It seems that the man behind the legendary altcoin TRON, Justin Sun, is in the cryptocurrency news every single week. This week, we are seeing reports that show that Justin Sun has spent more than $20 million to supposedly gain the likes of new Twitter followers.
Sun has been bidding for even more recognition from the Twitter world by organizing an airdrop that is supposedly worth $20 million – which is not the reason he is giving things publicly.
As his recent tweet reads:
“To celebrate BitTorrent Token & Tether – TRON success, I am planning a USD 20 million free cash airdrop. Good news – it’s coming, bad news – I may decide to give away more! First, I will randomly pick 1 winner for a Tesla up until 3/27! To apply, follow me and RT this tweet! Simple!”
Obviously, the celebration might be the main reason for this giveaway. However, Justin Sun has been on the hunt for more followers on Twitter for a while, overtaking many project leaders behind some of the biggest altcoins in the top 20 . He has also paid big sums to promote his profile and was very delighted when he overtook Ethereum’s co-founder and main political figure Vitalik Buterin in terms of the follower count.
Ultimately, this giveaway may see Justin Sun reach the one million goal in terms of followers. Right now, Sun has around 950,000 followers which are increasing by the minute. Even though these followers don’t care much about his personal reasons, they are still in the loop.
As one Twitter user with a handle @SmokeyXBT wrote:
“Still not exactly sure how BTT was a success but as long as he gives away money I don’t care what his definition is.”
What is also interesting are the rules of the competition which are yet to be released. Even though many speculate that a single winner may take the $20 million USD worth in the airdrop, others claim that the winnings will be divided by some criteria.
Like him or not, Justin Sun is always doing his best to promote cryptocurrencies, promote TRON and in every single way get more followers to his work.
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Binance.US Begins Registration Today: 13 States Excluded
"Launching tomorrow, Binance.US is a fast and secure digital asset marketplace, delivering the world’s leading digital asset trading technology, speed, and experience to everyday users in America," the post said.According to an official blog post which went viral in the Bitcoin and altcoin news published on September 17, the exchange will start the registration at 8am ET on September 18 in most of the US states. The list will exclude the states of Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington.
“Although it is upsetting that we cannot offer Binance.US in [these] states [...] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home,” the post continues.Once the registration process starts, Binance.US will start accepting inbound transfers for Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT) and USD "upon appropriate account verification" as the exchange revealed. According to the announcement, there would be no trading fees until November 1st. A popular question in the coming altcoin news are the trading fees. As Binance.US stated in the post, they are an "independent entity" which means that any of the digital assets held by other trading venues or custody solutions "will not automatically transfer to Binance.US." The fees for personal accounts are 0.10% per trade (flat) which means that if you buy $100 of BTC, the fee will be $0.10. Binance.US also noted that the exchange will be separate from Binance.com since the former is a separate company operated by BAM Trading Services. Currently, US users and their digital assets will also be stored in Binance.US wallets. As many best cryptocurrency news sites reported on September 11, the 24-hour trading volume of major cryptocurrency exchange Binance and its futures markets has exceeded $150 million, all of which was denominated in USDT.
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Wells Fargo Will Launch A New Stabelcoin Cryptocurrency Next Year
“We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way. Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”Wells Fargo will launch its stablecoin after the largest bank in the United States JPMorgan Chase announced the launch of their own digital currency as a solution to changes in the global financial space. JPMorgan’s coin saw some mixed reactions on the announcement which was made earlier this year. The stance that both banks have is based on the decentralized cryptocurrencies. At many points, the executives have issued warnings about the dangers of using innovations and the control of the fiat-based financial system. Wells Fargo made it to the headlines after it confirmed it was refusing to allow some of the domestic banking customers to use cryptocurrencies and conduct crypto-related transactions. One of the officials of the bank pointed out:
“Unfortunately, Wells Fargo does not allow transactions involving cryptocurrency. As a result of the increasing digitization of banking services globally, we see a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that.’’As per the announcement in the coming altcoin news, the governments and central banks are still drawing lines as to what the iterations of cryptocurrency are acceptable. Facebook’s Libra crypto project is also set to release in 2020 so a lot of interesting crypto projects are preparing for next year.
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