TRON TRX

$0.0245
Market Cap $ 1.608 Bn (#11)
24h Volume $ 114.993 MM
Chg. 24h: 1.25%
Algo. score 4.2/5  (#20)
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TRON News

TRON takes the lead in developing solutions for charity and ...

TRON takes the lead in developing solutions for charity and social good through #blockchain technology by donating... https://t.co/rpH4wYN8IN...

3 hours ago

Tron Rumors Confirmed: The Mysterious “Partner” is Chinese Giant Baidu

Last Friday, Justin Sun, the founder of the Tron cryptocurrency, published a statement that sparked discussions and speculation in the entire crypto community. The announcement stated that Tron is working on a partnership with a tens of billions of dollars worth industry giant. Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX — Justin Sun (@justinsuntron) October 12, 2018 While nothing else was released, the digital currency community quickly came to the conclusion that the unnamed partner was likely Baidu. This is one of the largest companies in China, as well as one of the most popular search engines around the world. For almost an entire week, Tron supporters speculated whether or not this is true, and what possible implications might such a partnership have. Yesterday, the rumors were finally confirmed by the Tron Foundation. #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4 — TRON Foundation (@Tronfoundation) October 18, 2018 Tron “Partners Up” with Baidu The confirmation came via Twitter, in a post that explains that Tron and Baidu are joining forces in order to work on a large cloud service with the final goal of providing better blockchain solutions. This is one of Tron’s biggest steps on the road of achieving mass adoption of blockchain yet. In the week prior to this confirmation, numerous rumors that took the Tron and Baidu partnership to be true speculated that the cooperation between the two companies will likely result in Tron’s purchase of Baidu’s cloud computing resources. This was also confirmed by the Tron Foundation. 1/ ODaily: The 'partnership' between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. "The two parties have made no contact at the blockchain business level". Source(CN): https://t.co/GXu0KsbtGX — cnLedger (@cnLedger) October 15, 2018 While many do not see this as a real partnership, it is still a significant move on Tron’s behalf. Not only will partnering up with such a large company bring additional exposure and new levels of trustworthiness to Tron, but it will also help with its goal of decentralizing the web. However, this also means that Baidu will not be using the Tron blockchain for its own purposes, as some additional speculators had claimed. Instead, Baidu’s recent whitepaper indicated that the company is working on launching its own blockchain. Sun Criticized for Misleading Marketing With a situation like that, and the Tron, Baidu partnership mostly being nothing more than an exchange of service, many criticized Sun for making misleading announcements. Assuming the below is accurate, this deserves to be called out as misleading marketing. If I buy a computer with Microsoft Windows installed, I should not claim to have partnered with Microsoft without clarifying the limited nature of the ‘partnership.’ https://t.co/MbOhaYgkvD — Ari Paul (@AriDavidPaul) October 15, 2018 This is why multiple members of Tron’s community urged Sun to simply announce the name of the company, instead of purposefully building hype. Especially in this case, when the hype led to a somewhat disappointing revelation. Justin, just announce the name. Tweets like this only allow your followers to romanticize who it could be and most often when people do that, they are let down. — Crypto Kevin (@cryptoskevin) October 12, 2018 justin you REALLY need someone to handle your communications and marketing strategy. you should do some research on the effects of announcing announcements. seriously, this is the big leagues for you now. act like you should be there. — CryptoKilledTheWallStStar (@worker1x) October 12, 2018 Despite the overall disappointment with the announcement, it is clear that Tron is still making big steps forward. While the partnership is not really a partnership, but more of a cloud computing purchase agreement, many still remain supportive of Tron for its efforts. Of course, this will likely mean that Tron’s price is not going to spark a new bull run, as investors hoped. At the time of writing, Tron is still trading in the green, with 2.18% growth in the last 24 hours. Its current price is at $0.024661 per coin, and for now, the 11th largest cryptocurrency by market cap seems to be relatively stable. Featured image from Shutterstock. The post Tron Rumors Confirmed: The Mysterious “Partner” is Chinese Giant Baidu appeared first on NewsBTC.

5 hours ago

Tron Price Analysis: TRX Upside Limited Until Bulls Push Price Action Above Resistance At $0.026955

Tron has seen a small price increase totalling +2.83% over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $0.0246 (at the time of writing) after gaining a further 10.65% price increase over the past 7 trading days. Tron has been under fire recently after misleading people into believing of a major upcoming partnership. A few days ago, a rumour was floating around that Tron will be partnering with the Chinese search engine giant known as Baidu. As China sits behind a great firewall, many search results are censored by the Chinese government and therefore cryptocurrencies are suppressed in search results. However, the rumour has been recently falsified as the partnership that was announced was simply the purchase of cloud computing for Tron from Baidu Cloud Storage. The markets have not responded particularly negatively to the announcement but many investors may be feeling alienated by Justin Sun at this moment in time. Tron is currently ranked in 11th position in terms of overall market cap across the entire industry. It currently has a total market cap value of $1.62 billion after seeing a 27% price increase over the past 30 trading days. The 13 month old coin is still trading at a price that is 90% lower than its all time high value. Let us continue to analyse price action for TRX/USD over the short term and highlight any potential support and resistance areas. Price Analysis TRX/USD - SHORT TERM - DAILY CHART https://www.tradingview.com/x/NIp6qOte/ Analysing price action from the short term perspective above, we can see that price action has moved sideways since our last Tron analysis article. Price action had experienced a bullish run when the market started at a low of $0.016 on the 14th of August 2018 and extended to a high of $0.02787 on the 28th of August 2018. This was a price increase totalling 70% from low to high. We can see that as price action reached the high, it had met resistance which was provided by at the $0.02696 handle. After reaching the resistance, price action rolled over and began to decline until finding support at the short term .786 Fibonacci Retracement level (drawn in green) priced at $0.018636. Price action then rebounded and continued to rally again. The market is now currently trading at the support provided by the .235 Fibonacci Retracement level priced at $0.2532, if the bulls can continue with their bullish momentum and push the market higher we can expect resistance above at the $0.026955. If they can continue further beyond this resistance level then we can expect more resistance at the April 2018 Low price at $0.02806. If the bulls can continue to clear the April 2018 low price then we can expect higher resistance at the short term 1.272 Fibonacci Extension level (drawn in blue) priced at $0.0311 followed by the short term bearish .236 Fibonacci Retracement level (drawn in red) priced at $0.032361. If the bulls continue further higher then even more resistance can be expected at the 1.414 and 1.618 Fibonacci Extension levels (drawn in blue) priced at $0.032 and $0.035, respectively. Alternatively, if the bears regather momentum and push price action lower we can expect immediate significant support below to be located at the short term .382 Fibonacci Retracement level priced at $0.0235 followed by the .618 Fibonacci Retracement level priced at $0.02067. If the bears can continue to pressure price action further lower then we can expect ever more support below at the .786 Fibonacci Retracement level priced at $0.01863 followed by the downside 1.272 Fibonacci Extension level (drawn in red) priced at $0.016297. The RSI technical indicator has recently broken above the 50 handle indicating that the bulls are in control of the momentum within the market. If the RSI can remain above the 50 handle we can expect this market to continue to make further gains. The post Tron Price Analysis: TRX Upside Limited Until Bulls Push Price Action Above Resistance At $0.026955 appeared first on ZyCrypto.

5 hours ago

The Unflippening: Bitcoin’s Resurgent Dominance Showing Who’s King

The volatile nature of the cryptocurrency market needs no introduction after its staggering gains in 2017 and subsequent losses of 2018. Looking at the market as a whole, however, gives us a bigger picture of who were the biggest losers and which coins were the best at storing value. Total Market Cap Still 11 Times Bigger Than in 2017 The total cryptocurrency market capitalization hit highs of a staggering $830bn in the week commencing January 7, 2018, some $813bn - or nearly fifty times that of the same week in 2017 which stood at $17bn, with Bitcoin 00 accounting for 35% of the total market share. Nine months on and the euphoria that took hold at the end of 2017 has been replaced with despair and total capitulation of many investors. Total market cap now standing at $187bn; a staggering $643bn or 77% lower than highs earlier in 2018. It is important to note that while the 2017 hype cycle has somewhat reversed, the total market cap is still 11 times what it was at the start of 2017. Whilst some of the latecomers to the 2017 market are the biggest value losers, many investors in the space are still waist-deep in gains. Total Market Cap 2018 Bitcoin 00 has lost the greatest total value of $179 bn, representing a reduction of ‘only’ 62% from the highs seen earlier in the year, however, compared to an 85% reduction in that of the altcoins, which have lost $464bn. Having spectacularly inflated and subsequently deflated, we can take a closer look at the biggest losers in the market: Ripple 00, NEM 00 Cardano 00, and TRON 00 have all lost over 90% of their value, with most of the other top coins being close behind. Ripple, Ethereum 00 and Bitcoin Cash 00 have lost a staggering $244bn; more than twice the current total market cap of Bitcoin and nearly the total value of Bitcoin at its heights. The only top coin to ‘outperform’ Bitcoin is EOS 00, which has only lost 43% of its value earlier in January 2018 and doubled its market share, according to data from Coinmarketcap.com. Bitcoin Dominance While the remainder of the market appears to be continuing to fall, Bitcoin has represented a relative flight to safety for many investors. Bitcoin has regained some 23% of the total market share from altcoins, hitting a dominance of 58%, with no sign of slowing down. So while questions remain as to where the bottom will be found for each cryptocurrency, Bitcoin has been stubbornly holding up its market cap lows at around $100bn as others have ‘decoupled.’ Bad News For Cryptocurrencies Not Named ‘Bitcoin’ Assuming investors do not leave the space, a ‘flight to bitcoin’ may result in an uptick in market transactions. Many investors are now tracking Bitcoin value on a network transaction basis, meaning an uptick would potentially serve as an indicator of a value investment with Bitcoin being 62% below its highs of around $20,000. Questions will remain as to whether investors will return to the lower cap coins after such large price swings without fundamental demonstrative value. But surely some of those who exited the market will find it difficult to resist getting back into a market, which is down 85% from its previous highs. Is the market dominance reversal indicative of the beginning of the end of the market correction, or is there some way to go? Will the Bitcoin dominance continue for the forseeable future? Let us know your thoughts in the comments below. Images courtesy of Shutterstock The post The Unflippening: Bitcoin’s Resurgent Dominance Showing Who’s King appeared first on Bitcoinist.com.

