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

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Tron TRX
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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!

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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 Pxhere.com

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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