Crypto Guides, Knowledge & Insights

Twitter Lantik Pembangun Kripto Sebagai Ketua Projek Media Sosial Desentralisasi ‘Bluesky’

Bluesky merupakan sebuah organisasi dan inisiatif yang diperkenalkan oleh CEO Twitter, Jack Dorsey pada 2019. Ia ditubuhkan dengan tujuan membina standard desentralisasi untuk media sosial termasuk Twitter.　　Jelas Garber, bersama dengan beberapa individu yang pakar dalam pembangunan dan pencetus idea, mereka merancang untuk mewujudkan pasukan Bluesky dan bekerjasama dengan Twitter, termasuk beberapa syarikat lain.　　Ketika idea Bluesky diumumkan, Dorsey mendedahkan cabaran rangkaian media sosial yang terpaksa hadapi termasuklah:　　Dasar global pengawasan berpusat untuk penyalahgunaan alamat dan informasi yang mengelirukan　　Peralihan dari hosting kandungan dan melumpuhkan algoritma rekomendasi　　Kandungan yang mencetuskan kontroversi berbanding interaksi yang sihat dan berinformasi.　　Dengan kewujudan teknologi baru, pendekatan desentralisasi menjadi lebih mudah. Misalnya, blockchain telah menawarkan beberapa penyelesaian terdesentralisasi bagi hostings, urus tadbir, termasuk peluang menjana kewangan.　　Dorsey sejak awal lagi sudah menunjukkan minatnya terhadap teknologi kripto. Pada Julai, figura itu telah mengumumkan projek wallet Bitcoin (BTC) dan platform DeFi Bitcoin. Tidak cukup dengan itu, Dorsey turut memberi hint bakal integrasikan Twitter dengan Bitcoin.

2021-08-18Deep Dive

KuCoin Brings Trading Bot to Web Users to Optimize Investment Methods

The KuCoin Trading Bot solution provides numerous benefits to cryptocurrency traders, including convenience, efficiency, and powerful strategies. More importantly, this new tool is accessible to users regardless of their trading experience, as it is designed in such a way to help many people improve the overall profitability of their traders. Currently available through the KuCoin App, and the web, users can experiment with the different options at their disposal.　　KuCoin has several critical reasons for launching this new free product. First of all, the team wants to bring professional investment tactics to everyday crypto traders and users. Trading Bot has simple yet effective trading strategies. Its AI-based parameters will help users gain more profits, and the solution can learn to become better. For traders, it removes the need for spending hours upon hours of researching market opportunities.　　“Unlike other financial markets, crypto trading occurs on a 24/7/365 scale. Human traders cant keep up with the ongoing changes,” said Johnny Lyu, CEO of KuCoin Global, “KuCoin acknowledges that its Trading Bot tool will solve the problem of needing sleep and trading based on emotions. It is a passive approach to trading cryptocurrency and maximizing ones potential profit. Traders will have more time to

2021-08-17Deep Dive

Bitcoin Rangebound Near $50K Resistance; Support at $40K

Bitcoin (BTC) is stuck in a sideways range as the short-squeeze rally takes a breather. Buyers could start to take profits ahead of the $50,000 resistance level, although support around $40,000-$42,000 could stabilize a pullback.　　The worlds largest cryptocurrency by market value was trading around $46,900 at press time and is roughly flat over the past week.　　The relative strength index (RSI) on the daily chart is declining from overbought levels, which typically precede price pullbacks. The RSI has a slight negative divergence with price as upside momentum wanes.　　Bitcoin is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.　　Support is seen around the top of the prior two-month consolidation phase between $40,000 and $42,000. A successful re-test of these levels could yield further upside towards $50,000 and $55,000.

2021-08-17Deep Dive

Binance Wants Former Abu Dhabi Global Market Head as Asia CEO: Report

Binance, the crypto exchange that has come under increasing regulatory scrutiny worldwide, is in talks with the former head of the Abu Dhabi Global Market to take charge of its Asia business, Bloomberg reported Tuesday, citing people familiar with the matter.　　Richard Teng was approached by the worlds largest crypto exchange about serving as CEO of its Asian operations, Bloomberg said.　　It is not clear whether Teng has accepted the role.　　Teng was the CEO of Abu Dhabi Global Market for six years until March.　　He also spent more than seven years as chief regulatory officer of the Singapore Exchange, following 13 years with the Money Authority of Singapore.　　Binance has been more proactive in dealing with regulators amid the heightened scrutiny from regulators around the world in recent months. Last month, CEO Changpeng Zhao announced the company is seeking someone with a strong regulatory background to replace him.

2021-08-17Deep Dive

Bitcoin and Ethereum Dip While Polkadot and Solana Rally

Bitcoin price made another attempt to surpass the USD 48k resistance. However, the bulls failed to gain strength, resulting in a drop below USD 47k. BTC even traded below USD 46,500 and it is currently (04:00 UTC) showing a few bearish signs.　　Similarly, most major altcoins are correcting gains. ETH topped twice near USD 3,325 and it started a downside correction. XRP failed to surpass USD 1.30 and corrected lower to USD 1.20. On the other hand, DOT rallied over 15% and it broke the USD 25 resistance.　　Total market capitalizationBitcoin price　　After another rejection near USD 48,000, bitcoin price started a downside correction. BTC corrected lower below USD 47,000 and USD 46,500. It even retested the USD 45,500 support level. The bulls are now protecting additional losses, with an immediate resistance at USD 47,000. The main resistance is still near USD 48,000, above which the price could start a strong rally.　　An initial support on the downside is near USD 46,000. The first key support is now forming near the USD 45,500 level. Any more losses may possibly lead the price towards USD 44,200.Ethereum price　　Ethereum price also followed a similar pattern and declined from the USD 3,325 resistance zone. ETH broke the USD

2021-08-17Deep Dive

Regulators do not consider the use of bitcoin to pay taxes feasible

The arrival of bitcoin (BTC) to Central America as legal tender by the hand of El Salvador, after the enactment of a law that allows the use of cryptocurrency in the economy of that nation, has made nearby countries such as Costa Rica expose their positions on crypto assets.　　In that sense, Rodrigo Cubero, president of the Central Bank of Costa Rica, issued a document called “Some considerations around digital currencies and crypto assets.” Among other things, it ensures that the Ministry of Finance of that country, does not see viable the use of cryptocurrencies for the payment of tax obligations, according to the current legal system.　　To reinforce the idea of the Ministry, Cubero considers that it would not be “desirable” either, for financial and fiscal reasons, due to the “high volatility shown by the value of crypto assets, compared to legal tender”.　　The Costa Rican official also stated that volatility represents a “strong inconvenience” for the use of cryptocurrencies as a unit of account; that is, to express the price of goods and services.　　However, Cubero explains that the use of bitcoin is allowed in his country, even if it does not represent legal tender. Anyone wishing to acquire crypto assets does

2021-08-17Deep Dive

How Microsoft And Alibaba Will Use Ethereum Against Piracy

Developed by tech giants Microsoft, Alibaba, and Carnegie Mellon University on top of the Ethereum public blockchain, Project Argus is set to reduce internet piracy. The partners recently released a report on the project, its objectives, and potential applications.　　As the paper describes, companies, such as Microsoft, Apple, and others, spend a lot of time and money trying to prevent piracy and intellectual property theft. These programs are used to have people provide information on entities or individuals committing these illegal activities.　　The success of these “anti-privacy” campaigns is usually limited due to several issues, mainly the lack of trust from the public.　　Therefore, the partners proposed Argus, a “fully transparent incentive system” that allows its users to launch anti-piracy campaigns with the Ethereum blockchain. Thus, increasing the effectiveness of this campaign by tackling its core problems: fairness, opaqueness, credibility criteria.　　As the paper claims, the piracy problems and the campaigns to prevent it are comprised of 3 main parties, the owner of a copyright-protected product, the informants looking to profit, and the perpetrators of the activity. The interests of these parties can be different.　　Thus, Argus would fill in the role, already carried out by some companies, of operating as an “unbiased contract” solution

2021-08-17Deep Dive

Alibaba launches NFT marketplace for copyright trading

Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property.　　The new NFT marketplace, dubbed “Blockchain Digital Copyright and Asset-Trade,” can be accessed via Alibabas Auction platform. NFTs launched via the platform will be issued on the “New Copyright Blockchain” — a distributed ledger technology platform centrally operated by the Sichuan Blockchain Association Copyright Committee.　　According to an Aug. 17 report from the Alibaba-owned news publication, South China Morning Post (SCMP), the marketplace hopes to target writers, musicians, artists, and game developers.　　The marketplace is already live, hosting several NFTs that are set to be auctioned next month. Bidders must post a deposit of 500 yuan (roughly $77) to participate in auctions. Each upcoming auction has set a reserve price of $15 each.　　Buyers can view their collections via crypto portfolio application, Bit Universe, which is integrated into WeChat.　　Commenting on the new marketplace, SCMP reporter Josh Ye tweeted that “although the technology itself does not prevent unauthorised copying. Sales include complete ownership of works purchased through the platform.”　　Many NFTs on display do not articulate what rights are afforded to purchasers, with one NFT even appearing to depict unlicensed

2021-08-17Deep Dive

Twitter Chooses Ex-Zcash Dev to Head Bluesky Project

Former Zcash developer Jay Graber has announced that she will be heading Bluesky, Twitters social media decentralization project.　　 Jay Graber Will Lead Bluesky　　Graber announced on Twitter today that she will lead the project.　　Graber said that she has been working with individuals from the decentralized social media ecosystem “over the past year.”　　She also authored Blueskys recent ecosystem review, which was published in January and covered several blockchain standards.　　Graber contributed to Zcash, a prominent privacy coin, until 2018. She is also involved with InterRep, a social media reputation service funded by the Ethereum Foundation.　　She is additionally the founder of Happening Inc, a social media platform designed for event planning and scheduling.　　Still No Clear Goals　　To date, Twitter has said little about its goals with Bluesky since it first announced the project in late 2019.　　Twitter CEO Jack Dorsey mentioned blockchain in his original Bluesky announcement, but the project has not confirmed that it will actually work with blockchain technology as opposed to broader social media decentralization standards like ActivityPub.　　Graber‘s experience with cryptocurrency is a possible sign that Bluesky will indeed work with blockchain. Nevertheless, her involvement reveals little about Bluesky’s plans for an actual product.　　Graber says that Bluesky is still developing gradually, stating that

2021-08-17Deep Dive

Why is Walmart Looking For a Cryptocurrency Expert?

Walmart, the retail giant‘s latest job posting has sent the crypto market abuzz as the firm is looking for a cryptocurrency product lead. The firm seeks a crypto expert who would drive the company’s customer needs and design products based on those needs. The official posting read,　　“We are seeking a visionary leader who has a history of leading and scaling businesses. You will have a proven track record of building innovative solutions to customer problems by leveraging new technologies and customer insights.”　　Source: Linkedin　　The Walmart job posting comes just weeks after Amazons Bitcoin payment integration turned out to be fake. While it is not clear what exactly the retail giant has in mind about the new hiring, but the focus on product partnership and building customer demand-based crypto services could lead to Walmart accepting crypto payments beyond advertisements and gimmicks.　　Would People be Able to Shop at Walmart With Crypto？　　The Crypto payments option seems to be the first probable result of the new hiring. Walmart had earlier filed for a stable token during the same time frame as Facebook announced its Libra project. The retail payment demand for Bitcoin and cryptocurrencies has skyrocketed this season with several retail payment processing giants such

2021-08-17Deep Dive

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