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Alibaba (NYSE:BABA) to partner up with Tron (TRX) soon?

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It’s not a ‘done’ deal but only a weeny possibility so far, one that would definitely change the game for TRON (TRX). No official announcements have been made yet, but one can sense it by paying attention to both company’s activities, and contacts points at both being part of each other’s big picture. Justin Sun’s (the man behind TRON) link with Alibaba keeps getting stronger as each day passes, which suggests a deal is on the horizon.

The most relevant piece of info about this comes from none other than Jack Ma. Mr. Ma is not only Alibaba’s co-founder and CEO, but he’s also always avid to go into new businesses, and he prefers to do that by supporting projects started by his former students and collaborators. This is not speculative; there are plenty of precedents.

Hints pointing towards Tron/Alibaba partnership

Just think about Weixing Chen, who founded Kuadi which is an app-based service similar to Uber that’s taken off in Asia over the last few years. Alibaba (or Mr. Ma) supported this initiative very intensely, and now it’s already doing better than Uber (or at least just as good). Alibaba’s involvement in this was no coincidence. Mr. Chen is a TRON team member and is a close friend of Mr. Jack Ma’s, as are the main people behind TRON. And that could make all the difference. The personal link is there.

Let’s just do a little math here. Mr. Sun is one of the best apprentices Mr. Ma ever had. He graduated from Hupan University (Mr. Ma happens to be the university’s principal). This is a highly competitive university, and TRON’s Justin Sun graduated as the first millennial student ever. That could only bring him closer to Mr. Ma. TRON is one of the fastest growing blockchain projects in the world. Chen has the talent, the commitment, and the connections so it would be no shock at all if he announces a partnership with Alibaba before Q2 ends.

Please don’t get me wrong. There is no official information so far and the last thing the cryptocurrency industry needs are ambiguous reports. Nothing has happened yet, all we have are clues and precedents.

Mr. Justin Sun has been cogent and forceful about TRON’s future prospects. He is optimistic, persuasive, and competent. The cryptocurrency community pays attention to the way he speaks and performs, and they’ve not been disappointed so far.

Buy this does not compare with what partnering with a global company like Alibaba would do for TRON, which is still a fledgling cryptocurrency firm, even if Mr. Ma is willing to invest in them and protect them. TRON will be not alone in this. Ofo, Bikeshare are riding along, and Kuadi could be next.

One more thing. The man called Marcus (Zhao Hong) used to be Alibaba’s data mining chief. He’s good; he’s close to Mr. Ma. And he now has joined the TRON team as well.

And then there is Lucien Chen, who previously worked for both Tencent and Alibaba and now holds a technical lead position at TRONSo just keep an eye open in this situation. You might just be surprised as a global company puts its money on a cryptocurrency firm.

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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.

Image courtesy of Felipe Spina via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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