TRON (TRX), one of the largest and ranked 20th cryptocurrencies is high in demand among gamblers and gamers. We are here to give you a better idea of TRON price prediction for upcoming years. Crypto experts and analysts all over the world are making assumptions that the coin will have a great future ahead. Investors and traders are keen to know the predictions of TRON to get a better idea. But before let’s take a look at the founding stones of the company and what it is!

TRON is a decentralized machine created to boost the internet through decentralization. It helps developers of decentralized applications to build and use dynamic protocols through smart contracts in their native Blockchain the same way Ethereum does. The long term goal of this crypto is to revolutionize the entertainment business.   To do so, the team has partnered in collaboration with leading developers, streaming platforms, social networks, and so on.

Justin Sun was the man behind TRON. It was initially built as an ERC-20 token for the Ethereum network. But soon after its launch in ICO, the project was a big hit and the team started its Blockchain. After the successful launch of Blockchain, TRX was shifted to its own network’s Blockchain.

All of this has helped a lot of TRON to build in itself and grow very quickly by gathering a lot of support and interest. There was also a time when every day there was news that TRON was partnered up with exchanges and other businesses. The hype was real when the network announced that they bought Bit torrent allowing the seeders to earn coins by sharing files.

Before going into price predictions, let’s have a look at how the coin has been doing in the past. TRX began operating in mid-September 2017. The price of the TRON was $0.001984 back then. However, the coin soon came into the greatest crypto bull ever, and gradually increased from the above lows to its $0.275647 all the time highest.

Nearly all cryptocurrency prices depend on Bitcoin directly or indirectly. In this case, TRX is also no different. It has shown bearish and bullish runs in many periods as bitcoin. But Bitcoin’s price alone is not the factor on which Tron’s price depends. Other factors such as a partnership with big giants, the coin’s popularity, and sudden market trends also affected the past prices of TRON.

Between August and November 2019, the price of TRON decreased further to between 1 and 2 cents. Following a challenging time, thanks to the PR campaigns and the integration of the Bit Torrent token TRX increased again. In January 2019 the price of TRON exceeded a $0.27 high, but it eventually fell. Today is traded at a value of $0.02802.

Looking forward to next year, the prices of TRON are certainly higher, as the project is growing. According to the prediction by Wallet Investor, It forecasts that a $0.05-$0.08 price can be predicted in mid-2021 and that a high increase in the price from $0.21-$0.30 is forecast by the end of December 2021. The prices will remain pretty much the same through 2020. Analysts are predicting that if the bull move happened somewhere at the end of 2020, the prices are expected to exceed above $0.34-$0.41.

TRX’s price will boost in 2020 according to the TradingBeasts price forecast. The present TRX coin rate is $0.02802, but TRON could average $0.0427285 by the end of 2022. But the prediction is very stable for the coming years, and the TRX exchange rate is expected to range from $0.0464246 to $0.0483635.

The price boosting will continue for the year 2024. According to their predictions, the prices are forecasted to be in the range of $0.0653120 to $ 0.0676992. These prediction rates from TradingBeasts are quite straightforward and reasonable.

The price predictions depend upon the rollout of the coin in the market. As more and more investors are willing to accommodate the currency, there are chances that it will become more valuable in the coming years. Talking about investment purposes, TRON is the finest option if you’re looking for long term investment opportunities. The low graph rate is total to the extent that it’s ignorable. The market forecast shows that TRON (TRX) will rise with a long-term investment commitment of 1325.58% over the next 5 years. The coin is predicted to hit a price of $0.54-$0.60 by 2023.

The coin has a larger fan base and supporters who are constantly thriving for the betterment of this TRON (TRX). The founder of TRON himself a crypto enthusiast and believes in continuous innovation of the coin. It might be the best option for long run investments as the group has linked with high profile organizations from all around the world. By the end of 2025, TRON is expected to b traded at a value of $0.76.

In the meantime or next 4 to 5 years, the adoption rate might get higher than the rate today. The accessibility rate might go high as compared to other cryptocurrencies. So by the end of 2030, it is predicted that TRON will reach as high as $1. But this prediction will only be possible if the market will go through a bull or bearish run and how volatile the market is.

The Coinliker forecasting service promises up to $0.55 per token in 5 years which is the most ambitious potential prediction for TRON. TRON is a really good cryptocurrency with tremendous promise growth, according to them. The TRX’s price will grow as the adoption rate will increase.

Released in 2017, TRON is a fairly young crypto coin in the market. The coin has seen many price dynamics since its launch. Here are some facts that we think are reasonable to make decisions for yourself.

TRON is the most stealing and popular digital coin right now. Thankfully, there are some renowned names in the exchange that are supporting TRON. One of the easy ways to buy TRON is through exchange. Binance, Etoro, and Poloniex are some of the big names in the industry.

In terms of the market cap, Binance is leading the way. The exchange offers trading pairs with other renowned crypto coins. You cannot directly buy TRX from the exchange. You have to buy a third party coin and then you can trade that coin with TRX. You can make the transaction with your debit or credit card easily

There are many ways to store your coins. Each way has its own merits and demerits. The type of wallet makes a lot of difference. If you’re planning on making a small investment then mobile wallets will be the best suite for you. But:

If you are planning on holding a large lump sum of money then the best choice is hardware wallets. Hardware wallets provide the best security protocols in the industry. They are never hacked or compromised. The devices are expensive but they are reliable, portable, and provides premium security features.

Considering the long-term investment, it might be possible that TRON will perform much better. The coin has the potential to make a place for itself in the market.

The coming years will be more fluctuating than it ever been for TRON. If we look 10 years form, by 2030 it is expected that TRON will be traded as nearly as $1. The market is volatile right now and it the performing well.

If you’re thinking of investing in digital currencies, TRON might be the best option for you. The coin can be a profitable investment in the long run. And it is expected to reach $1 in the coming years.

If you have known TRON from the begging of its launch, then you must know its evolution of how the currency has performed in the last years. It was the most popular Blockchain project that builds initially build on Ethereum. Launching its Blockchain was the turning point. Soon after the currency started falling and was replaced with new coins such as Tezos and stellar. The coin has a decent future ahead and is expected to grow as we have discussed above. There were some lows in the past but the highs were dominating.

All of this, and still TRON is holding the 20th position on the coinmarketcap. The coin is and always meant to be on the trending list of the crypto market. It is hoped that this trend will bring another bullish to the TRON. Want to add something to the blog? Let’s discuss this in the comment section below.

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TRON (CURRENCY:TRX) traded down 3.2% against the dollar during the 1-day period ending at 8:00 AM Eastern on December 30th. During the last week, TRON has traded 1.3% lower against the dollar. TRON has a market cap of $1.94 billion and $1.08 billion worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be bought for $0.0270 or 0.00000097 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

TRON Coin Profile

TRON (CRYPTO:TRX) is a distributed proof-of-stake (dPOS) coin that uses the

Delegated Proof-of-Stake

TRON Coin Trading

TRON can be bought or sold on the following cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the aforementioned exchanges.

TRON Foundation has announced that with the help of BitGo, a cryptocurrency custodian, the TRON blockchain now supports Wrapped Bitcoin (WBTC) and the newly minted Wrapped Ether (WETH) on its network as TRC20 tokens.

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According to an announcement, the extension of supported assets on the blockchain will allow merchants to tokenize their assets by minting WBTC and WETH. Users will be able to use their bitcoins or ethers in decentralized applications (dApps) of the TRON ecosystem.

TRON Founder, Justin Sun, claims the partnership will cultivate an ecosystem for its users to access their favorite cryptocurrencies with financial mechanisms and high liquidity.

Last year, BitTorrent Inc., the leader in peer-to-peer protocols and products, announced that the BitTorrent file system (BTFS) would serve as the storage solution for running TRON Network nodes. With BitTorrent, TRON wants to solve disadvantages of traditional file storage systems such as centralized trust, concentrated authority, high cost, inflexibility and low tolerance.

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Thanks to its overwhelming dominance and market share, Bitcoin’s performance on the charts is bound to affect the performance of the market’s altcoins. At press time, the king coin was trading at $34,811 with a trading volume of 40.5 billion.

BTC’s insistence on consolidating below the $37,000-mark for most of the week pinched most of the bullish momentum in the crypto-market, owing to which, many alts were quick to register corrections. However, this wasn’t uniform across the board, with altcoins such as Tron, Polkadot, and VeChain reacting differently to the general market sentiment.

Tron [TRX]

Once one of the regulars in the crypto-market’s top-10, Tron [TRX] was languishing all the way down in the 19th spot, at the time of writing. Like most alts, TRX saw a spurt of bullish momentum drive its market over the past few weeks as Bitcoin and Ethereum rallied. However, the said momentum wasn’t enough for TRX to breach its rangebound movement.

At the time of writing, on the back of an 11% hike, TRX was falling on the price charts, a pattern that has been the case for a while now.

However, TRX’s technical indicators suggested that the corrections in question might stop soon. While the Bollinger Bands seemed to be closing in to underline a fall in near-term volatility, the Chaikin Money Flow was holding level at 0.10 to highlight capital inflows into the market.

Tron made headlines recently after CoinMetrics data revealed that Tether transactions on its blockchain had surpassed those on Ethereum’s for three consecutive weeks.

Polkadot [DOT]

Polkadot, the cryptocurrency ranked 4th on CoinMarketCap’s charts at press time, has enjoyed a great few weeks. Not only did its valuation surge to touch a new ATH on the charts, but so did its volume and market cap. In fact, Polkadot also overtook XRP on the aforementioned rankings. In the last week alone, DOT climbed by over 118% on the price charts.

While corrections had set in at the time of writing, DOT was continuing to hold its position near its ATH, with accompanying trade volumes solidifying its valuation.

The general bullishness in the Polkadot ecosystem was underlined by its technical indicators too while the Parabolic SAR’s dotted markers were well below the price candles, the Relative Strength Index was skirting the overbought zone on the charts.

Hoping to capitalize on Polkadot’s latest buzz, Moostake and RockX announced recently that they will be partnering to support development on the Polkadot network.

VeChain [VET]

Like Polkadot, VeChain too has been pumping on the price charts lately. In fact, just like DOT, VET also registered its ATH on the back of a hike that saw the altcoin climb by over 52%. With corrections setting in at press time, it seemed unlikely that VET would climb any further in the near-term to establish new ATHs, especially since Bitcoin and Ethereum, two cryptos it shares a close correlation with, weren’t exactly surging on the price charts.

However, VeChain’s technical indicators weren’t exactly in agreement on the subject. While the Awesome Oscillator’s histogram was beginning to flash red, the MACD line was climbing over the Signal line following a bullish crossover.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

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TRX moved within a fixed channel as momentum rested with neither the market’s bulls nor the bears. Augur looked to claw back to the $21.6-mark, but a boost from market leaders BTC and ETH might be required to make the ascension possible on the charts. Finally, MKR looked to break above $1,563 and targeted a move closer to its record high levels.

Tron revisited the $0.029-level after bouncing back from $0.027. However, the crypto’s price failed to break above its immediate resistance and traded between $0.029 and $0.031 over the past couple of days. The next few trading sessions could see the price trade back and forth between the aforementioned channel, since the indicators remained neutral and did not specify a breakout in either direction.

The Awesome Oscillator was bullish-neutral and showed a balance between the buying and selling pressure. A bullish outcome could see the index rise above the equilibrium-mark, while the price could look to target the $0.032-resistance level.

The Bollinger Bands were converging at press time and highlighted low volatility in the crypto’s price. This hinted at the possibility of TRX trading between its present channel moving forward.

