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Last Week’s Top 3 Most Significant Crypto Events

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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This account regularly posts updates regarding the biggest movements of Whales, whether it is a coin sale, purchase, or just movement from one wallet to another. The account also tends to indicate how big of a Whale in question is, by posting red light emojis in the report. The more red lights the report has — the bigger the Whale in question.

Well, earlier this week, Whale Alert reported several XRP movements made by a Whale that deserves 10 red lights. Whale Alert also reported that the Whale moved several hundred million dollars in XRP. The first movement was from Ripple OTC Distribution wallet to an unknown wallet, and it contained 392,834,643 XRP ($114,187,437).

The second one included 463,420,929 XRP ($136,324,998), which were moved from Ripple to Bitstamp.

2) Weiss Ratings had a change of heart regarding TRON (TRX)

Weiss Ratings is a well-known group that was established to provide crypto investors with investment advice. The group also regularly publishes various reports, in which they take a closer look at some coins and rank them in accordance with numerous aspects. These may include anything, from the project’s technology and goals, to their performance, and how good of an investment the project may be.

With that in mind, it is worth remembering one rule that every trader and investor need to keep in mind — investment advice, even if coming from a professional, is still just advice. The crypto world is far too volatile and unpredictable for anything to be set in stone, which is why investors and traders should seek out other peoples’ opinion but also form their own before making the final decision.

The event that happened earlier this week is proof that even professionals make mistakes, and end up changing their mind. The event in question is Weiss Ratings, who gave TRON quite a tough time in the past, now praised it by stating that it is a promising project.

It appears that several of TRON’s actions managed to change the group’s mind about the project, including the hiring of a former US SEC official, which silenced any claims that the project is a scam which simply copied Ethereum’s code under a different name.

3) Cardano (ADA) might take the spotlight in 2019

It is no secret that 2018 has been a terrible year for cryptos. Their prices were shot down from their all-time high, and many have dropped by as much as 80%, or even more, depending on the project. However, there are indications that 2019 will be much more favorable for everyone involved with the crypto space, with some projects taking the spotlight away from the old hits.

One such project is Cardano (ADA), which shows all signs that it is ready to make a serious impact on the crypto space. The coin has always been surrounded by a lot of positive news and developments, while it managed to avoid any scandals or controversies. Furthermore, it also announced some big improvements, such as the upcoming Shelley release, which is scheduled to come to pass within Q1 of this year.

The Shelley release will be a big move towards decentralization for Cardano, and since decentralization is what the market and its participants currently desire the most, this will likely draw a lot of new users to the project. As mentioned earlier, nothing is set in stone, and that includes predictions regarding different cryptos. However, the potential is there, and while investors are encouraged to make their own opinions and deductions, pointing out that Cardano is worth keeping an eye on in 2019 should be taken into account.

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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

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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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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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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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