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Is Tron (TRX) bull on the way as coin tramps over key resistance levels?

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Tron Bull Run
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Tron (TRX) hasn’t had the best trend in the past few weeks, but it’s currently on the path for a bull run in the coming weeks. Even at the current price of Tron, it is safe to say that this is the best time to invest in this cryptocurrency.

Tron is approaching a bullish run as its value increased more than 6.5% in last 24 hours, currently surpassing the 55-day and 100-day resistant levels. The fact that the cryptocurrency surpassed the significant resistant levels is a sign that its price value will increase. The breakout from the major resistance levels serves as the fundamentals for the cryptocurrency in the coming weeks in which it could surpass $0.10 price value. It is important to note that once the cryptocurrency upsurges and maintains its momentum, it could be as high as $1 in the crypto market.

Tron’s recent migration from Ethereum blockchain went successful, and its mainnet launch has been tremendous so far unlike other cryptos such as EOS. Although Tron’s current path to a bullish run is influenced by the sudden rise of Bitcoin (BTC) earlier last week – even at this, Tron has a solid foundation to maintain the momentum due to its mainnet structure.

The fact that Tron’s recent migration from Ethereum blockchain had been successful, lots of developers are attracted to Tron’s blockchain network. However, the increase in the number of developers in the blockchain network is undoubtedly an advantage.

Furthermore, Tron has recently been adopted by companies such as PornHub, Brazzers, and Trafficjunky. The rate of adoption of Tron’s blockchain will play a significant role in its bullish run. Another major company, Posteezy, recently adopted Tron as a medium of payment for its esteemed customers.

And yes, the recent BitTorrent acquisition by Tron’s CEO, Justin Sun is worth noting too. Additionally, Tron also caught the eye of gaming industries such as Natakugames and game.com; this will give Tron a fast growth in the coming weeks. If the adoption of Tron by major companies continues, it will foster a long-term value.

Another factor to Tron’s bullish run in the coming weeks is the launch of the Tron Virtual Machine (TvM) on the 31st of July. Tron’s TVM is compatible with Ethereum programming language; with it, Ethereum developers can make use of Tron’s blockchain by merely migrating their projects into it.

Ethereum developers can migrate to Tron’s blockchain network due to the fact that it is efficient and superior when it comes to transaction speeds. Also, Tron’s blockchain network is scalable and cost-effective. The migration of Ethereum developers will foster and maintain Tron’s bullish move.

Tron is a futuristic blockchain network, and despite being on the lows in the last few weeks, it has partnered with ‘big’ companies. Also, most companies are currently adopting Tron’s blockchain network for transactions because it is easier and faster.

Even at Tron’s current price value – with its slight increase this week, it is an excellent time to invest in Tron. The coin will maintain the momentum of its current price, and it is likely that it will increase. Tron sits on a long-term support level and will not trade below $0.05 anymore shortly.

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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

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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cryptocurrency tax
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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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