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Tron [TRX] is excited to join Blockfolio Signal beta, says Justin Sun




Tron [TRX] is excited to join Blockfolio Signal beta, says Justin Sun
Source: Unsplash

Tron [TRX], the eleventh biggest cryptocurrency, still continues to be the only coin which has been able to successfully dodge most of the bear’s attacks. Along with holding on to a better price position than all the other cryptocurrencies, Tron is also making advancements in terms of developments.

Justin Sun, the CEO and Founder of Tron Foundation said on Twitter:

“#TRON is excited to join the @blockfolio Signal beta, a leader in mobile portfolio tracking and management for the crypto and blockchain industry.”

Blockfolio is a well-known mobile cryptocurrency portfolio tracking and management network. It provides information regarding the price of cryptocurrencies on several exchange platforms. Blockfolio Signal, a communication platform that connects the token teams to the users. This new communication channel will provide users with the latest updates directly from the cryptocurrency team, ensuring a more personal, and transparent relationship.

With Tron being the latest addition, the network provides support to a majority of the top cryptocurrencies in the market. This includes, Bitcoin [BTC], Ethereum [ETH], Monero [XMR], XRP, Bitcoin Cash [BCHABC], Litecoin [LTC], Cardano [ADA], and Stellar Lumens [XLM].

This news comes in the limelight right after Tron marked new milestones in terms of daily transactions and accounts on the network. The network recently recorded over 2 million transactions, and 700k registered accounts, resulting in Sun claiming that Tron is “writing blockchain history.” The Founder also stated that there will be more exciting announcement regarding the project during the niTron Summit 2019.

Moreover, the Foundation announced Tron Arcade, an investment initiative in the gaming industry. Through this, the Foundation will be funding various gaming projects over the next three years, with $100 million reserved for the same. This is with the main agenda of encouraging gaming developers to build on top on Tron, and making it one of the key blockchain ecosystems in the gaming industry. The Foundation has also stated that they will be steeping into various other industries as well including charity, enterprise, entertainment and social media.

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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.


Rabobank announces plans to drop its crypto-project

Sarvesh Kumar



Robobank to drop its plans of having their own crypto-wallet
Source: Pixabay

Rabobank, a bank based out of The Netherlands, has decided to drop their idea of creating their own native cryptocurrency called Rabobit. The bank had announced their cryptocurrency plans in February 2018. Rabobank was looking at closing the gap between banks and cryptocurrency wallets. However, they have taken this decision after exploring the field for more than a year.

According to a report by Hard Fork, a spokesperson from the bank said,

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation”

Their cryptocurrency idea was part of the Rabobank Moonshot program, which was looking at boosting innovation in Fintech services. The bank does not consider their research a waste, but the same has led to valuable insights and experience in general, the spokesperson added

The spokesperson also said,

“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications.”

The spokesperson cited regulatory uncertainty as the reason why the Dutch institution pulled out of the project. Although the bank has dropped the idea, they will be keeping a tab on the market and the regulatory changes in the industry.

Rabobank is not the only bank to drop the idea of having a cryptocurrency wallet. Recently, ABN AMRO, another Dutch bank, also dropped their plans of “Wallie,” their own cryptocurrency wallet. The reason for their drop was also with respect to regulatory conditions in the industry.

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