Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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University of Wyoming launches Bitcoin Research Institute

The University of Wyoming is launching the UW Bitcoin Research Institute in August. The new institute aims to provide “high-quality peer-reviewed” studies about Bitcoin.

Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, announced the new institute on X on July 28. He will serve as the institute’s director.

Rettler described…

https://cryptoinsight.ae/university-of-wyoming-launches-bitcoin-research-institute/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.5 Trillion, a 3.3% change in the last 24 hours

Bitcoin ~ $66,591.49 (-4.6%)
Ethereum ~ $3,316.54 (-1.8%)
Solana ~ $182.32 (-5.7%)
Polkadot ~ $5.69 (-2.9%)
Flow ~ $0.6963 (2.2%)

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One Trading receives Dutch license, onshores EU crypto futures

The Netherlands-based digital asset exchange One Trading has received an Organized Trading Facility license from the Dutch Financial Markets Authority (AFM). With that license, the exchange will be able to introduce several new financial products to Europe, including onshore crypto futures trading.

In addition, One Trading will become the only perpetual futures trading platform in…

https://cryptoinsight.ae/one-trading-receives-dutch-license-onshores-eu-crypto-futures/

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Slovenia launches EU’s first digital sovereign bond via BNP Paribas

Slovenia has issued the first digital sovereign bond in the European Union. The bond was issued and placed by BNP Paribas. It had a nominal size of 30 million euros ($32.5 million) with a 3.65% coupon and maturity date of Nov. 25, according to the Slovenian Finance Ministry.

BNP Paribas used its Neobonds platform for…

https://cryptoinsight.ae/slovenia-launches-eus-first-digital-sovereign-bond-via-bnp-paribas/

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Everything Bitcoin: L2s see wave of adoption, but security needs to catch up

Designed to operate on top of the Bitcoin blockchain, layer-2s are emerging rapidly, fueled by years of innovation in the Ethereum ecosystem. Now, they promise to bring decentralized finance (DeFi) solutions to the original blockchain.

Despite locking millions in value onchain in a few months, Bitcoin layer-2s are still in their infancy. As with any…

https://cryptoinsight.ae/everything-bitcoin-l2s-see-wave-of-adoption-but-security-needs-to-catch-up/

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Day started from:

The global cryptocurrency market cap today is $2.5 Trillion, a -0.3% change in the last 24 hours

Bitcoin ~ $66,283.39 (-0.6%)
Ethereum ~ $3,308.65 (-0.3%)
Solana ~ $182.44 (0.1%)
Polkadot ~ $5.53 (-2.8%)
Flow ~ $0.694 (-0.7%)

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Bank of England to experiment with wholesale CBDC, synchronization

The Bank of England (BOE) is proposing an experimental program using its Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to judge their settlement capacity and interoperability, the central bank announced in a discussion paper.

The BOE promised to undertake the new series of experiments within the next six months. The…

https://cryptoinsight.ae/bank-of-england-to-experiment-with-wholesale-cbdc-synchronization/

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Why is ETH demand lacking post-Ethereum ETF?

Ethereum is about to close the month of July in the red, down roughly 1%, despite the launch of spot Ethereum ETFs in the United States.

US spot Ethereum ETFs went live on July 23, and the market’s immediate reaction was a 9% drawdown. At present, the ETH price is down 4.05% since launch. However,…

https://cryptoinsight.ae/why-is-eth-demand-lacking-post-ethereum-etf/

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Binance Labs invests in liquid staking platform aPriori

Binance’s venture capital arm has invested in aPriori, a liquid staking protocol on the Monad network focused on miner extractable value (MEV), according to a July 30 announcement.
The deal comes amid a flurry of investment in layer-1 network Monad and its surrounding decentralized finance (DeFi) ecosystem.
According to the statement, aPriori seeks to create…

https://cryptoinsight.ae/binance-labs-invests-in-liquid-staking-platform-apriori/

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Day started from:

The global cryptocurrency market cap today is $2.41 Trillion, a -2.5% change in the last 24 hours

Bitcoin ~ $64,199.00 (-3.1%)
Ethereum ~ $3,176.78 (-4.1%)
Solana ~ $168.82 (-7.7%)
Polkadot ~ $5.35 (-3.4%)
Flow ~ $0.659 (-5.1%)

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Coinbase L2 Base hosts 80% of active Uniswap traders — Token Terminal

Base, Coinbase’s layer-2 blockchain network, now hosts approximately 80% of Uniswap’s monthly active traders, crypto researcher Token Terminal said in a post on the X platform.

