Why crypto stakeholders see bright future for prediction markets in Africa
Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa.
Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…
https://cryptoinsight.ae/why-crypto-stakeholders-see-bright-future-for-prediction-markets-in-africa/
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Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa.
Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…
https://cryptoinsight.ae/why-crypto-stakeholders-see-bright-future-for-prediction-markets-in-africa/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 6.3% change in the last 24 hours
Bitcoin ~ $60,900.99 (6.7%)
Ethereum ~ $2,686.89 (10.5%)
Solana ~ $157.16 (2.2%)
Polkadot ~ $4.80 (0.8%)
Flow ~ $0.5549 (3.9%)
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Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 6.3% change in the last 24 hours
Bitcoin ~ $60,900.99 (6.7%)
Ethereum ~ $2,686.89 (10.5%)
Solana ~ $157.16 (2.2%)
Polkadot ~ $4.80 (0.8%)
Flow ~ $0.5549 (3.9%)
Follow and subscribe - @GulfCryptoInsight
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‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.”
The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…
https://cryptoinsight.ae/dark-skippy-method-can-steal-bitcoin-hardware-wallet-keys/
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Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.”
The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…
https://cryptoinsight.ae/dark-skippy-method-can-steal-bitcoin-hardware-wallet-keys/
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Miner profitability falls to record lows — Blocksbridge
Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower.
The report also noted that despite the price…
https://cryptoinsight.ae/miner-profitability-falls-to-record-lows-blocksbridge/
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Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower.
The report also noted that despite the price…
https://cryptoinsight.ae/miner-profitability-falls-to-record-lows-blocksbridge/
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Russia legalizes Bitcoin and cryptocurrency mining
Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade.
The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…
https://cryptoinsight.ae/russia-legalizes-bitcoin-and-cryptocurrency-mining/
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Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade.
The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…
https://cryptoinsight.ae/russia-legalizes-bitcoin-and-cryptocurrency-mining/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $60,414.00 (-0.9%)
Ethereum ~ $2,610.37 (-2.6%)
Solana ~ $154.27 (-1.3%)
Polkadot ~ $4.74 (-1.3%)
Flow ~ $0.5541 (0.0%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $60,414.00 (-0.9%)
Ethereum ~ $2,610.37 (-2.6%)
Solana ~ $154.27 (-1.3%)
Polkadot ~ $4.74 (-1.3%)
Flow ~ $0.5541 (0.0%)
Follow and subscribe - @GulfCryptoInsight
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OKX cracks down on Tornado Cash users with account terminations
In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated.
The announcement comes in response to escalating concerns about Tornado Cash, a decentralized mixing service that enables users…
https://cryptoinsight.ae/okx-cracks-down-on-tornado-cash-users-with-account-terminations/
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In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated.
The announcement comes in response to escalating concerns about Tornado Cash, a decentralized mixing service that enables users…
https://cryptoinsight.ae/okx-cracks-down-on-tornado-cash-users-with-account-terminations/
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Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards
Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.
The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.
The proposal has been made publicly available…
https://cryptoinsight.ae/vitalik-buterin-backs-proposed-erc-7683-for-cross-chain-trade-standards/
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Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.
The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.
The proposal has been made publicly available…
https://cryptoinsight.ae/vitalik-buterin-backs-proposed-erc-7683-for-cross-chain-trade-standards/
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VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture Capitalist
The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ethereum allow venture capitalists to avoid the early-stage risks they must make in other industries, according to a venture capitalist.
“VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,” Adam Cochran, partner at venture…
https://cryptoinsight.ae/vc-firms-are-slowing-down-crypto-investments-for-a-nuanced-reason-venture-capitalist/
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The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ethereum allow venture capitalists to avoid the early-stage risks they must make in other industries, according to a venture capitalist.
“VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,” Adam Cochran, partner at venture…
https://cryptoinsight.ae/vc-firms-are-slowing-down-crypto-investments-for-a-nuanced-reason-venture-capitalist/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $61,065.24 (1.1%)
Ethereum ~ $2,655.23 (1.7%)
Solana ~ $155.43 (0.7%)
Polkadot ~ $4.76 (0.4%)
Flow ~ $0.5591 (0.9%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $61,065.24 (1.1%)
Ethereum ~ $2,655.23 (1.7%)
Solana ~ $155.43 (0.7%)
Polkadot ~ $4.76 (0.4%)
Flow ~ $0.5591 (0.9%)
Follow and subscribe - @GulfCryptoInsight
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SEC and Ideanomics settle crypto revenue reporting fraud charges
The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”
According to the SEC website, its investigation revealed that between 2017 and 2019, Ideanomics and several of its senior executives engaged in significant material misrepresentations about the…
https://cryptoinsight.ae/sec-and-ideanomics-settle-crypto-revenue-reporting-fraud-charges/
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The United States Securities and Exchange Commission (SEC) has settled fraud charges with electric vehicle company Ideanomics over financial reporting and “misleading the public about the company’s performance.”
According to the SEC website, its investigation revealed that between 2017 and 2019, Ideanomics and several of its senior executives engaged in significant material misrepresentations about the…
https://cryptoinsight.ae/sec-and-ideanomics-settle-crypto-revenue-reporting-fraud-charges/
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Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
Up front: Tether reports that Celsius, in its lawsuit, seeks the return of approximately $2.4 billion worth of BTC. However, publicly available court documents show that Celsius has asked…
https://cryptoinsight.ae/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff/
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Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages, and legal fees.
Up front: Tether reports that Celsius, in its lawsuit, seeks the return of approximately $2.4 billion worth of BTC. However, publicly available court documents show that Celsius has asked…
https://cryptoinsight.ae/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.14 Trillion, a -4.3% change in the last 24 hours
Bitcoin ~ $58,441.58 (-4.3%)
Ethereum ~ $2,551.33 (-3.9%)
Solana ~ $142.82 (-8.1%)
Polkadot ~ $4.52 (-5.2%)
Flow ~ $0.5336 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.14 Trillion, a -4.3% change in the last 24 hours
Bitcoin ~ $58,441.58 (-4.3%)
Ethereum ~ $2,551.33 (-3.9%)
Solana ~ $142.82 (-8.1%)
Polkadot ~ $4.52 (-5.2%)
Flow ~ $0.5336 (-4.5%)
Follow and subscribe - @GulfCryptoInsight
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Venezuela blocks Binance, X amid presidential election dispute
Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.
On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website…
https://cryptoinsight.ae/venezuela-blocks-binance-x-amid-presidential-election-dispute/
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Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.
On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website…
https://cryptoinsight.ae/venezuela-blocks-binance-x-amid-presidential-election-dispute/
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Expect Bitcoin ETF options to launch before 2025
After gathering dust for months, applications to list options on spot Bitcoin exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETFs will soon follow.
Options are contracts that grant the right to buy or sell — “call” or…
https://cryptoinsight.ae/expect-bitcoin-etf-options-to-launch-before-2025/
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After gathering dust for months, applications to list options on spot Bitcoin exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETFs will soon follow.
Options are contracts that grant the right to buy or sell — “call” or…
https://cryptoinsight.ae/expect-bitcoin-etf-options-to-launch-before-2025/
Website | Twitter | LinkedIn | Telegram
Hong Kong to enhance digital asset regulation in 18 months
Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology.
At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined…
https://cryptoinsight.ae/hong-kong-to-enhance-digital-asset-regulation-in-18-months/
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Hong Kong is poised to enhance its digital asset regulation within the next 18 months, marking a significant step in its mission to become a global hub for financial technology.
At the Foresight 2024 annual summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), outlined…
https://cryptoinsight.ae/hong-kong-to-enhance-digital-asset-regulation-in-18-months/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $59,022.59 (0.9%)
Ethereum ~ $2,638.07 (3.3%)
Solana ~ $144.75 (1.3%)
Polkadot ~ $4.50(-0.5%)
Flow ~ $0.5433 (1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a 1.7% change in the last 24 hours
Bitcoin ~ $59,022.59 (0.9%)
Ethereum ~ $2,638.07 (3.3%)
Solana ~ $144.75 (1.3%)
Polkadot ~ $4.50(-0.5%)
Flow ~ $0.5433 (1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin miners record lowest daily revenue of 2024
Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11.
On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023.
The Bitcoin mining…
https://cryptoinsight.ae/bitcoin-miners-record-lowest-daily-revenue-of-2024/
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Revenue earned by Bitcoin miners, primarily through block rewards and transaction fees, declined consistently over two weeks to record a new yearly low on Aug. 11.
On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023.
The Bitcoin mining…
https://cryptoinsight.ae/bitcoin-miners-record-lowest-daily-revenue-of-2024/
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Crypto ETFs will expand to new asset types, indexes — Grayscale executive
The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.
“We’re going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s…
https://cryptoinsight.ae/crypto-etfs-will-expand-to-new-asset-types-indexes-grayscale-executive/
Website | Twitter | LinkedIn | Telegram
The market for cryptocurrency exchange-traded funds (ETFs) will expand to encompass new types of digital assets as well as diversified crypto indexes, according to an executive at asset manager Grayscale Investments.
“We’re going to see a number of more single asset products, and then also certainly some index based and diversified products,” Dave Lavalle, Grayscale’s…
https://cryptoinsight.ae/crypto-etfs-will-expand-to-new-asset-types-indexes-grayscale-executive/
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Why Web3 gaming needs a Steam-like platform for growth
As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem.
In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming.…
https://cryptoinsight.ae/why-web3-gaming-needs-a-steam-like-platform-for-growth/
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As Web3 games continue to gain attention, OKX believes that a Web3 version of Steam — one of the most successful digital game distribution platforms in Web2 — is necessary to support the development of the crypto gaming ecosystem.
In July, the company launched OKX GameSphere as part of its efforts to accelerate Web3 gaming.…
https://cryptoinsight.ae/why-web3-gaming-needs-a-steam-like-platform-for-growth/
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