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The global cryptocurrency market cap today is $985 Billion, a -1.0% change in the last 24 hours

Bitcoin ~ $21,357.02 (-0.7%)
Ethereum ~ $1,193.15 (-1.8%)
Solana ~ $37.45 (-2.3%)
Polkadot ~ $7.09 (-0.8%)
Flow ~ $1.66 (-1.2%)

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Most Ethereum 2.0 stakers are currently not in profit amid the bear market

After Ethereum’s price declined above 78% since November’s all-time high, just 17% of Ethereum 2.0 stakers are currently in profit, the Glassnode report revealed. Also, the number of deposits into the Ethereum 2.0 contract has fallen in the last few months.

According to the latest report from blockchain analytics firm Glassnode, Ethereum 2.0 stakers are…

https://cryptoinsight.ae/most-ethereum-2-0-stakers-are-currently-not-in-profit-amid-the-bear-market/

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Central African Republic announced the launch of its own CBDC

President of the Central African Republic Faustin-Archange Touadera announced on July 3 that the country would be launching its own CBDC, Sango Coin. The national-backed cryptocurrency initiative to increase the opportunities to build the digital assets industry in the country was revealed during the ‘Sango Genesis’ online conference.

Besides the announcement of a CBDC, speakers…

https://cryptoinsight.ae/central-african-republic-announced-the-launch-of-its-own-cbdc/

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Burn-to-Earn: German entrepreneur in Dubai merges fitness and crypto

Ferhat Kacmaz, a German entrepreneur who moved to Dubai, took the risk of merging fitness and crypto, incentivizing his customers to train with cryptocurrency in his own “burn-to-earn” app Fit Burn. His Fit in Time chain has already spread in the UAE, Bahrain, and Kuwait, with plans to soon open in Saudi Arabia, reflecting the…

https://cryptoinsight.ae/burn-to-earn-german-entrepreneur-in-dubai-merges-fitness-and-crypto/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $951 Billion, a -3.6% change in the last 24 hours

Bitcoin ~ $20,477.58 (-3.9%)
Ethereum ~ $1,144.70 (-3.9%)
Solana ~ $35.19 (-6.0%)
Polkadot ~ $6.76 (-4.4%)
Flow ~ $1.58 (-4.4%)

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Crypto is trying out traditional finance’s failures in hyperspeed, but it’s going to be fine

What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times — writes George Kaloudis on CoinDesk.

The last time I wrote about a stablecoin, it failed spectacularly. So when a colleague of mine suggested I write about MakerDAO’s proposal to invest in US Treasurys…

https://cryptoinsight.ae/crypto-is-trying-out-traditional-finances-failures-in-hyperspeed-but-its-going-to-be-fine/

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Crypto Trends Weekly July 2 – 8

Breaking crypto news from the last week (July 2 – 8, 2022):

July 2: European authorities have reached a milestone deal to regulate the trading of crypto assets in the bloc, to rein in what lawmakers call the “wild west” of financial markets. These standards are designed to protect consumers and increase transparency from companies.…

https://cryptoinsight.ae/crypto-trends-weekly-july-2-8/

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Grayscale rebalances its funds, removing 5 cryptos from its portfolio

Grayscale, the world’s largest digital currency asset manager, has announced rebalancing its Fund Components for the second quarter of 2022. However, the organization revealed it removed some crypto tokens from its portfolio.

According to the release, Grayscale mentioned that in accordance with the Large Cap Select Index methodology it has removed Bitcoin Cash, Chainlink, Litecoin,…

https://cryptoinsight.ae/grayscale-rebalances-its-funds-removing-5-cryptos-from-its-portfolio/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $928 Billion, a -2.9% change in the last 24 hours

Bitcoin ~ $20,007.20 (-2.5%)
Ethereum ~ $1,089.42 (-5.2%)
Solana ~ $33.87 (-4.8%)
Polkadot ~ $6.59 (-2.8%)
Flow ~ $1.52 (-4.8%)

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Chainalysis to train UAE state employees for blockchain tech adoption

The UAE has signed a memorandum of understanding with blockchain intelligence firm Chainalysis. The agreement will see Chainalysis train employees of government institutions in the areas of blockchain technology and digital assets.

According to a report by UAE’s official news agency Emirates News Agency (WAM), the memorandum of understanding (MoU) was signed by Omar bin…

https://cryptoinsight.ae/chainalysis-to-train-uae-state-employees-for-blockchain-tech-adoption/

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Terra-based projects migrating to Polygon

Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless.

“We will be putting capital and resources against these migrations to…

https://cryptoinsight.ae/terra-based-projects-migrating-to-polygon/

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Dubai improves crypto reputation as crypto firms move to the UAE

Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…

https://cryptoinsight.ae/dubai-improves-crypto-reputation-as-crypto-firms-move-to-the-uae/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $910 Billion, a -2.2% change in the last 24 hours

Bitcoin ~ $19,495.36 (-2.0%)
Ethereum ~ $1,057.19 (-2.6%)
Solana ~ $33.17 (-1.9%)
Polkadot ~ $6.40 (-2.6%)
Flow ~ $1.46 (-3.4%)

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Multicoin Capital launches its new $430 million venture fund

Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its latest fund, Venture Fund III, with commitments of up to $430 million. The fund will be used for investments in projects based on a “proof of physical work” model, permissionless data aggregation, and offering creator monetization.

Multicoin…

https://cryptoinsight.ae/multicoin-capital-launches-its-new-430-million-venture-fund/

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Animoca Brands raises $75 million more, reaching a valuation of $5.9 billion

Animoca Brands, a Hong Kong-based gaming software and venture capital company, has completed a $75.32 million raise at a pre-money valuation of $5.9 billion, the company said Tuesday. The raise is the second part of a funding round, bringing in $358.88 million.

In January, the company hit a valuation of more than $5 billion after…

https://cryptoinsight.ae/animoca-brands-raises-75-million-more-reaching-a-valuation-of-5-9-billion/

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Dubai’s Alawad Fund announces investment in MetaBitcoin (MBTC)

Alawad Fund selected MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the metaverse ecosystem, as its first investment destination. Jointly with prominent partners, Alawad Fund plans to invest in promising blockchain projects, virtual-asset startups, cryptocurrency exchanges, and bitcoin mining.

On March 26, Alawad Fund was launched in Dubai, the city attracting global attention as…

https://cryptoinsight.ae/dubais-alawad-fund-announces-investment-in-metabitcoin-mbtc/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $934 Billion, a 2.4% change in the last 24 hours

Bitcoin ~ $20,103.80 (3.0%)
Ethereum ~ $1,103.41 (4.3%)
Solana ~ $34.44 (3.7%)
Polkadot ~ $6.49 (1.7%)
Flow ~ $1.48 (1.4%)

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Majority of crypto investors expect prices to plunge than rebound, survey says

Bitcoin is more likely to plummet to $10,000 than soar again above $30,000 following the recent downturn in the market, said the results of a survey published on July 11.

According to the latest MLIV Pulse survey, Bitcoin is more likely to tumble to $10,000 than it is to rally back to $30,000, said 60%…

https://cryptoinsight.ae/majority-of-crypto-investors-expect-prices-to-plunge-than-rebound-survey-says/

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Dubai’s new project Aarma Coin to launch its crypto wallet and NFT marketplace

Aarma Coin, a crypto project recently launched in Dubai, has announced the launch of its own NFT marketplace, an E-commerce platform with a utility portal. In July 2022, the team plans to launch its Aarma Wallet, with an extensive roadmap ahead.

Aarma Coin, a promising cryptocurrency project, was registered in Dubai, UAE, in 2022. With…

https://cryptoinsight.ae/dubais-new-project-aarma-coin-to-launch-its-crypto-wallet-and-nft-marketplace/

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The era of easy DeFi yields is over but still attractive

Alpha in DeFi is about to get a lot scarcer, although still super attractive. Luckily, risk management will eventually get much simpler, suggests Jesus Rodriguez, the CEO of IntoTheBlock, in an article on CoinDesk.

Decentralized finance (DeFi) has been one of the areas of crypto most affected during the recent market downturn. From the collapse…

https://cryptoinsight.ae/the-era-of-easy-defi-yields-is-over-but-still-attractive/

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