Base launched in August 2023 and began rapidly gaining market share among decentralized exchange (DEX) traders in early 2024. It has now largely displaced rival blockchains, including Ethereum mainnet…

https://cryptoinsight.ae/coinbase-l2-base-hosts-80-of-active-uniswap-traders-token-terminal/

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BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

The Bank for International Settlements (BIS) and Bank of England have released the results of their Project Pyxtrial to monitor the reserves of asset-backed stablecoins and tokenized assets. Pyxtrial is described as a proof-of-concept and an “important first step.”

The system is not entirely ready for launch and, as its creators noted, the world isn’t…

https://cryptoinsight.ae/bis-bank-of-england-unveil-project-pyxtrial-for-stablecoin-monitoring/

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Bitcoin miner Riot Platforms miss estimates with wider Q2 loss

Bitcoin miner Riot Platforms missed estimates after posting its first quarterly loss since 2022, as the miners continues to feel the impact of April’s halving event.

Riot posted a Q2 net loss of $84.4 million, or $0.32 per share, double the $0.16 per share loss  forecasted by investment research firm Zacks. It’s the first time…

https://cryptoinsight.ae/bitcoin-miner-riot-platforms-miss-estimates-with-wider-q2-loss/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.39 Trillion, a -1.1% change in the last 24 hours

Bitcoin ~ $63,859.59 (-0.6%)
Ethereum ~ $3,131.02 (-1.2%)
Solana ~ $161.05 (-4.6%)
Polkadot ~ $5.18 (-3.3%)
Flow ~ $0.6744 (2.2%)

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ByBit exchange halts operations in France

Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release.

ByBit cited “recent regulatory developments” by France’s financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country.

The centralized exchange cautioned French users that…

https://cryptoinsight.ae/bybit-exchange-halts-operations-in-france/

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How to become a global citizen, with or without crypto — Nomad Capitalist

For centuries, the world’s elite have possessed the knowledge and asset planning to transcend national borders and become international citizens, seeking favorable tax jurisdictions and routes of escape should the economic or political situation deteriorate in their home countries. Today, Nomad Capitalist, a tax strategy and immigration advisory firm, brings that knowledge to crypto investors.…

https://cryptoinsight.ae/how-to-become-a-global-citizen-with-or-without-crypto-nomad-capitalist/

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July crypto hacks total $266M, WazirX leads losses

In July, online hackers stole around $266 million from the cryptocurrency ecosystem and its investors through 16 separate attacks.
On July 18, Indian crypto exchange WazirX lost over $230 million to a major hack — representing 86.4% of the total crypto lost to hacks in the month. After independent investigations, the hack was attributed to…

https://cryptoinsight.ae/july-crypto-hacks-total-266m-wazirx-leads-losses/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.3 Trillion, a -4.2% change in the last 24 hours

Bitcoin ~ $61,695.08 (-3.3%)
Ethereum ~ $2,977.74 (-4.9%)
Solana ~ $152.07 (-5.3%)
Polkadot ~ $5.18 (0.1%)
Flow ~ $0.5944 (-11.8%)

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Lido launches institutional-grade liquidity staking solution

Lido Finance has introduced Lido Institutional, an institutional-grade liquidity staking solution aimed at large customers such as custodians, asset managers and exchanges.
Lido Institutional is a middleware solution that “combines the reliability and security necessary for enterprise-grade staking with the liquidity and utility required for diverse institutional strategies,” Lido said in a post on X.…

https://cryptoinsight.ae/lido-launches-institutional-grade-liquidity-staking-solution/

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Morgan Stanley wealth managers to embrace BlackRock, Fidelity Bitcoin ETFs: Report

Morgan Stanely, the largest wealth manager in the United States, will soon allow its 15,000 financial advisers to start recommending Bitcoin exchange-traded funds (ETFs) to clients, according to a CNBC report.
Starting Aug. 7, Morgan Stanley wealth managers can begin advising eligible clients to buy shares of two BTC ETFs — BlackRock’s iShares Bitcoin Trust…

https://cryptoinsight.ae/morgan-stanley-wealth-managers-to-embrace-blackrock-fidelity-bitcoin-etfs-report/

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