Hello there!
Day started from:
The global cryptocurrency market cap today is $1.05 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $21,736.54 (-0.5%)
Ethereum ~ $1,504.18 (-1.0%)
Solana ~ $20.96 (-0.4%)
Polkadot ~ $6.12 (-1.5%)
Flow ~ $1.03 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.05 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $21,736.54 (-0.5%)
Ethereum ~ $1,504.18 (-1.0%)
Solana ~ $20.96 (-0.4%)
Polkadot ~ $6.12 (-1.5%)
Flow ~ $1.03 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO
If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.
In a Feb.…
https://cryptoinsight.ae/bitcoin-could-hit-10m-in-9-years-but-more-sidechains-needed-blockstream-ceo/
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If Back and Finney’s $10 million price prediction becomes true, the BTC market cap will reach approximately $200 trillion.
Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.
In a Feb.…
https://cryptoinsight.ae/bitcoin-could-hit-10m-in-9-years-but-more-sidechains-needed-blockstream-ceo/
Website | Twitter | LinkedIn | Telegram
UAE central bank to issue CBDC as part of its financial transformation program
The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program.…
https://cryptoinsight.ae/uae-central-bank-to-issue-cbdc-as-part-of-its-financial-transformation-program/
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The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program.…
https://cryptoinsight.ae/uae-central-bank-to-issue-cbdc-as-part-of-its-financial-transformation-program/
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You don’t see that every day: Empty Bitcoin block found
Don’t be fooled by its emptiness: Block 776,339 plays as important a role as busier blocks in the Bitcoin blockchain.
Bitcoin is known for its robustness, security and predictability. Every 10 minutes — on average — the blockchain produces a new block, and the successful miner earns a block reward of 6.25 Bitcoin, around $130,000.…
https://cryptoinsight.ae/you-dont-see-that-every-day-empty-bitcoin-block-found/
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Don’t be fooled by its emptiness: Block 776,339 plays as important a role as busier blocks in the Bitcoin blockchain.
Bitcoin is known for its robustness, security and predictability. Every 10 minutes — on average — the blockchain produces a new block, and the successful miner earns a block reward of 6.25 Bitcoin, around $130,000.…
https://cryptoinsight.ae/you-dont-see-that-every-day-empty-bitcoin-block-found/
Website | Twitter | LinkedIn | Telegram
Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Crypto financial services Matrixport’s head of research believes the recent scrutiny of Paxos and its Binance USD token is not a direct attack on stablecoins themselves.
In a Feb. 14 analysis, Matrixport’s Markus…
https://cryptoinsight.ae/stablecoins-not-the-target-in-busd-crackdown-matrixport-head-of-research/
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Crypto financial service Matrixport’s head of research believes regulators are not targeting all stablecoins with the regulatory crackdown on BUSD issuer Paxos.
Crypto financial services Matrixport’s head of research believes the recent scrutiny of Paxos and its Binance USD token is not a direct attack on stablecoins themselves.
In a Feb. 14 analysis, Matrixport’s Markus…
https://cryptoinsight.ae/stablecoins-not-the-target-in-busd-crackdown-matrixport-head-of-research/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $22,150.56 (1.7%)
Ethereum ~ $1,551.47 (3.0%)
Solana ~ $21.65 (3.2%)
Polkadot ~ $6.20 (1.3%)
Flow ~ $1.05 (2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $22,150.56 (1.7%)
Ethereum ~ $1,551.47 (3.0%)
Solana ~ $21.65 (3.2%)
Polkadot ~ $6.20 (1.3%)
Flow ~ $1.05 (2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022.
Around $1.4 million worth of crypto frozen by the trading platforms…
https://cryptoinsight.ae/binance-and-huobi-freeze-1-4m-in-crypto-linked-to-north-korean-hackers/
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The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022.
Around $1.4 million worth of crypto frozen by the trading platforms…
https://cryptoinsight.ae/binance-and-huobi-freeze-1-4m-in-crypto-linked-to-north-korean-hackers/
Website | Twitter | LinkedIn | Telegram
Binance CEO: Crypto industry will probably move to non-dollar stablecoins
Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.
