Cryptocurrency Analysis and News Portal
Seven days ago, Cryptox.trade News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In
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Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC20 to Ethereum and Avalanche’s blockchain. In a Tweet, Tether said that 1 billion USDT will be moved from Tron’s blockchain to Ethereum. On the other hand,
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President Nayib Bukele said El Salvador bought an additional 500 BTC on Monday The Central American Jurisdiction previously approved Bitcoin as legal tender in 2021 Justin Sun’s Tron DAO Reserve also purchased 500 BTC during Monday’s market tumble The massive buy could be earmarked for Tron’s USDD algorithmic stablecoin reserve El Salvador announced a
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On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to
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Tron’s native coin TRX has been moving on bullish price action since the beginning of the month. Tron had announced in the past weeks, that, it is soon to be going live with its algorithmic stable coin USDD. Ever since this development, the anticipation caused prices of TRX to surge. TRX
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This token, named after the surprising hit of 2021, Shiba Inu, has almost no value. Fortunately, the bogus token was spotted early on, preventing Shiba Tron from duping other users. Shiba Tron (SHIBT) is a new addition to the growing pack of meme currencies featuring dogs. A few days ago, the
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Last Thursday, TRON DAO and BitTorrent Chain (BTTC) announced the launch of the TRON Grand Hackathon 2022 and its first-ever TRONDAO Forum. Registration for the Hackathon began appropriately on Valentine’s Day, February 14, just in time to spread the love for new entrepreneurs, engineers, and designers, to have the chance to
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Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a
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Justin Sun (or His Excellency Justin Sun), a technology and cryptocurrency entrepreneur who recently became a Grenada diplomat, has revealed that he will travel to space on a Blue Origin aircraft next year and will bring five people with him. Justin Sun Reveals He Was The Secret Bidder The 31-year-old has identified
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Controversially, in 2020, the Tron Foundation acquired Steemit – the most prominent dapp on the Steem blockchain. In March, members of the Steem community, who saw the acquisition as a hostile takeover, forked the network to create HIVE, a near-exact replica except that tokens linked to Justin Sun and Tron
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