The cryptocurrency markets are in the red after early Sunday reports that the popular the South Korean exchange known as Coinrail had been successfully hacked and some amounts of crypto taken in the process. The affected coins were those of NPXS, NPER, and ATX. As a result, Bitcoin (BTC) and the entire crypto markets have tumbled considerably since then, and at the moment of writing this. This is due to fearful traders taking their digital assets out of exchanges or even cashing out completely.
The total crypto-market capitalization has lost a total of $20 Billion from earlier Saturday levels of $340 Billion. The King of Crypto, also known as Bitcoin (BTC), experienced a free fall from $7,600 to lows of $7,220. This is a drop in the value of 5% in less than 24 hours.
Observing our favorite token of Tron (TRX), it too has been affected by the ripple effect of the news of the hacking. TRX has dropped from values of $0.0577 that were considered by many, as the bottom for the token before the Independence day on the 25th of June. The current values of TRX indicate that it is valued at $0.053 and has dropped a little over 8% in 24 hours.
But with every dip or decline in the crypto-markets, lies the opportunity to buy more of your favorite token or coin. Many in the TRX community believe that TRX cannot go any lower than it is at the current levels. This means that this is the best time to get some more TRX ahead of the token migration that starts from the 21st to the 24th of this month. The final event in this MainNet road-map will be the launching of the Genesis Block on the 25th of June in a feat that has now been declared as Tron’s Independence Day from the Ethereum platform.
The current countdown on the Tron Website indicates that the countdown reads 13 Days and a few hours. This means we are less than 2 weeks away from the anticipated 100% functionality of the Odyssey v2.0 Tron MainNet platform. The current bug bounty program will assure that any bugs on the platform are discovered ahead of time and dealt with in a timely manner.
One needs only remember the case of EOS’ vulnerabilities being found a few hours to the MainNet launch, to understand why Justin Sun and the Tron Foundation have put the upper cap of the bug bounty reward at $10 Million. This will, in turn, attract the best of the best to test the MainNet platform and guarantee its security and stability.
For the latest cryptocurrency news, join our Telegram!
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 Pexels
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
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…
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 (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…