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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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%)

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Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in

Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived.

While Bitcoin (BTC) has experienced a strong price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at…

https://cryptoinsight.ae/bitcoin-price-surge-breakthrough-or-bull-trap-pundits-weigh-in/

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Aussie execs refute ‘argument’ to treat crypto as financial products

The Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22.

Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the ma

Speaking to the…

https://cryptoinsight.ae/aussie-execs-refute-argument-to-treat-crypto-as-financial-products/

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Vitalik Buterin divulges the ‘largest remaining challenge’ in Ethereum

While the concept of stealth addresses appears complex in theory, Buterin previously described it as a “low-tech approach” compared to other Ethereum privacy solutions.

Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy.

In a blog post on Jan. 20, Buterin acknowledged…

https://cryptoinsight.ae/vitalik-buterin-divulges-the-largest-remaining-challenge-in-ethereum/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.1 Trillion, a 1.5% change in the last 24 hours

Bitcoin ~ $23,135.90 (1.7%)
Ethereum ~ $1,638.58 (0.1%)
Solana ~ $24.85 (1.1%)
Polkadot ~ $6.63 (5.3%)
Flow ~ $1.24 (2.8%)

Follow and subscribe - @GulfCryptoInsight

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Chinese blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs

A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project.

A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs).

Red Date Technology, the blockchain infrastructure firm which is…

https://cryptoinsight.ae/chinese-blockchain-project-aims-to-be-the-swift-of-stablecoins-and-cbdcs/

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Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.”

Bitcoin rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is the move brought demand from…

https://cryptoinsight.ae/stablecoin-data-points-to-healthy-appetite-from-bulls-and-possible-bitcoin-rally-to-25k/

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SEC’s ‘one-dimensional’ approach is slowing Bitcoin progress: Grayscale CEO

Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions.

The approach to crypto regulatory enforcement by the United States Securities and Exchange Commission (SEC) has stalled the advancement of Bitcoin in the country, according to the CEO of Grayscale Investments.

In a letter published in…

https://cryptoinsight.ae/secs-one-dimensional-approach-is-slowing-bitcoin-progress-grayscale-ceo/

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