The peer-to-peer torrent client BitTorrent which seems to be present a lot in the crypto news these days, has made another great partnership with crypto payment gateway CoinPayments in order to provide support for its native BTT token.
BitTorrent launched its token in January this year and has since started to tokenize its sharing ecosystem a couple of months after the company was acquired by TRON.
According to an official press release, BitTorrent has been collaborating with CoinPayments on supporting TRON but also Bitcoin payments for premium services. By adding BTT support, all of the users can use the token to pay for BitTorrent subscriptions, file conversions, and HD streaming.
The founder of TRON Justin Sun has pointed out that the roadmap for tokenization of the BTT ecosystem, will make BitTorrent liquid on the online marketplace. This summer is expected for the BTT-powered blockchain app ‘’BitTorrent Speed’’ to be presented as a part of BitTorrent’s Windows-based µTorrent Classic client and according to the website, the app is supposed to let users exchange BTT for seeding in order to support faster download time.
BitTorrent was created in 2004 and now has more than 100 million users in its p2p network. The integration with TRON is perceived as the ‘’Project Atlas’’ which has a goal of creating a decentralized platform for content distributing but by using cryptocurrency.
TRON is currently ranked as the 8th largest cryptocurrency by market cap and is trading at $0.0258 which means is up to 0.25 percent on a daily basis.
QuadrigaCX Chief Executive Feared For His Life According To A Close Friend
‘’Gerry was holding, we know, over $100 million, almost $200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried that something might happen.’’O’Brien also outlined that the only way to access the funds is if Cotten had already set up multiple contingency measures. He stated that the QuadrigaCX Chief executive should create a backup system in case anything goes wrong. This information can be hopeful for some users of the exchange but everything could be lost if there isn’t a backup system built. When he described Cotten, O’Brien noted that the QuadrigaCX chief executive was a super smart man but that ‘’ a dead man’s switch would be something that Gerry would have had to set up before he passed away.’’ Usually, this kind of a ‘’switch’’ is activated over a long time of inactivity. Some believe that the dead man’s trigger services could send an email to all of the users in a specified period over a month or two. The user is then expected to respond to the emails by clicking a link. However, if the user does not click the link, the trigger is activated instantly or over a grace period. Activation involves sending emails with specific instructions. This is what O’Brien believes that the QuadrigaCX chief executive has already done. As we mentioned previously in the latest cryptocurrency news, the QuadrigaCX chief executive Gerald Cotten died in India after a complication from Crohn’s disease. The funds cannot be accessed still.
Peter McCormack Sued By Craig Wright After Accusing Him Of Fraud
“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”As previously reported in our latest cryptocurrency news, major crypto exchanges such as Kraken and Binance already delisted Bitcoin Satoshi Vision after Wright took a similar action as towards Peter McCormack only this time to the Twitter user Hodlonaut who initiated the Lightning Torch. Kraken delisted BSV for the same reason and so did the crypto swap service ShapeShift. The only one not delisting the coin is the OKEx crypto exchange.
Binance Chain Launch: Expected Mainnet Swap Set For April 23
"Binance Chain launches its mainnet and plans to execute Mainnet Swap on April 23, 2019.Please note that all dates are only our best estimates and are subject to change depending on how things progress. Please stay tuned for any updates during this period."The Binance Chain launch will also see Binance producing blocks with consensus from the genesis block as of today - and its native coin BNB is planned to be issued in the genesis block. Along with the launch, the exchange provided details for the conversion of ERC-20 based BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, the exchange emphasized that it will not support the withdrawal of ERC-20 BNB tokens after April 23. Both Binance Chain Explorer and Web Wallet will be available to selected partners in the beta testing mode and are expected to be opened to public access "around April 23, 2019" according to the announcement. What's even more specific in this coming altcoin news is the fact that Binance is planning on releasing more BEP2 coins as more users convert their ERC-20 BNB coins to BEP2 BNB with the Binance Chain launch, while the proportional amounts of the ERC-20 BNB tokens will be burned while "keeping the total supply across both networks constant," as the exchange noted. Currently, Binance is the third largest cryptocurrency exchange in the world. The Q1 2019 profits of the business recorded an increase of 66% compared to the previous quarter, as reported by many best cryptocurrency news sites. In another report, it is shown that Binance earned $78 in Q1 profits due to a massive growth in its over-the-counter platform. Recently, one charity arm of Binance said that it would launch a crypto donation channel to suppor the reconstruction of the Notre Dame cathedral.
Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA
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- Russia’s Central Bank Looks Into The Pros And Cons Of CBDC
- SBI Holdings Removes BSV But Not As A Part Of The Delisting Campaign
- QuadrigaCX Chief Executive Feared For His Life According To A Close Friend
- Peter McCormack Sued By Craig Wright After Accusing Him Of Fraud
- Renminbi Chinese Currency To Officially Become A Cryptocurrency
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