Tron | ForkLog

ForkLog 61 20.09.2024

TRON Reduces Transaction Fees by 50%

The transaction fees on the TRON (TRX) blockchain have been reduced by 50%, announced the project’s founder, Justin Sun. TRON Super Representatives approved a 50% fee reduction, effective in two hours. Combined with other measures this week, meme transaction fees on TRON are now among the industry’s lowest, expected to boost network and meme trading […]

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ForkLog 22 10.09.2024

Tether, TRON, and TRM Labs Form Alliance to Combat Illicit USDT Activities

Tether, TRON, and TRM Labs have established the T3 Financial Crime Unit (T3 FCU) to tackle financial crimes. The focus will be on preventing illegal use of USDT on the TRON blockchain. The TRON blockchain accounts for 60.78 billion tokens out of 118.37 billion in circulation, representing a 51.34% share, according to the stablecoin issuer’s […]

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ForkLog 27 22.08.2024

Tron Removes 12,000 BTC from USDD Reserves

The team behind the algorithmic stablecoin USDD within the Tron ecosystem has quietly removed an address holding approximately 12,000 BTC (~$716 million) from the asset’s reserves. This was highlighted by on-chain researcher Symbio. lmao @justinsuntron silently removed the 12.000 btc as USDD collateral recently and it’s now 100% backed by tron (except for 20mil. usdt). […]

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ForkLog 19 22.08.2024

Trader Achieves 443-Fold Profit on Meme Token SunWukong

An unknown trader acquired 43.8 million SUNWUKONG tokens on the TRON (TRX) network for $997, which at the time of writing have exceeded a value of $441,450. The trader continues to hold the asset. Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONG TDm2 bought $999.9 of SUNWUKONG before it exited @sunpumpmeme’s bonding […]

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ForkLog 26 21.08.2024

TRON Surpasses Cardano Amid SunPump Meme Token Platform Surge

On August 20, TRON (TRX) re-entered the top 10 cryptocurrencies by market capitalization, overtaking Cardano (ADA) on CoinMarketCap. Over the past week, TRX prices rose by 17%, surpassing $0.15 for the first time since May 2021. A key driver of the cryptocurrency’s growth was the launch of SunPump, a new platform for creating and trading […]

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ForkLog 37 12.08.2024

BitGo Partners with Justin Sun and TRON to Expand WBTC Custody

Custodial platform BitGo has expanded the jurisdictions for storing bitcoin used in Wrapped Bitcoin (WBTC) to Singapore and Hong Kong. This development follows a strategic partnership with TRON-affiliated firm BiT Global. BitGo is pleased to announce the move of its WBTC business to the world’s first multi-jurisdictional and multi-institutional custody via a unique partnership and […]

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ForkLog 8 08.07.2024

TRON to Introduce ‘Gas-Free’ Stablecoins

The TRON team is developing a solution for fee-free P2P stablecoin transfers, as announced by the project’s founder, Justin Sun. Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves. — […]

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ForkLog 41 19.04.2024

SEC Justifies Legal Pursuit of Justin Sun Due to Frequent US Visits

In a revised complaint against TRON founder Justin Sun, the SEC stated that his frequent visits to the United States provide grounds for legal action. In March 2023, the regulator accused the entrepreneur and three associated companies of an unregistered offering of securities in the form of TRON (TRX) and BitTorrent (BTT) tokens. The agency […]

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ForkLog 29 01.04.2024

Justin Sun and TRON Foundation Seek Dismissal of SEC Lawsuit

The SEC lacks the authority to regulate the sale of foreign digital assets to overseas investors on global platforms outside the United States. This is stated in the objection filed by TRON Foundation and its founder Justin Sun against the lawsuit submitted by the Commission. In March 2023, the SEC accused the entrepreneur and three […]

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ForkLog 17 29.03.2024

TRM Confirms TRON’s Dominance in Illicit Crypto Transactions

In 2023, the TRON blockchain accounted for 45% of all illicit cryptocurrency transactions. This primarily involved the USDT stablecoin from Tether, according to TRM Labs experts. Our Illicit Crypto Economy Report covers eight key trends we’re tracking from 2023, including a drop in overall illicit volume year-on-year. Get your copy here: https://t.co/zAVIymATB5. — TRM Labs […]

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ForkLog 8 25.03.2024

Binance to End Support for USDC on TRON Blockchain

On April 5, Binance will cease accepting deposits and withdrawals of USDC stablecoins issued on the TRON blockchain. This decision follows a month after the withdrawal of support by the issuer, Circle, for the asset on this network. Company representatives explained at the time that the decision was “the result of a corporate-wide approach that […]

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ForkLog 15 21.02.2024

Circle to Cease USDC Support on TRON Network

Circle has announced a phased discontinuation of support for its dollar-pegged stablecoin USDC on the TRON blockchain. 1/ We are discontinuing USDC on the TRON blockchain in a phased transition. Effective immediately, we will no longer mint USDC on TRON. Transfers and redemptions of USDC on TRON will continue to operate normally through February 2025. […]

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