Tag: Tron

Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report

TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries. According to a Reuters report, this development has opened a new front in Israel’s battle against the funding of alleged Iranian-backed militant groups. Tron Wallets Targeted In Israeli Seizures According to the report, a comprehensive analysis of crypto seizures announced by Israeli security services since 2021 highlights a significant increase in targeting TRON…

Hamas, Hezbollah Now Prefer Tron to Bitcoin for Crypto Transfers: Reuters

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TRON Appears at Center of Militant Financing in Israel-Hamas War

Israeli security agencies note that the Tron network has become the preferred platform for crypto transfers by militant groups linked to Palestine, Hamas, etc. In Israel’s ongoing battle against the financing of Iran-backed militant groups such as Hamas and Hezbollah, a previously less scrutinized crypto network Tron has emerged as a significant player. Surpassing Bitcoin in terms of transaction speed and cost-effectiveness, the Tron network has become the preferred platform for crypto transfers associated with organizations designated as terror groups by Israel, the United States, and other nations. Interviews with…

TRON targeting top 10 spot, could flip Dogecoin

TRON (TRX) has been volatile. As it eyes a spot in the top 10, a key question emerges: can it flip Dogecoin (DOGE)? Tron and Dogecoin: current market dynamics Tron trades at $0.103074, with a market capitalization of approximately $9.14 billion, 10th in rankings.  In contrast, Dogecoin, with its market cap of $11.75 billion and a trading price of $0.082837, sits a notch higher at ninth.  TRON’s ecosystem has seen growth due to recent developments.  The introduction of USDD, an algorithmic stablecoin, by the TRON DAO, supported by protocols such as SunSwap,…

Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

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Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in particular. In the letter signed by CfA executive director Michelle Kuppersmith, it is alleged that USD Coin (USDC) issuer Circle has extensive ties to both Justin Sun’s Tron Foundation (TRX) and major Wall Street investors such as Goldman Sachs, Bank of New York Mellon…

Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist

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Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex for $125 million in crypto. Sun, who acquired Poloniex in 2019, says that the hacker has a week to accept the offer and return the assets to the wallets he took them from, otherwise, law enforcement will have to get involved. “We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you seven days to consider…

Cardano TVL outpaces Bitcoin’s, new token surging as Tether injects 1B USDT into Tron

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According to recent news, Cardano’s total value locked (TVL) surged, surpassing Bitcoin’s. Also, Tether has increased its USDT reserve on Tron with an additional 1 billion USDT. Meanwhile, a new project, Everlodge, continues to gain traction. Cardano TVL overtakes Bitcoin In Q3 2023, the Cardano ecosystem experienced rapid expansion, attributed to heightened developer activity and a positive market sentiment.  Cardano’s Total Value Locked (TVL) surged to $240 million, securing its position as the 11th most active blockchain. This spike also saw the project’s TVL rise to an all-time high.  The…

Dogecoin shaky while Tron uptrend continues, Everlodge buyers bullish

This article examines three emerging crypto trends. Tron (TRX) and Dogecoin (DOGE) have been on an uptrend. Meanwhile, Everlodge (ELDG), a new web3 project, has been attracting investors.  Tron’s uptrend continues Tron has been performing well despite the current bear market.  According to a recent report, the network processed over 6.5 billion transactions. Meanwhile, its total value locked (TVL) is up by 2.23%, reaching an all-time high of $6.75 billion.  This expansion has driven TRX prices. With a market cap of $7.9 billion, the coin is up 9% in the…

Slope Wallet hacker bridged funds to TRON, cashed out through OTCs

Blockchain sleuth ZachXBT says Slope Wallet founder Leal Cheung created a new project immediately after the hack. Victims of Slope Wallet hack, which suffered a $4 million loss in August 2022, are “unlikely” to see anything returned given that the team behind the project took no responsibility. A well-known blockchain investigator ZachXBT wrote in an X thread on Oct. 11, that the hacker successfully transferred the stolen crypto from Solana to Ethereum through “Binance nested exchanges.” Later, the bad actor laundered the funds through Tornado Cash, a sanctioned crypto mixer…