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Justin Sun 'Optimistic’ About Crypto’s Return to China, Addresses Huobi Acquisition
11.10.2022
Tron founder Justin Sun joined “First Mover,” to discuss his role on Huobi’s advisory board and why he’s hopeful the crypto exchange will make its way back to mainland China
Crypto News Summary: FTX V2 Announced, Transit Finance Hacker Returning Funds, Dapper Labs Restricts Russian Accounts
10.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: FTX V2 Announced, Transit Finance Hacker Returning Funds, Dapper Labs Restricts Russian Accounts
Founder of Huobi Crypto Exchange Sells Stake in Company
10.10.2022
Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company.
According to an October 8 blog post, the buyout vehicle of About Capital will control the majority...
Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
10.10.2022
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited...
Tron Founder Justin Sun Thinks Crypto Could Learn Something From TradFi
28.9.2022
“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CoinDesk
Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%
24.9.2022
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today...
Ethereum Proof-of-Work Fork Stumbles as Justin Sun's Poloniex Supports Rival Fork
16.9.2022
The fork’s ETHW token dropped 70% as new proof-of-work blockchain’s debut was pocked by technical glitches and the crypto exchange of vocal early supporter Justin Sun decided to support a different, little-known fork
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
Huobi Might Get a New Owner, FTX Among Potential Buyers - Report
12.8.2022
Huobi Group founder Leon Li is in talks to sell his roughly 60% stake in this major crypto exchange, while Tron (TRX) founder Justin Sun and Sam Bankman-Fried’s FTX exchange are being mentioned among those who’ve had preliminary contact with Huobi....
Read More: Huobi Might Get a New Owner,...
What the fork? Ethereum's potential forked ETHW token is trading under $100
9.8.2022
A non-difficulty bomb ETHW chain could grab 2%-10% of Ethereum's market capitalization, crypto hedge fund manager says
Justin Sun Says Proof-of-Work 'Essential' Part of Ethereum
9.8.2022
Tron founder Justin Sun joined CoinDesk TV’s “First Mover,” to discuss his support for an Ethereum fork
Justin Sun Backs Ethereum Hard Fork as Merge Approaches
5.8.2022
Sun said he would support development on the old Ethereum network following the expected merge in September
Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork
5.8.2022
Ethereum (ETH) miners fearing the worst should the network’s much-vaunted move to proof-of-stake (PoS) go ahead next month could be thrown a lifeline – with Justin Sun and his Poloniex crypto trading platform stating that they will provide support for a proposed proof-of-work fork (PoW)...
Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division
21.7.2022
The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent....
Read More: Tron’s Justin Sun Eyes ‘Acquisition’ Move...
Today in Crypto Turmoil: Sun Readies USD 5B Spend, Celsius’ Dealings ‘Exposed,’ CoinFlex Heads to HK Courts
11.7.2022
The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.
Here’s all you need...
Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
5.7.2022
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
21.6.2022
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity,...
Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit
15.6.2022
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized...
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...