remarkable Place to Build DeFi platforms
With the emergence of decentralized finance (DeFi), NFTs that broadly represent financial ownership and rights, often dubbed “financial NFTs,” are showcasing exciting use cases of NFTs the space has never seen.
Solv Protocol, a DeFi startup, is a platform for creating, managing, and trading financial NFTs, or Vouchers.
“The most pressing problem in the emerging…
https://cryptoinsight.ae/solv-protocol-the-middle-east-is-a-remarkable-place-to-build-defi-platforms/
Website | Twitter | LinkedIn | Telegram
With the emergence of decentralized finance (DeFi), NFTs that broadly represent financial ownership and rights, often dubbed “financial NFTs,” are showcasing exciting use cases of NFTs the space has never seen.
Solv Protocol, a DeFi startup, is a platform for creating, managing, and trading financial NFTs, or Vouchers.
“The most pressing problem in the emerging…
https://cryptoinsight.ae/solv-protocol-the-middle-east-is-a-remarkable-place-to-build-defi-platforms/
Website | Twitter | LinkedIn | Telegram
71% of the world’s wealthiest individuals have invested in crypto, a survey says
A new survey from Capgemini revealed that 71% of high-net-worth individuals (HNWI) around the world have invested in cryptocurrencies and other digital assets. The survey also has advised wealth management firms to prioritize providing education and advice.
On June 14, technology consulting company Capgemini released its 2022 World Wealth Report. It polled 2,973 global HNWIs,…
https://cryptoinsight.ae/71-of-the-worlds-wealthiest-individuals-have-invested-in-crypto-a-survey-says/
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A new survey from Capgemini revealed that 71% of high-net-worth individuals (HNWI) around the world have invested in cryptocurrencies and other digital assets. The survey also has advised wealth management firms to prioritize providing education and advice.
On June 14, technology consulting company Capgemini released its 2022 World Wealth Report. It polled 2,973 global HNWIs,…
https://cryptoinsight.ae/71-of-the-worlds-wealthiest-individuals-have-invested-in-crypto-a-survey-says/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $940 Billion, a -5.5% change in the last 24 hours
Bitcoin ~ $20,810.98 (-5.5%)
Ethereum ~ $1,099.45 (-7.3%)
Solana ~ $30.87 (-8.6%)
Polkadot ~ $7.28 (-9.0%)
Flow ~ $1.45 (-9.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $940 Billion, a -5.5% change in the last 24 hours
Bitcoin ~ $20,810.98 (-5.5%)
Ethereum ~ $1,099.45 (-7.3%)
Solana ~ $30.87 (-8.6%)
Polkadot ~ $7.28 (-9.0%)
Flow ~ $1.45 (-9.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $926 Billion, a -1.5% change in the last 24 hours
Bitcoin ~ $20,428.95 (-1.8%)
Ethereum ~ $1,078.65 (-1.9%)
Solana ~ $30.08 (-2.5%)
Polkadot ~ $7.18 (-1.4%)
Flow ~ $1.40 (-3.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $926 Billion, a -1.5% change in the last 24 hours
Bitcoin ~ $20,428.95 (-1.8%)
Ethereum ~ $1,078.65 (-1.9%)
Solana ~ $30.08 (-2.5%)
Polkadot ~ $7.18 (-1.4%)
Flow ~ $1.40 (-3.7%)
Follow and subscribe - @GulfCryptoInsight
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Immutable launches $500 million fund to boost its Web3 and GameFi ecosystem
The NFT and Web3 gaming-focused crypto startup Immutable announced Friday that it has launched a $500 million ecosystem development fund to accelerate the adoption of promising Web3 projects building on its Ethereum Layer 2 scaling platform, Immutable X.
“The Immutable Developer and Venture Fund,” which is a mix of both cash and Immutable X’s native…
https://cryptoinsight.ae/immutable-launches-500-million-fund-to-boost-its-web3-and-gamefi-ecosystem/
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The NFT and Web3 gaming-focused crypto startup Immutable announced Friday that it has launched a $500 million ecosystem development fund to accelerate the adoption of promising Web3 projects building on its Ethereum Layer 2 scaling platform, Immutable X.
“The Immutable Developer and Venture Fund,” which is a mix of both cash and Immutable X’s native…
https://cryptoinsight.ae/immutable-launches-500-million-fund-to-boost-its-web3-and-gamefi-ecosystem/
Website | Twitter | LinkedIn | Telegram
Elon Musk reveals plans to integrate crypto payments into Twitter
Tesla CEO Elon Musk, who has agreed to purchase Twitter for about $44 billion, spoke on June 16 at an all-hands meeting for the social network company. The billionaire said it “makes sense” to integrate digital payments into Twitter, according to a leaked Q&A session with employees.
