Hello there!
Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $72,403.01 (1.9%)
Ethereum ~ $2,673.81 (2.1%)
Solana ~ $179.77 (-0.5%)
Polkadot ~ $4.21 (1.3%)
Flow ~ $0.5497 (4.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.55 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $72,403.01 (1.9%)
Ethereum ~ $2,673.81 (2.1%)
Solana ~ $179.77 (-0.5%)
Polkadot ~ $4.21 (1.3%)
Flow ~ $0.5497 (4.3%)
Follow and subscribe - @GulfCryptoInsight
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Visa and Coinbase partner for instant crypto buys on debit cards
Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership.
“Coinbase already has millions of users with a debit card connected to their account,” Visa said in an Oct. 29 statement. It added United…
https://cryptoinsight.ae/visa-and-coinbase-partner-for-instant-crypto-buys-on-debit-cards/
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Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership.
“Coinbase already has millions of users with a debit card connected to their account,” Visa said in an Oct. 29 statement. It added United…
https://cryptoinsight.ae/visa-and-coinbase-partner-for-instant-crypto-buys-on-debit-cards/
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Solayer, OpenEden launch Treasury-backed stablecoin on Solana
Solayer and OpenEden are launching a yield-bearing stablecoin on Solana backed by United States Treasury bills, according to an Oct. 28 announcement.
Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform.
“[A]nyone with $5 can…
https://cryptoinsight.ae/solayer-openeden-launch-treasury-backed-stablecoin-on-solana/
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Solayer and OpenEden are launching a yield-bearing stablecoin on Solana backed by United States Treasury bills, according to an Oct. 28 announcement.
Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform.
“[A]nyone with $5 can…
https://cryptoinsight.ae/solayer-openeden-launch-treasury-backed-stablecoin-on-solana/
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Optimizing crypto ecosystem development: Interview with Unlimit’s Bryan Feng
The adoption of cryptocurrencies is accelerating, demanding a scalable and reliable bridge between traditional finance (TradFi) and decentralized finance (DeFi).
Global fintech firm Unlimit aims to simplify the exchange between fiat and digital currencies for businesses and users with its crypto on-ramp and off-ramp solution.
In this interview, Bryan Feng, head of crypto at Unlimit,…
https://cryptoinsight.ae/optimizing-crypto-ecosystem-development-interview-with-unlimits-bryan-feng/
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The adoption of cryptocurrencies is accelerating, demanding a scalable and reliable bridge between traditional finance (TradFi) and decentralized finance (DeFi).
Global fintech firm Unlimit aims to simplify the exchange between fiat and digital currencies for businesses and users with its crypto on-ramp and off-ramp solution.
In this interview, Bryan Feng, head of crypto at Unlimit,…
https://cryptoinsight.ae/optimizing-crypto-ecosystem-development-interview-with-unlimits-bryan-feng/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $72,295.39 (-0.1%)
Ethereum ~ $2,649.07 (-0.9%)
Solana ~ $175.07 (-2.6%)
Polkadot ~ $4.16 (-1.2%)
Flow ~ $0.5362 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.54 Trillion, a -2.0% change in the last 24 hours
Bitcoin ~ $72,295.39 (-0.1%)
Ethereum ~ $2,649.07 (-0.9%)
Solana ~ $175.07 (-2.6%)
Polkadot ~ $4.16 (-1.2%)
Flow ~ $0.5362 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Starknet hits record 857 TPS, averages 127.5 in stress test
On Oct. 29, Starknet, a layer-2 (L2) scaling solution on Ethereum, achieved a new milestone by reaching a peak of 857 transactions per second (TPS) in a controlled stress test.
The test averaged 127.5 TPS over a 24-hour period, showing the network’s potential to support high-demand blockchain applications, but also raising questions about long-term scalability.…
https://cryptoinsight.ae/starknet-hits-record-857-tps-averages-127-5-in-stress-test/
Website | Twitter | LinkedIn | Telegram
On Oct. 29, Starknet, a layer-2 (L2) scaling solution on Ethereum, achieved a new milestone by reaching a peak of 857 transactions per second (TPS) in a controlled stress test.
