Tron Founder Justin Sun Admits Investment in Crypto Exchange Poloniex

Tron (TRX) founder Justin Sun admitted to being one of the investors that recently acquired cryptocurrency exchange Poloniex from financial technology firm Circle. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation. In October, Sun refuted reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. Following the acquisition, Poloniex spun out from…

Bitcoin And Crypto Market Facing Hurdles: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is currently correcting higher towards the $240.0B resistance. Stellar (XLM) price is performing nicely and it is up more than 5% above the $0.0750 resistance. Bitcoin cash price is likely to break the $300 resistance area in the near term. Tron (TRX) price is facing hurdles near the key $0.0200 resistance area. Cardano (ADA) price is consolidating below the key $0.0450 and $0.0465 resistance levels. The crypto market cap and bitcoin (BTC) are correcting higher. Ethereum, BCH, ripple, stellar (XLM), EOS, TRX, and cardano (ADA)…

Bitcoin And Crypto Market Could Rise Steadily: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is holding a key support near the $240.0B and $238.0B levels. Stellar (XLM) price surged in the past few days and settled above the $0.0800 resistance. Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area. Tron (TRX) price is currently correcting lower and it is approaching the $0.0195 support. Cardano (ADA) price is slowly rising and it could soon test the $0.0460 and $0.0475 resistances. The crypto market cap and bitcoin (BTC) are rising steadily. Ethereum, BCH, ripple,…

Tron Network Total Accounts Pass 4 Million After Samsung Partnership

The total number of accounts generated on blockchain network Tron has exceeded 4 million, its CEO has said.  4 million active users? In a tweet on Nov. 4, monitoring resource TRONSCAN announced that the network’s total account tally was now 4.015 million, a figure which Justin Sun subsequently broadcast. The numbers do not distinguish whether an account is in use or dormant, and in the case of the latter, whether the inactivity is likely permanent. For Bitcoin (BTC), different resources measuring active accounts produce varying results. According to Blockchain, there…

Samsung Integrates Tron and Mobile-Compatible DApp Building Tools

South Korean technology conglomerate Samsung has integrated Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore. According to a release note published on Oct. 29 to the Samsung Developers website, Samsung Blockchain Keystore SDK v1.2.0 now includes APIs that support TRX transactions. Justin Sun’s social media ploy Samsung has revealed it is today announcing its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019. The new SDK will reportedly tackle the two-fold challenge of bolstering security and building mobile-compatible DApps. As commentators have been swift to claim,…

Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment

China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year.  China: Blockchain must be legitimate In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource cnLedger reported on Oct. 28.  Chinese officials and president Xi Jinping caused a stir late last week after the latter gave a speech condoning blockchain. China, he said, would become the world’s foremost proponent of the technology and would…

TRON Will Partner With $100B ‘Mega Corporation’ Next Week

Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.” “Make a guess?” Sun, the master of hype and CEO of Tron, took to Twitter on Oct. 25 where he made one of his infamous announcements in order to excite his followers with a message that barely contains enough details to even describe what the announcement could be about. This time around, Sun started off by saying that Tron will be partnering with a corporation that would seem to be valued at somewhere…

Nearly 12% of All Tether Is Now on Tron After $100M Chain Swap

The amount of Tether (USDT) tokens issued on the Tron (TRX) blockchain now accounts for nearly 12% of all USDT tokens. 350 million to 450 million in one day Launched in mid-April 2019, TRC20-based USDT has hit a total supply of over 490 million tokens on Oct. 25, which now makes up almost 12% of the 4.1 million Tether tokens currently in circulation, according to data on Tronscan. TRC20-based USDT on Tronscan The new total supply milestone resulted following the addition of 100 million new TRC20-based USDT tokens, as the…

“I’m not buying anything,” says Tron CEO Amid Reports of Poloniex Acquisition

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct.…

BitGo to Provide Institutional-Grade Custody and Wallets for Tron

Digital asset financial services firm BitGo has announced that it will provide institutional-grade custody and wallets for Tron (TRX) starting on Nov. 8. According to the official announcement published on Oct. 14, BitGo has been working closely with Tron “to develop the first TRX institutional-grade wallet and custody offerings that provide on-chain, multi-sig security.” The post reads: “TRON came to us because of our reputation for delivering secure and compliant solutions designed for institutional investors. […] Multi-sig has been openly reviewed and tested by the security community. It works with…