The General Protocols startup is developing its Decentralized Finance (DeFi) vision on Bitcoin Cash after raising more than $1 million in a seed funding round. This round of funding allows the Singapore-based team to develop their flagship product AnyHedge on Bitcoin Cash. Anyhedge is an open source derivatives tool that exchanges and OTC desks can embed allowing them to create new markets with smart contracts. The funding came from investors including cryptocurrency trader Marc De Mesel and BCH ‘thought leader’ Molecular, and the team includes two former Bitcoin.com employees and individuals who helped build the voluntary BCH Cash fundraising project …

The Tron Foundation is once again mired in controversy over an as yet unverified allegation that it secured a ~$2 million grant from the United States’ federal relief program for small businesses hit by the pandemic downturn. The official WeChat account of a Beijing-based subsidiary, “Tron,” appears to have circulated the claim on May 5: Screenshot of a purported WeChat post from a Beijing-based subsidiary. Source: WeChat The WeChat post claims that the Tron Foundation in the U.S. successfully applied for a loan from the Paycheck Protection Program (PPP), which was rolled out by the Small Business Administration (SBA) as …

Amid its ongoing war with crypto, video giant YouTube has signed a new deal with one of the world’s biggest popular YouTubers. PewDiePie, the top-subscribed independent video maker on YouTube, now has to leave blockchain video platform Dlive to stream exclusively on YouTube. YouTube officially announced the news on May 4, with PewDiePie claiming that the agreement was a “natural fit.” In April 2019, PewDiePie had signed a partnership with blockchain-based content sharing platform Dlive. PewDiePie, whose real name is Felix Kjellberg, said that he decided to stream via DLive because he was treated “like a real partner,” noting that …

Over the past week, Cointelegraph has participated in Virtual Blockchain Week — a pandemic-proof crypto conference that invited participants from all over the world to join talks with some of Blockchain’s greatest luminaries. At the start of the week, famed venture capitalist, Tim Draper, doubled down on his prediction that Bitcoin (BTC) will reach $250K per coin by 2023. “That's my prediction. Sticking with it. I'm very confident that that is going to happen.” said Draper, when pressed on the topic. He believes that massive commercial adoption around the world will send Bitcoin’s price into the stratosphere. This gels well …

The world is currently witnessing its worst crisis in decades, which dwarfs even the previous financial crisis. Even when traditional asset classes like equities and crude oil are struggling, Bitcoin (BTC) has held out exceedingly well. Travis Kling, the head of crypto hedge fund Ikigai, said that the top-ranked cryptocurrency on CoinMarketCap has preserved wealth for its investors as its price has “increased 0.60% from the end of February to the end of April amidst one of the most catastrophic economic events in history.” Crypto market data daily view. Source: Coin360 With Bitcoin halving less than nine days away, the …

Speaking at the Virtual Blockchain Week (VBW), Tron founder Justin Sun presented his side of the recent events involving Tron’s "partnership" with Steemit Inc, and the subsequent hard fork that resulted in Hive (HIVE) forking away from Steem (STEEM). During February, it was reported that Justin Sun had acquired Steemit Inc alongside the platform’s founder’s reward of 20% of the total STEEM token supply. In response to the purported acquisition, the Steem community moved to initiate a fork to freeze the reward. Sun rejects the narrative of Tron "acquiring" Steemit Inc At VWB, Sun stated that he does not think …

New analysis of the top 10,000 Ether wallet addresses certainly paints a very bullish picture for Ethereum as it moves towards Proof-of-Stake consensus. However, it also suggests that some highly questionable practices are being employed by certain major cryptocurrency exchanges and Ether (ETH) whale accounts. The Poloniex/Tron axis According to the report’s author, Adam Cochran, when Circle bought Poloniex back in February 2018, it moved assets into better cold wallets and had strong reserves. However, when the exchange was acquired by a group that included Tron’s Justin Sun, it is speculated that some of these cold wallets were drained to …

The Tron (TRX) project announced on April 27 that apps built on its blockchain will be featured in the Samsung Galaxy Store. Owners of Samsung smartphones in specific countries will see Tron decentralized apps, or DApps, in an alternative app store. Tron and its tokens were already supported by Samsung’s Blockchain Keystore, which stores private keys in a secure memory compartment. The integration was announced alongside Bitcoin (BTC) and Ethereum (ETH). As indicated by Tron, the Samsung store will feature “applications like Blockchain Cuties, Super Player, Meerkat Mining and Timeloop.” It is worth noting that Blockchain Cuties is a multi-platform …

Tron described its recent listing on Ledger wallet's Ledger Live software as a move for both parties to continue the expansion of the crypto space. "It was in our mutual interest, to further develop and promote the crypto ecosystem," a Tron representative told Cointelegraph. "The rapid growth in the crypto and blockchain space is evident and the users demand more functions and creative solutions to advance the security, usability, and all-in-one stop." The addition gives users more options Tron recently saw its proof-of-stake TRX coin added to Ledger Live, the desktop software for hardware wallet provider, Ledger, on April 16. …

Ethereum’s Vitalik Buterin lamented what he regards as an example of the “Justin Sun dictatorship,” after the TRON (TRX) founder was implicated in yet another plagiarism controversy. A recent rebranding of the BitTorrent File System (BTFS) was met with outrage by Juan Benet, creator of IPFS — or Interplanetary File System. Benet pointed out similarities between the new BTFS logo and that of IPFS, and alleged that the similarities don’t stop there. He tweeted: “Aaaaaahahaha it’s not enough to fork all our code, rebrand it and lie its theirs; copy paste random chunks of our papers, and defraud their investors …

Leading hardware wallet producer Ledger announced that its official wallet software now supports Tron (TRX). According to an announcement, Ledger Live — the official wallet software for Ledger’s hardware wallets — now allows its users to manage their Tron addresses. Furthermore, Ledger hardware wallet owners can also stake their TRX directly from the software. The announcement reads: “You can now manage your Tron (TRX) into Ledger Live and stake them, which means getting rewards without doing anything!” Ledger also announced that — to celebrate the added Tron support — the firm is holding a contest. Among the users who participate, …

Major Steem stakeholder Dan Hensley has levied heavy accusations at TRON founder and CEO Justin Sun. According to Hensley’s April 8 writeup, Sun “bribed” his way to the top of the Steem hierarchy with “money, power and users.” As Cointelegraph reported in early March, Steem was the subject of what many supporters deemed a hostile takeover by Justin Sun. Hensley’s latest allegations shed new light on how the TRON founder allegedly influenced prominent Steemians into doing his bidding. A TRON representative declined to comment on this story. In a conversation with Cointelegraph, Hensley described Sun’s intention to circumvent established community …