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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

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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