5 hours ago

Tron Supports Blockchain Charity Foundation as It Donates $1 Million to UNDP

Blockchain cannot only be used for revolutionizing the world of business and finance but can also be utilized to bring social good. Keeping the same in mind, the Tron Foundation has extended its support to the Blockchain Charity Foundation (BCF). The project, initiated by Binance, recently announced a partnership with the United Nations Development Programme (UNDP) to use blockchain technology to bring out social good. BCF made its first donation to UNDP recently, amounting to $1 million. Justin Sun Supports BCF During the announcement, Tron founder and CEO Justin Sun extended his support to UNDP and BCF, suggesting that Tron will play a “strategic role” in utilizing blockchain technology and help develop solutions for Sustainable Development Goals. Tron has pledged to donate $3 million to BCF initially, which will be used to help in advancing blockchain for charitable purposes. Sun talked about Tron’s commitment to social goals saying: “As a Super Representative, I am fortunate enough to have earned the trust of the community. I believe it is my responsibility to lead the movement in applying blockchain technology to improve people’s livelihoods around the world. I will dedicate the resources I have gained from co-governing the network to causes that will benefit and empower society. I hope my actions will inspire more people to tap into the great potential of blockchain technology to truly make a positive impact.” Why Blockchain Holds Potential? Blockchain technology helps in maintaining transparency and traceability in transactions. It also enables the network to run multiple complex programs simultaneously. The network can thus help in maintaining transparency in donations, in tracing transactions, and even in measuring the actual impact of charities. Not only this, but blockchain technology can also play a role in bringing together various entities involved in charitable works, including volunteers, donors, recipients, and other stakeholder organizations, into one ecosystem. Tron is the largest decentralized network in the world and is thus in a position to influence the application of blockchain in the charity sphere. As such, Tron pledges to allocate significant resources to this undertaking in order to help charitable organizations work in more transparent ways. Tron also encourages more Super Representatives, community members, and developers to join the cause. Meanwhile, Justin Sun and Binance cofounder and CEO Changpeng Zhao will attend the World Investment Forum on Oct. 24. The event will be conducted by the United Nations Conference on Trade and Development. Tron Supports Blockchain Charity Foundation as It Donates $1 Million to UNDP was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

6 hours ago

Is The Tron [TRX] Coin An Over Hyped Market? Community Thinks So

The team behind a particular digital coin in the cryptocurrency market, is only as good and vital the technology behind it, together with the numerous factors that see to its development with each day passing. For the past few years, many digital coins have seen some definite improvement in their growth, thanks to their creator and the team behind it. Tron (TRX), shook itself a bit, after sleeping for the most of the year on the crypto market. Its founder, Justin Sun, has been somewhat of a known figure in the crypto world now, mostly for his frequent comments and announcements and his vibrancy on social media, especially on Twitter. Sun has been everywhere trying to push Tron up the cryptocurrency ladder as well as the community behind the digital coin. He is well known for his unfiltered talk, regardless of the heat that might rain down upon him. Just a few months ago, Sun, publicly told developers to ditch the Ethereum blockchain and instead shift to the Tron blockchain to utilize dApps. Justin Sun’s vicious promotion of Tron has, however, included discrediting of competitors and other actions which has been described as “desperate.” As a result of that, he has seen a series of backlash from the crypto community. In March this year, Justin Sun felt the anger of the TRON community after he allegedly posted a ‘paid’ promotion as an organic article. For the second time in that month, Sun and the TRON foundation posted links to three pieces by Yahoo Finance, NASDAQ and one more publication on their Twitter account indicating that Tron was “stable” while their digital coin was tumbling down the crypto ladder. The TRON community lashed out at Sun as all the three articles had the same title and content and investors felt that he was just out there seeking unnecessary “hype” instead of focusing on making TRON the power coin he portrays it to be. Fast forward, Sun has again got himself in hot waters as his TRON community has again attacked him for being “thirsty” and shifting his focus from the development of the digital coin. On October 2018, Sun claimed that Tron was 200 Times Faster than Ethereum and 100 Times Cheaper than EOS, which afterward caused the market cap to drop from $1.7 billion to $1.5 billion. Two days ago, Justin Sun, promised to give out $1 million to the winner of a debate between Vitalik Buterin, the Co-Founder of Ethereum and Nouriel Roubini, author of Crisis Economics, while TRON during that time had TRON had plummet over %0.59 in its value. In a shallow attempt to salvage the sliding TRON market, Sun announced that the TRON foundation would be partnering with a “tens of billions USD valuation industry giant,” but once tainted it again by urging his followers to “guess the name” with most citing it was Baidu and the foundation later revealing that it isn’t an actual ‘partnership’ rather it’s a mutual business relationship whereby tron will be purchasing cloud computing resources from Baidu and has nothing to do with the expected blockchain partnership. Some Tron fanatics weren’t happy with this, a user on twitter with the moniker of @tronbazaar said, “@justinsuntron use the terminology carefully when you tweet - partnership has many meanings - especially when dealing w NASDAQ. Setting up shop on Baidu’s cloud blockchain is a business relationship not a partnership” Sun’s recent actions have only caused the digital coin a lot, and now the community has had enough of it. To them, Sun has gone out of line and is now just over-hyping the digital coin which isn’t a good sign for a long lasting organic growth. The post Is The Tron [TRX] Coin An Over Hyped Market? Community Thinks So appeared first on ZyCrypto.

8 hours ago

Tron TRX Partners With Baidu: Yeah, And Crypto Briefing Partners With Walmart

Just when we thought Tron was starting to grow up and behave like a credible enterprise, Justin Sun turned around and did what he did best. After a week of stoking the embers, the Tron Foundation confirmed rumors that TRX was partnering with China’s largest search engine. An “official tweet” from the Foundation announced that “#TRON is joining forces with Internet service giant Baidu,” and headlines sprouted around the cryptosphere: Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources (Cointelegraph) News Flash: Tron’s Justin Sun confirms its secret partnership with Chinese Google, Baidu (AMBCrypto) Breaking: Baidu confirmed as TRON’s [TRX] Newest Partner (CryptoCrimson) That’s a pretty formidable announcement, and evidence that the blockchain is starting to appeal to serious business—the sort of thing you’d announce in a joint press release rather than an “official tweet.” Unfortunately, like many aspects of the Tron project, if it sounds too good to be true, then Justin Sun is opening his mouth again. CCN dug a little deeper, and asked the Tron team to translate the Chinese text of the Tweet. The Foundation clarified: Baidu Cloud service is cooperating with Tron’s Wave Field technology in basic cloud business field. Therefore, the Wave Field Tron will be built on Baidu Cloud. Both the parties have not reached any partnership on a business level, but the current partnership will be only focusing on the sale and the purchase of basic cloud computing resources. (our emphasis) In other words, the long-awaited Tron-Baidu axis seems to be a crypto startup renting time on cloud servers. Crypto Briefing has a number of billion-dollar partnerships as well—we’ve teamed up with Shell to increase transportation efficiency, and we’ve also joined forces with Google for enhanced communications via electronic mail. We wouldn’t get anything done without our Starbucks partnership, which provides overpriced refills on coffee and tea. And our partnership with Walmart will see the retail behemoth supplying us with lined notepads and a handy bathroom in case of road trip emergency. The Boy Who Cried Partnerships The frustrating thing about this isn’t the hyperbole—in crypto, we’re used to that by now—but the fact that it makes it harder to take Tron’s real news seriously. Looking past the annoying sales pitch, Tron has delivered a lot of things that do not require embellishment. The acquisition of BitTorrent, for example, might turn seeding files from an act of charity to a closed-loop economy. As Crypto Briefing has already noted, Tron has largely avoided the bugs and governance problems plaguing EOS. Tron’s blockchain is home to ninety smart contracts, and one of them—the gambling game Tronbet—registered 10,000 bets on its first day. That’s nearly twice the volume largest Ethereum gambling dApp, which registers only 5,700 transactions per day. If Sun were to pull a Baidu partnership out of his hat, it would be harder to take it seriously after the way he’s continued to Barnum his way to the front pages, and to the top of the crypto listings. Oh well. Maybe we can give him one last chance... The author is not invested in TRX, but has some tokens from an airdrop. The post Tron TRX Partners With Baidu: Yeah, And Crypto Briefing Partners With Walmart appeared first on Crypto Briefing.

