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:
Twitter users are excited as well about the prospect:
#Rumor is that coinbase can list #TRX It should be noted that one of Tron’s key investors is Feng Li. Why is this important? Well.. in 2011, as a partner with venture capital firm IDG, Li became the very first investor in Coinbase with $100,000 in seed funding.
— Virtual Crypto Traders (@VCTAdmin) April 5, 2018
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.
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
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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