Following the news that Tron 4.0 is to be launched on July 7, marking the end to the Tron Odyssey version, the price of TRX is up by 13.5% week on week. Its developers also claim that Tron 4.0 will be small and medium developers’ first choice for building dapps, as well as that it’ll “become THE gateway for financial institutions and enterprise users to enter the world of blockchain.”
Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). An accompanying blog post said the SEC’s winning of a preliminary injunction in a U.S. court led to the decision because it barred Telegram from launching TON or distributing its gram tokens.
In collaboration with a cryptocurrency service provider, Tron has now launched a new feature that allows the buying of TRX with fiat currency in the Metal Pay mobile application. Furthermore, Tron users can also earn up to 5% cashback in MTL, Metal Pay’s proprietary tokens, on eligible transactions for sending and receiving United States dollars.
It is reported, that Samsung has added the support of TRX to its DApp store. According to the Samsung Developers website, Samsung Blockchain Keystore SDK v1.2.0 now contain APIs that allow TRX transactions.
It is announced, that the decentralized internet protocol TRON has plans to launch a blockchain gaming fund named TRON Arcade. According to the company, TRON Arcade is designed for the developers’ empowerment and it is counting on investment of $100 mln over the next three years. TRON CEO Justin Sun said, that TRON aims to solve existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology.
According to the TRON Foundation tweet, TRX and China’s largest Internet search provider Baidu will now cooperate on cloud computing resources. It has been stated, that Baidu Cloud and TRON will work to maximize inter-compatibility and build blockchain products based on Baidu Cloud.
More than a month ago, it was alleged that Ashwin Navin, BitTorrent’s co-founder, sold the company to the TRON Foundation for $140 mln. The news were confirmed today in the company’s blog post. The platform will continue to operate from TRON’s new central office in San Francisco, providing support for the latter’s global business growth and development. The acquisition sum is still unknown too, although previous rumors pegged it at $140 million.
Before, TRX had been built as an ERC-20 token on the Ethereum network. The migration started began on May 31 with the beta release of Odyssey 2.0, the platform’s mainnet software, and June 25 is marked as the move to TRON’s mainnet, away from the Ethereum (ETH) blockchain. However, the mainnet activation does not appear to have had an appreciable effect on the Tron price. TRX is currently up 1.9% for the day, which ranks 81st among top 100-cryptocurrencies.
The average price rise rate of the cryptocurrency market is 2-4% in the past 24 hours. Despite a negative trend and loosing almost 20% of value within the last week, TRX performed a healthy growth today and its price continues to go up, trading at $0.049 (press time), taking 10th place in the market cap list.
Today tenth-largest cryptocurrency TRX started the transition from the Ethereum network to its own independent blockchain, by launching the Tron mainnet, called Odyssey 2.0. The token immigration will take place from 21st to 24th June, and users will have to deposit their ERC-20 tokens at participating cryptocurrency exchanges to receive an equivalent number of TRX on the new blockchain. The full transition is planned to culminate on June 25.