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TRON News - Tron Helps Alibaba Build Crypto Exchange Despite Chinese Crypto Ban

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Tron assists the trading giant to bring crypto to Alibaba’s vast user-base
Tron Helps Alibaba Build Crypto Exchange Despite Chinese Crypto Ban
Contents

The two Chinese giants are reportedly working on creating a large-scale crypto exchange. Tron sees it as a great opportunity to contribute to the adoption of crypto via the large ecosystem that Alibaba has created over the years.

Burning midnight oil

The working groups of both companies are exchanging info, preparing the basis together and study the methods of work that can be taken from the primary players of this field like Binance, Bitfinex, Coinbase, etc. Alibaba reps confirm that a lot of discussing has been made so far as to planning the exchange infrastructure.

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Chinese crypto ban? Never heard of that!

Alibaba is well aware of the current situation in China regarding electronic currencies. The giant is reportedly collaborating with the authorities in order to get the permission to run the exchange and not to violate the current regulatory measures.

The Alibaba team, as rumours have it, believe that the current prohibition of ICOs and crypto is just a smoke screen. Unofficially, which cannot be confirmed by any public sources, China has made a heavy investment in crypto and mining technologies. Most probably, Alibaba would not even think of starting this new project unless they were positive about getting all the necessary approvals from Chinese regulators.

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TRON News - BitMart Exchange Teams Up with Paxful to Give Its Customers More Benefits

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Crypto trading firm BitMart spreads word about its new partnership with P2P exchange Paxful, both firms intend to gain more scalability and liquidity
BitMart Exchange Teams Up with Paxful to Give Its Customers More Benefits
Contents

BitMart has publicized its integration of Paxful’s Bitcoin trading service. This will enable clients of BitMart to get more payment features. Also, customers of Paxful will be able to use BitMart and trade its almost 200 crypto pairs.

Benefits of this collaboration

The reps of the firms state that this cooperation will allow improving customer experience by giving users more trading opportunities.

BitMart founder and CEO Sheldon Xia has mentioned that partnering with Paxful will enable the exchange to attract new customers who previously had no access to crypto trading.

BitMart started off two years ago. This crypto exchange is located in the Cayman Islands, but it operates branches in the US, South Korea, etc. The platform officially has nearly 700,000 clients, and its trading volume exceeds $70 mln per day.

The CEO also added that working on one team with Paxful will let users have a better choice of payment options – gift cards, bank transfers, etc.

About Paxful

Paxful is a decentralized marketplace where one trader can buy BTC directly from another. Users there add their adverts about selling BTC and mention the way they wish to be paid.

As soon as the buyer conducts a payment, he or she receives their Bitcoin from escrow directly into their Paxful storage space. Those who purchase pay no fees to the platform. It takes 1 percent of each deal from sellers.

The company reports it has one million active users from around the world on a daily basis.

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TRON News - Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

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Coinbase claims that this addition is an important step towards creating the leading cryptocurrency wallet on the market
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP
Contents

Coinbase Wallet now allows its users to directly store Litecoin (LTC) in the app. Thus, the fifth biggest asset by market capitalization joins Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ethereum Classic (ETH) on the list of supported cryptocurrencies.
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

The rollout is coming in a few weeks

The blog post states that Coinbase Wallet users will be able to download an update with Litecoin support in a few weeks on the App Store or Google Play Store respectively. Litecoin support will be available from the get-go once the app is updated. You will simply have to choose the ‘Receive’ option on the main wallet page in order to deposit LTC to your wallet.

Coinbase keeps snubbing XRP

The announcement was flooded with tweets from users asking Coinbase to add XRP. Everyone’s favorite remittance and settlement token is nowhere to be found on the roster of supported digital coins.

However, XRP was added to Coinbase Custody in November 2018, so one shouldn’t exclude the possibility that the crypto behemoth will eventually fully embrace this asset.  

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TRON News - Epic Games CEO Shows Support for EOS on Twitter

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Tim Sweeney fails to realize why everyone is freaking out about the rapidly growing size of the EOS Blockchain
Epic Games CEO Shows Support for EOS on Twitter
Contents

Epic Games CEO Tim Sweeney has recently defended EOS on Twitter. The fact that Sweeney, the man behind such hit games as Fortnite and Bulletstorm, is interested in the fourth biggest currency by market capitalization is undeniably good news for adoption.

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4 TB, 50 TB, 100 TB…

The EOS Blockchain is constantly growing bigger, and that seems concerning to many of its users. Bitcoin has a chain size of 200 GB while being around for more than a decade. Ethereum Blockchain, which was launched three and a half years ago, is at 140 GB. Meanwhile, there is a world of difference when it comes to EOS — its Blockchain has grown to 4 TB in only eight months due to its very fast speed. If EOS-based dApps see mainstream adoption, the chain will grow exponentially. That will create many challenges that pertain to storage solutions.

Not a serious issue

However, Sweeney believes that these concerns are unreasonable. In his latest tweet, he defended the EOS network by claiming that it’s completely normal for a global transaction ledger to require that amount of data. Shelling out $300 for an 8 TB hard drive every 16 months or so wouldn’t be a problem.

Back in January, there were numerous rumors that Epic Games had teamed up with Monero (XMR).  Sweeney swiftly denied the partnership, claiming that Fortnite's foray into crypto was ‘accidental.’

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TRON News - Should Warren Buffett Invest in Bitcoin (BTC)? Anthony Pompliano Definitely Thinks So

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There is a ‘snowball in hell’ possibility that Warren Buffett, an ardent Bitcoin hater, will actually invest in Bitcoin
Should Warren Buffett Invest in Bitcoin (BTC)? Anthony Pompliano Definitely Thinks So

It’s been more than three years since Warren Buffett’s last big acquisition (which he likes to call ‘elephants’). As the 89-year-old billionaire is mulling over his next big buy, crypto evangelist Anthony Pompliano suggests that he could purchase Bitcoin (BTC).

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Warren Buffett's Berkshire Hathaway has a whopping $116 bln to spend, but he simply cannot find the company that would fit the set of his criteria. While Buffett is on the hunt for his next big target, Pompliano claims that Bitcoin would be his best bet. The number one cryptocurrency, according to Pompliano, will be able to generate more profit than all of Buffett’s investments for the next decade.

Wishful thinking

Pompliano’s comment was most definitely sarcastic given that the Oracle of Omaha is a well-known Bitcoin hater. Back in May, after the crypto bubble popped, Buffett called Bitcoin ‘rat poison squared.’ He also claimed that BTC is an asset that ‘doesn’t produce anything.’ Buffett’s vitriolic comments didn’t go unnoticed — as reported by U.Today, Genesis Mining trolled the billionaire with pro-Bitcoin billboards outside of his office.

Wishful thinking

Pantera Capital’s Dan Morehead also wasn’t a fan of the ‘rat poison’ remark, calling banks and credit card companies the rats.

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TRON News - University of Michigan Eyes Continuing to Invest in Andreessen Horowitz’s Digital Asset Fund

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The University of Michigan, with its spare finances of around $12 bln, may keep its collaboration with the A16z crypto investment firm
University of Michigan Eyes Continuing to Invest in Andreessen Horowitz’s Digital Asset Fund
Contents

The university began investing into the A16z fund set up by the Andreessen Horowitz company last summer when it transferred $300 mln into its management. At the moment, the university is considering a change to invest some more. The amount of funds assigned for this purpose has not been disclosed.

Crypto fund for institutional investors

In summer last year, the top financial company Andreessen Horowitz set up a branch to invest in technologies based on crypto assets. Other media outlets reported that Yale University also took part.

Chris Dixon from Andreessen Horowitz mentioned back then that the company intends to invest into the crypto industry on a regular basis, even if the market situation worsens. He even insisted that no crypto winter will stop them from doing it.

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Pension funds and universities are going for virtual coins

In autumn last year, the University of Michigan’s spare capital reached the amount of $12 mln. The employee in charge of investments, Erik Lundberg, back then said that this money can be used to increase the present endowment in real terms.

Pension funds and endowment funds are now actively investing in the DLT and crypto spheres. A week ago, reports emerged in the media that several pension funds provided investments for the crypto fund set up by the Morgan Creek Capital venture company – adding up to a total of $40 mln.

The fund opened by Morgan Creek accepts money for investing from hospitals, insurance firms and universities.

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