Crypto Guides, Knowledge & Insights

Sebab 'Bitcoin' Turun 2.23% hingga $ 39,000

Pergerakan harga Bitcoin di wilayah negatif pagi ini. berlaku selepas Kongres AS menyatakan rang undang-undang peraturan crypto dan aset digital Ini adalah undang-undang cryptocurrency. Yang paling komprehensif kedua-dua sekuriti komoditi dan menyokong pengumpulan maklumat cukai.　　Wakil Kongres A.S. Don Bayer mengatakan bahawa rang undang-undang itu akan mengatur cryptocurrency dan aset digital. Ia akan dikawal selia oleh Suruhanjaya Sekuriti dan Bursa A.S. (SEC) dan akan membenarkan Setiausaha Perbendaharaan untuk secara langsung menyekat penciptaan stablecoin oleh pengawal selia untuk menetapkan peraturan untuk kewangan yang terdesentralisasi dan berpotensi. Buat piagam pertukaran kripto antara langkah-langkah lain.　　Berhati-hati dan baca berita di WikiBit sebelum memulakan perdagangan..

2021-08-03Deep Dive

SEC Chief says he is intrigued by crypto, but can’t overlook investor protection

The Security and Exchange Commission in the US has maintained that it would work towards greater investor protection plans in the coming days. Gary Gensler during an interview with Bloomberg revealed that his deep interest in the subject wont come in the way of necessary regulatory oversight. Gensler was expected to have a crypto-friendly approach because of his deep understanding of the subject, but his early testimonies and actions indicate that he would maintain a similar stance to his predecessor.　　“While I‘m neutral on the technology, even intrigued—I spent three years teaching it, leaning into it—I’m not neutral about investor protection. If somebody wants to speculate, thats their choice, but we have a role as a nation to protect those investors against fraud.”　　Gensler also reinstated the need for bringing the crypto market under the jurisdiction of the SEC. He said there are crypto assets like Bitcoin which act as currencies but are considered a commodity, but there are thousands of other tokens which are definitely Security and thus must comply with SEC rules.　　Gensler: Regulations would boost crypto market　　The growing demand for crypto assets by retail and institutional investors alike has made many US senators demand regulatory framework and investor protection need.

2021-08-03Deep Dive

Visa vs. Mastercard: Who Will Win the Race of Full Crypto Integration?

The mass adoption of Bitcoin has led to giants in many industries incorporating crypto into their roadmap for the future. 　　Global payment giants Visa and Mastercard are at the forefront of the financial sector as both of them are coming up with new developments. 　　Visa‘s plan to acquire CurrencyCloud, a cross-border payment provider, and Mastercard’s decision to incorporate USDC are signs that both companies are crypto-friendly.　　Users and analysts laud the decision, saying it makes the lives of crypto holders easier.　　This year has been filled with news of rapid institutional adoption of Bitcoin and other cryptocurrencies. Digital assets have broken into fields where traditional finance had long dominated, along with fiat.　　Presently, big companies are competing for the title of “most crypto-friendly.” Cryptocurrency is here to stay, and its mass adoption has led to cities vying to be more crypto-friendly than the rest.　　Mastercard and Visa are global payment giants that transformed the sector by allowing people to perform international payments digitally. These titans are now at each others throats in lining up crypto-friendly policies.　　Visa to Acquire CurrencyCloud　　Visa has revealed plans to acquire CurrencyCloud, a global cross-border payment provider based on RippleNet.　　Visa values CurrencyCloud at over $960 million and already owns a large

2021-08-03Deep Dive

Hong Kong Cryptocurrency Crime on the Rise: Victims Lost Nearly $30M in 2021 So Far

The scale of losses from digital asset scams in Hong Kong surged to record levels as the local police detected 496 such cases in the first six months of this year. Victims parted with over $27 million, with one individual losing nearly $16 million.　　Crypto Scams in Hong Kong Are Booming　　According to a recent report by South China Morning Post, crimes involving virtual currencies in Hong Kong rose significantly in the first six months of 2021 and reached a total of nearly $27 million. In comparison, the losses stood at less than $15 million across the whole of last year.　　Lester Ip Cheuk-yu – Chief Inspector and head of the polices cybersecurity and technology crime bureau – explained that the main reason behind the issue is the COVID-19 pandemic. He argued that people browse the Internet much more since they work from home, and thus hackers can target them easier:　　“People have also been staying at home more, which means they spend longer on the internet, so scammers have more avenues to approach them online.”　　The local authorities estimated that the total cases of such crimes between January and July 2021 were 496. Interestingly, more than half of the $27 million registered losses were

2021-08-03Deep Dive

Cardano – The Prodigy or Prodigal Son?

Cardano has been hailed by the cryptocurrency community as the brilliant whiz kid since its launch in 2017.　　The project has an array of exceptional qualities that have endeared it to users and the crypto ecosystem at large.　　If Cardano lives up to its expectation, it could lead to the crossing of the $10 or even $25 mark.　　Cardano is the fourth-largest cryptocurrency in the world and trades at $1.26 at the moment.　　Cardano is the favorite child of the cryptocurrency family and everyone raves about the impressive qualities that the project has. This has led some analysts to state that Cardano may be the successor to Ethereum if the project ever lives up to its potential.　　So far the project has adopted a slow and steady pace in the attainment of its objectives but given its ‘prodigy’ tag, it seems the community would rather Cardano start delivering on its promises now.　　Cardano – The Prodigy　　Cardano garnered significant steam after its launch due to several reasons. The project was founded by Charles Hoskinson, a co-founder of Ethereum who had a wealth of considerable experience coming into the project. Having learned from the successes and failures of Ethereum, Cardano was designed to do things differently.　　It ditched the

2021-08-03Deep Dive

Square’s Cash App Saw 3x Revenue Increase From the Bitcoin Services in Q2 2021

The Bitcoin services on Square and Cash App saw massive growth in Q2 2021, resulting in nearly $3 billion in revenue for the company.　　Square, the financial service company run by the BTC bull Jack Dorsey, has nearly doubled its gross profit in the second quarter of 2021 compared to the same part of last year. Interestingly, a substantial part of that increase came from the companys Bitcoin-related services, which have blossomed since the start of 2021.　　 Squares Gross Profit Skyrockets　　The firm, based in San Francisco, announced the impressive numbers in its Q2 2021 report sent to investors recently. Perhaps most notably, the results show a record gross profit of $1.14 billion, which is a 91% year-over-year increase.　　Cash App, the companys payment service application available only in the US and the UK, is responsible for $546 million of the gross profits – 94% higher than Q2 2020. The differences with 2019 are even more significant, as the paper explained:　　“Compared to two years ago, inflows per monthly transacting active customer nearly doubled, and gross profit per customer was up 2.5x.”　　Square Gross Profit YoY. Source: Square　　The total revenue also went to new highs of $4.68 billion, which is 143% up YOY, and the

2021-08-03Deep Dive

Skybridge Capital becomes latest firm to buy carbon credits for its Bitcoin holdings

Skybridge Capital, a global multi-asset investment firm that has filed for Bitcoin and Ether Exchange Traded Funds (ETF), has partnered with Moss Earth to offset its carbon footprint generated from its Bitcoin holdings. The firm bought carbon credits to offset approximately 38,436 tons of carbon. The investment firm joins the growing league of crypto platforms that have bought carbon credits worth millions of dollars to ensure Bitcoin is a green investment.　　Anthony Scaramucci, Founder and Managing Partner of SkyBridge said the step was intended to ensure ESG-focused investors dont shy away from Bitcoin. He said,“We project that bitcoin mining will be fully renewable by the end of the decade. In the interim, carbon offsets represent an effective way to green the bitcoin network and facilitate adoption by ESG-minded investors.”　　MOSS is a credible name in the voluntary carbon offset market and was introduced to Skybridge by One River, another Bitcoin institutional fund. MOSS made use of a conservative formula to determine the amount of carbon footprint left by the investment firm. MOSS also called Skybridges carbon offset plan the largest ever carried out by an institutional investor.　　Crypto Exchanges Spend Millions on Metting Carbon Emission Goals　　Crypto exchanges have decided to make the Bitcoin

2021-08-03Deep Dive

NFT Craze Erupts, With CryptoPunks Trading Volume Surging 1,270% in Just One Week

The non-fungible token (NFT) project CryptoPunks is seeing a massive surge in trading volume over the last seven days.　　DappRadar, which tracks and analyzes decentralized apps, shows that the punk-movement-inspired crypto project hit over $120 million in trading volume for a 1,270% surge over the last seven days.　　CryptoPunks, one of the first NFT projects on Ethereum (ETH), is a collection of 10,000 24×24, 8-bit-style pixel art images of male and female characters inspired by the London punk movement of the 1970s. Each CryptoPunk is unique, but some have rarer features than others.　　After launching the project in 2017, Larva Labs, the creator of the project, initially offered the CryptoPunks for free to anyone with an Ethereum wallet.　　According to Larva Labs, the total value of all CryptoPunk sales stands at 263,180 ETH, worth about $670.29 million.　　The CryptoPunk mania began on Friday as one unknown Ethereum whale initiated a buying spree of the digital characters. A look at the whales Ethereum wallet shows that the entity spent between 24 ETH to 29 ETH to purchase a single CryptoPunk. Larva Labs shows that the deep-pocketed investor now owns 104 CryptoPunks.　　Friday also saw some of the biggest individual sales for the project, with CryptoPunk#5217 fetching 2,250

2021-08-03Deep Dive

Miami Set to Launch Its Own Cryptocurrency, Reward Users in Bitcoin

In brief　　Miamis own cryptocurrency, MiamiCoin, will launch tomorrow.　　The cryptocurrency will essentially allow people to invest in Miami by buying the coin.　　Money raised will be used to fund projects and events in the city.　　Miami will launch its very own cryptocurrency tomorrow, MiamiCoin, which will be used to fund infrastructure projects or events in the city.　　The idea is that people will support Miami by buying or mining MiamiCoin, and funds will be diverted to the citys treasury.　　MiamiCoin will be the first CityCoin released. CityCoins is a project that allows people to invest in a city by buying tokens. It works with local governments so those who invest are rewarded in Bitcoin or Stacks, the native cryptocurrency of the eponymous protocol used to build things on the Bitcoin blockchain.　　“MiamiCoin provides an ongoing crypto revenue stream for the city, while also generating STX and BTC yield for $MIA holders,” the CityCoins website reads.　　“MiamiCoin can be mined or bought by individuals who want to support the Magic City and earn crypto yield from the Stacks protocol. MiamiCoin additionally benefits holders by allowing them to Stack and earn yield through the Stacks protocol.”　　Anyone can mine MiamiCoin (or other CityCoins, when released.) If the project takes

2021-08-03Deep Dive

Ethereum miner revenue higher than Bitcoin's for third month running

Ethereum miners have seen higher revenues than Bitcoin miners for three months in a row, the longest stretch in history.　　According to The Blocks Data Dashboard, Ethereum miners brought in $1.03 billion in revenue during July, a slight decline from the previous month.　　In their turn, Bitcoin miners brought in $971.8 million in revenue last month — more than $100 million compared to June.　　While transaction fees have remained a significant source of income for Ethereum miners, the same cannot be said for Bitcoin. Transaction fees accounted for just 3.1% of Bitcoin mining revenue last month.　　Mining revenue is a dollar value estimate of the proceeds made by blockchain miners. Its calculated by taking the current mining rewards, plus transaction fees per block and multiplying that by the price of the asset during the month. It does not take into account any costs, such as electricity, other operating costs or taxes paid by miners.

2021-08-03Deep Dive

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