Tezos (XTZ) cryptocurrency has seen a lot of positive activity recently, with Evolve Markets adding it to its trading platform, and Bitfinex going as far as to add trading pairs for XTZ.
Tezos trading comes to Evolve Markets
Evolve Markets is a trading platform for cryptocurrencies, commodities, FOREX, as well as indices. It allows its users to trade numerous crypto assets like Bitcoin, new altcoins, and alike. Even so, it is probably best-known for allowing users to leverage up to 50X, while at the same time, it is boasting full depth-of-market, order book trade matching, as well as BTC and LTC as its base currencies.
Now, the great Tezos news claim that the exchange is also adding this crypto, and it offers 2x leverage, which makes it pretty much the only platform that does it. This addition will be a good thing for Evolve since the platform continues to grow. As for Tezos itself, it wants to become the first self-amending crypto in the world. Its last year’s ICO managed to raise as much as $232 million.
The platform also recently added Ethereum Classic, Zcash, Bitcoin Cash, Monero, EOS, and Dash. Additionally, it is known for its great security measures, like securing deposits in cold storages. It never exposes the private keys to the internet, which significantly reduces the chances of being hacked. Finally, all data is encrypted, which is yet another important security layer that protects the investors’ funds.
Tezos gets trading pairs on Bitfinex
Continuing with good Tezos news, the coin also got on one of the world’s largest exchanges — Bitfinex. The exchange decided to add the coin just a short while after Tezos launched its MainNet. Not only that, but Tezos also got two exchange pairs XTZ/BTC and XTZ/USD.
Despite the fact that this is ultimately a great Tezos news, the coin still lost some of its value due to another price drop. Even the successful launch of its MainNet did not manage to prevent this, as the coin lost $171 million.
Of course, some skeptics claim that the market reacted negatively to the launch of the MainNet. This is a rare occurrence, but it can happen. The only problem with this theory is the fact that Tezos wasn’t the only coin to go down. In fact, the entire market once again suffered big losses. For many, this is confirmation enough that the MainNet was not responsible for the Tezos price drop.
In the end, it would seem that Tezos just has a natural bad luck to make its biggest moves at all the wrong moments. The coin is currently ranked as 16th as per CoinMarketCap, with its value being at $1.52 at the time of writing. Whether Tezos’ luck is going to turn anytime soon is anyone’s guess, but the recent listings are definitely working in its favor.
Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.
For the latest cryptocurrency news, join our Telegram!
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 Pexels
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. One of the ways to have a successful trading…
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…