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
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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
Changpeng Zhao advocates for ‘real’ blockchain apps over memecoins
The former CEO of Binance, Changpeng “CZ” Zhao, urged the crypto community to shift its focus away from memecoins and into building “real” blockchain applications.
On Nov. 26, Zhao shared his growing distaste for the memecoin ecosystem. In an X post, he said that the memecoins are getting “a little” weird as opposed to being…
https://cryptoinsight.ae/changpeng-zhao-advocates-for-real-blockchain-apps-over-memecoins/
Website | Twitter | LinkedIn | Telegram
The former CEO of Binance, Changpeng “CZ” Zhao, urged the crypto community to shift its focus away from memecoins and into building “real” blockchain applications.
On Nov. 26, Zhao shared his growing distaste for the memecoin ecosystem. In an X post, he said that the memecoins are getting “a little” weird as opposed to being…
https://cryptoinsight.ae/changpeng-zhao-advocates-for-real-blockchain-apps-over-memecoins/
Website | Twitter | LinkedIn | Telegram
Central Bank of Iran promises CBDC launch, fintech to fight sanctions
Iran will launch a central bank digital currency (CBDC) in the near future, Central Bank of Iran (CBI) governor Mohammad Reza Farzin said at a national banking conference on Nov. 25. He called attention to the country’s well-developed digital financial infrastructure and pledged to continue to innovate in the face of sanctions.
CBDC to keep…
https://cryptoinsight.ae/central-bank-of-iran-promises-cbdc-launch-fintech-to-fight-sanctions/
Website | Twitter | LinkedIn | Telegram
Iran will launch a central bank digital currency (CBDC) in the near future, Central Bank of Iran (CBI) governor Mohammad Reza Farzin said at a national banking conference on Nov. 25. He called attention to the country’s well-developed digital financial infrastructure and pledged to continue to innovate in the face of sanctions.
CBDC to keep…
https://cryptoinsight.ae/central-bank-of-iran-promises-cbdc-launch-fintech-to-fight-sanctions/
Website | Twitter | LinkedIn | Telegram
‘Massive’ — BuilderNet aims to solve Ethereum’s centralized block problem
Blockchain infrastructure firm Flashbots has launched BuilderNet, a decentralized block-building network on Ethereum to “kill censorship” and solve one of the network’s biggest “chokepoints.”
BuilderNet, launched on Nov. 26, said it aims to allow “many parties to collaborate in building blocks.” This comes at a crucial time as around 88% of all Ethereum blocks have…
https://cryptoinsight.ae/massive-buildernet-aims-to-solve-ethereums-centralized-block-problem/
Website | Twitter | LinkedIn | Telegram
Blockchain infrastructure firm Flashbots has launched BuilderNet, a decentralized block-building network on Ethereum to “kill censorship” and solve one of the network’s biggest “chokepoints.”
BuilderNet, launched on Nov. 26, said it aims to allow “many parties to collaborate in building blocks.” This comes at a crucial time as around 88% of all Ethereum blocks have…
https://cryptoinsight.ae/massive-buildernet-aims-to-solve-ethereums-centralized-block-problem/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.46 Trillion, a 2.1% change in the last 24 hours
Bitcoin ~ $95,274.92 (2.1%)
Ethereum ~ $3,583.04 (4.9%)
Solana ~ $237.64 (2.8%)
Polkadot ~ $8.17 (0.1%)
Flow ~ $0.8773 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.46 Trillion, a 2.1% change in the last 24 hours
Bitcoin ~ $95,274.92 (2.1%)
Ethereum ~ $3,583.04 (4.9%)
Solana ~ $237.64 (2.8%)
Polkadot ~ $8.17 (0.1%)
Flow ~ $0.8773 (1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
There’s more to Bitcoin than its price: Early dev shares BTC’s ‘new permutation’
Since its global debut on Oct. 31, 2008, Bitcoin has grown from a whimsically ambitious idea to an asset with a multitrillion-dollar market capitalization that is reforming how financial institutions view money.
Despite its nearly unbelievable journey from a mere idea to catalyzing a revolution within finance, many people say there is much more that…
https://cryptoinsight.ae/theres-more-to-bitcoin-than-its-price-early-dev-shares-btcs-new-permutation/
Website | Twitter | LinkedIn | Telegram
Since its global debut on Oct. 31, 2008, Bitcoin has grown from a whimsically ambitious idea to an asset with a multitrillion-dollar market capitalization that is reforming how financial institutions view money.
