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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Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey

Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly “frustrated” by the one-sided global financial system.

A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency, a new survey has revealed.

Commissioned by crypto exchange Coinbase,…

https://cryptoinsight.ae/americans-frustrated-by-financial-system-inequality-20-own-crypto-survey/

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Bitcoin bulls remain in charge even in the face of increasing regulatory FUD

BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic.

Bitcoin price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain. At the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed…

https://cryptoinsight.ae/bitcoin-bulls-remain-in-charge-even-in-the-face-of-increasing-regulatory-fud/

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Challenges of data accessibility in the NFT market

Lack of data accessibility is a key challenge for the NFT sector. Here is how a data analysis tool is bringing transparency and liquidity to the market.

Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of…

https://cryptoinsight.ae/challenges-of-data-accessibility-in-the-nft-market/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.13 Trillion, a 0.9% change in the last 24 hours

Bitcoin ~ $23,699.12 (1.3%)
Ethereum ~ $1,652.69 (1.5%)
Solana ~ $22.58 (1.1%)
Polkadot ~ $6.54 (-0.1%)
Flow ~ $1.20 (-0.0%)

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Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

The company provided a link for voters to sign up so that they can gain information about local politicians’ crypto policies.

Coinbase has launched a grassroots political campaign to promote pro-crypto policies, according to a Feb. 28 Twitter thread from the company.

The company said that the #Crypto435 campaign is intended to “grow the crypto…

https://cryptoinsight.ae/coinbase-launches-grassroots-campaign-for-pro-crypto-policy-in-the-u-s/

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Vitalik Buterin says ‘more still needs to be done’ over high Ethereum txn fees

“Good user experience is not about the average case, it is about the worst case,” wrote the Ethereum co-founder.

In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin…

https://cryptoinsight.ae/vitalik-buterin-says-more-still-needs-to-be-done-over-high-ethereum-txn-fees/

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The evolution of DeFi: is a fully on-chain order book DEX a possibility?

Proving their supremacy when it comes to investor security and prioritizing investor interests is where decentralized finance has the ability to shine.

For most retail crypto investors, centralized digital marketplaces like Binance, Coinbase, Kraken, and many more have been the preferred gateway to the world of cryptocurrency trading. However, as leaked customer data like the…

https://cryptoinsight.ae/the-evolution-of-defi-is-a-fully-on-chain-order-book-dex-a-possibility/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.12 Trillion, a -1.1% change in the last 24 hours

Bitcoin ~ $23,423.94 (-1.2%)
Ethereum ~ $1,642.55 (-0.6%)
Solana ~ $21.91 (-2.8%)
Polkadot ~ $6.37 (-2.6%)
Flow ~ $1.15 (-3.7%)

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Notorious Monkey Drainer crypto scammer says they’re ‘shutting down’

The scammer behind the crypto wallet draining kit even recommended an alternative and gave advice to budding cybercriminals.

The cryptocurrency phishing scammer behind some of the most high-profile and high-value Web3 thefts is claiming to have packed up shop and is “moving on to something better.”

The scammer by the pseudonym Monkey Drainer posted to…

https://cryptoinsight.ae/notorious-monkey-drainer-crypto-scammer-says-theyre-shutting-down/

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Polygon launches decentralized ID product powered by ZK proofs

The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders.

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development.

The Polygon ID service uses zero-knowledge proofs (ZK proofs)…

https://cryptoinsight.ae/polygon-launches-decentralized-id-product-powered-by-zk-proofs/

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Decentralized finance to be examined at inaugural CFTC tech advisory meeting

A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.”

The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present.

The Commodities Futures…

https://cryptoinsight.ae/decentralized-finance-to-be-examined-at-inaugural-cftc-tech-advisory-meeting/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.08 Trillion, a -3.7% change in the last 24 hours

Bitcoin ~ $22,374.67 (-4.5%)
Ethereum ~ $1,568.87 (-4.5%)
Solana ~ $21.01 (-4.3%)
Polkadot ~ $6.04 (-5.4%)
Flow ~ $1.08 (-6.6%)

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Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap.

The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital.…

https://cryptoinsight.ae/bitcoin-price-slides-5-in-60-minutes-amid-silvergate-uncertainty/

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U.S. lawmakers argue SEC accounting policy places crypto customers at risk

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.

Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.

The guidelines came from the United States…

https://cryptoinsight.ae/u-s-lawmakers-argue-sec-accounting-policy-places-crypto-customers-at-risk/

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US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers

A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta’s failure to stop harmful ads aimed at young adults.

Two United States senators have penned a letter asking Meta CEO Mark Zuckerberg to halt a plan to allow young adults to access the firm’s metaverse platform,…

https://cryptoinsight.ae/us-lawmaker-behind-crypto-mining-legislation-urges-zuck-not-to-offer-metaverse-to-teenagers/

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How to set and achieve your financial goals

Set achievable financial objectives and use effective strategies to track progress and achieve success.

Before setting a financial goal, it’s important to have a clear understanding of your current financial situation, including income, debt, expenses and assets. Once you have a clear understanding of your current financial situation, you can start setting financial goals that…

https://cryptoinsight.ae/how-to-set-and-achieve-your-financial-goals/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.08 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $22,350.13 (-0.2%)
Ethereum ~ $1,569.02 (-0.0%)
Solana ~ $21.18 (0.8%)
Polkadot ~ $5.97 (-1.3%)
Flow ~ $1.08 (0.1%)

Follow and subscribe - @GulfCryptoInsight

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DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined

French police arrested two individuals in connection with the Platypus exploit in the month of February.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC)…

https://cryptoinsight.ae/defi-to-be-examined-at-inaugural-cftc-tech-advisory-meeting-finance-redefined/

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Galaxy tips Bitcoin NFT market to hit $4.5B by 2025

Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum.

In a “base case” scenario, Galaxy Digital’s research unit has tipped the burgeoning Bitcoin nonfungible token (NFT) market to hit a $4.5 billion market cap by March 2025.

Bitcoin…

https://cryptoinsight.ae/galaxy-tips-bitcoin-nft-market-to-hit-4-5b-by-2025/

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Binance launches anti-scam campaign after Hong Kong pilot run

The new campaign features a withdrawal warning message that attempts to prevent users from sending their crypto to scammers.

Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “Joint…

https://cryptoinsight.ae/binance-launches-anti-scam-campaign-after-hong-kong-pilot-run/

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