Gulf Crypto Insight
2.06K subscribers
5.06K photos
14 videos
5.39K links
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
Download Telegram
White House science office calls for comments on its digital asset research agenda

The office’s request for information is the latest piece in the massive research agenda in President Biden’s executive order on digital asset development.

The administration of United States President Joe Biden is continuing to deveits National Digital Assets Research and Development Agenda. In a request for information (RFI) dated Jan. 26 and previewed by the…

https://cryptoinsight.ae/white-house-science-office-calls-for-comments-on-its-digital-asset-research-agenda/

Website | Twitter | LinkedIn | Telegram
Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand.

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly as the industry braces for regulatory turbulence following the implosion of FTX, two legal academics believe.

Boston Law School professor and chief compliance officer at…

https://cryptoinsight.ae/crypto-lawyers-to-be-in-demand-as-regulatory-pressure-reaches-boiling-point/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $1.08 Trillion, a -0.8% change in the last 24 hours

Bitcoin ~ $23,031.42 (-0.5%)
Ethereum ~ $1,582.67 (-2.3%)
Solana ~ $23.97 (-3.6%)
Polkadot ~ $6.42 (-1.0%)
Flow ~ $1.08 (-7.0%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Venture capital investments into blockchain continue to free-fall: Report

Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.

Cointelegraph Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in…

https://cryptoinsight.ae/venture-capital-investments-into-blockchain-continue-to-free-fall-report/

Website | Twitter | LinkedIn | Telegram
US Senator Ted Cruz pushes for crypto in Congress … using snacks

A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines.

Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.

Cruz introduced a concurrent resolution dated Jan. 25 that would only allow…

https://cryptoinsight.ae/us-senator-ted-cruz-pushes-for-crypto-in-congress-using-snacks/

Website | Twitter | LinkedIn | Telegram
Keep an eye out for major company NFT trademark filings this year

NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.

Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.

Speaking to Cointelegraph, intellectual property lawyer…

https://cryptoinsight.ae/keep-an-eye-out-for-major-company-nft-trademark-filings-this-year/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $1.1 Trillion, a 1.9% change in the last 24 hours

Bitcoin ~ $23,077.15 (0.3%)
Ethereum ~ $1,598.59 (1.1%)
Solana ~ $24.55 (2.6%)
Polkadot ~ $6.63 (3.5%)
Flow ~ $1.13 (4.6%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Total crypto market cap rises above $1T, and data suggests more upside is in store

Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care.

Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the…

https://cryptoinsight.ae/total-crypto-market-cap-rises-above-1t-and-data-suggests-more-upside-is-in-store/

Website | Twitter | LinkedIn | Telegram
Creating self-sovereignty in the creator economy and Web3 — Is there room for both?

NFT Steez sits down with Web3 advocate Julie Plavnik to discuss the concepts of self-sovereignty and digital identity in Web3-based creator economies.

On this week’s episode of NFT Steez, hosts Alyssa Exposito and Ray Salmond meet with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.…

https://cryptoinsight.ae/creating-self-sovereignty-in-the-creator-economy-and-web3-is-there-room-for-both/

Website | Twitter | LinkedIn | Telegram
Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials.

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid…

https://cryptoinsight.ae/crypto-biz-a-peek-into-blockfis-secret-financials-its-not-pretty/

Website | Twitter | LinkedIn | Telegram
White House cryptocurrency ‘roadmap’ recommends against pension funds

The Biden administration touted its comprehensive framework and encouraged regulators and Congress to tighten the screws on crypto in a new statement.

The White House released a statement on Jan. 27 that provided the United States President Joe Biden administration a roadmap for mitigating risks associated with cryptocurrencies. Much of the document was addressed to…

https://cryptoinsight.ae/white-house-cryptocurrency-roadmap-recommends-against-pension-funds/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $1.1 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $23,247.86 (0.7%)
Ethereum ~ $1,596.75 (-0.1%)
Solana ~ $24.14 (-1.6%)
Polkadot ~ $6.50 (-1.9%)
Flow ~ $1.07 (-4.7%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
CZ predicts ‘existential implications’ for anti-crypto traditional finance

While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades.

As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have…

https://cryptoinsight.ae/cz-predicts-existential-implications-for-anti-crypto-traditional-finance/

Website | Twitter | LinkedIn | Telegram
Genesis Capital’s fall might transform crypto lending — not bury it

TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts.

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed…

https://cryptoinsight.ae/genesis-capitals-fall-might-transform-crypto-lending-not-bury-it/

Website | Twitter | LinkedIn | Telegram
Sam Bankman-Fried seeks to access FTX funds

Sam Bankman-Fried lawyers claim he was not involved in previous unauthorized transactions, and should have access to company assets.

Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX’s funds, according to court filings from Jan. 28.

A letter from Bankman-Fried’s lawyer, Mark Cohen, to United States District…

https://cryptoinsight.ae/sam-bankman-fried-seeks-to-access-ftx-funds/

Website | Twitter | LinkedIn | Telegram
South Korea to deploy cryptocurrency tracking system in 2023

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.

The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual…

https://cryptoinsight.ae/south-korea-to-deploy-cryptocurrency-tracking-system-in-2023/

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $1.12 Trillion, a 1.8% change in the last 24 hours

Bitcoin ~ $23,733.47 (2.1%)
Ethereum ~ $1,635.17 (2.4%)
Solana ~ $25.52 (5.7%)
Polkadot ~ $6.53 (0.6%)
Flow ~ $1.10 (2.6%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

Bitcoin bulls have everything to play for as the weekly and monthly closes decide what could be Bitcoin’s best January in ten years.

Bitcoin spiked into key liquidity for a third time on Jan. 29 as the weekly and monthly closes loomed.

Trader on Bitcoin: $25,000 “in sight”
Data from Cointelegraph Markets Pro and TradingView…

https://cryptoinsight.ae/bitcoin-eyes-25k-as-btc-price-nears-best-weekly-close-in-5-months/

Website | Twitter | LinkedIn | Telegram
Aussie regulator flagged concerns about FTX months before collapse: Report

Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents.

Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November.

According to documents obtained by Guardian Australia, officers of the…

https://cryptoinsight.ae/aussie-regulator-flagged-concerns-about-ftx-months-before-collapse-report/

Website | Twitter | LinkedIn | Telegram
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000.

The price of Bitcoin in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.

At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX…

https://cryptoinsight.ae/bitcoin-premium-hits-60-in-nigeria-as-it-limits-atm-cash-withdrawals/

Website | Twitter | LinkedIn | Telegram