In a bid to back the use of blockchain for global good, Tron, which is one of the most decentralized platforms in the market – has donated $3 million to BCF (Blockchain Charity Foundation). Tron’s pledge came a month later after the BCF stated its intents to partner and donate to the United Nations Development Program (UNDP).
The partnership between UNDP and BCF will help to foster the use of blockchain apps for social and economic good. Tron, through its CEO Justin Sun, has pledged to be pivotal in the campaign for blockchain apps for social wellness. The blockchain project has also stated that it will back this goal to leverage blockchain for the charity program.
EXCLUSIVE: @Tronfoundation announces $3M pledge to the Blockchain Charity Foundation (BCF), following @binance listing fees commitment. @justinsuntron and @cz_binance will attend the World Investment Forum to further discuss blockchain's role in charity.
— Unbankd (@unbankd_co) October 17, 2018
The blockchain tech is transparent, traceable, and can get used for efficient charity programs. However, a Medium post stated that BCF (a charity Foundation by Binance) trusts that incorporating blockchain technology into charitable programs will produce a system of trust and dependability.
Nonetheless, it is necessary to take note that when BCF began, it saw a charitable system capable of fraud and misuse of charity funds; at the launch time, Binance stated:
“We’re taking this opportunity to turn BCF vision into reality: Binance is building a fully transparent donation platform that enables traceable and flexible multi-currency donations recorded on the blockchain.”
It is also vital to know that Tron is poised to be forefront in the charity industry as its CEO said,
“As a Super Representative, I am fortunate enough to have earned the trust of the community. I believe it is my responsibility to lead the movement in applying blockchain technology to improve people’s livelihoods around the world. I will dedicate the resources I have gained from co-governing the network to causes that will benefit and empower society. I hope my actions will inspire more people to tap into the great potential of blockchain technology to truly make a positive impact.”
Mr. Sun-led blockchain project is seeking to get the solution to power blockchain technology around the world and has told the community to join the movement that will take this technology onto another level in a few years to come.
With its existing collaboration and the upcoming ones, Tron is assertive that it would change the charity field; foster the current structure, and encourage more people worldwide. Undoubtedly, the company’s notable donation and support will go a long way in empowering the society and make a good impact in their lives.
Also in the bid to encourage the charity field in the blockchain world, Binance has pledged 100% of its listing fees to the newly formed wing: BCF (Blockchain Charity Foundation).
Subsequently, it has been reported that Tron’s CEO and BCF will be present at the World Investment Forum, which is held by the UN (United Nations) Conference on Trade and Development (UNCTAD) this week, specifically on Oct. 24th.
The Forum will solely talk on how blockchain will help sustain the Social Development Goals (SDGs). If you live anywhere near to Palais des Nations, you can listen to Justin Sun’s speech there.
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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 HeatherPaque/Pixabay
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
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After more than a year of declining prices, the crypto market is finally seeing a period of serious recovery — one that has already brought digital currencies to heights not seen in over half a year now.
Only days ago, Bitcoin surged past several major resistance levels and managed to exceed its yearly high of over $8,000. Already, many skeptics are predicting the soon end of the bull run, and the possibility of yet another sharp decline. However, there are signs that suggest otherwise — that this bull run is only getting started, and that it will not end anytime soon.
There are four reasons why this is the case, and they are as follows:
There is the long-awaited Bitcoin futures exchange, Bakkt, which recently announced that the July test date for Bitcoin futures is soon to be set. Bakkt’s launch was delayed multiple times already, so the announcement came as quite a surprise. However, it appears that it will happen quite soon, after all.
As soon as its arrival becomes a certainty, Bitcoin will likely skyrocket even further, just like gold did when gold ETF appeared in 2013.
2) Bitcoin completely ignored the hacking of Binance
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The crypto market’s recovery progresses further, and at a rapid pace, at that. Bitcoin has just surpassed the $8,000 mark, which is the first time its price has been that high since July of last year. In addition, the entire crypto market is making billions within hours.
Bitcoin (BTC) sees another serious surge
In the past 24 hours, the total crypto market cap has gone up by around $24 billion. Meanwhile, BTC price has grown by $1,000 within the same period, as the largest coin traded barely above $7,000 on early Monday. At the time of writing, the coin’s price sits at $8.014.31, with a 14% growth in the last 24 hours. Meanwhile, the BTC market cap has gone up to $141.85 billion, and even the coin’s trading volume surged to over $31 billion.
While many are wondering whether this is a return to the massive heights seen back in 2017 or only a temporary surge which will soon see a correction — no signs of an upcoming decline have been noticed as of yet. In fact, new heights were made and then exceeded multiple times in the past week, with a massive 33% gain during that time. And, with Bitcoin’s dominance at 60%, many are expecting that massive altcoin surges are to be expected as well.
The growth of altcoins can already be seen, as Bitcoin…
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