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Watch out! The Tron (TRX) big bull is charging this way! - Global Coin Report
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Watch out! The Tron (TRX) big bull is charging this way!

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Tron is more than your average successful cryptocurrency. Driven by Justin Sun‘s vision of a fully decentralized web, it’s also an entertainment content distribution platform built upon the blockchain and peer-to-peer technology. Users can store and build apps using this platform to host and distribute their own content instead of requiring such service from a third party host (which is usually a centralized service).

The Tron brand and currency belong to the Tron foundation, a non-profit institution started and led by CEO Justin Sun (who formerly founded Peiwo). Mr. Sun is very well known as a former Jack Ma (Alibaba’s founder) student and protegé, and Peiwo’s success, as well as Tron’s spectacular rise (it’s worth three and a half billion dollars, and it only started last July), has turned him into a global business celebrity.

Some analysts even expect him to surpass his protector and become the next Jack Ma. Because of both moguls’ close relationship, there’s the rumor running around that Tron and Alibaba could partner up in spite of the fact that, while Mr. Ma is a big fan of the blockchain technology (more blockchain patents were awarded to Alibaba last year than to any other private company in the world) he’s been very outspoken about his skepticism about cryptocurrencies.

It’s still only a rumor, anyway. Nobody knows for sure so far, except for Mr. Sun and Mr. Ma, and they are not saying anything. It is evident, nevertheless, that Mr. Ma has very high expectations from both Mr. Sun and the blockchain tech, and they are close friends. So if Alibaba is going to partner up with any player in the crypto universe, it would only be natural for that partner to be Tron.

A recent tweet by Mr. Sun made the whole Tron community excited. In that post, he talked about a possible announcement for a new partnership. According to Mr. Sun, it would be the biggest ever partner to join forces with Tron.

Hupan University is located at Hangzhou, China. It was founded by Mr. Jack Ma, who is the principal and still teaches there. He personally invited Mr. Sun to join his entrepreneurial education program, along with only forty other students. That’s how they both became close, and Mr. Sun was the first ever millennial to graduate from Hupan. So they go some way back.

At the time Tron launched its ICO, it was trading at a fraction of a cent. Then it went up all the way to thirty-one cents, which remains its all-time peak. It’s been fluctuating ever since, and Coinmarket has it at $0.070 at the time I write this. It’s still a tremendous growth rate, among the top ones of today’s alt-coins.

Taking into account that Tron’s Main Net is only a few days from being launched now, the current price is an obvious opportunity. The Main Net means that Tron will stop being a currency based on the Ethereum ECR-20 blockchain to become a fully autonomous blockchain and currency.

More than that, it will become a platform for decentralized applications development. The new platform promises to surpass Ethereum’s characteristics dramatically in terms of speed and versatility. 

For Tron, it’s not about the coin only but about providing developers with an environment in which apps can be deployed and used. Remember: Tron’s game is to decentralize the web, so Tronix is not the whole dish but only one of the recipe’s ingredients.

The recent trend in the crypto market is bullish. Numbers have been green for most currencies for most of the month (it all started to go down a couple of days again though, Bitcoin lost a lot, but Tron hasn’t been in the Red majorly though), and Tron is the spearhead. It’s expected to reach $0.08 soon, and some market observers think it could even reach $3.00 before the year ends.

Mr. Sun is famously quite adept at marketing. He’s conducted a thorough campaign that hails Tronix as the investor’s choice, and it’s worked. It’s bolstering the coin even as of now. The low price Tronix (TRX) still has just proves the notion that the future looks bright for it.

Cryptocurrency traders anticipate a rebound to happen soon (maybe even today) for the market in general, but some keen watchers think that TRX will presently undergo an eruption that will leave a lot of the competition behind.

Bixin recently declared its support for Tron’s blockchain independence and token migration (the token migration is scheduled for next month). This news came in as the new Tron virtual machine was just about to go live in a couple of days, which went live today. Bixin is one of the world’s leading cryptocurrency exchanges.

Additionally, RightBTC, the first Dubai digital exchange recently included Tron and many other exchange sites, and platforms keep joining in support of Tron’s upgrade to the Main Net and token migration.

The Tron Foundation claims that no fewer than twenty startups are already working hard to develop decentralized apps for the new Tron Main Net. A lot of them will be released next June 5th.

April was a very good month for the cryptocurrency market, and it seems that May has brought about the solidification of those gains. As Bitcoin keeps being increasingly adopted everywhere; even though it’s trading below $7500, the analysts believe that this May will be the last time its value will remain this low. Even in a market, this hot, Tron remains a serious contender to become the year’s most profitable coin (last year was Ripple’s XRP).

The Tron leadership and community are very transparent, they usually deliver on promises, and the coin has performed spectacularly since it hit the market. Mark my words, Tron is set to grow at an exponential rate, watch out for a ‘big bull’ charging this way!

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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.

Image courtesy of Pxhere.com

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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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…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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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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