Bidya logo
  Crypto Coin Prices and News  

SIX Price   

Cap | Volume | High | Low | Old | New | Rare | Vs | Blockchains | Exchanges | Market | News | Dev News | Search | Watchlist
SIX

SIX  

#SIX

SIX Price:
$0.06
Volume:
$844.5 K
All Time High:
$0.58
Market Cap:
$15.5 M


Circulating Supply:
273,776,596
Exchanges:
3
Total Supply:
273,776,596
Markets:
3
Max Supply:
999,999,970
Pairs:
2



  SIX PRICE


The price of #SIX today is $0.06 USD.

The lowest SIX price for this period was $0, the highest was $0.057, and the current live price for one SIX coin is $0.05669.

The all-time high SIX coin price was $0.58.

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


  SIX OVERVIEW


The code for SIX crypto currency is also #SIX.

SIX is 4.4 years old.


  SIX MARKET CAP


The current market capitalization for SIX is $15,519,548.

SIX is ranking downwards to #526 out of all coins, by market cap (and other factors).


  SIX VOLUME


There is a medium daily trading volume on #SIX.

Today's 24-hour trading volume across all exchanges for SIX is $844,461.


  SIX SUPPLY


The circulating supply of SIX is 273,776,596 coins, which is 27% of the maximum coin supply.


  SIX EXCHANGES


SIX has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 3 crypto exchanges.

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


  SIX RESOURCES


Websitesix.network
Whitepapergithub.com/thesixnetwork/business
TwittertheSIXnetwork
Redditr/sixnetwork
TelegramSIXnetwork


  SIX DEVELOPER NEWS



สรุป Roadmap ปี 2023 : Utilities ที่ไร้ขีดจำกัด

สรุป Roadmap ปี 2023 : Utilities ที่ไร้ขีดจำกัด - SX Network Roadmap 2023 | Limitless Boundary of Utilities — บทนำ - SIX Network ได้ประกาศแผนงาน ซึ่งเกิดจากความพยายามอย่างต่อเนื่องในการนำธุรกิจชั้นนำของแต่ละอุตสาหกรรมเข้าสู่โลก Web3.0 โดย SIX Protocol ซึ่งเป็น Blockchain สาธารณะของเรา เรามุ่งมั่นที่จะให้บริการ Blockchain Solutions ซึ่งเป็นนวัตกรรมที่ช่วยให้ธุรกิจเติบโตในโลกของ Blockchain, Crypto และ NFTs มากขึ้น โดยทีมของเรานั้นทำงานอย่างหนักเพื่อพัฒนาโปรเจกต์ NFT Gen 2 ซึ่งจะทำให้ธุรกิจ และ Creators สามารถนำ NFT ไปใช้ให้เกิดประโยชน์สูงสุด “NFT Gen 2” คือนวัตกรรมที่เชื่อมต่อ NFT กับธุรกิจในโลกจริงได้อย่างราบรื่น และเรามั่นใจว่าโป...




SIX Network Roadmap 2023

SIX Network Roadmap 2023: Limitless Boundary of Utilities - SX Network Roadmap 2023 | Limitless Boundary of Utilities — Introduction - SIX Network is excited to announce our continued efforts to onboard top industry-leading businesses to the Web3 space using SIX Protocol, our first-ever public blockchain. As we aim to provide innovative solutions to help businesses grow in the fields of blockchain, crypto, and NFTs, we are thrilled to announce that our team is working hard to develop an NFT project that will change the way businesses utilize NFTs in the real world . Introducing “NFT Gen 2,” an innovation that seamlessly connects the power of NFTs with real-world businesses. We are confident that this project has the potential to shape the future of NFTs globally. We invite all interested parties to stay updated as we continue to push the limits of what is possible in the decentralized blockchain space.SIX Network Roadmap 2023 — SIX Protocol Blockchain Infrastructure for business — SIX Roadmap Overview - In 2023, SIX Network will work on creating more products and focus on its use cases. Our goal is to be a one-stop solution for businesses and communities. Last year, we launched “SIX Protocol” which is an infrastructure blockchain and we have partnered with business node validators to ensure that SIX Protocol is secure. Next, we developed the Dynamic Data Layer technology on the SIX Protocol chain ...




