Sony debuts Soneium Minato testnet, Web3 developer incubator
Sony Block Solutions Labs (Sony BSL) launched the Soneium Minato public testnet and Soneium Spark incubator on Aug. 28. The layer-2 Soneium blockchain, developed by Singapore-based Startale Labs, a Sony subsidiary, debuted a week earlier as Sony’s boldest move into the Web3 space so far.
Soneium Spark will offer developers a package of benefits that…
https://cryptoinsight.ae/sony-debuts-soneium-minato-testnet-web3-developer-incubator/
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Sony Block Solutions Labs (Sony BSL) launched the Soneium Minato public testnet and Soneium Spark incubator on Aug. 28. The layer-2 Soneium blockchain, developed by Singapore-based Startale Labs, a Sony subsidiary, debuted a week earlier as Sony’s boldest move into the Web3 space so far.
Soneium Spark will offer developers a package of benefits that…
https://cryptoinsight.ae/sony-debuts-soneium-minato-testnet-web3-developer-incubator/
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New node certification could coax more institutions into Ether staking
A consortium of crypto companies, including Coinbase and Blockdaemon, has launched a new node operator standard named NORS — with the aim of attracting more institutional investors to Ethereum staking.
In an announcement on Aug. 27, the companies announced the launch of the Node Operator Risk Standard (NORS), giving Ether node operators the chance to…
https://cryptoinsight.ae/new-node-certification-could-coax-more-institutions-into-ether-staking/
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A consortium of crypto companies, including Coinbase and Blockdaemon, has launched a new node operator standard named NORS — with the aim of attracting more institutional investors to Ethereum staking.
In an announcement on Aug. 27, the companies announced the launch of the Node Operator Risk Standard (NORS), giving Ether node operators the chance to…
https://cryptoinsight.ae/new-node-certification-could-coax-more-institutions-into-ether-staking/
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CoinDCX’s Okto wallet secures operational license in UAE free zone
Okto, the self-custodial wallet of the Indian crypto exchange CoinDCX, officially received its license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the United Arab Emirates.
On Aug. 27, Okto announced that it secured an operational license from RAK DAO. This allows the Web3 wallet to legally operate in the UAE. The…
https://cryptoinsight.ae/coindcxs-okto-wallet-secures-operational-license-in-uae-free-zone/
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Okto, the self-custodial wallet of the Indian crypto exchange CoinDCX, officially received its license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the United Arab Emirates.
On Aug. 27, Okto announced that it secured an operational license from RAK DAO. This allows the Web3 wallet to legally operate in the UAE. The…
https://cryptoinsight.ae/coindcxs-okto-wallet-secures-operational-license-in-uae-free-zone/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.19 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $59,491.23 (0.6%)
Ethereum ~ $2,549.35 (3.4%)
Solana ~ $144.76 (-1.7%)
Polkadot ~ $4.32 (-1.1%)
Flow ~ $0.5485 (1.3%)
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Day started from:
The global cryptocurrency market cap today is $2.19 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $59,491.23 (0.6%)
Ethereum ~ $2,549.35 (3.4%)
Solana ~ $144.76 (-1.7%)
Polkadot ~ $4.32 (-1.1%)
Flow ~ $0.5485 (1.3%)
Follow and subscribe - @GulfCryptoInsight
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Starknet rolls out parallel execution in latest update
Starknet, a layer-2 blockchain, has rolled out a significant upgrade dubbed version 0.13.2, introducing parallel execution to its network functionality.
According to a press release shared with Cointelegraph, the update will allow Starknet to process multiple transactions simultaneously, which is noted to be the first of an L2 network on Ethereum mainnet.
In the press…
https://cryptoinsight.ae/starknet-rolls-out-parallel-execution-in-latest-update/
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Starknet, a layer-2 blockchain, has rolled out a significant upgrade dubbed version 0.13.2, introducing parallel execution to its network functionality.
According to a press release shared with Cointelegraph, the update will allow Starknet to process multiple transactions simultaneously, which is noted to be the first of an L2 network on Ethereum mainnet.
