BitTorrent Cofounder Accuses Justin of Insolvency, Tron Foundation Cites Legal Reason

The attacks on Justin Sun and the Tron Foundation seems to have no end to it.
Sun is associated with more projects in China other than Tron Foundation, like the Wavefield Foundation. Earlier this week, he was accused of running scams and money laundering using this network. Even more appalling allegations included his participation in ‘AccompanyingMe’ app which is apparently used for illicit sexual crimes.
Now, BitTorrent Co-Founder Bram Cohen has accused Sun of non-payment of their accusation. Bram Cohen raised the allegations on the first anniversary of the acquisition. He tweeted,
Anybody know if Justin Sun is hard up for cash? He isn’t letting the last payment for BitTorrent get out of escrow.
A representative from the Tron Foundation, Roy Liu responded to his claims by asking to address his concerns in court as a release agreement has been signed. A release agreement is a document with legal effect, provided specific requirements are met. He replied to Cohen,
FYI the money in escrow is not considered Justin’s cash. Justin has signed release agreement. Buyer/seller lawyers will follow up and settle. PM @justinsuntron [Justin Sun] if you’d like to discuss. Happy to work on more deals in the future.
According to Bram, the payment has been due for over two months. Tron Foundation under Sun seems to have restricted the escrow payments raising issues related to their contract. Moreover, since the money is in escrow, Bram is accusing Sun of “trying to get any of the cash back.”
Cliff Edward, director, global communications at Tron Foundation told the media that,
“Justin signed the release on Monday, and disbursements are now in the lawyers’ hands,” he said. “As you know with escrow, there’s no way for Justin to claw money back out of it, unless there was a legal reason to do so.”
We have also reached out to the other founder, Ashwin Navin for the status of his payment. Moreover, Justin Sun himself confirmed that since the amount is in escrow, he has no control over it. He said,
“I totally understand he wants his money, but right now it has nothing to do with me,”
Legitimate reason or not, the payment seems to have been blocked for sure. The role of the Tron Foundation and even Cohens’ role in the legal proceedings will now determine its end.
Do you think that the Cohen will be reimbursed appropriately? Please share your views with us. 
The post BitTorrent Cofounder Accuses Justin of Insolvency, Tron Foundation Cites Legal Reason appeared first on Coingape.
Source: CoinGape

IEO: the Replacement for ICO Raised a Total of 262 Million in 2019

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IEO: the Replacement for ICO Raised a Total of 262 Million in 2019
Though only half of the projects that participated in IEO in 2019 were profitable, the research indicates that the cumulative returns to be garnered over the span of 6 months could amount to 44% ROI.
IEO: the Replacement for ICO Raised a Total of 262 Million in 2019

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Source: CoinSpeaker

IEOs performance up by 550% in Quarter 2 of 2019; will exchange offerings continue to rise?

Will IEOs be dealt the same fate as ICOs? Or will it chart its own path? Exchange offerings seem to be the new “in-thing” within the cryptocurrency space. In the span of six months, several exchanges have set-up their own ‘launchpads’ and are inviting companies to launch their tokens, with incredible success. Although the exchange […]
The post IEOs performance up by 550% in Quarter 2 of 2019; will exchange offerings continue to rise? appeared first on AMBCrypto.
Source: AMB Crypto

TRON Launches ‘BitTorrent Speed’ With Native Token Functionality

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TRON Launches ‘BitTorrent Speed’ With Native Token Functionality
Just recently, Tron announced the launch of their new download optimization software called BitTorrent Speed. Users of BitTorrent Speed will be rewarded in BitTorrent Token (BTT) in exchange for seeding and bandwidth.
TRON Launches ‘BitTorrent Speed’ With Native Token Functionality

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Source: CoinSpeaker

Justin Sun Went All Devious on the Expectation of Charity Lunch With Warren Buffett

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Justin Sun Went All Devious on the Expectation of Charity Lunch With Warren Buffett
Justin Sun donated $4.57 million via an auction for the Charity Lunch with Warren Buffett organized by Glide Foundation. Many are seeing Sun’s moves as an effort to bridge the distance between crypto space and skeptical Buffett.
Justin Sun Went All Devious on the Expectation of Charity Lunch With Warren Buffett

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Source: CoinSpeaker

Tron Independence Day: What Will Justin Sun Unveil During Livestream Today

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Tron Independence Day: What Will Justin Sun Unveil During Livestream Today
To celebrate TRON Independence Day, Justin Sun will hold livestream to summarize the achievements of the year and to reveal the plans for the future.
Tron Independence Day: What Will Justin Sun Unveil During Livestream Today

