Author: Crypto Insider

Decentralized exchanges, one of the largest contributors to DeFi growth, reported more than $1 trillion in trade volume over the last year. Many DeFi projects look towards the Gulf countries as a decentralized finance hub. One of the biggest contributors to the recent exponential growth of the crypto market was the decentralized finance (DeFi) sector,…

The latest Bitcoin’s 15% price surge in the 24 hours became its largest one in over a year. The world’s largest cryptocurrency soared by more than $6,000 since Monday to above $44,000 resulting in over $300 million worth of liquidations. According to data from CoinGlass, crypto liquidations over a 24-hour period exceeded $325 million at…

Dexorca Exchange, the world’s first hybrid, decentralized exchange, will hold the 1st Arab Blockchain Summit (ABS) on May 28 at Burj Khalifa, Dubai. The event will host the programs such as networking, technology MOUs, and conferences in the related industries that reflect the needs of the Middle East virtual assets market, which has recently grown…

Binance, a global cryptocurrency exchange, on Sunday announced a $10 million donation to help the humanitarian crisis in Ukraine. This is by far the largest amount donated by the crypto industry. Previously, Changpeng Zhao, CEO of Binance, said it included ground logistics, food, fuel, supplies, refugees, places to stay, visas, and more. Binance, the world’s…

Keith J. Fernandez writes on Gulf News Focus about understanding the risks and rewards of cryptocurrencies. Cryptocurrencies have made millionaires of ordinary people. But even as investors flock to digital tokens in record numbers, so too has there been a corresponding rise in crypto scams and thefts. There were 116,139 addresses belonging to declared Bitcoin…

Breaking crypto news from the last week (Feb. 19 – 25, 2022): Feb. 19: A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. The restaurant is a virtual one…