Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange

Okex and Huobi Global have added support for USD Tether pegged to the US Dollar built on Tron. Tron Foundation built the ‘stable coin’ collaboration with Tether. Currently, the two Exchanges support three stable coins markets USDT-Tron (TRC20), USDT-OMNI, USDT-ERC20 (Ethereum). The token will be launched on 30th April 2019 on the Okex and Huobi Global Exchanges.
According to the press release by Okex:
In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders.
…It has a TRON deposit address and uses the TRON network for depositing and withdrawal.
Rewards for Early Adopters and Tron’s Growth
The annual percentage return (APR) of the USDT-TRON token has been designed to give out rewards for its early adopters. The initial APR is 20% which will, however, reduce with time. Nevertheless, the program is supposed to roll out investments for a total of 100 days. The total amount of incentives will be $20 million. The incentives will be rewarded in USDT-TRON only.
Justin Sun has implored the users of the Exchanges to adapt to swap from USDT-OMNI – USDT-TRON.

#Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT
— Justin Sun (@justinsuntron) March 21, 2019

The Stable coin will be available on major exchanges, and the reward programs are lucrative. Therefore, the number of transactions on the Tron Network would increase significantly. Tron has built a vibrant ecosystem for Dapps and issuing digital asset. The move will foster the growth of Tron. It will also help the exchanges take advantage of the transaction capabilities of Tron which is considerably cheaper than Ethereum currently.
The returns proposed by ARP are highly lucrative. Will you swap your stable coins to earn the rewards? 
The post Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange appeared first on Coingape.
Source: CoinGape

TRON – Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs

TRON (TRX) keeps on rolling with the newest adoption across various trading platforms. Announced on March 19, ADAX, Dubai based digital asset exchange-listed TRX against three trading pairs – namely, USDT, BTC, and ETH.
Powered by Arabtizor Holding Inc., as an online portal, ADAX or Arab Digital Asset Exchange is an online crypto exchange in the Arab world. The exchange supports minimum cryptocurrencies on its platform – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO (NEO), XRP, Qtum (QTUM) and Ethereum Classic (ETC). Per the recent announcement, ADAX users can now access to 10th largest cryptocurrency, TRX with pairs of USDT, BTC, and ETH.

We are delighted to announce $TRX @Tronfoundation @TRON_AR as one of the leading digital assets listed over ADAX Bitcoin Exchange against 3 pairs: TRX/USDT, TRX/BTC and TRX/ETH
— ADAX (@ADAXarabia) March 19, 2019

Justin Sun’s TRX is on the booming era of adoption – as such, Coingape recently reported ABCC exchange was the latest to add TRX on its platform. Following ABCC partnership with Tron foundation, TRX is now available of ABCC exchange as a base trading currency.

Thank you @CoinGapeMedia for covering the latest developments in the ABCC and @Tronfoundation partnership! #TRX has been added as a base trading currency, with more TRON projects expected to come onboard ABCC! Read the article for more
— ABCC Exchange (@ABCC_Exchange) March 19, 2019

With the continuous listing announcement by platforms like ABCC, ADAX and NovaDAX South American exchange, TRX at the moment sits at the 10th spot, gaining 0.26 percent over the past 24 hours. As such the value of one TRX crypto counts  $0.02 and the average market cap valued $1,534,562,066.
                              Image source –
So readers, what do you think of TRX being listed on ADAX exchange? share your thoughts with us. 
The post TRON – Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs appeared first on Coingape.
Source: CoinGape

Tron’s [TRX] Justin Sun says competing with Vitalik Buterin was good for cryptosphere

Mass adoption has been the cryptocurrency market’s key focus area for quite some time, with several proponents of the space reiterating the same as well. The most vocal luminaries of the cryptosphere have been Justin Sun, the CEO of the Tron Foundation, and Vitalik Buterin, the Co-founder of Ethereum.
In a video uploaded by CNBC’s Cryptotrader, Ran NeuNer spoke about the Token 2049 conference that included seminars by Justin Sun, as well as Vitalik Buterin. Justin Sun spoke not only about the organisation’s plans to bring more users to its fold, but also about the Foundation’s future. The Tron CEO talked about his ongoing tussle with Vitalik Buterin, candidly admitting that the arguments between the two have produced good developments for the space. In his words,
“The competition between the both of us is for the good of the space. We have also noticed that only good progress comes out of our talks.”
Sun also revealed that the Tron Foundation had roped in 5000 developers this year, with many more in the pipeline. He was asked whether his company’s multiple updates was a marketing ploy, to which Justin Sun replied that it was not the case. He said,
“The Tron blockchain has a better department, is faster and has a lot more users compared to the OMNI blockchain. You also have to understand that the transactions on the Tron blockchain are free.”
Admitting that mass adoption was a challenge, Sun said that the arrival of BitTorrent was a major boost with its user base of more than a 100 million active users. According to Sun, the 100 million users in the BitTorrent ecosystem have been integrated into the Tron ecosystem. The Tron Foundation official added,
“It is not just the number of user but it is also about the core developments that is happening in Tron. We have real TPS and real transactions with 3-5 DApps coming into the Tron blockchain everyday.”
Tron’s DApp development was also elaborated about in the Tron weekly report recently, which said that the market favoured gambling apps, and the ROI Apps, a high risk application.
The post Tron’s [TRX] Justin Sun says competing with Vitalik Buterin was good for cryptosphere appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Weekly Report: Justin Sun-led company reveals DApp numbers and BTT airdrop statistics

Tron [TRX] and Justin Sun, the Chief Executive Officer [CEO] of the Tron Foundation, capture headlines regularly due to the sheer number of developments in the roster. This was made clear by Tron’s latest weekly report, which touched on the happenings within the Tron spectrum.
Tron announced that it had designed the deferred transaction model, and finished the update on the solidity compiler version. The company also revealed that a wallet feature for anonymous transactions was being developed, along with sidechain infrastructure for smart contracts.
The weekly report did not fail to talk about BitTorrent, one of Tron’s biggest acquisitions. The report stated,
“BTT is now listed on 35 exchanges including Binance, OKEx, Bittrex and Huobi. Other exchanges included Coinsport, BitForex, Changelly and Bitpie.”
Tron further talked about the second Tron airdrop which oversaw the distribution of 990,000,000 BTT, in less than 3 hours. One of Tron’s main forte is the Tron Developer Community and in terms of TronGrid, the API layer reported that the TrongGrid JS testing was successfully completed.
Data architecture layer resolved database deadlock and overwrite, and implemented read API for accounts/assets. The Block parser layer performed an integration test for accounts and assets, while the data output from the new event plugin was investigated.
Tron was also in the news recently when a DApp review stated that on 16 March, the transaction volume for Tron was more than that of Ethereum and EOS combined. The tweet read,
“As we forcasted on yesterday’s tweet, #TRON volume txn surpass $100 million on Mar 16, namely 5 times more than the sum of #ETH and #EOS.”
Tron posted $102.685 million worth of transactions, while EOS and Ethereum combined held a total volume of $19.601 million. Post the revelation, users in the community expressed their joy, with one Twitter user commenting,
“Often true fundamental value for an asset is not realised until some time later…. $trx should be worth a lot more than what it is at the moment but in due time I think it will re-rate.”
The post Tron [TRX] Weekly Report: Justin Sun-led company reveals DApp numbers and BTT airdrop statistics appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March

