Over the past few months, the market has been bearish, and cryptos have been red. Bitcoin has been at low but lately; it has risen above the $6,500 resistance level. On the other hand, despite the increase in the value of Bitcoin, other altcoins such as Tron (TRX) haven’t really surged like Bitcoin, due to the fact that most investors are beginning to take profits as a result of the bullish outlook in the market.
Right now, Tron is busy partnering with big companies, and most crypto exchanges have resumed the withdrawal and deposit of Tron (TRX). We are at the start of a giant crypto bull run, but it is difficult to say what will happen in the future for both Tron (TRX) and Bitcoin (BTC). However, there still are reasons to hold on to Tron and Bitcoin and not sell them anytime soon, because things are beginning to take a bullish outlook. Let me explain why.
Why you should have faith that Tron and Bitcoin will fly high before the year closes
We do know that the Q2 of 2018 has been tough, not just for Tron or Bitcoin alone, but other cryptocurrencies too. The recovery of Bitcoin at the beginning of July has changed everything in the crypto market, and at the moment, the buying volume is currently on a high side, and things are beginning to look good (very good).
It is also important to know that the bears have been pushed aside and the TRX is gaining its value gradually. Additionally, Tron has proved it is one of the most promising digital coins in the crypto sphere, and soon, it will become one of the top cryptos once the bullish sentiment entirely takes over.
Mastercard’s patent to link cryptos with fiat accounts – A new turn around for cryptocurrencies like Tron and Bitcoin
Banks don’t want to sit down there and just watch the world advancing with new technologies; instead, they want to be part of it too. Mastercard has just been given a patent that it has the right to manage fractional reserves of blockchain currency.
Indeed, MasterCard’s patent is a U-turn for the crypto sphere, and it also implies that we will be using our cryptos credit to buy goods very soon. This will also enable a user to have two linked accounts in a bank – one for fiat, and the other for the cryptocurrency. Cryptocurrencies, which are the bank’s coin will be featured on Mastercard’s patent – Tron and Bitcoin will undoubtedly get featured.
Tron’s improved presence and demand
The increased presence and demand for TRX is a big reason why you should hold on to Tron. It is essential to know, right now, TRX is one of the most traded cryptocurrencies in the crypto market with trading average volumes of about $190 million every day.
Tron is the 11th largest cryptocurrency by market cap, and it is priced at $0.034; while Bitcoin still holds the top position and priced at $7,730 at the time of writing. Both cryptos, Tron (TRX) and Bitcoin) have massive potential to go to the moon soon now (maybe even beyond that, mars?), and are wearing green – do not be surprised if Bitcoin surges further to about $8000 this week.
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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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ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch
ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.
Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.
“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.”
The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.
The Company’s first mining pod is set to…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
Understanding the Dark Side of Bitcoin
Although Bitcoin is praised for its high-quality processes that lead a lot of people to wise outcomes and success, it has its own dark side. This side is less exposed to media and the people as it can possibly ruin whatever Bitcoin has worked for years, exerting lots of effort, expenses, and time. However, discussing this side will be a way for a better and deeper understanding to what Bitcoin really is and its main purpose and future. Given that, we have gathered the information already for you about the dark side of Bitcoin. So, let’s start!
Bitcoin provides a lot of advantages, but some government gave warnings that are not still founded entirely. The main reason behind that is that there are elements of criminality that seek to take advantage of the media hype and excitement around Bitcoin. One example scenario is when the cybercriminals launched Ponzi schemes that gave promises on investments through astronomical returns. After the money of investors have disappeared, this is the time when they realized that they were scammed. Therefore, the governments raised awareness advising the public to invest cautiously and uphold skepticism in life. If you want more information regarding this, you can go through the www.bitcoineras.com to better understand it.
Here are some of the ways wherein cryptocurrency is misused.