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/
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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/
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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/
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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/
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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/
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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/
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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
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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/
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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/
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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/
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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/
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Silvergate downfall sparks debate over whose fault it actually was
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.…
https://cryptoinsight.ae/silvergate-downfall-sparks-debate-over-whose-fault-it-actually-was/
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The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.…
https://cryptoinsight.ae/silvergate-downfall-sparks-debate-over-whose-fault-it-actually-was/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $967 Billion, a -7.3% change in the last 24 hours
Bitcoin ~ $19,952.84 (-8.2%)
Ethereum ~ $1,416.92 (-7.9%)
Solana ~ $17.06 (-8.3%)
Polkadot ~ $5.41 (-4.0%)
Flow ~ $0.885912 (-7.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $967 Billion, a -7.3% change in the last 24 hours
Bitcoin ~ $19,952.84 (-8.2%)
Ethereum ~ $1,416.92 (-7.9%)
Solana ~ $17.06 (-8.3%)
Polkadot ~ $5.41 (-4.0%)
Flow ~ $0.885912 (-7.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Breaking: Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate.
The price of BTC…
https://cryptoinsight.ae/breaking-bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse/
Website | Twitter | LinkedIn | Telegram
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate.
The price of BTC…
https://cryptoinsight.ae/breaking-bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse/
Website | Twitter | LinkedIn | Telegram
Hedera confirms exploit on mainnet led to theft of service tokens
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer.
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
Hedera said the attacker targeted liquidity pool tokens…
https://cryptoinsight.ae/hedera-confirms-exploit-on-mainnet-led-to-theft-of-service-tokens/
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Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer.
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
Hedera said the attacker targeted liquidity pool tokens…
https://cryptoinsight.ae/hedera-confirms-exploit-on-mainnet-led-to-theft-of-service-tokens/
Website | Twitter | LinkedIn | Telegram
US Fed to create new crypto team amid concerns about unregulated stablecoins
The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official,…
https://cryptoinsight.ae/us-fed-to-create-new-crypto-team-amid-concerns-about-unregulated-stablecoins/
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The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official,…
https://cryptoinsight.ae/us-fed-to-create-new-crypto-team-amid-concerns-about-unregulated-stablecoins/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $981 Billion, a 1.3% change in the last 24 hours
Bitcoin ~ $20,396.11 (2.22%)
Ethereum ~ $1,460.06 (3.0%)
Solana ~ $18.16 (6.6%)
Polkadot ~ $5.56 (2.6%)
Flow ~ $0.880393 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $981 Billion, a 1.3% change in the last 24 hours
Bitcoin ~ $20,396.11 (2.22%)
Ethereum ~ $1,460.06 (3.0%)
Solana ~ $18.16 (6.6%)
Polkadot ~ $5.56 (2.6%)
Flow ~ $0.880393 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may…
https://cryptoinsight.ae/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown/
Website | Twitter | LinkedIn | Telegram
Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may…
https://cryptoinsight.ae/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown/
Website | Twitter | LinkedIn | Telegram
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from…
https://cryptoinsight.ae/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank/
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At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from…
https://cryptoinsight.ae/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank/
Website | Twitter | LinkedIn | Telegram
4 strategies for staking Ethereum
From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac.
Staked Ether, liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness.
But remember,…
https://cryptoinsight.ae/4-strategies-for-staking-ethereum/
Website | Twitter | LinkedIn | Telegram
From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac.
Staked Ether, liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness.
But remember,…
https://cryptoinsight.ae/4-strategies-for-staking-ethereum/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $980 Billion, a -0.1% change in the last 24 hours
Bitcoin ~ $20,394.90 (-0.1%)
Ethereum ~ $1,466.65 (0.5%)
Solana ~ $17.96 (-1.0%)
Polkadot ~ $5.49 (-1.2%)
Flow ~ $0.857491 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $980 Billion, a -0.1% change in the last 24 hours
Bitcoin ~ $20,394.90 (-0.1%)
Ethereum ~ $1,466.65 (0.5%)
Solana ~ $17.96 (-1.0%)
Polkadot ~ $5.49 (-1.2%)
Flow ~ $0.857491 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.
In a Mar. 11 tweet, Bill Ackman, CEO…
https://cryptoinsight.ae/bill-ackman-warns-us-govt-fix-mistake-in-48-hours-or-face-destruction/
Website | Twitter | LinkedIn | Telegram
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.
In a Mar. 11 tweet, Bill Ackman, CEO…
https://cryptoinsight.ae/bill-ackman-warns-us-govt-fix-mistake-in-48-hours-or-face-destruction/
Website | Twitter | LinkedIn | Telegram
Silicon Valley Bank failure could trigger run on U.S. regional banks
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run,…
https://cryptoinsight.ae/silicon-valley-bank-failure-could-trigger-run-on-u-s-regional-banks/
Website | Twitter | LinkedIn | Telegram
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run,…
https://cryptoinsight.ae/silicon-valley-bank-failure-could-trigger-run-on-u-s-regional-banks/
Website | Twitter | LinkedIn | Telegram
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Several USD Coin holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank.
However, not all of them had success during…
https://cryptoinsight.ae/insolvency-fears-led-many-to-turn-to-other-stablecoins-sell-usdc-at-a-major-discount/
Website | Twitter | LinkedIn | Telegram
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Several USD Coin holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank.
However, not all of them had success during…
https://cryptoinsight.ae/insolvency-fears-led-many-to-turn-to-other-stablecoins-sell-usdc-at-a-major-discount/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 7.8% change in the last 24 hours
Bitcoin ~ $22,283.42 (9.1%)
Ethereum ~ $1,600.40 (9.0%)
Solana ~ $19.57 (9.0%)
Polkadot ~ $5.88 (7.3%)
Flow ~ $0.940155 (9.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 7.8% change in the last 24 hours
Bitcoin ~ $22,283.42 (9.1%)
Ethereum ~ $1,600.40 (9.0%)
Solana ~ $19.57 (9.0%)
Polkadot ~ $5.88 (7.3%)
Flow ~ $0.940155 (9.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram