Ripple (XRP) and TRON (TRX) Prices Slide Despite Major Progress

Ripple (XRP)

The cryptocurrency market is trading in the red again today. Bitcoin (BTC) has just dipped below the $6,600 mark and Ethereum (ETH) is trading just above $225. Both Ripple (XRP) and TRON (TRX) are sliding down today, despite both announcing major news regarding their projects recently.

Let’s take a closer look at Ripple and TRON and their latest project advancements.

Ripple (XRP)

Ripple concluded its Swell 2018 conference last week in San Francisco.

#SwellbyRipple is a wrap for 2018! Thanks to all those who joined us in SF, and for those who ...

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EOS, TRON (TRX), and Litecoin (LTC) Updates: Prices Up and Down

EOS

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m ...

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September Volume Report: Altcoins See Increase in Trade Activity

September Volume Report: Altcoins See Increase in Trade Activity

September saw all but three of the top twenty cryptocurrency markets post an increase in monthly trade volume. XRP pairings saw the strongest month-over-month volume gain, with 30-day volume tripling when compared with August.

Also Read: Markets Update: Crypto-Traders Patiently Wait for a Break Out 

BTC Stagnates, USDT and ETH Post Strongest Volume Since Q2

September Volume Report: Altcoins See Increase in Trade ActivityDespite relative stagnancy in monthly BTC trade volume, an increase in altcoin trade during September appears to have corresponded with an increase in USDT and ETH trading activity.

September saw approximately $124.3 billion USD worth of trade take place across all BTC pairings – comprising a meager 0.24% increase in trading activity over August’s $124 billion, and marking September as the second weakest month of trade for BTC pairings this year.

Trade volume for USDT pairings increased by almost 4.5% percent month-over-month – with $86.5 billion worth of USDT changing hands during September.

ETH pairings broke a multi-month trend of declining trade volume, with September’s $53.8 billion comprising a 17.6% increase over August’s $45.75 billion.

Monthly XRP Trade Volume Triples

September Volume Report: Altcoins See Increase in Trade ActivityXRP posted a dramatic increase in trade activity for September, disrupting the top rankings by volume to rank as the fourth most-traded cryptocurrency pairing after ranking seventh for four consecutive months. XRP pairings saw $24.7 billion worth of trade take place during September – a 216% increase over August’s $7.8 billion.

EOS was the fifth most traded cryptocurrency during September, with $20 billion in trade. Despite slipping down a place in the rankings, EOS posted a 10.5% increase in trade volume over August’s $18.1 billion.

Bitcoin Cash pairings produce $12.9 billion worth of trade during September, comprising a 26.5% increase in volume over August’s $10.2 billion.

LTC was the seventh most traded cryptocurrency during September – with $9.6 billion trade. The month saw a 34.5% increase in trade volume over August’s $7.14 billion and comprised the strongest month for LTC trade since May.

Monthly ETC Trade Volume Drops by One Third

September Volume Report: Altcoins See Increase in Trade ActivityDash has continued its steady climb up the top rankings – gaining one place for the second consecutive months since reclaiming its top ten position in July. During September, Dash was the eighth most traded cryptocurrency with nearly $6.5 billion in volume – a 23.5% increase over August’s $5.26 billion.

ETC has broken its four-month-long trend of increasing volume month-over-month after sliding to ninth with $5.1 billion in 30-day trade volume. Ethereum Classic was the only top ten cryptocurrency market to post a drop in month-over-month volume during September – posting 35.5% drop in volume compared with August’s $7.9 billion.

CKUSD climbed two places to rank in the top ten most traded cryptocurrencies for September with $4.07 billion in trade. September saw CKUSD post a 21% increase in volume over August’s $3.36 billion.

Most Top 20 Altcoins Post Volume Increase

September Volume Report: Altcoins See Increase in Trade ActivityQTUM moved one place up the rankings to eleventh during September after posting $3.64 billion in trade, despite volume dropping by 9% from August’s $4 billion.

TRX moved up one rank to twelfth for September with $3.52 billion in trade – a 2% gain over August’s $3.45 billion.

ZEC maintained its position at 13th after posting $3.36 billion in trade- a nearly 16% gain over last month’s $2.9 billion.