SIX Bridge เตรียมความพร้อมโอนย้าย SIX ไป Binance Smart Chain เพื่อใช้บน Definix

สิ้นสุดการรอคอยเปิดตัว Definix พร้อม SIX Bridge และรอรับ Genesis Pool ในวันพรุ่งนี้ - การอคอยประกาศใหญ่จาก SIX Network ได้สิ้นสุดลงและพร้อมเปิดให้บริการด้านการเงินที่ก้าวล้ำและกองทุนคริปโตที่สามารถร่วมลงทุนได้อย่างเป็นทางการ การเตรียมตัวพร้อมเข้าใช้บริหารเริ่มต้นจากการ Bridge เพื่อให้รอรับสิทธิ์ใน Genesis Pool SIX Network เปิดให้บริการฟีเจอร์ SIX Bridge เพื่ออำนวยความสะดวกสำหรับผู้ถือครองเหรียญ SIX ในการข้ามเชนเพื่อให้ได้ใช้ประโยชน์สูงสุดจากการเป็น Multi-Chain Fund Management Protocol บนแพลตฟอร์ม DeFi ใหม่ที่ได้มีการพัฒนามาตั้งแต่ต้นปีที่ผ่านมา เพื่อเตรียมความพร้อมการเปิดตัว...




SIX Network ประกาศชื่อผลิตภัณฑ์เพื่อการลงทุนใน DeFi

SIX Network เปิดตัวเว็บไซต์ “Definix” เพื่อเตรียมออกแพลตฟอร์ม DeFi เร็ว ๆ นี้ - SIX Network มีความยินดีที่จะแจ้งเรื่องการเปิดเผยชื่อโปรเจ็กต์ใหม่อย่างเป็นทางการ พร้อมกับเปิดตัวเว็บไซต์ definix.com สำหรับการเตรียมปล่อยแพลตฟอร์ม DeFi ใหม่นี้แล้ว ชื่อของโปรเจกต์นี้ก็คือ “Definix” (ดีฟินิกซ์) สัญลักษณ์แห่งความเปลี่ยนแปลงของโลกการเงิน ชื่อของแพลตฟอร์ม Definix (ดีฟินิกซ์)นั้นเป็นการเชื่อมคำสองคำคือ DeFi ที่ย่อมาจาก Decentralized Finance และ SIX ซึ่งในช่วงแรกของการพัฒนามีชื่อเล่น ๆ ที่ทางทีมผู้พัฒนาเรียกกันว่า Defisix (ดีไฟซิกส์) แต่แล้วก็เพี้ยนมาเป็น Definix เนื่องจากมีความเหมาะส...




SIX Network launches Definix website in preparation for the DeFi platform to be released

SIX Network Launches Definix Website in Preparation For The DeFi Platform To Be Released - SIX Network officially unveiled the name of the DeFi project that is being constructed during the beginning of the year 2021 and the definix.com website is ready for DeFi experience. — A Sign of a Time to revolutionize the Financial World. — Definix, a new DeFi platform from the developer of SIX coins. The story to the name of Definix comes from the conjunction of the two words DeFi, which stands for Decentralized Finance and SIX. In the first stage it was called Defisix, but then distorted to Definix because the pronunciation of the word is more catchy. Thus the name has a consonant sound similar to the legendary creature, the Phoenix. Which symbolized the power of change, rebirth, and hope. — What’s Inside definix.com?. — The composition and layout of the Definix website are styled with simplicity. But the most importantly the Definix from SIX Network on this milestone is to clarify the significant features in Definix Ver. 1 aim for crypto traders who are interesting as of: Decentralized Exchange (DEX) & Liquidity Pools The exchange that occurs in DeFi with cryptocurrency is decentralized and is commonly known as Swap which helps traders to swiftly exchange for the currency they need without others in contact. For that use, the exchanged crypto can be added to the liquidity pool for the system and gai...




[PREMIER] New DeFi Project by SIX network Features Revealed

[PREMIER] New DeFi Project by SIX Network Features Revealed - The unstoppable DeFi trend that has been a buzzword in 2020 brought SIX’s attention to want to hop on the train and to expand the opportunity in digitalizing the financial economy to another level. We are currently under construction with the project we’ve introduced previously before 2020 ends and wish to release the platform in the first quarter of 2021. In which the project focuses on investment with cryptocurrencies to enhance the revenue as a passive income.“Simplest investment platform by crypto experts”— Mr. Vachara Aemavat, Co-CEO SIX Network Our core vision is to make DeFi simple for those who are non-crypto experts and wanted to encourage everyone to have more confidence in taking the path to having an advantaging investment experience, ensuring that the platform is easy to understand in one minute. — Why is This Platform Friendly for Everyone? - The interesting factor of this platform is the combination of a new feature to the exchange of foreign currencies in the crypto-world, entitled, “Swap” which operating on the Klaytn blockchain initially has lower gas fees compare to other Decentralized Exchange (DEX) in the DeFi market. Furthermore, the platform delivers funding that enables investors to buy the type of fund as desires whilst receiving the Liquidity Investment Token (LI Token). All funds will be managed and proctor by pr...




SIX Network Q3–4 2020 Update

In the last two quarters of the year 2020, SIX Network has never stop reinventing and developing what we have on hands to create solutions in which will help eliminate manipulative digital data utilizing blockchain technology. Here are the three considerable moves during the third and fourth quarter, which are (1) ‘snap’ in collaboration with Claim Di, (2) the new highest price of SIX, and (3) new wallet feature in ‘snap’. — ‘Snap’ in Collaboration with Claim Di - Thai InsurTech, Claim Di has announced the collaboration with ‘snap’ powered by SIX Network in late August 2020. ‘Snap’ application has the main role to deduct and zero out the image modification when clients issue the insurance policy.Our profession is to leverage the blockchain system into the new era of the digital insurance system. Adopting Captured-Locked Image (CLI) from its in-built ‘snap’ application by verifying the specific location, weather condition, shade, and lighting, etc from the real-time photograph taken. After all the algorithms have been verified as a true image, the insurance company will get an alert from the claimant, then the insurer can calculate precise cost of payment for the damage. It is fast and efficient for every party reduces the cost and time in every process. When the photo was snapped and verified no one can have access to the storage system on the blockchain, not even the insurance company. This wi...




식스네트워크 2020 하반기 업데이트

2020년 하반기 식스의 중요한 세가지 사안들을 소개합니다 (1)Claim Di 와 snap의 협업 (2) KLAYTN과의 파트너십 (3) 월렛 서비스 — Claim Di와 ‘Snap’ 파트너십 체결 - 지난 8월, 태국 인슈어테크 기업, Claim Di는 SIX Network에서 제공하는 ‘snap’과의 파트너십을 발표하였습니다. ‘Snap’ 어플리케이션은 고객이 보험 정책을 발행 할 때 이미지 수정을 최소화하는 주요 역할을합니다.우리의 목표는 블록 체인 시스템을 디지털 보험 시스템의 새로운 시대에 활용하는 것입니다. 촬영 한 실시간 사진에서 특정 위치, 날씨 상태, 그늘 및 조명 등을 확인하여 내장 된 ‘Snap’ 애플리케이션에서 캡처 잠금 이미지 (CLI)를 채택합니다. 모든 알고리즘이 실제 이미지로 확인되면 보험 회사는 청구인으로부터 보험사가 피해에 대한 정확한 비용 지불을 계산할 수 있다는 알림을 받습니다. 모든 당사자가 빠르고 효율적으로 각 프로세스에 소비되는 비용과 시간을 줄입니다. 사진이 찍히고 확인되었을 때 아무도 블록 체인의 스토리지 시스템에 액세스 할 수 없으며 보험 회사도 마찬가지입니다. 이는 메타 데이터와 같이 나중에 참조 할 수 있도록 데이터로 저장되며 사기성 위조 이미지를 천천히 제거합니다. ...




SIX Network อัพเดตไตรมาศ 3–4 ปี 2563

ในช่วงสองไตรมาสสุดท้ายของปี 2020 SIX Network ไม่เคยหยุดยั้งในการคิดค้นและพัฒนาสิ่งที่เรามีอยู่ในมือเพื่อคิดค้นวิธีจัดการกับระบบข้อที่ถูกบิดเบือนได้ในระบบดิจิทัล โดยใช้ความสามารถของเทคโนโลยีบล็อกเชน(Blockchain) มาเป็นเสาหลักในการจัดการนั้น ๆ นี่คือความเคลื่อนไหวที่สำคัญสามประการในช่วงไตรมาสที่สามและไตรมาสที่สี่ของเรา ได้แก่ (1) “snap” จับมือกับ Claim Di (2) ออกเรือไปกับยักษ์ใหญ่ KLAYTN (3) ฟีเจอร์ใหม่บนแอปพลิเคชั่น “snap” — ‘snap’ จับมือกับ Claim Di - บริษัท InsurTech ในไทยอย่าง Claim Di ได้ประกาศความร่วมมือกับ ‘snap’ ที่ขับเคลื่อนโดย SIX Network ในช่วงปลายเดือนสิงห...




New application from SIX Network. How to apply snap in business?

nap is an application to help inspect the composition of the photo to determine whether the photo has exactly the information provided by the sender. By examining the Metadata such as date, time, light condition, snap will calculate the precision index or reliability of the image. Our capture-locked image technology is used to help individuals and enterprises inspect captured images to ensure that there is no manipulation of images’ metadata during the process of inspection. Examples of snap use cases in daily life and in business. For online transactions or E-commerce such as second-hand or limited goods, someone may use picture of product of others or picture from internet to claim to have such item to deceive the buyer. snap can help verify the reliability of the seller from snap ID, giving buyers confidence in such purchase., 2. For insurance business, by checking through the pictures taken by anyone with Capture-locked image technology in snap to record Metadata date, time, location, climate, lighting, etc., make sure that no tampering or editing can help to reduce expenses and working time. 3. snap can be used to store important documents on the blockchain and can be distributed to other people to provide consistent evidence and transparency without others being able to make change to such document. Moreover, snap can be used to prevent forgery of important documents such as signature editing by editing photos to hel...




  SIX NEWS


Digital Asset Inflows Hit $117M Last Week, Largest in Six Months

    Digital-asset products saw inflows totaling $117 million last week, according to the crypto investment firm CoinShares. This marks the largest inflow recorded since July 2022. Subsequently, the total asset under management (AuM) increased to $28 billion, recovering by 43% since the lows of November. Bitcoin-tied investment funds alone recorded $116 million in inflows last week. Minor inflows into short-bitcoin of $4.4 million were also noted during the same time frame. Strong inflows came as Bitcoin climbed above $23,000 after surging by well over 40% year-to-date. Despite the market recovery in the past few weeks, investors are still cautious, preferring select investments. This trend was indicated by the continued outflows for the 9th consecutive week in multi-asset investment products that added up to $6.4 million. Altcoins such as Solana, Cardano, and Polygon recorded inflows, while Bitcoin Cash, Stellar, and Uniswap saw minor outflows. The report also found that inflows associated with blockchain equities stood at $2.4 million. However, gauging across providers demonstrated a 'polarized sentiment.' The report further said that investment product volumes were up by 17% compared to the YTD average and are improving. Data shows that $1.3 billion were traded for the week. A similar trend was seen by the broader digital asset market, which witnessed average weekly volumes surge by 11%. Germany dominated with the largest inflows in terms of geography, recording $46 million. T... read More



