Crypto Guides, Knowledge & Insights

Watch Out for Trend of Running Away by Small Exchanges!

Cryptocurrency trading is rife with profits and pitfalls. Some small exchanges summarized and presented herein have planned to run away because of the turmoil of the market and the stronger regulation recently.　　Hotbit: The exchange claims that its users in some regions cannot trade and top up via their accounts due to its adherence to rules and regulations in these areas. Clients have complained that Hotbit has induced users to make deposits by sharing trading plans and tactics and made withdrawals unavailable.　　BiKi: The exchange has ceased to provide its users in certain regions with services, including contracts, over-the-counter (OTC) trading, and leverage, coupled with the removal of some trading pairs and the cessation of related recharge operations. Clients have complained that BiKi has manipulated users accounts.　　Monster: The exchange claims that the access to IP in some regions is ceased because of its abidance by related rules and regulations. Clients have complained about Monster as a pyramid scheme.　　Excuses for exchanges above-mentioned to run away are seemingly reasonable. Yet in fact, they are recently established, featuring ineffective regulation at present.　　Great changes in exchanges will happen in 2021 after turmoil, causing more small exchanges to run away. However, this is good news as investors

2021-07-08Deep Dive

Cardano Reaches Grayscale: Slow and Steady Wins the Race

Cardano surprised its sceptics after the groundbreaking announcement that Grayscale added the asset to its fund.　　Grayscale reduced the share of Bitcoin in its Digital Large Cap Fund to make room for Cardano.　　This comes after sceptics teased Cardano and called it “vaporware” due to the ambitious nature of the project.　　Cardanos impressive developments over the last month see the asset trade at a respectable $1.40, threatening to take fourth place in the cryptocurrency rankings from BNB.　　Cardano is a testament to the proverbial saying that “slow and steady wins the race” following its marriage to Grayscale. Before the addition into Grayscales Digital Large Cap Fund, Charles Hoskinson, founder of Cardano revealed extensive details about the ambitious plans for the network.　　The plans took a while to materialize, triggering dissent amongst some members of the crypto space. A few months down the line it seems the stars are aligning for Cardano and the addition to Grayscales Digital Large Cap Fund has proved sceptics wrong.　　Grayscale: Cardano Rubs Shoulders with Bitcoin and Ethereum　　The largest crypto asset manager in the world, Grayscale, sent the Cardano community into fits of excitement following the announcement they would add the asset to the Digital Large Cap Fund.　　The addition into the fund

2021-07-08Deep Dive

Argentine Deputy for Mendoza Proposes Crypto Salaries in New Bill

Argentinas National Deputy for Mendoza, José Luis Ramón, has announced a new bill that would see employees in certain sectors receive salaries in cryptocurrency.　　Workers in a dependency relationship and those who explore services can opt to receive their salaries either partially or fully in crypto.　　Ramon presented the bill, saying that the idea was to “strengthen their autonomy and conserve the purchasing power of their remuneration.” He continued, saying that it was largely motivated by the need to promote greater autonomy and governance of wages, without loss of rights or exposure to situations of abuse. The bill itself describes the proposal as focusing on retaining the purchasing power of self-employed workers.　　Employees will be allowed to select which cryptocurrency they wish to be paid and the choice of advance directives. This includes obtaining the salary in pesos which is payable in the equivalent cryptocurrency amount on the day of payment, or direct payment in cryptocurrencies.　　Should the bill pass, the region would join the likes of El Salvador in considering having employees receive their salaries in cryptocurrencies. It would be one of the few places in the world that have made this transition, and will undoubtedly serve as an interesting experiment.　　Crypto salary payments

2021-07-08Deep Dive

How Cooperation Between Robonomics and OCEAN Protocol Allows to Automate Data Monetization

It might sound like a scene from a sci-fi film, but the experts at Robonomics have unlocked the ability for robots to sell and buy data they gather in the field — autonomously! Utilizing the Ocean Protocol to secure and tokenize datasets, Robonomics — who have been pioneers in blockchain-enabled Internet of Things (IoT) and robotics research — have created an entirely new class of assets that were previously unavailable due to the inability to secure and exchange proprietary data.　　For those who are not familiar with Ocean Protocol: the idea is to transform any data into a full-fledged asset by tokenization. It enables the buying and selling of data while simultaneously transferring ownership. Thus, it becomes possible to monetize tokenized data, create markets for them, while harnessing the full power of decentralized finance (DeFi) tools. Robonomics is an open-source, decentralized platform for IoT applications powered by Ethereum and Polkadot. In addition to the standard connectivity features, Robonomics provides functionality for creating a digital “twin” on the blockchain, a marketplace for robots, and other features of the “Robot Economy” concept, such as machine-to-machine (M2M) smart contracts.　　Because Robonomics deeply understands automation — having developed open, decentralized platforms for robots and IoT control

2021-07-08Deep Dive

33 face heat in Korea over alleged $1.48 billion in crypto transfers

Seouls Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today.　　The individuals were caught as part of a pan-government investigation and have allegedly committed financial crimes such as fraud and money laundering. Namely, 14 suspects are currently being prosecuted, 15 were fined, and another four continue to remain under investigation.　　Shady overseas transactions　　Per the publication, a total of 812.2 billion won ($710.7 million) worth of crypto transactions was classified by the investigators as “illegal foreign currency exchange.” Another 785.1 billion won ($687.6 million) were used for transactions that also involved falsifying overseas remittance records for the purchase of cryptocurrencies.　　Finally, the suspects withdrew 95.4 billion won ($83.5 million) overseas using their South Korean credit cards—and used the funds to buy cryptocurrencies abroad.　　“Virtual asset transfers under the guise of trade, travel, or study expenses are strictly prohibited. Violators will be subject to criminal prosecution or fines,” stated a spokesperson for Seouls Central Customs.　　One of the suspects reportedly owns a foreign exchange company in Korea himself. He allegedly transferred a total of 300 billion won ($262.8 million) via 17,000

2021-07-08Deep Dive

Central Bankers Skeptical of Cryptos Chances of Overthrowing Gold

Central bankers are skeptical that Bitcoin or other cryptocurrencies could take the place of gold in their foreign currency reserves.　　Roughly 85% of reserve managers say they do not expect that cryptocurrencies will replace gold in their foreign currency reserves. Over a quarter of respondents said cryptocurrencies had investment potential as uncorrelated assets, to help diversify portfolios. However, 57% of officials said they did not expect crypto to have a meaningful impact on their reserve operations. More than 30 leading central banks were polled by UBS for the survey.　　Crypto skeptics　　The cautious sentiment among central bank officials comes as the cryptocurrency industry booms. Many cryptocurrency advocates view them as a way of preserving the value of their savings. This is due to massive stimulus programs to combat the pandemic, which has prompted speculation of higher inflation.　　Despite this many mainstream investors and institutions are kept at arms length by coins going through periods of intense volatility. This has also eroded its appeal as a stable store of value. However, as authorities grapple with how to respond to the crypto boom, they are more upbeat on the prospects for official digital tokens.　　 CBDC fans　　While central bank officials still remain skeptical of cryptocurrencies, many are

2021-07-08Deep Dive

Kucoin Pencabar Binance ?

Ia juga sangat berguna untuk melihat jumlah pengguna aktif. Jelas, jika membandingkan Binance vs Kucoin, pangkalan pengguna aktif yang lebih besar dikumpulkan oleh Binance dengan sekitar 13.5M pengguna. Manakala Kucoin mempunyai sekitar 1 juta pengguna aktif. Sekiranya kita melihat cryptocurrency yang diterima oleh pertukaran ini, kita dapat melihat bahawa Binance mempunyai jumlah crypto yang lebih tinggi daripada Kucoin.　　Penting untuk melakukan perbandingan yuran pertukaran cryptocurrency secara menyeluruh. Menganalisis metrik ini dalam perbandingan Binance vs Kucoin ini, jelas bahawa Binance mempunyai peratusan yuran perdagangan terendah 0.10%, sementara tempat kedua menuju Kucoin dengan bayaran Hingga 0.05%.　　Sekiranya membandingkan hanya Binance vs Kucoin, Coinbase mungkin kelihatan seperti pemenangnya, tetapi jika jenama ini diukur berbanding semua pertukaran cryptocurrency dalam industri, itu bukan masalahnya. Itulah sebabnya anda dapat menganalisis dengan jelas bagaimana kedua-dua jenama ini dibandingkan dengan pertukaran crypto yang diberi nilai terbaik - Binance. Sudah jelas bahawa Binance memenangi Binance vs Kucoin ini & boleh menawarkan anda ciri kualiti yang lebih baik.

2021-07-08Deep Dive

New security feature aims to help hospitals ward off threat of ransomware

A blockchain-based healthcare platform is ramping up security even further, ensuring that patient files sent over its infrastructure are only viewed by the right professionals.　　A blockchain-based platform thats focused on the healthcare sector is developing a brand-new feature designed to ramp up security even further.　　Radiologex — which already offers built-in Know Your Customer checks and password-free biometric verification — is planning to unveil Authlogex for added blockchain security.　　The startup enables patient files to become truly interoperable and available anywhere in real time. But rather than have users send documents and trust they have been received, Authlogex is designed to follow the communication trail from start to finish — ensuring that sensitive information is accessed by the right people. Permission to view documentation can also be granted and revoked whenever necessary.　　Always-active tamper detection also helps to alleviate security concerns, and Radiologexs systems are continually on the lookout for questionable activity.　　Admin-level auditing for enterprise users will also ensure that comprehensive audit logs can be generated for every user in an account — with a master user given the chance to override, correct or refuse access too.　　All of this helps ensure that the data trail is never tampered with, and the Radiologex platform

2021-07-08Deep Dive

Visa Launches Crypto Rewards Card With BlockFi

Payments giant Visa is launching its first crypto rewards card in partnership with crypto services company BlockFi.　　BlockFi initially announced its plans for a credit card in December 2020. At the time, the exchange released a waiting list for US-based clients, which has now amounted to over 400,000 people. BlockFi CEO Zac Prince said he expects each person on the waitlist to receive their card towards the end of July.　　BlockFi rewards　　BlockFi also stands to benefit from utilizing the card as a customer acquisition tool. This is because the new offering provides clients with a simple way to acquire bitcoin. This means without having to pay fees or navigate the sometimes complicated onboarding processes at exchanges. BlockFi stands to benefit as well from the fees it will receive through money spent on the card.　　BlockFi Visa Rewards Cardholders can earn 1.5% back in bitcoin on every purchase. This payout then increases to 2% on every dollar spent over $50,000 annually. As an incentive to new users, they will receive a 3.5% bitcoin rewards rate for the first 90 days, or until receiving $100 worth of bitcoin. The card also provides other benefits, such as rebates on trading fees. It also comes with no

2021-07-08Deep Dive

Store Or Not Store Of Value? Three Reports Weigh In On Bitcoin

Three recent reports once again showed that the popular narrative surrounding bitcoin (BTC) as digital gold, a safe haven asset, is not so simple and the jury is still out on this question.　　Analysts at Goldman Sachs, Arca, and Bloomberg Intelligence discussed BTC as a store of value, safe haven, or defensive asset from different perspectives. Some argued that bitcoin and gold are not necessarily comparable and that BTC is by no means a defensive asset, while one analyst sees a bull on the horizon for this “upcoming digital reserve asset.”　　Volatility again　　Even if BTC is a competitor to other cryptoassets, its not a direct competitor to gold, and the reason is its often-cited volatility, analysts at US investment banking giant Goldman Sachs argued in a note, as reportedby the Market Insider.　　They added that,　　“Gold is competing with crypto to the same extent it is competing with other risky assets such as equities and cyclical commodities. We view gold as a defensive inflation hedge and crypto as a risk-on inflation hedge.”　　 Bitcoin volatility chart:　　30-day BTC/USD volatility. Source: buybitcoinworldwide.com　　Meanwhile, historically, gold is also not the most stable asset.　　Gold price chart:　　Source: macrotrends.net　　Furthermore, the competition between bitcoin and ethereum (ETH), as well as with other assets,

2021-07-08Deep Dive

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