Justin Sun Stepping Down from Tron (TRX) Leadership To Be A Diplomat For Grenada

Justin Sun

Justin Sun Stepping Down from Tron (TRX) Leadership To Be A Diplomat For Grenada

  • AnTyAnTy

Tron founder Justin Sun has announced his exit from the project to focus on crypto legitimization in Latin American countries starting with Grenada, where he will be the government’s ambassador to the World Trade Organization (WTO).

“I’m not retiring from TRON, but rather stepping down from an active involvement to serve as leader and supporter role now that the TRON network has been truly decentralized,” said Sun on Twitter.

Sun further said that he will still engage with the TRON community and continue pushing for its advancement.

Founded in 2017, Tron (TRX) is currently an $8.2 billion market cap cryptocurrency trading at $0.080, down 65% from its all-time high of $0.23 hit about four years back.

🎉🎉🎉Congratulations @HEJustinSun on his appointment as Ambassador, Permanent Representative of Grenada to the World Trade Organization. @WTO #WTO

Minister of Foreign Affairs Oliver Joseph with H.E. Mr. Justin Sun👇👇👇 pic.twitter.com/q3mdUULqa3

— GrenadaWTO🇬🇩 (@GrenadaWTO) December 17, 2021

Sun is now embarking on a new career as a diplomat for the Caribbean nation of Grenada, where he has been a resident since 2019.

On his separate Twitter account bearing the salutation “His Excellency,” Sun wrote that he had accepted the Grenadian government invitation to serve as the permanent representative of the country to the World Trade Organization in Geneva.

“I will be working in full capacity to represent Grenada’s national interests, to the WTO,” Sun added.

Last year, Sun won a dinner with billionaire investor Warren Buffett and this year was outbid at the very last moment at an auction for Beeple’s NFT that was sold for $69 million.

In an interview with Bloomberg, Sun said that the $2.3 trillion cryptocurrency industry has reached a stage now that “we really need sovereign states and regulators and international organizations to recognize the potential and the benefits of blockchain technology.”

As such, he will now focus his efforts on helping developing countries and developed states recognize the importance of blockchain technology and cryptocurrency.

“I will also try to promote new technology development in Grenada,” Sun said.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

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SEC Postpones Decision on Grayscale and Bitwise Bitcoin Spot ETF to Early February

ETF Exchange Traded Fund

SEC Postpones Decision on Grayscale and Bitwise Bitcoin Spot ETF to Early February

  • AnTyAnTy

The US Securities and Securities Exchange Commission (SEC) continues to delay the physically-backed Bitcoin exchange-traded fund (ETF) from trading.

Earlier this month, the SEC rejected WisdomTree’s application for a spot Bitcoin ETF after delaying it in June. A week ago, the asset manager amended its filing with “significant protection” for investors.

This week, the SEC has postponed two Bitcoin ETF proposals: Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust’s conversion to Bitcoin ETF to February 1 and 6, 2022, respectively.

“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments received,” said the regulator in its statement.

Back in mid-October, asset manager Bitwise filed for a spot Bitcoin ETF which would provide exposure to “actual BTC” rather than indirect exposure through Bitcoin futures. Bitwise also filed a Bitcoin futures-based application but dropped it in November.

In October, the Proshares Bitcoin Strategy ETF (BITO) became the first futures-based Bitcoin ETF to make its debut. The first-mover advantage saw it amassing more than $1 billion in assets. Two other Bitcoin futures ETFs have since then begun trading, but they manage to attract only a fraction of BITO’s funds.

Meanwhile, the world’s largest digital asset manager, Grayscale, filed an application on Oct. 19 to convert its flagship Bitcoin Trust holding $30.8 billion in assets into an ETF.

As we reported this week, Coinbase also sent a letter to the SEC in which it urged the regulator to approve Grayscale’s application arguing that treating spot Bitcoin ETPs differently from futures-based ETPs can “undermine confidence” in the agency.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

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Binance.US Hires Former Intel Compliance Officer As Its First Chief Risk Officer

Binance

Binance.US Hires Former Intel Compliance Officer As Its First Chief Risk Officer

  • AnTyAnTy

Leading cryptocurrency exchange Binance’s US entity has hired Sidney Majalya as its deputy general counsel and first chief risk officer. Majalya will join Binance.US in January. Majalya said in a statement,

“Binance.US is deeply committed to compliance, and our priority is to maintain and grow a world-class compliance and risk organization that earns the utmost confidence and trust of our customers, investors, and regulators.”

The former vice president, legal, and chief compliance officer of the largest US semiconductor maker Intel Corp. also worked at Uber Technologies before that. Majalya was in Uber’s legal compliance department before the company went public in 2019.

As Binance’s chief risk officer, Majalya will oversee compliance issues and expand its headcount.

Binance.US is “not a company where I have to come in and do convincing about the importance of compliance,” he said in an interview.

