Tron [TRX] enters Indonesia with Indodax to trade with the Rupiah

Tron [TRX] enters Indonesia with Indodax to trade with the Rupiah Con...

Tron [TRX] enters Indonesia with Indodax to trade with the Rupiah

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Source: Wikimedia Commons

Tron [TRX] is just not about the main net or token migration, the team has been relentlessly been working in every possible way to make their currency and blockchain protocol the best in the world. Recently Tron announced its expansion to Malta â€" the pro blockchain nation, along with Binance.

After Eastern Europe, Indonesia welcomed Tron and its community to spread their reach in Asia. The digital asset exchange from Indonesia â€" Indodax has decided to team up with the world’s 10th largest cryptocurrency to spread their wings through the country. Tron [TRX] will be available to trade with its first-ever Rupiah trading pair through Indodax.

Ivan NathaNael, an Indonesian Twitterati says:

“Not TRX/Rp. But TRX/IDR. I’m Indonesian. Welcome to Indonesia.”

CryptoRankings tweeted:

“Oh no call the Indonesian border patrol!!”

The deposits for the trading pair, TRX/Rp will be available from tomorrow i.e. June 4th from 8.00 WIB and the trading activities will go live the next day on June 5th at 15.00 WIB. The exchange platform welcomed the Tron community with much delight as they tweeted, “Selamat Datang Tron (TRX) di Indodax,” which means welcome to Tron [TRX] at Indodax.

Indodax has a few currencies from the top listed on its platform including Bitcoin [BTC], Ripple [XRP], and Ethereum [ETH] where Bitcoin and Rupiah are trading pairs. Indodax is worth a market cap of $23.4 billion as per CoinMarketCap’s data with Storiqa, Tokenomy, and Bitcoin grabbing the top 3 spots on its platform, all the pairs in IDR.

The founder of Tron, Justin Sun has been continuously tweeting about this since the official news came out,

“#TRON has expanded into #Indonesia and you can now trade #TRX in our first Rupiah pairs $TRX/$Rp. More exchanges are coming! #TRONSR.”

Tron [TRX] is listed in about 98 exchanges around the world with the latest addition to the list being Indodax. The founder also mentioned in his tweet that more exchanges and listings can be expected soon which is no surprise considering the blockchain transition and token swap schedule.

The top exchanges trading Tron with high volumes remain Upbit, Binance, and Bithumb. TRX is currently trading at $0.061 with a positive 4.2% increase in the past 24 hours. The market has also suddenly turned green imbibing some positive hopes to the investors. This positive emotion has TRX supporters optimistic with a supporter saying,

“TRX#TRON is going to the world most adopted cryptocurrency as the number of fiat pairs will grow and people will be educated on the lack of value in fiat and how corrupted entities can just flip a switch to print/increase a number of fiat currency they own.”

A market observer, SSBH tweeted:

“Reduce the circulating supply of Tron only then it’s worth it else price will never go upto $1+. It’s simple math which you are unable to understand. Worry for token holders.”

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Sthuthie Murthy

Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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EOS Developers’ $50 Million Capital collaboration!

Published

6 hours ago

on

June 3, 2018

By

Arjun B Source: PxHere

On Friday 1st June, the founders of EOS platform, Block.one has exclusively collaborated with SVK Crypto, a leading blockchain investment firm based in London to speed up the growth and development of EOSIO blockchain ecosystem. Block.one and SVK Crypto are going to invest $50 Million for the fifth injection of capital for the EOS Virtual Capital [VC] initiative.

Hugh Cochrane and Shane Kehoe will be leads of the fund management team from SVK Crypto. Both of them have got more than a 25 years’ experience in making investments for early-stage technological enterprises and start-up firms.

The funds will be used to develop decentralized applications [dApps] that are created on the EOSIO blockchain. These dApps can be used for functions such as data ownership, data control, technological platforms, logistics, supply chains, and on social media platforms.

The Head of Fund management team of SVK Crypto said:

“Block.one has created the world’s most powerful infrastructure for decentralized applications and is the most forward-thinking company driving growth in the blockchain space. SVK Crypto is thrilled to partner with Block.one to establish a fund that enables developers to thrive. We look forward to helping to produce innovative game-changing DAPPs in the coming months and years.”

The CEO of Block.one, Brendan Blumer said:

“Working with a market-leader such as SVK Crypto is a positive step as we grow the impact and footprint of the EOSIO developer ecosystem, this fund further strengthens our top-notch roster of VC partners focused on identifying and fostering projects that are building a decentralized, open future.”

The Virtual Capital of Block.one of EOS VC, Brian Mehler commented:

“We aspire for our funds to be global leaders in blockchain venture investing. The teams at SVK Crypto and Block.one bring together broad leadership in the VC and funds space with blockchain expertise and exceptional go-to-market drive. This fund gives blockchain entrepreneurs and innovators reason to be excited about developing on EOSIO.”

EOS VC project of Block.one is also going to gaining support from around the world, some of the prominent investors include Tomorrow Blockchain Opportunities, Tomorrow Ventures, Galaxy Digital LP, FinLab. They have also entered into a partnership with Michael Cao and Winnie Liu to create $200 million funds for Asia-focused EOSIO projects.

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Millions worth EOS token stolen from Investors, Block.one becomes online scam victim

Published

6 hours ago

on

June 3, 2018

By

Arjun B Source: Flickr

The internal system of the parent company of EOS ICO was compromised by some digital hackers, and Investors have lost millions of dollars.

The plot was simple, some anonymous online scammers had hacked into the system of Block.one, and scammers sent messages to the investors of EOS. The details of the investors were breached by the hackers and this information was used to steal EOS [EOS] a nd Ethereum [ETH] tokens from the investors.

The Hackers had hacked the email support system of Block.one which was operated by cloud software provider called as Zendesk [ZEN]. Block.one temporarily terminated their Zendesk system due to the unfortunate situation.

Block.one is the parent company on EOS ICO, which is raising $4 Billion for the development of their new blockchain software. The sale of EOS tokens has begun almost a year ago, and the sale ends today. In a year Block.one has sold one more than one billion EOS tokens to various investors.

The hackers had sent emails to the investors, the mail has a hyperlink which takes to the Hacker’s website with a domain name of “https://xn--es-8bb.com” which web browsers would translate to eȯs.com. The website asked the users to enter their private key to unlock their wallets to get the free tokens. The hackers used this private key to take all the tokens from the investors.

The cyber-thief or thieves, which is uncertain at this time, has stolen EOS and ETH tokens from investors. The hackers capitalized on the information they obtained to their advantage. The scammers pretended to provide free tokens as part of a giveaway. The investors were looking forward to getting free EOS and ETH tokens, instead, the hackers stole the coins that they had. The investors lost millions of dollars.

Sofia, a Reddit user said that:

“I have lost around $45,000 worth of EOS tokens from my wallet, I hope the justice would be served.”

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Source: Google News Indonesia | Netizen 24 Indonesia