Crypto Guides, Knowledge & Insights

Pepe The Frog (PEPE) Gained 21,000% In 3 Days, Proving That “Dogs’ Days” Are Over!

Key Points:　　The most recent meme coin craze is being led by Pepe the Frog, which has seen its value soar by 21,000%.　　According to the page announcing the project, the days of dogs are over, and the new PEPE is the meme-coin with the highest concentration of memes of any that currently exist.With a 21,000% increase, Pepe the Frog leads the latest meme-coin frenzy.　　The community has seen a significant spike in BTC, ETH, and many other Altcoins in recent days. When people say “Altcoin season has arrived,” this is also when meme-coin currencies began to make waves.　　If the past “meme-coin seasons” were driven by DOGE and dog-type currencies like SHIB, FLOKI, and so on, the crypto community is seeking for new and “unique” possibilities this time around. And so, PEPE was born, taking its name from the famous meme about a green frog known as Pepe the Frog, which circulated widely throughout the Twitter crypto community.　　Even though it wasnt available until April 16, the price of this meme coin skyrocketed by up to 21,000% in just three days after it was released, and a total trading volume of 30 million USD was reported. At the moment, the coin is exclusively listed

2023-04-19Deep Dive

Bitcoin Is Showing A Bullish Signal Unseen Potential From 2021

Bitcoin and other popular cryptocurrency tokens were trading lower on Tuesday as financial turbulence calmed, treasury rates climbed, and investors avoided riskier assets.　　Some analysts say that cryptos are losing part of their attraction since the hazards associated with financial upheaval seem to be fading. Nonetheless, this is still a “safe” price zone, and a lesser-known but accurate Bitcoin price indicator has turned positive, indicating the start of a large bull market.　　According to blockchain analytics startup Glassnode, Bitcoins reserve risk multiple has gone over zero, becoming positive for the first time since October 2021. Previous above-zero crosses cleared the door for parabolic price surges.　　Reserve risk, according to Glassnode, is a long-term cyclical indicator that compares the incentive to sell at the prevailing market price to long-term holders who resist the desire to liquidate. A lower number shows great conviction among HODLers, or long-term cryptocurrency investors, and vice versa.　　Vetle Lunde, a crypto markets analyst at K33 Research, said in an interview on CoinDesk TV‘s “First Mover” show on Monday that there are similarities between Bitcoin’s current climb from the doldrums of 2022 and its price trend from 2018 into 2019.　　Lunde said that negative to neutral futures sales, notwithstanding recent price rises, were

2023-04-19Deep Dive

US CFTC President: Binance Willfully Violates CFTC Regulations

Key Points:　　CFTC President Rostin Behnam said that exchange operator Binance intentionally violated CFTC rules.　　He emphasized that the worlds largest cryptocurrency exchange must be registered with the CFTC and comply with the law when it intends to offer futures contracts in the United States.　　The crypto crackdown by regulators in the United States is still in full swing.　　CFTC President Rostin Behnam says exchange operator Binance knowingly violated CFTC rules following a lawsuit accusing Binance and its chief executive Changpeng Zhao (CZ) last month of compliance has been made artificially.　　According to Bloomberg News, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (CFTC), it was said at an event hosted by Princeton University on Thursday that Binance had knowingly violated its regulations. Futures contracts must be registered with this US regulatory agency and comply with the law when offered to US traders.　　“They are starting large companies and offering futures contracts and derivatives to US customers.”He said.　　Aside from the lawsuit against the world‘s largest cryptocurrency exchange, Behnam remained steadfast and reiterated that Ethereum and stablecoins are commodities. The giant token, Bitcoin, is greatly accepted by US regulators as a commodity. Still, there is more significant disagreement about which other virtual coins should

2023-04-19Deep Dive

The Demo Trading Worldcup 2023 winners list has been released as scheduled.

About Demo Trading Worldcup 2023　　In order to promote the development of the industry and reduce the threshold of transactions, WikiGlobal, adhering to the concept of “making transactions easier”, launched a new generation of demo trading software in 2023. The WikiGlobal demo trading competition is a top demo competition for global trading users. The contest is adhering to the concept of “finding excellent traders and spreading high-quality trading strategies” and insisting on the principles of openness, fairness, and justice, aiming to provide a stage for participants to show their trading ability and discover more outstanding traders.　　The winners list (1-100) is now available to the public. Take a look at the winners of the contest (see below).　　These participants could not have won this award without their own talent and deep understanding of forex trading. We congratulate the winners.　　WikiGlobal reserves the right to interpret the winners list of this competition.　　Why April 17th？　　Some of you may have a question: Since the World Cup ended on March 31st, 2023, why dont you release the name list of contest rankings right after the end of the contest？　　The reason we are not able to announce the list of winners quickly right after the closure of the contest（such

2023-04-18Deep Dive

Bittrex Slams SEC In Official Response, Vows To Take Legal Action

On Monday, the U.S. SEC filed a lawsuit against Bittrex, accusing the Seattle-based cryptocurrency exchange of operating an unregistered national securities exchange, broker, and clearing agency. Bittrexs parent company, Bittrex Global GmbH, and its founder were also charged for failing to register as a securities exchange due to the operation of a single shared order book. Bittrex has issued an official response, indicating that it intends to fight the case in federal court.　　Bittrex Denounces SECs Anti-Crypto Stance　　Bittrex has responded to the SECs lawsuit by stating that the agencys decision to take enforcement action against the exchange is part of SEC Chief Gary Genslers broader campaign to expel the crypto industry from the United States. The company commented on the wide-ranging impact of the SECs recent actions, stating: “The SECs regulatory approach through enforcement will not only have a negative impact on cryptocurrency in the United States, but also on blockchain technology and innovation as a whole.”　　In its official statement, Bittrex reaffirmed its commitment to comply with regulatory requirements while being operational and claimed that it had reached out to the SEC several times to seek clear guidance on regulation. The company also stated that it had requested the regulatory body

2023-04-18Deep Dive

Is Crypto a good investment? Understanding the risk associated with crypto trading in Nigeria today

By: Damian Okonkwo　　Is Crypto a good investment？ Understanding the risk associated with crypto trading in Nigeria today　　Firstly, it is important to understand what cryptocurrencies are and how they work. Cryptocurrency is a virtual currency secured by cryptography, which makes it difficult to counterfeit or double-spend. It is highly decentralized, which makes it difficult for any central authority such as a bank or government to control it. Instead, they are based on blockchain technology, which is a decentralized ledger that records all transactions and ensures their accuracy and security.　　So, is crypto a good investment？ The answer is not straightforward, as it depends on a variety of factors such as market conditions, individual risk tolerance, and investment goals. While some investors have profited significantly from investing in cryptocurrencies, others have experienced significant losses. It is crucial to note that the cryptocurrency market is highly volatile, with prices fluctuating rapidly and often unpredictably.　　One of the biggest risks associated with crypto trading in Nigeria today is the lack of regulation in the market. While some countries have established regulatory frameworks for cryptocurrencies, Nigeria has yet to do so. This means that there are currently no clear guidelines or protections for investors in the crypto

2023-04-17Deep Dive

Binance Removes Shiba Inu, 1INCH, FXS, TWT From Innovation Zone

On Monday, Binance, the worlds largest cryptocurrency exchange, announced its decision to remove four tokens, namely Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from its Innovation Zone. The Innovation Zone is a platform where users can trade new and innovative crypto projects that are listed by Binance.　　　　The listing of tokens in the Innovation Zone enables Binance to promote financial freedom by offering its users access to new and innovative crypto projects. At the same time, the platform also aims to protect users from potential risks associated with investing in new tokens. By limiting and warning users about the risks, Binance strives to balance its commitment to promoting the freedom of money with ensuring the safety of its users.　　Binance Removes Shiba Inu (SHIB) After Shibarium Beta Release　　Binance has announced its plan to remove Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from the Innovation Zone effective April 18, as stated in an official announcement on April 17. Users will be able to access these tokens in their entirety from the said date.　　As part of its commitment to balancing user safety with the promotion of financial freedom, Binance periodically reviews projects listed in

2023-04-17Deep Dive

The Basics of Bitcoins and Blockchains: A Comprehensive Guide for Beginners

You have probably heard of the phrases Bitcoin and blockchain if you have even the slightest bit of interest in the realm of digital money and its revolutionary possibilities. However, what are they specifically and why are they so crucial？ Well explain the fundamentals of bitcoins and blockchains in this in-depth explanation by going through their background, salient characteristics, and how they interact to transform technology and banking.I. Blockchain and Bitcoin HistoryThe Creation of Bitcoin　　A person or group of people using the alias Satoshi Nakamoto invented Bitcoin, the first and most well-known cryptocurrency, in 2008. Establishing a decentralized digital currency that runs without the need for a central authority, like a government or bank, was the main motivation behind the invention of Bitcoin.Blockchains Development　　Blockchain is the fundamental technology that underlies Bitcoin and enables it. Fundamentally, a blockchain is a digital record that safeguards makes information visible, and prevents tampering. Users may conduct transactions and communicate information without the necessity of middlemen because of its decentralized and distributed network.II. Getting to Know Bitcoin Decentralization　　The decentralized nature of Bitcoin is one of its distinguishing qualities. Peer-to-peer networking underlies its operation, therefore there are no middlemen involved in user-to-user transactions. Decentralization decreases the

2023-04-14Deep Dive

How WikiBit has Changed the Way Investors Approach the Crypto Market?

The advent of cryptocurrencies has completely transformed the financial landscape, creating new investment opportunities and challenges for investors. However, investing in cryptocurrencies can be quite challenging, given the highly volatile nature of the market, as well as the lack of a centralized regulatory framework.　　Thankfully, investors can now leverage innovative tools like WikiBit to navigate the crypto market with greater confidence and ease. WikiBit is a revolutionary platform that provides investors with real-time data, analysis, and insights about the cryptocurrency market. With WikiBit, investors can make more informed decisions about when to buy, sell or hold their digital assets.　　So, how exactly has WikiBit changed the way investors approach the crypto market？ Lets explore some of the key ways that this innovative platform is making a difference:Real-time Market Data and Analysis　　One of the biggest challenges that investors face in the crypto market is the lack of reliable, real-time data. Crypto markets can be highly volatile and change rapidly, making it difficult to keep track of market trends and movements.　　However, with WikiBit, investors can access real-time market data and analysis, including price charts, trading volume, and historical trends. This allows them to make informed decisions about when to buy, sell, or hold their

2023-04-14Deep Dive

Twitter and eToro Join Forces to Boost Financial Education and Expand Market Insights

eToro, an online broker specializing in social trading, has announced a partnership with Twitter to enhance the platforms $Cashtags feature. This collaboration will allow Twitter users to access real-time pricing information for a broader array of stocks, cryptocurrencies, and other assets instantly.　　Currently, when searching with a $Cashtag symbol, Twitter users can view live price charts for a limited number of financial assets. With the eToro partnership, the list of $Cashtags generating live price charts will be significantly expanded. Users will also have the option to visit the eToro platform to access more detailed asset information and investment options. The partnership will encompass $Cashtags for various eToro instruments, including stocks, ETFs, cryptocurrencies, and commodities.　　Yoni Assia, eToro CEO and Co-Founder, highlighted the importance of social media in financial education and stressed Twitters role in the retail investing community. According to Assia, eToro was built on the principles of community, knowledge-sharing, and improved financial market access. By transforming investing into a group endeavor, he believes they can achieve better results and success together. 　　　　Twitter introduced pricing data for $Cashtags in December 2022, and the feature has since seen widespread adoption, with over 420 million searches for $Cashtags this year. Daily $Cashtag searches average

2023-04-14Deep Dive

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