Home
United States of America RankingGlobal RankingPopular Brokers RankingAsset RankingTrading Volume RankingScam Broker RankingApp Ranking
Feedback
Field Survey
Industry NewsMarket QuotesMarket DataRegulatory AuthorityWiki StoreAbout Us
Language
简体中文English繁體中文العربيةDeutschEspañolFilipinoFrançaisहिन्दीBahasa Indonesia日本語한국어PortuguêsРусскийไทยTürkçeاردوTiếng Việt
Scan to Download
Global Exchange Regulatory Verification Platform

Bitcoin Could Still Revisit $20,000, According to Guggenheim's Scott Minerd

In his latest interview with CNNs Julia Chatterley, Guggenheim Partners CIO Scott Minerd says that Bitcoin has been caught up in a “speculative bubble,” comparing it Gamestop and other yolo stocks.　　He believes that the largest cryptocurrency could revisit the $20,000 level if it gets hit by risk-off sentiment:　　When we get a risk-off moment, we could be seeing Bitcoin pull back to somewhere between $20,000 and $30,000 dollars. Minerd adds that these levels would be good entry points for long-term investors.　　Bitcoin is trading at $56,610 on the Bitstamp exchange after dipping to $55,600, its lowest level since March 29, earlier today.　　A long-term look　　The $400,000 Bitcoin prediction that was voiced by Minerd in mid-December led to plenty of jubilation within the cryptocurrency community.　　Soon after that, Minerd turned bearish, warning of market froth. Some were suggesting that he was attempting to talk down Bitcoin on purpose so that Guggenheim could buy it cheaper.　　When asked about the uber-bullish prediction in the most recent interview with Chatterley, Minerd said that the bellwether crypto could reach such a target over a period that stretches from “10 to 20 years.”

2021-04-08Deep Dive

WEF Summit 2021: In the Future, the Economy Will Be Tokenized

The World Economic Forum (WEF) held its Global Technology Governance Summit this week. On April 7, Michael Casey, Chief Content Officer at CoinDesk, moderated the session, Arrival of the Token Economy: From Art to Real Estate.　　The WEF panelists discussed several different ways in which tokenization is impacting society. Abdulla Bin Touq Al Marri, the Minister of Economy of the United Arab Emirates, discussed how his country intends to utilize tokenization. New Media Artist and Director of Reeps100 Studios Harry Yeff spoke about how NFTs are popularizing the use of blockchain technology.　　Finally, Sheila Warren, Head of Blockchain and Data Policy at the WEF, mentioned how tokenization might alter the concept of ownership.　　The UAEs Tokenization Plan　　Minister Al Marri spoke first about how the UAE intends to utilize tokenization to finance its ambitious growth plans. He said the country hopes to double its GDP in the next ten years. To do this, the country would need to grow by 6-7% annually. The minister said the country would do this by integrating the digital economy. He stated:　　“In our digital age, tokenization compliments the information-based technology as a decentralized way of capital allocation.”　　Accordingly, the country is looking into the tokenization of digital assets and digital

2021-04-08Deep Dive

Forbes Billionaires List 2021 Features Handful of Crypto Founders

Forbes has released their annual list of the richest people in the world. With several cryptocurrency founders featuring on the list which saw an additional 493 new billionaires created in the last year.　　2020 brought forward a turbulent year that saw the Covid-19 pandemic bring the world to a standstill. However, that hasn‘t stopped the rich from getting richer. This year’s Forbes list of billionaires saw their joint net worth grow by $5 trillion.　　The list features a handful of cryptocurrency billionaires who have made their money from the industry. While none of them feature in the top 100, the growth of cryptocurrencies and blockchain technology has certainly assisted with their net worth exploding over the past year.　　The Cryptocurrency Billionaires List　　The Forbes list breaks down billionaires based on their industries and the source of their net worth. Topping the list related to the industry sees Elon Musk, the once proclaimed “CEO of DOGE,” taking second place with a net worth of $151 billion. He falls $26 billion behind Amazon founder Jeff Bezos.　　Number 274: Sam Bankman-Fried　　Founder and CEO of quantitative crypto trading firm Alameda Research and newcomer to the Forbes billionaire list. Sam becomes the highest-ranked cryptocurrency billionaire. The FTX cryptocurrency exchange CEO

2021-04-08Deep Dive

Why JP Morgan’s CEO calls Bitcoin regulation a “serious issue”

