Crypto Guides, Knowledge & Insights

USDC is the first stablecoin listed by Robinhood on the trading platform.

On Tuesday, Robinhood, a US brokerage service that simplifies stock trading and investing, included Circles USDC stablecoin to its selection of cryptocurrencies for individual investors.　　With this change, the Robinhood system now offers USD Coin (USDC) as its first stablecoin for trading. According to the company, one of the most widely used open-source blockchains, the Polygon and Ethereum networks are currently accepting transactions on the platform.　　　　The platforms decision to add USDC to Robinhood is part of its aim to expand internationally, where stablecoin adoption is increasingly widespread among users from all around the world.　　With a total market capitalization of $50.1 billion, USDC ranks second among stablecoins. With a market valuation of $68 billion, Tether is the biggest stablecoin, albeit it has begun making a loss to USDC ever since Terras algorithmic UST stablecoin failed.　　Robinhood investors wont be able to capitalize from USDC because it is a stablecoin. The organization, which has been concentrating primarily on cryptocurrency growth, has set the IPO as a target.　　　　Users will now be able to convert their stablecoin balances into money and utilize that money to purchase stocks on Robinhood thanks to USDCs support. Additionally, consumers will be able to utilize the stablecoin to exchange their fiat

2022-09-27Deep Dive

FTX US Wins Voyager Digital Asset Auction for $1.4B

The owner and operator of FTX US has purchased assets from the bankrupt crypto lender Voyager Digital in an auction valued at more than $1.4 billion.　　The bid by FTX USs parent company, West Realm Shires, is valued at $1.422 billion, according to a statement issued on Monday.　　This includes the fair market value of all of Voyagers crypto, which will be priced at a later date. The current market value is approximately $1.31 billion.　　Extra consideration will be given to an additional $111 million in incremental value. Its assets will become available after Voyagers Chapter 11 bankruptcy proceedings are completed.　　“Voyager received various bids contemplating sale and restructuring possibilities, performed an auction, and determined that the sale transaction with FTX is the best solution for Voyager stakeholders based on the outcomes of the auction,” the business said in a statement.　　The bankruptcy estate will retain Voyagers claims against the defunct hedge fund Three Arrows Capital, which may be paid to the estates creditors if a recovery is made, according to the statement.　　Former Wall Street Journal reporter Liz Hoffman tweeted that the purchase price for FTXs deal was around $50 million, citing persons familiar with the subject. Hoffman also stated that if assets under management

2022-09-27Deep Dive

Will the slowdown in Ethereum supply following "the Merge" influence the investment story?

Before becoming deflationary, the second-largest cryptocurrency may still have a long path to go. The Ethereum blockchain upgrade made various crucial commitments, including to increase network scalability and efficiency, reduce the quantity of ether to make it a deflationary asset, amongst many other things.　　　　The stock of Ether on the proof-of-stake network has grown by more than 5,990 since the Merge event, as per metrics from the website Ultrasound Money. Furthermore, the evidence shows that this number is lower than it may have been under the proof-of-work consensus approach.　　Additionally, the supply is considerably less than that of Bitcoin, whose network generates 6.25 BTC coins every 10 minutes using a proof-of-work algorithm. The Ultrasound Money platform states that when the coins from block subsidies are less than the ones being burned, Ether can start to shrink. Additionally, ETH will turn into a deflationary asset when more people start using it for transactions than are staking it. Aside from that, when the processing cost hits 15 Gwei or 0.000000015ETH, the cryptocurrency can deflate.　　However, certain circumstances do not yet exist. According to Ultrasound Money, the cost of each Ethereum transaction is 11 Gwei, and staking produces greater tokens than burning them.　　What has been observed

2022-09-27Deep Dive

Despite the current turbulence, the CEO of Pantera predicts that cryptocurrency will once again rise

