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IOTA Co-founder Is Optimistic About Future Expansion

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We all know that Bitcoin, Ethereum and other big names in the cryptocurrency world are making the news daily. However, the same cannot be said for digital currencies like IOTA which sometimes make the news – but most of the time are idle in the leading Bitcoin news portals.

If you haven’t heard about IOTA, it is basically a cryptocurrency with a market cap of $5 billion and currently the #1 on the list of most valuable cryptocurrencies. As of recently, it attracted several German companies with deep pockets (including Volkswagen and Bosch).

In an interview with Bloomberg, the co-founder of IOTA Dominik Schiener shared his beliefs for new partnerships. He sees them as a potential opportunity for the “next growth cycle”. Also, IOTA is constantly in the news for the possible smart contracts technology and features that it may offer, but some say these are rumours.

What’s certain at this point is that all the developers and mathematicians hired by the company are paid in IOTA tokens and not fiat currency. Also, the IOTA foundation has gathered more than 300,000 Euros in IOTA donations from users of the currency (who want it to rise and improve over the years).

In the Bloomberg interview, Schiener stated that there is room for expansion of IOTA – especially because of his successful partnership alongside David Sonstebo, Sergey Ivancheglo and Serguei Popov. The company is based on Berlin and gained much more credibility amongst the masses.

Despite its slow and passive growth, IOTA is a name every crypto trader and investor should remember – and one that will rise and become one of the most valuable cryptocurrencies of our time.

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ICON’s $800 Million Token Swap To Take Place Today

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The ICON token swap, which is scheduled for today (June 20th) is in full preparation. This Wednesday, we will see many investors swapping out their existing Ethereum-based ICX tokens (used for fundraising) for the ICON live version coins. This will allow an exchange of all the existing tokens in an elaborate code migration.

ICON has been launched in 2017 as a cryptocurrency and blockchain that wants to connect independent communities, each with their own governance proposals to a governing blockchain based on a protocol known as loopchain.

Meanwhile, last September ICON sold more than 50% of its ICX token supply, raising more than 150,000 ETH which are now worth around $42,750,000. The project launched in January this year, and already has a collective market cap of about $800 million.

ICON’s swap will be implemented in an exchange rate of 1:1 (Ethereum:ICX) via the ICONex wallet from June to September 25th and through other supporting exchanges. Users will be able to transfer their tokens to Binance and Upbit as well, and through Bithumb until Thursday. However, it is still not confirmed if the Bithumb support will be given, especially after the recent Bithumb hack which saw the exchange losing more than $30 million.

Unlike other projects (such as EOS) the ICON token swap will be opted to conduct after its mainnet launch.

 

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EOS Mainnet Freezes Seven Accounts After Being Hit By A Bug

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The altcoin blockchain named EOS was recently hit by a bug which prevented transactions two days after it went live. The result of this is seven EOS accounts being frozen and subject to a phishing scam, as the blog on the site EOS42 on Steemit recently reported.

The developers initially found the bug and saw that it paused the mainnet unexpectedly on June 16th, noting on the Telegram channel that Block.on, the EOS creator, was working on a software patch.

The block producers held a conference call discussing the problem after which they disabled the nodes and backed up data to protect the network’s history from losing. They also updated the users about the problem and the fact that the bug is being fixed – over a conference call which supports the people who said that EOS was not sufficiently decentralized.

One Cornell professor and a blockchain researcher named Emin Gun Sirer tweeted that EOS would create a major hack in the next calendar year. The EOS mainnet launched last week after raising more than $4 billion in crowd safe.

A blog on a website named EOS Emergency offered a process in which stakeholders can confirm whether the EOS private key was compromised. It also states that the stakeholders can provide confirmation they are the proper owners of the EOS account – giving a consent to unfreeze it.

Liam Wu, which is the head of community for China and South America at EOS42, began responding to reports from people who found their private keys were invalid and did not match their assigned addresses.

 

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TRON Price Surges Following BitTorrent Acquisition

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The TRON price is in the news lately for surging more than 17% this Tuesday. According to reports, the founder of the cryptocurrency Justin Sun is now in the final stages of closing a deal that will make the protocol developer BitTorrent part of the flagship cryptocurrency.

The rumors have been circulating for weeks, and today we had the official confirmation for this. According to TechCrunch, Sun and TRON have agreed to acquire BitTorrent for $140 million and the approval documents have already been distributed to shareholders.

Still, there is no public confirmation on how Sun and TRON plan to use BitTorrent, which currently claims to have more than 170 million users. However, the logical thought is that the network will leverage peer-to-peer file distribution architecture in an attempt to build its “Web 4.0” platform.

Meanwhile, the TRON price has rallied more than 17% despite the fact that the negotiations had more or less become public knowledge. Currently, TRON is valued at $0.05 up from $0.042 yesterday. The cryptocurrency has a market cap of $3.3 billion which enables it to secure the 10th spot in the market cap rankings.

TRON is also in the process of migrating its TRX token to an independent blockchain. The migration began last month with the release of the TRON mainnet beta software and is expected to be completed by the end of June.

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Binance Implements New Features To Help Improve User Experience

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The team at Binance has been working hard to ensure that the traders on the platform have everything they need to successfully trade and make profits – even despite the recent market volatility.

A great proof for this are the new features implemented by Binance. Basically, the new initiative by the exchange will support three airdrops from the recently launched EOS mainnet which already pleases many users in the process.

Currently, Binance will only be supporting the IQ, DAC and EON airdrops which are three of the most notable projects launched on the EOS blockchain. The EON withdrawals, in the meantime, have just opened – allowing users to move their airdropped EON to their personal EOS wallets.

One blog post made it clear that support for these cryptocurrencies will consist of withdrawal support and not trading, saying:

“For trading and listing of these airdropped tokens on Binance, each project will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.”

Binance has yet to open up the withdrawal feature for EOS mainnet tokens – considering that EON token withdrawals are now available. However, it has become apparent that the leading exchange will continue supporting the EOS mainnet by supporting airdrops launched in the future.

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