Augur looked to climb back towards the $20-mark at press time as the price rose by over 3% in 24 hours. A rise above the press time resistance could confirm a bullish trend, while the price could look to target the $21.6-mark after doing so. However, a broader market rally might be required to push REP towards the aforementioned levels as the indicators were bullish-neutral on the crypto-asset moving forward.

The MACD was on the verge of a bullish crossover, but the momentum could shift either way as the bars on the histogram seesawed at the equilibrium mark.

The Chaikin Money Flow stabilized above zero and hinted that capital inflows could prevent the price from moving lower on the charts. However, it also suggested that an external impetus would be needed to boost the price beyond its upper ceiling.

After scaling to a record high of $1,999, Maker cooled down and fell below several key levels till it found support at $1,153. The price rose once again from this level, but the gains were capped at the resistance level of $1,563. However, sellers might struggle to keep the price below its current resistance as the indicators were largely bullish for MKR.

If the Stochastic RSI continues its upward trajectory into the overbought zone, the price could break above its immediate barrier and head close to record levels once again.

The Chaikin Money also confirmed the possibility of a bullish outcome as more capital was moving into the cryptocurrency.

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TL;DR Breakdown

The Tron price prediction by Patrikas suggests that the TRX price will rise towards the $0.18 mark in the long-term trade. On the 18th of January, the TRX price trades near $0.031 following a retracement after rising above $0.032.

The TRX price has been under an ascending move from the 17th of January. The cryptocurrency crossed the $0.032 mark at noon and reached a daily high of $0.032295, while the daily low for the crypto asset was $0.029677. At the time of writing, the TRX price stands at $0.0311.

The cryptocurrency’s price observed retracement towards the $0.031 mark on the 18th of January. Across the technicals, we see that the TRXUSD pair is at a strong buy. 19 out of 28 technicals show a buy indication, eight of them stand neutral and one is at a selling point. Seven out of 11 oscillators are in the neutral position, three are at the buying position while one is neutral. 16 moving averages are at the buy indication and one stands neutral.

The TRX price is headed towards the upper Bollinger band on the 1D time frame. The midline is acting as the support, with the target price near the $0.033 mark. This suggests a bullish market for the TRX/USD pair in this time frame.

Analyst Patrikas believes that the TRX price is starting an upward move towards the $0.18 mark. The analyst expects the cryptocurrency to move towards the $15 to $21 range in 2021.

The analyst marked a WXYX wave pattern on the 1W time frame. Once the cryptocurrency hits the $0.18 resistance, it should move upwards on a run towards the $5 level and the higher resistances.

An up-channel was marked inside the analyst’s main channel that suggests an upward or a downward breakout. The price traded near the channel’s midline, and a breakout here would have decided the next move for the cryptocurrency. The TRX price is currently retesting the local channel’s upper boundary before it can see further bullish activity. Important support levels for TRX/USD lie at $0.0296 and $0.0292.

Analyst Resolute expects the TRX price to go long above the $0.07 mark. Per the Tron price prediction, the cryptocurrency was accumulating between Q2 2018 and Q2 2020, and the coin has finally moved above the accumulation zone in the previous year. The 200-Day Exponential Moving Average (EMA) is acting as the support for the coin, which means that the cryptocurrency should look for an entry-level near its current trading zone with a long-term price target near $0.1.

Ethereum showed a bearish divergence and was forced to pull back to $1150 on its attempt to climb past $1300, but further gains can be expected for Ether. Tron saw steady demand from buyers that will likely help in further driving the rally, while Basic Attention Token also looked poised for a break out above $0.27.

Using the Fibonacci retracement tool for ETH’s move from a swing low at $551 to a swing high at $1291, some important levels of retracement are highlighted.

Since rising past $800, ETH bulls have been in utter control and, apart from a couple of trading sessions whose volatility saw prices swing downward by 10% or more, the ride to $1200 has been relatively smooth. Strong trading volume pointed toward market conviction.

A bearish divergence was spotted between price and momentum that saw the price fall to the $1150 level of support. The short-term dip seems to have been halted and the divergence has played out.

The Gann fan lines from TRX’s swing low at $0.0237 represent potential support and resistance lines. It can be seen that the 1:1 line did indeed act as resistance and caused TRX to retreat as low as $0.028 before moving above $0.03 once more.

The OBV showed that buying volume has been on the side of the bulls as it showed a series of higher lows. This indicated that buying pressure continued to drive the rally.

At the time of writing, the 1:1 resistance test formed a hanging man candlestick pattern and a V-top pattern. If $0.03 is flipped to support over the next few hours, another move past $0.032 is likely for TRX.

The Bollinger bands were wide open following BAT’s rapid ascend from $0.2 in early December to test resistance at $0.27. The price dipped and closed a trading session at $0.25, forming a higher low and indicating the move to the upside was likely not yet over.

The Awesome Oscillator showed that the bullish momentum was still present behind BAT, while the Stochastic RSI was in the oversold region.

Despite the pullback, BAT prices continued to stay above the 20 SMA, affirming the strong short-term bullishness.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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Justin Sun points to how the year 2020 was a year full of ups and downs.  With the CoVid-19 pandemic dealing a heavy blow to the global economy, the TRON brand is all set to bring in a new hope to the industry bringing in a new sense of vitality to the brand.

TRON is focused on becoming the next generation financial infrastructure for mankind.  With the coming of TRONBULL, the TRON mission is gaining a new symbolic meaning.  TRON is set to be the Future, unlimited.

The number of projects on the TRON ecosystem is indeed overwhelming for some new users who are looking to understand the ecosystem.

There are lot of things.  The first thing that new users understand about TRON is TRX and after that they are having to get used to a whole range of tokens in the TRON ecosystem.  There are lot of things happening at the same time in the TRON ecosystem and any user who ventures in to the ecosystem is having to think in terms of lot of things like BitTorrent, BTT, SUN, BTCTRON, DeFi JUST, TRC20 tokens, WETH and WBTC.  It just looks like the TRON foundation does not have any limitations or tradeoffs.  Almost everything available in the industry and that which is claimed to be unique in another ecosystem is added to the TRON ecosystem cocktail with a new name.

Justin Sun recently tweeted:  TRON together with BitGo, the leader in digital asset financial services, have successfully launched Wrapped Bitcoin (WBTC) & the newly minted Wrapped Ether (WETH) on TRON as TRC20 tokens.

Wrapped Bitcoin (WBTC) is pegged to Bitcoin and has over $3B worth of bitcoin in custody, while Wrapped Ether WETH is pegged to Ether.  BitGo is the sole custodian for the underlying BTC and ETH.

One of the New-Bie openly expressed, It is getting a bit confusing here. Now there is WBTC and BTCTRON on the Tron Blockchain. Not really newbie-friendly.

Someone who tried to help clarified stating, WBTC is a ERC 20 token issued on ETH. BTCTron is a TRC 20 token issued directly on Tron. Soon you will see more ERC 20 tokens on Tron.

Someone thought this is getting ridiculous and was wondering how about we wrap a wrapped BTC in a wrapped tether in a wrap. No wonder this will soon happen in TRON.  So, how does holding all of these increase the value of TRON (TRX) HODLers thinking!                                                                                                                              

The surge in cryptocurrency trading in the last three months of 2020 led to one change in the CoinDesk 20: tron (TRX) has been taken off of the list of the top crypto assets traded on verified markets while Maker’s dai (DAI) stablecoin has returned. 

Verifiable crypto volume nearly tripled in the fourth quarter of 2020, as bitcoin surged to new all-time highs. Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter, according to Nomics. 

The exception was tron. The no-fee Ethereum rival did not keep pace with other major assets and fell out of the CoinDesk 20 ranking. It was replaced by dai, the dollar-pegged stablecoin used in Maker’s decentralized finance (DeFi) network, which makes a second appearance on the list. 

The new CoinDesk 20 list is as follows.

The CoinDesk 20 is a list, not an index. Its methodology uses volume data from eight exchanges, compiled by Nomics. The eight exchanges were selected, vetted and verified by all three of a trio of studies on fake and verifiable volume, published in 2019 and 2020. They are: Bitfinex, bitFlyer, Bitstamp, Coinbase, Gemini, itBit, Kraken and Poloniex.

Last week CoinDesk announced the acquisition of TradeBlock, a provider of crypto-asset reference rates and indexes for financial institutions. This addition could result in methodology changes in the future, disclosed in advance, to improve the utility and robustness of the reference points the CoinDesk 20 provides on crypto markets.

Here’s the quarter-to-quarter percentage change in volume for each CoinDesk 20 asset, reported from these eight trusted exchanges, including both dai and tron. 

The CoinDesk 20 includes stablecoins, such as dai, which are pegged to fiat currencies because their trading volume and market cap are relevant to providing a picture of investment and trading activity in crypto markets. 

Dai rejoins stablecoins tether (USDT) and usd coin (USDC) on the CoinDesk 20 list, after a quarter’s absence. In Q3 2020, dai was pushed out of the CoinDesk 20 list, along with four other assets, in the list’s largest quarterly turnover to date. 

Here is how every asset on the new CoinDesk 20, plus tron, performed last quarter. 

The CoinDesk 20 methodology will be reviewed and revised periodically. If you have questions or comments on the method, please email them to research at coindesk.com. 

After that TRON undertakes many initiatives in recent months. This will stimulate its own DeFi sector. Justin Sun is now announcing another major initiative. TRON and BitGo have successfully issued Wrapped Bitcoin (WBTC) and Wrapped Ether (WETH).

TRON concludes a collaboration with the digital asset financial services provider in September 2020. It will launch WETH and WETH on the TRON blockchain. As part of the collaboration, BitGo is the sole custodian of the underlying BTC and ETH. This allows participating merchants to tokenize their assets by hitting Wrapped Bitcoin and Wrapped Ether.

After a few hit tests in December, nearly 100 BTC, or around $ 3.4 million, has now been issued. They are minted as TRC20 WBTC tokens by Alameda Research and CoinList. Alameda also hit 1 WETH. As Coindesk reported, the TRC20 WBTC and WETH were produced by Alameda to meet demand from over-the-counter customers and to test the new product.

Users of Enveloped Bitcoin and Enveloped Ether will be able to use BTC / ETH in a variety of new use cases in the TRON ecosystem in the future. Options should include support for stablecoin warranties. They allow trading on decentralized exchanges (DEX) and facilitate payments.

Justin Sun says this was the “start of a new era” where “the growing TRON community can finally enjoy the unlimited potential of DeFi”.

Last year, BitGo’s first tokenized Bitcoin project, ERC20 WBTC, flourished. It has been a building block of Ethereum’s DeFi boom. The token is now the 13th largest by market cap. It peaked at over 124,000 BTC hit on Ethereum in late November. It remains to be seen if TRON can repeat this success story.

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Bitcoin Cash fell by 20% over the past 24 hours but the selling volume was not as great as the buying volume that drove the rally, which is bullish for BCH in the long-term. Tron showed the likelihood of facing stiff resistance at $0.03 and was poised to lose another level of support. Algorand could drop as low as $0.38 due to the bearish pressure, although $0.39 can be expected to stall the bears.

The OBV noted quite a bullish development for BCH – the past few hours of selling saw nowhere near the amount of selling volume on BCH, in comparison to the buying volume over the past two weeks.

The OBV was still in an uptrend and, once the large-cap correction is over, BCH can be expected to move upward once more.

Until such a time, the Fibonacci retracement levels can be expected to serve as support levels. The confluence between the 38.2% level and horizontal support, both in the vicinity of $450, makes this area a strong region of support.

