Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20. Per the release, BitGo will add support for TRX later this year, making it available for institutional investors. TRX thus joins over 100 other digital currencies already supported by BitGo. BitGo is reportedly the world’s largest processor of on-chain Bitcoin (BTC) transactions, processing 15 percent of all global Bitcoin transactions and $15 billion of cryptocurrencies per month. The company’s wallet service has more than $2 billion in assets under management. Yesterday, BitGo revealed …
If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
A crypto exchange that’s based and regulated in the United States claims that its goal is to bridge the gap between foreign exchanges, futures, stocks and banking — and ensure that digital assets are available to institutional and retail traders around the world. CoinZoom says it provides an on-ramp that enables users to easily convert their fiat into the cryptocurrency of their choosing, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP and Ether (ETH). A diverse range of local currencies is supported. According to the platform, it also offers competitive maker and taker fees of 0.20% and 0.26%, respectively, with discounts …
Digital asset financial services firm BitGo has launched a new staking service for the clients who store their assets with its qualified custodian subsidiary BitGo Trust. A press release published on Oct. 3 revealed that the new service will initially launch with altcoins Dash (DASH) and Algorand (ALGO), with more assets to be supported in the future. Staking vs. mining Staking is specific to proof-of-stake (PoS) blockchains and essentially allows network participants to earn a form of “interest” by depositing their tokens to both maintain the network and potentially earn rewards. As opposed to proof-of-work blockchains like Bitcoin, nodes in …
Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11. Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet. This will purportedly let DApps consume less energy and run with higher security and efficiency on Tron. The post further reads that the Sun Network supports smart contract transactions and more customizable requirements such as setting sidechain incentives, transaction rates and confirmation speed, among …