TRON Launches ‘BitTorrent Speed’ With Native Token Functionality

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TRON Launches ‘BitTorrent Speed’ With Native Token Functionality
Just recently, Tron announced the launch of their new download optimization software called BitTorrent Speed. Users of BitTorrent Speed will be rewarded in BitTorrent Token (BTT) in exchange for seeding and bandwidth.
TRON Launches ‘BitTorrent Speed’ With Native Token Functionality

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Source: CoinSpeaker

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

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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

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Source: CoinSpeaker

Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens

The ICO boom of 2017 was the major reason behind many altcoins pumping massively. Several coins without proper resource allocations raised millions of dollars and delivered nothing, while coin holders took profits. However, SEC’s crackdown put an end to such scams and paved the way for other investment methods for people who wanted to launch new crypto-coins, some of which include STOs [Security Token Offerings] and IEOs [Initial Exchange Offering].
The latter became quite famous as it was spurred by the world’s largest exchange, Binance. The exchange made sure to migrate Binance Coin [BNB]  from Ethereum blockchain to their own blockchain. This was followed by an announcement that allowed other projects to move from ERC20 platform to Binance Blockchain.
The launch of BNB on its mainnet was followed by the launch of Binance DEX and a platform called Binance Launchpad, for its famed IEOs. The launch of BitTorrent’s token sale on January 31 made approximately $7.2 million and in less than 15 minutes of launch, it had a hard cap of $7.2 million. The second token, Fetch.AI, sold out within 22 seconds of launching and had a hard cap of $6 million.
Unlike ICOs, IEOs bring trust back to the ecosystem by reintroducing centralization. It involves a middle man and centralized authority, in the form of an exchange platform.
So far, Binance has listed 5 tokens excluding the Bread token, that was launched December 12, 2017. The other tokens include BitTorrent, Fetch AI, Celer, MATIC, and Harmony.

The above table tracks the percentage rise in the price of the tokens after being listed on the exchange. BitTorrent tokens were sold at $0.001865 during the public sale, with the price surging by a whopping 975% to the price at press time. However, the price of BTT surged by 1454.17%, after it hit an overall peak point of $0.001865.
Fetch AI, whose tokens sold out in 22 seconds, is currently down by -78.19%. However, at the peak price point, it surged by 294.69%, which was the second lowest surge of all Binance listed tokens.
Celer project which was listed on March 25, 2019 with a hard cap of $4 million did a peak surge of 287.91%. However, at press time, it was up by 182.37%. The largest surge was seen on MATIC token which was listed on April 26 and had a hard cap of $5 million. The total surge, at press time, was 774.87%, whereas the surge at peak price was 1,611.03%. The last token to be listed on Binance Launchpad/IEO was Harmony Token, which surged by 618.02% at press time, and had a peak surge of 882.68%.
CZ tweeted an excel sheet which tracked the returns of the coins listed on Binance IEO.

Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ
— CZ Binance (@cz_binance) May 19, 2019

There is a clear surge in the price of the coins after being listed on Binance Launchpad, which is something similar to the effect seen on coins listed on Coinbase, which is informally termed as the “Coinbase Effect.”
XRP, the third largest cryptocurrency in the world, has a huge and probably the most active community right after Bitcoin’s, and saw a similar effect on its price when it was listed on Coinbase on February 25, 2019. The price of XRP against USD surged by approximately ~8.45% in under 3 hours whereas, the price surged, consolidated, and fell after 24 hours, i..e, it came down to ~3.35%.
XRP was the best coin listed after the “Coinbase Effect” was waning, so one can say that the effect wasn’t as much as the effect of previously listed coins that include Ethereum Classic [ETC], ZRX Token, Basic Attention Token [BAT], and Zcash [ZEC].
ZEC surged by the second lowest percentage within 3 hours of the announcement, i..e, 16%, with the surge falling down to 0.1% by the end of the day. ETC saw the highest surge after being announced i.e., it rose by 25.8% in 3 hours, ZRX surged by 29.8%, and BAT surged by approximately 20.6%.  The Coinbase Effect faded as time passed by and it is hardly noticeable as of today, unlike the Binance IEO effect, which gives more returns than the Coinbase effect.
In retrospect, if an investor would have invested $1000 during the public sale of MATIC tokens, the investor would stand to gain ~$16,100 by holding them for only 25 days. If the same amount was invested in BTT, the investor would gain ~$14,500 for holding the tokens for 117 days. The best investment would be Harmony Token, if the user had invested $1,000, he would stand to gain $8,800 in only 5 days. The gain for all of the aforementioned tokens is after deducting the investment.
The post Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens appeared first on AMBCrypto.
Source: AMB Crypto

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

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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

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Source: CoinSpeaker

Crypto Market Wrap: $20 Billion Gone Again as Bitcoin Tumbles

Crypto markets dump again as $22 billion is lost; Bitcoin Cash, EOS, ADA, IOTA, Tezos and BTT in a world of pain. 
Market Wrap
For the second time in less than a week crypto markets have taken a massive dump. Led by Bitcoin as it collapsed below $8,000, markets have shed over $22 billion as altcoins get battered in another correction cycle. The question now is; how far will they drop this time?
A few hours ago Bitcoin plunged 8 percent from $8,600 to $7,950. It has remained just below $8k ever since and appears poised to fall further. Analysts have targeted the $8,200 zone as a key price level BTC needs to reach before the day is out to avoid further losses.
Ethereum has done exactly the same, dumping almost 8 percent to fall back below $250. The market correction is likely to drag altcoins down even further as it has done on countless occasions before.
The top ten is bleeding hard during Asian trading today. Bitcoin Cash and EOS have taken the hardest hits dropping 10 percent in 24 hours. BCH is now at $390 with EOS plummeting to $6.60. Not far behind is XRP, Litecoin and Stellar sliding 8 percent each. Only BSV appears to have escaped as it remains flat for now.
The top twenty is equally battered at the moment with Cardano, IOTA, Tezos, NEO and NEM dumping doubles and wiping out weekly gains. Only Cosmos has survived as it shows the only green in the 40 at the moment with a 3 percent gain on the day.
FOMO: Zilliqa Still Surging
Defying the massive crypto purge is ZIL which has added a further 7.5 percent on the day to reach $0.022. Binance is getting most of the volume at 30 percent as Zilliqa climbs up the market cap chart to 44. June has been primed to be bullish for the project with new hires and the release of the Scilla Smart contract to the second annual Zilliqa day. Aurora and Maximine Coin are back on a pump today also.
The biggest dump of the day is BitTorrent token sliding 13 percent. Maybe Justin Sun is spending too much of crypto investors’ coin trying to impress billionaires.  Tron isn’t far behind with a 10 percent drop.

Looking forward to lunch with @WarrenBuffett. Will be a great opportunity for mutual understanding and knowledge transfer. It's a new era for #TRON and #BitTorrent, and also a big step for the whole #blockchain history. Let’s see what happens next. https://t.co/OOkpnFsBif pic.twitter.com/Sstkj6xkgs
— Justin Sun (@justinsuntron) June 3, 2019

Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has shrunk by $22 billion, or 8 percent, to $252 billion. The fall which started yesterday, mirrors that of last Friday and has been controlled by Bitcoin. Failure to hold here will lead to further losses and could see BTC back in the low $7,000s with altcoins even worse.
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: $20 Billion Gone Again as Bitcoin Tumbles appeared first on NewsBTC.
Source: New feedNewsBTC.com

Tron’s [TRX] Weekly Report reveals Foundation’s work on Practical Byzantine Fault Tolerance solutions

The cryptocurrency market saw prices of most major cryptos fall on June 3 as the market took a sharp bearish turn. Tron [TRX], was previously ranked tenth on the cryptocurrency charts, before slipping out of the top-10 cryptos list. After a few days of ups and downs, Tron moved up to the eleventh position, overtaking Cardano [ADA].
Tron Foundation has been looking past the position of the coin in the market and focusing on its performance in terms of developments in the ecosystem. This week’s report highlighted that the Foundation had completed work on Smart Contract optimization with the new “create2”. It also designed anonymous transactions and completed the overall design documentation.
The team revealed that it would be working towards optimizing Practical Byzantine Fault Tolerance [PBFT] solution and improving Transportation Improvement Program [TIP] documentation. It would also develop anonymous transactions and add unit testing.
The report added that the total node count on the Tron network was 1,353, with a block height of 9.68 million. Tron DApp count reached 459, as it added 17 new DApps. As for BitTorrent, it was promoted to the 30th position as promised by Tron and BitTorrent [BTT] CEO, Justin Sun.
At press time, TRX was valued at $0.0370, with a market cap of $2.46 billion. The 24-hour trading volume of the coin was $1.24 billion, as the coin noted a fall of 7.05% over the past day. Over the past seven days, the coin reported a growth of 11.81% and continued its upward stride by 0.43% within an hour.
The post Tron’s [TRX] Weekly Report reveals Foundation’s work on Practical Byzantine Fault Tolerance solutions appeared first on AMBCrypto.
Source: AMB Crypto

