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Here Is Why Tron (TRX) Might Be On the Radar Of a Major ‘Hollywood’ Media Firm

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Tron
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We have seen it over and over again with the top 5 crypto assets. Whenever the general crypto community is all bullish about a coin, Wall Street comes out of nowhere and either starts offering financial derivatives of the coin or holds the digital asset by the hand to further make it great. We have seen it with Bitcoin (BTC) and the futures contracts being offered by CME and CBOE. We saw it with XRP, LTC and ETH with UK based Crypto Facilities that currently offering futures products based on these digital assets.

The thing about Futures contracts, many Crypto enthusiasts do not like them. They allow you to bet against a digital asset and actually predict that it tanks in the markets. It is similar to shorting. This involves ‘borrowing’ a digital asset at a certain high level then instantly selling it with hopes of buying it back when it gets cheaper. If this were to happen, you profit by pocketing the difference. Perhaps it is time crypto enthusiasts became savvy traders and started shorting their favorite digital assets? HODLing seems to be causing widespread heartache.

Moving back to TRX, it is only a matter of time before the project attracts the attention of a major media based company in a similar manner as to how XRP attracted SBI Holdings. Unlike XRP, TRX is not so much focused on the remittance industry, therefore a media firm would be more applicable. Hollywood is known to be the hub of media. This includes music, film and reality TV. It is, therefore, no coincidence that Tron has an office in San Francisco.

Considering the fact that music artists only take home 12% of the revenue their lovely music makes, it might be time to decentralize the media industry using TRON.

But what media firm would be crazy enough to risk losing its profits by decentralizing music/film distribution and payments?

This would be a bold step by a media firm for they risk being taken over by the technology they will be promoting. But by being the first in the market to offer blockchain solutions to creative content for artists, such a firm would place itself in a position of being the next iTunes or Spotify or Tidal on the blockchain. Maybe even these three firms are already watching the Tron Project from afar and sending so-called emissaries to Justin Sun. More so, since he acquired the file-sharing platform of BitTorrent. Think of the possibilities of a decentralized music industry!

Yes. All this is speculation. But remember the great men and women in tech have always been known as being dreamers and visionaries. At first, their ideas seem insane only to be patted on their shoulders a few years down the line when their ideas become mainstream. Think of Tesla and his vision of a wireless means of communication and energy transfer. Think of Marie Curie and her research on radioactivity. Think of Einstein and his theory of relativity. They were a few years ahead of their times with their ideas and now we cannot live without their ‘dreams’ of a better future.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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