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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The arbitrage funds making money from messy crypto markets

While the crypto market is a hot mess, leaving many investors struggling to turn a buck, the arbitrageurs enter – Lisa Pauline Mattackal and Medha Singh write for Reuters.

Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell…

https://cryptoinsight.ae/the-arbitrage-funds-making-money-from-messy-crypto-markets/

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Goldman Sachs reportedly raising $2 billion to buy Celsius assets

Goldman Sachs is reportedly seeking $2 billion in commitments from investors to buy distressed crypto assets of Celsius at steep discounts if the crypto lender goes bankrupt.

The Wall Street firm is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, CoinDesk reported citing two sources familiar…

https://cryptoinsight.ae/goldman-sachs-reportedly-raising-2-billion-to-buy-celsius-assets/

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Crypto jobs in UAE: BitOasis cuts its staff, while Binance hires dozens

BitOasis, a UAE-based Middle East crypto exchange, said it laid off nine of its staff in the face of a downturn and market turmoil. Contrary, Binance has listed over two dozen openings in the Emirates.

Founded in Dubai in 2015, BitOasis serves English and Arabic-speaking customers in the Gulf.

“Earlier this week, nine employees were…

https://cryptoinsight.ae/crypto-jobs-in-uae-bitoasis-cuts-its-staff-while-binance-hires-dozens/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $993 Billion, a -1.2% change in the last 24 hours

Bitcoin ~ $21,188.96 (-1.2%)
Ethereum ~ $1,215.12 (-2.1%)
Solana ~ $39.93 (-3.2%)
Polkadot ~ $7.93 (-2.1%)
Flow ~ $1.69 (-3.7%)

Follow and subscribe - @GulfCryptoInsight

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Axie Infinity’s Ronin Bridge to relaunch after $625 million hack

Months after getting exploited in one of the largest crypto-related hacks, the team behind Ronin announced the restart date. Axie Infinity’s Ronin sidechain is expected to be relaunched next week after the $625 million exploit, ‘with all user funds returned.’

Ronin Network, an EVM blockchain powering popular play-to-earn game Axie Infinity, has announced the reopening…

https://cryptoinsight.ae/axie-infinitys-ronin-bridge-to-relaunch-after-625-million-hack/

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Crypto Trends Weekly June 18 – 24

Breaking crypto news from the last week (June 18 – 24, 2022):

June 18: On Saturday evening, 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% over the last week, as both breach symbolic…

https://cryptoinsight.ae/crypto-trends-weekly-june-18-24/

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DappRadar: GameFi continues to grow despite crypto market turmoil

According to the new DappRadar study, the latest turbulence in the crypto markets has not stopped investments and forward movement of the GameFi and metaverse sector. The report has also shown continued funds inflow into several major projects, such as Splinterlands, Illuvium, Galaverse, and STEPN.

Published on June 21, the latest DappRadar x BGA Games…

https://cryptoinsight.ae/dappradar-gamefi-continues-to-grow-despite-crypto-market-turmoil/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $974 Billion, a -2.5% change in the last 24 hours

Bitcoin ~ $20,798.82 (-1.9%)
Ethereum ~ $1,190.31 (-2.3%)
Solana ~ $37.97 (-5.8%)
Polkadot ~ $7.65 (-4.0%)
Flow ~ $1.75 (3.1%)

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Shariah-compliant Islamic Coin launches a private sale in Dubai

Islamic Coin (ISLM) claims to be the first Shariah-compliant digital currency. The Dubai-based coin has recently got itself a Fatwa from Muslim authorities and is preparing to launch a private sale soon.

As Be[In]Crypto reported, Shariah compliance has been a recurring issue in crypto. Islamic Coin claims to be a world-first by sticking to the…

https://cryptoinsight.ae/shariah-compliant-islamic-coin-launches-a-private-sale-in-dubai/

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Qatar doubles down to develop its CBDC

Qatar is actively exploring the possibilities of launching its first central bank digital currency (CBDC). If this happens, the country will become the first Arab nation to launch a CBDC. Meanwhile, the central banks in Saudi Arabia and UAE are collaborating on blockchain projects in the financial sector.

Speaking at the recently concluded Bloomberg-powered Qatar…

https://cryptoinsight.ae/qatar-doubles-down-to-develop-its-cbdc/

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What can the FT archive tell us about the future of Bitcoin?

A deep dive into the FT archive reveals what has driven the cryptocurrency’s falls and rises.

