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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite