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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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Blogs

XRP Surges By 8% In A Surprise Bull Run

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XRP
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The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.

While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.

The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.

Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…

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Bitcoin

If Tether crashes, will that money pour into Bitcoin?

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Tether
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For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.

Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.

While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.

At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:

  1. Are all USDT coins fully backed?
  2. If yes, then where did that much money come from?
  3. If not, what will happen when the market discovers the lie?

Tether continues to keep secrets

As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…

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Bitcoin

Is Bitcoin (BTC) Better Than USD?

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Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.

Bitcoin vs traditional money

Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.

However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.

Surprisingly enough, the report portraits Bitcoin in a very positive light.

The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…

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