Researchers find cryptocurrency ‘signatures of maturity’ similar to equities market
Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities.
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market.
Dubbed “Collective dynamics, diversification and optimal…
https://cryptoinsight.ae/researchers-find-cryptocurrency-signatures-of-maturity-similar-to-equities-market/
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Scientists at the University of Melbourne and Tsinghua University published pre-print research comparing the cryptocurrency market to traditional equities.
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market.
Dubbed “Collective dynamics, diversification and optimal…
https://cryptoinsight.ae/researchers-find-cryptocurrency-signatures-of-maturity-similar-to-equities-market/
Website | Twitter | LinkedIn | Telegram
Blockchains like Solana brag about ‘speed’ — but it’s misleading
Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security.
The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to…
https://cryptoinsight.ae/blockchains-like-solana-brag-about-speed-but-its-misleading/
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Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security.
The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to…
https://cryptoinsight.ae/blockchains-like-solana-brag-about-speed-but-its-misleading/
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Former Ethereum miner CoreWeave raises $221M in Series B
The company ceased its Ether mining operations long before the Merge Upgrade was completed.
On April 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.
The raise was led by Magnetar…
https://cryptoinsight.ae/former-ethereum-miner-coreweave-raises-221m-in-series-b/
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The company ceased its Ether mining operations long before the Merge Upgrade was completed.
On April 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.
The raise was led by Magnetar…
https://cryptoinsight.ae/former-ethereum-miner-coreweave-raises-221m-in-series-b/
Website | Twitter | LinkedIn | Telegram
‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism
Some pundits shared harsh sentiment toward a new euro-pegged stablecoin, but it’s not publicly accessible for the time being.
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.
French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20,…
https://cryptoinsight.ae/worst-code-ive-ever-seen-euro-stablecoin-faces-centralization-criticism/
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Some pundits shared harsh sentiment toward a new euro-pegged stablecoin, but it’s not publicly accessible for the time being.
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.
French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20,…
https://cryptoinsight.ae/worst-code-ive-ever-seen-euro-stablecoin-faces-centralization-criticism/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $27,374.48 (-3.0%)
Ethereum ~ $1,858.83 (-3.8%)
Solana ~ $21.42 (-3.2%)
Polkadot ~ $6.10 (-3.7%)
Flow ~ $0.911073 (-3.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $27,374.48 (-3.0%)
Ethereum ~ $1,858.83 (-3.8%)
Solana ~ $21.42 (-3.2%)
Polkadot ~ $6.10 (-3.7%)
Flow ~ $0.911073 (-3.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Innovate some compliance mechanisms, US Treasury official tells DeFi community
Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance.
The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience…
https://cryptoinsight.ae/innovate-some-compliance-mechanisms-us-treasury-official-tells-defi-community/
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Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and that DeFi should program in some compliance.
The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience…
https://cryptoinsight.ae/innovate-some-compliance-mechanisms-us-treasury-official-tells-defi-community/
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Ethereum is going to transform investing
Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools.
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two…
https://cryptoinsight.ae/ethereum-is-going-to-transform-investing/
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Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools.
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two…
https://cryptoinsight.ae/ethereum-is-going-to-transform-investing/
Website | Twitter | LinkedIn | Telegram
VC funding into Web3 start-ups down 82% year-over-year: Crunchbase
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.”
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.
Crunchbase News…
https://cryptoinsight.ae/vc-funding-into-web3-start-ups-down-82-year-over-year-crunchbase/
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Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.”
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.
Crunchbase News…
https://cryptoinsight.ae/vc-funding-into-web3-start-ups-down-82-year-over-year-crunchbase/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $27,626.95 (1.1%)
Ethereum ~ $1,868.51 (0.7%)
Solana ~ $21.99 (2.9%)
Polkadot ~ $5.95 (0.7%)
Flow ~ $0.919618 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $27,626.95 (1.1%)
Ethereum ~ $1,868.51 (0.7%)
Solana ~ $21.99 (2.9%)
Polkadot ~ $5.95 (0.7%)
Flow ~ $0.919618 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Unlocking agriculture’s full potential with blockchain and innovative tech
Blockchain is reshaping the agricultural industry by increasing transparency, traceability and efficiency in supply chain management and compliance.
Blockchain has been recognized for its potential to transform finance and other industries that rely on data, but what happens when innovation meets the world’s oldest industry — agriculture? It turns out that blockchain has a lot…
https://cryptoinsight.ae/unlocking-agricultures-full-potential-with-blockchain-and-innovative-tech/
Website | Twitter | LinkedIn | Telegram
Blockchain is reshaping the agricultural industry by increasing transparency, traceability and efficiency in supply chain management and compliance.
Blockchain has been recognized for its potential to transform finance and other industries that rely on data, but what happens when innovation meets the world’s oldest industry — agriculture? It turns out that blockchain has a lot…
https://cryptoinsight.ae/unlocking-agricultures-full-potential-with-blockchain-and-innovative-tech/
Website | Twitter | LinkedIn | Telegram
How is artificial intelligence revolutionizing financial services?
What is the role of artificial intelligence in the financial services industry?
AI is proving to be a powerful tool for financial institutions looking to improve their operations, manage risks, and optimize their portfolios more effectively.
Artificial intelligence (AI) is playing an increasingly vital role in the financial services industry. Predictive analytics, which can assist…
https://cryptoinsight.ae/how-is-artificial-intelligence-revolutionizing-financial-services/
Website | Twitter | LinkedIn | Telegram
What is the role of artificial intelligence in the financial services industry?
AI is proving to be a powerful tool for financial institutions looking to improve their operations, manage risks, and optimize their portfolios more effectively.
Artificial intelligence (AI) is playing an increasingly vital role in the financial services industry. Predictive analytics, which can assist…
https://cryptoinsight.ae/how-is-artificial-intelligence-revolutionizing-financial-services/
Website | Twitter | LinkedIn | Telegram
Gemini to launch derivatives platform outside the United States
The platform’s first derivatives contract will be a BTC perpetual contract denominated in Gemini Dollar, followed by an ETH/GUSD perpetual contract.
United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the United States. The move comes amid a tightening, uncertain regulatory environment for crypto firms in the…
https://cryptoinsight.ae/gemini-to-launch-derivatives-platform-outside-the-united-states/
Website | Twitter | LinkedIn | Telegram
The platform’s first derivatives contract will be a BTC perpetual contract denominated in Gemini Dollar, followed by an ETH/GUSD perpetual contract.
United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the United States. The move comes amid a tightening, uncertain regulatory environment for crypto firms in the…
https://cryptoinsight.ae/gemini-to-launch-derivatives-platform-outside-the-united-states/
Website | Twitter | LinkedIn | Telegram
Trust Wallet to reimburse users after $170,000 security incident
A vulnerability impacted wallet addresses created through the browser extension between Nov. 14 and 23, resulting in nearly $170,000 in losses.
Crypto wallet Trust Wallet has disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users. The vulnerability has been patched, according to the company.
Trust Wallet found out about the…
https://cryptoinsight.ae/trust-wallet-to-reimburse-users-after-170000-security-incident/
Website | Twitter | LinkedIn | Telegram
A vulnerability impacted wallet addresses created through the browser extension between Nov. 14 and 23, resulting in nearly $170,000 in losses.
Crypto wallet Trust Wallet has disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users. The vulnerability has been patched, according to the company.
Trust Wallet found out about the…
https://cryptoinsight.ae/trust-wallet-to-reimburse-users-after-170000-security-incident/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $27,688.52 (0.2%)
Ethereum ~ $1,859.02 (-0.5%)
Solana ~ $21.58 (-1.8%)
Polkadot ~ $5.97 (0.5%)
Flow ~ $0.943730 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $27,688.52 (0.2%)
Ethereum ~ $1,859.02 (-0.5%)
Solana ~ $21.58 (-1.8%)
Polkadot ~ $5.97 (0.5%)
Flow ~ $0.943730 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bank of Korea given right to investigate local crypto firms: Report
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.
The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further discussions on virtual asset legislation in the country.
On April 20,…
https://cryptoinsight.ae/bank-of-korea-given-right-to-investigate-local-crypto-firms-report/
Website | Twitter | LinkedIn | Telegram
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.
The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further discussions on virtual asset legislation in the country.
On April 20,…
https://cryptoinsight.ae/bank-of-korea-given-right-to-investigate-local-crypto-firms-report/
Website | Twitter | LinkedIn | Telegram
Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini…
https://cryptoinsight.ae/celsius-auction-has-gemini-and-coinbase-as-new-bidders-report/
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Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini…
https://cryptoinsight.ae/celsius-auction-has-gemini-and-coinbase-as-new-bidders-report/
Website | Twitter | LinkedIn | Telegram
Bitcoin Cash (BCH) is now home to an innovative leverage trading app
Bitcoin Cash offers several advantages for DeFi applications thanks to its UTXO model, potentially offering better scalability and security.
Decentralized finance (DeFi) is one of the largest sectors in crypto. The applications within the DeFi space consist of decentralized trading, borrowing and lending, and many more financial services. However, even with its rising popularity, the…
https://cryptoinsight.ae/bitcoin-cash-bch-is-now-home-to-an-innovative-leverage-trading-app/
Website | Twitter | LinkedIn | Telegram
Bitcoin Cash offers several advantages for DeFi applications thanks to its UTXO model, potentially offering better scalability and security.
Decentralized finance (DeFi) is one of the largest sectors in crypto. The applications within the DeFi space consist of decentralized trading, borrowing and lending, and many more financial services. However, even with its rising popularity, the…
https://cryptoinsight.ae/bitcoin-cash-bch-is-now-home-to-an-innovative-leverage-trading-app/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $27,418.96 (-0.9%)
Ethereum ~ $1,830.01 (-1.5%)
Solana ~ $21.07 (-2.3%)
Polkadot ~ $5.88 (-1.5%)
Flow ~ $0.886239 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $27,418.96 (-0.9%)
Ethereum ~ $1,830.01 (-1.5%)
Solana ~ $21.07 (-2.3%)
Polkadot ~ $5.88 (-1.5%)
Flow ~ $0.886239 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors, which may have attracted the SEC’s attention.
Regulators in the United States have choked out the cryptocurrency sector to the point of death, according to Bitcoin bull and billionaire tech investor Chamath Palihapitiya.
“Crypto is dead in America,” he boldly claimed…
https://cryptoinsight.ae/crypto-is-dead-in-america-tech-billionaire-chamath-palihapitiya/
Website | Twitter | LinkedIn | Telegram
Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors, which may have attracted the SEC’s attention.
Regulators in the United States have choked out the cryptocurrency sector to the point of death, according to Bitcoin bull and billionaire tech investor Chamath Palihapitiya.
“Crypto is dead in America,” he boldly claimed…
https://cryptoinsight.ae/crypto-is-dead-in-america-tech-billionaire-chamath-palihapitiya/
Website | Twitter | LinkedIn | Telegram
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.
Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital…
https://cryptoinsight.ae/draft-bill-suggests-separating-legislation-on-payment-stablecoins-and-digital-asset-markets/
Website | Twitter | LinkedIn | Telegram
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.
Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital…
https://cryptoinsight.ae/draft-bill-suggests-separating-legislation-on-payment-stablecoins-and-digital-asset-markets/
Website | Twitter | LinkedIn | Telegram