The economics of cryptocurrency mining: Costs, revenues and market trends
Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.
Mining refers to the process of verifying and adding new transactions to a blockchain network, such as in the case of Bitcoin or other cryptocurrencies. The economics of mining refers to the economic incentives and costs associated…
https://cryptoinsight.ae/the-economics-of-cryptocurrency-mining-costs-revenues-and-market-trends/
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Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.
Mining refers to the process of verifying and adding new transactions to a blockchain network, such as in the case of Bitcoin or other cryptocurrencies. The economics of mining refers to the economic incentives and costs associated…
https://cryptoinsight.ae/the-economics-of-cryptocurrency-mining-costs-revenues-and-market-trends/
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DeFi security: How trustless bridges can help protect users
Trustless bridges enable cross-chain transfers without needing a centralized custodian, potentially making it a safer option for interoperability.
Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on…
https://cryptoinsight.ae/defi-security-how-trustless-bridges-can-help-protect-users/
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Trustless bridges enable cross-chain transfers without needing a centralized custodian, potentially making it a safer option for interoperability.
Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on…
https://cryptoinsight.ae/defi-security-how-trustless-bridges-can-help-protect-users/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -0.1% change in the last 24 hours
Bitcoin ~ $24,502.70 (-0.9%)
Ethereum ~ $1,692.31 (-0.6%)
Solana ~ $26.49 (11.9%)
Polkadot ~ $7.48 (2.0%)
Flow ~ $1.41 (6.0%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -0.1% change in the last 24 hours
Bitcoin ~ $24,502.70 (-0.9%)
Ethereum ~ $1,692.31 (-0.6%)
Solana ~ $26.49 (11.9%)
Polkadot ~ $7.48 (2.0%)
Flow ~ $1.41 (6.0%)
Follow and subscribe - @GulfCryptoInsight
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Crypto’s next bull run will come from the East: Gemini co-founder
Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind.
Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor and co-founder of crypto exchange Gemini.
His comments have come amid an increase in…
https://cryptoinsight.ae/cryptos-next-bull-run-will-come-from-the-east-gemini-co-founder/
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Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind.
Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor and co-founder of crypto exchange Gemini.
His comments have come amid an increase in…
https://cryptoinsight.ae/cryptos-next-bull-run-will-come-from-the-east-gemini-co-founder/
Website | Twitter | LinkedIn | Telegram
Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time
While the collapse of FTX shaved $100 billion off of BTC’s market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion.
A 48% Bitcoin price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once…
https://cryptoinsight.ae/bitcoin-market-cap-flips-payments-giant-visa-for-the-3rd-time/
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While the collapse of FTX shaved $100 billion off of BTC’s market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion.
A 48% Bitcoin price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once…
https://cryptoinsight.ae/bitcoin-market-cap-flips-payments-giant-visa-for-the-3rd-time/
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‘Privacy has become a taboo,’ says crypto-anarchist project DarkFi
A group of pseudonymous developers from DarkFi spoke with Cointelegraph about how crypto is evolving amid privacy challenges, bad actors and government oversight.
Pierre-Joseph Proudhon introduced one of the first critiques of centralized authority in 1848, a few years after publishing his now-classic book What is Property? and calling for the abolition of property and…
https://cryptoinsight.ae/privacy-has-become-a-taboo-says-crypto-anarchist-project-darkfi/
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A group of pseudonymous developers from DarkFi spoke with Cointelegraph about how crypto is evolving amid privacy challenges, bad actors and government oversight.
Pierre-Joseph Proudhon introduced one of the first critiques of centralized authority in 1848, a few years after publishing his now-classic book What is Property? and calling for the abolition of property and…
https://cryptoinsight.ae/privacy-has-become-a-taboo-says-crypto-anarchist-project-darkfi/
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What is a supernet, and how does it work?
A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.
Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains.
Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can…
https://cryptoinsight.ae/what-is-a-supernet-and-how-does-it-work/
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A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.
Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains.
Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can…
https://cryptoinsight.ae/what-is-a-supernet-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $24,951.92 (1.8%)
Ethereum ~ $1,699.34 (0.5%)
Solana ~ $25.92 (-2.1%)
Polkadot ~ $7.47 (-0.1%)
Flow ~ $1.40 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $24,951.92 (1.8%)
Ethereum ~ $1,699.34 (0.5%)
Solana ~ $25.92 (-2.1%)
Polkadot ~ $7.47 (-0.1%)
Flow ~ $1.40 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin ‘fixes democracy’ and fights corruption: Human Rights Foundation
Human Rights Foundation CSO argues that Bitcoin represents free speech, property rights and open capital markets — stifling the power of tyrannical governments.
Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.
In a…
https://cryptoinsight.ae/bitcoin-fixes-democracy-and-fights-corruption-human-rights-foundation/
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Human Rights Foundation CSO argues that Bitcoin represents free speech, property rights and open capital markets — stifling the power of tyrannical governments.
Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.
In a…
https://cryptoinsight.ae/bitcoin-fixes-democracy-and-fights-corruption-human-rights-foundation/
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Modular blockchains could be the next hot crypto market trend in 2023
As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges.
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to achieve is a decentralized, secure interoperable solution.
Let’s…
https://cryptoinsight.ae/modular-blockchains-could-be-the-next-hot-crypto-market-trend-in-2023/
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As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges.
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to achieve is a decentralized, secure interoperable solution.
Let’s…
https://cryptoinsight.ae/modular-blockchains-could-be-the-next-hot-crypto-market-trend-in-2023/
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Cryptocurrency miners are leading the next stage of AI
A globally distributed AI network that relies on mining rigs will be difficult for governments to control, according to Dr. Ben Goertzel.
As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence.
Training…
https://cryptoinsight.ae/cryptocurrency-miners-are-leading-the-next-stage-of-ai/
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A globally distributed AI network that relies on mining rigs will be difficult for governments to control, according to Dr. Ben Goertzel.
As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence.
Training…
https://cryptoinsight.ae/cryptocurrency-miners-are-leading-the-next-stage-of-ai/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $24,033.28 (-3.6%)
Ethereum ~ $1,636.51 (-3.7%)
Solana ~ $23.89 (-7.7%)
Polkadot ~ $7.11 (-4.8%)
Flow ~ $1.26 (-10.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.15 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $24,033.28 (-3.6%)
Ethereum ~ $1,636.51 (-3.7%)
Solana ~ $23.89 (-7.7%)
Polkadot ~ $7.11 (-4.8%)
Flow ~ $1.26 (-10.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Coinbase staking ‘fundamentally different’ to Kraken’s — chief lawyer
After the Securities and Exchange Commission’s crackdown on Kraken, Coinbase chief legal officer Paul Grewal outlined the differences between that exchange’s staking product and its own.
The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United…
https://cryptoinsight.ae/coinbase-staking-fundamentally-different-to-krakens-chief-lawyer/
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After the Securities and Exchange Commission’s crackdown on Kraken, Coinbase chief legal officer Paul Grewal outlined the differences between that exchange’s staking product and its own.
The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United…
https://cryptoinsight.ae/coinbase-staking-fundamentally-different-to-krakens-chief-lawyer/
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Proof of Stake Alliance publishes white papers on legal aspects of liquidity staking
Experts from 10 industry organizations contributed to this pioneering examination of legal questions surrounding proof of stake.
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives…
https://cryptoinsight.ae/proof-of-stake-alliance-publishes-white-papers-on-legal-aspects-of-liquidity-staking/
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Experts from 10 industry organizations contributed to this pioneering examination of legal questions surrounding proof of stake.
The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives…
https://cryptoinsight.ae/proof-of-stake-alliance-publishes-white-papers-on-legal-aspects-of-liquidity-staking/
Website | Twitter | LinkedIn | Telegram
Gamers made up nearly half of all blockchain activity in January: DappRadar Report
A new report from DappRadar revealed that during the first month of 2023, blockchain gaming made up 48% of all DApp activity.
Play-to-earn blockchain gaming experienced a downturn over the last year as gamers prioritized improving the gameplay experience.
However, according to a new report from DappRadar, in the first month of 2023, gamers made…
https://cryptoinsight.ae/gamers-made-up-nearly-half-of-all-blockchain-activity-in-january-dappradar-report/
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A new report from DappRadar revealed that during the first month of 2023, blockchain gaming made up 48% of all DApp activity.
Play-to-earn blockchain gaming experienced a downturn over the last year as gamers prioritized improving the gameplay experience.
However, according to a new report from DappRadar, in the first month of 2023, gamers made…
https://cryptoinsight.ae/gamers-made-up-nearly-half-of-all-blockchain-activity-in-january-dappradar-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $24,382.82 (1.5%)
Ethereum ~ $1,665.64 (1.8%)
Solana ~ $24.38 (2.1%)
Polkadot ~ $7.31 (2.7%)
Flow ~ $1.27 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $24,382.82 (1.5%)
Ethereum ~ $1,665.64 (1.8%)
Solana ~ $24.38 (2.1%)
Polkadot ~ $7.31 (2.7%)
Flow ~ $1.27 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a Ponzi scheme.
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.
The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev…
https://cryptoinsight.ae/forsage-founders-indicted-over-340m-defi-ponzi-scheme/
Website | Twitter | LinkedIn | Telegram
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a Ponzi scheme.
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.
The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev…
https://cryptoinsight.ae/forsage-founders-indicted-over-340m-defi-ponzi-scheme/
Website | Twitter | LinkedIn | Telegram
Polygonscan went down, causing unwarranted concern of blockchain outage
Data from PolygonScan showed that the blockchain had not produced any new blocks or processed transactions for some time, leading some to believe it was suffering an outage.
Update: The article was updated at 11:45pm UTC on Feb. 22 to reflect that the blockchain explorer Polygonscan was not updating correctly. Polygon has continued to produce…
https://cryptoinsight.ae/polygonscan-went-down-causing-unwarranted-concern-of-blockchain-outage/
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Data from PolygonScan showed that the blockchain had not produced any new blocks or processed transactions for some time, leading some to believe it was suffering an outage.
Update: The article was updated at 11:45pm UTC on Feb. 22 to reflect that the blockchain explorer Polygonscan was not updating correctly. Polygon has continued to produce…
https://cryptoinsight.ae/polygonscan-went-down-causing-unwarranted-concern-of-blockchain-outage/
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‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer
The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.
Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision…
https://cryptoinsight.ae/it-would-be-absurd-for-a-us-court-to-rule-private-nfts-as-securities-lawyer/
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The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.
Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision…
https://cryptoinsight.ae/it-would-be-absurd-for-a-us-court-to-rule-private-nfts-as-securities-lawyer/
Website | Twitter | LinkedIn | Telegram
German DZ Bank adds digital currencies to asset management services
German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.
DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco.
According to the announcement sent to Cointelegraph, DZ…
https://cryptoinsight.ae/german-dz-bank-adds-digital-currencies-to-asset-management-services/
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German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services.
DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco.
According to the announcement sent to Cointelegraph, DZ…
https://cryptoinsight.ae/german-dz-bank-adds-digital-currencies-to-asset-management-services/
Website | Twitter | LinkedIn | Telegram