Do Kwon faces fraud charges from US prosecutors hours after arrest
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.
In a court filing signed by…
https://cryptoinsight.ae/do-kwon-faces-fraud-charges-from-us-prosecutors-hours-after-arrest/
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The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York.
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.
In a court filing signed by…
https://cryptoinsight.ae/do-kwon-faces-fraud-charges-from-us-prosecutors-hours-after-arrest/
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The world could be facing a dark future thanks to CBDCs
From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare.
During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for…
https://cryptoinsight.ae/the-world-could-be-facing-a-dark-future-thanks-to-cbdcs/
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From forcing people to spend their money to making them save it, central banks around the world could soon use CBDCs to create a dystopian nightmare.
During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for…
https://cryptoinsight.ae/the-world-could-be-facing-a-dark-future-thanks-to-cbdcs/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $27,646.17 (-2.6%)
Ethereum ~ $1,757.39 (-3.5%)
Solana ~ $20.74 (-5.9%)
Polkadot ~ $6.05 (-4.4%)
Flow ~ $0.982426 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $27,646.17 (-2.6%)
Ethereum ~ $1,757.39 (-3.5%)
Solana ~ $20.74 (-5.9%)
Polkadot ~ $6.05 (-4.4%)
Flow ~ $0.982426 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K
All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.
On March 23, Bitcoin price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which…
https://cryptoinsight.ae/bitcoin-bulls-remain-bullish-but-macro-and-crypto-specific-hurdles-have-btc-pinned-below-30k/
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All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.
On March 23, Bitcoin price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index, which…
https://cryptoinsight.ae/bitcoin-bulls-remain-bullish-but-macro-and-crypto-specific-hurdles-have-btc-pinned-below-30k/
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Arbitrum airdrop hype grips DeFi world: Finance Redefined
The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.
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.
The much-awaited airdrop of layer-2 scalability…
https://cryptoinsight.ae/arbitrum-airdrop-hype-grips-defi-world-finance-redefined/
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The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.
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.
The much-awaited airdrop of layer-2 scalability…
https://cryptoinsight.ae/arbitrum-airdrop-hype-grips-defi-world-finance-redefined/
Website | Twitter | LinkedIn | Telegram
US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting
Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”
The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…
https://cryptoinsight.ae/us-treasurys-financial-stability-oversight-council-held-unscheduled-closed-meeting/
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Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”
The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…
https://cryptoinsight.ae/us-treasurys-financial-stability-oversight-council-held-unscheduled-closed-meeting/
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White House report takes aim at Bybit — and forgot about Deribit
The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.
The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.
The authors should be commended for doing so. I largely agree with the…
https://cryptoinsight.ae/white-house-report-takes-aim-at-bybit-and-forgot-about-deribit/
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The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.
The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.
The authors should be commended for doing so. I largely agree with the…
https://cryptoinsight.ae/white-house-report-takes-aim-at-bybit-and-forgot-about-deribit/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,718.04 (0.4%)
Ethereum ~ $1,764.93 (0.4%)
Solana ~ $20.90 (0.7%)
Polkadot ~ $6.04 (-0.1%)
Flow ~ $0.967631 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,718.04 (0.4%)
Ethereum ~ $1,764.93 (0.4%)
Solana ~ $20.90 (0.7%)
Polkadot ~ $6.04 (-0.1%)
Flow ~ $0.967631 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
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Businesses should hold two payrolls ‘worth of cash’ in crypto: Tim Draper
American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.”
American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, in response to…
https://cryptoinsight.ae/businesses-should-hold-two-payrolls-worth-of-cash-in-crypto-tim-draper/
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American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.”
American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, in response to…
https://cryptoinsight.ae/businesses-should-hold-two-payrolls-worth-of-cash-in-crypto-tim-draper/
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Euler Finance exploiter returns over 58,000 stolen Ether
ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets.
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data.
In a transaction on March 25,…
https://cryptoinsight.ae/euler-finance-exploiter-returns-over-58000-stolen-ether/
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ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets.
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data.
In a transaction on March 25,…
https://cryptoinsight.ae/euler-finance-exploiter-returns-over-58000-stolen-ether/
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What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing.
