Kegagalan Minswap Menimbulkan Cemas Pelabur Cardano (ADA)

Manakan tidak, bukan kecacatan ini sahaja yang mereka hadapi ketika testnet Cardano bersiaran, tetapi juga melibatkan kesukaran dengan penghasilan transaksi tidak dibelanjakan (unspent transaction output, UTXO), kegagalan DApp, dan isu kesesakan rangkaian  Ketika mereka mengadukan isu ini di beberapa ruang forum, timbul juga reaksi yang negatif berkaitan projek tersebut, terutamanya beberapa hari lagi sebelum kontrak pintar dilancarkan di Cardano.  Malah, ada juga segelintir pihak yang menghentam pengasas Cardano, Charles Hoskinson di ruang media sosial.  Tidak seperti yang diharapkan, Hoskinson seakan tidak peduli dengan situasi pelabur dan masalah dihadapi Minswap: “Kami tidak bertanggungjawab dengan keadaan Minswap dan tiada apa yang perlu dibaiki. Ia tidak bermasalah.”  Apa yang berlaku dengan Minswap?  Pada 4 September, Minswap telah melaporkan concurrency atau isu beberapa komputasi secara serentak hingga menyebabkan mereka terpaksa menangguhkan testnet mereka.  Sejak bersiaran di testnet Cardano, Minswap menerima aduan berkaitan dengan masalah penukaran token dan penyediaan liquidity.  Menyedari ramai yang menyalahkan Cardano, Hoskinson menepisnya dan menjelaskan sentimen negatif ini didorong oleh golongan yang FUD.  Sebenarnya, kejadian ini membuktikan lagi risiko kesan perdagangan di DEX ketika fasa testnet. DEX Cardano, SundaeSwap Labs juga memberi jaminan ini sekadar isu sementara memandangkan ianya normal untuk ekosistem baru.  Dijangka Minswap akan kembali beroperasi dalam beberapa minggu lagi.

2021-09-10Deep Dive

Ukraine Hanya Tinggal Selangkah Jadikan Kripto ‘Sah’ Di Sisi Undang-Undang

Berdasarkan laporan Kyiv Post, 276 penggubal undang-undang Ukraine memilih untuk mengundi rang undang-undang aset digital bawah klausa 3637. Hal ini dapat membolehkan penerimaan kripto yang lebih meluas dan penggubalan peraturan kripto.  Presiden Volodymyr Zelensky mengesahkan hal ini dan mengulas bahawa undang-undang baru akan menawarkan perlindungan kepada pelabur aset kripto dan bursa kripto.  Menurut Kementerian Transformasi Digital, Ukraine berhasrat membuka pasaran kripto untuk perniagaan dan pelabur pada tahun 2022. Namun untuk merealisasikan hal tersebut, parlimen mesti meluluskan usulan.  Setakat ini, kripto tidak boleh digunakan sebagai medium transaksi untuk pembelian mahupun penjualan barangan. Namun para pelabur boleh melakukan jual beli di bursa kripto dalam negara. Undang-undang baru akan membenarkan perniagaan berkaitan kripto dan blockchain beroperasi secara sah di Ukraine, yang merancang untuk menarik pelaburan ke dalam negara.  Dalam masa yang sama, kerajaan turut merancang untuk mewujudkan badan pengawalseliaan lain yang akan mengeluarkan permit untuk syarikat kripto. Menurut Mykhailo Fedorov, Menteri Transformasi Digital Ukraine, perdagangan kripto sangat popular dalam kalangan orang Ukraine, dengan jumlah harian sekitar $ 37,000.

2021-09-10Deep Dive

Produk Pelaburan Pertama Solana (SOL) Dilancarkan!

Jelas Osprey, ini merupakan produk pelaburan pertama Solana (SOL) yang wujud dalam pasaran Amerika Syarikat.  Tidak terhenti hanya di sini, firma tersebut juga merancang mahu menyenaraikan dana Solana di pasaran OTCQX secepat yang mungkin, malah bersetuju untuk memansuhkan kos pengurusan sebanyak 2.5% kepada para pelaburnya sehingga Januari 2023.  Selain Solana, Osprey Funds turut menawarkan produk amanah Bitcoin (BTC), Polkadot (DOT), dan Algorand (ALGO).  Sebelum ini, Grayscale juga ada mendedahkan pihak mereka dalam perancangan untuk melancarkan produk amanah SOL tetapi masih belum menunjukkan tanda-tanda untuk ke arah itu.  CEO Osprey juga menunjukkan keyakinannya terhadap Solana, mendakwa rangkaian ini merupakan sebuah teknologi yang berpotensi kerana keunikkannya berbanding blockchain yang lain.  Seperti yang dijangka penganalisis Intraday, Solana sekali lagi melakarkan harga tertinggi sepanjang masa (ATH) dengan rekod tengahari semalam, $216.

