Tron Colludes with Major Exchanges in Steem Takeover – March 3

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,865

Bitcoin price has rallied back to the top of the short-term trading range today, still remaining in the high $8,000s.

Top-20 altcoins have performed well, as Ethereum gains 2% and XRP 1%. Bitcoin SV has been the largest mover of the day, up over 5%.

Top Stories for March 3, 2020 🔥

👉 Tron Colludes with Major Exchanges in Steem Takeover

Tron has colluded with major cryptocurrency exchanges, staking large amounts of user funds in a hostile takeover of the Steem network.

Binance, Huobi, and Poloniex all took part in the takeover, in an act that voted out the established Steem witnesses (block validators), and unlock pre-mined Steem coins. These coins were previously frozen by the former witnesses, to prevent them being used by Tron after acquiring the Steemit platform.

Binance has since pledged to remove their votes, after backlash from the community.

👉 Marshall Islands to Launch Digital Currency on Algorand

The Republic of the Marshall Islands is launching its own national digital currency, the Marshallese Sovereign – which will be based on the Algorand blockchain.

The project will be regulated by the Marshall Islands government, however the supply increase will be fixed at a rate of 4% annually.

👉 Chinese Nationals Charged for Laundering Crypto Stolen by North Korea

Two Chinese nationals have been charged by the US for laundering cryptocurrency which was stolen by North Korean hackers, worth over $100 million.

The laundering took place between 2017 and 2019, where the two men transferred the funds to several addresses and used fake identification to evade authorities.