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Tron CEO to Announce Partnership with ‘Hundred Billion USD Megacorporation’ Next Week

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  • Yuri Molchan
    📰 News

    As China announces a warm welcome to blockchain companies, Justin Sun promises to announce a mega important partnership for Tron, some believe it is Samsung

Tron CEO to Announce Partnership with ‘Hundred Billion USD Megacorporation’ Next Week
Cover image via www.forbes.com
Contents

The Tron CEO Justin Sun stays loyal to himself and makes another announcement of an announcement. However, recently he changed his SMM tactics, offering his Twitter followers to take a guess at what company the new partnership will be this time.

In his recent tweet, Justin Sun promises that next week Tron will strike a partnership with a ‘hundred billion USD megacorporation’.

Community hopes Sun aims at Samsung

Earlier, U.Today reported that Justin Sun promised a highly important Tron partnership to be announced at the end of October when replying to a question of a fan. Back then, many assumed the new partner would be the South Korean electronics giant Samsung.

Now, some of Tron supporters and investors, including the CCO of BeatzCoin, Misha Lederman, believe the ‘hundred billion USD megacorporation’ is Samsung.

Some disagree, though.

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China’s blockchain embracement should be good for Tron and Binance

On Thursday, October 25, the head of the Chinese Communist Party, Xi Jinping, announced that China must take advantage of all the opportunities that the blockchain technology can provide.

Many took it as excellent news for all Chinese DLT companies – NEO, Tron, VChain – including the Binance exchange that moved from Hong Kong to Malta, as far as way as it could from the blockchain-welcoming but crypto-hating China.

Now, Binance’s CZ hopes the situation will change and perhaps believes that Binance will be in for some benefits from the Chinese government.

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Tron market stance

At press time, TRX is exchanging hands at $0.0168, having surged by almost 10 percent overnight, following the unexpected BTC price rise by over 30 percent. However, after the surge, the Bitcoin rate began to diminish.

Tron and Bitcoin price surge
Image via CoinMarketCap

 

What is your idea of the Tron’s new partner to be announced next week? Feel free to give us your best guess in the comments section 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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Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies

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  • Alex Dovbnya
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    Holding Bitcoin as a collateral is the next big use case for the top cryptocurrency

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies
Cover image via 123rf.com
Contents

According to cryptocurrency influencer Chris Burniske, both Bitcoin and Ethereum already represent formidable collateral economies.

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Moving beyond a medium of exchange

In his earlier tweet, Burniske also predicts that holding Bitcoin as a collateral could eclipse its medium of exchange (MoE) use case.  

He even goes as far as claiming that Bitcoin could morph into an off-chain collateral for the world. 

Burniske states that Ethereum has already created a burgeoning collateral economy around it. Apart from extending its utility beyond a pure MoE, this could also drastically decrease the coin's volatility because of all DeFi use cases.   

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Ethereum (ETH) Price Undergoes Bullish Consolidation, Says Prominent Crypto Trader

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The next big thing in crypto

As reported by U.Today, Genesis Capital, a subsidiary of Digital Currency Group (DCG) that rules the roost in the cryptocurrency lending sector, had a record-breaking third quarter with a whopping $870 mln in new originations. 

In Q3, Bitcoin remained the best collateral for crypto with fiat money and altcoins breathing down its neck. The share of USD loans increased by 25 percent quarter-over-quarter.

However, a group of Wall Street traders made a dire warning about crypto lending, claiming that the breakneck speed of its growth could result in another crypto bubble. 

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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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