Jack Dorsey’s Block is developing an open-source Bitcoin mining system
Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized.
Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…
http://cryptoinsight.ae/jack-dorseys-block-is-developing-an-open-source-bitcoin-mining-system/
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Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized.
Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…
http://cryptoinsight.ae/jack-dorseys-block-is-developing-an-open-source-bitcoin-mining-system/
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Pakistan’s central bank reportedly plans to ban crypto
Pakistani government and its central bank have recommended banning cryptocurrency, arguing in a document submitted in a provincial court that allowing it would cause capital flight. Reuters reported that an official report recommends declaring all cryptocurrencies illegal, citing local media.
The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks…
http://cryptoinsight.ae/pakistans-central-bank-reportedly-plans-to-ban-crypto/
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Pakistani government and its central bank have recommended banning cryptocurrency, arguing in a document submitted in a provincial court that allowing it would cause capital flight. Reuters reported that an official report recommends declaring all cryptocurrencies illegal, citing local media.
The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks…
http://cryptoinsight.ae/pakistans-central-bank-reportedly-plans-to-ban-crypto/
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Crypto Trends Weekly Jan. 8 – 14
Breaking crypto news from the last week (Jan. 8 – 14, 2022):
Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…
http://cryptoinsight.ae/crypto-trends-weekly-jan-8-14/
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Breaking crypto news from the last week (Jan. 8 – 14, 2022):
Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…
http://cryptoinsight.ae/crypto-trends-weekly-jan-8-14/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $42,278.67(-0.9%)
Ethereum ~ $3,194.70 (-2.4%)
Solana ~ $140.24 (-2.0%)
Polkadot ~ $25.43 (-4.7%)
Flow ~ $7.31 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.13 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $42,278.67(-0.9%)
Ethereum ~ $3,194.70 (-2.4%)
Solana ~ $140.24 (-2.0%)
Polkadot ~ $25.43 (-4.7%)
Flow ~ $7.31 (-3.0%)
Follow and subscribe - @GulfCryptoInsight
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The dominance of Bitcoin in crypto payments is declining
BitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…
http://cryptoinsight.ae/the-dominance-of-bitcoin-in-crypto-payments-is-declining/
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BitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…
http://cryptoinsight.ae/the-dominance-of-bitcoin-in-crypto-payments-is-declining/
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Indonesian student makes $1 million selling NFT selfies on OpenSea
Sultan Gustaf Al Ghozali, a 22-year-old Indonesian student, has joined the NFT frenzy, becoming a millionaire as a result. He listed selfies of himself as an NFT for five years on OpenSea, the largest NFT marketplace, and sold them for $1,107,225 in total.
Al Ghozali is a college student studying Computer Science and based in…
http://cryptoinsight.ae/indonesian-student-makes-1-million-selling-nft-selfies-on-opensea/
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Sultan Gustaf Al Ghozali, a 22-year-old Indonesian student, has joined the NFT frenzy, becoming a millionaire as a result. He listed selfies of himself as an NFT for five years on OpenSea, the largest NFT marketplace, and sold them for $1,107,225 in total.
Al Ghozali is a college student studying Computer Science and based in…
http://cryptoinsight.ae/indonesian-student-makes-1-million-selling-nft-selfies-on-opensea/
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Walmart is preparing to join the metaverse with its own cryptocurrency and NFTs
American retail chain Walmart is preparing to enter the metaverse by creating its own NFT collections and cryptocurrency. This information is based on several trademarks filed by the retail giant with the United States Patent and Trademark Office.
In late December, the retail chain filed several trademark applications with the United States Patent and Trademark…
https://cryptoinsight.ae/walmart-is-preparing-to-join-the-metaverse-with-its-own-cryptocurrency-and-nfts/
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American retail chain Walmart is preparing to enter the metaverse by creating its own NFT collections and cryptocurrency. This information is based on several trademarks filed by the retail giant with the United States Patent and Trademark Office.
In late December, the retail chain filed several trademark applications with the United States Patent and Trademark…
https://cryptoinsight.ae/walmart-is-preparing-to-join-the-metaverse-with-its-own-cryptocurrency-and-nfts/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.12 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $42,426.25 (0.4%)
Ethereum ~ $3,168.55 (-1.8%)
Solana ~ $141.65 (0.4%)
Polkadot ~ $25.18 (-2.3%)
Flow ~ $6.99 (-5.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.12 Trillion, a -1.2% change in the last 24 hours
Bitcoin ~ $42,426.25 (0.4%)
Ethereum ~ $3,168.55 (-1.8%)
Solana ~ $141.65 (0.4%)
Polkadot ~ $25.18 (-2.3%)
Flow ~ $6.99 (-5.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
NFT-2022: What to expect from a brand-new industry? Part 2
NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…
http://cryptoinsight.ae/nft-2022-what-to-expect-from-a-brand-new-industry-part-2/
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NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…
http://cryptoinsight.ae/nft-2022-what-to-expect-from-a-brand-new-industry-part-2/
Website | Twitter | LinkedIn | Telegram
Spain moves to regulate influencers promoting crypto
The first country in the EU, Spain, is trying to control the way cryptocurrencies are marketed, with new restrictions on influencers’ promotions. According to the new rules published Monday, posts promoting crypto-assets must now include the appropriate disclaimer. Fines for non-compliance could reach €300,000. The new rules will come into force in February.
The fast…
http://cryptoinsight.ae/spain-moves-to-regulate-influencers-promoting-crypto/
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The first country in the EU, Spain, is trying to control the way cryptocurrencies are marketed, with new restrictions on influencers’ promotions. According to the new rules published Monday, posts promoting crypto-assets must now include the appropriate disclaimer. Fines for non-compliance could reach €300,000. The new rules will come into force in February.
The fast…
http://cryptoinsight.ae/spain-moves-to-regulate-influencers-promoting-crypto/
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Crypto City: Guide to Dubai
This “Crypto City” guide of Cointelegraph looks at Dubai’s crypto culture, its most notable projects, and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses.
Fast facts:
City: Dubai
Country: United Arab Emirates
Population: 4 million
Established: 1833
Languages: Arabic (official), English (most common), Hindi is also widespread…
https://cryptoinsight.ae/crypto-city-guide-to-dubai/
Website | Twitter | LinkedIn | Telegram
This “Crypto City” guide of Cointelegraph looks at Dubai’s crypto culture, its most notable projects, and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses.
Fast facts:
City: Dubai
Country: United Arab Emirates
Population: 4 million
Established: 1833
Languages: Arabic (official), English (most common), Hindi is also widespread…
https://cryptoinsight.ae/crypto-city-guide-to-dubai/
Website | Twitter | LinkedIn | Telegram
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SubQuery’s mission is to make decentralised data more accessible.
Subquery transform and organise data from Polkadot and Substrate projects, and then provide that data for developers to use for a wide array of projects (wallets, explorers, custom chains, or any other dApp).
2022 year is very promising for SubqueryNetwork
- Data service for 200+ Polkadot and Substrate Projects
- Public Testnet
- SubQuery Token generation on Acala
- Mainnet Launch
- Inclusive community growth
- Listing on Centralised Exchanges
- SubQuery Foundation launch
- Connection to other ecosystems
Subquery transform and organise data from Polkadot and Substrate projects, and then provide that data for developers to use for a wide array of projects (wallets, explorers, custom chains, or any other dApp).
2022 year is very promising for SubqueryNetwork
- Data service for 200+ Polkadot and Substrate Projects
- Public Testnet
- SubQuery Token generation on Acala
- Mainnet Launch
- Inclusive community growth
- Listing on Centralised Exchanges
- SubQuery Foundation launch
- Connection to other ecosystems
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.08 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $41,750.93 (-1.7%)
Ethereum ~ $3,101.06 (-2.1%)
Solana ~ $135.07 (-4.5%)
Polkadot ~ $24.12 (-4.2%)
Flow ~ $7.00 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.08 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $41,750.93 (-1.7%)
Ethereum ~ $3,101.06 (-2.1%)
Solana ~ $135.07 (-4.5%)
Polkadot ~ $24.12 (-4.2%)
Flow ~ $7.00 (0.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
How do traders capitalize on crypto market crashes and liquidations
Everyone’s a genius trader during bull markets, but there are also ways to generate profits during bear trends. How to capitalize on liquidations, writes Elaine Hu on Cointelegraph.
The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800…
http://cryptoinsight.ae/how-do-traders-capitalize-on-crypto-market-crashes-and-liquidations/
Website | Twitter | LinkedIn | Telegram
Everyone’s a genius trader during bull markets, but there are also ways to generate profits during bear trends. How to capitalize on liquidations, writes Elaine Hu on Cointelegraph.
The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800…
http://cryptoinsight.ae/how-do-traders-capitalize-on-crypto-market-crashes-and-liquidations/
Website | Twitter | LinkedIn | Telegram
Bahrain’s crypto platform Rain raises $110 million in the latest funding round
Based in Bahrain, crypto exchange platform Rain has raised $110 million in a Series B funding round, led by global venture capital investors, including Kleiner Perkins, Coinbase Ventures, and Paradigm.
According to the statement issued by Rain, other investors participated in its latest funding round, including Global Founders Capital, MEVP, Cadenza Ventures, and CMT Digital.…
http://cryptoinsight.ae/bahrains-crypto-platform-rain-raises-110-million-in-the-latest-funding-round/
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Based in Bahrain, crypto exchange platform Rain has raised $110 million in a Series B funding round, led by global venture capital investors, including Kleiner Perkins, Coinbase Ventures, and Paradigm.
