Connect with us


Reasons Why Ethereum Could Be Doomed



Ethereum is the second largest cryptocurrencies in terms of popularity and market cap. However, it is still shrouded in controversy amidst technical and operational deficiencies that raise serious concerns about its long-term prospects.

Below are some of the factors that any would-be investor should pay close attention to, before investing in the cryptocurrency.

Initial Coin Offering Risk

Just like other cryptocurrencies, Ethereum has risen in value because of its ability to facilitate Initial Coin Offerings. The ICO market has ballooned to over $3 billion and in the process strengthened the price of Ethereum in the exchanges.

Ethereum without a doubt is the number one platform for ICOs, something that puts it in a precarious position. The digital currency price could take a hit on projects using the platform for ICOs deciding to liquidate the amount of Ether raised and dump the same in the market.

There is growing suspicion in the cryptocurrencies space that most of the ICOs are outright scams. With regulators moving to crack down on ICOs, Ethereum could significantly take a hit.

Immutability Constraint

A key selling point of most cryptocurrencies has always been their ability to create an undisputed record of events that cannot be altered in any way. That is not the case for Etherum. The introduction of hard fork after the DAO was hacked removed the immutability aspect on the blockchain.

What this means is that any record of transactions carried out on the blockchain could be wiped out in case of another hack. Ethereum Classic which was formed from the hard fork, on the other hand, is highly immutable.

Network Congestions

Network congestion has emerged as a big problem for Ethereum. The amount of ICOS carried out on the Ethereum Blockchain network has significantly affected the number of other transactions that the cryptocurrencies handle.

Fast transaction speeds for transactions has emerged a key selling point for other cryptocurrency which are slowly eliciting strong demand at the expense of Ethereum.

Exploits and Weakness

If history is anything to go by, then Ethereum is not immune to attacks that can result in potential loss of people’s funds. The cryptocurrency has already suffered two major breaches one of which resulted in the split of the initial cryptocurrency.

The second exploit was the most significant as it showed the lack of a multisignature solution synonymous with immature technologies.

Inflation Concerns

Currently, there is no cap on the amount of Ether coins allowed in circulation at any given time. Unlike bitcoin which has set its cap at 21 million coins, Ethereum coin value will continue to depreciate as more coins hit the market.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Laura Thorne via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), 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 ( ), 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…

Continue Reading


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…

Continue Reading


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 ( 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…

Continue Reading