Despite its nearly unbelievable journey from a mere idea to catalyzing a revolution within finance, many people say there is much more that…
https://cryptoinsight.ae/theres-more-to-bitcoin-than-its-price-early-dev-shares-btcs-new-permutation/
Website | Twitter | LinkedIn | Telegram
Paul Atkins emerges as leading candidate for SEC chair
Former United States Securities and Exchange Commission (SEC) Commissioner Paul Atkins has emerged as the leading candidate to chair the agency under President-elect Donald Trump’s new administration.
Atkins is known for his pro-innovation stance and crypto expertise and is said to be capable of “returning the agency to the so-called ‘gold standard,’” according to an…
https://cryptoinsight.ae/paul-atkins-emerges-as-leading-candidate-for-sec-chair/
Website | Twitter | LinkedIn | Telegram
Former United States Securities and Exchange Commission (SEC) Commissioner Paul Atkins has emerged as the leading candidate to chair the agency under President-elect Donald Trump’s new administration.
Atkins is known for his pro-innovation stance and crypto expertise and is said to be capable of “returning the agency to the so-called ‘gold standard,’” according to an…
https://cryptoinsight.ae/paul-atkins-emerges-as-leading-candidate-for-sec-chair/
Website | Twitter | LinkedIn | Telegram
Blockchain protocols aim to break up digital advertising cartel
For decades, product developers have needed to go through tech giants like Facebook, Google, Instagram and TikTok to market their products.
If they didn’t pay up, they wouldn’t be able to reach their audience.
This traditional, centralized advertising industry is expected to generate over $1 trillion in revenue in 2025, according to a report from…
https://cryptoinsight.ae/blockchain-protocols-aim-to-break-up-digital-advertising-cartel/
Website | Twitter | LinkedIn | Telegram
For decades, product developers have needed to go through tech giants like Facebook, Google, Instagram and TikTok to market their products.
If they didn’t pay up, they wouldn’t be able to reach their audience.
This traditional, centralized advertising industry is expected to generate over $1 trillion in revenue in 2025, according to a report from…
https://cryptoinsight.ae/blockchain-protocols-aim-to-break-up-digital-advertising-cartel/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $96,124.75 (0.9%)
Ethereum ~ $3,569.00 (-0.4%)
Solana ~ $240.14 (1.0%)
Polkadot ~ $8.49 (4.0%)
Flow ~ $0.8772 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $96,124.75 (0.9%)
Ethereum ~ $3,569.00 (-0.4%)
Solana ~ $240.14 (1.0%)
Polkadot ~ $8.49 (4.0%)
Flow ~ $0.8772 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin without using centralized exchanges.
“I started in the Bitcoin space and I…
https://cryptoinsight.ae/cardano-founder-predicts-bitcoin-defi-will-dominate-crypto-within-3-years/
Website | Twitter | LinkedIn | Telegram
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin without using centralized exchanges.
“I started in the Bitcoin space and I…
https://cryptoinsight.ae/cardano-founder-predicts-bitcoin-defi-will-dominate-crypto-within-3-years/
Website | Twitter | LinkedIn | Telegram
Hong Kong proposes tax breaks to attract crypto hedge funds, investors
Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub.
The proposal, currently open for a six-week consultation, also includes exemptions for investments in private credit, overseas property and carbon credits, according to a report by the…
https://cryptoinsight.ae/hong-kong-proposes-tax-breaks-to-attract-crypto-hedge-funds-investors/
Website | Twitter | LinkedIn | Telegram
Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub.
The proposal, currently open for a six-week consultation, also includes exemptions for investments in private credit, overseas property and carbon credits, according to a report by the…
https://cryptoinsight.ae/hong-kong-proposes-tax-breaks-to-attract-crypto-hedge-funds-investors/
Website | Twitter | LinkedIn | Telegram
Ethereum L2s surpass record $51B TVL after 205% yearly growth
The Ethereum ecosystem is seeing increasing value growth, showing more investor interest in Ethereum-native assets.
Ethereum layer-2 (L2) networks have reached a new all-time high of more than $51.5 billion in cumulative total value locked (TVL).
This marks an over 205% increase in cumulative TVL, from just $16.6 billion in November 2023, L2beat data shows.…
https://cryptoinsight.ae/ethereum-l2s-surpass-record-51b-tvl-after-205-yearly-growth/
Website | Twitter | LinkedIn | Telegram
The Ethereum ecosystem is seeing increasing value growth, showing more investor interest in Ethereum-native assets.
Ethereum layer-2 (L2) networks have reached a new all-time high of more than $51.5 billion in cumulative total value locked (TVL).
This marks an over 205% increase in cumulative TVL, from just $16.6 billion in November 2023, L2beat data shows.…
https://cryptoinsight.ae/ethereum-l2s-surpass-record-51b-tvl-after-205-yearly-growth/
Website | Twitter | LinkedIn | Telegram