8 hours ago

Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions

Tron rose with the confirmation of using the Baidu cloud computing services while Qtum surged about 9% with “historic partnership” with Amazon Web Services (AWS), and VeChain is working with DNV GL to advance the sustainable development goals of the United Nations. Meanwhile, NEO is up by 6% celebrating its 2nd year anniversary with a number of competitions. Tron to use Baidu cloud computing services Tron Foundation and Tron founder and CEO Justin Sun confirm the partnership with Internet service giant Baidu. However, it is not a partnership per se rather, Tron will be using the cloud computing resources of the Baidu. #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4 — TRON Foundation (@Tronfoundation) October 18, 2018 Tron is constantly developing and growing as over 90 smart contacts have been already deployed on Tron Network and that too just days after its Tron Virtual Machine (TVM) launch. In another instance, the dapp, TRONbet which is a dice game is a hit as Tron Foundation Tweets, “On the first day of the release, TRONbet was played over 10,000 times.” Meanwhile, TRX is up by about 4 percent at $0.0248 at the time of writing. TRX 24-hours price chart, Source: Coinmarketcap Qtum in a “ground-breaking” partnership with Amazon web services In its “historic partnership” with Amazon Web Services, together “QTUM and AWS will be working toward expanding blockchain service offerings in a move towards establishing Blockchain-as-a-Service (BaaS) through AWS. “ Qtum will be providing a smart contract development platform where with over 5,000 nodes worldwide, the 27th position cryptocurrency is the ideal initial BaaS partner for AWS. Becoming the first free and open-source blockchain to sign with AWS, Miguel Palencia, CIO at Qtum Foundation states: “Qtum’s launch on the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and enterprise. Anyone who wants to develop and build dapps on the Qtum platform or use it as a staking node will benefit from this.” With about 8 percent gains, Qtum is trading at $3.98. Qtum 24-hours price chart, Source: Coinmarketcap VeChain partners with DNV GL The signing ceremony of “DNV GL and VeChain Digital Low Carbon Ecosystem” was witnessed by King Harald V and Queen Sonja of Norway recently. The aim of this ecosystem is to use VeChainThor blockchain and IoT devices in order to calculate carbon reduction via smart contracts. The agenda has been to improve the existing efforts of DNV GL in work with the United Nations to advance the sustainable development goals. At $0.0116, VeChain has been in the green. VeChain 24-hours price chart, Source: Coinmarketcap NEO celebrates Mainnet 2 year anniversary At 15th rank, NEO is celebrating the second anniversary of its mainnet launch. The official announcement on the website states, “The NEO MainNet has been running in stable capacity for two years since its release. As an early blockchain project, NEO has spent the past two years improving its core technology, enriching and extending its ecosystem, and expanding the global presence of the NEO community.” The anniversary is marked with a number of competitions viz. Technical Articles Competition, October 17th - December 17th, Community Video Draws, October 17th - October 19th, and NEO Wallpaper Design Competition, October 17th - November 7th. At $17.33, NEO is up by over 6 percent. NEO 24-hours price chart, Source: Coinmarketcap The post Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions appeared first on Coingape.

9 hours ago

Tron Aims to Dominate the Content Industry With Decentralized Products

Tron is one of the largest blockchain based platforms with an ambition to build an infrastructure that will decentralize the internet system. They have proved that blockchain technology is not only applicable in the finance industry but other key industries like the media entertainment and gaming industry. In an interview with Forbes, Tron CEO Justin Sun said his dream is to decentralize the web; “During our early stages, getting content online was one of our top priorities. Now that TRON is well established as a major public chain, we are looking beyond just incentivizing content and more toward building a healthy ecosystem. In fact, TRON is already a top blockchain operating system for decentralized apps, and our mission is to provide an affordable, efficient, and convenient infrastructure for development. Essentially, we are working to achieve our dream of “decentralizing the web”. Tron outstretched arms of partnership has made it a network for developers and programmers because it provides ease of creation of decentralized applications. Tron hopes to achieve its dream with various decentralized products it has been launching into the market. Most of these products are geared towards content creation and delivery. They are designed to enable content creators to deliver their contents to the final consumers without the mediation of third parties. The effect of these decentralized products will displace the likes of Facebook, Youtube, and other social media platforms which function as mediators or third party between content producers and consumers. Tron Foundation was based on product and development tools. Recently, they further expanded their market by launching another product, Tronbet, which has given them leverage over the DApp development industry. Tronbet is a gaming DApp, with fairly played dice built on the Tron network. It is recently launched in the market with a very high reception, played 10,000 times, on the first day. According to the instruction on how to play the game, TRX holders will have to link their Tronlink wallet that is funded with TRX. Then select how much to bet and a number that will be used for the outcome. A user can only win if the selected number is below the rolled number. Tronbet is successful with high reception, and users winning considerable payouts. About $130 worth in TRX was won in a high roller on the first day. The gaming world is a big industry just like the social media, Tron foundation has taken this into consideration in spreading their tentacles over the web. The post Tron Aims to Dominate the Content Industry With Decentralized Products appeared first on ZyCrypto.

11 hours ago

Tron Confirms Its Partnership With Baidu

After Tron CEO teased a 'huge partnership,' unofficial reports started circulating on October 13th that it was with Chinese search giant Baidu. The Tron foundation has now officially confirmed it. However, the partnership is not as big as most expected it to be. The two companies will work together on intercompatibility between Tron's blockchain products and Baidu's cloud computing resources. The Tron Foundation tweeted that the end goal for the partnership is mass adoption of Blockchain. Tron (TRX) is priced at $0.02484, gaining 3.84% in the last 24 hours. (VS)

12 hours ago

Amazon Web Services Partners Up with Qtum in China

Recent news of a possible partnership between TRON and Chinese giant Baidu demonstrated the excitement that was produced by sheer rumors of such a move. While this partnership remains only a speculation at this point, another project recently announced a confirmed partnership with an equally as large company. The new partnership announcement came from Qtum (QTUM), a smart contracts-focused blockchain that employs PoS. Qtum has partnered up with a Chinese division of a well-known multinational corporation, Amazon Web Service (AWS). The announcement brought new excitement to the digital currency industry, as it announced that the two entities will be joining in order to expand the BaaS offerings of the hosting service. What this means is that Qtum, as a platform for smart contract and dApp creation, will now be deployed via one of the largest cloud providers in the world of business software. Through the use of AMI (Amazon Machine Image) which features Qtum core, users will be capable of creating and deploying their own dApps and smart contracts. Apart from utilizing AMI, the new solution will also include Solidity, as well as Gmix web IDE, all of which will be employed for the process of creating and operating smart contracts. Qtum itself will benefit from the partnership by gaining access to Amazon’s technology, business, marketing, and even sales resources. As for the developers themselves, they will be able to code, launch, and manage smart contracts in a quick, efficient, and cost-effective way. Partnership Places Qtum Under a Spotlight Patrick Dai, the co-founder of Qtum, commented on this partnership by saying that Qtum is among the most decentralized entities on the web. Considering that AWS is among the largest cloud providers around the world, the two firms are a perfect match. Additionally, Dai believes that both, the companies and users, will benefit from this partnership, as smart contracts and dApps will be available for everyone. In addition to making the process simple and cost-effective, Qtum AMI image will be completely free to use. AWS customers will not be charged any additional cost, and they will not have to purchase QTUM coins. Furthermore, a TestNet will be deployed for users to simulate a public blockchain and test their products. Anyone wishing to start working on the blockchain will be capable of running a Qtum node which will have Qtum pre-installed. Thanks to this partnership, as well as the general amount of progress that Qtum has made recently, this project received a lot of attention. Qtum is currently ranked as 27th on CoinMarketCap’s list of largest coins, with a price of $3.90 at the time of writing, and a 6.5% increase in the last 24 hours. This is a significant development which will likely bring even more attention to Qtum, as the project manages to grow in a highly sensitive and unsure market. Many in the cryptocurrency community are already calling this partnership “historic”, as it represents a large and significant move forward for the entire cryptocurrency/blockchain industry. Image from Shutterstock The post Amazon Web Services Partners Up with Qtum in China appeared first on NewsBTC.

14 hours ago

Tron (TRX)’s Justin Sun Confirms “Partnership” with Baidu And it’s Not Really a ‘Partnership’

Following TRX’s recent impeccable market performance, speculations emerged that it was due to a major undisclosed partnership. Egged on with the rumor mill, Founder and CEO Justin Sun disclosed to his Twitter following that they would be partnering with a major industry player to bring more efficient services to users’ doorsteps. He disclosed that the deal would be worth tens of Billions in USD and challenged his followers to guess who the partner would be. Partnership worth ‘tens of Billions in USD’ Many tweets speculated that tech giant Alibaba was the likely partner following the current wave of success it is riding. The company however has a $400 Billion cap which is in disparity with the hint dropped by Justin Sun of a partner grossing in the region of ‘tens of Billions.’ However, other members of the Tron community on Twitter decried the hype alluding to the current volatility in the crypto-market. Justin Sun took to Twitter on October 18 to respond to members of the TRX community while also making a major revelation of the intended partnership. He revealed on Twitter that TRX, the native organization of the world’s 11th Biggest Cryptocurrency, would be partnering with Baidu (China’s biggest internet provider). According to the CEO, the partnership is geared towards enhancing blockchain solutions through cloud computing resources which will in turn increase accessibility to users and small market enterprises. Not a direct partnership Reports however indicate that the partnership is not a direct agreement to work on blockchain technology but to consolidate support from cloud computing resources. The latter will be used to ‘build and debug products and applications on the blockchain.’ Speaking on the partnership, Baidu on their part lauded it, saying that it would go a long way in propelling forward explorations in the field of blockchain. The giant search engine rivalling google and leading internet provider said that it would try its hand in the blockchain sector starting with the Blockchain Commercialization Super partner Program 1.0. it will build a better ecosystem for the blockchain technology for the world in partnership with several commercial organizations. The post Tron (TRX)’s Justin Sun Confirms “Partnership” with Baidu And it’s Not Really a ‘Partnership’ appeared first on ZyCrypto.

15 hours ago

With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON (TRX)

‘Where there is smoke, there is fire’ is a saying that is very applicable to the breaking news that Baidu has been confirmed as the newest partner of the Tron Foundation. Speculation was high after the online publication of Coinness announced that the new partner was Baidu and based on its own credible sources. However, an official announcement had not been made from Justin Sun or his team at Tron (TRX). The Tron Foundation has since confirmed the news via a tweet that stated the following: #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX More Partnerships to Come Due to a Functional Mainnet The Tron project has been making a lot of progress in terms of technical developments. All these developments have pointed to one observation: that Tron is the only platform that has not experienced any technical and community issues since launching its Mainnet on the 25th of June. The Tron Virtual Machine was recently activated on the 12th of October and the list of smart contracts being deployed continues to increase on a daily basis. As of October 16th, 90 smart contracts had been deployed onto the Tron Mainnet thanks to the TVM. That number now stands at 97 Smart contracts on the 18th of October. The number of user accounts on the network has also crossed the half a million mark. The Tron network currently hosts 502,573 accounts at the moment of writing this. Therefore, and using our favorite quote of the day, where there is smoke there is fire. The Tron Mainnet has continued to operate on a level of impeccability and additional partnerships are likely not that far into the future. Possibility of An American Partner With the Tron Foundation recently opening up an office in San Francisco, there is a high chance that there could be a future partner from the area. The San Francisco office is strategically placed to start the process of negotiating a partnership with a tech giant from the Silicon Valley. Of course this is pure speculation, but anything is possible in the crypto verse! What are your thoughts of Tron’s confirmed partnership with Baidu? Is this an indicator of more to come? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON (TRX) appeared first on Ethereum World News.

16 hours ago

With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON

‘Where there is smoke, there is fire’ is a saying that is very applicable to the breaking news that Baidu has been confirmed as the newest partner of the Tron Foundation. Speculation was high after the online publication of Coinness announced that the new partner was Baidu and based on its own credible sources. However, an official announcement had not been made from Justin Sun or his team at Tron (TRX). The Tron Foundation has since confirmed the news via a tweet that stated the following: #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX More Partnerships to Come Due to a Functional Mainnet The Tron project has been making a lot of progress in terms of technical developments. All these developments have pointed to one observation: that Tron is the only platform that has not experienced any technical and community issues since launching its Mainnet on the 25th of June. The Tron Virtual Machine was recently activated on the 12th of October and the list of smart contracts being deployed continues to increase on a daily basis. As of October 16th, 90 smart contracts had been deployed onto the Tron Mainnet thanks to the TVM. That number now stands at 97 Smart contracts on the 18th of October. The number of user accounts on the network has also crossed the half a million mark. The Tron network currently hosts 502,573 accounts at the moment of writing this. Over half a million accounts on the Tron Mainnet. Source, Tronscan.org Therefore, and using our favorite quote of the day, where there is smoke there is fire. The Tron Mainnet has continued to operate on a level of impeccability and additional partnerships are likely not that far into the future. Possibility of An American Partner With the Tron Foundation recently opening up an office in San Francisco, there is a high chance that there could be a future partner from the area. The San Francisco office is strategically placed to start the process of negotiating a partnership with a tech giant from the Silicon Valley. Of course this is pure speculation, but anything is possible in the crypto verse! What are your thoughts of Tron’s confirmed partnership with Baidu? Is this an indicator of more to come? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post With a Functional Mainnet, Baidu Might Be the First of Many Partnerships For TRON appeared first on Ethereum World News.

16 hours ago

News Flash: Tron [TRX]’s Justin Sun confirms its secret partnership with Chinese Google, Baidu

On 18th October, the Tron Foundation, which is the native organization of the 11th largest cryptocurrency in the world, confirmed its partnership with China’s biggest internet service-provider, Baidu Browser. The Foundation stated that this partnership will result in enhanced blockchain solutions through cloud computing resources, which will further make the blockchain technology more accessible to the users. The official Tweet by the Tron Foundation conveyed: “#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX” The Founder and CEO of the Tron Foundation, Justin Sun also retweeted the post, strengthening the authenticity of the establishment of this partnership. However, reports have stated that the two parties have not partnered to work directly on the blockchain technology but to gain support from cloud computing resources to build and debug products and applications on the blockchain. On the side of Baidu developments from this collaboration, the platform will set foot into the blockchain world with the Blockchain Commercialization Super Partner Program 1.0. This will propel the exploration process in the field of blockchain for the internet service-provider and will assist in building a better blockchain ecosystem for the world with the cooperation of many commercial parties. Timothy Lee, a cryptocurrency investor from Dublin spoke to AMBCrypto, “This is what we have been waiting for and it is finally confirmed. Wohoo! I don’t think people realize how important and big this is. It will pump the prices like how XRP pumped with the news of xRapid launch. Just wait and watch people. Wait and watch. A big Boom is coming!” Timothy’s friend, Brian had another opinion, “This is all just stupid. Tron is known for it’s announcements and nothing happens with its price. Moreover, crypto is banned in China and nothing will change. It’s all just marketing. People like Timothy are just day-dreaming” The post News Flash: Tron [TRX]’s Justin Sun confirms its secret partnership with Chinese Google, Baidu appeared first on AMBCrypto.

17 hours ago

Tron [TRX]’s Justin Sun confirms its secret partnership with Chinese Google, Baidu

On 18th October, the Tron Foundation, which is the native organization of the 11th largest cryptocurrency in the world, confirmed its partnership with China’s biggest internet service-provider, Baidu Browser. The Foundation stated that this partnership will result in enhanced blockchain solutions through cloud computing resources, which will further make the blockchain technology more accessible to the users. The official Tweet by the Tron Foundation conveyed: “#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX” The Founder and CEO of the Tron Foundation, Justin Sun also retweeted the post, strengthening the authenticity of the establishment of this partnership. However, reports have stated that the two parties have not partnered to work directly on the blockchain technology but to gain support from cloud computing resources to build and debug products and applications on the blockchain. On the side of Baidu developments from this collaboration, the platform will set foot into the blockchain world with the Blockchain Commercialization Super Partner Program 1.0. This will propel the exploration process in the field of blockchain for the internet service-provider and will assist in building a better blockchain ecosystem for the world with the cooperation of many commercial parties. Timothy Lee, a cryptocurrency investor from Dublin spoke to AMBCrypto, “This is what we have been waiting for and it is finally confirmed. Wohoo! I don’t think people realize how important and big this is. It will pump the prices like how XRP pumped with the news of xRapid launch. Just wait and watch people. Wait and watch. A big Boom is coming!” Timothy’s friend, Brian had another opinion, “This is all just stupid. Tron is known for it’s announcements and nothing happens with its price. Moreover, crypto is banned in China and nothing will change. It’s all just marketing. People like Timothy are just day-dreaming” The post Tron [TRX]’s Justin Sun confirms its secret partnership with Chinese Google, Baidu appeared first on AMBCrypto.

17 hours ago

Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5%

Qtum Enters “Historic Partnership” In the nascent cryptocurrency market, partnerships are near-essential, as a budding relationship with parties inside and outside of this industry bolsters the adoption, efficiency, and security of crypto assets and blockchain solutions. The community surrounding this industry was recently floored, as Justin Sun of the Tron (TRX) project expressed his excitement that his brainchild was partnering with an “industry giant” that was valued at tens of billions of U.S. dollars. Speculation regarding the apparent strategic deal rapidly circulated through social media channels, with many crypto investors hoping for the best. However, as reported by Ethereum World News, this announcement was rather overhyped, as a report from ODaily, translated and relayed by CNLedger, divulged that the partnership was nothing more than Tron purchasing cloud computing power from Baidu. Now, however, Qtum, a popular PoS-based smart contract blockchain, has revealed that it has legitimately partnered with a multinational corporation. According to a press release from the blockchain-focused startup, it has officially partnered with Amazon Web Service’s (AWS) China division in a “ground-breaking” occurrence. Per the announcement, the startup and AWS will be joining hands to expand the hosting service’s blockchain-as-a-service (BaaS) offerings, with a focus obviously being taken on QTUM’s in-house protocols and services. This working relationship will reportedly see the two firms “create bases” for enterprise-grade blockchain solutions, a service that corporations have been clamoring for. One such service will be a smart contract development platform that is situated on AWS, which will allow developers and users to “quickly, efficiently, and cost-effectively” code, launch, and manage smart contract systems. This ground-breaking solution will utilize an Amazon Machine Image (AMI), coupled with the startup’s core software, Solidity, and Gmix web IDE, which are all integral in the process of operating blockchain-based contracts. Qtum, now a bona fide Amazon Technology Partner, will now gain access to Amazon’s business, technical, marketing, and sales resources, which is a positive sign for the blockchain project, to say the least. Issuing a comment to CoinDesk confirming the business relationship, Simon Wang, an executive at AWS China, wrote: Qtum are now an AWS technology partner and one of the partner network members. Surprisingly, as noted by John Scianna, Qtum’s marketing director, this partnership was a long time coming, as Qtum’s AMI has been reportedly listed on AWS’ global marketplace since July, which sparked a discussion between the hosting service subsidiary of Amazon, one of the largest internet giants on Earth, and the startup. As put by Qtum, this is the first time that a “free and open-source blockchain” has inked a deal with AWS, which is an “exciting and valuable contribution for enterprise and individual blockchain end users alike.” QTUM Defies Mixed Bag Market, Surges 5% As a result of this self-proclaimed “historic partnership,” the popular altcoin has posted a strong 5.25% gain amid an otherwise unsure, wary market. According to CoinMarketCap, the asset is up to $3.88 a pop, with this gain likely being aided by a staggering $222 million in volume in the past 24 hours. Seeing that the crypto asset has seen a 97% sell-off since its peak in January 2018, this move to potentially spark a recovery was evidently welcomed by QTUM investors. However, the total market capitalization of the crypto is still a staggering $344 million, with this figure only alluding to the fact that QTUM is still a force to be reckoned with, even amid questionable, tumultuous market conditions. Photo by Christian Wiediger on Unsplash The post Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5% appeared first on Ethereum World News.

18 hours ago

Altcoins Price Analysis: Bulls are back as Stellar Lumens add $300 million

Altcoins bulls are back and as Stellar Lumens—up 7.5 percent and IOTA—up three percent in the last day lead the rest of the market, it’s likely that our bull traders will go live today. As such, we recommend traders to search for under-valuations in lower time frames. Let’s have a look at these charts: EOS Price Analysis Still daily movements are tight and EOS bulls are struggling to follow through Oct 15 rapid gains. As a result, EOS is stagnating, oscillating within tight trade ranges in lower time frames while prices are literally unchanged. Because of this, our last EOS price analysis is valid and before there are gains above $7 or below our main support at $4.5-$4, we shall maintain a neutral stand. After all, from a risk-reward point of view, it doesn’t make sense to commit more risk than what you stand to gain more so if prices fail to breach and close above the main resistance and buy trigger line at $7. In the meantime, the countering moves of Oct 11 and 15 mean there is a race for dominance between buyers and sellers. Odds are buyers might overcome sellers who have been in control for the last nine months safe the brief recoveries of April and early May. Litecoin Price Analysis Losses in the last day were low with LTC shedding roughly three percent. However, in the last week, it is down seven percent following the failure of buyers to follow through, confirming Oct 15 gains in the process. Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I've been on a mission to get LTC added to exchanges to help increase liquidity. With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished! pic.twitter.com/6jvSyvsKdm — Charlie Lee [LTC] (@SatoshiLite) October 16, 2018 While this consolidation print, Charlie Lee mission of pitching Litecoin to exchanges and getting it listed has been successful according to his latest tweet. Listing spurs participation deepening liquidity which in turn stabilizes prices taming volatility as a result. On the charts, prices are within Oct 15 high low and trading within a $3 range with caps at $55. While prices are trending inside Oct 15 high low—which is positive especially if we factor the level of market participation, our last Litecoin trade plan is solid. As such, despite the slow-down, risk-off traders can begin packing Litecoin in lower time frames with stops at $50 and first targets at $70. Should momentum surpass expectations and LTC rally above $70 then odds are bulls might retest $90 and $110 before the end of the year. Stellar Lumens Price Analysis Leading the recovery is Stellar Lumens which is up eight percent in the last day. What’s more—prices are now above 25 cents triggering aggressive bulls aiming for 30 cents as buyers bid to build on the foundation set by Oct 15 bulls. All things constant, our last Stellar Lumens price analysis is valid and as such we recommend entry at spot with stops at Oct 16 lows at around 22 cents. Tron Price Analysis In less than four months, Tron mainnet account creation exceeds 500K according to a recent tweet by Justin Sun. Most notably though is the realization that Tron is on-boarding more than 100K accounts every week as they keep up dislodging EOS at the top. As of October 17th, 19:00(SGT), #TRON mainnet accounts surpassed 500K, the growth speed remains 100K per month, since TRON mainnet was launched less than four months. Go #TRON. #TRX $TRX pic.twitter.com/3M5AmrXENI — Justin Sun (@justinsuntron) October 17, 2018 Aside from this, the yet to be confirmed partnership between Tron and Baidu is nothing more than Tron buying cloud computing resources from Baidu because both parties “The two parties have made no contact at the blockchain business level”. This is according to reports by ODaily via CNLedger translations. 1/ ODaily: The 'partnership' between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. "The two parties have made no contact at the blockchain business level". Source(CN): https://t.co/GXu0KsbtGX — cnLedger (@cnLedger) October 15, 2018 Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience. Price-wise and TRX is stable and trading inside Oct 15 high lows. Although this tight range has been the case in the last three days, it’s likely that bulls are building momentum in lower time frames meaning our last Tron price analysis is valid. In line with our trade recommendations, we suggest traders to initiate buys once we see rallies above Sep highs at around 2.8 cents. Before that happens, we shall retain a neutral approach away that dips below 2 cents effectively invalidates this price projection. Needless to say and as per our iterations, risk-averse traders should begin loading up once there are conclusive break outs above 3 cents, our main resistance level. First targets would be 4 cents and later 6 cents. IO

a day ago

Tron [TRX/USD] Technical Analysis: Cryptocurrency’s bullish high seems to be wearing off

The tumultuous cryptocurrency has seen its highs and lows over the past week and the resulting price fluctuations have been consistent across the cryptocurrency charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] have all received a mixed bag of sorts in terms of the prices. The Justin Sun led company has been on quite a roll with multiple announcements and updates coming out of the company stables. Although the TRONics were delighted with the recent price hike, the current scenario seems to be a tad different. 1 hour The trend lines show a visible downward trend with the sideways price movements stabilizing after the massive bullish spike. Tron had held a support of $0.0249 which was consistent for a couple of hours post which, it dropped to its current support of $0.0246. Another major pointer that the trend line has revealed is that the support after the bull run has settled higher than the six days prior to Tron rising to $0.0273. The MACD and the signal lines have crossed over multiple times with the MACD histogram almost flat, indicating a sideways movement of the prices sprinkled with some bearish pulls. The MACD graph coincides directly with the price chart and is tending towards the bear’s realm. 1 day The Bollinger bands are showing a consistent pipe-like shape which is indicative of the absence of a price outbreak. The bearish trend is clearly seen on the bands which have maintained is shape but has been depressed in terms of price. Tron’s price movements have stayed between the up[per Bolliger band and the lower Bollinger band, a sign of a sustained price movement. The Relative Strength Index [RSI] shows Tron maintaining a close relationship with the overbought zone. The day’s price has stayed consistently between the overbought and oversold zone. The past month, according to the charts showed the cryptocurrency tending more towards the oversold zone. The RSI also shows that even though Tron has maintained a healthy relationship with the overbought zone, the bear’s clutches just does not seem to let go of it completely, bringing the price back down towards the oversold line. Conclusion Tron seems to be headed towards a path peppered with slight bearish drops in a majoritarian sideways price movement. The post Tron [TRX/USD] Technical Analysis: Cryptocurrency’s bullish high seems to be wearing off appeared first on AMBCrypto.

a day ago

Pantera’s Krug: The Next Crypto Bull Run Will Bring A 1000% Gain And Hit $2 Trillion In Market Cap

Just recently, Ethereum’s Vitalik Buterin went on record saying that the crypto market, and Bitcoin in particular, couldn’t possibly experience a second mega price surge in the thousands. Well, someone seems to disagree with that assessment. That someone is the Chief Investment Officer (CIO) of Pantera Capital. Joey Krug presides over the investment decisions of one of the largest crypto investment funds on the planet. The Crypto Market From Joey’s Angle Speaking to Bloomberg, Joey had a thing or two to say about what he thought of as the imminent price surge that’s about to happen in the crypto market. In his opinion, the next crypto bull run will very likely put the market’s total trading volume at $2 trillion. For that to happen, the crypto market will have surged by about 1000%. By all accounts, Joey seems pretty sold to that prospect. To support his opinion, Joey Krug mentioned the current campaign to foster mass adoption of cryptos, and the fact that huge financial institutions like Fidelity Investments are finally recognizing the need to adopt cryptocurrencies. Krug thinks that such moves towards crypto mass adoption could potentially trigger a major market event and drive the price up by unprecedented margins. What Could Trigger A Bitcoin/Crypto Bull Run? However, Krug also noted that this kind of price surge can only happen if it’s supported by strong foundations of easily scalable crypto networks. In fact, scalability has been one of the most damning hurdles facing cryptocurrencies and various other blockchain-based products. Krug went on to mention that the leading crypto networks like Bitcoin seem pretty poised to solve the scalability problem - at least by what they’ve been doing about it lately. Bitcoin’s Lightning Network is touted as a cheaper and faster option for funds transfer. Blockstream, a blockchain development company, is also launching the Liquid Network, a Bitcoin sidechain that will make transactions even faster and more secure than the current Bitcoin network. Ethereum, XRP, and Tron are also on the right track in developing better systems to speed up transaction processing. Such developments will ultimately rival the likes of Visa and Mastercard and contribute greatly to the campaign for mass adoption of cryptocurrencies. As is already a fact, mass adoption equals price surge. Commenting on the current market situation, Krug opined that the crypto market, especially the Bitcoin market, has already hit the bottom and will remain to swing about the current average ranges until the next big thing happens and catalyzes the next bull run. The post Pantera’s Krug: The Next Crypto Bull Run Will Bring A 1000% Gain And Hit $2 Trillion In Market Cap appeared first on Ethereum World News.

a day ago

Odyssey (OCN) Price up Over 30%, Possibly Due to OKEx Rumors

Today marks an exciting day for the Odyssey project. Not only is the OCN token up over 30%, but the platform just made it into CMC‘s top 100 cryptocurrencies, currently ranking 94 by market cap. What is Odyssey (OCN) exactly? If you’ve never heard of Odyssey, think of it as a blockchain based Airbnb / Uber type platform. It is a Singapore based project and the OCN ERC20 token is the native currency for the Odyssey network. The team’s mission is to create a peer to peer sharing economy where very little is actually owned and most things are shared. It is a huge project that requires significant resources to develop. Luckily, Odyssey has some high profile advisers that can help the platform achieve their goals. One of OCN’s most prominent chief advisers are Justin Sun - TRON founder. Odyssey also has some major partners, including Amazon Web Partners and IBM. Why Is the OCN Price Going Up? There are some rumors circulating on OCN’s telegram about a potential listing on OKEx. Back in July, Odyssey announced a partnership with the Hong Kong based exchange where the team will build OCNEx, a crypto to crypto exchange built on top of OKEx. The OCNEx exchange went live a month later. According to their website: “OCNEx launches a digital asset exchange on August 15th dedicated to the Global Sharing Economy Community. The exchange will work closely to integrate top security and privacy features, leveraging their partnership with global leading exchange OKEx.” Now that the exchange is up and running, the team behind OCN have effectively demonstrated a working product. While there was a two month gap between OCN’s launch and the price spike, we can assume the market just had a delayed reaction. As you can see in the above chart, the price didn’t start rising until late September. If anything, the OKEx partnership and the OCNEx announcements merely put a pause to the bearish trend. There is a saying in crypto: “buy the rumor, sell the news.” Applying it to the OCN market, if the rumors end up being correct and OKEx does end up listing OCN in the near future, be prepared for a selloff. Currently trading at $0.014, OCN’s hit its all time high back in April when the price hit $0.041. OCN is still a long ways away from that level, but if the platform keeps up with its roadmap, the sky is the limit for the token. ODYSSEY's roadmap, every day, one step closer to a better sharing economy ecosystem! @Obike_SG pic.twitter.com/9pfRJt678b — Odyssey (OCN) Official Channel (@OdysseyOCN) January 17, 2018 Disclaimer: This is not trading or investment advice. The above is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. OCN Charts by Tradingview The post Odyssey (OCN) Price up Over 30%, Possibly Due to OKEx Rumors appeared first on NullTX.

a day ago

LINE Corp Announces Exclusive LINK Listing on BITBOX Cryptocurrency Exchange

Japanese messaging app, LINE Corp, today announced that its token, LINK, was listed exclusively on BITBOX cryptocurrency Exchange. LN Trading Pairs The LINK (LN) token, according to LINE Corp is available exclusively on its cryptocurrency exchange, BITBOX. Along with LN, three other major virtual currencies are also listed on BITBOX. They include Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The company’s announcement represented an upgrade in the LINK token and also made the LN recognizable and useful in the virtual token industry. Commenting on the launch, Takeshi Idezawa, the CEO of LINE Corp, said: We’re very pleased that users are now able to trade LINK on BITBOX, which is a major step forward in our plans for creating a token economy that rewards user participation. We think it is important to promote co-creation and mutual growth with LINK while ensuring BITBOX continues to develop as a user-friendly platform that adds value to those who use it and contribute to our services. Proposed TRX Airdrop The messaging app also announced the inclusion of different airdrop events by its cryptocurrency exchange platform, to commemorate the LN listing. Bitbox will also airdrop TRX tokens to LINK token holders. Customers will receive an equal number of TRX for their LN. Furthermore, for traders who deposit TRX on the platform, they will also receive an airdrop of LINK. The company provided a website containing details of airdrop events and other limited events on Bitbox’s website. Also, the company’s cryptocurrency exchange plans to offer several LINK-based rewards, such as discounts and trading fees. LINE Betting Big on Cryptocurrency The Japanese messaging giant is not new to the digital currency scene. With a user base of about 200 million, LINE Corp has taken remarkable steps in the virtual currency space. LINK Corp, in May, inked a partnership deal with Korean cryptocurrency ICON (ICX). The collaboration could tentatively result in millions of LINE customers using the ICON blockchain platform to access dApps. The Japanese company further took a giant step by establishing its own cryptocurrency exchange, called Bitbox, in Singapore. Bitbox would offer over thirty different digital currencies, including major ones like Bitcoin, Litecoin, and Ethereum. The company further announced that Bitbox would only offer crypto/crypto market transaction. As at June, LINE Corp announced that the services of the trading platform would be available to users around the world, except the United States and Japan. In addition to its Bitbox launch in Singapore, the company added TRON (TRX) to its Bitbox exchange, through multiple trading pairs. The pairs include TRX/BTC and TRX/ETH. Image courtesy of LINE Corporation. The post LINE Corp Announces Exclusive LINK Listing on BITBOX Cryptocurrency Exchange appeared first on Ethereum World News.

a day ago

Is Tron [TRX] planning to build its decentralized TronTube after the YouTube outage incident?

In the wake of the outage issue with YouTube, the most popular video-sharing website in the world, Tron Foundation took to Twitter to express the discontent and stated that there needs to be a decentralized platform similar to YouTube built on the Tron blockchain. This is to avoid a single failure point in such systems ...

a day ago

TRON Could Bring More Games To Blockchain

Earlier this week, the teams behind the TRON Foundation and BitGuild announced their first game to be added onto the TRON blockchain called Magic Academy. The fiction game will allow users to barter and haggle gaming items as well as buying upgrades for their items and so much more. There will also be a TRC20 token which will fuel transactions in the game on the TRON blockchain. TVM The TRON Virtual Machine will be the last piece to complete the TRON Mainnet which will allow users to design smart contracts in a friendly environment as well as testing them before going live. The TRON Virtual Machine will be able to work with Ethereum’s and it will also allow developers to code in the solidity programming language. Working with Ethereum is a great step forward and will be vital in migrating major decentralised apps from the Ethereum platform which will need a higher throughput than the current one available on Ethereum’s platform. Miles Ahead TRON is 200 times faster than Ethereum which makes it miles ahead of its rival. In the past, we’ve seen games on the blockchain such as Pepe the Farmer and Crypto Kitties but have left congestion issues on the Ethereum platform. This is primarily due to the platform only being able to handle up to 25 transactions per second. But on the other hand, TRON has seen over 2,000 transactions per second on several occasions in the past. Despite all this, TRON is better suited for putting games on the blockchain. Looking into the past, the initial whitepaper by the team at TRON shows that their original plans were to decentralise the entertainment as a whole. One of the parts of the plan include games, however, since then TRON new plan isn’t just aimed at the entertainment industry but for the whole internet to be decentralised. The whitepaper went onto analyse the size of the market and the growth of the gaming industry too. The mobile gaming industry stood out as online mobile games have occupied our lives as you can see people play angry birds - or something similar - in a park, bus or waiting in the doctor’s office. These are the kind of games that need to be developed for the blockchain. What are your thoughts? Let us know what you think down in the comments below! References: Ethereum World News googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post TRON Could Bring More Games To Blockchain appeared first on Crypto Daily™.

a day ago

Tron [TRX] mainnet accounts surpass 500k, growth speed remains 100k/month - Justin Sun

On 17th October, the Founder of Tron Foundation made an announcement regarding the success gained by the ecosystem so far. He stated that the Mainnet accounts of Tron have surpassed 500k whereas the growth is steady at 100k per month. He also mentioned that it has only been four months since the launch of the Tron Mainnet. On his official Twitter handle, he wrote: “As of October 17th, 19:00(SGT), #TRON mainnet accounts surpassed 500K, the growth speed remains 100K per month, since TRON mainnet was launched less than four months. Go #TRON. #TRX $TRX” Recently, Tron has been in the news for establishing several partnerships with the big players across industries. Some of them are BitTorrent, Pornhub and Baidu, China’s biggest internet search provider. However, Baidu has not yet confirmed through legitimate sources as Justin Sun is yet to formally reveal the “secret partnership”. Furthermore, it has also come to light that if the reports claiming Baidu as Tron’s new partner are true, then the project will not revolve around blockchain but cloud computing. Despite this, rumors flying around state that the Tron ecosystem is purchasing cloud computing resources to build, create and debug products and applications on the blockchain. This week, Justin Sun also took some interest in the altercation that took place between blockchain developer Vitalik Buterin and the popular economist, Nouriel Roubini. Here, the Tron Foundation CEO offered to sponsor a debate event between the two parties and put forth the reward of $1 million for the winner. He said: “#TRON is happy to sponsor this debate and give 1 million USD to the winner. The result can be decided by the public vote. #TRX $TRX” The post Tron [TRX] mainnet accounts surpass 500k, growth speed remains 100k/month - Justin Sun appeared first on AMBCrypto.

a day ago

Tron Offers to Use its Platform to Solve Youtube’s Current Challenges

The video streaming giant site youtube went down on Tuesday due to some technical issues. Though it came back just about an hour later, millions of users worldwide were frustrated because they couldn’t access the network. Users started noticing the video service’s sites and mobile app was down around 9:20 PM ET, but nothing changed until after an hour. Both the youtube tv and youtube video were also affected by this outage. The youtube team acknowledged this downtime in a tweet saying they were working to resolve the issues. “Thanks for your reports about YouTube, YouTube TV, and YouTube Music access issues. We’re working on resolving this and will let you know once fixed. We apologize for any inconvenience this may cause and will keep you updated” At about 10:45 PM ET, it appears the sites started working again, up until the time of this writing, youtube team has not come up with what could have caused this outage. But some other companies who understood what sort of technical issues could have caused the shutdown, are offering to help resolve youtube technical issues. Tron Foundation is a cryptocurrency platform that uses its blockchain to deliver content, from content creators to content users. It believes that with its platform which consists of many nodes based on the decentralized system, such technical issues would never arise. Issues Encountered by Youtube and How Tron wants to Solve Them Youtube users continuously faced server error, if they tried to sign in to any of youtube sites either to watch or upload a video. They were not able to access the platform which kept on loading. The Tron foundation came up to say in a tweet that they could handle this issue. Today, @YouTube users around the world had access issues on YouTube, YouTube TV and YouTube Music for almost 1 hour. Our #TRONICS believe that with the decentralized platform on #TRON, that kind of issue won’t happen. #TRX $TRX https://t.co/eFOcOwmpaL — TRON Foundation (@Tronfoundation) October 17, 2018 Tron has a decentralized platform that can be used to build the blocks of blockchain it utilizes. This system doesn’t have a central point that is usually down due to bug attack. The system is more secure and easy to access due to the absence of a central point. This makes easier it for another node to manage the load when one is down. According to Tron foundation,their decentralized system would never allow such a breakdown that youtube had. The loading and loading experience wouldn’t have happened if there was a backup node to manage the loading. The post Tron Offers to Use its Platform to Solve Youtube’s Current Challenges appeared first on ZyCrypto.

2 days ago

Tron’s Gaming dApp, TRONBet Becomes an Instant Hit by Being Played More Than 10,000 Times After its Launch

Recently, in an official Twitter handle, Tron announced the release of its gaming dApp, TRONBet. The gaming dApp became an instant hit as it was played more than 10,000 times after its launch. TRONBet has been ranked the first among gaming dApps as high performing and permissionless. With TRONBet, Tron intends to bring transparency and fairness to the gaming industry. (KE)

2 days ago

Line’s Cryptocurrency Exchange Lists Its Own Token for Trading

Bitbox, the cryptocurrency exchange launched by messaging giant LINE, has announced that it has listed its very own token for trading against major digital currencies. LINK is already available in trading pairs with Ethereum (ETH), Bitcoin (BTC), and USD-pegged stablecoin Tether (USDT). "We’re very pleased that users are now able to trade LINK on BITBOX, which is a major step forward in our plans for creating a token economy that rewards user participation," said Takeshi Idezawa, CEO at LINE. It is reported that Bitbox will hold a few special airdrop events to celebrate the listing of LINK, and these coins airdropped reportedly will include Tron, the very first coin project to pass the review process of BITBOX. (RL)

2 days ago

LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading

The crypto exchange launched by Japan’s largest social network, LINE, announced the listing of its own token LINK (LNK) for trading against Bitcoin, Ethereum, and Tether. LNK Up For Trading on Bitbox Bitbox, the cryptocurrency exchange launched by messaging giant LINE, announced that it will list its very own token for trading against major digital currencies. BITBOX lists LINK. Start trading LINE's official digital token! https://t.co/rnpvdTYXWr#BITBOX #BITBOXExchange #CryptoExchange #LINKonBITBOX #LINK #LN $LN #LINE pic.twitter.com/Yzph1BDj46 — BITBOX (@bitbox_official) October 16, 2018 The LINK token is currently available on the platform in trading pairs with Ethereum (ETH), Bitcoin (BTC), and USD-pegged stablecoin Tether (USDT). According to the official release, the launch of LINK trading is a serious milestone in the implementation of the company’s token economy. Speaking on the matter was Takeshi Idezawa, CEO at LINE, who said: We’re very pleased that users are now able to trade LINK on BITBOX, which is a major step forward in our plans for creating a token economy that rewards user participation. We think it is important to promote co-creation and mutual growth with LINK, while ensuring BITBOX continues to develop as a user-friendly platform that adds value to those who use it and contribute to our services. In order to celebrate the launch of the new trading pairs, the cryptocurrency exchange is set to hold a few special airdrop events. The first one of them includes TRON (TRX). LNK holders will be able to receive TRX based on the number of their LNK holdings. TRON depositors, on the other hand, will receive airdrops of LINK. Welcome to @LINE_Global's cryptocurrency LINK and its listing to @bitbox_official! To celebrate, #TRON is organizing an airdrop! Get your hands on these $TRX. More info here https://t.co/7B4sKlR44L $LN pic.twitter.com/qKR4HEUjkg — TRON Foundation (@Tronfoundation) October 16, 2018 As Bitcoinist reported in August, TRON managed to become the very first coin project to pass the review process of BITBOX, carried out by an open-listing committee. LINE also launched a $10 million blockchain investment fund, becoming amongst the country’s first publicly traded companies to formalize investments in digital currencies through corporate funds. What do you think of BITBOX’s listing of LNK? Tell us your thoughts in the comments below! Images and media courtesy of Shutterstock, Twitter /@bitbox_official/ @Tronfoundation. The post LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading appeared first on Bitcoinist.com.

2 days ago

China’s Baidu Rumored to Be Justin Sun and Tron’s ‘Billion Dollar Valuation Industry Giant’ Partner

Justin Sun, founder and chief executive of Tron, is known for keeping the Tron and crypto communities in suspense. Sun tweeted on Oct. 12 that Tron is partnering with an industry giant valued at tens of billions of dollars but asked the crypto verse to guess who the partner is. On the same day, CoinNess tweeted that it had been informed by the Tron team that Tron and Baidu had confirmed a partnership. The details of the deal are still not known. Baidu Cloud is expected to make an official announcement next week. What This Deal Could Mean for Tron Justin Sun tweeted: “Finally, first time to partner with tens of billions USD valuation industry giant. Guess the name.” The crypto community reacted very well to the news that Tron is partnering with Baidu. Baidu has the lion’s share of the Chinese Internet search market accounting for over 76 percent of the market, and its next competitor, Alibaba Shenma, has a distant 14 percent of the market. Baidu, also referred to as the Google of China, is used by more than two billion people worldwide, or 28 percent of the global population. In less than 24 hours after Sun’s tweet, Tron’s native token, TRX, reacted positively to the speculation, and its price jumped more than 16 percent from $0.02 to $0.023667. TRX’s price is currently sitting at $0.024671. If the partnership finally goes ahead, it will be good for Tron in 2019 and going forward. The deal could see Tron exposed on a wider scale, opening more doors for adoption and possibly commanding a respectable position on the market cap list. TRX is currently the eleventh largest cryptocurrency with a market cap of more than $1.6 billion. Tron Partnerships In May, rumors emerged that Tron was planning to buy BitTorrent, a file-sharing protocol launched in 2001. Along the way, the deal went sour with lawsuits in-between. The Tron Foundation put the matter to rest on July 24 through a blog post confirming the acquisition. Part of the blog post read: “From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world.” According to TechCrunch, the deal was worth $126 million. One of the biggest rumors around Tron was its looming partnership with Alibaba, the largest e-commerce business in China founded by Jack Ma in 1999. Ma and Sun have a close relationship, and it could have worked in favor of the deal. The Tron leader was among the first graduates of Ma’s Hupan University. Many predicted that the partnership would propel TRX to as high as $4. But the deal hasn’t been inked yet, and there are doubts that it will ever be. Alibaba denied the partnership. Whether Tron’s partnership with Baidu goes through or not, Tron has had an eventful year. The decentralized platform successfully launched its mainnet on May 31 and followed it up with a couple of successful projects. China’s Baidu Rumored to Be Justin Sun and Tron’s ‘Billion Dollar Valuation Industry Giant’ Partner was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

Litecoin [LTC/USD] Technical Analysis: The bear to further devour the market?

The cryptocurrency market has again resumed with its sideways trend after experiencing massive volatility last week. The prices of all big coins, such as Bitcoin [BTC], Ethereum [ETH], XRP, Tron [TRX], among others took a flight by close to 10% in a day. On the other hand, Litecoin [LTC] touched a hike of over 12% yesterday. At the time of writing, Litecoin was floating in the green zone, up by merely 0.04%. It is currently trading at $54.99 with a market cap of $3.23 billion and a 24-hour trading volume of $319.6 million. 1 hour: Litecoin 1-hour price candles | Source: tradingview In the 1-hour timeframe of LTC candlesticks, the support is set at $50.49, with the resistance at $55.36, according to upward and downward trend lines. The lines have been observed to converge soon, causing a breakout in the LTC price trend. The Parabolic SAR is responding negatively to the LTC market, currently suggestive of the bear-rule. The dots appear to be aligned over the candlesticks, pushing the trend further down. The Awesome Oscillator has turned red as of now and is warning against a depreciating market for Litecoin. This, however, is also possible because of the current sideways trading market. The third indicator, i.e., Chaikin Money Flow has moved away from the mentioned predictions and is betting on a bull market for the cryptocurrency. It is currently floating above the 0-mark and ready to take an uptrend approach. 1-day: Litecoin 1-day price candles | Source: tradingview In the 1-day scenario of LTC price, the support fixed at $50.33 is barely able to hold the price above the line. Furthermore, the resistance line ranging from $177.73 to $59.25 is about to form a descending triangle with the support. The Bollinger Band is indicating an upcoming wave of volatility as it has narrowed its neck to welcome the price fluctuation which could be a little dramatic. Meanwhile, the MACD does not look enthusiastic about a positive prediction as well. It has made a bearish crossover by the signal line and is running underneath. The RSI is with MACD on its skepticism towards a healthy LTC market. This indicator is also floating in a depressed space, going for a bear-market prediction. Conclusion: In this technical analysis, it has been noted that most of the indicators are leaning towards a bearish flow of the Litecoin price. However, the 1-hour candlesticks are hopeful of entering the green-zone, as predicted by the Chaikin Money Flow indicator. The chances of a positive event, however, look bleak even in that scenario. The post Litecoin [LTC/USD] Technical Analysis: The bear to further devour the market? appeared first on AMBCrypto.

2 days ago

Report: Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

Report: unconfirmed “partnership” between TRON and Chinese search giant Baidu will center on cloud computing, not blockchain...

3 days ago

Tron (TRX) Price Analysis: Trends of October 16-22, 2018

Key Highlights: There is a tendency for price reduction; a breakdown of the price below the support level of $0.025; there is a probability for further increase of the price. TRX/USD Long-term Trend: Bullish Resistance levels: $0.026, $0.028, $0.031 Support levels: $0.025, $0.022, $0.020TRX/USD continues its uptrend movement in its daily chart last week. On October 11, the bears pushed the coin to the support level of $0.022 and it was rejected by the formation of bullish inside bar candles which brought about the influx of the bulls into the market and the coin experienced rapid uptrend movement to the upper resistance level of $0.030. The Bulls lost the pressure and the market reversed to the support level of 0.025 with the high momentum of the bears; this confirmed with the formation of upper long wick candles. Currently, the price is retesting the resistance level of $0.025. The coin is above the 10-day EMA and the 50-day EMA is below the 10-day EMA; which means there is a probability for further increase of the price from the support level of $0.025. In case the support level does not hold, there may be a break out to the lower support level of $0.025. The Stochastic Oscillator Period 14 on the daily chart is above the 25 level with the signal lines pointing to the north, indicating that price may increase. TRX/USD Price Medium-term Trend: Bullish On the 4-Hour chart, the coin is also bullish last week. The formation of bullish pin bar on the support level of $0.022 brings in more Bulls into the market with their full force and brought a sudden increase of the price. The price headed towards the upper resistance level of $0.030 last week. The bears came in and gradually push the coin downward. As at now, the bulls are in control of the market as TRX is above 10-day EMA and the 50-day EMA; it indicates a continuation of uptrend movement. In case bears increase their momentum there is a probability that the price will experience downtrend movement below the support level of $0.025. Nonetheless, the Stochastic Oscillator Period 14 is below 50 levels with the signal lines directed towards the south indicates a sell signal. The post Tron (TRX) Price Analysis: Trends of October 16-22, 2018 appeared first on CoinSpeaker.

3 days ago

Tron [TRX] Foundation and Justin Sun announce a new partnership event

On 16th October, the Tron Foundation, which is the parent organization of the 11th largest cryptocurrency in the world announced an airdrop event for the community. This is at the onset of a collaboration between the Tron ecosystem and Bitbox - a cryptocurrency exchange and wallet. In its official Twitter announcement, the foundation wrote: “Welcome to @LINE_Global’s cryptocurrency LINK and its listing to @bitbox_official! To celebrate, #TRON is organizing an airdrop! Get your hands on these $TRX. More info here https://linecorp.com/en/pr/news/global/2018/22 ... $LN” The cryptocurrency token called LINK [LN] is launched by Line Corporation and will be able to be traded on Bitbox soon, in pair with Bitcoin [BTC], Ethereum [ETH] and Tether [USDT]. Here, Bitbox shared that it will be launching a special airdrop event for the userbase. Tron has acknowledged itself as the participant and partner for the airdrop held on the occasion of this listing. Currently, the acquired LINK tokens can be utilized only within dApps but will soon be available on more channels. Regarding the launch, the Founder of Tron Foundation, Justin Sun welcomed Line Corporation into the cryptocurrency community and wrote: “Glad to see more leading companies adopting #blockchain and its technologies! We welcome @LINE_Global’s commitment and look forward to working closely with their team on further product integration. Enjoy $TRX airdrop on @bitbox_official!” Last week, he also piqued the interest of many by announcing of a secret partnership on his Twitter handle. The news received much buzz with many community members drawing speculations on the name involved in the new partnership. One of the biggest acquisitions that Tron has been able to achieve is when it took over BitTorrent. A Japanese platform called ODaily wrote that the secret partnership involves the Google version of China, Baidu browser. However, Tron and Baidu, neither of the parties have confirmed of any such news till date. The post Tron [TRX] Foundation and Justin Sun announce a new partnership event appeared first on AMBCrypto.

3 days ago

Tron (TRX) Developer Update: 90 Smart Contracts Deployed and Counting

The activation of the Tron (TRX) Virtual Machine last week was particularly important in the sense that developers could now develop smart contracts that would power Decentralized Applications on the network. By the 13th of October, reports had indicated that there had been 82 smart contracts deployed on the Tron platform. These contracts had been called 40,658 times at the time of the report. Marcus Zhao, former Alibaba Chief Data Mining Expert, made the smart contract announcement via the following tweet: TRON TVM data update: 82 contracts deployed and have been called 40658 times. boosting !!! — Marcus Zhao (@Marcus_ZhaoHong) October 13, 2018 Tracking of Smart Contracts Now Available At the time of the tweet by Marcus, there was no way for regular folks like you and I to track the smart contracts on the Tron platform. However, Tron believer Misha Lederman, notified the Tron Community of the availability of a site to track the smart contracts on the platform. His tweet was as follows: #TRON Smart Contracts can now be tracked at: https://trxinfo.org Current updated $TRX Smart Contracts: 88 to TRON’s Technical Manager @Marcus_ZhaoHong, former #Alibaba Chief Data Mining Expert, for sharing the site with the #TRX community 90 Smart Contracts deployed At the time of Misha’s tweet, there were a total of 88 smart contracts deployed. Further checking the provided website, we find that there are now 90 smart contracts deployed. This is a noteworthy achievement given that the TVM was only activated on the 12th of October which is only 4 days ago. Developers Are Key In Making Tron Great In an earlier post, we had seen how Decentralized Application developers are crucial in making Tron great. With the given throughput of 2,000 transactions per second and zero fees on smart contract operations, the Tron mainnet is bound to attract a lot of developers who are more focused in creating a functional DApp without worrying about network congestion and gas fees. DApps that need a high throughput include those for gaming, finance, advertising and social media. With the Developer Webpage on the Tron website, anyone with an interest in blockchain technology can now explore the Tron platform. There is also a developer conference scheduled for January in San Francisco. What are your thoughts on the progress of Smart Contract deployment on the Tron network? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Tron (TRX) Developer Update: 90 Smart Contracts Deployed and Counting appeared first on Ethereum World News.

3 days ago

Litecoin Price Analysis: ADA Recover from 7 cents as TRX Bulls Aim At 4 cents

Unless otherwise, we expect traders to buy on dips in lower time frames all thanks to yesterday’s attempts of higher highs. Supporting this view are breaks above key resistance lines in Cardano while Tron might print above Sep 2018 highs today. Let’s have a look at these charts: EOS Price Analysis Like most coins in the top 10, EOS volatility is back. However, this time bulls have an upper hand and are up four percent in the last day. Not only are we seeing a situation where buyers might end up reversing last week’s losses but chances are EOS are now bottoming up. Because of this and that fact that our previous EOS short traders are not valid thanks to yesterday’s price explosions, we recommend taking a neutral stand. That’s until after buyers build enough momentum and drive prices above Sep highs at around $6.5. It would even be preferable if we see gains above $7 jolting risk-averse traders back to action in line with our last EOS price analysis. Litecoin Price Analysis Thanks to yesterdays across rising tides, Litecoin bulls are back. On a daily basis, prices are up four percent and the results are clear. From the chart, there are clear rejections from the main support line at $50. Additionally, momentum is building though LTC is technically bearish. Besides, note that prices are still trending inside Oct 11 bear bar in a classic effort versus results scenario. Regardless of the pump, our trading plan is clear: LTC bulls would be in charge once prices rally above $70—the lower limit of our resistance zone. Conversely, bears should be in control in line with the bear break out pattern of early August if a whole bear candlestick print below $50 ushering in bears aiming for $30. Stellar Lumens Price Analysis If anything, Stellar Lumens is one of the top performers in the last 24 hours adding a massive five percent. Despite the sharp spikes, prices are yet to close Oct 11 highs. And instead what we do have is a long upper wick signaling bear pressure in lower time frames. Regardless of the upbeat momentum, we recommend patience until after our Stellar Lumens trading conditions are met. That is, if bulls build enough momentum and drive prices above 25 cents, then buyers should ramp up on dips in lower time frames. However, declines below 18 cents-20 cents main support would activate the next wave of sellers aiming at 8 cents or below. Tron Price Analysis TRX is up five percent in the last day reviving bulls in the process. But, what should be noted though is not the strong resurgence of the last few days but the realization that prices have been ranging within a tight 0.8 cents. In line with our previous Tron price analysis, we need strong rallies above Sep highs at 2.8 cents. Thereafter, bulls can buy on dips with first targets at 4 cents. While this is likely to print today because of yesterday’s hype around Tether, savvy traders would be better placed to reap from patience if they wait for clean close above 2.8 cents. Safe stops would be the lows of the break out bar at around 2.3 cents. Cardano Price Analysis The rejection of lower lows could have a medium to long term effect on Cardano and ADA prices. Besides, it’s not only stabilizing for prices but for the main wings of Cardano following an open letter by Charles Hoskinson citing performance problems from the Cardano Foundation. So far, ADA is up three percent. But, as they print higher prices are bouncing off from the main support at 7 cents. Though we expect a follow through today, we suggest traders to take a neutral stand until after there are gains above the minor resistance trend line and later 9.5 cents in line with our last Cardano trade plan. Thereafter, aggressive traders should load on dips in lower time frames as risk-averse traders wait for rallies above 12 cents triggering high volume bulls aiming for 20 cents and later 4o cents. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Litecoin Price Analysis: ADA Recover from 7 cents as TRX Bulls Aim At 4 cents appeared first on NewsBTC.

3 days ago

Tron Foundation Announces That the TronGrid Website is Now Live

The Tron Foundation recently posted the following announcement on their Twitter feed: “Our website for TronGrid is now available! Developers may visit the site for access to the Shasta testnet TRX faucet and for other information. Technical questions about developer tools and Shasta can be directed to our Discord channel.” According to the website, “TronGrid offers an ideal environment for developers to access important tools to develop decentralized applications on the TRON protocol,” and offers TRON clients running in the cloud so that developers do not need to run their own. (JF)

3 days ago

Our website for TronGrid is now available! Developers may vi...

Our website for TronGrid is now available! Developers may visit the site for access to the Shasta testnet TRX fauce... https://t.co/Y9EaKOayPV...

3 days ago

Tron (TRX) Partnership with Baidu Has to do With Cloud Computing, Not Blockchain

There was a lot of excitement generated by Justin Sun last week when he hinted about an exciting new partnership with an industry giant valued at tens of billions of dollars, which led to speculation of a partnership with the Chinese IT giant Baidu. After further investigation, Beijing news outlet Odaily is indicating that this “partnership” is basically a purchase for the use of cloud computing resources offered by Baidu. Baidu does have plans to launch a cloud partner program, and those plans may include Tron, but there have been no announcements made indicating such a partnership. (JF)

3 days ago