Arbitrum airdrop hype grips DeFi world: Finance Redefined
The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
The much-awaited airdrop of layer-2 scalability…
https://cryptoinsight.ae/arbitrum-airdrop-hype-grips-defi-world-finance-redefined/
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The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
The much-awaited airdrop of layer-2 scalability…
https://cryptoinsight.ae/arbitrum-airdrop-hype-grips-defi-world-finance-redefined/
Website | Twitter | LinkedIn | Telegram
US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting
Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”
The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…
https://cryptoinsight.ae/us-treasurys-financial-stability-oversight-council-held-unscheduled-closed-meeting/
Website | Twitter | LinkedIn | Telegram
Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”
The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…
https://cryptoinsight.ae/us-treasurys-financial-stability-oversight-council-held-unscheduled-closed-meeting/
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White House report takes aim at Bybit — and forgot about Deribit
The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.
The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.
The authors should be commended for doing so. I largely agree with the…
https://cryptoinsight.ae/white-house-report-takes-aim-at-bybit-and-forgot-about-deribit/
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The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.
The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets.
The authors should be commended for doing so. I largely agree with the…
https://cryptoinsight.ae/white-house-report-takes-aim-at-bybit-and-forgot-about-deribit/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,718.04 (0.4%)
Ethereum ~ $1,764.93 (0.4%)
Solana ~ $20.90 (0.7%)
Polkadot ~ $6.04 (-0.1%)
Flow ~ $0.967631 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a 0.3% change in the last 24 hours
Bitcoin ~ $27,718.04 (0.4%)
Ethereum ~ $1,764.93 (0.4%)
Solana ~ $20.90 (0.7%)
Polkadot ~ $6.04 (-0.1%)
Flow ~ $0.967631 (-1.2%)
Follow and subscribe - @GulfCryptoInsight
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Businesses should hold two payrolls ‘worth of cash’ in crypto: Tim Draper
American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.”
American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, in response to…
https://cryptoinsight.ae/businesses-should-hold-two-payrolls-worth-of-cash-in-crypto-tim-draper/
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American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.”
American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, in response to…
https://cryptoinsight.ae/businesses-should-hold-two-payrolls-worth-of-cash-in-crypto-tim-draper/
Website | Twitter | LinkedIn | Telegram
Euler Finance exploiter returns over 58,000 stolen Ether
ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets.
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data.
In a transaction on March 25,…
https://cryptoinsight.ae/euler-finance-exploiter-returns-over-58000-stolen-ether/
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ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets.
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data.
In a transaction on March 25,…
https://cryptoinsight.ae/euler-finance-exploiter-returns-over-58000-stolen-ether/
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What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing.
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how…
https://cryptoinsight.ae/what-is-fiscal-policy-and-why-does-it-matter/
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Fiscal policy shapes economies through government spending, taxation and borrowing.
Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how…
https://cryptoinsight.ae/what-is-fiscal-policy-and-why-does-it-matter/
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Arbitrum Discord hacker shares phishing announcement amid airdrop hype
The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive.
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.
On March 25, blockchain-focused security firm…
https://cryptoinsight.ae/arbitrum-discord-hacker-shares-phishing-announcement-amid-airdrop-hype/
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The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive.
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.
On March 25, blockchain-focused security firm…
https://cryptoinsight.ae/arbitrum-discord-hacker-shares-phishing-announcement-amid-airdrop-hype/
Website | Twitter | LinkedIn | Telegram
Gulf Crypto Insight
Arbitrum Discord hacker shares phishing announcement amid airdrop hype - Gulf Crypto Insight
The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive. The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized…
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,755.75 (0.2%)
Ethereum ~ $1,752.26 (-0.7%)
Solana ~ $20.50 (-1.8%)
Polkadot ~ $5.96 (-1.5%)
Flow ~ $0.948969 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,755.75 (0.2%)
Ethereum ~ $1,752.26 (-0.7%)
Solana ~ $20.50 (-1.8%)
Polkadot ~ $5.96 (-1.5%)
Flow ~ $0.948969 (-2.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin is 1 week away from ‘confirming’ new bull market — analyst
BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.
Bitcoin has a matter of days to go before beginning a new macro uptrend, the latest analysis says.
In his latest tweet, popular trader and analyst Rekt Capital flagged a key monthly close in the making for…
https://cryptoinsight.ae/bitcoin-is-1-week-away-from-confirming-new-bull-market-analyst/
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BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital.
Bitcoin has a matter of days to go before beginning a new macro uptrend, the latest analysis says.
In his latest tweet, popular trader and analyst Rekt Capital flagged a key monthly close in the making for…
https://cryptoinsight.ae/bitcoin-is-1-week-away-from-confirming-new-bull-market-analyst/
Website | Twitter | LinkedIn | Telegram
Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday
The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).
North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC).
Under a March 26 purchase and assumption agreement, 17 former branches of…
https://cryptoinsight.ae/breaking-first-citizens-snaps-up-silicon-valley-bank-branches-open-monday/
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The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC).
North Carolina-based First Citizens Bank is set to acquire all deposits and loans of Silicon Valley Bank, according to a statement from the Federal Deposit and Insurance Corporation (FDIC).
Under a March 26 purchase and assumption agreement, 17 former branches of…
https://cryptoinsight.ae/breaking-first-citizens-snaps-up-silicon-valley-bank-branches-open-monday/
Website | Twitter | LinkedIn | Telegram
Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network
Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system,…
https://cryptoinsight.ae/coinbase-wants-devs-to-build-inflation-pegged-flatcoins-on-its-new-base-network/
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Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system,…
https://cryptoinsight.ae/coinbase-wants-devs-to-build-inflation-pegged-flatcoins-on-its-new-base-network/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $27,143.40 (-2.4%)
Ethereum ~ $1,736.40 (-1.1%)
Solana ~ $20.05 (-2.5%)
Polkadot ~ $5.92 (-0.9%)
Flow ~ $0.922847 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.18 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $27,143.40 (-2.4%)
Ethereum ~ $1,736.40 (-1.1%)
Solana ~ $20.05 (-2.5%)
Polkadot ~ $5.92 (-0.9%)
Flow ~ $0.922847 (-2.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
7 details in the CFTC lawsuit against Binance you may have missed
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.
In addition to allegations of market manipulation and…
https://cryptoinsight.ae/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed/
Website | Twitter | LinkedIn | Telegram
Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.
In addition to allegations of market manipulation and…
https://cryptoinsight.ae/7-details-in-the-cftc-lawsuit-against-binance-you-may-have-missed/
Website | Twitter | LinkedIn | Telegram
Voyager’s $1B sale to Binance.US put on hold by US court
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.…
https://cryptoinsight.ae/voyagers-1b-sale-to-binance-us-put-on-hold-by-us-court/
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A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.
Voyager Digital’s $1 billion sale to Binance.US has been temporarily halted by a federal judge after a request by the United States government for an emergency stay.…
https://cryptoinsight.ae/voyagers-1b-sale-to-binance-us-put-on-hold-by-us-court/
Website | Twitter | LinkedIn | Telegram
Biden’s policy on crypto taxation undermines his environmental goals
We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
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We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.
Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from…
https://cryptoinsight.ae/bidens-policy-on-crypto-taxation-undermines-his-environmental-goals/
Website | Twitter | LinkedIn | Telegram
Breaking: Binance CEO CZ rejects allegations of market manipulation
Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance.
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.”
In a…
https://cryptoinsight.ae/breaking-binance-ceo-cz-rejects-allegations-of-market-manipulation/
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Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance.
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.”
In a…
https://cryptoinsight.ae/breaking-binance-ceo-cz-rejects-allegations-of-market-manipulation/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $27,560.02 (2.2%)
Ethereum ~ $1,790.68 (4.1%)
Solana ~ $20.89 (5.1%)
Polkadot ~ $6.17 (5.3%)
Flow ~ $0.957436 (4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.21 Trillion, a 3.1% change in the last 24 hours
Bitcoin ~ $27,560.02 (2.2%)
Ethereum ~ $1,790.68 (4.1%)
Solana ~ $20.89 (5.1%)
Polkadot ~ $6.17 (5.3%)
Flow ~ $0.957436 (4.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors
MetaMask posted a warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media.
Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.
According to a March 28 tweet from…
https://cryptoinsight.ae/scam-alert-metamask-warns-users-of-deceptive-march-31-airdrop-rumors/
Website | Twitter | LinkedIn | Telegram
MetaMask posted a warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media.
Web3 wallet provider MetaMask has warned its users of “false rumors” of a purported MetaMask airdrop, which appears to have been making the rounds on social media.
According to a March 28 tweet from…
https://cryptoinsight.ae/scam-alert-metamask-warns-users-of-deceptive-march-31-airdrop-rumors/
Website | Twitter | LinkedIn | Telegram
The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation.
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…
https://cryptoinsight.ae/the-government-should-fear-ai-not-crypto-galaxy-digital-ceo/
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Galaxy Digital CEO Mike Novogratz believes regulators have got it “completely upside-down” on crypto vs AI regulation.
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake”…
https://cryptoinsight.ae/the-government-should-fear-ai-not-crypto-galaxy-digital-ceo/
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‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork
Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.
Ethereum validators will soon be able to withdraw their Ether from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.
Shapella will take effect at epoch 194,048, which is…
https://cryptoinsight.ae/withdrawals-are-coming-ethereum-devs-confirm-epoch-for-shapella-fork/
Website | Twitter | LinkedIn | Telegram
Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.
Ethereum validators will soon be able to withdraw their Ether from the Beacon Chain, with the Shapella hard fork set to be activated on the Ethereum mainnet on April 12.
Shapella will take effect at epoch 194,048, which is…
https://cryptoinsight.ae/withdrawals-are-coming-ethereum-devs-confirm-epoch-for-shapella-fork/
Website | Twitter | LinkedIn | Telegram