Crypto in 2022: 5 predictions for Bitcoin, NFTs and the future of money
CNET’s experts reveal where cryptocurrency is headed in 2022. This story is part of The Year Ahead, CNET’s look at how the world will continue to evolve starting in 2022 and beyond.
Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new…
https://cryptoinsight.ae/crypto-in-2022-5-predictions-for-bitcoin-nfts-and-the-future-of-money/
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CNET’s experts reveal where cryptocurrency is headed in 2022. This story is part of The Year Ahead, CNET’s look at how the world will continue to evolve starting in 2022 and beyond.
Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new…
https://cryptoinsight.ae/crypto-in-2022-5-predictions-for-bitcoin-nfts-and-the-future-of-money/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $41,824.19 (-3.0%)
Ethereum ~ $3,246.42 (-6.7%)
Solana ~ $140.87 (-6.4%)
Polkadot ~ $25.32 (-3.5%)
Flow ~ $8.16 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $41,824.19 (-3.0%)
Ethereum ~ $3,246.42 (-6.7%)
Solana ~ $140.87 (-6.4%)
Polkadot ~ $25.32 (-3.5%)
Flow ~ $8.16 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $42,003.91 (0.7%)
Ethereum ~ $3,219.78 (0.2%)
Solana ~ $141.45 (1.8%)
Polkadot ~ $25.45 (1.9%)
Flow ~ $8.10 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 0.4% change in the last 24 hours
Bitcoin ~ $42,003.91 (0.7%)
Ethereum ~ $3,219.78 (0.2%)
Solana ~ $141.45 (1.8%)
Polkadot ~ $25.45 (1.9%)
Flow ~ $8.10 (0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Time for regulators. Part 2
American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.
The latest US infrastructure bill introduces the broadest possible characterization…
https://cryptoinsight.ae/time-for-regulators-part-2/
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American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.
The latest US infrastructure bill introduces the broadest possible characterization…
https://cryptoinsight.ae/time-for-regulators-part-2/
Website | Twitter | LinkedIn | Telegram
Bitcoin hashrate and price tumble amid internet blackouts in Kazakhstan
Internet blackouts brought in by the Kazakh authorities to help address Kazakhstan’s spreading unrest dealt a severe blow to Bitcoin cryptocurrency mining activity. The overall BTC hashrate fell 13.4% from roughly 205,000 petahash per second to 177,330 petahash per second. In addition, the Bitcoin price dropped 9% following the Kazakhstan blackouts, dropping to a swing…
http://cryptoinsight.ae/bitcoin-hashrate-and-price-tumble-amid-internet-blackouts-in-kazakhstan/
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Internet blackouts brought in by the Kazakh authorities to help address Kazakhstan’s spreading unrest dealt a severe blow to Bitcoin cryptocurrency mining activity. The overall BTC hashrate fell 13.4% from roughly 205,000 petahash per second to 177,330 petahash per second. In addition, the Bitcoin price dropped 9% following the Kazakhstan blackouts, dropping to a swing…
http://cryptoinsight.ae/bitcoin-hashrate-and-price-tumble-amid-internet-blackouts-in-kazakhstan/
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NFT market passed $41 billion in 2021, rivaling the global fine art market
Nearly $41 billion worth of cryptocurrency was sent to NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis. NFTs are now inching closer and closer in value to the traditional art market.
By the end of 2021, the marketplace for non-fungible tokens…
http://cryptoinsight.ae/nft-market-passed-41-billion-in-2021-rivaling-the-global-fine-art-market/
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Nearly $41 billion worth of cryptocurrency was sent to NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis. NFTs are now inching closer and closer in value to the traditional art market.
By the end of 2021, the marketplace for non-fungible tokens…
http://cryptoinsight.ae/nft-market-passed-41-billion-in-2021-rivaling-the-global-fine-art-market/
Website | Twitter | LinkedIn | Telegram
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
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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