Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 2.9% change in the last 24 hours
Bitcoin ~ $60,996.15 (4.2%)
Ethereum ~ $2,679.09 (2.1%)
Solana ~ $147.08 (3.2%)
Polkadot ~ $4.57 (3.9%)
Flow ~ $0.5503 (5.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 2.9% change in the last 24 hours
Bitcoin ~ $60,996.15 (4.2%)
Ethereum ~ $2,679.09 (2.1%)
Solana ~ $147.08 (3.2%)
Polkadot ~ $4.57 (3.9%)
Flow ~ $0.5503 (5.7%)
Follow and subscribe - @GulfCryptoInsight
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US mulls applying fiat reporting mandate on crypto transfers
Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions.
The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for…
https://cryptoinsight.ae/us-mulls-applying-fiat-reporting-mandate-on-crypto-transfers/
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Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions.
The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for…
https://cryptoinsight.ae/us-mulls-applying-fiat-reporting-mandate-on-crypto-transfers/
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Gate.io to launch $100M innovation fund with the Blockchain Center in Abu Dhabi
Gate.io’s venture capital arm, Gate Ventures, has teamed up with the Blockchain Center in Abu Dhabi to announce a $100-million fund dedicated to driving innovation for Web3.
On Aug. 19, Gate.io unveiled Falcon Gate Ventures, the joint venture supporting Web3 builders. The exchange’s venture arm said the fund is designed to “advance decentralized infrastructure and…
https://cryptoinsight.ae/gate-io-to-launch-100m-innovation-fund-with-the-blockchain-center-in-abu-dhabi/
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Gate.io’s venture capital arm, Gate Ventures, has teamed up with the Blockchain Center in Abu Dhabi to announce a $100-million fund dedicated to driving innovation for Web3.
On Aug. 19, Gate.io unveiled Falcon Gate Ventures, the joint venture supporting Web3 builders. The exchange’s venture arm said the fund is designed to “advance decentralized infrastructure and…
https://cryptoinsight.ae/gate-io-to-launch-100m-innovation-fund-with-the-blockchain-center-in-abu-dhabi/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $59,658.18 (-2.3%)
Ethereum ~ $2,604.60 (-2.9%)
Solana ~ $143.72 (-2.4%)
Polkadot ~ $4.61 (0.7%)
Flow ~ $0.5475 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $59,658.18 (-2.3%)
Ethereum ~ $2,604.60 (-2.9%)
Solana ~ $143.72 (-2.4%)
Polkadot ~ $4.61 (0.7%)
Flow ~ $0.5475 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
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Tether mints another $1B USDT on Tron network
Stablecoin issuer Tether has minted another 1 billion USDT tokens on the Tron network, bringing the total USDT minted in the last year to $33 billion.
On Aug. 20, blockchain data showed that Tether minted $1 billion of its Tether tokens on the Tron network and sent them to its treasury wallet. According to the…
https://cryptoinsight.ae/tether-mints-another-1b-usdt-on-tron-network/
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Stablecoin issuer Tether has minted another 1 billion USDT tokens on the Tron network, bringing the total USDT minted in the last year to $33 billion.
On Aug. 20, blockchain data showed that Tether minted $1 billion of its Tether tokens on the Tron network and sent them to its treasury wallet. According to the…
https://cryptoinsight.ae/tether-mints-another-1b-usdt-on-tron-network/
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Private transactions now dominate Ethereum order flow: Report
Private transactions now dominate Ethereum’s order flow as users seek to protect trades from frontrunners, according to an Aug. 20 report from Blocknative.
While private order flow still only comprises approximately 30% of Ethereum transactions, it consumes more than half of all gas used on the network, Blocknative said. This shift creates “new centralization vectors…
https://cryptoinsight.ae/private-transactions-now-dominate-ethereum-order-flow-report/
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Private transactions now dominate Ethereum’s order flow as users seek to protect trades from frontrunners, according to an Aug. 20 report from Blocknative.
While private order flow still only comprises approximately 30% of Ethereum transactions, it consumes more than half of all gas used on the network, Blocknative said. This shift creates “new centralization vectors…
https://cryptoinsight.ae/private-transactions-now-dominate-ethereum-order-flow-report/
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Starknet set for first mainnet staking vote: What STRK holders need to know
Starknet, a decentralized layer-2 scaling solution built on Ethereum, is set to conduct its first-ever staking vote on the mainnet for native STRK tokenholders.
The vote, set to take place in September, would introduce a staking mechanism to the network, designed to further decentralize and improve network functionalities.
Although the exact date of the staking…
https://cryptoinsight.ae/starknet-set-for-first-mainnet-staking-vote-what-strk-holders-need-to-know/
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Starknet, a decentralized layer-2 scaling solution built on Ethereum, is set to conduct its first-ever staking vote on the mainnet for native STRK tokenholders.
