Cryptonex CNX

$1.03
Market Cap $ 57.048 MM (#64)
24h Volume $ 5.381 MM
Chg. 24h: -0.96%
Algo. score 2.6/5  (#948)
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Cryptonex News

Bitcoin Reclaims $4,000 as Expert Claims It Will Surpass $20,000 by End of 2019

Bitcoin has fought to trade above $4,000 in December and for the most part, it has succeeded. However, the very crucial support level was breached yesterday as the currency lost 5 percent to drop to $3,830. However, it has since recovered to trade above $4,000. The support level seems quite fragile and at press time, the currency was trading at $4,023, up 3.1 percent in the past 24 hours. The currency will however surpass its all-time high by the end of next year according to the CEO of Japanese crypto trading platform Quoine. One Predicts $20,000, Another Predicts 0 Bitcoin kicked off December by reclaiming the $4,000 level and in the first four days, the price has hovered around this level. Having hit as high as $4,310, it dropped to just above $3,800, down $300 in a few hours. This was a source of concern for many, especially since there have been several predictions that Bitcoin is yet to hit bottom and could go further lower. However, the currency bounced back and at press time, it was trading at $4,023 according to data from coinmarketcap.com. On the top 6 markets, Bitcoin was trading below $4,000 which is a source of concern. The six include BitMEX, CoinBene, Binance and OKEx and together, they account for 40 percent of the total daily trading volume. HitBTC and Cryptonex had the highest prices at $4,111 and $4,176 respectively. Bitcoin will hit and surpass its all-time high in 2019, the CEO of Quoine stated. Mike Kayamori, who heads the Japanese crypto exchange, stated that he believes that in the new year, the currency will bounce back despite hitting a 14-month low just a fortnight ago. Speaking during an interview with Bloomberg, Kayamori stated that he believes that the currency will reap from the efforts in regulation and institutional investment in 2019. While 2019 will be a good year for the digital currencies industry, the market is very unpredictable in the short term. A lot of people said $4,000 was probably the technical bottom, but obviously it went through that. So, the truth is nobody knows. That said, when you look at the history and how things are going, I think the bottom is near. Kayamori admitted that the plunge in prices in November, which was Bitcoin’s worst in seven years, caught him by surprise. As with many other stakeholders in the industry, he expected a bull run to kick off in November and push through to December. Looking at the current market movements, he believes that in the short term, the market lacks catalysts to push it higher and it could end the year around $4,000. Quoine has been operating a crypto-only exchange but recently delved into crypto-fiat listings as the regulatory environment in Japan improved. To do so, the exchange rebranded to Liquid which in the past 24 hours accounted for the sixth-highest Bitcoin daily trading volume. While Kayamori believes Bitcoin will hit its all-time high again next year, another financial expert is of a completely different thought. According to Atuyla Sarin, a financial expert who lectures at Santa Clara University, Bitcoin is close to becoming worthless. In an op-ed published on MarketWatch, Sarin stated that he believes that Bitcoin is now entering a death spiral and that it will experience a “swift and painful drop to zero.” The post Bitcoin Reclaims $4,000 as Expert Claims It Will Surpass $20,000 by End of 2019 appeared first on NullTX.

8 days ago

Cryptonex has started mobile application test. In the comin...

Cryptonex has started mobile application test. In the coming few weeks, all Cryptonex users and the projects regis… https://t.co/QX0BXL9TVD

14 days ago

Cryptonex announces start of work on Kolin Platform. Kolin ...

Cryptonex announces start of work on Kolin Platform. Kolin Platform will be available: - on P2P Exchange - in "Inv… https://t.co/ulWK5ThoL6

a month ago

Cryptonex has launched a Telegram bot. The bot helps users ...

