Connect with us

Blogs

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

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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 Maxpixel.net

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release