Crypto Guides, Knowledge & Insights

3 Solana Meroket Lebih $130!

Sebelum ini lonjakan Solana dikhabarkan berpunca daripada pelancaran Degenerate Ape Academy di rangkaian itu ketika pasaran non-fungible token (NFT) sedang hangat.　　Bagaimanapun, kali ini pergerakan positif SOL semalam rupanya didorong oleh rakaman teaser “Ignition” yang dimuatnaik di laman Twitter rasminya pada 28 Ogos.　　Ignition, sebuah hackathon maya dengan ganjaran sehingga $5 juta dilaporkan berlangsung bermula 31 Ogos sehingga 8 Oktober 2021. Sebagai rekod, ini merupakan projek hackathon yang ke-4 diusahakan oleh Solana, satu peluang dibuka kepada developers menjalankan eksperimen dan manfaatkan blockchain Solana dengan mencipta projek berkaitan kewangan desentralisasi (DeFi), permainan blockchain, Web3, dan NFT.　　Lagi dua khabar baik mengaitkan pergerakan harga Solana:　　24 Ogos – pengurusan aset digital, Osprey Funds telah mendaftar dana Solana dengan Securities and Exchange Commission (SEC).　　25 Ogos – Pyth Network bersiaran di Solana. Pyth Network merupakan penyedia data bersumberkan dari bursa dan firma perdagangan, dan pada masa yang sama meliputi aktiviti pasaran global.　　Pyth juga dikatakan akan menggunakan protokol komunikasi cross-chain Solana, Wormhole untuk menyiarkan data pasaran dengan aplikasi desentralisasi (dApps) yang berfungsi di Ethereum, Binance Smart Chain, dan Terra.　　Tidak hairanlah tiga faktor tersebut mengundang kegilaan harga Solana dalam masa beberapa hari sahaja!

2021-09-02Deep Dive

3 Angka! Solana Kukuh Kedudukan Dalam Top-10

Beberapa faktor dilihat memacu Solana kekal mencatat lonjakan yang drastik dan kini kembali menyinari pasaran kripto dengan prestasi memberangsangkan.　　Solana juga telah mempamerkan peningkatan melebihi 500% daripada paras terendah $22 yang sering kali diuji pada dagangan Mei sehingga Julai.　　Melihat kepada carta SOL/USDT, pergerakan harga telah pun ‘meroket’ ke paras ketinggian sepanjang masa (ATH) terbaharu di paras harga $130.11.　　Namun menjelang penghujung pasaran Ogos, harga sedikit menyusut ke zon RBS (resistance become support) $100 yang berkemungkinan didorong oleh aktiviti profit taking.　　Penurunan harga itu dilihat sedang membuat HL (higher low) yang terbaharu sebelum meneruskan rentak kenaikan yang lebih tinggi.　　Lonjakan yang lebih drastik akan diperhatikan pada paras ATH $130.11 untuk ditembusi sebelum menjangkau jangkaan dalam mencapai paras $150.　　Tetapi tidak mustahil untuk harga kembali menyusut ke paras yang mungkin lebih rendah sedikit sekitar zon RBS seterusnya pada $80-$84 bagi menentukan arah berikutnya.　　Adakah SOL mampu memperoleh nilai pasaran dua kali ganda lagi untuk menduduki top-5 di CoinMarketCap berdasarkan rekod prestasi yang terus gah pada ketika ini？

2021-09-02Deep Dive

Growing Adoption, Bitcoin Bulls Make Big Comeback

Bitcoin predictions of $100,000 or more for Bitcoin are back in fashion thanks to the revival of the crypto market. For now, others think the fast-evolving financial asset will have a wider trading range as growing adoption comes to play.　　With regards to the US Dollar, bitcoin prices began to steadily climb above $49,000. The price of bitcoin at the time of writing this report was now above $49,500 and it could move even higher.　　On the hourly chart of the Bitstamp data feed of the Bitcoin/USD pair, there was a break above a crucial bearish trend line with resistance near $47,750 price levels.　　Furthermore, media reports that Bitcoin tipping will be available on Twitter have notably increased buying pressure. This would allow users to reward content creators with Bitcoin.　　Despite beta testing by a few users, Twitter has not announced when the upgrade will be officially launched for the general public.　　This could lead to continued rises in the flagship crypto if the price stays above the $49,000 support zone. The $49,850 price level is an immediate resistance on the upside. Near $50,000, there is the first significant resistance.　　Price could rise further if the $50,000 level is breached. From the swing high of $46,678

2021-09-02Deep Dive

Four Major Central Banks Conducting Cross-Border CBDC Payment Trials

In the latest report on Thursday, September 2, Reuters noted that four major central banks will be conducting cross-border CBDC payment trials. This includes the central banks of Australia, Singapore, Malaysia, and South Africa.　　The pilot projects from these four central banks will determine whether if CBDC transaction settlements are easier and cheaper. Governments and economies across the globe have accelerated their work on central bank digital currencies (CBDC).　　Top economies like China have already accelerated their CBDC developments in the market. Besides, China has also started the cross-border testing of its Digital Yuan with Hong Kong.　　All these developments are currently in the primary stage. But it certainly highlights the upcoming shift in the global payments infrastructure. However, the technical implementation and use of CBDCs on the world map need to be verified and tested.　　In this latest experiment, these four leading central banks will be testing the CBDC cross-border payments with their respective national currencies. Leading the scheme is the Innovation Hub of the Bank of International Settlements (BIS), reported Reuters.　　The Benefits of Using CBDCs　　The latest project of the four central banks involves building prototype shared platforms for doing cross-border payments using multiple CBDCs. Thus, financial institutions will be able to transact

2021-09-02Deep Dive

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs).　　The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot‘s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments.　　Project Dunbar will be carried out in partnership with the Bank for International Settlements (BIS) Innovation Hub from its Singapore Center. The project will engage multiple partners to develop different DLT platforms and explore different designs that would enable central banks to share CBDC infrastructure.　　A joint announcement emphasizes the efficiency savings associated with distributed ledger technology (DLT)-based payments, stating:　　“These multi-CBDC platforms will allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks, eliminating the need for intermediaries and cutting the time and cost of transactions.”　　　　Assistant Governor of the Reserve Bank of Australia (RBA) Michele Bullock highlighted that “enhancing cross-border payments has become a priority for the international regulatory community,” adding that the RBA is “very focused” on the matter in its

2021-09-02Deep Dive

SEC Chief Gary Gensler Says This Could Make Crypto Platforms “Irrelevant”

The US Securities and Exchange Commission chief Gary Gensler in a recent interview with Financial Times talked about the cryptocurrency ecosystem and how the agency plans to regulate it. Gensler during his interview acknowledged the pace at which the crypto ecosystem is growing and currently above $2 trillion valuations. However, he also noted that the vastness of the crypto market calls for regulations, otherwise it may fear losing public trust and become irrelevant.　　Gensler stressed that the road to success for the crypto market is through regulations as it would make it more trustworthy. He explained,　　“At about $2 trillion of value worldwide, [the crypto market is] at the level and the nature that if it‘s going to have any relevance five and 10 years from now, it’s going to be within a public policy framework. History just tells you, it doesnt last long outside. Finance is about trust, ultimately.”　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.　　Gensler over the past month has reiterated the same stance about the need for strong investor protection regulations in the crypto market. However, the agency or the chief hasnt really done much beyond the suggestions until now. Recently the SEC chief

2021-09-02Deep Dive

Binance.US Could Go Public in Three Years, Changpeng ‘CZ’ Zhao Says: Report

Changpeng ‘CZ’ Zhao, CEO of Binance, one of the worlds largest exchanges, says its U.S. affiliate is eyeing an initial public offering within three years.　　According to a report by The Information on Wednesday, Zhao said “Binance.US is just going to do what Coinbase did” by following in the footsteps of Brian Armstrongs exchange.　　The move to go public would be a boon for the embattled Binance brand, with several countries having announced investigations into or published warnings against Binance.　　A spokesperson for Binance confirmed with CoinDesk that Zhao had revealed a projected timeline during an interview with the publication and underscored his response as being dependent on market factors.　　Asked during the interview about a clear sense of what the timing would be for Binance.US‘s initial public offering, Zhao said it depended on the business’ growth.　　“So if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,” he said. “If there‘s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”　　Zhao had first brought the idea that its U.S. affiliate was eyeing an IPO during his time at the Redefine Tomorrow event in

2021-09-02Deep Dive

Former CFTC Chair Giancarlo Exits BlockFi Board as States Crack Down on Firm

In brief　　Christopher Giancarlo is known as “Crypto Dad.”　　He is being replaced on the BlockFi board by Ellen-Blair Chube.　　Christopher Giancarlo, who chaired the U.S. Commodity Futures Trading Commission (CFTC) from 2017 and 2019 as part of a five-year term as commissioner, is stepping down from the board of crypto lender BlockFi.　　A press release from the company today said that Ellen-Blair Chube, managing director of the William Blair financial services company, will replace him. Giancarlo “will continue to provide strategic counsel to the firm in an advisory role,” the release noted.　　“The best is yet to come for BlockFi and I know that as crypto assets take a more prominent role in both retail and institutional investors strategies, BlockFi will be there to lead the way,” Giancarlo said in a statement.　　BlockFi has come under fire by state securities regulators of late—four states have ordered it to cease offering its signature BlockFi Interest Accounts to its residents.　　Giancarlo, who earned the moniker “Crypto Dad” for his friendly approach to digital assets, joined the BlockFi board in April, when the fast-growing firm was riding high on Bitcoins bull run. The company, which offers interest on cryptocurrency deposits and provides loans, earned $350 million in Series

2021-09-02Deep Dive

Dogecoin Foundation Clarifies Its Relationship With Dogecoin 2.0

Dogecoin 2.0 is a new project that has recently entered the meme coin community. The coin promotes itself as the upgraded Doge. A DeFi token on the BSC chain, it is not hard for investors to mistake the token for the original Doge. This has promoted the Dogecoin Foundation to put out a statement to clarify its relationship to the new Dogecoin 2.0 project.　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.　　Dogecoin And Dogecoin 2.0 Are Two Separate Tokens　　The Dogecoin Foundation posted on its website clarifying that Doge 2.0 had no affiliation whatsoever with the original Doge. It outlined that concerned community members had brought the existence of the former to its notice. Seemingly wanting to know if they were a part of the original Doge project. Even though the Doge 2.0 calls itself the Doge upgrade, it is in no way built off of or has ties to the original Doge.　　The foundation expressed support for new projects in the community. But needed to protect its community from projects that could mislead them to think they were investing in the original project. To this end, the foundation has asked is brand protection lawyers to contact the

2021-09-02Deep Dive

How scammers are exploiting the NFT mania

The crypto industry has always been plagued by opportunistic scammers, from those running Twitter giveaways to ones airdropping tokens as bait, which steal all your tokens if you try to move them.　　Now, with NFTs selling like proverbial (and digital) hotcakes, hucksters have shifted their tactics to exploit this growing market — and their efforts appear to be working.　　There are two main ways that they are seeking to gain access to ones wallet and whatever tokens are held therein.　　Pretending to provide support services　　One key tactic has been to pretend to provide support services on behalf of NFT marketplace OpenSea.　　This technique is effective because there are so many issues with NFTs, ranging from checking whether a collection is official or not, with NFTs not showing up in wallets, or sometimes they will show up with incorrect attributes. These types of issues demand help, and as a result, confused buyers will seek support from either the NFT issuer or the marketplace with which theyre dealing.　　What happens is typically the NFT buyer will reach out for help in messaging platform Discord, which has grown to be the hub of NFT activity and conversations.　　The problem: its trivial for someone to set up an account named

2021-09-02Deep Dive

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