The Gann fan lines from $0.0237 swing low highlighted lines of potential support and resistance for TRX. The 2:1 line, alongside $0.03 and $0.0287 horizontal levels, are important to the price over the next few hours.

The RSI sank below neutral 50 to indicate bearish pressure. This presented a move beneath the 2:1 line for TRX as a likely scenario.

This means that $0.03 would become a strong region of resistance, which could push TRX to test $0.0287 and possibly cede it to the bears.

ALGO saw a double top pattern form for ALGO (white) as it was unable to push past resistance at $0.5. The valley of the pattern sat at $0.43, and the price moved with strong momentum beneath this mark.

The pattern projects a target of $0.38 over the next few trading sessions, and it is possible that heightened selling pressure would push ALGO back beneath the $0.375 level it broke out of recently.

The MACD showed strong bearish pressure as it moved beneath the zero line. The $0.39 level can offer some support to ALGO but is likely to be lost to the bears soon. Whether the bulls can mount a recovery quickly remains to be seen.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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Justin Sun is one of the most prominent members of the crypto community. His crypto story started in 2012, when Justin worked on some of the the earliest projects in the space before building Tron (TRX). Justin’s previous experience gives him unique insight into every major trend occurring in 2021, and has Justin poised to make Tron a major player in the DeFi space and beyond.

Scott Melker and Justin Sun further discuss working for Ripple in 2012, graduating from UPenn, the pre-Tron days, solving the scalability problem, building Tron, 2017 ICOs, paper Bitcoin, learning from Jack Ma, dot-com and crypto bubbles, the digital Yuan, North Korea, the future of Tron and more.

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Enterprise-focused blockchain platform Cypherium was just listed as a preferred startup under Société Générale’s Startup Flow — an initiative that helps promising new firms to grow and unlock their full potential. Cypherium builds scalable, permissionless hybrid blockchain systems that are designed to support billions of users, and enable interoperability between a wide variety of Central Bank Digital Currencies (CBDC). With a large number of central banks now in the process of developing and testing their own CBDC, Cypherium is looking to position itself as a key facilitator towards realizing the CBDC revolution. Cypherium is leading the push to enable interoperability between central bank digital currencies. (Image: Cypherium) By joining Société Générale Startup Flow as a preferred startup, Cypherium will gain access to over 30 innovation leaders, allowing the platform to forge new partnerships, gain new insights, and continue its push to position its trusted database technology as the solution to CBDC interconnectivity and security. French multinational investment bank Société Générale, or simply ‘SocGen’, recently made headlines after it became the first bank to settle a transaction using a CBDC. Back in May, Société Générale issued €40 million of covered bonds as security tokens on a public blockchain. These bonds were paid for by Société Générale with a digital form of the Euro issued by Banque de France — demonstrating the capacity for a CBDC to quickly and securely settle digitized securities. Société Générale was also among eight firms selected by Banque de France to help test the potential applications of central bank digital currencies, including improving the executing for cross-border payments, and how CBDC units are issued and distributed. “Société Générale is a leader among European banks in its willingness to experiment with CBDC models and we’re looking forward to a fruitful phase of world class banking innovation,” said Sky Guo, CEO at Cypherium. “We’re honoured to be listed on Société Générale’s Startup-Flow and to be innovating alongside equally disruptive startups specialising in areas such as open banking, payment/e-commerce, credit/real estate, Insurtech, cybersecurity/Regtech, capital markets, blockchain/crypto assets, wealth management and more.” Cypherium’s enterprise-ready blockchain platform is capable of processing up to 10,000 transactions per second, putting it roughly on-par with VisaNet — the electronic payment system that underlies Visa. Thanks to its blockchain backbone, Cypherium provides banking institutions with significant privacy and security benefits compared to the traditional banking infrastructure and can be used to bridge the gap between banks and the emerging world of digital currencies. Disclaimer: This is a contributed article and should not be taken as investment advice.

Former Federal Reserve Chair Janet Yellen highlighted the “growing concern” of crypto being leveraged to finance terror just weeks after the US Capitol came under attack from domestic terrorists.

President-elect Joe Biden has named former Fed Chair Janet Yellen to lead the United States Treasury Department when his administration formally takes office, which is expected to occur later today.

Yellen said that the United States needs to examine how it can curtail the use of crypto for illicit financing.

The former Fed Chair’s remarks come just two weeks after a mob of domestic terrorists stormed the US Capitol Hill building allegedly in an attempt to overturn the defeat of President Donald Trump in the recently concluded presidential elections.

While the mob allegedly stormed the Capitol building in an attempt to disrupt the Electoral college vote count by a joint session of Congress and prevent the formalization of president-elect Joe Biden’s election victory—new evidence has come to light indicating these violent protestors had been paid in Bitcoin.

Janet Yellen Concern Over Crypto Illicit Financing

The incoming Secretary of the Treasury, Yellen made the comments during her Senate confirmation hearing in response to a question from Sen. Maggie Hassan (D-NH) who asked about the potential for cryptocurrency to be leveraged in financing criminal and terrorist activities.

Yellen answered:

The former Fed Chair added:

“I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels.”

Attacks on the Capitol Paid in BTC

Investigations of the US Capitol Hill riot indicate that payments to the domestic terrorists were made in Bitcoin from a French donor who went by the pseudonym “pankkake”.

The BTC transferred to the violent protestors was worth over $500,000 (around 28.15 Bitcoins) and distributed to 22 different digital wallets. Most of the recipient addresses belonged to internet personalities and far-right activists, and the payments were made right before the storming of Capitol Hill.

A report reveals that the French donor left a suicide note a day after he transferred the donations to the right-wing activists and organizations. However, it is yet to be established if the French computer programmer is dead or still alive. The report shows that the mystery donor left the suicide note on a personal blog a day after he transferred the Bitcoin donations.

In the suicide note, “pankkake”, revealed that his health difficulties caused him to take such extreme actions. He further stated that he had "bequeathed [his] fortune to certain causes and certain people." In other sections of his blog, the donor talked about the collapse of the “Western civilization,” that made him hate his heritage and ancestors. The anonymous donor wrote:

"I care about what happens after my death. That's why I decided to leave my modest wealth to certain causes and people."

Chainalysis blockchain and cryptocurrency analysis firm conducted investigations into the Bitcoin transfer and identified that Trump supporter and internet personality Nick Fuentes was the largest beneficiary of the donations. He obtained 13.5 Bitcoin worth around $250,000.

Chainalysis said that it cannot be determined for sure whether the funds from the French donor assisted in financing the US Capitol Hill riot. However, Acting US attorney, Michael Sherwin, stated that the investigation into the matter has so far rendered it as unprecedented, with prosecutors treating the case as a counterintelligence or counterterrorism investigation.

Christine Lagarde was unequivocal in her criticism. She stated:

“For those who had assumed it might turn into a currency — terribly sorry, but this is a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity.”

Despite the claims of Janet Yellen and ECB President Lagarde, a SWIFT report published last year in September entitled "Follow the Money" revealed that money laundering via cryptocurrencies is not a preferred tool for criminals.

The report highlighted that traditional methods like cash mules, cash businesses, and drug trade remain at the forefront of laundering activites, and criminals are still using cash over crypto in these activities at a ratio of 800:1.

The SWIFT report, however, did find that the use of cryptocurrency for laundering stolen bank funds will rise in the future and privacy coins and online marketplaces are an upcoming threat.

Per the report:

“Favorable factors include the growing number of altcoins (alternative cryptocurrencies) that have recently launched and which focus on providing full transaction anonymity,” it noted. However, private cryptocurrencies and online marketplaces are an upcoming threat."

President-elect Joe Biden will officially take office tomorrow and Janet Yellen is anticipated to be the new United States Secretary of the Treasury.