The crypto sector has been abuzz with discussions about two blockchain networks – Avalanche (Avax) and Tron (Trx). These platforms offer distinct advantages to their users, and hence, have gained considerable popularity among crypto investors looking to hold digital assets. However, it is essential to determine which platform has garnered actual adoption by users.
This article will delve into a comparative analysis of Avax and Trx, highlighting their similarities, differences, and adoption rates. Additionally, we will explore the upcoming launch of Big Eyes Coin (Big) and why investing in this promising new coin presents a lucrative opportunity for crypto investors at this juncture.
Avalanche Emerges as a Formidable Competitor in the Crypto Industry
Avalanche (Avax) is a blockchain network that focuses on DeFi and aspires to provide faster transaction speeds and improved scalability compared to other blockchain platforms. This network was launched in September 2020 and employs a consensus mechanism called Avalanche-x,...
This article will delve into a comparative analysis of Avax and Trx, highlighting their similarities, differences, and adoption rates. Additionally, we will explore the upcoming launch of Big Eyes Coin (Big) and why investing in this promising new coin presents a lucrative opportunity for crypto investors at this juncture.
Avalanche Emerges as a Formidable Competitor in the Crypto Industry
Avalanche (Avax) is a blockchain network that focuses on DeFi and aspires to provide faster transaction speeds and improved scalability compared to other blockchain platforms. This network was launched in September 2020 and employs a consensus mechanism called Avalanche-x,...
- 4/19/2023
- by Technology Martin Cid Magazine
- Martin Cid Tech
The Securities and Exchange Commission (SEC) charged a number of celebrities with civil penalties on Wednesday for illegally promoting cryptocurrency “without disclosing that they were compensated for doing so and the amount of their compensation.”
The celebrities charged for the alleged unlawful promotions include actress Lindsay Lohan, YouTuber Jake Paul, singer Akon, Rapper Lil Yachty, Grammy-winning artist Ne-Yo, and 26-year-old singer Austin Mahone.
According to the SEC’s press release, most of the celebrities have agreed to pay over $400,000 “in disgorgement, interest, and penalties to settle the charges, without admitting or denying the SEC’s findings.”
Lohan had received $10,000 for promoting Tronix tokens (Trx) on her Twitter account for crypto entrepreneur Justin Sun. Similarly, Paul received $25,000 worth of crypto assets in exchange for promoting Trx on Twitter.
The SEC has also charged Sun and his three companies – Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc. (formerly BitTorrent) – with securities...
The celebrities charged for the alleged unlawful promotions include actress Lindsay Lohan, YouTuber Jake Paul, singer Akon, Rapper Lil Yachty, Grammy-winning artist Ne-Yo, and 26-year-old singer Austin Mahone.
According to the SEC’s press release, most of the celebrities have agreed to pay over $400,000 “in disgorgement, interest, and penalties to settle the charges, without admitting or denying the SEC’s findings.”
Lohan had received $10,000 for promoting Tronix tokens (Trx) on her Twitter account for crypto entrepreneur Justin Sun. Similarly, Paul received $25,000 worth of crypto assets in exchange for promoting Trx on Twitter.
The SEC has also charged Sun and his three companies – Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc. (formerly BitTorrent) – with securities...
- 3/23/2023
- by Nicky Kashani
- Uinterview
Actor has settled with no admission of guilt or denial.
Lindsay Lohan is one of eight celebrities to have been charged by the US Securities and Exchange Commission (SEC) with illegally promoting crypto assets.
Along with social media personality and boxer Jake Paul, rapper Lil Yachty and other entertainment industry figures, Lohan was charged with “illegally touting” asset securities without revealing that they were being paid to do so and not disclosing how much they were paid.
Lohan, Paul, Miles Parks McCollum (Lil Yachty) and three of the other charged celebrities – Michele Mason (Kendra Lust), Shaffer Smith (Ne-Yo), and Aliaune Thiam...
Lindsay Lohan is one of eight celebrities to have been charged by the US Securities and Exchange Commission (SEC) with illegally promoting crypto assets.
Along with social media personality and boxer Jake Paul, rapper Lil Yachty and other entertainment industry figures, Lohan was charged with “illegally touting” asset securities without revealing that they were being paid to do so and not disclosing how much they were paid.
Lohan, Paul, Miles Parks McCollum (Lil Yachty) and three of the other charged celebrities – Michele Mason (Kendra Lust), Shaffer Smith (Ne-Yo), and Aliaune Thiam...
- 3/23/2023
- by Jeremy Kay
- ScreenDaily
Lindsay Lohan, Jake Paul, musicians Lil Yachty, Ne-Yo, Soulja Boy, Akon and Austin Mahone and adult film star Kendra Lust were charged Wednesday for illegally promoting the securities of crypto companies being investigated by the SEC.
The commission today charged crypto asset entrepreneur Justin Sun and three of his wholly owned companies for the unregistered offer and sale of crypto asset securities Tronix (Trx) and BitTorrent (Btt). Charges also included fraudulently manipulating the secondary market for Trx through “wash trading” and for orchestrating a scheme to pay celebrities to tout Trx and Btt without disclosing their compensation.
Lohan, Paul, DeAndre Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo) and Aliaune Thiam (Akon) were charged for “illegally touting Trx and/or Btt without disclosing that they were compensated for doing so and the amount of their compensation,” the SEC said.
The...
The commission today charged crypto asset entrepreneur Justin Sun and three of his wholly owned companies for the unregistered offer and sale of crypto asset securities Tronix (Trx) and BitTorrent (Btt). Charges also included fraudulently manipulating the secondary market for Trx through “wash trading” and for orchestrating a scheme to pay celebrities to tout Trx and Btt without disclosing their compensation.
Lohan, Paul, DeAndre Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo) and Aliaune Thiam (Akon) were charged for “illegally touting Trx and/or Btt without disclosing that they were compensated for doing so and the amount of their compensation,” the SEC said.
The...
- 3/22/2023
- by Patrick Hipes
- Deadline Film + TV
The Securities and Exchange Commission charged eight high-profile celebrities in a crypto scheme tied to Justin Sun and his companies Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc.
The stars were charged with touting cryptocurrencies associated with Sun’s companies “without disclosing that they were compensated for doing so and the amount of their compensation.”
According to the SEC, those being charged are actress Lindsay Lohan; influencer and boxer Jake Paul; adult film star Kendra Lust; and rappers and singers Soulja Boy, Ne-Yo, Lil Yachty, Akon and Austin Mahone.
“As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities,” said Gurbir S. Grewal, director of the SEC’s Division of Enforcement. “At the same time, Sun paid celebrities with millions of social...
The stars were charged with touting cryptocurrencies associated with Sun’s companies “without disclosing that they were compensated for doing so and the amount of their compensation.”
According to the SEC, those being charged are actress Lindsay Lohan; influencer and boxer Jake Paul; adult film star Kendra Lust; and rappers and singers Soulja Boy, Ne-Yo, Lil Yachty, Akon and Austin Mahone.
“As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities,” said Gurbir S. Grewal, director of the SEC’s Division of Enforcement. “At the same time, Sun paid celebrities with millions of social...
- 3/22/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Herbie: Fully Loaded actor Lindsay Lohan and an adult performer known for playing MILFs are among those being charged in an cryptocurrency fraud scheme, according to a press release from the Securities and Exchanges Commission, published Wednesday afternoon.
The press release states that eight celebrities, including Lohan, adult performer Kendra Lust, influencer Jake Paul, and musician Lil Yachty, are being charged for illegally promoting the cryptocurrencies Trx (Tronix) and/or BitTorrent (Btt) without disclosing that they were paid to doing so, or how much they were compensated.
The charges,...
The press release states that eight celebrities, including Lohan, adult performer Kendra Lust, influencer Jake Paul, and musician Lil Yachty, are being charged for illegally promoting the cryptocurrencies Trx (Tronix) and/or BitTorrent (Btt) without disclosing that they were paid to doing so, or how much they were compensated.
The charges,...
- 3/22/2023
- by EJ Dickson
- Rollingstone.com
Lindsay Lohan, Jake Paul, Ne-Yo and rapper Lil Yachty are among the eight notable names who have been hit with Securities and Exchange Commission charges for violating securities laws in touting crypto currencies.
The SEC on Wednesday disclosed that charges were filed against eight celebrities in connection with the broader investigation of crypto entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., which marketed crypto asset securities under the brand names Tronix (Trx) and BitTorrent (Btt).
The eight boldface names were charged with “illegally touting Trx and/or Btt without disclosing that they were compensated for doing so and the amount of their compensation,” according to the SEC.
The list also includes rapper Soulja Boy, singers Austin Mahone and Akon and adult film star Kendra Lust. All but Mahone and Soulja Boy (aka DeAndre Cortez Way) have reached settlements with the SEC...
The SEC on Wednesday disclosed that charges were filed against eight celebrities in connection with the broader investigation of crypto entrepreneur Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., which marketed crypto asset securities under the brand names Tronix (Trx) and BitTorrent (Btt).
The eight boldface names were charged with “illegally touting Trx and/or Btt without disclosing that they were compensated for doing so and the amount of their compensation,” according to the SEC.
The list also includes rapper Soulja Boy, singers Austin Mahone and Akon and adult film star Kendra Lust. All but Mahone and Soulja Boy (aka DeAndre Cortez Way) have reached settlements with the SEC...
- 3/22/2023
- by Cynthia Littleton
- Variety Film + TV
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