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Justin Sun, Tron (TRX) founder set to acquire BitTorrent, uTorrent

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Tron (TRX) has become one of the best well-positioned virtual coins in the current panorama for cryptocurrencies. This is a fact mainly attributed to amazingly deployed strategies of its head, Justin Sun, a businessman who parallel to Tron also runs the Peiwo APP, an equivalent to Snapchat in the Asian country, China.

Mr. Sun is one of the most widely acclaimed figures in the financial industry today, not only in China but the whole world. He managed to run a cryptocurrency just in times of severe regulations in Asia, and also he successfully achieved its positioning in the global market in a brief period. So what’s the key?

Well, it all seems to the point that Sun has a great entrepreneurial mindset, and his thoughts on expansion and innovations are just limitless. In this matter, the more recent idea of his is to somehow mix his cryptocurrency platform with the way torrents work, and everything seems to lead to the notion that he will soon acquire the giant of the sector, BitTorrent INC (the firm behind uTorrent, too).

Justin Sun’s acquisition of BitTorrent, Inc.

Justin Sun has set a vision with its cryptocurrency and platform which is to make the web space completely decentralized. So far he has implemented several strategies framed on this vision, including the latest creation and launch (occurring in 5 days) of Tron’s mainnet, one of the most awaited events in the crypto industry.

Along with this decentralization vision, Sun has established as well Tron’s interest in approaching somehow the Torrent industry, a fact that’s even mentioned on its whitepaper.

Apparently, the rapprochement occurred for the first time last year when he started negotiations with the BitTorrent inventor, Bram Cohen, but that’s something which actually didn’t result that well. The company which a year ago smoothly changed its name to Rainberry, seemingly incurred in a violation of a “No shop” clause arranged with TRON’s founder Justin Sun.

As a matter of fact, Sun took the case to the court alleging the now called Rainberry, told him they have had negotiations talks with other two companies that apparently offered a better deal. Regarding the case, the court dismissed the demand but as it seems Sun is not willing to let the opportunity go away.

Not so long ago, back in February of this year, the registration of a company called “Rainberry acquisition” was discovered, and the surprising part radicates in the fact that it was found to be registered in the name of no other than Justin Sun itself. Furthermore, the registration date casually matches the expiration date of exclusivity period established in the Letter of intent signed by the two parties previously.

This way, it all seems like Sun has not moved aside the idea of acquiring BitTorrent INC, a fact that even was confirmed by the disputed company in an interview for TorrentFreak.com. However, still nothing has been accepted by the CEO of TRON, hence in the meantime, we remain somewhat ‘expectatious’.

But as this stand right now, it all seems to point out to the fact that Mr. Sun is all set to acquire BitTorrent, Inc shortly. It will be interesting to see how both, BitTorrent and Tron TRX, go hand-in-hand once they are in the hands of the very same owner, Mr. Sun. And of course, even though, it’s still a rumor, the potential acquisition is going to enable the Tron’s TRX bull to keep charging further (alongside a decent number of other exciting news surrounding the coin lately).

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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 Pxhere.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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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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