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Why Is Alibaba Not Partnering With TRON (TRX)?

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Alibaba not partnering with Tron
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TRON (TRX) has been among the most active crypto projects this year. It achieved a lot, from numerous exchange listings, to launch of its MainNet, and later its TRON Virtual Machine, to the purchase of BitTorrent and announcement of a new project called Project Atlas.

New partnership announcements never seem to stop for this crypto. Even so, however, its community continues to wait for one special announcement, which is TRON’s partnership with Alibaba. Still, no matter how patient the community has been so far, the announcement of this partnership simply isn’t coming. At this point, many have already given up, simply accepting that Alibaba is not partnering with TRON, period. But why?

Alibaba NOT partnering with TRON (TRX)

A few months back, when TRON’s MainNet launch was still a thing of the future, a rumor appeared that Alibaba will be the next big firm that will partner up with TRON. While Justin Sun, TRON’s creator, openly talked about his desire to partner up with Alibaba, it is not he who has started the rumor.

Still, the “news” quickly spread, and the rumor even made a lot of headlines at the time. Alibaba denied that it had such plans, but the entire crypto community believed that this is all just a way of keeping the partnership a surprise. Some believed that, even if Alibaba truly didn’t plan such partnership, it will certainly change its mind after TRON proves that it can live on its own blockchain, far from Ethereum’s support.

Soon enough, the MainNet launch came. It was successful, and it was a big deal for TRON. Token migration followed, as well as numerous other announcements, including new projects and partnerships. However, the Alibaba partnership was nowhere to be seen.

Nothing has changed

This is where many started to believe that the rumor is nothing but a false hope and that it will never come to pass. Alibaba not partnering with TRON, and that’s that. If we take a look at Alibaba’s opinion on cryptos, this is not really that surprising. The company’s own leader, Jack Ma, always viewed cryptos as a bubble. To this day, he remains convinced that this is true. Someone who has so little faith in the future of cryptocurrencies certainly wouldn’t be in a rush to partner up with one of them, right?

While a partnership between the two would certainly benefit both entities, it would seem that Alibaba is staying true to its belief. Even so, both the company and Jack Ma have shown increasing interest in the blockchain, even if they want nothing to do with cryptos.

Recently, news of Jack Ma stepping down started appearing as well. Even though he is to be replaced by a new leader, Alibaba’s current Chief Executive, Daniel Zhang, there is still no reason to believe that the new leadership will mean opening up to cryptos, including TRON.

It would seem that the partnership will, at least for now, remain only a rumor and wishful thinking. What will happen in the future is anyone’s guess, but until Alibaba starts viewing cryptos in a more positive light, nothing big is going to happen between the company and this industry.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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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…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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