NEO moved up three places to rank fourteenth after producing $2.61 billion in 30-day volume – a 30% gain over the $1.83 billion in trade posted last month.

XLM has held its position at fifteenth for the third consecutive month after posting $2.3 billion in during September – an 18.5% gain over August’s $1.94 billion.

ADA has maintained its rank at sixteenth for the second month in a row. ADA posted $2.1 in trade volume during September – a 14.1% gain over last month’s $1.84 billion.on in trade – a 25% gain over August’s $1.615 billion.

ONT fell four positions to rank eighteenth this month. ONT posted $1.45 billion in monthly trade volume – a 38% drop from last August’s $2.34b.

BIX gained two positions to rank seventeenth during September after posting $2.02 billion in trade.

BTM appeared on the top twenty rankings during September after posting 1.34 billion in trade.

XMR ranked twentieth for volume this month, producing 1.05 billion in trading activity.

Do you think that volume in the altcoin markets will continue to increase? Share your thoughts in the comments section below!


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Ethereum (ETH), Litecoin (LTC), and Monero (XMR) Rise from the Ashes

Ethereum (ETH)

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning.

Recently, the market hit its year-low, and many of the coins reached their yearly lows as well.

Let’s take a closer look at these three coins and their latest developments.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by its total market cap, hit its year-low this week, sinking below $180. ETH hadn’t been under the $180 price point since late June ...

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August 2018 Volume Rankings Report: ETC and Dash Top Ten

August 2018 Volume Rankings Report: ETC and DASH Top Ten

During August, the monthly volume posted by the majority of leading cryptocurrency markets continued to decline. Despite such, the ETC and Dash markets again defied the trend to post an increase in trade volume, with XRP also bucking the downward trend this month.

Also Read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Top 5 Most Traded Cryptocurrency Markets Posts Month-Over-Month Decline in Volume

August 2018 Volume Rankings Report: ETC and DASH Top TenTrade volume for BTC pairings declined by 5.34% during August – falling from $131 billion USD last month to $124 billion during the last thirty days, according to Satoshi Pulse.

USDT saw the smallest volume fluctuation of the major cryptocurrency markets this month, with $82.9 billion worth of Tether changing hands during the last thirty days – a 3% drop in trading activity when compared with July.

ETH has maintained its position as the third most traded cryptocurrency, however, saw a drop from July’s $53 billion in thirty-day trade volume to post $45.75 billion for August. The nearly 14% drop marked the third consecutive month of declining volume for Ethereum.

EOS also posted its third consecutive month of declining volume, with August’s $18.1 billion down nearly 11.3% from July’s $20.4 billion.

Bitcoin Cash saw a drop in trading activity during August, dropping 31.3% from July’s $14.85 billion to post $10.2 billion in thirty-day volume.

ETC, XRP, and DASH Defy Downward Trend

August 2018 Volume Rankings Report: ETC and DASH Top TenOf the top ten most traded cryptocurrencies during August, ETC, XRP, and Dash were the only markets to post an increase in volume month-over-month.

Ethereum Classic climbed from eighth to sixth after experiencing an increase in thirty-day trading volume for the fourth month in a row – with August’s $7.9 billion comprising an approximately 18% increase over July’s $6.7 billion for ETC.

XRP has maintained its position as the 7th most traded cryptocurrency market, with August’s $7.8 billion comprising a 13% increase in trade volume over July’s $6.9 billion.

LTC experienced a slide back down to eighth after ranking sixth for two consecutive months after posting $7.14 billion in thirty-day trade volume – a 16.7% drop in trading activity when compared with July’s $8.57 billion.

Dash has continued to climb the rankings, with August’s $5.26 billion elevating Dash to ninth position and comprising a 5.2% month-over-month gain from the $5 billion in thirty that propelled DASH into the top ten most traded markets last month.

Despite posting a 9.1% drop in monthly trade volume, Qtum has crept back into the top ten most traded markets with $4 billion after dropping to 11th last month with $4.4 billion.

Many Leading Crypto Markets See Significant Volume Volatility

August 2018 Volume Rankings Report: ETC and DASH Top TenThe TRX Markets have continued to slide down the rankings, sitting at eleventh for August with $3.45 billion – a 36.7% drop from last month’s $5.45 billion. TRX was the sixth most traded cryptocurrency market during May, however, slid to ninth during June and July.

CKUSD has climbed from fourteenth to rank twelfth for August after posting $3.36 billion in monthly trade volume – a roughly 16% increase over July’s 2.9 billion.

ZEC posted among the strongest volume gains produced by a leading cryptocurrency market during August, with $2.9 billion worth of Zcash exchanging hands during the last thirty days – an approximately 35% increase over July’s $2.15 billion. ZEC ranked thirteenth for August, up from sixteenth last month.

Ontology saw the strongest percentage gain in trade volume of the leading crypto markets, with August’s $2.34 billion comprising a 41% increase over July’s $1.66 billion. The increase in trading activity has elevated ONT from the twentieth to the fourteenth most ranked cryptocurrency market by thirty-day trade volume.

XLM has maintained its position as the fifteenth most traded cryptocurrency, despite August’s $1.94 billion comprising a 15.65% drop from July’s $2.3 billion.

ADA and NEO Slide Significantly in Volume Rankings

August 2018 Volume Rankings Report: ETC and DASH Top TenADA saw a significant drop in trading activity during August, sliding from thirteenth in July to sixteenth this past month with $1.84 billion – a 40.65% drop from last month’s $3.1 billion.

NEO saw the largest drop in trade volume of the major cryptocurrency markets, sliding from twelfth to seventeenth after posting a thirty-day volume of $1.83 billion – a 46.2% drop from July’s $3.4 billion.

Do you think that the majority of the leading cryptocurrency markets will continue to posting declining volume month-over-month? Share your thoughts in the comments section below.


Images courtesy of Shutterstock


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The post August 2018 Volume Rankings Report: ETC and Dash Top Ten appeared first on Bitcoin News.

EOS, Litecoin (LTC), & Tron (TRX) Fall

cryptocurrency market fall

As we start out the fourth week of August, we see most of the cryptocurrency market fall. Bitcoin (BTC) is trading just below $6,500 and Ethereum (ETH) has once again dipped below $300. This weekend, the market took a slight rise and almost peaked over $225 billion, but has since been corrected.

Let’s take a look at EOS, Litecoin (LTC), Tron (TRX), and their latest project updates today.

Cryptocurrency Market Fall – EOS

For the third month in a row, EOS has been given the top rating spot on China’s national blockchain ratings. The ...

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EOS, Tron (TRX), & VeChain (VET) Get a Boost

Altcoin gainers today

Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.

EOS, Tron (TRX), and VeChain (VET) are all altcoin gainers today – let’s take a closer look at their prices and latest project updates.

Altcoin Gainers Today: EOS

EOS was passed by Stellar earlier this week for the fifth largest cryptocurrency by total ...

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LINE Launches $10 Million Token Venture Fund, Lists TRON on Crypto Exchange

Japan’s largest messaging app LINE has established a new corporate token venture fund with $10 million in capital for startups in the blockchain and crypto industry. With over 600 million registered users and 200 million monthly active users worldwide on its messaging app, Japan’s LINE announced its entry into the cryptocurrency space after filing to

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TRON (TRX), IOTA (MIOTA), and Ethereum (ETH) Lose Big

Ethereum (ETH), TRON (TRX), IOTA (MIOTA)

The crypto market has been taking quite a beating these past 36 hours. Bitcoin (BTC) is currently trading around the $6,000 mark and currently holds 54% of the total market dominance. Many of the altcoins are suffering, especially Ethereum (ETH). We’ll also take a closer look at TRON (TRX) and IOTA (MIOTA), two other altcoins on the market that are currently suffering big.

Ethereum (ETH) News

Yesterday, the second largest cryptocurrency by market cap fell to its year-low of under $300. According to CoinMarketCap, ETH is trading at $261.46 a coin, down -15.01% in 24 hours. ...

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TRON Mainnet Has 100,000+ Accounts—Is TRX Catching up to Ethereum?

TRON vs Ethereum

TRON has been in the news quite a bit recently, and for good reasons, too. The latest piece of TRX news came today, August 2nd, and it has caused the TRON vs Ethereum debate to rage on.

TRON vs Ethereum: Who’s the Leader Now?

On Thursday, Justin Sun provided an update on the TRON mainnet. The founder tweeted to his 431 thousand followers on Twitter that the TRON mainnet now has over 100 thousand accounts established.

The total number of accounts on #TRON mainnet exceeds 100 thousand and block height has already reached 1100078 ...

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July 2018 Volume Rankings Report: BTC Extends Dominance

July 2018 Volume Rankings Report: BTC Extends Dominance

During July, the majority of leading cryptocurrency markets have produced stagnant or declining volume month-over-month. BTC, USDT, and DASH were the sole top ten markets able to buck the trend, with BTC’s trade volume notably increasing by 4.6%.

Also Read: Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners

BTC Extends Lead Relative to Other Top Markets

July 2018 Volume Rankings Report: BTC Extends DominanceAs of this writing, more than $131 billion USD worth of trade has reportedly taken place on the BTC markets in the last 30 days. The trading activity has seen BTC extend its lead as the dominant cryptocurrency, with the combined trading volume of the other top ten most traded cryptocurrencies excluding USDT equating to roughly $121 billion.

The 30-day trade volume for the BTC markets has increased by 4.6% over June’s $125.5 billion. However, it is significantly lower than the $185 billion in trade recorded during May.

July also saw BTC extend its dominance by market capitalization – which grew from approximately 42.75% at the start of the month, to 47.5% as of this writing.

USDT Sees Highest Percentage Increase in Monthly Trade Volume for July

July 2018 Volume Rankings Report: BTC Extends DominanceOf the top traded cryptocurrencies for July, USDT showed the largest percentage increase in trade volume, gaining 11% over June’s $77 billion to post $85.5 worth of trades during the last 30 days.

ETH has held its position as the third most traded cryptocurrency token, producing roughly $53 in trade during July – which comprises a nearly one billion drop from June.

EOS has maintained its position as the fourth most traded cryptocurrency, however, also suffered the largest percentage drop in 30-day volume. EOS’ trade volume fell from $32 billion, posting a monthly volume of $20.4 billion – a 36% drop in total trading activity.

BCH Volume Grows Slightly

July 2018 Volume Rankings Report: BTC Extends DominanceBitcoin Cash trade volume increased slightly this month, gaining from $14.7 billion in June to $14.85 billion. BCH has continued to hold as the fifth most traded cryptocurrency markets.

Litecoin has held its position as the sixth most traded cryptocurrency for the second consecutive month, after having gained two positions during June. 30-day trade volume for LTC decreased by 7.8%, falling from $9.3 billion in June to $8.57 billion.

The seventh most traded cryptocurrency, XRP, also experienced a notable drop in volume – which fell by nearly 17% from $8.3 billion last month to $6.9 bn in the last 30 days.

Dash Breaks Into Top Ten Most Traded Cryptocurrencies

July 2018 Volume Rankings Report: BTC Extends DominanceFor the second consecutive month, 30-day volume for Ethereum Classic increased by $100 million month-over-month. ETC is the eighth most traded cryptocurrency with a monthly volume of $6.7 billion.

Tron has held onto the position of ninth most traded cryptocurrency after suffering a significant drop in volume between May and June. TRX posted $5.45 billion in trade for July, comprising a 9% drop from last month’s $6 billion.

DASH pushed into the top ten most traded cryptocurrencies during July, posting $5 billion in 30-day trade volume. DASH beat out QTUM – which despite gaining over 25% in volume month-over-month, sits at eleventh for July with $4.4 billion in trade volume.

12th to 20th Most Traded Cryptocurrencies Tightly Contested

July 2018 Volume Rankings Report: BTC Extends DominanceNEO ranked twelfth for July with nearly $3.4 billion in 30-day trade volume. ADA ranked thirteenth with almost $3.1 billion. CKUSD followed closely with $2.9 billion.

XLM ranked 15th with 2.3 billion in 30-day trade volume, followed by fellow Coinbase prospect ZEC with 2.15 billion. BTM ranked seventeenth with $2.1 billion, followed by MITH with roughly $2 billion, TRUE with $1.8 billion, and ONT with $1.66 billion.

Do you think BTC will continue to extend its dominance in trade volume relative to other cryptocurrencies in coming months? Share your thoughts in the comments section below!


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Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out Satoshi Pulse for all that hot market action!

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PR: 1+1>2 – Justin Sun Acquired BitTorrent

1+1>2 - Justin Sun Acquired BitTorrent

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Few people know about the two failed attempts made by BitTorrent, former P2P leader, to transform itself into a media company after its decline from the height of BT download. Obviously, though once a technological game-changer, BitTorrent is no longer a favorite of the Internet industry. Its rebirth backed by Tron drew a period to its past decade of adversity. Now in a new jack of the classical Internet, Tron is also turning a new page.

A week before Tron’s mainnet launch, the news that Justin Sun and his blockchain startup acquired the developer of BitTorrent, a decentralized P2P protocol, for USD$140 million drifted across the Pacific. For a long time, BitTorrent has been looking for a buyer. It finally made the decision to join Tron, a star project in the rising tide of blockchain technology.

Redemption of the classical Internet

There are always people in this world who are fighting for a nation of their dreams—a liberal, equal, democratic, self-governed nation that no longer bows to authoritarianism or cheats the young or the old. This is also true of the world of the Internet. Here are also revolutionary geeks who never stopped decentralizing the web.

In 2004, a new mode of decentralized download frenzied global Internet users. BitTorrent introduced the P2P network as a new way of sharing and storing data. Different from the server-based mode, with BitTorrent everyone can provide other terminals with downloadable data, meaning that the more people exchange and share via BT, the faster the download speed. This makes the sharing and distribution of large files (e.g. videos) much easier. BitTorrent marks a milestone in the development of classical Internet when the flow of videos began to overtake audios.

BitTorrent is undoubtedly a pioneer of P2P data sharing, storage and backup under a distributed network structure. More importantly, it created a new perspective for the underlying layer that evoked new understandings and conceptions of the Internet.

Justin said in his Letter to the Community, “BitTorrent is the genesis of the decentralization movement. Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”

However, BitTorrent’s open-source protocol and copyright issues with shared files soon exposed more problems. Content creators and publishers attacked P2P technology represented by BitTorrent for its security issues, hacker attacks, private information leakage, policy restrictions, profit distribution and copyright issues. In addition, with the rise of video websites, P2P transmission’s occupancy of Internet flow dropped continuously.

Although BitTorrent is still home to at least 170M monthly active users and 40% of global Internet flow, the commercialization of its technologies remains a great challenge. The founder of BitTorrent believes that a company with a great tool should do something greater.

In the wake of the Bitcoin boom, blockchain technology based on distributed P2P network, encryption algorithm and consensus sparked hope in the classical Internet. The asymmetrical encryption algorithm of blockchain technology enables protection of privacy while establishing direct P2P connection. Any third parties cannot engage in P2P interaction. Data decentralization is realized by placing the storage and calculation of data in users’ own hands. Meanwhile, the use of smart contract allows every contributor to share interest peacefully and fosters consensus of data on the application level, which strongly backs the legitimacy of a decentralized web.

BitTorrent’s official website also shows the direction it is heading. It aims to realize higher mobility of data. It wants to allow content creators to profit from their creations and users to be able to jointly construct the ecosystem in ways they love, with consensus on contents shared. It does seem that BitTorrent will find its best ally in the blockchain industry.

Intrinsic compatibility draws BitTorrent and Blockchain together. It is said that the TRON Protocol, one of the largest blockchain-based operating systems in the world, offers scalable, high-availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem. The Protocol also uses an innovative, pluggable smart contract platform to improve compatibility with Ethereum smart contracts. TRON holds a vision of establishing a global free entertainment system and decentralizing the web.

A generous USD$140 million payment not only lifted BitTorrent out of its struggles, but also signals a new attempt to the classical Internet and the blockchain industries.

Mutual benefit: 1+1>2

This huge acquisition, yet another big move since TRON declared independence, caused a great stir in the blockchain industry where excitements crop up one after another.

Technologically, joining hands with BitTorrent will definitely strengthen TRON’s distributed underlying network. It is learnt that BitTorrent will provide help on the storage layer of the TRON protocol to improve its overall performance and stability. In essence, the marriage of BitTorrent’s technology and TRON’s blockchain technology will apply, through the joint construction of a secure cloud computing database storage, BitTorrent’s technologies to where real commercial value can be created. This collaboration will also bring to the fore the strengths of deploying strong underlying protocols such as cloud storage, distributed download, and content distribution on TRON’s public blockchain.

A highlight of the acquisition is that BitTorrent’s 100M+ users are now TRON’s. In fact, the two companies have more users than any other player in their respective fields. It is the 170M+ monthly active users that made BitTorrent one of the best performing protocols based on P2P technology. By TRON’s declaration of independence on June 25, there were already over 1.2M TRX holders worldwide, outnumbering any other token holder community.

The influx of 100M+ users further consolidates the user base of TRON’s ecosystem and injects vitality into its community. For one thing, TRON’s ecosystem fulfills the long-existent needs of BitTorrent users. With TRON’s incentive plans, these users will be able to recognize its values and foster stronger consensus, which will encourage them to become TRX holders. The thus rosy outlook of TRX will expectedly result in satisfactory performance despite a sluggish market, securing its place within the top 10 and bringing it closer to the 6th place.

For another, driven by vested interest and shared values, not only will BitTorrent content contributors be propelled to engage actively in community development, but also client acquisition cost and the cost of user activity can in turn be significantly lowered. In this way, more contribution can be made to the establishment of a global free entertainment system, lowering the threshold of the final commercialization.

It not only excited the youthful TRON, but also demonstrated to the blockchain and the traditional Internet industries how 1+1>2.

As we all know, embattled by user issues and high flow costs, dividend of the traditional Internet is no longer intact. It is desperately in need of a new incentive mechanism to restore vitality. The token economy based on blockchain technology is approaching satisfaction. Its pluralistic compound ecosystem features sustainability and recyclability, enabling global participants to engage in R&D and maintenance wherever they are. Community users play a key role in the development of the ecosystem, taking the initiative to communicate and transform. Once they share the same values, user engagement can grow at an unexpected rate. All of these could not be possible in the classical Internet.

The traditional Internet needs to transform or optimize the existing business model with token economy; the blockchain startups are eager to pursue mature technology, user base and commercial genes of the traditional Internet in the exploration and development stage. desire. Therefore, instead of antagonism, the two shall maintain openness and collaboration in a coexisting world, thus building up energy for the upcoming large-scale commercialization.

TRON’s acquisition of BitTorrent has provided another perspective for the combination of traditional Internet and blockchain industry, which may be recorded as a classic case of the blockchain company’s acquisition of traditional Internet corporation in blockchain history.

Contact Email Address
trx@tron.network
Supporting Link
https://tron.network/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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TRON Confirms Acquisition of BitTorrent: Welcome to the Fam!

TRON BitTorrent acquisition

Earlier this month, word spread that Ashwin Navin, BitTorrent’s co-founder, sold the company to the TRON Foundation for $140M. While many were excited, the acquisition was never confirmed. Until now. That’s right, Justin Sun, the founder of TRON (TRX), has verified the TRON BitTorrent acquisition!

TRON BitTorrent Acquisition: Confirmed!

Yesterday, after weeks of speculation, Justin Sun confirmed the TRON BitTorrent acquisition. He posted the news on Twitter, where multiple users responded back, with one even calling it a “huge announcement,” adding, “all those who doubt this project are blind.”

That's a huge announcement. I ...

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TRON (TRX) Now Supported on Ledger Nano S

Ledger Nano S supports TRON

Ledger Nano S supports TRON: TRON (TRX), the world’s eleventh largest cryptocurrency by market cap, has just made the big announcement that it is now supported on the popular cold storage wallet the Ledger Nano S.

Thanks @LedgerHQ for supporting $TRX on your hardware wallet Ledger Nano S! pic.twitter.com/QoyDb9zbzF

— Justin Sun (@justinsuntron) July 18, 2018

But things don’t appear to be all sunshine and rainbows just yet.

Connection Issues

One user reported an error when trying to connect to TRON on the Ledger Nano S.

anyone else ...

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Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Services Resumed

Coinrail reported that it was hacked on June 10 with an estimated damage of about 45 billion won (~US$40 million). The exchange suspended trading after the hack as it tried to recover lost coins. Coinrail resumed service on July 15, announcing:

We have completely revamped the existing security system that exposed the vulnerability, and have upgraded the overall security level.

Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies

The cause of the hack was not disclosed by the exchange when it resumed trading, Sedaily noted. “KISA [The Korea Internet & Security Agency] is in the process of finalizing the investigation, but it is still being analyzed, and details of the incident cannot be disclosed,” the news outlet quoted a KISA official saying. Coinrail claims that its new security system “complies with KISA security guidelines.”

11 Cryptocurrencies Affected

A total of eleven cryptocurrencies were stolen, Coinrail revealed. They are dent (DENT), tradove b2bcoin (BBC), ether (ETH), jibrel network (JNT), bitcoin (BTC), kyber network (KNC), storm (STORM), tron (TRX), pundi x (NPXS), aston (ATX), and nper (NPER).

Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies
The 7 partially unrecovered cryptocurrencies.

Funds in DENT, BBC, and ETH have been fully recovered; customers can start trading and withdrawing them. “Recovery [is] in progress” for JNT, the exchange detailed.

The remaining seven cryptocurrencies have not been fully recovered, including BTC.

Cryptocurrencies that are not stolen or in the recovery process “can be immediately withdrawn and traded,” the exchange clarified, adding:

The amount of cryptocurrencies that have not been recovered cannot be withdrawn or exchanged until the recovery is complete.

Recovery Options

Crypto Exchange Coinrail Reopens with Offers to Recover 11 CryptocurrenciesThe exchange has come up with two recovery plans for the coins that have not been recovered. However, these plans have been criticized as being inadequate.

The first plan is for the exchange to purchase cryptocurrencies directly to recover damages. Coinrail says it will “pay back the unrecovered cryptocurrencies by gradually purchasing the cryptocurrencies with the profit from the service operation.”

The second is for Coinrail to issue its own RAIL tokens to affected customers. “Unrecovered cryptocurrencies can be exchanged at a rate of ‘1 RAIL = 0.72 KRW,'” the exchange noted. However, the price of RAIL “fell about 72.2 percent in about half a day [to 0.2 KRW] after Coinrail officially resumed trading at 8 pm on the 15th,” Sedaily described.

What do you think of Coinrail’s plan to compensate customers? Let us know in the comments section below.


Images courtesy of Shutterstock and Coinrail.


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Crypto World Cup: Satoshi Nakamoto Takes Home Third Place

63 games down and one more to go. Earlier, the Crypto World Cup third-place match took place, and, after a middling match, Satoshi Nakamoto secured the title of third place.

Some argue that the third-place game in the Crypto World Cup means nothing; after all, it’s not like the winning crypto player gets a bronze medal, like in the Olympics.

We disagree. We think getting to the third-place match in the Crypto World Cup is something to be proud of — even when being there means both crypto players lost in the semifinals. 

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Tron (TRX) Token Swap Finalizes, TRX Now Listed on Pornhub

Pornhub lists Tron

Tron’s main net launched on June 25th and has been running smoothly ever since, if slowly. The ERC20 TRX token swaps are manually being handled by each individual cryptocurrency exchange, and the process has taken much longer than previously expected. Plus, Pornhub lists Tron (TRX).

TRX Token Swap

Most of the larger cryptocurrency exchanges have completed the token swap. Bitforex was the first of the exchanges to complete the token swap on the 29th of June. Exchanges that have completed the swap and have resumed deposits/withdrawals of TRX include:

Bitforex Binance BJEX Cobo CoinEgg CoinFalcon ...

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Stellar (XLM), Cardano (ADA), and Tron (TRX): BIG News

Stellar (XLM)

The cryptocurrency market surged towards the second-half of the week but will most likely end Friday in the red. At press time, the total cryptocurrency market is trading just below the $270 billion mark. Some of the coins with movement today include Stellar (XLM), Cardano (ADA), and Tron (TRX).

Let’s take a look at these three altcoins and their progress this week.

Stellar (XLM)

Announcing StellarX! A user-friendly and totally free place to trade on @StellarOrg‘s universal marketplace. https://t.co/tPNYGY2qe0

You trade on-chain. We refund all network fees. Swap crypto, fiat, commodities, whatever. ...

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