We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News Concerns Are Raised Regarding Tron Blockchain TUSD Peg Instability Amid Allegations Of Terrorism Financing

Concerns Are Raised Regarding Tron Blockchain TUSD Peg Instability Amid Allegations Of Terrorism Financing

The article examines the volatility of the TUSD peg on the Tron blockchain, the accusations that Tron was utilised to finance terrorism, and the reaction from Tron's creator, Justin Sun.

TOP1 Markets Analyst
2023-11-28
11327

 Blockchain 2.png

 

The Tron blockchain TUSD parity has encountered volatility, as evidenced by its minimum price of $0.9955, which has generated apprehensions regarding the stability of the blockchain (Coincu). As reported by Reuters, this occurs in the midst of growing uncertainty regarding the Tron blockchain and its expanding use for financing terrorism. The report posits that Tron has surpassed Bitcoin in terms of cost-effectiveness and rapidity when it comes to financing terrorism. As a result, it has become the platform of choice for cryptocurrency transfers associated with entities deemed terrorist organisations by the European Union, Israel, the United States, and other countries.

 

The data on cryptocurrency seizures compiled by Israeli security services since 2021 indicates a significant rise in the seizure of Tron wallets while Bitcoin wallet seizures have decreased concurrently. The network was countered on social media by its founder, Tron blockchain Justin Sun, who defended it against these allegations by emphasising its decentralised structure, which is comparable to that of Bitcoin and Ethereum, and which serves as the foundation of its philosophy. Sun asserted that although the organisation is devoted to countering terrorist financing, decentralisation, asset security, and delivering immediate, affordable, and dependable transactions continue to be its highest priorities.

 

The depegging of TUSD potentially signifies a more extensive apprehension within the community regarding the Tron blockchain. As a result of the suspension of minting via Prime Trust, the Tron blockchain TUSD peg fell to $0.998 in June, causing a cascading effect in the cryptocurrency market.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free