Market focus

Mastercard Inc. and crypto firm Bakkt Holdings Inc. partnered to enable cryptocurrency card payments. Banks will be able to issue debit or credit cards that let people pay with Bitcoin and earn cryptocurrency as rewards. According to the WSJ, the companies announced the partnership to make it easier for banks, financial-technology firms, and merchants to…

Shiba Inu is gradually taking center stage among other memecoins. SHIB was up 50% in the 24 hours on Sunday and reached a record earlier in the day, becoming the 11th-biggest cryptocurrency by market value. The speculations, media, and buzz surrounding crypto is adding to its surge. Shiba Inu (SHIB), the self-proclaimed Dogecoin killer, tapped…

China once again banned almost everything cryptocurrency-related in the country. It is the state’s second attack on the crypto community this year, and it looks even more serious than the spring one. We tried to figure out what it was all about. There is a famous saying in former Soviet countries – “the last Chinese…

Gulf Crypto Insight exclusive SubQuery Network is a data indexing protocol (decentralized data aggregator) for the Polkadot and Kusama ecosystems. The main mission of SubQuery is to expand access to data from the Polkadot and Kusama blockchains by creating new markets for indexing and data provisioning. SubQuery is a Data-as-a-Service provider that collects and organizes…

Wednesday Bitcoin hit a new all-time high as investors acclaimed the successful launch of the first US Bitcoin futures exchange-traded fund (ETF). According to Coin Metrics, the world’s largest cryptocurrency surged 4%, passing the $66,900 level, topping a previous record of $64,899 set in mid-April. However, JPMorgan strategists believe the key driver behind the price…

Once again, our prediction comes true: financial regulators have rapidly increased the pressure on stablecoins. More so than cryptocurrencies in general, they view them as the main competitor to fiat money today. On September 20, speaking to a Washington Post columnist (https://www.washingtonpost.com/washington-post-live/2021/09/21/path-forward-cryptocurrency-with-gary-gensler-us-securities-exchange- commission-chair /), chair of the US Securities and Exchange Commission (SEC) Gary Gensler…