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
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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
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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/
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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
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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
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DeFi enjoys prolific start to 2023: DappRadar report
DeFi protocols have seen significant growth in total value locked in January, with Lido Finance leading the charge.
Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January. The market hit $74.6 billion worth of staked assets, increasing by 26% from December.
In its latest monthly report, DappRadar…
https://cryptoinsight.ae/defi-enjoys-prolific-start-to-2023-dappradar-report/
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DeFi protocols have seen significant growth in total value locked in January, with Lido Finance leading the charge.
Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January. The market hit $74.6 billion worth of staked assets, increasing by 26% from December.
In its latest monthly report, DappRadar…
https://cryptoinsight.ae/defi-enjoys-prolific-start-to-2023-dappradar-report/
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OpenSea serves as an example of why crypto security must improve
For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end.
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t…
https://cryptoinsight.ae/opensea-serves-as-an-example-of-why-crypto-security-must-improve/
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For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end.
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t…
https://cryptoinsight.ae/opensea-serves-as-an-example-of-why-crypto-security-must-improve/
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Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.
Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin and stablecoins will be the solution…
https://cryptoinsight.ae/fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio/
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The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.
Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin and stablecoins will be the solution…
https://cryptoinsight.ae/fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $23,300.22 (-0.9%)
Ethereum ~ $1,650.25 (0.4%)
Solana ~ $24.41 (-0.3%)
Polkadot ~ $6.84 (1.8%)
Flow ~ $1.15 (1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $23,300.22 (-0.9%)
Ethereum ~ $1,650.25 (0.4%)
Solana ~ $24.41 (-0.3%)
Polkadot ~ $6.84 (1.8%)
Flow ~ $1.15 (1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says
Bitcoin’s bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management.
The next crypto bull market will start sooner than most people think, according to Mark Yusko, founder and CEO of Morgan Creek…
https://cryptoinsight.ae/crypto-summer-likely-to-start-in-q2-2023-morgan-creek-capital-ceo-says/
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Bitcoin’s bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management.
The next crypto bull market will start sooner than most people think, according to Mark Yusko, founder and CEO of Morgan Creek…
https://cryptoinsight.ae/crypto-summer-likely-to-start-in-q2-2023-morgan-creek-capital-ceo-says/
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The world must take a ‘collective action’ approach to regulations – suggests India’s Finance Minister
Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.
India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview.
Speaking to Rahul…
https://cryptoinsight.ae/the-world-must-take-a-collective-action-approach-to-regulations-suggests-indias-finance-minister/
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Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.
India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview.
Speaking to Rahul…
https://cryptoinsight.ae/the-world-must-take-a-collective-action-approach-to-regulations-suggests-indias-finance-minister/
Website | Twitter | LinkedIn | Telegram
Russia’s Sberbank plans to launch DeFi platform on Ethereum
DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months.
Sberbank expects to launch open trials of its DeFi…
https://cryptoinsight.ae/russias-sberbank-plans-to-launch-defi-platform-on-ethereum/
Website | Twitter | LinkedIn | Telegram
DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said.
Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months.
Sberbank expects to launch open trials of its DeFi…
https://cryptoinsight.ae/russias-sberbank-plans-to-launch-defi-platform-on-ethereum/
Website | Twitter | LinkedIn | Telegram