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Future Crypto Exchange by SBI Holdings will Use Ripple (XRP) as its Primary Currency




The future of Ripple (XRP) might bring some serious changes to this digital currency. For now, most of what is expected to come only includes positive effects for this crypto.

It might sound strange, but in the world of cryptocurrencies, Sundays have always been regarded as “bad days”. A lot of traders noticed that, on Sundays, there is always a noticeable decline in the market’s volume.

Despite the fact that this theory seems a bit unreal and almost like a product of paranoia, a careful look can pretty much confirm the theory. Let’s take Bitcoin (BTC) as an example. It is trading at around $9,294, while it still manages to keep its level at $9,000. It basically went down for about half a percent within only 24 hours.

Other cryptos are also acting unusually, with Ethereum (ETH) is seeing its token value at $676, while even Ripple (XRP) went to $0.85. However, when it comes to Ripple, at least, things might change a lot real soon.

Ripple’s situation might change

Throughout the crypto world, there have been certain rumors and predictions about what might happen soon. There was a massive awareness that Japan’s SBI Holdings company really likes and supports Ripple, for as long as anyone can remember. Another piece of the puzzle includes an information that the SBI Holdings plans to launch additional crypto exchange, or maybe even two of them. What’s important about this is the fact that, if they do so, they will use Ripple trading as the exchanges’ base.

SBI’s original intention was to enter a partnership with Huobi in order to open these two exchanges. However, since crypto regulations regarding the exchanges are rather strong in Japan, the company gave up on that deal. Instead, they decided to try and complete this project on their own, which led to the creation of their exchange called SBI Virtual Currencies. They did it in order to improve their project’s security.

According to some speculations, it is possible that the project will see its launch during the Summer of 2018. Another thing that is expected here is that the exchange might enter FIAT/XRP pairing with other Asia’s big currencies. What this means is that Asian countries of Japan, that uses Yen, and South Korea, which uses Won, might end up trading with each other directly through XRP.

XRP is popular in Asia

XRP is seen as one of the biggest cryptocurrencies in the market right now, and the majority of that popularity comes from Asia. For example, some estimations claim that over 3.5 million XRP traders and holders are Japanese. They, of course, use other currencies as well, but XRP seems to be a local favorite for this area.

As for South Korea, its influence on the crypto world and market was experienced first hand when the government decided to ban digital currency trading. The end result was that the markets seriously tanked before anyone realized how big of a deal it will really be.

With that in mind, it is safe to say that the confirmation of SBI Holdings’ exchanges and their use of XRP/FIAT will also have major consequences. This will probably have a very positive result for Ripple, and it is estimated that its price might go up to $10 before the year ends. Obviously, this will be a great win for XRP, and the only thing standing in its way right now is time itself.

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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.

Image courtesy of Victor Escandon via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



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

Xeno Holdings Limited ( ), 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 ( ), 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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Should Crypto Projects Devote Resources to Community Growth and Marketing?



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



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

The XENO NFT Hub ( 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…

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