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Tron TRX now accepted in charity galas. A hope or misconception?

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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.

The organization allowed for cryptocurrency donations but only in Bitcoin, Ethereum, and Ripple. Mr. Larsen confirmed his presence by saying, 

“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:

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.

LongDong699 says:

“I just checked, and they do not accept TRX…They accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.”

Perogies commented:

“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.”

ByteBish mentioned:

“You’ve mistaken them with the American Charity who is going to Partner with an ultra-secret Chinese Charity – TBD.”

Vanalli tweeted: 

Another Twitter user who goes by the name, EdCummins, said:

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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