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Colin Goltra | Binance | 2020 Year in Review

Colin: I am just more excited about the home grown PH crypto scene really coming into its own this cycle and having a much more collaborative tone than in prior bull market years. It’s a great community and I think it can do a great job spreading the word about crypto throughout the Philippines.

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January 15, 2021 — Every person you ask will say the same thing: 2020 is unlike any other year. 

The cryptocurrency industry felt the full brunt of the pandemic, as evidenced by the March 2020 crash. Nine months, one Bitcoin halving and a couple of institutions later, the industry sees a resurgence in interest brought about by Bitcoin hitting and breaking the psychological all-time high at $20,000 and reaching a new one of $42,000.

Table of Contents.

What is the 2020 Year in Review?

BitPinas sought the opinion of key crypto and blockchain leaders/influencers in the Philippines and abroad on what they think about 2020 in general and what they look forward to in 2021. Today, we feature Colin Goltra from Binance sharing his thoughts about cryptocurrency in the Philippines, crypto art, and leading and expanding the #CryptoPH ecosystem.

What does your organization do and what is your role in it?

Colin Goltra: As Director of Growth for Southeast Asia and Country Director for the Philippines, I am tasked with expanding Binance’s presence in Southeast Asian markets, including/especially the Philippines. Binance is the world’s largest cryptocurrency exchange and CZ has given us the mandate that in order to expand into the mass market we must have strong local executives and teams in our key markets. I’m focused on building great teams and proliferating our products and services throughout the region.

Outside of my day job, I’m also very involved in the broader #CryptoPH ecosystem movement and an avid collector of Crypto Art.

Please share a personal highlight for you and/or your organization this year in the crypto and blockchain space.

Professionally in 2020, the big one for me was that I joined the team at Binance and have really focused on building out an excellent team. We are already starting to see some great wins throughout the region, including the success of our Binance P2P marketplace in the Philippines.

As a business, 2020 has been a huge year for Binance.  Due to market conditions, continued product innovation, and aggressive expansion into local markets, CZ seems to announce new records in volume, activity, and other all-time highs on a daily basis on Twitter now. Binance is really surfing well in the high tide right now.

In addition to the professional highlights, the other big ones for me were helping to expand the #CryptoPH community via Telegram and Discord communities and establishing a name for myself as a Crypto Art collector via platforms like SuperRare. I wrote a blog post in the crypto art community (“Unholy Unions”) that seemed to really resonate well with both the artist and collector community, and have continued to contribute my thoughts into that fast growing space.  

What do you think is the most important blockchain/crypto development in the Philippines and globally in 2020?

The big one I was a part of was the proliferation of Binance P2P as a top PHP crypto market, really competing well locally on price and ultimately allowing Filipinos to have better access to Binance’s global services.

In the local ecosystem (#CryptoPH), it was definitely the rise of crypto-based play-to-earn gaming here in the Philippines, with significant growth and coverage of Filipinos playing games like Axie Infinity. I think this is a true crypto-native use case and the Philippines is really at the forefront of a major crypto movement here, unlike with a lot of other prior crypto movements.

Globally, a lot has been said about DeFi, I think that has definitely been a huge story for 2020, but it’s also already been talked about at length.

How did the pandemic change how your organization operates? Or how you’ve changed your approach?

I joined Binance during the pandemic and I think they were very well adapted to the changes.  There’s a natural decentralized and remote-first ethos to the company and most people were already working from home to begin with.  I haven’t met most of my new teammates in person yet, which can sometimes make it hard to gel as a group, but overall I think we’ve taken it in stride as well as we could have. 

What is your fearless 2021 crypto prediction or forecast?

Overall, I’m fully aware that predictions are inherently fragile, but I do think there are common patterns that happen the year-or-so after the halvening and we are already seeing them play out big time.  We are well past the prior all-time high in BTC and it seems that ETH also has the momentum to pass its all-time high.  These big price movements will attract a broader interest base and likely lead to a continued frenzy in the market for some time.

