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

A Big Breakout Awaits ENJIN (ENJ) Following Its Scaling Update This Week

Ethereum rival Enjin is facing the prospect of posting a massive breakout rally ahead, according to a classic technical indicator and a crucial network update.　　The mid-cap blockchain project, active since 2009, provides services for building gaming communities and products for game developers. It offers a suite of tools based on a web interface that enables Ethereum digital assets in the form of ERC-1155 tokens. ENJ serves as the de-facto settlement token for the Enjin network, similar to how ether backs the Ethereum blockchain.　　JUMP ON JUMPNET　　The cost to purchase one ENJ rose more than 1,500 percent as Enjin posed an alternative to Ethereum‘s rising gas and trade transaction costs issues. Its massive upswing also came after a press release published in March revealed Enjin’s plans to launch two updates on its network to improve its scalability and interoperability.　　At the same time, these updates proposed to remove Ethereums expensive gas fees altogether while increasing support for the booming non-fungible token (NFT) industry (NFTs are novel, non-replicable cryptographic tokens that exist on a blockchain).　　The first of these upgrades, dubbed as JumpNet, will be released on Tuesday. It is “a private version of the Ethereum blockchain with a Proof of Authority (PoA) method of

2021-04-06Deep Dive

CryptoPunks are taking over Miami

Nearly 100 characters from the popular crypto-collectibles project CryptoPunks will be displayed across bus shelters and billboards in Miami for one month from April 12.　　The showcase will be hosted by non-profit art organization SaveArtSpace as part of its exhibition “Pixelated” — a month-long city-wide public art exhibition that will take over the streets of Miami for the first time this year.　　In addition to the 96 characters that will be on display across the city, the popular NFTs will also be displayed during the event as part of a pop-up exhibition of CryptoPunks in partnership with art equipment retailer Blackdove at 69 East 41st St, Miami on April 15.　　CryptoPunks was one of the first non-fungible token projects created on Ethereum, having launched in 2017.　　The project mints tokens featuring unique cartoon characters that have varying value depending on the rarity of the features they possess. All 10,000 CryptoPunks were minted when the project launched and were made available to be claimed for free.　　The tokens have since exploded in popularity to fetch exorbitant prices, with CryptoPunk 6965 — which depicts an ape in a brown hat — selling for 800 ETH worth more than $1.5 million in February, and Punk 2890 — which

2021-04-06Deep Dive

Is Ethereum Poised to Cash in on the NFT Market?

The Non-Fungible Token (NFT) market is the hottest new cryptocurrency, but its unclear if a platform like Ethereum is poised to capture these gains. An NFT is the registration of ownership of a digital object on a blockchain. An NFT is a right to a stake in the ownership of a collectible such as art or wine. It can be any media, including but not limited to art, videos, music, games, or even tweets. Non-fungible means the object is unique, making it irreplaceable. For example, crude oil with the same gravity and sulfur content is fungible, and you can trade it anywhere in the world. The Monalisa is a unique piece of art that is non-fungible.　　Most of the main NFT projects on Ethereum are marketplaces for digital collectibles. Some of these market places have thousands of daily active users, with their weekly transaction volume climbing to millions of dollars. The movement toward NFTs has put Ethereum back into the limelight. The cryptocurrency has ran up 417% in 2020 and is poised to test higher levels. The technicals are also strong, which in conjunction with this new impetus, could help Ethereum move higher.　　Why are NFTs Important？　　NFTs can be a catalyst in

2021-04-06Deep Dive

Blockchain and Crypto Startups Raise $2.6 Billion in Q1 of 2021— Figure Surpasses 2020 Total by $300

