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Justin Sun Boasts New Tron Acquisition, Community Is Left Guessing

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  • Yuri Molchan
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    The Tron CEO Justin Sun spreads the word about a new acquisition his company has made while reporting the recent achievements made by Tron

Justin Sun spreads the word about a recent Tron’s acquisition
Cover image via www.youtube.com
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The most famous acquisition Tron has made so far was BitTorrent back in the summer 2018. Since then, the two companies have launched BTT token, BLive, BTFS.

Now, Justin Sun teases the community with another acquisition that Tron has just made and promises more details later.

“New acquisition in Tron ecosystem is done”

The news was reported on Sun’s official Twitter page.

Sun has made numerous partnerships with crypto exchanges to list TRX, got many popular computer game devs move to Tron from Ethereum and EOS and been working on improving the Tron ecosystem in general.

This time, the community took the announcement somewhat skeptically – Justin Sun is well known for making ‘announcements of announcements’. Still, despite that, some recent Tron’s milestones have been big and taken warmly. Among them is the partnership with the South Korean giant Samsung and the recent integration of Tron with McAfee’s dex.

Tron’s recent milestones

In a separate tweet, Justin Sun shared the most recent Tron’s achievements and plans. Among them is the approaching niTROn 2020 event (with a special guest that Sun also promised recently without disclosing the name), and Tron’s listing on Poloniex.

It has also been reported that Justin Sun is one of the major investors that have been working with the crypto exchange recently.

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Bank of America ‘fires’ Justin Sun

On Monday, Justin Sun admitted that his account in the Bank of America that he had had for eight years, is about to be closed. This news came after the former PayPal executive, one of the most influential venture capitalists in Silicon Valley, Roelof Botha, tweeted the same – his account in the BoA was axed for no particular reason.

The community assumed that he had bought some Bitcoin using his BoA account and the bank was not happy about it.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital

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  • Alex Dovbnya
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    Bitcoin could hit a new all-time high with network fees exceeding $100 in 2020, according to Blockchain Capital

Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital
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Blockchain Capital's Spencer Bogart has recently published a list of 2020 predictions for cryptocurrency predictions. The most remarkable one concerns Bitcoin fees that are expected to surpass $100 next year due to the growing demand for transactions.

Back in December 2017, during the heyday of crypto, the average Bitcoin transaction fee increased to $55. As of Dec. 12, 2018, it is just at $0.52, BitInfoCharts data shows.    

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Bitcoin blast past a new all-time high 

According to Blockchain Capital, Bitcoin is set to experience another price rally in 2020 that could push its price above the current all-time high of $20,000. However, it is very unlikely to touch reach $1 mln (sorry, John McAfee).  

The crypto community expects the BTC price to skyrocket because of the upcoming halvening after the enormous returns of the previous two events. This time around, the reward for each mined coins will be decreased to just 6.25 coins. 

As reported by U.Today, the famous stock-to-flow model, which measures the coin's value by determining its scarcity, would be invalidated if Bitcoin didn't surge past the $100,000 mark before December 2021. 

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Privacy coins get delisted 

In the meantime, Blockchain Capital suggests that 2020 is going to be a tough year for stablecoins. Major exchanges could be forced to delist the likes of Monero (XMR), Zcash (ZEC), and other anonymous cryptocurrencies due to growing regulatory pressure. 

The writing is already on the wall. ZEC, which recently reached a new all-time low, was delisted from Coinbase UK back in August. In October, OKEx Korea moved to delist all major privacy coins but later decided to review its decision.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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