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TRON (TRX) Enters 6 Partnerships, including BitForex, D2F, OTCBTC, and Shiftmarkets

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TRON (TRX) continues on its quest of global crypto domination, with six new partnerships in the last week, three of which were made in the last 48 hours. Additionally, its founder, Justin Sun, decides to up this crypto’s bug bounty program to $10 million.

TRON continues to conquer

A lot of skeptics believed that TRON (TRX) would not deliver on its promises prior to the launch of its MainNet. Stories and rumors of TRON being a giant scam dispersed once the crypto delivered on its promises, but it is safe to say that nobody expected that its development would continue at such a rapid rate. Not only did TRON continue to improve, it also started entering partnerships at a rate never seen before.

Just days ago, Justin Sun posted a tweet in which he stated that TRON will be listed on BitForex Exchange. Starting June 8th, crypto users will be capable of withdrawing and depositing TRX, with the coin being available for trading only a few hours later. This is the fourth listing of TRON on a new exchange between June 3rd and now, with the previous three exchanges to accept it being Max exchange, Coinex, and OTCBTC.

BitForex currently offers more than 10 coins on its platform, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), NEO (NEO), Ethereum Classic (ETC), and others.

Even more partnerships for TRON

Additionally, TRON has also announced a new partnership, but this time with Shiftmarkets. This is a relatively new brokerage company and exchange, and it will officially launch in the coming weeks. Its main goal is to close the gap between the cryptocurrency market and FX, and it plans to offer various deliverable assets, in addition to CFD liquidity.

Another partnership includes D2F, which is a carefully designed team, consisting of 70 individuals with ties to entertainment media and mobile device industry. The team has also announced its intention to run for the TRON Super Representative, for which the election will be held on June 26. This is a company that revolves around the development of blockchain, and its use when it comes to smart devices and dApps.

One more announcement was issued by Justin Sun on Twitter, and this one came only hours ago, in which he states that TRON will also be listed on Bitopro. Deposits, withdrawals, as well as regular trading,  will be possible starting today, June 7.

TRON’s bug bounty program

Bug bounty programs are a common method of hunting for bugs in the system, where companies would pay capable individuals for every vulnerability that they manage to find. So far, the TRON foundation raised a higher amount as a reward for finding the bugs than any other platform. Justin Sun doesn’t plan on leaving anything to chance and has decided to find even the smallest flaw in the system.

This new development came immediately after the exposure of EOS system bugs, discovered by Qihoo 360’s Vulcan Team. According to Qihoo 360, the discovered vulnerability is massive and poses a large threat.

Obviously, Sun doesn’t want to allow something like this to happen to TRON, which is why he urges those capable of breaching TRON’s protocol to step up and collect their prize.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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crypto credit cards
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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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