Bitcoin Miner Sell Pressure Reaches Six Year High

    Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month.  According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone.  His data is backed up by a similar finding from Glassnode, which showed total miner balances plummeting to a 10-month low this week. Their holdings are now worth roughly $30.4 billion, representing almost 10% of Bitcoin’s supply. It's a Bitcoin miner bloodbath. Most aggressive miner selling in almost 7 years now.Up 400% in just 3 weeks! If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business. pic.twitter.com/4ePh0TIPmZ — Charles Edwards (@caprioleio) November 21, 2022 “If price doesn't go up soon, we are going to see a lot of Bitcoin miners out of business,” said Edwards. Mining companies depend on Bitcoin’s fixed 6.25 BTC block reward as their source of revenue. A block is mined approximately once every ten minutes using computational power.  As mining becomes a more competitive industry and network difficulty rises over time, participants must seek out more energy-efficient mining resources to stay profitable.  This task becomes more difficult during a bear market when the Bitcoin produced by each block is worth significantly less in dollar terms.  As such, multiple major mining firms ha... read More



Binance Shares Six Commitments and Principles for Centralized Exchanges

    Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every other centralized exchange should adopt in order to ensure user trust. He also said he is working with industry partners to create an all-out recovery fund. This would go towards supporting otherwise healthy businesses that have been “unfairly impacted by FTX’s apparent fraud,” he added. Binance was entwined in the imbroglio that led to the demise of Sam Bankman-Fried’s crypto empire last week. The company started offloading FTX exchange tokens (FTT) and then pulled out of an offer to help FTX with its liquidity issues. In light of what happened last week, I felt compelled to define the six most important requirements that #Binance and every other centralized exchange should adopt in order to ensure trust with our users.https://t.co/BmZsNraNs5 — CZ Binance (@cz_binance) November 15, 2022 The Binance Six Principles The first of the Binance big six was being risk averse with user funds. This was the big mistake that FTX made, using user funds as collateral elsewhere. This leads to the second principle that exchanges should never use their own native token as collateral. Native tokens provide the foundations of the exchange blockchain ecosystem, so shouldn’t be deployed elsewhere. It was concern over the FTT token that catalyzed th... read More



Chainlink Sharks and Whales Add $313M Worth of LINK in Six Months

    Chainlink has been witnessing strong whale accumulation and address activity this year. Sharks and whale addresses, holding 10,000-1 million LINK, have continued to pile up tokens as the bear market set in. According to the latest data from the crypto-analytic platform, Santiment, this cohort of investors has collectively added over $312 million worth of LINK tokens to their wallets since March 3rd. 'Chainlink's shark & whale addresses (holding 10k to 1m $LINK) have been busy accumulating during the 2022 bear market. Since March 3rd, these addresses have added 47.31M LINK to their wallets, collectively. This translates to $312.7M more invested.' The whales and sharks are currently holding 17.61% of the total circulating supply of LINK, increasing their holdings by a decent 4.73% during the period of six months. Typically, an accumulation trend precedes price swings on the upsides, but that has not been the case for Chainlink. On the price front, LINK is yet to see a breakthrough after erasing much of the gains established during brief rallies last month. The most recent sell pressure can be attributed to offloading of tokens by another category of LINK addresses holding more than 10 million LINK, which controls around 54% of the total circulating supply. Outflows were also observed in whales holding between 10,000 and 100,000 LINK, which further prompted a sell-off resulting in a nearly 9% loss over the week. Yet another cohort accumulating are LINK addresses holding between... read More



XRPL to Provide Tech Basis for at Least Six Stablecoins

    Stablecoins are among the core focus areas for applications on XRP Ledger. As of Q4, 2022, development teams in various regions across the globe are building stable cryptocurrencies using it as a technical platform. Stably, Stasis, Novatti, who else? Anonymous cryptocurrency expert who goes by @WKahneman on Twitter shares the digest of the most promising stablecoin project on XRP Ledger. Recently there have been a number of stablecoins announced on the #XRPL. Any others of note? Stably (USDS)https://t.co/if42mckwZw Stasis (EURS)https://t.co/xx6EXjkBpZ Xago (XUS)https://t.co/ow1X7Osi9I Palau (USD?)https://t.co/RvewlKBrcC Novatti (AUDC)https://t.co/Zd5kiqN0Ld — WrathofKahneman (@WKahneman) October 8, 2022 Most of them are not only using XRP Ledger for its software but are also actively collaborating with Ripple Inc. in engineering and marketing. For instance, Stably USD (USDS) is being developed by Seattle-based Web3 project Stably. As covered by U.Today previously, they decided to expand its product to XRPL in early September. Euro-pegged stablecoin EURS by Stasis can be unveiled in mainnet as soon as Q4, 2022, per the previous statements of its team and Ripple. XUS stablecoin by South African platform Xago is already on its way to XRP Ledger's mainnet. Palau rolls out its CBDC together with Ripple Besides that, XRPL-based products are building stablecoins with unusual assets. For instance, Germany-based Novatti Group Limited is going ... read More



