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Justin Sun Meets Premier of Global Blockchain Bermuda Hub, While Tron Partners with BitGo

  • Yuri Molchan
    📰 News

    Tron partners with BitGo to integrate TRX in its online wallet and custody programs, while Justin Sun goes to Bermuda to discuss blockchain adoption with the premier

Justin Sun Meets Premier of Global Blockchain Bermuda Hub, While Tron Partners with BitGo
Cover image via www.123rf.com
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The Tron team has revealed a new Tron partner – the BitGo wallet. The latter intends to roll out TRX on its online wallet and custody solutions. The feature is going to launch next month.

BitGo is about to add TRX to expand its exposure

Now custody options for TRX are going to be exposed to multiple partners of BitGo, brokers and platforms dealing with crypto futures.

The Tron team says that BitGo decided on adding TRX after seeing an increase in demand for this asset among its multiple users.

The CEO of Tron, Justin Sun, commented on the new partnership:

“We are excited to be supported by BitGo, which will enable TRON to further delve into various DeFi applications and we welcome them as a partner.”

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Justin Sun meets Bermuda’s premier

Meanwhile, Justin Sun has taken to his Twitter page to announce that he had paid a visit to the islands of Bermuda and met the head of its government David Burt. Sun wrote in the post that they discussed the blockchain topic.

Bermuda has been recently chasing an ambitious plan to turn the country into the world's number one blockchain hub, offering attractive legal conditions and taxation terms to DLT companies from around the globe.

 

Do you think that the new partnership with BitGo will help the TRX price surge? Feel free to leave your comments below!

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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's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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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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