Mga Gabay, Kaalaman at Insight sa Crypto

Top 3 Biggest Gainers Amid Crypto Market Recovery

With a growth of 1.30%, the combined crypto market capitalization has grown remarkably over the past weekend, considering the consistent onslaught the market has been experiencing across the board. 　　With recovery currently underway, here are the top 3 altcoins charting a more bullish upside in the market as the new week comes into view.　　Cardano (ADA)　　Cardano is one of the most renowned blockchain protocols around today with a goal of becoming the dominant smart contracts platform. Spearheaded by Charles Hoskinson, the founder of IOHK, ADA is currently changing hands at $0.5765. While this price figure is 81.48% below the coin‘s All-Time High (ATH) price of $3.10, it is notably up by 22.06% in the past week at the time of writing according to CoinMarketCap’s data.　　The growth in Cardano might have been triggered by the positive sentiments gleaned from CoinShares data that shows institutional money is gradually moving from Bitcoin (BTC) and Ethereum (ETH), into Cardano.　　Helium (HNT)　　Helium (HNT) is designed as a decentralized blockchain-powered network for Internet of Things (IoT) devices. The Helium protocol operates via a bespoke consensus mechanism called proof-of-coverage (PoC) which rewards users for contributing to mining (validating transactions) and ensuring stability.　　HNT is amongst the high fliers altcoins in

2022-06-07Malalim na Pagsisid

Coinbase is Safest Crypto Exchange Overall: BrokerChooser

Coinbase is the safest among all cryptocurrency exchanges globally in 2022, according to research by BrokerChooser.　　The largest crypto exchange in the US by trading volume is well known for its robust security features, according to the research.　　On a scale of 5, Coinbase received 4.1 for the overall safety score. The exchange was also ranked as a tier 1 for other sub-categories.　　While FTX US Derivatives was second with a score of 4.0 and Bitstamp was third with a score of 3.8.　　BrokerChooser analysed the largest cryptocurrency exchanges on four main pillars: regulation, consumer protection, market fairness and transparency to reveal the safest exchanges for investors.　　In terms of safest exchanges for regulation, FTX US Derivatives, Gemini and Kraken Futures shared the top spot with an overall score of 5 on a scale of 5, BrokerChooser revealed.　　The research also revealed that the least safe exchange for regulation was Kucoin and Bybit, with an overall score of 1 each.　　In the safest exchange for consumer protection category, Gemini led the table with a 4.8 score out of 5. 　　The research revealed that Gemini has a high level of protection for both crypto and fiat holdings, and the exchange has not experienced a hacking incident in the

2022-06-06Malalim na Pagsisid

Experts Suggest Merely Tokens Might Survive after LUNA's Collapse

With the current drastic plunge, investors have been concerned about the future of cryptocurrencies. Several industry experts had a recent conversation with CNBC media where they tried to explain the outlook of the crypto market.　　Most market experts agree that many of the currently existing 19,000 cryptocurrencies and dozens of blockchain platforms will disappear in the coming years.　　While Scott Minerd, Guggenheims Chief Investment Officer, admitted that most cryptocurrencies are junk, he suggested Bitcoin and Ethereum would survive.　　Brad Garlinghouse, CEO of cross-border blockchain payments company Ripple, mentioned that there would likely be mere “scores” of cryptos that remain in the future. “I think theres a question about whether or not we need 19,000 new currencies today. In the fiat world, there are maybe 180 currencies,” the executive said.　　Bertrand Perez, CEO of the Web3 Foundation, pointed out that the recent fall in the prices indicated a huge drawback to the market. The collapse of “stablecoin” called TerraUSD and associated digital token Luna, rejuvenated discussion of whether thousands of cryptocurrencies in existence will all survive.　　“One of the effects of what we‘ve seen last week with the Terra issue is we’re at the stage where basically there are far too many blockchains out there, too

2022-06-06Malalim na Pagsisid

KuCoin Rolls Out Decentralized Crypto Wallet to Aid Web3.0 Exploration

As the gateway to explore and discover the Web3.0 world, KuCoin, a Seychelles-based crypto exchange, has rolled out a decentralized product dubbed KuCoin Wallet.　　KuCoin Wallet offer crypto services to users with GameFi, decentralized finance (DeFi), and non-fungible tokens (NFTs) functions for a convenient experience in the Web3.0 space. 　　Johnny Lyu, KuCoins CEO, explained:　　“As the gateway to the Web 3.0 network, crypto wallets are an important requirement for users to participate in the decentralized ecosystem and have developed beyond a mere tool to store digital assets. The launch of the official website of KuCoin Wallet is additional proof that shows the determination of KuCoin to enter the Web 3.0 field at a critical time.”　　The exchange sees the wallet as a stepping stone towards more investments in the Web3.0 sector.　　Jeff Haul, the head of KuCoin Wallet, noted:　　“KuCoin always hopes to better cater to the needs of all classes of investors. The release of the official website of KuCoin Wallet is one step further for KuCoin to make an exploration in Web 3.0.”　　KuCoin said its wallet supports multi-chain aggregation powered by the KuCoin ecosystem. It allows users to create a decentralized account for Web 3.0 in seconds and send, receive, and store BTC,

2022-06-03Malalim na Pagsisid

Binance Raises $500m Crypto Fund to Enhance Blockchain & Web3 Adoption

Binance, one of the leading crypto exchanges, has raised $500 million to invest in projects that propel crypto use cases and aid the adoption of blockchain and Web3 technologies.　　Through its venture capital and incubation arm dubbed BinanceLabs, the exchange sees the investment fund as a stepping stone towards more discovery and exploration in the Web3 space.　　Changpeng Zhao (CZ), the founder and CEO of Binance, pointed out:　　“The goal of the newly closed investment fund is to discover and support projects and founders with the potential to build and to lead Web3 across DeFi, NFTs, gaming, Metaverse, social, and more.”　　In a Web3 environment, CZ believes “the connection between values, people, and economies is essential,” adding that “If these three elements come together to build an ecosystem, that will accelerate the mass adoption of blockchain technology and crypto.”　　Some of the leading global institutional investors supporting the crypto fund include Breyer Capital and DST Global Partners. The fund is also financed by major family offices, private equity funds, and corporations. 　　Having incubated and invested in at least 100 projects spread across 25 nations since 2018, Binance Labs undertakes investments in three distinctive levels: incubation, early-stage venture, and late-stage growth. 　　Per the announcement:　　“Early-stage venture investments

2022-06-03Malalim na Pagsisid

KuCoin and Pyth Network Form a Strategic Partnership

According to the Financial Post, which cited a statement from KuCoin, the Seychelles-based cryptocurrency exchange KuCoin has announced a strategic alliance with the Pyth Network.　　KuCoin has committed to providing real-time pricing of trading pairs listed on KuCoin to the Pyth network, enabling all traded currencies on KuCoin to the Pyth network and completing the whole chain of crypto market values.　　The Pyth Network is a specific Oracle solution for handling latency-sensitive financial data, which is normally maintained behind a “walled garden” at a central authority.　　The Pyth networks entire goal is to create a new low-cost mechanism to safely collect this unique data on-chain.　　KuCoin CEO Johnny Lyu said: “As the Peoples Exchange, KuCoin is committed to providing users with a better crypto experience while also joining forces with more organizations to bring crypto to the masses. Bringing real-world data on-chain is one of the infrastructures of the DeFi world. We look forward to building a more transparent on-chain data marketplace in the blockchain industry through Pyth network as a key partner, which will help to create a new DeFi world that is more collaborative and open and accelerates crypto to mass adoption.”　　KuCoin Exchange, the worlds fifth-largest brokerage platform by trading volume, has

