Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $26,969.87 (-0.3%)
Ethereum ~ $1,818.77 (0.5%)
Solana ~ $20.68 (-0.7%)
Polkadot ~ $5.32 (0.9%)
Flow ~ $0.778087 (2.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $26,969.87 (-0.3%)
Ethereum ~ $1,818.77 (0.5%)
Solana ~ $20.68 (-0.7%)
Polkadot ~ $5.32 (0.9%)
Flow ~ $0.778087 (2.6%)
Follow and subscribe - @GulfCryptoInsight
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Senators slam bank execs for blaming collapses on crypto, pocketing millions
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.
A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options.
During a…
https://cryptoinsight.ae/senators-slam-bank-execs-for-blaming-collapses-on-crypto-pocketing-millions/
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Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse.
A former Signature Bank executive has been slammed for seemingly trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options.
During a…
https://cryptoinsight.ae/senators-slam-bank-execs-for-blaming-collapses-on-crypto-pocketing-millions/
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Airdrops are great, but be aware of the risks
Airdrops can be a great way to engage communities, but they also come with risks — from Sybil attacks to potential regulatory liability.
Airdrops have emerged as a powerful tool for token distribution, user acquisition and community building as the blockchain industry has grown. They provide a unique opportunity for projects to distinguish themselves, incentivize…
https://cryptoinsight.ae/airdrops-are-great-but-be-aware-of-the-risks/
Website | Twitter | LinkedIn | Telegram
Airdrops can be a great way to engage communities, but they also come with risks — from Sybil attacks to potential regulatory liability.
Airdrops have emerged as a powerful tool for token distribution, user acquisition and community building as the blockchain industry has grown. They provide a unique opportunity for projects to distinguish themselves, incentivize…
https://cryptoinsight.ae/airdrops-are-great-but-be-aware-of-the-risks/
Website | Twitter | LinkedIn | Telegram
How blockchain is revolutionizing the gaming industry?
What is GameFi, and how does it work?
GameFi is a term used to describe “game finance,” as it integrates traditional gaming and decentralized finance (DeFi) using blockchain technology.
GameFi employs blockchain technology to create decentralized gaming marketplaces offering players different economic incentives and financial opportunities through play-to-earn blockchain games. Players can earn cryptocurrency by…
https://cryptoinsight.ae/how-blockchain-is-revolutionizing-the-gaming-industry/
Website | Twitter | LinkedIn | Telegram
What is GameFi, and how does it work?
GameFi is a term used to describe “game finance,” as it integrates traditional gaming and decentralized finance (DeFi) using blockchain technology.
GameFi employs blockchain technology to create decentralized gaming marketplaces offering players different economic incentives and financial opportunities through play-to-earn blockchain games. Players can earn cryptocurrency by…
https://cryptoinsight.ae/how-blockchain-is-revolutionizing-the-gaming-industry/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,199.87 (0.9%)
Ethereum ~ $1,817.97 (-0.1%)
Solana ~ $20.82 (0.7%)
Polkadot ~ $5.42 (1.8%)
Flow ~ $0.786942 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,199.87 (0.9%)
Ethereum ~ $1,817.97 (-0.1%)
Solana ~ $20.82 (0.7%)
Polkadot ~ $5.42 (1.8%)
Flow ~ $0.786942 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
LayerZero partners with Immunefi to launch $15M bug bounty
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program.
The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity…
https://cryptoinsight.ae/layerzero-partners-with-immunefi-to-launch-15m-bug-bounty/
Website | Twitter | LinkedIn | Telegram
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program.
The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity…
https://cryptoinsight.ae/layerzero-partners-with-immunefi-to-launch-15m-bug-bounty/
Website | Twitter | LinkedIn | Telegram
Uniswap will deploy on Polkadot parachain Moonbeam
The decentralized exchange gets a Polkadot version via the Moonbeam network.
