Hello there!
Day started from:
The global cryptocurrency market cap today is $2.62 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $66,939.53 (1.9%)
Ethereum ~ $3,279.41 (-0.8%)
Solana ~ $176.01 (-4.1%)
Polkadot ~ $8.31 (-1.7%)
Flow ~ $1.19 (0.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.62 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $66,939.53 (1.9%)
Ethereum ~ $3,279.41 (-0.8%)
Solana ~ $176.01 (-4.1%)
Polkadot ~ $8.31 (-1.7%)
Flow ~ $1.19 (0.6%)
Follow and subscribe - @GulfCryptoInsight
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Average daily active unique wallets reach 7M — DappRadar
The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024.
DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million. This shows an increase of approximately 40% since February 2024, indicating…
https://cryptoinsight.ae/average-daily-active-unique-wallets-reach-7m-dappradar/
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The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024.
DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million. This shows an increase of approximately 40% since February 2024, indicating…
https://cryptoinsight.ae/average-daily-active-unique-wallets-reach-7m-dappradar/
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Solana struggles: Record 75% of users txs are failing… or are they?
Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana, however, proponents say the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate…
https://cryptoinsight.ae/solana-struggles-record-75-of-users-txs-are-failing-or-are-they/
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Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana, however, proponents say the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate…
https://cryptoinsight.ae/solana-struggles-record-75-of-users-txs-are-failing-or-are-they/
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Web3 needs player-centric games for mass adoption — Websea exec
Web3 gaming needs more player-centric projects with smooth onboarding to bolster mainstream adoption, according to Herbert Sim, chief operating officer of the hybrid cryptocurrency exchange Websea.
He told Cointelegraph in an exclusive interview:
“GameFi projects need to put players at the forefront. At Websea Labs, we’re looking at projects enhancing user experience and gameplay, with…
https://cryptoinsight.ae/web3-needs-player-centric-games-for-mass-adoption-websea-exec/
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Web3 gaming needs more player-centric projects with smooth onboarding to bolster mainstream adoption, according to Herbert Sim, chief operating officer of the hybrid cryptocurrency exchange Websea.
He told Cointelegraph in an exclusive interview:
“GameFi projects need to put players at the forefront. At Websea Labs, we’re looking at projects enhancing user experience and gameplay, with…
https://cryptoinsight.ae/web3-needs-player-centric-games-for-mass-adoption-websea-exec/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.66 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $68,033.80 (1.6%)
Ethereum ~ $3,337.25 (1.9%)
Solana ~ $177.49 (1.1%)
Polkadot ~ $8.46 (2.0%)
Flow ~ $1.25 (4.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.66 Trillion, a 1.0% change in the last 24 hours
Bitcoin ~ $68,033.80 (1.6%)
Ethereum ~ $3,337.25 (1.9%)
Solana ~ $177.49 (1.1%)
Polkadot ~ $8.46 (2.0%)
Flow ~ $1.25 (4.9%)
Follow and subscribe - @GulfCryptoInsight
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Terraform Labs was ‘built on lies’ — SEC at trial
As the trial between Terraform Labs and the United States Securities and Exchange Commission (SEC) approaches the finish line, attorneys alleged the crypto firm made several false claims regarding the platform to investors.
According to an April 5 Reuters report, SEC lawyers said in U.S. District Court for the Southern District of New York that…
https://cryptoinsight.ae/terraform-labs-was-built-on-lies-sec-at-trial/
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As the trial between Terraform Labs and the United States Securities and Exchange Commission (SEC) approaches the finish line, attorneys alleged the crypto firm made several false claims regarding the platform to investors.
According to an April 5 Reuters report, SEC lawyers said in U.S. District Court for the Southern District of New York that…
https://cryptoinsight.ae/terraform-labs-was-built-on-lies-sec-at-trial/
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Starknet explains reasons for 4-hour block outage
Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions. The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production.
Starkscan shows a gap between the creation of blocks 630028 and 630029 on April 4, while Starknet’s status page did not reflect any outages on…
https://cryptoinsight.ae/starknet-explains-reasons-for-4-hour-block-outage/
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Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions. The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production.
Starkscan shows a gap between the creation of blocks 630028 and 630029 on April 4, while Starknet’s status page did not reflect any outages on…
https://cryptoinsight.ae/starknet-explains-reasons-for-4-hour-block-outage/
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Cboe seeks SEC approval to mix mutual funds with ETFs
Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds.
According to a Reuters report on April 4, Cboe submitted a 19b-4 form requesting the green light to add an ETF share class to existing mutual…
https://cryptoinsight.ae/cboe-seeks-sec-approval-to-mix-mutual-funds-with-etfs/
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Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds.
According to a Reuters report on April 4, Cboe submitted a 19b-4 form requesting the green light to add an ETF share class to existing mutual…
https://cryptoinsight.ae/cboe-seeks-sec-approval-to-mix-mutual-funds-with-etfs/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $69,370.74 (2.0%)
Ethereum ~ $3,394.56 (1.6%)
Solana ~ $180.90 (1.8%)
Polkadot ~ $8.64 (2.1%)
Flow ~ $1.26 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.71 Trillion, a 2.0% change in the last 24 hours
Bitcoin ~ $69,370.74 (2.0%)
Ethereum ~ $3,394.56 (1.6%)
Solana ~ $180.90 (1.8%)
Polkadot ~ $8.64 (2.1%)
Flow ~ $1.26 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
From barrier to benefit: How KYC compliance saves crypto users money
What is KYC and how does it work?
KYC, which stands for “Know Your Customer,” is a due diligence and security process implemented by financial institutions to verify the identity of their clients and determine the potential risks of illegal activities such as money laundering and terrorism financing.
By helping protect companies from doing business…
https://cryptoinsight.ae/from-barrier-to-benefit-how-kyc-compliance-saves-crypto-users-money/
Website | Twitter | LinkedIn | Telegram
What is KYC and how does it work?
KYC, which stands for “Know Your Customer,” is a due diligence and security process implemented by financial institutions to verify the identity of their clients and determine the potential risks of illegal activities such as money laundering and terrorism financing.
By helping protect companies from doing business…
https://cryptoinsight.ae/from-barrier-to-benefit-how-kyc-compliance-saves-crypto-users-money/
Website | Twitter | LinkedIn | Telegram
Fantom CEO defends Solana amid network woes
Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi).
According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet…
https://cryptoinsight.ae/fantom-ceo-defends-solana-amid-network-woes/
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Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi).
According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet…
https://cryptoinsight.ae/fantom-ceo-defends-solana-amid-network-woes/
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Bitcoin halving will have to battle with ‘weak time of year’ — Coinbase
Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase.
The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained in its April…
https://cryptoinsight.ae/bitcoin-halving-will-have-to-battle-with-weak-time-of-year-coinbase/
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Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase.
The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained in its April…
https://cryptoinsight.ae/bitcoin-halving-will-have-to-battle-with-weak-time-of-year-coinbase/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $69,696.61 (0.6%)
Ethereum ~ $3,425.46 (1.1%)
Solana ~ $176.88 (-2.0%)
Polkadot ~ $8.63 (0.1%)
Flow ~ $1.24 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.72 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $69,696.61 (0.6%)
Ethereum ~ $3,425.46 (1.1%)
Solana ~ $176.88 (-2.0%)
Polkadot ~ $8.63 (0.1%)
Flow ~ $1.24 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Base hits $4B TVL as monthly txs outstrip Ethereum and Arbitrum
Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival Arbitrum.
L2BEAT data updated on April 7 shows Base’s total TVL at $4.15 billion,…
https://cryptoinsight.ae/base-hits-4b-tvl-as-monthly-txs-outstrip-ethereum-and-arbitrum/
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Crypto exchange Coinbase’s Ethereum layer-2 blockchain Base has seen its total value locked (TVL) surge by over 13.2% in the past week to surpass $4 billion for the first time as its 30-day transactions beat out Ethereum and its top rival Arbitrum.
L2BEAT data updated on April 7 shows Base’s total TVL at $4.15 billion,…
https://cryptoinsight.ae/base-hits-4b-tvl-as-monthly-txs-outstrip-ethereum-and-arbitrum/
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Crypto VC sees a ‘new class’ of profitable memecoins this cycle
Memecoins that can capitalize on deeper “culture” this cycle could be far more profitable than standard meme tokens based on animals and simple jokes, according to Mechanism Capital co-founder Andrew Kang.
In an April 7 post to X, Kang said a new class of “culture coins” — memecoins centered around cultural values such as politics,…
https://cryptoinsight.ae/crypto-vc-sees-a-new-class-of-profitable-memecoins-this-cycle/
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Memecoins that can capitalize on deeper “culture” this cycle could be far more profitable than standard meme tokens based on animals and simple jokes, according to Mechanism Capital co-founder Andrew Kang.