Analyst Says BTC Is Angling For Six Digit Rally In Next Year

    A popular crypto analyst has predicted that Bitcoin (BTC) is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the prediction on his Twitter handle while addressing his over 300k followers.  The recent bear market began in late 2021, with Bitcoin dropping over 60% from its previous high. Many analysts attributed the high interest to excess money in circulation. However, the market has declined since the start of 2022 due to many macroeconomic factors.  Bitcoin fell over 60% from its all-time high of $68,000, with altcoins following the trend. Inflation statistics and lending rate hikes are major causes of the market’s volatility.  However, the market seems to be stabilizing in the past few weeks. BTC remained sturdy after the Feds announced another rate hike last Wednesday, seeing a minor price decrease. While it has enjoyed some short wins and nose-dives, it has remained in the $19,000 range. Why Is Credible Bullish On BTC's Growth Next Year? Given the current market situation, some analysts believe the market could get worse before getting better. However, Credible believes that Bitcoin just completed a lengthy correction and is ready to spark a parabolic rally to hit $150k. Momentum. Which is why estimates must be within a range- it can vary. I am expecting at least 100k, not 300k+, likely somewhere around 150k-ish. But will know more as PA develops and the move actually starts. - Credible. BTC is curren... read More



Report: Reddit Co-Founder Alexis Ohanian's Seven Seven Six Targets $177M...

    According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum.Seven Seven Six Launches Cryptocurrency Fund Kryptós - Plans to Go Live in October On August 29, 2022, The Information reporter Kate Clark published a report that noted Reddit co-founder Alexis Ohanian's Seven Seven Six is raising money for a new crypto-focused fund called Kryptós. The company has been behind a number of investments tethered to the crypto and Web3 industry. For instance, Seven Seven Six led the Ethereum Web3 wallet platform Rainbow's $18 million funding round. In mid-December 2021, Seven Seven Six teamed up with Polygon to launch a $200 million social media Web3 fund. On Monday, The Information's report says the fund Kryptós is looking to raise $177 million and it will invest in crypto assets. Last April, Seven Seven Six was approved to operate as a registered investment advisor (RIA), and Clark reports that her publication read the Kryptós fund marketing paperwork. The Kryptós fund paperwork notes that there's 'potentially a unique opportunity' to obtain crypto investment vehicles 'at a discount.' Now that Seven Seven Six is a registered investment advisor, it can invest in digital assets and manage the fund for a fee. Clark's report further cites on... read More



Ethereum (ETH) Market Cap Falls More Than $124 Billion In Six Weeks

    Ethereum, the second-largest cryptocurrency by market capitalization, is currently in freefall. Over $124 billion in capital vanished from the Ethereum (ETH) decentralized finance (DeFi) in six weeks. Seven months ago, ETH reached its highest value ever at $4,891.70 on November 16, 2021. However, the larger crypto market continues to fall due to macroeconomic uncertainty fueled by an unstable stock market, interest rate hikes, and the fear of crisis. The Ethereum DeFi Market Is Deleveraging Dramatically Glassnode, a blockchain analytics firm, released a report on June 17. The report was titled 'The Great DeFi Deleveraging.' The report stated that over $124 billion in the capital had been drained out in only six weeks from the Ethereum DeFi market. As a result, its market value is deleveraging rapidly. According to their statement, many reasons have sparked a wide range of margin calls, liquidations, and deleveraging. These reasons include worldwide monetary policy tightening, the growing strength of the US dollar, and decreasing values of risk assets. Their analysis looks at some early warning signs that predict a drop in ETH usage and community demand after the November 2021 all-time high of ETH value. They claimed that on-chain activity and Ethereum gas prices had decreased over six months. This indicates a drop in overall Ethereum network activity. ETH is currently trading below $1,100 on the daily chart | ETH/USD chart from Tradingview.com  As stated in the report: ... read More



Switzerland's SIX Digital Exchange Postpones Crypto Services Launc...

