As we usher in a new month, Ripple is still showing signs of free falling below the 0.45 US dollar mark after declining the support emphasized by the 23.6 percent Fib level with the last swing appreciate from lows of $0.424 and depreciate from highs of $0.5204 to settle at $0.4469 (it just jumped above 0.45 today after increasing in value by 4.5% in last 24 hours).
Moreover, Ripple (XRP) is exchanging within the limits of a falling wedge pattern signaling a price surge and breakout in the offing shortly.
Bitrue Exchange Lists Ripple XRP as a Base Currency
The crypto space continues to attract more investors and players in its jurisdiction with this week marking the official launch of Bitrue. Although unknown to many, Bitrue is a virtual currency exchange that has long-ambitions of becoming the most spontaneous and secure option for crypto-investors globally.
Thanks to the support from #XRPCommunity. Bitrue proudly presents you #XRP-based trading market with 10 trading pairs today! Stay tuned for XRP reward program in the coming days. #xrpthesandard #xrpthebase pic.twitter.com/VgXVh3x2Ig
— Bitrue (@BitrueOfficial) July 30, 2018
One attribute makes the Taiwanese exchange predominantly stand out from the pack. Bitrue announced their intention to list XRP, Ripple’s virtual currency, as a base coinage on its network. This move marks a huge adoption step for Ripple in the crypto market.
Bitrue intends to offer transparency to the Initial Coin Offering (ICO) market by availing a qualified selection of ICOs. Remarkably, Bitrue is also showing interests in partnering with Wanchain, an infrastructure platform that can connect with various digital assets.
According to the CEO of Bitrue, Curis Wang, the exchange can screen interested candidates listing only legal and promising digital coins and altcoins on their platform. By doing so, Bitrue will be able to create and develop a healthy environment for trading and for everyone interested in engaging the exchange.
DCEX Announces Ripple XRP as a Base Currency on its Platform
Meanwhile, DCEX was the very first virtual currency exchange that used Ripple (XRP) as its base currency. It recently opened registrations to start for its network. DCEX intends to begin trading in the coming weeks if not days, according to a press release that was issued on Monday.
DCEX plans to offer 15 digital tokens for trading with XRP as the base pair. The digital tokens include Litecoin (LTC), Bitcoin (BTC), Tron (TRX), Bitcoin Cash (BCH), and Ethereum (EOS) among other digital currencies.
According to an official release by DCEX webpage, the exchange intends to add more exchanging pairs in the coming week with USD/XRP trading might be supported for institutional or corporate clients.
xRapid Adoption in the Market
In recent time, xRapid has seen a somewhat positive response in regards to adoption. The way xRapid can complete international settlements within a short period is by using XRP as the bridge currency. For instance, in a KRW to USD transaction, KRW is converted to XRP using a Korean exchange via banking systems, transferred on the Ripple (XRP) ledger to an American exchange wallet then converted into USD in conclusion.
There are market speculations doing rounds suggesting SBI holding might use xRapid in conducting cross-border transactions. There is evidence that indicates that this merger is true and might be in completion stages.
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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…