Poloniex ‘Acquires’ Tron Network’s Biggest Decentralized Exchange

Cryptocurrency exchange Poloniex now controls the largest decentralized exchange (DEX) on blockchain network Tron (TRX), official reports state. Confirmed by Tron CEO Justin Sun on Nov. 29, Poloniex will now operate TRX Market under the new name “Poloni DEX.” Poloniex ‘acquires’ decentralized exchange The move comes a month after Poloniex itself spun out from owner Circle to form a new exchange that addressed regulatory problems in the United States. According to Sun, Poloniex “acquired” TRX Market, while it remains unknown what changed hands and what financial value the deal generated.…

Tron Founder Justin Sun Admits to Investment in Crypto Exchange Poloniex

Tron (TRX) founder Justin Sun admitted to being one of the investors that recently acquired cryptocurrency exchange Poloniex from financial technology firm Circle. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation. In October, Sun refuted reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. Following the acquisition, Poloniex spun out from…

Tron Founder Justin Sun Admits Investment in Crypto Exchange Poloniex

Tron (TRX) founder Justin Sun admitted to being one of the investors that recently acquired cryptocurrency exchange Poloniex from financial technology firm Circle. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation. In October, Sun refuted reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. Following the acquisition, Poloniex spun out from…

Bitcoin And Crypto Market Facing Hurdles: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is currently correcting higher towards the $240.0B resistance. Stellar (XLM) price is performing nicely and it is up more than 5% above the $0.0750 resistance. Bitcoin cash price is likely to break the $300 resistance area in the near term. Tron (TRX) price is facing hurdles near the key $0.0200 resistance area. Cardano (ADA) price is consolidating below the key $0.0450 and $0.0465 resistance levels. The crypto market cap and bitcoin (BTC) are correcting higher. Ethereum, BCH, ripple, stellar (XLM), EOS, TRX, and cardano (ADA)…

Bitcoin And Crypto Market Could Rise Steadily: BCH, Tron, XLM, ADA Analysis

The total crypto market cap is holding a key support near the $240.0B and $238.0B levels. Stellar (XLM) price surged in the past few days and settled above the $0.0800 resistance. Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area. Tron (TRX) price is currently correcting lower and it is approaching the $0.0195 support. Cardano (ADA) price is slowly rising and it could soon test the $0.0460 and $0.0475 resistances. The crypto market cap and bitcoin (BTC) are rising steadily. Ethereum, BCH, ripple,…

Samsung Adds Support for Tron Network to Blockchain Dapp Store

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference on Wednesday to announce a new partnership between his crypto company and the telecom giant. Tron will be integrated into the software development kit (SDK) of the Samsung Blockchain Keystore, which helps users manage private keys. The SDK allows coders build with the Tron network by giving them direct access to the blockchain via Samsung devices. It’s still unclear how this partnership changes anything for TRX token users, beyond wallet support. In the days leading up to the announcement,…

Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment

China is rapidly adopting a pro-blockchain stance following news it would bring in a so-called “crypto law” in January next year.  China: Blockchain must be legitimate In a sign of China’s abrupt official about-turn on blockchain, officials are deleting posts that claim the technology is a scam, Twitter-based crypto news resource cnLedger reported on Oct. 28.  Chinese officials and president Xi Jinping caused a stir late last week after the latter gave a speech condoning blockchain. China, he said, would become the world’s foremost proponent of the technology and would…

Nearly 12% of All Tether Is Now on Tron After $100M Chain Swap

The amount of Tether (USDT) tokens issued on the Tron (TRX) blockchain now accounts for nearly 12% of all USDT tokens. 350 million to 450 million in one day Launched in mid-April 2019, TRC20-based USDT has hit a total supply of over 490 million tokens on Oct. 25, which now makes up almost 12% of the 4.1 million Tether tokens currently in circulation, according to data on Tronscan. TRC20-based USDT on Tronscan The new total supply milestone resulted following the addition of 100 million new TRC20-based USDT tokens, as the…

TRON Will Partner With $100B ‘Mega Corporation’ Next Week

Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.” “Make a guess?” Sun, the master of hype and CEO of Tron, took to Twitter on Oct. 25 where he made one of his infamous announcements in order to excite his followers with a message that barely contains enough details to even describe what the announcement could be about. This time around, Sun started off by saying that Tron will be partnering with a corporation that would seem to be valued at somewhere…

‘I’m not buying anything,’ says Tron CEO Amid Reports of Poloniex Acquisition

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct.…