Fantom unveils Sonic Foundation for new Sonic Chain
The Fantom Foundation, the organization behind the Fantom decentralized network, recently announced the creation of a new foundation for facilitating the launch of their new, upcoming Sonic chain.
On May, 23, Fantom Foundation CEO Michael Kong announced the new foundation on the blockchain network’s blog. Kong wrote:
“Our team is steadfast in exploring how the…
https://cryptoinsight.ae/fantom-unveils-sonic-foundation-for-new-sonic-chain/
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The Fantom Foundation, the organization behind the Fantom decentralized network, recently announced the creation of a new foundation for facilitating the launch of their new, upcoming Sonic chain.
On May, 23, Fantom Foundation CEO Michael Kong announced the new foundation on the blockchain network’s blog. Kong wrote:
“Our team is steadfast in exploring how the…
https://cryptoinsight.ae/fantom-unveils-sonic-foundation-for-new-sonic-chain/
Website | Twitter | LinkedIn | Telegram
SEC’s ETF decision means ETH and ’a lot’ of other tokens are not securities
The approval of spot Ether (ETH) exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission that Ether is not a security, according to industry pundits.
One even suggests this could extend to other tokens as well.
“These are commodities-based trust shares, so the SEC, by approving these, is explicitly saying they’re…
https://cryptoinsight.ae/secs-etf-decision-means-eth-and-a-lot-of-other-tokens-are-not-securities/
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The approval of spot Ether (ETH) exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission that Ether is not a security, according to industry pundits.
One even suggests this could extend to other tokens as well.
“These are commodities-based trust shares, so the SEC, by approving these, is explicitly saying they’re…
https://cryptoinsight.ae/secs-etf-decision-means-eth-and-a-lot-of-other-tokens-are-not-securities/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.7 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $68,659.68 (2.4%)
Ethereum ~ $3,752.19 (1.6%)
Solana ~ $169.01 (2.1%)
Polkadot ~ $7.29 (3.0%)
Flow ~ $0.9492 (3.4%)
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Day started from:
The global cryptocurrency market cap today is $2.7 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $68,659.68 (2.4%)
Ethereum ~ $3,752.19 (1.6%)
Solana ~ $169.01 (2.1%)
Polkadot ~ $7.29 (3.0%)
Flow ~ $0.9492 (3.4%)
Follow and subscribe - @GulfCryptoInsight
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Spot Ether ETFs approved, but Gary Gensler didn’t vote for them — Here’s why
The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January.
Unlike the spot Bitcoin ETFs approved via voting by a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by…
https://cryptoinsight.ae/spot-ether-etfs-approved-but-gary-gensler-didnt-vote-for-them-heres-why/
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The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January.
Unlike the spot Bitcoin ETFs approved via voting by a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by…
https://cryptoinsight.ae/spot-ether-etfs-approved-but-gary-gensler-didnt-vote-for-them-heres-why/
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UAE agriculture authority prohibits crypto mining on farms: Report
The authority on agriculture in Abu Dhabi, United Arab Emirates (UAE) issued an advisory to farmers prohibiting mining crypto on farms.
The Abu Dhabi Agriculture and Food Safety Authority reportedly told farmers that farms cannot be used as a site for mining cryptocurrencies. The government agency said the activity is considered a “misuse of the…
https://cryptoinsight.ae/uae-agriculture-authority-prohibits-crypto-mining-on-farms-report/
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The authority on agriculture in Abu Dhabi, United Arab Emirates (UAE) issued an advisory to farmers prohibiting mining crypto on farms.
The Abu Dhabi Agriculture and Food Safety Authority reportedly told farmers that farms cannot be used as a site for mining cryptocurrencies. The government agency said the activity is considered a “misuse of the…
https://cryptoinsight.ae/uae-agriculture-authority-prohibits-crypto-mining-on-farms-report/
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Ethereum Foundation to have conflict of interest policy after EigenLayer crossovers
The Ethereum Foundation will institute a policy on conflicts of interest, executive director Aya Miyaguchi said on May 24. The announcement came in response to controversy in the crypto community over connections between the foundation and EigenLayer developers.
