The TRON CEO Justin Sun has recently been banned from Weibo, which is seen as the Chinese alternative of the social media network Twitter. Weibo is the biggest microblogging platform in China and reports from Dovey Wan emerged showing that Sun is apparently banned from accessing his account on it now.
BREAKING and FINALLY … @justinsuntron 's weibo (Chinese Twitter) account is now officially SHUT DOWN
totally not surprised given how loud he has been on Weibo even after the Buffet Lunch/kidney stone drama…
"Blockchain, not crypto", and of course, not TRON pic.twitter.com/nUsOKm8daP
— Dovey 以德服人 Wan 🪐🦖 (@DoveyWan) December 12, 2019
Many cryptocurrency news sites reported how Sun got in trouble on his home turf after overmarketing his lunch with Warren Buffett. Sadly for the TRON fans, this lunch never happened and Sun did not learn from his mistakes after this drama – continuing to be “loud” on Weibo.
This is how the platform decided to shut down the profile of the TRON CEO Justin Sun. But that is not all – in the news recently we saw that the platform does not like Sun’s aggressive marketing tricks which include failed Tesla giveaways and other controversies.
As reported by many sites, Weibo banned the official accounts of Tron and Binance for “violation of law and regulation”on November 15 – and he claims that the account of Binance and its CEO Changpeng Zhao are still up and running.
The Binance CEO was quick to weigh in on Weibo ousting Sun and claimed that all of this confirms a need for a decentralized social media protocol which was recently proposed by Jack Dorsey.
That being said, TRON is getting bashed a lot over the past days and weeks. All of this is obviously due to the TRON CEO Justin Sun and his constant provocations, spikes and all that is happening which leads many to believe that he is a man of words rather than actions – and is not liked for that in the crypto community.
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Despite all of this, the price of TRON (TRX) is relatively stable with a decrease of 2.48% today and now at $0.013 as the latest Tron news show.
Meanwhile, other updates show that China decided to double down on its cryptocurrency clampdown after the President Xi Jinping endorsed blockchain technology and showed that a new wave interest is here in the speculative asset class.
Reports also show that China still controls a whopping 66% share of Bitcoin’s global hash rate despite the top cryptocurrency has been banned in the country ever since September 2017.
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