According to data analysis firm, CB Insights, about $2.6 billion was raised by some 129 blockchain-focused start-ups during the first quarter of 2021. This figure easily surpasses the $2.3 billion raised from a total of 341 deals that were seen in the whole of 2020.　　Large Capital Raising Rounds Dominate　　As noted by one report, the capital raised in this period provides further evidence that “venture capitalists are pouring money into cryptocurrency-related companies at the fastest clip in years.” However, the data also shows that this increase has largely been “fueled by several large rounds for startups including crypto lender Blockfi Inc, Dapper Labs and Blockchain.com.”　　In March, Blockfi revealed it has closed on a massive $350 million Series D funding which valued the company at $3 billion. Before that, Blockfi raised $50 million in August of 2020. Meanwhile, following this latest financing round, Blockfi has now raised about $450 million since its inception.　　Similarly, game-maker Dapper Labs, announced in late March that it had “closed $305 million funding round” and this put the start-up‘s valuation at $2.6 billion. On the other hand, Blockchain.com revealed in late March 2021, that it had secured $300M in funding via its Series C funding round. Following this

2021-04-06Deep Dive

Are Cryptocurrencies An Asset Class?

Goldman Sachs has stated that Bitcoin and other cryptocurrencies cannot be referred to as an asset class.　　The CEO of Digital Currency Group, Barry Silbert, also holds the same opinion as Goldman Sachs.　　Meanwhile, the Securities and Exchange Commission (SEC), in the ongoing saga with Ripple, referred to XRP as a security, citing the centralized manner in which it was developed and distributed.　　Do cryptos qualify to be called an asset class？　　Cryptocurrencies and the underlying blockchain technology may be still in their infancy, with Bitcoin having the first-mover advantage by launching in 2009.　　Since then, flurries of ICOs and new cryptocurrencies have flooded the market, making it inevitable that regulatory agencies would examine the impact that these digital currencies could have in the financial space.　　In an attempt to properly regulate the nascent industry, regulators and key players have sought to properly understand which category to place these digital currencies in, with rising uncertainty as to whether they are an asset class or not.　　What Is An Asset Class？　　An asset class is defined as a collection of financial instruments that tend to share similar characteristics in terms of price and financial structure.　　In fact, these asset classes are even traded in the same market and are subject

2021-04-06Deep Dive

Microsoft Patented Brainwaves Crypto Mining In 2020: Will It Ever Become Real?

So you want to start mining but don‘t have enough money to buy an ASIC or the latest GPU to mine your favorite Proof-of-Work crypto？ Don’t worry, soon you will be able to mine cryptocurrencies with the power of your mind, thanks to Microsoft. And no, its not a late April Fools day joke.　　According to documents from the World Intellectual Property Organization, Microsoft has been working for at least one year to develop a system that harnesses the energy of the human body and uses it to mine cryptocurrencies.　　The Human Body Could be A Natural Crypto Mining Rig　　The patent, called Cryptocurrency System Using Body Activity Data, explains that the human body generates energy that is lost with each natural physical body function. Microsofts idea is to use precisely this energy and put it to productive use (Matrix-style)　　“Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously.”　　As in the Wachowskis “The Matrix,” the mining process involves the user hooking up a number of sensors to different parts of the body to generate a reward when performing

2021-04-06Deep Dive

Anthony Scaramucci Bullish on Ethereum But Institutional Demand Goes to Bitcoin Only

After expressing a pro-Bitcoin opinion for several consecutive months, SkyBridge Capitals Anthony Scaramucci has outlined the merits of the second-largest cryptocurrency – ETH. Although he admitted that most institutions are still focused only on BTC, he hinted that his company could launch an Ethereum Fund in the future as well.　　Scaramucci Positive on Ethereum　　The former White House Director of Communications has been quite vocal regarding the cryptocurrency space since the end of 2020, when the company he founded in 2005 announced plans to launch a Bitcoin Fund.　　Since then, his public focus headed towards BTC, but during an appearance on the Squawk Box earlier today, Scaramucci received questions on Ethereum and its growing role as the underlying technology behind DeFi and NFTs.　　“I think theres a really big market for Ethereum, and I predict that Ethereum has good fundamentals and it will grow.”　　Furthermore, Scaramucci outlined his bullish stance on ETHs future price developments. He added that the technology around the popular blockchain project is “going to make it a sticky cryptocurrency and a store of value and something people will transact with.”　　Institutions (Still) Aim for Bitcoin　　While Scaramucci believes in ETHs potential to continue growing, he asserted that the demand from institutional investors keeps

2021-04-06Deep Dive

Is Blockchain Ready To Be Used For Defense?

Microsoft has recently signed a deal with the US Defense Department to provide them with 120,000 HoloLenses. The devices are an augmented reality concept, which Microsoft has developed specifically for the army. The contract signed by Microsoft was set at $21.9 billion and will last up to 10 years.　　Blockchain technology has not only disrupted financial systems and centralized entities but has also created new ways to protect information and increase security. Since 2016, blockchain has provided the Department of Homeland Security with heightened security levels. The potential to apply blockchain in defense has also been recognized globally as China and NATO have expressed their views concerning the use of the technology.　　What Problems Is Blockchain Solving？　　Governmental institutions such as the US Defense Department face issues with the trustworthiness of their contractors. Therefore, they demand that all contractors are held accountable for their partners and the supplies that they provide. That prevents bad actors from being directly involved with institutions that are critical for the countrys security. Blockchain technology can increase trustworthiness as it can verify and track the path of contractor components.　　The Defense Department has created protocols that contractors need to meet in order to provide services to the military. In

2021-04-06Deep Dive

Oversupplied NFT Market Sees Interest and Sales Plunge

According to NFTs marketplace tracker Nonfungible.com, there is a noticeable drop in sales over the past 10 days. The number of sales fell from 179,004 on March 27 to 156,055 on April 5. In US dollar terms, there is a 6.9% drop in this same period, from USD 223.5m to 208.2m.　　Other data in the 10-day period shows the following drops:　　active market wallets: -4.45% (49,432 to 47,232)　　unique buyers: -5.64% (39,158 to 36,952)　　unique sellers: -5.14% (20,601 to 19,542)　　primary sales: -4.37% (97,008 to 92,766) and -3.5% in USD terms (USD 64.5m to USD 62.2m)　　secondary sales: -22.8% (81,996 to 63,289) and -8.2% in USD terms (USD 159m to USD 145.9m).　　Per this data, secondary sales suffered the strongest hit.　　Looking at the 30-day data, we see 156,050 sales with USD 208.25m in total and USD 62.22 in primary sales. NBA Top Shot saw a nearly 75% decline in sales over the past month, according to evaluate.market.　　“Theres less volume on the [USD] 500 - [USD] 2000 moments than there was in Jan, which is crazy, considering the user base is probably 5-10x,” argued one TopShot user. “Gives you an idea of the type of ”collector“ currently on the site.”　　Also, per Bloomberg data, average prices for NFTs fell

2021-04-06Deep Dive

JP Morgan: Bitcoin’s Declining Volatility Makes it More Attractive to Institutions

Bitcoin recovered above $57,500 on Monday after it remained well bid above the $56,500 support zone.　　The king coin is now trading well above $58,500 after it surmounted the resistance near $58,250. If BTCUSD falls below $58,250, there could be a downward correction, with the next support on the downside sitting at $57.5K.　　BTCUSD Chart By TradingView　　JP Morgan Sets a $130K Long-Term Price Target for BTC　　In their latest research note, analysts from banking giant JP Morgan argued that BTC‘s declining volatility could boost institutional investors’ adoption.　　Nikolaos Panigirtzoglou, a researcher at JPMorgan, had earlier highlighted volatility in the BTC market as a deterrent for many institutions.　　The bank now says that lower BTC volatility could attract more investment from large organizations but clarified that the $130K theoretical BTC price target should be considered a long-term target. At this price, the flagship crypto would match the total private sector investment in gold.　　“Considering how big the financial investment into gold is, any such crowding out of gold as an alternative currency implies big upside for Bitcoin over the long term,” JPMorgan mentioned in the note.　　Big corporations worldwide have started considering BTC, which boasts a market cap of over $1.08 trillion, as an interesting gold-like asset that

2021-04-06Deep Dive
1
...
663665
...
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.