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Here to Stay

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6 years ago

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The drive for crypto regulation continues across the globe with successes and setbacks for crypto-enthusiasts ongoing in different key markets.

In the USA, President Trump has appointed a new chairman to the SEC who is reportedly much more crypto friendly than his predecessor. Elad Roisman could very well tip the scale in favor of a bitcoin backed ETF and other crypto financial products.

In California, where I grew up and have just returned from, the law has been amended to include new definitions for crypto assets. 

In the European Union, the EcoFin meetings have also proven fruitful...

One setback that we've seen though, came from the International Monetary Fund, which has come out against the Marshall Islands' plans to create their own cryptocurrency, known as the Sovereign. 

However, the biggest debate continues. India's hearing on the RBI's infamous crypto ban has rolled over into today and we hope to get some good news there.

Please note: All data, figures & graphs are valid as of September 12th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

The mood among investors in Asian stocks is arguably grimmer than the crypto market at this point, as Asian stocks are currently in the longest sell-off of the last 16 years. 

This rather clever headline compares the market cap of the Chinese stock market to that of the world's largest corporation.

Here we can see the China 50 index, which is down 28% from its peak at the start of the year.

EM Currency Rebound

The Dollar seems to have levelled off recently. Over the next few days, we'll get key updates from several central banks but the US Fed's next big meeting is still two weeks away.

Still, today we'll hear remarks from two Fed reps, Brainard and Bullard, as well as receiving insight from the Fed's beige book, a bond auction, and even some PPI data for gauging inflation. However, all of the above events could easily be overshadowed by Apple's big conference in Cupertino California tonight.

The company has become so big that its stocks are being seen by some as the go-to store of value investment, and as we've noted above a global benchmark. So these type of product launches may end up influencing other markets.

Related or not, we can also notice a bit of a bounce in the emerging markets currencies this morning. 

Crude oil is also gaining against the Dollar today on news of two massive storms that are about to hit land, one in the United States and one in East Asia. 

Ethereum Based Sell-off

Much to the chagrin of many crypto-enthusiasts, the bear market has continued over the last few days, with Ethereum seemingly leading the charge.

The general direction of the market is pretty clear, but it remains a mystery is why Ethereum is losing ground faster than most other major crypto assets.

Perhaps it could have something to do with statements from Vitalik Buterin...

The fact that Vitalik is less bullish could be causing some to sell and it stands to reason that most of his most devout followers will be holding Ether.

Either way, Vitalik's statement that "there's a ceiling in sight" doesn't necessarily imply where that ceiling might be. At this point, even if we simply return to all time highs, it would represent a massive growth in price from where we currently are. My question isn't about the ceiling, it's about the floor.

Here we can see Ethereum's massive 88% decline since the high on January 13th.

The fact remains that Ethereum is the most widely used blockchain with the most projects built on top of it and consistently sees the highest number of transactions per day. So despite the lower price, we have reason to believe that the Ethereum network and token are here to stay. 

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

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January 25, 2021

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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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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

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December 24, 2020

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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…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

3 years ago

on

November 24, 2020

By

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first…

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