CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.
The United States should lead the development of central bank digital currencies (CBDCs) away from being “surveillance coins” and toward being “freedom coins,” says the former chair of…
https://cryptoinsight.ae/cbdcs-should-protect-privacy-not-be-a-surveillance-tool-former-cftc-chair/
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Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.
The United States should lead the development of central bank digital currencies (CBDCs) away from being “surveillance coins” and toward being “freedom coins,” says the former chair of…
https://cryptoinsight.ae/cbdcs-should-protect-privacy-not-be-a-surveillance-tool-former-cftc-chair/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $24,801.75 (1.3%)
Ethereum ~ $1,706.66 (1.5%)
Solana ~ $21.24 (3.9%)
Polkadot ~ $6.31 (2.3%)
Flow ~ $1.05 (5.3%)
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Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $24,801.75 (1.3%)
Ethereum ~ $1,706.66 (1.5%)
Solana ~ $21.24 (3.9%)
Polkadot ~ $6.31 (2.3%)
Flow ~ $1.05 (5.3%)
Follow and subscribe - @GulfCryptoInsight
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Signature Bank investigated for money laundering prior to demise: Report
The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.
According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice…
https://cryptoinsight.ae/signature-bank-investigated-for-money-laundering-prior-to-demise-report/
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The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.
According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice…
https://cryptoinsight.ae/signature-bank-investigated-for-money-laundering-prior-to-demise-report/
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US banking system outlook downgraded to ‘negative’ following recent bank failures
Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin.
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators…
https://cryptoinsight.ae/us-banking-system-outlook-downgraded-to-negative-following-recent-bank-failures/
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Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin.
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators…
https://cryptoinsight.ae/us-banking-system-outlook-downgraded-to-negative-following-recent-bank-failures/
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AI-based tools bring security and transparency to the NFT market
AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital…
https://cryptoinsight.ae/ai-based-tools-bring-security-and-transparency-to-the-nft-market/
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AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital…
https://cryptoinsight.ae/ai-based-tools-bring-security-and-transparency-to-the-nft-market/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $24,583.11 (-0.8%)
Ethereum ~ $1,653.73 (-2.9%)
Solana ~ $19.43 (-8.2%)
Polkadot ~ $5.99 (-4.8%)
Flow ~ $0.985509 (-6.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $24,583.11 (-0.8%)
Ethereum ~ $1,653.73 (-2.9%)
Solana ~ $19.43 (-8.2%)
Polkadot ~ $5.99 (-4.8%)
Flow ~ $0.985509 (-6.1%)
Follow and subscribe - @GulfCryptoInsight
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Euler hacker seemingly taking their chances, sends funds to crypto mixer
Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.
The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…
https://cryptoinsight.ae/euler-hacker-seemingly-taking-their-chances-sends-funds-to-crypto-mixer/
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Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.
The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…
https://cryptoinsight.ae/euler-hacker-seemingly-taking-their-chances-sends-funds-to-crypto-mixer/
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Coinbase met with Australian banking regulators over local crypto regulations
Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts.
The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.
Responding to Cointelegraph’s…
https://cryptoinsight.ae/coinbase-met-with-australian-banking-regulators-over-local-crypto-regulations/
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Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts.
The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.
Responding to Cointelegraph’s…
https://cryptoinsight.ae/coinbase-met-with-australian-banking-regulators-over-local-crypto-regulations/
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US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.
The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin, says Galaxy Digital founder and CEO Michael Novogratz.
“We are going to have a…
https://cryptoinsight.ae/us-credit-crunch-means-its-time-to-buy-gold-and-bitcoin-novogratz/
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The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.
The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin, says Galaxy Digital founder and CEO Michael Novogratz.
“We are going to have a…
https://cryptoinsight.ae/us-credit-crunch-means-its-time-to-buy-gold-and-bitcoin-novogratz/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 4.1% change in the last 24 hours
Bitcoin ~ $25,959.31 (5.7%)
Ethereum ~ $1,714.87 (3.6%)
Solana ~ $20.11 (3.4%)
Polkadot ~ $6.24 (4.1%)
Flow ~ $1.03 (4.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 4.1% change in the last 24 hours
Bitcoin ~ $25,959.31 (5.7%)
Ethereum ~ $1,714.87 (3.6%)
Solana ~ $20.11 (3.4%)
Polkadot ~ $6.24 (4.1%)
Flow ~ $1.03 (4.6%)
Follow and subscribe - @GulfCryptoInsight
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Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
The collapse of Silicon Valley Bank saw investors loading their bags with USD Coin, along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).
Outflows from centralized exchanges…
https://cryptoinsight.ae/crypto-users-turned-to-dexs-loaded-up-on-usdc-after-silicon-valley-bank-crash/
Website | Twitter | LinkedIn | Telegram
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
The collapse of Silicon Valley Bank saw investors loading their bags with USD Coin, along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).
Outflows from centralized exchanges…
https://cryptoinsight.ae/crypto-users-turned-to-dexs-loaded-up-on-usdc-after-silicon-valley-bank-crash/
Website | Twitter | LinkedIn | Telegram
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner…
https://cryptoinsight.ae/collapse-of-silvergate-and-silicon-valley-bank-represent-a-challenge-for-crypto/
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The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner…
https://cryptoinsight.ae/collapse-of-silvergate-and-silicon-valley-bank-represent-a-challenge-for-crypto/
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Bitcoin bears could face $440M loss in Friday’s options expiry
The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry.
The rejection that followed Bitcoin’s rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5%…
https://cryptoinsight.ae/bitcoin-bears-could-face-440m-loss-in-fridays-options-expiry/
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The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry.
The rejection that followed Bitcoin’s rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5%…
https://cryptoinsight.ae/bitcoin-bears-could-face-440m-loss-in-fridays-options-expiry/
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Post-Merge Ethereum: Grayscale extends review of ETHPoW decision
Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders.
Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens.
Grayscale announced on March 16 that the company intends…
https://cryptoinsight.ae/post-merge-ethereum-grayscale-extends-review-of-ethpow-decision/
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Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders.
Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens.
Grayscale announced on March 16 that the company intends…
https://cryptoinsight.ae/post-merge-ethereum-grayscale-extends-review-of-ethpow-decision/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 5.9% change in the last 24 hours
Bitcoin ~ $27,670.75 (6.5%)
Ethereum ~ $1,817.64 (6.0%)
Solana ~ $22.58 (12.4%)
Polkadot ~ $6.65 (6.7%)
Flow ~ $1.10 (6.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 5.9% change in the last 24 hours
Bitcoin ~ $27,670.75 (6.5%)
Ethereum ~ $1,817.64 (6.0%)
Solana ~ $22.58 (12.4%)
Polkadot ~ $6.65 (6.7%)
Flow ~ $1.10 (6.3%)
Follow and subscribe - @GulfCryptoInsight
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Crypto market cap reclaims $1T, and derivatives point to further upside
Bitcoin’s performance has outpaced Warren Buffett’s Berkshire Hathaway over the past six months, with crypto markets appearing to have turned a corner.
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained…
https://cryptoinsight.ae/crypto-market-cap-reclaims-1t-and-derivatives-point-to-further-upside/
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Bitcoin’s performance has outpaced Warren Buffett’s Berkshire Hathaway over the past six months, with crypto markets appearing to have turned a corner.
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained…
https://cryptoinsight.ae/crypto-market-cap-reclaims-1t-and-derivatives-point-to-further-upside/
Website | Twitter | LinkedIn | Telegram
Microsoft reportedly testing Edge browser web3 wallet integration
The supposed screenshots show a non-custodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge.
Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser.
In a March 17 Twitter thread, software documenter — and occasional info leaker — Albacore shared a series of supposed…
https://cryptoinsight.ae/microsoft-reportedly-testing-edge-browser-web3-wallet-integration/
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The supposed screenshots show a non-custodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge.
Microsoft is reportedly working on integrating a crypto and nonfungible token (NFT) friendly Web3 wallet into its Edge web browser.
In a March 17 Twitter thread, software documenter — and occasional info leaker — Albacore shared a series of supposed…
https://cryptoinsight.ae/microsoft-reportedly-testing-edge-browser-web3-wallet-integration/
Website | Twitter | LinkedIn | Telegram
More 186 US banks well-positioned for collapse, SVB analysis reveals
Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability.
The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank…
https://cryptoinsight.ae/more-186-us-banks-well-positioned-for-collapse-svb-analysis-reveals/
Website | Twitter | LinkedIn | Telegram
Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability.
The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank…
https://cryptoinsight.ae/more-186-us-banks-well-positioned-for-collapse-svb-analysis-reveals/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $27,216.10 (-1.6%)
Ethereum ~ $1,787.07 (-1.8%)
Solana ~ $21.87 (-3.3%)
Polkadot ~ $6.47 (-2.7%)
Flow ~ $1.07 (-2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $27,216.10 (-1.6%)
Ethereum ~ $1,787.07 (-1.8%)
Solana ~ $21.87 (-3.3%)
Polkadot ~ $6.47 (-2.7%)
Flow ~ $1.07 (-2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Former Coinbase CTO makes $2M bet on Bitcoin’s performance
Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States.
Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.
The wager was…
https://cryptoinsight.ae/former-coinbase-cto-makes-2m-bet-on-bitcoins-performance/
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Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States.
Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.
The wager was…
https://cryptoinsight.ae/former-coinbase-cto-makes-2m-bet-on-bitcoins-performance/
Website | Twitter | LinkedIn | Telegram
What are distributed systems, and how do they work?
What is a distributed system?
A distributed system is a collection of independent computers that appear to the user as a single coherent system.
To accomplish a common objective, the computers in a distributed system communicate with one another. A distributed system’s computers may be housed in one physical place or dispersed across several regions.…
https://cryptoinsight.ae/what-are-distributed-systems-and-how-do-they-work/
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What is a distributed system?
A distributed system is a collection of independent computers that appear to the user as a single coherent system.
To accomplish a common objective, the computers in a distributed system communicate with one another. A distributed system’s computers may be housed in one physical place or dispersed across several regions.…
https://cryptoinsight.ae/what-are-distributed-systems-and-how-do-they-work/
Website | Twitter | LinkedIn | Telegram