Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $26,792.07 (1.3%)
Ethereum ~ $1,727.63 (0.1%)
Solana ~ $15.98 (3.3%)
Polkadot ~ $4.48 (-1.6%)
Flow ~ $0.453297 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $26,792.07 (1.3%)
Ethereum ~ $1,727.63 (0.1%)
Solana ~ $15.98 (3.3%)
Polkadot ~ $4.48 (-1.6%)
Flow ~ $0.453297 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
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Binance’s BNB Chain introduces layer-2 testnet powered by Optimism
The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network.
Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”
On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new…
https://cryptoinsight.ae/binances-bnb-chain-introduces-layer-2-testnet-powered-by-optimism/
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The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network.
Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”
On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new…
https://cryptoinsight.ae/binances-bnb-chain-introduces-layer-2-testnet-powered-by-optimism/
Website | Twitter | LinkedIn | Telegram
IMF envisions ‘new class’ of cross-border payment platform with single ledger
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.
IMF officials chose a roundtable on…
https://cryptoinsight.ae/imf-envisions-new-class-of-cross-border-payment-platform-with-single-ledger/
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The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record central bank digital currency (CBDC) transactions, programmability and improved information management.
IMF officials chose a roundtable on…
https://cryptoinsight.ae/imf-envisions-new-class-of-cross-border-payment-platform-with-single-ledger/
Website | Twitter | LinkedIn | Telegram
Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million
Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations?
In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to…
https://cryptoinsight.ae/why-cathie-wood-is-bullish-on-coinbase-stock-and-believes-bitcoin-will-reach-1-million/
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Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations?
In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to…
https://cryptoinsight.ae/why-cathie-wood-is-bullish-on-coinbase-stock-and-believes-bitcoin-will-reach-1-million/
Website | Twitter | LinkedIn | Telegram
Australia’s crypto laws risk being outpaced by emerging markets: Think tank
Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph.
The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank.
Loretta…
https://cryptoinsight.ae/australias-crypto-laws-risk-being-outpaced-by-emerging-markets-think-tank/
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Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph.
The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank.
Loretta…
https://cryptoinsight.ae/australias-crypto-laws-risk-being-outpaced-by-emerging-markets-think-tank/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 5.7% change in the last 24 hours
Bitcoin ~ $28,893.26 (7.7%)
Ethereum ~ $1,819.06 (5.3%)
Solana ~ $16.86 (5.4%)
Polkadot ~ $4.74 (5.7%)
Flow ~ $0.540533 (19.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a 5.7% change in the last 24 hours
Bitcoin ~ $28,893.26 (7.7%)
Ethereum ~ $1,819.06 (5.3%)
Solana ~ $16.86 (5.4%)
Polkadot ~ $4.74 (5.7%)
Flow ~ $0.540533 (19.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Blackrock’s spot Bitcoin ETF renews optimism, sparks wave of new filings
Investment managers WisdomTree and Invesco have filed for spot Bitcoin ETFs, hot on the heels of BlackRock.
At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15.
New York-based asset management…
https://cryptoinsight.ae/blackrocks-spot-bitcoin-etf-renews-optimism-sparks-wave-of-new-filings/
Website | Twitter | LinkedIn | Telegram
Investment managers WisdomTree and Invesco have filed for spot Bitcoin ETFs, hot on the heels of BlackRock.
At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15.
New York-based asset management…
https://cryptoinsight.ae/blackrocks-spot-bitcoin-etf-renews-optimism-sparks-wave-of-new-filings/
Website | Twitter | LinkedIn | Telegram
Crypto firms tout ‘fictitious’ regulatory stamps, Canadian regulator warns
“Fake” regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators.
Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility.
According to a June 20 Investor Alert from the Canadian…
https://cryptoinsight.ae/crypto-firms-tout-fictitious-regulatory-stamps-canadian-regulator-warns/
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“Fake” regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators.
Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility.
According to a June 20 Investor Alert from the Canadian…
https://cryptoinsight.ae/crypto-firms-tout-fictitious-regulatory-stamps-canadian-regulator-warns/
Website | Twitter | LinkedIn | Telegram
Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security
Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low.
Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs…
https://cryptoinsight.ae/polygon-co-founder-proposes-zkevm-validium-upgrade-to-improve-security/
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Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low.
Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs…
https://cryptoinsight.ae/polygon-co-founder-proposes-zkevm-validium-upgrade-to-improve-security/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 3.9% change in the last 24 hours
Bitcoin ~ $30,175.61 (4.6%)
Ethereum ~ $1,908.80 (5.1%)
Solana ~ $17.29 (2.7%)
Polkadot ~ $4.86 (2.6%)
Flow ~ $0.570200 (6.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 3.9% change in the last 24 hours
Bitcoin ~ $30,175.61 (4.6%)
Ethereum ~ $1,908.80 (5.1%)
Solana ~ $17.29 (2.7%)
Polkadot ~ $4.86 (2.6%)
Flow ~ $0.570200 (6.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.”
Recently renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits.
Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have…
https://cryptoinsight.ae/the-great-accumulation-of-bitcoin-has-begun-says-geminis-winklevoss/
Website | Twitter | LinkedIn | Telegram
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.”
Recently renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits.
Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have…
https://cryptoinsight.ae/the-great-accumulation-of-bitcoin-has-begun-says-geminis-winklevoss/
Website | Twitter | LinkedIn | Telegram
Immutable’s Gods Unchained launches on Epic Games Store
The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers.
Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement.
Gods Unchained is a collectible trading card…
https://cryptoinsight.ae/immutables-gods-unchained-launches-on-epic-games-store/
Website | Twitter | LinkedIn | Telegram
The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers.
Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement.
Gods Unchained is a collectible trading card…
https://cryptoinsight.ae/immutables-gods-unchained-launches-on-epic-games-store/
Website | Twitter | LinkedIn | Telegram
Atomic Wallet gives major update on hack but questions remain unanswered
The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause.
Atomic Wallet users have been left wanting more answers, despite the decentralized wallet provider finally releasing a full “event statement” about the June exploit — which some…
https://cryptoinsight.ae/atomic-wallet-gives-major-update-on-hack-but-questions-remain-unanswered/
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The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause.
Atomic Wallet users have been left wanting more answers, despite the decentralized wallet provider finally releasing a full “event statement” about the June exploit — which some…
https://cryptoinsight.ae/atomic-wallet-gives-major-update-on-hack-but-questions-remain-unanswered/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $30,051.13 (-0.3%)
Ethereum ~ $1,885.18 (-1.2%)
Solana ~ $16.83 (-2.6%)
Polkadot ~ $4.93 (1.2%)
Flow ~ $0.533788 (-6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $30,051.13 (-0.3%)
Ethereum ~ $1,885.18 (-1.2%)
Solana ~ $16.83 (-2.6%)
Polkadot ~ $4.93 (1.2%)
Flow ~ $0.533788 (-6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows
Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well.
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.
Many-a-time specific altcoins post handsome gains that surpass Bitcoin, popularly known as altcoin season. However, K33 Research analysis…
https://cryptoinsight.ae/bitcoin-only-buy-and-hold-investment-strategy-outperforms-altcoins-over-the-long-term-analysis-shows/
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Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well.
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.
Many-a-time specific altcoins post handsome gains that surpass Bitcoin, popularly known as altcoin season. However, K33 Research analysis…
https://cryptoinsight.ae/bitcoin-only-buy-and-hold-investment-strategy-outperforms-altcoins-over-the-long-term-analysis-shows/
Website | Twitter | LinkedIn | Telegram
Bitcoin holds $30K as bulls flaunt their advantage in Friday’s $715M BTC options expiry
News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.
Bitcoin’s 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down…
https://cryptoinsight.ae/bitcoin-holds-30k-as-bulls-flaunt-their-advantage-in-fridays-715m-btc-options-expiry/
Website | Twitter | LinkedIn | Telegram
News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.
Bitcoin’s 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down…
https://cryptoinsight.ae/bitcoin-holds-30k-as-bulls-flaunt-their-advantage-in-fridays-715m-btc-options-expiry/
Website | Twitter | LinkedIn | Telegram
Banning crypto ‘may not be effective in the long run’ — IMF
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean.
The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach.
In a…
https://cryptoinsight.ae/banning-crypto-may-not-be-effective-in-the-long-run-imf/
Website | Twitter | LinkedIn | Telegram
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean.
The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach.
In a…
https://cryptoinsight.ae/banning-crypto-may-not-be-effective-in-the-long-run-imf/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $30,688.11 (2.1%)
Ethereum ~ $1,889.11 (0.2%)
Solana ~ $17.24 (2.4%)
Polkadot ~ $5.08 (3.1%)
Flow ~ $0.538012 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $30,688.11 (2.1%)
Ethereum ~ $1,889.11 (0.2%)
Solana ~ $17.24 (2.4%)
Polkadot ~ $5.08 (3.1%)
Flow ~ $0.538012 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling.
Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.
In…
https://cryptoinsight.ae/ecb-official-labels-crypto-as-deleterious-with-no-societal-benefits-in-scathing-speech/
Website | Twitter | LinkedIn | Telegram
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling.
Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors.
In…
https://cryptoinsight.ae/ecb-official-labels-crypto-as-deleterious-with-no-societal-benefits-in-scathing-speech/
Website | Twitter | LinkedIn | Telegram
US Supreme Court halts Coinbase cases in its first crypto ruling
The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23.
The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases.
Plaintiffs in the…
https://cryptoinsight.ae/us-supreme-court-halts-coinbase-cases-in-its-first-crypto-ruling/
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The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23.
The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases.
Plaintiffs in the…
https://cryptoinsight.ae/us-supreme-court-halts-coinbase-cases-in-its-first-crypto-ruling/
Website | Twitter | LinkedIn | Telegram