Who governs Ethereum? Galaxy report reveals all
Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting.
Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold the keys to Ethereum’s governance.
Speaking with Cointelegraph on the risks…
https://cryptoinsight.ae/who-governs-ethereum-galaxy-report-reveals-all/
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Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting.
Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold the keys to Ethereum’s governance.
Speaking with Cointelegraph on the risks…
https://cryptoinsight.ae/who-governs-ethereum-galaxy-report-reveals-all/
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Germans split on digital euro, most don’t know what it is: Survey
Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is.
Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the…
https://cryptoinsight.ae/germans-split-on-digital-euro-most-dont-know-what-it-is-survey/
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Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is.
Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the…
https://cryptoinsight.ae/germans-split-on-digital-euro-most-dont-know-what-it-is-survey/
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SEC Ethereum ETF decision unlikely driven by politics: Bernstein
The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein.
One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May…
https://cryptoinsight.ae/sec-ethereum-etf-decision-unlikely-driven-by-politics-bernstein/
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The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein.
One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May…
https://cryptoinsight.ae/sec-ethereum-etf-decision-unlikely-driven-by-politics-bernstein/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.78 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $70,873.82 (-0.1%)
Ethereum ~ $3,854.03 (1.7%)
Solana ~ $172.67 (-0.2%)
Polkadot ~ $7.18 (-0.3%)
Flow ~ $0.9226 (-0.5%)
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Day started from:
The global cryptocurrency market cap today is $2.78 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $70,873.82 (-0.1%)
Ethereum ~ $3,854.03 (1.7%)
Solana ~ $172.67 (-0.2%)
Polkadot ~ $7.18 (-0.3%)
Flow ~ $0.9226 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
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UAE central bank approves licensing system for stablecoins
The board of directors of the Central Bank of the United Arab Emirates (CBUAE) approved the issuance of a new system to oversee and license stablecoins.
In a meeting in Abu Dhabi, the board reportedly discussed projects under the government’s financial infrastructure transformation (FIT) program. The initiative aims to boost digital transactions, advance the country’s…
https://cryptoinsight.ae/uae-central-bank-approves-licensing-system-for-stablecoins/
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The board of directors of the Central Bank of the United Arab Emirates (CBUAE) approved the issuance of a new system to oversee and license stablecoins.
In a meeting in Abu Dhabi, the board reportedly discussed projects under the government’s financial infrastructure transformation (FIT) program. The initiative aims to boost digital transactions, advance the country’s…
https://cryptoinsight.ae/uae-central-bank-approves-licensing-system-for-stablecoins/
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Coinbase rolls out smart wallet with no gas fees and easy onboarding
Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary.
Smart wallets overcome complexity
The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a…
https://cryptoinsight.ae/coinbase-rolls-out-smart-wallet-with-no-gas-fees-and-easy-onboarding/
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Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary.
Smart wallets overcome complexity
The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a…
https://cryptoinsight.ae/coinbase-rolls-out-smart-wallet-with-no-gas-fees-and-easy-onboarding/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.78 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $71,243.20 (0.4%)
Ethereum ~ $3,815.12 (-0.9%)
Solana ~ $171.99 (-0.1%)
Polkadot ~ $7.17 (0.0%)
Flow ~ $0.9187 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.78 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $71,243.20 (0.4%)
Ethereum ~ $3,815.12 (-0.9%)
Solana ~ $171.99 (-0.1%)
Polkadot ~ $7.17 (0.0%)
Flow ~ $0.9187 (-0.2%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum ETF launch date depends on issuers, not SEC: Gensler
The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On…
https://cryptoinsight.ae/ethereum-etf-launch-date-depends-on-issuers-not-sec-gensler/
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The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On…
https://cryptoinsight.ae/ethereum-etf-launch-date-depends-on-issuers-not-sec-gensler/
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Unstoppable Domains to apply for ‘.blockchain’ domain registration
Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The…
https://cryptoinsight.ae/unstoppable-domains-to-apply-for-blockchain-domain-registration/
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Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The…
https://cryptoinsight.ae/unstoppable-domains-to-apply-for-blockchain-domain-registration/
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What is market depth in crypto?
Market depth in cryptocurrency trading, explained
In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.
It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart…
https://cryptoinsight.ae/what-is-market-depth-in-crypto/
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Market depth in cryptocurrency trading, explained
In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.
It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart…
https://cryptoinsight.ae/what-is-market-depth-in-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $69,296.96 (-2.7%)
Ethereum ~ $3,680.42 (-3.5%)
Solana ~ $162.27 (-5.6%)
Polkadot ~ $6.61 (-7.8%)
Flow ~ $0.8461 (-7.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.69 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $69,296.96 (-2.7%)
Ethereum ~ $3,680.42 (-3.5%)
Solana ~ $162.27 (-5.6%)
Polkadot ~ $6.61 (-7.8%)
Flow ~ $0.8461 (-7.9%)
Follow and subscribe - @GulfCryptoInsight
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Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel.
Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…
https://cryptoinsight.ae/impact-of-shifting-sec-policy-on-eth-yet-to-be-seen-consensys-sc/
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The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel.
Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…
https://cryptoinsight.ae/impact-of-shifting-sec-policy-on-eth-yet-to-be-seen-consensys-sc/
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Zilliqa 2.0 upgrade enhances speed and cross-chain compatibility
Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
New features in…
https://cryptoinsight.ae/zilliqa-2-0-upgrade-enhances-speed-and-cross-chain-compatibility/
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Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
New features in…
https://cryptoinsight.ae/zilliqa-2-0-upgrade-enhances-speed-and-cross-chain-compatibility/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $69,357.56 (0.0%)
Ethereum ~ $3,687.94 (0.1%)
Solana ~ $159.25 (-2.0%)
Polkadot ~ $6.43 (-2.8%)
Flow ~ $0.8041 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $69,357.56 (0.0%)
Ethereum ~ $3,687.94 (0.1%)
Solana ~ $159.25 (-2.0%)
Polkadot ~ $6.43 (-2.8%)
Flow ~ $0.8041 (-5.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Friend.tech’s plan to develop own blockchain leaves users confused
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked…
https://cryptoinsight.ae/friend-techs-plan-to-develop-own-blockchain-leaves-users-confused/
Website | Twitter | LinkedIn | Telegram
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked…
https://cryptoinsight.ae/friend-techs-plan-to-develop-own-blockchain-leaves-users-confused/
Website | Twitter | LinkedIn | Telegram
ZkSync’s Gemholic project suspected $3.5M rug pull
The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network.
Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.
In the X post, NSerec claimed that Gemholic had deceived its…
https://cryptoinsight.ae/zksyncs-gemholic-project-suspected-3-5m-rug-pull/
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The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network.
Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.
In the X post, NSerec claimed that Gemholic had deceived its…
https://cryptoinsight.ae/zksyncs-gemholic-project-suspected-3-5m-rug-pull/
Website | Twitter | LinkedIn | Telegram
Binance reaches 200M users with $100B in assets under custody
Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
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Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Base TVL surges to $8B just days after overtaking OP Mainnet
Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
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Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
Website | Twitter | LinkedIn | Telegram
Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO
Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
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Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
Website | Twitter | LinkedIn | Telegram