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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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