Cryptonex has launched a Telegram bot. The bot helps users get acquainted with Cryptonex services without spending… https://t.co/yMGWaJsWSp

2 months ago

6 Tokens With a Low Distribution of Wealth

In the world of cryptocurrencies, fair distribution of wealth is a lot more difficult to come by in this day and age. An interesting statistic shows how there are plenty of projects whose majority of the token supply is held by just 20 wallets or less. That is quite worrisome, especially because several of these tokens pertain to exchanges. #6 Cortex Although some people might not know what Cortex is about, the company aims to bring artificial intelligence to blockchain technology. Their ultimate goal is to build a decentralized AI autonomous system. Unfortunately for the team, nearly 90% of its tokens are held by 20 wallets or less. That is far from a fair distribution, and it will be interesting to see if the team decides to address this specific issue anytime soon. #5 Kin Even though the Kin token sale has gotten a lot of attention, it seems the distribution to date is not necessarily going according to plan. With over 90% of its token controlled by 20 wallets or less, it would appear there are some major investors involved in Kin, although a better distribution could easily benefit this particular venture moving forward. #4 Cryptonex Cryptonex is a platform which seeks to facilitate access to the world of cryptocurrencies. Their platform allows users to buy and sell Bitcoin, Ethereum, and the native Cryptonex token. Unfortunately, it seems most of those tokens are controlled by 20 wallets or less. It is possible the biggest wallet will be associated with the platform itself, though, but it is still a slightly worrisome situation regardless. #3 KuCoin Shares Whenever exchanges began issuing their own tokens, there was a genuine concern as to how things would pan out in the long run. It is anything but surprising to see nearly 95% of KCS tokens being locked in just 20 wallets, as the token can only be traded on the KuCoin exchange itself. Even so, this lack of distribution seems to indicate there isn’t much interest in this token, for some unknown reason. #2 Veritaseum The business model envisioned by Veritaseum is pretty interesting. It allows for access to capital markets in the form of globally accessible software. Its native asset, on the other hand, can be found within 20 wallets or fewer right now. Over 95% of its tokens are stored in these wallets, indicating there is nearly no distribution taking place at this time. Changing that narrative will be a very big task. #1 Huobi Token Another exchange-issued token closes this list, which is only normal. Huobi Token is an asset native to the Huobi exchange, and it can only be sued in that regard. As such, it is fairly normal very few wallets have access to this token’s supply right now, although one would expect distribution to be a bit more fair, all things considered. Just 2% of its tokens are not owned by the top 20 wallets, which is a bit unusual, even for an exchange-issued token. The post 6 Tokens With a Low Distribution of Wealth appeared first on NullTX.

2 months ago

@cybex888 Due to solidity update transactions in the old sma...

@cybex888 Due to solidity update transactions in the old smart contract work incorrectly. We will deposit 1 CNX coi… https://t.co/s0v4Bu2rnu

2 months ago

Cryptonex supports ThingsChain (TIC). ThingsChain is a nex...

Cryptonex supports ThingsChain (TIC). ThingsChain is a next-generation platform for IoT devices based on blockcha... https://t.co/K42Gd1Ij1t...

2 months ago

Cryptonex supports Nerves (NER). Nerves Blockchain is a net...

Cryptonex supports Nerves (NER). Nerves Blockchain is a network supportive of Internet of Things (IoT) devices whi... https://t.co/RyEpoLfJI2...

2 months ago

@RaziHaiderKhan @blockpublisher_ Cryptonex platform is funct...

@RaziHaiderKhan @blockpublisher_ Cryptonex platform is functioning in its full version. Now users can also test all... https://t.co/eCcF3ZW8ho...

2 months ago

We are pleased to announce that now Cryptonex platform has a...

We are pleased to announce that now Cryptonex platform has a demo mode at: https://t.co/d33PSqBbN6 Here you can... https://t.co/9egTVoBO9S...

2 months ago

Due to numerous requests, we launched and tested Cryptonex t...

Due to numerous requests, we launched and tested Cryptonex test network. You can download and get the updated clien... https://t.co/WXedHDPPij...

2 months ago

@Wind111186 To exchange CNX tokens for coins, you need to tr...

@Wind111186 To exchange CNX tokens for coins, you need to transfer the tokens to Ethereum wallet in your back offic... https://t.co/6JDH2v6ELp...

