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
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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/
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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
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
Deutsche Bank builds L2 blockchain on Ethereum: Bloomberg
Deutsche Bank, Germany’s largest lender, is reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology to address compliance challenges associated with using public blockchains in regulated finance.
The L2 solution, part of Project Dama 2, looks to improve transaction efficiency and secure regulatory safeguards, integrating directly with Ethereum, according to Bloomberg.
Project…
https://cryptoinsight.ae/deutsche-bank-builds-l2-blockchain-on-ethereum-bloomberg/
Website | Twitter | LinkedIn | Telegram
Deutsche Bank, Germany’s largest lender, is reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology to address compliance challenges associated with using public blockchains in regulated finance.
The L2 solution, part of Project Dama 2, looks to improve transaction efficiency and secure regulatory safeguards, integrating directly with Ethereum, according to Bloomberg.
Project…
https://cryptoinsight.ae/deutsche-bank-builds-l2-blockchain-on-ethereum-bloomberg/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.48 Trillion, a -6.8% change in the last 24 hours
Bitcoin ~ $96,994.25 (-3.9%)
Ethereum ~ $3,379.24 (-7.8%)
Solana ~ $193.87 (-7.3%)
Polkadot ~ $7.03 (-7.3%)
Flow ~ $0.724 (-7.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.48 Trillion, a -6.8% change in the last 24 hours
Bitcoin ~ $96,994.25 (-3.9%)
Ethereum ~ $3,379.24 (-7.8%)
Solana ~ $193.87 (-7.3%)
Polkadot ~ $7.03 (-7.3%)
Flow ~ $0.724 (-7.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto liquidations hit $1B as traders were ‘unprepared for bad news’
More than $1 billion was liquidated in the crypto market over the past 24 hours as participants were caught off guard by the strong momentum of crypto over the past 30 days.
Still, one analyst suggested the market downturn may be short-lived.
“We’ve had such a bullish narrative over the last month that the market…
https://cryptoinsight.ae/crypto-liquidations-hit-1b-as-traders-were-unprepared-for-bad-news/
Website | Twitter | LinkedIn | Telegram
More than $1 billion was liquidated in the crypto market over the past 24 hours as participants were caught off guard by the strong momentum of crypto over the past 30 days.
Still, one analyst suggested the market downturn may be short-lived.
“We’ve had such a bullish narrative over the last month that the market…
https://cryptoinsight.ae/crypto-liquidations-hit-1b-as-traders-were-unprepared-for-bad-news/
Website | Twitter | LinkedIn | Telegram
Nigerian SEC tightens crypto marketing rules
The Nigerian Securities and Exchange Commission (SEC) has updated its crypto rules, adding requirements on crypto-related marketing promotions from virtual asset service providers (VASPs) and social media influencers.
In its revised Digital Asset Rules, the SEC said that VASPs engaging third-party service providers to promote their crypto products must “obtain prior approval from the Commission.”…
https://cryptoinsight.ae/nigerian-sec-tightens-crypto-marketing-rules/
Website | Twitter | LinkedIn | Telegram
The Nigerian Securities and Exchange Commission (SEC) has updated its crypto rules, adding requirements on crypto-related marketing promotions from virtual asset service providers (VASPs) and social media influencers.
In its revised Digital Asset Rules, the SEC said that VASPs engaging third-party service providers to promote their crypto products must “obtain prior approval from the Commission.”…
https://cryptoinsight.ae/nigerian-sec-tightens-crypto-marketing-rules/
Website | Twitter | LinkedIn | Telegram
Hashing It Out: 2025 and beyond: DePIN’s role in the next crypto wave
In the latest episode of the Hashing It Out podcast, host Elisha Owusu Akyaw sat down with Tom Trowbridge, co-founder and CEO of Fluence Labs, to discuss the evolving concept of Decentralized Physical Infrastructure Networks (DePIN).
