TronWeekly

Crypto World News

You are here: Home / All Posts

All Posts

The Singapore-based crypto exchange Zipmex lists XRP, EOS, and Litecoin

by

A fully licensed Singapore-based digital asset exchange, Zipmex has taken a giant stride forward with the announcement of the addition of Litecoin (LTC), Ripple (XRP) and EOS (EOS) to their trading platform. Like many other asset exchanges, Zipmex is doing all it can to make its presence felt in the crypto community, and there’s no better way than increasing numbers on the platform.

Growing the Trading Board

The addition of LCT, EOS, and XRP means that Zipmex has expanded its trading board which initially consisted of mainstay tokens Bitcoin (BTC) and (ETH). The platform will be supporting fiat pairings of Ripple, Litecoin, and EOS, too. The fiat pairings to be supported will be LTC/USD, EOS/USD, and XRP/USD.

Subsequently, the addition implies that the coins will be paired with both ETH and BTC. However, the growing asset exchange is yet to announce a detailed listing as well as deposit schedule.

Zipmex’s primary focus is to provide retail as well as institutional investors with the ability to securely invest in cryptocurrencies. Alongside the advanced trading features and the charting tools, it also provides the clients the access to the OTC market.

Therefore, it’s almost a no-brainer that the expansion of their trading will help to create a more vibrant ecosystem whereby they provide their users with a channel to sell or buy EOS, LTC, and XRP seamlessly.

In addition to the fact that Zipmex have strong local investors as well as advisors like AEC Securities, and InterVentures Asia (SEA) and solid partnerships with most established companies like EOSIOSG and Deloitte, they stand a better chance now of pushing to becoming among the best asset exchanges.

For now, the XRP, Litecoin, and EOS addition is good news for Zipmex and the respective tokens’ communities, but we can’t tell what the future holds for them – only time will tell.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Justin Sun: Forget the bearish trend, Bitcoin and crypto industry have a bright future

by

Justin Sun, one of the enthralling figures in the crypto-mania and the CEO of Tron, the 10th largest cryptocurrency in the world at the moment, has enforced his opinion that cryptocurrency and blockchain are the technologies that future generations are going to own.

In his recent interview with the leading American news channel CNBC on March 13, Justin Sun, talked about the blockchain technology, cryptocurrency and Bitcoin (the mother of all cryptocurrencies) saying that despite the certitude that big guns of the investment industry like Warren Buffet and Howard Marks are in the critics of Bitcoin, he’d opined that “cryptocurrencies are more of a technology than a business opportunity”.

During the discussion, while talking about the current situation of the market (which is not that great due to the longest bearish trend recorded so far), Sun noted he is the firm believer of the fact that younger generation’s interest about cryptocurrencies has remained unaffected.

In support of his statement he mentioned about the Bitcoin’s scaling solutions, most importantly the Lightning Network, which makes the cryptocurrency more than able to formulate the internet evolution. In his words:

“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.”

During the interview, while speaking about the concern of increasing blockchain technology mass adoption he grabbed the opportunity to flaunt about some of his projects where his team is focusing on the integration of the cryptocurrency and blockchain on its file-sharing network BitTorrent, which the foundation acquired last year.

Tron CEO said,

“I think, basically, right now the biggest opportunity is the mass adoption. For example […] the cryptocurrency we are introducing into the BitTorrent network, one of the largest file transferring networks in the world. We have over 100 million monthly active users in over 138 countries. I think lots of companies like Facebook will also bring a lot of people to the industry as well.”

When asked about why he’s been seen on multiple occasions commenting that he does not really care about the market price or the market cap of the token his foundation holds, Mr. Sun’s answer was much of a modest one.

He expressed his priorities about the company that is to focus more on the technology and business development side first and then comes the valuation aspect – which according to him is merely the business surface.

Justin Sun believes,

“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.”

