Circle, Tether freezes over $65M in assets transferred from Multichain
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on…
https://cryptoinsight.ae/circle-tether-freezes-over-65m-in-assets-transferred-from-multichain/
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Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on…
https://cryptoinsight.ae/circle-tether-freezes-over-65m-in-assets-transferred-from-multichain/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $30,096.87 (-0.6%)
Ethereum ~ $1,854.58 (-0.7%)
Solana ~ $20.94 (-4.0%)
Polkadot ~ $5.03 (-2.0%)
Flow ~ $0.593017 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a -0.7% change in the last 24 hours
Bitcoin ~ $30,096.87 (-0.6%)
Ethereum ~ $1,854.58 (-0.7%)
Solana ~ $20.94 (-4.0%)
Polkadot ~ $5.03 (-2.0%)
Flow ~ $0.593017 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
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Cryptocurrency versus the SEC: A fight for fair digital investing
Exploring the conflict between the SEC and major cryptocurrency corporations and the fight for investor protection in digital currency markets.
Bitcoin, Coinbase, Binance and more are all fighting for their lives as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and…
https://cryptoinsight.ae/cryptocurrency-versus-the-sec-a-fight-for-fair-digital-investing/
Website | Twitter | LinkedIn | Telegram
Exploring the conflict between the SEC and major cryptocurrency corporations and the fight for investor protection in digital currency markets.
Bitcoin, Coinbase, Binance and more are all fighting for their lives as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and…
https://cryptoinsight.ae/cryptocurrency-versus-the-sec-a-fight-for-fair-digital-investing/
Website | Twitter | LinkedIn | Telegram
BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’
Bitcoin is a must-own as the world’s only truly scarce asset, analysis argues, as U.S. BTC accumulation takes a leg up.
Bitcoin will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.
In a Twitter thread on July 8, investor Luke Broyles…
https://cryptoinsight.ae/blackrock-etf-stirs-us-bitcoin-buying-as-research-says-get-off-zero/
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Bitcoin is a must-own as the world’s only truly scarce asset, analysis argues, as U.S. BTC accumulation takes a leg up.
Bitcoin will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.
In a Twitter thread on July 8, investor Luke Broyles…
https://cryptoinsight.ae/blackrock-etf-stirs-us-bitcoin-buying-as-research-says-get-off-zero/
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Revoke adds new feature after users complain of fake approvals scam
Scammers have found a new way to make crypto by luring users into revoking fake approval transactions.
Approval management platform Revoke has issued a fix aimed at mitigating a new crypto scam, which involves baiting crypto users into revoking “fake approvals” and then stinging them with excessively high transaction fees.
On July 9, Revoke.cash stated…
https://cryptoinsight.ae/revoke-adds-new-feature-after-users-complain-of-fake-approvals-scam/
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Scammers have found a new way to make crypto by luring users into revoking fake approval transactions.
Approval management platform Revoke has issued a fix aimed at mitigating a new crypto scam, which involves baiting crypto users into revoking “fake approvals” and then stinging them with excessively high transaction fees.
On July 9, Revoke.cash stated…
https://cryptoinsight.ae/revoke-adds-new-feature-after-users-complain-of-fake-approvals-scam/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $30,396.08 (0.8%)
Ethereum ~ $1,878.40 (0.8%)
Solana ~ $21.31 (0.9%)
Polkadot ~ $5.11 (1.4%)
Flow ~ $0.614675 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $30,396.08 (0.8%)
Ethereum ~ $1,878.40 (0.8%)
Solana ~ $21.31 (0.9%)
Polkadot ~ $5.11 (1.4%)
Flow ~ $0.614675 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin has entered a civil war — Over ‘art’
The Ordinals Protocol is generating a circular digital economy where assets are priced, bought and sold via Bitcoin.
In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs).
“Giving a little more…
https://cryptoinsight.ae/bitcoin-has-entered-a-civil-war-over-art/
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The Ordinals Protocol is generating a circular digital economy where assets are priced, bought and sold via Bitcoin.
In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs).