In the press…
https://cryptoinsight.ae/starknet-rolls-out-parallel-execution-in-latest-update/
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Bitfarms assumes control of 120 MW mining mega-site in US
Bitcoin mining company Bitfarms has assumed control of its newest data center in Sharon, Pennsylvania, representing the company’s first mega-site in the United States with access to up to 120 megawatts of power capacity. With this, Bitfarms has closed on 110 megawatts (MW).
The company said it has already ordered the necessary equipment and expects…
https://cryptoinsight.ae/bitfarms-assumes-control-of-120-mw-mining-mega-site-in-us/
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Bitcoin mining company Bitfarms has assumed control of its newest data center in Sharon, Pennsylvania, representing the company’s first mega-site in the United States with access to up to 120 megawatts of power capacity. With this, Bitfarms has closed on 110 megawatts (MW).
The company said it has already ordered the necessary equipment and expects…
https://cryptoinsight.ae/bitfarms-assumes-control-of-120-mw-mining-mega-site-in-us/
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This is how Web3 gaming aims to take over traditional platforms
The gaming world is abuzz with the potential of blockchain gaming, which attracts almost 3 million daily users. The popularity of blockchain in the gaming space has sparked debates about whether it could one day rival or even replace established platforms like Steam and the Epic Games Store.
Traditional platforms have set high standards for…
https://cryptoinsight.ae/this-is-how-web3-gaming-aims-to-take-over-traditional-platforms/
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The gaming world is abuzz with the potential of blockchain gaming, which attracts almost 3 million daily users. The popularity of blockchain in the gaming space has sparked debates about whether it could one day rival or even replace established platforms like Steam and the Epic Games Store.
Traditional platforms have set high standards for…
https://cryptoinsight.ae/this-is-how-web3-gaming-aims-to-take-over-traditional-platforms/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.17 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $58,956.02 (-1.1%)
Ethereum ~ $2,516.36 (-1.3%)
Solana ~ $138.54 (-4.2%)
Polkadot ~ $4.28 (-0.9%)
Flow ~ $0.5509 (0.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.17 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $58,956.02 (-1.1%)
Ethereum ~ $2,516.36 (-1.3%)
Solana ~ $138.54 (-4.2%)
Polkadot ~ $4.28 (-0.9%)
Flow ~ $0.5509 (0.6%)
Follow and subscribe - @GulfCryptoInsight
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Crypto.com, Standard Chartered partner for global fiat services
Crypto.com, a cryptocurrency exchange based in Singapore, has launched new global retail services in partnership with Standard Chartered Bank to offer customers United States dollars, euro and United Arab Emirates dirham options.
According to information shared with Cointelegraph, the services will enable users in over 90 countries to deposit and withdraw the aforementioned fiat currencies…
https://cryptoinsight.ae/crypto-com-standard-chartered-partner-for-global-fiat-services/
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Crypto.com, a cryptocurrency exchange based in Singapore, has launched new global retail services in partnership with Standard Chartered Bank to offer customers United States dollars, euro and United Arab Emirates dirham options.
According to information shared with Cointelegraph, the services will enable users in over 90 countries to deposit and withdraw the aforementioned fiat currencies…
https://cryptoinsight.ae/crypto-com-standard-chartered-partner-for-global-fiat-services/
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Aptos network integrates Nillion for privacy-preserving apps
Aptos is integrating privacy platform Nillion to support privacy-preserving applications on the layer-1 blockchain network, Nillion told Cointelegraph on Aug. 29.
Aptos will be able to support applications such as confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming and collectibles, and more, Nillion said.
“DeFi users could benefit from private…
https://cryptoinsight.ae/aptos-network-integrates-nillion-for-privacy-preserving-apps/
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Aptos is integrating privacy platform Nillion to support privacy-preserving applications on the layer-1 blockchain network, Nillion told Cointelegraph on Aug. 29.
Aptos will be able to support applications such as confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming and collectibles, and more, Nillion said.
