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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ABC NEWS- Anndy Lian: Regulations for blockchain and crypto market will bring positive impact to the market

ABC NEWS- Anndy Lian: Regulations for blockchain and crypto market will bring positive impact to the market

Anndy Lian, blockchain advisor for Inter-Governmental agency and book author of “Blockchain Revolution 2030” sees that regulation for the blockchain and crypto market will bring positive impact to the markets.

Anndy is the moderator at the Biki Korea Investment Insights event held on 2 October 2019. He is joined by distinguished panelists: Ethan Ng – CEO, BiKi Southeast Asia, Joony Koo – Founding member, BlockCrafters, Fred Kim – Partner, Rocketfuel, Steve Lee – Head of Asia, BlockTower Capital, Jackson Ra – Head of Advisory, Chain Partners, Christine Choi – Cofunder, BlockPatch and KJ Ha – Principal, Blockwater Management. The panel discussed about the latest in crypto investments and what to look out for in 2020.

”I believe that regulators must develop deeper understandings of blockchain technology and its potential impact as they continue to engage in forming the regulatory framework. With sufficient help from the government, it will bring more confidence for people to understand and use blockchain beyond the knowledge of bitcoin. Regulated digital assets exchange will be the way forward and it can create positive impacts to the existing markets,” shared Anndy Lian.

Steve Lee from BlockTower Capital also echoed similar views: “I believe that everyone in the industry now hope to see more regulations created. Regulations will eventually make the industry better. Korea is already working on this and we will see the outcomes in time to come.”

This event coincides with the Korea Blockchain Week 2019 and also part of Biki’s World Tour to promote their business. ”I am happy to see old and new friends at this event. Despite the rainy weather, we still have a full house of audiences. I am grateful to all our supporters in Korea,” Ethan Ng told Blockcast.cc Reporter, Joann Park at the event.

Biki Exchange is the rising star and one of the most talked about exchange in 2019. They are ranked Top 20 in the world currently and is building a very strong business proposition with their network and global communities. Biki will continue their efforts in Korea and will be back very soon to share more updates with their community.

Media Contact
Company Name: Blockcast.cc
Contact Person: Jenny Zheng
Email: Send Email
Phone: +65 98832707
Country: South Korea
Website: https://www.blockcast.cc

Source: https://www.abc6.com/story/41151502/anndy-lian-regulations-for-blockchain-and-crypto-market-will-bring-positive-impact-to-the-market

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”.

j j j

Anndy Lian: Regulations for blockchain and crypto market will bring positive impact to the market

Anndy Lian: Regulations for blockchain and crypto market will bring positive impact to the market

Anndy Lian, blockchain advisor for Inter-Governmental agency and book author of “Blockchain Revolution 2030” sees that regulation for the blockchain and crypto market will bring positive impact to the markets.

Anndy is the moderator at the Biki Korea Investment Insights event held on 2 October 2019. He is joined by distinguished panelists: Ethan Ng – CEO, BiKi Southeast Asia, Joony Koo – Founding member, BlockCrafters, Fred Kim – Partner, Rocketfuel, Steve Lee – Head of Asia, BlockTower Capital and KJ Ha – Principal, Blockwater Management. The panel discussed about the latest in crypto investments and what to look out for in 2020.

”I believe that regulators must develop deeper understandings of blockchain technology and its potential impact as they continue to engage in forming the regulatory framework. With sufficient help from the government, it will bring more confidence for people to understand and use blockchain beyond the knowledge of bitcoin. Regulated digital assets exchange will be the way forward and it can create positive impacts to the existing markets” shared Anndy Lian.

Steve Lee from BlockTower Capital also echoed similar views: “ I believe that everyone in the industry now hope to see more regulations created. Regulations will eventually make the industry better. Korea is already working on this and we will see the outcomes in time to come.”

This event coincides with the Korea Blockchain Week 2019 and also part of Biki’s World Tour to promote their business. ”I am happy to see old and new friends at this event. Despite the rainy weather, we still have a full house of audiences. I am grateful to all our supporters in Korea.” Ethan Ng told Blockcast.cc Reporter, Joann Park at the event.

Biki Exchange is the rising star and one of the most talked about exchange in 2019. They are ranked Top 20 in the world currently and is building a very strong business proposition with their network and global communities. Biki will continue their efforts in Korea and will be back very soon to share more updates with their community.

 

Media Contacts

Company: Blockcast.cc
Contact Person: Jenny Zheng
Contact Number: +65 9883 2707
Contact Email: contact@blockcast.cc
Location: South Korea

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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