Trowbridge offers insights into this emerging sector, which he said is poised to disrupt traditional infrastructure models in the…
https://cryptoinsight.ae/hashing-it-out-2025-and-beyond-depins-role-in-the-next-crypto-wave/
Website | Twitter | LinkedIn | Telegram
In the latest episode of the Hashing It Out podcast, host Elisha Owusu Akyaw sat down with Tom Trowbridge, co-founder and CEO of Fluence Labs, to discuss the evolving concept of Decentralized Physical Infrastructure Networks (DePIN).
Trowbridge offers insights into this emerging sector, which he said is poised to disrupt traditional infrastructure models in the…
https://cryptoinsight.ae/hashing-it-out-2025-and-beyond-depins-role-in-the-next-crypto-wave/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.6 Trillion, a 1.9% change in the last 24 hours
Bitcoin ~ $98,514.22 (1.2%)
Ethereum ~ $3,518.89 (3.9%)
Solana ~ $199.15 (2.5%)
Polkadot ~ $7.64 (8.7%)
Flow ~ $0.7717 (6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.6 Trillion, a 1.9% change in the last 24 hours
Bitcoin ~ $98,514.22 (1.2%)
Ethereum ~ $3,518.89 (3.9%)
Solana ~ $199.15 (2.5%)
Polkadot ~ $7.64 (8.7%)
Flow ~ $0.7717 (6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
2024 in review: The UAE crypto legal chronicles
2024 will be remembered as one of the most transformative periods in the global crypto regulatory landscape. As crypto assets continue steadily into mainstream finance, policymakers worldwide are stepping up with comprehensive rules.
From the United States president-elect pledging a strategic Bitcoin reserve to the European Union’s rigorous Markets in Crypto-Assets (MiCA) directive, regulators made…
https://cryptoinsight.ae/2024-in-review-the-uae-crypto-legal-chronicles/
Website | Twitter | LinkedIn | Telegram
2024 will be remembered as one of the most transformative periods in the global crypto regulatory landscape. As crypto assets continue steadily into mainstream finance, policymakers worldwide are stepping up with comprehensive rules.
From the United States president-elect pledging a strategic Bitcoin reserve to the European Union’s rigorous Markets in Crypto-Assets (MiCA) directive, regulators made…
https://cryptoinsight.ae/2024-in-review-the-uae-crypto-legal-chronicles/
Website | Twitter | LinkedIn | Telegram
Bitcoin ETFs hit by record $671.9M outflows in 1 day
Bitcoin exchange-traded funds (ETFs) faced a significant sell-off on Dec. 19, reaching net outflows of a record $671.9 million, marking the largest single-day outflow event of the year.
According to Farside Investors data, the biggest outflows came from Grayscale’s GBTC, shedding $208.6 million, followed by ARK Invest’s ARKB, which fell $108.4 million.
The fallout of…
https://cryptoinsight.ae/bitcoin-etfs-hit-by-record-671-9m-outflows-in-1-day/
Website | Twitter | LinkedIn | Telegram
Bitcoin exchange-traded funds (ETFs) faced a significant sell-off on Dec. 19, reaching net outflows of a record $671.9 million, marking the largest single-day outflow event of the year.
According to Farside Investors data, the biggest outflows came from Grayscale’s GBTC, shedding $208.6 million, followed by ARK Invest’s ARKB, which fell $108.4 million.
The fallout of…
https://cryptoinsight.ae/bitcoin-etfs-hit-by-record-671-9m-outflows-in-1-day/
Website | Twitter | LinkedIn | Telegram
Ethereum layer 2s hold $13.5B stablecoin supply
Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies.
The stablecoin supply to all blockchains combined is dominated by Tether, USD Coin and Ethena’s stablecoin, USDe.
As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a crypto…
https://cryptoinsight.ae/ethereum-layer-2s-hold-13-5b-stablecoin-supply/
Website | Twitter | LinkedIn | Telegram
Stablecoins locked onto Ethereum layer-2 networks have reached a new all-time high, showcasing rising demand for cryptocurrencies.
The stablecoin supply to all blockchains combined is dominated by Tether, USD Coin and Ethena’s stablecoin, USDe.
As of Dec. 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a crypto…
https://cryptoinsight.ae/ethereum-layer-2s-hold-13-5b-stablecoin-supply/
Website | Twitter | LinkedIn | Telegram