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/
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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/
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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
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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/
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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
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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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
Crypto Trends Weekly June 11 – 17
Breaking crypto news from the last week (June 11 – 17, 2022):
June 11: The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost…
https://cryptoinsight.ae/crypto-trends-weekly-june-11-17/
Website | Twitter | LinkedIn | Telegram
Breaking crypto news from the last week (June 11 – 17, 2022):
June 11: The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost…
https://cryptoinsight.ae/crypto-trends-weekly-june-11-17/
Website | Twitter | LinkedIn | Telegram
MetaDecrypt Web 3.0 Summit will be held at Dubai’s Museum of Future on July 2-3
MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…
https://cryptoinsight.ae/metadecrypt-web-3-0-summit-will-be-held-at-dubais-museum-of-future-on-july-2-3/
Website | Twitter | LinkedIn | Telegram
MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…
https://cryptoinsight.ae/metadecrypt-web-3-0-summit-will-be-held-at-dubais-museum-of-future-on-july-2-3/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $964 Billion, a 5.3% change in the last 24 hours
Bitcoin ~ $20,997.34 (4.8%)
Ethereum ~ $1,156.77 (6.9%)
Solana ~ $37.39 (16.0%)
Polkadot ~ $8.21 (11.7%)
Flow ~ $1.50 (9.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $964 Billion, a 5.3% change in the last 24 hours
Bitcoin ~ $20,997.34 (4.8%)
Ethereum ~ $1,156.77 (6.9%)
Solana ~ $37.39 (16.0%)
Polkadot ~ $8.21 (11.7%)
Flow ~ $1.50 (9.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Dubai’s crypto exchange Billium launches platform with copy trading function
Billium, a Dubai-based crypto trading platform, has announced that a new copy trading functionality is on its way. With it, investors will reportedly be able to earn sizable profits regardless of personal experience or background.
According to a press release, copy trading allows users, especially new investors, to make as much profit as possible by…
https://cryptoinsight.ae/dubais-crypto-exchange-billium-launches-platform-with-copy-trading-function/
Website | Twitter | LinkedIn | Telegram
Billium, a Dubai-based crypto trading platform, has announced that a new copy trading functionality is on its way. With it, investors will reportedly be able to earn sizable profits regardless of personal experience or background.
According to a press release, copy trading allows users, especially new investors, to make as much profit as possible by…
https://cryptoinsight.ae/dubais-crypto-exchange-billium-launches-platform-with-copy-trading-function/
Website | Twitter | LinkedIn | Telegram
FTX CEO says Alameda could ‘step in’ to prevent wider crypto collapse
FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius.
The downward trajectory that has greeted the crypto market…
https://cryptoinsight.ae/ftx-ceo-says-alameda-could-step-in-to-prevent-wider-crypto-collapse/
Website | Twitter | LinkedIn | Telegram
FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius.
The downward trajectory that has greeted the crypto market…
https://cryptoinsight.ae/ftx-ceo-says-alameda-could-step-in-to-prevent-wider-crypto-collapse/
Website | Twitter | LinkedIn | Telegram
Iran cuts off electricity to crypto miners to save energy for the summer period
Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country to ensure the enough power supply for the citizenry. This decision will be implemented on June 22, Tehran Times reported.
A spokesman for the Iranian Energy Ministry, Mostafa Rajabi Mashhadi, said that…
https://cryptoinsight.ae/iran-cuts-off-electricity-to-crypto-miners-to-save-energy-for-the-summer-period/
Website | Twitter | LinkedIn | Telegram
Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country to ensure the enough power supply for the citizenry. This decision will be implemented on June 22, Tehran Times reported.
A spokesman for the Iranian Energy Ministry, Mostafa Rajabi Mashhadi, said that…
https://cryptoinsight.ae/iran-cuts-off-electricity-to-crypto-miners-to-save-energy-for-the-summer-period/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $940 Billion, a -2.1% change in the last 24 hours
Bitcoin ~ $20,446.61 (-3.0%)
Ethereum ~ $1,098.98 (-5.1%)
Solana ~ $34.83 (-6.7%)
Polkadot ~ $7.58 (-7.8%)
Flow ~ $1.46 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $940 Billion, a -2.1% change in the last 24 hours
Bitcoin ~ $20,446.61 (-3.0%)
Ethereum ~ $1,098.98 (-5.1%)
Solana ~ $34.83 (-6.7%)
Polkadot ~ $7.58 (-7.8%)
Flow ~ $1.46 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram