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Tron (TRX) enters Poland (EU) as it gets listed on Bitpay

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Tron’s mass adoption intensifies as the most significant Poland crypto exchange, Bitpay, lists TRX on its platform. The listing is to foster and create a wider audience for both Tron and Bitpay. The collaboration between Tron and Bitpay was done to create a better and safer means to purchase and trade TRX tokens.

Tron listing on Bitpay serves as good news for Tron’s community because TRX can now be traded to Bitcoin, Polish Zloty, US Dollars, and Euro. Bitpay is one of the biggest exchanges in the world, and the founder of Tron (TRX) didn’t fail to acknowledge that. Sun further emphasized that the listing is another achievement for Tron and its community. Sun said,

“BitBay is one of the biggest digital asset exchanges in the European area. The listing of TRX on BitBay is another milestone for us, representing another significant step of TRON into the European market. We believe that the cooperation between the two parties will provide users with more purchasing channels that are safer and more convenient. This will be a win-win cooperation” 

In regards to the new listing, Tron CEO tweeted,

The biggest crypto exchange in Poland stated through a press release:

“TRON is an ambitious project. We have no doubt that its protocol is one of the biggest operating systems in the world based on the blockchain network. We are very proud to list TRX on BitBay and present it to our users. We hope that our contest for traders will drive even more attention to TRON.”

Subsequently, Bitpay, which also controls more than 70% of the crypto-trading market in Poland has also decided to reach out to the Asian market by releasing the Chinese version of its platform. The platform has also added about ten new digital assets to the platform.

As part of increasing its customer base and increase the level of TRX trading on the platform, BitPay has decided to award the top 100 crypto traders on its platform with 400,000 TRX. Although in this competition, top traders will be awarded based on the volume of TRX trades performed on the platform.

Undoubtedly, Tron has made significant progress ever since the launch of its MainNet.

As it seems, Tron’s MainNet has enabled it to attain feats that even top cryptos such as Bitcoin haven’t been able to reach. Recently, the cryptocurrency burnt the 5th batch of ERC-20 tokens which is tagged as the final phase of its migration from Ethereum’s protocol.

A tweet by TRX Colony read,

TRX stared Aug. with only 30,100 transactions a day. By the end of the month, the average of daily transactions was nearly 1/3 that of Ethereum. Tron is the fastest growing coin, this rocket ain’t stopping for anyone” 

Tron TRX at the moment

TRX has improved from the recent low of $0.01 and currently trades at $0.0205. It is important to know that Tron (TRX) has increased by 4.61% in the last 24 hours. The cryptocurrency now has a market cap of $1,347,846,677 and is the 13th largest cryptocurrency, according to CoinMarketCap.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Erik Witsoe on Unsplash

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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