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Milestone Achieved – TRON (TRX) Listed on KuCoin

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TRON (TRX) has just joined the list of KuCoin, one of the most active crypto exchanges on the market. Additionally, Justin Sun has shared on his Twitter account how TRX is doing in of his weekly reports.

TRX joins KuCoin

TRON’s (TRX) continuous successes are not really surprising to anyone at this point since the coin has clearly demonstrated that there is no such thing as obstacles in its way to dominating the crypto world. Its recent victory is among the big ones, though, as the coin has entered KuCoin’s list, and the trading is supposedly starting today. A lot of investors see this as a possible spark that will ignite TRX price and send it to the moon.

TRON got on KuCoin after being added on numerous smaller exchanges, but many believe that it would have gotten there sooner if it were not for its recent MainNet launch. Thanks to the MainNet, adding support for TRON seems to have been a bit more difficult on the technical side, but the issues seem to have been resolved now.

The addition of TRX on KuCoin also came only a few days before the scheduled TRON VM launch. This is definitely a busy time for TRON when a lot of changes are happening, but one thing remains constant — its price. Many believe that this is because TRX will only be able to trade against Bitcoin and Ethereum, and possibly other digital assets.

At the moment, TRON is in the green, with the price of $0.025232 per coin. The recovery may be on the horizon since TRON has seen an 8.80% increase in the last 24 hours, but this is still not enough for the coin to return to its former glory. For this recovery to continue, TRON will have to show technical strength, but it will also need a lot of support from its community.

Justin Sun shares TRON weekly report

Yesterday, August 27th, Justin Sun released another weekly report (in numerous languages) on his Twitter account. The report mostly talks about the Tron Foundation’s progress, and it briefly mentioned new upgrades and development. It consists of four parts — Tech development, activities of the TRON community, TRON’s team and partners, as well as market transactions.

So far, under the TVM’s ecosystem, it would seem that the team has managed to transfer security assurance within contracts, as well as to optimize node scoring functionality. Additionally, the Foundation has also completed the resource delegation for consensus.

There is also a significant chunk of work in progress, like additional attempts to improve the TVM ecosystem, and especially its security. Also, the Foundation wishes to introduce new design changes in the wallet.

As for the team, partners, and community, the report reminded us of various incentive activities that targeted the coin’s supporters. There were also mentions of the completion of TRX migration, bringing back withdrawals and deposits, the purchase of BitTorrent and its merging with TRON’s team in San Francisco, as well as a reminder that Project Atlas is underway.

Additionally, the report mentioned the TRON Super Representatives election, stating that Blockchain.org and TRXMarket are the new additions to the team. After those two, TronSpark and DAPPHOUSE joined as well, each being chosen by community votes.

Finally, there is the matter of the market activity. Recently collected data from COintrendz has shown that TRX is among the top coins per Twitter mentioned, and it is right up there with Bitcoin and Ethereum. Since the results came in, Justin Sun stated that the coin’s current goal is to reach as many exchanges as possible. So far, it would seem that TRON is doing pretty well, and it joined not only KuCoin but Allcoin too.

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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.

Image courtesy of Tim Green via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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