The creator and CEO of a cryptocurrency/decentralised project TRON, Justin Sun, has finally managed to meet with Warren Buffett over a charity lunch. The billionaire and chairman of Berkshire Hathaway has been in constant negotiations with Sun over a possible lunch but the two executives were constantly busy, which has resulted in numerous postponements.
According to Cointelegraph, the two of them decided to meet on January 23 in Nebraska. They were attending a private country club there, but it seems that they weren’t the only ones who made it to the gathering. Some of the other guests who joined Sun and Buffett were Charlie Lee, the founder of Litecoin Foundation, Chris Lee, the CFO of Huobi, Helen Hai, the head of Binance Charity Foundation, and Yoni Assia, the CEO of eToro.
Sun was rather excited about the event, claiming that it was ‘really an honor’ to meet Warren Buffett in person. Moreover, Sun stated that he was grateful for Buffett’s vision, wisdom, and dinner. Finally, he said he would always remember pieces of advice Buffett provided him with when it comes to making a better ecosystem for Tron and doing business with partners in the world of blockchain.
Why Was This Luncheon Organised in the First Place?
Those who are not from the crypto world might be asking themselves — What is TRON coin? The coin, much like the entire system around it, is similar to bitcoin or any other cryptocurrency out there. But what matters is that its creator, Justin Sun, has managed to make a massive profit with it. That is why he decided to give an enormous sum of money to charity.
As a matter of fact, Sun has been a long-term fan of Warren Buffett, which is why he seized the opportunity to donate $4.5 million in an eBay charity auction that promised the highest bidder a lunch with Buffett. The amount Sun donated is the single biggest sum of money ever given via eBay charity in its 20+ years of existence, meaning Sun really wanted to make a statement with it.
The entire crypto community was somewhat shocked yet amazed by the idea that the CEO of TRON is going to meet one of the wealthiest people in the world. However, after the initial date was set, Sun had to postpone it due to medical reasons. He announced that the lunch would be rescheduled ‘very soon’.
Time passed and TRON founder had to make another postponement of the lunch in September. During that period, all the money Sun donated was officially transferred to GLIDE Foundation located in San Francisco that focuses on supporting the communities in need, including the oppressed and economically deprived, as well as ethnic minorities and members of the LGBTQ community.
So far, the only details we know about the lunch is that Justin Sun enjoyed it, but nothing more than that was revealed. It’s safe to assume that the crypto giants did not actually discuss anything important with Buffett and that they all just had casual lunch. One thing is certain – Justin Sun’s morale was boosted after the lunch, meaning he might focus on his TRON project even more.
When it comes to Sun’s cryptocurrency, TRX, it’s been doing rather well lately. At the moment, it is located in the 13th place in terms of total market cap, with $1.64 billion in it. The current circulating supply is 66.68 billion TRX, and a single unit of it costs approximately $0.024.
The last couple of months were somewhat steady for TRON coin, meaning no big ups or downs in price took place. But we should not forget that Sun is capable of doing a lot of eccentric stuff to shake the market, so who knows what will happen next.
BTC Surged Above $9.5K, will it Continue to Explode Towards $10K?
After declining as low as $8,600 on May 25, Bitcoin is currently gathering upward momentum and hit near $9,500, representing a 3.5% gain on 1 day. With the price breaking out once again, there is a confluence of signs suggesting BTC could rally past its monthly high of $10,000 in the near future.
However, Bitcoin has seen six lower highs in a row in the past 12 months, which indicates a bearish cycle spanning over a long period of time. If BTC fails to break above $10,000, it increases the probability of the resumption of a correction.
In addition, BTC may be showing a rough inverse head and shoulders pattern, which is regarded as a textbook bottom indicator. Therefore, if BTC failed to break $10,000 this time, it may drop to at least $6,800 to form the pattern.
As a result, we can predict that Bitcoin may soon perform a retracement after hitting the $10,000 and change its direction to the upside movement after retesting the support at around $6,800 – $7,100. So how can we profit from the upcoming huge price volatility? BTC futures trading…
Fireblocks Network Adds DigitalBits, Brings Enterprise-Grade Security to Branded Cryptocurrencies
DigitalBits, a blockchain protocol and network layer designed for consumer digital assets, is being added to the Fireblocks Network, the most secure digital asset transfer network for institutions, to deliver a safe and scalable infrastructure for the storage and movement of XDB tokens. Integrating the DigitalBits blockchain with the Fireblocks Network enables enterprise-level security support for branded cryptocurrencies.
Branded currencies, inclusive of loyalty and rewards points, and the emerging subcategory of branded stablecoins, account for billions of dollars in value, and have played a vital role in driving consumer behaviour. As these assets begin the inevitable shift to tokenization, Fireblocks’ novel approach to securing digital assets will prove invaluable to corporate and consumer adoption.
Fireblocks’ Network utilizes a defense-in-depth approach to securing digital assets, combining multi-party computation-based cryptography (MPC) with chip-level isolation technology. This removes the single point of failure from the key-management process and enables hardware-based authentication for counterparty transactions. Fireblocks innovative approach addresses common attack vectors: cyber attacks, internal fraud and human error, while reducing reliance on archaic, time-consuming practices such as test transfers, whitelisting and hardware wallets.
“DigitalBits is the first blockchain-focused on servicing branded cryptocurrencies to join the Fireblocks Network” stated Michael Shaulov, CEO & Co-Founder at Fireblocks. “We are looking forward to assisting…
RoFX Review – Simplified Trading for Beginners
Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.
How to Get Started with RoFX
You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net. After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient.
The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.
The following packages are available:
- Easy start
- VIP PAMM
You may view the details of the packages in the…