Binance vs. CFTC: Latest court battle could alter crypto landscape in US
The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.
Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.…
https://cryptoinsight.ae/binance-vs-cftc-latest-court-battle-could-alter-crypto-landscape-in-us/
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The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits.
Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.…
https://cryptoinsight.ae/binance-vs-cftc-latest-court-battle-could-alter-crypto-landscape-in-us/
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Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.
Binance’s native stablecoin — Binance USD — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.
However, on…
https://cryptoinsight.ae/do-algorithmic-stablecoins-have-a-future-as-centralized-coins-are-under-scrutiny/
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Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.
Binance’s native stablecoin — Binance USD — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.
However, on…
https://cryptoinsight.ae/do-algorithmic-stablecoins-have-a-future-as-centralized-coins-are-under-scrutiny/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -2.3% change in the last 24 hours
Bitcoin ~ $27,717.20 (-2.7%)
Ethereum ~ $1,781.86 (-2.3%)
Solana ~ $20.12 (-4.5%)
Polkadot ~ $6.19 (-3.5%)
Flow ~ $0.966646 (-3.2%)
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Day started from:
The global cryptocurrency market cap today is $1.2 Trillion, a -2.3% change in the last 24 hours
Bitcoin ~ $27,717.20 (-2.7%)
Ethereum ~ $1,781.86 (-2.3%)
Solana ~ $20.12 (-4.5%)
Polkadot ~ $6.19 (-3.5%)
Flow ~ $0.966646 (-3.2%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin copying ‘familiar’ price trend in 2023, two more metrics show
The SLRV Ribbons and Bitcoin Yardstick tools both reveal copycat behavior from 2019 when it comes to Bitcoin price recovery.
Bitcoin is on the road to a new bull market and should deliver serious returns in the process, fresh analysis reveals.
In a tweet on April 2, Charles Edwards, founder of Bitcoin and digital asset…
https://cryptoinsight.ae/bitcoin-copying-familiar-price-trend-in-2023-two-more-metrics-show/
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The SLRV Ribbons and Bitcoin Yardstick tools both reveal copycat behavior from 2019 when it comes to Bitcoin price recovery.
Bitcoin is on the road to a new bull market and should deliver serious returns in the process, fresh analysis reveals.
In a tweet on April 2, Charles Edwards, founder of Bitcoin and digital asset…
https://cryptoinsight.ae/bitcoin-copying-familiar-price-trend-in-2023-two-more-metrics-show/
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UK banks are turning away crypto clients: Report
Challenges for crypto companies range from having applications rejected, accounts frozen, to being overwhelmed with paperwork.
Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions.…
https://cryptoinsight.ae/uk-banks-are-turning-away-crypto-clients-report/
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Challenges for crypto companies range from having applications rejected, accounts frozen, to being overwhelmed with paperwork.
Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions.…
https://cryptoinsight.ae/uk-banks-are-turning-away-crypto-clients-report/
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Arbitrum to break up governance votes after community backlash
The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens.
Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.
On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely…
https://cryptoinsight.ae/arbitrum-to-break-up-governance-votes-after-community-backlash/
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The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens.
Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders.
On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely…
https://cryptoinsight.ae/arbitrum-to-break-up-governance-votes-after-community-backlash/
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Buterin weighs in on zk-EVMs’ impact on decentralization and security
Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer.
Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.
Buterin…
https://cryptoinsight.ae/buterin-weighs-in-on-zk-evms-impact-on-decentralization-and-security/
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Vitalik Buterin has weighed the impacts of the addition of zk-EVMs at the protocol level, saying it could speed up the verification process on the base layer.
Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain.
Buterin…
https://cryptoinsight.ae/buterin-weighs-in-on-zk-evms-impact-on-decentralization-and-security/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $27,921.45 (0.8%)
Ethereum ~ $1,811.65 (1.6%)
Solana ~ $20.45 (1.6%)
Polkadot ~ $6.39 (3.2%)
Flow ~ $0.965103 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.22 Trillion, a 1.1% change in the last 24 hours
Bitcoin ~ $27,921.45 (0.8%)
Ethereum ~ $1,811.65 (1.6%)
Solana ~ $20.45 (1.6%)
Polkadot ~ $6.39 (3.2%)
Flow ~ $0.965103 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
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Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
Bitcoin is “untouchable,” because it’s more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone.
Bitcoin is “untouchable” despite ongoing regulatory pressures in the crypto sector and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg’s senior commodity strategist Mike McGlone.
During an…
https://cryptoinsight.ae/bitcoin-untouchable-amid-regulatory-pressures-says-analyst/
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Bitcoin is “untouchable,” because it’s more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone.
Bitcoin is “untouchable” despite ongoing regulatory pressures in the crypto sector and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg’s senior commodity strategist Mike McGlone.
During an…
https://cryptoinsight.ae/bitcoin-untouchable-amid-regulatory-pressures-says-analyst/
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Ethereum Archive Node service shuts down, saying it ‘succeeded’
ArchiveNode.io has closed its doors following three years of providing archived Ethereum blockchain node data.
Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success.
On April 4, ArchiveNode.io announced it was “sunsetting” its services after more than three years of providing free Ethereum mainnet…
https://cryptoinsight.ae/ethereum-archive-node-service-shuts-down-saying-it-succeeded/
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ArchiveNode.io has closed its doors following three years of providing archived Ethereum blockchain node data.
Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success.
On April 4, ArchiveNode.io announced it was “sunsetting” its services after more than three years of providing free Ethereum mainnet…
https://cryptoinsight.ae/ethereum-archive-node-service-shuts-down-saying-it-succeeded/
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Binance’s market share drops on CFTC suit and no-fee trading halt: Report
Binance’s market dominance fell largely due to its decision to end zero-fee trading for some trading pairs and not the CFTCs lawsuit, says Kaiko.
The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to…
https://cryptoinsight.ae/binances-market-share-drops-on-cftc-suit-and-no-fee-trading-halt-report/
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Binance’s market dominance fell largely due to its decision to end zero-fee trading for some trading pairs and not the CFTCs lawsuit, says Kaiko.
The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to…
https://cryptoinsight.ae/binances-market-share-drops-on-cftc-suit-and-no-fee-trading-halt-report/
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An ambitious project opens the doors to the metaverse in the heart of Dubai
The metaverse has the potential to boost business success when engaging with customers.
As the digital world continues to evolve, the concept of the metaverse has emerged as a promising new frontier for businesses looking to enhance communication and customer engagement. With its immersive and interactive nature, the metaverse offers unparalleled opportunities for companies to…
https://cryptoinsight.ae/an-ambitious-project-opens-the-doors-to-the-metaverse-in-the-heart-of-dubai/
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The metaverse has the potential to boost business success when engaging with customers.
As the digital world continues to evolve, the concept of the metaverse has emerged as a promising new frontier for businesses looking to enhance communication and customer engagement. With its immersive and interactive nature, the metaverse offers unparalleled opportunities for companies to…
https://cryptoinsight.ae/an-ambitious-project-opens-the-doors-to-the-metaverse-in-the-heart-of-dubai/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 3.0% change in the last 24 hours
Bitcoin ~ $28,577.01 (2.4%)
Ethereum ~ $1,914.01 (5.7%)
Solana ~ $21.31 (4.2%)
Polkadot ~ $6.55 (2.5%)
Flow ~ $1.01 (4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.25 Trillion, a 3.0% change in the last 24 hours
Bitcoin ~ $28,577.01 (2.4%)
Ethereum ~ $1,914.01 (5.7%)
Solana ~ $21.31 (4.2%)
Polkadot ~ $6.55 (2.5%)
Flow ~ $1.01 (4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Cash App creator dies following stabbing in San Francisco
Bob Lee, the creator of Cash App and the former technology chief at Square has died after he was stabbed by an unknown attacker.
Bob Lee, the former chief technology officer of Square and creator of Cash App has died following a stabbing in San Fransisco in the early hours of Tuesday, April 4 local…
https://cryptoinsight.ae/cash-app-creator-dies-following-stabbing-in-san-francisco/
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Bob Lee, the creator of Cash App and the former technology chief at Square has died after he was stabbed by an unknown attacker.
Bob Lee, the former chief technology officer of Square and creator of Cash App has died following a stabbing in San Fransisco in the early hours of Tuesday, April 4 local…
https://cryptoinsight.ae/cash-app-creator-dies-following-stabbing-in-san-francisco/
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LayerZero raises $120M to expand cross-chain messaging efforts
The new funds will be used to increase headcount and expand the cross-chain messaging protocol’s presence in the Asia-Pacific region.
Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an April 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific…
https://cryptoinsight.ae/layerzero-raises-120m-to-expand-cross-chain-messaging-efforts/
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The new funds will be used to increase headcount and expand the cross-chain messaging protocol’s presence in the Asia-Pacific region.
Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an April 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific…
https://cryptoinsight.ae/layerzero-raises-120m-to-expand-cross-chain-messaging-efforts/
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Multiple US state regulators allege AI trading DApp is a Ponzi scheme
The scheme allegedly claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could.
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai, alleging it is “perpetrating a Ponzi scheme.”
According to…
https://cryptoinsight.ae/multiple-us-state-regulators-allege-ai-trading-dapp-is-a-ponzi-scheme/
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The scheme allegedly claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could.
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai, alleging it is “perpetrating a Ponzi scheme.”
According to…
https://cryptoinsight.ae/multiple-us-state-regulators-allege-ai-trading-dapp-is-a-ponzi-scheme/
Website | Twitter | LinkedIn | Telegram
Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1
With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.
Bitcoin mining firm Marathon Digital has reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.
Marathon reported in an April 3 update that the 2,195…
https://cryptoinsight.ae/marathon-digital-posts-quarterly-record-of-2195-bitcoin-mined-in-q1/
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With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.
Bitcoin mining firm Marathon Digital has reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.
Marathon reported in an April 3 update that the 2,195…
https://cryptoinsight.ae/marathon-digital-posts-quarterly-record-of-2195-bitcoin-mined-in-q1/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $28,043.76 (-1.9%)
Ethereum ~ $1,888.88 (-1.3%)
Solana ~ $20.77 (-2.5%)
Polkadot ~ $6.37 (-2.7%)
Flow ~ $1.02 (1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $28,043.76 (-1.9%)
Ethereum ~ $1,888.88 (-1.3%)
Solana ~ $20.77 (-2.5%)
Polkadot ~ $6.37 (-2.7%)
Flow ~ $1.02 (1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its first attempt.
The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance.
On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement…
https://cryptoinsight.ae/arbitrum-poses-new-governance-proposals-after-community-furor/
Website | Twitter | LinkedIn | Telegram
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its first attempt.
The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance.
On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement…
https://cryptoinsight.ae/arbitrum-poses-new-governance-proposals-after-community-furor/
Website | Twitter | LinkedIn | Telegram
US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.
Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in the city, according to a local news…
https://cryptoinsight.ae/us-bitcoin-reaches-tentative-settlement-to-reopen-niagara-falls-mining-facility/
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After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.
Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in the city, according to a local news…
https://cryptoinsight.ae/us-bitcoin-reaches-tentative-settlement-to-reopen-niagara-falls-mining-facility/
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