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New Additions to TRON (TRX) Support List

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TRON’s (TRX) founder, Justin Sun, has just tweeted about new additions to the TRON support list. Apparently, Coinoah and CoinEx decided to join the trend and become the two newest crypto exchanges that will support this crypto’s token migration. And, with the migration now being only one day away, the TRON Foundation decided to release all the necessary guidelines regarding the event.

CoinEx and Coinoah give their support to TRON

The ever-growing list of crypto exchanges that have decided to support TRON (TRX) token migration has just received two new members, according to Justin Sun’s new tweet.

CoinEx is a professional crypto exchange that is offering its services on a worldwide scale, and its goal is to create a highly-secure platform which would be stable and efficient. It supports various languages, and it also provides its services to more than 100 of the world’s countries. This makes it an excellent addition to TRON, and a truly valuable supporter.

Coinoah is a similar platform that is also available around the world. Additionally, it is operated by some of the best teams that consist purely of professionals in this field. The teams operate from various locations, including Thailand, Singapore, Hong Kong, Japan, and South Korea.

The exchanges have taken one of the latest opportunities to stand by TRON during its token’s migration, which is to be held tomorrow, June 21. TRON’s official blog post also mentioned this decision by the exchanges and has further stated that the investors need to deposit their TRX coins before tomorrow. The migration will, then, be done automatically.

TRON releases guidelines regarding the token migration

In addition to gaining new supporters in the upcoming event, TRON has decided to help out those who will be affected by the token migration by sharing some of the most important guidelines regarding the event. Through this token migration, TRX coins will finally stop being a part of Ethereum’s ERC-20 token and will move to their own blockchain.

According to the guidelines, the TRX coin holders will be able to join in on the coin migration by depositing their tokens in various exchanges. The exchanges in question are all those that have decided to support TRON prior to June 21.

The swap will be a 1:1 swap and the balance will remain completely unaffected by the event. Each of the 30 exchanges that will be participating has their own timelines, and will decide individually when will they stop with accepting the deposits. Because of this, it is extremely important for everyone to check when will their exchange stop accepting, and make sure that they are done with depositing their coins before that deadline.

Deposits and withdrawals will be completely suspended until the token migration process is over, and will start once more on June 26.

One thing to note is that Binance will continue with TRX swapping ever after the official event, and all it takes is for token holders to transfer their ERC-20 coins to Binance.

After the migration is done, users can freely take their tokens to a secure wallet, or leave them on the exchange. Only a day after the migration officially ends, TRON will have a Super Representative Election, and in order to vote, the coin holders will have to have their TRX coins in their Tron Wallet.

Another thing to remember is that the coins will no longer be compatible with ERC-20 wallet, following the migration. Those who try to move their TRX to an ERC-20 wallet after the event may lose them forever.

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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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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

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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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