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TRON (TRX) is Making Its Way into the Gaming Industry

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As the market was falling down, with the market deep ending with the last week, TRON had something to look forward to. With a brand new partnership announced during the previous week, TRON is potentially looking towards having its value priced more in the market, which could on the long run help this currency blossom, slowly being recovered from the massive drop. Let’s see with whom TRON partnered up and what hidden potential does that partnership hold.

TRON and BitGuild

BitGuild is a gaming platform with thousands of users around the globe, but don’t be mistaken thinking BitGuild is just another average gaming platform as this network is far from having a traditional way of hosting a great number of users.

BitGuild is actually based on blockchain technology and unlike traditional gaming platforms; this platform has a unique plan for solving numerous various issues revolving around gaming companies and users. The platform is, of course, decentralized given the fact that it is operating on blockchain technology and as of March 16th, BitGuild released their own ICO under the ticker PLAT. PLAT will be available for token sale for the next 13 days until the end date of sale which will occur on April 5th.

BitGuild’s own CEO, Jared Psigoda, has announced a partnership with TRON in his statement given during the last week.

What BitGuild is planning on doing is to release and enable a whole new way of gaming, which will also provide a unique gaming experience. The tokens they have released on token sale in form of coin offerings will be used as ERC20 tokens on Ethereum. The purpose of BitGuild’s PLAT tokens will be purchasing in-game items.

The general idea behind this platform is to enable players to hold “shares” over their gaming items. So, that basically means that items you would own in a game would be owned by you in real life as well thanks to the blockchain technology. Moreover, that means that in case you have collected certain items while you were playing a game on BitGuild gaming platform, those collected items could be monetized in form of PLAT, so those items wouldn’t belong to developers of the game, it would belong to the gamer collecting the items.

There will be PLAT wallets, so all monetized values could be kept safe in form of PLAT. After establishing ownership through smart contracts, the owner can decide what to do with his valuables – whether to sell it, keep it, exchange it or use it in another game.

To make this system functional and among everything extremely reliable, BitGuild will have to start from scratch, building a unique set of games that would enable this sort of interaction.

That is how BitGuild’s CEO came to the idea of forming a partnership with TRON because as stressed out by BG’s CEO, blockchain technology will allow the gaming industry to embrace improvements and eventually evolve.

As BitGuild’s blockchain technology will allow users to own the items earned through playing games that will be specially designed for this occasion, this gaming platform will also focus on gaming companies and game developers, allowing them to still hold authority over their intellectual property, in this case, their own game and everything included.

That means that if a game developer of a game you are playing all of a sudden decides to ban you from the game under their ownership and development then you would lose all items related to the game that you have earned by far.

The main reason why BitGuild has decided to go into the partnership with TRON is a product of a long-time observation where BitGuild’s team had a chance of confirming that TRON has one of the most notable and engaging communities in the entire gaming industry.

Also, thanks to the partnership with TRON, all BitGuild gaming platform users that also own TRX should have special access to exclusive games with limited editions that would be enabled for playing and purchase on BitGuild.

Having that said, BG’s CEO also added that gamers around d the globe are usually the ones who would embrace new technological improvements pretty quickly and be the first in the line about it, so partnered up with TRON, both TRX and BitGuild could benefit greatly and change the map of the gaming industry together, hand in hand with blockchain technology.

How is TRON doing at the Current Moment?

Although there are no major signs of improvements in the price, TRX is somehow hovering around the value of 0.03$ per one unit.

After the latest change in the market that occurred in the last 24 hours, TRX dropped by -0.69% against the dollar.

However, given the fact that the drop wasn‘t significantly high, leading TRX to a new low, TRX traded up against BTC and ETH by 3.14% and 3.96%, which means that observed from another point of view, TRX is still trading in the green in a way.

TRON can currently be bought at the price of 0.035$ per one unit, which makes it a perfect investment for all crypto enthusiasts who are looking for neat bulk investments and gamers alike.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

Image courtesy of Toshiyuki IMAI via Flickr

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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