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Tron Launches Djed, a Platform That Looks Suspiciously Like MakerDAO

News On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately criticized as many see it as a plagiarized version of MakerDAO (MKR). Sun teased the launch on Jan. 16 when Sun l..

Ethereum Community Cries Foul as Tron Launches MakerDAO-Esque App

As Blockonomi has covered extensively over the past few months, decentralized finance (DeFi) has exploded in popularity; the idea of putting financial applications into a decentralized medium, thereby increasing functionality and access, has attracted thousands of users and hundreds of millions of d..

Tron Partnered With Metal Pay to Allow Instant Buying of TRX in the U.S.

News Tron (TRX) partnered with cryptocurrency service provider, Metal Pay, to enable instant purchase of TRX in the United States. According to an announcement shared with Cointelegraph on March 25, TRX will now be available for purchase with fiat currency in the Metal Pay mobile application. User..

Huobi and Binance Support Community-Led Steem Hard Fork

News Major cryptocurrency exchanges Binance and Huobi have announced support for the Steem (STEEM) community’s hard fork to create the new Hive network. On March 18, Binance and Huobi published announcements revealing their support for the Steem hard fork that is scheduled for March 20. The decisi..

Steem Community Relaunches Platform as Hive to Make It Truly Decentralized

News The Steem (STEEM) community announced its intention to create a new platform in the wake of the controversy with Justin Sun. According to a blog post published on March 18, the new platform, named Hive, will launch on March 20. The new platform will initially be launched as an exact code fork..

How the Steem Saga Exposes the Dangers of Staking Pools

Opinion Over the last few days, the centralization versus decentralization row has erupted in earnest. In case you missed it, the activities of Tron founder Justin Sun following his takeover of blogging site Steemit have been pivotal to the controversies. Let’s briefly recap. Earlier in February, ..

Binance Publishes Apology Letter to Steemit Community and Says It Has ‘Unvoted’

News Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. In its letter posted on March 10, Binance affirmed that it “stays neutral and has no interest in on-chain governanc..

Steem Community Stands Its Ground Amid Tron Takeover

Follow up The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms announced they were backing off. ..

Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds

News Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi in support of what has been described in an attempted takeover of the network. In a statement ..

Binance Reverses Vote in Apparent Steem Takeover, Steemit Comms Head Resigns

News On March 3, Binance CEO Changpeng Zhao announced that the exchange had removed its votes that contributed to a sudden shift of control over the Steem blockchain. Earlier today, leading exchanges Binance, Huobi, and Poloniex came under fire for allegedly mobilizing customer deposits to vote in..

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