Crypto Guides, Knowledge & Insights

Apabila Bitcoin mencapai $40,000 lagi, penganalisis mengagak $50,000

Selepas hujung minggu yang tidak menentu, Bitcoin sekali lagi melepasi $40,000, mencapai tahap tertinggi dalam lebih dari dua minggu. Kripto terbesar di dunia memperoleh sebanyak 4.5% pada hari Isnin kepada $41,020, memperpanjang kenaikannya pada hari kedua. BTC telah meningkat sekitar 9% sejak hari Jumaat. Indeks WikiBit yang lebih luas, yang menjejaki beberapa cryptocurrency utama, juga maju, menambah sebanyak 7,7% pada satu ketika.　　Dengan Bitcoin melepasi ambang $40,000, banyak penganalisa chart melihat $42,500 sebagai tahap penting seterusnya untuk dilanggar. Angka tersebut secara kasar mewakili purata bergerak 200-hari dan memuncaknya itu bermakna duit syiling naik ke arah $50,000.　　“Bitcoin akan sentiasa berubah-ubah dan jangkaan manik yang kita miliki tidak pernah berkekalan. Persoalannya ialah di mana kita menyelesaikannya？ Apa support terbaru dalam Bitcoin ？, ”kata Tom Essaye, bekas peniaga Merrill Lynch yang mengasaskan buletin“ The Sevens Report ”. “Agar Bitcoin dapat meneruskan pergerakan itu, saya rasa anda perlu melihat penerapan sah yang lebih meluas.”　　Cryptocurrency berada di bawah tekanan dalam beberapa minggu kebelakangan ini, dengan Bitcoin kehilangan sekitar 30% sejak pertengahan April, ketika mencecah rekod hampir $ 65,000. Jual beli baru-baru ini telah diperburuk oleh teguran awam dari Tesla Inc. Elon Musk, yang mengkritik jumlah tenaga yang digunakan oleh pelayan yang menyokong token dan menolak tawaran

2021-06-15Deep Dive

Allianz Chief Economic Advisor Says Elon Musk has a Huge Influence on Bitcoin Adoption

IN BRIEF　　Allianzs chief economic advisor says there is a tug of war going on between Bitcoin regulations and adoption.　　He also said the impact of Elon Musk on the adoption side of the market is significant.　　Mohamed A. El-Erian, the chief economic advisor for Allianz, an asset management and insurance firm recently appeared on CNBC‘s Squawk Box, where he talked about Fed’s recent meeting, Bitcoin and Elon Musk. The chief economic advisor said Bitcoin is currently in a tug-of-war between regulation and adoption. He said Elon Musk, the Tesla CEO has a huge impact on the adoption side.　　El-Erian pointed towards today‘s Bitcoin price gain of over 10% post Musk’s Tweet about the top cryptocurrency.　　Musk while responding to an allegation of pumping and dumping the Bitcoin market reinstated that Tesla has only sold 10% of its $1.5 billion purchase and willing to reconsider Bitcoin payment for the car purchase if Bitcoin mining becomes greener.　　El Erian said,　　“Musk has a huge impact on the adoption side, first he said Tesla would accept Bitcoin as a payment implying it is a ”currency,“ then said he is not sure and today he again hinted at using it as a form of payment.”　　Musk has quite a love-hate

2021-06-15Deep Dive

Crypto is the next step toward a cashless society

It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption.　　From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the height of the COVID-19 pandemic. As a result, usage rates for digital payments platforms have recorded promising growth, even as high as 5,000% in the Philippines alone.　　This unprecedented rise in cashless payments is also paving the way for the broader adoption of crypto, with the number of crypto users worldwide hitting around 106 million in January. While this marks an impressive 15% month-on-month growth, it is still just a drop in the ocean when compared to the 4.7 billion people who have access to the internet.　　But as crypto continues to command headlines, what will it take for mass adoption to happen？　　A new model of financial accessibility　　Today, billions of people worldwide are unable to access even the most basic financial services via traditional means, and thus

2021-06-15Deep Dive

Kenapa Anda Perlu Beli Binance Coin Dari Sekarang!

