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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

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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