Tag: justin sun

Aug 13 2022

Why Justin Sun Was Blocked From This Ethereum DeFi Protocol

Aug 13 2022 Published at Bitcoinist.com under tags  eth ethereum ethusdt justin sun

Diplomat and founder of the TRON network, Justin Sun, confirmed that one of his addresses was blocked from using the Ethereum decentralize finance (DeFi) protocol Aave. Via Twitter, Sun claimed that he received 0.1 ETH from Tornado Cash leading to his address being added and blocked by the protocol. Justin Sun was just one of many well-known personalities in the crypto industry, and...

Crypto Billionaire Sam Bankman-Fried, Justin Sun Reportedly Eyeing Majority Takeover Of Huobi

Aug 13 2022 Published at Bitcoinist.com under tags  crypto crypto news ftx huobi justin sun

The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $2 and $3 billion. Existing investors in Huobi, including Sequoia China and ZhenFund, were reportedly notified of Li's decision during a shareholder meeting in...

Aug 12 2022

Breaking: Huobi Seeks To Sell 60% Stake; SBF, Justin Sun In the Race

Aug 12 2022 Published at Coingape under tags  huobi ceo justin sun news

Huobi founder Leon Li is reportedly seeking to sell most of his stakes in the exchange. This deal can be valued at around $3 billion making it the largest buyout in the crypto market history. SBF to takeover Huobi? According to...

Aug 08 2022

Crypto community divided over Ethereum hard fork

Following Chandler Guo's public vow to fork Ethereum (ETH), the call for a hard fork has grown significantly, leaving stakeholders to pitch their tent on different sides. Tron (TRX) founder Justin Sun and his crypto exchange Poloniex were one of the...

Justin Sun Fires Back At Vitalik As Battle Of Ethereum Merge Heats Up

Aug 08 2022 Published at Coingape under tags  altcoin news ethereum merge justin sun news

With the soft date of Ethereum Merge approaching, the conversation around Ethereum’s...

Aug 04 2022

Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork

Justin Sun, Tron's (TRX) founder, has revealed support for Ethereum's (ETH) proof-of-work (PoW) hard fork. In an August 4 tweet, Sun said he would donate some coins to the forked Ethereum PoW community to develop its ecosystem....

Justin Sun Pledges 1 Million ETH To Hard Fork As Ethereum Miners Generate $11 Billion In 2022

Summary: Revenue from Ethereum mining has surpassed proceeds boasted by Bitcoin miners. Arcane research shows that ETH miners have generated around $11 billion in 2022 so far. Bitcoin miners have managed $10 billion as of press time. Ethereum's switch to Proof-of-work could ultimately eliminate the role of miners on the network. The transition dubbed "The Merge" is scheduled for September 19, as previously...

Justin Sun, Poloniex, Huobi Support Chandler Guo’s EthereumPoW Fork For Miners

Aug 04 2022 Published at Coingape under tags  ethereum hardfork justin sun news

The support for prominent crypto miner Chandler Guo's EthereumPoW (ETHPoW) plan seems to be rising as Tron founder Justin Sun, crypto exchanges Poloniex,...

We’ll Use 1M ETH Stash to Support Ethereum Fork, Justin Sun Pledges

Aug 04 2022 Published at Crypto Briefing under tags  ethereum justin sun people

It comes as some crypto community members weigh forking Ethereum to establish a new Proof-of-Work network. Justin Sun Backs Ethereum Fork One of cryptos biggest whales has committed to supporting...

Should You Invest In TRON? : The Story of Tron Blockchain and a Lot of FOMO

The crypto world is full of innovations and new projects. The recent crypto market crash was a harsh one for the whole crypto community. Many people are leaving their crypto positions and waiting for the end of the downtrend. Yet, this crash was like no other. This post is all about Justin Sun and whether should you invest in Tron. Let's take...

Jul 08 2022

TRON Deploys Another $20M “to Safeguard the Crypto Market”

Jul 08 2022 Published at Crypto Briefing under tags  justin sun news tron

TRON founder Justin Sun announced the update on Twitter today. TRON DAO Reserve Drops $20M TRON keeps adding to its reserves as the crypto bear market persists. total 20 million...

Jun 25 2022

Tron’s (TRX) Total Accounts Hits a New Milestone of 100M As the Project Celebrates its 4th Anniversary

Summary: The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. Tron is also celebrating its 4th Anniversary as an independent chain after migrating from Ethereum on June 25th, 2018. The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. The team at Tron DAO highlighted the milestone through...

Jun 15 2022

TronDAO pulls 2.1B TRX from Binance to ‘safeguard crypto market’ as USDD depegg continues

Jun 15 2022 Published at CryptoSlate under tags  justin sun stablecoins tron trx usdd

For the third consecutive day, Tron's blockchain Decentralized USD (USDD) is trading for less than $1. According to data from CoinGecko, USDD traded for as low as $0.95 within the last 24 hours. The value has since recovered slightly to $0.97 as of press time. USDD first lost its peg on June 13 amid a...

Jun 14 2022

Justin Sun Announces Hiring Plan to Increase Workforce by 50% Across Tron-Based Projects

Summary: Justin Sun has invited anyone laid off during the ongoing crypto winter to apply for jobs across several Tron-based projects. They include Tron DAO, Poloniex, BitTorrent, USDD, Ape NFT, Just Network, and Sun.io. According to Justin Sun, the Tron ecosystem aims to increase its workforce by 50%. Tron's Founder and former CEO, Justin Sun, has announced via Twitter that anyone affected by...

Jun 13 2022

Justin Sun’s Tron DAO Will Deploy $2 Billion To Counter TRX Shorts

Tron founder Justin Sun prepares $2 billion cash injection to fight TRX short traders.

Jun 11 2022

Snoop Dogg, Justin Sun Up Jack Dorsey’s Web5 by Saying they Are Working on Web6

Key takeaways: Snoop Dogg and Justin Sun have stated that they are working on Web6. Jack Dorsey had earlier announced that TBD was working on Web5 on the Bitcoin Network. The founder and former CEO of Tron, Justin Sun, has announced via Twitter that he is working on Web6. Mr. Sun's Tweet comes on the backdrop of Twitter's Jack Dorsey announcing that TBD,...

Jun 09 2022

Will Justin Sun’s New Acquisition Prove To Be Massive For Crypto?

After recently boosting Tron stablecoin reserves massively, founder Justin Sun came up with yet another major investment in...

Jun 05 2022

Tron DAO’s USDD is Now Over-collateralized by Over 200%, A First for Algorithmic Stablecoins

Summary: The Tron-based USDD stablecoin is now collateralized by over 200% with a guaranteed minimum collateral ratio of 130%. Such backing in reserves is a first for any algorithmic stablecoin in the crypto-verse. Tron's Justin Sun has promised to keep strengthening the USDD ecosystem for a decentralized future. The recently launched Tron-based algorithmic stablecoin of USDD is now collateralized by over 200% with...

May 30 2022

Tron’s TVL Rises By 40% On The Back USDD Algorithmic Stablecoin Hopes

Quick take: Total value locked on Tron grew over 40% in the last 30 days. It's now the third-largest DeFi protocol with $5.92 billion in TVL. Other DeFi chains plummeted in contrast to the Justin Sun-founded blockchain. Major competitors like Avalance and Solana dipped more than 30% in TVL over the last month. Only Ethereum and Binance Smart Chain are currently ahead. The...

May 16 2022

Tron’s Justin Sun Commits $10m in USDD to Assist Smallholders Hardest Hit by UST’s Depegging

Quick summary: Tron's Justin Sun has offered to set aside $10 million in USDD to assist the average UST investor affected by the depegging of the stablecoin Mr. Sun was responding to a similar idea by Ethereum's Vitalik Buterin, calling for 'coordinated sympathy and relief for the average UST smallholder' Mr. Butern also cited the existing FDIC insurance and Singapore's employment laws as...

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