Crypto Guides, Knowledge & Insights

SEC Ugut Saman Coinbase

Difahamkan Coinbase bakal melancarkan program terbaru, ‘Lend’ yang menawarkan pulangan hasil tahunan sebanyak 4% melalui pinjaman stablecoin, USDC dan dijangka akan dilancarkan dalam beberapa minggu lagi.　　Namun apa yang mengundang emosi Coinbase ketika ini, setelah 6 bulan mengadakan perbincangan dengan SEC, secara tiba-tiba agensi itu mengeluarkan Wells Notice.　　Untuk pengetahuan, Wells Notice atau surat rasmi merupakan pengumuman yang akan ada tindakan dikenakan terhadap sesebuah syarikat atau pekerja.　　SEC mendakwa program terbaru Coinbase itu merupakan sekuriti dan mengugut akan menyaman bursa itu jika Lend diteruskan.　　Keadaan semakin keruh apabila Coinbase menuntut penjelasan, SEC tidak mahu menerangkan lebih lanjut. Sebaliknya, agensi itu menuntut beberapa rekod penting dan mendapatkan testimoni daripada pekerja Coinbase.　　Menurut Armstrong, beberapa firma kripto yang turut menawarkan program sama telah meminta SEC untuk memberi penjelasan berkaitan isu tersebut.　　Jika benarlah seperti apa yang didakwa Armstrong dalam twitnya, ia satu khabar buruk untuk BlockFi dan Celsius yang sedari awal telah menawarkan produk hasil kripto.　　Buat masa sekarang tiada sebarang komen daripada SEC berkaitan dakwaan pengasas Coinbase itu.

2021-09-09Deep Dive

After El Salvador, Pressure Increases for Competing Nations To Acquire BTC: Whistleblower Snowden

Former Central Intelligence Agency (CIA) employee and famed whistleblower Edward Snowden commented on the implications of Bitcoin (BTC) being adopted as a currency by El Salvador yesterday.　　According to the cybersecurity expert, competing nations may regret hesitating to also adopt Bitcoin.　　“Bitcoin was formally recognized as legal tender in its first country. There is now pressure on competing nations to acquire Bitcoin – even if only as a reserve asset – as its design massively incentivizes early adoption. Latecomers may regret hesitating.”　　Privacy advocate Snowden is not alone in his claim, with influential institutions such as JP Morgan and the Central American Bank for Economic Integration (CABEI) in agreement with his prediction.　　Despite doubting whether El Salvador would benefit economically from Bitcoin use, JP Morgan suggested that the move might be “the beginning of a broader trend among similarly situated, smaller nations.”　　CABEI notes that “the world is moving in a highly digitalized direction,” and executive president Dr. Dante Mossi acknowledged the organization‘s intent to bolster El Salvador’s new initiative.　　“We are preparing an expert-led technical assistance package to support the countrys economic authorities, harmonizing the needs of users, helping to prevent illicit activities, and avoiding any undesirable impact on financial stability and monetary policy.”　　Some of

2021-09-09Deep Dive

Standard Chartered Values Ethereum at $26k to $35k ‘Structually’

In a recent report published by English bank Standard Chartered, analysts structurally value Ethereum at “USD 26,000- 35,000” while also predicting that Bitcoin will reach 170k.　　Standard Chartered: Why ETH beats Bitcoin for Investment　　The financial service giant‘s report, titled “Ethereum Investor Guide,” explains the network’s value proposition while comparing and contrasting it with the Bitcoin network. Based on their research, analysts Geoff Kendrick, Christopher Graham, and Melissa Chan state that “Structurally, we ‘value’ Ethereum at USD 26,000- 35,000”.　　However, they also recognize that Ethereum will likely not reach that price until Bitcoin begins trading “at the top of our valuation range,” which they place at $175,000.　　That said, the analysts ultimately expect Ethereum‘s market cap to “catch up” Bitcoin’s. They make this prediction based on measures of the industry market caps which they envision each network replacing:　　“For ETH, we compare value of global banks against the value of global credit-card companies to establish ETHs value relative to BTC. Based on this, we estimate a potential value for ETH of USD 35 000 (10X the current level).”　　The report also recognizes a “much wider set of use cases” for Ethereum. While Bitcoin is regarded as “Digital Gold,” ETH is noted for being able to support

2021-09-09Deep Dive

S Korean MP Tells Gov’t: ‘Don’t Let a Crypto Monopoly Emerge’

A South Korean ruling party lawmaker has urged the government to prevent Upbit, the nations market-leading crypto exchange, from creating a de facto “monopoly” – insisting that Seoul should ensure the survival of “at least three or four” rival exchanges.　　As previously reported, Upbit is so far the only exchange in the country to have submitted its official application to become a licensed trading platform operator after sealing a deal with the neobank K-Bank. The latter has established a lucrative and successful partnership with Upbit in recent months.　　But although industry insiders have told both Cryptonews.com and members of the domestic press that Upbits three biggest rivals – Korbit, Bithumb, and Coinone – could be ready to submit their own documentation to the regulator before the week is out, thus far Upbit remains the only exchange on track to stay open after a September 24 deadline.　　Per Asia Kyungjae, Noh Woong-rae, the Democratic Party MP for the affluent Seoul district of Mapo and a fierce critic of President Moon Jae-ins administration, stated that allowing “at least” the aforementioned exchanges to survive would benefit customers.　　Noh was quoted as warning:　　“If a monopoly market emerges, a cryptocurrency exchange could list or delist coins at will, or

2021-09-09Deep Dive

Here Is Why SEC Is Not Allowing Coinbase to Launch Lending: Evan Van Ness

WeekInEthereumNews founder Evan Van Ness suggested that U.S. regulators may be somewhat reasonable regarding Coinbase launching lending products. According to Van Ness, the cause of the SECs behavior may be rumors about the commissioner going after BlockFi, which is acting as an unlicensed hedge fund.　　Previously, Coinbase CEO Brian Armstrong revealed the companys complicated communication process with the SEC regarding the new lending product that the company has planned to launch later this year. According to the thread on the Coinbase CEOs Twitter account, the SEC is being “unclear” about the legal guidelines.　　Since the SEC is going after BlockFi, it cannot disclose the real reason behind the limitation of Coinbases activity in the DeFi industry. According to Coinbase, the SEC has also required the company to disclose all potential customer data in order to function legally in the country. Obviously, in order to do that, Coinbase would have to put in place mandatory KYC for all of its users on both current and future platforms and products.　　BlockFi is also a financial services company that is developing various cryptocurrency investment solutions for private investors like interest-earning accounts, crypto-backed USD loans and non-existent fee trading. According to the companys website, BlockFi is looking

2021-09-09Deep Dive

Bitcoin-Hungry Ukraine Moves to Legalize Cryptocurrency

In brief　　The Ministry of Digital Transformation drafted legislation that would legalize cryptocurrency within Ukraine.　　The bill has passed a major hurdle on the way to becoming law.　　The Ukrainian Parliament today voted to make cryptocurrency legal within the country and allow crypto exchanges to officially operate in the country.　　Cryptocurrencies, including Bitcoin, have heretofore been in a legal gray area in Ukraine, the seventh-most-populous country in Europe. Nonetheless, blockchain data firm Chainalysis ranked Ukrainians the top adopters of cryptocurrency in the world in September 2020.　　If the bill indeed is signed into law, banks will be free to take on crypto company accounts, while citizens who own it will have legal protections in case of theft.　　The Ministry of Digital Transformation, created in 2019 to improve digital literacy and online access, drafted the legislation and will be responsible for implementing the law, which is expected to go into effect this fall after the tax code is amended and the president signs the legislation.　　Ukraines nominal GDP isnt proportional to its population, ranking 23rd of 46 countries, according to a 2019 report from the International Monetary Fund. The Ministry would like to drive that number up by attracting crypto businesses.　　“In particular, the adoption of specialized legislation

2021-09-09Deep Dive

Solana Surpasses XRP Amid Unstoppable Rally

Solana (SOL), the native cryptocurrency of the Solana blockchain, has surpassed Ripple-affiliated XRP by market capitalization, according to data provided by coin ranking site CoinMarketCap.　　The high-flying coin is currently valued at $53 billion after a stunning rally, climbing to sixth place.　　Image by coinmarketcap.com　　SOL is now up an astonishing 8,429% year-to-date. Despite the recent market sell-off, the cryptocurrency is up another 6% today.　　Image by tradingview.com　　XRP, on the other hand, is one of the very few major cryptocurrencies that failed to log a new all-time high during this bull run.　　With a sword of Damocles hanging over it, XRP is still down 67% from its January peak of $3.40.　　As reported by U.Today, XRP left CoinMarketCaps top five for the first time since 2014 this February.　　For more blockchain news, please download WikiBit - the Global Blockchain Regulatory Inquiry APP.

2021-09-09Deep Dive

Robinhood Introduces Recurring Crypto Investments

Robinhood has announced that it will introduce recurring cryptocurrency investments on its trading platform.　　Buy Crypto for $1 Per Day　　The feature allows retail investors to purchase cryptocurrency on a daily, weekly, or monthly basis at amounts as little as $1.　　The company cited market volatility as a reason to use the feature, suggesting that recurring investments can help investors “reduce the stress of timing the markets” and achieve long-term growth.　　Robinhood also suggests that users will pay no fees, potentially making this strategy more profitable than other sites that charge up to 4% trading fees. However, Robinhood also notes elsewhere that investors may receive less than their recurring investment amount to “help protect against dramatic price moves.”　　Robinhood also offers recurring investments for stocks and other traditional investments, a feature that it has offered since May 2020.　　Robinhood Is Not the Only Option　　Though Robinhoods new feature has attracted plenty of publicity, it is not the only crypto trading platform to offer the feature. Coinbase, Gemini, and Binance.US also offer the feature.　　Incidentally, Binance‘s global exchange introduced recurring investments just days before Robinhood’s own announcement.　　Robinhood has historically been criticized for the fact that, although it allows cryptocurrency purchases, it does not allow investors to withdraw those assets

2021-09-09Deep Dive

Faktor Ini Punca Lonjakan Quant (QNT)

Perkembangan saling kendali　　Perlancaran Overledger 2.0.5 pada 7 September menjadi kunci utama kepada penambahbaikan saling kendali yang menghubungkan ekosistem institusi dan perusahaan dengan stablecoins, DeFi, NFT, dan beberapa aset digital standard ERC20 dan ERC721 untuk penyelesaian.　　Melalui Overledger Payment API ini juga pembayaran DeFi multi-teknologi lejar diedarkan (multi-DLT) dapat dijalankan dengan menggabungkan produk peminjaman dan staking dengan pilihan penyelesaian baharu.　　Penawaran insentif　　Quant telah melancarkan program untuk menarik lebih ramai pembangun menyertai ekosistem mereka.　　Idea ini diinspirasikan oleh beberapa rangkaian seperti Polkadot (DOT), Ethereum (ETH), dan Cosmos (ATOM) yang ligat menawarkan insentif kepada pembangun yang berminat, sekaligus mencipta komuniti aktif hingga menjayakan rangkaian mereka.　　Penyenaraian di bursa utama　　Dagangan QNT akhirnya dibuka di platform Coinbase dan Binance hingga menyebabkan jumlah dagangannya meningkat daripada $9 juta kepada lebih $740 pada 6 September.　　Di Coinbase, QNT turut disenaraikan bersama beberapa token lain seperti BarnBridge (BOND) dan Livepeer (LPT).　　Bagaimanapun, QNT mencatatkan penyusutan ketika artikel ini ditulis susulan daripada kejatuhan harga Bitcoin (BTC).

2021-09-08Deep Dive

Harga BTC Tiba-Tiba Jatuh Merundum

Kejatuhan harga ini berlaku pada hari El Salvador ditetapkan untuk menerapkan Bitcoin sebagai legal tender. Dengan ini El Salvador menjadi negara pertama yang mengorak langkah berani seperti ini. Bitcoin sebentar tadi telah jatuh 16% dan didagangkan pada paras harga $ 43,228.11.　　Leah Wald, CEO Valkryie Investments berpendapat sebahagian para pelabur memberi reaksi terhadap berita tersebut.Wald berpendapat bahawa ketika langkah ini pertama kali diumumkan ia tidak memberi impak besar pada harga seperti yang diharapkan oleh segelintir pihak. Hal ini mungkin kerana kurangnya cakna dari populasi luar. Namun harus diketahui, negara El Salvador memiliki kadar kemiskinan yang tinggi dan tidak ramai yangn memiliki capaian internet atau telefon pintar untuk ikut serta dalam penggunaan bitcoin.　　Sebagai sebahagian daripada undang-undang baru, perniagaan akan diminta untuk menerima bitcoin sebagai transaksi mendapatkan barang dan perkhidmatan kecuali yang tidak dapat mengguna pakai teknologi tersebut.　　Negara ini telah membeli 400 bitcoin bernilai kira-kira $ 20 juta dan menyalurkan $30 kepada rakyat Salvador yang berdaftar.　　Rentetan ini telah muncul gerakan yang menyeru orang ramai membeli bitcoin bernilai $30 dalam mata wang fiat tempatan mereka untuk memperingati undang-undang baru El Salvador. Pelan ini adalah bagi memndorong orang ramai untuk membeli bitcoin berbanding untuk mendorong ‘pump’ harga bitcoin sebagaimana pandangan penganalisis.　　“Apa yang paling perlu diperhatikan

2021-09-08Deep Dive

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