Corporate adoption is in ‘amateur league’ despite Bitcoin ETFs
Corporate adoption and trust in the cryptocurrency industry are still in their infancy, despite the previous approval of the first spot Bitcoin exchange-traded funds (ETFs).
The regulatory approval of the first spot Bitcoin ETFs in the United States was considered a turning point for the legitimacy of the crypto industry, introducing the first publicly traded…
https://cryptoinsight.ae/corporate-adoption-is-in-amateur-league-despite-bitcoin-etfs/
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Corporate adoption and trust in the cryptocurrency industry are still in their infancy, despite the previous approval of the first spot Bitcoin exchange-traded funds (ETFs).
The regulatory approval of the first spot Bitcoin ETFs in the United States was considered a turning point for the legitimacy of the crypto industry, introducing the first publicly traded…
https://cryptoinsight.ae/corporate-adoption-is-in-amateur-league-despite-bitcoin-etfs/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $65,480.16 (-0.3%)
Ethereum ~ $3,554.90 (3.0%)
Solana ~ $140.26 (2.4%)
Polkadot ~ $5.91 (2.1%)
Flow ~ $0.6228 (2.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $65,480.16 (-0.3%)
Ethereum ~ $3,554.90 (3.0%)
Solana ~ $140.26 (2.4%)
Polkadot ~ $5.91 (2.1%)
Flow ~ $0.6228 (2.6%)
Follow and subscribe - @GulfCryptoInsight
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SEC to drop investigation into Ethereum — Consensys
The United States Securities and Exchange Commission (SEC) is dropping its investigation into whether Ether is a security.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Ethereum developer Consensys said in a June 19 X post.
“This means that the SEC will not bring charges…
https://cryptoinsight.ae/sec-to-drop-investigation-into-ethereum-consensys/
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The United States Securities and Exchange Commission (SEC) is dropping its investigation into whether Ether is a security.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Ethereum developer Consensys said in a June 19 X post.
“This means that the SEC will not bring charges…
https://cryptoinsight.ae/sec-to-drop-investigation-into-ethereum-consensys/
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Fox, Time use blockchain to combat fake news
Fox Corporation and the global media brand Time have partnered to use Fox’s Verify protocol to make content licensing and verification immutable.
The collaborative effort aims to ensure journalism’s authenticity and combat misinformation in the press.
Mark Howard, Time’s chief operating officer, emphasized this goal, stating:
“Time is proud to join Fox’s Verify as an…
https://cryptoinsight.ae/fox-time-use-blockchain-to-combat-fake-news/
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Fox Corporation and the global media brand Time have partnered to use Fox’s Verify protocol to make content licensing and verification immutable.
The collaborative effort aims to ensure journalism’s authenticity and combat misinformation in the press.
Mark Howard, Time’s chief operating officer, emphasized this goal, stating:
“Time is proud to join Fox’s Verify as an…
https://cryptoinsight.ae/fox-time-use-blockchain-to-combat-fake-news/
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MetaMask privacy updates: What users should know
Consensys, the company behind MetaMask, has updated its privacy policy to improve user consent, transparency and control of their personal data.
According to a press release shared with Cointelegraph, the changes aim to apply greater privacy and security measures for users of Consensys’ services, including MetaMask.
“As a blockchain software company whose mission is to…
https://cryptoinsight.ae/metamask-privacy-updates-what-users-should-know/
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Consensys, the company behind MetaMask, has updated its privacy policy to improve user consent, transparency and control of their personal data.
According to a press release shared with Cointelegraph, the changes aim to apply greater privacy and security measures for users of Consensys’ services, including MetaMask.
“As a blockchain software company whose mission is to…
https://cryptoinsight.ae/metamask-privacy-updates-what-users-should-know/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $65,522.01 (0.0%)
Ethereum ~ $3,581.18 (0.7%)
Solana ~ $136.32 (2.9%)
Polkadot ~ $5.91 (0.1%)
Flow ~ $0.6495 (4.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $65,522.01 (0.0%)
Ethereum ~ $3,581.18 (0.7%)
Solana ~ $136.32 (2.9%)
Polkadot ~ $5.91 (0.1%)
Flow ~ $0.6495 (4.4%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum (ETH) price fails to rally in the face of good news — Here is why
Ether has been under pressure since June 7, when it lost the $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change.
Some analysts believe that the primary reason for the bearish momentum is a lack of institutional demand for cryptocurrencies. Others attribute it…
https://cryptoinsight.ae/ethereum-eth-price-fails-to-rally-in-the-face-of-good-news-here-is-why/
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Ether has been under pressure since June 7, when it lost the $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change.
