Justin Sun Claims Getting Tron Listed on Major US Exchange is a Priority, But Are Investors Losing …

Notably, Tron is not currently available on any major US exchange platforms, like Coinbase, but the project’s founder Justin Sun is now noting that …

Tron has been facing a turbulent past few months, with multiple rumors and news developments contributing to its recently incurred volatility.

Notably, Tron is not currently available on any major US exchange platforms, like Coinbase, but the project’s founder Justin Sun is now noting that getting the crypto listed on a platform like Coinbase is one of his top priorities right now.

Tron Not Under Consideration for Listing on Coinbase Yet; Will This Soon Change?

Although Tron is certainly one of the more controversial major cryptocurrencies, it does have a large community behind it and a nearly $1.4 billion market cap, making it the twelfth largest cryptocurrency.

Despite its size and popularity, it is one of the few major altcoins that has not yet been up for consideration for being listed on Coinbase or Coinbase Pro, despite the exchange’s claim that it ultimately hopes to list all major cryptocurrencies.

Although Tron is not currently listed on any major US exchange, this may soon change, as Justin Sun explained in a recent tweet that getting the embattled crypto listed on Coinbase or another major exchange that is open to US-based investors is his number one priority right now.

“Yes. It is our #1 priority now. We will have a full team including me dedicated to this matter. We will get all these things done with #TRON speed!” Justin Sun noted while responding to a tweet in which someone noted that “big investors are very concerned.”

Yes. It is our #1 priority now. We will have a full team including me dedicated to this matter. We will get all these things done with #TRON speed! #TRX$TRXhttps://t.co/gYcZP1pHhk

— Justin Sun (@justinsuntron) August 9, 2019

Are Investors Growing Frustrated with TRX’s Price Action?

Tron, like many other altcoins, has been slowly bleeding out over the past month, which has been primarily due to Bitcoin’s growing dominance over the aggregated crypto markets as investors flee altcoins.

Over a one-month period, Tron (TRX) is down significantly from its highs of $0.03, as it is currently trading at just below $0.021.

This drop marks an extension of the downwards pressure that the cryptocurrency has been facing over the past several months, which first began in early-June when it hit highs of over $0.04.

TronTron

Tron’s three month USD price chart.

This bearish price action has undoubtedly forced many Tron investors out of the cryptocurrency, and unless Bitcoin begins surrendering some of its dominance, it is highly likely that Tron will continue facing significant downwards pressure in the near-future.

Featured image from Shutterstock.

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Are we ready for the changes artificial intelligence can bring?

Many of us find the concept of artificial intelligence confusing and creepy. But what if we’re already using it in our every day lives? And what if we’re …

Many of us find the concept of artificial intelligence confusing and creepy. But what if we’re already using it in our every day lives?

And what if we’re thinking about it all wrong?

Dr Sandra Peter is a researcher and educator at the University of Sydney Business School. She is also the director of Sydney Business Insight, where she leads conversations about the future of business.

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Charlie Lee Says Litecoin Is Still Alive and Kicking

Litecoin founder Charlie Lee has taken to Twitter to claim that his project is alive and well – despite an apparent lack of recent activity. Lee stated that …
Charlie Lee Says Litecoin Is Still Alive and Kicking 101
Charlie Lee. Source: a video screenshot, Youtube, Real Vision Finance

Litecoin founder Charlie Lee has taken to Twitter to claim that his project is alive and well – despite an apparent lack of recent activity.

Lee stated that he “just wanted to set the record straight” with his posts, and began by pointing out that there have been only “a handful of core developers [Lee named six, including himself] working on Litecoin Core” since the project’s inception eight years ago.

Lee assured followers that a “lead developer” has been “quietly working hard behind the scenes on Litecoin Core development.”

However, he conceded,

“Recently there’s been a lot of FUD [fear, uncertainty and doubt] about Litecoin having no code commits in 2019. When you look at [the Litecoin GitHub account], it would seem like we did no work in 2019.”

Lee expanded on the reasons for the above, claiming that the majority of the updates that he and his team have applied to Litecoin were originally developed for use with Bitcoin, and there was a “lag” between Bitcoin and Litecoin developments.