Harga semasa Binance Coin adalah $339.12 dan ia mencapai tahap tertinggi sepanjang masa pada $606 pada 21 April 2021. Dengan had pasaran $51,940,319,129, Binance Coin adalah cryptocurrency terbesar keempat di dunia.　　Sebab mengapa Binance Coin meningkat adalah disebabkan oleh Binance Smart Chain (BSC), rantai selari untuk dApps dan DeFi Services. Menurut sebuah laporan, yuran transaksi Ethereum Tinggi sering disebut sebagai alasan utama mengapa penggunaan BSC meningkat begitu banyak. Sebab lain ialah peningkatan aktiviti perdagangan Binance Coin. Juga, penggunaan Binance Exchange yang tinggi akan meningkatkan permintaan untuk BNB dan meningkatkan harganya.　　Binance Coin mempunyai potensi besar dan sangat tinggi dengan kekuatan Binance Smart Chain. Kenaikan harga menunjukkan potensinya sejak pelancaran, dan kemungkinan DeFi menggantikan kewangan tradisional akan lebih menguntungkannya.　　Semua faktor di atas menjadikan Binance Coin sebagai peluang pelaburan yang hebat di antara cryptocurrency lain. “Tetapi beberapa masalah perlu ditangani juga. Yang terbesar adalah bahawa pasaran DeFi sebenarnya boleh memakan Binance Exchange. Binance sedang berusaha untuk memegang peranan utamanya dalam pasaran aset digital kerana projek DeFi yang dimulakan seperti Uniswap, Curve, Balancer dan SushiSwap menarik bahagian perdagangan industri yang lebih besar ”, menurut Muyao Shen dari CoinDesk.

2021-06-15Deep Dive

How a small village in El Salvador spurred the historic Bitcoin bill

Last week, El Salvador‘s Congress passed a bill legalizing Bitcoin. The leading cryptocurrency now has equal footing with the country’s official currency, the U.S dollar. The upshot to this means all Salvadorian merchants are legally required to accept it for payments.　　While the crypto community celebrated the news as confirmation that the tide is turning against centralized authorities, theres just one problem. Bitcoin, with its painfully slow 5 transactions per second throughput, makes for a horrible payment system.　　Nonetheless, as pointed out by Nicholas Burtey, the co-founder and CEO of Galoy Money, thanks to the Lightning Network, Bitcoin was already being used as a payment system, even in the most unlikely of places.　　Bitcoin plus Lightning Network = scalable payments　　The Lightning Network is a layer 2, or off-chain, network that sits on top of Bitcoin. It enables individuals to transact without having to record every individual transaction on the mainchain there and then.　　This brings several scalability benefits, including lower fees and microtransactions and a degree of privacy, which is useful in a payment scenario, such as hiding wallet balances from other parties.　　Burtey said, during his travels to El Zonte in 2020, a southern El Salvadorian coastal region known as a surfing hotspot, he

2021-06-15Deep Dive

99 Percent of Cryptocurrencies Are Overpriced, Says Crypto King Barry Silbert

Digital Currency Group CEO Barry Silbert has revealed his bearish views on the market in a series of recent tweets, claiming that 99 percent of cryptocurrencies are “overpriced.”　　Prior to that, the crypto king disclosed that he was long the Cboe Volatility Index (VIX Index).　　Silbert has mentioned “investor complacency,” “speculative excess,” and the lack of trust in the U.S. Federal Reserve are among the things that could spark “macro fireworks.”　　The S&P 500 index hit yet another all-time high last week amid concerns surrounding recent inflation data.　　As reported by U.Today, Bitcoin managed to reclaim the $40,000 level earlier today after billionaire Paul Tudor Jones said that he‘s willing to go “all in” on inflation trades if the Fed doesn’t do anything about growing consumer prices.　　The total crypto market is currently sitting at $1.28 trillion.

2021-06-15Deep Dive

Why The WEF Wants You To Learn About Bitcoin And Ethereum

The World Economic Forum (WEF) has published a report called “Cryptocurrencies: A Guide to Getting Started” on Bitcoin, Ethereum, and other cryptocurrencies. The report is part of their Global Future Council on Cryptocurrencies and its intended to provide the readers with the basics of this new asset class.　　The total market cap of Bitcoin, Ethereum, and the rest of the cryptocurrencies managed to surpass $2 trillion. The industry and underlying technology, according to the report, have matured with $65 billion in on-boarded assets, $1 billion sold in digital collectibles, and digital art across diverse sectors, such as file storage, cross-border payments, non-fungible tokens (NFTs).　　The WEF acknowledged the relevance of cryptocurrencies and wants CEOs, product managers, technology professionals, corporate leaders, and more to have a guide on how they can apply cryptocurrencies to their work and life.　　Thus, the report explains subjects such as taxation, making transactions, custody of the funds, and how to buy Bitcoin. These are relevant points and could help to drive adoption from the target audience, a major goal for the market to continue to evolve. The report claims:　　As cryptocurrency matures, there has been increased interest from technology leaders in understanding this industry.　　Bitcoin, Obstacles, And Potential For A Nascent

2021-06-15Deep Dive

JPMorgan Implies that El Salvador’s Bitcoin Move Has no Economic Benefits

According to JP Morgan, the decision of El Salvador to make bitcoin legal tender will have no economic implications.　　Following El Salvadors move to adopt bitcoin as a legal tender in the country, Wall Street giant JPMorgan seems not to be impressed by such a monumental decision from the Central American nation.　　JPMorgan Comments on El Salvadors Bitcoin Move　　In a recent note to investors, as tweeted by Financial Times correspondent Robin Wigglesworth, JPMorgan commented that the recent move made by El Salvador to make bitcoin legal tender was growth-oriented. However, the American investment bank seemed to imply that the decision by the country had no economic benefit, adding that it could hinder its negotiations with the International Monetary Fund (IMF)　　According to a statement from JPMorgan:　　“It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender and it may imperil negotiations with the IMF.”　　Indeed, the IMF made comments about El Salvador‘s move to legalize bitcoin, Gery Rice, spokesperson for the IMF, stating that there were economic and legal concerns regarding the country’s decision. According to Rice:　　“Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful

2021-06-15Deep Dive

Tanzania’s president is now calling for Bitcoin and crypto adoption

In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania‘s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen.　　Bitcoin for Tanzania　　The announcement by the President, which was made on June 14, appears to be the latest in a recent series of moves by various countries.　　“We have witnessed the emergence of a new journey through the Internet,” Hassan said while emphasising that the increasing impact of digital assets, including cryptocurrencies, on global finance is enormous.　　While noting throughout the East African region, no country has accepted or started making moves to adopt cryptocurrency; she called on the countrys central bank to be prepared for all eventualities.　　“My call to the Central Bank is that you should start working on that development. The central bank should be ready for the changes and not be caught unprepared,” Hassan added.　　The announcement in Tanzania comes on the heel of moves in countries like Mexico, Uruguay and Panama to adopt and legalise cryptocurrency as a legal means of exchange within their countries.　　Countries around the world move to adopt crypto　　Lawmakers in Mexico, for example, led by Eduardo Murat Hinojosa, had recently

2021-06-15Deep Dive

Bitcoin’s Mining Difficulty Decreases to 5-Month Low Amid China’s Crackdown

After the latest crackdown from China on Bitcoin mining and the declining hash rate, the mining difficulty has gone through another adjustment. As a result, the metric has dropped by 20% in less than a month to a 5-month low.　　China Goes Against Bitcoin Mining　　The worlds largest country by population has been reiterating its negative stance against the cryptocurrency industry for almost a decade. It did it once again in May, but this time it went a step further.　　As previously reported, some of the regions responsible for a considerable amount of the BTC hashrate received official notices to halt any Bitcoin mining operations that may “pose a safety risk related to their electricity usage.”　　Despite being the most advanced country in terms of Bitcoin hashrate for the last several years, China‘s dominance is rapidly decreasing. Some reports suggest it’s down by about 10% in a month.　　Instead, other countries, including such located in North America, are taking advantage by attracting miners through the abundance of renewable energy.　　Bitcoin Difficulty Adjusts to 5-Month Low　　While China‘s crackdown takes place and miners complete their relocation, the hashrate of the world’s largest blockchain suffers. The metric is down from its all-time high in May of over 180M TH/s

2021-06-15Deep Dive

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