Hello there!
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $29,996.44 (6.1%)
Ethereum ~ $1,917.12 (3.1%)
Solana ~ $22.19 (9.5%)
Polkadot ~ $6.35 (2.8%)
Flow ~ $1.00 (2.5%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $29,996.44 (6.1%)
Ethereum ~ $1,917.12 (3.1%)
Solana ~ $22.19 (9.5%)
Polkadot ~ $6.35 (2.8%)
Flow ~ $1.00 (2.5%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin hits $30K to mark highest price since June 2022
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023.
Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023.
According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and…
https://cryptoinsight.ae/bitcoin-hits-30k-to-mark-highest-price-since-june-2022/
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Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023.
Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023.
According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and…
https://cryptoinsight.ae/bitcoin-hits-30k-to-mark-highest-price-since-june-2022/
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New tax rules could mean a US exodus for crypto companies
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…
https://cryptoinsight.ae/new-tax-rules-could-mean-a-us-exodus-for-crypto-companies/
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A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took…
https://cryptoinsight.ae/new-tax-rules-could-mean-a-us-exodus-for-crypto-companies/
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MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH.
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio…
https://cryptoinsight.ae/metamask-launches-new-fiat-purchase-function-for-cryptocurrency/
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The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers and instant ACH.
Cryptocurrency wallet and decentralized application (DApp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio…
https://cryptoinsight.ae/metamask-launches-new-fiat-purchase-function-for-cryptocurrency/
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Utility and long-term profits top reasons for NFT purchases: CoinGecko study
People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits.
Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab.
An April 10 CoinGecko report…
https://cryptoinsight.ae/utility-and-long-term-profits-top-reasons-for-nft-purchases-coingecko-study/
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People purchase NFTs for various reasons, but according to a new survey from CoinGecko, the majority buy them for utility and long-term profits.
Utility and long-term profits have been ranked as the top reasons for buying nonfungible tokens (NFTs), according to a survey conducted by CoinGecko and Blockchain Research Lab.
An April 10 CoinGecko report…
https://cryptoinsight.ae/utility-and-long-term-profits-top-reasons-for-nft-purchases-coingecko-study/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $29,937.42 (-0.2%)
Ethereum ~ $1,866.59 (-2.7%)
Solana ~ $22.83 (2.7%)
Polkadot ~ $6.27 (-1.9%)
Flow ~ $0.969092 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $29,937.42 (-0.2%)
Ethereum ~ $1,866.59 (-2.7%)
Solana ~ $22.83 (2.7%)
Polkadot ~ $6.27 (-1.9%)
Flow ~ $0.969092 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin continues to shine with 98% of inflows into crypto investment products
According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products.
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week,…
https://cryptoinsight.ae/bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products/
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According to CoinShares, Bitcoin saw $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products.
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment, with inflows totaling $57 million last week,…
https://cryptoinsight.ae/bitcoin-continues-to-shine-with-98-of-inflows-into-crypto-investment-products/
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US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed.
United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…
https://cryptoinsight.ae/us-needs-to-regulate-stablecoins-to-keep-a-strong-dollar-stellar-ceo/
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The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation’s chief has claimed.
United States financial regulators are tightening their grip on the crypto industry and the U.S. dollar has also been under pressure with countries distancing themselves from dollar hegemony, but the chief of…
https://cryptoinsight.ae/us-needs-to-regulate-stablecoins-to-keep-a-strong-dollar-stellar-ceo/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,110.76 (0.6%)
Ethereum ~ $1,920.32 (2.9%)
Solana ~ $24.00 (5.1%)
Polkadot ~ $6.43 (2.6%)
Flow ~ $0.985849 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.28 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,110.76 (0.6%)
Ethereum ~ $1,920.32 (2.9%)
Solana ~ $24.00 (5.1%)
Polkadot ~ $6.43 (2.6%)
Flow ~ $0.985849 (1.7%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum’s Shapella hard fork executed on mainnet
After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet.
The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.
The long-awaited upgrade took effect at 10:27 pm UTC on…
https://cryptoinsight.ae/ethereums-shapella-hard-fork-executed-on-mainnet/
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After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet.
The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.
The long-awaited upgrade took effect at 10:27 pm UTC on…
https://cryptoinsight.ae/ethereums-shapella-hard-fork-executed-on-mainnet/
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LayerZero’s multichain ecosystem grows as airdrop hunters ramp up their efforts
Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop.
LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can…
https://cryptoinsight.ae/layerzeros-multichain-ecosystem-grows-as-airdrop-hunters-ramp-up-their-efforts/
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Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop.
LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can…
https://cryptoinsight.ae/layerzeros-multichain-ecosystem-grows-as-airdrop-hunters-ramp-up-their-efforts/
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Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode
The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position.
An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.…
https://cryptoinsight.ae/less-than-1-of-staked-eth-estimated-to-sell-after-shanghai-upgrade-glassnode/
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The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position.
An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.…
https://cryptoinsight.ae/less-than-1-of-staked-eth-estimated-to-sell-after-shanghai-upgrade-glassnode/
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Hong Kong virtual bank to offer crypto conversions and accounts: Report
The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.
ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
According to an April 12 Bloomberg report, the…
https://cryptoinsight.ae/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report/
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The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.
ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
According to an April 12 Bloomberg report, the…
https://cryptoinsight.ae/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.34 Trillion, a 4.5% change in the last 24 hours
Bitcoin ~ $30,821.02 (2.3%)
Ethereum ~ $2,119.45 (10.4%)
Solana ~ $25.30 (5.3%)
Polkadot ~ $6.80 (5.8%)
Flow ~ $1.05 (6.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.34 Trillion, a 4.5% change in the last 24 hours
Bitcoin ~ $30,821.02 (2.3%)
Ethereum ~ $2,119.45 (10.4%)
Solana ~ $25.30 (5.3%)
Polkadot ~ $6.80 (5.8%)
Flow ~ $1.05 (6.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin’s dominance knocked by ETH’s post-Shapella rally
In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%.
Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance.
According to data from the analysis site btctools.io Ether’s…
https://cryptoinsight.ae/bitcoins-dominance-knocked-by-eths-post-shapella-rally/
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In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%.
Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance.
According to data from the analysis site btctools.io Ether’s…
https://cryptoinsight.ae/bitcoins-dominance-knocked-by-eths-post-shapella-rally/
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Ethereum researcher says staking reveals IP address sparking privacy concerns
A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information.
A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.…
https://cryptoinsight.ae/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns/
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A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information.
A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns.…
https://cryptoinsight.ae/ethereum-researcher-says-staking-reveals-ip-address-sparking-privacy-concerns/
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DAOs can become a disaster more quickly than you think
Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning.
As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away…
https://cryptoinsight.ae/daos-can-become-a-disaster-more-quickly-than-you-think/
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Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning.
As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away…
https://cryptoinsight.ae/daos-can-become-a-disaster-more-quickly-than-you-think/
Website | Twitter | LinkedIn | Telegram
IMF to publish CBDC handbook in response to increasing demand for guidance
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.
With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…
https://cryptoinsight.ae/imf-to-publish-cbdc-handbook-in-response-to-increasing-demand-for-guidance/
Website | Twitter | LinkedIn | Telegram
The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries.
With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…
https://cryptoinsight.ae/imf-to-publish-cbdc-handbook-in-response-to-increasing-demand-for-guidance/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $30,452.43 (-1.4%)
Ethereum ~ $2,090.03 (10.4%)
Solana ~ $24.21 (-4.3%)
Polkadot ~ $6.68 (-2.0%)
Flow ~ $1.04 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.32 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $30,452.43 (-1.4%)
Ethereum ~ $2,090.03 (10.4%)
Solana ~ $24.21 (-4.3%)
Polkadot ~ $6.68 (-2.0%)
Flow ~ $1.04 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Moving beyond the blockchain trilemma: L1 vs. L2
To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together.
As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin. While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.
However, as…
https://cryptoinsight.ae/moving-beyond-the-blockchain-trilemma-l1-vs-l2/
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To effectively address the scalability challenge, it is crucial that both L1 and L2 solutions work together.
As of February 2023, over 44.15 million unique addresses have a non-zero balance of Bitcoin. While this may seem impressive, let’s face it — blockchain technology has come a long way since Bitcoin’s inception in 2009.
However, as…
https://cryptoinsight.ae/moving-beyond-the-blockchain-trilemma-l1-vs-l2/
Website | Twitter | LinkedIn | Telegram