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Here Is How Ledger Nano S Supporting Tron will send TRX to The Moon

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Tron
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The popularity of the Pirate genre of movies is accompanied by myths of hidden treasures stashed away in islands around the globe. There is even a bunch of guys who dive at various sites in the ocean believing that there is a sunken pirate ship or even a military ship from Spain with a lot of gold from El Dorado. The thing is, whenever someone, or a country, knows they are in possession of some valuable treasure, they hide it. The same can be applied to the owners of the Tron (TRX) cryptocurrency. They know they are in possession of a gem that will probably even earn them 100,000% in gains in 5 to 10 years if all goes according to plan with the Tron project. Therefore, they want to hide their TRX in a safe place.

So how do you keep your Tron (TRX) coins safe and away from hackers that like targeting crypto exchanges and online wallets?

You get a hardware wallet that will store your TRX offline in a digital vault. This is where the Ledger Nano S comes into play. The hardware wallet has been the choice of many since last December during the Crypto bull run. Even the manufacturer could not keep up with demand for the device. They even ran out of the Ledger Nano S devices back in January. Getting one now is also proving to be difficult because the little gadget that stores your huge treasure, is what everyone is looking for.

Now, the same device now supports our favorite coin of Tron (TRX). Yes. TRX is now a coin ever since the Genesis block was launched on the 25th of June and the token migration having been concluded in most of our favorite exchanges. This has even led many to predict that buying TRX now, would be like buying Apple and Amazon stock in the 90s.

The act of TRX holders stashing their Tron coins in cold storage in the Ledger Nano S will reduce the supply in crypto exchanges. When supply reduces and demand stays the same, the price of the digital asset has nowhere to go other than up. There is also the added benefit that a HODLer of TRX will think twice before selling their TRX that is in a hardware wallet. There is the procedure of logging into your device and then logging into your Tronscan Desktop client. This sort of long procedure will dissuade many from selling their TRX in the Ledger Nano S.

Another thing is that, those already with the hardware device and were not TRX holders because they had nowhere to store their digital assets, can now buy TRX and store on the Ledger Nano S. Crypto security is the number one reason many crypto-enthusiasts prefer the traditional big 5 assets of BTC, ETH, LTC, XRP, and ETC. These 5 assets are supported by numerous hardware wallets. Now TRX can join the list of ‘safe’ digital assets.

In conclusion, the new option of storing TRX in a Ledger Nano S will further encourage Tron fans to remove their TRX from exchanges and into the device further decreasing the circulating supply hence increasing the value of the digital asset. There is also the added fact of TRX joining the list of coins now supported by the hardware wallet making it possible for more crypto-enthusiasts to buy and store the coin safely in the device. This too will contribute to the dynamics of increasing the price of the digital asset all the way To The Moon!

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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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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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