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/
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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/
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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/
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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/
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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/
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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/
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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
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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
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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/
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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/
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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/
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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/
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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/
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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/
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Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars.
As Bitcoin shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a 50%…
https://cryptoinsight.ae/bitcoin-mining-revenue-jumps-up-50-to-23m-in-one-month/
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As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars.
As Bitcoin shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a 50%…
https://cryptoinsight.ae/bitcoin-mining-revenue-jumps-up-50-to-23m-in-one-month/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $22,778.39 (-4.1%)
Ethereum ~ $1,564.39 (-4.4%)
Solana ~ $23.76 (-7.0%)
Polkadot ~ $6.18 (-5.5%)
Flow ~ $0.989652 (-9.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -3.6% change in the last 24 hours
Bitcoin ~ $22,778.39 (-4.1%)
Ethereum ~ $1,564.39 (-4.4%)
Solana ~ $23.76 (-7.0%)
Polkadot ~ $6.18 (-5.5%)
Flow ~ $0.989652 (-9.1%)
Follow and subscribe - @GulfCryptoInsight
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Elon Musk wants Twitter payments system built with crypto in mind
Twitter’s upcoming payments tool will initially support only fiat currencies, but Elon Musk wants it built to potentially support crypto in the future.
Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.
According to a Jan.…
https://cryptoinsight.ae/elon-musk-wants-twitter-payments-system-built-with-crypto-in-mind/
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Twitter’s upcoming payments tool will initially support only fiat currencies, but Elon Musk wants it built to potentially support crypto in the future.
Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.
According to a Jan.…
https://cryptoinsight.ae/elon-musk-wants-twitter-payments-system-built-with-crypto-in-mind/
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Millionaires flock to crypto: 82% sought investment advice in 2022
A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios.
Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin in 2022, according to a recent poll conducted by financial advisory firm…
https://cryptoinsight.ae/millionaires-flock-to-crypto-82-sought-investment-advice-in-2022/
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A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios.
Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin in 2022, according to a recent poll conducted by financial advisory firm…
https://cryptoinsight.ae/millionaires-flock-to-crypto-82-sought-investment-advice-in-2022/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $23,093.78 (1.2%)
Ethereum ~ $1,580.04 (0.8%)
Solana ~ $23.75 (-7.0%)
Polkadot ~ $6.18 (-0.4%)
Flow ~ $1.05 (6.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.09 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $23,093.78 (1.2%)
Ethereum ~ $1,580.04 (0.8%)
Solana ~ $23.75 (-7.0%)
Polkadot ~ $6.18 (-0.4%)
Flow ~ $1.05 (6.3%)
Follow and subscribe - @GulfCryptoInsight
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SEC settles on security claim in LBRY case; community calls it a big win for crypto
The SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November 2022, but judges made it clear that the judgment was only for the direct sale.
The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in…
https://cryptoinsight.ae/sec-settles-on-security-claim-in-lbry-case-community-calls-it-a-big-win-for-crypto/
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The SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November 2022, but judges made it clear that the judgment was only for the direct sale.
The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in…
https://cryptoinsight.ae/sec-settles-on-security-claim-in-lbry-case-community-calls-it-a-big-win-for-crypto/
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Founder of $7.5M ‘brazen fraud scheme’ gets 8 years behind bars
Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
Founder of “My Big Coin” Randall Crater has been sentenced to 100 months in prison and ordered to pay over $7.6 million to the victims of…
https://cryptoinsight.ae/founder-of-7-5m-brazen-fraud-scheme-gets-8-years-behind-bars/
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Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.
Founder of “My Big Coin” Randall Crater has been sentenced to 100 months in prison and ordered to pay over $7.6 million to the victims of…
https://cryptoinsight.ae/founder-of-7-5m-brazen-fraud-scheme-gets-8-years-behind-bars/
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Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report
A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.
The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams, according to an independent analysis.
A joint investigation by media firms the Bureau…
https://cryptoinsight.ae/crypto-scammers-abuse-lax-uk-company-laws-to-fool-victims-report/
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A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.
The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams, according to an independent analysis.
A joint investigation by media firms the Bureau…
https://cryptoinsight.ae/crypto-scammers-abuse-lax-uk-company-laws-to-fool-victims-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a 3.9% change in the last 24 hours
Bitcoin ~ $23,773.96 (2.8%)
Ethereum ~ $1,666.72 (5.4%)
Solana ~ $24.95 (5.3%)
Polkadot ~ $6.51 (4.7%)
Flow ~ $1.15 (8.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a 3.9% change in the last 24 hours
Bitcoin ~ $23,773.96 (2.8%)
Ethereum ~ $1,666.72 (5.4%)
Solana ~ $24.95 (5.3%)
Polkadot ~ $6.51 (4.7%)
Flow ~ $1.15 (8.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin spikes above $24K as Fed chair Powell talks of ‘disinflation’
While the rate increase was expected by the markets and Jerome Powell indicated more increases will come, the market has reacted positively to the Fed chairman’s comments.
The price of Bitcoin broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell indicated that…
https://cryptoinsight.ae/bitcoin-spikes-above-24k-as-fed-chair-powell-talks-of-disinflation/
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While the rate increase was expected by the markets and Jerome Powell indicated more increases will come, the market has reacted positively to the Fed chairman’s comments.
The price of Bitcoin broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% after United States Federal Reserve Chair Jerome Powell indicated that…
https://cryptoinsight.ae/bitcoin-spikes-above-24k-as-fed-chair-powell-talks-of-disinflation/
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US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part…
https://cryptoinsight.ae/us-treasury-lists-btc-eth-addresses-tied-to-russian-sanctions-evasion-group/
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The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part…
https://cryptoinsight.ae/us-treasury-lists-btc-eth-addresses-tied-to-russian-sanctions-evasion-group/
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Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
During a Q4 earnings call, Mark Zuckerberg said he saw no reason to deviate from the company’s long-term metaverse strategy.
Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the metaverse, despite operating losses for its Reality Labs business peaking in 2022.
Meta on Feb. 1…
https://cryptoinsight.ae/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback/
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During a Q4 earnings call, Mark Zuckerberg said he saw no reason to deviate from the company’s long-term metaverse strategy.
Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the metaverse, despite operating losses for its Reality Labs business peaking in 2022.
Meta on Feb. 1…
https://cryptoinsight.ae/meta-ceo-zuckerberg-steadfast-on-metaverse-plans-despite-13-7b-setback/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $23,535.09 (-0.9%)
Ethereum ~ $1,644.01 (-1.4%)
Solana ~ $24.50 (-1.9%)
Polkadot ~ $6.72 (3.3%)
Flow ~ $1.14 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $23,535.09 (-0.9%)
Ethereum ~ $1,644.01 (-1.4%)
Solana ~ $24.50 (-1.9%)
Polkadot ~ $6.72 (3.3%)
Flow ~ $1.14 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram