Crypto Markets News: Is Kyber’s Volume the Reason It Climbed 33% in 24 Hours?

Crypto Markets News: Is Kyber’s Volume the Reason It Climbed 33% in 24 Hours?

Thanks for the mention- Crypto Markets News.


Why Did Kyber Rally When Most Other Cryptocurrencies are in the Red?

Most cryptocurrencies are in the red today and are reporting minor losses. The majority have lost minor amounts which is on average less than 1%. This includes Bitcoin (BTC) which lost 0.46%, Ethereum (ETH) which took a larger hit at 0.94% and XRP which slid by 0.38%.

There were a few that managed to make some gains, such as Bitcoin Cash (BCH) which gained 1.10%. Others include Bitcoin SV (BSV) which grew by 6%, but today’s biggest surprise was Kyber (KNC). The Kyber Network rallied by 32% in the past 24 hours and is currently trading at $0.780758. This is the highest price Kyber has seen since mid-2018.

Kyber is part of Ethereum’s DeFi ecosystem and is a DEX of sorts that allows easy token ERC-20 swaps.

Kyber’s Volume Causing Rally?

Earlier today Kyber released a few tweets that might have strengthened the rally we’ve seen today. The timing of the first tweet is marked approximately by the red X and referred to Kyber’s volume as a DEX. It was originally tweeted by blockchain advisor Anndy Lian and was immediately retweeted by the Kyber Network.

Anndy Lian@anndylian

Amazed by the volume #DEX are doing in the last 29 days:@KyberNetwork at $138m@uniswapexchange at $132m@oasisdex close to $100m https://twitter.com/DexWars/status/1233729927603724293 …

DEX 24 Hour Volume Bot@DexWars

#Ethereum #DEX Volumes February 2020

1) @KyberNetwork – $138,191,045
2) @UniswapExchange – $132,370,243
3) @OasisDex – $99,743,278
4) @tokenlon (0x) – $32,741,114
5) @idexio – $22,311,156
6) @Bancor – $7,661,174
7) @airswap – $7,537,603

*will cover 0x API & RR March onwards

A few hours later Kyber tweeted regarding their pretty large volume. They tweeted that Kyber has facilitated $138 million in value in on-chain trades in February. This is Kyber’s all-time-high of activity and could be one of the reasons for its rally. Another possible reason is anticipation for Kyber’s Katalist upgrade which is due to release in 2020 and which contains many improvements to the network.

Kyber’s rise seems to be a sign that while Bitcoin seems a bit stuck in its tracks for now, Altseason seems to still be going strong.

by Jonathan Ganor

 

Source:

https://www.crypto-markets.news/news/kyber-climbs-33/449

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”.

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WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

Anndy Lian spoke at a panel titled “The Future cannot be regulated” at the World Blockchain Summit Busan 2020. The event has brought international technology experts to Busan, South Korea, to discuss the future of blockchain.

“Innovation is the guarantor of future prosperity and not regulation. In order for us to have a brighter future, we need to be innovative now to set a good foundation, and regulations can set in later to standardize. This is how typically sandbox models work, we trial and error, and if the results are good and acceptable, they graduate from the sandbox regime. Singapore’s MAS did a good job for blockchain-driven project, and I believe Busan as the regulatory free zone can take reference from what was done and make it better,” Anndy Lian commented.

Andrew Faridani, member of the Forbes Business Development Council agreed with the points and added: “The companies best positioned to be able to help the authorities make responsible regulations are those companies in industries that have the power to generate the most customers. The leading industry may be the gaming industry, because of its potential to recruit end-users at a rapid rate is probably the biggest out of any of the industries involved right now in blockchain. Responsible leading companies such as Gaimin, have the ability to be the forerunners of this movement.”

Former South Korea Minister of Environment Lee Maanee and keynote speaker at the event also explained further, “Busan has designated the blockchain special zone and laid the foundation for the public and private sectors to become the leading model of the Fourth Industrial Revolution.”

“There are many discussions today from DeFI to Ethereum Killer. Like I have mentioned on the stage, we are all supporters of blockchain technology. Highly likely, if you have invested in Bitcoin, you could have made some money but if you are a hardcore blockchain company, you could have lost money. I did not have time to elaborate on the stage on this. Blockchain companies must be realistic and build the business step by step, commercialise their products properly, and not think that they are “bitcoin”. Think in this manner, and the future will be a better one.” Anndy Lian, who is also an Inter-governmental advisor at Asian Productivity Organisation added.

The World Blockchain Summit Busan 2020 was held in Busan, South Korea on 20th February 2020, jointly organised by Blockchain MARVELS and Busan Economic Promotion Agency, and hosted by the Korea CEO Summit, Busan, BNK Financial Group, Korea Blockchain Industry Promotion Association, Korea Blockchain Startup Association, Korea Blockchain Association, Global Fintech Industry Promotion Center, Chungbuk Blockchain and Korea e-Sports Industry Association.

Blockchain experts from Maker DAO, Conflux, Gaimin.io, Quarkchain were present at the event to lend their support and find out more about the Busan Economic Zone. Park Ki-sik, chairman of Busan Economic Promotion Agency, Chairman Kim Hyung-jin of Sejong Telecom, Former Constitutional Judge Ahn Chang, and Han In-suk, Honorary President of the University of Utah Asia and many others were present at the event to lend their support.

