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Tron (TRX) HODLers Number 1.08 Million as Binance Supports Token Migration




The second quarter of 2018 is a beehive of activity for the crypto-verse with a handful of projects showing tremendous progress in terms of releasing their MainNet versions of their blockchains. Tron (TRX) tops the list with its MainNet launch scheduled for the 31st of May which is less than three weeks away. As a matter of fact, there is an official countdown on the Tron Website specifically tailored for the MainNet launch. It currently reads 20 days 13 hours and 10 minutes at the moment of writing this.

This launch has been anticipated by the entire Tron Community that was revealed by Justin Sun, to number 1.08 Million enthusiastic HODLers. In the May 9th tweet, Justin said the following:

#TRON Good news for us, by the time of 2018 May 9(UTC+8), the Holders of #TRX $TRX exceeded 1.08 million, let’s keep moving

And indeed the Tron project is moving. The most recent exchange to be announced as supporting the token migration that starts on the 21st of June is Binance. The announcement was made on the Binance twitter page and had this to say about the migration.

#Binance Will Support #Tron $TRX MainNet Token Swap. When the swap occurs, we will handle all technical requirements involved for all users holding #TRX.

The major take away from the Tron token migration event is that all the owners have to do, is transfer their tokens to an exchange that supports the migration. When in the exchange, everything will be automatic starting June 21st to June 25th. HODLers have up until the 24th of the same month to transfer their tokens to an exchange. The other option is to wait till after the event, for the Tron foundation to announce a permanent token-exchange counter to do the token migration at a later date.

Other notable exchanges that will support the migration include Bitfinex and Bittrex. Bitfinex only added the token on its exchange on the 24th of January together with 6 other tokens. TRX is now tradable on Bitfinex against Bitcoin (BTC), Ethereum (ETH) and the USD.

The current market analysis puts TRX at a value of $0.08 and up less than a percent in the last 24 hours. The token has maintained the number 10 position and seems to have marked its permanent entry into the big leagues of coins and tokens on TRX had recently grabbed the number 9 spot from IOTA only to lose it when the latter made several announcements including partnerships with German startup AutoBahn, Porsche and having the Chief Digital Officer (CDO) of Schindler joining its project advisory board.

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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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TRON Partnership Involves Cloud Computing



TRON partnership

It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?




Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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Ravencoin (RVN) Surges Following Binance Listing




While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

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