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Justin Sun strides big for Tron (TRX) just before its token swap starts

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Tron Trx

In the cryptocurrency world, rumors, gossip, and speculations have the sheer power to make or break an entire blockchain technology regardless of the leadership, work, and team behind a cryptocurrency. Luckily for blockchain founder and leader of the Tron foundation, Justin Sun who is rumored to be the next Jack Ma (the founder of Alibaba), these factors usually play out for his advantage.

During the final days of last month, there was a lot of rumors going around as to whether BitTorrent was indeed being targeted for a possible acquisition by Justin Sun. Different media outlets and notable personalities had a lot to say concerning this potential move. For instance, Torrentfreak.com are on record reporting:

“There is something fresh though – BitTorrent Inc. has a new name. While it hasn’t been published anywhere, the company formerly known as BitTorrent Inc. is now Rainberry Inc.”

Jordy Berson, Rainberry’s Chief Product Officer, would respond to TorrentFreak by saying:

“Rainberry Inc is the official name of the company; it was changed right around the start of 2017.”

Justin’s Purchase of BitTorrent

The secret purchase of BitTorrent is believed to have been finalized last week when team members of the peer-to-peer file transfer platform were alerted of the new partnership, although neither Justin nor the company officials were reachable for comments.

Talks on the purchase have been in the works for a while now, with the rumor wheel suggesting the discussions begun as early as September last year. However, a letter of intent to acquire was agreed upon and signed early this year.

Despite this regard, the purchase had its fair share of up and downs with the deal looking shaky when BitTorrent initiated talks with other potential bidders in January. And in response, Justin filed a temporary restraining injunction, maintaining that their earlier agreement barred BitTorrent from pursuing other proposals. Eventually, despite the friction, Justin dropped his charges, and the purchase moved forward.

Last week, Justin’s Rainberry Acquisition filed with the California Secretary of State, a change of status the same day as BitTorrent’s Rainberry Inc filing for a merger at the same office, suggesting the two firms had merged.

Today, it is clear that Justin has indeed purchased the peer-to-peer file transfer platform, although staff members and shareholders have been cautioned not to disclose any information to the press. This is according to a source with information of the transaction.

Odyssey V2.0.3 release announcement

Just today, Sun headed to Twitter (he does not miss any chance) to announce the release of Tron’s MainNet’s latest version, Odyssey V2.0.3. The announcement has spread a lot of joy and appreciation among Tron community, as it should, and it seems that the main head behind Tron has nailed the game of perfect-timing here, yet again. This good news surely will support Tron TRX to hold its momentum firmly as the token swap begins shortly.

Tron bags listings and prices react positively

It is clear that Justin and team are thriving to make their way to the top of the cryptocurrency pyramid receiving a green light to trade, deposit, and withdraw at Trade Satoshi even though Tron is still in its pre-migration stage. The full migration is scheduled to take place on June 21 (very shortly from the time of press).

Trade Satoshi hopes to list Tron’s digital coin, TRX, on 26th June, against a variety of pairs namely DOGE, BCH, ETH, LTC, viz, BTC, and USDT.

Now, these all are excellent strides (at least good marketing ones) made by Mr. Sun to make sure the community stays engaged to the token, and its positive momentum remains unaffected in this crucial time for the crypto (the TRX ERC20 tokens migration to its Main Net).

At the moment, Tron (TRX) can be exchanged on leading and popular platforms (total 70) such as Coinnest, Zebpay, Cobowallet, Bitbns, CoinEx, Coinoah, Gate.io, Binance, Bitforex, CoinEgg, Bixin among many others. Thanks to the major strides that Justin Sun has been making continuously, despite the latest dip in the market caused by Bithumb hack, Tron TRX stands tall with a market cap of about $3.3 billion, trading at $0.04911, up by a net 18.04% in the past seven days.

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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 NeelShakilov via Pixabay

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Currency Market

GDA Group Announces Global Fund Management

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The GDA Group, an established North American financial institution fostering the adoption of digital assets and other disruptive technologies, has launched its latest venture, Global Fund Management. The venture will provide simple and secure digital asset exposure for institutional and accredited investors.    

Our mission is to create long-term value for our investors through the identification of strategies that can generate alpha through the new digital asset class, while ensuring to also limit possible downside on any strategy. We invest across alternative asset classes through actively managed hedge funds, trading algorithms, and private equity vehicles,” said GDA Group COO Zachary Friedman. He added that “Global Fund Management looks to outperform the market and take to market the best performing fund vehicles for every niche of the digital asset ecosystem.”

In addition to providing a path for institutional and accredited investors into the digital assets realm, Global Fund Management is providing exclusive insights on a number of fast growing blockchain industry segments such as Decentralized Finance (DeFi), non-fungible tokens (NFTs), and applications in the energy sector.  

Last month, GDA Group organized a quarterly, virtually-held Family Office Summit.  At one of the largest gatherings of private wealth this year, the GDA Group and dozens of other global blockchain…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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