According to the statement issued by Rain, other investors participated in its latest funding round, including Global Founders Capital, MEVP, Cadenza Ventures, and CMT Digital.…
http://cryptoinsight.ae/bahrains-crypto-platform-rain-raises-110-million-in-the-latest-funding-round/
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Arab Bank Switzerland is offering clients access to DeFi tokens
Arab Bank Switzerland, the Geneva-based affiliate of Middle Eastern lender Arab Bank PLC, has extended its crypto offerings focused on wealthy investors. It includes ten major decentralized finance (DeFi) tokens, such as AAVE, COMP, UNI, and more.
Arab Bank Switzerland began offering crypto custody and brokerage of Bitcoin and Ether back in 2019. Recently, CoinDesk…
https://cryptoinsight.ae/arab-bank-switzerland-is-offering-clients-access-to-defi-tokens/
Website | Twitter | LinkedIn | Telegram
Arab Bank Switzerland, the Geneva-based affiliate of Middle Eastern lender Arab Bank PLC, has extended its crypto offerings focused on wealthy investors. It includes ten major decentralized finance (DeFi) tokens, such as AAVE, COMP, UNI, and more.
Arab Bank Switzerland began offering crypto custody and brokerage of Bitcoin and Ether back in 2019. Recently, CoinDesk…
https://cryptoinsight.ae/arab-bank-switzerland-is-offering-clients-access-to-defi-tokens/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.02 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $40,767.79 (-2.4%)
Ethereum ~ $2,994.40 (-3.4%)
Solana ~ $125.34 (-7.2%)
Polkadot ~ $23.09 (-4.3%)
Flow ~ $6.58 (-5.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.02 Trillion, a -3.1% change in the last 24 hours
Bitcoin ~ $40,767.79 (-2.4%)
Ethereum ~ $2,994.40 (-3.4%)
Solana ~ $125.34 (-7.2%)
Polkadot ~ $23.09 (-4.3%)
Flow ~ $6.58 (-5.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.78 Trillion, a -7.7% change in the last 24 hours
Bitcoin ~ $36,341.17 (-6.7%)
Ethereum ~ $2,568.18 (-10.6%)
Solana ~ $109.88 (-12.8%)
Polkadot ~ $19.21 (-14.1%)
Flow ~ $5.68 (-10.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.78 Trillion, a -7.7% change in the last 24 hours
Bitcoin ~ $36,341.17 (-6.7%)
Ethereum ~ $2,568.18 (-10.6%)
Solana ~ $109.88 (-12.8%)
Polkadot ~ $19.21 (-14.1%)
Flow ~ $5.68 (-10.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Visa survey: 25% of small businesses plan to accept crypto payments in 2022
According to a survey of the payment giant Visa, almost 25% of small business owners across 9 countries, including Brazil, Singapore, UAE, and Hong Kong, said they intend to embrace digital currencies as a form of payment in 2022. Also, 13% of consumers in these countries predicted retail stores will begin allowing crypto settlements in…
http://cryptoinsight.ae/visa-survey-25-of-small-businesses-plan-to-accept-crypto-payments-in-2022/
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According to a survey of the payment giant Visa, almost 25% of small business owners across 9 countries, including Brazil, Singapore, UAE, and Hong Kong, said they intend to embrace digital currencies as a form of payment in 2022. Also, 13% of consumers in these countries predicted retail stores will begin allowing crypto settlements in…
http://cryptoinsight.ae/visa-survey-25-of-small-businesses-plan-to-accept-crypto-payments-in-2022/
Website | Twitter | LinkedIn | Telegram
Friday’s crash wipes out over $1 trillion off the crypto market
Bitcoin lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in 6 months. After the Federal Reserve signals its intention to withdraw stimulus from the market, riskier assets like cryptocurrencies have suffered.
Since its peak in November, the largest digital asset has lost 40% of its value. Other cryptocurrencies have…
http://cryptoinsight.ae/fridays-crash-wipes-out-over-1-trillion-off-the-crypto-market/
Website | Twitter | LinkedIn | Telegram
Bitcoin lost as much as 8.7% Friday and dropped below $38,000 to its lowest level in 6 months. After the Federal Reserve signals its intention to withdraw stimulus from the market, riskier assets like cryptocurrencies have suffered.
Since its peak in November, the largest digital asset has lost 40% of its value. Other cryptocurrencies have…
http://cryptoinsight.ae/fridays-crash-wipes-out-over-1-trillion-off-the-crypto-market/
Website | Twitter | LinkedIn | Telegram