Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.
JUST a coincidence? Poloniex launching Tron-based token
Poloniex is creating an exchange token launch platform. The first project is a Tron-based stablecoin lending service. Who controls Poloniex? Tron founder Justin Sun
Months after finally admitting he was a part of the group that snapped up Poloniex late last year, Tron founder Justin Sun appears to be using the once-dominant cryptocurrency exchange’s reputation to boost the credibility of his week-old stablecoin.
Block.one: With $150 million Voice can shout down Facebook
After incubating Voice for nine months, Block.one injected $150 million into the social news platform that’s aiming to tackle the rise of fake news
Now independently operated, Voice is being billed as a “social news platform that rewards users and content creators,” and has the rather ambitious goal of tackling deficiencies in the media industry—namely the proliferation of fake news and concerns over data ownership.
Huobi, Binance Steemed at Sun
The two cryptocurrency exchanges that Tron CEO Justin Sun suckered into supporting his abortive ‘hostile takeover’ of Steem are helping boot him off the blogging platform
Actually, it’s more like Binance and Huobi are helping the Steem community abandon Sun. On March 17, leading Steem developers and community members announced Hive, a hard fork of the social blogging platform’s blockchain designed with one goal: to recreate Steem without the 65 million STEEM tokens (and their 20% governance vote) Sun received when he acquired blockchain developer Steemit.