Home
United States of America RankingGlobal RankingPopular Brokers RankingAsset RankingTrading Volume RankingScam Broker RankingApp Ranking
Feedback
Field Survey
Industry NewsMarket QuotesMarket DataRegulatory AuthorityWiki StoreAbout Us
Language
简体中文English繁體中文العربيةDeutschEspañolFilipinoFrançaisहिन्दीBahasa Indonesia日本語한국어PortuguêsРусскийไทยTürkçeاردوTiếng Việt
Scan to Download
Global Exchange Regulatory Verification Platform

Bitcoin Is Being Pummeled – Will Tesla And MicroStrategy Sell Their BTC?

The Bitcoin market has been extremely volatile and leaning towards dips that left many traders and investors on panic mode.　　Companies like Tesla and MicroStrategy are experiencing the same dilemma with their Bitcoins suffering tragic lows.　　 MicroStrategy And Tesla Holding Over 177K BTC　　MicroStrategy and Tesla combined has over 177K Bitcoins or 129,218 and 48,000 BTCs; respectively.　　BTC is on a plunge since the beginning of 2021. It has made a major dip of 27% in the past three months. In fact, Bitcoins price went as low as $30,000.　　The downward trend in this price action has become an enormous pain point for traders and major BTC holders.　　On the flipside, the 24-hour trading volume soared by 84% or as much as $83.3 billion. To sum it all, that is around a $12-billion loss from the BTC holding of other giant institutions.　　Major Crypto Hodlers　　MicroStrategy holds around 0.61% of the total BTC supply. Its current BTC entry value is at $3.9 billion and the recent value is at $4.11 billion.　　Meanwhile, Tesla owns as much as 0.229% of the BTC supply with a Bitcoin entry value amounting to $1.5 billion. Its recent value is currently at $1.52 billion as of this writing.　　As seen above, the ratio between

2022-05-12Deep Dive

Cardano's Hoskinson Says 'Best-to-Market' Crypto Could Help Avoid Economic 'Collapse'

Charles Hoskinson wants you to “wake up.”　　In a Twitter broadcast on Tuesday night, the Cardano founder and Ethereum co-founder warned of a “dystopian future” brought on by hyperinflation and governments just printing money.　　“The world economy,” Hoskinson warned, “is not healthy.”　　And the ongoing crypto crash—where total market cap has plummeted 10% in the past 24 hours, according to CoinMarketCap—has shined a light on the divide between institutional investors and retail investors, the latter of whom, in Hoskinsons view, are using crypto to try to opt out “of a global system thats unfair.”　　“Institutions have been dumping their crypto ... most are looking at it as a high-risk, high-return asset,” Hoskinson said. “This was always the danger of inviting the Wall Street types in.”　　Because of their financial strategies and rampant inflation, bankers and VCs, Hoskinson continued, “have already chosen their fate. Theyre playing musical chairs with a global economy which will collapse. It cannot sustain itself.”　　Crypto can be part of the economic solution, he said, while also cautioning against possibly rushed first-to-market products that may not be “best-to-market.” (Hoskinson and LUNA founder Do Kwon have recently exchanged words on Twitter).　　Hoskinson advocated for a “measure twice, cut once” philosophy, and suggested that “others did

2022-05-12Deep Dive

Crypto Firms Quick to Announce No Exposure to UST, LUNA

As Terras stablecoin, UST, and native token, LUNA, hurtle toward unheard-of lows, many in the crypto community are scrambling to assess how far-reaching the damage will be for decentralized finance as a whole. 　　This morning, after UST hit a record low of $.30—the stablecoin was designed to be pegged to the U.S. dollar—and LUNA—a week ago worth over $87—fell to less than $1, crypto firms began publicly announcing their exposure (or lack thereof) to these coins as part of an effort to help stave off market panic.　　CEOs, co-founders and investors rushed to Twitter to make such declarations.　　Kyle Samani, co-founder of Multicoin Capital, told Decrypt why he decided to join in on clarifying his firms position: “People have made rumors about us before. [I] figured I would squash.”　　In addition to Dragonfly Capital and Multicoin Capital, Framework also claimed “safety” from the UST/LUNA carnage.　　The trend continued across Twitter, with perhaps some firms worried remaining silent could imply exposure.　　As one Twitter user observed, the trend began to resemble the phenomenon of Facebook users in a certain area marking themselves safe during a disaster event.　　Even NFT collections and DAOs got in on the trend.　　Others, meanwhile, doubted some of the claims, and called for a

2022-05-12Deep Dive

Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia

President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state.　　President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries　　Candidates for government offices in Russia are now expected to provide authorities with details about the crypto funds they have acquired in other jurisdictions. A decree recently signed by Vladimir Putin adds the requirement to an earlier presidential decree on the verification of filed statements on property and property-related liabilities of Russian officials abroad.　　The amendments, which entered into force immediately after the signing of the new decree on May 9, concern not only those who run in elections on the federal and regional level but also their close relatives. From now on, their families will have to account for all of their crypto investments as well.　　The new provisions refer to any spending for the purchase of digital financial assets, a term encompassing cryptocurrencies under current Russian law, and digital currency. The latter definition will be introduced with a new law drafted by the Ministry of Finance.　　The respective Russian authorities will verify the submitted

2022-05-12Deep Dive

Bitcoin Breaks Below $28.6K: Recording Its Lowest Level Since January 2021

Bitcoin‘s price has now broken well below $30,000, touching down to $28,228 just moments ago. That’s Bitcoins cheapest price since January 4th, 2021, retracing some of the gains made in its early bull market.　　On Wednesday at 20:50 UST, Bitcoins price slipped from $29,000 to $28,228 within less than 5 minutes.　　The price remains at $28,551 at the time of writing, down about 8% on the day.　　The rest of the crypto market is also struggling with Ethereum barely holding $2000 as a support level.　　Traders are getting wiped amid the chaos: within the last 24 hours, over $1 billion have been liquidated from the crypto market, according to Coinglass.　　The price has even breached Bitcoins low as of June 21st, 2021 at $28,600. Please download WikiBit for more blockchain news.　　This puts MicroStrategy a step closer to its margin call price of $21,000, at which point if will be forced to deploy more of its Bitcoin as loan collateral.　　“The bitcoin price is set by those with more money and less knowledge than you,” he tweeted today. “In time, they will get the knowledge and you will get the money.”　　Bitcoin / USD. Source: TradingView

2022-05-12Deep Dive

Dogecoin price is on the verge of a 70% downturn

Dogecoin price risks invalidating the falling wedge pattern after six weeks of failed attempts to break out.　　A breakdown of the lower trend line of the wedge at $0.087 will trigger a bearish descent.　　A weekly candlestick close above $0.159 will invalidate the bearish outlook.　　Dogecoin price is grappling with the lower trend line of a bullish pattern. This development comes after a wildly bullish narrative over the last few weeks. Therefore, investors need to pay attention to Bitcoins directional bias. Dogecoin price pulls a ‘180 degree’　　Dogecoin price action set up a falling wedge as it crashed a massive 85% from its all-time high of $0.740. This move set up three lower highs and lower lows on the weekly time frame, which when connected using trend lines reveals a falling wedge.　　This technical formation forecasts a 68% upswing to $0.217, obtained by adding the distance between the first swing high and swing low to the breakout point.　　Over the last five to six weeks, DOGE was hugging the upper trend line closely and even broke above it temporarily. However, the last week caused a lot of pain for holders as it pushed the Dogecoin price down to retest the lower trend line of the falling

2022-05-11Deep Dive

Future of Blockchain Remains Bright In Spite Of Crypto Crash

With bitcoin off roughly 55% from its November high and almost half of holders now in the red, according to data from Glassnode, it may be easy to lose sight of just how valuable the blockchain could become in the not-so-distant future. Proponents of the digital currency have long hailed it as an inflation hedge, but its current correlation to the Nasdaq has challenged this argument and encouraged skeptics. Over $3.15 billion in value has been moved out of exchanges in the past week alone, making this the most significant amount since the market peaked in November last year.　　Amid the selloff, Fundstrat Global Advisors project that there could still be further downside on the horizon as they expect the bitcoins price to bottom out at $29,000. But even as the crypto market crashes, it is essential to distinguish between the currencies and the underlying blockchain technology. Regardless of how the cryptocurrencies perform over the short term, there is no doubt that the future of blockchain technology is extremely promising.　　Thanks to the emergence of Web 3.0, which refers to the third generation of the internet, the blockchain market is set to explode. Basically, in this next generation of the internet, websites

2022-05-11Deep Dive

UK Prime Minister Empowers Authorities to Seize Crypto ‘More Quickly and Easily’

Boris Johnson – Prime Minister of the United Kingdom and leader of the Conservative Party – will reportedly introduce a new economic crime bill. It will aim to reduce the employment of finance in illicit activities, strengthen the impact of the sanctions against Russia, and empower law enforcement agents to confiscate digital assets.　　The United Kingdom is well-known for its strict approach to the cryptocurrency industry. Over the past several months, the authorities have been on top of the sector, monitoring whether digital assets take part in illicit operations and seizing such tokens from wrongdoers.　　Reuters reported that Britains political leader Boris Johnson will double down on these efforts by introducing new economic crime legislation.　　The bill will enable law enforcement agents to confiscate and recover cryptocurrencies “more quickly and easily” in case they are employed in criminal activities.　　Speaking on the matter was also Prince Charles – the oldest son of Queen Elizabeth and heir to the throne:　　“A bill will be brought forward to further strengthen powers to tackle illicit finance, reduce economic crime and help businesses grow.”　　The bill will also focus on “driving dirty money out of Britain,” ensuring that people from Vladimir Putin‘s inner circle do not benefit from UK’s economy.

2022-05-11Deep Dive

Multiple Crypto YouTube Channels Hit With Shocking Ban

While the idea of Web 3 is still in its developmental stages, YouTube may have just made a case for the decentralization of the internet, albeit inadvertently. With no explanation, the popular video-sharing platform banned multiple crypto-focused channels over the weekend.　　YouTube Shuts Down Web3 And Crypto Educational Channels With No Explanation　　In a tweet on Sunday, Bankless, a YouTube channel dedicated to churning out Ethereum-related content and interviews, revealed to the surprise of its 150,000 subscribers that its channel had been banned. Bankless, in the tweet, revealed that the popular social media platform had given them no notice before disabling their channel and taking down over 10,000 hours of their content.　　As a result, the channel solicited its 188,000 twitter followers to get YouTubes attention. In a follow-up tweet, Bankless also called on YouTube CEO Susan Wojcicki to rectify the situation. The tweet read, “Dear Susan Wojcicki, CEO of YouTube, Please reinstate the BanklessHQ account so our community can resume receiving high-quality educational content.”　　As it turns out, Bankless was not the only crypto-focused channel banned at the time. Reports have confirmed that the platform has also shut down at least three other YouTube channels. Some of the accounts identified include Gabriel Haines,

2022-05-11Deep Dive

European Union Plans Pilot Project on DeFi Supervision

The European Union is eyeing first-time DeFi rules.　　A pioneer in the development of data protection legislation through GDPR (General Data Protection Regulation), the European Commission also intends to be at the forefront of the rules that could shape a decentralized financial world.　　In a recent report, the EU‘s executive arm revealed it will test an embedded form of DeFi’s (decentralized finances) supervision, which is now mainly unregulated, through a pilot.　　“Adapting the EU financial services regulatory framework to a [decentralized] environment will require a rethink,” the report states. A pilot project on “embedded supervision” will be launched this year in order “to benefit from the inherent data transparency on public blockchains.”　　The upshot is a tech-heavy solution in which supervisors “automatically monitor compliance with the regulatory framework by reading blockchain transaction data.” That way there is no need for market participants to “actively collect, verify and deliver data to supervisory authorities” — as is the case in the financial system now.　　Although European regulators see innovation as an opportunity, executives also recognize “many risks” in DeFi, including “conduct and operational” perils.　　“Conduct risks arise in the absence of any regulation and are amplified by the quasi-anonymous nature of DeFi, whereas operational risks occur in view

2022-05-11Deep Dive
1
...
257259
...
743

Global Exchange Regulatory Verification Platform

Select Country/Region

You are visiting the WikiBit website. WikiBit and its mobile app are a tool for users worldwide to check exchange compliance information. Users are advised to comply with the relevant laws and regulations of their country or region when using WikiBit products.

Official Email: contact@wikibit.com；

For corrections regarding license and other information, please send to: qa@wikibit.com；

Cooperation: contact@wikibit.com

WhatsApp: 852 44962638

Telegram: https://t.me/wikibitofficialgroup

Company: COOLBIT CO., LIMITED

※ You are visiting the WikiBit website. WikiBit and its mobile app are a tool for users worldwide to check exchange compliance information. Users are advised to comply with the relevant laws and regulations of their country or region when using WikiBit products.