Authorities Arrest Developer With Ties to Tornado Cash

Earlier this week, Netherlands’ financial watchdog the Fiscal Information and Investigation Service (FIOD) took a 29-year-old developer into custody. The FIOD carried out the arrest in Amsterdam due to suspicions of his involvement in money laundering operations using crypto mixer Tornado Cash. Tornado Cash Facilitating Crypto Crimes The arrest comes shortly after the US Department of Treasury announced sanctions against the privacy protocol. In a release, the Treasury cited Tornado Cash’s role in various crypto crimes since its inception in…

Tron Version Of ‘Bored Ape’ Bought for $15 Million By Tron Founder

An ape NFT from "Bored Ape Yacht Club Tron," a Tron network "homage" to the original Bored Apes, sold for $15 million dollars. The person who bought it was none other than Tron network founder Justin Sun. Sun, a Chinese-American tech entrepreneur is also the CEO of BitTorrent, a popular torrenting app and a Chinese messaging app Peiwo. He claimed that his Joker-themed NFT, number 6666 in the Bored Ape Yacht Club Tron (BYAC Tron), is the most expensive Twitter…

Deutsche Boerse Introduces Solana, Tron and Polkadot ETNs through VanEck

Deutsche Boerse has added three new crypto exchange-traded notes (ETNs) in its exchange. It further expands to the previously listed ETNs like BTC, ETH, BCH, and LTC. According to Deutsche Boerse, it officially announced on Tuesday that anyone could trade its three new ETNs. The ETNs, Tron (TRX), Solana (SOL), and Polkadot (DOT), will be available on the Frankfurt Stock Exchange and Xetra. The three ETNs launched by the German stock market operator, Deutsche Boerse, are an addition to the other cryptocurrencies on the…

TRON TVL Hits $11B Amid Preparations for BitTorrent’s Launch 

The TRON (TRX) DeFi ecosystem counts another milestone in terms of total value locked (TVL). Justin Sun, its founder, made an official announcement on Twitter that TRON’s TVL has surpassed $11 Billion.  In an open letter he wrote on September 4, he mentioned how proud he was of TRON. He also acknowledged the growth that the project has seen since its launch in 2018.  TRON Evidently Grows Recently, TRON has hit the $11 Billion mark because of the general positivity…

TRON Founder Justin Sun Discusses BitTorrent Chain’s Launch in an Open Letter

The TRON founder, Justin Sun, recently unveiled an open letter to the TRON community. The letter details the future of the TRON protocol. Also, the founder revealed more information on the upcoming BitTorrent Chain launch.  TRON Has Had Massive Growth TRON's Super Representative Committee launched the protocol in June 2018. It has since developed into a network that handles transfer volumes of over US$10 billion every day. The TRON Blockchain's total assets are at over $50 billion. TRON decentralized financial programs have…

Which Crypto is Winning in The Race to PoS Mechanism?

The first digital currency to be introduced, Bitcoin, introduced a new consensus called proof of work, which aimed to secure the network. A miner does a lot of work(arithmetic calculation) and shows proof in proof of work. However, this system has many problems like high electricity costs. Therefore, it launched a new consensus PoS. Proof of Stake(PoS), introduced in 2012, allows a user to collateralize some assets to validate and release blocks. Since then, several cryptos have their versions of…

Liquid Crypto Exchange Halts ERC-20 and ETH Withdrawals Due to Rising Gas Fees

Liquid Global has temporarily suspended the withdrawals of ERC-20 tokens and Ether due to rising GAS fees. The Japan-based crypto exchange notified its users of the development via a tweet today. It further explained that the exchange planned to resume withdrawal services once GAS fees returned to normal.  Rising Gas Fees Costs a Major Concern  Ethereum gas fee costs constitute a significant concern for many stakeholders within the ethereum ecosystem. Ethereum has been plagued with rising gas fees on its…

TRON’s BitTorrent Now Available On Huawei Smartphones

Popular decentralized network, BitTorrent, is at the forefront of massive exposure to more than three billion people worldwide, thanks to a recent partnership between the world’s largest telecommunications equipment manufacturer Huawei and blockchain project TRON.  Huawei Lists BitTorrent According to a Monday announcement, over 3 billion Huawei users across 170 countries can now access BitTorrent, one of TRON’s portfolio projects, directly from their mobile devices.  The partnership saw Huawei adding four applications - BitTorrent, BitTorrent Pro, uTorrent, and uTorrent Pro…

WMA: Bitcoin’s uptrend is stalling as hodling reaches historic high

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $259 billion. Bitcoin moves sideways for most of the week and remains safe above the $9,000 level. Ethereum lost almost 2% of its value throughout the week. XRP continues to fluctuate slightly around the $0.175 level TRON makes the headlines with new DeFi products and ATM availability in South Korea Crypto Trends 29th of…

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