Tron surpasses 3 million accounts in less than a year; TRX and BTT tokens surge by 5+% in an hour

Tron, the eleventh largest crypto by market cap, has seen a massive influx of users flocking towards it. It has been less than a year since the launch of Tron mainnet and it has already seen more than 3 million accounts.
Tron’s total accounts/addresses, at press time, tallied up to 3,004,564, and the daily increase in the number of accounts just for the month of May ranged anywhere between 9000 and 17,000.
Source: Tronscan
Moreover, the accounts at the start of 2019 stood at 1.3 million; this amounts to a 130% increase in the number of accounts in just five months.
Source: Tronscan
Additionally, it has been less than a year since the launch of Tron’s mainnet and the blockchain has already outperformed Ethereum in terms of transactions a few weeks ago. A total of 4.7 million transactions was processed in 24 hours, which was also an all-time high for Tron blockchain.
BitTorrent Token’s launch of BTFS [BitTorrent File Storage] is set on May 30, a day before the one year anniversary. According to Justin Sun, the BTFS will be “The largest decentralized file storage system”.
Justin Sun has announced via Twitter that there will be big announcement for Tron soon; after this, the price of Tron skyrocketed. The anticipation of this and approaching one-year anniversary have caused the BTT to surge 30th rank on CoinMarketCap.
In addition, the BTT was up by approximately up by 12% in a 24-hour time frame; it was up by 7.28% in less than 2 hours, at press time. Tron, however, was up by 5% in one hour.
The post Tron surpasses 3 million accounts in less than a year; TRX and BTT tokens surge by 5+% in an hour appeared first on AMBCrypto.
Source: AMB Crypto

TRON [TRX] Back to Top 10 While BitTorrent Under Top 30 – Justin Sun Hit Milestone

The prices of BTT and TRX are flourishing in the market today as the founder and CEO, Justin Sun’s commitment of bringing both his product on their deserved spot by quarter 2 – has already accomplished on May 28, 2019.
Sun’s TRX which slipped from its 10th largest spot is now back by defeating Cardano (ADA). TRX is becoming the hottest cryptocurrency on the chart of coinmarketcap. As per the data provided by coinmakretcap, TRX is up with 11.25 percent over the past 24 hours, further valuing one TRX at $0.035566 and the average trading volume $2,371,583,085.
Image Source – Coinmarketcap
Besides TRX, BTT too entered the favorable zone. At the time of writing, BitTorrent/BTT is spotted on a 29th largest spot in terms of average market cap. Although its prices are not remarkable at the moment, the coin has seen the gain of 15.44 percent over the past 24 hours. Its average trading volume counts at $383,609,020 and the value of one BTT against USD trades at $0.001808 which was $0.001578 on May 27, 2019.
Image Source – Coinmarketcap
On Monday, TRX was all set to overtake Cardano (ADA) which was counting the average trading volume of $2,340,248,670, a value too easy for TRX to surpass ADA. On the other hand, BTT was battling to defeat USD Coin (USDC) from its 30th largest spot in terms of market capitalization. Indeed both the coins captured an exciting market spot which marks the huge success to founder Justin Sun.
Also read – Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser
Is Current Prices of TRX and BTT is ‘Something Huge’ Message of Justin Sun.?
Although the market is crazily moving upward and the influencing value of Bitcoin certainly pulled other altcoins upward, BTT and TRX’s prices have undeniably something to do with Sun’s latest announcement and earlier commitment. BTT in recent times received mainstream attention and adoption across the various exchange. In past few days, Sun tweeted the upcoming listing of BTT on various platforms including BigOne exchange and kuCoin.
Image Source – Twitter
On May 26, Sun had posted an excitement tweet stating about its upcoming development. In a very less period of time, the tweet received huge attention and appreciation which drove BTT’s value again on rising figures of over 16 percent within the day.
Image Source – Twitter
Moreover, on May 27, 2019, Sun posted yet another tweet, adding
Welcome to the next generation of decentralized storage systems! #BTFS will be the largest decentralized P2P storage network with close to 100 million @BitTorrent user nodes, over 1000 #TRON full nodes, 27 SR nodes, and global #TronGrid nodes. 3 days left! Are you excited?
What’s your view on Sun’s effort of bringing back TRX and BTT on their deserving spots.? Let us know in the comment below
The post TRON [TRX] Back to Top 10 While BitTorrent Under Top 30 – Justin Sun Hit Milestone appeared first on Coingape.
Source: CoinGape

Tron [TRX] Weekly Report: Tron launches new APIs on TronGrid as it tests block broadcast optimization

The cryptocurrency market is going through significant changes every second, with the performance of most coins fluctuating consistently. Tron [TRX], the eleventh largest crypto on CoinMarketCap, failed to report significant growth in the market. However, the Tron ecosystem’s updates and developments have kept pace. The weekly report released by the Tron Foundation made note of these developmental changes taking place in Tron.
The report said that the foundation had tested the block broadcast optimization solution, and the optimization solution for energy deduction in transaction failure. However, the Foundation was still working on the on-chain rate of transactions, which were broadcasted by GPRC. The team said that they were also working on the Sun Network, for which tests were underway.
The report highlighted that developers implemented new APIs in the wallet, along with the addition of ledger side changes for backend downtime. As for uTorrent and BitTorrent clients, the devs community has come up with a prototype TronTV to test. The report made note of the launch of the new APIs.
BitTorrent saw the completion of its fourth airdrop at a block height of 9,123,823. The Foundation carried out a campaign to spread awareness about the utility of BTT tokens, alongside it being used for in-speed applications to enable faster download of files.
Even though the market was not performing as well as expected, Tron’s adoption has not been a problem. The report noted that Bitkeep wallet listed Tron and supporting the token. Tron’s value in the market was at $0.0281, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was $677 million, dipping by 3.14% over the past day. Over the past seven days, the token spiked by 13.56%. However, it slipped by 0.77% in an hour.
The post Tron [TRX] Weekly Report: Tron launches new APIs on TronGrid as it tests block broadcast optimization appeared first on AMBCrypto.
Source: AMB Crypto

BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon?

Justin Sun’s Bittorrent (BTT) is gaining momentum on the weekend. The coin is presently soaring with 26.76 percent over the past 24 hours which makes it the 39th largest cryptocurrency in terms of market capitalization.
To remind, Tron founder and BitTorrent CEO Justin Sun on May 06, 2019 gave bold TRX and BTT price predictions. He strongly stated BTT will be back under Top 30 and TRX be back to Top 10 in June. However, at that time, BTT was spotted at No. 50 with about $130 million.
Nevertheless, at press time, BTT entered a top 40th position and stand at the 39th spot with average trading volume $223,471,253. BTT’s volume is currently soaring with 29.78% within the past 24 hours – and the value counts $0.001054 against US Dollar.
Sun had acquired BitTorrent in the year 2018, following which, Tron foundation announced BTT airdrop for TRX holders in February and recently on May 11, the firm announced the completion of 4th BTT airdrop. Seeing the present scenario and Sun’s challenge, it looks like the founder had a quite greater plan coming for both TRX and BTT.
While BTT stepped up its position from Top 50th to Top 39th, TRX still strives to enter top 10. TRX at the moment stands at 11th spot with trading volume $1,811,010,850. Along with BTT, TRX also soared by 3.58% within the past 24 hours.
In addition, According to Sun’s tweet, BitTorrent (BTT)’s launch on Tron network will take place in Quarter 2, 2019 – the similar time when Sun predicted his TRX and BTT will enter the zone of top 30 and top 10.
Source: Twitter
While Q2 is already coming to an end, it is really exciting to see whether Sun’s BTT will be stepped up under the top 30th zone.! Stay tuned with Coingape to know more about this.
Image Source – Shutterstock
The post BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon? appeared first on Coingape.
Source: CoinGape

Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away

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Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away
Tron’s CEO Justin Sun provided the winners of his giveaway with a cash equivalent instead of Tesla cars. But the amount is lower than the real price.
Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away

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Source: CoinSpeaker

Justin Sun: Tron [TRX] and BitTorrent [BTT] Ranks Will Soar by Q2; Does Sun have New Plans?

The native token of major smart contract and dapp platform Tron has been down for some time now. Tron was among the top ten cryptocurrencies by the start of 2019. The asset even moved from the tenth spot to become the 8th largest cryptocurrency by market cap on Coin Market Cap within 48 hours. Those days may be long gone now, but Tron CEO Justin  Sun says Tron will be back among the top ten assets by June 2019.
BitTorrent will not be left behind
Sun made a statement on Twitter in the early hours of 7 May that sounded like a bet. In addition to bringing Tron back up among the top ten cryptocurrencies, he said BitTorrent will also be among the top 30 assets by the end of Q2. BTT is currently the 49th largest cryptocurrency while TRX recently came up to the 11th position.
BitTorrent has seen some significant price surges earlier in the year especially after its initial offering. Notably, the asset surged by 500% within a week in early February and has been among the top performing assets since then. TRX, however, has not been doing very well but is now on its way up too, thanks to the ongoing green market that is carrying everyone along.
Also Read: USDT-Tron Stablecoin Launched on the Tron Network by Tether
Does Justin Sun have plans we don’t know about?
The Tron CEO said at the beginning of the year that he had programs lined up that will make Tron a top blockchain platform. Some of the programs he has implemented so far are the Tron Accelerator Program which was intended to lure developers to Tron. So far, the platform has recorded significant progress with the number of dapps, smart contracts, and daily active users since the Accelerator program. As at last week, the platform had 400 dapps and nearly 900 smart contracts.
Things have not been very good for TRX all the same, does Sun have other plans we are yet to know about that can push Tron and BTT up the ladder to make such promises of bringing these assets up within about 2 months? Only time will tell.
The post Justin Sun: Tron [TRX] and BitTorrent [BTT] Ranks Will Soar by Q2; Does Sun have New Plans? appeared first on Coingape.
Source: CoinGape

1.65 billion BitTorrent Tokens worth $1.04 million transferred from an unknown wallet to Binance

A user transferred BitTorrent Token from an unknown wallet to a wallet on Binance. The user sent 1.65 billion BTT, worth approximately $1.04 million [$1,045,068].

1,650,000,000 #BTT (1,045,068 USD) transferred from unknown wallet to #Binance
Tx: https://t.co/jUxXnBg1jG
— Whale Alert (@whale_alert) May 5, 2019

The transfer took place at 03:16 UTC, on May 5. The sender, at press time, had no tokens in balance, however, the wallet had 0.1 TRX.
Source: WhaleAlert.io
Interestingly enough, the receiver has a total of 280 million in Tron [TRX]. In addition to TRX, the receiver had a massive collection of BitTorrent Tokens; a total of 39.11 billion BTT, among other tokens. The user had approximately 41 trillion ‘TESTTWO’ tokens, 1 trillion ‘like’ tokens, 1 billion ‘TronKey’ tokens, and more.
BitTorrent is a TRC-10 utility token based on the TRON blockchain to foster faster speed on the world’s largest decentralized application. In addition, the official website for BTT stated:
“BitTorrent Speed enhances the BitTorrent protocol for all users and all torrent clients. BitTorrent (BTT) tokens can be bid in exchange for faster downloads. Tokens will be stored in a built-in wallet and can be exchanged for TRON (TRX) tokens through a decentralized exchange.”
The token is listed on a few prominent exchanges in the space, including Binance, Bittrex, OKEX, Huobi HitBTC, and Bithumb, among others. BTT, at press time, was priced at $0.0006 and had a market cap of $131 million. The token was ranked 50 on CoinMarketCap.
A Twitter user @crazeonc tweeted:
“Someone planned to unload his BTT airdrop at binance coz that’s the shit coin ”
Another Twitter user @barirayban commented:
“No Justin, don’t dump on your followers..”
The post 1.65 billion BitTorrent Tokens worth $1.04 million transferred from an unknown wallet to Binance appeared first on AMBCrypto.
Source: AMB Crypto

Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem
Recently, TRON has partnered and acquired various leading firms in the blockchain arena in an attempt to create the best infrastructure for a practically decentralized Internet. Now the company takes over blockchain App store CoinPlay.
Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Source: CoinSpeaker

Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service
New BitTorrent Live streaming service will let users create their live content and find other people with similar interests.
Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Source: CoinSpeaker