If SEC approves spot Ether ETFs, many ‘will be caught severely offside’
Despite unfavorable odds from several crypto analysts and the broader crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts suggest that “there is room for surprise.”
“If by some chance the SEC decides to approve then so many will be caught severely…
https://cryptoinsight.ae/if-sec-approves-spot-ether-etfs-many-will-be-caught-severely-offside/
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Despite unfavorable odds from several crypto analysts and the broader crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts suggest that “there is room for surprise.”
“If by some chance the SEC decides to approve then so many will be caught severely…
https://cryptoinsight.ae/if-sec-approves-spot-ether-etfs-many-will-be-caught-severely-offside/
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LayerZero identifies over 800K addresses in sybil self-reporting phase
LayerZero Labs has officially announced that the sybil self-reporting phase of its solution to address sybil activity, or “airdrop farming,” is over.
According to LayerZero, addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. Following the review, a total of 803,093…
https://cryptoinsight.ae/layerzero-identifies-over-800k-addresses-in-sybil-self-reporting-phase/
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LayerZero Labs has officially announced that the sybil self-reporting phase of its solution to address sybil activity, or “airdrop farming,” is over.
According to LayerZero, addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. Following the review, a total of 803,093…
https://cryptoinsight.ae/layerzero-identifies-over-800k-addresses-in-sybil-self-reporting-phase/
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Phantom Wallet climbs Apple app store charts — Bullish sign for Solana?
Cryptocurrency wallet Phantom Wallet has now secured the third position on the Apple App Store in the utility category, just behind Google and Google Chrome Apps.
Crypto commentators are speculating that the rise could be a bullish indicator for Solana, given that Phantom Wallet initially launched as a Solana-only wallet.
“Seems like the SOL season…
https://cryptoinsight.ae/phantom-wallet-climbs-apple-app-store-charts-bullish-sign-for-solana/
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Cryptocurrency wallet Phantom Wallet has now secured the third position on the Apple App Store in the utility category, just behind Google and Google Chrome Apps.
Crypto commentators are speculating that the rise could be a bullish indicator for Solana, given that Phantom Wallet initially launched as a Solana-only wallet.
“Seems like the SOL season…
https://cryptoinsight.ae/phantom-wallet-climbs-apple-app-store-charts-bullish-sign-for-solana/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $67,122.26 (0.0%)
Ethereum ~ $3,123.71 (0.0%)
Solana ~ $175.36 (0.5%)
Polkadot ~ $7.02 (-1.5%)
Flow ~ $0.8843 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $67,122.26 (0.0%)
Ethereum ~ $3,123.71 (0.0%)
Solana ~ $175.36 (0.5%)
Polkadot ~ $7.02 (-1.5%)
Flow ~ $0.8843 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
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Ripple publishes math prof’s warning: ‘public-key cryptosystems should be replaced’
Professor Massimiliano Sala, of the University of Trento in Italy, recently discussed the future of blockchain technology, as it relates to encryption and quantum computing, with the crew at Ripple as part of the company’s ongoing university lecture series.
Sala’s discussion focused on the potential threat posed by quantum computers as the technology matures. According…
https://cryptoinsight.ae/ripple-publishes-math-profs-warning-public-key-cryptosystems-should-be-replaced/
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Professor Massimiliano Sala, of the University of Trento in Italy, recently discussed the future of blockchain technology, as it relates to encryption and quantum computing, with the crew at Ripple as part of the company’s ongoing university lecture series.
Sala’s discussion focused on the potential threat posed by quantum computers as the technology matures. According…
https://cryptoinsight.ae/ripple-publishes-math-profs-warning-public-key-cryptosystems-should-be-replaced/
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Tornado Cash verdict has chilling implications for crypto industry
The conviction of Alexey Pertsev, a developer of coin-mixing protocol Tornado Cash, comes from a chilling interpretation of criminal liability likely to have wider ramifications for crypto.
The Dutch court’s guilty verdict means Pertsev must now serve a sentence of five years and four months for money laundering through Tornado Cash. This is despite the…
https://cryptoinsight.ae/tornado-cash-verdict-has-chilling-implications-for-crypto-industry/
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The conviction of Alexey Pertsev, a developer of coin-mixing protocol Tornado Cash, comes from a chilling interpretation of criminal liability likely to have wider ramifications for crypto.
The Dutch court’s guilty verdict means Pertsev must now serve a sentence of five years and four months for money laundering through Tornado Cash. This is despite the…
https://cryptoinsight.ae/tornado-cash-verdict-has-chilling-implications-for-crypto-industry/
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Ethereum dev’s paid EigenLayer role sparks debate on ‘conflicted incentives’
An Ethereum Foundation researcher’s decision to take a paid adviser role for the foundation behind EigenLayer has sparked criticism on social media, with one commentator suggesting it could create “conflicted incentives.”
In a lengthy May 19 X post, Ethereum researcher Justin Drake disclosed he had taken an adviser role at EigenFoundation that “comes with a…
https://cryptoinsight.ae/ethereum-devs-paid-eigenlayer-role-sparks-debate-on-conflicted-incentives/
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An Ethereum Foundation researcher’s decision to take a paid adviser role for the foundation behind EigenLayer has sparked criticism on social media, with one commentator suggesting it could create “conflicted incentives.”
In a lengthy May 19 X post, Ethereum researcher Justin Drake disclosed he had taken an adviser role at EigenFoundation that “comes with a…
https://cryptoinsight.ae/ethereum-devs-paid-eigenlayer-role-sparks-debate-on-conflicted-incentives/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.74 Trillion, a 8.3% change in the last 24 hours
Bitcoin ~ $70,951.73 (5.9%)
Ethereum ~ $3,668.10 (17.5%)
Solana ~ $183.15 (4.8%)
Polkadot ~ $7.46 (6.4%)
Flow ~ $0.9461 (7.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.74 Trillion, a 8.3% change in the last 24 hours
Bitcoin ~ $70,951.73 (5.9%)
Ethereum ~ $3,668.10 (17.5%)
Solana ~ $183.15 (4.8%)
Polkadot ~ $7.46 (6.4%)
Flow ~ $0.9461 (7.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum price soars on spot ETF rumor — How are ETH options markets positioned?
On May 20, the price of Ether surged over 18% after Eric Balchunas, a senior analyst at Bloomberg, raised the approval odds for the Ethereum exchange-traded fund (ETF) from 25% to 75%. Balchunas noted that the United States Securities and Exchange Commission likely faced political pressure, as their previous position showed little engagement with ETF…
https://cryptoinsight.ae/ethereum-price-soars-on-spot-etf-rumor-how-are-eth-options-markets-positioned/
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On May 20, the price of Ether surged over 18% after Eric Balchunas, a senior analyst at Bloomberg, raised the approval odds for the Ethereum exchange-traded fund (ETF) from 25% to 75%. Balchunas noted that the United States Securities and Exchange Commission likely faced political pressure, as their previous position showed little engagement with ETF…
https://cryptoinsight.ae/ethereum-price-soars-on-spot-etf-rumor-how-are-eth-options-markets-positioned/
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White paper that birthed crypto ZK-proofs receives IEEE ‘Test of Time’ award
A decade-old research paper seen as a “blueprint” for the first practical use of zero-knowledge proofs (ZK-proofs) has received an award from the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organization.
According to an announcement shared with Cointelegraph, the “genesis paper” — “Zerocash: Decentralized Anonymous Payments from Bitcoin” — helped…
https://cryptoinsight.ae/white-paper-that-birthed-crypto-zk-proofs-receives-ieee-test-of-time-award/
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A decade-old research paper seen as a “blueprint” for the first practical use of zero-knowledge proofs (ZK-proofs) has received an award from the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organization.
According to an announcement shared with Cointelegraph, the “genesis paper” — “Zerocash: Decentralized Anonymous Payments from Bitcoin” — helped…
https://cryptoinsight.ae/white-paper-that-birthed-crypto-zk-proofs-receives-ieee-test-of-time-award/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.74 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,907.10 (-1.8%)
Ethereum ~ $3,760.08 (2.8%)
Solana ~ $181.79 (-0.5%)
Polkadot ~ $7.59 (1.0%)
Flow ~ $0.9597 (0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.74 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,907.10 (-1.8%)
Ethereum ~ $3,760.08 (2.8%)
Solana ~ $181.79 (-0.5%)
Polkadot ~ $7.59 (1.0%)
Flow ~ $0.9597 (0.5%)
Follow and subscribe - @GulfCryptoInsight
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Degen token surges 17% on Farcaster’s $150M Series A raise
Farcaster community-created token Degen (DEGEN) jumped 17% after the blockchain-based social platform confirmed it raised $150 million in its latest funding round.
The Series A round was led by venture firm Paradigm with participation from Andreessen Horowitz, Haun, USV, Variant and Standard Crypto. Farcaster founder Dan Romero said in a May 21 X post the…
https://cryptoinsight.ae/degen-token-surges-17-on-farcasters-150m-series-a-raise/
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Farcaster community-created token Degen (DEGEN) jumped 17% after the blockchain-based social platform confirmed it raised $150 million in its latest funding round.
The Series A round was led by venture firm Paradigm with participation from Andreessen Horowitz, Haun, USV, Variant and Standard Crypto. Farcaster founder Dan Romero said in a May 21 X post the…
https://cryptoinsight.ae/degen-token-surges-17-on-farcasters-150m-series-a-raise/
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‘It’s happening’ — 5 Ethereum ETF bidders amend SEC filings
Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the Securities and Exchange Commission.
Several filings show changes from asset managers Fidelity, VanEck, and Franklin Templeton along with joint applications from Galaxy and Invesco, and ARK Invest and 21Shares.
The amendments saw Fidelity, Franklin Templeton and…
https://cryptoinsight.ae/its-happening-5-ethereum-etf-bidders-amend-sec-filings/
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Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the Securities and Exchange Commission.
Several filings show changes from asset managers Fidelity, VanEck, and Franklin Templeton along with joint applications from Galaxy and Invesco, and ARK Invest and 21Shares.
The amendments saw Fidelity, Franklin Templeton and…
https://cryptoinsight.ae/its-happening-5-ethereum-etf-bidders-amend-sec-filings/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin proposes solutions for Ethereum’s MEV problem
On May 17, Ethereum co-founder Vitalik Buterin proposed a unique solution to combat Ethereum’s miner extracted value (MEV) problem.
Miner extracted value refers to a practice where block producers seek to maximize profits by using intricate market strategies to arrange transactions within a block. Buterin provided one such example:
“Consider decentralized exchanges like Uniswap. Suppose…
https://cryptoinsight.ae/vitalik-buterin-proposes-solutions-for-ethereums-mev-problem/
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On May 17, Ethereum co-founder Vitalik Buterin proposed a unique solution to combat Ethereum’s miner extracted value (MEV) problem.
Miner extracted value refers to a practice where block producers seek to maximize profits by using intricate market strategies to arrange transactions within a block. Buterin provided one such example:
“Consider decentralized exchanges like Uniswap. Suppose…
https://cryptoinsight.ae/vitalik-buterin-proposes-solutions-for-ethereums-mev-problem/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $69,338.64 (-0.6%)
Ethereum ~ $3,769.53 (0.4%)
Solana ~ $177.47 (-0.4%)
Polkadot ~ $7.55 (-0.2%)
Flow ~ $0.9434 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $69,338.64 (-0.6%)
Ethereum ~ $3,769.53 (0.4%)
Solana ~ $177.47 (-0.4%)
Polkadot ~ $7.55 (-0.2%)
Flow ~ $0.9434 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
FIT21 crypto bill passes US House: Here’s what could happen next
A bill clarifying the United States securities and commodities regulator’s roles in policing crypto is headed to an unknown future as it makes its way to the Senate before hitting U.S. President Joe Biden’s desk.
The Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21), or H.R. 4763, passed the House on May…
https://cryptoinsight.ae/fit21-crypto-bill-passes-us-house-heres-what-could-happen-next/
Website | Twitter | LinkedIn | Telegram
A bill clarifying the United States securities and commodities regulator’s roles in policing crypto is headed to an unknown future as it makes its way to the Senate before hitting U.S. President Joe Biden’s desk.
The Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21), or H.R. 4763, passed the House on May…
https://cryptoinsight.ae/fit21-crypto-bill-passes-us-house-heres-what-could-happen-next/
Website | Twitter | LinkedIn | Telegram
Bitcoin support for MetaMask in the works? Company says ‘stay tuned’
Wallet application MetaMask is reportedly working to support native Bitcoin, joining several firms looking to expand services and products across the Bitcoin ecosystem.
The integration could be available in June and delivered in batches, with features expanding over time, notes a report citing sources familiar with the matter. In response to Cointelegraph, MetaMask has not…
https://cryptoinsight.ae/bitcoin-support-for-metamask-in-the-works-company-says-stay-tuned/
Website | Twitter | LinkedIn | Telegram
Wallet application MetaMask is reportedly working to support native Bitcoin, joining several firms looking to expand services and products across the Bitcoin ecosystem.
The integration could be available in June and delivered in batches, with features expanding over time, notes a report citing sources familiar with the matter. In response to Cointelegraph, MetaMask has not…
https://cryptoinsight.ae/bitcoin-support-for-metamask-in-the-works-company-says-stay-tuned/
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Bitcoin return to $73K could be a start to ‘escape velocity’ phase
A potential return of Bitcoin to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst.
Escape velocity is a term used in astrophysics to describe the minimum speed needed for an object to escape from the gravitational field of a celestial body, like a planet or moon,…
https://cryptoinsight.ae/bitcoin-return-to-73k-could-be-a-start-to-escape-velocity-phase/
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A potential return of Bitcoin to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst.
Escape velocity is a term used in astrophysics to describe the minimum speed needed for an object to escape from the gravitational field of a celestial body, like a planet or moon,…
https://cryptoinsight.ae/bitcoin-return-to-73k-could-be-a-start-to-escape-velocity-phase/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $67,485.57 (-2.8%)
Ethereum ~ $3,794.76 (0.5%)
Solana ~ $167.61 (-5.6%)
Polkadot ~ $7.15 (-5.2%)
Flow ~ $0.9281 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.67 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $67,485.57 (-2.8%)
Ethereum ~ $3,794.76 (0.5%)
Solana ~ $167.61 (-5.6%)
Polkadot ~ $7.15 (-5.2%)
Flow ~ $0.9281 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Spot Ether ETFs receive official approval from the SEC
In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States.
Ina May 23 filing, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise — approving…
https://cryptoinsight.ae/spot-ether-etfs-receive-official-approval-from-the-sec/
Website | Twitter | LinkedIn | Telegram
In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States.
Ina May 23 filing, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise — approving…
https://cryptoinsight.ae/spot-ether-etfs-receive-official-approval-from-the-sec/
Website | Twitter | LinkedIn | Telegram