The test averaged 127.5 TPS over a 24-hour period, showing the network’s potential to support high-demand blockchain applications, but also raising questions about long-term scalability.…
https://cryptoinsight.ae/starknet-hits-record-857-tps-averages-127-5-in-stress-test/
Website | Twitter | LinkedIn | Telegram
Stablecoins boosting demand for US T-bills: Treasury Dept
Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30.
In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization, with one member suggesting the US…
https://cryptoinsight.ae/stablecoins-boosting-demand-for-us-t-bills-treasury-dept/
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Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30.
In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization, with one member suggesting the US…
https://cryptoinsight.ae/stablecoins-boosting-demand-for-us-t-bills-treasury-dept/
Website | Twitter | LinkedIn | Telegram
BlackRock Bitcoin ETF breaks $30B; US ETFs set to hit 1M BTC holdings
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency.
The world’s largest asset manager reached the $30 billion mark less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10.
BlackRock currently holds more than 417,000 Bitcoin worth over $30.4…
https://cryptoinsight.ae/blackrock-bitcoin-etf-breaks-30b-us-etfs-set-to-hit-1m-btc-holdings/
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BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency.
The world’s largest asset manager reached the $30 billion mark less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10.
BlackRock currently holds more than 417,000 Bitcoin worth over $30.4…
https://cryptoinsight.ae/blackrock-bitcoin-etf-breaks-30b-us-etfs-set-to-hit-1m-btc-holdings/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $69,328.98 (-4.1%)
Ethereum ~ $2,500.91 (-5.6%)
Solana ~ $165.80 (-5.3%)
Polkadot ~ $3.91 (-5.9%)
Flow ~ $0.506 (-5.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $69,328.98 (-4.1%)
Ethereum ~ $2,500.91 (-5.6%)
Solana ~ $165.80 (-5.3%)
Polkadot ~ $3.91 (-5.9%)
Flow ~ $0.506 (-5.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum reclaims 42% outflows from Solana — DeFi Report
While Solana has received inflows from other blockchains, a large portion of that value made it back to Ethereum, according to Michael Nadeau, founder of The DeFi Report.
In an X post, Nadeau said that Solana needs to pull total value locked (TVL) from Ethereum and layer-2 networks. He wrote:
“[…] But the only thing…
https://cryptoinsight.ae/ethereum-reclaims-42-outflows-from-solana-defi-report/
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While Solana has received inflows from other blockchains, a large portion of that value made it back to Ethereum, according to Michael Nadeau, founder of The DeFi Report.
In an X post, Nadeau said that Solana needs to pull total value locked (TVL) from Ethereum and layer-2 networks. He wrote:
“[…] But the only thing…
https://cryptoinsight.ae/ethereum-reclaims-42-outflows-from-solana-defi-report/
Website | Twitter | LinkedIn | Telegram
Binance founder CZ sees positive shift in crypto regulation worldwide
Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is optimistic about the future of global crypto regulations ahead of the upcoming United States presidential election.
Cryptocurrency regulations are heading in a promising direction worldwide, Zhao said during his first public speech since his release from prison in the US.
During an Oct. 31…
https://cryptoinsight.ae/binance-founder-cz-sees-positive-shift-in-crypto-regulation-worldwide/
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Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is optimistic about the future of global crypto regulations ahead of the upcoming United States presidential election.
Cryptocurrency regulations are heading in a promising direction worldwide, Zhao said during his first public speech since his release from prison in the US.
During an Oct. 31…
https://cryptoinsight.ae/binance-founder-cz-sees-positive-shift-in-crypto-regulation-worldwide/
Website | Twitter | LinkedIn | Telegram
Coinbase sees largest single-day decline in 2 years amid stock market wipeout
Shares in crypto exchange Coinbase Global Inc (COIN) have experienced its largest significant single-day decline in over two years after its latest earnings missed analyst estimates alongside a stock market plummet.
However, traders are confident that the stock will make a strong comeback in 2025.
