Tron Plans To Acquire BiTorrent Inc.

Justin Sun, the founder of the cryptocurrency TRON, has expressed interest in acquiring BitTorrent Inc.

BitTorrent incorporated is best known for its torrent client utorrent, which has more than 100 million users.

Despite its huge number of users the company has failed to capitalize on its massive userbase as it failed to transform itself into the next billion-dollar tech giant.

With the planned acquisition of Justin Sun this may change very soon.

However, the said acquisition has not moved forward without some drama as Justin Sun has accused BitTorrent Inc. has violated some of the terms of the agreements.

Things have settled down a bit as Bittorrent inc. has confirmed Justin Sun’s acquisition interest and added that is is not 100% finalized yet.

Czech Energy Company Accepts Crypto And Will Initiate Crypto Crowdfunding

A gas and energy company in Czechoslovakia, Pražská plynárenská, is planning accept cryptocurrencies as payment for their services as well as start an initiatve to crowdfund energy projects in and around Prague with cryptocurrency.

With a new investment platform the company will enable interested parties to contribute bot in Czech koruna and digital currency.

The chairman of the company, Pavel Janecek states that they want to attract younger generation customers and not to be perceived as “old dysfunctional moths.”

The company estimates that they will be able to release an operational payment portal as soon as June.

The companies move seems to be aligned with the general sentiment of the government as the Czech National bank states that cryptocurrencies like bitcoin do not pose a threat to the conventional banking system.

Payments made in cryptocurrencies will immediately be converted to fiat as the company revealed that it does not speculate in the development of cryptocurrencies.

World’s Largest Diamond Retailer Will Use Blockchain

The World’s largest diamond retailer, Signet Jewelers, has revealed that it will be joining a Blockchain initiative called Tracr to ensure that the products they will sell are conflict free.

By joining the this Blockchain-powered initiative Signet will be able to provide additional input from the retail side of the project and will focus on tracking the diamond jewelry instead of the diamond themselves.

The main aim of this initiative is to create a digital certificate for every diamond registered on the platform enabling consumers to check the authenticity, origin and if the diamond are conflict-free.

It has been reported by the De Beers, the main proponent of the project, that it has been able to successfully monitor 100 diamonds throughout its whole supply chain.

Coinbase Getting In to Decentralized Exchange business

Cryptocurrency startup giant Coinbase is getting in to Decentralized Exchange (DEX) business with its acquisition of Paradex Exchange.

Paradex is a peer-to-peer exchange that enables its users to exchange digital assets without ever losing custody of their digital assets.

Coinbase has expressed supporting additional cryptocurrencies in the past but has been very careful on what they release in their platform.

This is due to regulatory concerns in which some digital assets are viewed as securities. With this acquisition Coinbase will provide access to Paradex services which mainly offers ERC20 tokens which some can be labeled as securities and thus should comply by US securities laws.

Multiversum, NEM And ProximaX

A partnership was inked between Multiversum, NEM and ProximaX after the Consensus 2018 in New York this month.

The agreement was signed by Mr. Lon Wong of ProximaX, Mr. Nelson Varelo of NEM and Mr Andrea Taini of Multiversum.

They plan to develop a set of tools that can be integrated to a sort of decentralized operating system. A system that would be able to address decentralization applications needs.

Multiversum will provide a decentralized database, ProximaX will provide decentralized data storage and NEM will provide the integration tool that will put together all this capabilities.

This perfect example of different Blockchain initiative working together and leveraging each other’s specialties and capabilities to bring out a better, more capable and secure Blockchain decentralized application.

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