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Binance CEO backs VeChain after being added to the platform’s Trust Wallet

Shahrain KM

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Binance CEO backs VeChain after being added to the platform's Trust Wallet
Source: Unsplash

On 27th September, Trust Wallet, a mobile Ethereum Cryptocurrency announced on Twitter that it has released support for VeChain [VET] and VeChain Thor [VTHO]. The wallet has also disclosed the integration of Wanchain [WAN] to its platform.

Trust Wallet's official announcement | Source: Twitter

Trust Wallet’s official announcement | Source: Twitter

Trust Wallet was recently acquired by cryptocurrency exchange, Binance with an aim to provide better services and enhanced safety and security to users. Trust wallet has retained its anonymity post the acquisition and therefore users will have access to both the VeChain and Wanchain currencies via Trust’s multi-coin wallet on iOS and Android devices.

The wallet is a decentralized application [dApp] that is open source and anonymous with support for ERC20, ERC223, and ERC721 tokens including digital assets such as Ethereum [ETH], Ethereum Classic [ETC], and GoChain [GO]. Changpeng Zhao aka CZ, the CEO of Binance stated:

“One of the best mobile wallet for your crypto just got better!  BUIDL!”

Trust Wallet has also announced that they plan to add support for Bitcoin [BTC], Tron [TRX] and NEO in the following year.

At the time of writing, VeChain [VET] was sitting at the 19th position in terms of market capitalization. At press time, VET was trading at $0.012 with a market capitalization of $706 million.

A Redditor named Bossanovawitcha commented:



 “Goes out of his way to note Vechain is first staking coin supported. It is quite noteworthy in and of itself.”

Another Redditor named Marmot1991 stated:

“But for now that wallet support just ETH and ETH tokens. Binance buys this wallet and now the first coin on its own network is VeChain. I think this is one of a kind of support.”

A Twitter user named Tommyp408 said:

“It is a free world. Each person can choose where they want to live or conduct their business at Binance should operate in a country that has regulations that support crypto. I guess this is why so many other blockchain companies are moving to Malta.”





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Altcoins

Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users

Namrata Shukla

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Tron [TRX] DApps surpass Ethereum and EOS in terms of Weekly active and new users
Source: Pixabay

Tron [TRX], the eleventh largest coin on CoinMarketCap, has been crossing new milestones recently, with its block height and partnerships. Despite the coin performing rather poorly in a relatively bullish market, its adoption and the popularity of its DApps have made Tron lead the DApps market.

Tron’s popular proponent, Misha Lederman, shared with the community Tron’s recent achievement. Compared to Ethereum [ETH] and EOS, Tron registered a higher number of new users and active users. It noted 60k new users, while Ethereum reported 25K and EOS reported 9k. The active users on Tron’s DApps platform were 172k, followed by EOS with 170k and ETH with 54k.

Lederman in his tweet commented,

“#TRON growing fastest in terms of new users among Top 3 platforms:
New Users:
TRON 60K; #ETH 25K; #EOS 9K
Active Users:
TRON 172K; EOS 170K; ETH 54K”

Source: Twitter

Source: Twitter

He added that BitTorrent Speed’s launch in Q2 would provide Tron and BitTorrent users with BTT as an incentive for seeding, which might lead to a growth in the user base of TRX and BTT.



Source: Twitter

Source: Twitter

According to Tron foundation and BitTorrent CEO Justin Sun, TRX will make its way into the top 10 by the end of June, whereas BTT will be a part of top 30 by Q2. However, Tron’s current market cap is $1.87 billion, whereas Cardano [ADA] on the tenth position reported a market cap of $2.12 billion.

At press time, Tron was valued at $0.0279, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was noted to be $664 million, as it fell by 2.80% in a day. TRX managed to register 12.60% growth over the past seven days. However, it fell by 0.53% in an hour.





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