2022-06-03Malalim na Pagsisid

Coinbase Will Suspend Employment Offers Extended to New Employees

Coinbase Global Inc, the largest trading platform in the United States, is going all in on its no-hiring plans, which were disclosed around two weeks ago by Emilie Choi, the firms President and COO.　　According to a fresh update from the companys Chief People Officer, L.J Brock, the no-hiring procedures will be prolonged, and some newly sent offer letters for employment will be rescinded.　　Brock stated that the corporation has to re-evaluate its position in light of the present economic environment, which is generally unfriendly to business. According to the exchange, the additional restrictions will help it curb excessive spending as it battles to emerge stronger from this unparalleled economic onslaught.　　“We will also rescind a number of outstanding offers for people who have not started yet. This is not a decision we make lightly, but is necessary to ensure we are only growing in the highest-priority areas,” the exchange said.　　The Nasdaq-listed corporation, on the other hand, stated that new personnel within the compliance and security team will not be tampered with because it has a high standard to uphold and client funds to protect. The corporation stated that it is prepared to assist affected candidates in mitigating the effects of the latest

2022-06-03Malalim na Pagsisid

Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the projects community pool and also deployed for past liquidity on Ethereum.　　The total number of votes favouring the action was 99.3% of the total number. According to CoinGecko, the total number of tokens to be burnt equals more than 1.3 billion UST or around 11% of the existing 11.2 billion UST supply.　　The burn will be taken care of by Terraform Labs - Terras core development firm - and it will be conducted in two phases, the Terra governance forum revealed.　　In the first phase, Terraform Labs will permanently remove about 1 billion UST from the supply chain by sending those tokens from Terras community pool to a burn module.　　While in the second phase, Terraform Labs team will bridge back 370 million UST to Terra from the Ethereum blockchain and destroy them.　　The dollar-pegged algorithmic stablecoin UST token plummeted to $0.04 cents earlier in May, representing a 93% drop from its value prior to the fall from dollar parity.　　The decision to burn the UST tokens comes following approval by the Terra governance system of the revival plan to re-launch the Terra blockchain

2022-05-30Malalim na Pagsisid

Elon Musk Sued by Twitter Investors for Delayed Disclosure

Twitter investors are out for Elon Musk, the Chief Executive Officer of electric auto manufacturer Tesla Inc for causing them some punitive damages.　　According to The Guardian and multiple sources, the group of investors said Elon Musk saved himself about $156 million for failing to disclose that he had purchased more than 5% of Twitter shares by March 14.　　The investors said Musk continued to acquire the social media giants shares and, by so doing, profited from a relatively low price before finally announcing the acquisitions in early April.　　The investors are led by Virginia resident William Heresniak who noted that “By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought the Twitter stock at an artificially low price.”　　The lawsuit was filed in San Francisco, and William and his fellow investors wish for the case to be classified as a Class Action. They are demanding an undisclosed amount of money in compensation for all punitive and compensatory damages.　　The Elon Musk acquisition of Twitter is currently being dragged on for a long as the billionaire said he wants the company to provide proof that spambots do not exceed 5% of the social media‘s total user base. In the

2022-05-30Malalim na Pagsisid

OKX Signs Formula 1 Driver Daniel Ricciardo as Brand Ambassador

OKX, a global cryptocurrency exchange and web3 platform, announced on Thursday that it has partnered with Daniel Ricciardo, McLaren Racing Formula One driver and crypto trading enthusiast.　　Ricciardo will serve as an OKX ambassador role during the 2022/23 racing season based on the partnership.　　OKX and Ricciardo will collaborate to supercharge the fan experience through a series of activities. Such activities include a global campaign, supported by Ricciardo, aimed at educating fans on cryptocurrency trading and collaborating with designers from underrepresented communities to create a special edition racing helmet that will be worn during a race.　　The relationship will also lead to new and exciting opportunities that will give Ricciardos fans an intimate insight into his cryptocurrency trading journey, with the chance to interact and get to know him away from the racetrack.　　OKX is Ricciardos preferred trading platform of choice, along with other 20 million users in over 180 international markets worldwide.　　The partnership with Ricciardo comes after British Formula One team McLaren Racing signed a multi-year sponsorship deal with Malta-based cryptocurrency exchange OKX early this month. The deal made OKX the official primary partner of McLarens F1 team and Shadow esports Team from 2022.　　The 2022 Monaco Grand Prix on Sunday, May 29, will

2022-05-30Malalim na Pagsisid

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