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How Things are going for TRX HODLers Nowadays: Recent Developments and Their Impact

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TRON
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After the launch of TRON Mainnet along with the new Odyssey stage on 31st May 2018, the principal focus has been on the Super Representative Election scheduled to be held by the end of this month. As the event is getting imminent, new participants in the form of cryptocurrency exchanges, cloud-based platforms, and several other organizations are emerging from every corner of the world in order to enlist themselves in this event and support TRON. The past few days have been no exception as well. Moreover, there are other technical upgrades and community events as usual that can impact this digital coin’s future.

Since its very day of introduction, TRON team has never failed in providing a comprehensive weekly report consisting of recent events. This transparency and the propensity to frequently communicate with the traders across the globe has been one of the main reasons behind TRON’s incredible popularity. There are more than eighteen hundred cryptocurrencies and ICOs available in the market that can become potential competitors in future. Hence, TRON’s development team continues to work on more upgrades incessantly in order to ameliorate its position in the market.

Here, you would find some of the major technical and community developments that occurred over the past few days and can change TRON’s position in the market.

Technical Upgrades:

  • Upgrades in Structure: In the previous week, TRON’s development team realized the necessity of a transaction duplicate check system for the storage layer and implemented it successfully. Also, the testing and developments on the solidity node were supported by the team while successfully implementing the Hot-standby function. However, the work on enabling paginated query on token issuance and improving the deployment documents is still in progress.
  • Upgrades in Consensus: The TRX development team was able to keep track of the voting time during the maintenance period last week. They also ran a few tests on the bandwidth occupancy attack. The work on ameliorating the relevant documents and supplement test is still on-going.
  • Upgrades in Wallet: In case of the TRX wallet, the strength of verification password was increased considerably during last week in order to provide better security for the traders. Also, a CAPTCHA was added to the test-token requests on browsers. The development team is currently working on optimizing password logic, creating documents on various technicalities of exchange sync-up, and supporting the same.
  • Other Upgrades: On June 20th, TRON’s CEO Justin Sun announced launching Odyssey Version 2.0.3 on GitHub. With this upgrade in the current Odyssey stage, TRON is likely to offer more efficient service to the traders.

Community Updates:

TRON community has undergone some pivotal changes in the last few days including:

  • Acquiring Support for Token Migration: TRON’s blockchain upgrade and token migration is scheduled to take place on June 21, 2018. During the past few days, several exchanges offered their support for this event. Binance, the largest cryptocurrency exchange was the first to announce their support on June 11. Koinex, the reputed Indian exchange also supported this TRON event very recently along with LBank. Besides these exchanges, world’s leading cryptocurrency wallet Cobo wallet also supported TRON’s token migration along with blockchain upgrade.
  • Addition of New Language: Based on multiple suggestions from the TRX holders and community members, TRON launched Korean version of their official website. This incident is likely to make a positive impact on this currency by extending its purview in another technologically developed Asian country.
  • The release of TRON Chrome Wallet: TRON chrome wallet is an ingenious multi-functional and stable wallet that can be applied in Chrome plugins and is designed specifically for the TRON wave. With this wallet, the users would be able to connect their digital accounts instantaneously.
  • TRON Super Representative Election: TRON announced the name of a few major super representative candidates over the previous week. Some of them include Infinity Stones (a Silicon Valley-based company), Node Capital, ChainDD (China’s first financial data and blockchain information platform), Digital Assets Group or DAG, Sesame Seed (well-known blockchain platform), and Zaeda (IT consulting and ISP company).

Market Transaction Updates:

On 12th June, TradeSatoshi Exchange announced launching several TRON trading pairs including TRX/BTC, TRX/ETH, TRX/BCH, TRX/LTC, TRX/DOGE, and TRX/ USDT. From June 26 onwards, TradeSatoshi would also support TRX trading, deposit, and withdrawal.

Current Condition of TRON:

As of 21st June 2018, TRON holds the 10th position on Coinmarketcap with a price equivalent to $0.048 approximately and a market capitalization of 3.1 billion USD. Although the price surge expected right after the Mainnet launch is yet to come, the trend has been steadily upward over the last few days. The current figures are showing an improvement of 1.33% over the previous ones.

Final Thoughts:

With all these new developments and the super representative election around the corner, things are looking quite propitious for the TRX holders at the moment. Once this event finally begins, the current price trend is likely to be even more upward with profitable opportunities for the traders.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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