Cybernetic organizations — BORGs — are doomed to fail
Cybernetic organizations automate decision-making so that DAO actions can be taken without proposals — implementing law through code.
What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations.
With this in mind, developers at…
https://cryptoinsight.ae/cybernetic-organizations-borgs-are-doomed-to-fail/
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Cybernetic organizations automate decision-making so that DAO actions can be taken without proposals — implementing law through code.
What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations.
With this in mind, developers at…
https://cryptoinsight.ae/cybernetic-organizations-borgs-are-doomed-to-fail/
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Privacy should be considered in ‘potential retail CBDC’ — Treasury official
U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.
Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.
On June 13 the Treasury Department’s Assistant Secretary for…
https://cryptoinsight.ae/privacy-should-be-considered-in-potential-retail-cbdc-treasury-official/
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U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity.
Privacy and the ability to transact anonymously should be considerations in the design of a digital dollar, a United States Treasury official has said.
On June 13 the Treasury Department’s Assistant Secretary for…
https://cryptoinsight.ae/privacy-should-be-considered-in-potential-retail-cbdc-treasury-official/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $24,959.73 (-3.5%)
Ethereum ~ $1,642.12 (-5.6%)
Solana ~ $14.83 (-1.8%)
Polkadot ~ $4.52 (-2.1%)
Flow ~ $0.456872 (-6.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $24,959.73 (-3.5%)
Ethereum ~ $1,642.12 (-5.6%)
Solana ~ $14.83 (-1.8%)
Polkadot ~ $4.52 (-2.1%)
Flow ~ $0.456872 (-6.3%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin dips below $25K for the first time in 3 months
The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates.
The price of Bitcoin has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.
Within the span of 30 minutes on June 15, the price…
https://cryptoinsight.ae/bitcoin-dips-below-25k-for-the-first-time-in-3-months/
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The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates.
The price of Bitcoin has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry.
Within the span of 30 minutes on June 15, the price…
https://cryptoinsight.ae/bitcoin-dips-below-25k-for-the-first-time-in-3-months/
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Here’s what happened to Arbitrum post-airdrop
The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event.
On-chain analytics firm Nansen released a new report detailing what happened to the Arbitrum network after its popular airdrop event. From sustaining the surge of users and transactions to a decline in new…
https://cryptoinsight.ae/heres-what-happened-to-arbitrum-post-airdrop/
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The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event.
On-chain analytics firm Nansen released a new report detailing what happened to the Arbitrum network after its popular airdrop event. From sustaining the surge of users and transactions to a decline in new…
https://cryptoinsight.ae/heres-what-happened-to-arbitrum-post-airdrop/
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Hong Kong govt pressures banking giants to accept crypto clients: Report
Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients.
The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges…
https://cryptoinsight.ae/hong-kong-govt-pressures-banking-giants-to-accept-crypto-clients-report/
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Hong Kong’s central bank reportedly asked major banks including HSBC, Standard Chartered and Bank of China why they aren’t accepting crypto exchanges as clients.
The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges…
https://cryptoinsight.ae/hong-kong-govt-pressures-banking-giants-to-accept-crypto-clients-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $25,518.26 (2.2%)
Ethereum ~ $1,670.38 (1.7%)
Solana ~ $14.88 (0.4%)
Polkadot ~ $4.38 (-3.3%)
Flow ~ $0.462807 (1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.08 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $25,518.26 (2.2%)
Ethereum ~ $1,670.38 (1.7%)
Solana ~ $14.88 (0.4%)
Polkadot ~ $4.38 (-3.3%)
Flow ~ $0.462807 (1.4%)
Follow and subscribe - @GulfCryptoInsight
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BlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it?
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.
BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to…
https://cryptoinsight.ae/blackrocks-bitcoin-etf-is-the-best-thing-to-happen-to-btc-or-is-it/
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Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.
BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to…
https://cryptoinsight.ae/blackrocks-bitcoin-etf-is-the-best-thing-to-happen-to-btc-or-is-it/
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Dubai’s VARA approves OKX ‘preparatory’ license as part of exchange’s expansion plans
The Middle Eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people.
The Middle Eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Assets Regulatory Authority (VARA) had granted the firm a minimal viable product preparatory license as part…
https://cryptoinsight.ae/dubais-vara-approves-okx-preparatory-license-as-part-of-exchanges-expansion-plans/
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The Middle Eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people.
The Middle Eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Assets Regulatory Authority (VARA) had granted the firm a minimal viable product preparatory license as part…
https://cryptoinsight.ae/dubais-vara-approves-okx-preparatory-license-as-part-of-exchanges-expansion-plans/
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Is blockchain technology ready for high-storage applications?
What does the blockchain space need to enable the development of high-storage apps?
Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we…
https://cryptoinsight.ae/is-blockchain-technology-ready-for-high-storage-applications/
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What does the blockchain space need to enable the development of high-storage apps?
Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we…
https://cryptoinsight.ae/is-blockchain-technology-ready-for-high-storage-applications/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $26,673.61 (4.4%)
Ethereum ~ $1,757.17 (5.1%)
Solana ~ $16.05 (7.8%)
Polkadot ~ $4.52 (3.0%)
Flow ~ $0.476068 (2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a 4.2% change in the last 24 hours
Bitcoin ~ $26,673.61 (4.4%)
Ethereum ~ $1,757.17 (5.1%)
Solana ~ $16.05 (7.8%)
Polkadot ~ $4.52 (3.0%)
Flow ~ $0.476068 (2.5%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum network upgrade and uptick in Arbitrum active users could trigger an ARB price reversal
Positive Ethereum and Arbitrum network developments and the eventual improvement in crypto investor sentiment could lend a boost to the ARB price.
While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth.
A recent Nansen report shows that Arbitrum’s activity improved after…
https://cryptoinsight.ae/ethereum-network-upgrade-and-uptick-in-arbitrum-active-users-could-trigger-an-arb-price-reversal/
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Positive Ethereum and Arbitrum network developments and the eventual improvement in crypto investor sentiment could lend a boost to the ARB price.
While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth.
A recent Nansen report shows that Arbitrum’s activity improved after…
https://cryptoinsight.ae/ethereum-network-upgrade-and-uptick-in-arbitrum-active-users-could-trigger-an-arb-price-reversal/
Website | Twitter | LinkedIn | Telegram
Crypto payments platform Wyre shutters citing bear market conditions
Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets.
San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction”…
https://cryptoinsight.ae/crypto-payments-platform-wyre-shutters-citing-bear-market-conditions/
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Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets.
San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction”…
https://cryptoinsight.ae/crypto-payments-platform-wyre-shutters-citing-bear-market-conditions/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $26,534.12 (-0.6%)
Ethereum ~ $1,728.42 (-1.7%)
Solana ~ $15.55 (-3.0%)
Polkadot ~ $4.52 (0.0%)
Flow ~ $0.466648 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $26,534.12 (-0.6%)
Ethereum ~ $1,728.42 (-1.7%)
Solana ~ $15.55 (-3.0%)
Polkadot ~ $4.52 (0.0%)
Flow ~ $0.466648 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘We had to change strategies,’ says SEC enforcement director on recent actions: Report
The SEC has taken enforcement actions against several crypto firms, a move that has been criticized by many U.S. lawmakers and industry leaders.
Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions.
According to…
https://cryptoinsight.ae/we-had-to-change-strategies-says-sec-enforcement-director-on-recent-actions-report/
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The SEC has taken enforcement actions against several crypto firms, a move that has been criticized by many U.S. lawmakers and industry leaders.
Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions.
According to…
https://cryptoinsight.ae/we-had-to-change-strategies-says-sec-enforcement-director-on-recent-actions-report/
Website | Twitter | LinkedIn | Telegram
Tether responds to account deactivation controversy, raises compliance checks
Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay.
Tether, the company behind market-leading stablecoin Tether, has addressed concerns regarding its operational decisions.
According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurrency players in…
https://cryptoinsight.ae/tether-responds-to-account-deactivation-controversy-raises-compliance-checks/
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Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay.
Tether, the company behind market-leading stablecoin Tether, has addressed concerns regarding its operational decisions.
According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurrency players in…
https://cryptoinsight.ae/tether-responds-to-account-deactivation-controversy-raises-compliance-checks/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $26,446.56 (-0.4%)
Ethereum ~ $1,726.53 (-0.1%)
Solana ~ $15.47 (-0.6%)
Polkadot ~ $4.56 (0.7%)
Flow ~ $0.465287 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $26,446.56 (-0.4%)
Ethereum ~ $1,726.53 (-0.1%)
Solana ~ $15.47 (-0.6%)
Polkadot ~ $4.56 (0.7%)
Flow ~ $0.465287 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Is the cryptocurrency market about to break its 10-week losing streak?
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months.
The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides…
https://cryptoinsight.ae/is-the-cryptocurrency-market-about-to-break-its-10-week-losing-streak/
Website | Twitter | LinkedIn | Telegram
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months.
The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides…
https://cryptoinsight.ae/is-the-cryptocurrency-market-about-to-break-its-10-week-losing-streak/
Website | Twitter | LinkedIn | Telegram
Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up
Institutional buying interest in GBTC accompanies hopes that BlackRock will secure the first U.S. Bitcoin spot ETF.
Bitcoin plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.
Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs.
GBTC…
https://cryptoinsight.ae/grayscale-bitcoin-trust-nears-2023-highs-on-blackrock-etf-filing-as-buyers-step-up/
Website | Twitter | LinkedIn | Telegram
Institutional buying interest in GBTC accompanies hopes that BlackRock will secure the first U.S. Bitcoin spot ETF.
Bitcoin plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.
Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs.
GBTC…
https://cryptoinsight.ae/grayscale-bitcoin-trust-nears-2023-highs-on-blackrock-etf-filing-as-buyers-step-up/
Website | Twitter | LinkedIn | Telegram
Coinbase blasts SEC for ‘no straight answers’ following court order
The comment from the crypto exchange came after the SEC asked for more time to respond to Coinbase’s rulemaking petition.
Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator.
In a June 17 letter…
https://cryptoinsight.ae/coinbase-blasts-sec-for-no-straight-answers-following-court-order/
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The comment from the crypto exchange came after the SEC asked for more time to respond to Coinbase’s rulemaking petition.
Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator.
In a June 17 letter…
https://cryptoinsight.ae/coinbase-blasts-sec-for-no-straight-answers-following-court-order/
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