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Here Is An Unknown Link Between Tron Founder Justin Sun and Ripple

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The Tron Foundation and project is constantly making strides in terms of continual listings of TRX on crypto exchanges and also with sealing partnerships across the globe. The most recent one, between the Tron Foundation and Shift Markets, will make TRX accessible to the vast Forex (FX) markets facilitated by SHIFT. TRX will, in turn, be offered on nine brokers in nine different countries. The first broker to list TRX will be a UK regulated firm followed by J.M Financial based in India.

It was during this announcement by SHIFT on businesswire.com, that something unique was noted with respect to the profile of Justin Sun that was shared together with the news. In the brief introduction of Justin Sun, Businesswire.com mentioned that Justin Sun was the former Chief Representative of Ripple. investigating further on LinkedIn yields similar results when Justin’s profile is search.

From the years of 2013 to 2016 and before he started Tron, Justin was the Chief Representative and Adviser of Ripple Labs – as it was known then- in the Greater China area. He also served as Ripple Lab’s Special Representative and Adviser since 2014.

After reading and confirming the above, it is safe to say that any FUD against Justin Sun has been purely ill-intentioned. If his background at Ripple does not scream legitimacy of his ability to lead TRON to higher heights, then the only other thing is his graduation as the first Millenial Graduate at the Jack Ma co-founded Hupan University.

Long story short, Justin Sun is the right man for the job. Extra evidence of this can be seen by his active involvement in the Tron project. One needs only log in to Twitter and follow him to realize how much information he passes on to his followers in 24 hours. Justin has an impressive 455,000 twitter followers.

The Tron project is currently preparing for the token migration that starts on the 21st and ends on the 24th of June. The Genesis block will then be launched on the 25th of June that has also been declared as Tron’s Independence Day by Justin Sun. It seems like the Tron MainNet is on course to decentralizing the internet as envisioned by Justin and the Tron Foundation.

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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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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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