Two Ethereum researchers joined the ranks of paid advisers at the EigenFoundation in the week preceding Miyaguchi’s…
https://cryptoinsight.ae/ethereum-foundation-to-have-conflict-of-interest-policy-after-eigenlayer-crossovers/
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The Ethereum Foundation will institute a policy on conflicts of interest, executive director Aya Miyaguchi said on May 24. The announcement came in response to controversy in the crypto community over connections between the foundation and EigenLayer developers.
Two Ethereum researchers joined the ranks of paid advisers at the EigenFoundation in the week preceding Miyaguchi’s…
https://cryptoinsight.ae/ethereum-foundation-to-have-conflict-of-interest-policy-after-eigenlayer-crossovers/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $69,099.47 (0.6%)
Ethereum ~ $3,757.13 (0.0%)
Solana ~ $166.73 (-1.4%)
Polkadot ~ $7.40 (1.5%)
Flow ~ $0.9334 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $69,099.47 (0.6%)
Ethereum ~ $3,757.13 (0.0%)
Solana ~ $166.73 (-1.4%)
Polkadot ~ $7.40 (1.5%)
Flow ~ $0.9334 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
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Spot Ethereum ETF approval ‘may be better for Bitcoin’ — Michael Saylor
MicroStrategy founder Michael Saylor has changed his tone on spot Ether exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin as well.
“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for…
https://cryptoinsight.ae/spot-ethereum-etf-approval-may-be-better-for-bitcoin-michael-saylor/
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MicroStrategy founder Michael Saylor has changed his tone on spot Ether exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin as well.
“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for…
https://cryptoinsight.ae/spot-ethereum-etf-approval-may-be-better-for-bitcoin-michael-saylor/
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Don’t jump to conclusions about ETH ‘pullbacks’ — Traders
Traders are skeptical about assuming that the price of Ether will decline after the launch of spot Ether exchange-traded funds (ETFs), similar to what happened with Bitcoin, after spot Bitcoin ETFs started trading.
“I think there is less likelihood of a selloff here after the ETH ETF compared to the BTC ETF,” crypto trader Matthew…
https://cryptoinsight.ae/dont-jump-to-conclusions-about-eth-pullbacks-traders/
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Traders are skeptical about assuming that the price of Ether will decline after the launch of spot Ether exchange-traded funds (ETFs), similar to what happened with Bitcoin, after spot Bitcoin ETFs started trading.
“I think there is less likelihood of a selloff here after the ETH ETF compared to the BTC ETF,” crypto trader Matthew…
https://cryptoinsight.ae/dont-jump-to-conclusions-about-eth-pullbacks-traders/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $68,514.43 (-0.8%)
Ethereum ~ $3,909.56 (4.1%)
Solana ~ $165.17 (-0.9%)
Polkadot ~ $7.41 (0.1%)
Flow ~ $0.921 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $68,514.43 (-0.8%)
Ethereum ~ $3,909.56 (4.1%)
Solana ~ $165.17 (-0.9%)
Polkadot ~ $7.41 (0.1%)
Flow ~ $0.921 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
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Traders hope for ‘insane pump’ as altcoins approach key resistance levels
Analysts are speculating again about a potential start to altseason after a recent surge in total altcoin market capitalization — including Ether — which is now approaching a key resistance level.
Crypto traders and analysts have been eyeing altcoins following Ether’s 27% gain over the past seven days.
Altcoin total market capitalization is currently around…
https://cryptoinsight.ae/traders-hope-for-insane-pump-as-altcoins-approach-key-resistance-levels/
Website | Twitter | LinkedIn | Telegram
Analysts are speculating again about a potential start to altseason after a recent surge in total altcoin market capitalization — including Ether — which is now approaching a key resistance level.
Crypto traders and analysts have been eyeing altcoins following Ether’s 27% gain over the past seven days.
Altcoin total market capitalization is currently around…
https://cryptoinsight.ae/traders-hope-for-insane-pump-as-altcoins-approach-key-resistance-levels/
Website | Twitter | LinkedIn | Telegram
Aptos hits all-time high in user transactions
The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of…
https://cryptoinsight.ae/aptos-hits-all-time-high-in-user-transactions/
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The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of…
https://cryptoinsight.ae/aptos-hits-all-time-high-in-user-transactions/
Website | Twitter | LinkedIn | Telegram
Normie memecoin team mulls hacker demands after token falls 99%
The team behind Base memecoin Normie (NORMIE) says it is negotiating with its hacker to return 90% of funds stolen due to a smart contract vulnerability — leading to a $41.7 million plunge in the token’s market cap in less than three hours.
Blockchain analytics firm Lookonchain was one of the first to spot the…
https://cryptoinsight.ae/normie-memecoin-team-mulls-hacker-demands-after-token-falls-99/
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The team behind Base memecoin Normie (NORMIE) says it is negotiating with its hacker to return 90% of funds stolen due to a smart contract vulnerability — leading to a $41.7 million plunge in the token’s market cap in less than three hours.
Blockchain analytics firm Lookonchain was one of the first to spot the…
https://cryptoinsight.ae/normie-memecoin-team-mulls-hacker-demands-after-token-falls-99/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,830.27 (-1.0%)
Ethereum ~ $3,853.86 (-1.3%)
Solana ~ $166.70 (1.0%)
Polkadot ~ $7.40 (-0.1%)
Flow ~ $0.9315 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,830.27 (-1.0%)
Ethereum ~ $3,853.86 (-1.3%)
Solana ~ $166.70 (1.0%)
Polkadot ~ $7.40 (-0.1%)
Flow ~ $0.9315 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin exchange-traded products now hold over 1 million BTC
Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.
Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.
According to data…
https://cryptoinsight.ae/bitcoin-exchange-traded-products-now-hold-over-1-million-btc/
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Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.
Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.
According to data…
https://cryptoinsight.ae/bitcoin-exchange-traded-products-now-hold-over-1-million-btc/
Website | Twitter | LinkedIn | Telegram
Bitcoin dips 2% as Mt. Gox wallets move over $7B to unknown wallet
Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour.
The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before…
https://cryptoinsight.ae/bitcoin-dips-2-as-mt-gox-wallets-move-over-7b-to-unknown-wallet/
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Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour.
The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before…
https://cryptoinsight.ae/bitcoin-dips-2-as-mt-gox-wallets-move-over-7b-to-unknown-wallet/
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EU Commission urged to prepare for blockchain and AI integration
The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI).
The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24.
The report, authored by the EUBOF…
https://cryptoinsight.ae/eu-commission-urged-to-prepare-for-blockchain-and-ai-integration/
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The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI).
The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24.
The report, authored by the EUBOF…
https://cryptoinsight.ae/eu-commission-urged-to-prepare-for-blockchain-and-ai-integration/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $68,574.86 (1.1%)
Ethereum ~ $3,864.77 (0.2%)
Solana ~ $172.56 (3.5%)
Polkadot ~ $7.52 (1.8%)
Flow ~ $0.9513 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $68,574.86 (1.1%)
Ethereum ~ $3,864.77 (0.2%)
Solana ~ $172.56 (3.5%)
Polkadot ~ $7.52 (1.8%)
Flow ~ $0.9513 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum ETFs to be Web3 growth ‘call option’ — Crypto analyst
Ether may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.
“ETH is a tech play on the growth of Web3.…
https://cryptoinsight.ae/ethereum-etfs-to-be-web3-growth-call-option-crypto-analyst/
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Ether may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.
“ETH is a tech play on the growth of Web3.…
https://cryptoinsight.ae/ethereum-etfs-to-be-web3-growth-call-option-crypto-analyst/
Website | Twitter | LinkedIn | Telegram
BlackRock adds own Bitcoin ETF to income and bond funds
BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to…
https://cryptoinsight.ae/blackrock-adds-own-bitcoin-etf-to-income-and-bond-funds/
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BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) snapped up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) made a $485,000 purchase, according to…
https://cryptoinsight.ae/blackrock-adds-own-bitcoin-etf-to-income-and-bond-funds/
Website | Twitter | LinkedIn | Telegram