Major cryptocurrencies’ losses deepen after hawkish Fed comments
Prices of Bitcoin and other cryptocurrencies are continuing their slide over the last two days, along with the stock market, as market analysts expect that the US Federal Reserve will raise interest rates soon to fight inflation. Bitcoin has slumped over 17% since December 27.
Bitcoin continues its slide Thursday after hawkish commentary from…
https://cryptoinsight.ae/major-cryptocurrencies-losses-deepen-after-hawkish-fed-comments/
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Prices of Bitcoin and other cryptocurrencies are continuing their slide over the last two days, along with the stock market, as market analysts expect that the US Federal Reserve will raise interest rates soon to fight inflation. Bitcoin has slumped over 17% since December 27.
Bitcoin continues its slide Thursday after hawkish commentary from…
https://cryptoinsight.ae/major-cryptocurrencies-losses-deepen-after-hawkish-fed-comments/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $41,876.90 (-0.1%)
Ethereum ~ $3,134.94 (-2.6%)
Solana ~ $141.45 (0.0%)
Polkadot ~ $24.22 (-4.7%)
Flow ~ $7.90 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $41,876.90 (-0.1%)
Ethereum ~ $3,134.94 (-2.6%)
Solana ~ $141.45 (0.0%)
Polkadot ~ $24.22 (-4.7%)
Flow ~ $7.90 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
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Zcash: 5 years prior, 5 years ahead
The Electric Coin Company (ECC) has been working on Zcash cryptocurrency for five years and has recently presented a new project roadmap. It contains a plan for the transition from the currently used Proof-of-Work algorithm to Proof-of-Stake, as well as a lot of other interesting developments.
A short while ago, on October 28, 2021,…
https://cryptoinsight.ae/zcash-5-years-prior-5-years-ahead/
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The Electric Coin Company (ECC) has been working on Zcash cryptocurrency for five years and has recently presented a new project roadmap. It contains a plan for the transition from the currently used Proof-of-Work algorithm to Proof-of-Stake, as well as a lot of other interesting developments.
A short while ago, on October 28, 2021,…
https://cryptoinsight.ae/zcash-5-years-prior-5-years-ahead/
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Goldman Sachs predicts Bitcoin could reach $100,000 and rival gold as store of value
Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Zach Pandl, the co-head of global foreign exchange, rates, and emerging market strategy for Goldman Sachs, said in a research note to clients.
“We think that Bitcoin’s market share will most likely rise over time as a byproduct…
http://cryptoinsight.ae/goldman-sachs-predicts-bitcoin-could-reach-100000-and-rival-gold-as-store-of-value/
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Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Zach Pandl, the co-head of global foreign exchange, rates, and emerging market strategy for Goldman Sachs, said in a research note to clients.
“We think that Bitcoin’s market share will most likely rise over time as a byproduct…
http://cryptoinsight.ae/goldman-sachs-predicts-bitcoin-could-reach-100000-and-rival-gold-as-store-of-value/
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JPMorgan: Ethereum rivals mounting severe challenge to its DeFi dominance
Analysts at JPMorgan led by Nikolaos Panigirtzoglou have suggested that Ethereum, the second-largest cryptocurrency by market cap, could see its dominance in the decentralized finance (DeFi) space fade to rivals.
According to Bloomberg, the analysts revealed that until the final phase of sharding, which they described as the “most critical” development for scaling Ethereum,…
http://cryptoinsight.ae/jpmorgan-ethereum-rivals-mounting-severe-challenge-to-its-defi-dominance/
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Analysts at JPMorgan led by Nikolaos Panigirtzoglou have suggested that Ethereum, the second-largest cryptocurrency by market cap, could see its dominance in the decentralized finance (DeFi) space fade to rivals.