Billionaire Elon Musk shared further details of his…
https://cryptoinsight.ae/elon-musk-reveals-plans-to-integrate-crypto-payments-into-twitter/
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Tesla CEO Elon Musk, who has agreed to purchase Twitter for about $44 billion, spoke on June 16 at an all-hands meeting for the social network company. The billionaire said it “makes sense” to integrate digital payments into Twitter, according to a leaked Q&A session with employees.
Billionaire Elon Musk shared further details of his…
https://cryptoinsight.ae/elon-musk-reveals-plans-to-integrate-crypto-payments-into-twitter/
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WSJ: Crypto hedge fund Three Arrows Capital considers asset sales and bailout
According to The Wall Street Journal, cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday.
“We have always been believers in crypto…
https://cryptoinsight.ae/wsj-crypto-hedge-fund-three-arrows-capital-considers-asset-sales-and-bailout/
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According to The Wall Street Journal, cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday.
“We have always been believers in crypto…
https://cryptoinsight.ae/wsj-crypto-hedge-fund-three-arrows-capital-considers-asset-sales-and-bailout/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $843 Billion, a -9.2% change in the last 24 hours
Bitcoin ~ $18,164.85 (-11.0%)
Ethereum ~ $946.32 (-12.3%)
Solana ~ $29.32 (-2.5%)
Polkadot ~ $6.86 (-4.5%)
Flow ~ $1.25 (-10.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $843 Billion, a -9.2% change in the last 24 hours
Bitcoin ~ $18,164.85 (-11.0%)
Ethereum ~ $946.32 (-12.3%)
Solana ~ $29.32 (-2.5%)
Polkadot ~ $6.86 (-4.5%)
Flow ~ $1.25 (-10.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Huobi Group obtains a crypto license in Dubai
Huobi Group, the major global crypto exchange, announced Friday it obtained a DIFC Innovation License in Dubai, seeing its development as a significant milestone in the group’s compliant growth. Huobi also got registration on New Zealand’s Financial Services Provider Register.
The DIFC Innovation License is a license for innovative technology companies in Dubai and provides…
https://cryptoinsight.ae/huobi-group-obtains-a-crypto-license-in-dubai/
Website | Twitter | LinkedIn | Telegram
Huobi Group, the major global crypto exchange, announced Friday it obtained a DIFC Innovation License in Dubai, seeing its development as a significant milestone in the group’s compliant growth. Huobi also got registration on New Zealand’s Financial Services Provider Register.
The DIFC Innovation License is a license for innovative technology companies in Dubai and provides…
https://cryptoinsight.ae/huobi-group-obtains-a-crypto-license-in-dubai/
Website | Twitter | LinkedIn | Telegram
Bitcoin goes under $17,800 as Ether touches $897
On Saturday evening, at 20:30 UTC, Bitcoin plunged to about $17,749, and Ether fell to about $897 as the sell-off in the crypto market accelerated. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers.
Two hours later, at 22:30 UTC, Bitcoin bounced back…
https://cryptoinsight.ae/bitcoin-goes-under-17800-as-ether-touches-897/
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On Saturday evening, at 20:30 UTC, Bitcoin plunged to about $17,749, and Ether fell to about $897 as the sell-off in the crypto market accelerated. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers.
Two hours later, at 22:30 UTC, Bitcoin bounced back…
https://cryptoinsight.ae/bitcoin-goes-under-17800-as-ether-touches-897/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $914 Billion, a 5.9% change in the last 24 hours
Bitcoin ~ $20,001.48 (10.2%)
Ethereum ~ $1,075.15 (13.6%)
Solana ~ $32.29 (10.6%)
Polkadot ~ $7.33 (6.5%)
Flow ~ $1.36 (8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $914 Billion, a 5.9% change in the last 24 hours
Bitcoin ~ $20,001.48 (10.2%)
Ethereum ~ $1,075.15 (13.6%)
Solana ~ $32.29 (10.6%)
Polkadot ~ $7.33 (6.5%)
Flow ~ $1.36 (8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
As Ethereum mining is going away, miners are not happy, Bloomberg reports
The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg.
The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…
https://cryptoinsight.ae/as-ethereum-mining-is-going-away-miners-are-not-happy-bloomberg-reports/
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The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg.
The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…
https://cryptoinsight.ae/as-ethereum-mining-is-going-away-miners-are-not-happy-bloomberg-reports/
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