“Giving a little more…
https://cryptoinsight.ae/bitcoin-has-entered-a-civil-war-over-art/
Website | Twitter | LinkedIn | Telegram
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial…
https://cryptoinsight.ae/boe-governor-trashes-crypto-stablecoins-in-favor-of-enhanced-digital-money/
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A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial…
https://cryptoinsight.ae/boe-governor-trashes-crypto-stablecoins-in-favor-of-enhanced-digital-money/
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Parliamentary report recommends Canada recognize, strategize about blockchain industry
“Canada punches above its weight” in blockchain innovation, parliamentarians conclude, but lots more should be done to encourage the industry.
A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry” and take all the steps that entails. There are a lot of steps needed, it said.
The…
https://cryptoinsight.ae/parliamentary-report-recommends-canada-recognize-strategize-about-blockchain-industry/
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“Canada punches above its weight” in blockchain innovation, parliamentarians conclude, but lots more should be done to encourage the industry.
A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry” and take all the steps that entails. There are a lot of steps needed, it said.
The…
https://cryptoinsight.ae/parliamentary-report-recommends-canada-recognize-strategize-about-blockchain-industry/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $30,656.69 (0.7%)
Ethereum ~ $1,884.86 (0.4%)
Solana ~ $22.03 (0.7%)
Polkadot ~ $5.25 (2.4%)
Flow ~ $0.592970 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $30,656.69 (0.7%)
Ethereum ~ $1,884.86 (0.4%)
Solana ~ $22.03 (0.7%)
Polkadot ~ $5.25 (2.4%)
Flow ~ $0.592970 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
ConsenSys launches Linea zkEVM to further scale Ethereum
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.
Linea is an Ethereum layer-2 scaling network that allows developers to…
https://cryptoinsight.ae/consensys-launches-linea-zkevm-to-further-scale-ethereum/
Website | Twitter | LinkedIn | Telegram
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.
Linea is an Ethereum layer-2 scaling network that allows developers to…
https://cryptoinsight.ae/consensys-launches-linea-zkevm-to-further-scale-ethereum/
Website | Twitter | LinkedIn | Telegram
BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers
G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.
In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital…
https://cryptoinsight.ae/bis-gives-cbdcs-a-thumbs-up-crypto-the-middle-finger-in-reports-to-g20-ministers/
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G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.
In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital…
https://cryptoinsight.ae/bis-gives-cbdcs-a-thumbs-up-crypto-the-middle-finger-in-reports-to-g20-ministers/
Website | Twitter | LinkedIn | Telegram
US Senate Finance Committee asks digital asset community how to tax it in open letter
Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.
United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the…
https://cryptoinsight.ae/us-senate-finance-committee-asks-digital-asset-community-how-to-tax-it-in-open-letter/
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Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so.
United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the…
https://cryptoinsight.ae/us-senate-finance-committee-asks-digital-asset-community-how-to-tax-it-in-open-letter/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $30,330.35 (-1.2%)
Ethereum ~ $1,870.08 (-0.8%)
Solana ~ $21.76 (-1.5%)
Polkadot ~ $5.16 (-1.5%)
Flow ~ $0.575310 (-2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $30,330.35 (-1.2%)
Ethereum ~ $1,870.08 (-0.8%)
Solana ~ $21.76 (-1.5%)
Polkadot ~ $5.16 (-1.5%)
Flow ~ $0.575310 (-2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum TPS boost? Starknet ‘Quantum Leap’ goes live
Uri Kolodny, the co-founder and CEO of StarkWare, said that Starknet’s latest Quantum Leap upgrade makes high TPS a reality on the Ethereum mainnet.
The much-anticipated Quantum Leap upgrade by layer-2 scaling protocol Starknet was recently deployed on the Ethereum mainnet, allowing for as much as 90 transactions per second (TPS), boosting the network’s speed.…
https://cryptoinsight.ae/ethereum-tps-boost-starknet-quantum-leap-goes-live/
Website | Twitter | LinkedIn | Telegram
Uri Kolodny, the co-founder and CEO of StarkWare, said that Starknet’s latest Quantum Leap upgrade makes high TPS a reality on the Ethereum mainnet.
