Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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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%)

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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/

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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/

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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/

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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%)

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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/

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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/

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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/

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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/

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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%)

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Colombia’s legal system experiments in the metaverse: Report

Colombia has positioned itself at the forefront of innovative ways to conduct legal proceedings after recently hosting a trial in the metaverse.

A Colombian court recently hosted its first legal trial in the Metaverse, with the court magistrate saying it felt “more real than a video call,” according to a recent report.

According to a…

https://cryptoinsight.ae/colombias-legal-system-experiments-in-the-metaverse-report/

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Pharma companies team up with DeSci to accelerate scientific research

Pfizer is now the first big pharma to participate in a decentralized autonomous organization (DAO).

Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutical to vote on decentralized autonomous organization (DAO) proposals of…

https://cryptoinsight.ae/pharma-companies-team-up-with-desci-to-accelerate-scientific-research/

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Coordinated global crypto policies: G20 key financial stability priority

India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms.

The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency discussed key financial stability and regulatory priorities. India urged member nations to understand the macro-financial implications…

https://cryptoinsight.ae/coordinated-global-crypto-policies-g20-key-financial-stability-priority/

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Solana faces slowdown in block production, network restarted

The issue is linked to the recent network upgrade from 1.13 to 1.14, which slowed block finalization.

Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network…

https://cryptoinsight.ae/solana-faces-slowdown-in-block-production-network-restarted/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.12 Trillion, a 1.2% change in the last 24 hours

Bitcoin ~ $23,417.40 (1.2%)
Ethereum ~ $1,635.91 (2.4%)
Solana ~ $22.85 (1.3%)
Polkadot ~ $6.61 (0.9%)
Flow ~ $1.21 (0.5%)

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BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report

Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder.

Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is…

https://cryptoinsight.ae/bitflyer-founder-seeks-to-reinstate-self-as-ceo-leading-firm-to-ipo-report/

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IMF prefers to regulate crypto than banning it outright: Report

On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban.

The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now.…

https://cryptoinsight.ae/imf-prefers-to-regulate-crypto-than-banning-it-outright-report/

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Bitcoin may only need 4 weeks to hit $30K as key monthly close looms

Opinions vary on BTC price strength, with Bloomberg Intelligence warning that $25,000 may stay in place as major resistance.

Bitcoin sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance.

BTC price bulls keep faith in $30,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching…

https://cryptoinsight.ae/bitcoin-may-only-need-4-weeks-to-hit-30k-as-key-monthly-close-looms/

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FSB, IMF and BIS papers to set global crypto framework, says G20

A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September.

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, the…

https://cryptoinsight.ae/fsb-imf-and-bis-papers-to-set-global-crypto-framework-says-g20/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.12 Trillion, a -0.3% change in the last 24 hours

Bitcoin ~ $23,404.24 (-0.1%)
Ethereum ~ $1,629.43 (-0.4%)
Solana ~ $22.35 (-2.3%)
Polkadot ~ $6.54 (-1.2%)
Flow ~ $1.20 (-0.5%)

Follow and subscribe - @GulfCryptoInsight

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