At the time of press, Tron stands at the 10th spot in the market with a market capitalization of around $1.51 billion.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRON (TRX) holders on Troncard eligible for BitTorrent (BTT) airdrops now

by

Have some TRX with you? Lucky you.

It’s merely a month ago when BitTorrent, a family of the Tron blockchain technology kick-started the airdrop program bountifully rewarding Tron (TRX) holders. Right after the announcement, several exchanges and wallets were confirmed to be supporting the airdrop program that started on February 11th, 2019.

But, not all the top wallets and exchanges at that moment were not lucky to get involved in supporting the program.

Tron (TRX) Holders on Troncard Finally Smile

Troncard will now be supporting the program too. As usual, on his Twitter account, Tron CEO and founder Justin Sun broke this significant announcement. His tweet stated that BitTorrent airdrop would now be available on Troncard for TRX holders, too.

The news is music to TRX holders on the Troncard platform who for the past month have watched fellow holders on other exchanges and wallets get the rewards. The BitTorrent airdrop program is meant as a reward for Tron’s long-time TRX holders.

Furthermore, the BitTorrent foundation has plans to airdrop another 99,990,000,000 BTT during offline and online events. This will come after the initial first airdrop of 10,890,000,000 BTT gets initiated which the foundation said was to be taken upon Tron’s block achieving 6.6 million.

Troncard Wallet Ticks the Boxes

The conditions of qualifying for airdrop has been that one must first own some Tron (TRX). Each wallet is qualified for BTT airdrops on Tron’s system relating to the total being held. Most importantly, there’s no minimum of TRX required for one to qualify for the airdrops.

Also, TRX tokens have to lay in a wallet or exchange that is officially approved by Tron. Therefore, the TRX holders on Troncard have a reason to smile as the wallet has been approved to support BitTorrent airdrop finally. Regardless of whether your TRX are frozen, it now means you are eligible to receive airdrops.

Be safe. Be confident. You don’t have to lose your funds to fraudulent websites and channels that are not approved. Slowly but steadily it seems that BTT airdrops will be supported in most exchanges and wallets. With the current pace, only time will tell.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Meet Moon Marketing, the firm focused on merging the gap between the Tron blockchain and gamers

by

The dedication of Moon Marketing is to bridge the gap between gamers out there and Tron dApps. How? We hear you ask. The answer is straightforward. By utilizing their DarkMatter (DMX) Gaming Platform and of course, innovative marketing tactics. The blockchain marketing firm launched its Tron-based token DMX last month as well as partnered with TronWeekly (yes with us).

Now yesterday, Moon Marketing managed to attract another cool partner, Aircoins (an augmented reality crypto app). Thanks to the newly-formed partnership, users could use their collected tokens for interacting with the DarkMatter (DMX) ecosystem.

So, as the Tron-focused blockchain marketing organization, Moon Marketing, keeps making waves in the space, we decided to interview them today. Let’s find out all about them.

Please tell us a bit about your background and experience?

Marketing is such a beautiful thing. We feel as though everyone does marketing at some point; rather you realize it or not. Our team comes from a pretty spread out the background.

Weston is currently attending college going after a degree in cybersecurity. Weston has worked in his hometown alongside Rickey helping local businesses market their company and products and showing them how to properly utilize simple marketing tactics and social media to their advantage.

Tahj has been marketing local tournaments to his hometown for years now. He has set up tournaments in both sports and video gaming to helping the local community see the fun in coming together to compete with one another to do the things that they enjoy.

Rickey is a sole proprietor that started a lawn service when he was just 15 years old. He marketed his business from the ground up. Ten years later and the business is doing better than ever. He now also enjoys partnering with Weston to help other businesses in their hometown use the social media and marketing tactics he used to build his own customer base.

Together we formed a team that is very passionate about the Tron community. We plan to use our combined knowledge in gaming, Tron, and marketing to help grow the amazing projects on the Tron blockchain. The ultimate goal: turning the dream of decentralization into a reality.

You said your team has experience in marketing and networking outside of crypto too, how did you meet with crypto and blockchain?

The idea of decentralization thru Cryptocurrency has always intrigued us. We like many others took notice of the most recent bull run. That is when we discovered cryptocurrencies other than Bitcoin (obviously the most well known digital asset) During that process we found the Tron blockchain and the vision Justin Sun had.

We took one look at Tron, and it was like a light switch as it was a cryptocurrency that could most definitely be used in the real world. With the amazing things going on inside the Tron blockchain here we are today.

We now believe that with the potential of this blockchain the decentralization that we once dreamed of is now at our fingertips. We want to do our part in bringing Tron to the world by making the blockchain, it’s projected, and it’s many possibilities both easy to find and well known.

Tell us about how you came up with the idea of Moon Marketing.

As we all came into Tron, we found ourselves looking through many projects and having to hunt down information ourselves to learn about them. We saw projects not only as investments but as visions. As we continued to look into projects on the tron blockchain, we learned that some had amazing real-world use cases and we could see the future potential of those projects.

We felt like our biggest need as of then was a marketing team that could be trusted to sort through the many projects on the Tron blockchain and bring those with promising visions to the Tron community. That is when we started reaching out to Tron projects to offer our assistance with marketing.

After joining a few project teams, we decided we would like to offer our service to the tron community as a whole by creating MOON Marketing. Our goal is to teach not only the tron community but everyone about the many amazing opportunities, investments, and visions that Tron has to offer.

How do you guys access good ICO projects and what is the nature of your relationship with ICOs and investors?

When it comes down to picking a project to run an ICO for, our top priority is making sure the product is of high quality and safe for investors. We want our community to be confident when investing in a product we are backing. This will hopefully come from delivering a consistent level of quality over a period of time.

In your experience, what investor solicitation channels are now the most efficient ones?

This is precisely why we have created Moon Marketing. We feel as though there are very few options as far as a hands-on teams bringing these projects to the community. Think about how you usually find out about a project.

Right now with all the success that many projects have on the Tron blockchain, they have to be spread by person to person messages and the occasional partnership agreement with other channels.

We are here to create a more efficient way to bring the most significant projects to the community in a hands-on the manner in which we study those projects, their visions, and there plan so that we can share them with the community that makes all of this stuff possible in the first place.

What are the biggest challenges when working on blockchain gaming projects?

Ease of access for sure. We know there are tons of people out there that would love to earn monetary value just by playing these games. The challenge lies in reaching these people and making cryptocurrencies easier to understand and adapt.

Gamers are already frequently using forms of digital currencies, from coins in Super Mario Brothers to V-Bucks in Fortnite; they have had plenty of exposure to the concept over the years. In our opinion, this gives gamers a head start when it comes to understanding cryptocurrencies and one of the many reasons we will be heavily targeting them with our marketing efforts.

You recently launched your crypto gaming currency, can you tell us about that in brief?

To keep things short, Moon Marketing will use its most recent project DarkMatter to bring both gamers and users of social media into the wonderful world of crypto and what better place to show and help them see the potential of decentralization than the Tron blockchain.

To learn more, please stop by our Telegram at https://t.me/MOONMarketingfirm

Do you have any major partners you will like to share with us, and what are the benefits of becoming your official partner?

We do have some upcoming strategic partnerships planned to help us to reach beyond the Tron Blockchain; unfortunately we will have to wait for details to finalize to give more information.

We are very excited about our partnership with EMStoken Group. They have several use cases in the works. We help them create strategic marketing strategies. The future of this partnership is very bright, and we can’t wait to show you what our teams have been up to.

We will offer many benefits for the projects we partner with and support including:

  • We will utilize the Moon marketing community to tailor a unique plan around marketing each partners project to their target audience.
  • We grant our partners access to use our Social Media Exchange, where our community can earn precious DarkMatter by adding value and supporting Moon, and it’s partners on social media.
  • They receive access to commercial space during our live Dark Matter Gaming events
  • They will also receive aid with completing a token sale for new dApps or projects trying to reach the community.

