The total number of accounts generated on blockchain network Tron has exceeded 4 million, its CEO has said. 4 million active users? In a tweet on Nov. 4, monitoring resource TRONSCAN announced that the network’s total account tally was now 4.015 million, a figure which Justin Sun subsequently broadcast. The numbers do not distinguish whether an account is in use or dormant, and in the case of the latter, whether the inactivity is likely permanent. For Bitcoin (BTC), different resources measuring active accounts produce varying results. According to Blockchain, there were just over 463,000 daily active Bitcoin addresses as of …

The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend. Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003. In other crypto-related news, French high school students will now be taught the basics of Bitcoin and its effects on the French and global economy. This suggests that the government is …

A Bloomberg report, analyzing data from 13 top exchanges, shows that within a very short span of time, Bitcoin (BTC) futures trading volume has grown to about 50% of spot trading volume. This is the sign of a maturing asset class. Successful operation of the futures market may provide regulators with the confidence they need as many are concerned that a few entities can easily manipulate the markets at will. The institutional players who have been staying away due to wild volatility in the crypto sector are also likely to jump in because the futures and options market provides them …

The sentiment in the crypto markets had turned bullish on the news that Chinese President Xi Jinping has called for businesses and government bodies to support the development and adoption of blockchain technology. However, just days after the comments, the Chinese state media warned that support for blockchain should not be interpreted as an endorsement for cryptocurrencies. During the recent Bitcoin (BTC) rally, institutional interest picked up, which also resulted in a spike in Bitcoin futures volumes on the Bakkt platform. Along with targeting the institutional players, Bakkt dove into the mobile payments sector. Earlier this week the company announced …

South Korean technology conglomerate Samsung has integrated Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore. According to a release note published on Oct. 29 to the Samsung Developers website, Samsung Blockchain Keystore SDK v1.2.0 now includes APIs that support TRX transactions. Justin Sun’s social media ploy Samsung has revealed it is today announcing its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019. The new SDK will reportedly tackle the two-fold challenge of bolstering security and building mobile-compatible DApps. As commentators have been swift to claim, the new Tron integration means that APIs for all tokens …

The seesaw price action over the past week has lightened up the crypto space once again. While the aggressive bulls view the sharp upside move as a bottoming signal, the bears consider the rise as a bear market rally that should be sold into. However, as traders, our goal should be to identify the trend and trade with it. Bitcoin (BTC) futures trading volume on Bakkt has surged over the past three days. This suggests that the recent market activity has generated interest among institutional traders who expect a sharp directional move. Cryptocurrency market daily performance. Source: Coin360 If the …

China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin (BTC) ranked 11th and EOS (EOS) retaining the top spot as of the end of September 2019. The listings rank 35 assets in total, as reported on Sep. 29 by the Center for Information and Industry Development (CCID)’s online information portal. Reshuffles Compared with the last instalment of the rankings this July, Bitcoin has held its position while altcoin Tron has dislodged Ether (ETH) from the second spot. XRP is up from 30th to 20th-ranked asset. CCID cryptocurrency rankings, Sep. 2019. Source: CCIDnet Qutum (QTUM) has risen …

Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.” “Make a guess?” Sun, the master of hype and CEO of Tron, took to Twitter on Oct. 25 where he made one of his infamous announcements in order to excite his followers with a message that barely contains enough details to even describe what the announcement could be about. This time around, Sun started off by saying that Tron will be partnering with a corporation that would seem to be valued at somewhere $100 billion. He went on to invite guesses. The tweet …

The amount of Tether (USDT) tokens issued on the Tron (TRX) blockchain now accounts for nearly 12% of all USDT tokens. 350 million to 450 million in one day Launched in mid-April 2019, TRC20-based USDT has hit a total supply of over 490 million tokens on Oct. 25, which now makes up almost 12% of the 4.1 million Tether tokens currently in circulation, according to data on Tronscan. TRC20-based USDT on Tronscan The new total supply milestone resulted following the addition of 100 million new TRC20-based USDT tokens, as the Tron Foundation confirmed on Oct. 25. More 40 million USDT …

Bitcoin’s (BTC) plunged today, dragging the whole crypto space along with it. The total crypto market capitalization has broken below the $209 billion mark from where it had bounced on two previous occasions in late September. It has psychological support at $200 billion and below this point the total market capitalization could drop to $170 billion. Cryptocurrency daily performance. Source: Coin360 At the moment, there is not a direct reason that explains today’s strong correction. Some analysts believe that Facebook CEO Mark Zuckerberg’s testimony before the United States Congress on Libra might have triggered the fall. They believe that the …

The global economy is on weak footing. This has led to rate cuts by several central banks across the world and many are planning to implement additional measures to support their respective economies. This has ballooned the balance sheets of the central banks and there appears to be no end in sight. Since mid-September, the Federal Reserve has resumed its bond buying initiative, leading its balance sheet to expand by $210 billion. The Fed’s balance sheet is now about $3.97 trillion. While the supply of fiat currencies has been steadily increasing for the past few years, Bitcoin’s (BTC) block rewards …

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct. 18, the United States-based crypto exchange Poloniex is spinning out …