1 .Binance Ready To Capture The Coinbase’s Crypto Market Share
With Binance’s new announcement to move its office to the crypto favourable territory, Malta and working on the deal with local banks to launch its fiat to crypto trading pairs, the exchange is all set to take over the Coinbase and dominate the cryptocurrency market.
One of the largest cryptocurrency exchanges in the world, Binance is riding high in the cryptocurrency market. With over 5 million users, this Chinese cryptocurrency exchange is popular for its crypto to crypto trading services.
Over the past few months, Binance has made a lot of advancements that have led to its increased user base, business, and credibility in the market.
Recently, Binance announced its plan to open a new office in the Mediterranean nation, Malta. Referring to the island as a progressive territory for cryptocurrency and fintech, Binance co-founder Zhao Changpen is looking for a fresh and high driven start in the crypto favorable Malta after getting a warning from Japanese financial authorities.
2 .
If you thought that student loans were just for well, student expenses, then think again. A recent survey has found that some college students are using their financial aid to invest in the crypto market.
College is expensive and sometimes, opting for financial aid is the only way to cover fees, rent, textbooks and the list goes on. It also leaves you with a future filled with all of these student bills that have unfortunately graduated with you.
However, according to The Boston Globe, some students are doing more with this borrowed money than using it for their college and living expenses.
Pollfish, an online polling platform, conducted a survey and according to The Student Loan Report, 200 out of 1,000 students stated that they have used some of their student loan money to invest in crypto.
3 .Tron Test Net Launch and tron coin burn is just a week away
a decentralized content creation and sharing platform which also has its own token, TRX, is gearing up to launch its test net within a week.
The network, which dubs itself as being a “Web 4.0 Blockchain DApp Platform”, is based on the idea of letting its users develop and disseminate entertainment content in a decentralized setting, where it could be distributed amongst other users effectively.
Tron test net is here
With the launch of the test net, interested users will be able to see Tron’s functionalities in action, where they would be able to develop and execute smart contracts and related apps to determine how effective Tron could be for the execution of their ideas.
Since the tron test net is reported to be very similar to the main net, it will provide an effective demonstration of Tron’s real world utilization to interested developers before the main net is launched a month later.
Tron talks the talk, and now aims to walk the walk as well
With the integration of multiple DApps within its platform and having their users be able to utilize its functionalities, Tron also claims that it has the most users in the world for a blockchain based DApp platform. In case you were wondering, the figure in question goes over 4 million users.
Tron’s supporters also claim that the platform is highly scalable and executing smart contracts through it would be far easier and faster than its more popular counterparts, such as Ethereum.
With the launch of Tron’s test net, the platform’s developers and supporters aim to show the world that they are not just making bold claims but are able to back them with a powerhouse product.
Tron will also hold a coin burn
Along with launching its test net, Tron will be holding a coin burn event which will see a decrease in the existing supply of Tron’s native token – as the platform had planned to do earlier.
By reducing the amount of its token supply, Tron is aiming to increase the market value of remaining tokens. It remains to be seen how it will actually turn out for the new platform.
This tron coin burn and launch will be a big deal for investors and it might lead to a quick large spike in the price of the cryptocurrency. The tron coin burn will be interesting to see, as it will show how coin burns have an affect on the price of the token and if traders are able to profit from the anticipated events or not.
Tron has many skeptics and it may be interesting for a short term trade.
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