Crypto Guides, Knowledge & Insights

NFT Meme Doge Ini Bernilai Lebih RM1.6 Bilion

Fractional.art adalah sebuah platform khusus jual beli NFT yang telah dipecahkan atau lebih tepat disebut sebagai fractionalized.　　Pecahan NFT tersebut kini dilelongkan sebagai token DOG di protokol terbaru SushiSwap, MISO dan Fractional.art bermula semalam waktu tempatan.　　Ini bermakna, semua orang mampu memiliki NFT tersebut melalui pemilikan token DOG. Ketika penulisan, satu unit DOG didagangkan pada $0.024.　　Pemiliknya, PleasrDao masih kekal sebagai pemilik asal memandangkan mereka memiliki sebahagian besar pemilikan NFT tersebut.　　Lelongan yang diadakan melibatkan cuma 20% bekalan, iaitu 3.4 bilion DOG daripada jumlah keseluruhannya, 16.9 bilion.　　Manakala, lebihan 25% token DOG diperuntukkan kepada program komuniti DOG dan perkembangan pada masa akan datang.　　Berdasarkan nilai semasa DOG, NFT tersebut sudah mencecah nilai setinggi $407.3 juta (RM1.6 bilion). Sebelum ini pada Jun 2021, ia terjual dengan harga $4 juta sahaja.　　Sebagai rekod, pemilik asal gambar tersebut dikenali sebagai Atsuko Sato dan anjingnya itu dinamakan dengan Kabosu, baka daripada Shiba Inu.　　Pada bulan lepas, sebuah lagi NFT Kabosu bertajuk ‘Feisty Doge NFT’ menyaksikan lonjakan nilainya sehingga $110 juta selepas ‘dipecahkan’, menjadi antara karya NFT termahal dunia.

2021-09-06Deep Dive

Uniswap Disiasat Oleh SEC

Ripple bukanlah satu-satunya yang menjadi buruan pihak SEC. Terkini turut terpalit ialah Uniswap Labs, syarikat yang menjadi tulang belakang Uniswap Decentralized Exchange (DEX) yang popular tersebut. Berdasarkan laporan di Wall Street Journal, maklumat dalaman mendapati bahawa SEC sedang meneliti sejarah pengguna dan bagaimana platform tersebut digunakan oleh para pelabur.　　Siasatan ini baru berada pada peringkat awal, justeru ia tidak semestinya berakhir dengan tuduhan serius jika terbabit dalam kesalahan. Walau bagaimanapun, siasatan yang dilaporkan berlaku hanya beberapa hari setelah SEC menandatangani perjanjian kerjasama dengan firma analitik blockchain bagi membantu siasatan ekosistem Defi. Pengerusi SEC Gary Gensler memberi penekanan bahawa pasaran Defi harus dikawalselia dalam wawancara sebelumnya.　　Uniswap adalah protokol DEX terkemuka yang menyumbang lebih dari satu bilion dolar dalam jumlah dagangan harian, dan ini telah menarik perhatian SEC.　　Sebagaiamana dapat diperhatikan, pentadbiran A.S pada ketika ini semakin komited untuk mengawalselia kripto. Antrara buktinya ialah, pindaan pada bahagian cukai kripto dalam rang undang-undang infrastruktur.　　Uniswap telah memberi respon dengan mengatakan bahawa mereka akan memberi komitmen untuk mematuhi undang-undang dan peraturan yang mengatur industri kripto dan memberikan informasi kepada pengawal selia.　　Siasatan kini berada peringkat awal namun SEC telah menujukkan niat jelas untuk memantau pasaran Defi.

2021-09-06Deep Dive

7 Important NFT Trends You Should Know About

The non-fungible token (NFT) marketplace is seeing a scorching return in activity, setting a number of hot trends across the landscape of digital ownership.　　Despite a sharp dropoff in the $2.5 billion in sales generated through NFTs in the first half of 2021, the marketplace for digital collectibles is undergoing a revival. Concerns over Ethereums sustainability and rising fees led to a pause in the growing hype for NFTs, but the digital marketplace has managed to rebound in the last few weeks.　　According to a report by Decrypt, the NFT marketplace is establishing a series of trends in digital ownership, starting with membership in exclusive clubs.　　High profile celebrities and wealthy investors are shelling out millions of dollars to purchase a piece of the Bored Ape art collection, including NBA star Steph Curry. Wealthy investors are turning their purchased NFTs into a status badge on Twitter by using their Bored Ape and CryptoPunk photos as profile pics.　　The report claims several large companies are now dipping their toes into the NFT market, including Visa and Budweiser, both of which have recently announced purchasing an NFT. The companies are reportedly using the move to test the water for expanding their brands into digital collectibles.　　Fractionalized NFTs

2021-09-06Deep Dive

Bolt From The Past: The Mt. Gox Incident

Mt. Gox was once the largest bitcoin exchange in the world, processing 70% of BTC transactions around the world.　　The exchange garnered notoriety in 2014 after revealing that almost 800,000 BTC was stolen from its hot wallets.　　The incident was one of the earliest scandals that plagued the nascent cryptocurrency industry and threatened the existence of Bitcoin.　　In 2014, Bitcoin faced one of the sternest tests in its history after Mt. Goxs 800,000 BTC was lost to hackers in a move that left many investors scratching their heads. Seven years later, we take a look at the iconic events that led the exchange to shut down its operations.　　 Mt Gox – A Behemoth Of Its Era　　The domain name for Mt. Gox was first owned by Jed McCaleb and was originally designed to be a platform for trading cards from the fantasy game, Magic: The Gathering Online. A few years later, Jed handed ownership of the platform to Mark Karpeles after converting it into a Bitcoin exchange.　　In no time, the exchange grew to be the largest in the world and at its peak, handled over 70% of all BTC transactions. However, with great power comes great responsibility. Mt Gox was soon faced with lawsuits

2021-09-06Deep Dive

Bitcoin Will Encounter Little Resistance On Its Journey To $100,000, Says Bloomberg’s Mike McGlone

Bitcoin will continue its bull run that started in August, and after standing successfully to the recent psychological resistance at the $50,000 mark, it may cruise to the $100,000 mark with minimal resistance. This is an opinion from Bloomberg analyst and strategist Mike McGlone.　　BTCUSD Chart By TradingView　　Aside from McGlones predictions yesterday, metrics from analysts indicate that the long-term accumulation that has been taking place since May this year may be in the works to propel prices higher.　　“After enduring a gut-wrenching correction, we see the crypto market more likely to resume its upward trajectory than drop below the 2Q (second quarter) lows. What could stop Bitcoin and Ethereum from achieving record highs in 2H (second half) may be the more elusive question. Increasing demand and adoption are facing diminishing supply.”　　McGlone joins several people who predict an upward gain for crypto prices although JPMorgan has warned that the market was looking frothy and the prices may not be as sustainable in the long run. According to JPMorgan analysts, factors that stand for BTC price uplift include continued interest from the masses and investors.　　McGlone joins Netherlands-based analyst PlanB whose stock-to-flow model based on Bitcoins scarcity, puts the current price peak between $100,000 and

2021-09-06Deep Dive

Adoption: You Can Now Pay For Parking Tickets In Bitcoin Across Europe

Seety, SHOP.COM, and Worldline are the latest companies to accept digital assets as a means of payment.　　The Belgian digital parking start-up – Seety – allowed customers of the application to pay for parking sessions in Antwerp and Brussels with Bitcoin (BTC). Apart from the primary cryptocurrency, the option includes six other digital assets such as Ethereum (ETH) and Dogecoin (DOGE).　　Separately, the e-commerce giant ShopCom has allowed its customers to make purchases with various cryptocurrencies as well.　　Park Your Car – Pay in Crypto　　According to a report by the local media DataNews, the Belgian application – Seety – enabled clients to purchase parking tickets with cryptocurrencies. As of the moment, the offer applies only to the cities of Brussels and Antwerp.　　Customers who want to take advantage of the new crypto option should purchase Seety credits via the app. Currently, they can employ seven different cryptocurrencies. Namely, those are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Dai (DAI), and USD Coin (USDC).　　Founded by Hadrien Crespin and Nicolas Cognaux, Seety is a digital parking application that operates not only in Belgium but also in France, Luxemburg, and the Netherlands. It has more than 350,000 active members and expects a revenue

2021-09-06Deep Dive

Web 3.0 Is Coming, and Crypto Will Be Essential to It

First, it was decentralized finance (DeFi), then it was non-fungible tokens (NFTs), and now it seems as though the Next Big Thing in crypto might be Web 3.0. While somewhat vague, this term refers to making the Internet more ‘intelligent’ in various ways, from using AI to proactively respond to user queries to using decentralization to unlock novel functions and experiences.　　And given that decentralization is likely to be one of the core properties of Web 3.0, this means that cryptoassets and blockchain will also play a similarly pivotal role. In fact, industry players speaking with Cryptonews.com suggest that crypto will be central to Web 3.0, with cryptoassets serving to create a new system of incentivization and coordination for decentralized internet services.　　In particular, crypto might help foster a new Web 3.0 ecosystem characterized by distributed work protocols, decentralized infrastructure and user-owned creator platforms, among other nascent trends. Of course, the industry will need to focus on improving and simplifying user experiences before they can expect to attract a significant level of adoption.How important will crypto be to Web 3.0？　　Originally (i.e. before crypto), Web 3.0 was regarded as a stage in the Internet‘s evolution that would be defined by the ’Semantic Web.

2021-09-05Deep Dive

Best cryptocurrency to invest in for the Long Term

New Delhi: The year 2021 has been the year of cryptocurrencies. As the crypto market saw a major gain in the first half of the year, the craze for the coins kept on increasing. Big companies like Apple, Google, Tesla, Samsung, Facebook, and Paypal have recently included cryptocurrencies in their long-term strategic plans.　　A few years back Who would have thought that Bitcoin will touch the $62,000 mark which eventually attracts tons of investors to the market. Some of them were lucky who got onto this fun ride while some are still not able to make their mind.　　At this moment the crypto market is in a recovery phase after a huge dump in the past. Bulls are aiming to take full control of the market. So if you are looking to invest in the market for long term then you should consider these coins before they just shoot up.　　BITCOIN (BTC)　　BTC is the worlds most famous and largest cryptocurrency. Satoshi Nakamoto, who is still anonymous, created BTC in 2009. It is a decentralized digital currency that can be sent from one to another by using a peer-to-peer BTC network without any intermediaries.　　It has a supply of 21 million maximum coins and till

2021-09-05Deep Dive

JPMorgan: Crypto Markets, Fueled by Retail Buying Frenzy, are Once Again in a Bubble

Earlier this week, investment bank JPMorgan released investor notes suggesting that the cryptocurrency markets have become bloated again, with market conditions appearing more bubble-like than anticipated. “Cryptocurrency markets [are] looking frothy again,” the investment note read. 　　The note, which was released last Wednesday, suggested that retail investors’ appetite for digital assets skyrocketed alongside traditional equities. 　　Retail demand spiked to record highs, thanks to historically low interest rates and the Fed’s dovish outlook for the remainder of the year. Analysts at JP Morgan estimated a net flow of $13 billion into the U.S. stock market in August alone — up substantially from $16 billion in July. Increased Retail Demand for Crypto Played Major Role in Recovery, JP Morgan　　The JPMorgan research team asserted that the massive influx of capital had also found its way into cryptocurrencies. It’s certainly possible that a retail buying frenzy played a key role in the resurgence of the crypto markets late into summer. 　　Heavyweights Bitcoin (BTC) and Ethereum (ETH) plummeted over 50% following their all-time highs back in May. Prices began to recover in late July, with BTC and ETH rallying approximately 55% and 90%, respectively. 　　The gains of the two largest cryptocurrencies, however, pale in comparison

2021-09-05Deep Dive

Loot Holders Get $51K AGLD Airdrop Because NFTs

Despite being less than 48 hours old, a new currency is already emerging as a blockchain gaming powerhouse: adventure gold (AGLD) is riding the buzz of Loot, the latest non-fungible token (NFT) craze to captivate traders imaginations.　　While AGLD currently has no playable game and no official development team, that hasn‘t stopped traders from piling into AGLD – a token designed for a text-based NFT gaming project itself barely a week old. AGLD’s fully diluted market cap has climbed to $375 million at the time of writing, now rivaling big-budget blockchain games like Illuvium‘s ILV and The Sandbox’s SAND in value.　　Major exchanges have also jumped on the text-based fantasy NFT wagon, with crypto exchange FTX listing AGLD spot and derivatives trading just 30 hours after the launch of the currency.　　Much like the original Loot project, the value accrual has been both torrid and questionable, with some speculating as to how high AGLD can fly and questions swirling as to if the open-source community rallying around Loot and AGLD can iterate fast enough to justify the stratospheric prices.Buyers galore　　Following last weeks release of NFT project “Loot (for Adventurers),” a host of related projects have sprung up as part of an ever-expanding fantasy

2021-09-05Deep Dive

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