Connect with us

Blogs

Real Tron (TRX) usage has arrived! Token price could hit the moon at any time

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

If a cryptocurrency has to go high, it has to increase its real-life usage, and Tron (TRX) has managed to achieve precisely that. Here in this post, we’ll uncover how but let me talk about some facts first, briefly (promise).

It is not a hardcore secret to anybody that cryptocurrencies have been approached as a form of investment rather than its real purpose which is to be a payment method that’s open to anybody at any time with the characteristic of not needing a trusted third party involved in the process.

In this matter, this has been one of the biggest struggles the crypto market has been dealing with as when it comes to utility, it seems like the crypto market lacks options, which, at the same time, ends up resulting in the implicit encouragement of the usage of virtual currencies only with the expectation of gaining a profit of it.

So, in this sense, it is to be noted that every day there are more and more initiatives that plan to tackle the problem and come up with a solution that could finally give a different approach to crypto usage, a fact that seemingly, Bitcoin Superstore has finally achieved by adding Tron. Let’s see its connection to the new crypto-mainstream link and the details on the addition of Tron (TRX) to the platform!

Bitcoin Superstore

Bitcoin Superstore is a website that allows crypto enthusiasts with the opportunity of buying good and services from a huge range of options of the market by using cryptocurrencies.

The platform has been amongst us for quite time now, but it wasn’t till the moment that the network started to gain strength by setting some of the most ambitious goals of the sector.

According to its official Twitter account, the company is aiming to add a new cryptocurrency every week, and not only that, it is also willing to accept suggestions of the community, a fact that undoubtedly represents a great benefit for the sector.

Bitcoin Superstore gives crypto enthusiasts the chance of buying from almost all of the online retailers in existence, including Amazon, Walmart, eBay, and even Starbucks, and the best of all is that it charges the user with a 2 percent fee of the total amount of the purchase only.

Like this, the platform has already turned in the most relevant service for real crypto usage in the market, and at the same time, in the cheapest (I mean affordable).

The seven cryptocurrencies available

In the beginning (as the name suggests), the only crypto accepted was Bitcoin (BTC). However, the platform has already seven cryptocurrencies enlisted, among which there are Bitcoin Cash (BTH), Dash, Ethereum (ETH), Litecoin (LTC), Ripple’s XRP, and Tron (TRX) as of yesterday.

The official announcement was made through Twitter:

Conclusion

Naturally, the addition of Tron (TRX) to a platform where users can purchase in almost all of the online retailers that we know gives the coin a very positive perspective around price matters.

In fact, it is likely that in the near future the prices of the coin will surge from the recent behaviors, and this could be supported as well by the recent peer to peer payment option that Tron has enabled through its payment platform Seedit.

We can all agree that the latest performances of the coin have not been the best, but this is a milestone with the potential to change the fate of Tron completely. Of course, it will be unrealistic to expect Tron (TRX) hitting the moon in current circumstances; the whole market is bleeding severely, TRX will have to wait (the rally needs to start from Bitcoin). So 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 Pixabay.com

Blogs

Understanding the Uses of Different Types Of Cryptocurrencies

Published

on

cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

Continue Reading

Blogs

New DoJ Ruling May Cripple Gambling dApps

Published

on

gambling dApps
READ LATER - DOWNLOAD THIS POST AS PDF

A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

Continue Reading

Blogs

7 Steps to Recovery from a Crypto Trading Loss

Published

on

crypto trading loss
READ LATER - DOWNLOAD THIS POST AS PDF

Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

Continue Reading

Elite