The vote, set to take place in September, would introduce a staking mechanism to the network, designed to further decentralize and improve network functionalities.
Although the exact date of the staking…
https://cryptoinsight.ae/starknet-set-for-first-mainnet-staking-vote-what-strk-holders-need-to-know/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $60,774.16 (1.7%)
Ethereum ~ $2,622.94 (0.7%)
Solana ~ $142.30 (-1.0%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.5709 (4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $60,774.16 (1.7%)
Ethereum ~ $2,622.94 (0.7%)
Solana ~ $142.30 (-1.0%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.5709 (4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar
BlackRock’s Ether exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion…
https://cryptoinsight.ae/blackrocks-ishares-ethereum-trust-approaches-1b-in-net-inflows-morningstar/
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BlackRock’s Ether exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion…
https://cryptoinsight.ae/blackrocks-ishares-ethereum-trust-approaches-1b-in-net-inflows-morningstar/
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El Salvador launches Bitcoin certifications for civil servants
The National Bitcoin Office (ONBTC) of El Salvador will train and provide Bitcoin instruction and certifications to 80,000 government employees.
The Bitcoin-friendly Central American nation has launched a training program for public servants to impart knowledge about the strategic management and public policies around Bitcoin.
The 160-hour virtual and asynchronous training session — Certification in…
https://cryptoinsight.ae/el-salvador-launches-bitcoin-certifications-for-civil-servants/
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The National Bitcoin Office (ONBTC) of El Salvador will train and provide Bitcoin instruction and certifications to 80,000 government employees.
The Bitcoin-friendly Central American nation has launched a training program for public servants to impart knowledge about the strategic management and public policies around Bitcoin.
The 160-hour virtual and asynchronous training session — Certification in…
https://cryptoinsight.ae/el-salvador-launches-bitcoin-certifications-for-civil-servants/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.26 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $60,899.37 (0.3%)
Ethereum ~ $2,674.76 (1.9%)
Solana ~ $145.12 (1.8%)
Polkadot ~ $4.74 (1.5%)
Flow ~ $0.5836 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.26 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $60,899.37 (0.3%)
Ethereum ~ $2,674.76 (1.9%)
Solana ~ $145.12 (1.8%)
Polkadot ~ $4.74 (1.5%)
Flow ~ $0.5836 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
DBS Bank pilots blockchain-based government grants
Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants.
DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology…
https://cryptoinsight.ae/dbs-bank-pilots-blockchain-based-government-grants/
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Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants.
DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology…
https://cryptoinsight.ae/dbs-bank-pilots-blockchain-based-government-grants/
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ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research
Ethereum’s Dencun upgrade in March has reportedly had the unintentional consequence of increased transaction failures across layer-2 networks.
In a post on X on Aug. 22, Galaxy researcher Christine Kim delved into the impact of data blobs following the Ethereum Dencun upgrade in mid-March.
She referred to an in-depth analysis by crypto investment firm Galaxy,…
https://cryptoinsight.ae/eth-dencun-upgrade-attracts-more-l2-bots-and-failed-txs-galaxy-research/
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Ethereum’s Dencun upgrade in March has reportedly had the unintentional consequence of increased transaction failures across layer-2 networks.
In a post on X on Aug. 22, Galaxy researcher Christine Kim delved into the impact of data blobs following the Ethereum Dencun upgrade in mid-March.
She referred to an in-depth analysis by crypto investment firm Galaxy,…
https://cryptoinsight.ae/eth-dencun-upgrade-attracts-more-l2-bots-and-failed-txs-galaxy-research/
Website | Twitter | LinkedIn | Telegram
Magic Eden Foundation launches ME token for cross-chain trading
The Magic Eden (ME) Foundation has announced the upcoming launch of the ME token, a new token designed to support Web3 consumer decentralized applications (DApps) via cross-chain digital asset trading.
According to a press release shared with Cointelegraph, the ME Foundation’s mission is to help develop the ME decentralized autonomous organization (DAO) protocols “with community-led…
https://cryptoinsight.ae/magic-eden-foundation-launches-me-token-for-cross-chain-trading/
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The Magic Eden (ME) Foundation has announced the upcoming launch of the ME token, a new token designed to support Web3 consumer decentralized applications (DApps) via cross-chain digital asset trading.
