Hello there!
Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -5.1% change in the last 24 hours
Bitcoin ~ $29,517.80 (-5.3%)
Ethereum ~ $1,756.47 (-6.1%)
Solana ~ $39.15 (-5.9%)
Polkadot ~ $9.10 (-6.3%)
Flow ~ $2.39 (-5.2%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.27 Trillion, a -5.1% change in the last 24 hours
Bitcoin ~ $29,517.80 (-5.3%)
Ethereum ~ $1,756.47 (-6.1%)
Solana ~ $39.15 (-5.9%)
Polkadot ~ $9.10 (-6.3%)
Flow ~ $2.39 (-5.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
5 reasons why Bitcoin is a better long-term investment than gold
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? — a study compiled by Jordan Finneseth of Cointelegraph.
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect…
https://cryptoinsight.ae/5-reasons-why-bitcoin-is-a-better-long-term-investment-than-gold/
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Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? — a study compiled by Jordan Finneseth of Cointelegraph.
The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect…
https://cryptoinsight.ae/5-reasons-why-bitcoin-is-a-better-long-term-investment-than-gold/
Website | Twitter | LinkedIn | Telegram
Pallapay offers crypto POS machines to accept crypto payments in the UAE
Pallapay, a global company that offers crypto exchange services, announced the launch of its Crypto POS Machine service in Dubai, which allows its clients to accept crypto payments without owning crypto. Pallapay’s clients now can accept payments in Bitcoin, Tether, USDC, Tron, and Palla Token directly into their fiat bank accounts in AED, USD, Euro,…
https://cryptoinsight.ae/pallapay-offers-crypto-pos-machines-to-accept-crypto-payments-in-the-uae/
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Pallapay, a global company that offers crypto exchange services, announced the launch of its Crypto POS Machine service in Dubai, which allows its clients to accept crypto payments without owning crypto. Pallapay’s clients now can accept payments in Bitcoin, Tether, USDC, Tron, and Palla Token directly into their fiat bank accounts in AED, USD, Euro,…
https://cryptoinsight.ae/pallapay-offers-crypto-pos-machines-to-accept-crypto-payments-in-the-uae/
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Institutional investors keep ‘buying the dip’ totaling $126 million in Bitcoin inflows
According to Coinshares, about $506 million has been invested in exchange-traded Bitcoin funds since the start of the year, with $126 million of it flowing into ETPs last week. Contrary, Ethereum-based funds saw outflows for a ninth straight week.
Bitcoin investment products saw cumulative inflows totaling $126 million over the last week, according to the…
https://cryptoinsight.ae/institutional-investors-keep-buying-the-dip-totaling-126-million-in-bitcoin-inflows/
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According to Coinshares, about $506 million has been invested in exchange-traded Bitcoin funds since the start of the year, with $126 million of it flowing into ETPs last week. Contrary, Ethereum-based funds saw outflows for a ninth straight week.
Bitcoin investment products saw cumulative inflows totaling $126 million over the last week, according to the…
https://cryptoinsight.ae/institutional-investors-keep-buying-the-dip-totaling-126-million-in-bitcoin-inflows/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $30,545.56 (3.3%)
Ethereum ~ $1,811.81 (2.9%)
Solana ~ $39.39 (0.3%)
Polkadot ~ $9.17 (0.6%)
Flow ~ $2.42 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 2.8% change in the last 24 hours
Bitcoin ~ $30,545.56 (3.3%)
Ethereum ~ $1,811.81 (2.9%)
Solana ~ $39.39 (0.3%)
Polkadot ~ $9.17 (0.6%)
Flow ~ $2.42 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
9 crypto firms enter Forbes Fintech 50
A record 9 crypto companies made it onto the Forbes Fintech 50 list – the most innovative private companies in fintech. Collectively, they have raised $6.5 billion in venture capital, with the lion’s share within the past 12 months.
FTX
Locale: Nassau, Bahamas
Valuation: $32 billion
One of the largest crypto trading exchanges in the…
https://cryptoinsight.ae/9-crypto-firms-enter-forbes-fintech-50/
Website | Twitter | LinkedIn | Telegram
A record 9 crypto companies made it onto the Forbes Fintech 50 list – the most innovative private companies in fintech. Collectively, they have raised $6.5 billion in venture capital, with the lion’s share within the past 12 months.
FTX
Locale: Nassau, Bahamas
Valuation: $32 billion
One of the largest crypto trading exchanges in the…
https://cryptoinsight.ae/9-crypto-firms-enter-forbes-fintech-50/
Website | Twitter | LinkedIn | Telegram
SEC launches investigation against Binance’s BNB token
The US Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security during its sale in 2017. In recent months, Binance has faced scrutiny from a variety of US regulators.
As Bloomberg reported on Monday, the SEC has launched a probe into the BNB token. The US securities regulator is…
https://cryptoinsight.ae/sec-launches-investigation-against-binances-bnb-token/
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The US Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security during its sale in 2017. In recent months, Binance has faced scrutiny from a variety of US regulators.
As Bloomberg reported on Monday, the SEC has launched a probe into the BNB token. The US securities regulator is…
https://cryptoinsight.ae/sec-launches-investigation-against-binances-bnb-token/
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$100 million Cronos Accelerator Program to help Crypto.com ecosystem developing
Cronos, the DeFi and Web3 gaming-focused blockchain network by Crypto.com, has launched the Cronos Accelerator Program aiming to help developers and builders accelerate the ecosystem’s growth. The Cronos Accelerator Program is funded by the $100 million Cronos Labs Ecosystem Fund to provide investments and guidance to early-stage blockchain projects.
The Cronos Accelerator Program is funded…
https://cryptoinsight.ae/100-million-cronos-accelerator-program-to-help-crypto-com-ecosystem-developing/
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Cronos, the DeFi and Web3 gaming-focused blockchain network by Crypto.com, has launched the Cronos Accelerator Program aiming to help developers and builders accelerate the ecosystem’s growth. The Cronos Accelerator Program is funded by the $100 million Cronos Labs Ecosystem Fund to provide investments and guidance to early-stage blockchain projects.
The Cronos Accelerator Program is funded…
https://cryptoinsight.ae/100-million-cronos-accelerator-program-to-help-crypto-com-ecosystem-developing/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $30,336.08 (0.0%)
Ethereum ~ $1,802.40 (0.4%)
Solana ~ $39.15 (0.2%)
Polkadot ~ $9.10 (0.4%)
Flow ~ $2.41 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $30,336.08 (0.0%)
Ethereum ~ $1,802.40 (0.4%)
Solana ~ $39.15 (0.2%)
Polkadot ~ $9.10 (0.4%)
Flow ~ $2.41 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Can crypto bots be entrusted with your money?
Many newbie crypto buyers are looking for a trading bot to help navigate volatile markets. Can these software programs be entrusted with your money? — studied Justin Varghese, Your Money Editor on Gulf News.
Bots are nothing but automated computer programs designed to run specific tasks with minimal human intervention or interaction. But how safe…
https://cryptoinsight.ae/can-crypto-bots-be-entrusted-with-your-money/
Website | Twitter | LinkedIn | Telegram
Many newbie crypto buyers are looking for a trading bot to help navigate volatile markets. Can these software programs be entrusted with your money? — studied Justin Varghese, Your Money Editor on Gulf News.
Bots are nothing but automated computer programs designed to run specific tasks with minimal human intervention or interaction. But how safe…
https://cryptoinsight.ae/can-crypto-bots-be-entrusted-with-your-money/
Website | Twitter | LinkedIn | Telegram
Investors lost over $1 billion in crypto scams last year, FTC says
In a report released Friday, the Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that the investors had lost over $1 billion in crypto-related scams, which have been growing due to a lack of regulations and proper education on digital assets. Bitcoin, Tether, and Ether become the top cryptos involved in…
https://cryptoinsight.ae/investors-lost-over-1-billion-in-crypto-scams-last-year-ftc-says/
Website | Twitter | LinkedIn | Telegram
In a report released Friday, the Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that the investors had lost over $1 billion in crypto-related scams, which have been growing due to a lack of regulations and proper education on digital assets. Bitcoin, Tether, and Ether become the top cryptos involved in…
https://cryptoinsight.ae/investors-lost-over-1-billion-in-crypto-scams-last-year-ftc-says/
Website | Twitter | LinkedIn | Telegram
Dubai-based Binghatti Developers to sell real estate for crypto
Dubai-based Binghatti company Developers announced selling real estate for cryptocurrency, becoming the second developer in the UAE to accept digital payments this year. The company plans to protect its customers from market volatility through an especial payment process.
Eng. Muhammad Binghatti, CEO of Binghatti Developers, told Khaleej Times in an interview:
“We are going to…
https://cryptoinsight.ae/dubai-based-binghatti-developers-to-sell-real-estate-for-crypto/
Website | Twitter | LinkedIn | Telegram
Dubai-based Binghatti company Developers announced selling real estate for cryptocurrency, becoming the second developer in the UAE to accept digital payments this year. The company plans to protect its customers from market volatility through an especial payment process.
Eng. Muhammad Binghatti, CEO of Binghatti Developers, told Khaleej Times in an interview:
“We are going to…
https://cryptoinsight.ae/dubai-based-binghatti-developers-to-sell-real-estate-for-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $30,165.65 (-0.6%)
Ethereum ~ $1,797.94 (-0.3%)
Solana ~ $40.67 (3.8%)
Polkadot ~ $9.32 (2.3%)
Flow ~ $2.41 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $30,165.65 (-0.6%)
Ethereum ~ $1,797.94 (-0.3%)
Solana ~ $40.67 (3.8%)
Polkadot ~ $9.32 (2.3%)
Flow ~ $2.41 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $29,323.26 (-2.5%)
Ethereum ~ $1,674.02 (-6.5%)
Solana ~ $37.71 (-6.0%)
Polkadot ~ $8.78 (-5.1%)
Flow ~ $2.34 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.3 Trillion, a -0.0% change in the last 24 hours
Bitcoin ~ $29,323.26 (-2.5%)
Ethereum ~ $1,674.02 (-6.5%)
Solana ~ $37.71 (-6.0%)
Polkadot ~ $8.78 (-5.1%)
Flow ~ $2.34 (-3.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Saudi Ministry of Tourism to give away NFTs to each UNWTO delegate
The Ministry of Tourism in Saudi Arabia plans to give personalized NFTs to each delegate at the 116th Executive Council of the United Nations World Tourism Organization (UNWTO) in Jeddah, Aljoharah Al-Mogbel, Digital Transformation General Manager at the Ministry of Tourism, announced.
As she told Arab News, each delegate would receive a gift box containing…
https://cryptoinsight.ae/saudi-ministry-of-tourism-to-give-away-nfts-to-each-unwto-delegate/
Website | Twitter | LinkedIn | Telegram
The Ministry of Tourism in Saudi Arabia plans to give personalized NFTs to each delegate at the 116th Executive Council of the United Nations World Tourism Organization (UNWTO) in Jeddah, Aljoharah Al-Mogbel, Digital Transformation General Manager at the Ministry of Tourism, announced.
As she told Arab News, each delegate would receive a gift box containing…
https://cryptoinsight.ae/saudi-ministry-of-tourism-to-give-away-nfts-to-each-unwto-delegate/
Website | Twitter | LinkedIn | Telegram
PayPal allows users to transfer crypto to external wallets
On June 7, PayPal announced that crypto users can now move funds off its platform to external wallets and hardware devices, a long-awaited feature that will make the company’s offering more like other popular cryptocurrency services.
“Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges,” the payment platform…
https://cryptoinsight.ae/paypal-allows-users-to-transfer-crypto-to-external-wallets/
Website | Twitter | LinkedIn | Telegram
On June 7, PayPal announced that crypto users can now move funds off its platform to external wallets and hardware devices, a long-awaited feature that will make the company’s offering more like other popular cryptocurrency services.
“Starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges,” the payment platform…
https://cryptoinsight.ae/paypal-allows-users-to-transfer-crypto-to-external-wallets/
Website | Twitter | LinkedIn | Telegram
Bitcoin tumbles as inflation hits 40-year high of 8.6%
Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years.
Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…
https://cryptoinsight.ae/bitcoin-tumbles-as-inflation-hits-40-year-high-of-8-6/
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Bitcoin’s price sank following the latest US Consumer Price Index (CPI) release, which showed that the index had unexpectedly hit 8.6%, reaching its highest level in 40 years.
Despite economists’ expectation that the CPI figure to remain flat at 8.3%, the same as April, the Labor Department’s announcement on June 10 defied that inflation is…
https://cryptoinsight.ae/bitcoin-tumbles-as-inflation-hits-40-year-high-of-8-6/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -8.8% change in the last 24 hours
Bitcoin ~ $27,355.27 (-6.5%)
Ethereum ~ $1,437.76 (-13.9%)
Solana ~ $31.90 (-14.4%)
Polkadot ~ $7.58 (-13.1%)
Flow ~ $1.85 (-19.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a -8.8% change in the last 24 hours
Bitcoin ~ $27,355.27 (-6.5%)
Ethereum ~ $1,437.76 (-13.9%)
Solana ~ $31.90 (-14.4%)
Polkadot ~ $7.58 (-13.1%)
Flow ~ $1.85 (-19.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto economy’s value plunges to $1.2 trillion – lower than last July’s lows
The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost from 50% to 80% against their all-time highs.
During the last seven days, the…
https://cryptoinsight.ae/crypto-economys-value-plunges-to-1-2-trillion-lower-than-last-julys-lows/
Website | Twitter | LinkedIn | Telegram
The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost from 50% to 80% against their all-time highs.
During the last seven days, the…
https://cryptoinsight.ae/crypto-economys-value-plunges-to-1-2-trillion-lower-than-last-julys-lows/
Website | Twitter | LinkedIn | Telegram
85% of merchants give high priority to enabling crypto payments – Deloitte survey
According to a survey conducted by Deloitte, over 85% of merchants are giving high or very high priority to enabling cryptocurrency payments. Furthermore, nearly three-quarters of those surveyed reported plans to accept cryptocurrency or stablecoin payments within the next 24 months.
Deloitte, one of the Big Four major financial services firms, published on June 8…
https://cryptoinsight.ae/85-of-merchants-give-high-priority-to-enabling-crypto-payments-deloitte-survey/
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According to a survey conducted by Deloitte, over 85% of merchants are giving high or very high priority to enabling cryptocurrency payments. Furthermore, nearly three-quarters of those surveyed reported plans to accept cryptocurrency or stablecoin payments within the next 24 months.
Deloitte, one of the Big Four major financial services firms, published on June 8…
https://cryptoinsight.ae/85-of-merchants-give-high-priority-to-enabling-crypto-payments-deloitte-survey/
Website | Twitter | LinkedIn | Telegram