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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‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come

The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so.

Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary.

O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange, told Kitco anchor…

https://cryptoinsight.ae/there-will-be-many-more-zeros-kevin-oleary-on-ftx-like-collapses-to-come/

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Tucker Carlson outlines wild theory to explain Bitcoin price rise: ‘Maximum tin foil’

Members of Crypto Twitter were quick to mock Tucker Carlson, who provided no supporting evidence to back his claims.

Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price.

He suggested the computer…

https://cryptoinsight.ae/tucker-carlson-outlines-wild-theory-to-explain-bitcoin-price-rise-maximum-tin-foil/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1 Trillion, a -3.7% change in the last 24 hours

Bitcoin ~ $20,820.22 (-2.1%)
Ethereum ~ $1,528.25 (-3.7%)
Solana ~ $21.42 (-7.6%)
Polkadot ~ $5.78 (-4.3%)
Flow ~ $0.997893 (-6.6%)

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C-C-C-Combo breaker: Bitcoin ends ‘ridiculous’ 14-day winning streak

Bitcoin was on the road to breaking a nearly 10-year-old record but the price dip over the past day put a stop to the multi-day win streak.

The two-week-long Bitcoin winning streak has finally come to an end, after the cryptocurrency formed its first red candle on Jan. 18.

The day prior, BTC was shaping…

https://cryptoinsight.ae/c-c-c-combo-breaker-bitcoin-ends-ridiculous-14-day-winning-streak/

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ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

ConsenSys CEO Joseph Lubin confirmed the company would be cutting 96 of its staff to focus its resources on its core businesses.

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses.

In a blog post from ConsenSys…

https://cryptoinsight.ae/consensys-slashes-headcount-11-as-chief-economist-reveals-formula-for-adoption/

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Bitzlato and its founder face enforcement actions from US authorities

The Department of Justice, Treasury Department and French law enforcement seized many of Bitzlato’s resources, alleging the firm helped launder $700 million in illicit funds.

The United States Department of Justice announced a “major international cryptocurrency enforcement action” against crypto firm Bitzlato and the arrest of its founder, Anatoly Legkodymov.

In a Jan. 18 announcement,…

https://cryptoinsight.ae/bitzlato-and-its-founder-face-enforcement-actions-from-us-authorities/

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Why is the crypto market down today?

The crypto market is down today after the U.S. government cracks down on Bitzlato and stocks begin to give back some of their gains from the start of the year.

The crypto market is down today, as a slew of negative news events weigh on Bitcoin, Ether and altcoin prices.

After jumping to yearly highs,…

https://cryptoinsight.ae/why-is-the-crypto-market-down-today/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.01 Trillion, a 0.8% change in the last 24 hours

Bitcoin ~ $20,991.37 (0.8%)
Ethereum ~ $1,546.70 (1.3%)
Solana ~ $21.06 (-1.7%)
Polkadot ~ $5.82 (0.9%)
Flow ~ $1.01 (0.7%)

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Bitcoin faces $15K crash as US sparks ‘financial meltdown’ — Arthur Hayes

Bitcoin will be just one of the risk assets that “crater” as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO warns.

In his latest blog post released on Jan. 19, Arthur Hayes, the former CEO of the BitMEX exchange, predicted a “global financial meltdown” thanks to future United States…

https://cryptoinsight.ae/bitcoin-faces-15k-crash-as-us-sparks-financial-meltdown-arthur-hayes/

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Crypto lender Genesis files for Chapter 11 bankruptcy

Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.

Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York.

The firm has estimated liabilities of $1 billion to $10 billion…

https://cryptoinsight.ae/crypto-lender-genesis-files-for-chapter-11-bankruptcy/

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Crypto could solve venture capital’s due diligence problem — VC exec

Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger.

Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to “trust the chain,” a crypto-focused…

https://cryptoinsight.ae/crypto-could-solve-venture-capitals-due-diligence-problem-vc-exec/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.07 Trillion, a 6.3% change in the last 24 hours

Bitcoin ~ $22,583.75 (7.6%)
Ethereum ~ $1,647.33 (6.5%)
Solana ~ $24.84 (18.0%)
Polkadot ~ $6.21 (6.7%)
Flow ~ $1.11 (9.9%)

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DeFi should complement TradFi, not attack it: Finance Redefined

Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

Following FTX’s demise, the DeFi…

https://cryptoinsight.ae/defi-should-complement-tradfi-not-attack-it-finance-redefined/

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Map2Earn to help merge physical and virtual worlds

Map2Earn is a revolutionary Metaverse-oriented economic model that enables users to become mappers while earning tokens.

Blockchain has been fostering the development of new and often unpredictable markets and economies driven by demand for innovation. From unprecedented crowdfunding mechanisms to play-to-earn (P2E) and move-to-earn (M2E) models, decentralized technology is empowering communities like never before.

One…

https://cryptoinsight.ae/map2earn-to-help-merge-physical-and-virtual-worlds/

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Opinion: Digital Currency Group’s Genesis implosion: What comes next?

Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.

It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter…

https://cryptoinsight.ae/opinion-digital-currency-groups-genesis-implosion-what-comes-next/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.08 Trillion, a 0.3% change in the last 24 hours

Bitcoin ~ $22,887.17 (1.3%)
Ethereum ~ $1,628.40 (-1.3%)
Solana ~ $25.25 (1.5%)
Polkadot ~ $6.27 (0.9%)
Flow ~ $1.08 (-2.8%)

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Bitcoin due new ‘big rally’ as RSI copies 2018 bear market recovery

There is plenty to be optimistic about when it comes to further BTC price gains, RSI analysis concludes.

Bitcoin is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.

According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals…

https://cryptoinsight.ae/bitcoin-due-new-big-rally-as-rsi-copies-2018-bear-market-recovery/

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Binance Charity to provide over 30K Web3 scholarships in 2023

Among the education centers involved include colleges in Australia, Cyprus and Germany, Nigerian-based tech hub Utiva, Women in Tech, and two Ukrainian organizations.

The philanthropic arm of Binance — Binance Charity — is set to fund 30,65 scholarships to students keen on forging out a career in Web3 in 2023.

The Binance Charity Scholar Program…

https://cryptoinsight.ae/binance-charity-to-provide-over-30k-web3-scholarships-in-2023/

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Going cashless: Norway’s digital currency project raises privacy questions

At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.

The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at…

https://cryptoinsight.ae/going-cashless-norways-digital-currency-project-raises-privacy-questions/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.08 Trillion, a 0.4% change in the last 24 hours

Bitcoin ~ $22,742.53 (-0.6%)
Ethereum ~ $1,635.20 (0.4%)
Solana ~ $24.56 (-2.7%)
Polkadot ~ $6.30 (0.5%)
Flow ~ $1.20 (11.5%)

Follow and subscribe - @GulfCryptoInsight

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