In the lawsuit pitched by the U.S. Securities and Exchange Commission (SEC) against Tron’s brainchild, Justin Sun, and his enterprise Rainberry, a judicial nod has been granted for an extended timeline for the defense. Sun now has until December 8, 2023, giving his attorneys a broader window to “explore possible resolution of the SEC’s claims…
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Huobi Global, a prominent cryptocurrency exchange, is at risk as investments in the staked USDT (stUSDT) project soar to $1.8 billion. The project, spearheaded by crypto entrepreneur Justin Sun, promises 5% returns tied to low-risk securities like government bonds. However, according to a Bloomberg report, Huobi’s heavy involvement in the project raises concerns about the…
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The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s holdings. FTX Wins Approval to Offload $3.4B in…
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Huobi’s new name HTX stands for exchange, the blockchain project Tron and the company’s 10th anniversary. Cryptocurrency exchange Huobi is celebrating its 10th anniversary with a controversial marketing move — the firm is rebranding from “Huobi” to “HTX,” echoing the name of the bankrupt exchange FTX. Huobi officially announced its rebranding on Sept. 13, renaming the…
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A potential liquidation of FTX holding tokens will have a significant impact on the market as the figure hits $1.3 billion in assets, experts opine. Justin Sun, the founder of Tron Network is contemplating making a bid for the assets held by FTX to reduce the impact a sale could have on the market as…
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Tron founder Justin has predicted that the market is poised to enter a new bull cycle within the next two years. Speaking at Korea Blockchain Week 2023, Justin Sun expressed optimism for the upcoming bull run. He said that the industry has been undergoing a deleveraging process over the past year, requiring time to absorb…
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An obscure exchange with connections to Justin Sun, WhiteBIT, has sparked concerns after advertising a staggering Annual Percentage Yield (APY) of 24.8% to users depositing Tether (USDT) for a year on its lending platform, Protos reported. This rate is five times higher than the average USD money market rate, a glaring red flag for potential…
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Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations. Between August 5 and 6, Huobi saw outflows totaling $64 million, causing its TVL to drop to $2.5 billion, down from $3.09 billion on July 6, according to data from DefiLlama. … Read More:…
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Billionaire Tron (TRX) founder Justin Sun has predicted that tokenized know-your-customer (KYC) checks will become increasingly prevalent as regulations tighten, while offering his own identity token that grants holders “citizenship” in Dominica’s metaverse…. Read More: Billionaire Justin Sun Says Huobi’s ID Token Could Grant Citizenship in Dominica – Here’s What You Need to Know Read…
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Precocious billionaire tech and crypto entrepreneur Justin Sun just accused the brother founder of the world’s 13th largest cryptocurrency exchange by trading volumes Huobi of having illegally profited from HT token sales. HT is the native utility token of the Huobi exchange and its holders can receive substantial trading fee discounts…. Read More: Billionaire Justin…
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