Crypto Guides, Knowledge & Insights

Embrace Easter: Deco Your Egg with WikiBit

To celebrate the upcoming Easter, WikiBit is hosting a Creative Easter Egg Design Contest. We cordially invite you to participate in this event by integrating blockchain and cryptocurrency elements into your Easter egg designs, showcasing your creativity and understanding of Easter. Exciting rewards await the winners!Event Details　　Participation and Timeline：　　Submission Period: March 25th, 00:00 - March 29th, 23:59 (UTC+8)　　We will select 20 images that best represent the theme and choose the top 10 for public voting.　　Voting and Selection: March 30th - April 1st　　The 10 selected images will be ranked in a new thread based on the number of likes.　　Event End: April 1st, 24:00 (UTC+8)　　Stay tuned to our official Twitter account for prize distribution updates.　　How to Participate:　　Follow WikiBits official social media accounts.　　Create an Easter design incorporating elements from the WikiBit logo, showcasing various styles and scenes of Easter eggs.　　Share your design in the comments section of the designated WikiBit social media post, using the event hashtag #WikiBit.　　Top 10 selected images will be put up for public voting.　　Winners will be determined through social media voting.　　Results will be announced on social media and our official website, showcasing the winning designs.Prizes　　We will select 20 designs that best represent the theme and display the top 10

2024-03-25Deep Dive

Vitalik Talks About Cancun Upgrade, Quantum Threats, AI & Crypto, and Social on Farcaster

At the ETHTaipei 2024 conference, Vitalik Buterin participated in interviews with several media outlets, sharing his views on hot topics such as the Cancun upgrade, addressing potential quantum threats, AI s response to media questions:　　Q: Your activity on Farcaster seems to be higher than on Twitter. Can decentralized social applications like Farcaster really compete with Web2 social applications？ Or can they disrupt social patterns？　　Vitalik Buterin: Yes, I think one interesting aspect of the social space is that it has network effects but also anti-network effects. Twitter is a platform that aggregates various demographics but also tends to attract those who are genuinely annoying. Ive found that Farcaster has accumulated a sufficient number of users and is quite interesting. On this platform, I can engage in higher-quality interactions, although it still needs improvement.　　I believe that while Twitter may differentiate between high-quality content and users, and low-quality content and users, many criticize these mechanisms, including management and blue check verification, as they could become a centralized tool or privilege serving specific viewpoints and groups. However, the crypto space, including many non-financial applications like Ethereum, fundamentally addresses this issue and attempts to solve trust problems of this nature. Decentralized social networking can truly

2024-03-22Deep Dive

ArbitrageScanner Event in Dubai: How to make money with blockchain analysis and crypto arbitrage?

ArbitrageScanner, a prominent player in the crypto industry, is orchestrating an exclusive closed-door gathering in Dubai, uniting the titans of web3, blockchain analysis, and cryptocurrency arbitrage. Renowned as the best tool for arbitrage and blockchain analysis, ArbitrageScanner boasts a multitude of glowing customer cases and testimonials.　　Over two days, attendees will engage in high-level networking amidst opulent surroundings, complete with a swimming pool, gourmet cuisine, beverages, and limitless hookah. Admission to this event is strictly ticketed, ensuring a discerning crowd comprising only VIP guests and existing clients of the service.　　The significance of ArbitrageScanner events cannot be overstated. Beyond the opportunity to rub shoulders with industry luminaries, participants will delve into pressing topics and gain access to insider insights seldom disclosed in mainstream media. Moreover, attendees will relish the chance to luxuriate in a lavish villa while absorbing invaluable knowledge from seasoned market professionals.Dont Miss Out: Your Guide to the ArbitrageScanner Event in Dubai!　　When？ 17-18 April, Dubai　　Where？ In the largest 3-storey villa in an iconic location in Dubai.　　Who will attend of ArbitrageScanner Event？　　Traders with over $5 million in capital,　　Tier-1 crypto fund owners, major exchanges.　　Successful clients of ArbitrageScanner who have left the P2P sphere, are involved in arbitrage and are willing to share

