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Tron (TRX) intro to the gaming industry promises the coin great fortunes

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Just like everything in the current world, the way we transfer money across borders and how we make payments is evolving and changing. This is nothing new as this revolution process began nearly five years ago giving birth to cryptocurrencies. The development of cryptocurrencies continues every day to this very day, and even though they are not all equal; some are doing better than others.

Cryptocurrencies continue to gain acceptance in the world market as the future of money transactions, although they are in their infancy stages. They still have a long way to go before they are universally accepted as a mode of payment on a global level. As per different authentic sources, the number of virtual currencies is between 1600 to 1800 digital coins. Wow.

Tron (TRX)

Tron (TRX) is a blockchain technology that focusses in the area of entertainment and creative content with the goal of changing the internet on a universal scale. Tron (TRX) intends to carve out a decentralized content entertainment environment; it is also an open-based universal digital entertainment protocol.

A few days ago, Tron (TRX) successfully launched its new Main Net, but like other cryptocurrencies in the market, TRX has not lived up to the expectations of many. However, focusing on Tron’s value at present is being short-sighted, rather the focus should be on what Tron as a blockchain can achieve in the long-run.

At the moment, an investor is supposed to focus on the vast opportunities the Tron blockchain and its application offers to the public. There is a wide array of industries showing interest in collaborating with Tron and driving up its value. One of the industries warming up to Tron includes the Gaming Industry (of course, sports sector is not to forget).

Gaming Industry

The gaming industry is a fortune industry approximated to be a multi-billion industry that is increasingly warming up to the idea of blockchain technology, Tron being on the forefront. The reason for Tron’s adoption in the gaming industry is because it meets all the technical requirements and standards for developing complex online games in a localized environment.

For example, game developers can make use of Tron’s platform to develop games at low costs, thanks to the blockchain’s zero fees. Also, the blockchain can accommodate transaction speeds of up to 10,000, making it the perfect platform any gaming developer would like to use and broadcast their efforts on a global scale.

Tron and the Gaming Industry

Tron has been able to widen its influence to the gaming market by partnering with a supreme gaming company, Game.com, Xu Le, and BitGuild (also a blockchain-based gaming firm). These partnerships are a great starting point for Tron’s intrusion into the gaming industry increasing its possibilities of regaining proprietorship in the virtual world of gaming.

Game developers are not wasting any time utilizing Tron’s stable platform launching games that have the potential of going viral and in turn, drive up the prices of TRX. A good example is this virtual farming game that allows players to grow crops, farm animals as well as purchase farm machinery by the name Cropbyte game. In this game, all victories are paid out in actual TRX currency.

Many other games are being launched in Tron’s platform; it’s just a matter of time they will start driving up its value.

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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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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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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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