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Tron (TRX) joins forces with first decentralized hybrid exchange JOYSO

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The world’s first decentralized hybrid exchange JOYSO has now incorporated Tron network leading to a decentralized blockchain setting that is more maintainable.

Undoubtedly, it is good news as far as the world of digital currency is concerned. Tron is going to collaborate with JOYSON to bring about a more maintainable decentralized hybrid exchange in the market.

JOYSO has been ranked 11th in the development of decentralized Hybrid exchange hence there is some great hope for Tron (TRX). The news brings some anticipation for the Tron users as it recently has been seen dropping consistently in its price index during 2018.

The collaboration will bring about a set up for entirely all decentralized applications also known as (dApps) on Tron platform for increasing the sustainability of the blockchain in the market.

JOYSO is founded by Tom Soong who is a hybrid decentralized exchange system for digital currency having the benefit of reducing the risk involved in the hacking of the system.

The system also offers the most cost-effective platform to its users. The platform was recently launched in May 2018. To enable one understands how it works JOYSO gives on Chain payments and off Chain matching for trade exchanges at the snap of the hand.

Besides maintaining the decentralized trade exchange platform, it also has a plus in the implementation of the enhancement of technology in blockchain engineering to meet the expectations of the clients hence more effective and efficient system.

That is due to the implementation of a suitable architecture that significantly decreases gas fee in the process of trade. Additionally, apart from enabling the free listing of any ERC20 tokens, it is also more secure and allows the users to have their accounts with no registration providing anonymity while enabling them trade in the market. These benefits of new Tron partner altogether, in turn, give users a 50% discount in the processing fee and creation of value in the digital currency environment.

Earlier on JOYSON implemented and accomplished the eagerly awaited NAS- JOYSON which is a decentralized exchange platform on the Nebulus chain line. With the recent partnership with Tron (TRX), JOYSON will be implementing the system under off chain matching and on chain payment where the users of the system will have the opportunity to exchange the tokens directly using their digital wallets.

On the other hand, Tron blockchain system has given its users the perfect platform for token issuers creating affordability to the clients and user-friendly operation. This implementation will, in turn, attract more users to the Tron market and will enhance its drifting decline in the token demand. JASON CTO Will Hsieh says,

“With all the technological capability and the known name for being the best in this sector, JOYSON can enable a simple, safe and efficient solution for the trade of crypto on a variety of blockchain hence creating a more maintainable infrastructure”

Also, just yesterday, Tron elected another Super Representative after more than 90 million votes in favor of new SR. The cryptocurrency has also been talked about more than anyone else on social media, even Bitcoin.

With many significant developments in the market, we are yet to see Tron rejoicing over the hard work done by its members to make the partnership happen and be implemented. This significant move could make the Tron token ecosystem value to increase substantially even though alongside other cryptocurrencies TRX holds a known continuous pattern of decrease in price since the beginning of the year.

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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 Rawpixel/Pixabay

Bitcoin

Why Bitcoin Price Remains Stable Before the Expected Hike

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The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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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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Blogs

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

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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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