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TRON Users Demand Justin Sun To Explain The Platform’s Use Cases

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The TRON users demand Justin Sun to explain the platform’s use cases as they have to make sense of the statistics because we often get updates on the performance. What we see is the number changing but many of the users are not able to make sense of the stats. Let’s find out more in the Tron news below.

Justin Sun
Justin Sun

The TRON users demand to know the use cases for Tron so they can understand the bigger picture. Justin Sun tweeted:

 “Take a look at statistics changed from May 29 to June 11 according to @TRONSCAN_ORG.  Total accounts on #TRON exceeded 6.2M.  Total transactions reached 1.02 Billion.  Blockheight exceeded 20.5M.  Circulation of TRC20-USDT exceeded 2.6B.”

Sydney Ifergan also commented:

“The account counting by TRON (TRX) shows improved numbers each time and we do not know what makes all of it.  Yes the use cases.  What makes TRON useful.  Puzzling indeed.”

The in-depth cooperation in terms of fees between TRON and Poloniex already occurred. They have started their brand with a new tiered fee schedule. A few other investors are worried about nothing improving with TRON and therefore they believe they are selling their TRX coins. Practical reality shows that there needs to be something that we can use to scale whether something is worth the investment or not. So, what backs the value of TRX, and what are its use-cases?

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TRON Foundation tweeted as a response to the ones wondering:

 “We TRON donated a week’s worth of meals to SF General Hospital. This is a small token of our appreciation for those risking their lives for others on the frontlines. How are you giving back during these times?”

All of the good investors believe that one day their TRX investment will pay off. Something should really change for the better in order to boost efficiency and to push true adoption with improved trust as well. The question for the real projects behind Tron remains unanswered. The TRX trading volume is high but watching it closely it is clear that there is no price action at all and no movement. Any asset with as much trading volume should be filled with action. What will happen to TRON remains to be seen as the platform does get a lot of attention and many people are still supporting it.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/tron-news/tron-users-demand-justin-sun-to-explain-the-platforms-use-cases/

Payments

ālea iacta est… PayPal crosses over to Bitcoin

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When Julius Caesar crossed the Rubicon, he uttered the famous phrase ālea iacta est (“the die has been cast”). On the October 21st, we had one of those moments and passed the point of no return. PayPal, one of the biggest payment companies in the world, with a market cap of $240 billion, 346 million users and 26 million merchants will soon allow its customers in the  US to buy, sell and HODL Bitcoin, Bitcoin Cash, Ethereum and Litecoin. In a press release the company announced that its new cryptocurrency service will be available in the US. in the coming weeks and by early 2021 customers will be able to use crypto to shop with its network of 26 million retailers. PayPal is offering this service to its US customers, then plans to add more geographies and features over time. PayPal also plans to expand the service to Venmo, its peer-to-peer payment app popular with younger consumers, by the first half of next year. While the announcement is cause for excitement, there is one big problem with the new service. PayPal users won’t be able transfer their cryptocurrency into or out of PayPal, nor will users have control of the private keys. PayPal is not alone here, Robinhood, Revolut and eToro are all in the same boat when it comes to crypto ownership. While there are many places to buy crypto which and keep ownership of the coins, there is no question that the announcement of PayPal’s crypto service is huge piece of news and has the potential to bring millions and millions of new users to crypto world and propel Bitcoin’s usage beyond speculation.

Ilias Louis Hatzis is the founder and CEO at Kryptonio, a bitcoin and cryptocurrency “keyless” wallet, that lets users manage bitcoin and crypto, without private keys or passwords.

PayPal’s foray into crypto, is a strong bullish sign for Bitcoin and other cryptocurrencies. For the last 20 years, PayPal has built an enormous user base and has helped millions of individuals and businesses send and receive money. The 350 million people that already use PayPal, trust it with their money. With its recent move, PayPal adds adds a level of credibility and trust to Bitcoin and crypto.

Bitcoin’s price
As you can imagine, Bitcoin’s price went up more than $1,000 on Wednesday after PayPal’s announcement, shooting up to $12,800, far above the previous high in July 2019. Since the announcement, CoinMarketCap.com shows that Bitcoin went all the way past $13k.

Other services
Other fintech companies, such as mobile payments provider Square, stock trading app Robinhood, neobank Revolut, and social trading brokerage eToro already allow users to buy and sell cryptocurrencies. All have had a huge boost in user growth and revenue because of their crypto offerings.

PayPal’s and crypto offering is similar to what its rivals are providing. For now Square is the only one that allows Bitcoin withdrawals, while RobinHood and Revolut are still not there. All of them have made millions in revenue though their cryptocurrency services, which is probably one of the motivations behind PayPal’s decision.

