Crypto Guides, Knowledge & Insights

Pelabur Kembali Minat Dengan Dana Kripto Tetapi Bukan Bitcoin!

Para pelabur kripto dinasihati untuk tidak terlalu teruja kerana boleh jadi fasa bearish masih belum berakhir.　　Berdasarkan pemerhatian daripada WikiBit, pelabur pasaran saham kembali menunjukkan minat terhadap dana aset digital, dengan rekod aliran masuk mencecah paras $74 juta dalam produk pelaburan kripto. Ini ringkasan kepada apa yang berlaku, mendorong kepada kebangkitan pasaran:　　Bitcoin (BTC) mencatatkan aliran keluar bersih sebanyak $4 juta. Pasaran altcoin, Cardano (ADA), XRP, dan Polkadot (DOT) masing-masing mencatatkan aliran masuk lebih $3 juta, menunjukkan pelabur berminat dengan koin Proof of Stake (PoS).　　Ethereum (ETH), pemenang perlumbaan ini, menyaksikan aliran masuk sebanyak $47 juta, menjadikan produk aset ini mendominasi pasaran sehingga 27%.　　Lonjakan harga pada pagi ini barangkali sebahagiannya didorong oleh laporan penyelidikan daripada institusi akademi Universiti Pennsylvania dan kewangan, Goldman Sachs. Pada minggu lepas, kedua-dua institusi itu telah menulis satu kajian yang menfokuskan kepada Ethereum sebagai simpanan nilai kerana wujud kepentingannya kepada ekosistem DeFi.　　Melalui lambakan projek, bermula dengan pelancaran penyelesaian layer two scaling, Arbitrum dan EIP-1559 bagi tujuan mengurangkan kos gas yang meninggi, termasuk peralihan kepada konsensus model PoS, tidak hairanlah mengapa Ethereum menjadi sasaran!

2021-06-11Deep Dive

Will Digital Money Market Collapse?

The plummet of cryptocurrencies has shaken the confidence of countless traders. Will the digital money market be doomed？ How can we cope with the situation？ Answers can be found herein.　　If you just speculate digital assets based on the hearsay from your chat groups that includes pyramid schemes, multi-level marketing, and a hundred or thousand-time increase of prices played up by a cluster of people, you are apt to draw a conclusion as you always did in face of any hype before that this market will be finished when you see the plunge of cryptocurrency prices.　　On the contrary, if you follow the latest progress of all projects every day, contemplating the influence on the future made by new forms, including Decentralized finance (DeFi) and non-fungible token (NFT), you will firmly believe that the cryptocurrency market will never end but be bound to create the phenomenal situation beyond people‘s expectation. There is no doubt that the fluctuation of digital asset prices affects people’s fortune but your better understanding of blockchains can help you surpass the majority.　　Views pertinent to the industry are listed as follows:　　There is a consensus that the bull market will come in September or October.　　The market will experience movements in

2021-06-11Deep Dive

4 major challenges cryptocurrency continues to face in 2021

While its true that cryptocurrency is something investors no longer shy away from, the general public has yet to fully trust it as a replacement for credit cards and cash. If cryptocurrency is to win the support of everyday people, here are four major issues that need to be overcome.　　1. Volatility and Liquidity　　While Bitcoin is continuing to rise in value along with other types of cryptocurrency, this is not necessarily good news for everyone. The rise in prices is great for investors, but stability is needed to see cryptocurrency gain widespread acceptance. Stability will allow cryptocurrency to become a reliable store of value. Rapid increases and decreases in price, on the other hand, will erode cryptocurrencys ability to be widely used.　　While Bitcoin, at least, seems to be becoming less volatile than before as it matures, the same cannot be said for all types of cryptocurrency. The sheer number of existing, disappearing, and new types of cryptocurrency going live is also affecting the overall stability of cryptocurrency. Regulation, then, will be needed in order to control the volatility of the category overall.　　However, regulation is not hailed by all as a viable solution. Many note that the fact that cryptocurrency is deregulated

2021-06-11Deep Dive

China’s Weibo Ban On Crypto – Why Is It Important?

China‘s ban on cryptocurrencies takes another turn as the crackdown on influencer’s social media accounts intensifies.　　Weibo, the “Chinese Twitter” has suspended accounts for breaking relevant laws and regulations surrounding crypto.　　Experts suggest that China is doing everything possible to prevent an “Elon Musks situation” in its market.　　The crypto ban, coupled with the suspension of Weibo accounts, has negatively affected the market.　　The crackdown on cryptocurrencies in China is not slowing down, or rather, the government is demonstrating that it can and will enforce the ban across all levels. On Saturday, June 5th, Weibo users whose accounts were associated with crypto trades, mining, and influencing, were suspended from the platform for breaching the laws of the country. The move saw a subsequent 5% drop in the price of Bitcoin this weekend.　　As China continues to reinforce its anti-crypto stance on a daily basis, some users have begun looking for loopholes that allow them to carry out crypto-related activities despite their suspension. One thing is for certain; China means business, and the crackdown is affecting the price of Bitcoin and the whole market.　　The Ban Hits Social Media　　China has always had a negative stance on Bitcoin and cryptocurrencies, dating back to 2013. The governments decision to

2021-06-11Deep Dive

Crypto Exchange Kraken Disables Margin Trading for Some U.S. Residents

The crypto exchanges decision to restrict margin trading comes as a result of “regulatory guidance.”　　Crypto exchange Kraken has announced that it will disable margin trading for some U.S. residents from June 23, “in light of regulatory guidance.”　　Margin trading involves an investor borrowing funds from a third party—in this case, the exchange—to make trades for more than they actually own. Kraken allows traders to trade margin up to five times the initial value.　　According to a blog post by Kraken, U.S. residents will need to be verified at the Intermediate level on the exchange and self-certify as an Eligible Contract Participant (ECP) under U.S. law to qualify for margin trading.　　An ECP is an individual or group thats permitted to engage in financial transactions that arent open to retail clients. To qualify, individuals are required to have assets of $10 million invested on a discretionary basis, while institutional clients need to have $10 million in total gross assets.　　From June 23, Kraken users who dont meet those requirements will only be able to reduce, close out, or settle existing margin positions and wont be able to open new ones.　　Krakens decision to restrict margin trading follows similar moves by other exchanges. In November 2020, Coinbase

2021-06-11Deep Dive

Bitcoin Mining Farms in El Salvador to Utilize Clean, Cheap, Renewable Volcanic Energy, President Bu

Bitcoin mining farms operating out of El Salvador will soon be able to access and utilize clean, affordable, and renewable energy from the countrys active volcanic activity.　　This latest development was announced on Twitter by President Nayib Bukele who said that the country‘s state-owned geothermal electricity company LaGEO will be in charge of the project. LaGEO will be authorized to offer such farms with abundant zero-emissions energy tapped directly from the country’s active volcanoes.　　“Ive just instructed the president of @LaGeoSV (our state-owned geothermal electric company) to put up a plan to offer facilities for #Bitcoin mining with very cheap 100% clean 100% renewable 0 emissions energy from our volcanoes.”　　President Bukele: “This Is Going To Evolve Fast!”　　Shortly after the announcement, President Bukele further added that engineers working on the volcanic activity site have just completed drilling a new well that will provide approximately 95 Megawatts of clean and zero-emissions energy.　　As a result, a new Bitcoin mining Hub is going to be set around the new well which is reportedly spewing pure water vapor, according to a video shared by the President on Twitter.　　“Starting to design a fill #bitcoin mining hub around it.”　　Commenting on the exciting news, founder at Morgan Creek digital assets

2021-06-11Deep Dive

Privacy-focused platform says it solves burning issues in blockchain and DeFi space

A privacy-enabled blockchain platform delivers high levels of scalability and the ability to tokenize data, unlocking a plethora of powerful use cases.　　A privacy-enabled blockchain platform says its goal is to build a responsible data economy and usher in a new era for this technology.　　Oasis Protocol says it brings privacy and scalability to DeFi — ensuring that this new approach to finance can expand beyond early adopters to reach the mass market.　　Controlling privacy　　Support for confidential smart contracts is a key differentiator of the Oasis Network. The contracts play an important role in preserving privacy by allowing a trustless decentralized blockchain without having to make that smart contracts data public. This leaves the network able to solve emerging problems in the DeFi space like front-running and market manipulation while also making advances in the tokenization of data assets.　　Tokenized data can also solve some of the burning issues that exist in todays online world, including how personal information is monetized. According to Oasis, the Parcel SDK allows the development of tradable data-backed tokens allowing everyday users to give explicit permission to apps that want to analyze their data — and control how sensitive information about them is consumed. This would allow novel ways

2021-06-11Deep Dive

Polis Diraja Malaysia Rampas 255 Mesin Bitcoin Haram

Sebanyak 255 mesin bagi aktiviti melombong mata wang digital bitcoin dengan nilai anggaran RM382,500 dirampas polis dalam tiga serbuan di sekitar daerah Tampin.　　Ketua Polis Daerah Tampin, Superitendan Anuwal Ab Wahab berkata, serbuan pada Rabu jam 6 petang hingga 10.15 malam itu dilakukan oleh Bahagian Siasatan Jenayah Ibu Pejabat Polis Daerah Tampin dengan Tenaga Nasional Berhad (TNB) selepas hasil risikan dan maklumat diterima.　　Tiga serbuan dilakukan ke atas tiga buah premis di kawasan Gemas dan Gemencheh yang dipercayai menjalankan aktiviti bitcoin.　　“Pemeriksaan mendapati kesemua premis dijadikan lokasi aktiviti bitcoin dan terdapat 255 buah mesin keseluruhannya,” katanya dalam satu kenyataan pada Khamis.　　Menurutnya, turut ditahan seorang lelaki tempatan berusia 25 tahun dipercayai penjaga premis.　　Ujarnya, polis turut mengeluarkan kompaun terhadap lelaki terbabit kerana melanggar prosedur operasi standard (SOP) Perintah Kawalan Pergerakan (PKP) 3.0.　　Anggaran kerugian yang ditanggung TNB bagi aktiviti tersebut iaitu RM444,366.77.　　“Kes disiasat mengikut Seksyen 427 Kanun Keseksaan dan Seksyen 37 Akta Bekalan Elektrik 1990,” katanya.　　Sumber : Sinar Harian

2021-06-11Deep Dive

SEC Again Warns Investors Against Bitcoin Futures Funds

The U.S. Securities and Exchange Commission (SEC) reiterated the risks of investing in bitcoin (BTC) futures-focused funds with a staff note on Thursday that underscores the uphill battle that U.S. bitcoin exchange-traded funds (ETFs) face.　　In an emailed investor bulletin obtained by CoinDesk, staffers “urge investors considering a fund with exposure to the Bitcoin futures market to weigh carefully the potential risks and benefits of the investment,” the note said, warning investors that the cryptocurrency as an investment is “highly speculative.”　　This is the second recent warning the SEC has sent out in regards to Bitcoin‘s risk. Last month, it sent out a note to investors highlighting that it may not be safe yet to support an exchange-traded fund under the Investment Advisers Act of 1940 because of Bitcoin’s volatility.　　Most bitcoin ETF applications are filed under a different law, the Securities Act of 1933, due to differences in how these laws treat such applications. The SEC has long warned against filing bitcoin products under the 40 Act.　　This comes at a time when large traditional banks and investment funds increasingly announce their interest in cryptocurrencies, both personal and corporate. In March, investment bank Morgan Stanley started offering clients access to Bitcoin funds and

2021-06-11Deep Dive

Ronaldinho menyertai KISHU sebagai duta jenama

Sekali lagi dunia matawang kripto digegarkan lagi oleh token meme. Kali ini giliran KISHU INU pula mencetuskan suasana meriah bagi peminat-peminat token meme seluruh dunia.　　Dengan penyertaan bintang bolasepak terkenal Ronaldinho yang sememangnya mempunyai ramai peminat tersendiri, perkara ini menjadi bualan hangat sejak pagi tadi mengenai isu ini. Ramai di kalan pemain kripto mula menyebarkan tweet-tweet dan poster yang dikaitkan token KISHU dengan Ronaldinho.　　Adakah ini musim token meme menjulang kejuaraan mamaut hati kesemua pemain kripto ？ kekal bersama WikiBit untuk mendapatkan info-info yang berguna untuk anda. Menurut data daripada WikiBit, sepenuh masa harga token KISHU telah mencecah 504.97% kenaikan harga dengan jumlah market cap RM1.2164 billion hari ini sejak dilancarkan.

2021-06-11Deep Dive

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