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Coinbase Teases Listing of Five New Cryptos including Cardano (ADA)

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Coinbase

Coinbase’s new announcement states that the exchange is looking into five new coins that might be added to its very short list of offered cryptocurrencies. The altcoins in question include Cardano (ADA), Stellar Lumens (XLM), 0x (ZRX), Basic Attention Token (BAT), and Zcash (ZEC).

Coinbase plans new adoptions

It is every altcoin’s dream to get listed on Coinbase, and for some of them, that dream might become a reality very soon. After months of waiting, Coinbase users, as well as fans of five different cryptos have finally received some good news. Coinbase’s announcement, that was just released yesterday, states that the exchange plans to adopt five new digital currencies.

The cryptocurrencies in question include Stellar Lumens (XLM), Cardano (ADA), 0x (ZRX), Zcash (ZEC), and Basic Attention Token (BAT).

Despite the fact that these are not the only coins that Coinbase has decided to open up to recently, their addition will still be important. Recently, Coinbase announced that it will bring back Ehereum Classic (ETC). Still, this listing was not really a groundbreaking event, considering that ETC was already offered on Coinbase in the past. Instead, this marked a comeback for ETC and a testing ground for Coinbase.

Beating the competition

Coinbase is one of the most popular exchanges around. It serves more than 13 million users, and the addition of new tokens might attract even more of them. Of course, Coinbase did not make an official move towards adoption just yet. For now, the exchange is only considering the coins, as well as exploring them, and making sure that they fit the regulations.

If the exchange finds that the coins fit, they will soon join the likes of Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). By adding more coins, and offering a larger selection, Coinbase is hoping to attract more customers and beat the competition. Of course, this doesn’t mean that the exchange is doing badly as it is.

After all, its revenue was at around $1 billion last year. Even so, the large majority of the margin only came in December, when cryptos skyrocketed and everyone jumped on the opportunity to join in. Now, Coinbase seems to be making an effort to repeat this achievement. The new development came shortly after Binance announced that their profits exceed $300 million already and that they aim at $1 billion by the end of the year.

With a situation like that, it is no wonder that Coinbase wishes to prove that is still equally capable, or better than Binance.

Nothing confirmed just yet

It is worth pointing out that Coinbase has warned against hype since they are still only considering the coins. The exchange stated that there is no guarantee that all of them, or any of them, will actually be listed.

This careful approach is necessary since the exchange would like to prevent another Bitcoin Cash fiasco from happening. Back then, Coinbase announced its support for the coin months ahead, but they did not specify any dates in the original announcement. As expected, BCH’s price went up a lot, and a lot of users accused and sued Coinbase of insider-trading and stating that its employees bought BCH when it was low, and then raised its price to make a profit.

Now, Coinbase is not taking any chances. They have announced the possible listing of multiple coins, as well as carefully-worded explanations and warnings so that the previous situation would not repeat itself.

And, of course, the exchange is being vague about the dates on purpose, for this very reason. Not only that, but it also explained that not all of the coins may be available to everyone and at the same time. This basically means that the exchange plans to reserve the right to experiment with crypto listings, which might lead to better understanding the coin launch. Additionally, they will even gather some valuable data that might improve the user experience.

If they offer the coin to the smaller group and first, and then use their findings while offering the coin to the rest of the world, it does stand to reason that the user experience might be improved on a larger scale.

This is still a very big and a very important announcement for the crypto world. The coins already received a lot of attention from crypto enthusiasts. The biggest questions now include which of the coins will make it to Coinbase’s list, if any, and when can they be expected? For now, this is unknown, but it probably won’t be long before a new announcement is made, and the situation becomes a little clearer.

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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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