TRON to Acquire BitTorrent

BitTorrent will continue to operate from the new TRON office in San Francisco
24 July 2018   997

The company-developer of the BitTorrent protocol officially confirmed its purchase by the TRON.

It's official. BitTorrent is now part of #TRON. We pioneered the world's largest decentralized p2p protocol, now we're joining forces with TRON to build the future of the decentralized internet.

BitTorrent Inc. Twitter

The company will continue to operate from the new TRON office in San Francisco, from where the platform is now expanding into global markets.

With this acquisition, BitTorrent will continue to provide high quality services for over 100M users around the world. We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.

BitTorrent Inc. Blog

The first reports that BitTorrent is in the process of sale to the founder of TRON Justin San, appeared in May. Both sides, until recently, haven't provided any comments. 

It was reported that Justin San initiated negotiations with BitTorrent back in September 2017, signing an agreement on intentions to buy in January. The deal was suspended, due to the fact that BitTorrent, contrary to the agreement, began negotiations with other potential buyers

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   49

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.