Category: TRON

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Crypto News Filecoin ICON Market Analysis Trading TRON

Top 3 Coins to Watch Today: TRX, ICX, FIL – March 10 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Tron (TRX)

Tron TRX is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS. This project is best described as a decentralised platform focused on content sharing and entertainment and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards.

TRX Price Analysis

At the time of writing, TRX is ranked the 25th cryptocurrency globally and the current price is US$0.06141. Let’s take a look at the chart below for price analysis:

Source: TradingView

TRX accompanied the rest of the market during the January drop, falling nearly 45% from its mid-December high until it found a low early in February.

Price action formed a weekly support level near $0.06054, which has so far held up the price. The most recent swing low inside this range, near $0.05829, might be the target for any future stop runs. After this low, the swing low near $0.05689 and the gap beginning near $0.05355 mark possible higher-timeframe support.

The price is currently battling with significant higher-timeframe resistance levels, with the closest probable resistance resting near $0.06892, just over the previous monthly open. A sweep of the relatively equal highs above this resistance might find sellers near $0.07435 – but could reach as high as $0.08037.

2. ICON (ICX)

ICON is a decentralised blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer such as ICON. The ICON blockchain is powered by loopchain, a blockchain engine designed by ICONLOOP.

ICX Price Analysis

At the time of writing, ICX is ranked the 104th cryptocurrency globally and the current price is US$0.7918. Let’s take a look at the chart below for price analysis:

Source: TradingView

ICX‘s 250% growth during Q4 2021 has continued its grinding downward trend at a steady pace.

At the current price, near the local range’s high, $0.9105 could support a move toward new monthly highs. If the price dips, an area near the range low and 9, 18 and 40 EMAs could provide a better risk-to-reward entry for bulls.

A more significant bearish shift in the market could send the price down to a larger range’s lows near $0.7134 and possibly as far as $0.6807. This area saw a strong reaction during last week’s retracement.

Bulls will likely take some profits near the highs at $0.9273, but the price could continue well beyond the highs. The final target is impossible to predict, but extensions from early 2021’s significant move and the current range suggest that bulls might take more profits near $1.05 and $1.16.

3. Filecoin (FIL)

Filecoin FIL is a decentralised storage system that aims to “store humanity’s most important information”. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is an open protocol backed by a blockchain that records commitments made by the network’s participants, with transactions using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

FIL Price Analysis

At the time of writing, FIL is ranked the 39th cryptocurrency globally and the current price is US$18.94. Let’s take a look at the chart below for price analysis:

Source: TradingView

FIL has retraced nearly 70% since its December highs, with little higher-timeframe support below the current price.

After rejecting resistance at $23.41, the price is crossing below the March open. This area near the monthly open, between $21.46 and $20.97, might form a new resistance. 

A break through this level could reach near $22.88. A retest of possible higher-timeframe support near $17.43 could provide a bounce. However, if the price moves under $16.75 and retests it from below, higher timeframes show no remaining support below this region.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Crypto News Market Analysis Shiba Inu SushiSwap Trading TRON

Top 3 Coins to Watch Today: SHIB, TRX, SUSHI – February 17 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Shiba Inu (SHIB)

Shiba Inu SHIB coin was created anonymously in August 2020 under the pseudonym “Ryoshi”. The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin, paired with headlines and tweets from personalities including Elon Musk and Vitalik Buterin.

SHIB Price Analysis

At the time of writing, SHIB is ranked the 14th cryptocurrency globally and the current price is US$0.00003041. Let’s take a look at the chart below for price analysis:

Source: TradingView

SHIB performed well during February, reaching over 55% from the first week of the month into the resistance near $0.00003432.

For the past several days, the price has been moving in a falling wedge and appears to be flipping old support near $0.00002842 to resistance. If this level breaks – perhaps due to the tempting daily equal lows below – the next support begins near $0.00002729.

Bulls entering at these levels could set their first target near the previous resistance near $0.00003380. Beyond this level, probable targets include the new monthly highs near $0.00003524 and the resistance above near $0.00003692.

A break of this resistance later this month could continue to the new highs near $0.00003722 and $0.00003854.

2. Tron (TRX)

Tron TRX is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS. This project is best described as a decentralised platform focused on content sharing and entertainment and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards.

TRX Price Analysis

At the time of writing, TRX is ranked the 25th cryptocurrency globally and the current price is US$0.06582. Let’s take a look at the chart below for price analysis:

Source: TradingView

TRX accompanied the rest of the market during the January drop, falling nearly 43% from its mid-December high until it found a low early in February.

Price action formed a weekly support level near $0.05954, which has so far held up the price. The most recent swing low inside this range, near $0.05739, might be the target for any future stop runs. After this low, the swing low near $0.05629 and the gap beginning near $0.05155 mark possible higher-timeframe support.

The price is currently battling with significant higher-timeframe resistance levels, with the closest probable resistance resting near $0.06922, just over the previous monthly open. A sweep of the relatively equal highs above this resistance might find sellers near $0.07335 – but could reach as high as $0.07837.

3. SushiSwap (SUSHI)

SushiSwap SUSHI is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralised exchanges that use smart contracts to create markets for any given pair of tokens. SushiSwap aims to diversify the AMM market and also add features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

SUSHI Price Analysis

At the time of writing, SUSHI is ranked the 123rd cryptocurrency globally and the current price is US$4.26. Let’s take a look at the chart below for price analysis:

Source: TradingView

After retracing nearly 55% from its December high, SUSHI set a low near $4.10 as it formed its current range.

Last week, the price swept highs near $4.30, which now also marks the previous monthly high. Relatively equal daily highs near $4.39 provide a reasonable target, although resistance beginning near $4.47 could cap the move. A break of this resistance is likely to target the swing high near $4.66 into higher-timeframe resistance beginning near $4.93.

The current area near $4.17 could provide support, although bulls may be more likely to buy near the price fractal near $4.06 if a retracement reaches this level. A break of this area could continue down to sweep the low near $3.89 into possible support beginning near $3.82.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Crypto News Tokens TRON

Justin Sun Steps Down as CEO of Tron Foundation to Join Grenada Government

Tron founder Justin Sun has left his CEO position at the Tron Foundation to get involved in politics. To be more specific, he’s joining the Grenadian Government to serve as Ambassador.

Sun Still Involved with Tron Community

While Sun has left his position as CEO at Tron, he will remain involved with its community now that the Tron network has been officially decentralised.

On July 25, the Tron Foundation settled to dissolve itself, with the three super nodes associated with Sun having been retired from the network. This leaves the 27 Super Representatives (block producers) in charge of the network, which the community will have to choose by next year.

Now Sun is seeking to expand blockchain adoption by governments starting with Grenada, as he obviously thinks the Caribbean island nation is a good starting point.

The TRX currency didn’t react so well after the event, however. The token was down -2.72 percent on the news, and -25.93 in the last month, according to data from Messari. Despite the negative numbers, Sun believes the impact of the Tron community will be positive in the long run, boosting TRX to new heights.

This is not the first time Tron has been in hot water. Previously, Sun was caught shilling the TRX token, trying to get a popular YouTuber and influencer to promote the crypto on his social channels.

Crypto Community in Doubt

The crypto community had a mixed reaction to the news, with some wondering what will happen to the Tron network and others signalling it as “absurd”.

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Blockchain Crypto News Tokens TRON

BitTorrent Token Soars 80% On News of Mainnet Launch

Bitcoin penny stock BitTorrent has soared 80 percent ahead of its Mainnet Launch on December 12. News of the mainnet of BitTorrent Chain (BTTC), the world’s first heterogeneous cross-chain interoperability protocol, going live has sent the price up 35.56 percent in 24 hours.

Interoperability Goes Live Next Week

BitTorrent (BTT), the leading torrent software site, launched its BitTorrent token native currency on the TRON (TRX) blockchain in 2019 using its TRC-10 standard. The mid-cap altcoin, however, surged after the announcement of its impending mainnet launch.

BTT is a file-sharing protocol token built atop TRX that allows users to share files peer-to-peer by paying for access to faster download speeds, more storage resources, and more bandwidth.

BTTC comes in as the world’s first heterogeneous cross-chain interoperability protocol that adopts Proof-of-Stake (PoS) mechanisms and leverages sidechains for the scaling of smart contracts. The chain allows interoperability with the public chains of Ethereum, TRON and BSC, with more chains to be supported in the future.

According to the developer community of BitTorrent, the mainnet will launch with BTT redenomination implemented. Since the company took to Twitter to announce the official launch date of BTTC, BitTorrent Inc has been exploding:

When announcing the BTTC launch in early November, the project further explained what the chain’s new capabilities would be. According to the press release, BTTC will also be compatible with the Ethereum Virtual Machine:

“Furthermore, BTTC will support and be compatible with TRON, Ethereum, and Binance Smart Chain (BSC) upon its release, allowing users to transfer mainstream assets among TRON, Ethereum and BSC in a decentralised manner without any restrictions.”

While maintaining its current market cap, the old BTT token will be redenominated and swapped with the new BTT tokens at a ratio of 1:1000. The total supply of BTT tokens will be increased from 990,000,000,000 to 990,000,000,000,000. The new tokens after redenomination will be referred to as BTT, while the old ones will be renamed as BTTOLD.

The announcement of the specifics of the launch date triggered BTT to surge about 78 percent from a low of US$0.0023 to a high of US$00.41. Tron, the blockchain on which BTT is built, also saw positive price action in response to the announcement.

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Cardano Crypto News Market Analysis Trading TRON

Top 3 Coins to Watch Today: TRX, ADA, HARD – December 6 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Tron (TRX)

Tron TRX is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS. This project is best described as a decentralised platform focused on content sharing and entertainment and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards.

TRX Price Analysis

At the time of writing, TRX is ranked the 22nd cryptocurrency globally and the current price is US$0.08607. Let’s take a look at the chart below for price analysis:

Source: TradingView

TRX accompanied the rest of the market in the mid-Q3 drop, falling nearly 63% from its mid-September high until it found a low late in October.

Price action in late November formed a weekly support level near $0.08654, which has so far held up the price. The most recent swing low inside this range, near $0.08439, might be the target for any future stop runs. After this low, the swing low near $0.08229 and the gap beginning near $0.07945 mark possible higher-timeframe support.

The price is currently battling with significant higher-timeframe resistance levels, with the closest probable resistance resting near $0.09422, just over the monthly open. A sweep of the relatively equal highs above this resistance might find sellers near $0.09755 – but could reach as high as $0.1083.

2. Cardano (ADA)

Cardano ADA is a proof-of-stake blockchain platform whose stated goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals”, helping to create a society that is more secure, transparent, and fair. Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.

ADA Price Analysis

At the time of writing, ADA is ranked the 6th cryptocurrency globally and the current price is US$1.35. Let’s take a look at the chart below for price analysis:

Source: TradingView

ADA‘s nearly 86% drop from its August highs found a low near $1.30 in late November before closing over a short-term high.

This daily close over the high could signal a shift in market structure that might reach probable resistance near $1.45. A sustained bullish move may target the swing high at $1.58. If this stop run occurs, a run beyond the high into probable resistance near $1.64 and $1.70 is possible.

Bulls could buy a retracement to possible support near $1.30, just above the monthly open. A bearish turn in the marketplace may propel the price toward possible support near $1.24. 

However, relatively equal lows near $1.20 and $1.17 provide an attractive target for bears if the market resumes its bearish trend. A run on these lows might find support between $1.12 and $1.05.

3. Kava Lend (HARD)

Kava Lend HARD is a decentralised money market built on Kava, enabling the lending and borrowing of cross-chain assets. Kava Lend supports supply-side deposits for BTC, XRP, BNB, BUSD, and USDX. The platform will allow overcollateralised borrowing for supported assets. All HARD tokens distributed as rewards are locked by a smart contract. Users who claim HARD tokens with longer vesting schedules will receive more tokens. The exact options for token redemptions are subject to governance voting.

HARD Price Analysis

At the time of writing, HARD is ranked the 495th cryptocurrency globally and the current price is US$0.9164. Let’s take a look at the chart below for price analysis:

Source: TradingView

HARD‘s 55% drop from August to October might have found a range low near $0.7933. The recent break and continuation through the short-term highs near $0.9044 and $0.9821 suggest some bullish strength.

Bulls are likely to take some profits near the high end of the current range. The areas near $1.10 and $1.18 offer some confluence for resistance. The swing high near $1.23 might be the current target, followed by possible continuation up to $1.26 and into resistance near $1.30.

Aggressive bulls might bid near the last high and daily gap around $0.9244. However, a drop to possible support around $0.8465 is reasonable. A market-wide retracement could send the price down to sweep relatively equal lows near $0.8033. If this stop run occurs, the price could find support between $0.7543 and $0.7122.

Learn How to Trade Live!

Join Dave and The Crypto Den Crew and they’ll show you live on a webinar how to take your crypto trading to the next level.

Duration: 6-week course
From: November 15 to December 22
Date/Time: Twice a week, Mon and Wed at 7pm AEST
Location: Zoom webinar

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Cardano Crypto Wallets eToro Regulation Tokens TRON

Regulatory Concerns for Cardano as eToro Delists ADA for US Traders

US investment platform eToro has this week delisted Cardano and Tron from its trading pairs, citing regulatory issues. According to an official announcement from eToro, US users will no longer be able to open new positions or receive staking rewards for Cardano (ADA) and Tron (TRX) due to regulatory issues.

Regulatory Uncertainty Affects Exchanges

The investment platform only cited “business-related considerations in the evolving regulatory environment” as the reason for delisting the digital assets. The new update will take effect on December 26 and staking for the assets will end on December 31.

In recent months, regulators in the US and UK have placed more focus on exchanges as part of regulating the crypto sector. However, at the same time, eToro Australia has introduced crypto staking and 15 new digital assets.

Due to the lack of regulatory clarity, exchanges have different limiting factors for their own policies, so if a currency – ADA, for example – doesn’t meet some or other requirements, an exchange can delist it if it sees fit. In the current state of crypto, one can see liquidity come and go based on various countries and their rules regarding the asset class, and since crypto is a global product but regulations vary between countries, complications can arise.

What Will Happen to Assets on eToro?

According to eToro’s post, positions can be closed at any time – meaning users can still sell their ADA and TRX on eToro and receive USD, adding that it has no plans to force selling. Users will still be able to securely hold existing positions of Cardano and Tron. While staking rewards will no longer be offered to US users for either asset, the final reward payout will go to users on January 15, 2022.

We are only limiting users from opening new positions. We are not forcing users to sell any existing positions.

eToro announcement

eToro plans to roll out its Money crypto wallet in 2022, compatible with the assets so that users can move their holdings there if they don’t wish to sell now. The limiting of sales won’t happen for at least 30 days after offering support for redeeming ADA and TRX to the wallet, which will continue to support the assets even after US users can no longer sell their holdings for USD.

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Crypto News Dent ICON Market Analysis Trading TRON

Top 3 Coins To Watch Today: DENT, TRX, ICX – September 10 Trading Analysis

Let’s take a closer look at today’s altcoins showing breakout signals. We’ll explain what the coin is, then dive into the trading charts and provide some analysis to help you decide.

1. Dent (DENT)

Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups, and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalisation. Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than 25 million mobile device users, and Dent services are available in more than 140 countries.

DENT Price Analysis

At the time of writing, DENT is ranked the 126th cryptocurrency globally and the current price is A$0.005217. Let’s take a look at the chart below for price analysis:

Source: TradingView

After dropping nearly 60% in less than two weeks, DENT found a low just above the monthly gap near A$0.005187. Since then, the price has been consolidating in a range between A$0.004833 and A$0.005439.

The weekly level near A$0.005121 may continue to provide support during a run on the local swing lows. The monthly gap beginning near A$0.004975 will likely give the next higher-timeframe support if this level fails.

The price is currently chewing into potentially strong resistance near A$0.005297. A sweep of the relatively equal highs near A$0.005428, and a daily close above this level, could signal a move to the next set of relatively equal highs near A$0.005736. 

Just above these highs, probable resistance rests near A$0.006143, which may cap the price until the market moves out of consolidation. However, any significant bullish shift in market conditions during the next few weeks could help bulls reach the swing high near A$0.006482, running stops into probable resistance near A$0.006733.

2. Tron (TRX)

Tron TRX is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS. This project is best described as a decentralised platform focused on content sharing and entertainment and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards.

TRX Price Analysis

At the time of writing, TRX is ranked the 28th cryptocurrency globally and the current price is A$0.09369. Let’s take a look at the chart below for price analysis:

Source: TradingView

TRX accompanied the rest of the market in the mid-Q2 drop, falling nearly 73% from its mid-May high until it found a low late in June.

Price action in late June formed a weekly support level near A$0.08654, which has so far held up the price. The most recent swing low inside this range, near A$0.08439, might be the target for any future stop runs. After this low, the swing low near A$0.08229 and the gap beginning near A$0.07955 mark possible higher-timeframe support.

The price is currently battling with significant higher-timeframe resistance levels, with the closest probable resistance resting near A$0.09422, just over the July monthly open. A sweep of the relatively equal highs above this resistance might find sellers near A$0.09735 – but could reach as high as A$0.1087.

3. Icon (ICX)

Icon ICX is a decentralised blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON. The ICON Network is powered by a proprietary blockchain engine called ‘loopchain’, which has the ability to handle hundreds of transactions per second. 

ICX Price Analysis

At the time of writing, ICX is ranked the 94th cryptocurrency globally and the current price is A$1.62. Let’s take a look at the chart below for price analysis:

Source: TradingView

ICX has been trading through a massive range since June, with the price showing mild bullishness during August.

The breaks of the swing highs at A$1.60 and A$1.65 led to support forming near A$1.57. Some bulls will likely wait for a more favourable entry on a potential stop run that could reach near A$1.53. 

If the support near A$1.59 continues to hold, the recent swing high at A$1.68 is the likely next short-term target. This potential bullish swing might end with a run on short stops up to A$1.73 and A$1.75. 

Higher-timeframe resistance between A$1.77 and A$1.79 may cap any move upwards until the overall market becomes more bullish. However, any significant bearish move in bitcoin will likely push the price down toward the low and possible support near A$1.56.

Where to Buy or Trade Altcoins?

These coins have high liquidity on Binance Exchange, so that could help with trading on AUD/USDT/BTC pairs. And if you’re looking at buying and HODLing cryptos, then Swyftx Exchange is an easy-to-use popular choice in Australia.

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Crypto News Ethereum Scams Tether TRON

14 Arrests Made Following $5 Million Crypto Investment Scam

An old-fashioned honey trap has led to more than 100 victims becoming ensnared in a crypto investment scam that relieved them of almost US$5.5 million over the past 12 months.

Taiwan’s Criminal Investigation Bureau (CIB) arrested 14 suspects on charges of fraud, money laundering and breaches of the country’s Organised Crime Prevention Act, the Tapei Times reported on September 6.

Kuo Yu-chih, the CIB investigator in charge of the case, has revealed that the scheme focused on Ethereum, Tronix and Tether. The ringleader, known only as Chen, fronted the Taipei-based Azure Crypto Company, which offered cryptocurrency and other investment services.

Meet Attractive Ladies Online and Kiss Off Your Crypto

Chen promoted crypto investments on social media, promising high returns. His modus operandi was to lure unsuspecting victims to websites where they were persuaded to invest via interactions with attractive women. Investigator Kuo Yu-chih summarised Chen’s MO:

Chen and his staff allegedly used photographs of pretty women to attract mainly male victims, many of whom were in retirement with substantial savings.

Kuo Yu-chih, chief investigator, Taipei CIB

Chen and his staff claimed to be financial advisers specialising in cryptocurrency mining. The CIB seized ledgers containing the details of more than 100 people who invested in the scheme.

The amount of US$5.41 million lost in Taiwan’s crypto honey trap is small beer compared to the US$119 million rip-off of investors in a Turkish Dogecoin mining scam, as reported by Crypto News Australia last month, but it serves as yet another reminder to be on guard. In 2020 alone, Australians lost A$26 million to scammers, and incidences of online shysterism are only multiplying as the worldwide take-up of crypto investment continues apace.

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Crypto News Payments TRON

TRON Partners with Shopping.io to Integrate TRX into E-Commerce

TRON (TRX) holders can now spend their cryptocurrency on items from major e-commerce companies like Amazon. This follows a recent collaboration between the TRON network and Shopping.io, a crypto-friendly e-commerce onboarding and fulfilment service. 

TRON Users Can Now Shop With TRX

Shopping.io is more like a shop aggregator that allows customers to shop everyday items from different e-commerce companies. Per the announcement, the company said TRX holders can now spend their cryptocurrency on items from Amazon, eBay, Walmart and Etsy.

They will also receive up to a 2 percent discount at checkout when they spend TRX on purchases for two weeks. The development adds value to the TRON ecosystem as investors can use their coins to pay for real-world items. 

We are thrilled to be partnering with Shopping.io to allow our community to use $TRX on major e-commerce websites like Amazon, eBay and Etsy. Shopping.io provides users with real-world applications for their portfolio.

Justin Sun, founder of TRON

Tron Launches USDC Stablecoin

TRON is one of the leading blockchains today, and it’s the host network to several cryptocurrencies, which recently included the second-largest US dollar stablecoin, USD Coin (USDC). The stablecoin went live on TRON early in July and is now supported in about five different blockchain networks. 

At the time of writing, about 103 million USDC were issued on the TRON network, all of which are currently in circulation with up to 307,030 holders. TRON is also the second-largest host blockchain for the largest stablecoin, Tether (USDT). Over 31.9 billion USDT have been released on the blockchain, while Ethereum sees around 33.8 billion USDT.

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Blockchain Crypto News Market Analysis Tether TRON

$1 Billion Transaction on Tron Blockchain Sparks Interest

In the early hours of August 6, a super large transaction of US$1 billion worth of USDT stablecoin was transferred from an exchange to an unknown wallet on the Tron blockchain.

US$1 billion Tron blockchain transaction

USDT Runs on Eight Blockchains

Tether (USDT) is a popular stablecoin whose value is pegged to the US dollar. USDT is a ERC-20 token that currently runs on eight blockchains including Algorand, BCH, EOS, Ethereum, Liquid Network, Omni, Tron and Solana.

The interoperability of stablecoins to transfer between multiple global networks shows the true power of blockchain technology.

Sam Deering, CEO, Crypto News Australia

Other Recent Whale Transactions

There have been quite a few recent whale transactions including a US$430 million Bitcoin transaction for a fee of $82, although a $0.80 fee would have been enough. This was a $430 million instant settlement with no middleman or banks involved.

In February this year we saw a similar transaction as US$1 billion worth of BTC was moved from an exchange into cold storage.