The much-anticipated Quantum Leap upgrade by layer-2 scaling protocol Starknet was recently deployed on the Ethereum mainnet, allowing for as much as 90 transactions per second (TPS), boosting the network’s speed.…
https://cryptoinsight.ae/ethereum-tps-boost-starknet-quantum-leap-goes-live/
Website | Twitter | LinkedIn | Telegram
BNB Beacon Chain to add ‘panic’ feature that can ‘halt’ blockchain
BNB Beacon Chain mainnet is set to undergo the “ZhangHeng” hard fork around July 19, which will bring new upgrades aimed at improving security.
The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new…
https://cryptoinsight.ae/bnb-beacon-chain-to-add-panic-feature-that-can-halt-blockchain/
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BNB Beacon Chain mainnet is set to undergo the “ZhangHeng” hard fork around July 19, which will bring new upgrades aimed at improving security.
The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new…
https://cryptoinsight.ae/bnb-beacon-chain-to-add-panic-feature-that-can-halt-blockchain/
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PwC hedge fund survey finds crypto remains viable despite recent market turmoil
The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.
PwC released its fifth annual global crypto hedge fund report on July 12 based on surveys of crypto-native and traditional hedge funds conducted in the first quarter of 2023. Against…
https://cryptoinsight.ae/pwc-hedge-fund-survey-finds-crypto-remains-viable-despite-recent-market-turmoil/
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The portion of traditional hedge funds investing in crypto fell, but many of those still in the market plan to increase crypto investing this year.
PwC released its fifth annual global crypto hedge fund report on July 12 based on surveys of crypto-native and traditional hedge funds conducted in the first quarter of 2023. Against…
https://cryptoinsight.ae/pwc-hedge-fund-survey-finds-crypto-remains-viable-despite-recent-market-turmoil/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 6.6% change in the last 24 hours
Bitcoin ~ $31,381.95 (3.5%)
Ethereum ~ $2,009.37 (7.5%)
Solana ~ $28.79 (32.5%)
Polkadot ~ $5.63 (9.1%)
Flow ~ $0.650606 (13.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 6.6% change in the last 24 hours
Bitcoin ~ $31,381.95 (3.5%)
Ethereum ~ $2,009.37 (7.5%)
Solana ~ $28.79 (32.5%)
Polkadot ~ $5.63 (9.1%)
Flow ~ $0.650606 (13.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
XRP becomes 4th largest crypto after Ripple’s partial win over SEC
XRP’s market capitalization surged by more than $21 billion in just three hours.
Ripple has now become the fourth largest cryptocurrency by market capitalization after Ripple Labs’ partial victory over the Securities and Exchange Commission (SEC) on July 13.
Mere hours after the ruling, XRP market cap surged a whopping $21.2 billion to reach a…
https://cryptoinsight.ae/xrp-becomes-4th-largest-crypto-after-ripples-partial-win-over-sec/
Website | Twitter | LinkedIn | Telegram
XRP’s market capitalization surged by more than $21 billion in just three hours.
Ripple has now become the fourth largest cryptocurrency by market capitalization after Ripple Labs’ partial victory over the Securities and Exchange Commission (SEC) on July 13.
Mere hours after the ruling, XRP market cap surged a whopping $21.2 billion to reach a…
https://cryptoinsight.ae/xrp-becomes-4th-largest-crypto-after-ripples-partial-win-over-sec/
Website | Twitter | LinkedIn | Telegram
Circle CEO spells doom scenario for US dollar in warning to Congress
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.
The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.
On July 13, Jeremy Allaire appeared…
https://cryptoinsight.ae/circle-ceo-spells-doom-scenario-for-us-dollar-in-warning-to-congress/
Website | Twitter | LinkedIn | Telegram
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.
The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.
On July 13, Jeremy Allaire appeared…
https://cryptoinsight.ae/circle-ceo-spells-doom-scenario-for-us-dollar-in-warning-to-congress/
Website | Twitter | LinkedIn | Telegram