The crypto industry will “probably” start using euro, yen, or Singapore dollar-based stablecoins in the future, reducing its reliance on United States dollar-based…
https://cryptoinsight.ae/binance-ceo-crypto-industry-will-probably-move-to-non-dollar-stablecoins/
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Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.
The crypto industry will “probably” start using euro, yen, or Singapore dollar-based stablecoins in the future, reducing its reliance on United States dollar-based…
https://cryptoinsight.ae/binance-ceo-crypto-industry-will-probably-move-to-non-dollar-stablecoins/
Website | Twitter | LinkedIn | Telegram
Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi
While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.
A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.…
https://cryptoinsight.ae/sen-warren-vows-reintroduction-of-aml-bill-that-extends-to-daos-and-defi/
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While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.
A bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be reintroduced to Congress, according to United States Senator Elizabeth Warren.…
https://cryptoinsight.ae/sen-warren-vows-reintroduction-of-aml-bill-that-extends-to-daos-and-defi/
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The ethics of the metaverse: Privacy, ownership and control
As the metaverse continues to grow and evolve, it is essential that we consider and address the ethical questions and challenges it raises.
The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of:
Privacy: Who has access to and how is personal information used within…
https://cryptoinsight.ae/the-ethics-of-the-metaverse-privacy-ownership-and-control/
Website | Twitter | LinkedIn | Telegram
As the metaverse continues to grow and evolve, it is essential that we consider and address the ethical questions and challenges it raises.
The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of:
Privacy: Who has access to and how is personal information used within…
https://cryptoinsight.ae/the-ethics-of-the-metaverse-privacy-ownership-and-control/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 8.6% change in the last 24 hours
Bitcoin ~ $24,701.20 (11.7%)
Ethereum ~ $1,695.87 (9.3%)
Solana ~ $23.83 (10.2%)
Polkadot ~ $6.64 (7.1%)
Flow ~ $1.19 (12.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 8.6% change in the last 24 hours
Bitcoin ~ $24,701.20 (11.7%)
Ethereum ~ $1,695.87 (9.3%)
Solana ~ $23.83 (10.2%)
Polkadot ~ $6.64 (7.1%)
Flow ~ $1.19 (12.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Abu Dhabi to back the growth of Web3 startups with $2B
Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as,…
https://cryptoinsight.ae/abu-dhabi-to-back-the-growth-of-web3-startups-with-2b/
Website | Twitter | LinkedIn | Telegram
Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as,…
https://cryptoinsight.ae/abu-dhabi-to-back-the-growth-of-web3-startups-with-2b/
Website | Twitter | LinkedIn | Telegram
Binance banking problems highlight a divide between crypto firms and banks
With exchanges losing banking partners, experts are beginnig to warn of a widening relationship between crypto firms and traditional banks.
Binance, the world’s leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The…
https://cryptoinsight.ae/binance-banking-problems-highlight-a-divide-between-crypto-firms-and-banks/
Website | Twitter | LinkedIn | Telegram
With exchanges losing banking partners, experts are beginnig to warn of a widening relationship between crypto firms and traditional banks.
Binance, the world’s leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The…
https://cryptoinsight.ae/binance-banking-problems-highlight-a-divide-between-crypto-firms-and-banks/
Website | Twitter | LinkedIn | Telegram
SEC proposes tougher rules as part of its crypto custody crackdown
The new proposals set forth by the Gensler-led Securities and Exchange Commission seek to “expand the scope” of rules set out by the 2009 Custody Rules.
A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to…
https://cryptoinsight.ae/sec-proposes-tougher-rules-as-part-of-its-crypto-custody-crackdown/
Website | Twitter | LinkedIn | Telegram
The new proposals set forth by the Gensler-led Securities and Exchange Commission seek to “expand the scope” of rules set out by the 2009 Custody Rules.
