Ethereum could fall 30% after spot ETH ETFs launch — Crypto VC
Ether could tumble to as low as $2,400 after the launch of spot Ether exchange-traded funds, says Andrew Kang, a founder and partner at crypto-focused venture capital firm Mechanism Capital.
According to CoinGecko, Ether is currently trading at $3,410. A tumble to $2,400 would be a nearly 30% drop from its current price.
In a…
https://cryptoinsight.ae/ethereum-could-fall-30-after-spot-eth-etfs-launch-crypto-vc/
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Ether could tumble to as low as $2,400 after the launch of spot Ether exchange-traded funds, says Andrew Kang, a founder and partner at crypto-focused venture capital firm Mechanism Capital.
According to CoinGecko, Ether is currently trading at $3,410. A tumble to $2,400 would be a nearly 30% drop from its current price.
In a…
https://cryptoinsight.ae/ethereum-could-fall-30-after-spot-eth-etfs-launch-crypto-vc/
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Bitcoin offers ‘economic immortality,’ will reach $10M per coin— Michael Saylor
Michael Saylor, the outspoken executive chairman and co-founder of business intelligence company MicroStrategy, recently sounded off on the virtues of Bitcoin — including claiming it’ll reach $10 million per coin and that the entire nation of China will get behind the cryptocurrency — in an 84-minute podcast interview.
https://youtu.be/A60jVnAIX40
Economic pseudoscience
In the above video’s…
https://cryptoinsight.ae/bitcoin-offers-economic-immortality-will-reach-10m-per-coin-michael-saylor/
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Michael Saylor, the outspoken executive chairman and co-founder of business intelligence company MicroStrategy, recently sounded off on the virtues of Bitcoin — including claiming it’ll reach $10 million per coin and that the entire nation of China will get behind the cryptocurrency — in an 84-minute podcast interview.
https://youtu.be/A60jVnAIX40
Economic pseudoscience
In the above video’s…
https://cryptoinsight.ae/bitcoin-offers-economic-immortality-will-reach-10m-per-coin-michael-saylor/
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EigenLayer enhances EigenDA security to combat Sybil attacks
EigenLayer has implemented an additional security feature for its EigenDA data availability service on the Ethereum mainnet to prevent Sybil and distributed denial of service attacks.
According to an X post from EigenDA, the whitelist security measure utilizes either an internet protocol address or Ethereum’s elliptic curve digital signature algorithm (ECDSA) authentication to ensure enhanced…
https://cryptoinsight.ae/eigenlayer-enhances-eigenda-security-to-combat-sybil-attacks/
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EigenLayer has implemented an additional security feature for its EigenDA data availability service on the Ethereum mainnet to prevent Sybil and distributed denial of service attacks.
According to an X post from EigenDA, the whitelist security measure utilizes either an internet protocol address or Ethereum’s elliptic curve digital signature algorithm (ECDSA) authentication to ensure enhanced…
https://cryptoinsight.ae/eigenlayer-enhances-eigenda-security-to-combat-sybil-attacks/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.38 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $61,028.95 (-1.9%)
Ethereum ~ $3,373.93 (-0.1%)
Solana ~ $135.67 (8.8%)
Polkadot ~ $5.79 (3.0%)
Flow ~ $0.6269 (3.4%)
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Day started from:
The global cryptocurrency market cap today is $2.38 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $61,028.95 (-1.9%)
Ethereum ~ $3,373.93 (-0.1%)
Solana ~ $135.67 (8.8%)
Polkadot ~ $5.79 (3.0%)
Flow ~ $0.6269 (3.4%)
Follow and subscribe - @GulfCryptoInsight
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‘Survival games’ as Bitcoin hash price skirts near all-time low
Bitcoin’s hash price, a crucial metric measuring miner revenue on a per terahash basis, is now near its lowest level ever recorded.
Data from Luxor Technology’s Hashrate Index shows Bitcoin’s hash price fell nearly 52% to $0.0459 per terahash second on June 24 after notching a two-month high of $0.095 on June 8.
It was…
https://cryptoinsight.ae/survival-games-as-bitcoin-hash-price-skirts-near-all-time-low/
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Bitcoin’s hash price, a crucial metric measuring miner revenue on a per terahash basis, is now near its lowest level ever recorded.
Data from Luxor Technology’s Hashrate Index shows Bitcoin’s hash price fell nearly 52% to $0.0459 per terahash second on June 24 after notching a two-month high of $0.095 on June 8.
It was…
https://cryptoinsight.ae/survival-games-as-bitcoin-hash-price-skirts-near-all-time-low/
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How multichain indexing boosts blockchain data processing and query performance
What are the key features of blockchain data structure?
Unlike centralized databases, a blockchain is a distributed ledger that records transactions across multiple computers, ensuring that no single entity has control. Since the records are stored in various locations, the data remains safe and accessible even if some network computers fail or are compromised.
Blockchain…
https://cryptoinsight.ae/how-multichain-indexing-boosts-blockchain-data-processing-and-query-performance/
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What are the key features of blockchain data structure?
Unlike centralized databases, a blockchain is a distributed ledger that records transactions across multiple computers, ensuring that no single entity has control. Since the records are stored in various locations, the data remains safe and accessible even if some network computers fail or are compromised.
Blockchain…
https://cryptoinsight.ae/how-multichain-indexing-boosts-blockchain-data-processing-and-query-performance/
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Coinbase is the most impersonated crypto brand by scammers: Report
Coinbase cryptocurrency exchange is the most impersonated brand by scammers and malicious actors in the Web3 space, according to a recent survey.
Among all United States crypto firms, the Coinbase brand was most impersonated in phishing attacks. Phishing attacks are online social schemes that aim to trick investors into willingly sending digital assets to the…
https://cryptoinsight.ae/coinbase-is-the-most-impersonated-crypto-brand-by-scammers-report/
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Coinbase cryptocurrency exchange is the most impersonated brand by scammers and malicious actors in the Web3 space, according to a recent survey.
Among all United States crypto firms, the Coinbase brand was most impersonated in phishing attacks. Phishing attacks are online social schemes that aim to trick investors into willingly sending digital assets to the…
https://cryptoinsight.ae/coinbase-is-the-most-impersonated-crypto-brand-by-scammers-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $61,600.77 (1.1%)
Ethereum ~ $3,391.62 (0.7%)
Solana ~ $137.17 (1.2%)
Polkadot ~ $5.83 (0.7%)
Flow ~ $0.632 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $61,600.77 (1.1%)
Ethereum ~ $3,391.62 (0.7%)
Solana ~ $137.17 (1.2%)
Polkadot ~ $5.83 (0.7%)
Flow ~ $0.632 (0.8%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
The process of launching the first spot Ether exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S.…
https://cryptoinsight.ae/ethereum-etf-process-is-going-smoothly-says-secs-gensler/
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The process of launching the first spot Ether exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S.…
https://cryptoinsight.ae/ethereum-etf-process-is-going-smoothly-says-secs-gensler/
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Blast airdrop to launch June 26, distributing 17% of supply to early users
Ethereum layer-2 Blast network will launch an airdrop for its early adopters on June 26, according to a June 25 social media post from the team. Seventeen percent of the total supply will be released in the airdrop, 7% of which will go to users who bridged either Ether or US Dollar Blast (USDB) to…
https://cryptoinsight.ae/blast-airdrop-to-launch-june-26-distributing-17-of-supply-to-early-users/
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Ethereum layer-2 Blast network will launch an airdrop for its early adopters on June 26, according to a June 25 social media post from the team. Seventeen percent of the total supply will be released in the airdrop, 7% of which will go to users who bridged either Ether or US Dollar Blast (USDB) to…
https://cryptoinsight.ae/blast-airdrop-to-launch-june-26-distributing-17-of-supply-to-early-users/
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Most profitable crypto sectors in first half of 2024 revealed
The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and newly emerging sectors scooping up the lion’s share of profits.
According to data from BitEye, CoinGecko, and Wu Blockchain, memecoins led the competition by recording a staggering 1,834% returns since the start of 2024.
In…
https://cryptoinsight.ae/most-profitable-crypto-sectors-in-first-half-of-2024-revealed/
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The most profitable sectors of the cryptocurrency industry in the first half of 2024 have been revealed, with memecoins and newly emerging sectors scooping up the lion’s share of profits.
According to data from BitEye, CoinGecko, and Wu Blockchain, memecoins led the competition by recording a staggering 1,834% returns since the start of 2024.
In…
https://cryptoinsight.ae/most-profitable-crypto-sectors-in-first-half-of-2024-revealed/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $60,812.19 (-1.2%)
Ethereum ~ $3,366.71 (-0.6%)
Solana ~ $136.10 (-0.5%)
Polkadot ~ $5.71 (-1.5%)
Flow ~ $0.6029 (-4.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $60,812.19 (-1.2%)
Ethereum ~ $3,366.71 (-0.6%)
Solana ~ $136.10 (-0.5%)
Polkadot ~ $5.71 (-1.5%)
Flow ~ $0.6029 (-4.7%)
Follow and subscribe - @GulfCryptoInsight
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Worldcoin partners with Alchemy to build blockchain infrastructurev
Worldcoin, the iris-scanning biometric digital identity project, and the Web3 development platform Alchemy revealed a new partnership to build out the infrastructure for the World Chain ecosystem.
On June 26, Worldcoin announced that its collaboration with Alchemy will give World Chain developers immediate access to its complete and comprehensive Web3 developer platform.
This includes both…
https://cryptoinsight.ae/worldcoin-partners-with-alchemy-to-build-blockchain-infrastructurev/
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Worldcoin, the iris-scanning biometric digital identity project, and the Web3 development platform Alchemy revealed a new partnership to build out the infrastructure for the World Chain ecosystem.
On June 26, Worldcoin announced that its collaboration with Alchemy will give World Chain developers immediate access to its complete and comprehensive Web3 developer platform.
This includes both…
https://cryptoinsight.ae/worldcoin-partners-with-alchemy-to-build-blockchain-infrastructurev/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.41 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $61,510.18 (1.2%)
Ethereum ~ $3,444.51 (2.4%)
Solana ~ $144.14 (6.0%)
Polkadot ~ $6.24 (8.9%)
Flow ~ $0.3% (3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.41 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $61,510.18 (1.2%)
Ethereum ~ $3,444.51 (2.4%)
Solana ~ $144.14 (6.0%)
Polkadot ~ $6.24 (8.9%)
Flow ~ $0.3% (3.8%)
Follow and subscribe - @GulfCryptoInsight
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UAE regulations may lead to crypto payment ban, warns lawyer
Crypto and blockchain lawyer Irina Heaver believes newly-released regulations in the United Arab Emirates (UAE) may prohibit crypto payments in the country.
On June 5, the board of directors of the Central Bank of the United Arab Emirates (CBUAE) discussed projects under the country’s financial infrastructure (FIT) program, an initiative to boost digital transformation.
In…
https://cryptoinsight.ae/uae-regulations-may-lead-to-crypto-payment-ban-warns-lawyer/
Website | Twitter | LinkedIn | Telegram
Crypto and blockchain lawyer Irina Heaver believes newly-released regulations in the United Arab Emirates (UAE) may prohibit crypto payments in the country.
On June 5, the board of directors of the Central Bank of the United Arab Emirates (CBUAE) discussed projects under the country’s financial infrastructure (FIT) program, an initiative to boost digital transformation.
In…
https://cryptoinsight.ae/uae-regulations-may-lead-to-crypto-payment-ban-warns-lawyer/
Website | Twitter | LinkedIn | Telegram
Binance enforces stricter measures against account misuse
Binance, the world’s largest cryptocurrency exchange, has introduced new security measures to prevent the misuse of account features and enhance the platform’s integrity.
The decision follows the discovery of account misuse, which has given certain users unfair advantages. The new measures aim to create a healthy and sustainable market environment that prioritizes the interests of…
https://cryptoinsight.ae/binance-enforces-stricter-measures-against-account-misuse/
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Binance, the world’s largest cryptocurrency exchange, has introduced new security measures to prevent the misuse of account features and enhance the platform’s integrity.
The decision follows the discovery of account misuse, which has given certain users unfair advantages. The new measures aim to create a healthy and sustainable market environment that prioritizes the interests of…
https://cryptoinsight.ae/binance-enforces-stricter-measures-against-account-misuse/
Website | Twitter | LinkedIn | Telegram
Bitcoin ‘wholecoiners’ hold above 1 million mark for 13 months
The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months.
The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode.
This number of wholecoiner…
https://cryptoinsight.ae/bitcoin-wholecoiners-hold-above-1-million-mark-for-13-months/
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The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months.
The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode.
This number of wholecoiner…
https://cryptoinsight.ae/bitcoin-wholecoiners-hold-above-1-million-mark-for-13-months/
Website | Twitter | LinkedIn | Telegram
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 ~ $60,692.04 (-1.3%)
Ethereum ~ $3,380.03 (-2.0%)
Solana ~ $140.65 (-2.6%)
Polkadot ~ $6.20 (-0.9%)
Flow ~ $0.6174 (-1.11%)
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 ~ $60,692.04 (-1.3%)
Ethereum ~ $3,380.03 (-2.0%)
Solana ~ $140.65 (-2.6%)
Polkadot ~ $6.20 (-0.9%)
Flow ~ $0.6174 (-1.11%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Court allows most SEC claims to proceed in Binance suit
Cryptocurrency exchange Binance has failed to convince a United States court to dismiss most claims made against it by the country’s securities regulator.
Claims related to Binance’s staking program, the sale of BNB after its initial coin offering and anti-fraud violations will proceed, Judge Amy Berman Jackson stated in a June 28 court filing.
The…
https://cryptoinsight.ae/court-allows-most-sec-claims-to-proceed-in-binance-suit/
Website | Twitter | LinkedIn | Telegram
Cryptocurrency exchange Binance has failed to convince a United States court to dismiss most claims made against it by the country’s securities regulator.
Claims related to Binance’s staking program, the sale of BNB after its initial coin offering and anti-fraud violations will proceed, Judge Amy Berman Jackson stated in a June 28 court filing.
The…
https://cryptoinsight.ae/court-allows-most-sec-claims-to-proceed-in-binance-suit/
Website | Twitter | LinkedIn | Telegram
Bitcoin activity drops to lowest level since 2010
The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock.
In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s highest ratio was last seen in November 2010.
Additionally, the total number of active wallets…
https://cryptoinsight.ae/bitcoin-activity-drops-to-lowest-level-since-2010/
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The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock.
In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s highest ratio was last seen in November 2010.
Additionally, the total number of active wallets…
https://cryptoinsight.ae/bitcoin-activity-drops-to-lowest-level-since-2010/
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