Tag: Tron

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure – Bitcoin News

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According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US Reveals Spell and Tron Deslisting Binance US announced that it plans to delist the cryptocurrency assets tron (TRX) and spell (SPELL) on April 18, 2023. The company stated that it…

TRON Token TRX Slides 6% following Binance.US Delisting Announcement

In its delisting announcement, Binance.US said it would remove TRON’s TRX from its trading platform on April 18th.  TRON‘s native TRX coin recently shed 6.4% following delisting from Binance.US amid a regulatory lawsuit against founder Justin Sun. Weeks ago, the Securities and Exchange Commission (SEC) sued Sun over allegations that he sold and airdropped unregistered securities. The regulatory agency also accuses the popular crypto entrepreneur of fraud and market manipulation involving the TRX coin. Binance.US followed up the TRX delisting announcement with a statement that read: “We periodically review each digital asset we list to ensure that…

Tron Founder Justin Sun Reportedly Lost His Diplomatic Status

Since his appointment, Sun has touted his credentials, styling himself “His Excellency” in interviews and on his social-media accounts. Sun tweeted from his diplomatic Twitter account (@HEjustinsun) as recently as October, and, as of press time, he still maintained the “H.E.” honorific on his personal Twitter account. He has given no indication that he is no longer an ambassador. Source

Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges

Sun, who was named Grenada’s ambassador to the World Trade Organization (WTO) last year, tried to artificially inflate TRX’s trading volume through the wash trading scheme, the SEC alleged, by having his own employees “engage in more than 600,000 wash trades of TRX between two crypto asset trading platform accounts he controlled.” According to the court filing, Sun’s Tron Foundation employees conducted the trades, the BitTorrent and Tron foundations controlled the accounts and Rainberry employees transferred funds for the trading. Source ChargesFounderJustinManipulationMarketSECSecuritiesSuedSunTRONU.S CryptoX Portal

SEC Sues Tron Founder Justin Sun for Market Manipulation and Offering Unregistered Securities – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron Founder Justin Sun Charged for Selling Unregistered Securities and Market Manipulation The U.S. SEC announced today a series of charges against Tron founder Justin Sun, and the Tron Foundation, declaring that the foundation…

Tron founder speaks out amidst Silicon Valley Bank and Silvergate troubles

On Mar. 12, H.E. Justin Sun, the founding member of the TRON ecosystem and the global advisor at Huobi, a crypto exchange, posted a thread on Twitter highlighting the “potential harm” prevalent in the financial sector. He explicitly refers to current debacle in the financial markets following the collapse of Silicon Valley Bank (SVB) last week. On Mar. 10, the California Department of Financial Protection and Innovation (DFPI) took over SVB citing insufficient liquidity and insolvency, jeopardizing many financial institutions, including Circle, the issuer of USDC, and depositors whose funds are now…

Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits – Bitcoin News

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During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While the rise in ethereum’s price has contributed to the increase in TVL, Lido’s liquid staking program reportedly received a total deposit of at least 303,000 ether from Tron founder Justin Sun. Onchain Data Shows Tron…

Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder – Bitcoin News

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On Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow Lido, the liquid staking platform with the highest amount of ethereum (ETH) value locked, noted that it received the largest daily stake inflow to date, with 150,000 ether worth $240 million. “Lido protocol has registered its largest daily stake inflow so far with over…

Tron Blockchain Commits $100M in Grants to Artificial Intelligence-Focused Projects

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