Globally, some things I think we will see in 2021 as a result of this:

  • Continued price mania for a bunch of different coins
  • Continued exploration and investment by institutions into mainstream crypto assets
  • Continued exploration into other asset classes like NFTs, gaming items, and crypto art/collectibles
  • I think we will see multiple works of crypto art go for more than $1million USD

Locally, I think we will see:

  • Expansion of new crypto services in the Philippines by mainstream players like Binance and Coins.ph
  • The Philippines, via communities like #CryptoPH, will contribute leadership in the global crypto ecosystem in a way that it hasn’t previously.  Due to wages in markets like the Philippines, we will be right at the forefront of “use case” verticals  like gaming and art where extra crypto earnings go much further – and there will be individuals and companies from the Philippines that that are globally recognized as leaders in these spaces
  • I think we will see a lot of new PH crypto startups and projects that work more closely at the protocol level (as opposed to new exchanges and wallets) and break onto the scene as major players -> we already have The Yield Guild, and will hopefully see many others
  • I think we will see new individual Filipinos become leaders in our community and help us spread crypto to more varied and targeted Filipino audiences -> like Kookoo, Spock, and others

What do you personally look forward to in this space?

At Binance, I think there’s a lot more we would like to do to expand our presence in the Philippines and I hope to achieve many of those roadmap goals in the coming year.

Overall, I think I am just more excited about the home grown PH crypto scene really coming into its own this cycle and having a much more collaborative tone than in prior bull market years.  It’s a great community and I think it can do a great job spreading the word about crypto throughout the Philippines.

Follow Colin on Twitter. Check out Binance P2P and #CryptoPH Telegram channel.

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Blockchain

First Charity Project Using NFT: All Profits From Sales of Content Produced by Miss Bitcoin To Be Donated

Gracone Inc., whose representative director is Mai Fujimoto and which operates KIZUNA HUB, a platform connecting ideas that change society through SDGs x Blockchain, will donate approximately $12,000 (JPY 1.3 million) in sales collected as of March 2021. The donation was acquired from the sales of “Explore the History of Bitcoin with Satoshi.” The first … Continued

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Gracone Inc., whose representative director is Mai Fujimoto and which operates KIZUNA HUB, a platform connecting ideas that change society through SDGs x Blockchain, will donate approximately $12,000 (JPY 1.3 million) in sales collected as of March 2021.

The donation was acquired from the sales of “Explore the History of Bitcoin with Satoshi.” The first product created by ATH Sisters, a duo that includes representative director Mai Fujimoto and Ven, a voxel artist who leads a Japanese team on the blockchain game “The Sandbox.”  The game is a visual work that depicts a future in which blockchain is widespread. Created by filmmaker VJyou (Yu Ayato), the blockchain game sold on the NFT (non-fungible token) platform Rarible.

The proceeds will be donated to certified NPO DxP, headquartered in Osaka City, Osaka. Chief director Noriaki Imai will use the funds to provide food and sanitary products to support young people in need and suffering due to Covid-19.

The hopes and aims of the KIZUNA NFT charity project

The KIZUNA NFT charity project follows the phrase and philosophy in Japan called sanpo yoshi, meaning ‘good for all three sides’ – the three sides being the seller, the customer and society. The phrase perfectly represents the NFT charity project. When fans purchase NFT artwork, they will not only be joyful about receiving the work, but they will also be able to support those in need.

Simply promoting low fees and transparency has not been enough to raise the expected amount of donations. Therefore a mechanism to attract more donations has been considered.

In addition to the elements of sanpo yoshi, the NFT charity is looking to make donating more fun by adding entertainment features. This is our first project, but we are planning to engage in continuous collaboration with wonderful artists who support our movement.

Noriaki Imai, chief director of certified NPO D×P, said,

“Ever since the outbreak of Covid-19, those in their teens who can’t depend on their parents and live alone have consulted us saying that they barely have any cash left. We have provided over 4,000 meals and have distributed over $27,500 (JPY 3 million) in cash.

We also began supporting those who have told us that they don’t have enough money to buy essential products and sanitary products and are unable to go to work or school. The number of inquiries we receive is showing no signs of slowing down. In fact, the number of people seeking our help has outpaced the number compared to the same period last year.

