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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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