Tron Officially Releases Sidechain Scaling Solution Sun Network

Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11. Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet. This will purportedly let DApps consume less energy and run with higher security and efficiency on Tron. The post further reads that the Sun Network supports smart contract transactions and more customizable requirements such…

Bitcoin’s Continued Weakness Gives Slumping TRON Room to Bounce

TRON had bad publicity lately, including news of police raiding offices and the chief executive canceling lunch with Buffett. But there’s hope. | Source: Shutterstock; Edited by CCN TRON has been recently in the spotlight for all the wrong reasons. First, we hear news of police raiding TRON’s offices in Beijing on accusations that the TRON Foundation is running a scam. Police raids at #Tron offices in Beijing? Additionally, there’s many angry people gathered there who are saying things like “Tron is a scam”. $trx #trx @justinsuntron pic.twitter.com/qFykQErQu6 — Hayden…

Too Sick for Buffett Lunch, Justin Sun Attends Tron Influencer Party in SF

Tron CEO Justin Sun couldn’t attend his ballyhooed lunch on Thursday with finance titan Warren Buffett because of kidney stones, he said. That didn’t stop him, however, from briefly mingling with influencers at a Tron-organized party on Thursday night in San Francisco. The appearance comes just a day after Sun penned an apology to the public, media and regulators for “over-marketing” the Buffett lunch. He didn’t specify which regulators he was referring to, but the letter has so far only been posted in simplified Chinese. “In the future, due to…

Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims

BitTorrent creator Bram Cohen has added to controversy swirling around Tron CEO Justin Sun by claiming he did not fully pay him for the streaming platform. Bram Cohen says last payment for BitTorrent still in escrow In a series of tweets July 25, Cohen said that the proceeds from the sale of BitTorrent, which Sun purchased last year, had not arrived in full.  Tron took over BitTorrent for an undisclosed amount in cryptocurrency, with Cohen now complaining the final installment had been stuck in escrow for two months. “Anybody know…

Tron Price Plunges as Justin Sun Denies Money Laundering Accusations

Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. Chinese media accuses Tron founder of money laundering Earlier today, Chinese media 21st Century Business Herald claimed in an article that unspecified sources informed its reporters that Justin Sun is still on Chinese territory. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling. The outlet further suggests that Sun cannot leave the…

Tron Creator Justin Sun Apologizes to China in Deleted Social Media Post

Blockchain platform Tron’s founder, Justin Sun, sparked fresh controversy this week after he first posted and then deleted an online apology in an ongoing PR debacle.  Cryptocurrency-focused news outlet Cryptoslate reported the events, providing their own translation of comments Sun reportedly wrote and later removed from Chinese social media platform Weibo on July 25. Sun was due to have lunch with infamous Bitcoin (BTC) naysayer Warren Buffett on Thursday, a date he recently abruptly postponed due to reported ill health.  At the same time, Sun’s intense marketing of Tron, for…

Is Tron (TRX) Price Resurgence Linked to Justin Sun’s Possible Presence in the US?

Tron (TRX) is recovering, adds 13.2 percent Justin Sun is safe and not restrained from traveling Justin Sun, the co-founder of Tron, is “safe” as NewsBTC reported. Other sources indicate that he is in San Francisco and not detained by Chinese authorities. Overly, this is bullish for TRX. Already, the coin is up 13.2 percent from last week’s close. Tron Price Analysis Fundamentals Blockchain, as an emerging technology, is broad and global. Touted as a leading innovation in the 21st century, it is the foundation of the current disruption. Although…

Opera’s Android Built-In Crypto Wallet Now Supports Bitcoin, Tron

Opera has added support for Bitcoin (BTC) and Tron (TRX) blockchain-based tokens to the crypto wallet for Opera for Android (version 53 beta). In an official blog post published July 10, the internet browser developer revealed that users of Opera for Android can now send and receive BTC, TRX and TRC-10 standard tokens and that webpages can also request and receive addresses for users to complete transactions with BTC. Opera characterizes this second functionality as “an experimental integration of Web 3” — a term that was initially coined to refer…

Tron Issues Official Response to Recent Protest at Beijing Office

The Tron Foundation issued an official response to a recent protest against a ponzi scheme that went under a Tron-like name, today, July 8. As Cointelegraph previously reported, protestors swarmed the Beijing research and development offices of Raybo technology — a partner firm of Tron’s —  to express outrage at a local cryptocurrency scam operating under a Tron-like name that reportedly led to $30 million worth of losses and one suicide. The offices were eventually surrounded by police, who contained and subsequently removed the protestors.  In its official statement, Tron…

Tron (TRX) Revival Adds 6.2%, Reacting From Q1 Peaks

Tron (TRX) reacts from 3.1 cents, adds 6.2 percent After Justin Sun’s efforts, Tron is dominating in terms of dApp activity Reaffirming the presence of buyers, yesterday’s support at 3.1 cents is a mark of bulls. It is an intervention and the basis for a TRX possible expansion to above 4 cents reflecting buyers of May 2019. At the time of press, TRX is up 6.2 percent from last week’s close. Tron Price Analysis Fundamentals The era of smart contracting is all thanks to Ethereum. By building the frame works…