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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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5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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Stellar Lumens and XLM: All you need to know

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Stellar Lumens is a blockchain project that includes the XLM token. It’s meant to connect banks, payments, and people. How? By making money transfers around the world quicker, safer, more efficient, available to people that are usually outside the banking system at a cost so low that it’s almost free.

Millions of people are using Stellar already. It’s considered to be the closest project to Ripple (hence, its main competitor). But Stellar has found more use cases than Ripple so far and a strategic alliance with IBM. Those two things will end up determining Stellar’s success in the long run.

Stellar’s leadership, staff, and the team have raised a few doubts in the past. This project was founded by Jed McCaleb who also founded Ripple and eDonkey. The network’s governance and centralization could improve regarding transparency as well.

That being said, Stellar’s adoption and development have grown exponentially in a short time. It’s become one of the leaders regarding blockchain structure. And it’s been in the crypto verse’s spotlight for several reasons.

With all those successes, Stellar Lumens could do a better job when it comes to decentralized apps. In third-generation blockchain projects, smart contracts and dApps are crucial. This could allow competitors like Tron, Ripple or EOS to gain advantages over Stellar.

But Stellar’s versatility is such that it might disrupt many different markets. As a payment tool, it can affect the virtual (and the real-world)…

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