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Anndy Lian indicates memecoins resurgence among crypto natives

Anndy Lian indicates memecoins resurgence among crypto natives

Anndy Lian has expressed his view on the ownership of memecoins among crypto enthusiasts.

He suggests that crypto natives are increasingly inclined to own these digital assets as part of their portfolios. The tweet highlights an ongoing discussion surrounding the appeal and potential value of memecoins in the cryptocurrency market. While Lian’s comments indicate a positive sentiment, the broader crypto community remains engaged in debating the prospects of these often volatile digital tokens.

 

 

Lian’s perspective on the rise of memecoins underscores broader themes of engagement and speculation within the crypto ecosystem—dynamics he has previously explored in his analysis of how community-driven excitement can unlock significant economic potential for digital assets. As debates continue over both the opportunities and risks inherent in this volatile space, his prior commentary on the importance of secure asset storage remains particularly pertinent for investors looking to balance innovation with prudent safeguards.

 

Source: https://tradersunion.com/news/market-voices/show/682763-memecoins-resurgence/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Regulatory Caution Among Asian Nations Amid Reports of Illicit Financing

Regulatory Caution Among Asian Nations Amid Reports of Illicit Financing

With a plethora of reports of crypto-related terrorist financing having been published in recent weeks, it’s understood that Asian nations may be looking to exercise caution when it comes to the current ongoing process of establishing regulatory guidelines for crypto.

That’s according to a report published by the South China Morning Post (SCMP) on Thursday. The use of cryptocurrency by Hamas to fund its attack on Israel is being seen as the catalyst that may drive authorities in various Asian nations to take a more cautious approach to regulating digital currencies, according to analysts cited by the publication.

Raj Kapoor, the founder of India Blockchain Alliance (IBA), commented on these recent developments, stating:

”It is a kick on the backside for most governments. All regulatory bodies will take a closer look at crypto regulation. Governments will need to start implementing new rules and regulations.”

At the recent G20 summit held in New Delhi, a joint declaration called for the regulation, supervision, and oversight of crypto assets, among other measures. The declaration emphasized the importance of supporting “a coordinated and comprehensive policy and regulatory framework.”

Kapoor stressed the importance of revisiting the declaration and developing solutions to implement its objectives.

Renewed scrutiny

Events in Palestine in recent weeks have led to renewed scrutiny when it comes to monitoring illicit financing activity via cryptocurrency. Only days following the recent Hamas attack, Israeli authorities moved to freeze specified crypto accounts.
That scrutiny has continued in recent days, with more accounts having been frozen on crypto platforms such as Binance, while more still have been identified as suspicious, with requests for further information having been submitted in respect of over 200 additional accounts.
On Wednesday it emerged that the United States Treasury’s Office of Foreign Assets Control (OFAC) had sanctioned a Gaza-based crypto platform.

Potential over-reaction

While crypto-related terrorist financing has been widely publicized, blockchain analytics firm Chainalysis warned on Wednesday that crypto’s role in this illicit activity has likely been overstated. In its blog post on the subject, the firm stated:
“Although terrorism financing is a very small portion of the already very small portion of cryptocurrency transaction volume that is illicit, some terrorist organizations raise, store, and transfer funds using cryptocurrency.”
Additionally, Chainalysis stated that it had seen “overstated metrics and flawed analyses of these terrorist groups’ use of cryptocurrency.” Peter Van Valkenburgh, Director of Research at non-profit crypto advocacy group Coin Center, also believes that reporting on the matter is not balanced. Taking to X, he stated:

“Sensational early reporting on the scale of Hamas crypto fundraising significantly misstated the amounts involved.”

Coin Center’s Director of Communications, Neeraj Agrawal, highlighted an article which claimed that crypto “fueled Hamas’ terror attack on Israel” in its title, only to reveal within the body of the article that “cryptocurrency is still far from the largest funding source for terrorism.”

Anndy Lian, a Singapore-based author and inter-governmental blockchain adviser, noted that while some countries may consider banning cryptocurrencies as a solution, this could merely drive illicit financing underground and make it more challenging to trace and halt. Lian argued that cryptocurrencies are traceable and trackable, unlike traditional fiat currencies like US dollars.

Source: https://coinmarketcap.com/community/articles/6531dbf64a59da6222691216/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Who owns the most Jasmy crypto? High concentration among top 10 holders as price of Japan’s bitcoin plumbs new depths

Who owns the most Jasmy crypto? High concentration among top 10 holders as price of Japan’s bitcoin plumbs new depths

JasmyCoin (JASMY) has been on a bear run for over a year now, falling by more than 99% since peaking for the last time in May 2021. As of 11 November, the coin was valued at $0.0041.

Despite a downfall in JASMY price action, the token has been seeing a surge in active addresses. Let’s have a closer look at who owns the most JASMY crypto.

What is JASMY?

Jasmy is a Japanese internet of things (IoT) company that aims to make data sharing safer, and more decentralised and democratised. It specialises in the safe buying and selling of personal data. It was founded in April 2016 by Kunitake Ando and Kazumasa Sato, two former Sony executives, and Hiroshi Harada, a former employee at KPMG.

Harada, who serves as the platform’s CFO, told Binance in an interview in September 2022:

“Jasmy’s mission is to create a mechanism/platform which allows all users to take ownership of their own data in a secure and private manner. Instead of letting a handful of big tech corporations take control of such sensitive data, Jasmy aims to help enable a world where everyone can feel safe and secure about the use of their own data.”

