Crypto Guides, Knowledge & Insights

Enterprise Ethereum matures, looks to open-source community for standards

Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks.　　Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, its important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain.　　For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an initiative enabling organizations to adopt and use Ethereum technology in their daily business operations — told Cointelegraph that Ethereum is increasing in usage, deployment, application and more. As such, Ethereum is transforming into a solid chain for business.　　Yet Burnett pointed out that standardization work has become increasingly important in order for Ethereum to fully mature. However, the challenge here is that standardization for enterprise Ethereum must take into account the open nature of Ethereum while considering proprietary business implementations.　　Standards are required for enterprise Ethereum growth　　In order to properly drive standards development for enterprise Ethereum, the Enterprise Ethereum Alliance (EEA) and Oasis Open — a body that aims to advance the development of open-source software

2021-06-30Deep Dive

SHIB baru-baru ini melonjak kerana Elon Musk

Token SSIB baru-baru ini menyaksikan lonjakan besar sejak beberapa hari kebelakangan ini kerana pengasas Tesla Elon Musk menamakan anjingnya Floki.　　Ya, itu mungkin terdengar sedikit pelik. Tetapi ada sebabnya - Elon Musk memiliki anjing Shiba Inu.　　Apa yang berlaku dengan Elon Musk dan token Shib？　　Pengasas SpaceX, Elon Musk baru-baru ini menulis tweet mengenai anjingnya, dengan mengatakan, “Shiba Inu saya akan diberi nama Floki.”　　Itu membawa kepada kenaikan dalam pasaran syiling Shib Inu, kerana syiling Shib tunggal melonjak 25% pada beberapa jam selepas itu, yang membawa kepada kenaikan enam minggu untuk koin itu, menurut Yahoo Finance.　　Adakah Elon Musk peminat Dogecoin？　　Dari segi sejarah, Musk telah menjadi sokongan yang kuat terhadap cryptocurrency. Baru-baru ini, dia telah memuji cryptocurrency Dogecoin.　　Seperti sebelumnya, Musk sering mendorong gembar-gembur media sosial dengan tweetnya untuk cryptocurrency yang berbeza. Dia mengisyaratkan pada bulan Mei bahawa dia bekerja dengan Dogecoin untuk menjadikannya berguna bagi orang yang ingin membeli Teslas.　　Ini berlaku setelah Musk mengatakan Bitcoin tidak lagi menjadi bentuk pembayaran untuk kenderaan khas.　　Musk berkata dalam tweet: “Kami prihatin dengan peningkatan penggunaan bahan bakar fosil dengan cepat untuk perlombongan dan transaksi Bitcoin, terutamanya arang batu, yang mempunyai pelepasan terburuk dari bahan bakar apa pun.”　　“Cryptocurrency adalah idea yang baik ... tetapi ini tidak boleh membawa kos yang

2021-06-30Deep Dive

Elon and Dogecoin: A Dog Walk to Forget

Tesla CEO Elon Musk and Dogecoin have gone through a tumultuous relationship marked by highs and lows.　　After Musks SNL appearance, the value of Dogecoin slumped by a staggering 70% from its previous all-time high.　　Cardanos founder, Charles Hoskinson believes that Dogecoin can be salvaged if it is upgraded to give it real-world usage.　　Dogecoin trades at $0.2168, paling in comparison to its previous all-time high of $0.7376 which it achieved two months ago.　　Dogecoin enthusiasts are scratching their heads in astonishment at the rapid turnaround in value for the cryptocurrency that was once in pole position to hit $1. This reversal has led to a massive loss in value by over 70% from its all-time high as the community looks to the self-proclaimed Dogefather, Elon Musk, for answers.　　Elon Musk and Dogecoin have had a bitter-sweet relationship with Musks tweets driving up the popularity of the cryptocurrency. However, after his Saturday Night Live appearance, things have begun to fall apart for the cryptocurrency.　　The Fall of The Doge　　On May 8, 2021, Elon Musk made his Saturday Night Live debut, making references to Dogecoin in his opening monologue as the community hoped for a price rally. However, things went awry after prices went on a massive

2021-06-30Deep Dive

Are institutions ‘manipulating Bitcoin to fall to $15,000?’

