Crypto Guides, Knowledge & Insights

BITCOIN BULLS REGAIN STRENGTH FROM $30K SUPPORT.

BITCOIN BULLS REGAIN STRENGTH FROM $30K SUPPORT.　　The price of Bitcoin has been in a correction phase for the past few months. The correction phase or, what traders call deep pullback, is now coming to an end as Bitcoin finally found strong support at $30,000.　　The price of Bitcoin traded briefly below $30,000 at $29,500 last Tuesday, but the price rallied to $31,000 the next day. $30,000 price area has proven to be strong support countless times during this deep pullback phase. Several attempts by sellers to breach below $30,000 had been rejected, and the bulls have finally found the strength to rally price way above $30k.　　Fundamentally, several meetings that have been held on the future of Bitcoin and the review of its mining process are finally paying off. Kudos to Elon Musk for letting the world know that unrenewable energy used in mining Bitcoin is not sustainable. Although, some miners had been using renewable energy to mine Bitcoin before the TESLA CEO stopped accepting Bitcoin.　　The good news is that this is just the beginning of another bull market. Bitcoin has gained 13% in the last few days and, its currently the top gainer among other cryptocurrencies.　　Technically, the price of Bitcoin is

2021-07-27Deep Dive

Not Yet: Amazon Denies Rumours on Plans to Accept Bitcoin

An Amazon spokesperson has said that the earlier reports of the company planning to accept Bitcoin and to investigate the issuance of its own token next year are false.　　Previously, a report from City AM, citing Amazon insiders, claimed that the worlds leading online retailer plans on accepting Bitcoin and to investigate issuing its own token in 2022.　　The report went even further, saying that:　　 “This isnt just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a fullon, well-discussed, integral part of the future mechanism of how Amazon will work. […] It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”　　Many in the community questioned the authenticity of the report and the trustworthiness of said insiders.　　It didnt take much for the company to come up with an official statement and, unfortunately, to pronounce the City AM report false.　　 “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”　　In any

2021-07-27Deep Dive

Amazon untuk menerima mata wang digital yang paling popular

Menurut sumber hasil selidik WikiBit, Bitcoin akan menjadi cryptocurrency pertama yang diterima. Namun, syarikat itu bertekad untuk menambah mata wang digital popular lain pada masa akan datang, termasuk Ethereum, Cardano dan Bitcoin Cash. Orang dalam mengatakan bahawa ini adalah keputusan yang dibuat dari pihak atasan organisasi, merujuk kepada pengasas dan ketua eksekutif Amazon, Jeff Bezos.　　Orang dalam itu lebih jauh mencadangkan bahawa proses untuk melancarkan pembayaran mata wang digital tidak akan memakan masa lama kerana ini telah dikembangkan sejak 2019.　　Sebagai sebahagian daripada rancangan syarikat gergasi e-dagang tersebut untuk menyelami industri kripto, Amazon juga bertujuan untuk membuat cryptocurrency sendiri, yang dapat membuahkan hasil pada tahun 2022.　　Perkembangan ini berlaku setelah Amazon baru-baru ini menerbitkan iklan untuk cryptocurrency dan pembukaan pekerjaan utama blockchain. Menurut keterangan untuk kedudukan tersebut, bakat perlu mengembangkan strategi mata wang digital dan peta jalan produk syarikat.

