Connect with us

Blogs

Tron (TRX) UPDATE: HitBTC and Cryptopia To Support Token Migration

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

Global Coin Report can now confirm that the Tron (TRX) token migration will also be supported on the two popular exchanges of Cryptopia and HitBTC. Justin Sun, via Twitter, retweeted the following tweet by Cryptopia further confirming the issue:

With respect to HitBTC, the exchange can now be confirmed to be part of the list provided by the Tron Foundation via their medium page. In a previous article, Global Coin report had got wind of the information of HitBTC supporting the migration, through a reader who had provided an email from the exchange in the comment section of the said article.

The email from HitBTC to our reader named ‘Toni’ was as follows:

“Dear Trader,

As it was already mentioned, HitBTC is going to support the Migration, so no actions are required to receive the new TRX coins.

By HitBTC Support Team”

Going back to the Cryptopia exchange, Global Coin Report had promised to update its users after one of our readers, Brad, commented the following in the same article mentioned above.

“I currently have some Tron on cryptopia but unfortunately tech support said they are not participating in the migration. It’s been in maintenance since May 9th they’re not sure when it will be out of maintenance if it’s still in maintenance after the migration what can I do I am not able to transfer anything. I guess my main question is if I transfer it to another exchange after the coin migration is done will that work thanks for the help.”

Summing it up, the Tron (TRX) token migration will happen on the 24th of June at 0:00 am (UTC + 8) or what Justin Sun likes to call ‘Singaporean Time’. At that time, all the exchanges participating in the token migration will freeze all deposits and withdrawals then take a snapshot of all balances on the exchanges. The token swap will then be done by the exchanges with no need for the users to intervene.

Once the migration is done, withdrawals and deposits will resume on the various cryptocurrency exchanges supporting the migration.

To note is that Binance will be supporting permanent token migration after the 24th. This means if you miss out on the dates of the 21st to the 24th, you can move your ERC20 Tron tokens to Binance and they will do the swap for you.

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 Pexels

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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite