While TRON has made some game-changing moves throughout 2018, it seems that this coin is still not done with shocking announcements. According to a recent statement by its founder, Justin Sun, TRON might be about to enter its biggest partnership yet. This time, the popular coin is targeting an unnamed company worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
As soon as this announcement was published, the entire crypto community started speculating regarding the company’s identity. While still unconfirmed, many seem certain that the mysterious giant is none other than one of China’s largest IT firms — Baidu.
The Tron team told https://t.co/reZ2fjHrZq that a partnership had been confirmed between Tron and China's IT giant Baidu, which will be officially revealed by Baidu Cloud next week.
— Coinness – Real-time Crypto Market Index and News (@coinness) October 12, 2018
Baidu is among the largest companies in China, and many tend to call it Chinese Google. The company holds control over 66% of all internet searches. In fact, its closest competitor holds only a quarter of this amount.
What does this mean for TRON?
As mentioned, TRON has managed to make a huge amount of progress throughout 2018, which was mostly bearish up to this point. Not only did TRON managed to launch its MainNet and purchased BitTorrent, announced numerous projects, entered more partnership than anyone can count and has started bringing games to the blockchain.
While pretty amazing, all of these feats might become lesser achievements when compared to partnering up with Baidu. Many expect that this move will launch TRON to the moon, and quite possibly start a bull run that everyone has been waiting for since January 2018.
Baidu itself is a huge and rich company, and it even expressed interest in blockchain technology in its white paper published in September. If it were to partner up with TRON, this cryptocurrency would definitely deserve it. Its recent accomplishments have proven that TRON’s blockchain is faster and cheaper than pretty much any other.
While the bear market impacted its price and market cap so much that TRON still cannot enter the top 10 cryptocurrencies, a partnership like this will definitely improve its situation. Right now, TRON’s value is at $0.024646, with an increase of 1.61% in the last 24 hours.
However, this is nowhere near its full potential, or even its all-time high of $0.25 that it reached in January. While TRON’s highest price is only a quarter of $1, many believe that TRX could hit a lot higher after all that it managed to accomplish during 2018. With that in mind, the entire crypto community expects this partnership to pave the way for TRON in 2019. All that the coin needs now is for this partnership to be confirmed. When and if it does, investors expect that TRON will skyrocket like never before.
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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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Blockchain-Focused ETF Arrives on London Stock Exchange
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…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
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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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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