In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19.　　Dimon seems to have changed his stance, as have other executives in the banking sector, after giving statements against Bitcoin and cryptocurrencies. In a section dedicated to the inability of the United States to “deal” with its past, he states that the country has been “distracted” about its future.　　In that sense, Dimon points out 3 “serious emerging issues”: shadow banking, financial information management, and the legal framework on cryptocurrencies. J.P. Morgan executive calls on regulators and financial system actors to take a more active stance, Dimon said:　　“Regulators need to decide what they want included in the regulatory system – and what they dont want included (…). We need to recognize that if a regulated system has higher capital requirements than the market demands, then the product will move outside of the regulated system.”　　U.S. losing edge on Bitcoin？　　The U.S. banking system holds close to $4 trillion in cash o Treasury securities. JP Morgan‘s

2021-04-08Deep Dive

PayPal Co-Founder, Bitcoin Investor Thiel Says Bitcoin Could Be Chinese ‘Weapon’

With bitcoin back in the spotlight, so too are old fears that China may be at the reins.　　PayPal co-founder and billionaire investor Peter Thiel warned that bitcoin (BTC, -1.54%) could be a “Chinese financial weapon” used to dethrone the USDs monetary status.　　Speaking alongside former Secretary of State Mike Pompeo at a virtual roundtable hosted by the Richard Nixon Foundation Wednesday, Thiel opined that, assuming China is long bitcoin, the cryptocurrency could pose a threat to the U.S. dollar‘s reserve currency status. The comments come at a time when fears over China’s assumed control over bitcoin are resurfacing.　　“Even though Im a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S…. it threatens fiat money, but it especially threatens the dollar,” Thiel said during the stream.　　More than being “pro-bitcoin” and owning the asset himself, Peter Thiels foundation was key to the creation of Ethereum when Vitalik Buterin drew a $100,000 grant to begin working on the blockchain.　　Thiel, best known now for his investment firm Thiel Ventures, has been an outspoken critic against Silicon Valley since he left the tech industry in 2018, claiming

2021-04-08Deep Dive

This Spanish AR NFT Campaign Will Give You Pokémon Go Flashbacks

If you thought youd read all there was to possibly read about non-fungible tokens (NFTs), think again, because a Spanish platform giving out hundreds of USD worth of crypto to Pokémon Go-style augmented reality (AR) hunters – as part of a plan to sell NFTs.　　Per La Voz de Galicia, residents of Viga, a city on the northwest coast of Spain, the project is part of a promotional campaign from a firm named OVR, which calls itself an “open-source, decentralized augmented reality platform.”　　To drum up interest in the token, the media outlet reports, the firm has placed NFT “treasure chests” containing varying amounts of its Ethereum blockchain-based OVR tokens at strategic points of the city. Would-be participants are obliged to make use of a designated app, and must also connect via their social media profiles.　　And just as was the case with Pokémon Go around a decade ago, “treasure hunters” armed with the OVR app on their smartphones can roam around the city in pursuit of the chests.　　A local blockchain business leader named Antonino Comesaña was quoted as stating,　　“I went hunting with my six-year-old son. We found chests full of 100 tokens and we made two or three dollars a day. But

2021-04-08Deep Dive

China Could Dominate the Crypto Space, According to Michael Saylor – Here’s Why

MicroStrategy‘s Michael Saylor is warning that China could claim hegemony over the crypto ecosystem if the US doesn’t step up.　　In a new interview at the MIT Bitcoin Expo Conference, the billionaire says its inevitable that Bitcoin will become an underlying store-of-value asset that can move across mobile payment rails around the globe while propping up fiat currency.　　However, Saylor says that if the US doesn‘t take initiative to lead that revolution, then China will. He doesn’t think this scenario will work out well for America.　　“The question really is: is the United States going to provide technology that‘s going to solve the problem of monetary economics for the entire planet or are we going to abdicate our leadership role？ And all that means is the capital moves offshore, the technology moves offshore, and people – maybe they don’t use English or the dollar, they use Chinese and CNY (Chinese Yuan). I don‘t really think that’s good for the United States.”　　The MicroStrategy chief executive says to avoid passing the torch to China, American entities need to embrace Bitcoin and its ability to serve as the underlying asset layer.　　“The mobile wallet‘s coming to everybody on the planet whether we like it or not. And

