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Changelly Makes Accessing TRON (TRX) Much Easier

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Despite all of TRON’s (TRX) recent success, the coin was still moderately difficult to get a hold of due to the lack of a direct path to it. Thanks to Changelly, this will now change.

Changelly changes how you get TRX coins

TRON’s (TRX) popularity has been increasing constantly for months now. However, the biggest problem with the coin wasn’t that people were not interested in it, but the way you had to go in order to acquire it.

Until now, those who wanted to buy TRON had to register on an exchange like Binance. Now, however, Changelly allows easy coin exchange, and the addition of TRX is expected to become a large game changer for this cryptocurrency.

Changelly offers users the ability to easily switch between a large number of different coins. Not only that, but it also allows TRX purchase via Mastercard or Visa. Of course, there is a catch to it, and the fees are slightly higher than those offered by exchanges. Still, Changelly is the one who performs the trades on behalf of their customers.

The addition of TRON

Changelly has decided to add TRON to its list as soon as TRX token swap has been officially completed. This allows changelly to simply move the coins and transport them to the user’s personal wallet. In the meantime, TRON’s MainNet continues to speed up and add more and more transactions with each passing day.

The MainNet is currently handling about 21,000 transactions on a daily basis. This might seem impressive at first, but the situation becomes a bit more clear once we remember that BCH manages between 13,000 and 20,000 transactions when the coin has a slow day. Busy days have seen BCH carrying over 100,000 transactions per day.

As for TRON, its low network usage is directly responsible for the lower number of coins being moved.  Most of the time, the coins are only being moved between various exchanges, with the addition of withdrawals to wallets. On the more positive side, the voting process has also picked up a lot of speed, and TRX currently has 11 Super Representatives elected. The goal is to make it to 27, which means that TRX has not yet even elected half of them, but the process is speeding up, which will hopefully see the election of the rest of them soon enough.

Sun becomes TRON Super Representative

One interesting development came when Justin Sun, the TRON founder himself, decided to announce his candidacy for the position of a Super Representative. This was a move that has blown away many of the TRX holders, and Sun was elected a Super Representative in less than 24 hours. Sun is already hard at work, with his profile already producing TRON blocks.

Unfortunately for TRON, however, its price still continues to remain unresponsive to all of the coin’s recent achievements. Not even the Changelly couldn’t significantly change TRX price. Some believe that this move won’t influence TRON at all, considering how the service has limitations regarding the daily purchases.

There is also the possibility that new TRX users might see the system as confusing and mystifying. Currently, the price of TRON is $0.036418, with a 3.15% increase in the last 24 hours. This change, while welcome, is still believed to be inspired by Bitcoin’s new bull run, rather than any large change in TRON itself. Most of the coin’s volumes have migrated onto OKEx after Binance trading dropped.

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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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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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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