The exchange expects to raise a “couple hundred” million dollars in a funding round expected to close soon, shared Binance CEO Changpeng Zhao in a recent interview.

Brian Shronder, the Chief Executive Officer of Binance.US, also said in September that the exchange aims to go public in the next two to three years. Shroder, a former executive of Ant group and Uber, replaced Brian Brooks, a former Comptroller of the Currency (OCC), who resigned from his position in just four months, citing “differences over strategic direction.”

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

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Federal Trade Commission (FTC) Opens An In-Depth Probe Into Meta’s (Facebook) Acquisition of VR App Developer

Facebook

Federal Trade Commission (FTC) Opens An In-Depth Probe Into Meta’s (Facebook) Acquisition of VR App Developer

  • AnTyAnTy

The Federal Trade Commission (FTC) of the US has started an in-depth probe into Meta Platform’s (previously Facebook) $400 million acquisition of Supernatural, a virtual reality (VR) fitness app.

Now, the deal won’t be finalized for another year following FTC’s probe that started shortly after Thanksgiving Day last month, news portal The Information reported on Thursday, citing two people with knowledge of the situation.

Back in late October, Facebook announced its rebranding, which it said would be more in line with its plans of becoming a metaverse company. At the time, CEO Mark Zuckerberg said that this new platform would “touch every product we build” and would support “crypto and NFT projects.”

Meta has invested heavily in virtual and augmented reality and is working on AR glasses and wristband technologies.

The company’s Oculus VR headsets are also a vital step towards metaverse. These headsets allow people to interact in this “more immersive” digital reality.

2021 was the year of VR, and I have one stat to show you why:

This year, Oculus has sold more headsets than Microsoft did Xboxs.

This marks the beginning of ARVR’s predominance.

A thread on ARVRs growth, use-cases, and future below: pic.twitter.com/tQVlWMerp6

— Jack Soslow (@JackSoslow) December 16, 2021

Besides building hardware Oculus, Meta has acquired at least six companies that make some of the most popular games and other apps for the headsets, a move to dominate the space and slow down its completion. The developer of Supernatural is one of them, which has become a breakout hit.

According to Meta, acquiring these apps allows them to pour funds into them and create better VR experiences. While other acquisitions went without a hitch, the FTC has now initiated a probe into the latest one.

As per the report, this probe appears to be a part of FTC Chair Lina Khan’s mission to make sure technology giants are not shutting out the next generation of competitors in emerging computing platforms.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

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Former student protest leader Gabriel Boric wins Chile election

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How to make a successful Christmas giveaway?

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Giveaways meet three main objectives: to publicize different brands or accounts at the same time, grow the community quickly through anchor accounts and obtain a winner that motivates others to continue participating with your brand and the others involved. Sound like a good triple win ?

Depositphotos.com

Avoid these 5 mistakes and achieve a super successful giveaway at the most generous time of year.

1. Do it alone

The idea of a giveaway is to look for collaborators who add value to the activity, it can be a brand that provides a gift of high monetary value or a brand with a large established community, the latter can serve as an anchor account. If you use an influencer with a good established community as an anchor account, the benefit for everyone will be spectacular.

2. Join with brands that do not make sense with yours or your target

Although it is important that you seek to join with other brands or accounts, you must be sure that they all have not only the same objective but the same target market, this means that their communities on social networks are similar in terms of gender, age and style of life. For example, if your brand is focused on clients with high purchasing power and over 30 years of age, you need to look for a brand that speaks to the same group of people and does so with messages similar to you.

3. Do not link it to a previous activity

Look for your giveaway to be linked to an activity that has previously collected an audience. How about a Facebook Live where you have captured an organic audience of thousands of viewers? It’s a good idea to start like this and drag this base of viewers into the activity with which you want to generate the most interaction. This way you make sure they get involved in both activities.

4. Give an incomplete award

And by this I do not mean that you give only part of the prize you promised (although that is bad enough too). It is important that, if you give a product as a prize, you accompany it with an experience and vice versa, if the prize you offer is an experience, you provide certain products that complement it. For example: if the prize is a couple of flights to Cancun, the winner is most likely to appreciate a discount at a hotel or the entire stay on your own. Another example would be that, if you are going to give a couple of tickets to the cinema, you accompany it with a card that allows them to buy things at the candy store; Remember that the more you solve the life of the winner, the greater the appreciation of your brand and the incentive to others to participate in the future.

5. Do a very complicated dynamic

Wouldn’t you love to win thousands of things, but without having to participate? No matter how simple the dynamics is and the prize is very good, we all lose interaction the more complicated the activity to be carried out to win. A golden tip: do not ask people to upload photos, nobody likes it, much less if they consider that the award is not worth it.

Giving giveaways can undoubtedly grow your audience quickly and increase interaction with your brand, but beware, if you do it the wrong way it can cost you many unfollows and even lack of credibility of your brand. Do not forget to establish very clear rules from the beginning and present a promotion notice to Profeco.

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