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GYEN Price   

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GYEN

GYEN  

#GYEN

GYEN Price:
$0.00764
Volume:
$10.4 K
All Time High:
$111
Market Cap:
$17.8 M


Circulating Supply:
2,322,464,038
Exchanges:
1+
Total Supply:
2,322,469,679
Markets:
1+
Max Supply:
Pairs:
2



  GYEN PRICE


The price of #GYEN today is $0.00764 USD.

The lowest GYEN price for this period was $0, the highest was $0.00764, and the current live price for one GYEN coin is $0.00764400.

The all-time high GYEN coin price was $111.

Use our custom price calculator to see the hypothetical price of GYEN with market cap of BTC or other crypto coins.


  GYEN OVERVIEW


The code for GYEN crypto currency is also #GYEN.

GYEN is 1.9 years old.


  GYEN MARKET CAP


The current market capitalization for GYEN is $17,752,915.

GYEN is ranked #1074 out of all coins, by market cap (and other factors).


  GYEN VOLUME


The trading volume is modest during the past 24 hours for #GYEN.

Today's 24-hour trading volume across all exchanges for GYEN is $10,418.


  GYEN SUPPLY


The circulating supply of GYEN is 2,322,464,038 coins, which is 100% of the total coin supply.


  GYEN BLOCKCHAIN


GYEN is a token on the Ethereum blockchain.


  GYEN EXCHANGES


GYEN has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.

View #GYEN trading pairs and crypto exchanges that currently support #GYEN purchase.


  GYEN RELATED


Note that there are multiple coins that share the code #GYEN, and you can view them on our GYEN disambiguation page.


  GYEN RESOURCES


Websitestablecoin.z.com
Whitepaperstablecoin.z.com/assets/pdf/Whitepaper.pdf
TwitterGMOTrust


  GYEN DEVELOPER NEWS



Stay Ahead in Digital Forex: Insights on the Latest USD/JPY Movements

If there is one thing that is the talk of the forex town these days, it’s the Japanese Yen. The currency has generated a lot of buzz among analysts and investors mainly because of the BOJ’s policies. The market got hyped by December’s BOJ meeting, and the investors didn’t get what they expected in January’s meeting. So, what’s going on with the USD/JPY currently, and what can we expect? In this guide, we’ll answer these questions and paint an overall picture of USD/JPY.In the digital forex market, trading prices of stablecoins can be affected by various factors. The market trend of the underlying fiat currency is an essential factor to consider. - In our blog, we periodically update on the price movements of major currencies and analyze the policies and economic factors driving them. — What’s going on with USD/JPY? - What we saw in 2022, there was ultimate dominance of USD, and the dovish policies of BOJ (Bank of Japan) kept the bulls going. However, things can change quickly in the forex market. USD/JPY has been on a wild ride. The pair has dropped by 0.75% so far in 2023, and in the last six months, it has dipped by 6.11%. As always it’s the battle between the Fed and the BOJ, which drives the price of the USD/JPY.USDJPY price chart — The unchanged BOJ - On January 18, BOJ announced its monetary policy. The Bank opted not to make any more changes to its yield curve control program, causing...




2023 Crypto Market Outlook: Trends and Developments to Watch

The cryptocurrency market has seen its fair share of ups and downs in 2022, but as we head into 2023, it’s worth taking a closer look at what the future holds. This article will provide a 2023 crypto market outlook, focusing on the growth potential of DeFi, the adoption of fiat-backed stablecoins, the impact of regulatory change, the evolution of blockchain technology, the metaverse, and the NFT market. We’ll also touch on some key trends likely to shape the crypto market this year. Last year, the market was more challenging and volatile than ever. The collapse of Terra UST, FTX, and over 130 companies on FTX’s contagion lists impacted the market. The total market capitalization shrank from around $2.25 trillion at the beginning of 2022 to about $798 billion at the time of writing. The market capitalization of stablecoins also dropped from $166.27 billion to $137.79 billion. Among the turmoil, USDT, USDC, BUSD, and DAI remained major players in the market, with USDC and BUSD seeing considerable growth in market share. Regulators worldwide are stepping up to create clear and effective rules for the crypto market. In September, the White House released a comprehensive framework for crypto regulation. The collapse of FTX further increased the need for regulators to step in to protect crypto investors. The UK and EU have also proposed new bills, the Financial Services and Markets Bill (FSMB) and the Markets in Crypto Asse...