The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near-unanimous support, with only…
https://cryptoinsight.ae/uniswap-will-deploy-on-polkadot-parachain-moonbeam/
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The decentralized exchange gets a Polkadot version via the Moonbeam network.
The Uniswap crypto exchange will soon be available on Moonbeam, a parachain of Polkadot, according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near-unanimous support, with only…
https://cryptoinsight.ae/uniswap-will-deploy-on-polkadot-parachain-moonbeam/
Website | Twitter | LinkedIn | Telegram
There’s a growing case for allowing crypto firms to bypass banks
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.
Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in…
https://cryptoinsight.ae/theres-a-growing-case-for-allowing-crypto-firms-to-bypass-banks/
Website | Twitter | LinkedIn | Telegram
Making the European Central Bank accessible to payment companies other than traditional banks would allow users to redeem their stablecoins directly for cash.
Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in…
https://cryptoinsight.ae/theres-a-growing-case-for-allowing-crypto-firms-to-bypass-banks/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $26,889.70 (-1.0%)
Ethereum ~ $1,807.77 (-0.5%)
Solana ~ $20.43 (-1.8%)
Polkadot ~ $5.37 (-0.8%)
Flow ~ $0.778083 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $26,889.70 (-1.0%)
Ethereum ~ $1,807.77 (-0.5%)
Solana ~ $20.43 (-1.8%)
Polkadot ~ $5.37 (-0.8%)
Flow ~ $0.778083 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023
Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols.
Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin.
Stanford University professor David Tsè spoke…
https://cryptoinsight.ae/bitcoin-and-proof-of-stake-have-natural-synergy-bitcoin-builders-2023/
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Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols.
Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin.
Stanford University professor David Tsè spoke…
https://cryptoinsight.ae/bitcoin-and-proof-of-stake-have-natural-synergy-bitcoin-builders-2023/
Website | Twitter | LinkedIn | Telegram
Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million
1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back.
Bitcoin has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.”
Data from on-chain analytics firm Glassnode confirms that as of May…
https://cryptoinsight.ae/hyperbitcoinization-coming-says-bitcoin-og-as-wholecoiners-hit-1-million/
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1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back.
Bitcoin has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.”
Data from on-chain analytics firm Glassnode confirms that as of May…
https://cryptoinsight.ae/hyperbitcoinization-coming-says-bitcoin-og-as-wholecoiners-hit-1-million/
Website | Twitter | LinkedIn | Telegram
Bitcoin, gold and the debt ceiling — Does something have to give?
Traders are still tiptoeing around markets, as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout.
Bitcoin has been trying to break above the $27,500 resistance for the past week but to no avail. One of the reasons limiting Bitcoin’s upside is the risk…
https://cryptoinsight.ae/bitcoin-gold-and-the-debt-ceiling-does-something-have-to-give/
Website | Twitter | LinkedIn | Telegram
Traders are still tiptoeing around markets, as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout.
Bitcoin has been trying to break above the $27,500 resistance for the past week but to no avail. One of the reasons limiting Bitcoin’s upside is the risk…
https://cryptoinsight.ae/bitcoin-gold-and-the-debt-ceiling-does-something-have-to-give/
Website | Twitter | LinkedIn | Telegram
Coinbase launches zero trading fee subscription service
Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future.
Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18…
https://cryptoinsight.ae/coinbase-launches-zero-trading-fee-subscription-service/
Website | Twitter | LinkedIn | Telegram
Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future.
Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18…
https://cryptoinsight.ae/coinbase-launches-zero-trading-fee-subscription-service/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $26,875.65 (-0.2%)
Ethereum ~ $1,809.47 (0.1%)
Solana ~ $20.19 (-1.1%)
Polkadot ~ $5.35 (-0.4%)
Flow ~ $0.772419 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.17 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $26,875.65 (-0.2%)
Ethereum ~ $1,809.47 (0.1%)
Solana ~ $20.19 (-1.1%)
Polkadot ~ $5.35 (-0.4%)
Flow ~ $0.772419 (-0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The United States Department of Justice (DOJ) is…
https://cryptoinsight.ae/us-justice-department-on-the-hunt-for-defi-hackers-and-thieves-finance-redefined/
Website | Twitter | LinkedIn | Telegram
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The United States Department of Justice (DOJ) is…
https://cryptoinsight.ae/us-justice-department-on-the-hunt-for-defi-hackers-and-thieves-finance-redefined/
Website | Twitter | LinkedIn | Telegram
From barrier to breakthrough: Solving UX can catalyze mass adoption of crypto
From complexity to simplicity, or how UX can help drive crypto mass adoption through intuitive interfaces.
Let’s be honest — it is hard to envision the mass adoption of crypto. As exciting as it is to imagine a world where crypto banking is as common as discussing the weather, or where classrooms are abuzz with…
https://cryptoinsight.ae/from-barrier-to-breakthrough-solving-ux-can-catalyze-mass-adoption-of-crypto/
Website | Twitter | LinkedIn | Telegram
From complexity to simplicity, or how UX can help drive crypto mass adoption through intuitive interfaces.
Let’s be honest — it is hard to envision the mass adoption of crypto. As exciting as it is to imagine a world where crypto banking is as common as discussing the weather, or where classrooms are abuzz with…
https://cryptoinsight.ae/from-barrier-to-breakthrough-solving-ux-can-catalyze-mass-adoption-of-crypto/
Website | Twitter | LinkedIn | Telegram
Ethereum users are increasingly demanding self-custody: Casa CTO
Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method.
The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found…
https://cryptoinsight.ae/ethereum-users-are-increasingly-demanding-self-custody-casa-cto/
Website | Twitter | LinkedIn | Telegram
Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method.
The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found…
https://cryptoinsight.ae/ethereum-users-are-increasingly-demanding-self-custody-casa-cto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $27,103.09 (0.8%)
Ethereum ~ $1,814.88 (0.3%)
Solana ~ $20.25 (0.3%)
Polkadot ~ $5.39 (0.7%)
Flow ~ $0.771648 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $27,103.09 (0.8%)
Ethereum ~ $1,814.88 (0.3%)
Solana ~ $20.25 (0.3%)
Polkadot ~ $5.39 (0.7%)
Flow ~ $0.771648 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Who invented NFTs?: A brief history of nonfungible tokens
A brief history of NFTs: From inception to global recognition
What started with Bitcoin-based colored coins in 2012–2013 became a phenomenon in 2021 and is still thriving. The Ethereum blockchain had a pivotal role in popularizing NFTs.
Though 2021 turned out to be the year of Nonfungible tokens (NFTs), it wasn’t the year when the…
https://cryptoinsight.ae/who-invented-nfts-a-brief-history-of-nonfungible-tokens/
Website | Twitter | LinkedIn | Telegram
A brief history of NFTs: From inception to global recognition
What started with Bitcoin-based colored coins in 2012–2013 became a phenomenon in 2021 and is still thriving. The Ethereum blockchain had a pivotal role in popularizing NFTs.
Though 2021 turned out to be the year of Nonfungible tokens (NFTs), it wasn’t the year when the…
https://cryptoinsight.ae/who-invented-nfts-a-brief-history-of-nonfungible-tokens/
Website | Twitter | LinkedIn | Telegram
Attacker hijacks Tornado Cash governance via malicious proposal
The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.
Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an attacker managed to gain full control of the governance through a malicious…
https://cryptoinsight.ae/attacker-hijacks-tornado-cash-governance-via-malicious-proposal/
Website | Twitter | LinkedIn | Telegram
The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.
Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an attacker managed to gain full control of the governance through a malicious…
https://cryptoinsight.ae/attacker-hijacks-tornado-cash-governance-via-malicious-proposal/
Website | Twitter | LinkedIn | Telegram