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You are here: Home / Archives for Tabassum Naiz

Tabassum Naiz

Bitwise Investment’s Bitcoin ETF Approval Decision is Very Close – Report

October 8, 2019 by Tabassum Naiz

Matt Hougan, Managing Director of the Bitwise Investment, says that the US Securities Exchange Commission (SEC)’s decision to approve their Bitcoin ETF is closer than ever.

In an interview with CNBC yesterday, on October 7, Matt Hougan spoke about their Bitcoin ETF which he believes will be approved by the Securities and Exchange Commission (SEC) very soon. As the SEC has set an Oct 13 deadline for Bitwise’s Bitcoin ETF, it would mark a momentous success in the history of the crypto world, if it receives a green signal.

Will SEC Approve Bitwise Bitcoin ETF?

However, SEC has been reluctant to approve the Bitcoin Electronic Traded fund (ETF) applied by a couple of crypto players in the past. Bitwise filed its Bitcoin ETF application back in January and in August, the regulator apparently postponed the decision on its proposal.

As SEC has postponed its decision to Oct 13, Hougan said that the regulator has no mechanism to postpone its decision on Bitwise BTF any longer. He then quickly asserts that “We’re closer than we’ve ever been before to getting a Bitcoin ETF approved.”

“Sometime before Monday, the SEC has to give its decision: yes or no. They have no more ways to postpone it at this point. We will hear clearly between now and Monday what they think”, Hougan stated.

It is still unclear whether or not SEC could approve Bitwise’s Bitcoin ETF, but Hougan is quite optimistic at SEC’s upcoming decision despite the regulator’s stern tone on ETF so far.

He further recalls the market conditions two years ago and says that the six out of ten major exchanges are now officially regulated by the New York Department of State (NYDS) alongside market surveillance technologies, he emphasized.

“Two years ago, there were no regulated, insured custodians in the Bitcoin market. Today, … there are big names like Fidelity and CoinBase [with] hundreds of millions of dollars of insurance from firms like Lloyd’s of London.”

He further highlights that Bitwise ETF, if approved, will bring the potential opportunity for investors to access the world’s largest cryptocurrency securely. He argued that only big institutions/high net worth individuals have a clear path to buy Bitcoin in private funds – in contrast, his argument is to offer similar service to regular investors via Bitwise Bitcoin ETF.

Disclaimer: The presented information is subjected to market conditions 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.

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Filed Under: Bitcoin News Tagged With: Bitcoin (BTC), Bitcoin ETF, SEC

Ripple CEO Unsure about Libra’s Launch for at Least Three Years

October 8, 2019 by Tabassum Naiz

Brad Garlinghouse, CEO of Ripple, the San-Francisco based payment firm, has thrown skeptical comments out over the Facebook-led cryptocurrency Libra (again). Ripple Boss doesn’t think Facebook could launch Libra for at least three years – if ever.

Brad on Libra

This isn’t the first time that Ripple’s lead executive is discussing Libra; however, his views look vary now. Earlier when Facebook announced the launch of Libra back in June, Brad was quite optimistic in the belief that the entry of Facebook in the crypto industry will bring significant crypto awareness across the world.

However, in the latest interview with Fortune, Brad states that he doesn’t believe Facebook could launch Libra anytime soon. He cites the ongoing regulatory hurdles that Facebook is currently striving to tackle.

“I would bet that Libra…let’s say, by the end of 2022, I think Libra will not have launched,”

Besides Brad, Facebook CEO Mark Zuckerberg was also hesitant to confirm the launch date of Libra. Mark said in his interview with Nikkie Asia; currently, the social media giant is focusing on chafing all those skeptical views that regulators have with the launch of Libra – one such regulatory concern is Libra could be a direct threat to national monetary sovereignty. Mark said to Nikkie Asia;

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right now I’m really focused on making sure that we do this well.”

Brad – I think it’s going to be a tough road for Facebook

As the industry continues to mature, I hope to have more conversations like this one with @jenwieczner and @rhhackett – let’s cut through the hype around whitepapers and price swings, and focus more on how to solve real problems at scale. https://t.co/hnR4mzPcN4

— Brad Garlinghouse (@bgarlinghouse) October 7, 2019

Initially, when Facebook announced Libra, the crypto community was weighing Libra against Ripple’s native token XRP. On the one hand, Facebook has attracted the ire of regulators and policymakers ever since it launched, Ripple is already tied up and has been working to tie-up with regulators to offer its cross-border payment solutions within the regulatory regime.

In his further talk with Fortune, Brad says that the launch of Libra for Facebook is “going to be a tough road.” As Facebook has a poor history with privacy and user data, he believes that the Libra would be well received if the parent company hadn’t been Facebook. He further elaborated his stance as;

“Facebook has been in the crosshairs of a bunch of governments around the world.”Brad explained; “I think it’s going to be a tough road.”

Disclaimer: The presented information is subjected to market conditions 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.

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Filed Under: Altcoin News Tagged With: Facebook, Libra, Ripple (XRP)

Tron Remains the Second Most Popular Platform for Dapps

October 8, 2019 by Tabassum Naiz

Largest Dapp directory published a quarter three dapp market report, which unveiled that the Tron has added 500,000 users on the mainnet in Q3, and the platform remained the second most popular network for building Dapps.

Dapp/Decentralized applications on top of blockchain platforms like Ethereum, Tron, and EOS have become a hot topic these days, especially for developers.

As per the latest market report presented by Dapp.com, the largest directory of the Dapps, the Tron blockchain platform still stands as the second most popular network for developers to build their decentralized applications. The first being Ethereum, which saw a steady performance for Q3 in comparison with the other blockchains. 

Tron has become the Largest Blockchain Platform

The report highlights the significant growth of Tron users and states that the platform becomes the most significant blockchain platform that launched since 2017. It reads as follows;

TRON has added another 500,000 users on the mainnet in Q3 – with a total amount of over 3.7 million mainnet addresses

Moreover, the Tron network has become the ultimate choice for gaming projects. Following the significant findings, Dapp.com’s Q3 report quickly gained the attention of Tron boss, Justin Sun, who then took to Twitter and appreciated the Dapp platform for the excellent Q3 report. He tweeted;

#TRON has added another 500,000 users on the mainnet in Q3 – with a total amount of over 3.7 million mainnet addresses it has become the largest blockchain platform that launched since 2017.

Thanks @dapp_com for the excellent Q3 report.👇https://t.co/gVGvmybBrI#TRX $TRX

— Justin Sun (@justinsuntron) October 8, 2019

However, on the back of the report, Tron gained a momentous growth in terms of market capitalization. The token, which was standing on the 14th most significant spot, has captured the eleventh largest place on the graph of Coinmarketcap today.

At the time of reporting, Tron is scoring higher with 6.58 percent within the past 24Hrs, which notably influenced its market capitalization. While it’s trading volume counts $1,078,248,667, the token is currently trading at $0.016 against US Dollar.

An overall market assessment of Dapp for Q3 shows that the transactional volume of these Dapp is down nearly 40 percent. Only 148 dapps launched in Q3 of this year, whereas it was 164 dapps every month during the first half of 2019.

Disclaimer: The presented information is subjected to market conditions 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.

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Filed Under: Tron News Tagged With: DApp, Decentralized Applications, EOS, Ethereum (ETH), TRON (TRX)

Ripple Whale Moves 20,014,200 XRP from Funding Wallet 1 to Coinbase

October 7, 2019 by Tabassum Naiz

Today, a new whales movement is caught in crypto where Ripple (XRP) worth 5,559,994 USD got moved from a ‘Funding Wallet 1’ to a wallet that reportedly belongs to Coinbase.

The transfer of this transaction occurred on Monday 07, 2019, at 16:48:50 UTC. Nevertheless, the sender wallet address identified as rU1bPM4q2rVhC73F7znm7Lt5QnYzZsV35q, which is reportedly an address, belonged to funding wallet pf Ripple. In contrast, the recipient’s address rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg is said to be related to Coinbase crypto exchange.

20,014,200 #XRP (5,559,994 USD) transferred from Funding Wallet 1 to #Coinbase

Tx: https://t.co/TCzrowF5pF

— Whale Alert (@whale_alert) October 7, 2019

Whales transfer isn’t new in the crypto industry. Very recently, on October 6, 30000000 XRP were moved from a mysterious crypto wallet to funding wallet 1. These XRP tokens were believed to be as equal as 3,371,809 USD. As in both the cases funding wallet is involved, reports mentioned that the funding wallet 1 is owned by Chris Larsen, the co-founder of Ripple.

XRP Bleeding Regularly

On the other hand, the XRP market price broke out radically, which stressed the XRP bag holders. Subsequently, XRP has been trading at just cents for quite long now, and in fact, the token remained within $0.27 – $0.24 against USD. But it’s worth noting that the third-largest cryptocurrency by market cap, XRP is catching-up with the colossal promotion on social media by its Ripple army.

As we write this, XRP is currently traded at $0.27 against the USD after seeing a significant boost today. At the time of reporting, XRP scored a 7.40 percent increase in value over the past 24 Hrs, which resulted in a brief surge in its market capitalization as $11,840,278,395.

In a nutshell, Ripple, the parent company of XRP, isn’t primarily looking at the dipping value of XRP – instead, the firm is profoundly moving with the successful completion of partnership, acquisition and other deals with various financial players across the world.

As such, Ripple’s partner Banco Santander SA is seeking to invest billions in its forthcoming plan of setting up global digital banking. Moving forward, Santander is viewing to expand its banking services at a worldwide level.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Altcoin News Tagged With: Crypto Whale, Ripple (XRP)

Hong Kong Monetary Authority Confirms Banking Service Disruption – Will Crypto Fix This? 

October 7, 2019 by Tabassum Naiz

The top authority of Hong Kong, HKMA (Hong Kong Monetary Authority), has confirmed that some banks suspended their banking services at specific branches. Looking at the worst monetary scenario in Hong Kong, the crypto community is recommending cryptocurrency as an alternative solution for people to access their own money at any time.

Hong Kong Citizens Hardly Have to Access to their Own Money

Countries like Hong Kong and India are on limelight due to the banking service interruption that citizens are currently experiencing. On Oct 5, 2019, HKMA released an official statement, entitling “Partial service disruption of bank branches,” briefing the reason as “vandalized facilities and traffic disruptions.” Although, the authority states that customers can access to ATM services or online banking, but it also didn’t assure the working status of these ATMs and banking services. The release reads that;

Bank customers are advised to use online banking or ATM services as far as possible and check bank branches’ service status before visiting. We appeal to a public understanding of service disruption of certain bank branches, which was necessitated by extraordinary circumstances.

Will Crypto Fix this?

Undeniably, it is one of the key reasons why the crypto community is pushing the decentralized nature of the financial system forward. As such, Anthony Pompliano, who is a bitcoin maximalist and often known as Bitcoin bull, took to Twitter and wrote about the most horrible scenario Hong Kong citizens are currently experiencing with their own money. He quickly said, “Bitcoin fixes this (issue)”;

Reports are surfacing that some Hong Kong ATMs have run out of cash as withdrawals are accelerating with increased protests and instability.

Imagine not being able to access your own money.

Bitcoin fixes this.

— Pomp 🌪 (@APompliano) October 6, 2019

Many crypto enthusiasts agreed his statement; in fact, few states, the situation might result in “ a lot of permanent Bitcoin converters.” However, a few other responses to his tweet looked vary as these respondents with their Twitter profile appear as the XRP community members. Consequently, they claim that Bitcoin is slower than XRP (notably), and henceforth believes, XRP fixes this.

Meantime, countries are considering the digital version of their fiat currencies, and some of those countries who’re already broke out the announcements are, China, United States, Germany, India, and unlike. How far the idea turned out to be a reality is still a matter of time as none of these countries still launched the digital version of fiat officially yet.

Furthermore, the HKMA hopes that the banks will resume “normal operations and serve their customers smoothly.” The announcement writes that;

Recent incidents of vandalism and arson attacks have seriously affected the use of banking services by the public, HKMA said in a statement. Any form of vandalism and violence should be condemned.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: News Tagged With: Crypto

Ripple (XRP) Becomes the Number One Crypto Mentioned on Twitter

October 7, 2019 by Tabassum Naiz

Undoubtedly, Ripple is hitting its new partnership and acquisition announcements every new day. Respectively, the native token XRP has also been on top bulletins as it has received huge boosts from major industry players, such as Binance and Bitpay.

