TRON (TRX) Recovers After the Recent Sell-Off: What’s Next?

Ursprünglich erschienen auf: https://cryptocurrencynews.com/tron-trx-recovers-sell-off-11-29-19/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

The cryptocurrency space has been in a bit of turmoil over the past week or so due to a variety of reasons, and the pressure was felt by TRON (TRX) as well. On Monday, there was a massive selloff in the token, and there were concerns over whether the crypto market still believed in the project or not.

However, things have now improved, and the TRX token has now managed to get back to $0.0163 per token. That being said, experts do not actually believe that the token is primed for any kind of bull run …

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IDAX Exchange Suspends Accounts After CEO “Disappears”

Ursprünglich erschienen auf: https://cryptocurrencynews.com/idax-suspends-accounts-ceo-disappears/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

IDAX, a Chinese cryptocurrency exchange, has suspended deposits and withdrawals after its CEO allegedly disappeared in what looks like an exit scam.

In a blog post earlier today, IDAX said it was suspending all activity on the exchange after staff said they had been unable to contact their CEO, Lei Guorong, since November 24. As a result, the exchange has also lost access to its cold storage. IDAX initially denied that the disappearance was an exit scam; however, in another statement today, it has confirmed that this is indeed the case. An exit scam is a …

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Ripple Finalizes $50 Million Investment in MoneyGram

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Blockchain service provider Ripple Labs has finalized its $50 million investment in MoneyGram International (NASDAQ:MGI). The money transfer company received the final $20 million from the San Francisco-based firm as part of the commitment made in June 2019.

Ripple Completes Investment in MoneyGram

In June, the blockchain provider committed $30 million as part of the investment, and now it has completed the transaction. In the latest transaction, Ripple acquired MoneyGram’s newly issued stock at $4.10 per share, which is much higher than MoneyGram’s current market valuation. With the investment concluded, Ripple will now hold around 10% …

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