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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

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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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.

Mission Statement

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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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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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