Coinbase website down as crypto exchange cites ‘system-wide outage’
United States crypto exchange Coinbase has suffered a “system-wide outage” rendering its services unusable for those looking to access the crypto exchange on desktop or mobile.
Coinbase notified users of the outage on its official status page, sharing that a “major outage” began at 4:15 am UTC on May 14.
Attempts to visit the website…
https://cryptoinsight.ae/coinbase-website-down-as-crypto-exchange-cites-system-wide-outage/
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United States crypto exchange Coinbase has suffered a “system-wide outage” rendering its services unusable for those looking to access the crypto exchange on desktop or mobile.
Coinbase notified users of the outage on its official status page, sharing that a “major outage” began at 4:15 am UTC on May 14.
Attempts to visit the website…
https://cryptoinsight.ae/coinbase-website-down-as-crypto-exchange-cites-system-wide-outage/
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Blockdaemon gets greenlight for UAE expansion in Abu Dhabi
Blockchain infrastructure firm Blockdaemon revealed that it will be expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi.
The company revealed that its expansion plans were greenlit under the local Registration Authority of Abu Dhabi Global Market (ADGM) in an announcement shared with Cointelegraph on May. 13.…
https://cryptoinsight.ae/blockdaemon-gets-greenlight-for-uae-expansion-in-abu-dhabi/
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Blockchain infrastructure firm Blockdaemon revealed that it will be expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi.
The company revealed that its expansion plans were greenlit under the local Registration Authority of Abu Dhabi Global Market (ADGM) in an announcement shared with Cointelegraph on May. 13.…
https://cryptoinsight.ae/blockdaemon-gets-greenlight-for-uae-expansion-in-abu-dhabi/
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More crypto AI alliances emerge following $7.5B token merger
On May 13, blockchain AI platform ChainGPT will hold the initial dex offering (IDO) of its launchpad project, Wisdomise AI, in conjunction with KuCoin and Gate.io.
Wisedomise is an AI-powered crypto adviser and investment assistant that helps users learn, predict, and execute digital asset trades. Ilan Rakhmanov, CEO and Founder of ChainGPT, said that the…
https://cryptoinsight.ae/more-crypto-ai-alliances-emerge-following-7-5b-token-merger/
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On May 13, blockchain AI platform ChainGPT will hold the initial dex offering (IDO) of its launchpad project, Wisdomise AI, in conjunction with KuCoin and Gate.io.
Wisedomise is an AI-powered crypto adviser and investment assistant that helps users learn, predict, and execute digital asset trades. Ilan Rakhmanov, CEO and Founder of ChainGPT, said that the…
https://cryptoinsight.ae/more-crypto-ai-alliances-emerge-following-7-5b-token-merger/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $61,899.11 (-1.3%)
Ethereum ~ $2,903.29 (-1.4%)
Solana ~ $143.84 (-3.3%)
Polkadot ~ $6.48 (-2.7%)
Flow ~ $0.8171 (-4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $61,899.11 (-1.3%)
Ethereum ~ $2,903.29 (-1.4%)
Solana ~ $143.84 (-3.3%)
Polkadot ~ $6.48 (-2.7%)
Flow ~ $0.8171 (-4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Regulators are cracking down on financial privacy, but ZK-proofs can help
Regulators are cracking down on privacy-preserving protocols like cryptocurrency mixers, but zero-knowledge proofs (ZK-proofs) could offer a solution for both developers and regulators.
Offering privacy-preserving features in a legally compliant manner is among the biggest concerns of today’s privacy-focused blockchain protocols, which can be used by virtually anyone with internet access.
However, the evolution of…
https://cryptoinsight.ae/regulators-are-cracking-down-on-financial-privacy-but-zk-proofs-can-help/
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Regulators are cracking down on privacy-preserving protocols like cryptocurrency mixers, but zero-knowledge proofs (ZK-proofs) could offer a solution for both developers and regulators.