A five-member panel of the United States Securities Exchange Commission (SEC) has voted 4-1 in favor of a proposal that may make it more difficult for cryptocurrency firms to…
https://cryptoinsight.ae/sec-proposes-tougher-rules-as-part-of-its-crypto-custody-crackdown/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $23,709.45 (-4.0%)
Ethereum ~ $1,657.10 (-2.3%)
Solana ~ $22.60 (-5.1%)
Polkadot ~ $6.70 (0.4%)
Flow ~ $1.16 (-2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -2.8% change in the last 24 hours
Bitcoin ~ $23,709.45 (-4.0%)
Ethereum ~ $1,657.10 (-2.3%)
Solana ~ $22.60 (-5.1%)
Polkadot ~ $6.70 (0.4%)
Flow ~ $1.16 (-2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
California regulator launches complaint-based crypto scam tracker
The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information.
The California Department of Financial Protection and Innovation has launched a new crypto scam tracker to help traders and investors spot possible industry threats.
zDFPI launched the tracker on Feb. 16.…
https://cryptoinsight.ae/california-regulator-launches-complaint-based-crypto-scam-tracker/
Website | Twitter | LinkedIn | Telegram
The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information.
The California Department of Financial Protection and Innovation has launched a new crypto scam tracker to help traders and investors spot possible industry threats.
zDFPI launched the tracker on Feb. 16.…
https://cryptoinsight.ae/california-regulator-launches-complaint-based-crypto-scam-tracker/
Website | Twitter | LinkedIn | Telegram
Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year
Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis.
Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.
A Feb. 16 report from blockchain analytics firm Chainalysis…
https://cryptoinsight.ae/crypto-investors-spent-4-6b-buying-pump-and-dump-tokens-last-year/
Website | Twitter | LinkedIn | Telegram
Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis.
Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022.
A Feb. 16 report from blockchain analytics firm Chainalysis…
https://cryptoinsight.ae/crypto-investors-spent-4-6b-buying-pump-and-dump-tokens-last-year/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $24,654.71 (4.0%)
Ethereum ~ $1,699.29 (2.5%)
Solana ~ $23.44 (3.7%)
Polkadot ~ $7.32 (9.3%)
Flow ~ $1.36 (18.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $24,654.71 (4.0%)
Ethereum ~ $1,699.29 (2.5%)
Solana ~ $23.44 (3.7%)
Polkadot ~ $7.32 (9.3%)
Flow ~ $1.36 (18.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Dexible aggregator hacked for $2M via ‘selfSwap’ function
The buggy function was intended to allow users to provide their own routing information, but the code did not limit routers to a preapproved list.
The multichain exchange aggregator Dexible has been hit by an exploit, and $2 million worth of cryptocurrency has been lost as a result, according to a Feb. 17 post-mortem report…
https://cryptoinsight.ae/dexible-aggregator-hacked-for-2m-via-selfswap-function/
Website | Twitter | LinkedIn | Telegram
The buggy function was intended to allow users to provide their own routing information, but the code did not limit routers to a preapproved list.
The multichain exchange aggregator Dexible has been hit by an exploit, and $2 million worth of cryptocurrency has been lost as a result, according to a Feb. 17 post-mortem report…
https://cryptoinsight.ae/dexible-aggregator-hacked-for-2m-via-selfswap-function/
Website | Twitter | LinkedIn | Telegram
Russia to roll out CBDC pilot with real consumers in April
Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.
The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.
Russia’s central bank is set to soon debut the…
https://cryptoinsight.ae/russia-to-roll-out-cbdc-pilot-with-real-consumers-in-april/
Website | Twitter | LinkedIn | Telegram
Russia’s central bank is preparing to launch the first consumer pilot for the digital ruble in collaboration with 13 local banks.
The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.
Russia’s central bank is set to soon debut the…
https://cryptoinsight.ae/russia-to-roll-out-cbdc-pilot-with-real-consumers-in-april/
Website | Twitter | LinkedIn | Telegram