The Bithumb exchange’s new listing, ICON [ICX] has sent the value of the currency soaring in early morning trading. This recent news allows users to convert Korean Won [KRW] into ICON tokens on the exchange.
For exchange’s premium services subscribers, Bithumb Pro has activated tradings while regular users can deposit funds immediately but will have to wait until Sunday for the trades to go active. The coin was listed on the Korean platform on 21st March while trading was enabled on March 23rd 4:00 PM KST.
One of South Korea’s biggest exchanges, Bithumb tweeted today saying, ‘users can now trade ICON [ICX] at Bithumb’.
The value of ICX has fluctuated to the extreme. From a value as low as $1.59, it has soared up by 70% in the past few days to close at $3.91 as seen at press time today. The coin has been rising slowly as the week progressed. The coin is now trading at 11.44% higher than the beginning of the day.
Since the news was released, ICON’s market cap has increased to $757.8 million from $597 million which currently sums up to $1.5 billion. Apart from Bithumb, it was previously listed on Binance, OKEx, and Huobi.
ICON has a vision, “to hyper connect the world” with one of the largest decentralized networks in the world. The smart contract trend is what even ICON plans to adopt using which the team wants to build a platform that will allow blockchains to interact with each other.
Bithumb has listed 12 currencies with the list including top cryptocurrencies such as Bitcoin [BTC], Ripple [XRP], Monero [XRP], and Ethereum [ETH].
Earlier this week, they announced that NEM would be listed on the platform, with immediate effect along with the partnership agreement with the Bitcoin payment service BitPay.
Alessandro tweeted on reading the news:
“Will eventually ICX have a market V/S USD. I am thinking how will a non-Korean holder sell some of it?”
Amy Wilson says:
“Hello, ICON. Keep doing your best! So what do people think of the last couple of days? Will we have a retraction/sell at price in this weekend?”
Anthony Parker said:
“You have the best team! Keep doing great things.”
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Tron’s Justin Sun claims stablecoins will be key to cryptocurrency development
The Justin Sun-led Tron has been in the news multiple times recently, thanks to its regular updates and noticeable price hikes. The CEO has also played a very active role in promoting the cryptocurrency, as exhibited by his recent AMA on Periscope.
Sun focused on how the initial success with protocol governance in the Tron ecosystem paved the way for future developments in the blockchain. The CEO stated,
“Tron had 27 Super Representatives passing 17 new protocols out of which 10 were voted in and accepted. Tron is also the third blockchain after Ethereum to be associated with the stablecoin Tether.”
Justin Sun further opined that 2019 was the year of the stablecoins and that inked assets will be a key focal point when it comes to future developments. He believes that the stablecoin system is the ecosystem in which centralized finance will be taking off. Sun added,
“We will be collaborating with more parties to boost Tether USDT use cases in the TRX ecosystem.”
The Tron Foundation had launched Tether on the TRX blockchain in April to much fanfare, with Tron tweeting,
“Today #USDT is launched on TRON’s blockchain. $USDT is issued by @Tether_to on the #TRON network based on #TRC20 protocol. There will also be a total reward of 20 million $USDT for 100 days. $USDT will be fast, free and smart! #TRX #BTT”
This program was later postponed due to certain discrepancies that came to light post the Tether-Bitfinex episode. Another topic touched on by the Tron CEO was the much-celebrated BitTorrent, which has come a long way since its acquisition by Tron in 2018. Sun admitted that BitTorrent was ‘integral’ to the overall growth of Tron’s development cycle. BTT recently completed its fifth airdrop on June 11, right after the Tron blockchain had breached the 10 million mark in terms of block height. The BTT airdrop involved the transfer of close to a billion tokens which were sent as a reward to TRX holders.
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