Offering privacy-preserving features in a legally compliant manner is among the biggest concerns of today’s privacy-focused blockchain protocols, which can be used by virtually anyone with internet access.
However, the evolution of…
https://cryptoinsight.ae/regulators-are-cracking-down-on-financial-privacy-but-zk-proofs-can-help/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin proposes Ethereum gas model overhaul
Ethereum co-founder Vitalik Buterin has proposed a new Ethereum improvement protocol, EIP-7706, focused on a new gas model for transaction call data.
Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing…
https://cryptoinsight.ae/vitalik-buterin-proposes-ethereum-gas-model-overhaul/
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Ethereum co-founder Vitalik Buterin has proposed a new Ethereum improvement protocol, EIP-7706, focused on a new gas model for transaction call data.
Ethereum-based transactions currently have two types of gas fees: one for transaction execution, which covers the computational effort required to perform a transaction, and one for storage, which is the cost of storing…
https://cryptoinsight.ae/vitalik-buterin-proposes-ethereum-gas-model-overhaul/
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Filing suggests SEC is exploring grounds to deny spot Ether ETFs
Analysts have unearthed details from a March filing with the United States Securities and Exchange Commission (SEC) that suggest the regulator may consider labeling Ether a security.
In a May 13 X post, Davis Polk and Wardwell Associate Scott Johnsson reviewed a March 4 filing from BlackRock over its application to list and trade a…
https://cryptoinsight.ae/filing-suggests-sec-is-exploring-grounds-to-deny-spot-ether-etfs/
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Analysts have unearthed details from a March filing with the United States Securities and Exchange Commission (SEC) that suggest the regulator may consider labeling Ether a security.
In a May 13 X post, Davis Polk and Wardwell Associate Scott Johnsson reviewed a March 4 filing from BlackRock over its application to list and trade a…
https://cryptoinsight.ae/filing-suggests-sec-is-exploring-grounds-to-deny-spot-ether-etfs/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 5.5% change in the last 24 hours
Bitcoin ~ $65,814.16 (6.4%)
Ethereum ~ $3,008.58 (3.6%)
Solana ~ $161.84 (12.4%)
Polkadot ~ $6.98 (7.6%)
Flow ~ $0.8734 (6.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 5.5% change in the last 24 hours
Bitcoin ~ $65,814.16 (6.4%)
Ethereum ~ $3,008.58 (3.6%)
Solana ~ $161.84 (12.4%)
Polkadot ~ $6.98 (7.6%)
Flow ~ $0.8734 (6.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Mastercard launches ‘next generation’ of blockchain payments startup program
Fintech giant Mastercard announced the addition of five new startups to its Start Path Blockchain and Digital Assets program on May 15.
The Start Path Blockchain and Digital Assets program is a fintech accelerator program that focuses on “exploring future use cases to scale new solutions with startups around the world.”
Joining the program are…
https://cryptoinsight.ae/mastercard-launches-next-generation-of-blockchain-payments-startup-program/
Website | Twitter | LinkedIn | Telegram
Fintech giant Mastercard announced the addition of five new startups to its Start Path Blockchain and Digital Assets program on May 15.
The Start Path Blockchain and Digital Assets program is a fintech accelerator program that focuses on “exploring future use cases to scale new solutions with startups around the world.”
Joining the program are…
https://cryptoinsight.ae/mastercard-launches-next-generation-of-blockchain-payments-startup-program/
Website | Twitter | LinkedIn | Telegram
Worldcoin beefs up security by open-sourcing biometric data system
As organizations increasingly rely on biometric data for various applications, from access to physical spaces to financial services, the frequency and impact of data breaches continue to escalate.
On May 15, the Worldcoin Foundation, the organization behind the Worldcoin iris biometric cryptocurrency project, announced that it open-sourced its secure multi-party computation (SMPC) system.
The new…
https://cryptoinsight.ae/worldcoin-beefs-up-security-by-open-sourcing-biometric-data-system/
Website | Twitter | LinkedIn | Telegram
As organizations increasingly rely on biometric data for various applications, from access to physical spaces to financial services, the frequency and impact of data breaches continue to escalate.
