TronWeekly

Crypto World News

You are here: Home / Search for "ark invest"

Search Results for: ark invest

TRON Foundation discloses GRID, BTT and TRX crypto card, pre-order date

by

TRON Foundation has finally released vital info about its newly-formed cryptocurrency card: GRID. TRON stated the pre-order details and the cost involved during the announcement.

The Sun-led Foundation has confirmed that the pre-order date for GRID or BitTorrent crypto-card will be on February 19, 2019.

Tron’s GRID Crypto-card

According to TRON, the GRID crypto-card will be a prepaid card that could be pre-loaded with TRX tokens in 3 different amounts: 15,000, 50,000, or 100,000. Additionally, BitTorrent tokens and monthly airdrops will be awarded to card owners in varying amounts.

It’s worth noting that if a card owner has 15,000 TRX per card, then he/she will be given 1,500 BTT token plus a monthly airdrop of 0.1 per TRX; for 50,000 TRX per card, 6,000 BTT token plus a monthly airdrop of 0.12 per TRX will be awarded; 100,000 TRX card, 13,000 BTT token plus a monthly airdrop of 0.13 per TRX will be given.

The GRID cryptocurrency card was specifically designed for a single-use, which implies that the card cannot be funded with TRX tokens after it has been purchased.

However, the amount of the monthly airdrops that will be awarded will solely depend on the amount of TRXs the owner spent and the BitTorrent token received without the card owner boosting the amount of the token.

Nevertheless, if the card owner decides not to spend any fund or hasn’t spent any money with their GRID card, that will not limit their entitlement to rewards; in fact, airdrops will continue to increase and be enjoyed as a cold storage wallet to invest as an alternative to spending the BitTorrent and TRX tokens.

Other Crypto-cards on TRON Network

At the moment, TRON has two crypto-cards – in which GRID is one of them. The other one is TronCard. The TronCard was the first crypto-card to be produced on Tron Network, and it was created to be a wallet to hold TRX and TRC10 tokens.

It is necessary to note that TronCard customers can access their passcode to integrate their physical card within a virtual wallet when they scan the QR code provided by TRON network.

TRC10 and TRX tokens are tokenized digital assets built on Tron Network; TronCard acts as a secured wallet to save these tokens.

The network behind TronCard was Poppy (a point scale system with integrated Tron Payment processing), and it has created an update for the Clover POS systems.

Nevertheless, GRID and TronCard can now be used in different places that make use of Clover POS systems, due to the update made by Poppy. Since these crypto-cards can only be used in places that make use of the Clover POS systems, they may seem limited, but it does create the platform for increased adoption of cryptocurrencies in the future.

A Great Step towards an Increased Adoption of Cryptocurrencies

The creation of the GRID cryptocurrency card has been seen as a good development in the crypto space, even though SEC might contemplate it on whether it is security or not.

In the meantime, TronCard and GRID can fire-up the mass adoption of cryptocurrencies to surge shortly.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Fascinating airdrops of our Tron TRC20 token Tron Weekly to start next week

by

Tron and the Tron Weekly Journal

Tron is a complex and extensive third generation blockchain project that includes many different things which incorporate the Tronix token (TRX), the BitTorrent network, and a lot more. As such, it’s rather hard to keep up with news regarding Tron which is why the Tron Weekly Journal exists.

The Tron Weekly Journal is an online digital content platform which aims to concentrate all the news about Tron in a single source. The community is very active, but there is no central portal so that investors, aficionados and community members can find out consistently what’s happening in the project.

Our team is comprised of experienced writers and analysts from all over the world who strive every day to bring the community the relevant news they need.

This platform is all about meaningful an relevant content, but it includes an additional ingredient: a native cryptocurrency. It’s called Tron Weekly, it’s a TRC-20 token (which means it’s based on Tron’s token technology), and it’s the means in which content creators are paid for their work, advertisers pay for ads and every economic activity related to publishing is carried out in the website.

Tron Weekly is already one of the most successful TRC-20 tokens, and the best news is that an airdrop is around the corner. Let’s dig a little deeper and find out all you need to know about the upcoming airdrop.

The Airdrop: What you need to know

It will be based on a snapshot of your Tron wallet. That snapshot will be taken on Feb 26th, at GMT+8, so make sure you have a few (the more the better of course) Tron Weekly.

The airdrop will happen on March 3rd (GMT+8), so that’s when you’ll get your tokens.

Every TronWeekly-holding wallet is eligible as long as your wallet address is listed as a holder wallet in Tronscan.

A ratio of 1:07 will be available for those who still have the same or higher amount of Tron Weekly from snapshot date to the airdropping date.

If by March 3rd, you have fewer Tron Weekly than on the snapshot, the ratio will be of 1:0.5.

After the Airdrop

So now you know. The next question is: what happens after the airdrop? We’re glad you asked.

A number of Tron Weekly tokens will be burn. We will burn as many tokens as the total amount captured on the snapshot date. This will help prevent inflationary pressure and keep the token’s value high.

The airdrop will be massive but it’s just one of the many incentives we want to provide to the community. If you read the articles published at the Tron Weekly Journal, or comment on them, or contribute in any way, you’ll also be rewarded with Tron Weekly tokens for your efforts. There will be something for everybody.

More incentives are to come, just keep tuned so that you learn about them.

What do you need to do?

Well… nothing, really. But you could make sure that your address is included at Tronscan as a Tron Weekly holder. That way you’ll know for sure you’ll be part of the airdrop.

And this is just a suggestion: don’t sell right away. Remember, there that we will be burning a lot of tokens so the price could just increase very quickly. Wait a bit, see what happens, you could earn a bit of tokens just by holding them.

Any questions? You can contact any of these fine people who will be happy to listen and answer to your questions, on Telegram: @Tronweekly @Anuroopz @getwhalesoon @Adu_m

Or direct message us on Twitter.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Here’s what the BitTorrent token (BTT) hitting HitBTC means

by

HitBTC

HitBTC is one of the oldest and most advanced cryptocurrency exchanges in the world. Founded in 2013, it operates out of Hong-Kong (owned by Hit Solutions Limited) and Chile. It used to have a Japanese office as well, but that branch was shut down because of new local regulations. It’s expected to open again in the near future.

HitBTC offers 491 different cryptocurrencies in more than 800 trading pairs, and its longevity has made it one of the most important platforms for crypto in the world. Besides its longevity (2013 is ancient history when it comes to cryptocurrencies), the platform is available in many countries all over the planet and it’s made a name for itself regarding reliability and security.

It’s a 100% crypto-crypto exchange, which means that you can’t use any fiat money to buy tokens or link a bank account or a debit card of any kind. But this is how most of the biggest cryptocurrency exchanges in the world work, so that’s not much of a surprise. The exchanges that allow trading in fiat currencies are still not more than a handful.

BitTorrent’s happy Valentine at HitBTC

The reason for us to introduce HitBTC to you in this article is quite simple. As of last Valentine’s day (Feb 14th), the company is listing the BitTorrent Token (BTT) in several trading pairs, especially against Bitcoin, Ethereum and USDT.

This is very good news for the Tron network and its subsidiary, BitTorrent. It means that the recently launched cryptocurrency known as BTT is quickly gaining acceptance in many markets all over the world and will be readily available for trade in some of the most influential exchanges.

As you probably know already, nearly every blockchain network in the world includes (or needs) a cryptocurrency to keep the network going and to incentivize the creation of new blocks for the chain.

BitTorrent is not a blockchain network just yet, but it’s been the world’s largest decentralized network for years. Not too many months ago, Tron bought it and then announced that it would turn it into a blockchain network. Part of Tron’s blockchain network, as a matter of fact, and as such the BitTorrent network would issue a new Tron-based digital asset called BTT.

Project Atlas’ new coin

The merging of Tron and BitTorrent (called “Project Atlas”) has not been completed yet, and both networks remain independent. But it’s expected to happen over the next few months. That will make Tron the world’s largest blockchain by far, even surpassing BitCoin at least regarding users, if maybe not in value.

BTT is not supposed to become a retail currency as many other altcoins, but the means to incentivize users in the BitTorrent network to keep the network’s decentralization going on by sharing their files, bandwidth, and resources for longer periods of time in exchange for passive income in the form of a Tron-compatible cryptocurrency.

But that’s just the beginning. BitTorrent will become a blockchain of the third generation in the full sense of the expression so, soon, it will be able to run decentralized applications and smart contracts, just as Tron does. As that new stage comes to fruition, the use cases for BTT will multiply quickly.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple scores another hit in the Middle East

by

Another week, another partner

Not a week goes by without Ripple securing a new strategic partnership for its crypto-based international payments platform and, every week, we report it to you. The week before the last one was particularly good for Ripple (with the Saudi Monetary authority announcing its support for mass adoption in both Saudi Arabia and the Emirates).

Last week hasn’t been any different, as the news got in. This time it’s the Al Ahli Bank of Kuwait who announced a partnership with Ripple that will enable them to offer instantly settled cross-border payments.

ABK declared itself to be one of the few Kuwaiti financial institutions that will use Ripple’s technology to bring transaction times from days to minutes, fees from dollars to cents. That’s what’s at the heart of this partnership.

The announcement was published last Thursday. It’s the first step in ABK’s adoption of Ripple’s tech that will allow the bank to give its customers immediate confirmations and a secure procedure.

So now, immigrant workers in Kuwait will be able to use ABK’s services to send remittances to family, friends and loved ones back in their home countries much more quickly and much more cheaply.

ABK and the Ripple Net

It brings ABK into the RippleNet (Ripple’s partner network) which is a blockchain-based network, decentralized, global, centered around Ripple and its banking partners. The network aims to enable customers from different banks in many countries around the planet to transfer money across borders quickly, cheaply and safely.

Somnath Menon, ABK’s group chief operating officer, has this to say:

“This partnership with Ripple is aligned with our unwavering philosophy of reimagining a simpler bank. We have significant interests in cross border remittances and plan to harness the power of Blockchain technology for making global payments faster and more convenient for our customers”

He continued,

“As smart technologies continue to rapidly transform the financial sector, we remain committed to enhancing our offerings to our customers, and staying ahead of the innovation curve.”

Mr. Navin Gupta, managing director for South Asia and Meta at Ripple also had something to say  “We look forward to supporting ABK’s ongoing efforts to enhance its digital banking services, by providing our innovative blockchain solutions for speedy cross-border payments.”

Ripple and the Islamic financial systems

Ripple keeps making headway into every continent in the world. But unlike many other blockchain technologies and cryptocurrencies, Ripple is finding acceptance in the Islamic world which is particularly important because the Islamic financial services and traditions are not always lined up with those we are used to in the Western world.

So Ripple’s tech is turning into something of an ambassador for blockchain technology in the Middle East and other Islamic countries of the world.

And this is not just corporate good news. It’s real-world use cases that can turn Ripple’s XRP (or any other cryptocurrency) into a useful form of money that can achieve mass adoption.

And it’s mass adoption that can change the market’s game because that’s how a coin’s value becomes based in authentic demand, instead of relying on speculative pressure, which is still the main force behind most cryptocurrencies (if not all).

So good news for Ripple is good for the company indeed, but also for crypto at large.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

PLAY GOC arrives at TronWalletMe

by

The platform

PLAY_GOC (https://play.goc.network) is one of the 200 decentralized applications running on Tron’s network and blockchain.  It’s a gaming/betting app that includes many classic casino games such as Dice, BlackJack, Roulette, Baccarat, a virtual slot machine, and many others under development.

It’s been very successful. It’s already the world’s third-largest dApp, according to dappradar.com (a website that monitors the activity in the cryptoverse’s blockchain applications) serving more than 6.5k users every day. Crazy Dogs Live is the only largest app in Tron, and not by much (6.6k users daily).

The Tokens

It’s not just a casino, in the traditional sense of the world. It’s decentralized, unlike any traditional gaming platform. And it also a Tron-based cryptocurrency called RWD which you mine in the website just by playing the available games and another one called PLAY.

The main value behind the PLAY GOC developing team is that using blockchain technology should be fun and rewarding for users and that a gaming site should offer a variety of activities besides just playing and betting digital assets. That’s why the platform includes a trading platform as well (Play Market) in which you can trade a variety of Tron-based tokens if you so wish.

PLAY is the token that fuels the platform for the main part. It’s designed strategically to enhance the PLAY GOC environment and you can exchange it for TRX or other Tron-based tokens.

RWD is an incentive for you to keep playing. You play using a variety of Tron-based tokens in PLAY GOC and as you place your bets, the system is mining RWD tokens on your behalf. Owning RWD tokens also allows you to join in some of the site’s special activities.

You can buy either token in some of Tron’s decentralized exchanges, like the one included in Tronscan’s platform. The tokens are supported by the TronLink Wallet, which is very popular because it’s very easy to install and use. It’s a Google Chrome extension, so it takes less than two minutes to install and set up a personal Tron Wallet that supports almost all the currently available TRC10 and TRC20 tokens, including, of course, TRX.

Support from TronWalletMe mobile app

And now, TronWalletMe, which is a secure p2p crypto wallet and exchange platform for Tron-based tokens are adopting PLAY GOC’s in its wallet. The wallet is a mobile app you can get for either your Android or Apple phone and it’s not your typical run-of-the-mill wallet as it includes a decentralized exchange for you to trade in Tron-based currencies.

https://twitter.com/PLAY_GOC/status/1096489097739157504

This is a nod to PLAY_GOC’s achievements as a decentralized application by the Tron community which is using it, playing in it, and enjoying it. While there wasn’t any doubt in any Tron community member’s mind about how important the gambling platform is becoming, having its tokens supported by more and more of the other apps in Tron (TronWalletMe in this case), create more awareness and credibility for PLAY GOC.

And it deserves it. PLAY GOC maybe looks like a simple (but nice) gaming website. It’s a lot more than that. It’s one of the manifold ways in which Tron will achieve total web decentralization sooner or later.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron Now Powers More Than 200 Decentralized Applications

by

Third generation

If you read our posts regularly, you probably already know that Tron, as a third-generation blockchain is not all about a coin (Tronix or TRX in these case) but about a programmable platform that can develop and deploy smart contracts and decentralized apps which aim to decentralize the world wide web as soon as possible.

Yes, the coin is valuable, but it’s not like first-generation blockchains in which there’s nothing else. In Tron’s case, the coin is supposed to facilitate the network’s other aims.

We’re happy to report that Tron has been very successful very quickly in making progress as a decentralized network.

No, the web is not fully decentralized yet, but there are already 200 decentralized apps running on Tron’s network and the top 24 alone boast 65,000 individual users daily. That is quite a lot if you take into account that the other two top dApp platforms (EOS and Ethereum) are nowhere near in terms of daily users or token flow.

Tron at dappradar.com

So you’re not impressed yet? Well, have a look at dappradar.com. This is a website which monitors activities at the world’s main blockchain platforms. According to it, three out of the world’s four most popular dApps are running on Tron (Crazy Dogs Live, PLAY GOC, and Epic Dragons).

This is amazing progress, and it’s happened very quickly. Tron has been around for fewer than two years, and it became an independent network only last May. So all these achievements have happened in fewer than 12 months. That’s been enough for Tron to become more relevant as a decentralized network than Ethereum, which was the rule for years before Tron became independent.

And the best is still to come. The Tron Foundation bought BitTorrent a few months ago, and it’s working on merging it into Tron’s blockchain.

BitTorrent, with more than a hundred million users scattered all over the planet, has been the world’s largest decentralized network for a very long time, and its file-sharing client is about to become another decentralized application at Tron.

Can you imagine that? The network will grow by millions in a single day, just as soon as both networks become united.

If you haven’t tried out any of Tron’s apps, we encourage you to buy a few TRX tokens and give them a go. Some of them are quite simple, but they’re all quite entertaining. And it will give you an opportunity to chat with other people interested in blockchain technology and Tron as well.

Green numbers

As we write this, Tron’s TRX is the world’s eight cryptocurrency by market capitalization (according to conmarketcap.com), and it’s trading at USD 0.024136 and in green numbers. So the token is still quite cheap, but we seriously doubt it will remain that way for long.

Every active dApp in the network is a use case, and the more use cases a coin has, the better chances it has to become demanded and, hence, valuable.  The network is strong, it’s useful, and it’s growing at high speed. And so will the token’s value.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

More good news for Ripple, this time it’s from Malaysia

by

Ethereum vs. Ripple

The cryptocurrency market is an incredibly strange thing. A few days ago, a traffic analysis report found (and published) that Ethereum’s decentralized apps are basically abandoned by users and that most of them are empty.

Ripple, on the other hand, has been reporting great news for months. They have a really positive announcement to show to the cryptoverse at least once a week, and that’s on quiet weeks.

So what happened next? Ethereum’s price went up, it recovered the market’s second spot by market capitalization (which was Ripple’s for several weeks already) and Ripple’s XRP price went down. You see, this is the kind of thing that makes ordinary people be wary of the cryptoverse.

But it remains a close thing. We’re talking about 13.2 vs 12.3 billion USD in capitalization, so the difference is hardly meaningful (Bitcoin is almost at 64 Billion) so the table could turn with just a small fluctuation in either digital asset and that kind of thing is what happens almost every day in crypto.

An interesting question at this point would be: if news for Ethereum keep being negative (don’t forget that the network update had to be postponed also) and good for Ripple, will that keep giving Ethereum an advantage?

More good Ripple news

We will find that out soon enough because good news keeps coming Ripple’s way. This time, from Malaysia. And they’re not just good, they’re better than usual.

A few days ago, Malaysia’s CIMB bank launched a remittance service called SpeedSend. And it runs on Ripple’s technology. Transfers will be available to the USA, the UK, Australia, and Hong Kong and the service will be available in both CIMB Banks and CIMB Islamic Banks.

This is important for several reasons. The bank is announcing very explicitly that it’s the first bank in Malaysia to introduce Ripple’s technology as a commercial service. It’s in the ads for the service. That alone creates a lot more of awareness about the company, the project, and the technology.

Santander, for instance, already has a mobile app in Europe which allows for real-time money transfers that are powered by Ripple but the bank doesn’t make much of a sing and dance about it.

Besides awareness, there’s the fact that this is a commercial product deployed at the production stage. Ripple has more than 200 clients (banks, remittances) scattered all over the planet but most of them are using xCurrent or xRapid (Ripple’s platforms) at the testing stage, not on production, which mean they could still get cold feet. So for Ripple, this move is not just about getting attention, but credibility.

And last but not least: the bank is deploying the service in both its standard and Islamic branches. This can only be possible if authorities and specialists in Islamic financial services (yes, they do exist, they’re quite different, and they don’t operate by Western standards) have found Ripple to be an appropriate service for Islamic clients.

That opens the doors for Ripple in the whole of the Islamic world, and it’s not clear that most of the Islamic financial establishment will accept any other digital asset in the future.

Ripple’s future

So Ripple keeps moving forward and, at the same time, XRP’s value keeps receding slowly. But this is not something you should worry about. XRP is fundamentally sound, it was the world’s most profitable coin during 2017 (the year of all profitable coins) and chances are that fundamentals will end up being more important in fixing its market price, rather than sheer speculation.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Virginia PD Talks About Why its Public Pension Turned to Bitcoin (BTC)

by

One of the recent announcement by the two public pensions in Fairfax County, Virginia, showed that institutions are not only developing an interest in cryptocurrencies and blockchain but that they are already prepared to invest in this space. The two pensions in question include Police Officer’s Retirement System and Employee’s Retirement System.

Now, however, Fairfax County Retirement Systems decided to speak up about the decision, stating why they chose to give cryptocurrencies a chance and bet on Bitcoin.

The amount invested in blockchain and crypto is below 1%

According to the Fairfax County Retirement Systems Director, Jeff Weller, the retirement system invested $21 million into the fund. In his recent post, Weller points out that $10 million came from the employee’s retirement system, and $11 million came from the police officer’s pension.

Since these are two separate funds, it means that the employees’ fund only dumped 0.3% of the fund, while the percentage is only slightly bigger (0.8%) when it comes to the police officer’s fund.

Furthermore, the move is not as simple as just purchasing Bitcoin. The fund, started by Morgan Creek, will use this investment to invest in blockchain companies, many of which have already joined the program. This will also not be just any company, but those with real potentials, such as Bakkt, Coinbase, and alike.

While it is true that there is risk involved, this is the type of risk that accompanies any investment, and not just those related to crypto. However, Waller also mentions that the “Fairfax’s investment team determined that the expected returns from this investment were in line with the level of risk incurred.”

The fund will invest in crypto as well

While the majority of the fund (85%) will be dedicated to investing in blockchain opportunities, Morgan Creek argued that a portion should be invested in crypto directly. However, according to Weller’s post, only around 15% of the funds will be used for that purpose.

While the crypto market remains volatile and the prices are currently low due to the bear market, an investment at the right moment could bring excellent returns, which are still in the realm of possibility, even under these conditions.

Still, Morgan Creek has not made an official investment at this time, possibly because there is a chance that Bitcoin will drop one last time before the bear market loses its energy. If it happens, BTC might fall below $3,000.

For now, the Blockchain Opportunities Fund is the first of its kind, although it is possible that it will spark a new trend of institutions investing in crypto and blockchain through other, similar funds. Especially if the current bear market ends up being followed by a rally. The only potential issue is how the sales of large amounts of Bitcoin purchased by the funds will affect the token performance once the funds are ready to cash out?

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ethereum is back as the world’s second best cryptocurrency. We tell you why

by

Ethereum spent a very long time as the world’s second most important digital asset (it’s hard to beat Bitcoin) both because of market capitalization, and technological influence. Over the recent weeks, Ripple’s XRP took over that second spot. But the market felt a bit of a pump last week, and it pushed ETH back to the second place.

Recent market performance

The price has risen by about 1% over the last day (again), and it’s now trading at USD 123 and still in green numbers. As both BTC and XRP are trading in red numbers, that’s been enough for ETH to gain some momentum, even if BTC saw a 5% rise last week when the Litecoin network was upgraded.

It seems that Ethereum’s growth has to do by some major movements made by some of ETH’s larger holders, according to data by a cryptocurrency whale tracker. That’s even more remarkable as the rest of the market keeps moving sideways or going down.

It’s all about the whales

We’ve seen how USD 8.5 million worth of Ethereum’s tokens have been traded a couple of days ago only by some investors known as whales (which means they’re big). So they increased the coin’s daily volume.

This happens because the digital asset market is still dominated by retail and small investors, so changes that would be considered relatively small in other trades can make a huge difference in crypto.

The new capitalization is worth more than $12.6 billion, which is not that much more than Ripple‘s XRP ($12.5 billion) but still enough to change the rankings. Litecoin is at fourth with $2.6 billion, so it’s still nowhere near to compete for the second or third spot.

Ethereum now has a market capitalization of over $12.6 billion, slightly above Ripple’s XRP $12.5 billion market cap. Litecoin, which powered to fourth place in the list of largest cryptocurrencies last week, has a market cap of $2.6 billion.

So is the bear market over, at last?

“Crypto price movements over the last week have been encouraging, with litecoin experiencing an impressive price surge of around 40%, but it’s important to remember that we’re not out of the bear market just yet,” explained Mati Greenspan, who works at eToro (one of the world’s main crypto brokers) as senior market analyst.

“While some might argue the bears are weakening, bitcoin needs a strong breakout above the psychological level of $5,000 before the bulls can sharpen their horns in earnest.”

In something of an ironic development, ETH’s value went up soon after a report announced that Ethereum’s decentralized apps don’t have that many users anymore. 86% out of 1,300 active apps were completely unused last Saturday. And only 7% of all those apps managed to transact any tokens on the previous day.

The expectation is on the air to find out which digital asset will become the next Bitcoin and also for the next bull run. But having prices as high as they were in December 2017 will not be very useful if those rises happen without mass adoption for at least a handful of essential projects.

In the meantime, Ripple’s XRP is stuck at its current level, which is rather mysterious as well, because, unlike Ethereum, Ripple has been reporting good news for months.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

You can now spend TRX at more than 40 million locations as Tron joins SpendApp

by

Spend is an exceedingly interesting fintech platform which probably should be getting more attention from the fintech aficionados and industrials.

Fintech stands for “financial technology,” and it’s a relatively recent trend in communications, technology and financial services that aim to harness the power of the internet, mobile communications, and software to empower the considerable fraction of people in the planet that do not have access to traditional financial service but that still have a mobile phone or some kind of access to the internet.

What is Spend.com?

The company is trying to “create financial inclusion” for more than 2 billion people in the world who don’t have a bank account, and that can’t get one, for whatever reason. It describes its service as a bridge that connects those billions of people to financial services tools.

And it takes things further than most other fintech firms because it works in traditional legal tender (fiat currencies) as well as in cryptocurrencies.

The hope is to simplify banking into something painless, user-friendly, and available from the palm of your hand. The reason is to help customers to control their finances (and hence, their futures).

The content in the previous paragraph could sound very ambitious and idealistic, for sure. But Spend has developed a full digital banking structure that really makes you feel that all those good intentions are becoming a reality.

The platform includes several services available at spend.com, the company’s website, as well as a mobile application (SpendApp), and a debit Visa card that allows you to use the money (fiat or digital) stored in your accounts and use it as if it was money from your savings account that you can spend in every business that takes Visa.

While this is not the first firm to offer that kind of service to cryptocurrency holders, this kind of service remains very rare and localized, while Spend aims to be global.

Spend and the cryptoverse

But let’s focus on the mobile application for now. It does many neat tricks. It can hold several currencies, for starters, traditional or digital. Among the digital assets supported currently in the app you can find all the big boys such as Bitcoin, Ethereum, Litecoin, XRP, and more are being added (more on that later).

But maybe the most impressive thing is that it allows users to buy digital coins directly with their local, national currency just by linking their debit card to the app or web account. And this is really very unusual.

Most cryptocurrency exchanges in the world have nothing at all to do with debit cards, credit cards, or local fiat currencies because the trading pairs they offer are crypto-to-crypto (BTC/ETH, for instance) so you can’t really use them unless you own some crypto coins beforehand.

This discourages new users a great deal. Only a few exchanges actually allow you to buy crypto with fiat (Kraken, for instance) but the process can be intimidating for new users as it includes several identity verifications performed in several ways.

And all that introductory information is just so you can understand easily what’s the real news and why it’s so relevant for crypto at large, for Tron in particular, and maybe even for you as well.

Spend and Tron

Tron’s digital coin, called Tronix (TRX), which is the world’s eighth largest by market capitalization, and that can be particularly tricky to buy, is, as of now, available as a supported currency in SpendApp.

This means that if you install the app (assuming it’s compatible with your device, which is not a given, but you can do it via web too) now you can buy TRX just as soon as you install and configure it. And if additionally, you get one of Spend’s debit Visa Cards, you’ll also be able to use your TRX on the street as if it was real money kept in your real account.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.