Is Samsung on the Verge of Partnering with Justin Sun?

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Is Samsung on the Verge of Partnering with Justin Sun?
The crypto community is waiting for Samsung Developer Conference with bated breath. Will Samsung-Tron partnership be announced or it is not more than rumors?
Is Samsung on the Verge of Partnering with Justin Sun?

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Source: CoinSpeaker

Binance extends support for TRX staking after removing BTT and WIN trading pairs

Earlier today, Malta-based cryptocurrency exchange Binance revealed that it would be removing around 30 trading pairs. The exchange also removed two of the Tron Foundation’s tokens, BTT and WIN which were paired against BTC. Binance CEO Changpeng Zhao cited that reason behind this move was because of their low number which required users to trade […]
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Source: AMB Crypto

The Most Interesting TRON Takeaways from Justin Sun’s Q4 Livestream

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The Most Interesting TRON Takeaways from Justin Sun’s Q4 Livestream
On September 24, Justin Sun, the creator of Tron, revealed what developments and updates the community can expect to see in the near future.
The Most Interesting TRON Takeaways from Justin Sun’s Q4 Livestream

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Source: CoinSpeaker

Crypto Entrepreneur Pledges Match of Presidential Candidate’s Universal Basic Income Scheme

Justin Sun, the founder of the crypto asset network TRON and CEO of BitTorrent, has just announced that he intends to match a presidential candidate’s unorthodox campaign strategy. The crypto-friendly democratic candidate, Andrew Yang, has stated that he plans to use campaign funds to extend universal basic income of $1,000 per month to 10 people for the next year.
In a move clearly supportive of the candidate, Sun has pledged to give $1,000 of his own money to 100 people each month for the next year. The crypto entrepreneur has also offered a seat at his lunch date with legendary investor Warren Buffet.
Justin Sun Backs Pro-Crypto Candidate with UBI Match
Earlier today, The New York Times reported on democratic presidential candidate Andrew Yang’s announcement that he planned to award 10 people $1,000 per month for a year. The move would be a much scaled down version of the universal basic income package he plans for US citizens should they elect him president in 2020.
The legality of Yang’s “freedom dividends” have been called into question since he plans to finance them using campaign funds. However, Yang argues that the payments are not against federal law since they would not exist if it were not for the campaign.
Crypto entrepreneur Justin Sun today pledged to match Yang’s UBI experiment by extending the monthly $1,000 to another “100 ppl”. He gave scant few other details of his plans via Twitter:

Yang’s initiative to UBI $1k to 10 ppl per mth for 1 yr, I'll pledge UBI $1k to 100 ppl per mth in 2020! I'll pick 1 to attend lunch w/ me & @WarrenBuffett 2020! I'll let Yang assist me in picking the lucky 100! Join us! #YANG2020 @AndrewYang https://t.co/YQFnXwXtuf
— Justin Sun (@justinsuntron) September 13, 2019

Sun does not tell followers if they need to register interest in the competition, if it will be exclusive to US citizens, or if all entries must be a Tron holder. He also does not state if he will be paying the UBI in the crypto asset he founded, TRON.
He does, however, extend an invitation for one of the 100 recipients to join him at his lunch date with Warren Buffet. Yang will reportedly help him select who to bring along. The entrepreneur won a charity auction for the opportunity for him and a handful of others to have lunch with the legendary investor and cryptocurrency naysayer. He paid $4.6 million for the opportunity to turn Buffet around to his way of thinking. The lunch has already been postponed once due to apparent health concerns of Sun.
Already known to be joining Sun at the dinner is Jeremy Allaire, the CEO of Circle; eToro founder, Yoni Assia; Livio Weng, of Huobi; Charlie Lee, the founder of Litecoin; and a representative of exchange giant Binance. Each gave their agreement to attend the lunch prior to the now postponed date.
Presuming that those five names are still interested, that leaves two of the seven places yet to fill. With one going to the winner of the crypto entrepreneur’s UBI pledge competition, and President Trump looking increasingly like he snubbed his own invitation, it’s unclear who will fill out the table when the lunch is finally rescheduled.

Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I'd love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!
— Justin Sun (@justinsuntron) July 12, 2019

 
Related Reading: Crypto Crisis: Pro Trader Compares Altcoins To Crushing Student Debt
Featured Image from Shutterstock.
The post Crypto Entrepreneur Pledges Match of Presidential Candidate’s Universal Basic Income Scheme appeared first on NewsBTC.
Source: New feedNewsBTC.com

Justin Sun Plans to Make UBI a Reality, Announces Giveaway of $1.2 M to Support Yang’s Initiative

Following Andrew Yang’s presidential ambitions in which he announced to plans to give out $1,000 Universal Basic Income (UBI) to ten people every month, popular crypto wizkid and Tron boss, Justin Sun, has promised to give the same amount every month to 100 people in 2020.
$1k For 100 Families
The news comes when Justin Sun took to his twitter to make this announcement while retweeting The New York Times news item in which Yang’s plans of UBI was published. Justin Sun also promised to choose a lucky winner among the chosen 100 to attend his proposed lunch with the popular business tycoon, Warren Buffett. In order to achieve fair results, Sun also demanded that Andrew Yang, crypto enthusiast, and United States presidential aspirant help in the process of selecting the lucky 100 people.

Yang’s initiative to UBI $1k to 10 ppl per mth for 1 yr, I'll pledge UBI $1k to 100 ppl per mth in 2020! I'll pick 1 to attend lunch w/ me & @WarrenBuffett 2020! I'll let Yang assist me in picking the lucky 100! Join us! #YANG2020 @AndrewYang https://t.co/YQFnXwXtuf
— Justin Sun (@justinsuntron) September 13, 2019

While the community is responding to the two events in a number of ways, Sun’s UBI plans are of more importance and concern to the crypto community for a few reasons. Justin Sun has hit the headlines a few times this year already.

.@justinsuntron, your generosity will lift truly needy families from despair. Hopefully, everyone can start seeing the possibilities of UBI. @AndrewYang #Yang2020
— BootsieNemo 🧢 (@BootsieNemo) September 13, 2019

Sun Makes Mention Of Lunch With Buffett. Will It Be A Success This Time?
On several occasions, Sun made the headlines by reason of his proposed million-dollar lunch with Warren Buffett. Initially, this was a move Sun claimed was going to push crypto adoption as he planned to discuss crypto with other popular figures like Donald Trump. However, the plan was disrupted when Sun revealed that he had Kidney stones and was away for treatments, a reason for which the launch was postponed until further notice. Also, Sun had rendered some apologies for over marketing his project, Tron Foundation.
The post Justin Sun Plans to Make UBI a Reality, Announces Giveaway of $1.2 M to Support Yang’s Initiative appeared first on Coingape.
Source: CoinGape

Tron community rejoices after token gets listed on IDAXpro

The news of Tron CEO Justin Sun’s much-awaited lunch with Warren Buffett created a lot of waves within the Tron community today after it was revealed that it is still on its course. Another positive development is that TRX got listed on IDAX exchange, a move which will boost the token’s presence in the market. […]
The post Tron community rejoices after token gets listed on IDAXpro appeared first on AMBCrypto.
Source: AMB Crypto

Tron network records 500 million smart contract triggers; Tron-based USDTs in circulation continue to surge

The Tron Foundation’s native cryptocurrency, TRX, has been bouncing up and down CoinMarketCap’s cryptocurrency charts. The coin was once the 10th largest cryptocurrency in the market, maintaining its position for quite some time. During the last few weeks however, the coin has been plummeting down in terms of market cap and was found at the […]
The post Tron network records 500 million smart contract triggers; Tron-based USDTs in circulation continue to surge appeared first on AMBCrypto.
Source: AMB Crypto

TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability

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TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability
TRON’s founder, Justin Sun, has announced that the first version of Sun Network’s code is released. According to Sun, the side chain is one of TRON’s 100X scalability solutions.
TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability

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Source: CoinSpeaker

Justin Sun Plays Santa for Tron [TRX] Hodlers, Announces SUNNetwork’s Version 1.0 Release