Bitcoin has crashed in value by more than 50% in the past six months, but holders of the cryptocurrency are used to volatility. Here we look at how the FT covered Bitcoin’s previous booms and busts to see if…

https://cryptoinsight.ae/what-can-the-ft-archive-tell-us-about-the-future-of-bitcoin/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $941 Billion, a -3.5% change in the last 24 hours

Bitcoin ~ $20,183.05 (-2.8%)
Ethereum ~ $1,134.27 (-4.5%)
Solana ~ $35.11 (-7.3%)
Polkadot ~ $7.19 (-5.7%)
Flow ~ $1.64 (-6.4%)

Follow and subscribe - @GulfCryptoInsight

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Dubai Blockchain Center creates metaverse for UAE’s digital economy taskforce

Dubai Blockchain Center (DBCC), a strategic partner to the government agency Dubai Future Foundation, revealed its plans to create a metaverse for the government task force impaneled to develop and oversee the digital economy policies in the region.

During the DIFC Fintech Week in Dubai, Marwan Al-Zarouni, DBCC CEO, told Arab News on the sidelines…

https://cryptoinsight.ae/dubai-blockchain-center-creates-metaverse-for-uaes-digital-economy-taskforce/

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HTC presents the metaverse phone with crypto and NFT wallet

Electronic manufacturer HTC has announced the “Viverse” phone, its first smartphone, designed to navigate the metaverse with incorporated crypto and NFT functionality. The HTC Desire 22 Pro model includes preloaded apps compatible with its own metaverse “Viverse.”

As per an announcement, the new phone comes preloaded with apps that allow access to and manage your…

https://cryptoinsight.ae/htc-presents-the-metaverse-phone-with-crypto-and-nft-wallet/

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Crypto.com app to allow users to buy crypto with Apple Pay

Crypto.com has announced the integration of Apple Pay into its mobile app and website. Apple does not support the crypto payment directly, but Crypto.com users in the US would be given an option to make the in-app purchases. Purchases can be made with both credit and debit cards through Apple Pay.

Crypto.com specifically was onboard…

https://cryptoinsight.ae/crypto-com-app-to-allow-users-to-buy-crypto-with-apple-pay/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $930 Billion, a -1.8% change in the last 24 hours

Bitcoin ~ $20,016.57 (-0.5%)
Ethereum ~ $1,088.67 (-3.9%)
Solana ~ $32.45 (-7.3%)
Polkadot ~ $6.89 (-4.2%)
Flow ~ $1.51 (-7.3%)

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Crypto.com removes DOGE, SHIB, XTZ from earn program, adding NEAR and FTM

Crypto.com announced Monday that it is removing 15 cryptocurrencies from its Crypto Earn rewards program. The crypto exchange is cutting DOGE, SHIB, and 13 other coins but adding ZIL, NEAR, and FTM.

According to an announcement on June 27, Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are among the coins to be removed,…

https://cryptoinsight.ae/crypto-com-removes-doge-shib-xtz-from-earn-program-adding-near-and-ftm/

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Three Arrows Capital was reportedly ordered into liquidation by the court

A British Virgin Islands court reportedly ordered cryptocurrency hedge fund firm Three Arrows Capital (3AC) into liquidation. 3AC must now formally liquidate assets tied to its British Virgin Islands company. It’s still unclear what assets Three Arrows Capital has or what this means for its creditors.

According to Sky News, Three Arrows Capital (3AC), the…

https://cryptoinsight.ae/three-arrows-capital-was-reportedly-ordered-into-liquidation-by-the-court/

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🚨 SQT Public Sale Announcement 🚨

🙌 It's official! $SQT token will launch on
@TokensoftInc
! 🚀

🌕 Round 1 - 19 July 2pm UTC
🌕 Round 2 - 20 July 2pm UTC
🌕 Round 3 - 21 July 2pm UTC

Details ➡️ http://bit.ly/3zXWEGw
Public Sale page ➡️ http://bit.ly/3xK3axT

https://twitter.com/subquerynetwork/status/1541708012989153283?s=21&t=1OuKQ9o8SJ2ogb9UOHQgVA
The Sandbox launches the bridge to Polygon

Giant metaverse gaming platform The Sandbox, based on the Ethereum blockchain, has unveiled a bridge that enables users to transfer their virtual NFT (LAND) and native tokens (SAND) over to the Layer-2 network Polygon (MATIC). The upgrade comes with many perks for LAND holders, including staking features and mSAND cashback.

Previously, all LAND collectibles from…

https://cryptoinsight.ae/the-sandbox-launches-the-bridge-to-polygon/

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