    Due to prevailing market conditions, SIX Swiss Exchange has postponed the launch of its crypto services arm, SIX Digital Exchange (SDX). Of note, the stock exchange is Switzerland’s main and the 3rd largest of its kind in Europe. In September last year, the nation’s regulator gave it the green light to launch crypto-related services exclusively to regulated institutions. More specifically, SDX planned on providing custody and staking services to banks, hedge funds, and other licensed financial firms. SIX Swiss Exchange Puts off Launch of Crypto Services Now, due to “current market conditions,” the exchange’s crypto services launch has been put off indefinitely, The Wall Street Journal reported. In the past year, several of Switzerland’s traditional financial players have gotten in on the cryptocurrency industry. Other than the SIX Swiss Exchange, others are Arab Bank Switzerland, BBVA bank, and the nation’s largest online bank Swissquote. The stock exchange expected to tap into the nation’s wealthy class to make cryptocurrencies a part of their portfolio. Recently, however, the crypto market has seen billions of dollars wiped out, as its overall market cap plummeted below $1 trillion. Bitcoin (BTC) fell below the $25K mark, trading at $22,000 as of writing time, while its market dominance shrunk. MicroStrategy, the biggest institutional holder of Bitcoin, now has over $1.26 billion in unrealized losses. Tesla’s Bitcoi... read More



Six Years of Relentless Efforts: ViaBTC is Always on the Way

    BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue. Before choosing one from many mining pools out there, miners should think about the following factors. First, brand recognition. In general, famous pools are more reliable because they are often highly recognized by the miner community. Second, user experience in both the products and the services the pool provided. A pool with a full range of products, in most cases, enables efficient and convenient mining experiences. All in all, brand recognition, and user experience in products and services are all backed by the tech capacity of the team behind the pool. Strong tech capacity allows a pool to offer a sound mining environment, so as to better safeguard the interests of miners. 6 years of solid steps: ViaBTC is reliable and trustworthy In March 2016, Haipo Yang, the founder of ViaBTC, developed and deployed ViaBTC Pool on his own. Only two months later, ViaBTC Pool was officially launched. In June of that year, the BTC pool was introduced. To improve the min... read More



World's First ETP With Combined Bitcoin, Gold Exposure Launches on...

    The first exchange-traded product (ETP) that combines Bitcoin (BTC) and gold exposure has been listed on Europe's 3rd biggest stock exchange - SIX. The new product has been unveiled by Zug-based ETP issuer 21shares in partnership with investment adviser ByteTree Asset Management. Best of Old and New World According to the official post, the physically backed index product, known as 21Shares ByteTree BOLD ETP (ticker BOLD), is designed to track an index comprising Bitcoin and gold, which rebalances monthly as per the comparative volatility of the two assets. The fund will rebalance on the basis of 360-day historical volatility. The asset with less volatility will achieve higher weightage in a bid to maximize risk-weighted returns. Due to its lower volatility, gold has been assigned with a higher weighting of 81.5% at launch. Bitcoin, on the other hand, has an 18.5% share. Its objective is to 'deliver inflation protection by tracking an index that gives optimal risk-adjusted exposure to bitcoin and gold.' The announcement also read, 'Gold and bitcoin provide diversification to a balanced portfolio. BOLD offers investors a convenient way to invest in gold and bitcoin, in a structure that prudently manages risk. Rebalancing transactions are carried out within a tax-efficient structure.' Charlie Erith, a chief investment officer of ByteTree Asset Management, said the idea is to make Bitcoin an acceptable asset to hold while bringing gold into the 21st century. Both assets have att... read More



LMAX Partners With Financial Services Group SIX to Launch Crypto Futures...

    Institutional cryptocurrency exchange LMAX has announced a partnership with Swiss financial services group SIX to launch cash-settled, centrally cleared crypto-asset futures. With the increasing institutional adoption of crypto trading, LMAX Group CEO David Mercer reveals that the company will complete its offering by adding digital asset futures to its portfolio through the latest partnership. LMAX-SIX's New Crypto Product Offering Based on regulatory approval, LMAX said the launch is expected in Q3 2022. As per the official press release, the product will initially include centrally cleared USD settled Bitcoin and Ethereum futures. It will trade for 23 hours, five days a week. However, the fintech firm plans to eventually extend the roll-out to 24/7 trading. LMAX stated, 'The partnership, which leverages the expertise of two leading market players, is set to deliver a superior crypto offering and is expected to receive immediate uptake from existing LMAX Group clients as the digital asset ecosystem continues to institutionalize and demand robust trading infrastructure grows.' According to Mercer, LMAX's institutional client base, which includes 35 top-tier banks that are already trading with the company, will benefit from the strength of the exchange trading technology, in addition to the 'secure clearing connectivity of SIX.' The exec also said the partnership will help bridge the gap in facilitating round-the-clock crypto futures trading seven days/week while catering to ... read More



Ripple: 21Shares Launches $XRP Exchange-Traded Product (in CHF) on SIX S...

    Switzerland-based 21Shares AG, considered one of the pioneers when it comes to the issuance of cryptocurrency exchange-traded products (ETPs), has announced the launch of an $XRP ETP in Swiss francs (CHF) on the SIX Swiss Exchange. The SIX Swiss Exchange is based in Zurich and is Switzerland’s main stock exchange. It trades other securities such as Swiss government bonds and derivatives such as stock options. The exchange is owned by the SIX Group, an “unlisted public limited company itself controlled by 122 banks or financial institutions.” New Listings From today, seven @21Shares ETPs are available in CHF on the SIX Swiss Exchange Single Assets: #Cardano, #Polkadot, #Ripple & #Solana Indexes: HODL, HODLV, HODLX BONUS: Our #Bitcoin ETP is now also available in JPY Learn more here: https://t.co/2UqJJoDAm7pic.twitter.com/24PRyKZ81x— 21Shares (@21Shares) March 10, 2022 21Shares’ physically-backed XRP ETP, the 21Shares Ripple XRP ETP, is touted as the “world’s first Ripple ETP” and trades under the ticker AXRP. It aims to track the investment results of XRP minus fees, with each share of the ETP having 30.11650072 XRP in it. The product has a 2.5% management fee and is already listed on a number of other exchanges, including the Boerse Stuttgart and Euronext Amsterdam, and Euronext Paris. According to CryptoCompare’s February 2022 Asset Report, it held 76.7 ... read More



Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian&rsqu...

    The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian's venture capital firm Seven Seven Six. The new financing that follows the startup's $1.5 million seed round will allow Rainbow to focus on 'onboarding the next 100 million users to Web3.'Ethereum-Based Rainbow Wallet Raises $18 Million Rainbow, a non-custodial Ethereum (ETH) wallet that's available for iOS and Android devices has announced the team has raised $18 million in a Series A investment round. The announcement notes that the financing was led by Alexis Ohanian's venture capital firm Seven Seven Six. Ohanian's Seven Seven Six has been giving a lot of attention to blockchain and Web3 startups during the last year. In mid-December 2021, Seven Seven Six and Polygon announced a $200 million fund dedicated to advancing Web3 social media. The tech entrepreneur Alexis Ohanian is well known for co-founding the social media and news aggregation web portal Reddit with Steve Huffman and Aaron Swartz. The same month Seven Seven Six and Polygon started the Web3 social media fund, Ohanian invested in a non-fungible token (NFT) project called Heir Inc., a platform that aims to connect loyal fans with popular athletes. The investment into the Ethereum-based wallet Rainbow follows the wallet project's $1.5 million seed round, which brings Rainbow's total fundraising to $19.5 million. According to Rainbow, the startup has hired 20 new employees and... read More



More SIX (#SIX) News

SIX vs LUNC | A-Z | Topics | ISO 20022


Privacy | Terms | Contact | Powered By LiveCoinWatch


bidya