Crypto Guides, Knowledge & Insights

Warriors of Future to be Asia's First NFT Blockbuster

The NFT collection will have 10,000 unique 3D avatars of four different sorts of warriors and will be minted on August 6. It will also use the Ethereum (ETH) blockchain.　　Warriors of Future will feature an innovative interchangeable system in the NFT collection, allowing users to swap qualities between NFTs.　　The background, helmet, arms, armour body, and weapon are all replaceable. According to the report:　　“These interchangeable elements will be reflected in the NFT marketplace in real time.” In addition, the holder will be able to utilize their NFT as an avatar in the future Warriors of Future mobile game.　　The Warriors of Future is a science fiction film set in the future, when the Earth has become devoid of life due to pollution and climate change. Regardless, a meteorite brings extraterrestrial life to Earth. The film, which took six years to make, is set to be released in theaters throughout Asia this year.　　Ella Wong, One Coo Groups Chief Financial Officer, stated:　　“We are ecstatic to unleash the boundless possibilities of the entertainment business driven by blockchain for our next-generation users.” Warriors of the Future, our upcoming film, acts as a pioneer in such a cooperation, allowing us to explore more possibilities in the future.　　“We

2022-08-02Deep Dive

Huobi will expand in Australia and seek crypto trading approval.

If accepted, this registration will allow the trading platform to grant recognition in the country. As a result, it can only carry out a restricted amount of transactions, including FX and cryptocurrency transactions. While it awaits complete license permission to offer a full crypto exchange business in the country, it will make do with the clearance it currently has.　　With the Forex transaction permit, the exchange will be able to trade in Australian dollars, foreign currencies, and cryptocurrencies.　　The Australian crypto registration and licensing efforts follow the exchanges move into Dubai after receiving provisional clearance from the Dubai Virtual Assets Regulatory Authority for the MVP (VARA). At the same time, it is awaiting approval from the country. Huobi also has a legal presence in South Korea, Japan, and Gibraltar, and its regulatory ambitions have expanded into New Zealand.　　“We have always made security and compliance our top objectives because we think that only by doing so can we expand alongside the industry and deliver professional and secure services to our users,” stated Lilly Zhang, Chief Financial Officer at Huobi Global. “We are encouraged by the increasing number of licenses and registrations we have obtained around the world, which reflects our dedication to compliance

2022-08-02Deep Dive

Binance.US will delist AMP in response to the SEC's claim that the token is a security.

Binance.US stated in a statement on Monday that the exchange always supports openness while following to federal authorities mandates.　　According to the exchange, projects trading on its platform shall continue to meet listing standards based on the legally allowed scope of the Digital Asset Risk Assessment Framework.　　The US announced it will delist the AMP token “out of an excess of caution” due to probable federal regulator enforcement.　　On August 15, the exchange announced that it will close Amp (AMP) deposits and delete the AMP/USD trading pair from its platform. The move followed the SECs reference of the token in legal proceedings, according to the exchange.　　The SEC designated nine crypto assets as securities last week, on July 21, and the AMP coin was one of them.　　Binance.US wrote in a blog post, “We think that, in some situations, delisting an asset best protects our community from unnecessary risk.” We work in a dynamically changing industry, and our listing and delisting procedures are structured to respond to market and regulatory changes.　　According to US, AMP is the sole token trading on its platform among the nine identified in the SECs legal case. According to the regulators ruling, the exchange added that it may restart trading of

2022-08-02Deep Dive

Storing Cryptocurrencies Safely: Are Digital Wallets Safer Than Exchange Custodial Wallets?

In recent years, it has become increasingly difficult to trust trades. While cases of cryptocurrency fraud and hacking via exchanges are on the rise, there have been instances where exchanges have halted withdrawals owing to internal issues. In one of the most recent crypto heists, hackers stole about $615 million in bitcoin from blockchain company Ronin Systems in March of this year.　　How Are Cryptocurrencies Stored？　　　　You may either buy cryptocurrencies via an exchange like Binance or FTX and store them in their custodial wallets, or you can buy from a platform like crypto.com or Metamask, which will offer you with a digital wallet address on the blockchain, a public key, and a private key. When you buy cryptocurrency via an exchange, your money is housed in the platforms account, and when you send money to someone, it passes through the exchange and is thus traceable. A custodial wallet is the name given to this sort of wallet. This method, known as Centralized Finance (CeFi), is comparable to that used by traditional banks. When you keep cryptocurrency in a digital wallet, you receive a wallet address and can conduct person-to-person transactions without having to go through an exchange. Decentralised Finance is the

2022-08-02Deep Dive

Cryptocurrency Security Token

What Is a Security Token？　　Because blockchain technology arose from the field of data science, many of the terms used in cryptocurrency and tokens are interchangeable. One of them is the term “token.” In data science, a token is a value, such as a randomly generated number, that is assigned to sensitive data to mask the original information. A token in a blockchain is a number assigned to data stored on the blockchain. Tokenization is the process of giving a token to an asset.　　A security token is a digital asset that represents ownership or other rights and transfers value from an asset or bundle of assets to a token as an investment asset. Security tokens are the digital equivalent of traditional investments such as stocks, bonds, or other securitized assets. For example, instead of issuing stock, a company that wishes to raise funds for an expansionary project may choose to issue fractionalized ownership of their company via a digital token. This token could then be offered to investors on an exchange that accepts digital security tokens.　　Learn more about security tokens, including how they operate and are regulated, as well as how they differ from other digital assets.　　Understanding Security Tokens　　To understand security

2022-08-02Deep Dive

Is Latoken a good Crypto Exchange?

By: Damian Okonkwo　　Very often when people wish to choose a crypto exchange for buying and selling cryptos, they look out for those crypto exchanges that satisfy their quest which includes: Regulations, Low trading fees, multiple coin listings, High trading volumes, Rich educational contents for traders, good customers support system, positive users experience and large number of users.　　Hence, when people mention ask for a good crypto exchange to trade, they are indirectly asking if the exchange had satisfied these demands above. This work has therefore weighed Latoken crypto exchange in the light of these factors sought after by crypto traders to see if it can be regarded as a good crypto exchange.　　Our discovery is that Latoken crypto exchange has satisfactorily met these demands and therefore qualifies as a good crypto exchange recommended for all crypto traders today.　　Features of Latoken crypto exchange 　　LATOKEN cryptocurrency exchange is a global trading platform for buying and selling various cryptocurrencies. This exchange was founded in 2017 by Valentin Preobrazhenskiy. The exchange has grown from its creation to rank among the top 5 cryptocurrency exchanges according to Trust Score rankings. Latoken exchange has active traders in more than 210 countries aside US and China. Latoken lists all

2022-08-01Deep Dive

Tiffany & Co. to Create CryptoPunk NFT Pendants Tiffany & Co. will use non-fungible tokens (NFTs) to

The agreement is currently solely with CryptoPunk, and holders of those NFTs can change them into personalized pendants with gemstones and diamonds.　　The 250 tokens are limited, according to Tiffany s edition number.　　The owners will receive a digital depiction of the pendant as well as a certificate of authenticity in addition to the physical goods.　　The campaign was launched in April after the companys vice president, Alexandre Arnault, transformed his CryptoPunk #3167 into a pendant.　　Download our app WikiBit to stay up to date on this risky industry and check the qualifications and reputation of projects to protect yourself from hidden danger in this risky industry!　　 iOS: t.ly/UUCj　　 Android: t.ly/cfYt

2022-08-01Deep Dive

Ethereum Address Activity Continues to Ascend

ETH addresses holding more than ten coins have also reached new highs. This increase in address activity has been critical in igniting the positive momentum seen in the Ethereum network.　　According to CoinMarketCap, the second-largest cryptocurrency rose 11.09 percent in the last seven days to $1,691 during intraday trade.　　The recent news that the most likely date for the merger is September 19 has also aided Ethereums rise.　　The merger is anticipated to convert the Ethereum network from its current proof-of-work (PoW) architecture to a proof-of-stake (PoS) consensus mechanism, which has proven elusive for several years.　　Because validators will stake Ether instead of solving a cryptographic puzzle, the PoS algorithm will allow for more cost-effective and environmentally friendly block confirmation.　　As a result, the merging is expected to be the most significant software upgrade on the Ethereum network.　　Download our app WikiBit to stay up to date on this risky industry and check the qualifications and reputation of projects to protect yourself from hidden danger in this risky industry!　　 iOS: t.ly/UUCj　　 Android: t.ly/cfYt

2022-08-01Deep Dive

Zipmex Files for Bankruptcy and Requests Moratoriums from Third-Party Creditors

With the latest development, Zipmex revealed that company has applied for a moratorium in Singapore, which will insulate it from its creditors in the country while it investigates alternative solutions to its problems. According to local media, five applications were lodged last Friday (July 22) on behalf of the firms various businesses seeking moratoriums on legal procedures for up to six months.　　“We submitted moratorium applications in Singapore for all Zipmex entities,” Zipmex said in a statement. “This helps protect Zipmex against third party actions, claims, and proceedings while it is active, and enables the team to focus all of our efforts on resolving the liquidity situation, without having to worry about defending potential claims or adverse actions.” It is vital to emphasize that a moratorium is not a companys liquidation, and there has been no significant status change since our last statement.　　According to Singapore law, such a submission automatically grants relief for 30 days or until a Singapore court rules on the claim, whichever comes first.　　After a successful purchase deal, American digital currency trading platform Coinbase Global Inc announced plans to invest in Zipmex as early as June of this year.　　Blockchain.News previously revealed that Zipmex is in talks with “Interested

2022-08-01Deep Dive

What Is Avalanche?

Avalanche (AVAX) is a competing cryptocurrency and blockchain platform to Ethereum. AVAX is the native token of the Avalanche blockchain, which employs smart contracts to facilitate a variety of blockchain applications, similar to Ethereum.　　The Avalanche blockchain enables near-instant transaction completion. AVAX is used to pay transaction fees and protect the Avalanche network, as well as serving as a fundamental unit of account among blockchains in the Avalanche network.　　According to reports, the Avalanche blockchain can execute 4,500 transactions per second. Avalanche, which will be launched in 2020, aspires to be quick, adaptable, secure, inexpensive, and accessible. Avalanche is an open-source project, which means that anybody can read and contribute to its code.　　Understanding Avalanche　　Both decentralized applications (dapps) and autonomous blockchains are supported by Avalanches smart contracts platform. Here are some of the features that distinguish Avalanche:　　Coin creation rate: AVAXs maximum supply is restricted at 720 million tokens, however AVAX users choose how quickly new currencies are created. AVAX holders can influence the rate of coin generation by voting on how much AVAX is paid as a reward for adding a new block to the Avalanche network.　　Transaction fee structure: Transaction processing costs vary according to transaction type and Avalanche network congestion. To enable

2022-07-31Deep Dive

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