SEC Chair Gary Gensler to step down
United States Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his hardline stance on cryptocurrency regulation, will depart from the agency on Jan. 20, 2025, the securities regulator said in a Nov. 21 announcement.
Gensler will leave the agency on the same day crypto-friendly President-elect Donald Trump starts his second presidential term, according…
https://cryptoinsight.ae/sec-chair-gary-gensler-to-step-down/
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his hardline stance on cryptocurrency regulation, will depart from the agency on Jan. 20, 2025, the securities regulator said in a Nov. 21 announcement.
Gensler will leave the agency on the same day crypto-friendly President-elect Donald Trump starts his second presidential term, according…
https://cryptoinsight.ae/sec-chair-gary-gensler-to-step-down/
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US Bitcoin ETF assets break $100 billion
United States Bitcoin (BTC) exchange-traded funds (ETFs) broke $100 billion in net assets for the first time on Nov. 21, according to data from Bloomberg Intelligence.
Bitcoin has dominated the ETF landscape since spot BTC ETFs launched in January. Investor interest accelerated after crypto-friendly President-elect Donald Trump prevailed on Nov. 5 in the US elections.…
https://cryptoinsight.ae/us-bitcoin-etf-assets-break-100-billion/
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United States Bitcoin (BTC) exchange-traded funds (ETFs) broke $100 billion in net assets for the first time on Nov. 21, according to data from Bloomberg Intelligence.
Bitcoin has dominated the ETF landscape since spot BTC ETFs launched in January. Investor interest accelerated after crypto-friendly President-elect Donald Trump prevailed on Nov. 5 in the US elections.…
https://cryptoinsight.ae/us-bitcoin-etf-assets-break-100-billion/
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UK to deliver comprehensive crypto regulation framework by early 2025
A draft regulatory framework for crypto assets will be ready in the United Kingdom early next year, a Treasury official promised at City & Financial Global’s Tokenisation Summit in London on Nov. 21.
Some regulations were expected last summer, but a general election overturned those plans along with the Conservative government of Prime Minister Rishi…
https://cryptoinsight.ae/uk-to-deliver-comprehensive-crypto-regulation-framework-by-early-2025/
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A draft regulatory framework for crypto assets will be ready in the United Kingdom early next year, a Treasury official promised at City & Financial Global’s Tokenisation Summit in London on Nov. 21.
Some regulations were expected last summer, but a general election overturned those plans along with the Conservative government of Prime Minister Rishi…
https://cryptoinsight.ae/uk-to-deliver-comprehensive-crypto-regulation-framework-by-early-2025/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $98,787.07 (-0.1%)
Ethereum ~ $3,350.96 (-0.5%)
Solana ~ $259.72 (0.1%)
Polkadot ~ $7.50 (20.6%)
Flow ~ $0.8144 (11.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $98,787.07 (-0.1%)
Ethereum ~ $3,350.96 (-0.5%)
Solana ~ $259.72 (0.1%)
Polkadot ~ $7.50 (20.6%)
Flow ~ $0.8144 (11.7%)
Follow and subscribe - @GulfCryptoInsight
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Blockchain Association outlines crypto priorities for Trump’s first 100 days
Washington, DC-based advocacy group Blockchain Association submitted a letter to Donald Trump on Nov. 22 beseeching the President-elect to prioritize radical cryptocurrency and blockchain regulatory reform during his first 100 days in office.
The brief letter was shared on the Association’s website. It lays out a five-point reformation plan for the incoming Trump administration’s first…
https://cryptoinsight.ae/blockchain-association-outlines-crypto-priorities-for-trumps-first-100-days/
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Washington, DC-based advocacy group Blockchain Association submitted a letter to Donald Trump on Nov. 22 beseeching the President-elect to prioritize radical cryptocurrency and blockchain regulatory reform during his first 100 days in office.
The brief letter was shared on the Association’s website. It lays out a five-point reformation plan for the incoming Trump administration’s first…
https://cryptoinsight.ae/blockchain-association-outlines-crypto-priorities-for-trumps-first-100-days/
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BNB Chain’s RWA ecosystem gets official provider with new collaboration
Brickken, a tokenization platform, has partnered with BNB Chain to enrich its real-world assets ecosystem.
Digitizing real-world assets such as real estate and financial instruments like equities and commodities on the blockchain allows for increased liquidity, transparency and broader market access. Tokenization is a process that unlocks a wider range of assets for investors while…
https://cryptoinsight.ae/bnb-chains-rwa-ecosystem-gets-official-provider-with-new-collaboration/
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Brickken, a tokenization platform, has partnered with BNB Chain to enrich its real-world assets ecosystem.
Digitizing real-world assets such as real estate and financial instruments like equities and commodities on the blockchain allows for increased liquidity, transparency and broader market access. Tokenization is a process that unlocks a wider range of assets for investors while…
https://cryptoinsight.ae/bnb-chains-rwa-ecosystem-gets-official-provider-with-new-collaboration/
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South Korea’s Delio declared bankrupt with $1.75B in assets lost
South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year.
