ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

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ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

Having entered in a partnership with Tron, ABCC crypto exchange has become the first exchange to list tokens based on TRC10 technical standard.

ABCC Exchange Partners with Tron Becoming the First Trading Platform to List TRC10 Tokens

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Source: CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Source: CoinSpeaker

OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

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OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

Licensed exchange now offers Argentine peso funding to trade with several major cryptocurrencies, other Latin American fiat currencies coming soon.

OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

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Source: CoinSpeaker

OKCoin announces new trading pairs that include stablecoins, indicating growth

On 24th August, OKCoin announced that it had decided to include new trading pairs into its fold with the company releasing a report stating that the move will allow users to trade against Convertible Virtual Currencies, Fiat and Stablecoins such as Bitcoin [BTC], Fiat, Tether [USDT], and TrueUSD.
Tether and TrueUSD is the first set of stablecoins that has been introduced into the OKCoin. Stablecoins are basically assets that are pegged to an unchanging asset so that it does not fluctuate in the market.
Tether [USDT] is the most popular stable cryptocurrency which is always backed 1-to-1, by the traditional fiat currency. Basically, 1 USDT would always be equivalent to 1 USD. The Tether platform is developed on an open, secure, and transparent blockchain technology. At the time of writing, Tether was trading at $1.0 with a slight increase of 0.06%. Tether is currently at the 8th position with a total market capitalization of about $2.79 billion.
TrueUSD, as the name, suggests it can be a true equal to the US Dollar, but it is a relatively new coin in the market. TrueUSD is another market pegged decentralized cryptocurrency which is completely collateralized by US Dollar. The team explains that since it is legally protected, it can be used and redeemed against the USD in a number of stores and ATMs.
OKCoin was also in the news recently when a lawsuit was filed against it by a Chinese cryptocurrency investor who alleges that he has not received Bitcoin Cash [BCH] that was meant to be airdropped after the soft fork that occurred in August of 2017. This marks the first lawsuit related to a fork of Bitcoin in the court of Beijing.
The investor stated that the Bitcoin Cash that was entitled to him, which approximately comes up to 38.748 tokens, which were not deposited in his account. OKCoin said that this was because he did not claim the coins in time. This resulted in the investor suing the exchange to the tune of $25,000 or 169,969 Yuan.
The post OKCoin announces new trading pairs that include stablecoins, indicating growth appeared first on AMBCrypto.
Source: AMB Crypto

Tron ERC20 [TRX] token can now be deposited on Binance for conversion

On 23rd July, Justin Sun, the founder of Tron [TRX], made an official announcement on his Twitter post regarding the deposit of ERC20 TRX tokens on Binance.

It is said that Binance will automatically convert the ERC20 tokens to TRX20 tokens. Token holders are required to send their ERC20 TRX tokens to the previous Ethereum [ETH] platform deposit address.

Justin Sun in his Twitter post said:

“#TRON $TRX If you need to deposit ERC20 TRX tokens to @binance please send these tokens to your existing #ETH deposit address. @binance will automatically convert these ERC20 tokens to #TRX mainnet tokens for you.”

TRX token trading on Binance | Source: Binance website/Justin Sun

TRX token trading on Binance | Source: Binance website/Justin Sun

After the migration of Tron from ERC20 to TRX20, unlike Binance all the exchange platforms had listed the new token TRX20. On 10th July, Binance completed the swap of TRX tokens.

Post the migration of Tron [TRX] tokens from the Ethereum platform, Justin Sun announced the burn of 49 billion TRX ERC20 tokens in its third batch from June-July.

Fashion Bible, a Twitter user said:

“Thank you Justin for it) Love you)”

Another Twitter user, Titan, said:

“Price getting rediculously low on BTC pairing now. This has to improve now or it will be a mass exodus!”

Additionally, on 23rd July, OKCoin announced the completion of Tron’s [TRX] Mainnet swap. The token holders of TRX20 are asked not to deposit their tokens on ERC20 based TRX address as its existing address will be discarded. Users are required to make payments on the newly issued address.

Justin's tweet about Tron's Mainnet upgrade | Source: Twitter

Justin’s tweet about Tron’s Mainnet upgrade | Source: Twitter

The token holders need to be careful if the TRX token has switched to the Mainnet while withdrawing from other exchanges. Traders have also been warned that the token may be lost when transferring the password between the exchange where the Mainnet conversion has been completed.

A new TRON address will be issued after switching to the Mainnet. The TRX address starts with the letter ‘T’.

OKCoin on their official website said:

“Please be cautious about the transfer of the password between the exchange where the main net conversion has been completed and the non-convertible exchange, as this may cause loss of all assets, and OKCOIN is not responsible for the loss of your assets.”

Jayme Genz, a Twitter user said:

“Yet another day and your coin continues to go down in value. Great times ahead”

Brent Sprinkle, a crypto enthusiast said:

“I Want to buy TRX at 220 sats…come on TRX…move the price down !”

The post Tron ERC20 [TRX] token can now be deposited on Binance for conversion appeared first on AMBCrypto.

Source: AMB Crypto