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Feng Li’s stake in Tron (TRX) and Coinbase could take Tron to the skies

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Feng Li Tron TRX Coinbase
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Feng Li is one of the crypto-coin world main players and investors. He played a crucial role in funding Ripple‘s start in 2013 (and has a seat on the board of directors) by investing $32.9 million. But even before that, he was the very first investor to put money into Coinbase.

Now, according to recent rumors going on Reddit and Twitter, it could be the case that Mr. Li also is involved with Tron.

While this has not been confirmed at all yet, the mere possibility, given Mr. Li’s connections and experience in the alt-coin environment would make Tron’s credibility surge as it could get listed on Coinbase.

One among many Tron investors thrilled by the idea is Reddit user with the username Mlrtist, who wrote:

Reddit user Tron Freng Li

Mlrtist’s post got pretty decent traction on Reddit and collected about 50 upvotes (not bad).

Twitter users are excited as well about the prospect:

The Coinbase Element

Coinbase is a digital currency exchange based in San Francisco, California. It boasts over thirteen million users. It trades all the big digital currencies in the market, and it’s earned a reputation for being the factor that can either make or break an alt-coin.

Litecon, for instance, went up by 57% just five days after Coinbase adopted it on May 3rd last year. It was even more spectacular for Bitcoin Cash, which surged by 300% in a single day. That’s exactly what Coinbase could do for Tron’s performance if it decides to include it which is why Mr. Feng Li’s ties to Tron (if they turn out to be real) could put it right there, playing with the big boys.

Tron is about to leave the Ethereum network by releasing their own TRX proprietary technology called Main Net. This is scheduled to happen by this month’s end. This event has been rising expectations and increasing the rumors for inclusion in Coinbase as Tron TRX becomes an autonomous currency.

Is there any actual evidence?

Well, not really. At least not right now. Mr. Li’s name is not listed anymore on the Tron website, and there is no information on the amount of money he came up with for Tron. Only his picture is still around, and it is on an address that’s linked to Tron.

Freng Li photo Tron

Feng Li’s photo that’s available on a URL related to Tron.

Mr. Li’s information on social media sites like Linkedin or Crunchbase is also silent on the subject. But this lack of information only fuels further expectations and makes the rumor even more tantalizing.

Let’s be clear on something. This could all be hearsay in the end. But you should pay attention to the buzz because, if it’s true, it would surely make Tron one of the most successful coins available.

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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 David Simmonite via Flickr

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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SonicX
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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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