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 ~ $22,431.99 (0.2%)
Ethereum ~ $1,572.74 (0.0%)
Solana ~ $21.33 (0.6%)
Polkadot ~ $5.98 (0.0%)
Flow ~ $1.07 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $22,431.99 (0.2%)
Ethereum ~ $1,572.74 (0.0%)
Solana ~ $21.33 (0.6%)
Polkadot ~ $5.98 (0.0%)
Flow ~ $1.07 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
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The crypto industry has ‘already started’ moving outside US, says Ripple CEO
Ripple’s CEO Brad Garlinghouse stated that the SEC’s lawsuit against Ripple is the regulator playing “offense” and “attacking” the industry as a whole, believing it could put the U.S. at “severe risk.”
The United States Securities and Exchange Commission’s (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to…
https://cryptoinsight.ae/the-crypto-industry-has-already-started-moving-outside-us-says-ripple-ceo/
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Ripple’s CEO Brad Garlinghouse stated that the SEC’s lawsuit against Ripple is the regulator playing “offense” and “attacking” the industry as a whole, believing it could put the U.S. at “severe risk.”
The United States Securities and Exchange Commission’s (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to…
https://cryptoinsight.ae/the-crypto-industry-has-already-started-moving-outside-us-says-ripple-ceo/
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What is the time value of money (TVM)?
Understanding the time value of money is essential for making sound financial decisions and maximizing returns on investment.
Time value of money, explained
The time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power…
https://cryptoinsight.ae/what-is-the-time-value-of-money-tvm/
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Understanding the time value of money is essential for making sound financial decisions and maximizing returns on investment.
Time value of money, explained
The time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power…
https://cryptoinsight.ae/what-is-the-time-value-of-money-tvm/
Website | Twitter | LinkedIn | Telegram
Forget time-consuming DeFi practices — Simple solutions for auto-farming
DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored.
The world of decentralized finance (DeFi) opened a vast array of new opportunities with its explosion in 2020, but it also brought new challenges and profound risks to…
https://cryptoinsight.ae/forget-time-consuming-defi-practices-simple-solutions-for-auto-farming/
Website | Twitter | LinkedIn | Telegram
DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored.
The world of decentralized finance (DeFi) opened a vast array of new opportunities with its explosion in 2020, but it also brought new challenges and profound risks to…
https://cryptoinsight.ae/forget-time-consuming-defi-practices-simple-solutions-for-auto-farming/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $22,391.54 (-0.2%)
Ethereum ~ $1,562.17 (-0.5%)
Solana ~ $20.77 (-2.6%)
Polkadot ~ $5.92 (-1.0%)
Flow ~ $1.03 (-3.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.07 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $22,391.54 (-0.2%)
Ethereum ~ $1,562.17 (-0.5%)
Solana ~ $20.77 (-2.6%)
Polkadot ~ $5.92 (-1.0%)
Flow ~ $1.03 (-3.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama
DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.
Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February.
According to DeFi-centric data analytics platform DefiLlama, one of the largest in…
https://cryptoinsight.ae/7-defi-protocol-hacks-in-feb-sees-21-million-in-funds-pilfered-defillama/
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DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama.
Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February.
According to DeFi-centric data analytics platform DefiLlama, one of the largest in…
https://cryptoinsight.ae/7-defi-protocol-hacks-in-feb-sees-21-million-in-funds-pilfered-defillama/
Website | Twitter | LinkedIn | Telegram
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
“NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm.
Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion…
https://cryptoinsight.ae/crypto-funding-seen-shifting-from-cefi-to-defi-after-major-collapses-coingecko/
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“NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm.
Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion…
https://cryptoinsight.ae/crypto-funding-seen-shifting-from-cefi-to-defi-after-major-collapses-coingecko/
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Internal documents reveal Australia’s potential timeline for crypto legislation: Report
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least.
Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal…
https://cryptoinsight.ae/internal-documents-reveal-australias-potential-timeline-for-crypto-legislation-report/
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Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least.
Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal…
https://cryptoinsight.ae/internal-documents-reveal-australias-potential-timeline-for-crypto-legislation-report/
Website | Twitter | LinkedIn | Telegram
Russia-Ukraine war: How both sides of the conflict have used crypto to win
While tens of millions worth of crypto were donated to Ukraine in the last year, pro-Kremlin groups have also leveraged digital currencies to buy military supplies and spread propaganda.
In the Russia-Ukraine war, both sides of the conflict have been leveraging cryptocurrencies to achieve the upper hand.
Pro-Ukraine causes have collected around $200 million from…
https://cryptoinsight.ae/russia-ukraine-war-how-both-sides-of-the-conflict-have-used-crypto-to-win/
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While tens of millions worth of crypto were donated to Ukraine in the last year, pro-Kremlin groups have also leveraged digital currencies to buy military supplies and spread propaganda.
In the Russia-Ukraine war, both sides of the conflict have been leveraging cryptocurrencies to achieve the upper hand.
Pro-Ukraine causes have collected around $200 million from…
https://cryptoinsight.ae/russia-ukraine-war-how-both-sides-of-the-conflict-have-used-crypto-to-win/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $22,469.53 (0.3%)
Ethereum ~ $1,573.77 (0.8%)
Solana ~ $20.77 (-0.1%)
Polkadot ~ $5.95 (0.4%)
Flow ~ $1.04 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $22,469.53 (0.3%)
Ethereum ~ $1,573.77 (0.8%)
Solana ~ $20.77 (-0.1%)
Polkadot ~ $5.95 (0.4%)
Flow ~ $1.04 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”
There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador…
https://cryptoinsight.ae/is-the-imf-shutting-the-door-prematurely-on-bitcoin-as-legal-tender/
Website | Twitter | LinkedIn | Telegram
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”
There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador…
https://cryptoinsight.ae/is-the-imf-shutting-the-door-prematurely-on-bitcoin-as-legal-tender/
Website | Twitter | LinkedIn | Telegram
SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws.