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how…
https://cryptoinsight.ae/what-is-fiscal-policy-and-why-does-it-matter/
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Fiscal policy shapes economies through government spending, taxation and borrowing.
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how…
https://cryptoinsight.ae/what-is-fiscal-policy-and-why-does-it-matter/
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Arbitrum Discord hacker shares phishing announcement amid airdrop hype
The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive.
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.
On March 25, blockchain-focused security firm…
https://cryptoinsight.ae/arbitrum-discord-hacker-shares-phishing-announcement-amid-airdrop-hype/
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The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive.
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.
On March 25, blockchain-focused security firm…
https://cryptoinsight.ae/arbitrum-discord-hacker-shares-phishing-announcement-amid-airdrop-hype/
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight
Arbitrum Discord hacker shares phishing announcement amid airdrop hype - Gulf Crypto Insight
The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive. The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized…
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,755.75 (0.2%)
Ethereum ~ $1,752.26 (-0.7%)
Solana ~ $20.50 (-1.8%)
Polkadot ~ $5.96 (-1.5%)
Flow ~ $0.948969 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,755.75 (0.2%)
Ethereum ~ $1,752.26 (-0.7%)
Solana ~ $20.50 (-1.8%)
Polkadot ~ $5.96 (-1.5%)
Flow ~ $0.948969 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin is 1 week away from ‘confirming’ new bull market — analyst
BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.
Bitcoin has a matter of days to go before beginning a new macro uptrend, the latest analysis says.
In his latest tweet, popular trader and analyst Rekt Capital flagged a key monthly close in the making for…
https://cryptoinsight.ae/bitcoin-is-1-week-away-from-confirming-new-bull-market-analyst/
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BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.
Bitcoin has a matter of days to go before beginning a new macro uptrend, the latest analysis says.
In his latest tweet, popular trader and analyst Rekt Capital flagged a key monthly close in the making for…
https://cryptoinsight.ae/bitcoin-is-1-week-away-from-confirming-new-bull-market-analyst/
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Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday
The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).
North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC).
Under a March 26 purchase and assumption agreement, 17 former branches of…
https://cryptoinsight.ae/breaking-first-citizens-snaps-up-silicon-valley-bank-branches-open-monday/
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The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).
North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC).
Under a March 26 purchase and assumption agreement, 17 former branches of…
https://cryptoinsight.ae/breaking-first-citizens-snaps-up-silicon-valley-bank-branches-open-monday/
Website | Twitter | LinkedIn | Telegram
Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network
Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system,…
https://cryptoinsight.ae/coinbase-wants-devs-to-build-inflation-pegged-flatcoins-on-its-new-base-network/
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Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system,…
https://cryptoinsight.ae/coinbase-wants-devs-to-build-inflation-pegged-flatcoins-on-its-new-base-network/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $27,143.40 (-2.4%)
Ethereum ~ $1,736.40 (-1.1%)
Solana ~ $20.05 (-2.5%)
Polkadot ~ $5.92 (-0.9%)
Flow ~ $0.922847 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $27,143.40 (-2.4%)
Ethereum ~ $1,736.40 (-1.1%)
Solana ~ $20.05 (-2.5%)
Polkadot ~ $5.92 (-0.9%)
Flow ~ $0.922847 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
7 details in the CFTC lawsuit against Binance you may have missed
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.
In addition to allegations of market manipulation and…
https://cryptoinsight.ae/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed/
Website | Twitter | LinkedIn | Telegram
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.
In addition to allegations of market manipulation and…
https://cryptoinsight.ae/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed/
Website | Twitter | LinkedIn | Telegram
Voyager’s $1B sale to Binance.US put on hold by US court
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.…
https://cryptoinsight.ae/voyagers-1b-sale-to-binance-us-put-on-hold-by-us-court/
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A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.…
https://cryptoinsight.ae/voyagers-1b-sale-to-binance-us-put-on-hold-by-us-court/
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Biden’s policy on crypto taxation undermines his environmental goals
We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
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We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
Website | Twitter | LinkedIn | Telegram