Tron (TRX) Added to Binance-Owned Trust Wallet

The Trust Wallet, a mobile cryptocurrency wallet that supports Ethereum’s ether along with various types of tokens and crypto collectibles, has recently added support for TRON’s TRX token.

The move, according to a Medium post, means the cryptocurrency wallet and decentralized application (DApp) browser now supports Ethereum (ETH),  GoChain (GO), TRON (TRX), VeChain (VET), Wanchain (WAN), Ethereum Classic (ETC), and the POA Network (POA).

By the end of the year, Trust Wallet is also set to add support for cryptocurrencies like bitcoin, bitcoin cash, and litecoin. The development comes shortly after Binance, the TRON Foundation, and several other cryptoasset projects launched a portal for charitable donations, the Blockchain Charity Foundation (BCF).

The Trust Wallet has earlier this year added VeChain staking support to its platform, which means VET holders are able to earn VTHO directly from their wallets. The VTHO token is also distributed to VET holders on Binance once per month.

As CryptoGlobe covered, Binance acquired the Trust Wallet back in July, in its first-ever acquisition. The wallet supports over 20,000 Ethereum-based tokens, and its features include locally storing users’ private keys, functioning as a Web 3.0 browser, and having its source code audited by experts.

At the time Binance’s CEO Changpeng Zhao noted users control 100% of their funds. He added:

Now we have both a decentralized and centralized solution for custody.

According to the cryptocurrency exchange the Trust Wallet built a “reputation for security and has held itself to the guiding principles that it will never access user wallets., hold private keys, and ask for personal information.” The acquisition saw the Trust Wallet’s team “retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance, include the broad user base and the upcoming DEX.”

Binance has been working on a decentralized cryptocurrency exchange (DEX) that’s set to enter a public beta phase by the first quarter of next year. Binance’s native BNB token is set to be used as the game behind the trading platform.

Notably, cryptocurrency acquisitions surged over 200% this year, despite the ongoing bear market. This, according to a report compiled by JMP Securities, that used data from analytics service PitchBook.

Bitcoin Whale Reportedly Risks 800 BTC for $0.01 Payout in Dogecoin

A bitcoin whale has supposedly risked a total of 800 BTC, worth around $5.8 million, to help the cryptocurrency remain at the $7,200 mark in a bid to win a bet he made on social media.

A Twitter exchange between Dogecoin supporter Samu and bitcoin whale Joe007 shows that both agreed to bet on bitcoin’s future price, with Samu agreeing to pay 5 million DOGE (around $11,000) to the whale if BTC traded above $7,100, and the whale agreeing to pay Samu the same amount if it was below $7,100 at 13:00 UTC on December 12.

The BTC whale ended up winning the bet as the price of the flagship cryptocurrency didn’t drop below the agreed-upon mark. Some of those watching the thread, however, noted that something seemed to be going on before the bet’s deadline expired.

The bet was made according to the price of the Bitfinex cryptocurrency exchange, and a trader soon alleged on social media the BTC whale could’ve placed an 800 bitcoin order to “defend” the $7,200 so the cryptocurrency’s price wouldn’t dip.

While it isn’t possible to tell whether Joe007 was the one behind the 800 BTC order, the whale seemed to warn Samu before the bet was made that he was extremely confident he was going to win, tweeting out “you really don’t want to make this bet, believe me…”

After the deadline the posts suggesting market manipulation came out so Samu said he “got revenge” on the bitcoin whale cheating, by offering to pay him only 6 DOGE, currently worth about $0.013.

The Dogecoin addresses Joe007 showed as the destination for the funds currently has little over 10,000 DOGE in it, worth close to $22. Some argued Samu should have paid the funds as no terms were defined in the bet, while others agreed with him.

Featured image via Unsplash.