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ADA Cardano News: ADA Joins Bittrex and Abra

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ADA Cardano news

Despite the crypto market’s bearish nature returning once again, recent ADA Cardano news still managed to remain mostly positive.

ADA Cardano news allow investors to stay optimistic

This year has been marked as one of the worst ones in the recent history of cryptocurrencies. Ever since mid-January, cryptos have been experiencing price drops almost constantly, and bad news continued to pile up. However, despite this, there were a few coins that have made progress, even though their prices went down with the rest of them.

Cardano (ADA) is a crypto that has experienced a significant increase in visibility and exposure, even though its price followed the behavior of the rest of the market. The most recent positive ADA Cardano news have seen this coin joining some big exchanges, with Bittrex being the most important one. In adding ADA, Bittrex exchange added to the coin’ popularity, confidence, and trust.

Another big and positive Cardano news includes the coin joining the Abra wallet. These two entities made a big step towards mass crypto adoption, and have made a big step ahead of the others.

Cardano joins Abra and Bittrex

Cardano’s addition to a known exchange and wallet are a clear signal that the demand for digital assets and fiat currency is there. Still, the fiat pairing will not include all cryptos, since there are strict parameters that the coins need to meet. Mostly, the listing will only include those coins that have a potential for extra liquidity.

Cardano is definitely one of them, but it seems that ZCash might be another such coin. When it comes to Cardano, its goal is to achieve mass adoption primarily in developing countries. The population of these countries usually has very limited access to banking services. The problem grew even more since the fees for such services skyrocketed. However, the population of developing countries still has an access to smartphones and the internet, which is all they need to make use of Cardano. Now, through partnerships such as Abra and Bittrex, ADA is one step closer to offering its services to these populations.

Right now, Bittrex is only processing those deposits that came from the accounts created prior to September 4th. Ensuring that all accounts are KYC compliant is a lengthy process, so it might take some time before the platform completes it. Still, for those looking for good ADA Cardano news, this one ranks pretty high.

Additional benefits to the partnership with Bittrex will include quite advanced security levels and very low transaction fees. ADA pairing is also much more secure than USDT pairing since this option tends to erode the value of other coins due to market’s volatility. ADA has no such issues and can provide its traders with a direct link to numerous fiat currencies.

The timing of these partnerships couldn’t have been more perfect for everyone involved. The current crypto market situation is getting worse each day, and crypto/fiat interaction is dropping alarmingly. Even though this Cardano news did not really improve the price of the coin, it still gave it quite a boost.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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