“DeFi users could benefit from private…
https://cryptoinsight.ae/aptos-network-integrates-nillion-for-privacy-preserving-apps/
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Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi
Cryptocurrency hackers have now stolen over $1.2 billion, following the latest hacks in August, raising further concerns about widespread crypto adoption.
The crypto industry saw a total of $1.21 billion worth of digital assets lost to hacks and rug pulls year-to-date (YTD) in 2024 across 154 individual exploits.
This represents a 15.5% increase compared to…
https://cryptoinsight.ae/crypto-hackers-surpass-1-2-billion-stolen-in-2024-immunefi/
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Cryptocurrency hackers have now stolen over $1.2 billion, following the latest hacks in August, raising further concerns about widespread crypto adoption.
The crypto industry saw a total of $1.21 billion worth of digital assets lost to hacks and rug pulls year-to-date (YTD) in 2024 across 154 individual exploits.
This represents a 15.5% increase compared to…
https://cryptoinsight.ae/crypto-hackers-surpass-1-2-billion-stolen-in-2024-immunefi/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $59,228.15 (0.5%)
Ethereum ~ $2,526.52 (0.5%)
Solana ~ $138.15 (-0.2%)
Polkadot ~ $4.30 (0.4%)
Flow ~ $0.5584 (1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $59,228.15 (0.5%)
Ethereum ~ $2,526.52 (0.5%)
Solana ~ $138.15 (-0.2%)
Polkadot ~ $4.30 (0.4%)
Flow ~ $0.5584 (1.4%)
Follow and subscribe - @GulfCryptoInsight
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Singapore, Hong Kong and UAE lead in crypto adoption: Report
A study reveals that Singapore has claimed the top position in global cryptocurrency adoption, with Hong Kong and the United Arab Emirates following closely behind.
The Henley Crypto Adoption Index 2024, released by the investment migration consultancy firm Henley & Partners, studied the state of crypto adoption in different countries.
The researchers ranked various jurisdictions…
https://cryptoinsight.ae/singapore-hong-kong-and-uae-lead-in-crypto-adoption-report/
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A study reveals that Singapore has claimed the top position in global cryptocurrency adoption, with Hong Kong and the United Arab Emirates following closely behind.
The Henley Crypto Adoption Index 2024, released by the investment migration consultancy firm Henley & Partners, studied the state of crypto adoption in different countries.
The researchers ranked various jurisdictions…
https://cryptoinsight.ae/singapore-hong-kong-and-uae-lead-in-crypto-adoption-report/
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Banks face new risks from permissionless blockchains, BIS warns
Permissionless blockchain networks, such as the Ethereum blockchain, pose several risks that banks have yet to fully address, according to a new paper published on the Bank for International Settlements (BIS) website.
The Basel Committee on Banking Supervision (BCBS), a committee of banking supervisors established by the G10 central bank governors, issued a working paper…
https://cryptoinsight.ae/banks-face-new-risks-from-permissionless-blockchains-bis-warns/
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Permissionless blockchain networks, such as the Ethereum blockchain, pose several risks that banks have yet to fully address, according to a new paper published on the Bank for International Settlements (BIS) website.
The Basel Committee on Banking Supervision (BCBS), a committee of banking supervisors established by the G10 central bank governors, issued a working paper…
https://cryptoinsight.ae/banks-face-new-risks-from-permissionless-blockchains-bis-warns/
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Solutions without problems: How many Ethereum layer 2s are too many?
Ethereum’s Dencun update has led to a Cambrian explosion of layer 2s, but industry insiders say there are already far too many.
There are 73 layer-2 blockchains listed on L2beat, with 82 in the pipeline.
Adrian Brink, co-founder and CEO of the intent-based blockchain Anoma, believes that’s 10 times more than the industry actually requires.…
https://cryptoinsight.ae/solutions-without-problems-how-many-ethereum-layer-2s-are-too-many/
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Ethereum’s Dencun update has led to a Cambrian explosion of layer 2s, but industry insiders say there are already far too many.
There are 73 layer-2 blockchains listed on L2beat, with 82 in the pipeline.