Cross-Chain Bridges Under Attack: the Threats and How to Mitigate the Risk

As the cryptocurrency world continues to evolve, cross-chain bridges have become essential for enabling interoperability between different blockchain networks. However, with this growing importance comes an increased risk of hacking and other security threats. In our previous article on crypto hacks, we explored the security threats faced by the cryptocurrency world. Another area that has seen a growing number of attacks in recent years is cross-chain bridges, which enable users to transfer assets or data between different blockchain networks. Despite the many great benefits that bridges offer, they have attracted the attention of hackers and money launderers. It’s unsurprising since the TVL of Ethereum bridges is already around $6bn, according to data from Dune Analytics, at the time of writing. — Cross-chain bridge hacks in 2022 - According to data from TRM labs, a blockchain intelligence company, as of November 2022, $ 3.6 billion in funds have been stolen, with almost $2 billion being stolen through cross-chain bridge hacks. In March, the cross-network bridge of the Ronin blockchain was attacked, during which the attackers withdrew $624 million in ETH coins and USDC tokens. Another huge episode was the hack of the Nomad protocol in the Evmos ecosystem in August. Almost all of its funds, worth around $200 million, were drained. The attack happened due to an update to one of Nomad’s smart contracts, which made ...




Arbitrum: The Ultimate Layer-2 Scaling Solution for Ethereum

The blockchain revolution paved the way for many innovations, cryptocurrency being the most significant of them. That said, Ethereum, the second major blockchain network, has constantly been explored for enhancing its throughput and reducing congestion. In this article, we will take a closer look at Arbitrum, a layer 2 solution on the Ethereum blockchain, explore its unique features and benefits, how it differs from its competitor Optimism, and why it is an essential part of the Ethereum ecosystem. — What is Arbitrum? - Arbitrum is a layer-2 blockchain that uses a type of scaling solution called optimistic rollup to improve the scalability and efficiency of Ethereum. There are currently two Arbitrum chains on the Ethereum mainnet: the Arbitrum Rollup chain “Arbitrum One” and the AnyTrust chain “Nova.” Arbitrum One is a decentralized, high-security chain suitable for DeFi and NFT projects. Arbitrum Nova, on the other hand, is a cost-efficient scaling solution that is optimal for gaming and social applications. In this article, we will primarily focus on Arbitrum One. What is an optimistic rollup? Optimistic rollup is a scaling solution that assumes off-chain transactions are valid and don’t require publishing proof of their validity on the main chain. Transactions are validated by a smaller set of nodes added to the main chain in batches, helping to reduce congestion and increase the overall transaction throug...




Digital Forex — 2023 USD/JPY Key Trends to Pay Attention To

Digital Forex — 2023 USD/JPY Key Trends to Pay Attention To - USD/JPY bulls have been in a frenzy in 2022, with the pair creating new highs. The hawkish policies of the Fed and the dovish stance of the BoJ (Bank of Japan) was the main reason for the USD/JPY climb. Here, we’ll look at what’s going on currently with the USD/JPY and what we can expect in 2023.In the digital forex market, trading prices of stablecoins can be affected by various factors. The market trend of the underlying fiat currency is an essential factor to consider. - In our blog, we periodically introduce the price movements of major currencies and discuss policies and economic factors behind them. — What’s up with the USD/JPY? - The interest rate differential between the US and Japan, with the former, quickly raising rates while the latter holding them at bottom levels to stimulate the economy, has contributed to the yen falling by as much as 25% this year. However, the USD/JPY has been reversing its gains since October, as the BoJ boosted the price of JPY back in September. After reaching the high of 151.944 in October, USD/JPY is in a downtrend. It’s worth noting that the USD/JPY has gained more than 32% since March. However, expectations that the Federal Reserve will pause the pace of rate rises prompted a drop in bond rates, allowing the dollar to take a breather for now. In addition, on December 20, the BoJ tweaked its policy o...




DeFi Hacks on the Rise: Is There a Solution?

