Crypto Guides, Knowledge & Insights

Anda Shiba Army ? Mari Baca...

Shiba Inu bergabung dengan fenomena coin dog meme ketika Musk mengumumkan sokongan pembangun untuk Dogecoin. Shiba Inu (SHIB) telah menjadi perbincangan media dunia kripto dan arus perdana baru-baru ini. Ia adalah duit syiling meme yang bertema di sekitar anjing Shibu Inu, sejenis anjing Jepun yang Dogecoin (DOGE) juga mendasarkan gambarnya. Menurut data dari WikiBit, SHIB mencapai paras tertinggi sepanjang masa pada $ 0,0000388 pada 10 Mei setelah melonjak lebih dari 2,500% dari perdagangan pada $ 0,00001478 pada 7 Mei.　　Token tersebut kini telah disenaraikan di kebanyakan bursa utama, seperti Binance, Coinbase, FTX, OKEX dan juga rakan sejawat India dari Binance, WazirX. Ia juga secara ringkas telah masuk ke dalam senarai 20 cryptocurrency teratas berdasarkan permodalan pasaran. Pada masa ini, ia telah menurun dalam peringkat, dengan kapitalisasi pasaran lebih dari $6 juta. Sebelumnya pada 10 Mei, kapitalisasi pasaran SHIB mencapai tahap tertinggi sepanjang masa lebih dari $13.5 bilion.　　SHIB dilancarkan pada bulan Ogos 2020, sejurus selepas hype Dogecoin di TikTok menghantar coin ini ke tahap tertinggi dua tahun. Menurut “Woof Paper”, sejumlah 1 kuadrillion token dicetak, 50% daripadanya dikunci ke Uniswap dengan kunci dibuang. Walau bagaimanapun, separuh yang lain dihantar ke dompet pengasas bersama Ethereum, Vitalik Buterin dengan cara yang tidak diundang.　　Tujuan untuk

2021-06-08Deep Dive

Chinese government agency issues blockchain development roadmap

Chinas Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption.　　The MIITs five-point agenda for blockchain adoption is part of a document issued on Monday detailing guiding opinions to accelerate the promotion of the emerging technology for industrial development.　　As previously reported by Cointelegraph, Chinas President Xi Jinping previously called for rapid blockchain adoption back in October 2019.　　Presenting its argument for blockchain adoption, the MIIT document describes the novel technology as “an important part of the new generation of information technology.” According to the IT ministry, blockchain is among a raft of new innovations like big data and artificial intelligence that are critical to Chinas continued progress.　　The MIIT document lists the economy, finance, industrialization and public services as the main focus for blockchain development in the country.　　According to the MIIT publication, traceability, data sharing and supply chain management are some of the use cases for blockchain that could have a significantly positive impact on the real economy.　　In the area of finance, the MIIT publication calls for the promotion of a greater intersection between blockchain and other emerging technologies like cloud computing, artificial intelligence and the internet.　　The

2021-06-08Deep Dive

MakerDAO Governance Votes to Include Real-World Assets

A governance poll has been launched on the MakerDAO decentralized lending platform regarding the inclusion of different types of collateral beyond the realms of crypto.　　Multiple proposals have been launched for a range of new vaults with tokenized digital assets based on real-world assets (RWA).　　The announcement on June 7 stated that the voting will be open for three days. Each proposed asset has varying collateral parameters such as the Dai debt ceiling, stability fees, and collateralization ratios.　　There are four newly proposed real-world assets that will be used as collateral for Dai minting. Currently, MakerDAO supports a range of crypto assets as collateral for the production of its stablecoin.　　Four new ‘RWAs’　　The first of the four new real world assets is a ConsolFreight DROP Token (CF-DROP).　　ConsolFreight is a software as a service (SaaS) freight technology provider that focuses on enabling digital transformation and integrating a network of entities engaged in international trade. The Asset Originator is applying to use Maker as a credit line to originate new loans against both its tokenized freight invoices and trade financing solutions.　　The next token in the proposed list is a Peoples Company Series 1 DROP Token (P1-DROP) which will be based on U.S. agricultural real estate. Maker

2021-06-08Deep Dive

Cryptocurrencies Don’t Need New Rules, Former US Regulators Say

It is one thing to go to a conference like Bitcoin Miami 2021 to hear that cryptocurrencies dont need more legal rules, and quite another to read this argument from the pens of two recognized american legal experts and former regulators in none other than the Wall Street Journal.　　In an opinion piece published on June 6, 2021; former SEC chairman Jay Clayton and former undersecretary of the Treasury for International Affairs Brent McIntosh argued that the current US Administrations stance of viewing the U.S. legal system as unfit to regulate cryptocurrencies is fundamentally flawed.　　Don‘t Reinvent the Wheel. Cryptocurrencies Don’t Need New Rules　　Clayton and McIntosh sought to refute the arguments of current U.S. Treasury Secretary (and prominent Bitcoin skeptic) Janet Yellen , who asserts that the U.S. framework isnt “up to the task” of regulating cryptocurrencies. They also believe that the thinking of Gary Gensler, current Chairman of the Securities and Exchange Commission, who said that cryptocurrency markets have no protection against fraud or manipulation, is wrong.　　For the regulatory experts, it is all a matter of applying the correct interpretation to the laws and one or another touch of legal analogy. Clayton and McIntosh claim that the U.S. legal framework already

2021-06-08Deep Dive

Recommend Reliable Tools of Speculating Cryptocurrencies to You!

Centralized exchanges (CEX)　　Those that are more commonly used include Binance and Huobi. Famous exchanges are characterized by better user experiences and higher security when compared to others in this industry, boasting strong, capable customer service teams in response to problems, .　　Decentralized exchanges (DEX)　　Their network structures are similar to that of the Internet. As such, the overall operation of a DEX is immune to a single point of failure. A DEX is a trading pair matching system that allows users to trade without the need for an intermediary institution to manage the ledger or hold their funds in a bid to protect them from unnecessary losses. Price manipulation or faked trading volumes can be prevented as everyone is on the equal footing in a decentralized model.　　Tools of analyzing trading charts　　Trading View is commonly used as it boasts real-time quotes and charts available at any time, featuring all of the instruments for publication and the viewing of trading ideas.　　Platform info search tool　　WikiBit is an info search APP on platforms at blockchains. Its core function is providing services, including search on regulation information, credit rating, and platform qualification, to blockchain projects and exchanges worldwide that are recorded by the APP. WikiBit is ready

2021-06-08Deep Dive

Chief Investment Officers Say Bitcoin Was Their Least Favorite Investment: Goldman Sachs Survey

Chief investment officers now consider Bitcoin as the least favorite in their investment priorities, according to the latest survey by Goldman Sachs.　　Goldman Sachs conducted the survey during last weeks round table sessions attended by 25 CIOs. During those sessions, it asked the CIOs to give their views and outlook on investment assets, and the results are less pleasing for Bitcoin enthusiasts who were hoping for higher price rides this week. Bitcoin is the least favorite investment choice for 35 percent of the CIOs, although it performed better than initial public offerings (25%) and rate sensitivities (20%).　　The survey results contradict those from another survey conducted by the Bank of America in May, which showed that long Bitcoin was the most crowded trade. The 216 panelists in the survey had a total of $625 billion in assets under management.　　However, the fall in Bitcoin price from over $50k at that time to the current price of $36,464 should explain the difference in the two survey results. The new survey shows that CIOs have an appetite for China‘s A-shares, and Japan’s benchmark Nikkei.　　BTCUSD Chart By TradingView　　A possible volatile weekend in the onset　　The crypto market is expecting a volatile weekend after the consumer index is