2021-04-08Deep Dive

Escalating Tensions Between Europe and the USA, and China: The Effect on Blockchain

Tension between China and the United States of America has once again resumed.　　China has accused the United States of inciting other countries “to attack China”.　　While the bout between both countries drags on (including an ongoing trade war) Europe is being sucked in.　　The reach of blockchain projects are being limited, owed, in part, to the ongoing trade war　　China, a global superpower, has endured strained relationships with other superpowers, including those in Europe and the United States of America.　　Although blockchain is not the most prominent topic of contention among these nations, the industry has been affected because of the stake these countries hold. China, for example, has blockchain companies such as NEO Smart Economy, CargoX, VeChain Tech, Pragmatic DLT inc.　　The United States Vs. China　　The United States (U.S.) Vs. China was a major source of concern during President Trumps administration. However, the strained relationship between both superpowers appears to have dragged on, entering the concerns of the new administration.　　The first high-level talks between the Biden administration and China held in Alaska in March, ended in less than ideal circumstances. In the March 19 meeting, some Chinese officials accused the U.S. of inciting other countries “to attack China”, while U.S. officials stated that China

2021-04-07Deep Dive

Here’s why Kusama (KSM) is set to change the crypto landscape

Kusama is a unique project that has been drawing a lot of attention in recent months, mainly because of its unique design functionality and future-oriented ecosystem.　　The project can be thought of as a polished iteration of Polkadot, with the platform meant to serve as a testing ground for projects, allowing them to check their scalability and interoperability functionalities before they are finally released on the Polkadot network.　　Why Kusama？　　Straight off the bat, it bears mentioning that Kusama lowers many significant barriers to entry for early-stage projects, especially those projects that are quite innovative in their design but still feature a high degree of experimentation and therefore may not be ready for large-scale deployment.　　In other words, the platform sort of serves as a precursor to Polkadot where developers can experiment and test out new blockchains or applications before releasing them.　　Another important facet of the project worth noting is that all official Polkadot updates are also tested out on the Kusama ecosystem before being released for public consumption.　　However, the difference lies in the fact that, unlike Polkadot, Kusama is quite flexible and provides developers a lot of flexibility, primarily in terms of less stringent governance parameters.　　From a design standpoint, Kusama largely resembles Polkadot

2021-04-07Deep Dive

CoinShares Introduces Litecoin Exchange Traded Product (ETP)

On Tuesday, Asset manager CoinShares, announced the launch of a new exchange-traded product (ETP), CoinShares Physical Litecoin (Ticker: LITE), making its total investment number of products to seven. The ETP will be listed on SIX Swiss Exchange first under the ticker LITE.　　According to an announcement, each unit of the ETP will be backed with 0.20 LTC listed under the ticker LITE, thus providing investors with passive exposure to the Litecoin networks native asset. The product will be traded against the US dollar as the base currency with a fee of 1.5% per annum.　　LITE will be the third such product launched by CoinShares in 2021, following ETPs announcement backed by BTC (-1.3%) and ETH (-0.69%) in January and February, respectively.　　Digital Asset Ecosystem　　Frank Spiteri, Chief Revenue Officer at CoinShares, noted that as the demand for digital assets amongst the traditional investment community gradually increases, they are beginning to observe the green shoots of demand for investment exposures outside of the two popular networks.　　He added that CoinShares dominates in designing novel ways for investors to access the digital asset ecosystem.　　CoinShares intends to add several new products to its platform to meet this growing demand from investors in the coming year. CoinShares Weekly Fund

2021-04-07Deep Dive
1
...
660662
...
743

Global Exchange Regulatory Verification Platform

Select Country/Region

You are visiting the WikiBit website. WikiBit and its mobile app are a tool for users worldwide to check exchange compliance information. Users are advised to comply with the relevant laws and regulations of their country or region when using WikiBit products.

Official Email: contact@wikibit.com；

For corrections regarding license and other information, please send to: qa@wikibit.com；

Cooperation: contact@wikibit.com

WhatsApp: 852 44962638

Telegram: https://t.me/wikibitofficialgroup

Company: COOLBIT CO., LIMITED

※ You are visiting the WikiBit website. WikiBit and its mobile app are a tool for users worldwide to check exchange compliance information. Users are advised to comply with the relevant laws and regulations of their country or region when using WikiBit products.