Today, on October 7, 2019, a tweet from prominent crypto twitter handle (CoinTrendz) revealed XRP’s mentions on Twitter outperform other crypto tokens. Per the tweet which compared mentions of top cryptocurrencies including XRP, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Bitcoin cash (BCH), Tether (USDT) and TRON (TRX), XRP appeared to be the king of other digital assets in terms of amount of tweets since last hour of their reporting.

Top 10 Mentions on Twitter in the Last Hour

Yes, it’s only a one-hour data report; still, any cryptocurrency surpassing Bitcoin in CoinTrendz reports is not that common. Moreover, in matrices of 1-150 Twitter mentions, XRP stands taller with 129 mentions, whereas Bitcoin bagged 2nd spot with 128 tweet mentions. Other crypto mentions that follow suit were, Ethereum with 57, Litecoin with 31 mentions, Chainlink with 30, EOS with 26, Stellar with 25, Bitcoin cash with 21, Tether with 20 and Tron with 18.

Top 10 Mentions on Twitter in the last hour – $XRP $BTC $ETH $LTC $LINK $EOS $XLM $BCH $USDT $TRX

More on https://t.co/ke7SHQm6tN 🚀 pic.twitter.com/hKb9JkUcJO

— CoinTrendz.com (@CoinTrendz) October 7, 2019

CoinTrendz offers such metrics quite often; the platform didn’t respond to our query on further details about the parameters used to calculate the tweet mentions. However, considering these metrics, it’s worth noting that the third-largest cryptocurrency by market cap, Ripple (XRP), has surpassed the world’s largest cryptocurrency, Bitcoin, in terms of tweet mentions.

Moreover, XRP is gaining a significant price surge on October 7, 2019. The token is currently up with 4.48 percent within the past 24Hrs and valued at $0.26 against USD. Also, the market capitalization of XRP is blooming a bit, counting as $11,492,345,700.

Moving forward, the most substantial crypto payment solutions Bitpay will integrate XRP, which will enable merchants to explore XRP than just limited crypto tokens. Furthermore, Ripple CTO David Schwartz’s new idea of creating XRP-backed stablecoin impressed the whole XRP community as he believes, it will enhance the XRP ecosystem.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Altcoin News Tagged With: Bitcoin (BTC), Ripple (XRP)

Weekly Ripple Roundup: XRP Makes Top Bulletins

October 6, 2019 by Tabassum Naiz

San Francisco based Ripple blockchain payment firm hit top bulletins in the last seven days. Besides the partnership announcement by Ripple, its native token, XRP, also received a considerable boost from significant players of the crypto market.

Ripple Expands Partnership and Acquisition

Ahead of its yearly conference, Swell by Ripple, the payment firm hosted its first Annual Academic Event, UBRI Connect 2019, for two days. UBRI is the Ripple’s University Blockchain Research Initiative launched in June last year to accelerate the “academic research and innovation in the crypto-blockchain sector.

With UBRICon2019 conducted on Oct 3-4, Ripple successfully gathered the plethora of university experts, researchers, partners, and special guests to support further and encourage universities to join this initiative of Ripple.

Besides this flagship event, Ripple’s investment arm Xpring launched the XRP developer platform, which was majorly intent to support developers working on different protocols and projects.

The platform continued its partnership and acquisition despite the native token bleeding drastically. It’s worth noting that the firm Acqui-Hire, Iceland based Algrim crypto exchange, which has resulted in Ripple doubled up its team of engineers for Xpring.

XRP Gains Huge Boost from Industry Leaders

As for the native token XRP, the major decentralized crypto exchange Binance DEX announced the addition of XRP and stated that the platform is launching XRP pegged native token on Binance chain and Binance DEX.

To boost the XRP ecosystem, one of the leading crypto payment solutions, Bitpay announced to add XRP by the end of this year. Bitpay’s XRP integration would undoubtedly increase the XRP adoption as it will enable numerous merchants to accept XRP besides Bitcoin, Bitcoin Cash, and Ethereum.

Other thrilling news in Ripple and XRP ecosystem includes, Bitrue crypto exchange launched XRP loans, Gatehub XRP ledger partnered with content monetization platform Coil to facilitate XRP payment to content creators. Besides acquisition in blockchain startup Logos, Crypto ATM network Coinome, and other emerging blockchain projects, Ripple’s Xpring also bet high on Vega protocol, an open blockchain-backed public network.

Moving forward, there’s a high probability that Ripple’s funded San Francisco will acquire Omni blockchain rental startup based Coinbase crypto exchange. While nothing has officially announced by exchange yet, it said that some of Omni employees had been interviewed by Coinbase exchange recently.

Swell 2019 and XRP

Furthermore, Ripple will soon host its current annual event, Swell 2019, in Singapore on November 7-8 (tomorrow). As for now, there is no substantial progress in XRP’s daily trading value, but there’s a high possibility that Swell 2019 might push XRP’s value forward – as it happens every year.

At the time of reporting this, Ripple’s XRP is trading at $0.25 against USD, gaining the trading volume by 0.47 percent within the past 24Hrs. Moreover, the third-largest cryptocurrency, XRP currently counts $11,013,930,972 market capitalization.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Altcoin News Tagged With: Crypto Market, Ripple (XRP)

Binance to Offer XRP-Pegged Token on Native Binance Chain and DEX

October 4, 2019 by Tabassum Naiz

Changpeng Zhao (CZ), the CEO of Binance Exchange, made headlines today after revealing a quick secret about the upcoming featuring related to XRP, the third-largest cryptocurrency by market volume. The exchange is launching XRP-pegged coins native to its Binance chain.

While responding to a tweet, CZ states that the exchange is all set to offer XRP-pegged token on Binnace Chain and Binance DEX. He tweeted;

This was suppose to be announced a bit later. But such is the nature of blockchain project, #transparency. Can't hide anything.

Well, there you go, #XRP (on chain pegged) on #BinanceChain and @Binance_DEX.

Guess which flood gates this opens up? https://t.co/Mxpm5jZCfz

— CZ Binance 🔶🔶🔶 (@cz_binance) October 3, 2019

XRP-BF2: XRP Pegged Token on Binance Chain and Binance DEX

The token will be known as XRP-BF2, and as per the Binance explorer, the total supply of this token is 10,000,000. The new native network of Binance, Binance Chain, is the key to offer assets for its newly built DEX, Binance decentralized Exchange.

However, the exchange has earlier announced the creation of native coins that would be pegged to few top cryptocurrencies on Binance – in fact, BNTB is one such coin, which is a Bitcoin-pegged token. As CZ said;

Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin (BTC) in BTCB’s case. The reserve addresses are published for anyone to audit. The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.

In his continuous talk, CZ clarifies there will also be Binance XRP backed by real XRP. The fact Binance is moving forward with this step is that it asserts XRP doesn’t have direct trading pairs on any non-custodian DEX, and looking at that fact, he says, it will now have.

https://twitter.com/cz_binance/status/1179926231032057856/

Binance boss further elaborated that the token will be fully backed in a ratio of 1:1 on the blockchain. While the news is quite exciting for the whole XRP community, they seek to catch more details quickly, which is yet to be shared by Binance exchange via its official blog. In fact, the news was supposed to be revealed by Binance very soon, but as per the statement of CZ, the blockchain transparency made it public ahead of the time.

On the back of Binance’s launching XRP-pegged token, the value of XRP is quietly flourishing by 1.78 percent within the past 24Hrs. Moreover, it is currently trading at $0.24 against USD, capturing the market capitalization of $10,925,828,343.

Disclaimer: The presented information is subjected to market conditions 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.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Altcoin News Tagged With: Binance, Cryptocurrency Exchange, Ripple (XRP)

EOS Based Decentralized Exchange Newdex Migrates to Tron

September 30, 2019 by Tabassum Naiz

The latest announcement by Newdex, the decentralized exchange claims that it is now officially launched on TRON network. Although details of the launch are yet to reveal, the platform announced 30000 TRX giveaway to Tron community.

EOS Based Project Turns to TRON blockchain

Newdex claims itself as the world’s leading decentralized exchange offering the open and transparent user assets and trading service. Following the announcement of launching on Tron network, the Tron foundation proudly introduced Newdex platform to the Tron community.

Those who seek to participate and win the TRX giveaway of Newdex, they have to retweet and follow New DEX, Justin Sun, and Tron foundation on Twitter. The giveaway will reportedly end on Oct 7th. Tron foundation states that;

The largest decentralized exchange on EOS Newdex officially launched on TROM, writes Tron foundation. Welcome, NewDEX to the Tron Ecosystem.

Meantime the founder and CEO of Tron Foundation, Justin Sun, took to Twitter and suggested a crucial yet straightforward solution on how to grow a business and protect customers. He reveals Tron’s one-click Blockchain deployment feature, which was designed to increase demand for blockchain from companies. According to Sun, it works as;

"But Justin, How can I use #blockchain to grow my business and protect my customers??"

"Easy"

Use our 1-click Blockchain deployment to:

– Generate and deploy your own public or alliance chain
– Customize and set modules
– Thrive 🏋️‍♂️#TRON will set a new industry standard. pic.twitter.com/K2JZWcyxre

— Justin Sun (@justinsuntron) September 30, 2019

Although Tron’s one-click Blockchain deployment appeared as a new feature launched by Justin Sun, nobody seems supporting this new announcement citing the crashing value of TRX for quite some time now.

Fortunately, the value of TRX at the time of reporting is surging by 4.63 percent within the past 24 Hrs, but the position of token remained on 14th spot. Currently, TRX is valuing at $0.013 against USD, capturing the market capitalization of $933,511,141.

More so, Sun’s led two tokens BitTorrent and WIN were recently caught under the delisting announcement by major crypto exchange, Binance. Notably, the exchange announced the removal of 30 tokens trading pairs, including both – BTT/BTC and WIN/BTC.

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.

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Filed Under: Altcoin News, Tron News Tagged With: DEX, EOS, TRON (TRX)

Binance Delisting TRON’s BTT and WIN against Bitcoin with 28 Other Trading Pairs

September 30, 2019 by Tabassum Naiz

Major crypto exchange Binance announced the removal of a couple of crypto trading pairs including TRON’s BitTorrent (BTT) and Win Token (WIN) against Bitcoin.

Today, on Sept 30, 2019, Binance writes that it will remove and cease trading of the bunch of trading pairs at 8:00 AM (UTC) on Monday (Sept 30). The exchange states that the reason behind removal is “to improve liquidity and user experience among Binnace’s wide range of available assets.” The trading pairs to be removed from Binance are as follows;

ANKR/PAX, ANKR/USDC, ANKR/TUSD, BCPT/PAX, BCPT/USDC, BCPT/TUSD, BTT/BTC, DENT/BTC, DOGE/USDC, DOGE/PAX, ERD/PAX, FTM/PAX, ERD/USDC, FTM/TUSD, GTO/PAX, FUEL/ETH, GTO/TUSD, LUN/ETH, GTO/USDC,  NCASH/BNB, NPXS/BTC, ONE/TUSD, ONE/PAX, PHB/USDC, PHB/PAX, TFUEL/PAX, TFUEL/USDC, TFUEL/TUSD, WAVES/PAX, WIN/BTC.

BTT and WIN Bleeding As Binance Announces Delisting

Among 30 trading pairs, BitTorrent (BTT) and Win token (WIN) appeared on the spotlight because these tokens are majorly known to the community with the name of Justin Sun, the founder and CEO of Tron (TRX). However, these tokens are drastically losing their values on a daily chart of coinmarketcap.

As such, BitTorrent stands on the 53rd most significant spot, which notably declined by 9.89 percent within the past 24 Hours. The token currently sits with the market capitalization of $83,283,477 and trading at the value $0.000393 against USD. Also, another token WIN has fallen by 11.78 percent within the past 24 hours. At the time of reporting, WIN counts as the 100th largest token, valuing the market capitalization of $30,009,965 on Sept 30, 2019.

Today’s tumbling values of these tokens quickly indicate the direct impact of Binance’s delisting announcement. However, it’s worth noting that BitTorrent with TRX trading pair is still available on Binance crypto exchange.

The exchange isn’t delisting BTT from Binance completely; however, it might avoid doing that as well because BitTorrent was one of the early projects hosted by Binance on its Binance launchpad. Remarkably, investors were quite optimistic towards BTT’s future value during that time which had resulted in a sale of 50 billion BTT tokens in less than 15 minutes.

Conclusively, as one of the largest crypto exchange Binance is delisting BTT and WIN, it might be a tough time for Justin Sun to prove his stance and bet on the bright future of both tokens.

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.

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Filed Under: Tron News Tagged With: Binance, Cryptocurrency Exchange, TRON (TRX)

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