Crypto liquidations may be way worse than data has let on, suggest researchers
The amount and scale of crypto market liquidations could be much worse than data from major exchanges suggest, according to a researcher.
On Aug. 29, K33 Research senior analyst Vetle Lunde reported that major cryptocurrency exchanges such as Binance, Bybit, and OKX had significantly altered their reporting of liquidation data since 2021.
These alterations meant…
https://cryptoinsight.ae/crypto-liquidations-may-be-way-worse-than-data-has-let-on-suggest-researchers/
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The amount and scale of crypto market liquidations could be much worse than data from major exchanges suggest, according to a researcher.
On Aug. 29, K33 Research senior analyst Vetle Lunde reported that major cryptocurrency exchanges such as Binance, Bybit, and OKX had significantly altered their reporting of liquidation data since 2021.
These alterations meant…
https://cryptoinsight.ae/crypto-liquidations-may-be-way-worse-than-data-has-let-on-suggest-researchers/
Website | Twitter | LinkedIn | Telegram
Whales hoarding Bitcoin: Wallets with 100 or more hit 17-month high
The number of Bitcoin wallets holding 100 BTC or more has just hit a 17-month high, after a surge in hodling over the past month.
Data shared by Blockchain analytics platform Santiment in an Aug. 31 X post, shows over 283 wallets managed to cross the 100 Bitcoin mark in August.
“As crypto prices have…
https://cryptoinsight.ae/whales-hoarding-bitcoin-wallets-with-100-or-more-hit-17-month-high/
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The number of Bitcoin wallets holding 100 BTC or more has just hit a 17-month high, after a surge in hodling over the past month.
Data shared by Blockchain analytics platform Santiment in an Aug. 31 X post, shows over 283 wallets managed to cross the 100 Bitcoin mark in August.
“As crypto prices have…
https://cryptoinsight.ae/whales-hoarding-bitcoin-wallets-with-100-or-more-hit-17-month-high/
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Cardano’s Chang hard fork successful as it shifts to decentralized governance
The Cardano blockchain has successfully undergone its highly-anticipated hard fork, bringing upgrades to voting mechanisms and smart contracts, and heralding a new era of decentralized governance.
On Sept. 1, at 21:44 UTC at block 10764778, the layer-1 proof-of-stake blockchain Cardano underwent the Chang upgrade which ushered in what the project calls the “Conway ledger era.”…
https://cryptoinsight.ae/cardanos-chang-hard-fork-successful-as-it-shifts-to-decentralized-governance/
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The Cardano blockchain has successfully undergone its highly-anticipated hard fork, bringing upgrades to voting mechanisms and smart contracts, and heralding a new era of decentralized governance.
On Sept. 1, at 21:44 UTC at block 10764778, the layer-1 proof-of-stake blockchain Cardano underwent the Chang upgrade which ushered in what the project calls the “Conway ledger era.”…
https://cryptoinsight.ae/cardanos-chang-hard-fork-successful-as-it-shifts-to-decentralized-governance/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $59,010.02 (2.1%)
Ethereum ~ $2,516.36 (2.8%)
Solana ~ $134.33 (4.1%)
Polkadot ~ $4.25 (3.5%)
Flow ~ $0.5786 (8.9%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $59,010.02 (2.1%)
Ethereum ~ $2,516.36 (2.8%)
Solana ~ $134.33 (4.1%)
Polkadot ~ $4.25 (3.5%)
Flow ~ $0.5786 (8.9%)
Follow and subscribe - @GulfCryptoInsight
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Qatar introduces regulatory framework for digital assets
The Qatar Financial Centre (QFC), a business center based in Doha, Qatar, has released a comprehensive regime for regulating and creating digital assets.
The QFC’s regulators — the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) — announced a framework that establishes a foundation for digital assets in the QFC.
The…
https://cryptoinsight.ae/qatar-introduces-regulatory-framework-for-digital-assets/
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The Qatar Financial Centre (QFC), a business center based in Doha, Qatar, has released a comprehensive regime for regulating and creating digital assets.