The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.…
https://cryptoinsight.ae/sec-not-allowed-to-punish-voyager-advisers-over-bankruptcy-token-says-us-judge/
Website | Twitter | LinkedIn | Telegram
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws.
The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.…
https://cryptoinsight.ae/sec-not-allowed-to-punish-voyager-advisers-over-bankruptcy-token-says-us-judge/
Website | Twitter | LinkedIn | Telegram
Investor concerns persist as crypto investment products see 4th week of outflows
According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows.
On March 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which reveals that investors have continued to show negative sentiment toward crypto investment products, with outflows totaling $17 million.…
https://cryptoinsight.ae/investor-concerns-persist-as-crypto-investment-products-see-4th-week-of-outflows/
Website | Twitter | LinkedIn | Telegram
According to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows.
On March 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which reveals that investors have continued to show negative sentiment toward crypto investment products, with outflows totaling $17 million.…
https://cryptoinsight.ae/investor-concerns-persist-as-crypto-investment-products-see-4th-week-of-outflows/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.05 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $21,981.96 (-2.1%)
Ethereum ~ $1,552.42 (-1.3%)
Solana ~ $19.67 (-5.2%)
Polkadot ~ $5.68 (-4.5%)
Flow ~ $0.989303 (-4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.05 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $21,981.96 (-2.1%)
Ethereum ~ $1,552.42 (-1.3%)
Solana ~ $19.67 (-5.2%)
Polkadot ~ $5.68 (-4.5%)
Flow ~ $0.989303 (-4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
More than just an airdrop? Arbitrum builds a resilient DeFi fortress with unique primitives
Arbitrum is making moves to become the hub of decentralized derivatives trading and DeFi activity within the layer-2 space.
The total value locked (TVL) in decentralized finance applications on Arbitrum, the layer-2 Ethereum network blockchain, has doubled since the start of 2023.
While investors’ hope of an ARBI token airdrop is a major factor attracting…
https://cryptoinsight.ae/more-than-just-an-airdrop-arbitrum-builds-a-resilient-defi-fortress-with-unique-primitives/
Website | Twitter | LinkedIn | Telegram
Arbitrum is making moves to become the hub of decentralized derivatives trading and DeFi activity within the layer-2 space.
The total value locked (TVL) in decentralized finance applications on Arbitrum, the layer-2 Ethereum network blockchain, has doubled since the start of 2023.
While investors’ hope of an ARBI token airdrop is a major factor attracting…
https://cryptoinsight.ae/more-than-just-an-airdrop-arbitrum-builds-a-resilient-defi-fortress-with-unique-primitives/
Website | Twitter | LinkedIn | Telegram
89% still trust centralized custodians despite 2022’s collapses: Survey
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies in 2022.
American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges…
https://cryptoinsight.ae/89-still-trust-centralized-custodians-despite-2022s-collapses-survey/
Website | Twitter | LinkedIn | Telegram
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies in 2022.
American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, exchanges…
https://cryptoinsight.ae/89-still-trust-centralized-custodians-despite-2022s-collapses-survey/
Website | Twitter | LinkedIn | Telegram
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining.
Payments company Block, formerly known as Square, is delving deeper into the crypto mining industry with potential plans to build a “mining development kit.”
A Mar. 7 blog post revealed that the Jack…
https://cryptoinsight.ae/jack-dorseys-block-asks-for-input-on-proposed-mining-development-kit/
Website | Twitter | LinkedIn | Telegram
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining.
Payments company Block, formerly known as Square, is delving deeper into the crypto mining industry with potential plans to build a “mining development kit.”
A Mar. 7 blog post revealed that the Jack…
https://cryptoinsight.ae/jack-dorseys-block-asks-for-input-on-proposed-mining-development-kit/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.04 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $21,746.22 (-1.1%)
Ethereum ~ $1,539.31 (-0.9%)
Solana ~ $18.61 (-5.4%)
Polkadot ~ $5.64 (-0.7%)
Flow ~ $0.957991 (-2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.04 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $21,746.22 (-1.1%)
Ethereum ~ $1,539.31 (-0.9%)
Solana ~ $18.61 (-5.4%)
Polkadot ~ $5.64 (-0.7%)
Flow ~ $0.957991 (-2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
The Biden administration wants to apply the wash sale rule to digital assets.
U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales.
The Biden administration is set to release its fiscal…
https://cryptoinsight.ae/biden-wants-to-double-capital-gains-and-clamp-down-on-crypto-wash-sales-reports/
Website | Twitter | LinkedIn | Telegram
The Biden administration wants to apply the wash sale rule to digital assets.
U.S. President Joe Biden’s upcoming budget proposal has a few surprises for crypto traders and investors, including a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales.
The Biden administration is set to release its fiscal…
https://cryptoinsight.ae/biden-wants-to-double-capital-gains-and-clamp-down-on-crypto-wash-sales-reports/
Website | Twitter | LinkedIn | Telegram
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.
Stablecoins and Ether are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate…
https://cryptoinsight.ae/stablecoins-and-ether-are-going-to-be-commodities-reaffirms-cftc-chair/
Website | Twitter | LinkedIn | Telegram
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.
Stablecoins and Ether are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate…
https://cryptoinsight.ae/stablecoins-and-ether-are-going-to-be-commodities-reaffirms-cftc-chair/
Website | Twitter | LinkedIn | Telegram