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Here is why Jack Ma’s Alibaba needs to be serious about partnering with TRON

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The TRX community is not new to speculation and predictions. Whether it be about the price movements of TRX or future partnerships, that much can be said especially with the recent rumors of a possible partnership between TRON and Alibaba group (the E-commerce giant of the East).

What you need to know about the Rumour

Well, if this comes as a surprise to you, here is a brief recap. The whole situation actually started when the founder of TRON, Justin Sun mentioned in a post on tweeter about the possible exciting partnership announcement between the now top ten ranked cryptocurrency and its ‘biggest partner ever’. With that single post, the whole community was abuzz with excitement that has lasted a couple of weeks.

Tron has been growing over the past few months with a current team of over 100 members in its Beijing headquarters plus plans for increasing the team to a full house of 400 members working on the platform. If Tron’s founder Justin Sun is able to achieve this by the end of the year, he will comfortably be on track to beat top organizations like Ethereum that boast of over a thousand members on its team.

With this kind of workforce, the speed of development on TRON runaway will obviously increase and with that comes more partnerships with leading firms and entities. But with that being said, the one partnership that TRON enthusiasts are waiting for with baited breaths is the partnership with Jack Ma’s Alibaba Group.

Already there have been speculation and perdition that the planned partnership is set to happen somewhere in the middle of this month. So far, however, TRON is still on course to the launch of its Mainnet with an ongoing super representative election and ranking that Mr.Sun has been talking about on his twitter handle.

Taking a closer look at the possibilities

However, looking at Jack Ma’s philosophy of building the future of e-commerce and allowing the young generation to take up leading positions, there is an absolute reason to the rampant speculation of a possible partnership between Alibaba and TRON. Granted, Jack Ma has publicly stated his dislike for Bitcoin, however, he also believes that the Blockchain is a promising technology. In fact, Justin Sun has previously mentioned his close ties with the founder of Alibaba group not to mention Sun’s achievements as the best graduate apprentice from Hupan University which Mr.Ma happens to be involved.

How Alibaba will benefit

Although these rumors have been ongoing for weeks it would not only be great for TRON to bag such a huge partnership but it would also serve the Alibaba group well if they managed to work with TRON especially now that the platform is growing with a young team of developers and a series of advancements set for later this month on TRON’s Blockchain network.

With the launch of the Mainnet TRON is set to pave the way for a truly decentralized internet 4.0 that Alibaba’s e-commerce empire can thrive upon. Recent tests by the TRON team on the network ended up being successful.

Tron is focused on making it easy for creators to sell their content online while also facilitating efficiency for consumers looking to buy content. If Alibaba is ever to partner with Tron, it will be able to go head to head with other e-commerce giants such as Amazon that is expanding their reach into the entertainment industry.

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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 Number 10 via Flickr

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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