2021-09-10Deep Dive

Rupanya 2 Faktor Ini Mengundang Prestasi Terbaik Algorand (ALGO)

Algorand tidak teragak-agak mempamerkan rekodnya tersendiri dengan beberapa faktor berikut;  El Salvador Pilih Algorand  El Salvador memilih blockchain Algorand untuk membantunya membangunkan infrastrukturblockchainnya yang tersendiri.  Ini membuka minat dalam kalangan pihak kerajaan dan institusi besar kerana peranannya terhadap matawang bank pusat (CBDC).  Algorand juga turut akan menyokong stablecoins yang popular: USD Coin (USDC) dan Tether (USDT)  Perkembangan Sektor NFT dan DeFi  Algorand Foundation dalam perancangan untuk melancarkan ciri pentabdiran untuk pemilik token yang dijangka akan bersiaran pada 1 Oktober.  Ini memberi peluang kepada pengguna untuk menentukan perkembangan platform pada masa akan datang.  Barisan pembangun projek juga sedang berusaha untuk membangunkan aplikasi kewangan desentralisasi (DeFi) dan non-fungible token(NFT), sekaligus ini akan menarik lebih ramai pelabur menyertai ekosistem mereka.  Berdasarkan rekod semasa ALGO, aset ini memiliki lebih 38% sebelum mencapai rekod ATH terdahulu dan meneruskan lonjakan pada masa akan datang.

2021-09-10Deep Dive

El Salvador’s Largest Bank Will Support Bitcoin for Loans, Credit Cards and Other Services

Bancoagricola is supporting a broad variety of Bitcoin-related services in El Salvador thanks to a partnership with payments startup Flexa.  The use of Bitcoin in El Salvador has not had the best of starts. Still, financial institutions are already doing their best to comply with the law.  Bancoagrícola, the countrys largest financial institution, is among the first banks to include Bitcoin-compatible technology solutions and is already adapting its infrastructure to offer Bitcoin services thanks to a partnership with digital payments startup Flexa.  Bancoargícola and Flexa Partner to Bring Bitcoin to the Banks  According to an official Press Release shared by Flexa, the integration of both parties will allow Salvadorans to use basic banking services regardless of whether they choose Bitcoin or dollars.  The startup mentioned that Bancoagrícola began supporting Bitcoin for loans, credit cards, and merchant goods and services in an attempt to comply with the Bitcoin Law as soon as possible.  The Bitcoin Law, introduced by President Bukele in June and approved a few hours later by the countrys pro-Bukele congress, stipulates that Bitcoin will be recognized as a legal tender, being of mandatory acceptance by any economic agent with the minimal means necessary to use it.  Since Bitcoin operates outside the banking structure, the government

2021-09-10Deep Dive

Fidelity Director: El Salvador’s Bitcoin Adoption Is Slightly Overplayed

El Salvador made history earlier this week when it became the first country to officially accept Bitcoin as a legal tender. While the community rejoiced about the significance of the news, Fidelitys Director of Global Macro – Jurrien Timmer – said the move had been overplayed.  BTC Adoption in El Salvador is Overplayed  Three months after the surprising announcement that the country will adopt Bitcoin, El Salvador officially went into the history books on September 7th as it made the cryptocurrency a legal tender within its borders.  Being the first nation to do so, it urged prominent community members to highlight the importance of the move, and some even argued that other countries should follow suit.  However, the move, which was met with enhanced criticism by organizations like the IMF, also expanded outside the cryptocurrency ecosystem. Popular names continue to weigh in on whether or not El Salvador made the right move.  The latest to opine is Jurrien Timmer – an executive with Fidelity Investments. Speaking to CNBC, he called it a “new and interesting development,” but believes the significance of it is “a little bit overplayed.”  “It‘s not like El Salvador has dropped the US dollar as its peg – it’s not like it switched

2021-09-10Deep Dive

Bitcoin May Collapse, Swedish Central Bank Warns

The Swedish Central Bank compared cryptocurrency and Bitcoin trading to stamp collecting and selling. The governors main concern was the inability of digital assets to function and develop further without the support of financial regulators or the government.  According to Stefan Ingves, the governor of the Swedish Central Bank, private money will face a massive loss on the cryptocurrency market. He made this claim at a financial event in Stockholm. At the same time, Ingves has not denied that it is possible to make a small fortune by trading Bitcoin or any other cryptocurrencies—but it is also possible by trading stamps.  Various entrepreneurs like Elon Musk and fund managers like Cathie Wood have been endorsing the digital assets market but, at the same time, some regulators and central bank governors have compared the cryptocurrency market to the typical bubble formation that will pop sooner or later.  Earlier this year, the Swedish Central Bank governor stated that Bitcoin will most likely fall under increasing regulations as its popularity grows. His statement was confirmed by the actions of multiple regulators across the world. Previously, the U.S. SEC threatened to sue cryptocurrency trading giant Coinbase for opening lending products.  Even though the largest financial regulators in the

2021-09-10Deep Dive

Can SEC’s Tough Stand on Coinbase Trigger A Crypto Market Sell-off?

A fresh brawl has emerged recently between the regulators and the crypto industry, and this time securities regulator U.S. SEC is planning to sue public-listed crypto firm Coinbase (NASDAQ: COIN). The SEC is planning for an enforcement regulation on Coinbases crypto lending business.  On Tuesday, September 7, Coinbase CEO Brian Armstrong took to Twitter expressing his dismay at the SEC action and noting that how it can harm the industry. In particular, the SEC seems to be having an issue with Coinbase offering yield returns on the USDC stablecoins.  Any major crackdown by the SEC on Coinbase can have far-reaching consequences on the entire crypto industry. Potentially, it can also trigger a major crypto market sell-off as the SEC extends its scrutiny on fiat-linked crypto stablecoins.  We have seen this happening back in 2018-2019 when regulators swept the market putting the overall crypto space under pressure for a long time. Speaking to Yahoo Finance on Wednesday, September 8, Celsius Network co-founder Alex Mashinsky said:  “I think were going through these murky waters right now and we need to get clarity and its going to take a little bit of time before we get the rules and we can start running faster.”  The crypto industry is

2021-09-10Deep Dive

101 Bored Apes NFT auction at Sotheby's closes at more than $24M

The auction of Yuga Labs 101 Bored Ape Yacht Club (BAYC) collection has smashed through expectations with a winning bid of $24.39 million.  The auction closed on Sept.10 and was hosted by the prestigious auction house Sothebys which had earlier estimated the collection would fetch between $12 million and $18 million.  The bundle of non-fungibles consists of 101 Bored Apes and three M1 and three M2 “Mutant serum” NFTs. When a Bored Ape token is combined with an M1 or M2 serum, it enables the holder to mint a new Mutant Ape NFT that keeps the same traits of the original Bored Ape but depicts it in a mutant format.  Taking the serum NFTs out of the equation as they are usually airdropped for free to holders, each Bored Ape in the collection was valued at an average price of roughly $241,000 or 69.4 Ether (ETH) at the time of publication.  The figure tallies in well above the floor price for Bored Ape NFTs on the secondary market, with data from OpenSea showing a minimum price of 38.99 ETH, worth around $135,000.  Yuga Labs also auctioned off a 101 NFT collection of its side project Bored Ape Kennel Club that closed on the same day

2021-09-10Deep Dive

Head of India's Central Bank Says Crypto Raises "Serious" Concerns

Indias Reserve Bank Governor Shaktikanta Das said Thursday that he had some major concerns about the cryptocurrency industry during an event organized by Financial Times and The Indian Express.  The central banker is seeking “credible answers” on how private cryptocurrencies of the likes of Bitcoin contribute to the countrys economy.  Despite ranking second in terms of cryptocurrency adoption, the local community continues to deal with uncertainty regarding the legal status of digital assets in the country.  In April 2018, the RBI issued a circular that prohibited financial institutions from dealing with cryptocurrencies. The ban was later lifted because of a Supreme Court decision that was made in March 2020. When lenders started flagging cryptocurrency transactions this June, they were then directed by the central bank to stop deplatforming cryptocurrency customers. Yet, the RBI retained its hawkish stance toward cryptocurrencies.  The Indian government has been pondering imposing a blanket ban on holding, mining and trading cryptocurrencies for years. Finance Minister Nirmala Sitharaman recently told The Indian Express that a decision on the draconian crypto bill would be taken soon. While there is a cloud of uncertainly hovering over Indias crypto industry, experts warn that the countrys economy will fall behind.  Central bankers aversion to crypto  Other central

2021-09-10Deep Dive
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