In mid-December 2022, the TVL (total value locked) in the DeFi space is at $42.47 billion. This number peaked at $181 billion a year ago. The high cash flow and relative immaturity of the decentralized finance sector make it promising to investors while also being vulnerable to various hacks. — DeFi hacks in 2022 - DeFi has become a piece of cake for crypto hackers this year. For example, $718 million was stolen from the protocols in October alone across 11 different hacks. Eventually, October became the biggest month in the biggest year for hacking activity ever. The scale and severity of crypto hacks have been rising, with the total loss figure already approaching the $3.2 billion loss in 2021. As reported by Chainalysis, hackers have gained over $3 billion from 125 attacks by October of this year. Some major steals are as follows: — Ronin Network. — The Ronin Network, an Ethereum-based sidechain for the crypto game Axie Infinity, was scammed for over $625 million in ETH and USDC. In two transactions, the attacker used stolen private keys to fake withdrawals from the Ronin bridge contract. — Wintermute. — Wintermute, a leading crypto market maker, experienced a hack in which $160 million was stolen from its decentralized finance unit. The hack was enabled by a defect in the Profanity tool, which exploited a weakness in the wallet’s key generation process. — Qubit Finance. — Ac...




No More Tokens: Fiat-backed stablecoin as ideal crypto collateral

Photo by Michael Förtsch on Unsplash In the weeks since the collapse of Sam Bankman-Fried’s $36 billion crypto exchange FTX, we have learned a great deal. As one after another platform has stumbled in its wake — Bitfront and BlockFi, Genesis and Voyager Digital — we now know that fears of contagion are to be taken seriously. We also know that the actions of even those who claim to be idealists, like SBF and his effective altruism, should be questioned just as much as those of anybody else. Perhaps most importantly, we now know beyond a shadow of a doubt that using exchange-issued tokens as collateral is deeply problematic — though this last lesson may point to the industry’s future. Token collateral is essentially what brought down FTX. As has been widely reported, its crypto trading fund, Alameda Research, had for some time been borrowing the funds of FTX depositors and using FTX’s native token, FTT, as collateral on those loans. This balancing act worked as long as FTT maintained its value — which it did, thanks to FTX and Alameda’s manipulations. But when investor jitters drove FTT down 75 percent in a single day, suddenly Alameda had insufficient collateral to cover its trades and the house of cards collapsed, leaving as many as a million creditors out in the cold. The question to ask now is whether any other crypto exchanges have been propping themselves up with user funds and leaning to...




Digital Forex - Recent USD/JPY Price Change and What to Look For?

Since the start of 2022, USD/JPY has been trending upward. The lowering of the yen against the US dollar is mainly because of BoJ’s (Bank of Japan) dovish policies causing a wide gap between the US and Japan’s yields. So, how’s the price currently, and what is to expect for the USD/JPY? Let’s find out.In the digital forex market, trading prices of stablecoins can be affected by various factors. The market trend of the underlying fiat currency is an essential factor to consider. - In our blog, we periodically introduce the price movements of major currencies and discuss policies and economic factors behind them. — What’s going on with USD/JPY? - The lackluster CPI inflation report triggered the dovish repricing of market expectations surrounding the Fed’s rate rise cycle. Following the release on November 10, the yen had its greatest week since 2008, rising over 6% versus the dollar. However, the yen fell more in the third week of November, as the Bank of Japan is sticking to its ultra-easy monetary policy, contrasting sharply with the Fed and its major peers. In September and October, Japan spent over $60 billion on interventions in an attempt to lower the rate of losses. — Hawkish Fed - The Fed has gathered the horses and conveyed a hawkish message to the markets since the previous US inflation data sent equities markets soaring and the US currency down. The yen slid as much as 0.8% versus the ...




GMO-Z.com Trust Company Announces GYEN and ZUSD Stablecoins to Launch on the Stellar Network

World’s first regulated digital JPY asset and trusted digital USD asset now available on Stellar SAN FRANCISCO and NEW YORK — November 9, 2022 — GMO-Z.com Trust Company, Inc. (“GMO Trust”) and the Stellar Development Foundation (“SDF”) announced today that GYEN, the first regulated Japanese yen (“JPY”) stablecoin, and ZUSD, a U.S. dollar (“USD”) stablecoin, are available on the Stellar network. GMO Trust is the New York-based, regulated subsidiary of the Japanese Internet conglomerate, GMO Internet Group (“GMO Group”). The integration brings the world’s first regulated JPY-backed stablecoin and the trusted U.S. dollar-backed stablecoin to the Stellar network, a leading blockchain, which has grown to over 7 million accounts and handles millions of transactions each day. Through this collaboration, users will be able to transact seamlessly and cost-effectively across the established and proven Stellar global blockchain network, leveraging GYEN and ZUSD for near-instant, borderless transactions. GMO Internet Group has been a global market leader in Internet infrastructure, Internet finance, and digital assets since its inception in 1991. The regulated stablecoins GYEN and ZUSD offered by GMO Trust are fully backed by 1:1 fiat reserves of JPY and USD respectively, and such reserves are audited publicly on a monthly basis by an independent, accredited accounting firm. GYEN can always be purchas...




Non-USD Stablecoin: Market Potential and Regulation

In today’s world, stablecoins have become an essential part of the crypto industry. Despite the continuing controversy surrounding the cryptos, fiat-backed stablecoins are still considered one with excellent market potential. This article discusses the growing stablecoin market, reviewing changes in global currency reserve, the development of regulatory frameworks, and opportunities for non-USD stablecoins. Let’s start with the growth in the stablecoins market in the past few years. — Growth of the stablecoin market - The stablecoin market had a 13% gain in the first quarter of 2022, setting the year up for success, but the tragic Terra Luna breakdown had other plans. The fiat-backed stablecoins’ market cap is over $141 billion at the time of writing, and you can see the growth in the stablecoin market in the past two years in the graph below. Source: defillama.com Although the Terra Luna disaster cost the industry billions of dollars and highlighted concerns about the stability of stablecoins, its failure caused the crypto sector to mature. This way, investors are now more aware of the risks involved in cryptocurrencies. Related article: Algorithms Are Unreliable; Fiat-Backed is the Answer ~Part1, — The World’s Dominant Reserve Currency - Today, most of the fiat stablecoins in the market are USD-backed stablecoins, accounting for more than 90% of the stablecoin market value. The U.S. dollar has been t...




  GYEN NEWS


Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Fi...

    Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock's all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes 'Coinbase will need to make substantial reductions in its cost base.'Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable value during the last few months. When Coinbase first went public on April 14, 2021, the company's shares were listed on Nasdaq via a direct listing under the ticker COIN. At the time, the Coinbase initial public offering (IPO) reference price was set at $250, and investors saw the crypto exchange's listing as a 'watershed' moment. Following the stock coming out of the gate 14 months ago, amid that timeframe COIN tapped an ATH at $342.98 per share on November 12, 2021. Two days prior, bitcoin (BTC) reached its lifetime price high at $69K per unit. While BTC lost 70% over the next eight months, COIN has lost 83.68% since that time. On Monday, in a report published by Bloomberg, Goldman Sachs' analysts weighed in on Coinbase shares and downgraded the stock to a sell rating. In a note to investors, the investment bank's lead research analyst for payments and digital assets sectors, William Nanc... read More



Japanese giant GMO Internet Group to build blockchain business on Klaytn

    GMO Internet Group, a Japan-based internet service provider. announced it will partner with Klaytn Foundation to explore blockchain business on Klaytn, a blockchain initiative by the Kakao Group. This latest move is a continuation of the conglomerate's expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. It currently operates an online FX trading platform and brokerage, internet bank, payment gateway businesses, cryptocurrency exchanges, and is the issuer of stablecoins GYEN and ZUSD which are pegged to JPY and USD. Klaytn Foundation is a non-profit entity inSingapore that supports the Klaytn blockchain ecosystem by accelerating the sustainable global growth of Klaytn. Klaytn is a service-centric blockchain platform that aims to provide an intuitive development environment and user-friendly experiences for blockchain. 'The partnership of the largest internet company in Japan with one of the largest tech companies in Korea is one that encompasses a shared commitment to building new and open digital economies and offering a digital corridor to both marketplaces through the Klaytn blockchain. - David Shin, Head of Global Adoption at Klaytn Foundation Klaytn Foundation supports partners through various resources for testing the feasibility of blockchain businesses. One of the ways this is done is through the management of the USD $500 million Klaytn Growth Fund, which supports ecosystem players through various capi... read More



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