Receiving donations under such circumstances means we have more supporters who will help us and that’s encouraging.”

Mai Fujimoto, representative director of Gracone, said,

“On the surface, it feels as if the spread of Covid-19 in Japan has settled down, but as chief director Noriaki Imai of certified NPO D×P mentioned, the number of requests from young people in Japan suffering from the effects of Covid-19 has increased since the previous year.

Understanding the situation and continuing to extend a helping hand is crucial. Gracone will continue to flexibly engage in charity projects using NFTs to meet the needs of society, including activities related to sustainable development goals (SDGs) like Covid-19 relief, poverty and environmental conservation.

We will promote the usefulness of NFTs in economic activities and the purpose of blockchain platforms while expanding awareness of NFTs as a scheme that accepts efficient electronic processes for expressing intent and making payments.”

About Gracone representative director Mai Fujimoto

Mai Fujimoto is known domestically and internationally as Miss Bitcoin. She has been promoting the spread of Bitcoin around the world since 2011. The company raises awareness of use cases for cryptocurrencies and blockchain for social good.

It began operating the cryptocurrency donation platform KIZUNA in 2017 and started using social goods integrating blockchain as an infrastructure in 2020. During the Covid-19 pandemic, the company collaborated with the Binance Charity Foundation to raise approximately $78,500 (JPY 8.55 million) in cryptocurrencies, and donated masks and medical gowns to medical and welfare facilities.

In January 2021, it rallied for a partnership with Enjin for NFT charities, which is currently in development.

About ATH Sisters

ATH Sisters includes representative director Mai Fujimoto of Gracone, known as Miss Bitcoin, and voxel artist Ven, who leads a Japanese team on the blockchain game, “The Sandbox.” “Explore the History of Bitcoin with Satoshi” is the first work created by ATH Sisters. It was decided that all profits from sales through March 2021 would be donated. Donations consisting of 20% of the revenue and 50% of the royalties will continue. The donations will be made to an NPO supporting those in their teens who are having trouble making ends meet due to the spread of Covid-19.

ATH Sisters will also be exhibiting in the Crypto Art Fes 2021 (April 10, 2021, 16:00 JST – April 18, 2021, 22:00 JST) virtual exhibition space Conata. Over 90 artists from around the world will be participating in this exhibition. It is one of the world’s largest crypto art festivals, with around 300 works including art (illustrations), music, VR art and avatars on exhibition.

About Ven

Ven is a voxel artist who leads a Japanese team on the blockchain game, “The Sandbox.” Ven conveys the fun world of voxel art using unique worldviews that have stories. Representative works include “Miss Bitcoin,” “Satoshi” and “SebSamurai.”

About VJyou

VJyou specializes in producing interactive and organic images that combine live-action and programming. VJyou has presented works at UNESCO Dance Congress and the 75th Agency for Cultural Affairs National Arts Festival, recently became active as a crypto artist using VR and presents works with a focus on foundation.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/first-charity-project-using-nft-all-profits-from-sales-of-content-produced-by-miss-bitcoin-to-be-donated/

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Blockchain

Should traders invest in Litecoin in the current market?

Litecoin’s price rally started on April 14, and it has continued since then and its price is up 30% since April 13. The increasing trade volume signals that the price rally may be an extended one. Wit

The post Should traders invest in Litecoin in the current market? appeared first on AMBCrypto.

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Litecoin’s price rally started on April 14, and it has continued since then and its price is up 30% since April 13. The increasing trade volume signals that the price rally may be an extended one. With the steadily increasing trade volume, Litecoin’s price is only 13% away from the ATH.

Among top altcoins, Litecoin is the one with over 60% gains in the past 30 days. At the current price level of $325, Litecoin continues to remain undervalued. The recent developments in Litecoin, like an increase in high volume transactions, signal a bullish development in the altcoin’s price. In the past year, Litecoin’s price has rallied nearly 200%.

