What is decentralized identity in blockchain?
Decentralized identity explained
Decentralized identity refers to a system of identity management that is not controlled by any central authority such as governments, corporations or identity providers.
Traditional identity systems often involve intermediaries that store and manage personal information, which can lead to privacy concerns, data breaches and dependency on centralized entities.
In contrast, decentralized…
https://cryptoinsight.ae/what-is-decentralized-identity-in-blockchain/
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Decentralized identity explained
Decentralized identity refers to a system of identity management that is not controlled by any central authority such as governments, corporations or identity providers.
Traditional identity systems often involve intermediaries that store and manage personal information, which can lead to privacy concerns, data breaches and dependency on centralized entities.
In contrast, decentralized…
https://cryptoinsight.ae/what-is-decentralized-identity-in-blockchain/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.8 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $101,992 (0.1%)
Ethereum ~ $3,889.65 (-1.0%)
Solana ~ $219.56 (-3.3%)
Polkadot ~ $8.56 (-5.7%)
Flow ~ $0.9245 (-6.2%)
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Day started from:
The global cryptocurrency market cap today is $3.8 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $101,992 (0.1%)
Ethereum ~ $3,889.65 (-1.0%)
Solana ~ $219.56 (-3.3%)
Polkadot ~ $8.56 (-5.7%)
Flow ~ $0.9245 (-6.2%)
Follow and subscribe - @GulfCryptoInsight
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Michael Saylor’s MicroStrategy enters Nasdaq 100
Nasdaq has announced that Bitcoin bull Michael Saylor’s company, MicroStrategy (MSTR), will be added to the Nasdaq-100 Index starting Dec. 23.
MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON), according to a Dec. 13 statement published by Nasdaq.
MSTR now among…
https://cryptoinsight.ae/michael-saylors-microstrategy-enters-nasdaq-100/
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Nasdaq has announced that Bitcoin bull Michael Saylor’s company, MicroStrategy (MSTR), will be added to the Nasdaq-100 Index starting Dec. 23.
MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON), according to a Dec. 13 statement published by Nasdaq.
MSTR now among…
https://cryptoinsight.ae/michael-saylors-microstrategy-enters-nasdaq-100/
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Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Ivanov told Cointelegraph…
https://cryptoinsight.ae/why-hong-kong-has-grown-into-a-crypto-hub-ceo-of-wow-summit/
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Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Ivanov told Cointelegraph…
https://cryptoinsight.ae/why-hong-kong-has-grown-into-a-crypto-hub-ceo-of-wow-summit/
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Ethereum poised for record highs in Q1 2025, analysts predict
Ether could surpass its previous all-time high during the first quarter of 2025, according to market analysts.
Ether has been unable to remain above the key $4,000 psychological threshold despite Bitcoin breaching the record $100,000 high on Dec. 6 for the first time in crypto history.
However, Ether may soon start catching up to Bitcoin’s…
https://cryptoinsight.ae/ethereum-poised-for-record-highs-in-q1-2025-analysts-predict/
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Ether could surpass its previous all-time high during the first quarter of 2025, according to market analysts.
Ether has been unable to remain above the key $4,000 psychological threshold despite Bitcoin breaching the record $100,000 high on Dec. 6 for the first time in crypto history.
However, Ether may soon start catching up to Bitcoin’s…
https://cryptoinsight.ae/ethereum-poised-for-record-highs-in-q1-2025-analysts-predict/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.89 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $105,156 (3.1%)
Ethereum ~ $3,972.94 (2.1%)
Solana ~ $223.10 (1.6%)
Polkadot ~ $8.95 (4.6%)
Flow ~ $0.9406 (1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.89 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $105,156 (3.1%)
Ethereum ~ $3,972.94 (2.1%)
Solana ~ $223.10 (1.6%)
Polkadot ~ $8.95 (4.6%)
Flow ~ $0.9406 (1.7%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin goes ’Santa Claus mode’ as hopes raise for US reserve status
Bitcoin’s price rallied nearly 5% in a day to set a new all-time high above $106,000 on Dec. 15 as speculation of it becoming a United States reserve asset continues to grow.
