After a crackdown on cryptocurrency trading and mining in the middle of 2021, Tron founder Justin Sun claimed Monday that China is plotting a return to the sector. With the introduction of a tax on crypto transactions, China has taken a major step toward cryptocurrency regulation. Justin Sun is unwavering
Binance, a prominent cryptocurrency exchange, has stated that on January 30, 2023, at 6:00 a.m. (UTC) it would execute wallet maintenance for the Tron Network (TRX). The duration of this is roughly 1 hour. Therefore, commencing on January 30 at 5:55 a.m. UTC, Tron Network (TRX) deposits will be temporarily
Early on Monday, Justin Sun said on Twitter that he had swapped over $773,000 worth of Tron’s native stablecoin USDD. Sun said that he has converted over $200,000 worth of USDC. And $570,000 worth of USDT to the stable currency USDD. Although it is supposed to be pegged to the
Tether, the major blockchain-enabled platform, has announced the release of an offshore Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH. Which is utilizing the Tron blockchain transport layer from the platform when it launches. #Tether Launches
Justin Sun, the founder of Tron, plans to provide a “holistic solution” to alleviate the liquidity crisis facing FTX. Meanwhile, on-chain data indicated that the algorithmic stablecoin USDD has unexpectedly begun depegging and was last trading at $0.98. A previous response from Justin Sun indicated that it is likely that
FTX CEO Sam Bankman-Fried is currently in a delicate position as Binance cut off the idea of any possible relationship with FTX. Tron’s founder Justin Sun alluded to a possible deal with cryptocurrency exchange FTX hours after Binance pulled out. The Tron founder added that his staff is working with
Tron tokens are now accepts as a means of exchange in Dominica. Tron native token is now accepted as Public payments including Tax, Business for their services. Tron, the leading blockchain network, has signed a deal with the Dominican government to make Tron-native coins payable on the Caribbean island. On
By taking positions on both sides of a transaction, they help increase liquidity. Market makers like Wintermute function as a middleman to facilitate these transactions. Wintermute has been named the official market maker for the Tron ecosystem, which will increase liquidity for the TRX currency used by the Tron blockchain
The shift from PoW to PoS in the ethereum ecosystem has many supporters. Buterin expressed the thought that Layer 1 should be steady and Layer 2 should be evolving. Vitalik Buterin, Founder of Ethereum, while addressing the South Korea Blockchain Summit stated that he has been receiving enormous support for
Geneva, Switzerland / July 27 / – TRON was established in 2017 with the vision to decentralize the web, and it has aligned its mission to follow that purpose over the last five years. For most blockchains, decentralization is a central theme. It’s a form of administration that delegates power
