Crypto Guides, Knowledge & Insights

Cardano report: Full centralization and global financial inclusion with support from Wave Financial

Wave Financial Group recently partnered with Cardano (ADA/USD) on an in-depth report, Cardano: From Ideation to Manifestation, with outlooks and insights on key trends in blockchain and crypto. The report covers the DeFi landscape and the ‘three horsemen’ of blockchain – scalability, interoperability, and sustainability as well as Cardano‘s solution through Wave’s unique cFund. This is an early-stage, crypto-native hedge fund that takes a venture capital approach to drive Cardano expansion.　　Achieving inclusion worldwide　　Development of Cardano was launched by Input Output Global (IOG) with the mission to bring about worldwide financial inclusion. IOG‘s goal in building and testing the blockchain has been to ensure scalability, interoperability, and sustainability of the network. A lofty goal indeed, but if it’s achieved, the network can transform into powerful new economic infrastructure, giving the worlds unbanked and underbanked population unprecedented access to critical financial services.　　Built to handle large and complicated DApps　　Are you looking for fast-news, hot-tips and market analysis？ Sign-up for the Invezz newsletter, today.　　Ethereum (ETH/USD) has a hegemony in the DeFi space at the moment, but the number of limitations in this network‘s infrastructure is increasing. Gas prices have risen along with Ethereum’s market share in DeFi. Escalating demand has made it very costly

2021-08-08Deep Dive

Whales Bitcoin Pupus Dah Ke ?

Jelas individu tersebut, penurunan jumlah golongan berpunca apabila mereka menjual sejumlah besar BTC kepada pelabur kecil sejak 2012.　　Walaupun penjualan yang berlaku menunjukkan sentimen bearish bagi sesetengah pihak, Woo menjelaskan ia merupakan satu tindakan yang baik untuk prestasi jangka panjang BTC:　　“Sudah tentu ia petanda yang baik. Mereka lakukannya demi desentralisasi. Dimana-mana sahaja anda boleh nampak golongan ini menjual atau membeli BTC. Dan jika anda berminat dengan Bitcoin dari 763 mikrosen sehingga $42,000 selama 12 tahun, sudah tentu anda berminat dengan whales yang mengurangkan pegangan mereka dan lebih ramai memilikinya.”　　Woo juga berkongsi tentang golongan yang mula muncul dalam pasaran ini. Dia menyifatkan golongan ini memainkan peranan penting dalam kitaran pasaran semasa:　　“Terdapat peningkatan jumlah golongan yang memiliki lebih 100 BTC atau dikenali sebagai dolphin sharks. Mereka ini adalah firma pengurusan kekayaan swasta dan hedge funds. Majoriti aset humpback whales dibeli oleh mereka.”　　Perkongsian daripada Woo menunjukkan pengedaran aset BTC dalam rangkaian ini berjalan dengan baik dengan pembahagian yang sama rata. Ia jelas menunjukkan konsep pemilikan yang desentralisasi.

2021-08-08Deep Dive

Bitwise Launched crypto funds for Uniswap and Aave, are the tokens worth buying?

Uniswap UNI/USD is one of the most popular decentralized trading protocols which is known for its role in facilitating automated trading in decentralized finance (DeFi).　　Aave AAVE/USD is a decentralized finance protocol that allows people to easily lend as well as borrow cryptocurrencies where lenders can earn interest through depositing digital assets into specially created liquidity pools and borrowers can use their crypto as collateral and take out flash loans.　　The Bitwise investment as a catalyst for growth　　On August 3, Bitwise is a $1 billion digital asset manager and said that many clients are demanding a lot more exposure to DeFis biggest names. They are adding two funds for decentralized finance (DeFi) protocol tokens, including AAVE and UNI to their lineup of investment vehicles.　　That being said, the new funds by the California-based manager can invest directly into one of those specific two tokens.　　That being said, after this announcement, AAVE‘s market cap increased by 3%, while Uniswap’s market cap increased by 10%.　　Should you buy Uniswap (UNI)？　　As a point of reference, its all-time high was on May 3 with a value of $44. This is a difference of 52%.　　To get a better perspective of its recent developments, we will be analyzing its performance in

2021-08-07Deep Dive

Elrond Menjadi Blockchain Eropah Negatif Karbon Pertama

Elrond, sebuah syarikat blockchain terkemuka dalam industri penyelesaian blockchain yang sangat berskala dan cekap tenaga, telah menjadi negatif karbon dengan mengimbangi lebih banyak CO2 daripada akaun rangkaian mereka, menurut siaran akhbar.　　Ketua Pegawai Eksekutif Elrond, Beniamin Mincu menyatakan perasaannya mengenai isu-isu persekitaran semasa mengenai perubahan iklim yang menjadi cabaran serius yang hanya dapat diselesaikan dengan tindakan segera.　　Sayangnya, walaupun teknologi blockchain dapat menyelesaikan banyak masalah ekonomi yang kompleks, kebanyakan pelaksanaannya melibatkan penyelesaian berskala besar yang hanya dapat berfungsi dengan proses perlombongan proaktif yang tidak efisien tenaga. Dalam tempoh kesesakan rangkaian yang tinggi, sebilangan blok crypto menggunakan lebih banyak elektrik daripada negara sederhana.　　Rangkaian blockchain Elrond kini berfungsi dengan kapasiti 15,000 transaksi sesaat dengan kemampuan untuk bekerja dengan 100,000 TPS tanpa menghabiskan tenaga sebanyak cryptocurrency tradisional. Tenaga yang diperlukan untuk Elrond untuk memproses transaksi adalah sehingga enam juta kali lebih rendah.　　Elrond berkomitmen untuk memastikan bahawa teknologinya memberikan sumbangan positif kepada planet ini dan telah bekerjasama dengan Offsetra untuk terus kekal di depan jejak karbon blockchain.　　Syarikat ini sentiasa mengimbangi lebih banyak CO2 daripada yang ditanggung oleh blockchainnya. Pakar dari Offsetra telah menganalisis jejak karbon blockchain Elrond dengan meneliti penggunaan tenaga lebih dari 5,000 pelayan yang tersebar di 30 negara di enam benua.　　Kesan positif secara keseluruhan

2021-08-06Deep Dive

Biden Deals Blow to Crypto Industry, Backs Plan to Tax Proof-of-Stake

In brief　　The Biden Administration backed a tax amendment that appears to target the DeFi sector.　　A final vote on the amendment is expected Tuesday.　　In a surprise move, the Biden Administration threw its support behind an amendment to a major bill in the U.S. Senate that would subject a broad segment of the crypto industry to onerous or even impossible tax reporting obligations.　　The amendment in question, put forward by Senators Rob Portman (R-Oh) and Mark Warner (D-Va), would provide an exemption from the tax reporting obligation but only to validators and developers who worked on proof-of-work (PoW) networks—effectively favoring Bitcoin over other networks that use proof-of-stake (PoS) and other consensus mechanisms.　　The final fate of the pair of crypto amendments is still in flux, however, as Sen. Lummis said a vote—which was expected to take place on Thursday night—will now likely come on Saturday.　　While the delay provides the crypto industry a short window to mobilize against the Portman amendment, the Biden endorsement—which came in a statement from the White House—will make it harder to defeat.　　The Portman amendment, and the Biden Administrations endorsement of it, blind-sided the crypto industry, which had earlier on Thursday been in a celebratory mood after an earlier amendment—proposed by

2021-08-06Deep Dive

Uruguay Ingin Matawang Kripto Diterima Sebagai Medium Pembayaran

Susulan daripada itu, Senator Juan Satori telah mengusulkan rang undang-undang yang mana akan mengatur matawang kripto sekaligus membenarkan perniagaan untuk menerima pembayaran kripto.　　Bagaimanapun, cadangan yang dikemukakan tidak sama seperti idea presiden El Salvador, Nayib Bukele yang menjadikan matawang kripto sebagai tender sah.　　Berdasarkan rang undang-undang tersebut, aset kripto akan dikenali dan diterima oleh undang-undang, dan boleh digunakan dalam mana-mana perniagaan yang sah.　　Tidak cukup dengan itu, aset kripto juga akan dianggap sebagai medium pembayaran yang sah, turut termasuk dalam undang-undang inklusi kewangan selagi mana ia mematuhi peraturan yang telah ditetapkan.　　Jika rang undang-undang ini diterima majoriti, pihak kerajaan akan mengeluarkan tiga jenis lesen untuk perniagaan menggunakan kripto:　　Lesen yang membolehkan syarikat-syarikat untuk berdagang aset kripto di pertukaran (exchanges).　　Lesen yang membenarkan aktiviti simpanan atau pemilikan aset kripto.　　Lesen yang digunakan untuk mengeluarkan aset kripto atau token utiliti dengan ciri-ciri kewangan.　　Lesen-lesen tersebut berada di bawah bidang kuasa National Secretariat for the Fight Against Money Laundering and Terrorism Financing (SENACLAFT).　　Selain Uruguay, beberapa negara Amerika Selatan lain seperti Paraguay, Panama, Argentina, dan Columbia juga sudah mula mengusahakan penggunaan kripto dalam sebahagian ekonomi negara masing-masing.

2021-08-06Deep Dive

Federal Reserve governor says private stablecoins are likely better than CBDCs

In a speech before the American Enterprise Institute on Aug. 5, Federal Reserve governor Christopher Waller expressed doubt about the touted benefits of a central bank digital currency (CBDC).　　“I remain skeptical that a Federal Reserve CBDC would solve any major problem confronting the U.S. payment system,” said Waller. He cited a fairly free market principle as his rationale:　　“In general, the government should compete with the private sector only to address market failures. This bedrock principle has stood America in good stead since its founding, and I dont think that CBDCs are the case for making an exception.”　　Instead of a Fed-issued digital dollar, Waller seemed to cautiously promote advancements of the private sector, specifically stablecoins. Waller noted that private stablecoins may well provide the competition to the banking sectors mark-up on digital payment that advocates of a CBDC advertise.　　Stablecoins have, however, proven controversial. “There are many legal, regulatory, and policy issues that need to be resolved before stablecoins can safely proliferate,” said Waller, citing a pending report on the subject from the Presidents Working Group.　　Wallers comments join a growing chorus, particularly from the right-wing, promoting private-sector stablecoins over a CBDC.　　In a recent hearing with Fed Chair Powell, Senator Pat Toomey —

2021-08-06Deep Dive

On-Chain Data: Ethereum Price Surge is Steered by Old Addresses Stacking Up

A lot of attention is on Ethereum (ETH) presently as the digital currencies‘ price trend is surging to beat the $3,000 resistant point. For the most of the day, the price action has seen a limited volatility with market bulls largely in control of the prices. At present, the world’s largest open source crypto coin is changing hands at $2,817.43, up 4.47% in the past 24 hours.　　The uptick in the price of Ethereum is largely driven by positive sentiments in relation to Ethereum Improvement Protocol 1559 which went live today. Amongst other things, the Ethereum blockchain will now operate through a base fee structure that will see all users pay the same gas fee for transactions.　　Additionally, the base fee that is being paid by miners are currently being subjected to a periodic burning of which more than 1,000 ETH coins have been burned thus far per an earlier Coingape report. The deflationary model will help shrink the circulating supply, driving up price by virtue of an imbalance in the supply and demand curve. Investors understand this, and the current accumulation is backed by this sentiment.　　Old Accounts More Functional　　Contrary to what many may believe, on-chain data from Glassnode suggests that the

2021-08-06Deep Dive

Samsung ‘Will Join Kakao’ to Trial Offline Payments for S Korea’s CBDC

Two Samsung affiliates are reportedly set to join a number of Kakao subsidiaries in piloting the Bank of Korea (BOK)s central bank digital currency (CBDC) prototype – with reports claiming the electronics giant will test offline payments made using its Galaxy smartphones.　　Per Hanguk Kyungjae and multiple other South Korean media outlets, Samsung and the BOK have refused to confirm or deny the reports that the pilot will test the possibility of allowing users to make or receive payments on their handsets, even if they do not have an active internet connection.　　The deal will reportedly see Samsung‘s IT services and blockchain technology arm Samsung SDS join the project in a tech systems advisory capacity, with the Samsung subsidiary S-Core set to work with Kakao’s own blockchain company Ground X on coin issuance.　　The Kakao subsidiaries Kakao Bank and Kakao Pay are also working on the project, with the American Ethereum (ETH)-focused company ConsenSys also aboard. A number of other firms are also on board.　　These include Kona I, a local digital currency specialist with offline payment solutions experience, as well as a firm named ZK Crypto. Also involved are the software security firm Dream Security and the Ethereum sidechain developer Onther.　　And it appears

2021-08-06Deep Dive

Invesco Files for Bitcoin ETF, Expert Believes More ETF Applications May Be Filed by Weekend

According to a tweet by Eric Balchunas, Bloombergs senior ETF analyst, Invesco has filed for a Bitcoin Strategy ETF. According to the document, the ETF was filed on Aug. 5.　　Invesco files for Bitcoin ETF under the 1940 Act　　This Bitcoin exchange-traded product will track the performance of Bitcoin futures contracts, Canada Bitcoin ETFs and Grayscale Bitcoin Trust shares (GBTC).　　The application was filed under the 1940 Investment Company Act as required by the SEC regulatory agencys chairman, Gary Gensler.　　This act provides regulation to closed-end funds and mutual funds and, as per Gensler, offers substantial protection to investors.　　Recently, the SEC chairman urged the U.S. Senate to provide stronger protection to investors in the cryptocurrency market by introducing tougher regulations in the field.　　Balchunas reckons that Invesco was in a rush to roll out its ETF application, at 6 a.m., so he expects at least five or ten similar ETFs to be applied for by Friday night.　　Setting the over/under at SEVEN for # of bitcoin futures (and other things) ETFs filed by tomorrow night. We are currently at three.　　Invescos Bitcoin ETF　　On June 9, Bloomberg reported that Invesco was planning to submit an application for a Bitcoin ETF to seek approval from the SEC.　　Back then, Invesco

2021-08-06Deep Dive