Park Bong-gyu, Chairman of the Korea CIO Summit and World Blockchain Summit has been a key driver of this CEO community in South Korea for the past 16 years. Members include Samsung Group, LG Group, SK Group, Lotte Group, CJ Group, Panasonic Korea, BMW Korea, IBM, Genesis BBQ Group, McKinsey, etc.

For more information on the summit, go to https://wbsmarvels.com/

About Anndy Lian (www.anndy.com)

Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies.

He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. He advises the Secretariat on the latest concepts and applications of blockchain technologies in cybersecurity and IoT network data integrity across smart factories and upskill the Secretariat staff in blockchain technologies as applicable to productivity. APO members include Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.

Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies. South Korea. He wrote a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea.

Original Source: https://blockcast.cc/press-releases/world-blockchain-summit-busan-2020-anndy-lian-author-of-blockchain-revolution-2030-build-the-business-step-by-step-and-not-think-you-are-bitcoin/

WFMJ: https://www.wfmj.com/story/41825581/build-the-business-step-by-step-and-not-think-you-are-bitcoin-anndy-lian-inter-governmental-blockchain-advisor-shared-at-the-world-blockchain-summit

 

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”.

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YBS뉴스통신: 한국e스포츠산업협회(KeIA)와 블록체인 게임 플랫폼 Gaimin.io 양해각서 체결

YBS뉴스통신: 한국e스포츠산업협회(KeIA)와 블록체인 게임 플랫폼 Gaimin.io 양해각서 체결

(서울=YBS뉴스통신) 한맑음 기자 = 한국e스포츠산업협회(KeIA)는 본사를 영국에 둔 블록체인 게임 플랫폼 Gaimin.io와 양해각서(MOU)를 체결하고 2020년 2월 23일에 협력 조항 및 세부 내용을 정했다.

2019년 설립된 KeIA는 e스포츠 산업 진흥, e스포츠 선수 권리 보호 및 프로게이머 및 소속 조직간에 상생 협력 및 시너지효과를 창출하는데 목적을 두고있다.

KeIA의 회장 Park Bong Kyu은 Blockcast.cc의 기자 Jenny Zheng과의 인터뷰에서 “한국의 제4차 산업혁명에서 e스포츠는 경제 분야 혁신 성장을 이끄는 새로운 성장 동력 중 하나로 여겨진다. 우리 협회의 노력은 머지않아 업계에 더 많은 가치를 창출하고 e스포츠 업계를 전 세계적으로 빠르게 발전시킬 것이라 믿는다. 뿐만 아니라, KeIA는 한국의 e스포츠 팀의 국제 발전을 적극적으로 지원하고 더 많은 국제 업무를 개척하도록 도울 것이다. Gaimin.io와 함께 한 이번 협력은 매우 시의적절하다고 본다. 우리의 협력을 통해 한국 및 유럽 시장을 연결하여 함께 발전할 수 있기를 바란다.”라고 말했다.

KeIA의 싱가포르 회장인 Anndy Lian의 소개로 Gaimin.io와 KeIA는 여러 번 만남을 가졌고 최근에 최종 협력 협의를 체결했다. Anndy Lian는 “이번 협력을 성사시킬 수 있어서 매우 즐겁다. Park회장님은 젊은 회사를 도와 목표를 실현하는 일을 오래동안 해왔다. 뿐만 아니라 새로운 기술에 많은 관심을 보였다. 블록체인 기술과 게임 응용의 결합은 아주 조화로운 조합이라고 생각한다. 블록체인이 제공하는 솔루션은 시스템의 안전성 및 신뢰도를 높일 수 있는데 이것이 바로 시장이 원하는 바이다.”라고 전했다.

Gaimin의 CEO인 Martin Speight은 “Gaimin와 KeIA의 협력은 양측 모두에게 이익과 혜택을 가져다 줄 것이라 믿는다. 한국의 게이머들은 우리 플랫폼의 채굴 보조 프로그램을 통해 어느 정도 수동적인 경제적인 수익을 얻을 것이고 e스포츠 프로게이머들은 우리의 플랫폼을 통해 해당 팀 및 지지자들과 더 효율적으로 소통하고 거래 결제를 진행하고 온라인에서 디지털 자산을 관리할 수 있다. Gaimin.io가 한국 게이머들을 위해 원스톱 솔루션을 제공해줄 수 있기를 바란다. 한국은 e스포츠산업의 중심이기에 우리는 한국의 뛰어난 업계 노하우와 프로게이머들을 유럽에 알리고 싶고 더 많은 젊은 게이머들이 프로게이머의 길을 선택할 수 있게끔 격려해주고 싶다”라고 덧붙였다.

Gaimin와 KeIA의 양해각서는 체결 후 즉시 발효된다. Gaimin는 전 세계의 사용자와 커뮤니티를 통해 KeIA의 이념을 전할 것이고 KeIA는 Gaimin와 함께 블록체인을 e스포츠 업계에 도입할 수 있는 가능성을 찾을 것으로 보인다.

Source: http://www.ybsn.tv/news/articleView.html?idxno=5856&from=singlemessage&isappinstalled=0

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”.

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