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 […]
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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

Coinspeaker
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

Tron [TRX] Price Plunges 5% as Justin Sun Postpones Lunch with Warren Buffet

The much-awaited event of this week became a bit of a downer. The charity lunch event between Warren Buffet and Justin Sun has been postponed due to medical reasons cited by Sun. No date has been set after the rescheduling for now.
Tron Foundation’s Notification (Twitter)
The Tron Foundation notified the crypto-Twitter community about the postponement at about 21: 30 hours UTC on 22nd July 2019. The price of Tron [TRX] has dropped from $0.0288 by about 5.18%. Hence, it seems that the market was looking forward to the lunch and something good out of it.
The price of TRX at 3: 20 hours UTC on 23rd July 2019 is $0.0286.
TRX/USD 4-Hour Chart on Binance (TradingView)
The charity lunch with Warren Buffet is an annual event whose proceeds will be donated to the Glide Foundation. Justin Sun had won the auction with a record bid of $4.57 million. Hence, for Sun and the crypto-community, it represented more than just a charity event.
Warren Buffet has always been dismissive of Bitcoin and cryptocurrency. He had once described them as ‘rat poison squared.’ Hence, the market was probably hoping for a positive comment from Buffet on cryptocurrency.
Furthermore, since Justin was at the helm of things, Tron [TRX] supporters seemed to be expecting a little more specific more the lunch – some even speculated on a partnership. However, that is purely speculation given Buffet’s original stand cryptocurrencies.
Justin was also given the privilege to invite ‘friends’ at the lunch event. Sun has approached a couple of leading figures in the cryptocurrency industry. Changpeng Zhao, the CEO of Binance, had rejected the invitation earlier politely.
Charlie Lee, the lead developer and CEO of Litecoin Foundation and Jeremy Allaire, the Co-Founder and CEO of Circle, have accepted the invitation until now.
Moreover, hours before the delay was announced, Justin has also sent an invite to Chris Lee, the CFO, and VP at Huobi Global. Chris Lee also gladly accepted the invite.
Do you think that Justin and group will be able to convert Warren to a crypto-enthusiast? Please share your views with us. 
The post Tron [TRX] Price Plunges 5% as Justin Sun Postpones Lunch with Warren Buffet appeared first on Coingape.
Source: CoinGape

This Week in Cryptos: All Eyes on Sun- Buffet Lunch While Bitcoin Dominance Grows

Key highlights

Its less than a week for Sun- Buffet Lunch
5 Top Cryptos are now dead
Grin executed first hard fork
ZCash conducts “friendly fork”
Bitcoin now over 65% dominance

Its less than a week for Sun- Buffet Lunch
The upcoming lunch between Tron CEO Justin Sun and billionaire Oracle of Omaha Warren Buffett has grown further. After inclusion of Litecoin creator Charlie Lee and Jeremy Allaire, the CEO of Circle, Helen Hai, Founder of Made in Africa Initiative, Head of Binance Charity and Goodwill Ambassador, UNIDO Regional Office has accepted the lunch invite. Sun seeks to help Buffett, a vocal Bitcoin skeptic, see the light for cryptocurrency’s ability to impact the world positively, as well as an asset class worth exploring

It is my great honor to join @justinsuntron and @WarrenBuffett next week to discuss crypto & philanthropy. https://t.co/FW7ZYT4ky9
— Helen Hai (@HelenHaiyu) July 21, 2019

Hi Justin, I would be honored to join you and @WarrenBuffett next week to discuss crypto!! Count me in. Crypto is now a major global policy issue and there is a great deal for Mr Buffet to understand and for us to learn from him as well. https://t.co/PGY8bXQBcZ
— Jeremy Allaire (@jerallaire) July 18, 2019

