Tron Weekly Report: Tron catches up to Ethereum’s transaction count as BitTorrent Speed launch looms

The Tron community rejoiced after the TRX token surged by 6% over 24 hours to re-enter the list of the world’s top-10 cryptocurrencies on CoinMarketCap. At press time, TRX had a market capitalization of $2.57 billion. Justin Sun, CEO of Tron Foundation, also announced on Twitter that TRX perpetual contracts had been launched on BaseFEX […]
The post Tron Weekly Report: Tron catches up to Ethereum’s transaction count as BitTorrent Speed launch looms appeared first on AMBCrypto.
Source: AMB Crypto

BaseFEX launches Tron [TRX] perpetual contracts

Justin Sun today announced the listing of Tron [TRX] perpetual contracts on BaseFEX, a cryptocurrency derivative exchange, via his official handle. He tweeted, #TRX is now available on @BaseFEX, $TRX perpetual contracts is launched on BaseFEX futures exchange. #TRON pic.twitter.com/bTPyB9jIn3 — Justin Sun (@justinsuntron) June 24, 2019 The price of the index would be derived from […]
The post BaseFEX launches Tron [TRX] perpetual contracts appeared first on AMBCrypto.
Source: AMB Crypto

Tron celebrates its second year of Independence as it continues to BUIDL a Decentralized Web

Tron [TRX] – Love it or Hate it, but you can’t ignore it When the entire market was enjoying a bull run in December 2017, John McAfee, a well-known influencer, endorsed a new cryptocurrency in the market, commenting that it was a “long-term Hodl.” A year down the line, the project has launched its own […]
The post Tron celebrates its second year of Independence as it continues to BUIDL a Decentralized Web appeared first on AMBCrypto.
Source: AMB Crypto

Justin Sun Bids ‘Goodbye Ethereum!’ to Celebrate Tron Independence Day – Find Out Why

The Tron Foundation led by Justin Sun is celebrating Tron Independence Day on 25th June as their first anniversary of introducing their native Tron blockchain. Before June 2018, Tron was operating as an ERC-20 token on the Ehtereum blockchain. Nevertheless, the protocol behind Tron remained still the same.
Justin Sun has scheduled a live stream to highlight the growth and development of Tron in the past year. He tweeted,

“Goodbye Ethereum! Happy TRON Independence Day! #TRX $TRX”

Tron will also highlight the plans of the community and their goals in the live address. He also tweeted,

“…Are you ready? #TRONIndependenceDay is there to celebrate. Let’s make the most of it!”

Ethereum is one of the first cryptocurrency platforms that has supported a plethora of coins in the beginning. Not only Tron but also Binance (BNB) coin was earlier developed on Ethereum platform. After the new chain is designed and fully developed, the cryptocurrencies are shifted from one blockchain to another; following the same protocol. The old ERC-20 are burned in equal amounts as transfers to the new chain.
Tron initiated its mainnet launch on 25th June 2018. Nearly 100 exchanges and wallets including OKEx, Huobi, Binance, Bittrex and so on have completed their token migration process. TRON Foundation processed all the ERC20 Tokens retrieved.
The token migration process is completed with more than 99.1% of the 100 billion TRX tokens already done. Binance also performed its token burn process recently by shifting BNB coins from ERC20 to BEP2 tokens.
Tron has often led Ethereum in the bid for transaction volume and scalability. However, Ethereum 2.0 development and it’s market dominance is an increasing threat to other smart contract platforms like Tron, EOS, and Cardano. The total market dominance of Ethereum is around 10% with total market capitalization at $32 billion while the total Mcap of Tron is only about $2.5 billion.
Do you think that Tron Foundations marketing attempts will lead to the growth of TRX in a competitive environment? Please share your views with us. 
The post Justin Sun Bids ‘Goodbye Ethereum!’ to Celebrate Tron Independence Day – Find Out Why appeared first on Coingape.
Source: CoinGape

Tron Independence Day: What Will Justin Sun Unveil During Livestream Today

Coinspeaker
Tron Independence Day: What Will Justin Sun Unveil During Livestream Today
To celebrate TRON Independence Day, Justin Sun will hold livestream to summarize the achievements of the year and to reveal the plans for the future.
Tron Independence Day: What Will Justin Sun Unveil During Livestream Today

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron’s DApps record $15.9 million in 24-hour volume; beat EOS and Ethereum

The twelfth largest cryptocurrency according to CoinMarketCap, Tron [TRX], might have missed making a mark with respect to its price. However, its DApps have taken over the task of contributing significantly to its environment. Tron, in their latest announcement about the Odyssey 3.6 upgrade, had prioritized entertainment-focused decentralized applications [DApps]. Tron’s Chief Executive Officer, Justin […]
The post Tron’s DApps record $15.9 million in 24-hour volume; beat EOS and Ethereum appeared first on AMBCrypto.
Source: AMB Crypto

Hybridverse Building Its Euro-Backed Stablecoin on Zilliqa Blockchain

Coinspeaker
Hybridverse Building Its Euro-Backed Stablecoin on Zilliqa Blockchain
Hybridverse’s Euro backed stablecoin is called Hybrid Euro (HEUR), and is being built on Zilliqa Blockchain that is first and only blockchain to implement sharding.
Hybridverse Building Its Euro-Backed Stablecoin on Zilliqa Blockchain

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron join hands with LATOKEN to become an IEO payment token

The Tron token might not have managed to make its way back in the top 10 cryptocurrency list of CoinMarketCap, but has managed to keep up, in terms of performance and development. The Tron foundation has been informing the community about everything happening in its ecosystem along with its latest partnership with LAToken.
According to the announcement, TRX would be accepted as a payment medium on the LAToken IEO launchpad and will extend to create fundraising opportunities for new projects. The exchange ranks among the top 20 exchanges list and already has tokens like Bitcoin [BTC], Ethereum [ETH], and USDT on its IEO payment currencies list.
Going by the agreement amid two parties, TRX would list three trading pairs, TRX/BTC, TRX/ETH, and TRX/USDT. Along with Tron, Tron’s BitTorrent trading pairs would also be listed namely, BTT/TRX, BTT/BTC, BTT/ETH, and BTT/USDT.
Justin Sun, the Chief Executive officer of Tron and BitTorrent informed the community on his Twitter:
“#TRON trading market is available on @latokens, #TRONICS can trade TRX/BTC, TRX/USDT, TRX/ETH now.”
The first IEO on the exchange to accept a contribution in TRX would be Zeux token sale. Valentin Preobrazhenskiy, CEO of LAToken said that he was glad about the partnership and this was in line with the company’s mission to connect investors with entrepreneurs.
“We are glad to partner with TRON and start supporting TRX as payment currency. That is perfectly in line with our mission to connect investors with entrepreneurs. We will make simpler to contribute and fundraise for TRON users.”
At press time, Tron was valued at $0.0324 with a market cap of $2.16 billion. The 24-hour trading volume of the coin was reported to be $720 million as it reported a growth of 1.38% over the past day. In the past seven days, the coin plunged by 1.91% and continued to tumble by 0.08% within an hour.
The post Tron join hands with LATOKEN to become an IEO payment token appeared first on AMBCrypto.
Source: AMB Crypto

Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard

LEO surges, up 32 percent
FOMO likely accelerating LEO demand

The tokenization of BitFinex through the sale of LEO tokens was an opportunity for investors to draw maximum benefits from a liquid exchange. At the time of writing, LEO is up 32 percent week-to-date.
LEO Price Analysis
Fundamentals
Desperate times call for desperate measures. That’s the adage that BitFinex’s owners, iFinex Limited, heeded, quite literally. Faced with insurmountable pressure upon the damaging revelation that the exchange used part of Tether Limited’s fund to fix a deluge, the management settled for an Initial Exchange Offering (IEO).
The objective was quite clear and brazen: crowdfund $1 billion in USDT from private investors. That meant tokenizing the exchange through the Unus Sed LEO tokens. Hardly surprising, Justin Sun was said to be among one of those who had made applications for consideration.
However, reports had it that he pulled out, it was apparent that opportunity seeking billionaires couldn’t leave this lying. Of the many investors who kept decided to keep it low key, the outspoken “china’s BTC billionaire” Zhao Dong, notified the community of BitFinex’s plans:
“Leo tokens are intended to be the utility token at the heart of the iFinex ecosystem. Token holder will experience immediate benefits across iFinex trading platforms, products, and services including LEO holders’ taker fees will be reduced by 15 percent overall crypto-to-crypto pairs (including crypto to Stablecoin. Taker fees…reduced by an additional 10 percent overall crypto pairs. For traders with an average >$5,000 USDT in LEO tokens in their account during the previous month…etc.”
Candlestick Arrangement

