

GYEN is an ERC20 standard token that is pegged 1:1 to the value of the Japanese Yen.

Article printed from InvestorPlace Media, investorplace 2021 11 gyen-price-predictions-where-will-a-coinbase-listing-take-the-gyen-crypto. Ethereum plummeted to a late intraday low of $4,541.00 after breaking through the first major resistance mark at $4,709. After a bullish start to the day, Ethereum rose to an intraday high of $4,770.00 in the early afternoon before reversing. Ethereum finished the day at $4,565.06, down 0.37% from the previous day. However, if the identity of a wallet owner becomes known, their transactions can be traced. Some cryptocurrencies, such as Monero, claim to provide additional privacy. Blockchains do not record real names or physical addresses, only the transfers between digital wallets, and thus confer a degree of anonymity on users. These transactions are then recorded into a sequence of numbers known as a “block” and confirmed across the network.

Cryptocurrency users send funds between digital wallet addresses. That means miners can sell fewer tokens to keep the same amount of cash flow, squeezing bitcoin supply and elevating prices, Standard Chartered analyst Geoff Kendrick told Insider at the time.

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