What are your future plans or projects?

Growing and supporting Moon Marketing, our token, DarkMatter, and our partners will be our focus for the foreseeable future. We aim to build Moon for many years into a staple of the Tron Blockchain, becoming a platform to reach the best and most exciting projects across the community. You can expect constant updates and communication along the way as we progress forward.

After Tron, Ripple creates $100 million fund for blockchain games developers

by

Last November, Tron set 100 million USD fund for games as it launched the Arcade project. And now, Ripple has decided to follow the suits. In fact, as like Tron, with Ripple (XRP), the good news is endless.

Xpring, Ripple’s developer ecosystem initiative and Forte, a company aiming to accelerate the gaming industry’s adoption of the blockchain technology, have established a partnership to create $100 million funds to support the game developers.

Ends of the Deal

The gaming industry is rising, and it attracts millions of individuals each year, and one thing is for sure, it’s a very rich as well as a promising niche. Therefore, after Tron, Ripple has chosen to make the right bet with this one.

The report says that all the funds will originate from Ripple with Forte only managing them as it aims to achieve their objective of accelerating blockchain technology’s mainstream adoption in gaming.

Evidently, blockchain has the potential of improving the game designs as well as help the developers run superior and even more triumphant game economies. However, for most of them, it’s hard to develop as well as deploy.

Forte offers a platform that’s easy for the developers to apply blockchain into the games, increase engagement as well as monetization with the players. The fund will target game developers operating live game economies with more than 50k daily active users as well as game developers with a genuine interest in blockchain deployment.

The Right Platform for Blockchain Technology Mass Adoption

Forte is undoubtedly doing everything possible in developing effective blockchain technology platforms alongside products built for the gaming industry. Founded merely a few months ago, Forte is well placed with experts in the game platform development, publishing and game design from established companies like GarageGames, Kabam, Unity, Gen.G Esports, and Linden Lab.

Besides, its technology stack includes components that leverage open-source solutions designed in close collaboration with Ripple. The solutions include open-source Interledger Protocol, the Codius platform and use of XRP for settlements (that could be huge).

On the Broader Side

Ripple is attempting to expand its services beyond the core business of financial software, and the $100 million gaming funds represent a way of pushing their objectives. Additionally, gaming platforms integrating the Interledger Protocol could spur mass adoption of XRP that Ripple holds in plenty (allegedly).

Subsequently, blockchain adoption by video game developers represents merely a third significant use case. At the moment, most companies use blockchain for financial settlement as well as supply chain management; though it’s experimental in most of those cases.

For Forte, it’s almost inevitable that the fund could raise its profile. The company hasn’t commented on that fact yet, though.

Talking about their funding being done already, they got money from investors like Andreessen Horowitz. Consequently, Ripple and Forte have a similar belief that blockchain is the way for the gaming industry. Whether that’s true or otherwise, the future for the gaming industry looks bright.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

BCVWallet fully supports TRON ecosystem now; BitTorrent completes 990,000,000 BTT airdrop

by

TRON continues to enjoy excessive growth in its ecosystem. And, in a bid to update the TRON community of a recent stride, the CEO of blockchain firm announced the support of BCVWallet for TRON ecosystem.

Sun tweeted:

It is worth noting that BCVWallet is a safe and straightforward digital currency management wallet that can handle hundreds of token cross-chain transfers.

Users of BCVWallet can now deposit TRX tokens safely with multi-level security. This wallet has a private key stored offline to reduce cases of theft and hacking. It also features personal information and a secret key stored in different forms respectively.

One of the important features of BCVWallet for TRX holders is that they can send and receive TRX tokens in no time, as the dynamically adjusts Gas costs according to the network traffic. The network within the application is free and works in real time.

With that in mind, TRON is now the latest digital asset to be added to BCVWallet, and it joins the likes of Bitcoin, Etherum, Eos, Ripple, etc. The wallet supports all ERC-20 tokens built on TRON’s network.

According to TRON Foundation, the blockchain now powers more than 187 Dapps and about 464 Smart Contracts, plus 10 Decentralized Exchanges, six games, and 40 decentralized tools.

Since BCVWallet now supports TRON and its Decentralized applications, greater value will be offered to TRON holders and its community worldwide.

No doubts, the two companies will continue to collaborate due to the fact that they built out their infrastructure.

BitTorrent completes 990,000,000 BTT Airdrop 

Just in the nick of time when TRON partnership with BCVWallet would boost TRX’s ecosystem, TRON’s BitTorrent completes 990,000,000 BTT Airdrop.

For a while now, TRON is known for its bounty-related activities in the crypto space; however, the blockchain begins to showcase the newly-released BTT tokens to its community.

Justin Sun announced on March 11, 2019, that the second BTT airdrop is completed where a total of 990,000,000 BTT tokens where given to the crypto holders worldwide. We shouldn’t dispute the fact that TRON and BitTorrent are making waves in the crypto space with a series of events focused on solving the problems of interoperability on TRON’s network.

Justin Sun further announced the due date for the next airdrop to start and that’s scheduled to hold on April 11th, after the announcement of the completion of the second airdrop.

As things look, TRON will continue to look for great means to integrate its token (TRX) onto BitTorrent network. And of course, support from BCVWallet for TRON and its tokens would do a lot of good to the Sun-led blockchain and its community.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRON and CocosBCX to foster the next generation of gaming and blockchain

by

TRON aims to foster Dapps and the gaming industry, and in lights to that, the Sun-led blockchain has decided to organize a blockchain gaming summit together with CocosBCX (decentralized gaming blockchain) to explore the opportunities of the sector in the best way possible.

It is important to know that this mini-summit tagged “Blockchain Games Next” will come up on March 19, 2019, in San Francisco to unite blockchain developers and platform partners from all over the world.

According to TRON Foundation, this summit is a half-day one which is free to attend but will mainly focus on Dapps developers, tool makers, investors, and blockchain enthusiasts in the crypto space to discuss the next generation of gaming and blockchain industries.

Subsequently, “Blockchain Games Next” discussion is open for blockchain newbies in the industry as it is not technical. The mini-summit aims to celebrate the success of the blockchain industry while also taking an in-depth look at its potentials.

It is necessary also to note that individuals who are not currently using blockchain but want to know how blockchain technology can be beneficial to their business plan can opt-in for this event.

More than 200 attendees are expected to be present in the event, and they will be entitled to witness the talks and panel discussions with 20 world-class speakers from all around the world including TRON’s CEO Justin Sun. The three moderators of the event are, Dean Takahashi from VentureBeat, Martine Paris (a tech reporter), and Oscar Clark, from Steel Media.

About the Sponsors: TRON and COCO-BCX

TRON is not just a digital asset alone but a blockchain platform that aims to foster the development of online contents and games, and of course, decentralized applications. TRON encourages the development of online games and developers all over the world.

Not too long ago, the decentralized platform launched its new blockchain game fund known as TRON Arcade and invested $100 million on the project for the next three years to develop the gaming ecosystem.

Notably, the main aim of the fund is to assist Dapps developers in producing and executing their productions; to create new games and contents into the gaming industry, and to create an ecosystem that consists of a community of content and entertainment creators.

Coco-BCX is a decentralized gaming development platform created with one of the most significant gaming-developer community that consists of more than a million developers in the world today known as Coco’s engine.

Coco-BCX is also a platform that strives to strengthen the gaming industry, and it is achieving this by collaborating with the blockchain industry. The platform reached an agreement with notable blockchain platforms such as Ontology, Zilliqa, and NEO to integrate NHAS-1808 standard on their public chains.

In December 2018, Coco-BCX partnered with TRON regarding the developer community, thus, promoted TRON’s announcement of investing $100 Million in the next three years.

Nevertheless, TRON is the latest blockchain technology that Coco-BCX has in its ranks. As hinted above, Coco-BCX also supports the “TRON Arcade” developer’s program. The gaming platform is known to build notable games including Badlands and Fight! Also, many game producers including Big Fish Games make use of Cocos2d-x.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

A Swiss startup raises $4 mln to enable people to buy crypto like they can stocks

by

Ever since the birth of Bitcoin and blockchain by the mysterious Satoshi Nakamoto, the idea of decentralized currency dubbed cryptocurrency hit the traditional regulated system of the world where everything used to work under the check of the big fishes (central authorities) noticeably.

The folks around the globe got mesmerized upon learning that they can now transfer their assets worldwide without getting into the in-depth scrutiny of the central banks which would in most cases take more than 2 to 3 days to get delivered.

If digital currencies begin to play an essential part within our economy, we could see that these cryptocurrencies will not only alter the traditional trading dynamics but businesses throughout the world, as well as countries, will be able to generate more export/import services comparatively easily.

The ideas mentioned above struck many individuals’ minds and organizations because the underlying blockchain technology is projected to transform the digital sphere. Many startups and investors started to show their interest in the crypto-space gradually and then came the so-called golden era of the crypto-mania, the bottom half of 2017.

The era when digital currencies such as Bitcoin, Ethereum and Ripple recorded remarkable market growth, benefitting their investors with huge returns.

As it is established that cryptocurrency can be the currency of the whole world, but getting hold of it isn’t as easy as purchasing shares in public organizations. To make the procedures comfortable and swift, many startups are devoting ample amount of their times.

Amun, the Switzerland-based FinTech startup is one of them. Although the startup has been making appearances on the space for a short time only, still their strides have made a notable difference.

In an announcement yesterday via TechCrunch, Amun revealed that they had completed their first round of funding of $4 million to facilitate the crypto investors with stock-like buying options.

Investors like Adam Draper, founder of Boost VC and the son of Tim Draper who is famously known as pro-Bitcoin, Greg Kidd, co-founder of Hard Yaka, Graham Tuckwell, founder of ETFS Capital, and four other unnamed family offices have made the significant contribution to the said fund.

Last fall, Amun, launched ‘HODL’ on the Swiss Stock Exchange which is considered as the “the world’s first physically backed ETF (Exchange-Traded Product)” that is supported by the five giants of the crypto mania: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).

The HODL exchange-traded product is basically a security; the prices of the digital currencies it is tied to will affect its value accordingly.

Hany Rashawan, CEO and co-founder of Amun, expressed his vision behind the exercise stating that it is to facilitate all interested investors even when they face local restrictions.

“[While] growing up in Egypt, he saw the government ban Bitcoin despite the fact that it offered an alternative to the Egyptian pound, which saw its valuation tank massively in 2016. He believes that products like Amun allow anyone to take part in crypto even when they face local restrictions, as was the case in Egypt and other countries.”

He further commented on his vision while talking to TechCrunch saying:

“We want to make investing in crypto as easy as buying a stock. Institutional investors around the world are looking for a secure, easy, and regulated way of accessing the crypto asset class. Amun’s products do that at a low price in one of the most reputable financial hubs in the world.”

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron Foundation and ChainLink partnership likely to happen as early as tomorrow

by

It’s never true until it happens. Perhaps, that’s what they say, or it is.

However, we’ve often come to learn that whenever the speculation intensifies, most likely but not always, the rumors turn out to be the truth. Today, rumors are carrying the day that Tron (TRX) might be on the verge of brewing a surprise for its ever-expanding community about a possible partnership with smart contracts solution firm ChainLink.

It’s Just Speculation – No Official Confirmation Yet

There’s no denying of the fact that Tron is one of the best in the game when it comes to strategic partnerships and business. Over the period that Tron has been on the sheet, it has managed to pull off some of the best partnerships which aim to help Tron objectives of becoming among the top best if not the best.

Besides, partnerships between the crypto platforms help to further innovate as well as increase productivity for both parties involved.

The rumors of a possible partnership between Tron and ChainLink first broke out on a Twitter account of LINK News Oracle. According to the Oracle, the news is yet to be confirmed, but they say it’s very much a possibility.

Again, it’s worth highlighting that the alleged partnership is nothing but speculation, but it doesn’t mean either that it won’t happen. In fact, just like anything nowadays on the internet, the buzz surrounding the alleged partnership has spread like fire eating up dry grass through other social media websites.

For instance, a Reddit user asked the subscribers of subreddit to be on the lookout for an official announcement of the potential partnership speculation at around 8 AM PST tomorrow.

But what would ChainLink bring to Tron ecosystem?

ChainLink is primarily an Oracle solution which allows a safe as well as the secure stream of data into smart contracts which means if any smart contract on Tron wants to utilize the outside data such as connecting to a pre-existing legacy or connecting with the data on another blockchain, can easily do it, thanks to the ChainLink oracles.

Therefore, it will be beneficial to Tron’s ecosystem as well as will attract several applications to be built on it as it, at the same time, maintains high-level security guaranteed by smart contracts.

Nevertheless, at the moment, neither Tron nor ChainLink has confirmed anything about the speculation which leaves questions of whether we’re about to get an announcement or it’s just the crypto world getting their hopes up? All the same, it’s a matter of time before everything unfolds, but until then let’s see how speculation rolls.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

North Korea hacking crypto exchanges to bypass economic sanctions

by

North Korea has been behind significant cryptocurrency exchange hacks in an attempt to circumvent economic sanctions as well as obtaining foreign currency. According to the UN Security Council, the country has stolen $571 million from Asian crypto exchanges via the cyber attacks.

Crypto Exchanges Alongside Financial Institutions Hacked

According to Nikkei Asian Review that claims to receive the panel’s report, North Korea has been undertaking the dubious business on overseas financial companies from 2015, but it’s between January 2017 and September 2018 that the country made most of its money.

A panel of experts revealed to the Security Council’s North Korea sanctions committee that the nation had hacked a total of $670 million in cryptocurrency and foreign exchange between 2015 and 2018.

The report indicates that several Asian cryptocurrency exchanges were hacked by North Korea at least five times. Interestingly, the attacks have been associated with being carried out by professional military units which are an essential part of the country’s government policy.

Unfortunately, it’s still unknown that who the victims of the attacks were, but among the ones that do come first in mind is the Japanese exchange Coincheck which was attacked in January last year and suffered a loss of about $530 million. Also, in September last year, another cryptocurrency exchange, Zaif, got attacked and lost $60 million.

Furthermore, neighbors South Korea had an attack as well that is believed to be executed by North Korea. The hack saw personal information of 10 million users of the e-commerce platform Interpark being compromised. Moreover, a ransom worth of $2.7 million was eventually paid in exchange for the stolen data.

Desperate Times

It could be hard to argue against the likelihood that the attacks from North Korea are as a result of the tough economic times the country is undergoing. The UN and the US placed economic sanctions for about 15 years now due to its nuclear program launch.

The panel’s report has seen that a reason for North Korea to hack crypto exchanges for garnering more funds during this desperate time and consequently circumvent sanctions as they are difficult to prosecute, able to be washed several times, and apparently independent of the government regulations.

The North Korea hacking appears to represent a big problem for the UN with the report stressing the need for an action calling the nations to strengthen their ability in promoting information exchange with various governments as well as domestic financial institutions to counter North Korea’s attacks.

Overall, it’s an exciting development. Various countries such as Iran and Russia have looked to bypass economic sanctions using cryptocurrencies. Maybe it’s the start of a new policy for all the nations, or perhaps we’re looking at the commencement of cyber wars. But whatever the case would be, it’s an exciting (yes, not so positive though) move that exchanges, as well as others, have to watch their back.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.