On Oct. 31, COIN closed the trading day at $179.25,…
https://cryptoinsight.ae/coinbase-sees-largest-single-day-decline-in-2-years-amid-stock-market-wipeout/
Website | Twitter | LinkedIn | Telegram
Shares in crypto exchange Coinbase Global Inc (COIN) have experienced its largest significant single-day decline in over two years after its latest earnings missed analyst estimates alongside a stock market plummet.
However, traders are confident that the stock will make a strong comeback in 2025.
On Oct. 31, COIN closed the trading day at $179.25,…
https://cryptoinsight.ae/coinbase-sees-largest-single-day-decline-in-2-years-amid-stock-market-wipeout/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $69,558.20 (0.3%)
Ethereum ~ $2,505.99 (0.2%)
Solana ~ $166.31 (0.4%)
Polkadot ~ $3.93 (0.2%)
Flow ~ $0.5098 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $69,558.20 (0.3%)
Ethereum ~ $2,505.99 (0.2%)
Solana ~ $166.31 (0.4%)
Polkadot ~ $3.93 (0.2%)
Flow ~ $0.5098 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Intent-based trading: A fad or the future of DeFi?
Let’s be honest — DeFi is still pretty confusing for the masses.
Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages?
Well, there is a way for users to…
https://cryptoinsight.ae/intent-based-trading-a-fad-or-the-future-of-defi/
Website | Twitter | LinkedIn | Telegram
Let’s be honest — DeFi is still pretty confusing for the masses.
Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages?
Well, there is a way for users to…
https://cryptoinsight.ae/intent-based-trading-a-fad-or-the-future-of-defi/
Website | Twitter | LinkedIn | Telegram
Tether to launch dirham-pegged stablecoin on TON
Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain.
At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain.
On Aug. 21,…
https://cryptoinsight.ae/tether-to-launch-dirham-pegged-stablecoin-on-ton/
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Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain.
At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain.
On Aug. 21,…
https://cryptoinsight.ae/tether-to-launch-dirham-pegged-stablecoin-on-ton/
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Turkish investors prefer crypto over real estate and stocks — Survey
A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks.
The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with…
https://cryptoinsight.ae/turkish-investors-prefer-crypto-over-real-estate-and-stocks-survey/
Website | Twitter | LinkedIn | Telegram
A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks.
The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with…
https://cryptoinsight.ae/turkish-investors-prefer-crypto-over-real-estate-and-stocks-survey/
Website | Twitter | LinkedIn | Telegram
Stablecoin supply alone won’t pump Bitcoin markets — Ki Young Ju
As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher.
The CryptoQuant…
https://cryptoinsight.ae/stablecoin-supply-alone-wont-pump-bitcoin-markets-ki-young-ju/
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As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher.
The CryptoQuant…
https://cryptoinsight.ae/stablecoin-supply-alone-wont-pump-bitcoin-markets-ki-young-ju/
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Macro factors in Canada and US good for Bitcoin’s price — WonderFi CEO
Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…
https://cryptoinsight.ae/macro-factors-in-canada-and-us-good-for-bitcoins-price-wonderfi-ceo/
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Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…
https://cryptoinsight.ae/macro-factors-in-canada-and-us-good-for-bitcoins-price-wonderfi-ceo/
Website | Twitter | LinkedIn | Telegram
NFT sales surge 18% as all-time volume on Solana nears $6B
Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.
Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory.
It continued through September when NFTs reached their lowest monthly volume since 2021.
NFTs…
https://cryptoinsight.ae/nft-sales-surge-18-as-all-time-volume-on-solana-nears-6b/
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Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.
Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory.
It continued through September when NFTs reached their lowest monthly volume since 2021.
NFTs…
https://cryptoinsight.ae/nft-sales-surge-18-as-all-time-volume-on-solana-nears-6b/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $69,013.37 (0.8%)
Ethereum ~ $2,472.26 (0.9%)
Solana ~ $162.10 (-0.1%)
Polkadot ~ $3.79 (-0.5%)
Flow ~ $0.484 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $69,013.37 (0.8%)
Ethereum ~ $2,472.26 (0.9%)
Solana ~ $162.10 (-0.1%)
Polkadot ~ $3.79 (-0.5%)
Flow ~ $0.484 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram