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Notable Exchanges Supporting Tron (TRX) Migration from 21st June

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Tron
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The Tron (TRX) Mainnet launch is less than two weeks away with the current counter on the Tron Website reading 10 days and a few hours. In preparation for the launch, the Tron Website can be seen as having gone through a major overhaul with a new prominent color scheme and easier to navigate the site. There is also the latest news with regards to the project at the bottom and also a tracker of the price of the token in the markets.

After the MainNet will be launched on the 31st of May, the migration of the token to the new Tron blockchain will occur from the 21st of June to the 25th of June. This process will be automatic for all tokens that would have been transferred by their owners to these exchanges by the 24th of the same month. If you miss this deadline, there is a yet-to-be-announced token exchange counter to exchange your tokens for the new TRX on the Mainnet.

So which exchanges and wallets are supporting the TRX Token migration?
  1. Bittrex, currently ranked 21st on coinmarketcap.com with a daily trade volume of $76.575 Million
  2. Bitfinex, currently ranked 4th on coinmarketcap.com with a daily trade volume of $356.9 Million
  3. Gate.io is currently ranked 15th on coinmarketcap.com with a daily trade volume of $95.582 Million
  4. Binance, a famous exchange founded in Shanghai but with intentions of moving to friendlier jurisdictions as Chinese Authorities continue cracking down on cryptocurrencies and crypto trading. Currently ranked 3rd and according to daily trade volume, the exchange is currently doing $1.09 Billion in daily trade
  5. Coinrail, a South Korean Exchange that is optimized for users and cares for user convenience and safety, aiming to provide user-oriented system & design
  6. Coinnest, one of the largest cryptocurrencies in South Korea and ranked 106th on coinmarketcap.com
  7. Zebpay, the first Indian Exchange to offer TRX/XRP trading pairs
  8. Bitpie Wallet, which provides easy functions such as built-in exchanges and instant trade
  9. Bixin, one of the largest blockchain wallets that support BTC, ETH, TRX and many more cryptocurrencies
  10. RightBTC, the first global cryptocurrency trading platform in Dubai, ranked 31st on Coinmarketcap

In conclusion, the token migration will start on the 21st of June with 10 noted options for crypto-traders and HODLers of TRX to utilize for the token migration. It seems like the MainNet launch and Token migration is in good hands with the current Tron Foundation team.

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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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