TRX Falls 5% in 24 Hours Following Binance.US Delisting Announcement
TRON (TRX) price fell 4.81% in the last 24 hours after Binance.US announced it would delist TRX and Spell (SPELL) on April 18. The announcement cited factors such as tokens' risk profile, networks' resistance to internal and external attacks, smart contract stability, and evidence of unethical/fraudulent conduct or negligence as reasons for the delisting decision. TRX's price declined from $0.0666 to as low as $0.0632 within a few hours, while SPELL's price fell from $0.007953 to as low as $0.007510. Withdrawals for both assets will remain open even after the delisting is completed on April 18.
Binance.US to Delist TRX, Price Drops 5.4%
Binance.US, a cryptocurrency exchange set up by Binance to serve US customers, will delist the native token of the Tron blockchain, TRX, on April 18. The exchange said its digital asset monitoring process considers a range of factors, including changes in a token's risk profile, regulatory standing, and unethical conduct. The announcement follows the US Securities and Exchange Commission's legal action against Tron founder Justin Sun and three of his firms for the "unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT)." Binance will also delist Spell, a token associated with the lending platform abracadabra.money. (forkast)
Tron’s TRX Down 6% as Binance.US Delists Token
Tron’s TRX token has been delisted on Binance.US. TRX dropped 6.4% on the news, according to CoinDesk market data.
Just-In: Tron (TRX) Price Drops On Rumors Of Justin Sun’s Arrest; What’s The Truth?
What comes as a surprise to many, rumors are on the rise that Tron founder Justin Sun has been handcuffed by law enforcement officers in Hong Kong. The details shared on Twitter are vague, however, many have come forward to call it out as a deliberate attempt to FUD the crypto project. At the time of writing, TRX’s price succumbed to the ongoing rumor and has dropped by 1.2% in the minutes following the news.
Decoding How TRON [TRX] Surpassed BTC, ETH in Active Address Count
Tron (TRX) has surpassed both Bitcoin (BTC) and Ethereum (ETH) in terms of active address count. The article notes that this is a significant milestone for the Tron network, which has been steadily growing in popularity and adoption over the past few years.
SEC Sues Tron Founder Justin Sun for Securities Violations: A Closer Look at Tron Network and TRX Token
SEC alleged that TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.
SEC Charges Tron and Founder Justin Sun for Fraud and Securities Law Violations
Eight celebrities including Lindsay Lohan and Jake Paul were also charged for illegally touting Sun’s crypto asset securities.
Tron [TRX] Finds Impetus Thanks to Stablecoin Transfers in This Way
Amidst all the chaos in the crypto-markets following the collapse of crypto-friendly banks, Tron [TRX]‘s ecosystem shared its latest weekly report. In doing so, it provided updates on some of its key performance indicators (KPIs).
Tron [TRX]: Growing Deflation, Increasing Transactions, Other Key Highlights
TRON [TRX] shared a report on the network’s notable developments that took place in the last week. One of the highlights was the significant increase in the deflationary pressure exerted on the native coin.
Binance Raises Withdrawal Fees For Crypto Assets On Tron Network
Crypto exchange Binance on Friday announced raising withdrawal fees for all major cryptocurrencies on the Tron (TRX) network.
TRON DAO Establishes Artificial Intelligence Development Fund
TRON DAO is encouraging the blending of artificial intelligence technology with blockchain technology, announcing last week the establishment of a $100M USD Artificial Intelligence Development Fund. Four areas of focus have been initially identified: A.I. Service Payment Platform, A.I. Infused Oracles, A.I. Informed Investment Management Services, and A.I. Generated Content. However, innovators and developers whose imaginations arrive at further use cases should absolutely consider applying for funding and pitching their unique ideas, as well.
TRON Hits New Milestones: 140 Million Accounts
According to the latest data from the blockchain browser TRONSCAN, as of February 2, 2023, the total number of TRON accounts reached 140,044,608, officially exceeding 140 million. TRON’s various data are progressing steadily. While the TRON ecosystem is getting stronger and stronger, it will also usher in more trading volume.
Tron’s Justin Sun Wants 5 Countries to Adopt TRX as Legal Tender in 2023
Tron’s founder and former CEO, Justin Sun, has shared an ambitious goal of having at least five countries adopt TRX as legal tender by the end of this year.
Tron’s USDD Stablecoin Depegs, TRX Drops By 8%
As per the data, Justin Sun’s Tron USDD Stablecoin is de-pegging heavily and it could be in the process of collapsing. USDD which is meant to trade at $1 is now valued at $0.976, at the press time. It is almost 5% down from its fixed value.
Tron: A Price Pullback to This Previous Support Will Offer Buying Opportunities
TRON [TRX] fell by 2.9% after a recent near-term price reversal. The recent correction followed after price rejection at the $0.05488 level, turning the level into a major short-term resistance.
At the time of writing, TRX was trading at $0.05374 after breaking key support at $0.05353 and retesting another at $0.05327.
The bears had the upper hand in the market by press time. Therefore, TRX could retest these support levels again or break lower to a previous support range of $0.05187 – $0.05224.
Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
Tron founder Justin Sun is one of the richest figures in crypto, and a good chunk of his bitcoin (BTC) is stored in one place: U.S.-based Valkyrie Investments.
Tron Becomes Second Largest Chain by TVL; Does This Mean Celebration for TRX
The Tron network can be considered as one of the blockchains that have managed to achieve noteworthy growth so far this year. The network is about to end 2022 on a positive growth trajectory after dethroning the Binance Smart chain to become the second largest crypto network by TVL.
Machine Learning Algorithm Sets TRON (TRX) Price for Christmas Day 2022
As the final month of 2022 rolls in, the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency market</a>, along with TRON (<a href="https://finbold.com/cryptocurrency/tron/">TRX</a>), is trying to offset the losses it suffered throughout the year, affected by various macroeconomic factors, as well as developments in the sector, including bankruptcies of major participants.
TRON [TRX] Is Ready for a Further Rally; Investors Can Profit From This Level
<a href="https://ambcrypto.com/?s=TRX">TRON (TRX</a>) is poised to rally further as technical indicators point to a massive uptrend. At press time, TRX was trading at $0.05349 and looked primed to break through current resistance at the 38.2% Fib level.
Tron, Its Latest Update, and How It Affects TRX’s Much-Anticipated Rally
In a tweet dated 4 December, TRON announced that the ecosystem would be making changes to its protocol. Notably, the fee limit parameter for the TRON protocol would increase from 10,000 TRX to 15,000 TRX.