ABCC Exchange announced the addition of TRX as a new quote currency on the platform. The latest development unfolded two months after Tron’s collaboration with ABCC. The digital asset exchange platform also revealed the listing of the TRX token pairs on its platform. The blog stated:
“The latest Tron [TRX] brings about the listing of BTT/TRX, IGG/TRX, SEED/TRX, TERC/TRX, and VENA/TRX.”
Following the addition of Tron’s native token, TRX on ABCC, Tron’s Founder and CEO, Justin Sun tweeted,
“We are excited to see @abcc_exchange adding #TRX as basic trading pair on Monday! Write them what you want to list on #ABCC.”
The ABCC team further announced the launch of an unspecified campaign to celebrate the TRX trading pair on the exchange’s platform. ABCC, whose native token is AT and has Basic and ABCC Pro incorporated to its trading platform.
The exchange platform has a user base of over 120 countries and communities and had partnered with Tron in January 2019. This marked ABCC as the first crypto trading exchange to list tokens based on Tron’s TRC10 technical standards.
According to the Tron developer’s network, the technical token standard, TRC-20 is supported by Tron’s blockchain natively and is used for implementing tokens with the Tron Virtual Machine [TVM]. TRC-20 is fully compatible with ERC-20.
Additionally, the Tron community also gained traction after recording $31 million in user spending on its DApps. The Tron network surpassed 2 million mainnet user accounts.
In the first week of March, Tron registered a transaction amount greater than that spent on EOS and Ethereum DApps combined, accounting for a staggering $46 million. The amount spent on EOS and Ethereum DApps stood at $11 million and $2 million, respectively. Last week, two new DApp games on the Tron blockchain BlockchainCutie and Chibi Fighters were leading in a report by Crypto
At press time, Tron’s native token TRX, the tenth-largest crypto asset by market cap was priced at $0.023 and recorded a trading volume of $178.9 million in the past 24-hours. TRX held a market cap of $1.57 billion and exhibited a major bull run.
The post Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March appeared first on AMBCrypto.
Source: AMB Crypto

Exclusive: Why Tron CEO Expects Bitcoin, Crypto Assets To Rally In 2020

By many measures, the cryptocurrency space is doing as well, if not better than ever. Spencer Bogart of Blockchain Capital recently told Bloomberg that a serious argument could be made that Bitcoin (BTC), not a flashy U.S. public stock or volatile forex derivative, is the most tantalizing asset on the world at the moment.
While the news cycle would reflect this sentiment quite well, with the launch of Samsung’s consumer-facing crypto offering, Fidelity’s Bitcoin custodian, and similar products, Tron’s Justin Sun doesn’t expect a rally. Or at least not yet.
Related Reading: Bitcoin Volatility Dives as BTC Price Remains Stable Around 3,900, But Further Losses May be Imminent
Tron CEO Expects A Boring 2019 Crypto Price-Wise
Since BTC has seemingly found a bottom in late-2018, falling to $3,150 in a rapid turn of events, many have ironically asked the following pressing question: when will cryptocurrencies moon?
Per the chief executive of world-renowned blockchain Tron, who spoke to NewsBTC in an exclusive interview, the moon that some are waiting for isn’t as close as some expect. Justin Sun explains that while he is effectively 100% positive that lower lows for this budding market are impossible due to underlying industry development, investors calling for a 2017-esque rally are likely pushing it. Sun, an alumnus of Ripple Labs, explains:
“I don’t think that there will be a bull run like the one seen in 2017. So I think that this year will be one of construction, in terms of the infrastructure and a time for everything to get time to build better developer products.”
And with that in mind, he concluded that more likely than not, Bitcoin will range between $3,000 to $5,000 for a majority, if not all of 2019. Sun was unclear about whether a move, even fleeting, above the auspicious $5,000 price point would be possible.
Regardless, the Chinese cryptocurrency guru is far from the first to have made a call in this nuanced vein. Anthony Pompliano, the head of Morgan Creek Digital, has told a number of outlets that while BTC falling to $2,500 is within the realm of possibility, especially considering market “froth,” the asset will trade between $2,500 to ~$5,000 for much of 2019.

Legendary venture capitalist Fred Wilson once issued a similar comment. The co-founder of Union Square argued through his personal blog that while the development of startups is likely to be a large trend for 2019, BTC will likely not undergo any large movements in the coming nine months, and could totally end the year where it started.
Bitcoin Block Reward Slash To Spark Surge
While Tron’s fervent leader is under the impression that Bitcoin will move lethargically over 2019, he believes that 2020 will be when the crypto ecosystem truly sees a noticeable, rapid change in tides. In response to an inquiry about the effect of Bitcoin’s impending block reward reduction — best known as the “halving” or “halvening” — could play over the market, Sun notes that it will be positive without a doubt.
The fact that Litecoin, whose halving will activate in the coming months, has already seen extremely positive movements to the upside sets a convincing precedent for BTC to run off its issuance shift, Sun tells us. As to when exactly halving speculation would kick in and what effect such an event would have on cryptocurrencies en-masse, the Tron CEO couldn’t give a definitive answer.

Crypto Investor Urges Consumers to Accumulate Bitcoin Before Halving, Rally Expected? Bitcoin is 15 months away from its next block reward halving and BTC's network recently underwent a -25% difficulty adjustment.
— NEWSBTC (@newsbtc) February 5, 2019

But, considering the consensus thought of many Twitter analysts, an uptick in the market caused by hype for the halving could arrive a minimum of six months before this key point in Bitcoin’s decade-long history, in late-2019. And in terms of price action, $8,000 by the date of the halving has been floated, due to both historical and fundamental factors.
Even if Bitcoin goes against the norm and investors expectations, failing to react to bullish community sentiment on the halving, Sun remarks that there are a number of other developments to be bullish about in this space.
He looks to the monumental growth in the Lightning Network, caused in large part by Twitter’s Jack Dorsey, and Tron’s ongoing implementation of BitTorrent, which Sun claims will bring 100 million users to the cryptocurrency space. In other words, “2020 will be a really good year for the industry overall.”

A majority of the attendees of Asian cryptocurrency conference Token2049 that NewsBTC spoke to would confirm the importance of 2020, as by and large, this is when insiders truly expect for this fledgling economy to start spreading its wings once again.
Featured Image from Shutterstock
The post Exclusive: Why Tron CEO Expects Bitcoin, Crypto Assets To Rally In 2020 appeared first on NewsBTC.
Source: New

Tron CEO Justin Sun: Bitcoin [BTC] and other cryptocurrencies have a bright future

Tron [TRX] and its Chief Executive Officer, Justin Sun, has made it a mission to make mainstream adoption of cryptocurrencies possible, by releasing several updates and partnering with multiple organizations.
In a recent interview with CNBC, Justin Sun spoke about the future of cryptocurrencies and how it will benefit younger generations. Sun stated that Bitcoin [BTC] and other digital assets have a very bight future, especially since companies like JP Morgan and Facebook jumped on the bandwagon. Sun said,
“A lot of people believe in the functionalities of cryptocurrencies with the main examples being Jack Dorsey and Elon Musk. It is a good opportunity for younger generations to get into the field especially at a time when the Lightning Network and other such Layer 2 technologies are becoming popular. We are facing the next wave of the internet.”
The CEO further touched upon the Q2 acquisition of BitTorrent, a move aimed at bringing in millions of users to the Tron network. He was also frank in admitting that the coin’s market cap and valuation was not something he focused on. In his words,
“Basically valuation and the market cap is just the surface of the business. The main focus of the Tron Foundation is business, technology and the exciting things on the Tron network right now.”
Tron was in the news recently after the Foundation listed out the advantages of Tron-USDT over OMNI. Tron had tweeted,
“TRON’s partnership with @Tether_to to bring $USDT on the #TRON blockchain will make transactions faster and free, and provide more use cases. This is a significant improvement from the last generation of stable coins like Omni.”
Tron’s official association with Binance CEO Changpeng Zhao was also made evident, after he called Binance Coin, the new Bitcoin.
The post Tron CEO Justin Sun: Bitcoin [BTC] and other cryptocurrencies have a bright future appeared first on AMBCrypto.
Source: AMB Crypto

Tron’s BitTorrent [BTT] sees major slump; falls by 5.64%

Tron’s BitTorrent [BTT] has been gaining popularity amongst the masses ever since its launch and the Chief Executive Officer of the Tron Foundation and BitTorrent, Justin Sun, has managed to keep up the hype surrounding the token, despite its falling price.
Source: TradingView
BTT, at press time, was valued at $0.0007 and reported a 24-hour trading volume of $39.83 million. However, the coin fell by 5.64% over the past day and has since been trying to recover. The coin was undergoing market correction at press time and was up by 1.06% over the past hour. Over the week, the token ranking 1,783 on CoinMarketCap list reported a fall of 1.20%.
The token was highly traded on Binance Exchange, one of the largest cryptocurrency exchanges in the world. BTT recorded a total trading volume of $10 million for the BTT/USDT trading pair and a volume of $8.6 million with the BTT/BTC pair on Binance. UPbit noted a trading volume of $9.5 million with the BTT/KRW pair.
BitTorrent recently concluded its second round of the BTT airdrop for TRX holders on various exchanges and wallets. Along with these airdrops, three new incentive programs have also been planned for BitTorrent and uTorrent users, partners, and ecosystems. These three incentives are User incentives, Partner incentives, and Ecosystem incentives.
Each of these programs is designed to increase the adoption of the newly-launched coin and benefit investors. Under user incentives, BitTorrent plans to educate its people about why it’s crucial to invite more investors and spur wider adoption. This incentive was driven by only a handful of the company’s 100 million monthly users holding Tron [TRX] or BitTorrent [BTT] tokens. The company plans on offering incentives to all clients using its protocol, while offering to be the largest open-source P2P download protocols in the world, under the Ecosystem incentive.
According to the Tron Weekly report, BitTorrent [BTT] has been listed on 35 exchanges and under the partner’s incentive, the company plans on adding multiple wallets and exchanges that will support the token.
The post Tron’s BitTorrent [BTT] sees major slump; falls by 5.64% appeared first on AMBCrypto.
Source: AMB Crypto

Tron’s [TRX] market volume tops combined volume of Ethereum [ETH] and EOS across two days

Tron [TRX] and Justin Sun, CEO and Founder of the Tron Foundation, have both made it a point to integrate the concept of mainstream adoption with every update and development from the Tron roster. This move seems to have paid dividends for the tenth-ranked cryptocurrency, according to a recent post by Justin Sun.

A report from DApp Review showed that between March 3 and March 5, Tron’s transaction volume was more than the combined value of its two biggest rivals, EOS and Ethereum [ETH]. The value of Tron was a whopping $43.616 million, while EOS and Ethereum clocked $11.617 million and $4.408 million respectively.
However, several critics of the cryptocurrency have disputed this claim. @rektkid, a Twitter user, was one of them. He tweeted,
“EOS literally has 10x the trading volume of TRX though.”
To this, another user retorted,
“Because people are actually suing the Tron Foundation tokens instead of trading them.”
The Foundation’s weekly DApp report further proved that Tron aimed to completely dominate the DApp market. The report stated:
“According to , as of this week, #TRON has over 187 #Dapps with more than 464 smart contracts. There are 10 decentralized exchanges (DEX) on TRON, 6 collection games, 40 tool Dapps and 4 candybox projects. #TRX $TRX”
Over the last week, the Foundation captured headlines with its partnership with Tether [USDT]. The tie-up between the TRC20 token and USDT claims to provide better interoperability and functionality on the Tron network. Justin Sun later stated that the partnership is likely to leave Omni in the dust. Sun further elucidated on the partnership, stating,
“First of all, USDT Tron will offer the liquidity in Tron decentralized exchange. Second, USDT Tron will offer TRX holder, a new way of value storage. Third, USDT Tron will provide the DApp users, a new way to play DApps, which also minimize the risk of the cryptocurrency. Fourth, USDT Tron will give Tron blockchain new legitimacy and the increase the confidence of the institutional investor in that show.”
The post Tron’s [TRX] market volume tops combined volume of Ethereum [ETH] and EOS across two days appeared first on AMBCrypto.
Source: AMB Crypto

Binance Coin Jumps 13% while Silent Crypto Project ABBC Coin Flies to the Moon with 65% Gain


Binance Coin Jumps 13% while Silent Crypto Project ABBC Coin Flies to the Moon with 65% Gain

Binance Coin (BNB) has lived up to expectations by climbing into the top 10 cryptocurrencies list. The coin climbed to the 7th position and registered a significant gain.

Binance Coin Jumps 13% while Silent Crypto Project ABBC Coin Flies to the Moon with 65% Gain

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron’s Justin Sun calls Binance coin [BNB] “new Bitcoin”

Binance established itself as the largest cryptocurrency exchange in the cryptosphere, and its token, Binance Coin [BNB] has lived up to expectations by climbing into the top 10 cryptocurrencies list. The coin climbed to the eighth position and registered a significant gain.
Forbes, a prominent publication, acknowledged the exchange’s performance along with the soaring token. This post was shared by the CEO on his Twitter social media handle.
Source: Twitter
Tron foundation’s CEO and founder, Justin Sun congratulated CZ for the achievement and called BNB the “new Bitcoin.” Sun was quoted saying,
“Huge Congrats on $BNB, a new #Bitcoin.”
Binance has been growing in popularity and Mati Greenspan, eToro’s senior analyst, had spoken about its industry dominance earlier. Greenspan said,
“Binance coin has been able to buck the crypto correlations principally because people buy it as a way of speculating on industry growth. If the markets are moving it means people are trading, and Binance has a big share of those volumes.”
At the press time, BNB was valued at $13.47 with a market cap of $1.9 billion. The token registered a 24-hour trading volume of $158 million while noting a growth of 0.44%. The coin noted a 37.7% rise in its price over the past week but has dipped by a minimal 0.28% over the past hour.
The token was highly traded on its parent exchange Binance, as it registered a cumulative volume of more than $100 million with BNB/USDT and BNB/BTC pairs. P2PB2B came close to Binance as it registered a volume of $10 million on the BNB/BTC pair.
The post Tron’s Justin Sun calls Binance coin [BNB] “new Bitcoin” appeared first on AMBCrypto.
Source: AMB Crypto

Binance Coin [BNB] Jumps Ahead of Tether [USDT] as It Inches Toward $15 Mark

Well the fabulous move on Binance Coin continuous to move forward as the coin has taken over Tether now to grab the 7th place on the list of coins ranked by their market caps. In very early morning Asian trades, the coin inched towards the USD 15 mark with a gain of over 6%
Is Binance Coin the “New Bitcoin”? Well that’s what Justin Sun says
Binance coin has been the talk of the town for over a month now as the coin has been one of the top performers of 2019. Starting the year at a low of USD 5.90 in January the coin has been on a relentless rally. And now a couple of months later, the coin now sits at USD 14.55 with a surge of nearly 150 % which by far has out performed the market.
In terms of ranking the coin did not feature even in the top 30 being ranked at 31 of the list of coins arranged by largest market cap. But thanks to the rally, the coin has moved to a all time high position of 7th. This rally has been appreciated by many in the industry including Justin Sun of Tron calling BNB coin the new Bitcoin

Huge Congrats on $BNB, a new #Bitcoin❤
— Justin Sun (@justinsuntron) March 5, 2019

Mati Greenspan also tweeted about BNB’s rally and also mentioned that how its become a darling of traders over last two day with Mati himself holding positions on the coin.

Closed my 2nd trade on $BNB. Still holding a small position for long term, but need to take some profits after a rip like that.
#1 coin in my portfolio is now $LTC followed closely by $ETH.
This is not trading advice!!
— Mati Greenspan (@MatiGreenspan) March 6, 2019

BNB doing things right fundamentally
Although the rising volumes across exchanges are the larger contributor to this rally, one thing that is proving to be a catalyst to this BNB’s rise is the coin is doing everything right fundamentally. The launch of Binance DEX the company’s new decentralized exchange that utilizes BNB as a base pair, has got everyone’s interest into the exchanges native coin.
According to CZ, more than the Binance DEX, it’s the coins increasing use cases, probably larger than any other coin, is actively pushing for the adoption of BNB in the real world, with an increasing number of platforms announcing support for the coin in recent months. A tweet in November had highlighted the coins rise amongst platforms when the exchange had launched a #USEBNB challenge

New use cases for $BNB are popping up every day! Show how you can #useBNB – and get creative!
20 BNB will go to each of the top 10 videos ranked on Twitter by number of retweets + comments + likes. Read more on the contest here:
— Binance (@binance) November 4, 2018

CZ recently conducted AMA session which also reassured that the coin was doing everything possible to reach the top and Binance was also providing every ingredient of its growth. The full video could be found here
— Binance (@binance) March 5, 2019

Rally is Good But BNB, not a security token
While all looks great for the coin, a few analysts on the street caution the BNB is a utility token and not a security token and hence all the profits that Binance makes from BNB use case will stay with Binance and not distributed to its holders as dividends. CZ too had tweeted and clarified it

No, that would make #BNB a security, and you don't want that.
— CZ Binance (@cz_binance) March 4, 2019

Mati Greenspan, while making profits on trades with BNB, cautioned people about the same

Friendly reminder: Yes, it's fun to trade on $BNB momentum. Please remember that it is a utility token. It is not a security and does not give you shares in Binance profits. Nor is it a money coin with mass adoption.
That is all. Stay safe.
— Mati Greenspan (@MatiGreenspan) March 6, 2019

As the crypto traders are speculating that volumes in BNB will continue to grow and that Binance will maintain a significant share of those volumes, the coin is seeing this rally. But the caution of BNB being Utility token can halt the rally once the volume starts dropping.
How long do you think the BNB rally will continue? Do let us know your views in the comments.
The post Binance Coin [BNB] Jumps Ahead of Tether [USDT] as It Inches Toward $15 Mark appeared first on Coingape.
Source: CoinGape

Max’s Corner 5: Hard Fork Special


Max’s Corner 5: Hard Fork Special

With all the buzz going around about hard forks this week we thought it would only be fitting if we dedicated this week’s column to the three biggest hard forks on our radar.

Max’s Corner 5: Hard Fork Special

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron’s Justin Sun announces another plan for BitTorrent and Tron users following hard fork

Tron [TRX] launched its much-awaited hard fork on 28 February and the Tron community has largely embraced it. The Chief Executive Officer and the Founder of the Tron foundation, Justin Sun, announced,
“We will announce a plan to bring 1 billion #BitTorrent ecosystem users into #TRON and #BTT world with more partnership support! $TRX #TRX $BTT.”
The Tron community has been open to developments in the space and the coin was noting a bullish adoption projection, but Justinas Kairys, blockchain developer and cybersecurity consultant questioned the move declared by Sun, saying,
“I am sure there is a mistake in calculation here. We only have 7 billion ppl on the planet. As a comparison, YouTube or Facebook has 1.6 – 1.8bln users. Netflix 135mln.”
Kairys was not the only one doubting the number announced by the founder and CEO. Crypto Guy, an investor, asked Sun,
“7 billion people on the planet and 3 billion arent fortunate enough to have clean water or sanitation. Youre telling me that 1/7th of the entire world population will join the ecosystem. We are at 2.3 cents still! Doesnt look like any bittorent users joined with their 100M users!”
However, BitTorrent’s website mentions that the platform has over 100 million users. At the time of press, TRX and BTT were falling. TRX was valued at $0.02283 with a market cap of $1.52 billion, while noting a 24-hour fall of 3.86%. The coin registered a dip of 8.98% over the past week. TRX was highly traded on BitMart, registering a trading volume of $33.55 million via the TRX/USDT trading pair.
BTT on the other hand, was valued at $0.0007 with a 24-hour trading volume of $28.69 million. The token noted a fall of 4.53% over the past day while plunging by a massive 20.06% over the past week. The coin’s highest trading volume was noted to be $9.83 million, via the BTT/USDT trading pair on Binance.
The post Tron’s Justin Sun announces another plan for BitTorrent and Tron users following hard fork appeared first on AMBCrypto.
Source: AMB Crypto

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades


TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

The new Tron hard fork brings concrete improvements like 50% improved network performance, multi-sig features, better safety, and dynamic energy adjustment.

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

Continue reading at Coinspeaker
Source: CoinSpeaker