5 Top Cryptos are now dead
The “Survival of the Fittest” has come to cryptos and a lot of coins that came in the frenzy of 2017 are dying slowly. A report by leading media house has noted five tokens pronounced “dead” for a variety of reasons. The list includes Emercoin, NEM, Bitconnect, Bitcoin Diamond, and Universa, for reasons running the gamut from theft, Ponzi Schemes (you know which one this is), low liquidity, and lack of liquidity.
Grin executed a first hard fork
Grin has already gained a lot of limelight due to its privacy features. This week, it added another milestone as the coin -Grin executed first hard fork. With the backward-incompatible fork, the company blocked the possibility of mining the coin with Application-Specific Integrated Circuits (ASICs), along with the integration of “bulletproof rewind scheme” for its wallets. Grin developer John Tromp revealed that the decision to execute a hard fork was taken even before the launch of the digital currency in January.
ZCash conducts “friendly fork”
Another privacy coin, another fork story but this time a friendlier one. This week, the privacy-oriented cryptocurrency Zcash spawned a new blockchain network called Ycash. This fork is the first of its kind to boast a near-identical codebase to the Zcash blockchain but function as a separate network and de facto competitor. First announced in April, the effort is spearheaded by long-time Zcash supporter Howard Loo.
Bitcoin now over 65% dominance
Bitcoin Dominance has been on the rise this week as the dominance number sits above 65%. Even though many cryptocurrency enthusiasts and investors are still hoping for an altcoin bull season, the data shows that BTC market dominance is not showing any signs of slowing down. What this shows us is that investors have been betting heavily on Bitcoin and are not so sure about altcoins – even major ones.
The post This Week in Cryptos: All Eyes on Sun- Buffet Lunch While Bitcoin Dominance Grows appeared first on Coingape.
Source: CoinGape

TRON [TRX] is Up with Over 11% Amidst New Partnership with NY Fintech Firm

The weekend is getting quite exciting for TRX holders as the value of XRP began surging. TRX, which was ranked as the 11th spot had recently outperformed to capture the 10th largest cryptocurrency rank on the graph of Coinmarketcap (CMC).
TRX Ranks #10
TRON (TRX) is currently standing on the 10th spot on CMC by enjoying the growth of 11.52 percent over the past 24 hours. At the moment, the token is trading at $0.028 against the US Dollar with a current market cap $1,888,792,651.
Source: Coinmarketcap
Data provided by CMC states that TRX is largely traded against USDT (Tether), BTC (Bitcoin), majorly on OKEx, BW.com, HitBTC, DigiFinex, IDCM, Huobi Global, Binance and more.
While the community is still determining the reason behind the spike in the value of TRX, few observers think that it can be an indirect influence of TRX’s recent adoption by a New York-based fintech company, Carbon. Subsequently, reports surfaced on July 18, revealing the partnership between Tron and Carbon, a FinTech company that aims at making blockchain apps more user-friendly.
Partnership Between TRON & Carbon
Per the partnership, Carbon supports TRON blockchain by enabling credit card purchases of cryptocurrencies via Carbon’s fiat gateway product, Fiber. It means that users can purchase any TRC20 tokens and other cryptocurrencies with the credit card. To do this, users will have to use Carbon exchange, Carbon-enabled wallet or through a dApp which will allow users to receive RX, BTT or TRXD stablecoin within minutes. Besides, users can also engage with the credit and debit card purchases even outside of the United States.
Talking about the latest collaboration, Justin Sun, founder of the TRON Foundation and current CEO of BitTorrent states that;
“We’re always looking for simplicity and ease of use for the TRON community, and these types of collaborations are extremely important to bringing buyers and sellers together in our growing dApp ecosystem.”
Carbon is working on making credit & debit card payments streamlined to purchase tokens. The press release further reads that the decentralized financial product like TRXD, Fiber and TRON’s other integration will act as the backbone of a robust ecosystem that enhances its reach across a number of users.
Image Source – Carbon Blog
The post TRON [TRX] is Up with Over 11% Amidst New Partnership with NY Fintech Firm appeared first on Coingape.
Source: CoinGape

Men over Boys: Justin Sun taps seasoned professional Jeremy Allaire for Buffett lunch

Justin Sun has graduated. Amidst the Libra-hangover that the entire industry is still dealing with, an important event has slipped away from the limelight. The much-talked about lunch between the digital asset industry’s master marketeer, Tron’s Justin Sun, and Berkshire Hathaway’s Warren Buffett is on the horizon, and the guest list has another name. Scheduled […]
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Source: AMB Crypto

OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’

Coinspeaker
OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’
Now, with the lunch date set for Thursday, July 25, speculation is rife that Sun will invite a selection of dignitaries from the world of cryptocurrency and blockchain to meet Buffett. Among those likely expected at the lunch is OKEx executive.
OKEx Executive May Make Appearance at Tron Buffett ‘Power Lunch’

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Source: CoinSpeaker

Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch

While Facebook’s involvement with cryptocurrency has pulled in mainstream attention, it has overshadowed the decade-long innovations led by crypto technologists. In an effort to clear some of this fog, Tron CEO Justin Sun took to the Internet to share his recipe for success amidst the turbulent crypto market. Sharing his first secret, Sun said, “The […]
The post Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch appeared first on AMBCrypto.
Source: AMB Crypto