Bitcoin topped out at $106,554 but has since fallen slightly to $106,000, TradingView data shows. Its previous high was $104,000, which was set…
https://cryptoinsight.ae/bitcoin-goes-santa-claus-mode-as-hopes-raise-for-us-reserve-status/
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Bitcoin’s price rallied nearly 5% in a day to set a new all-time high above $106,000 on Dec. 15 as speculation of it becoming a United States reserve asset continues to grow.
Bitcoin topped out at $106,554 but has since fallen slightly to $106,000, TradingView data shows. Its previous high was $104,000, which was set…
https://cryptoinsight.ae/bitcoin-goes-santa-claus-mode-as-hopes-raise-for-us-reserve-status/
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Ethereum liquid restaking TVL surges from $284M to $17B in 2024
Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024 as demand for staked asset utility grew significantly.
According to data from decentralized finance (DeFi) aggregator DefiLlama, liquid restaking TVL on the Ethereum network was approximately $284 million on Jan. 1. By Dec. 15, that figure had climbed nearly…
https://cryptoinsight.ae/ethereum-liquid-restaking-tvl-surges-from-284m-to-17b-in-2024/
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Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024 as demand for staked asset utility grew significantly.
According to data from decentralized finance (DeFi) aggregator DefiLlama, liquid restaking TVL on the Ethereum network was approximately $284 million on Jan. 1. By Dec. 15, that figure had climbed nearly…
https://cryptoinsight.ae/ethereum-liquid-restaking-tvl-surges-from-284m-to-17b-in-2024/
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Bitcoin miners as energy buyers, explained
What are Bitcoin miners as energy buyers?
Bitcoin miners can work as dynamic energy buyers with the flexibility to adjust consumption according to energy supply and demand using sophisticated energy management strategies.
First things first, you need to understand the Bitcoin mining basics.
To secure the Bitcoin blockchain network, process transactions, and mint new coins,…
https://cryptoinsight.ae/bitcoin-miners-as-energy-buyers-explained/
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What are Bitcoin miners as energy buyers?
Bitcoin miners can work as dynamic energy buyers with the flexibility to adjust consumption according to energy supply and demand using sophisticated energy management strategies.
First things first, you need to understand the Bitcoin mining basics.
To secure the Bitcoin blockchain network, process transactions, and mint new coins,…
https://cryptoinsight.ae/bitcoin-miners-as-energy-buyers-explained/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.92 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $106,673 (1.4%)
Ethereum ~ $4,015.41 (1.1%)
Solana ~ $214.80 (-3.7%)
Polkadot ~ $8.67 (-3.1%)
Flow ~ $0.8969 (-4.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.92 Trillion, a -0.5% change in the last 24 hours
Bitcoin ~ $106,673 (1.4%)
Ethereum ~ $4,015.41 (1.1%)
Solana ~ $214.80 (-3.7%)
Polkadot ~ $8.67 (-3.1%)
Flow ~ $0.8969 (-4.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitpanda receives in-principle approval for UAE expansion
Bitpanda, a European digital asset platform, has received in-principle authorization from the Virtual Asset Regulatory Authority (VARA) as it prepares to expand its footprint into the United Arab Emirates (UAE).
The regulatory approval sets the stage for Bitpanda to solidify its presence in the Middle East, aligning with its strategy to grow beyond Europe, where…
https://cryptoinsight.ae/bitpanda-receives-in-principle-approval-for-uae-expansion/
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Bitpanda, a European digital asset platform, has received in-principle authorization from the Virtual Asset Regulatory Authority (VARA) as it prepares to expand its footprint into the United Arab Emirates (UAE).
