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2022-12-21 20:03:01 TRON DAO Ventures to Empower Elite Blockchain Startups

The TRON DAO Ecosystem Fund intends to define decentralization, and TRON DAO recently announced the launch of TDV as part of that effort. TRON DAO has been actively seeking new development teams and startups interested in creating decentralized applications on the TRON blockchain. Existing projects built on other Layer 1 blockchains that have thriving communities and established MVPs are also desired. TDV was launched to support the best of both – the elite teams #BUIDLING in the TRON ecosystem AS WELL AS the proven projects able and willing to bridge synergistically into the TRON ecosystem. TRON DAO leaders believe in a decentralized, multi-chain future with seamless interoperability. For projects built on other Layer 1 blockchains, the chance to coordinate strategically for cross-chain functionality is ideal and will spur industry innovation toward mass adoption and recognition.

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2022-12-20 22:52:01 South Korea freezes US$93 mln in assets of former Terra-Luna associates

A South Korean court has approved local prosecutors’ request to freeze assets of about 120 billion Korean won (US$93.3 million) belonging to seven former associates of Terraform Labs Pte. Ltd., according to local media reports.The seven former associates consist of three early investors and four core developers of Terra-Luna who are accused of collectively earning the US$93 million by selling LUNA that they attained prior to the officially disclosed issuance, local news outlet Ilyo Shinmun reported Tuesday.Local prosecutors also reportedly accuse them of issuing Terra stablecoin and Luna cryptocurrency without telling investors that the tokens cannot be adopted as payment measures.

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2022-12-19 23:52:02 LUNC News: Controversial Proposal Separating Terra Classic From TFL, Do Kwon Passes

The controversial Proposal 11030 by Terra Rebels to separate the Terra Classic (LUNC) community from Terraform Labs and Do Kwon is seemingly passing. TFL staff Jared indeed pointed out earlier that it’s better for Terra Classic to separate from Terra (LUNA). Terra Rebels’ controversial Proposal 11030 to seek 937,500,000 LUNC worth $150,000 to separate Rebel Station from TFL backend assets and infrastructure has passed. The proposal is part of the Terra Classic Revival Roadmap to become independent of TFL and Terra founder Do Kwon.The community voted in favor of the proposal, with over 71% voting “Yes” and nearly 6% voting “No.” Over 20% have voted “Abstain” due to the controversial factor of solely depending on a team of volunteer developers for the future of Terra Classic.

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2022-12-18 22:55:11 Analyst That Called Last Crypto Collapse Says Ethereum-Based Altcoin Mirroring Terra (LUNA) Crash

The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin.The pseudonymous trader known as Capo told his 690,000 Twitter followers in May that Waves could be the “next LUNA,” the native token of the Terra ecosystem which went to zero in the same month.Now, Capo says that his call on WAVES could be coming to fruition and that the altcoin’s recent downward move could just be getting started.

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2022-12-17 19:25:07 TrueUSD launches TRON-based stablecoin TCNH pegged to Offshore Chinese Yuan

The TrueUSD (TUSD) team announced the release of a new stablecoin, TCNH, linked to the Offshore Chinese Yuan (CNH) at a 1:1 ratio. TCNH will be deployed on the TRON (TRX) blockchain, where users can buy, hold, and trade the token. Offshore currencies are defined as those that are held and exchanged outside of the nation that issued them while also not being subject to the financial restrictions of the issuing country. They are often used for foreign currency reserves, overseas investments, and international settlements. TrueUSD products, it is audited by some of the most prestigious accounting firms in the world.

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2022-12-16 22:25:01 Tron Founder Justin Sun Withdraws 100M BUSD From Binance

Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday pointed out that 100 million USDC transferred by Justin Sun to Binance is part of deploying BUSD on Tron through cross-chain swaps.PeckShield Alert in a tweet on December 14 revealed that a wallet address associated with Justin Sun has withdrawn 100 million BUSD stablecoin from Binance. The Etherscan transaction cited showed that 100,000,311.866 in Binance USD (BUSD) was transferred from Binance 15 wallet to 0x9f84 at 08:56 AM UTC.

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2022-12-15 19:25:00 LUNA Classic and Terra 2.0 Gets A Breather But Still Rewards Smaller Than Bitgert

Though the market still looks bullish, with the likes of Terra (LUNA) and LUNA Classic (LUNC) still likely to lose most of the gains made, crypto investors believe the market breather might keep these coins stable today. However, Bitgert (BRISE) is expected to remain one of the most attractive coins in the market. In fact, Bitgert (BRISE) has rewarded its investors bigger than Terra (LUNA) and LUNA Classic (LUNC) this month. Looking at the charts, Bitgert has been pumping bigger than LUNC and LUNA this December. Therefore, it has rewarded its investors bigger than Terra 2.0 and Terra LUNA Classic this month.the crypto market experienced a breather, with Terra (LUNA) and LUNA Classic (LUNC) being among the coins that posted stable price growth.

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2022-12-14 19:25:00 Tron's Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the time of writing. Tron’s stablecoin USDD is the eighth largest dollar-pegged token and it’s ranked 57 in terms of the largest market capitalizations among thousands of crypto assets. On Monday, Tron’s stablecoin dropped down to $0.969 per token at around 2:51 a.m. (ET) and at around 8:00 a.m., USDD is exchanging hands for $0.979 per unit.

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2022-12-13 19:25:08 Terra co-founder Do Kwon hiding out in Serbia, authorities say

South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea. The global manhunt for Terraform Labs' controversial founder and CEO Do Kwon continues to rage on, with South Korean authorities now believing he's in Serbia after leaving Singapore in September. According to a Dec. 11 report from Chosun Media, South Korean authorities followed a tip-off concerning Do Kwon's whereabouts suggesting he is now in Serbia and has been able to confirm it. "Recently, we obtained intelligence that CEO Kwon was in Serbia, and it was found to be true," an official told the outlet.

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2022-12-12 18:41:01 Tron's Justin Sun 'Deploying More Capital' to Stop Stablecoin USDD's Slide

On Monday morning, Justin Sun took to Twitter to announce that he had swapped roughly $773,000 worth of Tron’s native stablecoin USDD. mimicking a tweet from Terraform Labs CEO Do Kwon just prior to Terra’s collapse in May. Sun included transaction data that showed him swapping more than $203,000 in USDC and $570,000 in USDT for the USDD stablecoin. Normally pegged to the price of the greenback, the stablecoin has traded below $1 since the end of October. The token did, however, drop to its lowest point ever of $0.97 today.USDD is at $0.98, following Sun’s hefty swap.

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