DeFI News by Thebittimes.Com

Despite years of promises to host a bitcoin (BTC)-only conference, altcoins have overrun David Bailey’s 35,000-attendee event at the Venetian Expo Center in Las Vegas. Bitcoin 2025, the continent’s largest crypto event, is attracting thousands of people promoting a surprising number of alternative digital assets — including endorsements of non-BTC tokens from the main stage. Indeed, Justin Sun took to the Nakamoto Stage to promote his tokenized version of BTC, WBTC, which has been the subject of numerous controversies. Not only that, Sun’s affiliated HTX DAO Ventures, which is connected to Huobi-promoted stablecoins like the failed HUSD and USDD, is a conference sponsor. Justin Sun-affiliated HTX DAO Ventures is connected to stablecoins like the failed HUSD and USDD. During his talk, Sun referred to “raw bitcoin” as a great “way to get your bitcoin into a smart contract platform,” and echoed the possibility of using BTC as collateral to borrow stablecoins . ...

Justin Sun has been appointed prime minister of the ‘micronation’ of Liberland, a small plot of land between Serbia and Croatia that claims to be an independent country despite receiving no diplomatic approval from any recognized nation.  Liberland announced Sun’s new status on Tuesday after an ‘entirely algorithmic blockchain-based election system’ was used to elect him.  It marks his second diplomatic role following his previous stint as ambassador to the World Trade Organization (WTO) for Grenada, which he later lost.  Sun told DLNews that in Liberland, “There are no forced obligations, no taxes, and no mandates imposed on its citizens.” Indeed, the self-proclaimed country models itself on libertarian ideals and the ideas of “self-government.”  The flag of Liberland and its location between Serbia and Croatia (sourced from Wikimedia Commons). The plot of land Sun now rules over is roughly 7 km² in area, (about the size of Gibraltar) and consists of a floodplain. It...

Justin Sun and his company Rainberry (formerly BitTorrent) have delayed an appearance they were due to make in court on September 20 to face charges of fraud and market manipulation. The judge granted the last minute delay, giving Sun an extension until December 8 to prepare for court. However, buried within the court document was an interesting fact: on April 6, the Singaporean entity known as the TRON Foundation was dissolved. Supposedly, the TRON Foundation had transitioned to a DAO (decentralized autonomous organization) in 2021, but the Foundation continued to exist. Compounding the confusion though is the fact that, at least according to court documents, the TRON Foundation will be reincorporated in Singapore so that it can be served by the SEC. This implies that either the dissolution of the TRON Foundation was done in error or was on purpose to avoid legal service. Either way, it appears as though what was once hailed as a transition from a centralized entity to a decentr...

Justin Sun ’s Tron and prominent crypto platform Huobi were bringing the world ’s very first national token to life. In a recent announcement, Huobi revealed that the firm had partnered with Tron as well as DMC Labs to roll out Dominica Coin or DMC. The issuance of DMC was reportedly endorsed by the Dominica government. Sun took to Twitter and shared the latest partnership with the community. 💪@HuobiGlobal partnered with @trondao and DMC Labs to jointly launch the world's first national token, #DMC (Dominica Coin). 🔥#Huobi also supports Dominica Digital ID for KYC verification. https://t.co/UFe6QEzIrr — H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 29, 2022 It should be noted that both DMC, as well as Dominica DID, would be issued on the Tron blockchain. However, in the near future, cross-chain interaction is expected to garner support. Networks like Ethereum, BSC, and ...