In the second quarter of this year, Square reported a huge increase in bitcoin revenue, generating $875 million, a 600% increase from the year before. For Revolut, cryptocurrencies was the most viral product it has launched to-date. The impact of cryptocurrencies was enormous, resulting in a huge growth in user acquisition and paving the way for a $500 million round in February, valuing the company at $5.5 billion.

Merchant angle
In the second quarter of this year, PayPal processed $222 billion in payments and the big question for PayPal’s crypto service will be if users will use it to pay merchants for goods and services.

Cryptocurrencies’ volatility poses risks for merchants and shoppers. Also, transactions are slower and more costly than other mainstream payment systems.

With its new service, PayPal will try to address these issues. PayPal will manage the risk of price fluctuations and merchants will receive payments in fiat. When customers choose to pay via one of the four cryptocurrencies, the PayPal merchant will still receive the respective fiat amount, just like always. The merchant won’t even know in which cryptocurrency the customer used to pay. There will be no additional fees charged to the merchant for accepting and receiving cryptocurrency.

In effect, cryptocurrency simply becomes another funding source inside the PayPal digital wallet, adding enhanced utility to cryptocurrency holders, while addressing volatility, cost and the speed of cryptocurrency transactions. PayPal becomes a “second layer” that uses Bitcoin, but does not use blockchain. Most likely PayPal will hold a supply of digital assets and when user pay an online merchant, the transaction will not take place on the blockchain, but only in PayPal’s database.

Importance of PayPal’s decision

In the past, PayPal was not supportive of cryptocurrencies, actually it was anti-crypto. In 2018, Bill Harris, its previous CEO, called Bitcoin “the greatest scam ever”.

A lot has happened since. Bitcoin started a bull market cycle again, even exceeding $13,000 in June 2019. The launch of the Facebook Libra in that same month also changed a lot of things. PayPal was one of the founding members of the Libra association, before leaving the project under pressure from US. authorities. Now it has found itself changing its narrative and going in the other direction.

This is undoubtedly a turning point for Bitcoin and other cryptocurrencies. PayPal decision to enter the crypto market is noteworthy, because of its size. For the first time, a company of this size allows its users to hold and use cryptocurrencies through its application. There’s no comparison in the potential exposure for bitcoin and cryptocurrencies, between PayPal’s offering and that of any other company in the past. This is probably the biggest step in the spread of digital assets, since the birth of Bitcoin. Not only will PayPal bring 346 million users, but also 26 million merchants who will now have the ability to offer Bitcoin as a payment method. Even if 1% of its users decided to purchase cryptocurrencies, that would mean another 3 million new users. PayPal has the potential to scale cryptocurrencies to hundreds of millions in transactions everyday.

Overall this news is important, verifies that Bitcoin is here to stay, will help build more awareness and trust with the general public, but there is also some risks here.

When I first heard of bitcoin, my first thought was “I already have a PayPal account to buy things online, why do I need bitcoin”? At the time, I failed to understand that bitcoin was a currency, not just a transfer protocol. I failed to understand you can store bitcoin long term.

Now, the same will happen with all the new Bitcoin users that PayPal brings to the market. Yes, they will buy and sell cryptocurrencies and we’ll see more transactions, but they will lack the knowledge of that they can really do with cryptocurrencies. Keeping them locked in to their platform, PayPal will give them a false perception of how Bitcoin works.

Some, will research and realize that there are other alternatives, and that you actually can own your bitcoin. But, the majority will remain content with PayPal’s offering, due to their inherent trust in the platform and that PayPal must know what’s best for them.

The race for Bitcoin has started, corporations are investing huge sums in Bitcoin we are seeing major companies changing their stance, from sworn enemies to frenemies. PayPal’s announcement will drive millions of people to the world of cryptocurrencies, will help make cryptocurrencies mainstream, publicly accepted and widely adopted.

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Source: https://dailyfintech.com/2020/10/26/alea-iacta-est-paypal-crosses-over-to-bitcoin/

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Esports

Shanghai Dragons parts ways with 5 players including Geguri and Diem

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Despite having a successful 2020 Overwatch League season, the Shanghai Dragons has begun their off-season with a dramatic roster shake-up.

The team has today announced that five of their players will not have their contracts renewed for 2021, these players being Lu “Diya” Weida, Kim “Geguri” Se-yeon, Bae “Diem” Min-seong, Yang “Luffy” Seong-hyeon and Yang “DDing” Jin-hyeok.

This announcement comes as a bit of a surprise, seeing as though the Dragons were perhaps the single most dominant Overwatch team throughout most of 2020. Shanghai won two out of the three monthly side tournaments, finished with a winning 27-2 record in regular-season games to cruise to an almost uncontested regular-season title and capped it all off by qualifying as the region’s first seed going into OWL’s Grand Final Playoffs.

