Tron (TRX) Price Jumps 5% And Showing Early Signs of A Fresh Rally

Tron price formed a strong support base above $0.0150 against the US Dollar. TRX is currently up over 5% and it seems like the bulls are aiming a larger rally in the near term. Tron price is gaining traction and it is trading nicely above $0.0168 against the US dollar. The price traded to a new weekly high at $0.0177 and it is showing positive signs. There was a break above a connecting bearish trend line with resistance near $0.0168 on the 4-hours chart of the TRX/USD pair (data source…

Tron is the Fourth Blockchain to Receive a Coveted Twitter Emoji

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…

TRX in Trouble? Binance Moves $300M Tether From Tron to Ethereum

On June 29, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will be burned and the same number of tokens will be issued on Ethereum. Tether makes use of several blockchains to host the circulating supply of USDT, which allows users to bypass congestion in a certain chain if the need arises. This system also makes USDT use easier for users invested in a certain platform…

New Report Aims to Answer Whether Tron Is a ‘Scam’

The latest report from Flipside Crypto takes a deep look into Tron (TRX) with the hope of answering a question many critics in the cryptocurrency space have posed: “Is Tron a scam?”. Dubious past The report starts by rehashing the Tron’s compromised origins story — from the allegedly plagiarized white paper to the promise of the $20 million giveaway that was never fulfilled. However, the report comes an unexpected conclusion: “Turns out, looking at the active supply of TRX in the past 30 days reveals a very healthy and active…

Developer Activity Surrounding Eos, Tron, and Bitcoin Cash Plummets

A report published by blockchain and AI investment firm Outlier Ventures has found a decline in developer activity of roughly 20% on average across 12 leading blockchain and cryptocurrency projects. In Outlier Ventures’ Blockchain Developer Report for the second quarter of 2020, the firm notes that development fell by half for top markets Bitcoin Cash (BCH), Eos (EOS), and Tron Tron (TRX). Despite the retraction in building, the firm notes that some signs of strong developer activity surrounding various crypto projects, with Theta (THETA) and Cardano (ADA) seeing increases in…

Tron Cryptocurrency Paints Golden Cross as Founder Announces Tron 4.0

Tron’s TRX cryptocurrency was among the biggest gainers in the last 24 hours, rising by more than 5 percent. The upside move appeared as Justin Sun, the founder of Tron, announced a protocol upgrade that would introduce privacy features to its smart contracts. TRX’s rise also coincided with a bullish technical indicator known as “Golden Cross.” Tron’s native cryptocurrency rose by more than 5 percent on a 24-hour adjusted timeframe, supported by a combo of bullish technicals and fundamentals. Tron 4.0 The TRX/USD exchange rate hit $0.0186 on Monday, its…

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…

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…