Last Thursday a charity gala was held in San Francisco. It raised some serious money to fight poverty in the Bay area, according to Bloomberg. This happens all the time in Silicon Valley but what made this particular gala worth noting is that they were taking cryptocurrency donations, and it worked to the tune of fourteen million dollars. Some crypto-town celebrities were there such as Coinbase’s Brian Armstrong and Ripple’s Chris Larsen.
“It’s great to see in the Bay Area because this is all about making sure that wealth is getting to people who need it most, and this helps lubricate that goal.” Mr. Brian echoed the sentiment “I think a lot more charities will be accepting crypto in the future.”
The donations were collected using Tipping Point, which has earned a following among Silicon Valley’s philanthropists. Tipping Point is a data-driven and technology-driven approach to early childhood development, housing employment, and education. It’s led by Mr. Daniel Lurie, formerly at Robin Hood Foundation (NYC).
The foundation is aiming to reduce the number of chronically homeless people by half before 2021. They raised 33 million dollars as a response to North Bay fires 100 million.
Tron’s TRX currency was not announced as a way to make donations to the organization, but Tron took the initiative and boldly posted:
— TRON Foundation (@Tronfoundation) May 10, 2018
The event’s explicit goal was to help eliminate poverty in the Gulf region, but TRX’s acceptance was not a purpose on its own, and it remains unclear if they are so friendly towards it once Tron releases its own Main Net and leaves ERC20 tokens behind for good. We have no announcements about that so far except for Tron’s own tweet.
Twitter and Reddit users took issue and published their mixed declarations.
“I just checked, and they do not accept TRX…They accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.”
“Probably pending. Perhaps waiting until TRON launches it’s mainnet and isn’t an ERC20 token anymore. I’ll remove the post until we get further clarification.”
“You’ve mistaken them with the American Charity who is going to Partner with an ultra-secret Chinese Charity – TBD.”
I don't think this is correct, TRON team. See the article: https://t.co/AgpbscohkG It was Ripple that was used. TRON also not on the tipping point website: https://t.co/Kaw8b0BKeK No FUD. Just hope you can clarify. Looks like an innocent mistake.
— Vanalli 💧 (@Vanalli) May 10, 2018
Another Twitter user who goes by the name, EdCummins, said:
— EdCummins (@EddCummins) May 10, 2018
Consequently, as it stands, Tron foundation says yes Tron was among the accepted cryptos for the charity; whereas, social users represent misconception. But, whatever the case is, it could a step towards the right path for cryptos as a whole – don’t you agree?
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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.
Chart courtesy of Mc Morr via Flickr
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
3 Cryptos To Blow Up In The Next Bull Run
It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…
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