2021-06-08Deep Dive

Former SEC head and treasury undersecretary defend US crypto regulations

The regulatory pressure is mounting in the U.S., with more politicians questioning whether the current framework is adequate.　　An opinion piece penned for Wall Street Journal by former SEC Chairman, Jay Clayton, and former Undersecretary of the Treasury, Brent McIntosh, have defended the United States existing regulatory apparatus regarding crypto and warned that excessive rulemaking could stifle innovation.　　The discussions come as cryptocurrencies have been thrown into the regulatory spotlight once again in the wake of two crippling ransomware attacks in the U.S. Over the weekend, two senators deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks.　　Clayton served as SEC head from May 2017 until December 2020 and stated that the agency did not take up Bitcoin regulation because the asset was declared not to be a security before he took up his position as its head. Clayton has remained in the industry following his departure from the SEC and currently advises One River Asset Management on cryptocurrencies.　　McIntosh was the Under Secretary of the Treasury for International Affairs from September 2019 until January 2021, previously serving as General Counsel to the Department of the Treasury between 2017 and 2019.　　The pair emphasized the challenge of finding a pragmatic

2021-06-08Deep Dive

India Could Benefit if Crypto is Treated Like Gold, Says Infosys Co-Founder

Despite calling them volatile and energy-intensive to use as a means of payment, the Indian tech executive Nandan Nilekani advised the local government to accept cryptocurrencies as an asset class. He opined that the move would boost the countrys economy.　　Crypto Like a Commodity　　In a recent interview for the Financial Times, the Indian billionaire Nandan Nilekani – co-founder and chair of Infosys – appealed to the local authorities to embrace cryptocurrencies as an asset class.　　He argued that there is huge potential in the market, and the second-most populated country could gain advantages from it. Furthermore, the government should not restrict “crypto guys to put their wealth into Indias economy.”　　Nonetheless, the Indian entrepreneur agreed with many critiques that cryptocurrencies are not suitable to be used as a payment method as their fiat currency value is quite volatile and they consume too much energy. He rather opined that investors should consider them as a precious metal substitute, for example:　　“Just like you have some of your assets in gold or real estate, you can have some of your assets in crypto. I think theres a role for crypto as a stored value but certainly not in a transactional sense.”　　This is not the first time

2021-06-08Deep Dive

How Nigeria’s Twitter Ban Could Hinder Bitcoin’s Adoption Rate In Africa

The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War.　　The ban has the potential of affecting the large community of crypto traders in the country, as a lot of Bitcoin trading is facilitated by peer-to-peer (P2P) trading on social media platforms such as WhatsApp, Twitter, and Facebook after the CBN cryptocurrency ban in the country.　　Twitter is currently being accessed only via the use of VPN in the country as telecommunications companies have implemented the ban. In the long run, seeing as Nigeria contributes the most in Bitcoin trading volume, more than any other African country, a decline in trading could affect Bitcoins global price performance.　　Per our previous reports, Nigeria recently emerged as the country with the highest number of Bitcoin searches globally, with a search score that is double that of its nearest rival South Africa.　　The country was ranked to be the world‘s second-largest peer-to-peer bitcoin market and the largest in Africa in 2020. Recent data also revealed

2021-06-08Deep Dive

Chainalysis Report: U.S. Investors’ Realized Bitcoin Gains for 2020 Stood At $4 Billion

The last year of 2020 was the year that changed the tide for crypto investors. Right from hitting rock bottom in March 2020 to surging to new highs by December, investors saw the best of the bust and boom cycles. The latest report released by blockchain analysis firm Chainalysis shows that U.S. investors seemingly dominated the crypto market in 2020.　　The U.S. investors collectively made over $4 billion in realized gains in 2020 which was 3x than China that stood second. While the estimated Bitcoin gains for 2020 for U.S. investors stand at $4.1 billion, that of China stood at just $1.1 billion. As the Chainalysis report explains:　　“This may seem surprising considering that China historically has by far the highest raw cryptocurrency transaction volume, but as we‘ve covered previously, U.S.-focused exchanges saw huge inflows in 2020 that appear to have been realized toward the end of the year, which likely accounts for the country’s large gains”.　　Courtesy: Chainalysis　　High Bitcoin Adoption in Low GDP Countries　　Another interesting fact shared by Chainalysis is that there have been many countries wherein the BTC adoption has been significantly high when measured against their GDP. Vietnam, the country that ranks 53rd with a GDP of $262 billion stands

2021-06-08Deep Dive

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