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

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Tron
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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