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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…

Continue ReadingTron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron

On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to…

Continue ReadingTRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron

Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that…

Continue ReadingReports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival…

Continue ReadingFrom a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX