Ethereum News Daily Official TheBitTimes.com

On August 9, BitGo announced that it was transitioning Wrapped Bitcoin (WBTC) to a new “strategic partnership between BitGo, Justin Sun, and the Tron Ecosystem.” The announcement continued that this partner would would “continue to provide real-time proof-of-reserves.” Despite specifically referencing the Tron ecosystem and promising that real-time proof-of-reserves would also continue, WBTC on TRON, as well as WETH on TRON, have been removed from the WBTC dashboard, meaning the proof-of-reserves for this token is no longer available. The dashboard no longer includes WBTC on Tron but still Features the versions on Ethereum, Base, Kava, and Osmosis. An on-chain review of WBTC on Tron doesn’t show any substantial changes in the supply recently. However, it’s not currently possible to verify the BTC that is meant to collateralize these tokens . Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Read more: Coinb...

Tron has recently gained significant market attention. The token has emerged as one of the best-performing cryptocurrencies lately, fueled by several strong price signals that are pushing its price to touch new highs. Will Tron (TRX) claim a new ATH this weekend? Let’s find out. Also Read: Binance Coin: BNB Price Prediction For September 2024 Why is Tron Rising? Source: Shutterstock Tron (TRX) is a crypto token developed by the Tron Foundation. The token is surging rapidly for several reasons. First, Justin Sun, the founder of Tron, claimed a legal victory against the US SEC, which has fueled TRX’s price. Secondly, the SunPump meme coin launch on Tron fuels its price levels. The meme coin has expedited Tron’s network activity, which has fueled the token’s price. Lastly, the new bullish price patterns emerging for Tron and speculation of the coin hitting a new ATH soon are also driving TRX’s price to new highs. The token is at $0.1545 at press time, up 1.39% in the last 24 h...