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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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
Website | Twitter | LinkedIn | Telegram
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
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
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/
Website | Twitter | LinkedIn | Telegram
OpenAI needs a DAO to manage ChatGPT
A decentralized autonomous organization could help solve concerns over issues including ChatGPT’s political biases and its potential for abuse.
ChatGPT, a large language model that can converse with users, is one of OpenAI’s ground-breaking models. Although there are numerous advantages to this technology, some worry that it needs to be regulated in a way that…
https://cryptoinsight.ae/openai-needs-a-dao-to-manage-chatgpt/
Website | Twitter | LinkedIn | Telegram
A decentralized autonomous organization could help solve concerns over issues including ChatGPT’s political biases and its potential for abuse.
ChatGPT, a large language model that can converse with users, is one of OpenAI’s ground-breaking models. Although there are numerous advantages to this technology, some worry that it needs to be regulated in a way that…
https://cryptoinsight.ae/openai-needs-a-dao-to-manage-chatgpt/
Website | Twitter | LinkedIn | Telegram
Debunking the myth: Cryptocurrency is used for criminal activity
The transparency of blockchain technology and the active involvement of crypto exchanges help law enforcement agencies combat criminal activity.
Cryptocurrency is often associated with criminal activity, but this is mostly a myth, especially today. Bitcoin and other cryptocurrencies don’t provide complete anonymity due to the Know-Your-Customer (KYC) policies implemented by most crypto exchanges. Even without…
https://cryptoinsight.ae/debunking-the-myth-cryptocurrency-is-used-for-criminal-activity/
Website | Twitter | LinkedIn | Telegram
The transparency of blockchain technology and the active involvement of crypto exchanges help law enforcement agencies combat criminal activity.
Cryptocurrency is often associated with criminal activity, but this is mostly a myth, especially today. Bitcoin and other cryptocurrencies don’t provide complete anonymity due to the Know-Your-Customer (KYC) policies implemented by most crypto exchanges. Even without…
https://cryptoinsight.ae/debunking-the-myth-cryptocurrency-is-used-for-criminal-activity/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,983.98 (-0.2%)
Ethereum ~ $1,869.49 (-1.0%)
Solana ~ $20.42 (-1.7%)
Polkadot ~ $6.20 (-2.8%)
Flow ~ $1.00 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.23 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $27,983.98 (-0.2%)
Ethereum ~ $1,869.49 (-1.0%)
Solana ~ $20.42 (-1.7%)
Polkadot ~ $6.20 (-2.8%)
Flow ~ $1.00 (-2.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum ‘re-staking’ protocol EigenLayer launches on testnet
The re-staking collective aims to address Ethereum validator economic incentives.
A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.
The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard…
https://cryptoinsight.ae/ethereum-re-staking-protocol-eigenlayer-launches-on-testnet/
Website | Twitter | LinkedIn | Telegram
The re-staking collective aims to address Ethereum validator economic incentives.
A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet.
The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard…
https://cryptoinsight.ae/ethereum-re-staking-protocol-eigenlayer-launches-on-testnet/
Website | Twitter | LinkedIn | Telegram