Considering the benefits, it was highly anticipated that the coin sold out in minutes, gifting BitFinex the much-needed liquidity. However, for investors, LEO prices sunk. Upon listing on May 20th, LEO prices dropped from $2.49 to $1.025 before closing at $1.07.
Even though it was seven percent in the green, investors were shaken. Presently, LEO on a recovery path, adding 96 percent and changing hands at $1.96 against the greenback. As a result of this, LEO’s market cap is $ $1,959 million surging 32 from week-to-date.
Technically, hype alone will shore LEO as investors don’t want to miss another BNB moment. Therefore, even though prices could react at $2.15 or the 78.6 percent Fibonacci retracement, bulls will likely prevail in the long term. Thus, for the savvy trader, every dip is another buying opportunity. Stop limits at $1.55 could be the safety net just against there is an unexpected liquidation.
Technical Indicators
Noteworthy, trading volumes are increasing. That is buoying bulls, which is positive. Breaks above May 20th high at $2.15 should ideally be with high trading volumes exceeding 3.95 million of June 10th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
 
The post Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard appeared first on NewsBTC.
Source: New feedNewsBTC.com

Gate.io takes Bittrex’s lead; will delist major altcoins such as XRP, EOS, and Monero for U.S users

Regulations within the cryptocurrency industry have always been tricky to maneuver around. However, the ecosystem’s uncertainty is forcing some players to take caution and guard against the changing landscape. One such initiative is being undertaken by Gate.io. The exchange announced the delisting of several cryptocurrencies including EOS, Monero [XMR], and Ripple’s XRP, among others.
The official announcement read that some coins (cryptocurrencies) will not be available to U.S. users effective June 30, due to regulatory uncertainty. It further stated,
“Starting from June 30, 2019, USA users can not access to deposit and trading of the following coins: CNYX, EOS, XRP, TRX, XTZ, BTM, NAS, QTUM, NEO, GAS, XMR, BCN, XEM, WAVES, DCR, ONT, ONG, THETA and TFUEL. These coins will no longer display on the Market list to USA users after Jun 30. If you are a USA user, please withdraw them as soon as possible.”
This unforeseen decision made by the exchange will not affect non-USA users, who will continue to have full access to the above-mentioned coins without any changes.
Interesting enough, Bittrex also recently decided to do something similar a few days back. Bittrex announced that it would be delisting the following coins, namely, ADT, CMCT, GO, MFT, QRL, XEL, AMP, DNT, GTO, and 23 other cryptocurrencies, effective June 21. Similar to Gate.io, the said change would only be applicable for uses residing in the U.S.
The exchange had stated,
“After the Change Date, U.S. Customers will not be able to buy or sell the above-listed Tokens/Coins. On the Change Date, our systems will automatically cancel all open (i.e, unexecuted) orders in the affected markets for U.S. Customers.”
A Twitter user, @shirkhan, tweeted in response to the above-mentioned delisting,
“As of now @BittrexExchange will delist a couple of #cryptos ($XRP NOT affected) for US Users and  @gate_io will do so as well ( $XRP getting delisted). Let‘s see if any of the big exchanges will follow suit. This only affects US so far. #XRPCommunity”
The post Gate.io takes Bittrex’s lead; will delist major altcoins such as XRP, EOS, and Monero for U.S users appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH] v. Tron [TRX] Price Analysis: ETH struggles to make gains while TRX holds firm

Ethereum [ETH], the market’s largest altcoin, was valued at $249.292, at press time. After climbing by 0.88% over 24 hours, ETH held a market cap of $26.52 billion and recorded a 24 hour trading volume of $9.10 billion.
Tron [TRX] had a market cap of $2.212 billion, at press time. It was valued at $0.031, dropping by 0.423% over 24 hours. The most recent report by DApp review demonstrated that in recent months, Tron has added 223 DApps to its ecosystem.
1-Day ETH
ETH confronted resistance at $271.241 and found support at $240.262. The coin recorded an uptrend from $158.844 to $265.463, and a steep downtrend from $270.701 to $251.472.
Source: TradingView
Bollinger Bands envisioned the bands gradually converging, suggesting diminishing volatility in the market.
Parabolic SAR’s dotted markers were found over the candles, indicating a bearish market trend.
MACD line was below the signal line, picturing a bearish market for ETH.
1-Day TRX
TRX saw two notable uptrends between $0.029– $0.031 and from $0.030 – $0.035. Resistance was found at $0.038, with support at $0.030. Over the course of recent weeks, TRX recorded a downtrend from $0.038 to $0.033.
Source: TradingView
Relative Strength Index demonstrated an increase in buying pressure as the coin’s indicator line was positioned at 56.091.
Chaikin Money Flow’s marker was found over the zero-line at 0.09, suggesting a growing inflow of capital into the market.
Awesome Oscillator revealed falling bullishness and market momentum.
Conclusion
ETH remained firmly bearish, while TRX was stable, despite the bears’ looming.
The post Ethereum [ETH] v. Tron [TRX] Price Analysis: ETH struggles to make gains while TRX holds firm appeared first on AMBCrypto.
Source: AMB Crypto

Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett

Coinspeaker
Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett
Changpeng Zhao of Binance declined an offer to attend Justin Sun’s $4.5 million lunch date with Warren Buffet before taking a jibe on the legendary billionaire for his vehement criticism of cryptos.
Binance CEO Turns Down Justin Sun’s Offer to Join $4.5M Lunch with Warren Buffett

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Wrap: Altcoin Losses Accelerate as Correction Continues

Crypto markets sliding slowly; EOS, Cosmos ETC accelerating losses, BSV and Tron holding steady. 
Market Wrap
The crypto correction appears to have slowed today but has not reversed and the short term trend is still downwards. Markets have settled a little following yesterday’s big dump but further losses could be imminent. Total market capitalization has now dropped below $250 billion.
Bitcoin has spent a large part of the past 24 hours hovering around $8,000 but could not hold that level. A slide last night dropped it back below $7,500 but BTC has since recovered marginally. Lower highs and lower lows indicate further losses however; Bitcoin is currently trading at $7,750.
Ethereum has weakened slightly and is now back below $245. Price has turned short term bearish and it is likely to mimic what Bitcoin does over the course of the day. Major ETH support lies at $240.
The top ten is still largely in the red for the third day this week. Losses have decelerated though and altcoins appear to be preparing for a bounce which may be short lived. EOS has dumped a further 6 percent dropping back to $6.20 while Litecoin hold steady above it in fifth. The rest have not moved much aside from Bitcoin SV which, adding another 4 percent, could be manipulated again.
Top twenty movements during Asian crypto trading today are larger, and mostly in a southerly direction. Ethereum Classic has dumped the most with 11 percent back to $8.18 while Cosmos is close behind dropping 8. NEO and Tezos continue their slide with another 6 percent lost each. Only Tron is making a little back today as 4 percent is added to TRX to reach $0.035.
FOMO: HedgeTrade Hedges In
Something called HEDG has surged into the top one hundred with a 50 percent pump today however an obscure spike in price that instantly dumped is responsible. GXChain and Bytom are both going strong at the time of writing with 14 percent added each and Revain has been revived with a 13 percent gain on the day.
At the messy end of the tables Crypto.com Chain sliding back 12 percent. Ravencoin is also in a bad way this morning with an 8 percent dump.
Total market cap 24 hours.
Total crypto market capitalization has declined for another day but only by 1.6 percent to $248 billion. Over the week a downtrend has started to form and losses could accelerate if Bitcoin and its brethren cannot hold their support levels. Daily volume is still a high $80 billion and BTC dominance has crept back up to 55.7 percent.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Altcoin Losses Accelerate as Correction Continues appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ethereum [ETH] v Tron [TRX] Price Analysis: ETH and TRX follow the bear

Tron’s Founder and CEO, Justin Sun, recently won a $4.57 million bid to have lunch with Warren Buffet, the CEO of Berkshire Hathaway. However, this development failed to bolster the coin’s performance on the cryptocurrency charts. Meanwhile, Ethereum had experienced some volatility in the past few weeks and was performing well since a week, at press time.
1-Day ETH chart
Source: TradingView
The 24-hour trading volume of the coin was $9 billion, with a market cap of $26 billion, at press time.
An uptrend was seen from $83.07 to $103.44 and another from $106.28 to $151.50. A downtrend was seen from $203.88 to $156.76. The resistance was found at $272.19, while the support was at $82.08.
Bollinger Bands depicted squeezing volatility in the market.
Awesome Oscillator suggested falling market momentum.
Relative Strength Index suggested that the buying and selling pressures in the market were in equilibrium, at press time. However, the selling pressure was slowly increasing.
1-Day TRX chart
Source: TradingView
The 24-hour trading volume was seen to be over $1 billion, with a market cap of $2.2 billion, at press time.
An uptrend was seen from $0.0129 to $0.023. The resistance was at $0.0384, with the support at $0.0118.
Awesome Oscillator indicated steady momentum in the market
Bollinger Bands pointed towards expanding volatility in the market.
Relative Strength Index suggested that buying and selling pressures in the market were in equilibrium.
Conclusion
ETH and TRX were bearish, following the signs of the larger crypto-market.
The post Ethereum [ETH] v Tron [TRX] Price Analysis: ETH and TRX follow the bear appeared first on AMBCrypto.
Source: AMB Crypto

Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet

Coinspeaker
Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet
Justin Sun bids over $4.5 million to have a power dinner with the Oracle of Omaha, Warren Buffet, in an auction aimed to raise money to help the needy and drug addicts in San Francisco.
Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet

Continue reading at Coinspeaker
Source: CoinSpeaker