Connect with us

Blogs

Tron (TRX) on a roll as more than 70 exchanges list the crypto now

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

It becomes more evident Every time as to how Tron (TRX) is taking the strongest steps in the industry to set a milestone and differentiate from others, a fact that without any wonder the token is already taking care of. One would think that after a long-awaited launch of the Main Net and all of the work that got implied in such ambitious project, the company would take some time before jumping on another bold objective, but that’s certainly not the case of this crypto.

Justin Sun, CEO of the company has been working tirelessly to consolidate the presence of the coin in the market and improve its performance as one of the top cryptos in the industry. Like this, it has developed an exceptional partnering work that for sure forecasts the token as the next big thing.

It seems like going unnoticed is definitely not a characteristic of the moves that Sun has set for the current 10th coin of the market. The businessman recently managed to partner with three cryptocurrency exchanges in just 48 hours, a fact that besides being huge, places the coin as one of the most well-received in the world, and the one that is currently listed in 70 exchanges in total now. The Tron team knows no stopping. Let’s see how it goes.

The most recent alliances of Tron

BitForex partnership

It is the most recent partnership announcement that Justin Sun made on his Twitter account. Sun’s tweet regarding the Tron’s partnership with BitForex, reads,

BitForex is an influential crypto exchange based in Singapore with registration in the Seychelles and presence in countries such as Germany, Hong Kong, and the Philippines. In addition to the newly listed TRX token, the exchange lists another ten cryptos among which there is Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, NEO, ABBYS, THEMIS, and others.

Shiftmarkets partnership

Tron has just entered a global market by forming an alliance with the leading FX market company, Shiftmarkets. Through the partnership, both companies expect to bridge the gap between the two sectors by offering Contract For Difference liquidity and deliverable assets.

In relation to this, the CEO of Shiftmarkets who happens to be none other than the crypto gurú John McAfee said that the company is very “excited to bridge the gap between the FX and crypto markets with a popular and exciting project like TRON.” He continued by saying the FX demand has been mostly acclaimed and that after this collaboration he expects a more notable interaction between the two market sectors.

OTCBTC partnership

The Chinese exchange OTCBTC partnered with Tron a couple of days ago to provide support in the migration from the protocol ERC-20 of Ethereum. Like this, all of the holders of the token can deposit their TRX ERC-20 tokens on the exchange before June 21st, and this will represent insurance for their funds after the protocol migration and the coming representative elections.

OTCBTC is one of the largest exchanges in Asia offering trading services with several cryptos among there is TRX which can be bought through fiat currencies such as Yuan or USD and with available trading pairs like TRX/BTC and TRX/ETH.

D2F partnership

On June 26th, Tron (TRX) will deploy the Super Representative elections in which the self-governed community of the company will be set to shape and establish Tron’s future. Regarding the Tron (TRX) D2F partnerships, the official announcement that came from Justin Sun in form of a tweet (as in most of the cases), reads,

Final Words

Exactly as Mr. Sun keeps establishing over social media, it seems like Tron “never sleeps.” All of the recent partnerships and moves from the company can only be an indicator of its enormous potential growth in the coming days.

The TRX token is now listed in more than 70 crypto exchanges around the world and has over 100 TRX pair options to trade with. Whether it will be a fast or slow success remains a question; however, we can be sure that great things are coming for the crypto. Stay tuned!

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Blogs

TRON Partnership Involves Cloud Computing

Published

on

TRON partnership
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Bitcoin

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

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Ravencoin (RVN) Surges Following Binance Listing

Published

on

Ravencoin
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite