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Tron [TRX]’s proposed BitTorrent token [BTT] airdrop supported by WazirX

Akash Anand

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Tron [TRX]'s proposed BitTorrent token [BTT] airdrop supported by WazirX
Source: Unsplash

The cryptocurrency market’s frequent ups and downs have been quite apparent with popular coins like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all seeing multiple drops in a span of a few hours. The Justin Sun led Tron has witnessed contrasting fortunes as the cryptocurrency started the week as the biggest winner following which it succumbed to the bear’s prowess.

On a positive note, Tron received a boost recently when WazirX, a popular Indian cryptocurrency exchange announced that they would be supporting the proposed BitTorrent airdrop. The cryptocurrency exchange tweeted:

“We’ve got some big news for you, tribe! You must have read about the upcoming BitTorrent (BTT) token sale, and that Tron holders will receive BTT tokens in an airdrop. If and when it happens, we will support the #airdrop, and credit the same to $TRX holders on WazirX.”

The BitTorrent Token launch was much celebrated by the Tron CEO, calling it the first step in creating a fully functional decentralized ecosystem. He added:

“So this is just the first step. I think in the future BTT will definitely have like a more user case and become even I think the one of the largest decentralized user case in the world.”

Another advantage mentioned by Sun was the fact that while other ecosystems have a small userbase, the BitTorrent protocol has over “hundred million” users every month.



Tron’s presence in the cryptocurrency space has been increasing after the start of the new year with multiple announcements coming out of the company’s stables. Justin Sun, one of the main proponents credited with Tron’s rampant march had made news recently when he welcomed Ethereum co-founder Vitalik Buterin into the Proof-of-stake family. This move came as a follow up to Sun’s earlier call-up to Charlie Lee, the founder of Litecoin. The initial tweet read:

“Congrats on following my path @SatoshiLite! Do you want to go further and convince Litecoin to move to proof of stake?”

The follow-up tweet to Vitalik Buterin stated:

“Welcome to proof of stake family!#TRON and I will wait for you here! @VitalikButerin”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Altcoins

Rabobank announces plans to drop its crypto-project

Sarvesh Kumar

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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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