The regulatory approval sets the stage for Bitpanda to solidify its presence in the Middle East, aligning with its strategy to grow beyond Europe, where…
https://cryptoinsight.ae/bitpanda-receives-in-principle-approval-for-uae-expansion/
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104 whale wallets now hold 57% of all Ether in bullish sign: Santiment
Ethereum whale wallet holdings have reached their highest levels of all time — holding an estimated 57% of all Ether in existence, according to onchain analytics platform Santiment.
In a Dec. 16 post to X, the platform said that 104 whale wallets holding more than 100,000 Ether each, together hold $333 billion.
At the same…
https://cryptoinsight.ae/104-whale-wallets-now-hold-57-of-all-ether-in-bullish-sign-santiment/
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Ethereum whale wallet holdings have reached their highest levels of all time — holding an estimated 57% of all Ether in existence, according to onchain analytics platform Santiment.
In a Dec. 16 post to X, the platform said that 104 whale wallets holding more than 100,000 Ether each, together hold $333 billion.
At the same…
https://cryptoinsight.ae/104-whale-wallets-now-hold-57-of-all-ether-in-bullish-sign-santiment/
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Increased gas limits on Ethereum L1 come with risks… but big rewards
The Ethereum community is going head to head in a debate over whether or not to raise the gas limits on the Ethereum mainnet by as much as 100%.
The gas limit refers to the maximum amount of gas that’s allowed to be spent for transactions to be included in a single Ethereum block.
One…
https://cryptoinsight.ae/increased-gas-limits-on-ethereum-l1-come-with-risks-but-big-rewards/
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The Ethereum community is going head to head in a debate over whether or not to raise the gas limits on the Ethereum mainnet by as much as 100%.
The gas limit refers to the maximum amount of gas that’s allowed to be spent for transactions to be included in a single Ethereum block.
One…
https://cryptoinsight.ae/increased-gas-limits-on-ethereum-l1-come-with-risks-but-big-rewards/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.81 Trillion, a -4.2% change in the last 24 hours
Bitcoin ~ $103,735 (-2.7%)
Ethereum ~ $3,837.08 (-4.3%)
Solana ~ $215.92 (0.6%)
Polkadot ~ $8.24 (-4.9%)
Flow ~ $0.8554 (-4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.81 Trillion, a -4.2% change in the last 24 hours
Bitcoin ~ $103,735 (-2.7%)
Ethereum ~ $3,837.08 (-4.3%)
Solana ~ $215.92 (0.6%)
Polkadot ~ $8.24 (-4.9%)
Flow ~ $0.8554 (-4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto trends shaping the Middle East’s blockchain future
The United Arab Emirates (UAE) is positioning itself as a global hub for blockchain and cryptocurrency innovation, with key trends emerging in Shariah-compliant services, dirham-pegged stablecoins and international talent migration, according to industry leaders.
At the recent Bitcoin MENA and Abu Dhabi Finance Week events held in the UAE, crypto professionals discussed the key trends…
https://cryptoinsight.ae/crypto-trends-shaping-the-middle-easts-blockchain-future/
Website | Twitter | LinkedIn | Telegram
The United Arab Emirates (UAE) is positioning itself as a global hub for blockchain and cryptocurrency innovation, with key trends emerging in Shariah-compliant services, dirham-pegged stablecoins and international talent migration, according to industry leaders.
At the recent Bitcoin MENA and Abu Dhabi Finance Week events held in the UAE, crypto professionals discussed the key trends…
https://cryptoinsight.ae/crypto-trends-shaping-the-middle-easts-blockchain-future/
Website | Twitter | LinkedIn | Telegram
EU Securities and Markets Authority publishes final guidance for MiCA
The European Securities and Markets Authority (ESMA) has released its final guidance report for member states making the final transition to the Markets in Crypto-Assets (MiCA) regulation.