2024-03-22Deep Dive

Federal Reserve holds interest rates, expects three cuts by end of year

In a largely anticipated move, the Federal Reserve chose to hold interest rates at their existing level on Wednesday following the Federal Open Market Committee two-day policy meeting.　　Central bankers are calling for three rounds of rate cuts by the end of 2024, projection materials released Wednesday show.　　The rate hike pause marks the central bank‘s fifth since consecutively raising interest rates from March 2022 to July 2023. Persistent inflation and improving employment data contributed to central bankers’ decision to hold rates, they said.　　“The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance,” Wednesdays statement read. “The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.”　　Longer-term inflation expectations appear to remain “well anchored,” Chair Jerome Powell said Wednesday during a press conference.　　“We believe that our policy rate is likely at its peak for this tightening cycle, and that if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint, at some point this year,” Powell said.　　Stocks inched higher and cryptocurrencies were mixed on the news. Bitcoin (BTC) was relatively flat in the moments after the Fed released its statement at 2 pm ET.

2024-03-21Deep Dive

Immutable and Polygon Labs launch Inevitable Games Fund with hopes of raising $100M

King River Capital, Immutable and Polygon Labs have partnered to launch the Inevitable Games Fund (IGF), which aims to bring additional resources into the Web3 gaming space.　　The fund wants to be ecosystem agnostic and act as a resource to encourage innovation in the on-chain gaming sector. Its investment process is led by King River Capital, with the assistance of Immutable and Polygon Labs.　　Only “professional and sophisticated investors” will be able to contribute to the fund, which has a cap size of $100 million. According to Brendan Ma, head of investments at Immutable, the funds first close has reached $30 million, and it has received commitments from investors including Alpha Wave Ventures, Merit Circle and several family offices.　　A handful of investment opportunities have already been identified by the fund, including decentralized Web3 gaming IP Pixelmon, open-world player versus player arms game Metalcore and role-playing game Guild of Guardians.　　Co-founder and managing partner at King River Capital Zeb Rice said that video game spending exceeds global revenue from movies, streaming services and the music industry combined.　　“Just as mobile gaming went from virtually zero in 2008 to 79% of gamers playing mobile today, we believe a similar shift has only just begun [with] Web3

2024-03-21Deep Dive

Exploring a New Concept in the Industry—Parallel EVM, Overview of Four Projects

Former Polygon co-founder JD once stated on social media that he anticipates every L2 in 2024 will rebrand themselves and label themselves as “Parallel EVM”.　　Paradigms CTO Georgios also believes that 2024 will be the “Year of Parallel EVM” and mentioned that exploration and design of related technologies are also underway internally at Paradigm.The Definition and Implementation of Parallel EVM　　The Parallel EVM (Ethereum Virtual Machine) is a concept aimed at improving the performance and efficiency of the existing EVM. Currently, the EVM has a crucial feature in its design to maintain network consistency and security:　　Transactions are executed sequentially. Sequential execution ensures that transactions and smart contracts are executed in a deterministic order, making it easier to manage and predict the state of the blockchain. This design choice prioritizes security and reduces potential complexities and vulnerabilities associated with parallel execution. However, under high loads, it may lead to network congestion and delays.　　Parallel EVM allows different independent transactions or smart contracts to execute simultaneously, greatly improving the processing speed and system throughput of the EVM.　　General methods for parallel EVM processing include:　　Partitioning or sharding: Transactions are partitioned or grouped, allowing them to execute in parallel. This means that different transactions can be executed simultaneously

2024-03-21Deep Dive

The TEAMZ WEB3/AI SUMMIT 2024, happening on April 13th and 14th, 2024

After the phenomenal success of last years event, the TEAMZ WEB3/AI SUMMIT 2024 is set for April 13th and 14th, taking place on the fifth floor of Toranomon Hills in Minato-ku, Tokyo. This summit is a pivotal convergence for leaders, experts, academics, investors, and developers in the Web3 and AI sectors, providing an unmatched opportunity for attendees to exchange the latest insights and delve into industry innovations.　　Since 2017, TEAMZ Inc. has been at the forefront of hosting significant Web3 summits in Japan. Despite having to pause our events due to natural disasters after several successful editions, weve faced and overcome many challenges. We were delighted to successfully host our fifth summit on May 17th and 18th, 2023. This event stood out, drawing nearly 4,000 enthusiastic attendees and numerous industry leaders in Web3 and AI. It was an event of great significance, encouraging important dialogues and collaborations.　　This year, from April 13th to 14th, the TEAMZ WEB3/AI SUMMIT 2024 aims to be even more spectacular than previous editions. Building on last years momentum, we expect this summit to be a grand assembly with over 5,000 participants. Attendees from across the world will gather to explore the latest industry trends and future possibilities.　　CO-HOST