2 months ago

By popular demand, we started implementing libraries for dev...

By popular demand, we started implementing libraries for developers which will allow integrating Cryptonex in your... https://t.co/kkYzMlpqam...

2 months ago

Invoice service for business Cryptonex developed invoicing ...

Invoice service for business Cryptonex developed invoicing counterparties in cryptocurrency service with payment p... https://t.co/KIjZqMm92u...

2 months ago

Cryptonex announces the start of work on NERVES listing. NE...

Cryptonex announces the start of work on NERVES listing. NERVES will be available: - on P2P Exchange - in the "Inv... https://t.co/C2E0UAHEqM...

3 months ago

Cryptonex announces ThingsChain listing work start. ThingsC...

Cryptonex announces ThingsChain listing work start. ThingsChain will be available: - on P2P Exchange - in the "Inv... https://t.co/BegiQE4fV9...

3 months ago

Cryptonex now supports Ontology (ONT), high-performance publ...

Cryptonex now supports Ontology (ONT), high-performance public multi-chain project, distributed trust collaboration... https://t.co/g7Fe9VBMbl...

3 months ago

Pay attention! Now Cryptonex website has a new design. You ...

Pay attention! Now Cryptonex website has a new design. You can see all the latest information about Cryptonex P2P... https://t.co/yKrZn9NNVB...

4 months ago

4 Exchanges that Ignore the PBoC Cryptocurrency Ban and Offer BTC-CNY Pairing

To date, the People’s Republic of China still has a cryptocurrency trading ban on all domestic exchanges, yet somehow a few exchanges still offer BTC-CNY pairs for active trading. Cryptonex offers BTC-CNY paring, along with Bitcoin pairings with the Euro, US dollar, Korean Won, Japanese Yen and the Russian Ruble. The exchange also offers a CNY-ETH and BTC and ETH pairings for its own Cryptonex native token. FatBTC has decent volume ranging from $5 - $10 million and offers Bitcoin Cash, EOS, KIN and a few others. TOPBTC manages to move $100 million daily and has an impressive array of top 10 and lesser known altcoins listed. OEX leads in volume for the BTC-CNY pairing in China and the exchange also offers CNY pairings with ETH, EOS, TRON and a handful of smaller altcoins. (RS)

4 months ago

Despite PBoC Ban, 4 Exchanges Still Offer Trading of CNY-BTC

China's PBoC recently banned the trading of CNY on all exchanges in the country. Restricting exchange platforms in the country to trade CNY against BTC has not stopped few exchanges to trade CNY/BTC on their platforms. These are; Cryptonex, which despite the ban still trades in BTC/CNY. Among others, it trades Bitcoin against the US dollar, euro, Japanese yen. FatBTC also offers CNY tradings which include BTC, ETH, BCH. TopBTC, also in the list provides CNY trading pairs for ETH, EOS, and BTC while supporting LTC, BCH, Metaverse ETP and other altcoins. Additionally, EOX gives CNY trading pairs of BTC, ETH, EOS, and Tron among others. (VK)

4 months ago

Cryptonex exchange is in the TOP-50 exchanges according to ...

Cryptonex exchange is in the TOP-50 exchanges according to https://t.co/2fHoWJllmp We start cryptocurrencies/token... https://t.co/CoTgvE0G3H...

4 months ago

Now you can buy Bitcoin, Ethereum and Cryptonex using your V...

Now you can buy Bitcoin, Ethereum and Cryptonex using your Visa and MasterCard! Fast, reliable, without complicat... https://t.co/W3mFy0uT2g...

5 months ago

Cryptonex exchange is in the TOP-100. According to ...

Cryptonex exchange is in the TOP-100. According to https://t.co/2fHoWJllmp, Cryptonex exchange has entered world T... https://t.co/uc80iTLEJv...

5 months ago

Strategic investor privileges are available to any CNX owner...

Strategic investor privileges are available to any CNX owner: - Making a deposit you will receive 20% bonus. - T... https://t.co/OCAcSeO1hl...

5 months ago


News courtesy of berminal.com
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