Crypto Guides, Knowledge & Insights

How this NFT project is bringing gamification and customization to everyone

Creating digital packs that contain NFTs was once extremely expensive and consultancies would charge thousands of dollars to use their sophisticated software. However, time moves fast in the blockchain world and the founder of NeftyBlocks, Juan Paniagua with his co-founder José Andrade, wanted to create their own solution for a fun Alpacaworlds NFT collection on the WAX Blockchain.　　They did this and then decided to put the service online for free for any other artists to use.　　This resulted in the start of NeftyBlocks, a web application that allows artists to easily manage their collections on the WAX blockchain. It is built on top of the AtomicHub marketplace, meeting the most commonly used EOSIO NFT standards. 　　“Basically, we provide the tools for artists to create drops and gamify their collections.”　　Artists must first go to AtomicHub, create their templates and mint their NFTs. They must also get their collection verified or white labelled which proves that the NFTs are not stolen, plagiarised or otherwise inappropriate. 　　The next stop is NeftyBlocks, where anyone can configure NFT packs and create drops, building in different rarities. NeftyBlocks also offers blends which is a gamification mechanic where the collectors can combine different variants of the NFT collection

2021-08-26Deep Dive

BILLIONAIRE SIMON NIXON SEEKS BITCOIN EXPOSURE

British billionaire Simon Nixon, co-founder of price-comparison site moneysupermarket.com, is looking to invest more into Bitcoin and crypto, Bloomberg reported.　　Adam Proctor, managing director of Nixons Seek Capital, said the London-based firm is set on increasing its “allocation to crypto as we feel it is an important area for the future.”　　Seek Capital is looking to hire an analyst to focus on Bitcoin and crypto, Proctor told Bloomberg. Family offices such as Seek Capital are increasingly fielding questions about Bitcoin and are increasingly venturing into buying the asset as mainstream adoption grows.　　A recent Goldman Sachs survey found that “nearly half of the family offices the bank does business with want to add digital currencies to their stable of investments,” Bloomberg reported in July.　　Billionaire Mike Novogratz has also invested heavily in Bitcoin through his investment bank, Galaxy Digital Holdings, which has recently filed for a Bitcoin ETF.　　Simon Nixons interest in purchasing more bitcoin comes after another Billionaire, Ricardo Salinas Pliego has begun buying and publicly advocating for it as a hedge against inflation and global governmental monetary mismanagement and fraud.

2021-08-26Deep Dive

Cryptocurrencies Are Positively Impacting The Lives And Pockets Of Billions Of People Across Third-W

Amidst the rising problems with their native fiat currencies, whether hyperinflation or excessive volatility, many populations throughout third-world nations are opting for cryptocurrencies as a viable alternative.　　The warp-speed growth of Bitcoin, Bitcoin Cash, and other cryptocurrencies across regions lagging economically, primarily stems from innovative initiatives undertaken by several crypto brands to boost and promote financial inclusion, making it easier and convenient for the locals.　　As the use of smartphones and the internet is increasing rapidly across third-world countries, innovative crypto-backed solutions are spearheading the efforts to give more control to users. This ongoing effort will further democratize finance and impact the lives of billions of people who until now had no access to financial services and solutions.Crypto Brands Lower The Barriers For Individuals & Businesses　　During the Covid-19 pandemic, there was an overall decrease in unbanked populations throughout the world. However, not many have benefited from this development, primarily due to the hefty costs involved in fiat and crypto transactions.　　To cater to these problems, fintech and crypto startups are making significant strides. Take, for instance, the not-for-profit fintech brand hi. Owned and operated by the Singapore-based hi Foundation, hi leverages blockchain technology to offer community-powered services. The platform enables users to send

2021-08-26Deep Dive

AAX Becomes First Exchange To Switch To Satoshi Standard

The AAX crypto exchange has announced shift to Satoshi trading standard to alleviate Bitcoin price highwall barrier, according to a Mondays announcement.　　The AAX exchange is making the SAT-USDT trading pair available starting from August 25 with minimum trade volumes in Bitcoin standing at 0.1 USD at no fees. The transition to the Satoshi standard is being made to lighten market entry barriers for new users and foster the adoption of Bitcoin among communities of unbanked and retail investors with relatively low amounts of capital.　　The shift and integration of the Lightning Network into the AAX exchange come in light of intensified discussions within the decentralized asset trading community about the need to consider the price of Bitcoin as the main barrier to its adoption. The transition to SAT is meant to allow a larger number of potential investors to partake in trading and promote the use of BTC as a means of payment worldwide, as Toya Zhang, Deputy COO of AAX, believes.　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.　　Zhang has also called on other exchanges to adopt the new standard and break the perception barrier among average investors about the inaccessibility of Bitcoin as an asset

2021-08-26Deep Dive

Cardano’s First Regulatory Compliance Solution Launches, Igniting Hopes for $ADA’s ‘Mass Adoption’

The first analytics/compliance solution for the Cardano network has gone live after the Cardano Foundation, a Swiss-based non-profit foundation that oversees the advancement of the cryptocurrency, selected blockchain analytics firm Confirm to deploy anti-money laundering and combating the financing of terrorism (AML/CFT) analytics on it.　　According to a press release, the partnership will allow the Cardano network to be able to be in full compliance with the Financial Action Task Force‘s (FATF’s) guidelines as well as “other supranational and national regulations.”　　Mel McCann, Head of Technical Integration at the Cardano Foundation, was quoted saying:　　AML/CFT analytics is essential for a cryptocurrency to receive mass adoption within regulated markets.　　McCann added that the tools and services Confirm will provide enable “every exchange, custodian, and all other third-parties to clearly track the history of ADA held in their wallets.” The move is part of the Cardano Foundations strategic plan to increase the institutional capabilities of Cardano.　　Confirm will not only be providing AML and CFT analytics for Cardano‘s native Ada token, but also for every other asset minted on the cryptocurrency’s blockchain. Its tool will help law enforcement agencies and third-party Virtual Asset Service Providers support victims of theft on the blockchain.　　The press release details these solutions

2021-08-26Deep Dive

BITCOIN NETWORK SMASHES RECORD AMID HUGE PRICE SURGE

Bitcoin saw a record amount of cryptocurrency transferred through its network this week – more than two thirds more than it experienced during the price run that took it to an all-time high back in April.　　More than $188 billion worth of bitcoin was transferred on Tuesday, according to figures from blockchain data firm Glassnode, amid a buying frenzy that took its value above $50,000 for the first time since May.　　Other leading cryptocurrencies – including Ethereum (ether), Cardano (ada) and Binance Coin – have also seen remarkable price increases in recent days, pushing the overall cryptocurrency market cap from $1.9 trillion to $2.1tn in less than a week.　　The gains come after a major downturn between May and July, which saw the market cool off following a record-breaking run in the first four months of 2021.

2021-08-26Deep Dive

Criminal Organizations, Mafia Groups Increasingly Turning to Crypto

Mafia groups and criminal organizations are increasingly using cryptocurrencies, according to the Italian Anti-Mafia Directorate (DIA), an Italian anti-Mafia police force that spoke to German outlet Zeit Online.　　“All criminal organizations, including those of the Mafia type, have an interest in using these instruments for their business,” a DIA spokesperson told Zeit Online. For their personal safety, the spokesperson was not identified.　　The DIA recently published a report that covers organized crime in Italy during the first six months of 2020, the most recent period for which data is available.　　“Ndrangheta, the countrys strongest and most powerful criminal syndicate, are growing more and more attuned to modern tools like cryptocurrency and the deep web,” the DIA said in the report.　　The report added that cryptocurrencies are being used to anonymously pay for synthetic drugs like ecstasy or LSD, a trade that has grown amidst the COVID-19 pandemic.　　This is far from the first time cryptocurrencies and the dark web have been used to facilitate crime. But in 2020, dark web vendors made more money than ever before.　　For more blockchain news, please download WikiBit - the Global Blockchain Regulatory Inquiry APP.　　　　Cryptocurrency and the dark web　　A December 2020 Chainalysis report found that while dark web markets were

2021-08-26Deep Dive

Selepas Ini ‘Novi’ Facebook Bakal Menyokong NFT Pula

Perkara itu didedahkan sendiri oleh ketua kewangan Facebook, David Marcus semalam.　　Melalui wallet Novi, Facebook mahu penggunanya turut dapat mengakses fungsi penyokongan terhadap NFT bukan hanya semata-mata matawang kripto seperti Bitcoin (BTC) dan altcoin yang lain.　　Bagaimanapun Marcus tidak menjelaskan secara terperinci jenis produk berkaitan NFT yang bakal ditubuhkan.　　Menyentuh tentang wallet Novi, pelancarannya terpaksa ditangguhkan sehingga matawang digital Diem menerima kelulusan daripada pihak penyelia. Sedia maklum, dari awal lagi Diem berhadapan dengan tekanan daripada pihak penyelia dan penggubal undang-undang.　　Sebelum ini pihak mereka bersetuju untuk melancarkan Novi terlebih dahulu tanpa Diem. Bagaimanapun, keputusan itu terpaksa ditarik memandangkan kedua-duanya diperlukan dalam usaha mengubah cara orang ramai membuat pembayaran.　　Diam merupakan stablecoin yang menawarkan transaksi keseluruhan dunia dengan kadar yang laju pada kos yang rendah.

2021-08-26Deep Dive

Jerung Ambil Peluang ‘Kaut’ Lebih Banyak BTC Di Tengah Pembetulan Harga

Manakan tidak, sejak dua menjak ini disaat harga BTC merundum sedikit, firma itu melaporkan telah membeli lebih banyak Bitcoin. Syarikat gergasi yang berpangkalan di AS itu membeli lebih dari 3,900 BTC.　　Dilaporkan kini memiliki hampir 109,000 bitcoin setelah syarikat itu membeli 3,900 BTC dengan harga berjumlah hampir $177 juta. Dengan kata lain, firma itu memilik pegangan lebih 0.6% daripada jumlah BTC yang ada.　　Pengasas dan Ketua Pegawai Eksekutif MicroStrategy, Michael Saylor telah mengumumkan pembelian terbaru pada 24 Ogos. Pembelian itu hasil daripada penjualan kemudahan ATM. Selepas pembelian semasa, MicroStrategy kini memiliki sebanyak 108,992 unit BTC.　　Pada bulan Julai yang lalu, Michael Saylor menyatakan bahawa syarikatnya tekad untuk menambahkan pegangan BTC walaupun mencatat kerugian pada suku kedua 2021 disebabkan penurunan harga.　　Saylor dalam masa yang sama turut mengatakan bahawa beliau belum lagi terdesak untuk menjual pegangan Bitcoin beliau ataupun simpanan BTC syarikat walaupun harga BTC menjunam.

2021-08-26Deep Dive

Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion

Around 6% of Bitcoins circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.　　According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrencys supply.　　Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC (worth $32 billion). CoinShares XBT Provider ranks second with 48,466 BTC ($2.4 billion) representing 0.23% of supply. The 12 remaining issuers represent 113,313 BTC or 0.54% of thesupply combined.　　The data provider also tracks 34 public companies that hold BTC on their balance sheets, which collectively command 1% of Bitcoins supply.　　Half of all Bitcoin held by public companies is in the possession of MicroStrategy, which after adding 3,907 Bitcoin to its stash since the start of July, now holds 108,992 BTC worth $5.3 billion.　　Electric vehicle manufacturer Tesla accounts for 20% of the Bitcoin held by private companies, with the firm having accumulated 42,902 BTC worth nearly $2.1 billion.　　Private companies have absorbed another 174,068 BTC worth $8.5 million, cornering 0.83% of Bitcoins supply. Roughly 80% of BTC stashed away by private companies is held by

2021-08-26Deep Dive

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