Some hope of making customers whole
Delio will begin liquidation proceedings. Customers can make claims through Feb. 21,…
https://cryptoinsight.ae/south-koreas-delio-declared-bankrupt-with-1-75b-in-assets-lost/
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South Korean virtual asset deposit platform Delio was declared bankrupt by a court in Seoul on Nov. 22, according to multiple local press reports. Delio, which owes customers 245 billion won ($1.75 billion), halted withdrawals last year.
Some hope of making customers whole
Delio will begin liquidation proceedings. Customers can make claims through Feb. 21,…
https://cryptoinsight.ae/south-koreas-delio-declared-bankrupt-with-1-75b-in-assets-lost/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.51 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $98,209.36 (-0.6%)
Ethereum ~ $3,409.48 (1.8%)
Solana ~ $254.81 (-1.9%)
Polkadot ~ $9.00 (19.9%)
Flow ~ $0.9552 (17.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.51 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $98,209.36 (-0.6%)
Ethereum ~ $3,409.48 (1.8%)
Solana ~ $254.81 (-1.9%)
Polkadot ~ $9.00 (19.9%)
Flow ~ $0.9552 (17.3%)
Follow and subscribe - @GulfCryptoInsight
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Hash-based zero-knowledge tech can quantum-proof Ethereum — XinXin Fan
Dr. XinXin Fan, the head of cryptography at IoTeX, recently co-authored a research paper titled Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum. The research paper received a Best Paper award from the 2024 International Conference for Blockchain and argued that hash-based zero-knowledge technology is the most user-friendly way to quantum-proof the Ethereum network…
https://cryptoinsight.ae/hash-based-zero-knowledge-tech-can-quantum-proof-ethereum-xinxin-fan/
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Dr. XinXin Fan, the head of cryptography at IoTeX, recently co-authored a research paper titled Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum. The research paper received a Best Paper award from the 2024 International Conference for Blockchain and argued that hash-based zero-knowledge technology is the most user-friendly way to quantum-proof the Ethereum network…
https://cryptoinsight.ae/hash-based-zero-knowledge-tech-can-quantum-proof-ethereum-xinxin-fan/
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Bitcoin ETFs see $2.4B inflows as China ETFs hit record outflows
Spot Bitcoin exchange-traded funds (ETFs) saw their fourth-best week of investments, while China-based ETFs suffered their biggest week of outflows in history, flashing another positive sign for global Bitcoin adoption.
United States-based spot Bitcoin ETFs recorded a cumulative $2.42 billion worth of inflows during the trading week of Nov. 18–22, marking their fourth-largest week since…
https://cryptoinsight.ae/bitcoin-etfs-see-2-4b-inflows-as-china-etfs-hit-record-outflows/
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Spot Bitcoin exchange-traded funds (ETFs) saw their fourth-best week of investments, while China-based ETFs suffered their biggest week of outflows in history, flashing another positive sign for global Bitcoin adoption.
United States-based spot Bitcoin ETFs recorded a cumulative $2.42 billion worth of inflows during the trading week of Nov. 18–22, marking their fourth-largest week since…
https://cryptoinsight.ae/bitcoin-etfs-see-2-4b-inflows-as-china-etfs-hit-record-outflows/
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Ether price faces correction before rally to $20K in 2025 — Analysts
The Ether price could see an imminent correction in the coming weeks before it resumes a sustainable rally to new highs.
Ether rose over 33% during the past month to trade above $3,368 as of 10:23 am UTC on Nov. 23, Cointelegraph data shows.
Despite gaining ground, the world’s second-largest cryptocurrency could be poised for…
https://cryptoinsight.ae/ether-price-faces-correction-before-rally-to-20k-in-2025-analysts/
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The Ether price could see an imminent correction in the coming weeks before it resumes a sustainable rally to new highs.
Ether rose over 33% during the past month to trade above $3,368 as of 10:23 am UTC on Nov. 23, Cointelegraph data shows.
Despite gaining ground, the world’s second-largest cryptocurrency could be poised for…
https://cryptoinsight.ae/ether-price-faces-correction-before-rally-to-20k-in-2025-analysts/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.5 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $98,456.92 (0.2%)
Ethereum ~ $3,391.48 (-0.6%)
Solana ~ $254.16 (-0.3%)
Polkadot ~ $9.16 (1.7%)
Flow ~ $0.9454 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.5 Trillion, a -1.6% change in the last 24 hours
Bitcoin ~ $98,456.92 (0.2%)
Ethereum ~ $3,391.48 (-0.6%)
Solana ~ $254.16 (-0.3%)
Polkadot ~ $9.16 (1.7%)
Flow ~ $0.9454 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
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Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge
Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in more than half a year.
Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting…
https://cryptoinsight.ae/crypto-liquidations-reach-470m-as-bitcoin-retraces-altcoins-surge/
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Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in more than half a year.
Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting…
https://cryptoinsight.ae/crypto-liquidations-reach-470m-as-bitcoin-retraces-altcoins-surge/
Website | Twitter | LinkedIn | Telegram
Reserve Bank of India expanding cross-border payments platform
The Reserve Bank of India (RBI) is seeking to expand its cross-border payments platform — which will allow instant settlement — by adding new trading partners in the Asia and Middle East regions.
According to Bloomberg, India already has an agreement with neighboring Sri Lanka, Bhutan, and Nepal, with plans to add the United Arab…
https://cryptoinsight.ae/reserve-bank-of-india-expanding-cross-border-payments-platform/
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The Reserve Bank of India (RBI) is seeking to expand its cross-border payments platform — which will allow instant settlement — by adding new trading partners in the Asia and Middle East regions.
According to Bloomberg, India already has an agreement with neighboring Sri Lanka, Bhutan, and Nepal, with plans to add the United Arab…
https://cryptoinsight.ae/reserve-bank-of-india-expanding-cross-border-payments-platform/
Website | Twitter | LinkedIn | Telegram
Australia begins consultation on OECD crypto reporting framework
Australia’s Treasury Department has released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion.
The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting…
https://cryptoinsight.ae/australia-begins-consultation-on-oecd-crypto-reporting-framework/
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Australia’s Treasury Department has released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion.
The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting…
https://cryptoinsight.ae/australia-begins-consultation-on-oecd-crypto-reporting-framework/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.41 Trillion, a -3.8% change in the last 24 hours
Bitcoin ~ $94,872.61 (-3.6%)
Ethereum ~ $3,430.57 (1.2%)
Solana ~ $238.93 (-5.9%)
Polkadot ~ $8.41 (-8.1%)
Flow ~ $0.9127 (-3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.41 Trillion, a -3.8% change in the last 24 hours
Bitcoin ~ $94,872.61 (-3.6%)
Ethereum ~ $3,430.57 (1.2%)
Solana ~ $238.93 (-5.9%)
Polkadot ~ $8.41 (-8.1%)
Flow ~ $0.9127 (-3.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum reclaims USDT dominance against Tron after 2 years
Ethereum has overtaken Tron as the biggest blockchain for the Tether stablecoin after a 10% increase in the supply of USDT on Ethereum over the last week.
There is now $60.3 billion worth of the United States dollar-backed stablecoin Tether USDT on Ethereum compared to Tron’s $58.1 billion, DefiLlama data shows.
USDT supply on Tron…
https://cryptoinsight.ae/ethereum-reclaims-usdt-dominance-against-tron-after-2-years/
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Ethereum has overtaken Tron as the biggest blockchain for the Tether stablecoin after a 10% increase in the supply of USDT on Ethereum over the last week.
There is now $60.3 billion worth of the United States dollar-backed stablecoin Tether USDT on Ethereum compared to Tron’s $58.1 billion, DefiLlama data shows.
USDT supply on Tron…
https://cryptoinsight.ae/ethereum-reclaims-usdt-dominance-against-tron-after-2-years/
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Base sees record 106 TPS as total value locked crosses $10B
Ethereum layer-2 network Base has just hit a record 106.26 transactions per second (TPS), furthering it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion.
It marks a near 28% increase in TPS from Nov. 23. It was only in January when Base was averaging only…
https://cryptoinsight.ae/base-sees-record-106-tps-as-total-value-locked-crosses-10b/
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Ethereum layer-2 network Base has just hit a record 106.26 transactions per second (TPS), furthering it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion.
It marks a near 28% increase in TPS from Nov. 23. It was only in January when Base was averaging only…
https://cryptoinsight.ae/base-sees-record-106-tps-as-total-value-locked-crosses-10b/
Website | Twitter | LinkedIn | Telegram
Farcaster founder teases Frames v2 ahead of full launch in 2025
Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, has detailed an update to Frames, which once spiked the protocol’s users by 400% in a week.
“A new Frame standard that allows interactive applications, onchain transactions, and user notifications would enable many new kinds of social applications,” Romero said while introducing the specification…
https://cryptoinsight.ae/farcaster-founder-teases-frames-v2-ahead-of-full-launch-in-2025/
Website | Twitter | LinkedIn | Telegram
Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, has detailed an update to Frames, which once spiked the protocol’s users by 400% in a week.
“A new Frame standard that allows interactive applications, onchain transactions, and user notifications would enable many new kinds of social applications,” Romero said while introducing the specification…
https://cryptoinsight.ae/farcaster-founder-teases-frames-v2-ahead-of-full-launch-in-2025/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $93,288.68 (-1.6%)
Ethereum ~ $3,423.74 (-0.2%)
Solana ~ $238.93 (-3.1%)
Polkadot ~ $8.18 (-2.8%)
Flow ~ $0.8698 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.35 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $93,288.68 (-1.6%)
Ethereum ~ $3,423.74 (-0.2%)
Solana ~ $238.93 (-3.1%)
Polkadot ~ $8.18 (-2.8%)
Flow ~ $0.8698 (-4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram