On August 20, a Tether swap worth $1 billion happened — it involved Binance, Bitfinex, and a major fire dumpster on TRON (TRX) blockchain. Tether flows. Source: Flipside Crypto. From time to time, the news of Tether burning some of its supply on one blockchain and then minting it anew on another appears in the headlines. Although it sounds easy enough, in reality, it involves quite a bit of planning and more importantly — trust. Tether $1 billion swap transactions. Source: Cointelegraph. During the six-transaction swap that spanned two blockchains and took 1 hour and 1 minute to complete, the …

After several years in development, Ethereum 2.0 is now more tantalizingly close than ever before. Despite a shaky start with the Medalla testnet, it seems that development is still on track. Prysmatic Labs developer Raul Jordan indicated in a recent blog post that “2 to 3 months from the Medalla genesis block is still an ideal timeline.” At this point, what are another three months? The idea of an upgrade has been floating around in some form since the platform was first launched in 2015. The time it has taken to get this far in implementing Ethereum 2.0 speaks to …

The markets are bleeding out. Ether (ETH) dropped from $500 to $300 in a matter of days, people are screaming that the DeFi bubble has burst already, and are crying about their favorite “[insert food name] coin” crashing in value after a one-month-old Twitter account rug pulled 38K ETH from investors. Yes, it’s just another week in crypto, but did anyone else notice that Tron (TRX) was pumping amidst all this? Might just be a coincidence, but the last time this happened so quickly the entire crypto market bled out in the long, cold crypto winter. Daily cryptocurrency market snapshot, …

Peer-to-peer file sharing service BitTorrent, and little brother uTorrent, have now been downloaded more than two billion times on various platforms. Last year the network accounted for 3% of all downstream, and 28% of all upstream, traffic across the internet. The company attributes the figures to the “longstanding popularity of its classic desktop torrent clients, as well as its new web-based torrent downloader and player built for the streaming age”. It said the Android version of the service on Google Play Store is the “most popular torrent downloader”. In the announcement, Sun hinted that BitTorrent would soon be releasing new …

There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about. An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cointelegraph extended the courtesy of connecting this source with Tron after examining the highly credible evidence that was on offer. It was surprising to then observe Tron representatives make every excuse to avoid a source who had come forward with legitimate information about the hack the company claimed it wanted …

BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option. As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token, BNB. With the new addition, BitTorrent now totally features six crypto payment options on its platform. Binance’s BUSD joins the list of already supported cryptocurrencies including Bitcoin (BTC), BitTorrent’s utility token BTT, Okex’s OCB, TRX, and BNB. Alongside the BUSD addition, BitTorrent and µTorrent have also replaced the ERC-20 BNB token with the faster and more …

Gumi Cryptos Capital partner, Miko Matsumura, recently spoke with a scam artist pretending to be Justin Sun. The imposter was attempting to sell a supposed privacy-focused crypto asset pegged to the value of real Tron TRX coins. Upon initial inspection of the project and its token sale, Matsumura jumped on Skype for a call with someone who claimed to be Justin Sun. "The impostor was very realistic as you can see," Matsumura told Cointelegraph referring to a video he provided of his chat. The video looked highly suspicious The video of the web chat showed a person resembling Justin Sun …

Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades. Sun revealed that the project, JUST DeFi, plans to launch three new products for the decentralized finance ecosystem. The first is a lending and borrowing platform dubbed “JUST Lend.” It will allow Tron users to “earn interests and borrow against collateral.” The second product entails a decentralized cryptocurrency exchange platform named JUST SWAP while the third is a TRC-20 token called JUST BTC. The token is pegged to …

Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as “market makers.” Therefore, the “capital markets are not free” anymore. Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world. Crypto market data daily view. Source: Coin360 However, it will be a while before the current economic system crumbles due to the measures taken by the central banks. Until the majority do not realize that money printing cannot be the solution …

Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions. According to Our Network, Curve was one of the biggest beneficiaries of yield farming as it helped users switch between different stablecoins to maximize yield. Curve is an automated money market that only supports swaps between different types of stablecoins and wrapped tokens. This limitation allows Curve to provide competitive slippage and fees for exchanging …

Ethereum (ETH) co-founder Vitalik Buterin tweeted that TRON (TRX) sympathizers within the Bitcoin (BTC) community are a “perfect example” of German Nazis aligning with Japan during the Second World War. Vitalik drew the questionable comparison in a reply to Bitcoin activist and independent developer Udi Wertheimer, who tweeted: “#Tron > #Ethereum”. The Ethereum co-founder wrote: “I feel like this weird half-joking tron stanning in the BTC community might be a perfect example of this from @slatestarcodex” He also attached a number of screenshots from a 2014 article that was originally posted on Slate Star Codex — a now-deleted blog created …

Tron (TRX) becomes the fourth blockchain project to receive a custom Twitter emoji hashtag. Justin Sun, Tron’s founder, unveiled the new emoji in a tweet on Friday. As customary in Tron’s marketing campaigns, the new emoji comes with a giveaway requiring fans to put the emoji in their profile bio. Like with Binance’s anniversary, the hashtag appears to be tied to a specific event. In addition to “#TRX” and “#TRON”, the project acquired the hashtags “TRONGreatVoyage” and “TRONConference.” This is in reference to an upcoming Tron 4.0 launch event, held as an online conference named Great Voyage. Curiously, the project …