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Tron (TRX) Shuts Down Its ERC20 Wallet Consulting Service, Binance Can Be of Help Once Again

  • Yuri Molchan
    📰 News

    Tron takes down the website that allowed everyone to convert their ERC20 Tron coins into Tron mainnet-supported ones


Tron (TRX) Shuts Down Its ERC20 Wallet Consulting Service, Binance Can Be of Help Once Again
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Since its mainnet launch, ERC20 has been giving TRX holders a chance to swap their ERC20 Tron tokens into the new, mainnet-based ones via a special service. Now this shop is closed.

From July 2018 until January 31, 2019

The Tron mainnet was released on July 25 last year. An overall token migration was announced through participating exchanges, where Tron holders could exchange their Ethereum-based ERC20 TRX coins to new ones powered by the Tron mainnet.


After that, the same thing could be done by means of a special service meant to help Tron community members not lose their old Tron tokens. The withdrawal service was running since July 13, but not all Tron users took part in the token migration back then. The service was meant to work until January 1, 2019.

However, the Tron team decided to prolong the period for another month, just in case, until January 31. Now the time is up, and the withdrawal service is no longer functioning.

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Last chance for ERC20-based TRX holders

Those who still have not had a chance to convert their old TRX coins into the new ones, powered by the Tron mainnet, can still do it via several exchanges that support Tron token migration on a permanent basis. Those exchanges are Binance, Gate.io and Max Exchange.

Tron’s achievements in 2019

The TRX Colony account on Twitter says that since 2019 has arrived, Tron can boast the following milestones.

  1. It has moved from position #10 to #9, surpassing first Bitcoin Cash SV and then Stellar Lumens.

  2. Tron’s market capitalization value has increased by $500 mln.

  3. The number of Tron accounts has risen by 532 mln.

  4. The price of TRX has gone up by around 37 percent in US dollars.

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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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It’s been over two weeks since Bitcoin’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 ‘a single committed trader’ 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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