On May 15, the Worldcoin Foundation, the organization behind the Worldcoin iris biometric cryptocurrency project, announced that it open-sourced its secure multi-party computation (SMPC) system.
The new…
https://cryptoinsight.ae/worldcoin-beefs-up-security-by-open-sourcing-biometric-data-system/
Website | Twitter | LinkedIn | Telegram
Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin
On May 15, the cryptocurrency markets saw a 5.5% increase in total capitalization following the release of inflation and retail sales data from the United States. However, Ether failed to fully capitalize on this bullish momentum. Ether last closed above $3,000 over five days ago and has underperformed the leading cryptocurrency, Bitcoin, by 22% since…
https://cryptoinsight.ae/crypto-markets-rally-but-ethereum-struggles-to-keep-pace-with-bitcoin/
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On May 15, the cryptocurrency markets saw a 5.5% increase in total capitalization following the release of inflation and retail sales data from the United States. However, Ether failed to fully capitalize on this bullish momentum. Ether last closed above $3,000 over five days ago and has underperformed the leading cryptocurrency, Bitcoin, by 22% since…
https://cryptoinsight.ae/crypto-markets-rally-but-ethereum-struggles-to-keep-pace-with-bitcoin/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.49 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $65,619.22 (-0.3%)
Ethereum ~ $2,942.22 (-2.4%)
Solana ~ $162.94 (0.9%)
Polkadot ~ $7.07 (1.3%)
Flow ~ $0.8684 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.49 Trillion, a 0.7% change in the last 24 hours
Bitcoin ~ $65,619.22 (-0.3%)
Ethereum ~ $2,942.22 (-2.4%)
Solana ~ $162.94 (0.9%)
Polkadot ~ $7.07 (1.3%)
Flow ~ $0.8684 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Altcoins a ‘relatively huge’ risk as days of big returns are gone, say analysts
The high-risk, high-reward theory of altcoins might be tilting toward the former as big gains are now less likely due to weak narratives driving the crypto market, say crypto analysts.
“While tactical opportunities exist, the era of 100x returns may well be behind us,” 10xResearch head of research Markus Thielen told Cointelegraph.
He cautioned that…
https://cryptoinsight.ae/altcoins-a-relatively-huge-risk-as-days-of-big-returns-are-gone-say-analysts/
Website | Twitter | LinkedIn | Telegram
The high-risk, high-reward theory of altcoins might be tilting toward the former as big gains are now less likely due to weak narratives driving the crypto market, say crypto analysts.
“While tactical opportunities exist, the era of 100x returns may well be behind us,” 10xResearch head of research Markus Thielen told Cointelegraph.
He cautioned that…
https://cryptoinsight.ae/altcoins-a-relatively-huge-risk-as-days-of-big-returns-are-gone-say-analysts/
Website | Twitter | LinkedIn | Telegram
Big miners pose a growing existential threat to Bitcoin
Bitcoin mining is now in the hands of the few. Well-known mining pools have seized overwhelming power, which poses an existential threat to the world’s first digital asset. It’s the logical outcome of a design flaw by Satoshi Nakamoto.
Unfortunately, Bitcoin mining has always tended towards centralization. Bitcoin miners could once mine blocks with CPUs…
https://cryptoinsight.ae/big-miners-pose-a-growing-existential-threat-to-bitcoin/
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Bitcoin mining is now in the hands of the few. Well-known mining pools have seized overwhelming power, which poses an existential threat to the world’s first digital asset. It’s the logical outcome of a design flaw by Satoshi Nakamoto.
Unfortunately, Bitcoin mining has always tended towards centralization. Bitcoin miners could once mine blocks with CPUs…
https://cryptoinsight.ae/big-miners-pose-a-growing-existential-threat-to-bitcoin/
Website | Twitter | LinkedIn | Telegram
VC Roundup: Web3 infrastructure, ‘tokenization of everything’ drawing investors
Venture funding for crypto startups peaked at $1 billion in April, marking the second consecutive month above that pivotal mark this year with 161 investment rounds, indicating investors’ renewed interest amid the bull market.