1xBit

He added that Litecoin’s developers do not work on the project’s master branch on GitHub so as not to end up with broken builds.

Lee added, “When we release 0.18.1, [the Litecoin lead developer] will merge his branch into [the master branch]. When that happens, it [will] all of a sudden add all the 2019 commits.”

Watch the latest reports by Block TV.

Lee also noted that he had made similar explanations in the past and quipped,

“I bet even after this explanation, we will have people confused in 2020.”

He conceded that he had “dropped the ball” on MimbleWimble and Confidential Transactions, though, stating that the former should be ready by the end of the year.

He ended by pledging that he would “get the ball rolling” on the two new developments, and would “work on better communication with the community and give more frequent updates.”

And while not everyone was convinced by these explanations:

I just want to set the record straight.

— Captain Bitcoin ⚡️ ☣️ 🥩🍖🍗🥓🥚 (@bitcoinization)

Other showed support for Litecoin:

As previously reported, Litecoin recently experienced its second halving. Since then, LTC price dropped by c. 13%. At pixel time (09:56 UTC), it trades at c. USD 87 and is down by almost 1% in the past 24 hours.

Watch Charlie Lee explaining why he thinks that Litecoin is silver and Bitcoin is gold:

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No One Agrees On Coffee Or Series A Rounds

… constant deals we read about, Gené Teare interviewed NFX’s co-founder James Currier, and I chatted with Alex Marshall from First Round Capital.

Welcome to the Crunchbase News Weekend Update. An email form of this post went out Saturday morning. Happy reading!

Hot takes feel lukewarm these days. I’d wager that if we spent less time arguing about cold brew versus iced coffee, that same energy could be pivoted to shed light on more pressing topics.

Complacency about caffeine is not a sin, people.

Want this email every weekend? Subscribe here to Crunchbase News emails!

For example, we wrote about how Webflow raised a $72 million Series A this week. A debate followed on whether it was fair to compare Webflow to other companies that have raised outsized Series As. In this case, it felt helpful to use a take to clarify how Crunchbase News thinks about the ever-changing definition of this round.

Plus, it sets the scene for the next section I want to get into: the funding rounds we covered this week.

Starting big, Ibotta, an in-app coupon company, raised a nine-figure Series D. It’s the only tech unicorn in Colorado right now. Another company worth around $1 billion dollars, Cybereason, raised $200 million led by Softbank (We covered SoftBank’s earnings as well, so head here to learn about how the Vision Fund is doing).

While SoftBank’s name pops up in some of the biggest deals we see, reporting on smaller news gives us the best ins for big trends. For example, when Airbnb acquired another company, we looked at the broader travel startup market. Or as Lyft and Uber reported their Q2 performance, we asked what it meant for other ride-hailing companies. We also got into the cannabis market with LeafLink’s $35 million raise, and how Smart News is joining a friend group of Chinese-news focused unicorns. For quirkier hits, check out Last Week In Venture.

Beyond breaking news, Jason took us through a growing trend of hypergiant rounds, which are private financing totals of $250 million or more. We also took a look at two different geographic regions: Mary Ann’s look at a lukewarm Texas VC scene, and my inaugural column on Boston, which had its slowest July in VC funding since 2014.

Finally, to better learn about the people behind the constant deals we read about, Gené Teare interviewed NFX’s co-founder James Currier, and I chatted with Alex Marshall from First Round Capital. Learn about why one thinks Buzzfeed is dead, and why the other can’t handle hearing about crypto.

Until next week,

Natasha

Illustration: Li-Anne Dias.

P.S. I put out a personal newsletter every Monday, subscribe here if you’re interested!

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Facebook’s new currency is a consumer-beware proposition

Like bitcoin and other cryptocurrencies, Libra is built around blockchain … Cryptocurrency exchanges and wallets, the online accounts for holding …

Facebook CEO Mark Zuckerberg’s face is visible on a mock “Zuck Buck” depicted on a screen behind David Marcus, CEO of Facebook’s Calibra digital wallet service, as he is questioned by Rep. Brad Sherman, D-Calif., during a House Financial Services Committee hearing on Facebook’s proposed cryptocurrency on Capitol Hill in Washington, Wednesday, July 17, 2019. (AP Photo/Andrew Harnik)

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