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/
Website | Twitter | LinkedIn | Telegram
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
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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
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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/
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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/
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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
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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/
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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/
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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
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $23,832.11 (-2.2%)
Ethereum ~ $1,645.13 (-1.2%)
Solana ~ $23.85 (-2.1%)
Polkadot ~ $7.03 (-3.7%)
Flow ~ $1.23 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $23,832.11 (-2.2%)
Ethereum ~ $1,645.13 (-1.2%)
Solana ~ $23.85 (-2.1%)
Polkadot ~ $7.03 (-3.7%)
Flow ~ $1.23 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
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Coinbase launches its own layer-2 network for building decentralized apps
The network, known as Base, is designed to be a low-cost, secure, developer-friendly environment that Coinbase said will serve as a bridge to bring users into the crypto economy.
On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a…
https://cryptoinsight.ae/coinbase-launches-its-own-layer-2-network-for-building-decentralized-apps/
Website | Twitter | LinkedIn | Telegram
The network, known as Base, is designed to be a low-cost, secure, developer-friendly environment that Coinbase said will serve as a bridge to bring users into the crypto economy.
On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a…
https://cryptoinsight.ae/coinbase-launches-its-own-layer-2-network-for-building-decentralized-apps/
Website | Twitter | LinkedIn | Telegram
How to teach cryptocurrency to your children
While teaching cryptocurrency to your children, make it relatable, use examples, start simple, emphasize security, and encourage curiosity.
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children:
Start with the basics and…
https://cryptoinsight.ae/how-to-teach-cryptocurrency-to-your-children/
Website | Twitter | LinkedIn | Telegram
While teaching cryptocurrency to your children, make it relatable, use examples, start simple, emphasize security, and encourage curiosity.
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children:
Start with the basics and…
https://cryptoinsight.ae/how-to-teach-cryptocurrency-to-your-children/
Website | Twitter | LinkedIn | Telegram
Aussies revealed as prime targets of Israel crypto scam syndicate
Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses.
Evidence uncovered…
https://cryptoinsight.ae/aussies-revealed-as-prime-targets-of-israel-crypto-scam-syndicate/
Website | Twitter | LinkedIn | Telegram
Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses.
Evidence uncovered…
https://cryptoinsight.ae/aussies-revealed-as-prime-targets-of-israel-crypto-scam-syndicate/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $23,082.74 (-3.2%)
Ethereum ~ $1,598.83 (-3.0%)
Solana ~ $23.00 (-3.7%)
Polkadot ~ $6.58 (-6.7%)
Flow ~ $1.21 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $23,082.74 (-3.2%)
Ethereum ~ $1,598.83 (-3.0%)
Solana ~ $23.00 (-3.7%)
Polkadot ~ $6.58 (-6.7%)
Flow ~ $1.21 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits.
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010…
https://cryptoinsight.ae/whale-sells-1010-nfts-in-48-hours-in-largest-nft-dump-ever/
Website | Twitter | LinkedIn | Telegram
With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits.
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010…
https://cryptoinsight.ae/whale-sells-1010-nfts-in-48-hours-in-largest-nft-dump-ever/
Website | Twitter | LinkedIn | Telegram
DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study
Researchers affiliated with Canada’s central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them.
The Bank of Canada has released a working paper that examines lending protocols in decentralized finance with regard to sources of instability and their relation to crypto asset prices. Its findings point…
https://cryptoinsight.ae/defi-fragility-causes-and-cures-explored-in-highly-technical-bank-of-canada-study/
Website | Twitter | LinkedIn | Telegram
Researchers affiliated with Canada’s central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them.
The Bank of Canada has released a working paper that examines lending protocols in decentralized finance with regard to sources of instability and their relation to crypto asset prices. Its findings point…
https://cryptoinsight.ae/defi-fragility-causes-and-cures-explored-in-highly-technical-bank-of-canada-study/
Website | Twitter | LinkedIn | Telegram
FATF agrees on roadmap for implementation of crypto standards
Part of the FATF’s “Travel Rule” includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies.
In a…
https://cryptoinsight.ae/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards/
Website | Twitter | LinkedIn | Telegram
Part of the FATF’s “Travel Rule” includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
The Financial Action Task Force, or FATF, has reported that its delegates have come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies.
In a…
https://cryptoinsight.ae/fatf-agrees-on-roadmap-for-implementation-of-crypto-standards/
Website | Twitter | LinkedIn | Telegram
Change lies ahead for haphazard crypto regulation
Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.
The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national…
https://cryptoinsight.ae/change-lies-ahead-for-haphazard-crypto-regulation/
Website | Twitter | LinkedIn | Telegram
Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.
The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national…
https://cryptoinsight.ae/change-lies-ahead-for-haphazard-crypto-regulation/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $23,128.28 (0.1%)
Ethereum ~ $1,597.89 (-0.1%)
Solana ~ $22.56 (-1.9%)
Polkadot ~ $6.55 (-6.7%)
Flow ~ $1.20 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $23,128.28 (0.1%)
Ethereum ~ $1,597.89 (-0.1%)
Solana ~ $22.56 (-1.9%)
Polkadot ~ $6.55 (-6.7%)
Flow ~ $1.20 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram