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Decentralized Tron exchange hits 100m TRX trading volume, Sun eyes 500m

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Tron

The Tron community is undoubtedly taking every step possible in making sure that it does the best in the crypto world and takes the front seat. The progress TRX is making on a daily basis seems to be paying off well as it is attracting attention and for that reason, the trading activities on its decentralized exchange platform, DEX, are booming.

Tron (TRX) beats 100 million trading volume today

It has been merely a few days or so ago since DEX was discovered on Tronscan.org by Tron but the activities are ‘going crazy’ according to the blockchain firm’s founder and CEO Justin Sun. Initially, Tronscan.org DEX recorded around 25,513,713 TRX which only doubled in a day to about 57,957,467 TRX.

At that rate of increment, earlier today, it was noted today that it had reached 94 million TRX and Justin Sun seemed to be pretty sure that by today they will break the 100 million TRX mark. And guess what that has happened already.

This news has made several crypto enthusiasts believe that currently, Tron is in a league of its very own even with others overseeing it to overpass Ethereum sooner or later. And, it doesn’t seem that the 100m mark will be the last for Sun-led cryptocurrency firm as they aim to keep launching several tokens and projects on the platform. And of course, as Sun has set 500 million DEX trading volume as the next milestone for TRX.

As things stand, Tron is showing no signs of slowing down any time soon. Everyone is excited to see the next coins that would get added and several others were expecting something extra from the blockchain firm on hitting the 100 million trading volume mark.

Being able to keep featuring in the top crypto news platforms right from the beginning might have been the reason for the spike of its popularity. Nevertheless, several people have taken notice of good strides made by Tron, and now are investing in the TRX token which only means that its price will probably go to the moon. Of course, when the next crypto bull run comes, which looks a bit far from now after the recent crypto market fall.

Following this explosion of activities on the decentralized exchange platform, it’s evident that Tron is pushing the ladder high as shown by the rising trajectory on the value of the token over the past week (until yesterday market collapse happened).

The same is expected to continue as DEX keeps attracting more and more users, and of course, TRX keeps getting listed on other exchanges too. Whether Tron realizes its dream of becoming the best crypto is something that only time will tell, but currently it seems to be on the right path to achieving that milestone.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

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The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Partnership Between Bridge Mutual & AllianceBlock Announced

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Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

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