Tron’s founder Justin Sun took to his Twitter handle earlier today to announce the forthcoming release of Sun Network’s version 1.0.
Source: Twitter
As per Justin’s tweet, the release is scheduled to take place on the 10th of August and this is one of Tron’s x100 scalable solutions. In this new development, DApp developers will be able to use the Tron platform to create a DApp chain and Sun Network’s 1.0 code to create their own sidechains.
Sun Network part of an expansion plan for Tron Network Ecosystem
According to Tron.Network, Sun network is a part of the plan to expand the Tron network ecosystem. It includes a range of features like cross-chain communications, smart contracts enabled side chains and DAppChain applications. DAppChain is a customizable side chain that enables DApps to function efficiently with low energy consumption. Sun Network will also provide unlimited capacity to TRON main network for supporting the growing number of transactions.
This news comes after Tron Foundation’s native cryptocurrency, TRX, recently featured in China’s list of top 10 cryptocurrencies, towering above Litecoin (LTC) and Ripple’s XRP. “King crypto” Bitcoin (BTC) couldn’t secure a spot among the top 10 as per Chinese CCID Research Institute report published by Forex Crunch about a week ago.
Meanwhile, 24 New DApps added to Tron
In a recent tweet made on the Tron Foundation’s official Twitter page, there were 24 new DApps newly added to the Tron blockchain. Presently, there are over 540 DApps on its blockchain and this figure is expected to grow in the coming months.
The post Justin Sun Plays Santa for Tron [TRX] Hodlers, Announces SUNNetwork’s Version 1.0 Release appeared first on Coingape.
Source: CoinGape

Justin Sun Attends SF Party Right After Postponing Buffett’s Lunch; Was Illness an excuse?

A lot seems to be happening around Tron Foundation’s Justin Sun recently. Less than 48 hours ago, the crypto entrepreneur penned a public apology with regards to postponing his controversial lavish $4.6 million lunch with the popular business tycoon, Warren Buffett. This was a lunch to which he had already invited a couple of other crypto influencers and evangelists in order to present the use cases of the blockchain to Warren Buffett.
Not until the now controversial apology was made public by Justin Sun recently did anyone believe Sun might truly have anterior motives as to why the lunch was ever publicized.
Sun apologized for a whole bunch of non-offensive endeavors. However, these only begs the question of whether or not Tron canceled his appointment with Buffett due to reasons of illness, Kidney Stones, to be specific.
Although, Sun explained he had used the Buffett’s lunch saga to “over-market” himself and his cryptocurrency establishment as a whole, in the guise of helping the general crypto populace to bring the 21st-century innovation to mainstream.
Now, does Sun have other motives? Why did he actually cancel his meeting with Buffett apart from “Kidney Stones”? At least, that couldn’t stop him from being in San Francisco a few hours ago to party with fellow Tron influencers!
Thursday night, supposed ill Tron’s Justin Sun who was reported to have Kidney Stones and needed medical attention and rest (reasons of which Warren Buffett had to wait for another appointment date) was sighted in San Francisco, at a party organized for Tron Influencers to have dinner.

#Tron party with @justinsuntron & @CryptoWendyO
It’s been a fun trip. I’ve got a lot of cool stuff for the channel coming soon. pic.twitter.com/toejAdeOdC
— ₿it₿oy (@Bitboy_Hodl) July 26, 2019

With regards to ” over-marketing” earlier mentioned in Sun’s popular apology letter, couldn’t this be a continuation of the old ways for which Sun seemed to apologize?
Justin also promised to reduce media engagements, interviews and was going to have a rest while he got himself fixed up. According to Tron,
“In the future, due to my illness, I will take some rest,” he wrote in the Weibo post. “All efforts should return to blockchain tech development from marketing and hyping.”
This goes in the completely opposite direction to be sighted in San Francisco a few hours ago for such reasons as a party.
The post Justin Sun Attends SF Party Right After Postponing Buffett’s Lunch; Was Illness an excuse? appeared first on Coingape.
Source: CoinGape

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

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 it is borderless, projects leveraging the technology operate from jurisdictions with different interpretations of blockchain. While some are against its applications, the majority are supportive though skeptical-even apprehensive, of cryptocurrencies.
To that end, the US Senate Banking Committee will hold an open session, the “Examining Regulatory Frameworks for Digital Currencies and Blockchain” on July 30. Even though clarifying information is scarce, the intention, according to reports, is to discuss regulatory framework around cryptocurrencies.
Away from the US, the rumor that Chinese authorities are detaining Justin Sun is false. The Tron co-founder likely landed in San Francisco earlier today as per a CoinDesk report.
Candlestick Arrangement

Presently, TRX bulls are firm, adding 8.8 percent in 24 hours. Furthermore, the coin is up 13.2 percent from last week’s close. Overly, this is indicative of demand.
From previous TRX/USD trade plan, prices must oscillate above 2 cents. The rationale is that the coin is trading within a bullish breakout pattern against the USD. Besides, the coin is mostly in range mode, trending within a 1.5 cents zone, with caps at 4 cents.
Additionally, there is support for TRX following the undervaluation of July 17, affirmed by the subsequent correction of July 18 through to July 21.
Therefore, as long as prices are trending above 2 cents, aggressive traders can buy the dips with targets at 4 cents as laid out in previous TRX/USD trade plans.
On the flip side, losses below 2 cents will heap pressure on TRX, forcing liquidation as sellers aim at 2018 lows of 1 cent.
Technical Indicators
Bullish, the short-to-medium term trajectory of TRX anchors on July 17 bear candlestick. Indicative of buy pressure because of the long lower wick, the bar has above-average trading volumes.
Although traders can buy the dips as aforementioned, better signals will be present if there is a break out above 3.1 cents. Accompanying this bullish signal ought to be high participation, preferably exceeding 23 million of July 23.
Conversely, losses below 2 cents, ushering in sellers should be with a similar level of participation. In that likelihood, TRX will likely tumble to 1 cent.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post Is Tron (TRX) Price Resurgence Linked to Justin Sun’s Possible Presence in the US? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Is Justin Sun Prohibited From Leaving China Due to Legal Issues? – Sun Clarifies

Reportedly, Justin Sun has been accused of fraud and illegal cybercrimes at the Chinese Courts. According to Chinese media sources, Justin is prohibited from leaving the country until the accusations against him are cleared.
According to the findings of the 21st Century Business Herald reporter, Justin Sun’s endeavors in China with Wave Foundation and Accompanying Me mobile application are, in reality, a ponzi scam and pornographic portal. According to the report, the mobile app also has some direct role in prostitution.
Recently, the Chinese office of Tron was stormed by the public after a woman attempted to commit suicide due to the financial losses faced in the ponzi scam. Tron Foundation and Justin Sun has denied all accusations and projected that Tron’s brand image was being exploited and they were not involved.
The news came at in the wake of the postponement of lunch with Warren Buffet by Justin Sun. Sun, who was very excited about the lunch and has accepted invitations of four other crypto-leaders from the industry.
This morning on 23rd July, he postponed the lunch until further notice due to kidney stones. However, the Chinese media reported that Justin might be detained at the Chinese Mainland until further notice because of the pending cases against him.
Sun is Admitted to the Hospital, Rebukes All Allegations
Justin Sun has replied to the Chinese crypto community on Weibo stating that all claims are false. According to him, Wave Foundation is not a front for money laundering, but an R&D firm based in Singapore. He clarified is a social media post,
There is no legal capital and cryptocurrency withdrawal channel for capital flow, and the nature of the business determines that it is only related to technology development.
On Accompanying me Mobile App, he said that the application is harmless and the users itself have spread the illicit graphic content. Moreover, he said that it is a ‘voice social product.’
Last but not least, he reaffirmed the people that he is willing to hold an open talk with the Chinese media. In another post, he also said that he had been admitted to the hospital. He said,
 …The donation to the Glide Foundation has been completed and is still valid.
Furthermore, the after-party organized post-lunch will also go forward as planned without Sun in the US.
Do you think that the allegations against Justin Sun are true? Please share your views with us. 
The post Is Justin Sun Prohibited From Leaving China Due to Legal Issues? – Sun Clarifies appeared first on Coingape.
Source: CoinGape

Sun-Buffett Lunch Postponed Due to Sun’s Health Issues

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Sun-Buffett Lunch Postponed Due to Sun’s Health Issues
TRON and BitTorrent CEO Justin Sun just postponed his lunch with Warren Buffett due to sudden health complications just three days ahead of the meeting, according to a post on Weibo.
Sun-Buffett Lunch Postponed Due to Sun’s Health Issues

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Source: CoinSpeaker

Tron falls by 11.44% in under 4 hours after Justin Sun’s ‘kidney stones’ announcement

Tron, the tenth-largest cryptocurrency on CoinMarketCap, has been on an uptrend recently. Rather, it had been, until the power lunch debacle. This morning, Tron’s official Twitter handle announced that Justin Sun’s lunch with investment mogul Warren Buffett was postponed owing to health issues. More specifically, due to kidney stones. TRON Foundation announces postponement of Warren […]
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Source: AMB Crypto