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Tron (TRX) is about to decentralize the web and reshape the world, here is how

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At the time of writing, Tron (TRX) is priced at $0.03669 (went up by 6.08% in last 24 hours) with a market capitalization of about $2.3 Billion, according to CoinMarketCap. The digital asset has been trending due to its recent activities. It is worth noting that Tron (TRX) stands No.1 out of the top 10 most mentioned cryptocurrencies on Twitter. Others are BTC, ETH, LTC, XRP, XVG, DGB, BCH, ADA, and EOS, according to CoinTrendz.com. It seems Tron’s CEO, Justin Sun is making sure Tron is on a futuristic path for mass adoption.

Why is Tron (TRX) trending globally on social networks such as Twitter? It is because of its goals to transit the world to a decentralized future.

Tron’s BitTorrent acquisition is not an ordinary thing

Tron is a blockchain platform that uses the decentralized technology for content creators to create and share contents. The blockchain platform also enables content creators to own their data without restrictions. As mentioned above, the blockchain protocol went ahead to acquire BitTorrent.

After the launch of Tron’s mainnet, the co-founder of BitTorrent recently declared that Tron has purchased BitTorrent for $140 million USD. Although, this acquisition hasn’t been confirmed by Sun yet.

Wondering how this all started? Well, there have been speculations that Tron will acquire BitTorrent since last year due to the fact that Tron Foundation was interested in the company. During that time, Sun placed a restraining order on BitTorrent to prevent the company from seeking other buyers during the time of bidding. After some time, Sun removed his restraining order and went on to buy the company.+

BitTorrent is a company that had raised millions even ten years ago in the entertainment industry with its P2P network, but along the way, their goals weren’t able to pull through and as a result, they decided to lay off some staff, and change the way services are rendered.

Later onwards, the company recorded a huge success and began to get more than 100 million users every month as a result of its P2P services. Tron’s acquisition of BitTorrent is a major step by the platform to decentralize the world and change the entertainment industry once and for all.

Tron wants to create its own free content platform by making use of its blockchain technology. Tron’s acquisition of BitTorrent will enable its users to create, distribute, and store data without being charged a dime. This feat will also enable people to create a decentralized platform for sharing contents.

Over the years, the sharing of contents for entertainment can only be done on platforms like Facebook, YouTube, Stream, etc. But with Tron’s recent acquisition and its goals to decentralize the world, there could be a big change and a revolution in the entertainment industry very soon.

It is important to note that major exchanges have resumed the deposit and withdrawal of TRX after Tron first moved its tokens from ERC20 to its mainnet tokens. Exchanges such as BitFinex, CoinEgg, and Binance have stated their support for the digital asset.

There are lots of good things surrounding Tron and its future – but currently, the digital asset is planning to improve its services and lead the way in decentralizing and changing the world for good.

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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 Maxpixel.net

Bitcoin

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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Bakkt
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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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