News
Once the cheapest blockchain for transferring USDt, Tron saw its USDt gas fees skyrocket above $9 in late 2024, according to data from Tether.
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Tron (TRX) Crypto News
Launched in June 2018, Tron is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, Tezos, Cardano and EOS. The blockchain is secured through a delegated proof-of-stake system that sacrifices some degree of decentralization for speed and efficiency. The network is powered by its native protocol token, TRX, which is used for payments, miner rewards and voting.
The project’s reveal proved controversial when it was discovered that the white paper had been largely plagiarized, directly copying material from high-profile works such as Ethereum, the InterPlanetary File System, distributed hash tables, etc. Founder Justin Sun has claimed this was the fault of volunteer translators.
The Tron long-term roadmap consists of six phases that consecutively roll out new initiatives to provide P2P file sharing (now supported by Tron’s acquisition of BitTorrent), content creation, crowdfunding and gaming.
While most of Tron’s network activity is currently driven by gaming and gambling DApps, Sun’s strategic acquisitions clearly slot themselves within the roadmap, perhaps with the intention of accelerating development and adoption without building from nothing.
- Report
In 2024, Tron reached several important milestones, outpacing both Bitcoin and the broader altcoin market and expanding its user base.
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Tether, Tron and TRM Labs worked with Spanish authorities to destabilize a pan-European crypto laundering scheme.
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Brian Armstrong, CEO of Coinbase, says the exchange needs to revamp its token listing process to keep up with the surge in new token creation.
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The Ethereum blockchain’s earnings from fees saw a 3% year-on-year rise from 2023 to 2024 despite the Dencun upgrade early last year, which reduced network fees.
2815 - Investigation
Wallets suspected of contamination in Q4 2024 still hold $31.5 million, AMLBot says.
2876 - Analysis
Hong Kong is using tokenized legal notices to target anonymous crypto wallets containing stolen assets.
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Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.
4719 - Altcoin Watch
Tron "god candle" appears as TRX price soars 70% in 24 hours to hit a new all-time high of $0.45 and re-enter the top 10 cryptocurrencies.
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Some cryptocurrencies are already displaying signs of an early altseason, including Hedera’s HBAR, which has rallied 763% in the past month.
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Justin Sun purchased $30 million worth of tokens from Donald Trump’s World Liberty Financial, making him the largest investor to date.
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Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
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The artwork consists of a regular store-bought banana stuck to a wall with duct tape. It sold in New York for four times the estimated sales price.
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Nansen and Tron team up to take advantage of each other's strengths to bolster their services.
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According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.
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