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/
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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
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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
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‘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/
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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/
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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
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $23,377.53 (0.3%)
Ethereum ~ $1,666.82 (1.0%)
Solana ~ $24.41 (0.1%)
Polkadot ~ $6.85 (0.2%)
Flow ~ $1.16 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.13 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $23,377.53 (0.3%)
Ethereum ~ $1,666.82 (1.0%)
Solana ~ $24.41 (0.1%)
Polkadot ~ $6.85 (0.2%)
Flow ~ $1.16 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
London emerges as world’s most crypto-ready city for business — Research
An examination of eight key data points determined London to sport the highest crypto readiness to entice businesses and start-ups.
Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events…
https://cryptoinsight.ae/london-emerges-as-worlds-most-crypto-ready-city-for-business-research/
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An examination of eight key data points determined London to sport the highest crypto readiness to entice businesses and start-ups.
Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events…
https://cryptoinsight.ae/london-emerges-as-worlds-most-crypto-ready-city-for-business-research/
Website | Twitter | LinkedIn | Telegram
How to protect against crime in the metaverse
What is the dark side of the metaverse?
The metaverse has the potential to alter the way we interact and engage with one another and technology. However, there are also possible drawbacks and risks, just like with any new technology. Potential problems with privacy, security and legislation are part of the metaverse’s negative side.
One…
https://cryptoinsight.ae/how-to-protect-against-crime-in-the-metaverse/
Website | Twitter | LinkedIn | Telegram
What is the dark side of the metaverse?
The metaverse has the potential to alter the way we interact and engage with one another and technology. However, there are also possible drawbacks and risks, just like with any new technology. Potential problems with privacy, security and legislation are part of the metaverse’s negative side.
One…
https://cryptoinsight.ae/how-to-protect-against-crime-in-the-metaverse/
Website | Twitter | LinkedIn | Telegram
Tax strategies allow crypto investors to offset losses
Reporting cryptocurrency when filing taxes can help investors offset their losses.
2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.
Detrimental losses such as these are often concerning for crypto investors, yet there may be…
https://cryptoinsight.ae/tax-strategies-allow-crypto-investors-to-offset-losses/
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Reporting cryptocurrency when filing taxes can help investors offset their losses.
2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.
Detrimental losses such as these are often concerning for crypto investors, yet there may be…
https://cryptoinsight.ae/tax-strategies-allow-crypto-investors-to-offset-losses/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -2.5% change in the last 24 hours
Bitcoin ~ $22,762.88 (-2.5%)
Ethereum ~ $1,622.04 (-2.6%)
Solana ~ $23.09 (-5.4%)
Polkadot ~ $6.63 (-3.3%)
Flow ~ $1.10 (-5.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.1 Trillion, a -2.5% change in the last 24 hours
Bitcoin ~ $22,762.88 (-2.5%)
Ethereum ~ $1,622.04 (-2.6%)
Solana ~ $23.09 (-5.4%)
Polkadot ~ $6.63 (-3.3%)
Flow ~ $1.10 (-5.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
What is the global financial crisis and its impact on the global economy
The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks.
When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds,…
https://cryptoinsight.ae/what-is-the-global-financial-crisis-and-its-impact-on-the-global-economy/
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The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks.
When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds,…
https://cryptoinsight.ae/what-is-the-global-financial-crisis-and-its-impact-on-the-global-economy/
Website | Twitter | LinkedIn | Telegram
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — MicroStrategy co-founder
The bankruptcies of once high-profile crypto players are “painful” but helpful, according to Michael Saylor, but industry oversight is still needed.
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor.
In a Feb. 3 interview on…
https://cryptoinsight.ae/crypto-needs-adult-supervision-and-turmoil-to-grow-up-microstrategy-co-founder/
Website | Twitter | LinkedIn | Telegram
The bankruptcies of once high-profile crypto players are “painful” but helpful, according to Michael Saylor, but industry oversight is still needed.
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to MicroStrategy co-founder Michael Saylor.
In a Feb. 3 interview on…
https://cryptoinsight.ae/crypto-needs-adult-supervision-and-turmoil-to-grow-up-microstrategy-co-founder/
Website | Twitter | LinkedIn | Telegram
Spanish rehab center adds crypto trading addiction to services list
The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading.
A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility…
https://cryptoinsight.ae/spanish-rehab-center-adds-crypto-trading-addiction-to-services-list/
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The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading.
A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility…
https://cryptoinsight.ae/spanish-rehab-center-adds-crypto-trading-addiction-to-services-list/
Website | Twitter | LinkedIn | Telegram
Interpol wants to police metaverse crimes, reveals secretary general
According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “we need to sufficiently respond to that.”
The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.…
https://cryptoinsight.ae/interpol-wants-to-police-metaverse-crimes-reveals-secretary-general/
Website | Twitter | LinkedIn | Telegram
According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “we need to sufficiently respond to that.”
The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime.…
https://cryptoinsight.ae/interpol-wants-to-police-metaverse-crimes-reveals-secretary-general/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $22,958.06 (0.9%)
Ethereum ~ $1,636.73 (0.9%)
Solana ~ $23.15 (0.3%)
Polkadot ~ $6.64 (0.2%)
Flow ~ $1.10 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $22,958.06 (0.9%)
Ethereum ~ $1,636.73 (0.9%)
Solana ~ $23.15 (0.3%)
Polkadot ~ $6.64 (0.2%)
Flow ~ $1.10 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
North Korea stole more crypto in 2022 than any other year: UN report
A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.
A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.
The UN report, seen by Reuters, was…
https://cryptoinsight.ae/north-korea-stole-more-crypto-in-2022-than-any-other-year-un-report/
Website | Twitter | LinkedIn | Telegram
A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.
A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.
The UN report, seen by Reuters, was…
https://cryptoinsight.ae/north-korea-stole-more-crypto-in-2022-than-any-other-year-un-report/
Website | Twitter | LinkedIn | Telegram
FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.
In testimony…
https://cryptoinsight.ae/ftx-ceo-testifies-on-pure-hell-post-bankruptcy-days-at-exchange/
Website | Twitter | LinkedIn | Telegram
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel.
John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.
In testimony…
https://cryptoinsight.ae/ftx-ceo-testifies-on-pure-hell-post-bankruptcy-days-at-exchange/
Website | Twitter | LinkedIn | Telegram
Genesis creditors to expect 80% recovery under proposed restructuring plan
Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval.
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds.
On Feb.…
https://cryptoinsight.ae/genesis-creditors-to-expect-80-recovery-under-proposed-restructuring-plan/
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Digital Currency Group (DCG) plans to hand its equity stake in Genesis’ trading arm to Genesis Global, which will then be sold, pending court approval.
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds.
On Feb.…
https://cryptoinsight.ae/genesis-creditors-to-expect-80-recovery-under-proposed-restructuring-plan/
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