The future of DeFi is ReFi
The key to unlocking this transformation and propelling the industry forward lies in embracing the regenerative economy.
The TradFi mindset is holding crypto back
The constantly evolving ecosystem of decentralized finance (DeFi) has emerged as a groundbreaking and experimental alternative to traditional finance (TradFi), demonstrating immense potential while simultaneously facing a myriad of challenges.
Paradoxically,…
https://cryptoinsight.ae/the-future-of-defi-is-refi/
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The key to unlocking this transformation and propelling the industry forward lies in embracing the regenerative economy.
The TradFi mindset is holding crypto back
The constantly evolving ecosystem of decentralized finance (DeFi) has emerged as a groundbreaking and experimental alternative to traditional finance (TradFi), demonstrating immense potential while simultaneously facing a myriad of challenges.
Paradoxically,…
https://cryptoinsight.ae/the-future-of-defi-is-refi/
Website | Twitter | LinkedIn | Telegram
LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption
Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem.
Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero.
Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi…
https://cryptoinsight.ae/lsd-for-defi-tenet-layerzero-partner-to-drive-cross-chain-liquid-staking-adoption/
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Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem.
Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero.
Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi…
https://cryptoinsight.ae/lsd-for-defi-tenet-layerzero-partner-to-drive-cross-chain-liquid-staking-adoption/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $26,867.63 (-0.8%)
Ethereum ~ $1,855.12 (-0.4%)
Solana ~ $20.66 (0.1%)
Polkadot ~ $5.23 (-1.8%)
Flow ~ $0.722651 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $26,867.63 (-0.8%)
Ethereum ~ $1,855.12 (-0.4%)
Solana ~ $20.66 (0.1%)
Polkadot ~ $5.23 (-1.8%)
Flow ~ $0.722651 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
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Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license
The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S.
The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab…
https://cryptoinsight.ae/winklevoss-twins-crypto-exchange-gemini-to-seek-uae-crypto-license/
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The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S.
The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab…
https://cryptoinsight.ae/winklevoss-twins-crypto-exchange-gemini-to-seek-uae-crypto-license/
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Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTs
Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible.
The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece…
https://cryptoinsight.ae/stop-shoving-crypto-down-peoples-throats-pudgy-penguins-ceo-on-nfts/
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Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible.
The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece…
https://cryptoinsight.ae/stop-shoving-crypto-down-peoples-throats-pudgy-penguins-ceo-on-nfts/
Website | Twitter | LinkedIn | Telegram
Bridging virtual and real economies with blockchain gaming — Interview with Gold Fever
Exploring the integration of real-world economics within the virtual realms of blockchain gaming through commercial NFTs.
The world is on the precipice of an exciting new era in gaming, which will see the incorporation of blockchain technology as a revolution in the space. With enhanced player ownership and the possibility of real-world economics within virtual…
https://cryptoinsight.ae/bridging-virtual-and-real-economies-with-blockchain-gaming-interview-with-gold-fever/
Website | Twitter | LinkedIn | Telegram
Exploring the integration of real-world economics within the virtual realms of blockchain gaming through commercial NFTs.
The world is on the precipice of an exciting new era in gaming, which will see the incorporation of blockchain technology as a revolution in the space. With enhanced player ownership and the possibility of real-world economics within virtual…
https://cryptoinsight.ae/bridging-virtual-and-real-economies-with-blockchain-gaming-interview-with-gold-fever/
Website | Twitter | LinkedIn | Telegram
Bitcoin fragments could become more valuable than full Bitcoins
Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.
Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially.
To provide some context, the Ordinals Protocol allows for…
https://cryptoinsight.ae/bitcoin-fragments-could-become-more-valuable-than-full-bitcoins/
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Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.
Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially.
To provide some context, the Ordinals Protocol allows for…
https://cryptoinsight.ae/bitcoin-fragments-could-become-more-valuable-than-full-bitcoins/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $27,130.0 (1.0%)
Ethereum ~ $1,890.46 (2.0%)
Solana ~ $21.05 (1.9%)
Polkadot ~ $5.28 (1.0%)
Flow ~ $0.733452 (1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $27,130.0 (1.0%)
Ethereum ~ $1,890.46 (2.0%)
Solana ~ $21.05 (1.9%)
Polkadot ~ $5.28 (1.0%)
Flow ~ $0.733452 (1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Scientists propose quantum proof-of-work consensus for blockchain
Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain.
A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain…
https://cryptoinsight.ae/scientists-propose-quantum-proof-of-work-consensus-for-blockchain/
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Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain.
A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain…
https://cryptoinsight.ae/scientists-propose-quantum-proof-of-work-consensus-for-blockchain/
Website | Twitter | LinkedIn | Telegram
Does the US have a crypto ‘tax loophole’ problem?
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt ceiling bill. Another narrow escape?
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous…
https://cryptoinsight.ae/does-the-us-have-a-crypto-tax-loophole-problem/
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The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt ceiling bill. Another narrow escape?
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous…
https://cryptoinsight.ae/does-the-us-have-a-crypto-tax-loophole-problem/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,181.81 (0.2%)
Ethereum ~ $1,903.68 (0.7%)
Solana ~ $21.13 (0.4%)
Polkadot ~ $5.26 (-0.3%)
Flow ~ $0.732904 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,181.81 (0.2%)
Ethereum ~ $1,903.68 (0.7%)
Solana ~ $21.13 (0.4%)
Polkadot ~ $5.26 (-0.3%)
Flow ~ $0.732904 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
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Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.
How things panned…
https://cryptoinsight.ae/stablecoins-are-a-critical-countermeasure-to-operation-chokepoint/
Website | Twitter | LinkedIn | Telegram
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.
How things panned…
https://cryptoinsight.ae/stablecoins-are-a-critical-countermeasure-to-operation-chokepoint/
Website | Twitter | LinkedIn | Telegram
Arbitrum price soars after DeFi whale address resumes ARB accumulation
ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?
On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.
Why is the ARB price up today?
The price of…
https://cryptoinsight.ae/arbitrum-price-soars-after-defi-whale-address-resumes-arb-accumulation/
Website | Twitter | LinkedIn | Telegram
ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?
On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.
Why is the ARB price up today?
The price of…
https://cryptoinsight.ae/arbitrum-price-soars-after-defi-whale-address-resumes-arb-accumulation/
Website | Twitter | LinkedIn | Telegram
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled…
https://cryptoinsight.ae/us-lawmakers-aim-for-crypto-regulatory-clarity-with-proposed-bill-putting-the-screws-to-sec/
Website | Twitter | LinkedIn | Telegram
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled…
https://cryptoinsight.ae/us-lawmakers-aim-for-crypto-regulatory-clarity-with-proposed-bill-putting-the-screws-to-sec/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a -0.1% change in the last 24 hours
Bitcoin ~ $27,062.96 (-0.5%)
Ethereum ~ $1,892.79 (-0.6%)
Solana ~ $21.33 (1.0%)
Polkadot ~ $5.33 (1.2%)
Flow ~ $0.725159 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.19 Trillion, a -0.1% change in the last 24 hours
Bitcoin ~ $27,062.96 (-0.5%)
Ethereum ~ $1,892.79 (-0.6%)
Solana ~ $21.33 (1.0%)
Polkadot ~ $5.33 (1.2%)
Flow ~ $0.725159 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Atomic Wallet exploited, users report loss of entire portfolios
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.
“We have received reports…
https://cryptoinsight.ae/atomic-wallet-exploited-users-report-loss-of-entire-portfolios/
Website | Twitter | LinkedIn | Telegram
Several users on Twitter have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.
“We have received reports…
https://cryptoinsight.ae/atomic-wallet-exploited-users-report-loss-of-entire-portfolios/
Website | Twitter | LinkedIn | Telegram
FTX debtors object to Genesis’ ‘critical’ claims estimate of ‘$0.00’
The FTX debtors alleged that the claim was filed “without any advance notice,” and they were not invited to participate in the mediation.
Just a month after bankrupt cryptocurrency exchange FTX sought $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.
According to…
https://cryptoinsight.ae/ftx-debtors-object-to-genesis-critical-claims-estimate-of-0-00/
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The FTX debtors alleged that the claim was filed “without any advance notice,” and they were not invited to participate in the mediation.
Just a month after bankrupt cryptocurrency exchange FTX sought $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.
According to…
https://cryptoinsight.ae/ftx-debtors-object-to-genesis-critical-claims-estimate-of-0-00/
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 ~ $26,816.74 (-0.8%)
Ethereum ~ $1,870.96 (-1.1%)
Solana ~ $21.48 (0.7%)
Polkadot ~ $5.26 (-1.2%)
Flow ~ $0.717901 (-1.0%)
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 ~ $26,816.74 (-0.8%)
Ethereum ~ $1,870.96 (-1.1%)
Solana ~ $21.48 (0.7%)
Polkadot ~ $5.26 (-1.2%)
Flow ~ $0.717901 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Cryptocurrency markets’ low volatility: A curse or an opportunity?
The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait?
Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some…
https://cryptoinsight.ae/cryptocurrency-markets-low-volatility-a-curse-or-an-opportunity/
Website | Twitter | LinkedIn | Telegram
The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait?
Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some…
https://cryptoinsight.ae/cryptocurrency-markets-low-volatility-a-curse-or-an-opportunity/
Website | Twitter | LinkedIn | Telegram
Atomic Wallet hack losses top $35M, on-chain sleuth reports
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.
At least $35 million worth of crypto assets has been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest…
https://cryptoinsight.ae/atomic-wallet-hack-losses-top-35m-on-chain-sleuth-reports/
Website | Twitter | LinkedIn | Telegram
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.
At least $35 million worth of crypto assets has been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest…
https://cryptoinsight.ae/atomic-wallet-hack-losses-top-35m-on-chain-sleuth-reports/
Website | Twitter | LinkedIn | Telegram