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Source: CoinSpeaker

Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet

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Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet
Justin Sun bids over $4.5 million to have a power dinner with the Oracle of Omaha, Warren Buffet, in an auction aimed to raise money to help the needy and drug addicts in San Francisco.
Tron CEO Justin Sun Pays $4.5 Million for the Right to Dine with Warren Buffet

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Source: CoinSpeaker

TRON re-enters top-10 as Justin Sun announces big reveal on June 3

Bitcoin [BTC] sluggish below the $9,000 mark on the back of the most successful month-on-month gain since December 2017 has given way to the rise of the altcoins. Tron [TRX] is firmly leading that altcoin rise, given the current market conditions.
The Justin Sun-led cryptocurrency has now amassed a massive 17.41 percent price gain in the past 24-hours as the founder hinted at an imminent big reveal. The first inkling of this mention was on May 31, with Sun stating that something “huge and amazing,” was in store for Tron and BitTorrent, and that his stake in the same was “70%.”
Sun’s ‘announcement of an announcement of an announcement’ read,

Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT
— Justin Sun (@justinsuntron) May 26, 2019
Following up the above tweet, Sun, without mention any further details stated that “I did it,” adding that this accolade was yet another ‘big win for the blockchain community,’ while not mentioning or even hinting at any concrete decisions taken.
Sun’s announcement of an announcement’ read,

I did it! Big win for the #blockchain community! Big reveal June 3. Stayed tuned! #TRX $TRX $BTT #BTT https://t.co/C2ZcINfcKb
— Justin Sun (@justinsuntron) June 1, 2019
Despite many in the crypto-community dismissing this ‘announcement of an announcement’ primed on enticing investors to purchase the cryptocurrencies without any concrete reason to point to, the price pushed ahead. Justin Sun, the master marketer, managed to amass a double-digit price gain, even as the king coin traded sideways and propelled TRON into the top-10 with just two tweets.
Source: Trading View
Prior to the two announcements, the coin was trading at $0.03 on May 30 and rose steadily to $0.036, a consistent 20.65 percent price gain in over 30 hours. The first correction dropped the price to $0.035 prior to a move up to $0.038 a 10.13 percent gain in less than 2 hours as anticipatory bulls buoyed the TRX market. At press time, the now 10th ranked cryptocurrency is trading at $0.039, its highest price since July 2018.
Market capitalization reflected the same, as TRON added over $600 million to its overall valuation since the first domino of the announcement was made. Stellar Lumens [XLM] is now on the outside of the top-10 looking in trailing TRON by under $20 million, while Cardano [ADA] chase the duo by over $150 million.
BW.com and OKEx take the top two spots in TRX trade volume with 8.06 percent and 7.7 percent of trade respectively in the trading pairs TRX/USDT each. Other notable exchanges are Bit-Z, Huobi Global and Digifinex, however, the only exchange with “real” volume is Binance on the 11th spot with 3.59 percent volume in the BTC pair.
BitTorrent was also enjoying a brief bullish build-up as the cryptocurrency, on the 29th spot at press time inclined by over 7.7 percent in 24-hours, taking its weekly price pump to almost 40 percent.
Sun’s tweet highlighting TRON’s entrance into the top-10 read,

According to @CoinMarketCap, #TRX is back to TOP 10 with a recorded market capitalization of $2.59 billion! #TRON $TRX pic.twitter.com/Ae9CUjouQz
— Justin Sun (@justinsuntron) June 1, 2019

The post TRON re-enters top-10 as Justin Sun announces big reveal on June 3 appeared first on AMBCrypto.
Source: AMB Crypto

Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

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Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?
In this post, by blockchain expert and professional tech researcher Gregory S Mathew, you’ll find what Initial Exchange Offering (IEO) is, how it differs from ICO and why this new fundraising model is widely considered to be crypto industry’s next disrupter.
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

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Source: CoinSpeaker

BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon?

Justin Sun’s Bittorrent (BTT) is gaining momentum on the weekend. The coin is presently soaring with 26.76 percent over the past 24 hours which makes it the 39th largest cryptocurrency in terms of market capitalization.
To remind, Tron founder and BitTorrent CEO Justin Sun on May 06, 2019 gave bold TRX and BTT price predictions. He strongly stated BTT will be back under Top 30 and TRX be back to Top 10 in June. However, at that time, BTT was spotted at No. 50 with about $130 million.
Nevertheless, at press time, BTT entered a top 40th position and stand at the 39th spot with average trading volume $223,471,253. BTT’s volume is currently soaring with 29.78% within the past 24 hours – and the value counts $0.001054 against US Dollar.
Sun had acquired BitTorrent in the year 2018, following which, Tron foundation announced BTT airdrop for TRX holders in February and recently on May 11, the firm announced the completion of 4th BTT airdrop. Seeing the present scenario and Sun’s challenge, it looks like the founder had a quite greater plan coming for both TRX and BTT.
While BTT stepped up its position from Top 50th to Top 39th, TRX still strives to enter top 10. TRX at the moment stands at 11th spot with trading volume $1,811,010,850. Along with BTT, TRX also soared by 3.58% within the past 24 hours.
In addition, According to Sun’s tweet, BitTorrent (BTT)’s launch on Tron network will take place in Quarter 2, 2019 – the similar time when Sun predicted his TRX and BTT will enter the zone of top 30 and top 10.
Source: Twitter
While Q2 is already coming to an end, it is really exciting to see whether Sun’s BTT will be stepped up under the top 30th zone.! Stay tuned with Coingape to know more about this.
Image Source – Shutterstock
The post BitTorrent [BTT] Ranks Under Top 40 With Gain Over 29% Growth, BitTorrent on Moon? appeared first on Coingape.
Source: CoinGape

Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC

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Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC
After the recent and most unexpected hack of the Binance exchange, in which 7,000 BTC were stolen, Justin Sun has publicly offered to donate 40 mln USDT to support the exchange and buy TRX, BNB, BTT and other coins with that money.
Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC

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Source: CoinSpeaker

Tron [TRX] will be back in top-10 by June and BitTorrent [BTT] will be in the top-30 by Q2, claims Justin Sun

With the cryptocurrency market showing early signs of a bull run and Bitcoin [BTC] on the verge of breaking $6000, the collective community is buoyant. Tron Foundation’s Justin Sun is one of them.
In a May 7 tweet, Sun predicted that TRX will break into the top-10 next month, while BitTorrent [BTT] will surge into the top-30 by the second quarter of the year. His tweet read,
“#TRON will be back to Top 10 in June! #BitTorrent will be Top 30 in Q2! Let’s wait and see! #BTT $BTT $TRX #TRX”
Tron was booted out of the top-10 in mid-March following significant price pumps for Binance Coin [BNB] and Cardano [ADA]. The former was boosted by its parent exchange’s revamped lottery system and by the success of the Binance DEX, while the latter saw a slew of partnerships with a European blockchain association and Ledger, the hardware wallet.
It can be speculated that Sun’s optimism was sparked by Bitcoin’s imminent price push above $6,000 which, as historical data suggests, would result in a collective market upswing. However, Tron has been witnessing a slew of isolated successes as well.
Hours prior to tweeting the prediction, Sun announced that Tron reached a block height of 9 million. Following the launch of TRXMarket, the platform’s decentralized exchange, the community has been pegged as a source of good investment leading to positive price movements for the coin.
Further, the network saw notable growth in its DApps as well. According to Mischa Lederman, a popular Tron proponent, the Sun-led network launched 167 new DApps in comparison to just 122 by Ethereum and 81 by EOS. This data points to a 68 percent growth within the Tron ecosystem over the past two months.
Another positive piece of news for the network is the ‘end’ to the bitter rivalry with Vitalik Buterin’s Ethereum. In an April podcast, Sun stated that he planned to “collaborate with lots of Ethereum developers,” and although no specific date or project was mentioned, the partnership is speculated to manifest this year.
The post Tron [TRX] will be back in top-10 by June and BitTorrent [BTT] will be in the top-30 by Q2, claims Justin Sun appeared first on AMBCrypto.
Source: AMB Crypto

Musk Trolling Ethereum for Real or As a Result of SEC Decision?

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Musk Trolling Ethereum for Real or As a Result of SEC Decision?
Crypto-Twitter is known for its hysterics. Elon Musk challenged this fact when he just tweeted “Ethereum”, and it went in a frenzy as expected, being re-tweeted more than 3000 times in only 2 hours.
Musk Trolling Ethereum for Real or As a Result of SEC Decision?

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Source: CoinSpeaker

Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem
Recently, TRON has partnered and acquired various leading firms in the blockchain arena in an attempt to create the best infrastructure for a practically decentralized Internet. Now the company takes over blockchain App store CoinPlay.
Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Source: CoinSpeaker

Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service
New BitTorrent Live streaming service will let users create their live content and find other people with similar interests.
Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Source: CoinSpeaker