Adrian Brink, co-founder and CEO of the intent-based blockchain Anoma, believes that’s 10 times more than the industry actually requires.…
https://cryptoinsight.ae/solutions-without-problems-how-many-ethereum-layer-2s-are-too-many/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $58,119.20 (-1.9%)
Ethereum ~ $2,471.95 (-2.2%)
Solana ~ $132.17 (-4.3%)
Polkadot ~ $4.18 (-2.7%)
Flow ~ $0.5432 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $58,119.20 (-1.9%)
Ethereum ~ $2,471.95 (-2.2%)
Solana ~ $132.17 (-4.3%)
Polkadot ~ $4.18 (-2.7%)
Flow ~ $0.5432 (-2.7%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin must reach a ‘higher high’ to confirm uptrend after dip below $58K
Bitcoin’s next move needs to print a bullish “higher high” on the price chart to keep its uptrend intact after recently dropping below $58,000, according to a crypto analyst.
“We really need to start to bounce out of this and make a higher high to further confirm that we are in this uptrend that we’ve…
https://cryptoinsight.ae/bitcoin-must-reach-a-higher-high-to-confirm-uptrend-after-dip-below-58k/
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Bitcoin’s next move needs to print a bullish “higher high” on the price chart to keep its uptrend intact after recently dropping below $58,000, according to a crypto analyst.
“We really need to start to bounce out of this and make a higher high to further confirm that we are in this uptrend that we’ve…
https://cryptoinsight.ae/bitcoin-must-reach-a-higher-high-to-confirm-uptrend-after-dip-below-58k/
Website | Twitter | LinkedIn | Telegram
Coinbase sees first crypto transaction between AI agents
Coinbase CEO Brian Armstrong recently oversaw his first crypto transaction completely managed by artificial intelligence bots, following several industry efforts to develop platforms for AI agents to execute transactions.
“This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction,” Coinbase CEO Brian Armstrong wrote in an Aug. 30 X post.
Armstrong says…
https://cryptoinsight.ae/coinbase-sees-first-crypto-transaction-between-ai-agents/
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Coinbase CEO Brian Armstrong recently oversaw his first crypto transaction completely managed by artificial intelligence bots, following several industry efforts to develop platforms for AI agents to execute transactions.
“This week at @CoinbaseDev we witnessed our first AI to AI crypto transaction,” Coinbase CEO Brian Armstrong wrote in an Aug. 30 X post.
Armstrong says…
https://cryptoinsight.ae/coinbase-sees-first-crypto-transaction-between-ai-agents/
Website | Twitter | LinkedIn | Telegram
Why is the SEC going after digital art and monkey pictures?
The United States Securities and Exchange Commission issued a Wells notice to OpenSea on Aug. 28, stating that the non-fungible token (NFT) exchange had served as a marketplace for unregistered securities.
OpenSea CEO Devin Finzer said he was “shocked” by the SEC action.
The crypto community protested the notice, which serves as a warning that…
https://cryptoinsight.ae/why-is-the-sec-going-after-digital-art-and-monkey-pictures/
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The United States Securities and Exchange Commission issued a Wells notice to OpenSea on Aug. 28, stating that the non-fungible token (NFT) exchange had served as a marketplace for unregistered securities.
OpenSea CEO Devin Finzer said he was “shocked” by the SEC action.
The crypto community protested the notice, which serves as a warning that…
https://cryptoinsight.ae/why-is-the-sec-going-after-digital-art-and-monkey-pictures/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.11 Trillion, a -2.4% change in the last 24 hours
Bitcoin ~ $57,796.58 (-0.6%)
Ethereum ~ $2,449.81 (-0.9%)
Solana ~ $129.06 (-2.4%)
Polkadot ~ $4.11 (-1.7%)
Flow ~ $0.5312 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.11 Trillion, a -2.4% change in the last 24 hours
Bitcoin ~ $57,796.58 (-0.6%)
Ethereum ~ $2,449.81 (-0.9%)
Solana ~ $129.06 (-2.4%)
Polkadot ~ $4.11 (-1.7%)
Flow ~ $0.5312 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram