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Tron Signs MoU with Leading DLT and Gaming Groups in South Korea

  • Yuri Molchan
    ๐Ÿ“ฐ News

    Tron intends to enter the gaming market of South Korea, so it strikes a partnership with two major Korean associations to do with blockchain and computer games


Tron Signs MoU with Leading DLT and Gaming Groups in South Korea
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Contents

Tronโ€™s chief of business development Roy Liu has had a meeting with several DLT companies of South Korea as well as with top managers of firms working in the computer gaming industry โ€“ the Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA). Upon the results of the meeting, memorandums of understanding (MoU) were signed with both.

Collaboration with local business authorities

Major Korean editions report KBCCA reps stating that they are interested in Tron making investments in small and medium-scale companies in South Korea, which work with blockchain or games.


Now that Tron has created MoUs with the two major companies in these two markets, they will start looking for potential corporate customers for Tron.

Apart from that, the Tron Foundation has already had meetings regarding investments with several local DLT and gaming firms.

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Previous attempts to win this market in Korea

Apart from Tron, other foreign blockchain companies have tried to get into the promising blockchain and gaming markets in the country.

In 2018, Enjin also reported that it had created a contract with the same associations โ€“ KBCCA and KMGA.

Games in South Korea

Regarding sales, the industry of games in South Korea is considered to be the fourth largest in the world, as per Euromonitor International. In 2017, local consumers spent nearly $2.5 bln on games. The statistics for 2018 have not been published yet.

Tron takes to charity

The Tron Foundation has also begun working with charities. It now uses its open ledger technology to track donations made to support patients with a particular illness โ€“ amyotrophic lateral sclerosis (ALS).

First BTT airdrop completed

Earlier this Tuesday, U.Today reported about the successful completion of the BTT airdrop by the Tron Foundation and BitTorrent. Monthly BTT airdrops will continue to happen until 2025, increasing the amount of BTT each February.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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Itโ€™s been over two weeks since Bitcoinโ€™s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that โ€˜a single committed traderโ€™ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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