Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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H&M opens the first virtual store in the metaverse
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.34 Trillion, a -1.7% change in the last 24 hours

Bitcoin ~ $46,276.17 (-1.8%)
Ethereum ~ $3,754.03 (-1.8%)
Solana ~ $168.00 (-3.4%)
Polkadot ~ $30.07 (3.3%)
Flow ~ $8.87 (-4.3%)

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Over $7.7 billion was stolen in crypto scams in 2021

Over $7.7 billion was stolen in crypto scams worldwide in 2021, or an 81% rise compared to 2020, the Chainalysis report said. Including rug pulls in the DeFi ecosystem accounted for over $2.8 billion stolen, or 37% of all cryptocurrency scam revenue, compared to 1% the year before.

According to a new report by blockchain…

http://cryptoinsight.ae/over-7-7-billion-was-stolen-in-crypto-scams-in-2021/

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Gibraltar is poised to become the world’s cryptocurrency hub

The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making history soon by becoming the world’s first global hub for cryptocurrency trading.

According to The Guardian, the territory is reviewing a proposal to…

http://cryptoinsight.ae/gibraltar-is-poised-to-become-the-worlds-cryptocurrency-hub/

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Indian authorities raid cryptocurrency exchanges over alleged tax evasion

On Saturday, Central Goods and Services Tax (CGST) Mumbai Zone detected massive evasion of around 700 million rupees during the crackdown on cryptocurrency service provider – WazirX. A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion.

According to NTDV, the director-general GST…

https://cryptoinsight.ae/indian-authorities-raid-cryptocurrency-exchanges-over-alleged-tax-evasion/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.36 Trillion, a 1.1% change in the last 24 hours

Bitcoin ~ $46,312.46 (0.0%)
Ethereum ~ $3,805.99 (1.4%)
Solana ~ $168.87 (0.5%)
Polkadot ~ $29.51 (-1.9%)
Flow ~ $9.13 (2.9%)

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Will Twitter, Square and Jack Dorsey break new ground in the crypto industry?

Twitter founder and Square CEO Jack Dorsey announced the creation and presented technical documentation of a new type of decentralized exchange. It is a fascinating project definitely worth paying attention to.

Jack Dorsey, the creator of Twitter, co-founder and CEO of payment company Square, is a frequent guest on our pages. More than once have…

https://cryptoinsight.ae/will-twitter-square-and-jack-dorsey-break-new-ground-in-the-crypto-industry/

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Crypto in 2022: A fintech expert’s top 6 crypto predictions

James Ledbetter, the editor and publisher of the fintech newsletter FIN and the former editor-in-chief of Inc, collected the top 6 crypto predictions for 2022.

2021 was a wild year for cryptocurrency. Despite Bitcoin’s recent plunge, for example, its price has still risen by more than 70% in the past 52 weeks.

More important, Bitcoin…

https://cryptoinsight.ae/crypto-in-2022-a-fintech-experts-top-6-crypto-predictions/

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Public companies raised their Bitcoin holdings significantly in 2021

The quantity of Bitcoin held by private corporations increased significantly during 2021, compared to the previous year. The amount of BTC held by public companies has gained significant market share since February 2021.

On Monday, on-chain analyst Willy Woo tweeted that public companies holding “significant BTC have gained market share from spot ETFs as a…

https://cryptoinsight.ae/public-companies-raised-their-bitcoin-holdings-significantly-in-2021/

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Bahrain’s Rain Management appoints an experienced executive as the board member

Bahrain’s Rain Management, the first licensed crypto-asset service provider in the Middle East, announced the appointment of Talal Al Zain as the newest board member. Bringing over 35 years of experience in banking and financial services internationally, his wealth of knowledge in international finance has asserted him as a business leader throughout the region.

Commenting…

https://cryptoinsight.ae/bahrains-rain-management-appoints-an-experienced-executive-as-the-board-member/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.17 Trillion, a -7.9% change in the last 24 hours

Bitcoin ~ $43,058.35 (-7.2%)
Ethereum ~ $3,454.15 (-9.4%)
Solana ~ $149.02 (-11.9%)
Polkadot ~ $26.10 (-11.6%)
Flow ~ $8.29 (-9.3%)

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Time for regulators. Part 1

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.

In a now typical for the US move, the signal initially…

https://cryptoinsight.ae/time-for-regulators-part-1/

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Amazon Token promos in social media are a scam

Recently, some social media posts started to claim that Amazon has begun a “presale” of its own crypto tokens. However, the online retail giant officially called them fake, while an internet security firm Avast said that such messages are part of scams targeted to steal money and harvest personal data.

For instance, a Facebook post…

http://cryptoinsight.ae/amazon-token-promos-in-social-media-are-a-scam/

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CoinMENA integrates Chainlink to enhance the transparency of its crypto exchange

CoinMENA, the digital assets exchange focused on the MENA region, announced the live integration of Chainlink Price Feeds – decentralized data feeds of asset prices on various cryptocurrencies, FX rates, and traditional assets. CoinMENA is referencing Chainlink Price Feeds during all fiat-to-crypto transactions on the exchange.

According to a press release, CoinMENA’s integration of Chainlink…

http://cryptoinsight.ae/coinmena-integrates-chainlink-to-enhance-the-transparency-of-its-crypto-exchange/

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Crypto in 2022: 5 predictions for Bitcoin, NFTs and the future of money

CNET’s experts reveal where cryptocurrency is headed in 2022. This story is part of The Year Ahead, CNET’s look at how the world will continue to evolve starting in 2022 and beyond.

Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new…

https://cryptoinsight.ae/crypto-in-2022-5-predictions-for-bitcoin-nfts-and-the-future-of-money/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.1 Trillion, a -2.7% change in the last 24 hours

Bitcoin ~ $41,824.19 (-3.0%)
Ethereum ~ $3,246.42 (-6.7%)
Solana ~ $140.87 (-6.4%)
Polkadot ~ $25.32 (-3.5%)
Flow ~ $8.16 (-1.7%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:

The global cryptocurrency market cap today is $2.1 Trillion, a 0.4% change in the last 24 hours

Bitcoin ~ $42,003.91 (0.7%)
Ethereum ~ $3,219.78 (0.2%)
Solana ~ $141.45 (1.8%)
Polkadot ~ $25.45 (1.9%)
Flow ~ $8.10 (0.3%)

Follow and subscribe - @GulfCryptoInsight

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Time for regulators. Part 2

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.

 

The latest US infrastructure bill introduces the broadest possible characterization…

https://cryptoinsight.ae/time-for-regulators-part-2/

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Bitcoin hashrate and price tumble amid internet blackouts in Kazakhstan

Internet blackouts brought in by the Kazakh authorities to help address Kazakhstan’s spreading unrest dealt a severe blow to Bitcoin cryptocurrency mining activity. The overall BTC hashrate fell 13.4% from roughly 205,000 petahash per second to 177,330 petahash per second. In addition, the Bitcoin price dropped 9% following the Kazakhstan blackouts, dropping to a swing…

http://cryptoinsight.ae/bitcoin-hashrate-and-price-tumble-amid-internet-blackouts-in-kazakhstan/

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NFT market passed $41 billion in 2021, rivaling the global fine art market

Nearly $41 billion worth of cryptocurrency was sent to NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis. NFTs are now inching closer and closer in value to the traditional art market.

 

By the end of 2021, the marketplace for non-fungible tokens…

http://cryptoinsight.ae/nft-market-passed-41-billion-in-2021-rivaling-the-global-fine-art-market/

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