On March 5, Tether, announced a partnership with the Tron foundation to launch a trc-20 compliant USDT on the Tron blockchain in the second quarter of this year.submitted by VenaNetwork to u/VenaNetwork [link] [comments]
Cointelegraph believes that TRON has positioned itself as a competitor of Ethereum. Combining decentralized finance with the broader Internet ecosystem. The TRON indicates that the addition of Tether will enhance its existing Dapp ecosystem, enhance dex mobility and improve overall value.
Recently, the TRON ecology has released a new upgrade. On March 1st, Justin Sun said that the TRON officially released Odyssey-v3.5 and realized protocols such as TIP12, TIP16 and TIP17. Next, the TRON community containing SR nodes, exchange nodes, and API nodes will be upgraded to version 3.5, called the qinghai consensus upgrade.
Last year, through the wholly-owned acquisition of BitTorrent, the TRON ecological expansion took an important step. In the beginning of 2019, the BTT token based on the TRON protocol was launched. BTT opened the crowdfunding for 15 minutes and the 59.4 billion BTT dumped on the Binance Launchpad platform.
Stable coinsOn the Tether side, according to Cryptocompare data, Tether currently ranks 7th in market capitalization and still holds a large share of the stable coin market. However, since last year, more and more stable coins have been pouring into the market and competition is fierce.
A paper published by John Griffin, a professor of finance at the University of Texas. and Amin Shams, a graduate student, said that the price of Bitcoin and other mainstream cryptocurrencies rose in 2017. Largely by several players such as Tether and Bitfinex. Behind the price manipulation, Tether has a crisis of confidence and the USDT has slumpped.
Then, Firecoin announced the launch of its own stable coin HUSD. According to the release, the new HUSD solution currently only supports four stable coins, but the USDT is excluded.
Under the pressure of increasing market pressure. Tether may also hope to secure its own stable coin market share by cooperating to occupy the TRON ecology.
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✅#SatoshiLabs Warns About Fake #Trezor One Wallets Being Sold Online
#Hardware #cryptocurrency wallets are becoming more popular. Consumers and corporations act to ensure they can store their holdings in a safe and secure manner.
🔸#Crypto Won’t Be Used for Another Three to Five Years, Says BoT Governor
The governor of the Bank of #Thailand has stated that the use of crypto won’t be used in the country for another three to five years.
🔸#Binance #CEO Grows Tired of Incessant XRP Shilling on Twitter
During these troublesome market trends, holders are looking for ways to alleviate the stress. Some of them flock to XRP as a new standard for hedging during volatile periods.
🔸Chainalysis: Value Of #Bitcoin (BTC) Payments Falls By 80% From Jan. 2018 High
Bitcoin In Payments Becomes “Distant Dream” According to data from Chainalysis, routed through Reuters, the U.S. dollar (USD) value of Bitcoin transactions processed by this market’s 17 foremost payment processors (BitPay, CoinPayments, etc.) has fallen drastically, indicating that BTC’s long-touted medium of value use case could be a sham.
🔸North Korea Announces International #Blockchain and #Cryptocurrency #Summit
If you’re a crypto enthusiast and adventurer with no plans for April 2019, perhaps you can merge your two passions and attend the first Blockchain and Cryptocurrency Conference to be held in North Korea.
🔸#Binance CEO Envisions Massive #Growth For #cryptocurrency
Binance’s founder and CEO Changpeng Zhao, better known as CZ, has recently been interviewed by The Street, a prominent financial news publication.
🔸#Amazon: How E-Commerce Giant Chose #Blockchain Over #Bitcoin
On November 13, Amazon was granted two crypto-related #patents. While the American e-commerce pioneer, with a revenue of over $177 billion, has not chosen to accept Bitcoin (BTC) and major altcoins as a payment option despite public interest and competitors’ experience, it has not ignored the subject altogether.
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