In an April 7 post to X, Kang said a new class of “culture coins” — memecoins centered around cultural values such as politics,…
https://cryptoinsight.ae/crypto-vc-sees-a-new-class-of-profitable-memecoins-this-cycle/
Website | Twitter | LinkedIn | Telegram
Bitcoin ‘Bollinger Band’ signal suggests BTC could double by July
The price of Bitcoin could double from its current value of $69,000 in as little as three months time, according to an analysts’ take on a widely-used momentum indicator.
Pseudonymous analyst TechDev told their 440,000 followers on X that Bitcoin had closed two consecutive months above the upper Bollinger Band, adding that every time Bitcoin…
https://cryptoinsight.ae/bitcoin-bollinger-band-signal-suggests-btc-could-double-by-july/
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The price of Bitcoin could double from its current value of $69,000 in as little as three months time, according to an analysts’ take on a widely-used momentum indicator.
Pseudonymous analyst TechDev told their 440,000 followers on X that Bitcoin had closed two consecutive months above the upper Bollinger Band, adding that every time Bitcoin…
https://cryptoinsight.ae/bitcoin-bollinger-band-signal-suggests-btc-could-double-by-july/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.81 Trillion, a 3.4% change in the last 24 hours
Bitcoin ~ $71,028.99 (1.9%)
Ethereum ~ $3,686.17 (7.5%)
Solana ~ $177.96 (0.6%)
Polkadot ~ $9.05 (4.9%)
Flow ~ $1.31 (5.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.81 Trillion, a 3.4% change in the last 24 hours
Bitcoin ~ $71,028.99 (1.9%)
Ethereum ~ $3,686.17 (7.5%)
Solana ~ $177.96 (0.6%)
Polkadot ~ $9.05 (4.9%)
Flow ~ $1.31 (5.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum boosts 8% amid ‘ultra-strong’ social and market activity
Ether accelerated 8% in spot crypto markets on Monday amid an uptick in social sentiment and optimism among derivatives traders.
Ether prices have gained around 8% over the past 24 hours, with the asset hitting an intraday high of $3,722 on April 9, outpacing Bitcoin and most of its closest peers, according to CoinGecko.
It…
https://cryptoinsight.ae/ethereum-boosts-8-amid-ultra-strong-social-and-market-activity/
Website | Twitter | LinkedIn | Telegram
Ether accelerated 8% in spot crypto markets on Monday amid an uptick in social sentiment and optimism among derivatives traders.
Ether prices have gained around 8% over the past 24 hours, with the asset hitting an intraday high of $3,722 on April 9, outpacing Bitcoin and most of its closest peers, according to CoinGecko.
It…
https://cryptoinsight.ae/ethereum-boosts-8-amid-ultra-strong-social-and-market-activity/
Website | Twitter | LinkedIn | Telegram
Solana devs target April 15 for failed TX fix — it’s ‘not a design flaw’
Solana developers are targeting April 15 to implement a fix for an “implementation bug” that recently caused the transaction failure rate on Solana to skyrocket.
“Solana’s current issue is not a design flaw, it’s an implementation bug,” stressed Mert Mumtaz, the CEO of Helius Labs, a blockchain infrastructure firm that provides back-end support exclusively to…
https://cryptoinsight.ae/solana-devs-target-april-15-for-failed-tx-fix-its-not-a-design-flaw/
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Solana developers are targeting April 15 to implement a fix for an “implementation bug” that recently caused the transaction failure rate on Solana to skyrocket.
“Solana’s current issue is not a design flaw, it’s an implementation bug,” stressed Mert Mumtaz, the CEO of Helius Labs, a blockchain infrastructure firm that provides back-end support exclusively to…
https://cryptoinsight.ae/solana-devs-target-april-15-for-failed-tx-fix-its-not-a-design-flaw/
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1inch unveils crypto debit card in partnership with Mastercard and Baanx
Decentralized finance (DeFi) firm 1inch Network has debuted a new debit card with cryptocurrency-to-fiat bridge functionality. The new card was developed in partnership with Mastercard and Baanx.
According to a blog post from 1inch, the new debit cards will feature full functionality, including a physical card featuring an account number, expiration date and the “CVC”…
https://cryptoinsight.ae/1inch-unveils-crypto-debit-card-in-partnership-with-mastercard-and-baanx/
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Decentralized finance (DeFi) firm 1inch Network has debuted a new debit card with cryptocurrency-to-fiat bridge functionality. The new card was developed in partnership with Mastercard and Baanx.
According to a blog post from 1inch, the new debit cards will feature full functionality, including a physical card featuring an account number, expiration date and the “CVC”…
https://cryptoinsight.ae/1inch-unveils-crypto-debit-card-in-partnership-with-mastercard-and-baanx/
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