However, these players that are being let go have not been up to snuff according to the team’s coaching staff and as a result, didn’t see very much playtime throughout last season. With such a large roster, despite their regular-season success, perhaps the culling of this unused talent can make way for a more fresh and hungry group of players that can actually challenge for those starting spots.

According to the statement by the Dragons’ General Manager Van Yang that accompanied the announcement of these players being released, he “fully understands and respects their desire for more opportunities in matches,” and is quite sure they “will be able to have great performances in OWL.”

Diya, despite playing primarily for the academy team rather than the first string squad, was the only remaining Chinese representation on the roster. They now have just seven players contracted, all of them being Korean.

After cutting five players, the Dragons have plenty of space to sign new talent in the coming weeks and months before the 2021 Overwatch League season commences.

Source: https://dotesports.com/overwatch/news/shanghai-dragons-parts-ways-with-5-players-including-geguri-and-diem

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Energy

Xinhua Silk Road : le secteur de l’énergie solaire de la Chine profitera d’une croissance accélérée dans le contexte de son objectif de carboneutralité

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« Pour atteindre son objectif de carboneutralité, la structure énergétique de la Chine doit subir des changements fondamentaux, c’est-à-dire que la part du bouquet énergétique d’énergies primaires consacrée aux énergies fossiles doit être considérablement réduite, tandis que la part consacrée aux énergies renouvelables, comme l’énergie solaire et l’énergie éolienne, est appelée à croître rapidement », a déclaré Zhou Dadi, vice-président de la China Energy Research Society, lors du Jintan Photovoltaic New Energy Development Summit.

« La Chine doit augmenter rapidement la part de sa consommation énergétique primaire consacrée aux énergies non fossiles afin d’atteindre son objectif de neutralité carbone, et notamment promouvoir la décarbonation du secteur de la production d’énergie électrique », a déclaré Liu Yiyang, secrétaire général adjoint de la China Photovoltaic Industry Association.

Toujours selon Liu Yiyang, dans cette perspective, les énergies renouvelables comme l’énergie solaire et l’énergie éolienne connaîtront à l’avenir une croissance plus rapide. Celui-ci prévoit que les nouvelles installations mises en place en Chine produiront plus de 65 GW d’énergie solaire par année de 2021 à 2025.

Selon l’administration nationale chinoise de l’énergie, les installations d’énergie photovoltaïque connectées au réseau en tenant compte de la parité des prix produiront jusqu’à 33,1 millions de kilowatts d’énergie en 2020.

Au moment où la Chine fait la promotion de projets non subventionnés dans les domaines de l’énergie éolienne et de l’énergie photovoltaïque afin de stimuler la transformation énergétique, le secteur de l’énergie solaire du pays entrera dans une ère de parité des prix avec le réseau au cours de la 14e période du plan quinquennal, a déclaré Shi Jingli. chercheur associé au centre chinois des énergies renouvelables sous la direction de l’institut de recherche énergétique de la Commission nationale de développement et de la réforme.

Toujours selon Shi Jingli, les organismes de réglementation doivent travailler à l’élaboration de politiques visant à améliorer la mise à niveau des technologies et à réduire les coûts au sein du secteur de l’énergie solaire, étant donné que les technologies efficaces et à faibles coûts sont les principaux moteurs de développement du secteur.

Lors du sommet, le Service chinois d’information économique (CEIS), une filiale de l’agence de presse Xinhua, a publié son rapport annuel sur le développement du secteur de l’énergie photovoltaïque en Chine, selon lequel l’énergie solaire deviendra une énergie concurrentielle au sein du bouquet énergétique primaire de la Chine.

Jintan, l’une des bases du secteur de l’énergie solaire en plein essor de la Chine, a attiré un grand nombre d’entreprises du secteur dont les revenus annuels dépassent, pour chacune, le milliard de yuans, et qui couvrent l’ensemble de la chaîne de production du secteur de l’énergie photovoltaïque. En 2019, le chiffre d’affaires du secteur de l’énergie solaire à Jintan s’élevait à près de 30 milliards de yuans.

Lien vers l’article original : https://en.imsilkroad.com/p/317012.html

Photo – https://mma.prnewswire.com/media/1318763/XINHUA_SILK_ROAD.jpg

SOURCE Xinhua Silk Road

Source: https://www.prnewswire.com:443/news-releases/xinhua-silk-road-le-secteur-de-l-energie-solaire-de-la-chine-profitera-d-une-croissance-acceleree-dans-le-contexte-de-son-objectif-de-carboneutralite-844458455.html

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