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IOTA News: IOTA Withdrawals Now Possible on Bitpanda

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IOTA News

A new move by Bitpanda will now allow users to make IOTA withdrawals and deposits.

IOTA withdrawals and deposits are now possible on Bitpanda

Bitpanda’s new decision to add IOTA (MIOTA) now allows full withdrawal and deposit functionality. The platform’s decision to include IOTA in its portfolio dates back to June of this year.

However, back then, IOTA was only available within the exchange service’s inner wallet. Now, IOTA news claims that users will be allowed to move their tokens, or withdraw them entirely.

Bitpanda’s recent blog post states that the company is pleased with making this move. Additionally, they used the same blog post to announce their support for IOTA Hub — the project’s latest tech.

IOTA Hub is an exceptional new environment that allows developers to communicate with IOTA protocol in a more efficient way. Bitpanda managed to set it up with the help of IOTA’s own engineering team.

IOTA Foundation’s head engineer, Edward Greve, commented on the partnership by praising the Bitpanda team. He stated that the team is quick and professional and that very little support was needed actually to set up the IOTA Hub. This also means that the Hub itself is easy to understand and use.

While this IOTA news represents a big move for the project, Bitpanda is still only the second exchange to start using IOTA Hub. The first one to integrate it was Upbit, which is already running it.

The part of IOTA community on Reddit was more than curious regarding the implications of the integration. Especially since Bitpanda is still a relatively small exchange, especially when compared to others that are supporting IOTA.

IOTA Hub will make MIOTA easier to use

IOTA is known for being more difficult to use than most other digital assets. It especially poses an issue when it comes to new investors. While some believed that Trinity wallet’s launch might make things easier, this doesn’t seem to be the case. Still, the network’s main goal is to serve the IoT, which is one of the areas where IOTA has had a significant amount of success.

As for Bitpanda, this move seems to be only a beginning for IOTA Hub integration. IOTA expects that many other exchanges will be drawn to their new technology as well, in due time.

If this happens, it will likely drive IOTA volumes up by a significant amount. Using the Hub will likely make dealing with IOTA significantly easier than it was so far, which will also attract additional investors to the coin.

IOTA already has a massive use case, which has helped it grow already. Its growth has also given other exchanges a real incentive for listing the coin on their platforms. Apart from making partnerships with some of the largest carmakers, IOTA also seems to be ready to enter the insurance industry. With each new step, IOTA demands will increase, and some exchanges have already recognized its potential.

Additionally, with each IOTA news that features a new exchange listing, IOTA is getting closer to being considered, and maybe even actually added on the largest exchanges. Coinbase, for example, is the dream for every cryptocurrency out there, and if IOTA gets listed on it, its value would likely go up by several hundred percents.

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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 Lazare/Pixabay

Altcoins

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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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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Altcoins

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

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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 been…

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