Key trends catching venture firms’ attention include decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything,’ aa told by…
https://cryptoinsight.ae/vc-roundup-web3-infrastructure-tokenization-of-everything-drawing-investors/
Website | Twitter | LinkedIn | Telegram
Venture funding for crypto startups peaked at $1 billion in April, marking the second consecutive month above that pivotal mark this year with 161 investment rounds, indicating investors’ renewed interest amid the bull market.
Key trends catching venture firms’ attention include decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything,’ aa told by…
https://cryptoinsight.ae/vc-roundup-web3-infrastructure-tokenization-of-everything-drawing-investors/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $66,819.17 (1.7%)
Ethereum ~ $3,095.37 (5.2%)
Solana ~ $172.46 (5.7%)
Polkadot ~ $7.17 (1.6%)
Flow ~ $0.8965 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 2.6% change in the last 24 hours
Bitcoin ~ $66,819.17 (1.7%)
Ethereum ~ $3,095.37 (5.2%)
Solana ~ $172.46 (5.7%)
Polkadot ~ $7.17 (1.6%)
Flow ~ $0.8965 (3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Blockchain gaming investments reached nearly $1B in April
Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming.
DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the…
https://cryptoinsight.ae/blockchain-gaming-investments-reached-nearly-1b-in-april/
Website | Twitter | LinkedIn | Telegram
Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming.
DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the…
https://cryptoinsight.ae/blockchain-gaming-investments-reached-nearly-1b-in-april/
Website | Twitter | LinkedIn | Telegram
Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack
Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of crypto that was exploited from its BNB Smart Chain bridge, according to the team’s May 16 social media post. According to the post, the attacker sent the funds to several different centralized exchanges (CEXs), which allowed them to be frozen with…
https://cryptoinsight.ae/alex-labs-freezes-3-9m-of-exploited-funds-sent-to-cexs-after-hack/
Website | Twitter | LinkedIn | Telegram
Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of crypto that was exploited from its BNB Smart Chain bridge, according to the team’s May 16 social media post. According to the post, the attacker sent the funds to several different centralized exchanges (CEXs), which allowed them to be frozen with…
https://cryptoinsight.ae/alex-labs-freezes-3-9m-of-exploited-funds-sent-to-cexs-after-hack/
Website | Twitter | LinkedIn | Telegram
Tether mints another $1B — Last time, it helped Bitcoin climb to $73K
Tether’s USDT, the world’s largest stablecoin, has minted another $1 billion, bringing its market capitalization above $110 billion, which could catalyze Bitcoin’s next move to new all-time highs.
Will more USDT boost Bitcoin’s price?
Tether’s treasury has minted $1 billion worth of USDT during the past 24 hours, bringing its yearly total to $31 billion.…
https://cryptoinsight.ae/tether-mints-another-1b-last-time-it-helped-bitcoin-climb-to-73k/
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Tether’s USDT, the world’s largest stablecoin, has minted another $1 billion, bringing its market capitalization above $110 billion, which could catalyze Bitcoin’s next move to new all-time highs.
Will more USDT boost Bitcoin’s price?
Tether’s treasury has minted $1 billion worth of USDT during the past 24 hours, bringing its yearly total to $31 billion.…
https://cryptoinsight.ae/tether-mints-another-1b-last-time-it-helped-bitcoin-climb-to-73k/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.56 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $67,124.98 (0.5%)
Ethereum ~ $3,116.11 (0.7%)
Solana ~ $174.15 (1.1%)
Polkadot ~ $7.11 (-0.8%)
Flow ~ $0.9009 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.56 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $67,124.98 (0.5%)
Ethereum ~ $3,116.11 (0.7%)
Solana ~ $174.15 (1.1%)
Polkadot ~ $7.11 (-0.8%)
Flow ~ $0.9009 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram