Ripple (XRP) and the SBI Holdings Group have enjoyed a fruitful partnership for over 2 years now. What has resulted in the partnership is the formation of SBI Ripple Asia that has spearheaded the adoption of Ripple technologies in the region as well as innovation in the industry of fintech. So far, Ripple has access to over 61 banks in the consortium that makes up SBI Holdings.
It is, therefore, no surprise that the SBI Group wants to release a cryptocurrency exchange that plans to utilize XRP as the centerpiece for trading on the platform. The exchange, known as SBI Virtual Currencies, has updated its website and is now live for trading for users who had pre-registered back in October 2017. One thing to note is that XRP is the only cryptocurrency on the site that has been described in terms of what it is and its capabilities. The exchange will later add Bitcoin Cash (BCH) as the second traded digital asset on the platform.
This means that the CEO and President of SBI Holdings, Yoshitaka Kitao, was serious when he said that once the exchange is ready, it will feature primarily XRP and the exchange will eventually be number one. The exchange had been scheduled for launch this summer and the XRP HODLers and the entire crypto-verse is applauding and excited with the launch today, June 4th.
One thing to remember is that the country of Japan is home to over 3.5 Million crypto traders and HODLers. These traders are between the ages of 20 and 40. This will be the target demographic of the new crypto exchange by the SBI Holdings Group.
With respect to the cryptocurrency markets, they are still showing some upward mobility in terms of gains since the entire market came to its knees on Tuesday, the 29th of May. On this date, the total market capitalization of the crypto markets came to a recent low of $303 Billion and Bitcoin (BTC) was trading at $7,100 levels. The crypto markets have since regained $40 Billion at the moment of writing this and the total market capitalization stands at $345 Billion.
Bitcoin (BTC) is now trading at $7,629 and looks like it is on its way to levels close to $8,000. With respect to Ethereum, the coin is now valued at $621. Our beloved Ripple (XRP) is currently valued at $0.67 and up 3% in 24 hours. The aforementioned launch of the SBI Virtual Currencies exchange is what many Ripple HODLers were waiting for this summer. Expectations of the platform are high in terms of assisting XRP to reach the $5 levels everyone is asking about.
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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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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…