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Tron to hand out three million USD in charity; Sun to speak at UNCTAD event

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Tron
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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.

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

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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