2024-03-21Deep Dive

Lazarus Group, a North Korean Hacker Collective, Stole $3 Billion in Cryptocurrency Over 6 Years

According to a report released by the cybersecurity firm Recorded Future, the Lazarus Group, an organization associated with North Korea, has stolen $3 billion in cryptocurrency over the past six years. The report states that in 2022 alone, the Lazarus Group looted $1.7 billion in cryptocurrency, likely providing funds for North Korean projects. Chainalysis, a blockchain data analysis company, indicates that $1.1 billion of this was stolen from DeFi platforms. A report released by the U.S. Department of Homeland Security in September highlighted Lazarus exploitation of DeFi protocols as part of its Analysis Exchange Program (AEP). The Lazarus Group specializes in fund theft. In 2016, they breached the Bangladesh Central Bank, stealing $81 million. In 2018, they attacked the Japanese cryptocurrency exchange Coincheck, making off with $530 million, and targeted the Central Bank of Malaysia, stealing $390 million.Process　　Since 2017, North Korea has targeted the cryptocurrency industry as a key focus for cyberattacks, resulting in the theft of over $3 billion worth of cryptocurrency. Prior to this, North Korea had hijacked the SWIFT network, enabling them to siphon funds between financial institutions. Such activities have drawn close attention from international bodies, prompting financial institutions to invest in enhancing their own network

2024-03-20Deep Dive

Solana Meme Slerf Notches $3.2B in Volume After Developer Loses All Presale Funds

Slerf, a sloth-themed meme coin on the Solana network, raised $10 million in a so-called presale and quickly gained popularity even though the developer mistakenly burned the liquidity provider and tokens.　　The launch of SLERF comes as developers are raising millions of dollars in presales, contributing to a surge in the price Solanas SOL token, which crossed the $200 mark for the first time since November 2021.　　“This is not a joke I really f****d up and im really sorry. Was a simple mindless misclick when I was in the process of burning the the lp,” the developer said　　One of the newest tokens emerging from the Solana meme coin presale narrative has chalked up multiple exchange listings, a $3.2 billion trading volume and thousands of unique holders in a few hours after going live – despite a major fumble.　　Slerf, a sloth-themed meme coin on the Solana network, raised $10 million in a presale on Monday. The token is among several that have emerged as presales – or fundraising sales before the official introduction – in the past few days following the success of Book of Meme (BOME) earlier this month.　　However, the developer behind the project ended up losing all received funds after

2024-03-19Deep Dive

Digital Asset Fund Flows | March 18th 2024

Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior weeks all-time record of US$2.7bn.　　This weeks inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn.　　Smart contracting suffered last week, with Ethereum, Solana and Polygon seeing outflows totalling US$14m and US$2.7m and US$6.8m respectively.　　Digital asset investment products saw record weekly inflows totalling US$2.9bn, beating the prior weeks all-time record of US$2.7bn. This weeks inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn. Trading volumes totalled US$43bn for the week, the same as the prior week record and comprising a larger 47% of overall global bitcoin volumes. During the week global ETPs broke the US$100bn mark for the first time, although the price correction at the end of the week saw it settle at US$97bn.　　Regionally, the US saw US$2.95bn inflows, with minor inflows into Australia, Brazil and Hong Kong of US$5m, US$24m and US$15m respectively. While Canada, Germany, Sweden and Switzerland saw a combination of US$78m in outflows last week. This year has not got off to a good start, having now seen US$685m in outflows so far.　　Bitcoin saw US$2.86bn of inflows last week and now comprise 97% of

2024-03-19Deep Dive

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