According to Bloomberg, the analysts revealed that until the final phase of sharding, which they described as the “most critical” development for scaling Ethereum,…
http://cryptoinsight.ae/jpmorgan-ethereum-rivals-mounting-severe-challenge-to-its-defi-dominance/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $41,986.45 (0.3%)
Ethereum ~ $3,169.54 (1.1%)
Solana ~ $142.77 (0.9%)
Polkadot ~ $24.90 (2.6%)
Flow ~ $7.94 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.09 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $41,986.45 (0.3%)
Ethereum ~ $3,169.54 (1.1%)
Solana ~ $142.77 (0.9%)
Polkadot ~ $24.90 (2.6%)
Flow ~ $7.94 (0.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
DCJPY: Creating a Japanese Cryptocurrency
Japan’s largest banks are preparing to start testing the digital yen, created by an independent consortium of developers. If the project were to succeed, Japan would become the first to issue a “real” nationwide cryptocurrency “on a voluntary basis.”
In Japan, a consortium of the country’s 74 largest companies announced the release and subsequent trials…
http://cryptoinsight.ae/dcjpy-creating-a-japanese-cryptocurrency/
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Japan’s largest banks are preparing to start testing the digital yen, created by an independent consortium of developers. If the project were to succeed, Japan would become the first to issue a “real” nationwide cryptocurrency “on a voluntary basis.”
In Japan, a consortium of the country’s 74 largest companies announced the release and subsequent trials…
http://cryptoinsight.ae/dcjpy-creating-a-japanese-cryptocurrency/
Website | Twitter | LinkedIn | Telegram
Suspected crypto ‘rug pull’ scam nets $10 million to actors
Arbix Finance, a yield-farming protocol that runs on Binance Smart Chain, has reportedly siphoned user funds in what blockchain security firm CertiK labeled a “rug pull” following its incident analysis. The developments follow a recent report issued by Chainalysis, the blockchain analytics firm, revealing over $7.7 billion was stolen in crypto scams worldwide in 2021,…
http://cryptoinsight.ae/suspected-crypto-rug-pull-scam-nets-10-million-to-actors/
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Arbix Finance, a yield-farming protocol that runs on Binance Smart Chain, has reportedly siphoned user funds in what blockchain security firm CertiK labeled a “rug pull” following its incident analysis. The developments follow a recent report issued by Chainalysis, the blockchain analytics firm, revealing over $7.7 billion was stolen in crypto scams worldwide in 2021,…
http://cryptoinsight.ae/suspected-crypto-rug-pull-scam-nets-10-million-to-actors/
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Crypto Trends Weekly Jan. 1 – 7
Breaking crypto news from the last week (Jan. 1 – 7, 2022):
Jan. 1: In India, the director-general GST Intelligence (DGGI) searched around half a dozen offices of cryptocurrency service providers following the 700 million rupees tax evasion from cryptocurrency trade. A local media report has confirmed that major Indian cryptocurrency service providers are…
http://cryptoinsight.ae/crypto-trends-weekly-jan-1-7/
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Breaking crypto news from the last week (Jan. 1 – 7, 2022):
Jan. 1: In India, the director-general GST Intelligence (DGGI) searched around half a dozen offices of cryptocurrency service providers following the 700 million rupees tax evasion from cryptocurrency trade. A local media report has confirmed that major Indian cryptocurrency service providers are…
http://cryptoinsight.ae/crypto-trends-weekly-jan-1-7/
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Crypto crime surged to a record $14 billion in 2021, Chainalysis says
A new report from the analytics firm Chainalysis said that illicit addresses received a record $14 billion worth of crypto in 2021, which is more than 79% higher than the $7.8 billion stolen in 2020. On the other hand, the report said that crime is becoming a smaller and smaller part of the crypto ecosystem.…
http://cryptoinsight.ae/crypto-crime-surged-to-a-record-14-billion-in-2021-chainalysis-says/
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A new report from the analytics firm Chainalysis said that illicit addresses received a record $14 billion worth of crypto in 2021, which is more than 79% higher than the $7.8 billion stolen in 2020. On the other hand, the report said that crime is becoming a smaller and smaller part of the crypto ecosystem.…
http://cryptoinsight.ae/crypto-crime-surged-to-a-record-14-billion-in-2021-chainalysis-says/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $42,228.28 (0.6%)
Ethereum ~ $3,117.76 (-1.7%)
Solana ~ $136.30 (-4.6%)
Polkadot ~ $24.10 (-3.2%)
Flow ~ $7.52 (-5.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $42,228.28 (0.6%)
Ethereum ~ $3,117.76 (-1.7%)
Solana ~ $136.30 (-4.6%)
Polkadot ~ $24.10 (-3.2%)
Flow ~ $7.52 (-5.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Future FinTech Group subsidiary launches crypto market data platform FTFTX
Future FinTech Group announced in Abu Dhabi the launch of FTFTX, the innovative global crypto market data platform that provides investors with real-time and reliable market data. The data is available for Bitcoin, Ethereum, EOS, Litecoin, TRON, and other cryptocurrencies via the website and FTFTX App on mobile devices.
According to a press release, Future…
http://cryptoinsight.ae/future-fintech-group-subsidiary-launches-crypto-market-data-platform-ftftx/
Website | Twitter | LinkedIn | Telegram
Future FinTech Group announced in Abu Dhabi the launch of FTFTX, the innovative global crypto market data platform that provides investors with real-time and reliable market data. The data is available for Bitcoin, Ethereum, EOS, Litecoin, TRON, and other cryptocurrencies via the website and FTFTX App on mobile devices.
According to a press release, Future…
http://cryptoinsight.ae/future-fintech-group-subsidiary-launches-crypto-market-data-platform-ftftx/
Website | Twitter | LinkedIn | Telegram
Pakistan investigates $100 million crypto scam
Pakistan’s Federal Investigation Agency (FIA) has uncovered a cryptocurrency investment scam that allegedly cost Pakistani citizens about 17.7 billion rupees (about $100 million). Over the last month, many people in Pakistan complained to the FIA against at least 11 mobile applications which had stopped working over some time and allegedly defrauded their money.
The notice…
http://cryptoinsight.ae/pakistan-investigates-100-million-crypto-scam/
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Pakistan’s Federal Investigation Agency (FIA) has uncovered a cryptocurrency investment scam that allegedly cost Pakistani citizens about 17.7 billion rupees (about $100 million). Over the last month, many people in Pakistan complained to the FIA against at least 11 mobile applications which had stopped working over some time and allegedly defrauded their money.
The notice…
http://cryptoinsight.ae/pakistan-investigates-100-million-crypto-scam/
Website | Twitter | LinkedIn | Telegram
Binance CEO is the wealthiest crypto billionaire at $96 billion
Changpeng Zhao, CEO of Binance, also known as “CZ,” became the wealthiest crypto billionaire with an estimated net worth of $96 billion – and that’s without counting his personal crypto holdings.
According to Bloomberg Billionaires Index, Changpeng Zhao ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange…
https://cryptoinsight.ae/binance-ceo-is-the-wealthiest-crypto-billionaire-at-96-billion/
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Changpeng Zhao, CEO of Binance, also known as “CZ,” became the wealthiest crypto billionaire with an estimated net worth of $96 billion – and that’s without counting his personal crypto holdings.
According to Bloomberg Billionaires Index, Changpeng Zhao ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange…
https://cryptoinsight.ae/binance-ceo-is-the-wealthiest-crypto-billionaire-at-96-billion/
Website | Twitter | LinkedIn | Telegram
As Turkey’s inflation surges to 36%, citizens turn from the lira to stablecoins
Turkey’s economy remains in turmoil with inflation rising to 36%, and since this time last year, the country’s currency has lost 44% of its value against the US dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of all trades with Tether (USDT) are paired against the Turkish lira.
Reports from…
https://cryptoinsight.ae/as-turkeys-inflation-surges-to-36-citizens-turn-from-the-lira-to-stablecoins/
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Turkey’s economy remains in turmoil with inflation rising to 36%, and since this time last year, the country’s currency has lost 44% of its value against the US dollar. Meanwhile, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of all trades with Tether (USDT) are paired against the Turkish lira.
Reports from…
https://cryptoinsight.ae/as-turkeys-inflation-surges-to-36-citizens-turn-from-the-lira-to-stablecoins/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $42,688.88 (1.3%)
Ethereum ~ $3,238.66 (4.0%)
Solana ~ $139.75 (2.2%)
Polkadot ~ $25.98 (7.6%)
Flow ~ $7.76 (3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $42,688.88 (1.3%)
Ethereum ~ $3,238.66 (4.0%)
Solana ~ $139.75 (2.2%)
Polkadot ~ $25.98 (7.6%)
Flow ~ $7.76 (3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
PayPal is exploring its own stablecoin backed by the US dollar
PayPal confirmed Friday that it’s currently researching a PayPal stablecoin, Bloomberg reports. Before, developer Steve Moser found code inside the PayPal app regarding PayPal Coin, a US dollar-backed stablecoin.
A PayPal spokesperson confirmed the code and images came from an internal hackathon by the company’s blockchain, crypto, and digital currencies division.
“We are exploring a…
https://cryptoinsight.ae/paypal-is-exploring-its-own-stablecoin-backed-by-the-us-dollar/
Website | Twitter | LinkedIn | Telegram
PayPal confirmed Friday that it’s currently researching a PayPal stablecoin, Bloomberg reports. Before, developer Steve Moser found code inside the PayPal app regarding PayPal Coin, a US dollar-backed stablecoin.
A PayPal spokesperson confirmed the code and images came from an internal hackathon by the company’s blockchain, crypto, and digital currencies division.
“We are exploring a…
https://cryptoinsight.ae/paypal-is-exploring-its-own-stablecoin-backed-by-the-us-dollar/
Website | Twitter | LinkedIn | Telegram
Central Bank of Bahrain successfully trials JPMorgan’s token for its digital payment
The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan.
Bahrain’s central bank revealed it is committed to improving the customer experience for…
https://cryptoinsight.ae/central-bank-of-bahrain-successfully-trials-jpmorgans-token-for-its-digital-payment/
Website | Twitter | LinkedIn | Telegram
The Central Bank of Bahrain (CBB) has successfully completed a digital payments test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx. The trial run included testing the widely anticipated JPM Coin, a digital currency backed by the American investment bank JPMorgan.
Bahrain’s central bank revealed it is committed to improving the customer experience for…
https://cryptoinsight.ae/central-bank-of-bahrain-successfully-trials-jpmorgans-token-for-its-digital-payment/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $43,807.24 (2.4%)
Ethereum ~ $3,348.55 (3.5%)
Solana ~ $150.10 (6.9%)
Polkadot ~ $26.98 (4.6%)
Flow ~ $7.95 (2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a 3.2% change in the last 24 hours
Bitcoin ~ $43,807.24 (2.4%)
Ethereum ~ $3,348.55 (3.5%)
Solana ~ $150.10 (6.9%)
Polkadot ~ $26.98 (4.6%)
Flow ~ $7.95 (2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Art Dubai unveils in 2022 a new digital section with NFT and VR art
Art Dubai announced on Sunday the list of participating galleries at its 2022 edition, which will be its most extensive to date. The fair will occur at Madinat Jumeirah, Dubai, from 11-13 March 2022, with previews on 9 and 10 March. The upcoming event marks the debut of Art Dubai Digital, an innovative new digital…
http://cryptoinsight.ae/art-dubai-unveils-in-2022-a-new-digital-section-with-nft-and-vr-art/
Website | Twitter | LinkedIn | Telegram
Art Dubai announced on Sunday the list of participating galleries at its 2022 edition, which will be its most extensive to date. The fair will occur at Madinat Jumeirah, Dubai, from 11-13 March 2022, with previews on 9 and 10 March. The upcoming event marks the debut of Art Dubai Digital, an innovative new digital…
http://cryptoinsight.ae/art-dubai-unveils-in-2022-a-new-digital-section-with-nft-and-vr-art/
Website | Twitter | LinkedIn | Telegram