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Tron [TRX] and Litecoin [LTC] launched on Bittrex with USD pairs

Priya

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Tron [TRX] and Litecoin [LTC] launched on Bittrex with USD pairs
Source: Unsplash

Bittrex, one of the leading cryptocurrency exchange platform recently announced on Twitter that they have successfully launched the USD markets for Tron [TRX] and Litecoin [LTC]. Last week, the exchange platform made the announcement of listing the coins on their platform.

Bitterx’s announcement on Twitter:

“Launch Update: TRON (TRX) and Litecoin (LTC) have been added to USD (Fiat) markets. Eligible #Bittrex accounts created before September 4 are enabled for trading.”

The listing of Tron on the exchange platform marks as the first USD market for TRX in the United States. To this, Justin Sun, the CEO and Founder of Tron Foundation said:

#TRX already can be traded on @BittrexExchange, $USD markets, $USD/ $TRX. First #TRX fiat trading pair in US. Go #TRON. Go #TRONICS. #TRON to the future.”

The main aim of launching USD markets was in order to eliminate the dominance and influence of one cryptocurrency over the rest of the market. In addition, the exchange platform also considers this as a step forward for the adoption of blockchain technology.

Currently, Bittrex has an overall of 10 cryptocurrencies with USD pairs available for trading on their platform. This includes Bitcoin [BTC], Ethereum [ETH], Cardano [ADA], XRP, Tether [USDT], TrueUSD [TUSD], Ethereum Classic [ETC], ZCash [ZEC], Litecoin [LTC] and Tron [TRX].

Cryptocurrencies available on Bittrex along with USD pairs | Bittrex

Cryptocurrencies available on Bittrex along with USD pairs | Source: Bittrex

The platform, at first, opened USD markets for XRP and Ethereum Classic. Succeeding which, the exchange platform launched USD pairs for Cardano [ADA] and ZCash.

During the initial announcement of the launch of USD markets, the exchange platform said that the pairs will be available for customers using their corporate and personal accounts. However, this service is available for customers only from California, Washington State, Montana and international customers who are qualified to participate in the market.

Moreover, customers are required to fill out a form and get approved by the exchange platform to start availing the service. The customers are also given two options to participate in the USD markets. This includes ‘USD trading only’ and ‘USD trading, deposits, and withdrawals’.

By opting for the USD trading only service, customers will have access to only trade in the USD market along with their respective coins on the platform. Whereas, by opting for the USD trading, deposit and withdrawals service, customers will have access to all the trading services in the USD market for their respective coins. If a user wishes to convert from ‘Trade Only Service’ to ‘USD Trading, Deposit and Withdrawal’ service, they can do so by submitting a fiat trading form to the platform.



According to CoinMarketCap, at press time, Tron [TRX] was trading at $0.018 with a market cap of $1.22 billion and plunged by more than 6% in the past 24 hours in the market.

Litecoin [LTC] was trading at $51 with a market cap of $3.02 billion and has plunged by more than 9% in the past 24 hours in the market.





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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.

Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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