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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 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

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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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