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CoinField Announces Dates of its Sologenic IEO

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CoinField will be launching the first initial exchange offering (IEO) of Sologenic on February 18th, the company announced today. 

Sologenic is an ecosystem built on top of XRP ledger that merges traditional financial markets with crypto assets. The ecosystem tokenizes over 30,000 stocks and ETFs from top global stock exchanges. It deploys SOLO coins for market-making and liquidity, providing purposes to operate.

In November 2019, Sologenic was nominated as “DeFi Project of the Year” at AI & Blockchain Summit in Malta.

After the successful launch of the VIP-Pre Sale, the European cryptocurrency exchange is offering participants the opportunity to buy SOLO during the public IEO sale, which will commence from February 18-25th, 2020. This will be the final chance to purchase SOLO at a fixed price of 0.25 USDT, before the public trading goes live in Q1 2020. All SOLO tokens can be purchased via USDT, USDC, or XRP during the SOLO IEO.

To purchase SOLO in the public IEO sale, users must have signed up for a CoinField account, passed the KYC verification process, and successfully funded their account before February 17th, 2020. The sale is not available to residents or entities in the US or Canada.

To support the public launch CoinField will be running several contests and giveaways during the month of February. More information will be released on their Sologenic Twitter account. 

“We started the development of the Sologenic ecosystem much earlier than the dates forecast on the roadmap. Our SOLO core team is excited about the year ahead. We’re very driven towards our goal as we move forward, which is to get SOLO listed on most global exchanges in 2020.  I’m pleased to say the discussions have already started,” said CEO Bob Ras.

Later this month CoinField will release the very first decentralized wallet app for SOLO, XRP and Tokenized Assets. Users will be able to add, access and manage multiple wallets, view live market prices, review their recent transactions and HODL and transfer all their digital assets from a single wallet. The app will be available to download globally for Mobile and Desktop via Apple Store and Google Play. 

SOLO core team will also be exhibiting at several international cryptocurrency events this year. With plans to attend summits in Hong Kong, Tokyo, New York, and Malta, as well as hosting some “SOLO x XRP” events to support the adoption of cryptocurrency globally. 

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Ethereum Price Outlook as the DXY Index Crash Continues

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Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively. 

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points. 

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%. 

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

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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. One of the ways to have a successful…

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Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

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Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital

“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,”  says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”

 “The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…

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