Altcoins
Tron (TRX) becomes mighty (and finer) with Virtual Machine launch

Tron (TRX) as a cryptocurrency and a blockchain technology has come a long way to curve a niche for itself in the crypto space. According to Tron’s (TRX) recent news, the launch of Tron Virtual Machine today positions the blockchain technology ahead of other competing digital assets marking a big milestone on Tron’s development calendar.
There is a sense of excitement among Tron community members as they wait to usher in a new dispensation of scalability and efficiency on the Tron (TRX) platform. Justin Sun, the CEO and founder of Tron (TRX) announced the launch of Tron’s Virtual machine via his Twitter handle, saying:
Blockchain The Global Ecosystem, #TRON to the future. #TRON virtual machine launch event. #TRX $TRX #TVM
Youtube: https://t.co/q553J2pHjW
Facebook: https://t.co/gMnFAULfyr
Periscope: https://t.co/ulCs9Gu1t3— Justin Sun???? (@justinsuntron) August 30, 2018
Justin Sun twitted this tweet today, too.
On August 30, 9:30am(SGT), I made a live streaming about #TRON virtual machine, Project Atlas, and other exciting projects we are working on! Here are the links and PPT for all the #TRONICS. Check it out. #TRX $TRX https://t.co/HmdZfmvYcm
— Justin Sun (@justinsuntron) August 30, 2018
Tron as a blockchain technology and as a platform has been making headlines for all the good reasons and has been fortunate to create a lot of interest from the general public and major financial institutions across the globe.
A lot of big companies have adopted Tron’s platform into their operations – thanks to its consistency culture and attitude in doing business especially since the beginning of this year. Tron has managed to host many projects on its network with much more waiting in line to adopt the blockchain technology.
Tron Recent Burst of Activities
There is no doubt that Tron (TRX) has been very busy this year with the March 31st Testnet commissioning, acting as the start of a new era in the blockchain industry. The Testnet release played a big role in ushering the Mainnet project which has, in turn, boosted investor and consumer confidence in Tron’s blockchain technology, thus leading to an increase in adopters and investors.
Within a few months of Tron’s massive adoption and partnerships, the virtual coin price value has started showing positive signs with the crypto market looking very accessible. Although many altcoins have fallen victim of poor prices credits to the poor market trend that had hit the crypto market since early June, Tron’s (TRX) stability and resolve seem to be secured on the projects they had invested in since the Testnet.
What’s so Special with Tron Virtual Machine?
According to a recent press release by staff members of Tron (TRX), the blockchain technology will be launching their anticipated TVM today, promising users of a superior experience by offering the desired network optimization and scalability. Tron’s Virtual Machine will be customized to the Tron platform.
We already know that Tron’s VM will be a game changer because, during the testing phase, the platform recorded an increase in Transactions per Second managing to handle more than 49,000 transactions in a single day. Tron’s project team project the TVM will be able to process more than one million transactions in one day.
#TRON CTO, Lucien demonstrated the relations between application scenarios and technology calling of the developer tools and the relations between the tools and #TVM. Developers will clearly know how to use the tools, so that they can develop their own DApps more easily. #TRX pic.twitter.com/aMoOtTBB09
— Justin Sun (@justinsuntron) August 30, 2018
According to the CEO and Founder of the blockchain technology, Justin Sun, Tron’s VM will be compatible with other Virtual Machines belonging to other cryptocurrencies such as Ethereum.
After the launch of the Virtual Machine, developers will be on the advantageous side as they will be able to enjoy a more secure, scalable, efficient, stable, and convenient blockchain network.
Notwithstanding, the theory of Bandwidth is going to be applied to Tron’s VM which means no transaction fees are going to be imposed on smart contracts or normal transactions. During the release of the Beta version, Tron’s CTO, Lucien, pronounced that Tron’s decentralized application ecosystem was going to be separated into three parts, namely, the third-party tools, development tools, Engine tools.
Just like Ethereum’s development tools, Tron’s development tools that include TronLink, Tron Remix, TronWeb, TronTruffle are pre-requisites for developers who would like to develop an entire distributed application.
Also, along these development tools, Tron VM will also provide developers with 20 different game templates to enable developers to create more sizeable games, refereeing to the templates while creating their dApps.
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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 thorough research before investing in any cryptocurrency and read our full disclaimer.
Photo by Ashley Knedler on Unsplash
Altcoins
Cardano Price Stumbles Amid Legal Battle Between SEC and Binance

Cardano price has faced a great setback in the past few days as the US SEC filed a lawsuit against the cryptocurrency exchange platform, Binance. The altcoin has dipped by more than 8% in the past week and currently trades 2.35% lower at $0.3448. ADA’s total market cap has crashed by more than 2% to $12 billion, while its total volume dropped by 2.48% over the last day.
Catalyst Behind ADA’s Downfall
Cardano price has been in freefall since the start of the week, moving in tandem with the broader cryptocurrency market as the US Securities and Exchange Commission (SEC) target Binance and its CEO, Changpeng Zhao. SEC filed a lawsuit against Binance, the largest cryptocurrency exchange platform, over the alleged mishandling of customers’ funds and the running of illegal operations in the United States.
The regulatory action contributed to a market-wide price decline in the crypto sector, impacting several assets, including Bitcoin and Ethereum, which fell by more than 5% after the announcement on Monday. Cardano price plunged nearly 7% following the regulatory announcement.
In the lawsuit, the Securities and Exchange Commission alleged that Binance had been offering “unregistered securities” since its inception. The SEC mentioned that a slew of popular cryptocurrencies, including Cardano, Solana, and Polygon, were among the unregistered securities. Other cryptocurrency asset securities mentioned in the lawsuit include FIL, ATOM, SAND, COTI, and ALGO, among others.
In its filing, SEC…
Altcoins
Ethereum Price Nudges Higher Amid Successful US Debt Ceiling Bill and a Weaker Dollar

Ethereum price jumped on Friday, hovering slightly below the important level of $1,900 as the approval of the US debt ceiling bill increased bullish sentiment in markets. At the time of writing, Ethereum was trading 1.48% higher at $1,888.86, surpassing the 50-day exponential moving average at $1,845. The asset’s total market cap, as well as its total volume, has increased over the last day.
Fundamental Analysis
The crypto market was in the green on Friday as investors digested the latest news on the US debt ceiling bill. The global crypto market cap increased by nearly 1% over the past 24 hours to $1.14 trillion. Even so, the total crypto market volume, as well as Bitcoin’s dominance, inched lower over the same period.
Ethereum price jumped to an intraday high of $1,900 on Friday before pulling back slightly amid increased bullish sentiment and a weaker US dollar. The US Senate passed the bill to suspend the US debt ceiling deal to January 1, 2025, on Thursday, a few days before the US government ran out of cash. The US government will now be able to keep borrowing money to pay its bills.
The dollar index, which measures the greenback’s performance against six major currencies, has dropped by nearly 1% this week, its biggest weekly loss since mid-January. The passage of the US debt ceiling deal removed a pillar of support of the US dollar, which…
Altcoins
XRP Price Outlook Seems Promising as US Debt Ceiling Deal Sparks Risk Sentiment

XRP price has been in a steady uptrend for five consecutive days despite macroeconomic factors weighing on markets. At the time of writing, XRP was trading slightly higher at $0.4853, with its market cap inching higher for the day. The coin’s volume has also moved higher in the past 24 hours, hinting at a bullish outlook.
Fundamental Analysis
XRP price has staged a significant recovery in the past few days, jumping more than 6% in the past week. The coin has managed to secure a place among the best-performing altcoins in the past week. Its market cap has tilted higher to $25 billion, ranking the asset 6th after USD Coin.
The cryptocurrency market was in the green on Monday, with the global crypto market cap jumping more than 1% over the day to $1.15 trillion. The total cryptocurrency market volume increased by nearly 62% over the same period. The recent rally in the crypto market has been on the back of the finalization of the US debt ceiling deal that has been gnawing on markets for the past few days.
The US dollar shied away from its six-month high on Monday after US President Biden and House Speaker Kevin McCarthy finalized a budget agreement, suspending the $31.4 trillion debt ceiling to 2025. This will allow the US government to continue borrowing money and pay its bills on time. Even so, Congress must pass the deal before June…
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