2021-07-26Deep Dive

Empat Sebab Kerugian Dalam Perdagangan Cryptocurrency

Walaupun perdagangan cryptocurrency penuh dengan keajaiban, industri telah melihat kegilaan di mana minoriti menikmati keuntungan, tetapi majoriti mengalami kerugian. Sebab-sebab kehilangan wang dikemukakan seperti berikut:　　Ia bertentangan dengan memperhatikan gambaran yang lebih besar, tidak setara dengan perdagangan sementara atau swing. Orang sering bercakap mengenai kenaikan dan penurunan dalam jangka pendek dan bukannya masa depan jangka panjang. Dalam hal ini, posisi harus dialokasikan secara rasional, dan perubahan dalam trend harus dikenal pasti.　　Pegang idea bahawa kenaikan atau kejatuhan harga dapat bertahan sebentar.　　Percaya idea ini adalah kesalahan biasa yang dilakukan oleh hampir setiap peniaga. Mereka mengikutinya dan melakukan pembelian dalam menghadapi lonjakan duit syiling yang mengejutkan tetapi mengalami kerugian ketika aliran menaik berubah. Tidak ada jalan keluar yang baik untuk mengatasi kebiasaan ini kecuali pembetulan langkah demi langkah.　　Pengertian dan pengetahuan tidak mencukupi.　　Banyak peniaga membuat spekulasi mata wang digital berdasarkan pengalaman orang lain dan bukannya perenungan mereka. Dengan cara ini, transaksi akan membawa mereka ke mana-mana tetapi gagal.　　Falsafah pelaburan tidak dikembangkan.　　Majoriti menjalankan urus niaga mengikut naluri mereka dan bukannya rancangan perdagangan yang dikembangkan dengan baik. Oleh itu, mereka lebih cenderung melihat kerugian ketika menghadapi kemalangan. Pilihan yang salah tidak dapat dielakkan sehinggalah mereka membuat satu set taktik pelaburan untuk mengatasi pelbagai situasi.

2021-07-26Deep Dive

Bitcoin Breaks Back Above $39K in Largest Single Daily Gain in 6 Weeks

Bitcoin briefly traded above $39,000 for the first time since June 16 and is currently trading its sixth consecutive day in the green.　　Prices have continued to rally since July 21 with Sunday‘s current price rise representing the largest single daily gain in over six weeks. The world’s oldest crypto is changing hands for around $38,250, having cooled slightly after hitting a monthly high of around $39,850.　　“This price action is aligning with what weve been seeing the past couple of weeks,” said Daniel Kim, head of capital markets at Maple Finance. “Borrowing rates for USD have started to increase from its lows.”　　Subscribe to State of Crypto, our weekly newsletter on policy impact.　　SUBSCRIBE　　By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.　　“Weve also been seeing a significant increase in demand for USDC (-0.14%) from institutional borrowers and the sentiment seems to be bullish following the news of Amazon participating in bitcoin (BTC, +13.64%),” Kim added.　　An unconfirmed single-source story in City A.M. has reported retail giant Amazon is looking to accept bitcoin payments by years end and is looking at minting its own token by 2022. The retail giant is also looking

2021-07-26Deep Dive

Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points

“You‘ll notice transactions happen much faster, and once you’ve created a Vault, you wont have to keep claiming Moons every month,” said Reddit if the solution is migrated to the Ethereum mainnet.　　Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system.　　In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution on top of the Rinkeby testnet before it plans to migrate to the Ethereum mainnet.　　The platform cited Arbitrums features of being decentralized, being developer-friendly, and having broad ecosystem support in its decision. Arbitrum essentially “rolls up” transactions on a gasless sidechain with a separate set of security and consensus protocols, then reports the batched transactions to Ethereum. The development team at Offchain Labs has touted the project for scaling solutions.　　Related: Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism　　Users on the social media platform earn Community Points by posting certain content to earn rewards. In the r/Cryptocurrency subreddit, these come in the form of Moon tokens, and in r/FortNiteBR, the points are known as Bricks. Reddit

2021-07-24Deep Dive

Adakah Berbaloi Membeli Litecoin Sekarang?

Sebenarnya, LTC mengklon kod sumber (SC) BTC dan menyesuaikan beberapa parameternya. Oleh itu, apakah perbezaan antara kedua-dua cryptocurrency ini？　　Sebagai permulaan, algoritma mereka berbeza. Walaupun kedua-duanya menggunakan Proof of Work (PoW), mekanisme konsensus yang terdesentralisasi, algoritma Scrypt dilaksanakan untuk perlombongan LTC sementara BTC menggunakan SHA-256. Oleh itu, lebih mudah untuk menambang LTC apabila komputer umum digunakan untuk perlombongan cryptocurrency.　　Di samping itu, hashing blok LTC lebih pantas daripada BTC. Ia memerlukan 10 minit terakhir untuk blok sementara angka kira-kira 2.5 minit untuk yang pertama. Hasilnya, LTC memenuhi keperluan untuk pembayaran segera dan kecil.　　Terlebih lagi, jumlah LTC lebih banyak daripada BTC. Angka yang pertama adalah sekitar 84 juta, dan 21 juta yang terakhir.　　Pendek kata, LTC boleh dilihat sebagai tiruan paling berjaya!　　Adakah bernilai melabur di LTC？ Sebagai salah satu cryptocurrency arus perdana, LTC lebih baik daripada kebanyakan tiruan. Oleh itu, adalah tidak bermasalah untuk membeli duit syiling tersebut sekiranya peniaga yakin akan prospeknya. Namun, jangan melabur dengan kedudukan besar. Tidak lebih daripada 20% dari jumlah kedudukan mencukupi dalam pembelian ini.

2021-07-23Deep Dive

Adakah Huobi Berjalan Setelah Mengambil Risiko sebagai Alasan Pengeluaran Tidak Tersedia?

Menurut seorang pengguna, Huobi mengirimi dia pemberitahuan tentang pengeluaran yang tidak tersedia untuk akaun pada 5 Julai dan meminta dia untuk mengemukakan soal selidik keselamatan untuk pengesahan. Namun, tidak ada balasan yang diterima setelah dia melakukan sebagaimana yang dikehendaki.　　Pengguna lain melihat akaun yang dibekukan kerana ‘kawalan risiko’, mengisi soal selidik keselamatan untuk pengesahan yang dikatakan memerlukan masa lebih dari sepuluh hari. Peniaga yang tidak biasa dengan peraturan tersebut mungkin berpendapat bahawa Huobi telah melarikan diri.　　Sebab-sebab kawalan risiko dinyatakan seperti berikut:　　1. Huobi memberi perhatian lebih kepada transaksi kerana peraturan yang lebih ketat. Oleh itu, akaun lebih cenderung untuk dihalang jika ia adalah yang baru tanpa membuat spekulasi duit syiling setiap hari tetapi memohon pengeluaran segera setelah pembelian syiling.　　2. Apabila akaun yang tidak digunakan untuk waktu yang lama mula diperdagangkan dengan kerap, dapat dicurigai adanya pencucian wang oleh platform.　　Untuk mempercepat pengesahan yang dilakukan oleh Huobi, pengguna disarankan untuk mengisi kuesioner keselamatan dengan hati-hati pada awalnya dan menyerahkan data yang diperlukan untuk bekerja sama dengan layanan pelanggan. Dengan cara ini, pengeluaran boleh dilakukan setelah pengesahan pada tarikh awal.

2021-07-23Deep Dive

Did Huobi Run Away After Taking Risk Control as An Excuse for Unavailable Withdrawals?

The pressure faced by exchanges is growing with the increasingly tight regulation on cryptocurrencies, causing them to take some tactics regarding risk control in response. Users have reported to WikiBit recently that Huobi is suspected of running away, refusing to process withdrawals on the grounds of risk control.　　According to a user, Huobi sent him the notification of ‘unavailable withdrawal for account’ on July 5th and required him to submit a safety questionnaire for verification. However, no reply was received after he did as required.　　Another user saw a frozen account because of ‘risk control’, filling in the safety questionnaire for verification which was said to take more than ten days. Traders who are not familiar with the rules may think that Huobi has run away.　　Reasons for risk control are presented as follows:　　1. Huobi pays more attention to transactions due to stricter regulation. Therefore, an account is more likely to be restricted if it is a new one without speculating coins on a daily basis but applying for withdrawals soon after the purchase of coins.　　2. When an account unused for a long time starts to trade frequently, it can be suspected of money laundering by the platform.　　As for speeding up the verification

2021-07-23Deep Dive

Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years.　　The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as of June 2021. The research defines “investors” as adults with $10,000 or more invested in stocks, bonds, or mutual funds.　　It also reported that Bitcoin ownership among investors surveyed aged under 50 has more than trebled over the past three years to 13% from 3% in 2018. Unsurprisingly, it revealed ownership was much lower at just 3% for the over 50s group of investors, though this has also increased three-fold from 1% in 2018.　　The researchers noted that Bitcoins relatively modest ownership can be contrasted with more mainstream investments. The survey revealed that 84% of the investors polled reported having invested in stock index funds or mutual funds, while 67% said they owned individual stocks, and 50% have bonds.　　“At 6%, Bitcoin ownership is more akin to gold, which 11% of investors say they own.”　　The results of the poll come from the Gallup Investor Optimism Index survey conducted between

2021-07-23Deep Dive