Laws formed under MiCA regulations began taking effect in June 2024, with final implementation scheduled for Dec. 30. The latest and final guidance from the ESMA is meant…
https://cryptoinsight.ae/eu-securities-and-markets-authority-publishes-final-guidance-for-mica/
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The European Securities and Markets Authority (ESMA) has released its final guidance report for member states making the final transition to the Markets in Crypto-Assets (MiCA) regulation.
Laws formed under MiCA regulations began taking effect in June 2024, with final implementation scheduled for Dec. 30. The latest and final guidance from the ESMA is meant…
https://cryptoinsight.ae/eu-securities-and-markets-authority-publishes-final-guidance-for-mica/
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Stablecoins will see explosive growth in 2025 as world embraces asset class
The stablecoin market is set to close 2024 with exceptional developments and records. What should we expect in 2025? Even more achievements as mass adoption begins to take hold.
Before looking to the future, however, we must examine what we are leaving behind.
2024 stablecoin market
During 2024, the trends of the previous years have…
https://cryptoinsight.ae/stablecoins-will-see-explosive-growth-in-2025-as-world-embraces-asset-class/
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The stablecoin market is set to close 2024 with exceptional developments and records. What should we expect in 2025? Even more achievements as mass adoption begins to take hold.
Before looking to the future, however, we must examine what we are leaving behind.
2024 stablecoin market
During 2024, the trends of the previous years have…
https://cryptoinsight.ae/stablecoins-will-see-explosive-growth-in-2025-as-world-embraces-asset-class/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.67 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $101,011 (-2.8%)
Ethereum ~ $3,664.44 (-4.7%)
Solana ~ $209.14 (-3.3%)
Polkadot ~ $7.59 (-8.2%)
Flow ~ $0.7838 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.67 Trillion, a -4.7% change in the last 24 hours
Bitcoin ~ $101,011 (-2.8%)
Ethereum ~ $3,664.44 (-4.7%)
Solana ~ $209.14 (-3.3%)
Polkadot ~ $7.59 (-8.2%)
Flow ~ $0.7838 (-8.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Trump’s inauguration may trigger crypto sell-off, says Arthur Hayes
Cryptocurrency market commentators and observers have predicted positive market trends associated with United States President-elect Donald Trump’s inauguration in January 2025, but BitMEX co-founder Arthur Hayes has a different perspective.
Hayes cautioned against the high expectations of quick crypto policy changes promised by Trump, highlighting a gap between market anticipation and the realities of policy…
https://cryptoinsight.ae/trumps-inauguration-may-trigger-crypto-sell-off-says-arthur-hayes/
Website | Twitter | LinkedIn | Telegram
Cryptocurrency market commentators and observers have predicted positive market trends associated with United States President-elect Donald Trump’s inauguration in January 2025, but BitMEX co-founder Arthur Hayes has a different perspective.
Hayes cautioned against the high expectations of quick crypto policy changes promised by Trump, highlighting a gap between market anticipation and the realities of policy…
https://cryptoinsight.ae/trumps-inauguration-may-trigger-crypto-sell-off-says-arthur-hayes/
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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change
The debate over whether Bitcoin’s 21 million supply cap is truly fixed has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer saying there’s no guarantee it won’t be changed.
Bitcoin’s fixed supply is one of its strongest propositions as a store of value, and uncapping it would impact how investors…
https://cryptoinsight.ae/blackrock-sparks-bitcoin-21m-debate-saying-no-guarantee-it-wont-change/
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The debate over whether Bitcoin’s 21 million supply cap is truly fixed has resurfaced after BlackRock posted a three-minute Bitcoin explainer video, which added a disclaimer saying there’s no guarantee it won’t be changed.
Bitcoin’s fixed supply is one of its strongest propositions as a store of value, and uncapping it would impact how investors…
https://cryptoinsight.ae/blackrock-sparks-bitcoin-21m-debate-saying-no-guarantee-it-wont-change/
Website | Twitter | LinkedIn | Telegram