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Bithumb Welcomes Cardano (ADA) and Status (SNT): 1% Payback Announced

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Bithumb

Bithumb announced that they will be adding Cardano and Status to their list of trading coins starting on June 13th, which came after having this Korean-based exchange platform adding Aeternity and NEM to their list of digital assets. New listings and partnerships are always welcome to the community, so as expected the mentioned listing did cause increased trading volumes in both SNT and ADA over the past couple of days. Although the current bear market kept gains limited.

Bithumb Announces New Listings

After announcing that Bithumb will be adding NEM and Aeternity (AE) to their exchange platform, Bithumb has announced two more listings as stated in the official post on Twitter that they have published several days ago, on June 13th.

As of the mentioned date, Status and Cardano became available for Bithumb users, adding more to the value of the exchange and of course getting more on accessibility and exposure in return.

Bithumb makes up for one of the top South Korean crypto exchanges and thus make a valuable partner in the market.

Although NEM, once ranked as the 15th-best currency started to drop in the last 24 hours despite the Bithumb listing and a rather benevolent trend in the market which pushed XEM down to the 16th spot on the list, Aeternity, SNT, and ADA are going up against the dollar while collecting gains at the time of this writing.

Cardano makes up for one of the top 10 coins, previously listed as the 7th best coin and now taking the 8th spot, so Bithumb makes one of over 15 exchanges which have listed ADA over its lifetime.

In addition to having Bithumb on its list of top exchanges, Cardano can be traded on Huobi, Binance, Bittrex, Upbit, Indodax, Cryptopia and 15 more exchange platform, pushing its market cap to 4.3 billion dollars and up.

Status seems to also be doing pretty well with the latest market trend and with having been added to yet another exchange. With the Bithumb listing Status is getting closer to having 40 listings, while currently being listed on 31 exchange platforms, which include Cobinhood, OKEx, Binance, HitBTC, Livecoin, KuCoin, Bittrex and over 20 more exchange listings with different fiat and crypto trading pairs.

Bithumb Is Offering 1% Payback

With the announcement of the newest listings that came on June 13th with going live the next day, Bithumb announced that the exchange will be giving out 1% payback to their users, which might increase the trading volumes for the newly listed currencies during the period between June 16th and June 20th.

Apparently, if you place the newly added digital assets as a deposit by June 16th, which would mark the final date of deposit making, trading the deposited assets by June 20th would make you eligible for getting 1% payback from Bithumb exchange, making a great way of promoting the newly added currencies along the way.

Allegations for Tax Evasion Dropped: Bithumb Clean

Back in 2017, Bithumb exchange was accused of having been involved in illegal activities by evading tax payments. The National Tax Service has been monitoring and leading this case from the mere start until they have finally come to a conclusion during the last week.

On June 8th, The National Tax Service has announced that all allegations of tax evasion on Behalf of Bithumb are dropped in this case given the fact that the accounting records of the South Korean exchange were carefully investigated leading to the conclusion that Bithumb has neatly paid all their taxes.

It was officially confirmed that Bithumb was falsely accused of tax evasion, while the National Tax Service confirmed that Bithumb paid for all fees and taxes that were summed up to 28 million dollars, which in this case represents a normal tax bill for the year 2017.

This way, all allegations were dropped and all accusations shut down, restoring the probably lost trust in Bithumb exchange that makes up for one of the top exchanges based in South Korea by increasing the exposure of 37 listed digital assets on its platform.

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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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Altcoins

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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Altcoins

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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Altcoins

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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