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Tron (TRX) to hit gigantic South-East Asia trading platform MBAex

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Mbaex, “master in blockchain trading”, according to its publicity is a cryptocurrency trading and exchange platform which takes advantage of blockchain technology to manage digital currency transactions.

It’s established in Cyprus (which is becoming, with Malta, one of the most important countries in the world regarding cryptocurrencies and blockchain projects). The platform allows users and customers to conduct trading in several popular digital currencies, even among themselves and without fees.

The company boasts a group of professional employees from Europe, Southeast Asia an China with deep backgrounds in the Forex trade, the banking industry, blockchain asset management, and the fintech industry.

While the firm is incorporated in Cyprus, it does business mainly in Southeast Asia. In this region of the world, it’s the biggest blockchain assets trading platform. It features a full-fledged forex brokerage system and a standardized banking system. It’s a cryptocurrency trading platform with all the features you can find in traditional forex trading houses. This combination of characteristics allows for huge volumes in transaction and tradings. It’s very compliant with anti-money laundering laws in all jurisdictions.

And now, the company has announced it will be supporting Tron’s Tronix digital asset (TRX) starting next Friday at noon, Singapore time. TRX deposits will be accepted since the day before at noon, Singapore time, and withdrawals will start on December 21st.

The coin will be available in three trading pairs against Bitcoin, the US Dollar, and MDP.

The biggest piece of news here is the TRX/USD pair because that’s quite unusual. Most exchanges featuring TRX do not support a pairing against any fiat currency but against Bitcoin. This has made TRX’s performance rather frustrating throughout the year because Bitcoin has had a terrible year, as everybody knows, and TRX’s pegging with it has made it very difficult to take off in price even as the project has had nothing but great news to report for months.

As we write this article, Tron’s price is at $0.014184 USD and trading in red numbers against the USD but in green numbers against Bitcoin. Its market capitalization (938 million USD) gives it the eleventh place at coinmarketcap.com.

Tron was founded last year, on September, by Justin Sun, a close friend of Alibaba’s founder and CEO, Jack Ma. It’s a very ambitious third generation blockchain project which aims to decentralize the web using the blockchain so that power over content remains in the hands of content producers instead of central authorities such as Google, Youtube, Amazon, Facebook, and all the other usual suspects. Tron is already the world’s largest decentralized network because it now owns BitTorrent (which already supports the TRX token).

Mr. Sun’s project keeps accumulating good news in market conditions that are not that promising for anybody. Every new listing in new exchanges is important because it increases trade volumes the world over, and that becomes relevant regarding technical analysis. Higher trading volumes breed confidence and demand, and those two things make a coin’s price go up.

It will be worth it to keep an eye on Tron. The token is still very cheap but forget the price for now. This is a blockchain project that has some very real value because of its high performance, great technology and versatility. It will take off, sooner or later.

Image courtesy of Pixabay.

The Bitcoin Oracle has spoken: Crypto winter is here

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Vinny Lingham is a cryptocurrency expert, especially when it comes to Bitcoin. He became involved with it five years ago after a long and successful entrepreneurial career in his native South Africa.

He’s been founder and CEO of several projects. Civic, Gyft (sold to First Data Corp), SilconCape (an initiative to turn Cape Town into a tech hub), and incuBeta. He was considered one of the world’s top 500 CEO’s in 2015. And, yes, he’s got credibility when it comes to Bitcoin as he sits in the Bitcoin’s Foundation board.

Fast Money, a CNBC show calls Mr. Lingham “The Bitcoin Oracle” and interviews him occasionally to gain insight into the cryptocurrency market. The latest interview happened just yesterday. The show’s anchor asked Mr. Lingham for his opinion about the current market conditions for Bitcoin and future prospects.

Mr. Lingham was very clear and to the point. He said he expects Bitcoin to remain bouncing between the $3k and $3.5k levels for a few more months. But if no bull run materializes in about six months and the coin remains stuck, then it will break the $3k support level to go downwards.

He explained further that a problem in the current market is that too many investors are guided by price instead of paying attention to the fundamentals, and that’s what’s been driving the price down.

In Mr. Lingham’s view, Bitcoin is not ready to be a means to store wealth. That’s painfully clear to anybody who bought bitcoins when the price was above USD 10,000. On the other hand, Bitcoin is a very successful payment network that is moving almost as much money as MasterCard on a daily basis.

On reasons to be positive, the Bitcoin Oracle was rather scant. He believes Bitcoin to be too much of a risk as things stand. The great risk is the only way to rip great rewards, as he pointed out, but he was very clear in that it would be so much safer to buy bitcoins when the level goes back up to USD 6,000.

While we don’t believe that this, or any other expert, is an actual Oracle, we do agree with some of his points. The cryptocurrency market would surely be better off if the fundamental analysis was used more than technical analysis.

In other words, if crypto enthusiasts were more interested in coins with real value instead of following speculative trends to make quick money. Let’s remember that Bitcoin is still the same whether the price is high or low. The price doesn’t change its usefulness and value, and the same goes for every cryptocurrency.

As we probably mentioned in this site many times already, Bitcoin, XRP, Tron, XLM, ETN, and a few other digital assets are slowly but surely showing the planet that some real-world problems have no better solution than cryptocurrencies and blockchain technologies. That is making the assets useful in many ways; it’s giving them a competitive advantage which will lead to mass adoption as time keeps progressing.

Adoption will change the game for everybody because those few useful coins will have great demand, and the market price will respond to value in the real world and realistic economic forces instead of sheer speculation, which is the main force behind the current market. But until that happens, winter is here indeed.

Image courtesy of Pixabay.

Tron (TRX)’s Justin Sun and Ethereum’s Vitalik Buterin go at it again; Twitter saga continues

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The feud between Tron [TRX]’s Justin Sun and Ethereum’s Vitalik Buterin seems to have escalated with the two bigwigs of the cryptoverse going at it at on Twitter. The latest retorts were initiated by Sun when he had called out Buterin by tweeting:

Justin Sun has always made the news with his comments on Ethereum [ETH], with the CEO urging users multiple times to ditch the ETH network and switch to Tron.

The Tron Foundation official based his comments on Vitalik’s earlier comments when had stated in an interview that the next wave of crypto adoption is not going to be built on hype. He had said:

“Every time I come here, the space definitely keeps growing, and at this point, it’s looking like it’s just huge, you know. There’s just people in all of the different universities get interested in the technology, seeing the interest from just all the sheer number of companies that are based here.”

Sun’s direct collision with the Ethereum was not left unnoticed by Vitalik, who called Sun a “self identified shill” and even added that Sun was not worth listening to. Sun, who is very active on Twitter did not take the comments lying down, rebutting:

“We can talk about the dollar sign after the day #ETH reaches 2 million Txs per day, which I think will never happen. 😊#TRON”

The war of words between the two have long been an eye-catching engagement for users and holders in the cryptocurrency space. Sun never fails to mention Tron’s achievement and makes it a point to inform users that Tron has surpassed Ethereum in terms of daily transactions.

Tron had also received a boost recently when it enjoyed a sudden bullish spike of 6%, threatening to overtake Monero on the cryptocurrency charts. The rise came in the wake of Justin Sun’s comments on the framework of the company. He had said:

“BitTorrent is popular in 138 countries. So its very important that we find a solution like a payment channel that all the country it’s the same. Right now, the banking system and all this payment channel is fragile.”

Image courtesy of Pixabay.

 

The Tron (TRX) Accelerator is here now!

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The Tron Accelerator initiative is live now and waiting for applications.

It’s a project supported by Tron, aimed at empowering developers and bring about innovation in the blockchain industry, more specifically, using Tron’s third generation blockchain technology.

Since last December 1st, developers are invited to send their decentralized application scheme, built upon Tron’s main net, and participate in one of the most exciting hackathons ever hosted.

There are a million dollars in the line in total ($200,000 for the first prize). There will also be eight special prices in 8 categories:

— Excellent Blockchain Game
— Excellent Application Tool
— Excellent Decentralized Exchange
— Excellent UI Design
— Excellent Innovation
— Excellent User Experience
— Most Influential DApp
— Most Onchain Activity DApp

Fifty-six projects will be rewarded in total, with significant prices. The deadline to submit a project closes next year, on January 4th, and judging will begin the next day.

Who will be the judges? Several personalities in the cryptosphere Starting with Justin Sun, who needs no introduction as Tron’s Founder and CEO. But just for the sake of completeness, Mr. Sun was Ripple’s Chief Representative and Advisor and founded Peiwo in 2013 which has become China’s most used messaging mobile phone app. He studied under Alibaba’s founder, Jack Ma, at Hupan University as well as the University of Pennsylvania.

Then there’s Mr. Cong Lee, the US Head of Tron Protocol,  who worked at Google for a decade as a leader for backend projects, data pipelines, frontend, and other projects. He then moved to Airbnb to build the company’s third generation financial data process starting from scratch.

There’s also Vincent Niu. Mr. Niu is DappReview’s founder, which he started this year, in March, which is the largest and most influential decentralized application platform in China. DappReview provides observers with accurate decentralized applications data, user insights and market analytics in all kind of blockchains which include Tron, ETH, EOS, NAS, and many more.

Mr. Niu’s experience in dApps is extensive, and he’s written many reviews on the subject for his project. He’s a graduate from Stanford University and is a game enthusiast.

Alex Wern co-founded Aurora (he serves as its CEO now), and he’s been through Amazon, Adobe and IBM. He prioritizes security and user-friendliness.

Other judges include Daniel Fernández, Haozhi Chen, Dio Lanakiara, Discus Fish, Juliun Brabon and the man known simply as Nick. They are all characters in the blockchain technology industry.

Tron is obviously a superior blockchain platform that so far lacks enough decentralized apps to seriously compete with “old” giants as Ethereum. This effort is part of Tron’s drive to make the platform way more relevant in the cryptosphere by finding new applications, use cases, usability, and usefulness.

This is a global competition which is only limited by language (English or simplified Chinese). This contest is different from others because the developing team will win the prize but also retain ownership of their own project, which is not the rule in software contests.

The winners will be invited to Tron’s niTROn Summit in San Francisco, next year, with all expenses paid by the Tron Foundation up to $5,000 USD.

Image courtesy of Pixabay.

Zebitex adopts Ripple’s XRP paired against the Euro

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Zebitex is a French cryptocurrency exchange based in Toulouse. It’s the most important French digital exchange and it’s prioritized to offer several crypto coins paired against the Euro. It’s latest digital asset offered in a Euro pairing is none other than Ripple’s XRP.

Among the cryptocurrencies offered by this platform are Bitcoin, Ethereum, Litecoin, and Monero.

This platform has been involved in crypto since 2014 (which is a very long time by cryptosphere standards), it sells itself as a very secure environment (protected against DDoS attacks, full data encryption, compliant with PCI DSS standards), it supports cold wallet systems, it has a competitive commissions model (simple, transparent, no extra management fees), advanced charting tools so you can use all that technical analysis you’ve learned since you bought your first altcoin, and good customer support (fast and friendly).

This is a good development for Ripple’s XRP. It’s the first time that XRP will be available for crypto investors directly through the Euro fiat currency. XRP has become increasingly available in local fiat currencies the world over (Indian Rupees, Canadian Dollars, US Dollars, and now Euros).

XRP is becoming a very strong coin in terms of profitability, stability, and value. It beat the legendary Ethereum token for the second spot in terms of market capitalization and it’s the one token that’s remained relatively stable when most others have been losing value at insane rates. Why is that?

It’s because XRP is useful. Ripple’s fought very hard for XRP’s main use case to be successful. That use case is using XRP as a mediating coin that banks and remittances services can use to settle international transfers.

That’s been Ripple’s game all along, and it caused it to be quite unpopular in the cryptoverse. Why? The whole point in Bitcoin (and in cryptocurrencies, in general) according to the mythical cyber-hero, Satoshi Nakamoto, is to get rid of fiat currencies and the traditional financial system.

Ripple is trying to use its currency (XRP) and its blockchain technology to help it instead of destroying it. That’s anathema regarding Satoshi’s original intention. But it’s working in terms of usefulness and it’s rendering the token stable.

XRP was last year’s most profitable coin, it outdid even Bitcoin. After last December, it’s the one coin that’s held its ground in a market that’s been seriously dominated by an intense and protracted bearish run. Over the last eleven months, most coins have had losses that need two figures to be written while XRP has resisted at single digits. It’s even managed to grow compared to the rest.

Zebitex’s decision to list XRP paired against the Euro is meaningful because it’s the first time that this coin is going to be directly available in Western Europe using the local fiat currency. The new pairing lines up with Zebitex’s priority to offer several coins using the Euro, but also with Ripple’s which is always looking to find new markets and use cases for the XRP currency.

The new development will create additional trading volume for XRP in a market that was more or less virgin until now. That will pump up the coin’s prices and stability.

Image courtesy of Pixabay.

Tron making it to the top 3 blockchains by usage was pretty much on the cards

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How much is a cryptocurrency worth? Which cryptocurrency? Well not just Tron (TRX), any. Before you answer, please read the question carefully, we’re not asking you for a token’s price but for its value. Confused? Ok, let us explain.

Value and price are not the same things at all. The first one is about how much something should cost; the second one tells you what the market is willing to pay for it. There are valuable things that can be underpriced or overpriced, and there is also expensive junk.

The financial world has known this for centuries which is why it’s developed ways to analyze any market from both points of view. There is something called fundamental analysis. This discipline focuses on assessing the real value of any asset, company, or product. It’s not about price, but about potential, usefulness, chances of mass adoption.

This isn’t the most popular way of doing things because it needs an in-depth study and understanding of any market you want to join, but those who do it correctly (this has been Warren Buffet’s strategy all along) make a killing.

It takes discipline, patience, and knowledge. In crypto, there’s an interesting example of this. XRP is trading at 0.363 USD as we write this, which is very cheap.

Yet, a fundamental analysis carried out recently by a crypto think tank concluded that XRP’s actual value is of 1.7 USD. The reason the market is not willing to pay that much for it (yet) is that it hasn’t understood the technology and use cases that support the value. And there’s another reason too.

The other way to see the market is to focus on price only. That’s called technical analysis. This has nothing to do with value; it’s all about using a set of tools and rules, supported by historical data, that will allow you to surf the market. The objective here is to identify trends, and then ride the wave while it’s there. Then, you get out in time before everything goes down and you drown.

The point is to use price information to make money, and it doesn’t matter if you understand the technology, the product, or the company as long as you have reliable historical data you can use in charts and apply the typical technical analysis tools. This is the dominant way of doing business in crypto, and one of the reasons why speculation runs rampant.

So we will paraphrase our opening question: what makes a cryptocurrency valuable? This is, of course, open to debate and we could argue about it until the cows come home. But for this article’s purposes, we will posit that digital assets are no different than any other thing you can buy. They’re as valuable as they’re useful.

The next pertinent question is how do you measure usefulness? This can be a very subjective question, but, fortunately, in the blockchain world, we have an objective measure for this: activity. The most useful blockchain projects have the most users and the most activity which can be quantified regarding the number of operations completed daily.

Ok, after this rather protracted introduction we proceed to give you the day’s news when it comes to completed operations in the world’s blockchains: Tron made it to the top three.

And why does that matter? Because a blockchain that has that many users doing that many operations can only be useful, which translates to intrinsic value, which sooner or later also translates into rising prices.

Tron is trading at $0.014 as we write this article, and alongside all the major coins, it’s in red numbers to the tune of 7.67%, so maybe the market has yet to see it.

Tron is a valuable project that should not be underestimated because of the token’s low price, and this is not an opinion anymore. The number of completed daily operations doesn’t lie.

Image courtesy of Pixabay.

Tron (TRX) keeps growing and delivering

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Tron is a very rare blockchain project. Forget the huge ambition it has to decentralize the web using blockchain technology. Forget that it would render central authorities on the internet powerless.

Forget that, if it has its way, Youtube will never dictate terms again to a video blogger because he will be able to monetize his content directly from his audience using TRX tokens. Forget the incredibly adept marketing. Forget as well Justin Sun’s charismatic leadership and reputation.

But remember this: Tron is, very probably, the only project in crypto that has always delivered every promised milestone in time. On top of that, every time that happens, the new technology works according to expectations or better. That’s probably what makes Tron the rarest community in the cryptoverse.

Tron has delivered several milestones throughout the year already, and it’s kept growing at a very fast pace even when the market has been going down for eleven months and the TRX price has remained stalled, probably because it’s pegged to BTC which has had a terrible year and threatens to go all the way to 3k in the following days.

This week is one of those that just make Tron’s achievements more evident. The network has surpassed 2,000 online nodes as of November 26th.

This is amazing news for Tron. This is an organization that’s barely older than a year and, in such a short time, it’s managed to become one of the most reputed projects in the cryptosphere. It keeps growing, innovating and making bold moves that make sense, like buying BitTorrent.

But in many ways, this is just the beginning. Think about Ethereum (which is the place in which Tron started before it became an autonomous blockchain). The gas price is high, the token’s value is low and keeps dropping, and the network has not scaled its speed to accommodate the needs of all its users.

In days or weeks to come, we could see a migration of fed up Ethereum users and developers who want and need to do their work in a different network where the digital grass is greener. They are spoiled for choice as Cardano, EOS, and Tron can all accommodate them, but some of them (if not most) will surely choose to move to Tron, which will boost membership, developing efforts and will promote even more growth.

As we write this, Tron’s Tronix (TRX) token is at $0.0149. It’s holding ground against the dollar as well as the Bitcoin. It’s ranked 12th by market capitalization (again, it’s been barely a year) at $984 million.

More big things are about to happen for Tron. As you read this, the Tron foundation is getting ready to deploy the mechanism by which it will reward BitTorrent users all over the world for seeding their content.

As BitTorrent gets integrated into the Tron blockchain, millions of old BitTorrent users will become new Tron users (maybe unaware) that will receive coins as an incentive to keep BitTorrent going. It’s expected that BitTorrent’s performance will increase as it joins Tron and, also, that torrent users will seed their files for longer periods so that they can rip the benefits. That will boost demand for TRX.

Image courtesy of Pixabay.

Tron, BTC, and BNB in the mix as BitTorrent accepts crypto payments now

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BitTorrent Inc. is a Tron subsidiary (recently bought) and it’s the company behind the world’s largest decentralized P2P communication protocols and products which you surely already know: BitTorrent and µTorrent.

In a highly anticipated move, since it became part of the Tron world, the company announced that its popular Ads Free  and Pro products can now be bought using three digital assets, namely, Tron (TRX), BNB, and Bitcoin.

CoinPayments.net, one of the world’s leading payment processors for cryptocurrencies will provide the service for the company and its clients. Thus are decentralized currencies, and one of the most widely used decentralized applications in the world, joining forces at last.

“BitTorrent joins a growing list of online companies whose products and services accept TRX as payment,” said Justin Sun, Founder of TRON and CEO of BitTorrent. “With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.”

So now your alternative coins enable you to pay for one-year subscriptions of BitTorrent and uTorrent products which include Ads Free and Pro for Windows. Pro has anti-virus and anti-malware capabilities, it can convert multimedia files between formats and offers HD playability.

BitTorrent

BitTorrent started in San Francisco as a peer-to-peer file sharing network in 2004, at the time in which eMule and eDonkey, as well as a multitude of other P2P networks,  were competing for users.

Only BitTorrent remains relevant these days. BitTorrent enables users to share large files through the internet through a set of distributed technologies that allow for efficient scaling. This enables legitimate third-party content providers to offer data to their users.

Linux distributors, for instance, have been shutting down their download servers for CD and DVD images and, instead, offer them through BitTorrent. It saves everybody a lot of time, and a lot of money to the company.

BitTorrent’s applications are installed in millions of computers in 138 countries around the planet. It has at least a hundred million users in every possible operating system.

Tron

Tron is a blockchain 3.0 project with a mission. To accelerate the Internet’s decentralization process using blockchain technology and decentralized applications.

It’s one of the world’s leading public blockchains and, after recently acquiring BitTorrent, it’s the largest decentralized digital network ever to exist in the globe.

After Justin Sun Founded it, on September 2017, Tron has delivered on an interrupted stream of successful milestones which include the launching of an autonomous main net last May, network and token independence on the next month, the Tron Virtual Machine on August, and the Tron Developer’s kit last month.

When Justin Sun announced that Tron had bought BitTorrent, it created a lot of buzz and expectation, so the whole cryptosphere has been waiting to see what kind of developments could result of this “marriage”.

This is the first one, but as Tron incorporates the torrent network to the main net it’s expected that BitTorrent’s performance will increase and that users will be rewarded with TRX tokens for seeding their content. This could improve the network’s quality as more people seed more files for longer periods of time.

Image courtesy of Pixabay.

Tron CEO Justin Sun expects 400% growth in DApps in next 30 days

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Tron Foundation published the second report on DApp weekly performance last week. The report hinted rise in the creation of DApps as many developers have started to build their decentralized applications on Tron ecosystem. Currently, more than 20 DApps are up and running on its blockchain.

The usefulness of the DApps is attracting more grounds and some of the top DApps on DAppRadar like TRONDice is going very well. To be more specific, TRONDice, which is a gambling DApp stands in green by 283%, traded 66,399,382 as of the day. Likewise, TRONbet, DiceBet, and WINToken Games are also in strong position.

So, more than 20 decentralized applications are running on Tron blockchain now already. Due to the wide utility of the DApps, it is highly anticipated that Tron mainnet will be supporting 80+ Dapps in upcoming days. That’s something the blockchain firm founder believes so. Earlier today, Mr. Justin tweeted to express his views about current status DApps and his expectations concerning the growth ahead:

As the different groups of developers have started to develop more and more DApps on it, it is more likely that Tron mainnet will have a rise in DApps running on it. But it remains to be seen that whether 400% growth is attainable or not.

Tron has made an excellent progress so far this year. Yes, it’s going down but the market has not spared anyone including Bitcoin since the king seems to be nosediving at its worst. It is worth noting that despite the decline in price, Tron has been consistent in making progress; some of its recent strides include the launch of its Accelator project, successful Mainnet launch, and DEX release.

Yesterday, Tron CEO Justin Sun tweeted to declare another achievement of Tron DApps that Tronbet has surpassed Ethereum IDEX by performance and usage. Undoubtedly, Tron-based DApps are gaining popularity due to the Sun-led blockchain’s abilities and degree of efficiency which probably is only because of the tireless convictions of Justin Sun and his team.

TRX market overview

As of writing, Tron is 12th best cryptocurrency by market cap, trading at $0.012 and is down by 2.30% in the last 24 hours.

Image courtesy of Pixabay.

Tron (TRX) receives Binance Info gold label; Sun comments on the bear market

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The recent bear market has been nothing short of a massacre for the cryptocurrency market with several coins seeing multiple support breaks and deteriorating market cap. Tron, which has also suffered under the bear’s wrath has continued its progress towards mainstream adoption, which has been supported by officials of the Tron Foundation as well as Justin Sun, the Founder and Chief Executive Officer of the Tron Foundation.

In a recent tweet, Mr. Sun informed users that Tron had added another feather to its already burgeoning cap. The CEO announced that Tron has officially become one of the first round projects to receive Binance’s Gold label tag. In an official blog post, Binance had stated:

“Today, Binance Info is launching the Gold Label Project! TRON has officially joined this and has become one of the first round invitations that got verification from Binance Info. Now users or TRX holders can learn more about TRON’s team members, real-time trading, distribution of tokens, TRON news, etc. on Binance Info.”

According to the update, the first 100 cryptocurrency projects that will be a part of the initiative will be tasked to provide the most accurate, transparent and trustworthy project information for investors. Binance Info has also gone ahead and stated that as more users join the initiative, the movement for maintaining the accuracy of projects on the network only increases.

Sun was also in the news recently, when he suggested that users on the Ethereum network should move to the Tron network. He had tweeted:

“In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX”

The market crash was also brought into notice by the chief Tron official, confidently stating that Tron will overcome all obstacles. In his words:

“In today’s blood bath, we must remember that nothing has ever changed. #blockchain #bitcoin #DAPP is the future and #TRON will decentralize the Internet. Check out #TRON 6 month data, we haven’t seen such amazing increase before. Plz check after 2 years! #TRX $TRX”

Image courtesy of Pixabay.