What are distributed systems, and how do they work?

What is a distributed system?

A distributed system is a collection of independent computers that appear to the user as a single coherent system. 

To accomplish a common objective, the computers in a distributed system communicate with one another. A distributed system’s computers may be housed in one physical place or dispersed across several regions.…

https://cryptoinsight.ae/what-are-distributed-systems-and-how-do-they-work/

Website | Twitter | LinkedIn | Telegram

What are the Howey test and its implications for cryptocurrency?

The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.
What is the Howey test?
The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by…

https://cryptoinsight.ae/what-are-the-howey-test-and-its-implications-for-cryptocurrency/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $1.21 Trillion, a 0.4% change in the last 24 hours

Bitcoin ~ $27,760.35 (2.1%)
Ethereum ~ $1,773.92 (-0.7%)
Solana ~ $22.43 (2.6%)
Polkadot ~ $6.38 (-1.3%)
Flow ~ $1.07 (0.3%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Beware of fake Arbitrum Airdrops, community warns

The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens.

Ethereum layer-2 scaling solution Arbitrum’s upcoming “ARB” token Airdrop appears to have become a popular target for scammers, with the community warning of hundreds of phishing scams aimed at tricking crypto users.

Announced in a March…

https://cryptoinsight.ae/beware-of-fake-arbitrum-airdrops-community-warns/

Website | Twitter | LinkedIn | Telegram

DefiLlama forked as internal dispute unfolds

A disagreement over the launch of a LLAMA token led core employees to fork DefiLlama blockchain on March 19.

A dispute has taken place within the decentralized finance analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend.

The dispute centers on the company’s plans to launch a…

https://cryptoinsight.ae/defillama-forked-as-internal-dispute-unfolds/

Website | Twitter | LinkedIn | Telegram

Binance’s response to U.S. Senators lacks financial information: Report

Binance’s Patrick Hillman answered a letter from United States Senators requesting information on Binance’s operations in the country and its relationship with Binance.US.

Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet.

According to a report on March…

https://cryptoinsight.ae/binances-response-to-u-s-senators-lacks-financial-information-report/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $1.2 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $27,924.85 (0.5%)
Ethereum ~ $1,749.98 (-1.4%)
Solana ~ $22.46 (-0.0%)
Polkadot ~ $6.18 (-3.1%)
Flow ~ $1.11 (3.4%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high

Sentiment toward the crypto market is the most positive its been since around the time Bitcoin hit its all-time high almost 16 months ago.

The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin posted its all-time high in November 2021.

A March 20 update…

https://cryptoinsight.ae/crypto-fear-and-greed-index-hits-highest-level-since-bitcoins-all-time-high/

Website | Twitter | LinkedIn | Telegram

Manta Network seeks to bring privacy to nonfungible crypto assets with new NPO platform

The new NFT Private Offering platform will enable users to mint nonfungible tokens and soulbound tokens while maintaining the privacy of their crypto assets.

Zero-knowledge layer 1 blockchain Manta Network announced on March 20 that it had added support for assets, including nonfungible tokens (NFTs) and soulbound tokens (SBTs), to its protocol. The MantaPay protocol,…

https://cryptoinsight.ae/manta-network-seeks-to-bring-privacy-to-nonfungible-crypto-assets-with-new-npo-platform/

Website | Twitter | LinkedIn | Telegram

US exploring ways to guarantee the country’s 18T of bank deposits: Report

The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.

U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen.

The current deposit insurance cap under the…

https://cryptoinsight.ae/us-exploring-ways-to-guarantee-the-countrys-18t-of-bank-deposits-report/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $1.23 Trillion, a 2.2% change in the last 24 hours

Bitcoin ~ $28,339.28 (1.6%)
Ethereum ~ $1,809.43 (3.2%)
Solana ~ $22.60 (0.3%)
Polkadot ~ $6.38 (3.0%)
Flow ~ $1.06 (-4.0%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Anonymous DAO tomi raises $40M for ‘surveillance-free’ internet

The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.

Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative.

The funding round…

https://cryptoinsight.ae/anonymous-dao-tomi-raises-40m-for-surveillance-free-internet/

Website | Twitter | LinkedIn | Telegram

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23.

Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive…

https://cryptoinsight.ae/speculators-flock-to-arbitrum-iou-tokens-ahead-of-this-weeks-arb-airdrop/

Website | Twitter | LinkedIn | Telegram

‘Crypto FUD’ — Industry outraged as White House report slams crypto

The report included 35 pages seemingly aimed at debunking the merits of crypto assets.

Crypto executives have expressed irritation over the latest White House economic report — which notably features an entire chapter dedicated to casting doubts on the merit of digital assets.

The Economic Report of the President, released March 20, marks the first…

https://cryptoinsight.ae/crypto-fud-industry-outraged-as-white-house-report-slams-crypto/

Website | Twitter | LinkedIn | Telegram

Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis.

The value proposition of Bitcoin is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood…

https://cryptoinsight.ae/bitcoins-banking-crisis-surge-will-attract-more-institutions-arks-cathie-wood/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $1.2 Trillion, a -2.1% change in the last 24 hours

Bitcoin ~ $27,846.29 (-1.7%)
Ethereum ~ $1,764.73 (-2.4%)
Solana ~ $21.73 (-3.8%)
Polkadot ~ $6.18 (-3.2%)
Flow ~ $1.00 (-5.7%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed

DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator.

The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and…

https://cryptoinsight.ae/cftcs-tech-committee-gathered-in-dc-to-talk-defi-heres-what-was-discussed/

Website | Twitter | LinkedIn | Telegram

‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

United States Federal Reserve Chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank, despite it being under their watch.

In a…

https://cryptoinsight.ae/how-did-this-happen-powell-says-fed-stumped-over-the-collapse-of-svb/

Website | Twitter | LinkedIn | Telegram

Coinbase could face SEC enforcement action for ‘potential violations of securities law’

The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding” by United States Securities and Exchange Commission officials.

Crypto exchange Coinbase said it has received a Wells notice from the United States Securities and Exchange Commission recommending the regulator take…

https://cryptoinsight.ae/coinbase-could-face-sec-enforcement-action-for-potential-violations-of-securities-law/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $1.23 Trillion, a 3.0% change in the last 24 hours

Bitcoin ~ $28,423.72 (2.3%)
Ethereum ~ $1,821.48 (3.3%)
Solana ~ $22.07 (1.6%)
Polkadot ~ $6.34 (2.5%)
Flow ~ $1.01 (1.1%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram