Roundup – 19/10/2018 – Did Tron mislead its users regarding Baidu partnership? & more

Did Tron mislead its users and investors by claiming partnership with Baidu?

Yesterday, Tron announced that it scored a partnership with Baidu. Justin Sun, the founder of Tron announced beforehand that Tron has ‘finally’ a partnership with an industry giant. However, it turned out that Tron is just using and buying services of Baidu. Apparently, there has been no contact at the business level between the two companies. As of now, there is no official statement of Justin Sun or the Tron management about these allegations. Tron and especially Justin Sun had to face many accusations of unprofessional behavior in the past.

Qtum and Amazon Web Service – a real partnership

While Tron has eventually misled its users regarding the partnership with Baidu, Qtum has inked a real partnership with Amazon. Qtum has inked a partnership with Amazon Web Service, a Chinese section of the global giant. Qtum provides its blockchain to Amazon Machine Image. Users of the new service can create their own smart contracts and Dapps in a user-friendly and cost-efficient way. Amazon as a whole is the largest cloud service provider in the world.

Maduro: misleading statement regarding the listing of Petro

Another misleading statement in the crypto space came from Nicolas Maduro. In a press conference earlier this month, he said that six of the most important exchanges will list Petro. Today the Venezuelan government announced that Petro will trade on six rather unknown exchanges. The exchanges are Cave Blockchain (caveblockchain.com), Bancar (bancarexchange.io), Cryptia (cryptiaexchange.com), Amberes Coin (amberescoin.com), Afx Trade (afx.trade), and Criptolago (criptolago.com.ve).

Canaan To Introduce A New Cryptocurrency Miner

Competition in the production of Crypto mining devices is expected to increase after Canaan Creative recently announced plans to launch a new miner. The decision to introduce the new mining rig with more features may see the second largest manufacturer of these devices become the largest in the industry. Other companies in the sector have recently been announcing new products.

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Genesis Global Trading Has Processed More than $500 Billion Loans in the Last 6 Months

Genesis Global Trading, an institutional cryptocurrency over-the-counter broker has revealed that in the last six months it has managed to process $500 billion dollars in loans. As reported by Coin Telegraph, the company has been providing digital asset lending services since March this year. On Thursday, October 18th, 2018, the company also revealed that its current order book has $130 million in outstanding loans. The team also said that the figure has been increasing steadily since the inception of the company. Total cash flow of all supported digital assets has surpassed the $553 million mark.

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