Some analysts believe that the primary reason for the bearish momentum is a lack of institutional demand for cryptocurrencies. Others attribute it…
https://cryptoinsight.ae/ethereum-eth-price-fails-to-rally-in-the-face-of-good-news-here-is-why/
Website | Twitter | LinkedIn | Telegram
Iran to launch public CBDC pilot in June
The Central Bank of Iran (CBI) is launching a national digital currency in a public pilot targeting domestic micropayments.
On June 18, the CBI officially announced the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the digital rial.
As part of the pilot, the Iranian digital currency will be available to…
https://cryptoinsight.ae/iran-to-launch-public-cbdc-pilot-in-june/
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The Central Bank of Iran (CBI) is launching a national digital currency in a public pilot targeting domestic micropayments.
On June 18, the CBI officially announced the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the digital rial.
As part of the pilot, the Iranian digital currency will be available to…
https://cryptoinsight.ae/iran-to-launch-public-cbdc-pilot-in-june/
Website | Twitter | LinkedIn | Telegram
Bitcoin block size hits yearly low: Impact of BTC halving?
The Bitcoin network has experienced a significant decline in its average block size and transaction rates, coinciding with a fall in price to around $64,100.
The drop in block size — the measure of transaction data included in each block — indicates a sharp fall in Bitcoin blockchain activity, which hit a yearly low on…
https://cryptoinsight.ae/bitcoin-block-size-hits-yearly-low-impact-of-btc-halving/
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The Bitcoin network has experienced a significant decline in its average block size and transaction rates, coinciding with a fall in price to around $64,100.
The drop in block size — the measure of transaction data included in each block — indicates a sharp fall in Bitcoin blockchain activity, which hit a yearly low on…
https://cryptoinsight.ae/bitcoin-block-size-hits-yearly-low-impact-of-btc-halving/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.48 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $64,583.97 (-1.4%)
Ethereum ~ $3,509.96 (-2.0%)
Solana ~ $132.41 (-2.8%)
Polkadot ~ $5.69 (-3.7%)
Flow ~ $0.6394 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.48 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $64,583.97 (-1.4%)
Ethereum ~ $3,509.96 (-2.0%)
Solana ~ $132.41 (-2.8%)
Polkadot ~ $5.69 (-3.7%)
Flow ~ $0.6394 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
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ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.”
Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops.
Upon its launch…
https://cryptoinsight.ae/zro-token-falls-17-amid-controversy-over-layerzeros-not-an-airdrop/
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Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.”
Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops.
Upon its launch…
https://cryptoinsight.ae/zro-token-falls-17-amid-controversy-over-layerzeros-not-an-airdrop/
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Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch
LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior.
LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to…
https://cryptoinsight.ae/arbitrum-daily-revenue-surges-16500-after-layerzeros-zro-launch/
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LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior.
LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to…
https://cryptoinsight.ae/arbitrum-daily-revenue-surges-16500-after-layerzeros-zro-launch/
Website | Twitter | LinkedIn | Telegram
BNB Chain activates hard fork, reduces fees
BNB Chain activated its Haber hard fork which introduces BNB Evolution Proposal (BEP)-336 to optimize data storage and processing on the network.
On June 20, the blockchain network announced that it successfully activated the hard fork, claiming a 90% reduction in blockchain fees. BEP 336, which takes inspiration from the Ethereum Improvement Proposal (EIP)-4844, enables…
https://cryptoinsight.ae/bnb-chain-activates-hard-fork-reduces-fees/
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BNB Chain activated its Haber hard fork which introduces BNB Evolution Proposal (BEP)-336 to optimize data storage and processing on the network.
On June 20, the blockchain network announced that it successfully activated the hard fork, claiming a 90% reduction in blockchain fees. BEP 336, which takes inspiration from the Ethereum Improvement Proposal (EIP)-4844, enables…
https://cryptoinsight.ae/bnb-chain-activates-hard-fork-reduces-fees/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $64,385.38 (-0.4%)
Ethereum ~ $3,503.69 (-0.2%)
Solana ~ $136.13 (2.8%)
Polkadot ~ $5.60 (-1.5%)
Flow ~ $0.63 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $64,385.38 (-0.4%)
Ethereum ~ $3,503.69 (-0.2%)
Solana ~ $136.13 (2.8%)
Polkadot ~ $5.60 (-1.5%)
Flow ~ $0.63 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin price bouce will occur when ‘weak hands’ capitulate and hashrate recovers
Bitcoin has been in a downtrend for over two weeks and now trades 13.8% below its all-time high of $73,835, reached on March 14. Analysts argue that BTC must recover its hashrate and shake off “weak hands” to end the downtrend.
Independent analyst Willy Woo noted that Bitcoin’s price would only recover when “weak miners…
https://cryptoinsight.ae/bitcoin-price-bouce-will-occur-when-weak-hands-capitulate-and-hashrate-recovers/
Website | Twitter | LinkedIn | Telegram
Bitcoin has been in a downtrend for over two weeks and now trades 13.8% below its all-time high of $73,835, reached on March 14. Analysts argue that BTC must recover its hashrate and shake off “weak hands” to end the downtrend.
Independent analyst Willy Woo noted that Bitcoin’s price would only recover when “weak miners…
https://cryptoinsight.ae/bitcoin-price-bouce-will-occur-when-weak-hands-capitulate-and-hashrate-recovers/
Website | Twitter | LinkedIn | Telegram
Is Standard Chartered setting up a Bitcoin, Ether trading desk?
Multinational bank Standard Chartered may be working to launch a Bitcoin and Ether trading desk.
If launched, this would make the bank one of the first global banking institutions to get into spot crypto trading.
Standard Chartered on BTC and ETH trading desk
On June 21, Bloomberg reported that the crypto desk will soon begin…
https://cryptoinsight.ae/is-standard-chartered-setting-up-a-bitcoin-ether-trading-desk/
Website | Twitter | LinkedIn | Telegram
Multinational bank Standard Chartered may be working to launch a Bitcoin and Ether trading desk.
If launched, this would make the bank one of the first global banking institutions to get into spot crypto trading.
Standard Chartered on BTC and ETH trading desk
On June 21, Bloomberg reported that the crypto desk will soon begin…
https://cryptoinsight.ae/is-standard-chartered-setting-up-a-bitcoin-ether-trading-desk/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $64,357.89 (0.0%)
Ethereum ~ $3,509.04 (0.2%)
Solana ~ $134.46 (-1.2%)
Polkadot ~ $5.76 (2.6%)
Flow ~ $0.6323 (0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.47 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $64,357.89 (0.0%)
Ethereum ~ $3,509.04 (0.2%)
Solana ~ $134.46 (-1.2%)
Polkadot ~ $5.76 (2.6%)
Flow ~ $0.6323 (0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
1,590 CoinStats crypto wallets ‘affected’ in security breach
Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity following a security breach that affected 1,590 crypto wallets.
“The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” CoinStats wrote in a June 22 X post.
“Thanks to the immediate incident response from the CoinStats team, only…
https://cryptoinsight.ae/1590-coinstats-crypto-wallets-affected-in-security-breach/
Website | Twitter | LinkedIn | Telegram
Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity following a security breach that affected 1,590 crypto wallets.
“The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” CoinStats wrote in a June 22 X post.
“Thanks to the immediate incident response from the CoinStats team, only…
https://cryptoinsight.ae/1590-coinstats-crypto-wallets-affected-in-security-breach/
Website | Twitter | LinkedIn | Telegram
Blockchain to enable universal reward system for loyalty programs: Interview with Aria Oh
Loyalty programs had come a long way from the copper tokens of the late 18th century. Modern programs don’t even require customers to carry stamp cards around — most processes operate through mobile apps and digitized systems.
However, the convenience of establishing a loyalty program through a simple app also brought unwanted complexity and fragmentation…
https://cryptoinsight.ae/blockchain-to-enable-universal-reward-system-for-loyalty-programs-interview-with-aria-oh/
Website | Twitter | LinkedIn | Telegram
Loyalty programs had come a long way from the copper tokens of the late 18th century. Modern programs don’t even require customers to carry stamp cards around — most processes operate through mobile apps and digitized systems.
However, the convenience of establishing a loyalty program through a simple app also brought unwanted complexity and fragmentation…
https://cryptoinsight.ae/blockchain-to-enable-universal-reward-system-for-loyalty-programs-interview-with-aria-oh/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $62,336.58 (-3.3%)
Ethereum ~ $3,379.07 (-3.8%)
Solana ~ $124.61 (-7.3%)
Polkadot ~ $5.61 (-2.6%)
Flow ~ $0.6061 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $62,336.58 (-3.3%)
Ethereum ~ $3,379.07 (-3.8%)
Solana ~ $124.61 (-7.3%)
Polkadot ~ $5.61 (-2.6%)
Flow ~ $0.6061 (-4.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram