Crypto Guides, Knowledge & Insights

India’s Regulatory Stance Regarding Cryptocurrencies

Nowadays, if you watch TV, you cannot miss the plethora of ads for cryptocurrency exchanges on every channel. Every time India takes (or loses) a wicket in the T20 World Cup, you have a Bollywood star trying to get you to invest in cryptocurrencies. They are everywhere and every-when! The interesting thing here is that, while ads for every other product on TV are for items or services that are regulated, cryptocurrencies in India have the unique distinction of being completely unregulated.　　The history of India‘s regulatory relationship with cryptocurrencies has been one filled with caution and warnings. This started in 2013 and has not really eased up even now. More recently, the government has however made a conscious distinction between blockchain technology and cryptocurrencies. It is in favour of a wider adoption of the former while it remains suspicious of the latter. Before we get into that, here’s a brief history of Indias regulatory stance regarding cryptocurrencies, to better understand the current position.　　The Time of Warnings　　In 2013, in the wake of cryptocurrencies such as Bitcoin making waves on the international scene, and indications emerging that this popularity was spreading to India as well, the Reserve Bank of India on December

2021-11-04Deep Dive

Three SHIB Petitions for Amazon Adoption Gain 173,373 Signatures

The Shiba Inu community seems to be seeking out billionaire Jeff Bezos to start patronizing SHIB since the wealthiest person in the world, Elon Musk, refuses to do that and sticks to Dogecoin only.　　SHIB petitions Amazon for new signatures　　Currently, three petitions on Change.org have gathered approximately 173,373 signatures overall:　　“SHIB4Amazon - Ask Amazon to add SHIB as a payment” – signed by 47,526 people.　　“Kindly request Amazon start accepting SHIBA INU as a form of payment” – signed by 44,878 people.　　“Please accept Shiba Inu cryptocurrency as payment for Amazon products and services” – signed by 80,969 people.　　The person who launched the petition with the largest amount of signatures so far, Justin Taylor, wrote on the page of the petition on Change.org that the SHIB community wants Amazon to seriously devote time to considering accepting SHIB for goods and services on its platform.　　He believes that if it happens, it will bring benefits to both Shiba Inu users and Amazon.　　Amazon has changed the world many times since it was created. We humbly request that Amazon once again do so by accepting Shiba Inu.　　As for the petition to get SHIB listed by Robinhood, the amount of signatures has reached 479,162 by now.　　Elon Musk rejects SHIB,

2021-11-04Deep Dive

Coinbase Pro Adds Support for New Shiba Inu Trading Pairs

Coinbase Pro has announced on Wednesday that its users are now able to trade the high-flying Shiba Inu cryptocurrency against the euro and the British pound.　　At press time, orders books for the new trading pairs (SHIB-EUR and SHIB-GBP) are already in full-trading mode.　　The professional arm of Americas top cryptocurrency exchange added support for the Dogecoin rival in early September. Users were initially able to trade the “meme” coin sensation against the U.S. dollar and the Tether stablecoin.　　The Shiba Inu-inspired token skyrocketed 825% in October, but it is currently struggling to sustain its mammoth gains.　　The biggest whale moving his SHIB tokens for the first time since April pushed the price of the meme coin down nearly 14% earlier today.　　Shiba Inu has now slipped below Dogecoin on CoinMarketCap.　　For more blockchain news, please download WikiBit - the Global Blockchain Regulatory Inquiry APP.

2021-11-04Deep Dive

Investments in cryptocurrencies increasing steadily in Malaysia

MALAYSIANS generally have an optimistic outlook on their investments in cryptocurrencies and are aware of risks when investing in cryptocurrencies, as many believe the asset class has several attractive features that make them an excellent alternative investment.　　Luno Malaysia country manager Aaron Tang said he has seen days where thousands of locals signed up for accounts per day this year as many are very interested in this asset class.　　According to our latest survey on understanding the financial management habits of Malaysians, 62% of current investors stated that they would consider investing in alternative assets like cryptocurrencies as a way to diversify their portfolios.　　“Some 37% of respondents noted that utilising cryptocurrencies for long-term investment purposes was an exciting feature of the digital asset while 40% stated that using cryptocurrencies as an alternative store of value,” he told The Malaysian Reserve.　　The Securities Commission stated that over 300,000 new accounts have been created in Malaysia this year to trade digital assets, with the value of these assets exceeding RM16 billion as at end September, despite market uncertainties and volatility in this asset class.　　The number of new accounts created to trade digital assets has increased by nearly 35% since January this year, with nearly 60%

2021-11-03Deep Dive

62% of Malaysians Open to Investing in Cryptocurrencies

Luno, a regulated digital asset exchange in Malaysia, announced the completion of an online nationwide survey aimed at understanding the financial management habits of everyday individuals.　　Conducted by YouGov, the data was collected from more than a thousand Malaysian adults throughout the country. They said this is to ensure a statistically accurate representation of the typical saving and investment strategies employed by the general public.　　The survey highlighted that Malaysians predominantly view wealth as an important catalyst in attaining greater financial freedom for both themselves and their families.　　A majority of respondents (60%) stated that the importance of having money to them is for safeguarding their familys financial well-being. Additionally, 58% of respondents stated the importance of attaining a financially flexible lifestyle in the future.　　According to the survey, 64% of the total sampled population stated that they save their money often. The data also illustrated that respondents aged between 18-34 years old were most likely to be in (66%) the regular savers group; in comparison, only 55% of 55+ year olds are regular savers. This indicates that the younger generations of Malaysians tend to be more proactive in their savings compared to the older generations.　　In terms of where these regular savers would likely

2021-11-03Deep Dive

Weekly Crypto Market Outlook: Bitcoin Hit Resistance Around 60K As Price Prepares For A New Bullish

It will be right to say that the Bitcoin market was engaged in a tight range movement throughout the trading bout of the last week in October. From a technical analysis perspective, we should presume that the entire price action sentiment for the most volatile Altcoin is in preparation for new bullish momentum. With the dip and rise that was presented in the BTC market last week, several investors believe that the reaction of Bitcoin price is meant to neutralise the influx of positive market value the digital currency was in the prior weeks.　　And to acknowledge that the value of Bitcoin is aimed at reaching the desired price level of 100K by the end of the year important factors thatll contribute to the Irreplaceable performance of the digital cash are concluded below.　　Bitcoin Positive Attractions From The Elites 　　In a recent summit held by the CEO of Voyager, Shark Tank Star Mark Cuban, and the owner of the NBA team alongside Dallas Mavericks, told the attendees at the conference the benefits of investing in crypto and how they can also get started without any prior trading experience. At the summit, Mark Cuban said, cryptocurrency is an investment strategy that has the

2021-11-03Deep Dive

WikiFX Reviews-A Trustworthy Broker Regulation Inquiry Tool

As a forex trader who was ever used and are using WikiFX app, I see there are a lot of WikiFX reviews displayed on the Internet, both negative and positive. Today, I am gonna tell you about how I feel about this WikiFX App based on my actual use. 　　WikiFX Reviews-Easy to Use　　I find this WikiFX is easy and fast to download on a stable network connection. This cannot be frequently reached by many other similar tools, as there are always some terrible download and registration problems as I tried many time before. This WikiFX App really impresses me a lot at first. 　　No one like troublesome things, nor do I. User- experience is quite important for a new App. 　　WikiFX Reviews -Rich Brokers Amount　　The another thing I want to point out is that Wikfx offers s huge section of forex brokers enlisted, around 30, 400 per its official website. This astonishes me. I have never seen a similar App including so many brokers before, indeed. Detailed regulation and license information is clearly listed here for forex traders to distinguish. How does WikiFX get these information then？ The fact is that WikiFX has a powerful field survey team worldwide to

2021-11-03Deep Dive

WikiFX Reviews-A Trustworthy Broker Regulation Inquiry Tool

As a forex trader who was ever used and are using WikiFX app, I see there are a lot of WikiFX reviews displayed on the Internet, both negative and positive. Today, I am gonna tell you about how I feel about this WikiFX App based on my actual use.　　WikiFX Reviews-Easy to Use　　I find this WikiFX is easy and fast to download on a stable network connection. This cannot be frequently reached by many other similar tools, as there are always some terrible download and registration problems as I tried many time before. This WikiFX App really impresses me a lot at first.　　No one like troublesome things, nor do I. User- experience is quite important for a new App.　　WikiFX Reviews -Rich Brokers Amount　　The another thing I want to point out is that Wikfx offers s huge section of forex brokers enlisted, around 30, 400 per its official website. This astonishes me. I have never seen a similar App including so many brokers before, indeed. Detailed regulation and license information is clearly listed here for forex traders to distinguish. How does WikiFX get these information then？ The fact is that WikiFX has a powerful field survey team worldwide to investigate whether a

2021-11-03Deep Dive

Miami Mayor Will Accept Next Paycheck in Bitcoin

Miami mayor Francis Suarez has committed to taking his next paycheck in Bitcoin along with other city workers.　　Suarez Will Be Paid in Bitcoin　　In a Twitter comment today, Suarez noted that he would take his next paycheck in the form of Bitcoin.　　Suarez called on Chief Information Officer Mike Sarasti to help set up the payment. It is unclear whether Sarasti himself will accept Bitcoin.　　The decision is part of a larger opportunity available to all of Miamis municipal workers. In October, Suarez announced a plan that would allow city workers to accept their paychecks in Bitcoin. At that time, he called allowing workers to accept Bitcoin “a major priority,” adding that he wants to “differentiate [Miami] as a crypto capital.”　　The proposal could also allow residents of Miami to have the option of paying municipal fees and taxes by spending Bitcoin, if that plan is allowed by county regulators and authorities.　　Suarez additionally wants to see the city hold Bitcoin on its balance sheet, though this is not currently allowed in Florida cities.　　Miami Is a Crypto Hotspot　　Suarez previously helped the city launch its own cryptocurrency, MiamiCoin. The custom token was the first cryptocurrency to launch in partnership with the open protocol CityCoins.　　Outside of city

2021-11-03Deep Dive

Dogecoin (DOGE) co-founder slams the promotion of rival Floki Inu

Crypto influencer SlumDOGE Millionaire tells his 116,000 Twitter followers the next token to blow up is Floki Inu. He added that, for those who missed Dogecoin, $FLOKI represents the “way out.”　　However, Dogecoin co-founder Billy Markus responds by implying the tweet is an undisclosed paid promotion, calling SlumDOGE Millionaire “slimy af” for doing so.Dogecoin regrets set off the hunt for the next big opportunity　　Dogecoin took off earlier this year, posting massive gains, off the back of the WallStreetBets saga. This movement set out to “stick it” to Wall Street shorters of GameStop and AMC stock.　　This campaign soon found its way into crypto, with Dogecoin selected as the token to pump. As a result, Dogecoin posted YTD gains of 15,000% at its peak, creating wealth for early buyers. And at the same time triggering purists who claim $DOGE is undeserving of its success.　　In short, this period turned investing on its head. In that, it demonstrated that making money in crypto, or for that matter stocks, isnt necessarily based on picking projects with fundamental strength.　　Given Dogecoin‘s weak fundamentals, it’s unsurprising that many missed out on the gains. In turn, $DOGE‘s success has spawned an enduring search for the next big thing. And according

2021-11-03Deep Dive