Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.71 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $36,091.06 (2.3%)
Ethereum ~ $2,393.85 (-2.2%)
Solana ~ $88.95 (0.1%)
Polkadot ~ $17.67 (0.4%)
Flow ~ $4.65 (-5.2%)

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Google Pay plans to become a crypto wallet

The crypto market seems to have gotten attention from Google, and the company intends to offer wallets for cryptocurrencies. To this end, Google will partner with Coinbase and BitPay to “store crypto assets in digital cards.” The final goal will be to make Google Pay a comprehensive digital wallet.

Google has hired former PayPal executive…

https://cryptoinsight.ae/google-pay-plans-to-become-a-crypto-wallet/

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Robinhood starts testing its crypto wallet

Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users from the waitlist are allowed to send and receive their cryptocurrencies from Robinhood to external crypto wallets. By March, 10,000 customers will be testing the wallets before a broader rollout in 2022.

Robinhood Markets Inc. is rolling out the beta version of…

https://cryptoinsight.ae/robinhood-starts-testing-its-crypto-wallet/

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Fantom beats BSC, becoming the third-largest DeFi protocol

Fantom (FTM) surpassed Binance Smart Chain (BSC) over the weekend to become the third-largest decentralized finance (DeFi) ecosystem by total value locked (TVL), as the value locked on DeFi-focused projects built on Fantom surged 52% in the past week. Ethereum remains the top DeFi protocol by value locked.

On Monday, more than $12.2 billion worth…

https://cryptoinsight.ae/fantom-beats-bsc-becoming-the-third-largest-defi-protocol/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.78 Trillion, a 4.3% change in the last 24 hours

Bitcoin ~ $37,744.53 (4.7%)
Ethereum ~ $2,484.82 (4.0%)
Solana ~ $95.72 (6.8%)
Polkadot ~ $18.89 (7.3%)
Flow ~ $5.14 (11.4%)

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Bitcoin Black Friday: Why it happened, and what comes next

On Friday, a sudden price crash followed by several days of steady losses has pushed bitcoin to its lowest level in six months, down more than 50% from the all-time high it experienced in November. Analysts told The Independent what caused the slump and why Bitcoin’s recovery may be a ‘long shot’.

Typically for the…

https://cryptoinsight.ae/bitcoin-black-friday-why-it-happened-and-what-comes-next/

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What Nassim Taleb gets wrong and right about Bitcoin

Crypto may not have an economic anchor, but art, diamonds, gold and many other things have value only because other people value them, not from any direct economic use, writes Aaron Brown on Bloomberg.

Bitcoin has fallen 50% since November. This is not unusual for the cryptocurrency; it did the same thing from April to…

https://cryptoinsight.ae/what-nassim-taleb-gets-wrong-and-right-about-bitcoin/

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Lamborghini to launch a limited NFT collection linked to space

Luxury automobile manufacturer Lamborghini is launching an NFT collection that’s out of this world. The initiative is a set of digital space keys. Five digital artwork NFTs have been made by a yet-to-be-disclosed artist.

The Italian marque Lamborghini is renowned for its supercars such as the Huracán and Aventador. Still, now it wants to expand…

https://cryptoinsight.ae/lamborghini-to-launch-a-limited-nft-collection-linked-to-space/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.71 Trillion, a -4.5% change in the last 24 hours

Bitcoin ~ $35,988.63 (-4.7%)
Ethereum ~ $2,387.54 (-4.0%)
Solana ~ $88.12 (-7.9%)
Polkadot ~ $17.47 (-7.5%)
Flow ~ $4.86 (-5.4%)

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IMF urges El Salvador shouldn’t use Bitcoin, citing ‘large risks’

The International Monetary Fund (IMF) urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, citing it as a significant obstacle for the nation’s efforts to get a loan from the institution. This follows El Salvador asking the IMF for a $1.3 billion loan last year, but the…

https://cryptoinsight.ae/imf-urges-el-salvador-shouldnt-use-bitcoin-citing-large-risks/

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Bank of America: Stablecoin adoption and the digital dollar are inevitable

Bank of America analysts said in a report that a central bank digital currency (CBDC) would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Analysts suggest that the United States is moving toward creating its own CBDC.

According to a Bloomberg report, Bank…

https://cryptoinsight.ae/bank-of-america-stablecoin-adoption-and-the-digital-dollar-are-inevitable/

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FTX US rises $400 million in Series A round and is valued at $8 billion

Cryptocurrency exchange FTX US has raised $400 million in its first funding round from investors, including Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings, reaching the market value at $8 billion.

The investment gives FTX US a valuation of $8 billion, placing it among the world’s most valuable private crypto firms. Investors in the round…

https://cryptoinsight.ae/ftx-us-rises-400-million-in-series-a-round-and-is-valued-at-8-billion/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.77 Trillion, a 3.2% change in the last 24 hours

Bitcoin ~ $37,381.79 (4.1%)
Ethereum ~ $2,457.73 (2.8%)
Solana ~ $93.48 (6.2%)
Polkadot ~ $18.40 (5.2%)
Flow ~ $5.32 (9.3%)

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.79 Trillion, a 3.1% change in the last 24 hours

Bitcoin ~ $37,769.41 (1.5%)
Ethereum ~ $2,554.56 (4.5%)
Solana ~ $92.26 (-0.1%)
Polkadot ~ $18.50 (0.8%)
Flow ~ $6.04 (14.1%)

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6 reasons for optimism this crypto winter

Why this downturn is different from 2018. Michael J. Casey, CoinDesk’s Chief Content Officer, shared his opinion in Money Reimagined, a weekly look at the technological, economic, and social events and trends that are redefining our relationship with money and transforming the global financial system.

When token markets plunged in 2018 following the initial coin…

https://cryptoinsight.ae/6-reasons-for-optimism-this-crypto-winter/

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OpenSea working on Solana and Phantom wallet integration

OpenSea, the leading NFT marketplace, is reportedly preparing to feature NFTs on the Solana (SOL) blockchain soon. With NFTs hosting over $17.5 billion cumulatively, the addition of Solana-based NFTs to Opensea might explode it furthermore.

Screenshots shared by Jane Manchun Wong, a prolific hacker who has leaked several yet-to-launch features of tech platforms, indicate this,…

https://cryptoinsight.ae/opensea-working-on-solana-and-phantom-wallet-integration/

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Meta reportedly looks to sell off its Diem crypto project

According to anonymous sources, Meta (ex-Facebook) appears to be looking to pull the pin on its Diem/Novi crypto project, with company representatives searching for a buyer for its intellectual property. After three years of development and a raft of changes to its name, scope, leadership, and purpose, it seems like Meta’s trouble stablecoin project may…

https://cryptoinsight.ae/meta-reportedly-looks-to-sell-off-its-diem-crypto-project/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $1.81 Trillion, a 1.7% change in the last 24 hours

Bitcoin ~ $38,090.30 (0.5%)
Ethereum ~ $2,588.76 (1.4%)
Solana ~ $95.06 (2.7%)
Polkadot ~ $18.71 (1.1%)
Flow ~ $7.09 (16.8%)

Follow and subscribe - @GulfCryptoInsight

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