The QFC’s regulators — the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) — announced a framework that establishes a foundation for digital assets in the QFC.
The…
https://cryptoinsight.ae/qatar-introduces-regulatory-framework-for-digital-assets/
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Ethereum layer-1 network revenue collapses — What’s causing it?
Ethereum layer-1 network revenue has plummeted by 99% since March 2024, despite a dramatic increase in monthly users and daily transaction costs on layer 2s.
According to data from Token Terminal, network fees hit their highest levels for the year on March 5, 2024, at $35.5 million. The Dencun upgrade — which significantly reduced fees…
https://cryptoinsight.ae/ethereum-layer-1-network-revenue-collapses-whats-causing-it/
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Ethereum layer-1 network revenue has plummeted by 99% since March 2024, despite a dramatic increase in monthly users and daily transaction costs on layer 2s.
According to data from Token Terminal, network fees hit their highest levels for the year on March 5, 2024, at $35.5 million. The Dencun upgrade — which significantly reduced fees…
https://cryptoinsight.ae/ethereum-layer-1-network-revenue-collapses-whats-causing-it/
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Empowering the next generation of blockchain projects: Interview with BingX Labs
The rapid evolution of blockchain technology is reshaping industries by enabling greater decentralization, security, and user empowerment. As new use cases emerge and adoption grows, the demand for innovative blockchain solutions is higher than ever, particularly in sectors like finance, digital identity and beyond.
In response to this trend, BingX, a prominent cryptocurrency exchange, is…
https://cryptoinsight.ae/empowering-the-next-generation-of-blockchain-projects-interview-with-bingx-labs/
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The rapid evolution of blockchain technology is reshaping industries by enabling greater decentralization, security, and user empowerment. As new use cases emerge and adoption grows, the demand for innovative blockchain solutions is higher than ever, particularly in sectors like finance, digital identity and beyond.
In response to this trend, BingX, a prominent cryptocurrency exchange, is…
https://cryptoinsight.ae/empowering-the-next-generation-of-blockchain-projects-interview-with-bingx-labs/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.06 Trillion, a -6.0% change in the last 24 hours
Bitcoin ~ $56,238.43 (-4.5%)
Ethereum ~ $2,371.59 (-5.7%)
Solana ~ $127.57 (-5.0%)
Polkadot ~ $4.05 (-4.7%)
Flow ~ $0.5437 (-5.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.06 Trillion, a -6.0% change in the last 24 hours
Bitcoin ~ $56,238.43 (-4.5%)
Ethereum ~ $2,371.59 (-5.7%)
Solana ~ $127.57 (-5.0%)
Polkadot ~ $4.05 (-4.7%)
Flow ~ $0.5437 (-5.8%)
Follow and subscribe - @GulfCryptoInsight
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21.co launches Bitcoin wrapper on Ethereum
21.co, the parent of cryptocurrency asset manager 21Shares, is launching its own Bitcoin wrapper — 21.co Wrapped Bitcoin (21BTC) — on the Ethereum blockchain network, according to a Sept. 3 announcement.
Launching 21BTC expands 21.co’s existing suite of wrapped tokens on Ethereum, including wrapped Avalanche, Polkadot and Solana tokens. 21.co launched 21BTC on Solana in…
https://cryptoinsight.ae/21-co-launches-bitcoin-wrapper-on-ethereum/
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21.co, the parent of cryptocurrency asset manager 21Shares, is launching its own Bitcoin wrapper — 21.co Wrapped Bitcoin (21BTC) — on the Ethereum blockchain network, according to a Sept. 3 announcement.
Launching 21BTC expands 21.co’s existing suite of wrapped tokens on Ethereum, including wrapped Avalanche, Polkadot and Solana tokens. 21.co launched 21BTC on Solana in…
https://cryptoinsight.ae/21-co-launches-bitcoin-wrapper-on-ethereum/
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New zero-KYC proposal aims to secure P2P crypto transactions
A Reddit user, ShadowOfHarbringer, has introduced a draft proposal for a “Zero-KYC Assurance Mechanism for Fiduciary Money Transfer” (ZKAM-FMT).
The proposal aims to prevent man-in-the-middle (MitM) financial scams in peer-to-peer (P2P) cryptocurrency markets.
ZKAM-FMT sets out to secure transactions without relying on Know Your Customer (KYC) processes, which have been seen as burdensome and invasive…
https://cryptoinsight.ae/new-zero-kyc-proposal-aims-to-secure-p2p-crypto-transactions/
Website | Twitter | LinkedIn | Telegram
A Reddit user, ShadowOfHarbringer, has introduced a draft proposal for a “Zero-KYC Assurance Mechanism for Fiduciary Money Transfer” (ZKAM-FMT).
The proposal aims to prevent man-in-the-middle (MitM) financial scams in peer-to-peer (P2P) cryptocurrency markets.
ZKAM-FMT sets out to secure transactions without relying on Know Your Customer (KYC) processes, which have been seen as burdensome and invasive…
https://cryptoinsight.ae/new-zero-kyc-proposal-aims-to-secure-p2p-crypto-transactions/
Website | Twitter | LinkedIn | Telegram
Ripple to add smart contracts to XRP Ledger
Cross-border payments company Ripple announced that it will add smart contracts to the XRP Ledger (XRPL) developer ecosystem.
Ripple announced that the move would open various use cases for users, builders and entrepreneurs. It aims to attract developers to use XRPL’s expanded capabilities. According to Ripple, the smart contracts feature is set to go live…
https://cryptoinsight.ae/ripple-to-add-smart-contracts-to-xrp-ledger/
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Cross-border payments company Ripple announced that it will add smart contracts to the XRP Ledger (XRPL) developer ecosystem.
Ripple announced that the move would open various use cases for users, builders and entrepreneurs. It aims to attract developers to use XRPL’s expanded capabilities. According to Ripple, the smart contracts feature is set to go live…
https://cryptoinsight.ae/ripple-to-add-smart-contracts-to-xrp-ledger/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $57,010.02 (0.7%)
Ethereum ~ $2,382.29 (0.2%)
Solana ~ $131.41 (2.3%)
Polkadot ~ $3.99 (-1.6%)
Flow ~ $0.5407 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $57,010.02 (0.7%)
Ethereum ~ $2,382.29 (0.2%)
Solana ~ $131.41 (2.3%)
Polkadot ~ $3.99 (-1.6%)
Flow ~ $0.5407 (-0.7%)
Follow and subscribe - @GulfCryptoInsight
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Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
Polygon’s native cryptocurrency has executed a key technical upgrade to enhance its utility and usher in Polygon 2.0.
Polygon’s token was upgraded to its new Polygon Ecosystem Token (POL) token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.
The upgrade…
https://cryptoinsight.ae/polygons-matic-upgraded-to-pol-driving-hyperproductive-token-utility/
Website | Twitter | LinkedIn | Telegram
Polygon’s native cryptocurrency has executed a key technical upgrade to enhance its utility and usher in Polygon 2.0.
Polygon’s token was upgraded to its new Polygon Ecosystem Token (POL) token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.
The upgrade…
https://cryptoinsight.ae/polygons-matic-upgraded-to-pol-driving-hyperproductive-token-utility/
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New regulators are set to define Europe’s crypto policies
It’s an election year around the globe, and the European Union is no exception. The European Parliament will vote this autumn on a new European Commission, which converts political priorities into draft legislation.
The new commission will not take office until November at the earliest, so it is still too early to assess the impact…
https://cryptoinsight.ae/new-regulators-are-set-to-define-europes-crypto-policies/
Website | Twitter | LinkedIn | Telegram
It’s an election year around the globe, and the European Union is no exception. The European Parliament will vote this autumn on a new European Commission, which converts political priorities into draft legislation.
The new commission will not take office until November at the earliest, so it is still too early to assess the impact…
https://cryptoinsight.ae/new-regulators-are-set-to-define-europes-crypto-policies/
Website | Twitter | LinkedIn | Telegram
EigenLayer rolls out ‘major update’ to restaking contracts
Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.
The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether staked on Ethereum’s Beacon…
https://cryptoinsight.ae/eigenlayer-rolls-out-major-update-to-restaking-contracts/
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Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.
The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether staked on Ethereum’s Beacon…
https://cryptoinsight.ae/eigenlayer-rolls-out-major-update-to-restaking-contracts/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $56,394.37 (-0.1%)
Ethereum ~ $2,378.75 (-0.7%)
Solana ~ $130.08 (-1.2%)
Polkadot ~ $4.03 (0.0%)
Flow ~ $0.5309 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $56,394.37 (-0.1%)
Ethereum ~ $2,378.75 (-0.7%)
Solana ~ $130.08 (-1.2%)
Polkadot ~ $4.03 (0.0%)
Flow ~ $0.5309 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
AggLayer will connect all Web3, including L1s like Ether and Solana — Polygon Labs CEO
Polygon’s ultimate vision is to unify the entire Web3 space, including all the siloed blockchain networks.
Polygon aims to achieve this through its AggLayer — short for aggregation layer — which is similar to a cross-chain interoperability protocol aiming to connect blockchain networks.
Ultimately, AggLayer aims to connect all the blockchain space, including layer-1 networks…
https://cryptoinsight.ae/agglayer-will-connect-all-web3-including-l1s-like-ether-and-solana-polygon-labs-ceo/
Website | Twitter | LinkedIn | Telegram
Polygon’s ultimate vision is to unify the entire Web3 space, including all the siloed blockchain networks.
Polygon aims to achieve this through its AggLayer — short for aggregation layer — which is similar to a cross-chain interoperability protocol aiming to connect blockchain networks.
Ultimately, AggLayer aims to connect all the blockchain space, including layer-1 networks…
https://cryptoinsight.ae/agglayer-will-connect-all-web3-including-l1s-like-ether-and-solana-polygon-labs-ceo/
Website | Twitter | LinkedIn | Telegram
Over 600 Bitcoin ATMs went offline globally in 2 months
More than 600 Bitcoin ATMs went offline globally in the first two months of Q3 2024, with the United States recording the most shutdowns. This comes at a time when law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM…
https://cryptoinsight.ae/over-600-bitcoin-atms-went-offline-globally-in-2-months/
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More than 600 Bitcoin ATMs went offline globally in the first two months of Q3 2024, with the United States recording the most shutdowns. This comes at a time when law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM…
https://cryptoinsight.ae/over-600-bitcoin-atms-went-offline-globally-in-2-months/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $54,162.05 (-4.0%)
Ethereum ~ $2,271.78 (-4.5%)
Solana ~ $127.35 (-2.1%)
Polkadot ~ $4.04 (0.2%)
Flow ~ $0.5213 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $54,162.05 (-4.0%)
Ethereum ~ $2,271.78 (-4.5%)
Solana ~ $127.35 (-2.1%)
Polkadot ~ $4.04 (0.2%)
Flow ~ $0.5213 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto venture capital funding surges to $633M in August rebound
Crypto venture capitalist (VC) funding had a resurgence in August despite the summer illiquidity in the wider crypto markets.
Crypto VC funding rose to $633 million in August, up over 15% from $550 million in July, according to DefiLlama data.
Most of the VC interest was captured by blockchain infrastructure development firms, according to Luca…
https://cryptoinsight.ae/crypto-venture-capital-funding-surges-to-633m-in-august-rebound/
Website | Twitter | LinkedIn | Telegram
Crypto venture capitalist (VC) funding had a resurgence in August despite the summer illiquidity in the wider crypto markets.
Crypto VC funding rose to $633 million in August, up over 15% from $550 million in July, according to DefiLlama data.
Most of the VC interest was captured by blockchain infrastructure development firms, according to Luca…
https://cryptoinsight.ae/crypto-venture-capital-funding-surges-to-633m-in-august-rebound/
Website | Twitter | LinkedIn | Telegram