Institutions have been involved in Bitcoin ever since it caught the world‘s attention. Usually, institutions’ involvement in new technology or asset is considered to be beneficial for the development of both parties involved. However, popular crypto investor Lark Davis did not agree with that notion. He was of the opinion that institutions have been manipulating the market for their profit at the expense of retail investors and short-term holders. In his recent video, he opens up further about these topics which have been broken down here.　　Institutions manipulating Bitcoin？　　Davis thought so as the institutions have the capital as well as the influence to achieve this. He brought forward examples of some big names to support his statements. The first on this list was Guggenheim Investments. This Chicago-based global investment company was accused by Davis of making manipulative statements on purpose in order to pocket Bitcoin for their benefit.　　When BTC was picking up pace and rallying towards the $60k ATH of May, Guggenheim Investments CIO Scott Minerd in February, said that Bitcoin could eventually climb to $600,000. Talking to CNN he also said that based on the supply and demand as it is with gold, the numbers could go up towards $400k-600k.　　Now

2021-06-30Deep Dive

The Rise of Crypto Poses Important Questions for Central Banks: NY Fed President

New York Federal Reserve Bank President – John Williams – opined that the rapid development of virtual assets challenges the central banks desire to launch their own CBDCs. He advised policymakers to consider how cryptocurrencies would work efficiently alongside physical cash.　　Crypto Raises Questions for Central Banks　　John Williams – the president and CEO of the Federal Reserve Bank of New York – reacted to the recent presentation of the former Bank of England governor Mark Carney who urged central banks to examine digital assets.　　The top executive believes that central banks and the Federal Reserve, in particular, should not leave unanswered questions about blockchain technology and its regulation if they are willing to issue their own CBDCs:　　“Before central banks like the Federal Reserve can issue their own CBDC, several major questions pertaining to blockchain technology and regulation need to be addressed.”　　Williams asserted that digital assets should be implemented successfully in the financial world alongside physical cash. Countries officials must work towards that goal and adjust the proper regulations.　　The 59-year-old economist John Williams is the 11th president of the Federal Reserve Bank of New York. Previously, he had the same role but on the West Coast as he was in charge of the

2021-06-30Deep Dive

Is The Coinbase Global (COIN) Recovery Boosting Bitcoin And Altcoins?

Coinbase Global (COIN) going public on the Nasdaq has been nothing but negative for the crypto industry. It led to the peak in Bitcoin, carnage in altcoins, and even COIN itself got crushed in the days following the debut.　　But now COIN is beginning to bounce, breaking out from the only downtrend resistance it has ever known, and could be ready to recover. At the same time, it could be part of whats restoring positive sentiment elsewhere in the market, provoking a surge in buying across the board.　　Coinbase Global Recovery On Nasdaq Gives Crypto Bulls Confidence　　When Coinbase Global launched on the Nasdaq it immediately saw extreme volatility. The newly launched stock representing shares of the top cryptocurrency exchange in the United States debuted at around $380 a share, rising to a high of $429.　　The debut daily bell rang at around $328 a share, and it was nothing but downhill after. A low has potentially been set at $207 per COIN, and the asset has now penetrated through three different waves of diagonal downtrend resistance, even making it through the most touched trend line of all.　　In technical analysis, breaking through three diagonal trend lines can be a sign of a greater reversal,

2021-06-30Deep Dive

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

The worlds largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to their citizens.　　Below is a brief recap of recent regulatory actions surrounding Binance.　　Japan　　On June 25, Japan‘s Financial Services Agency, or FSA, accused Binance of operating in the country without proper registration – potentially setting the stage for a protracted legal battle with regulators. That’s because, unlike other jurisdictions, Japan has carved out specific registration and operating rules for cryptocurrency exchanges since at least 2018. Rather than comply with the directives, Binance decided to move its operations to Malta in 2018.　　The FSA‘s warning isn’t limited to Binance, either. In May of this year, the regulator warned derivatives exchange Bybit that it was in violation of registration rules.　　Ontario (Canada)　　Around the same time that Japans FSA issued its warning, Binance announced it would cease all operations in the Canadian province of Ontario after the provincial securities regulator introduced sweeping new measures targeting cryptocurrency exchanges.　　On Apr. 19, the Ontario Securities

2021-06-30Deep Dive

JPMorgan Names One Indicator That May Signal End of Bear Phase in Crypto Market

Nikolaos Panigirtzoglou, global market strategist for U.S. banking giant J.P. Morgan, believes that Bitcoins dominance is the trend indicator to watch for those who are wondering when the current bear phase will come to an end.　　During his June 29 interview on the Thursday broadcast of CNBC‘s “Worldwide Exchange,” Panigirtzoglou told Brian Sullivan that the king’s market share climbing above 50 percent would be “healthy”:　　I think its another indicator to watch here in terms of whether these bear phases are over or not.　　The high-profile JPMorgan analyst noted that Bitcoins dominance had “abruptly” dropped in April from 61 percent to just 40 percent in a little over a month.　　Image by tradingview.com　　Rapidly growing altcoin dominance is usually indicative of excessive froth in the cryptocurrency market.　　The massive rally in Ethereum, Dogecoin, and other alternative cryptocurrencies carried echoes of January 2018 when the market topped before the start of a ruthless bear market.　　Bitcoin dominance climbed back to 48 percent on May 23 after the whole market crashed, but it has so failed to reclaim the 50 percent mark despite the fact that altcoins have been languishing as of recently.　　Not out of the woods　　Panigirtzoglou notes that inflows into Bitcoin funds have improved at the expense of

2021-06-30Deep Dive

UK’s NatWest bank limits transactions to crypto exchanges

As the crypto crackdown continues in Britain, another high street bank has intensified its efforts to curtail its customers use of digital assets.　　The Natwest Group has reportedly capped the daily amount its customers can send to cryptocurrency exchanges due to concerns over investment scams and fraud, according to a June 29 report from Reuters. However, it was not revealed what those new limits were in terms of fiat currency transfers.　　The temporary cap was imposed on June 24. The restriction targets several cryptocurrency exchanges, including Binance. The high street bank claims to serve 19 million customers in the U.K.　　The spokesperson for NatWest stated that it has recently seen a high level of cryptocurrency investment scams targeting its customers, particularly through social media sites, addi:　　 “To protect our customers from the criminals exploiting these platforms, were temporarily reducing the maximum daily amount that a customer can send to cryptocurrency exchanges as well as blocking payments to a small number of cryptocurrency asset firms where we have seen particularly significant levels of fraud-related harm for our customers.”　　The restrictions imposed by NatWest come at a time when the U.K. financial watchdog, the Financial Conduct Authority (FCA), is tightening its grip on unregulated cryptocurrency trading

2021-06-30Deep Dive

World’s Biggest Interdealer Broker Set to Launch Crypto Trading Platform

TP ICAP Group LLC, the world‘s biggest Interdealer broker is all set to set foot in the crypto market with its crypto trading platform, as per a report in Reuters. The financial broker would launch the platform in association with Fidelity Investments and Standard Chartered’s custody unit Zodia, who will act as custodians for the trading platform. Amsterdam-based Flow Traders will provide liquidity to the platform.　　The upcoming crypto trading platform is set to launch in the second half of the year. The platform would offer Bitcoin trading to start with and later add Ether trading as well. It would also offer post-trade infrastructure of various custodians for ease of investment and security.　　Duncan Trenholme, co-head of digital assets at TP ICAP said,　　“Investor interest in this new asset class has exploded dramatically in the last six to eight months. In most of our conversations with clients, they want a separation of custodial roles from execution capabilities which is opposite to the models that exist currently.”　　This wont be the first crypto venture for the members of the consortium as TP ICAP launched Bitcoin Futures and Options contract on CME in 2019. Fidelity has filed for a Bitcoin ETF in the US while Standard

2021-06-30Deep Dive

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