The platform allows users to:

  • Store and control their data in a safe and secure environment
  • Safely and securely manage and control their devices
  • Provide safe and secure use of their data under clear rules

Jasmy’s Personal Data Locker (PDL) provides users with full ownership over their personal data while its Secure Knowledge Communicator (SKC) is responsible for the achievement of data democracy.

The platform promises to provide its customers with an IoT platform that will help them manage their IoT data securely and efficiently; IoT devices and services that will help customers with the development and maintenance of their IoT platforms and thorough data analysis which will be used for the further improvement of the platform.

Jasmy’s native token, JasmyCoin (JASMY), is used by companies that wish to purchase the users’ data stored on the platform. The token can also be used by users as investment, for governance and metaverse utility. JASMY was built on the Ethereum (ETH) ecosystem and is an ERC-20 token.

JASMY was launched at the end of October 2021 and has been dubbed  as “Japan’s bitcoin”.

JASMY supply explained

According to data provided by CoinMarketCap, JASMY has a maximum and total supply of 50 billion coins. This makes the coin a deflationary asset, similar to bitcoin (BTC), due to the limit on how many coins can be mined.

As of 11 November 2022, the token had a circulating supply surpassing 4.7 billion and a market capitalisation of $19.4m.

JASMY was Japan’s first ever legally approved cryptocurrency as the country had imposed a strict regulation for this market. It was listed on the Japanese crypto exchange BITpoint on 27 October 2021.

The cryptocurrency was met with a lot of enthusiasm upon its launch, skyrocketing by more than 230% in four days from $1.3024 on 12 February 2021 to $4.2929 – an all-time high following its listing on the crypto exchange Gate.io.

After the fast surge, the token lost over 58% of its value falling to $1.7851 by 22 February 2021, but managed to regain 67% of its value soon after, reaching $2.9628 on 2 March 2021.

JASMY grew past the $2 barrier once again on 9 March 2021 as the platform announced it had joined GitHub, thus providing a space where its users could discuss upcoming projects, news and bugs.

JASMY to USD chart, February 2021 – November 2022

JASMY to USD chart, February 2021 – November 2022

Source: CoinMarketCap

By 5 May 2021, however, the coin lost around 50% of its value, falling to $1.0965 before seeing a mini-surge on the following day and rising to $2.1586. The bullish price action did not last long. The coin entered a bear run, falling by 95% in the following weeks and reaching $0.05456 on 20 June 2021.

Since then, the coin was unable to reach previous highs, falling by an additional 92.4% to $0.004122 as of 11 November 2022.

Who owns the most JASMY crypto?

In the past two months, JASMY lost over 57% of its value, falling from $0.009717 on 10 September 2022 to $0.004122 on 11 November 2022. Despite the continued bear trend, token concertation among the top 10 JASMY holders remained high.

Data published on Sanbase showed that the number of active JASMY token addresses spiked to 673 on 30 October from 224 the day before. The number of active JASMY holders spiked once again on 9 November to 719 from a low of 273 on 7 November 2022.

So, who has the most JASMY tokens? Data provided by etherscan.io showed that there are 36,169 JASMY holders in total. The 10 biggest JASMY holders, as of 11 November, collectively owned 51.33% of the total token supply in circulation, meanwhile the top 100 owned 85.44%.

The website noted that the top account holding the most JASMY tokens was the world’s biggest cryptocurrency exchange Binance (BNB). Binance owned 23.43% of the total supply, which amounted to 11.7 billion JASMY coins worth around $48,500, as of 11 November. It’s likely that the exchange is holding the tokens on behalf of its users.

The second on etherscan’s top holders of JASMY list was crypto exchange Mexc.com. It owned 5.86% of the total supply, amounting to 2.9 billion tokens. Mexc.com could own JASMY tokens on behalf of its users.

The third biggest JASMY account was Jasmy Deployer which held 4.8% of the tokens’ total supply amounting  to 2.4 billion coins. The fourth and fifth biggest JASMY holders were two anonymous wallets holding 4.12% (1.34 billion coins) and 2.7% (1.29 billion coins) of the tokens’ total supply respectively.

Analyst views on Jasmy’s tokenomics

Knowing who owns the most JASMY tokens can be of use to many retail investors and traders, Anndy Lian, chief digital advisor at the Mongolian Productivity Organisation and author of ‘NFT: From Zero to Hero’, told Capital.com:

“The concentration of tokens on exchanges on leading exchanges such as Binance is a confidence booster for many retail investors.

“JASMY has gained interest from some of the biggest names in Japan’s technology industry. Pansonic and VAIO have also partnered with JASMY. During the COVID-19 pandemic, the largest call centre in Japan, Transcosmos, used JASMY to secure its data. The big names using JASMY’s technology are a really attractive selling point for retail investors.”

Lian added that for JASMY to truly grow, the firm would need to showcase its technology and focus on revenue.

“After all, they are the first legally compliant Japanese crypto coin listed on the Japanese cryptocurrency exchange. Japanese law strictly governs cryptocurrency transactions subject to Financial Services Agency inspections. Being accountable by Japanese law, they need to walk away from fluff and hype and concentrate on real business first.”

Please note that analysts’ predictions and opinions can be wrong. The information about the biggest cryptocurrency whales and ownership concentration shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before trading. And never invest or trade money you cannot afford to lose.

 

Source: https://capital.com/jasmy-token-who-owns-most-jasmycoin-crypto

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j