Why traders continue to remain bullish on Litecoin

Litecoin’s price chart || Source: Messari

Based on the above price chart, after remaining rangebound for most of March, the price rally started in April. Less than 50% of Litecoin traders are HODLers and the concentration by large HODLers is dropping. The on-chain sentiment is bullish based on analysis from IntoTheBlock despite DOGE and DOT having crossed LTC in terms of market capitalization based on the data from CoinMarketCap.

Since Litecoin is accepted everywhere that PayPal is there is an increase in demand from retail traders. Flipping Uniswap’s market capitalization was a psychologically important milestone for LTC Hodlers and traders. Nearly all Litecoin traders are profitable, the fact that less than 20% have held Litecoin for less than a month, signals a high short-term ROI in the case of Litecoin.

Why traders continue to remain bullish on Litecoin

Short-term ROI for Litecoin || Source: Messari

Based on data from Messari, the short-term ROI for Litecoin makes it bullish enough for traders to buy in even at the current price level. Unlike most other altcoins, without waiting for consolidation there is demand across spot exchanges, while the altcoin continues to remain undervalued. Litecoin’s correlation with Bitcoin is less than 50% and the same is true for Ethereum, however, despite the low correlation Litecoin’s price rally is anticipated to continue.

With Litecoin’s average transaction fee at $0.05, it is likely that, considering that the transactions are cheaper than the rallying alt – Dogecoin, traders may continue to remain bullish in the short term.


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Source: https://ambcrypto.com/should-traders-invest-in-litecoin-in-the-current-market

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Polkadot, Bitcoin SV, Enjin Coin Price Analysis: 17 April

Polkadot and Enjin Coin traded within symmetrical triangles and if Bitcoin retraces below $60K before its next push, capital inflows towards these altcoins could further boost their value if a breakou

The post Polkadot, Bitcoin SV, Enjin Coin Price Analysis: 17 April appeared first on AMBCrypto.

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Polkadot and Enjin Coin traded within symmetrical triangles and if Bitcoin retraces below $60K before its next push, capital inflows towards these altcoins could further boost their value if a breakout occurs. In a bullish outcome, DOT could jump as high as $50, while ENJ could touch the $4-mark. On the other hand, Bitcoin SV might fall towards $324.2-support before resuming its upwards trajectory.

Polkadot [DOT]

Source: DOT/USD, TradingView

Polkadot formed several lower peaks since snapping its ATH during the first week of April. Since the price also made higher lows during this process, a symmetrical triangle appeared on the 4-hour and 1-hour timeframes. DOT showed an uptrend prior to the formation of the pattern and thus, a breakout was expected to the upside.

The Squeeze Momentum Indicator highlighted weakening momentum on the bearish side, and the first green bar above half-line could offer a buy signal. A bullish crossover in the MACD also lent weight to a favorable outcome. In the event of a breakout,  the 38.2% and 50% Fibonacci extensions levels reside at $47.8 and $50.01, respectively.

Bitcoin SV [BSV]

Source: BSV/USD, TradingView

A breakout above $286.3-resistance sent Bitcoin SV soaring towards the $450-mark. In fact, one candlewick even touched a high of $490 over the last 24 hours. However, the RSI pointed towards a saturated market that needed to stabilize before the next upswing. The MACD’s histogram noted some weakening momentum as the Signal line looked to catch up to the fast-moving line.

Since the current market conditions were strongly bullish, BSV could hit $450 or even $460 before a pullback takes place on the chart. Traders can be on the lookout for a bearish spinning top to identify the onset of a correction. Such a case could highlight the defensive front at $324.2.

Enjin Coin [ENJ]

Source: ENJ/USD, TradingView

Enjin Coin also traded within a symmetrical triangle on the 4-hour timeframe. The current market state reflected some equilibrium between the buyers and sellers, but this was a typical observation prior to a breakout. The MACD line was superimposed on the Signal line and floated on the half-mark.

Since the ADX pointed south from 11 at the time of writing, the price could continue to trade sideways for a few more sessions before the expected upswing. While gains could be capped at the $3.5 mark, a move above this would likely see ENJ touch north of $4 as well.


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Source: https://ambcrypto.com/polkadot-bitcoin-sv-enjin-coin-price-analysis-17-april

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