Who Is Justin Sun? The Entrepreneur Behind TRON

Justin Sun is known for his scandalous behavior on Twitter and within the crypto space. But did you know that the young entrepreneur has had the same combative spirit since middle school? Key Takeaways Justin Sun’s early years in school paint a picture of a loud rebel, constantly going against the grain. Before founding Tron, he was an early employee at Ripple Labs and helped the company’s influence in China. Many of his controversies are linked to outlandish claims on Twitter as well as high-profile meetings with legends of finance.…

TRON Will Seize $5 Million Steem From Dissident Tokenholders

Steemit is planning to seize over 23.6 million STEEM from dissident users in a hard fork this Wednesday. Key Takeaways Steem witnesses will seize the assets and accounts of several users who disagree with TRON’s buyout of the blockchain. The decision is part of a long-running dispute between TRON CEO Justin Sun and Hive supporters. Despite the publicity, most user accounts will not be affected. Share this article Steem, a popular blockchain and social blogging platform, will undergo a hard fork on Wednesday to shut down accounts that object to…

Tax Dollars are Funding Justin Sun’s TRON Blockchain

After two years of extravagant spending, the TRON Foundation received a $2 million handout from the U.S. government. Key Takeaways The U.S. government created the Paycheck Protection Program to help small businesses survive the economic crisis cause by coronavirus. Despite costly acquisitions of several crypto-related startups, Justin Sun’s TRON was included in the relief program. Prominent figures within the industry have objected the move and have asked Justin Sun to return the loan. Share this article TRON and BitTorrent CEO Justin Sun finds himself at the center of controversy, once…

Tron DApps Arrive on the Samsung App Store

The Tron (TRX) project announced on April 27 that apps built on its blockchain will be featured in the Samsung Galaxy Store. Owners of Samsung smartphones in specific countries will see Tron decentralized apps, or DApps, in an alternative app store. Tron and its tokens were already supported by Samsung’s Blockchain Keystore, which stores private keys in a secure memory compartment. The integration was announced alongside Bitcoin (BTC) and Ethereum (ETH). As indicated by Tron, the Samsung store will feature “applications like Blockchain Cuties, Super Player, Meerkat Mining and Timeloop.”…

TRX Ledger Live Integration a Mutual Decision, Tron Says

Tron described its recent listing on Ledger wallet’s Ledger Live software as a move for both parties to continue the expansion of the crypto space.   “It was in our mutual interest, to further develop and promote the crypto ecosystem,” a Tron representative told Cointelegraph. “The rapid growth in the crypto and blockchain space is evident and the users demand more functions and creative solutions to advance the security, usability, and all-in-one stop.” The addition gives users more options Tron recently saw its proof-of-stake TRX coin added to Ledger Live, the desktop…

Hardware Wallet Leader Ledger Adds Tron Support to Its Software

Leading hardware wallet producer Ledger announced that its official wallet software now supports Tron (TRX). According to an announcement, Ledger Live — the official wallet software for Ledger’s hardware wallets — now allows its users to manage their Tron addresses. Furthermore, Ledger hardware wallet owners can also stake their TRX directly from the software. The announcement reads: “You can now manage your Tron (TRX) into Ledger Live and stake them, which means getting rewards without doing anything!” Ledger also announced that — to celebrate the added Tron support — the…

Binance, BitMEX, Tron, Block.one Named in Class Action Lawsuit for Selling Unregistered Securities

Several juggernauts of the crypto-industry were named in a class action lawsuit for the alleged sale of unregistered securities. Those mentioned include Binance, BitMEX, Tron, Block.one, Kyber Network, and KuCoin, among dozens of others. Crypto’s Biggest Companies Face Class-Action Lawsuits According to OffShoreAlert, 11 class action lawsuits were filed against 42 defendants in the Southern District of New York Court on April 3 for the sale of unregistered securities. The lawsuits have separately named industry giants such as Binance, BitMEX operator HDR Global Trading, Tron, Civic, Block.one, Kyber Network, Status,…

New Tron Partnership Lets Gamers Earn Crypto for Streaming

Refereum, a blockchain-based platform that rewards users for video game engagement and streaming, has partnered with Tron.  The collaboration allows Refereum to pay out its video game streaming users in Tron’s TRX coin, and BitTorrent’s BTT token, said an April 2 statement provided to Cointelegraph.   Partnerships, more partnerships, and purchases Tron bought software company, BitTorrent Inc, in 2018. BitTorrent also utilizes an associated crypto asset called BTT, which is built on Tron’s blockchain. Refereum teamed up with DLive, a blockchain streaming service, near the end of 2019, giving video game…

Tron Launches Djed, a Platform That Looks Suspiciously Like MakerDAO

On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately criticized as many see it as a plagiarized version of MakerDAO (MKR). Sun teased the launch on Jan. 16 when Sun let his fans choose the name of a planned decentralized stablecoin that was initially to be backed by TRX and BitTorrent Token (BTT). Self-described TRX whale and Tron fan Mike McCarthy was the one who proposed the name Djed, just…

Tron Uprising: Channels Inner MakerDAO, Launches DeFi System

An uprising led by the Tron Foundation has unveiled a new DeFi and stablecoin system labeled “Djed.” Tron’s Djed, A New Collateralized DeFi System Tron has launched a MakerDAO-style DeFi ecosystem, known as Djed. Djed is set to feature a TRX-backed, USD-pegged stablecoin, USDJ. The move, signposted earlier in the year, was announced by the Tron Foundation’s Justin Sun on Twitter: Something new. #DJED #TRON #TRX $TRX pic.twitter.com/k0rbDtjT0Y — Justin Sun (@justinsuntron) March 28, 2020 Djed will allow users to borrow USDJ from collateralized Tron token positions. According to the…