BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days
BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20, per CoinGlass data.
All…
https://cryptoinsight.ae/blackrocks-bitcoin-etf-sees-record-outflow-as-funds-bleed-1-5b-in-4-days/
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BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20, per CoinGlass data.
All…
https://cryptoinsight.ae/blackrocks-bitcoin-etf-sees-record-outflow-as-funds-bleed-1-5b-in-4-days/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.55 Trillion, a -2.4% change in the last 24 hours
Bitcoin ~ $98,185.51 (0.0%)
Ethereum ~ $3,438.68 (-1.5%)
Solana ~ $194.39 (-2.6%)
Polkadot ~ $7.24 (-3.2%)
Flow ~ $0.7303 (-8.0%)
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Day started from:
The global cryptocurrency market cap today is $3.55 Trillion, a -2.4% change in the last 24 hours
Bitcoin ~ $98,185.51 (0.0%)
Ethereum ~ $3,438.68 (-1.5%)
Solana ~ $194.39 (-2.6%)
Polkadot ~ $7.24 (-3.2%)
Flow ~ $0.7303 (-8.0%)
Follow and subscribe - @GulfCryptoInsight
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Ether ETFs surpass $2.5B as ETH positions for $3.5K breakout
Ether may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.
The United States spot Ether ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.
Despite the positive ETF inflows, Ether’s…
https://cryptoinsight.ae/ether-etfs-surpass-2-5b-as-eth-positions-for-3-5k-breakout/
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Ether may be poised for a breakout, bolstered by the Ethereum exchange-traded funds (ETFs) surpassing the $2.5 billion milestone.
The United States spot Ether ETFs surpassed $2.5 billion worth of total inflows on Dec. 24, when the ETFs received $53 million in cumulative net inflows, Farside Investors data shows.
Despite the positive ETF inflows, Ether’s…
https://cryptoinsight.ae/ether-etfs-surpass-2-5b-as-eth-positions-for-3-5k-breakout/
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Turkey introduces stricter crypto AML regulations
Turkey introduced new cryptocurrency regulations during the final week of 2024, inspired by positive regulatory developments in the world’s major jurisdictions, including Europe.
Under the new regime, users executing transactions of more than 15,000 Turkish lira ($425) will be required to share their identifying information with the country’s crypto service providers, according to a Dec.…
https://cryptoinsight.ae/turkey-introduces-stricter-crypto-aml-regulations/
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Turkey introduced new cryptocurrency regulations during the final week of 2024, inspired by positive regulatory developments in the world’s major jurisdictions, including Europe.
Under the new regime, users executing transactions of more than 15,000 Turkish lira ($425) will be required to share their identifying information with the country’s crypto service providers, according to a Dec.…
https://cryptoinsight.ae/turkey-introduces-stricter-crypto-aml-regulations/
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Over 30% of South Koreans invest in crypto assets
South Korean crypto holders reportedly increased in November after Donald Trump won the United States presidential election.
On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of crypto users in the country increased by 610,000. Representative Lim Kwang-Hyun of the Democratic Party of Korea shared data showing that digital…
https://cryptoinsight.ae/over-30-of-south-koreans-invest-in-crypto-assets/
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South Korean crypto holders reportedly increased in November after Donald Trump won the United States presidential election.
On Dec. 25, South Korean media outlet Yonhap News reported that in November, the number of crypto users in the country increased by 610,000. Representative Lim Kwang-Hyun of the Democratic Party of Korea shared data showing that digital…
https://cryptoinsight.ae/over-30-of-south-koreans-invest-in-crypto-assets/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.48 Trillion, a -3.4% change in the last 24 hours
Bitcoin ~ $96,040.40 (-2.1%)
Ethereum ~ $3,372.56 (-1.9%)
Solana ~ $189.47 (-2.4%)
Polkadot ~ $7.01 (-3.1%)
Flow ~ $0.7161 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.48 Trillion, a -3.4% change in the last 24 hours
Bitcoin ~ $96,040.40 (-2.1%)
Ethereum ~ $3,372.56 (-1.9%)
Solana ~ $189.47 (-2.4%)
Polkadot ~ $7.01 (-3.1%)
Flow ~ $0.7161 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
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Tether makes first crypto VC fund investment into Arcanum Capital
Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II — a tokenized investment vehicle specializing in decentralized Web3 projects — for $2 million.
Managing partner at Arcanum Capital, James McDowall said the fund invests in blockchain technologies that enhance remittances, cross-border payments, privacy and banking…
https://cryptoinsight.ae/tether-makes-first-crypto-vc-fund-investment-into-arcanum-capital/
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Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II — a tokenized investment vehicle specializing in decentralized Web3 projects — for $2 million.
Managing partner at Arcanum Capital, James McDowall said the fund invests in blockchain technologies that enhance remittances, cross-border payments, privacy and banking…
https://cryptoinsight.ae/tether-makes-first-crypto-vc-fund-investment-into-arcanum-capital/
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Bitwise files for ETF tracking firms with big Bitcoin treasuries
Bitwise, an exchange-traded fund (ETF) issuer, has submitted a proposal to introduce a new fund designed to invest in publicly traded companies with substantial Bitcoin holdings on their balance sheets.
The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin in their corporate…
https://cryptoinsight.ae/bitwise-files-for-etf-tracking-firms-with-big-bitcoin-treasuries/
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Bitwise, an exchange-traded fund (ETF) issuer, has submitted a proposal to introduce a new fund designed to invest in publicly traded companies with substantial Bitcoin holdings on their balance sheets.
The Bitwise Bitcoin Standard Corporations ETF would invest in companies “that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin in their corporate…
https://cryptoinsight.ae/bitwise-files-for-etf-tracking-firms-with-big-bitcoin-treasuries/
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Challenges for GameFi in 2025
Blockchain gaming faces several challenges in 2025. Tobin Kuo, CEO of blockchain gaming company Seraph, told Cointelegraph that sustaining player engagement, adopting new technologies, and building sustainable in-game economies were the hurdles GameFi must overcome to remain viable.
According to Kuo, over 60% of players disengage from Web3 games after only 30 days. The CEO…
https://cryptoinsight.ae/challenges-for-gamefi-in-2025/
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Blockchain gaming faces several challenges in 2025. Tobin Kuo, CEO of blockchain gaming company Seraph, told Cointelegraph that sustaining player engagement, adopting new technologies, and building sustainable in-game economies were the hurdles GameFi must overcome to remain viable.
According to Kuo, over 60% of players disengage from Web3 games after only 30 days. The CEO…
https://cryptoinsight.ae/challenges-for-gamefi-in-2025/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.44 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $94,395.26 (-1.8%)
Ethereum ~ $3,340.37 (-1.1%)
Solana ~ $185.30 (-2.3%)
Polkadot ~ $6.88 (-1.9%)
Flow ~ $0.7297 (1.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.44 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $94,395.26 (-1.8%)
Ethereum ~ $3,340.37 (-1.1%)
Solana ~ $185.30 (-2.3%)
Polkadot ~ $6.88 (-1.9%)
Flow ~ $0.7297 (1.8%)
Follow and subscribe - @GulfCryptoInsight
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Crypto industry calls on Congress to block new DeFi broker rules
The final regulations classifying several decentralized finance (DeFi) protocols as brokers have sparked immediate backlash within the crypto industry, with calls for the incoming Congress to overturn the new rules.
Disclosed on Dec. 27 by the US Internal Revenue Service, the new regulations treat front-end protocols facilitating digital asset transactions as brokers, requiring Know Your…
https://cryptoinsight.ae/crypto-industry-calls-on-congress-to-block-new-defi-broker-rules/
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The final regulations classifying several decentralized finance (DeFi) protocols as brokers have sparked immediate backlash within the crypto industry, with calls for the incoming Congress to overturn the new rules.
Disclosed on Dec. 27 by the US Internal Revenue Service, the new regulations treat front-end protocols facilitating digital asset transactions as brokers, requiring Know Your…
https://cryptoinsight.ae/crypto-industry-calls-on-congress-to-block-new-defi-broker-rules/
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Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi
Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report.
Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new…
https://cryptoinsight.ae/stablecoin-adoption-etfs-to-propel-crypto-performance-in-2025-citi/
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Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report.
Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new…
https://cryptoinsight.ae/stablecoin-adoption-etfs-to-propel-crypto-performance-in-2025-citi/
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EU silence does not make USDT MiCA-compliant, says exec
The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin.
United States crypto exchange Coinbase delisted Tether’s USDt in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA).
After Coinbase’s USDT delisting, the stablecoin…
https://cryptoinsight.ae/eu-silence-does-not-make-usdt-mica-compliant-says-exec/
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The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin.
United States crypto exchange Coinbase delisted Tether’s USDt in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA).
After Coinbase’s USDT delisting, the stablecoin…
https://cryptoinsight.ae/eu-silence-does-not-make-usdt-mica-compliant-says-exec/
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Crypto Biz: The Year of Bitcoin
Bitcoin has had such a historic year! Nearly 16 years after its network debuted, cryptocurrency solidified its status as a mainstream financial instrument with the approval of 11 exchange-traded funds in January.
The ETFs’ launch marked one of the most successful debuts in history thanks to institutional demand, with Bitcoin-focused funds attracting over $113.5 billion…
https://cryptoinsight.ae/crypto-biz-the-year-of-bitcoin/
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Bitcoin has had such a historic year! Nearly 16 years after its network debuted, cryptocurrency solidified its status as a mainstream financial instrument with the approval of 11 exchange-traded funds in January.
The ETFs’ launch marked one of the most successful debuts in history thanks to institutional demand, with Bitcoin-focused funds attracting over $113.5 billion…
https://cryptoinsight.ae/crypto-biz-the-year-of-bitcoin/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.47 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $94,863.67 (0.5%)
Ethereum ~ $3,376.93 (1.1%)
Solana ~ $194.47 (4.9%)
Polkadot ~ $7.03 (2.2%)
Flow ~ $0.7422 (1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.47 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $94,863.67 (0.5%)
Ethereum ~ $3,376.93 (1.1%)
Solana ~ $194.47 (4.9%)
Polkadot ~ $7.03 (2.2%)
Flow ~ $0.7422 (1.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double
Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally.
The United States spot Ether exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.
December’s $2.1 billion worth of inflows is nearly double that…
https://cryptoinsight.ae/ethereum-prepped-for-2025-rally-as-monthly-ether-etfs-inflows-double/
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Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally.
The United States spot Ether exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.
December’s $2.1 billion worth of inflows is nearly double that…
https://cryptoinsight.ae/ethereum-prepped-for-2025-rally-as-monthly-ether-etfs-inflows-double/
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DeFi has 3 options if IRS rule isn’t rolled back — Alex Thorn
The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rule is not backtracked.
According to Thorn, DeFi services and applications can comply with the…
https://cryptoinsight.ae/defi-has-3-options-if-irs-rule-isnt-rolled-back-alex-thorn/
Website | Twitter | LinkedIn | Telegram
The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rule is not backtracked.
According to Thorn, DeFi services and applications can comply with the…
https://cryptoinsight.ae/defi-has-3-options-if-irs-rule-isnt-rolled-back-alex-thorn/
Website | Twitter | LinkedIn | Telegram
3 major developments that spurred crypto adoption in 2024
In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration.
Cointelegraph has put together some of the most significant events that bolstered mainstream cryptocurrency adoption in 2024, from a…
https://cryptoinsight.ae/3-major-developments-that-spurred-crypto-adoption-in-2024/
Website | Twitter | LinkedIn | Telegram
In 2024, global cryptocurrency adoption surged as Bitcoin broke price records and governments began integrating crypto into their financial frameworks. From Bitcoin’s historic milestones to Europe’s regulatory strides, 2024 set the stage for crypto’s mainstream integration.
Cointelegraph has put together some of the most significant events that bolstered mainstream cryptocurrency adoption in 2024, from a…
https://cryptoinsight.ae/3-major-developments-that-spurred-crypto-adoption-in-2024/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.42 Trillion, a -3.0% change in the last 24 hours
Bitcoin ~ $93,696.74 (-1.2%)
Ethereum ~ $3,417.32 (1.3%)
Solana ~ $192.73 (-0.9%)
Polkadot ~ $7.02 (-0.3%)
Flow ~ $0.7436 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.42 Trillion, a -3.0% change in the last 24 hours
Bitcoin ~ $93,696.74 (-1.2%)
Ethereum ~ $3,417.32 (1.3%)
Solana ~ $192.73 (-0.9%)
Polkadot ~ $7.02 (-0.3%)
Flow ~ $0.7436 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Centralization and the authoritarian threat to privacy — Web3 exec
David Holtzman — a former military intelligence professional, author, White House advisor, and chief strategy officer of the Naoris decentralized security protocol — recently told Cointelegraph that centralized data systems invite abuse from state and corporate actors due to their single point of control.
“The whole problem with centralized systems is that there’s a center,”…
https://cryptoinsight.ae/centralization-and-the-authoritarian-threat-to-privacy-web3-exec/
Website | Twitter | LinkedIn | Telegram
David Holtzman — a former military intelligence professional, author, White House advisor, and chief strategy officer of the Naoris decentralized security protocol — recently told Cointelegraph that centralized data systems invite abuse from state and corporate actors due to their single point of control.
“The whole problem with centralized systems is that there’s a center,”…
https://cryptoinsight.ae/centralization-and-the-authoritarian-threat-to-privacy-web3-exec/
Website | Twitter | LinkedIn | Telegram