Connect with us


Tron Weekly Report: Tron account number exceeds 8.3 million, completes testing of built-in message queue

Namrata Shukla



Tron Weekly Report: Tron account number reached 8.3 million
Source: Pixabay

Tron has been surrounded by the bears for a long time and finally managed to register small-cap gains over the past few days. With the USDT launch, Tron expected the market to rally, however, the price of Tron plunged. However, Tron Foundation focused on the positives after it informed the community of Tron occupying $50 million of the USDT’s total $2.5 billion supply.

Tron weekly report highlighted other developments that took place in the ecosystem , including the Tron account number exceeding 8.3 million. The team completed testing of the built-in message queue. The Foundation also developed the main chain and side chain of Sun Network. The developers are working on Tron Instagram proof-of-concept mock-up and have reviewed Node Auto Update Design. The team is working on a Minimum Viable Product [MVP] DApp.

Tron Grid successfully implemented multi-signature APIs in the TronWeb and optimized data to improve latency by 50%. The Foundation also informed the community of the completion of the second Tron-USDT, which received support from SWIFT. It also made note of completing its BitTorrent [BTT] airdrop.

Tron Foundation made an addition to its list of languages in which the weekly report is translated in. Apart from the existing 14 languages, Tron Foundation added Vietnamese as the 15th language. Tron Foundation tweeted,

“From this week on, we will add a new language-#Vietnamese to the #TRON Weekly Reports. We welcome our Vietnamese #TRONICS to give us some feedbacks and subscribe to @TRON_VIE to be part of #TRON family. #TRX $TRX”

Subscribe to AMBCrypto’s Newsletter


HitBTC responds to allegations of insolvency, refutes claims made by Redditors




HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:

“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”

Subscribe to AMBCrypto’s Newsletter

Continue Reading