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Robinhood to Provide Credit to Customers Affected by Outages in March

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Cryptocurrency companies have always claimed that customers were the most important cogs in the digital asset ecosystem. This mantra has been the sole crux in organizations ensuring strong customer satisfaction and feedback program.

Robinhood was the latest company to establish a customer partnership when the startup started providing credit to some of the customers impacted by the outages during the trading period. The organization came under fire as a result of several outages that blocked customers during crucial market movements.

Robinhood was hit hard this month after several customers complained that they had been locked off trading during peak market hours. Many of the concerns were about the glitches that caused investors to miss out on the windows on a historic trading day. The cryptocurrency wallet decided to roll out its new features to satiate customers who were affected as well as to build a stronger bond with the community. In an official release, Robinhood said:

“We’d lie to start with the apology you deserve: We’re sorry for the recent outage on our platform. Your support is what helps us democratize finance for all, and we owe it to you to do better. An apology alone won’t rebuild your trust in us. Instead, we hope our actions will.”

Although no amount has been discussed yet, Robinhood revealed that the payments will be conducted on a case by case basis. The wallet was also bashed on social media for the glitch that caused some people to be locked out for two days. It was not a typical shut down as users missed one of the biggest one-day point gain in the Dow Jones Industrial Average in history.

According to the Robinhood honchos, the application had crashed because of the momentum of the market. The wallet witnessed thousands of instant signups and a massive trade volume increase in a very short span of time. The resulting stress caused the wallet’s infrastructure to break down and hence shut out users. Robinhood’s engineering team revealed that they had strengthened and stabilized the wallet’s architecture even further.

It is understandable to see why Robinhood took this route after the meltdown that users had on Twitter during the outages. Several users threatened to pull their funds from the platform while others wanted to sue the cryptocurrency wallet company. Travis Taaffe was one of the Robinhood users who took it upon himself to file a lawsuit against Robinhood on behalf of him and several others.

According to the lawsuit, Robinhood was negligent about its services and caused great financial harm to its users. Mr. Taafe added in the lawsuit that a lot of traders were left in the surge as they were not able to move money during the price hike. The lawsuit has apparently not hurt the company as Robinhood reported historic growth in March. Robinhood spokespersons said that the average trading volume had increased by 3x since the last quarter.

Robinhood was also in the news recently when the company was valued at $7.6 billion. The surge in valuation came after multiple rounds of investments that bestowed confidence upon the company. Sources claimed that the 10 million-odd customers that Robinhood brought into the ecosystem have played a crucial role in giving the industry a millennial edge.

 

Here is all you need to know about Cardano light wallet Yoroi 1.8 update

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Cardano (ADA) is a prime mention when it comes to cryptocurrency. Web-based wallets and extension based wallets handle ADA. Yoroi is a Cardano wallet, which was named after the ancient Japanese samurai armor which was made of leather and iron.

Yoroi is chrome based extension later developed by EMURGO considering the security loopholes in web-based wallets. EMURGO is a third generation blockchain, who developed Yoroi in partnership with IOHK.

Web-based wallets are not so secured, considering their norms to run a local copy of Javascript code to create the password and private key. Also, web-based wallets are prone to DNS hijacking, where people will be fooled to redirect toa dubbed site which is a clone of the original and chances of losing Cardano are vast. And in another scenario, people at times download a virus assuming it is Daedalus. But with chrome extension, it is entirely different and with better security.

Yoroi in Chrome provides rapid development, with entirely built APIs and it’s also very secure considering the fact it runs inside a sandbox. Also, with Chrome’s inspection options, this becomes simple. The mere difference between Yoroi and Daedalus is that the first one is a light wallet, meaning it doesn’t download the entire blockchain, but instead it connects to other trusted servers that contain the full blockchain copy.

Now with Yoroi being a very prime option when it comes to Cardano, EMURGO has recently released an update for this light wallet- Yoroi 1.8.

Yoroi 1.8 has been released for Firefox and Chrome (Auto Update).

The update comes with the following new features,

  • Function for adding Cardano (ADA) payment URL
  • Balance hidden option
  • A new warning message if the device has failed to connect to the server
  • Support for the Indonesian Language

If you are using Daedalus and yet to download this light wallet, do it now and it will auto-update to Yoroi 1.8.

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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Ripple’s XRP Token is Now Available on imove Wallet

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The imove wallet is now more wealthy by one more cryptocurrency, and that crypto is XRP. XRP is the native token of the Ripple network, which sees itself as the future standard for cross-border payments, remittances and general transactions on a global scale.

The wallet can handle multiple currencies, allowing holders to use both fiat currency and cryptocurrency alike. All of this from one account that gives users the ability to do instant currency exchanges, deposits, withdrawals, and many other bank settlements.

This is a match made in heaven as both the wallet and Ripple itself are positioning themselves as general tools to overcome the problems inherent in today’s financial system with regards to transaction time, speed and ease of use.

Why is this so important?

Sending money to someone, even in the same country, takes a lot of effort (and time). While many people don’t realize it, money does change hands electronically despite what your online banking profile might have you believe. The modern financial transaction system is a patchwork of various systems and processes that have a friendly UI. This is the reason bank transfers are so expensive. It is the reason for sending small amounts of money to someone on the other side of the world can be costly.

Ripple’s system wants to change this and cut out the middlemen that have been garnishing the transfers of regular people for decades and replace them with an impartial, secure, and above all fast system. This system uses XRP tokens to represent value in many ways.

The addition of Ripple to imove’s wallet is yet another step in this goal to become the premier global transaction network for everyone. The imove wallet is already able to handle multiple crypto and fiat currencies, so it is the perfect platform for Ripple and XRP to thrive while giving current users more options.

Ripple is booming at the moment, with many a developer looking at their network to power their payments. Their former Chief Technology Officer has started up a blogging platform that works similarly to Spotify. Stefan Thomas’ Coil platform promises to be the Spotify for written content, with easy entrance into the world of crypto.

What’s up from here?

Ripple is hard at work, finding more and more partners. They were finally added to Coinbase earlier this year, and there was a flurry of activity in the mainstream media comparing Ripple to JPMCoin where there was heated debate about the usefulness of either cryptocurrency.

The problem with JPM Coin, many said, is that banks would prefer to use an independent system as opposed to a competitors system. This is where Ripple shines – it is an independent network that is already miles ahead, technologically to its competitors.

When the imove wallet entrance is looked at from this angle – it certainly bodes well both for investors and users of the Ripple network.

Disclaimer: 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.

LTC is now available in Bitpie, here is what it means for Litecoin Foundation

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Bither is a “simple and secure” Bitcoin wallet available as a mobile app for Android and iPhone devices. You can also use it as a desktop application. The team behind Bither is involved with many other blockchain and cryptocurrency projects. Bitpie is one of those, which is also a wallet of sorts, but it’s more versatile and powerful.

Bitpie describes itself as an industry leader wallet that features support for several blockchains (including the big players such as Bitcoin and Ethereum, but also EOS, USDT and others). And now it supports Litecoin already, too.

The Australian project aims to provide safe asset management and decentralized applications for users on the planet. The experience that Bither has given this team has allowed them to create a versatile and useful wallet in which convenience, safety, and control over your digital wallet go together seamlessly.

Bitpie supports Coin Swap and Instant Trade, which are two blockchain-related protocols that make transacting between different blockchains more accessible and practical. But that’s mostly under-the-hood, an average user doesn’t really need to be concerned about that kind of thing at all.

They just will notice that every transaction is clean, fast, cheap, and reliable. Well, there’s one thing that users will see. Coin Swaps do not need for customers to follow the bothersome Know-your-customer (KYC) protocols that can be a little intrusive and always take a bit of time.

Both are cutting edge services that are already available in the wallet for SCNY, EETH, EBTC, EUSD, ETH, USDT, and BTC. And, since the March of this year, for LTC as well. The new feature adds versatility and ease of use for Litecoin holders, which will surely be appreciated.

The advanced Bitpie wallet continues to add new coins to its list all the time and to maintain and improve the service it offers to the already available tokens. The team’s extensive expertise allows them to come up with superior user experience.

It’s essential to keep in mind that this is a crypto wallet in which ease-of-use and eye-candy are not the core values. On the contrary, these are developers with a deep understanding of blockchain technology, and they bring that to the table so that the product is reliable from the very foundation.

The new development is good news for Litecoin as the Litecoin Foundation has been pressing hard to achieve mainstream adoption for its cryptocurrency in many different ways. It’s done marketing campaigns, Twitter hashtag campaigns, and it even bought part of a German bank so that having presence within the conventional financial system makes it easier to issue crypto-backed debit cards. And now, LTC will be a better option for Bitpie users as well.

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.

Huobi supports Tron’s decentralized applications now

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Huobi

Huobi calls itself “The Financial Hub of Digital Assets.”

The Huobi group was established in 2013 with financing by ZhenFund and Sequoia Capital, which are amongst the cryptoverse’s biggest players when it comes to venture capital. The platform’s turnover is higher than 1.2 Trillion USD and, once upon a time, it managed 50% of the global trading volume.

The group has created more than sixty upstream and downstream enterprises. These subsidiaries are compliant in countries like Hong Kong, Brazil, Canada, Australia, the United Kingdom, South Korea, Japan, and Singapore. That allows this industrial group to service millions of users in 130 countries in the world.

Huobi’s platforms include a wallet (Huobi Wallet). Yesterday, Huobi announced that its wallet will support Tron’s decentralized apps now. That’s not surprising as Huobi has become one of the world’s more Tron-friendly platforms (and wallets). And if you download your Huobi Wallet right now you’ll be able to share in a pool of 10 million TRX tokens over the next three days.

Wallets and decentralized networks

The next question would be, why should you ever need a wallet to navigate Tron’s web? It’s actually very simple. Decentralized applications are not exactly free to use. For instance, if you’re going to use TronBet to have some fun you’ll need a few TRX tokens to place bets.

But even if you don’t, using a decentralized network needs for users to own some tokens. That’s why every blockchain includes tokens within the project. If you’re using dApps you need to have some tokens to browse around the network.

You have to pay a little (or a lot if you’re in Ethereum) for every click or transaction. That’s called “gas”. And it’s a good thing. It’s not about greed from the network. It’s about avoiding the kind of abusive behavior that ends up in DoS attacks and things of the sort because you can’t send infinite requests to a website if you have to pay for each answer.

So this is a good thing. Now you can use one of the world’s most reliable wallets (Huobi’s obviously) to join Tron and have some fun around the network. This is not small potatoes if you take into account that Tron is now the world’s largest decentralized network when it comes to dApps (yes, it’s beaten both EOS, and Ethereum, its closer competitors).

This gives cryptonauts all over the world extra resources, means and ways to join the Tron Network. It’s never been easier to join.

Over the next few months, Tron will become the world’s largest decentralized networks. That will happen as the BitTorrent becomes a part of the Tron Network and then, the world’s largest provider of decentralized content in the world will be Tron, hands down.

Even Youtube and Google will be utterly unable to compete. And Tron will be decentralized and will provide passive income for users.

And that, as the time comes, will also be helped by the ability to use your Huobi wallet as you browse around the new Tron/BitTorrent network (it will be called Project Atlas).

So this is great news for both Tron and Huobi. We salute Huobi’s decision!

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.

Trust Wallet Core now supports Tron blockchain, what to expect?

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Trust is a secure multi-cryptocurrency wallet; recently, it launched an open-source, cross-platform cross-blockchain wallet core that supports TRON and different blockchains. The pronouncement of the news was stated on Feb 28th, last month, as per which the open-source core wallet will assist developers in creating decentralized applications and wallets using its interface.

Justin Sun, TRON’s founder tweeted about the recent development on his official Twitter page. His tweet reads:

Subsequently, the Trust Wallet Core now supports not just TRON alone, but other digital assets such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dash, Zcoin, Zcash, BNB Coin, Ripple, Wanchain, Icon, Vechain, and TomoChain.

About Trust Wallet Core

Trust Wallet Core is a wallet library that upholds common hashing functions, key derivation, etc., and faciliates developers with more functions to create Dapps and wallets. Additionally, this wallet library also supports transaction signings for every blockchain and focuses on assisting the creation of cryptocurrencies and wallet integration since it is an open-source wallet core platform.

One of Trust Wallet officials said this about the Trust Wallet Core:

“We are happy to announce the open-sourcing of Trust Wallet Core—an open-source cross-platform cross-blockchain wallet library. The library supports all common hashing functions, elliptic curve cryptography, key derivation, address encoding/decoding, and transaction signing for all supported blockchains.

According to Trust Wallet official website, Trust Wallet Core is a cross-blockchain platform with lots of idiomatic interfaces. It implies that if you use this library, you can use any interface that you think is well-suited with the language that you are using. For example, if you are building an Android application, you can make use of Trust Wallet Core because of its wide range of interface and functions.

According to the platform, the JNI code for Android and the Swift code for IOS interface is present for all users of the platform. Developers can choose different interface and language they want to use at any time. The platform aims to provide the Javascript interface for developers very soon.

The Wallet Core itself was created using the C++ with a C interface, allowing codes to be written quickly.

How Developers on TRON network Can Be Part of This Platform

Dapp developers on TRON network and other blockchain platforms can get themselves involved by taking a look at Trust Wallet Core’s GitHub repo. Developers can also take a look at its Telegram Group to chat and ask questions in case of any difficulties.

Final Words

Trust Wallet aims to add more digital assets and interfaces. It is also important to note that the platform aims to improve its library and make it easy for developers to add new blockchains. It’s already an interesting product for developers, so with many more exciting developments in the pipeline, Trust Wallet could become an eye candy of Tron community soon.

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.

The Best TRON Wallets to Keep Your TRX Tokens Safe

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TRON is one of the best cryptocurrencies in the crypto-space today. It is a decentralized blockchain platform that has lots of Dapps deployed on it. The Sun-led blockchain is very popular as its token is widely used around the world today.

TRON was initially launched on Ethereum’s blockchain network; however, the TRON network took a step forward by migrating from ERC-20 into creating its own MainNet in June last year. Due to the fact that TRON has relocated to its very own MainNet, it’s necessary to have TRX wallets that are highly compatible with the present MainNet.

Where to keep your TRX safe is a major concern today, and in this article, we will take a detailed look at the best TRON wallets to save your TRX tokens. Some of these wallets are PC, mobile, or web-based, and you will know how to use them very securely.

The Best Tron Wallets

  • TRON Android Wallet

The TRON Foundation itself has promoted the TRON Android Wallet. This is because it has a multi-functional setup, with an attractive user interface along with a TRON cold wallet structure. These features make it easy for users to store their TRX tokens securely.

However, this wallet is specially made for Android phone users only. It is encrypted by a passkey which can only be retrieved through a 24-word recovery key. This wallet is trendy because of its beautiful features.

  • Atomic Wallet (Multi-Wallet)

Atomic is a popular and very secure non-custodial Tron multi-wallet that enables managing over 500 other crypto coins and tokens in the app. Users can buy, exchange, and manage their crypto holdings in a well-protected and smooth interface.

Your private keys get generated from mnemonic. When you end up going with Atomic wallet, your funds’ security comes down to your very own hands entirely. Atomic is available for macOS, Windows, Linux, iOS, and Android.

  • TRON Chrome Extension Wallet (Browser Extension)

One of the best wallets this year is the TRON Chrome Extension Wallet. This wallet is user-friendly, and it is the best TRON wallet for Chrome users. This wallet is web-based, and you can store and receive your TRX very easily without being hacked as transactions safely.

Your TRX tokens are highly secured, and as per reviews of TRON wallets, this secure option has been highly recommended by many experts for TRON holders.

  • TRON IOS Wallet

This is one of the added wallets on TRON network. It is another mobile-based wallet as the Android wallet but is specifically built for IOS phones. The Tron Foundation backs this mobile wallet (through the loan).

Additionally, this wallet is an open-source wallet that has the ability to secure private keys. It has a beautiful and easy to use interface. It is important to know that this TRON wallet is among the most used wallets on TRON network.

  • Ledger Nano S (Hardware Wallet)

Hardware wallets like Ledger Nano S have strong encryption and are really hard to hack into. The Ledger Nano S is one of the top crypto hardware wallets in the cryptocurrency-space today.

It is portable, and it has a USB port you can use to connect to your PC. You can use this hardware wallet to store not only TRX tokens but more than 500 cryptocurrencies.

Since it is a hardware wallet, you need to install the Tronscan desktop wallet from Github, to store your TRX tokens.

  • Exodus (Desktop Wallet)

The Exodus is also one of the most secured wallets today. It is notably known for its beautiful interface. You can store different cryptocurrencies – not only TRX alone. Also, you can exchange your tokens using the built-in ShapeShift integration.

  • TRON Paper Wallet

The TRON Paper Wallet is also considered to be one of the safest methods to save your TRX tokens – together with the TRON Chrome Extension Wallet, due to the fact that token transactions on these wallets are only achieved offline.

With a paper wallet, your public and private keys are printed on paper, making your passwords offline. When you follow the instructions for using a Paper Wallet, it will be next to impossible for your tokens to be stolen.

  • Guarda Wallet

Guarda wallet was created to provide users with a better experience in the cryptocurrency industry. The wallet supports over 45 chains and over 10,000 tokens. The wallet has reiterated its focus on a multi-platform approach and has web, desktop, Google Chrome and mobile devices versions available.

Guarda also offers the multi-signature facility, staking, and support for privacy-oriented coins such as Monero and ZCash.Using Guarda, people will have the first-hand experience with an in-built exchange service as well as a lowered exchange amount for some cryptocurrencies trading pairs. Guarda, which already supports Tron based tokens, also allows users to buy Tron coins using an inbuilt purchase service.

Final Words

So you have it! These secure options retain the place of the “Top TRON Wallets” centered on TRON news, user-friendliness, security concerns, and compatibility. As you can see, we have placed different options: from mobile wallets to a paper wallet. For people who want to get the most secure and easy choice, you can use either the Tron Paper Wallet or the TRON Chrome Extension Wallet.

And of course, it is vital for individuals to choose only from the wallets mentioned above as they have been verified by the TRON Foundation.

However, no matter the type of wallet you have decided to go for, it is critical to keep up with solid practices like safeguarding your passwords and private keys at all times.

Editor’s Note: The article was updated on September 12, 2019, to include Atomic wallet on readers’ requests.

Image courtesy  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.