Author: Crypto Insider

Crypto exchange KuCoin released its ‘Into The Cryptoverse’ report exploring the penetration and adoption of digital currencies in Saudi Arabia. Among others, the survey revealed that about 14% of adult Saudis become crypto investors, while another 17% are likely to invest in crypto over the next six months. Conducted by KuCoin as of May 2022,…

Breaking crypto news from the last week (July 9 – 15, 2022): July 9: The UAE has signed a memorandum of understanding with blockchain intelligence firm Chainalysis. The agreement will see Chainalysis train employees of government institutions in the areas of blockchain technology and digital assets. July 10: Around 50 projects built on Terra, including…

Lessons from the crypto crash: Just like in the aftermath of the dot-com bust, the crypto market now has to trim the fat, writes Axel Nussbaumer on Cointelegraph. The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a…

Snap (ex-Snapchat) plans to allow users to showcase NFTs on its app, as social media platforms increasingly turn to digital collectibles as a means of attracting influencers and their fans despite the crypto crash. According to sources of FT, the US-based social media platform is preparing to test a feature that would allow NFT artists…

Circle Internet Financial released a detailed yet unaudited breakdown of its reserve assets for the firm’s USD Coin (USDC), showing $42.1 billion in short-term US government bonds and $13.6 billion in cash. Lately, crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis. Published in the company’s blog post on…

Fidelity Digital, the crypto subsidiary of the global asset management giant Fidelity Investments Inc., will reportedly hire 100 more people to service the growing needs of institutional investors. As Bloomberg reported, Fidelity Digital is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors. Numbering at least…