According to a press release shared with Cointelegraph, the ME Foundation’s mission is to help develop the ME decentralized autonomous organization (DAO) protocols “with community-led…
https://cryptoinsight.ae/magic-eden-foundation-launches-me-token-for-cross-chain-trading/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $64,000.00 (5.2%)
Ethereum ~ $2,758.74 (3.1%)
Solana ~ $154.54 (6.5%)
Polkadot ~ $4.87 (2.9%)
Flow ~ $0.6061 (3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $64,000.00 (5.2%)
Ethereum ~ $2,758.74 (3.1%)
Solana ~ $154.54 (6.5%)
Polkadot ~ $4.87 (2.9%)
Flow ~ $0.6061 (3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Soneium blockchain launched by Sony to attract Web3 developers
Sony Block Solutions Labs, a joint venture between the Sony Group and Singapore-based Startale Labs, has announced the development of the new layer-2 blockchain, “Soneium.” The blockchain aims to attract app developers from various sectors, including entertainment, gaming, finance and more.
According to a joint statement by Sony Group and Startale, the Soneium testnet would…
https://cryptoinsight.ae/soneium-blockchain-launched-by-sony-to-attract-web3-developers/
Website | Twitter | LinkedIn | Telegram
Sony Block Solutions Labs, a joint venture between the Sony Group and Singapore-based Startale Labs, has announced the development of the new layer-2 blockchain, “Soneium.” The blockchain aims to attract app developers from various sectors, including entertainment, gaming, finance and more.
According to a joint statement by Sony Group and Startale, the Soneium testnet would…
https://cryptoinsight.ae/soneium-blockchain-launched-by-sony-to-attract-web3-developers/
Website | Twitter | LinkedIn | Telegram
Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
Synthetix is betting that its ability to accept a variety of tokens as collateral will differentiate its v3 derivatives platform as it launches in Arbitrum’s competitive decentralized finance (DeFi) ecosystem, Matt Losquadro, a Synthetix core contributor, told Cointelegraph.
“Arbitrum is the home of DeFi derivatives. There’s no doubt about that. There’s a large number of…
https://cryptoinsight.ae/synthetix-betting-on-new-multi-collateral-perps-ahead-of-arbitrum-rollout/
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Synthetix is betting that its ability to accept a variety of tokens as collateral will differentiate its v3 derivatives platform as it launches in Arbitrum’s competitive decentralized finance (DeFi) ecosystem, Matt Losquadro, a Synthetix core contributor, told Cointelegraph.
“Arbitrum is the home of DeFi derivatives. There’s no doubt about that. There’s a large number of…
https://cryptoinsight.ae/synthetix-betting-on-new-multi-collateral-perps-ahead-of-arbitrum-rollout/
Website | Twitter | LinkedIn | Telegram
Satoshi vs physics: How quantum Bitcoin miners could make ASIC obsolete
The Bitcoin mining hardware race could be on the cusp of entering its equivalent of the atomic era as the quantum computing sector matures.
While today’s quantum computers are largely experimental, recent advances in quantum chip technology and hybrid artificial intelligence functions have pushed the field forward faster than many scientists predicted.
One of the…
https://cryptoinsight.ae/satoshi-vs-physics-how-quantum-bitcoin-miners-could-make-asic-obsolete/
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The Bitcoin mining hardware race could be on the cusp of entering its equivalent of the atomic era as the quantum computing sector matures.
While today’s quantum computers are largely experimental, recent advances in quantum chip technology and hybrid artificial intelligence functions have pushed the field forward faster than many scientists predicted.
One of the…
https://cryptoinsight.ae/satoshi-vs-physics-how-quantum-bitcoin-miners-could-make-asic-obsolete/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $64,107.57 (0.1%)
Ethereum ~ $2,760.19 (0.0%)
Solana ~ $157.96 (2.2%)
Polkadot ~ $4.86 (-0.2%)
Flow ~ $0.6047 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $64,107.57 (0.1%)
Ethereum ~ $2,760.19 (0.0%)
Solana ~ $157.96 (2.2%)
Polkadot ~ $4.86 (-0.2%)
Flow ~ $0.6047 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hong Kong Bitcoin ETFs top $250M AUM
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have surpassed 2 billion Hong Kong dollars (roughly $256 million) in assets under management (AUM).
The Hong Kong Bitcoin ETFs have had a relatively slow start compared to their United States counterparts.
According to data from SoSo Value, the three spot BTC ETFs in Hong Kong experienced a…
https://cryptoinsight.ae/hong-kong-bitcoin-etfs-top-250m-aum/
Website | Twitter | LinkedIn | Telegram
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) have surpassed 2 billion Hong Kong dollars (roughly $256 million) in assets under management (AUM).
The Hong Kong Bitcoin ETFs have had a relatively slow start compared to their United States counterparts.
According to data from SoSo Value, the three spot BTC ETFs in Hong Kong experienced a…
https://cryptoinsight.ae/hong-kong-bitcoin-etfs-top-250m-aum/
Website | Twitter | LinkedIn | Telegram