Morehead contends that cryptocurrency is enduring a complete occurrence to risk assets based on adaptability and is thus most likely to rebound based upon its own principles. It would thus immediately be coupled to the macro dynamics as a result. 　　In a news article, Morehead highlighted that buying in equities and bonds has become more problematic because of high interest rates, in contrast to blockchain, which may trade independently of bond yields. As a result, blockchain trading can remain using its current frameworks.　　Morehead is convinced that Bitcoin (BTC), despite dropping lows earlier in the year, would continue to climb. Many tokens are currently rising, and Ethereum (ETH) has surged by up to 60% since its recessions. Despite experiencing a decline in users due to the increasing popularity of other tokens, he claimed that bitcoin will gain by 10 times over the long term.　　　　According to Morehead, blockchain has become one of the most compelling industries in the modern era. While traditional finance is valued at $3 trillion, decentralized finance (DeFi) is currently priced at $20 billion. DeFi may one day conduct activities that go outside the purview of conventional finance.　　The Merge of Ethereum　　According to Morehead, Ethereums transition from Proof-of-Work to Proof-of-Stake

2022-09-26Deep Dive

According to PlanB, Bitcoin has bottomed out for a new bull run.

The inventor of the Stock-2-Flow (S2F) model, a crypto specialist, has an optimistic prediction for the leading digital currency in the world. PlanBs comments reflect the premier coin trading this past week at a 16-month low of $26,350.49 as the broader virtual currency system fell apart following the failure of the Terra protocol. Despite the existence of several downtrends recently in the cryptocurrency market, PlanB thinks that the market price has bottomed out and that the stage has indeed been set for the forthcoming bull run.　　He noted that this is a normal BTC cycle in a tweet, “December 2021 I was still hoping for a 2nd leg of the bull market. But in Q1 2022 it became clear that this bitcoin bull market was over. We entered a bear market at the Apr 2021 peak (yes ATH was Nov 2021). Now we are creating a bottom. Then a new bull market will start,”　　Due to the fact that PlanBs S2F model may be used with a wide range of assets, he has achieved fame in the financial industry. Due to the recent high volatility of the digital asset, his projections concerning BTC havent always come true.　　One of PlanBs top forecasts for

2022-09-26Deep Dive

Valour Inc. of Toronto to Launch Bitcoin ETP Börse Frankfurt

In September, German investors will spend just 1.49% in service fees to purchase the Bitcoin Carbon Neutral ETP on Börse Frankfurt, the biggest exchange in the country. As a result, Valours Bitcoin Carbon Neutral ETP is the eleventh ETP that the company has launched. 　　In August, prominent German banks Comdirect and Onvista revealed that they will always begin providing their retail customers a wide range to Valours ETPs and other cryptocurrency services in Germany. The very same goes for bank customers who may now add Valours ETPs, such Bitcoin Zero and Ethereum Zero, to their investment portfolios.　　Additionally, the ETP offers a safe and trustworthy investment approach that safeguards the environment and is compatible with ESG goals by financing authorized emissions removal and offset programs. This balances the carbon footprint associated with Bitcoin.　　Valour and Patch Form Partnership to Create ETP　　Valour and Patch, a leading supplier of infrastructure for climate action, have teamed as a cornerstone of the ETPs framework. 　　Its worth noting that Patchs API-based solution determines the amount of greenhouse gases the Valour portfolio creates relying on a wide range of inputs, namely mining equipment efficiency, hash power distribution, and data on national carbon emissions.　　The Valour BTC Carbon Neutral ETP

2022-09-26Deep Dive

Major Factors to consider while investing in cryptocurrency: A guide for all Nigerian crypto traders

By: Damian Okonkwo　　The craze to make profits from cryptocurrency investments has often pushed many crypto traders to dabble in any crypto project they find on an exchange without carrying out proper research on the future of such crypto project. Some just jump into a given crypto project out of emotion when they find the price of a particular cryptocurrency rising. This Fear of Missing Out (FOMO) has trapped many crypto traders when they buy a particular cryptocurrency at a higher price. To make profits from cryptocurrency trading, the traders needs to put several factors into consideration before proceeding to place any order. Below are the major factors to consider while choosing a cryptocurrency to invest in.　　Major Factors to consider while choosing a cryptocurrency to invest in　　A. Maximum Supply: Crypto projects without maximum supply are subject to inflation and are not recommended for long-term investments. Not having a maximum supply means more quantities could be added to the circulating supply which will devalue the price of the cryptocurrency in the future. Therefore, having a maximum supply is an important factor that determines a strong crypto project. Bitcoin for instance has a maximum supply of 21 Million. This is one of the

2022-09-26Deep Dive

What’s Next for Ethereum in a Post-Merge World?

Soon after Ethereums creation, plans were made to transition the blockchain from a proof-of-work to a proof-of-stake network.　　Last week saw the long-awaited Ethereum Merge, with over 40,000 watchers tuning in to watch the blockchain hit a Total Terminal Difficulty of 58,750,000,000T — the predetermined amount of hashes that the Ethereum proof-of-work network had to mine before transitioning to proof-of-stake.　　The Merge is only the first step for Ethereum.　　At Messaris Mainnet conference in New York, Ethereum founder Vitalik Buterin told Electric Coin Company founder and CEO Zooko Wilcox-OHearn and Messari CEO Ryan Selkis that it is still too early to say if the Merge went wrong.　　“The changeover went much more smoothly than almost everyone imagined,” Buterin added. “However, there are other criteria that will take years, if not more than a decade, to determine how the details will play out.”　　Even so, Buterin stated that the technological move has been highly applauded within the Ethereum community.　　“It truly feels like the sky, which has been cloudy for nearly a decade, has finally cleared,” he added.　　So whats next？　　According to Ethereums founder, the next major area of attention for developers is addressing scalability difficulties.　　“Sharding is the next stage that hasnt happened yet,” Buterin explained.　　Sharding is a

2022-09-26Deep Dive

Wiki Finance Expo Dubai 2022: Move to the future of Blockchain with WikiBit

Wiki Finance Expo Dubai 2022: Move to the future of Blockchain with WikiBit　　Abstract: The Wiki Finance Expo Dubai 2022 will take place in Dubai on September 25-26, 2022. It is an excellent opportunity to interact with crypto experts and receive messages about the latest crypto market. If you miss it, you must wait at least one more year!　　About WikiBit　　WikiBit is a blockchain enterprise-information query tool distributed worldwide. It mainly provides:　　1. Essential information inquiry,　　2. Regulatory license inquiry,　　3. Credit evaluation for the listed blockchain projects,　　4. Platform identification, and other services.　　Based on public data released by the government, combined with advanced sniffing systems and scientific computer algorithms, WikiBit offers an excellent big data solution that integrates data collection, screening, aggregation, modeling, and productization. It also provides the quantitative and qualitative evaluation of the listed projects supervision level and risk level from multiple dimensions for traders, institutions, and government departments. For more information, please visit our website. (https://www.WikiBit.com/en)　　Dubai　　The Middle East has maintained rapid economic growth and has become one of the richest and fastest-growing regions in the world as one of the worlds leading and fastest-growing commercial and financial centers. Dubai has high-quality software and hardware facilities and an excellent regulatory legal system, which

2022-09-23Deep Dive

Coinbase Refutes Claims It Tested Proprietary Trading

Coinbase denied running a proprietary trading company, claiming that its risk solutions division intends to broaden institutional crypto participation beyond simply storing assets.　　According to the Wall Street Journal, Coinbase created a group last year to utilize company capital to trade and stake cryptocurrency in order to generate profits. According to the newspaper, which cited “people familiar with the situation,” the crypto exchange engaged at least four prominent Wall Street traders for the business.　　According to the Wall Street Journal, the organization performed a $100 million deal earlier this year as a test trade but eventually decided against pursuing proprietary trading.　　Coinbase does not operate a proprietary trading business or act as a market maker, according to a blog post published on Thursday, and the piece appears to confuse “client-driven activity” with proprietary trading.　　Proprietary trading occurs when a bank or other organization trades stocks, bonds, or other financial products under its own name – that is, with its own money rather than the money of its clients.　　“Coinbase does purchase cryptocurrencies as principle on occasion, including for corporate treasury and operational needs,” the business noted.　　“We do not consider this proprietary trading because the goal is not for Coinbase to profit from short-term rises in

2022-09-23Deep Dive

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