FTX reboot on the way: CEO holds talks with ‘interested parties’ — Report
FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture.
Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.
According to a June 28 report from The Wall Street Journal, FTX restructuring chief John…
https://cryptoinsight.ae/ftx-reboot-on-the-way-ceo-holds-talks-with-interested-parties-report/
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FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture.
Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange.
According to a June 28 report from The Wall Street Journal, FTX restructuring chief John…
https://cryptoinsight.ae/ftx-reboot-on-the-way-ceo-holds-talks-with-interested-parties-report/
Website | Twitter | LinkedIn | Telegram
Hester Peirce: US crypto laws can’t assume ‘everything is a financial asset’
Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial.
Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, a commissioner at the U.S. Securities and Exchange Commission has argued.
On…
https://cryptoinsight.ae/hester-peirce-us-crypto-laws-cant-assume-everything-is-a-financial-asset/
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Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial.
Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, a commissioner at the U.S. Securities and Exchange Commission has argued.
On…
https://cryptoinsight.ae/hester-peirce-us-crypto-laws-cant-assume-everything-is-a-financial-asset/
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$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.
According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by…
https://cryptoinsight.ae/7-8b-lost-in-crypto-ponzi-and-pyramid-schemes-in-2022-report/
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Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn.
According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by…
https://cryptoinsight.ae/7-8b-lost-in-crypto-ponzi-and-pyramid-schemes-in-2022-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $30,695.83 (1.4%)
Ethereum ~ $1,878.56 (2.0%)
Solana ~ $18.64 (15.7%)
Polkadot ~ $5.06 (2.6%)
Flow ~ $0.530760 (4.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $30,695.83 (1.4%)
Ethereum ~ $1,878.56 (2.0%)
Solana ~ $18.64 (15.7%)
Polkadot ~ $5.06 (2.6%)
Flow ~ $0.530760 (4.5%)
Follow and subscribe - @GulfCryptoInsight
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LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says
LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it.
The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision…
https://cryptoinsight.ae/layerzeros-market-shifting-theres-a-better-environment-ahead-for-everyone-ceo-says/
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LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it.
The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision…
https://cryptoinsight.ae/layerzeros-market-shifting-theres-a-better-environment-ahead-for-everyone-ceo-says/
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UK crypto bill reaches final stage, on track for passage
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.
A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent…
https://cryptoinsight.ae/uk-crypto-bill-reaches-final-stage-on-track-for-passage/
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The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.
A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent…
https://cryptoinsight.ae/uk-crypto-bill-reaches-final-stage-on-track-for-passage/
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Coinbase layer-2 network Base closes in on mainnet launch
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled four out of five of their criteria for launch.
Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.
On June 29, the team said the Optimism-powered, Ethereum-secured network…
https://cryptoinsight.ae/coinbase-layer-2-network-base-closes-in-on-mainnet-launch/
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While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled four out of five of their criteria for launch.
Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.
On June 29, the team said the Optimism-powered, Ethereum-secured network…
https://cryptoinsight.ae/coinbase-layer-2-network-base-closes-in-on-mainnet-launch/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $30,415.73 (-0.9%)
Ethereum ~ $1,917.11 (2.0%)
Solana ~ $18.15 (-2.5%)
Polkadot ~ $5.18 (2.4%)
Flow ~ $0.543575 (3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $30,415.73 (-0.9%)
Ethereum ~ $1,917.11 (2.0%)
Solana ~ $18.15 (-2.5%)
Polkadot ~ $5.18 (2.4%)
Flow ~ $0.543575 (3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Don’t be naive — BlackRock’s ETF won’t be bullish for Bitcoin
Are regulators trying to disarm crypto-native companies in order to pave the way for Blackrock to steamroll the industry?
There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere,…
https://cryptoinsight.ae/dont-be-naive-blackrocks-etf-wont-be-bullish-for-bitcoin/
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Are regulators trying to disarm crypto-native companies in order to pave the way for Blackrock to steamroll the industry?
There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere,…
https://cryptoinsight.ae/dont-be-naive-blackrocks-etf-wont-be-bullish-for-bitcoin/
Website | Twitter | LinkedIn | Telegram
The future economy: Anticipating the central role of crypto payments in financial transactions
With advances in scaling and interoperability, cryptocurrencies are more ready than ever for widespread adoption.
With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.
Crypto payments at scale are currently prevented by regulation, lack…
https://cryptoinsight.ae/the-future-economy-anticipating-the-central-role-of-crypto-payments-in-financial-transactions/
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With advances in scaling and interoperability, cryptocurrencies are more ready than ever for widespread adoption.
With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.
Crypto payments at scale are currently prevented by regulation, lack…
https://cryptoinsight.ae/the-future-economy-anticipating-the-central-role-of-crypto-payments-in-financial-transactions/
Website | Twitter | LinkedIn | Telegram
Polygon proposes architecture for ‘Polygon 2.0,’ including aggregator bridge
The forthcoming multichain system will use zk proofs to transfer assets between networks.
Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to…
https://cryptoinsight.ae/polygon-proposes-architecture-for-polygon-2-0-including-aggregator-bridge/
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The forthcoming multichain system will use zk proofs to transfer assets between networks.
Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to…
https://cryptoinsight.ae/polygon-proposes-architecture-for-polygon-2-0-including-aggregator-bridge/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $30,570.39 (0.2%)
Ethereum ~ $1,921.13 (-0.8%)
Solana ~ $18.70 (-1.1%)
Polkadot ~ $5.31 (2.5%)
Flow ~ $0.684448 (22.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.24 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $30,570.39 (0.2%)
Ethereum ~ $1,921.13 (-0.8%)
Solana ~ $18.70 (-1.1%)
Polkadot ~ $5.31 (2.5%)
Flow ~ $0.684448 (22.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Kraken ordered by court to disclose user data to IRS for tax compliance
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to…
https://cryptoinsight.ae/kraken-ordered-by-court-to-disclose-user-data-to-irs-for-tax-compliance/
Website | Twitter | LinkedIn | Telegram
Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.
The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to…
https://cryptoinsight.ae/kraken-ordered-by-court-to-disclose-user-data-to-irs-for-tax-compliance/
Website | Twitter | LinkedIn | Telegram
How blockchain is reshaping the entertainment industry — Q&A with EarnTV
Television will no longer be a one-way street but a dynamic and immersive experience that reflects users’ desires and interests.
In the ever-evolving landscape of entertainment, the convergence of watch-to-earn and blockchain technology is reshaping the way users consume and engage with media content. This dynamic fusion offers a range of possibilities, from rewarding viewers…
https://cryptoinsight.ae/how-blockchain-is-reshaping-the-entertainment-industry-qa-with-earntv/
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Television will no longer be a one-way street but a dynamic and immersive experience that reflects users’ desires and interests.
In the ever-evolving landscape of entertainment, the convergence of watch-to-earn and blockchain technology is reshaping the way users consume and engage with media content. This dynamic fusion offers a range of possibilities, from rewarding viewers…
https://cryptoinsight.ae/how-blockchain-is-reshaping-the-entertainment-industry-qa-with-earntv/
Website | Twitter | LinkedIn | Telegram
What is the International Monetary Fund, and how does it work?
Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance structure and…
https://cryptoinsight.ae/what-is-the-international-monetary-fund-and-how-does-it-work/
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Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance structure and…
https://cryptoinsight.ae/what-is-the-international-monetary-fund-and-how-does-it-work/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,659.38 (0.6%)
Ethereum ~ $1,945.60 (1.6%)
Solana ~ $19.38 (1.9%)
Polkadot ~ $5.49 (4.2%)
Flow ~ $0.738787 (14.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 1.2% change in the last 24 hours
Bitcoin ~ $30,659.38 (0.6%)
Ethereum ~ $1,945.60 (1.6%)
Solana ~ $19.38 (1.9%)
Polkadot ~ $5.49 (4.2%)
Flow ~ $0.738787 (14.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Binance caves to pressure over coin listings, scoring a win for privacy
Those of us in Italy and surrounding countries will be allowed to continue trading Zcash, Monero and other coins that Binance sought to condemn as unworthy.
Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European…
https://cryptoinsight.ae/binance-caves-to-pressure-over-coin-listings-scoring-a-win-for-privacy/
Website | Twitter | LinkedIn | Telegram
Those of us in Italy and surrounding countries will be allowed to continue trading Zcash, Monero and other coins that Binance sought to condemn as unworthy.
Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European…
https://cryptoinsight.ae/binance-caves-to-pressure-over-coin-listings-scoring-a-win-for-privacy/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin declares he is not staking all of his ETH, merely a ‘small portion’
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig, which is still “fairly difficult” to set up.
Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ether due to multisignature wallets being “complicated in a bunch of ways.”
On the June 29 episode…
https://cryptoinsight.ae/vitalik-buterin-declares-he-is-not-staking-all-of-his-eth-merely-a-small-portion/
Website | Twitter | LinkedIn | Telegram
Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig, which is still “fairly difficult” to set up.
Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ether due to multisignature wallets being “complicated in a bunch of ways.”
On the June 29 episode…
https://cryptoinsight.ae/vitalik-buterin-declares-he-is-not-staking-all-of-his-eth-merely-a-small-portion/
Website | Twitter | LinkedIn | Telegram
Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal
Bittrex has aligned its arguments closely with those made by Coinbase.
Cryptocurrency exchange Bittrex has submitted a motion to dismiss in its legal dispute with the United States Securities and Exchange Commission (SEC).
In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly…
https://cryptoinsight.ae/bittrex-challenges-secs-authority-in-crypto-lawsuit-seeks-dismissal/
Website | Twitter | LinkedIn | Telegram
Bittrex has aligned its arguments closely with those made by Coinbase.
Cryptocurrency exchange Bittrex has submitted a motion to dismiss in its legal dispute with the United States Securities and Exchange Commission (SEC).
In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly…
https://cryptoinsight.ae/bittrex-challenges-secs-authority-in-crypto-lawsuit-seeks-dismissal/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $30,987.06 (0.9%)
Ethereum ~ $1,952.40 (0.2%)
Solana ~ $19.19 (-1.3%)
Polkadot ~ $5.45 (-0.9%)
Flow ~ $0.676805 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.26 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $30,987.06 (0.9%)
Ethereum ~ $1,952.40 (0.2%)
Solana ~ $19.19 (-1.3%)
Polkadot ~ $5.45 (-0.9%)
Flow ~ $0.676805 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram