Wintermute in $300M funding talks, Tencent interested: Report
Algorithmic crypto trading firm Wintermute is in talks with investors to raise new capital, according to a report. A deal worth between $100 million and $300 million could be in the works.
Chinese social media conglomerate Tencent is among the investors considering the deal, Bloomberg and The Information reported on July 19. The deal would…
https://cryptoinsight.ae/wintermute-in-300m-funding-talks-tencent-interested-report/
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Algorithmic crypto trading firm Wintermute is in talks with investors to raise new capital, according to a report. A deal worth between $100 million and $300 million could be in the works.
Chinese social media conglomerate Tencent is among the investors considering the deal, Bloomberg and The Information reported on July 19. The deal would…
https://cryptoinsight.ae/wintermute-in-300m-funding-talks-tencent-interested-report/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $64,170.97 (-2.7%)
Ethereum ~ $3,172.78 (-7.9%)
Solana ~ $170.19(-2.1%)
Polkadot ~ $5.66 (-4.5%)
Flow ~ $0.6322 (4.9%)
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Day started from:
The global cryptocurrency market cap today is $2.42 Trillion, a -3.5% change in the last 24 hours
Bitcoin ~ $64,170.97 (-2.7%)
Ethereum ~ $3,172.78 (-7.9%)
Solana ~ $170.19(-2.1%)
Polkadot ~ $5.66 (-4.5%)
Flow ~ $0.6322 (4.9%)
Follow and subscribe - @GulfCryptoInsight
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Tiny 500Gh home Bitcoin mining device produced a block, earning over $200K BTC
A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first…
https://cryptoinsight.ae/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc/
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A Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.
“Congratulations to the miner who likely mined the first…
https://cryptoinsight.ae/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc/
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Ethereum’s future rests on 10,000 blockchains
A major topic in crypto in 2024 is the number of layer-2 (L2) blockchains created on top of the Ethereum network. Major nonfungible token (NFT) collections such as Pudgy Penguins, Bored Ape Yacht Club and Azuki have announced their own L2s — in addition to numerous traditional companies such as Fox Corporations and Flipkart.
This…
https://cryptoinsight.ae/ethereums-future-rests-on-10000-blockchains/
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A major topic in crypto in 2024 is the number of layer-2 (L2) blockchains created on top of the Ethereum network. Major nonfungible token (NFT) collections such as Pudgy Penguins, Bored Ape Yacht Club and Azuki have announced their own L2s — in addition to numerous traditional companies such as Fox Corporations and Flipkart.
This…
https://cryptoinsight.ae/ethereums-future-rests-on-10000-blockchains/
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Ethereum ETFs start strong but lag epic Bitcoin ETF launch — Analysts
Spot Ether exchange-traded funds (ETFs) are off to a strong start after pulling upward of $100 million in net inflows on July 23, the funds’ first day of trading, but they fell short of Bitcoin’s epic ETF debut in January and may struggle to catch up, according to analysts who spoke with Cointelegraph.
The spot…
https://cryptoinsight.ae/ethereum-etfs-start-strong-but-lag-epic-bitcoin-etf-launch-analysts/
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Spot Ether exchange-traded funds (ETFs) are off to a strong start after pulling upward of $100 million in net inflows on July 23, the funds’ first day of trading, but they fell short of Bitcoin’s epic ETF debut in January and may struggle to catch up, according to analysts who spoke with Cointelegraph.
The spot…
https://cryptoinsight.ae/ethereum-etfs-start-strong-but-lag-epic-bitcoin-etf-launch-analysts/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 3.7% change in the last 24 hours
Bitcoin ~ $67,010.70 (4.5%)
Ethereum ~ $3,265.87 (2.9%)
Solana ~ $177.50 (4.3%)
Polkadot ~ $5.85 (3.2%)
Flow ~ $0.6801 (8.0%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.51 Trillion, a 3.7% change in the last 24 hours
Bitcoin ~ $67,010.70 (4.5%)
Ethereum ~ $3,265.87 (2.9%)
Solana ~ $177.50 (4.3%)
Polkadot ~ $5.85 (3.2%)
Flow ~ $0.6801 (8.0%)
Follow and subscribe - @GulfCryptoInsight
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Web3 venture funding stabilizes after rocky 2023 — Crunchbase
Venture funding for Web3 startups is stabilizing after a year-long decline that started in 2023, with crypto ventures locking up some $2 billion in financing in the second quarter of 2024, according to Crunchbase.
The Q2 numbers are only modestly higher than the $1.8 billion raised in the prior quarter but reverse a downtrend that…
https://cryptoinsight.ae/web3-venture-funding-stabilizes-after-rocky-2023-crunchbase/
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Venture funding for Web3 startups is stabilizing after a year-long decline that started in 2023, with crypto ventures locking up some $2 billion in financing in the second quarter of 2024, according to Crunchbase.
The Q2 numbers are only modestly higher than the $1.8 billion raised in the prior quarter but reverse a downtrend that…
https://cryptoinsight.ae/web3-venture-funding-stabilizes-after-rocky-2023-crunchbase/
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The future of crypto: AI implementations in blockchain technology
Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers.
The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context…
https://cryptoinsight.ae/the-future-of-crypto-ai-implementations-in-blockchain-technology/
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Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers.
The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context…
https://cryptoinsight.ae/the-future-of-crypto-ai-implementations-in-blockchain-technology/
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Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.
“I would say…
https://cryptoinsight.ae/blackrock-foresees-very-little-interest-in-crypto-etfs-beyond-bitcoin-ethereum-bitcoin-2024/
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Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.
“I would say…
https://cryptoinsight.ae/blackrock-foresees-very-little-interest-in-crypto-etfs-beyond-bitcoin-ethereum-bitcoin-2024/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $67,925.45 (1.4%)
Ethereum ~ $3,259.44 (-0.2%)
Solana ~ $183.870 (3.7%)
Polkadot ~ $5.85 (0.2%)
Flow ~ $0.6695 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $67,925.45 (1.4%)
Ethereum ~ $3,259.44 (-0.2%)
Solana ~ $183.870 (3.7%)
Polkadot ~ $5.85 (0.2%)
Flow ~ $0.6695 (-1.5%)
Follow and subscribe - @GulfCryptoInsight
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SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca
The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing.
The approval is an important milestone for Grayscale, which announced plans on…
https://cryptoinsight.ae/sec-approves-grayscale-bitcoin-mini-trust-for-trading-on-nyse-arca/
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The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest spot Bitcoin (BTC) exchange-traded fund (ETF) — Grayscale Bitcoin Mini Trust (BTC) — for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform, according to a July 26 filing.
The approval is an important milestone for Grayscale, which announced plans on…
https://cryptoinsight.ae/sec-approves-grayscale-bitcoin-mini-trust-for-trading-on-nyse-arca/
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Real-world assets evolve finance by tokenizing everything, says Kinto co-founder
Trendy buzzwords and crypto go hand in hand, especially given the cyclical nature of crypto market cycles. What is popular in one financial quarter could be a totally obsolete concept by the arrival of the next.
Some great examples might be music non-fungible tokens (NFTs), Bitcoin Ordinals or blockchain-based gaming. The list goes on and…
https://cryptoinsight.ae/real-world-assets-evolve-finance-by-tokenizing-everything-says-kinto-co-founder/
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Trendy buzzwords and crypto go hand in hand, especially given the cyclical nature of crypto market cycles. What is popular in one financial quarter could be a totally obsolete concept by the arrival of the next.
Some great examples might be music non-fungible tokens (NFTs), Bitcoin Ordinals or blockchain-based gaming. The list goes on and…
https://cryptoinsight.ae/real-world-assets-evolve-finance-by-tokenizing-everything-says-kinto-co-founder/
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Cross-border BTC payments a top priority for Marathon Digital — Bitcoin 2024
Bitcoin miner Marathon Digital is seeking partnerships with blockchain developers to build Bitcoin layer-2 solutions for cross-border BTC payments, Julian Duran, Marathon’s product lead for side chains, said at the Bitcoin 2024 conference on July 26 in Nashville, Tennessee.
Cross-border payments are “the biggest use case for blockchain, generally speaking, and especially for Bitcoin,” according…
https://cryptoinsight.ae/cross-border-btc-payments-a-top-priority-for-marathon-digital-bitcoin-2024/
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Bitcoin miner Marathon Digital is seeking partnerships with blockchain developers to build Bitcoin layer-2 solutions for cross-border BTC payments, Julian Duran, Marathon’s product lead for side chains, said at the Bitcoin 2024 conference on July 26 in Nashville, Tennessee.
Cross-border payments are “the biggest use case for blockchain, generally speaking, and especially for Bitcoin,” according…
https://cryptoinsight.ae/cross-border-btc-payments-a-top-priority-for-marathon-digital-bitcoin-2024/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $67,466.58 (-0.7%)
Ethereum ~ $3,226.88 (-1.0%)
Solana ~ $182.87 (-0.5%)
Polkadot ~ $5.74 (-1.9%)
Flow ~ $0.6781 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.52 Trillion, a -0.9% change in the last 24 hours
Bitcoin ~ $67,466.58 (-0.7%)
Ethereum ~ $3,226.88 (-1.0%)
Solana ~ $182.87 (-0.5%)
Polkadot ~ $5.74 (-1.9%)
Flow ~ $0.6781 (1.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
WazirX launches fund recovery plan post $230M hack
In a move to address the recent cyberattack that resulted in the theft of approximately $230 million, Indian crypto exchange WazirX has announced a strategy for user fund recovery.
The hack, which affected 45% of user funds, has led WazirX to implement measures aimed at minimizing disruption to its users and maintaining the platform’s stability.…
https://cryptoinsight.ae/wazirx-launches-fund-recovery-plan-post-230m-hack/
Website | Twitter | LinkedIn | Telegram
In a move to address the recent cyberattack that resulted in the theft of approximately $230 million, Indian crypto exchange WazirX has announced a strategy for user fund recovery.
The hack, which affected 45% of user funds, has led WazirX to implement measures aimed at minimizing disruption to its users and maintaining the platform’s stability.…
https://cryptoinsight.ae/wazirx-launches-fund-recovery-plan-post-230m-hack/
Website | Twitter | LinkedIn | Telegram
Trump to end war on crypto if elected, says US will be ‘crypto capital of the world’
Former United States president and current Republican candidate Donald Trump announced his intent to make the United States the crypto capital of the world, if elected in November.
After taking the stage an hour late, Trump addressed the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, Trump said that he had great respect for…
https://cryptoinsight.ae/trump-to-end-war-on-crypto-if-elected-says-us-will-be-crypto-capital-of-the-world/
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Former United States president and current Republican candidate Donald Trump announced his intent to make the United States the crypto capital of the world, if elected in November.
After taking the stage an hour late, Trump addressed the crowd at the Bitcoin 2024 conference in Nashville, Tennessee, Trump said that he had great respect for…
https://cryptoinsight.ae/trump-to-end-war-on-crypto-if-elected-says-us-will-be-crypto-capital-of-the-world/
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Sen. Lummis proposes US government purchase 5% of total Bitcoin supply
United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years.
“It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin 2024 Conference on July 27 in…
https://cryptoinsight.ae/sen-lummis-proposes-us-government-purchase-5-of-total-bitcoin-supply/
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United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years.
“It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin 2024 Conference on July 27 in…
https://cryptoinsight.ae/sen-lummis-proposes-us-government-purchase-5-of-total-bitcoin-supply/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.59 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $69,609.93 (3.1%)
Ethereum ~ $3,368.40 (4.4%)
Solana ~ $193.10 (5.6%)
Polkadot ~ $5.84 (1.7%)
Flow ~ $0.6785 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.59 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $69,609.93 (3.1%)
Ethereum ~ $3,368.40 (4.4%)
Solana ~ $193.10 (5.6%)
Polkadot ~ $5.84 (1.7%)
Flow ~ $0.6785 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Casper Network halts operations following security breach
Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue.
The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of…
https://cryptoinsight.ae/casper-network-halts-operations-following-security-breach/
Website | Twitter | LinkedIn | Telegram
Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue.
The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of…
https://cryptoinsight.ae/casper-network-halts-operations-following-security-breach/
Website | Twitter | LinkedIn | Telegram
Swiss regulator FINMA targets stablecoin issuers in new proposal
In a move aimed at bolstering regulatory oversight and mitigating financial risks, the Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers. The proposal comes amid growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem.
According to a recent guidance document, FINMA seeks to…
https://cryptoinsight.ae/swiss-regulator-finma-targets-stablecoin-issuers-in-new-proposal/
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In a move aimed at bolstering regulatory oversight and mitigating financial risks, the Swiss Financial Market Supervisory Authority (FINMA) has proposed new guidelines for stablecoin issuers. The proposal comes amid growing concerns over the potential impact of stablecoins on regulated institutions and the broader financial ecosystem.
According to a recent guidance document, FINMA seeks to…
https://cryptoinsight.ae/swiss-regulator-finma-targets-stablecoin-issuers-in-new-proposal/
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