TRON Margin Trading to be Launched at OKEx

TRX price had a good reaction to these news, but now there's a correction
11 January 2019   608

OKEx cryptocurrency exchange has added TRX / USDT and TRX / BTC currency pairs to the margin trading section.

With the help of borrowed funds, users of the site will be able to increase positions in the specified pairs three times.

TRX has also been added to the OKEx OK PiggyBank Cumulative Exchange Service.

TRX price had a good reaction to these news, but now there's a correction. 

Tron Price Chart
Tron Price Chart

Earlier, the founder of the TRON Foundation, Justin Sun announced his desire to save the DApps developers Ethereum and EOS from the collapse of their platforms, proposing to transfer their decentralized applications to the TRON ecosystem.

Sun Hides From Chinese Authorities Since Nov '18, - Media

TRON Foundation representative said that Sun moved to San Francisco in October and moves around the world freely
25 July 2019   287

Founder of the TRON cryptocurrency project Justin Sun is allegedly hiding from the Chinese authorities since November 2018, when he managed to leave the country. Decrypt reports about this with reference to the news agency Caixin.

According to the agency, Sun found out about the ban on leaving China without the relevant permission of the authorities in June 2018. From that moment until January 2019 he did not appear in public.

As Caixin suggests, Sun could take advantage of the gap in regulation to leave China, but how he did it remains unclear. The agency also writes that the founder of TRON repeatedly tried to get the abolition of the restrictions imposed on him, but his efforts were not crowned with success.

At the same time, Cliff Edwards, Global Communications Director of the TRON Foundation, stated that the allegations that Sun was forbidden to leave China were not true.

He returned from Hong Kong two weeks ago and was there since June 15, so presumably the authorities would have been able to hold him.
 

Cliff Edwards

Director of global communications, Tron Foundation 

A spokesperson for the TRON Foundation also says that Sun moved to San Francisco in October and moves around the world freely. According to Edwards, people on the border control lists are informed about this, but Sun no such notification has been received.

Earlier this week, Cliff Edwards posted a tweet with a photo in which he is depicted with Sun. Both of them are said to be in San Francisco, and the founder of TRON is holding a sheet of paper with a Tron blockchain hash, designed to verify the truth of Edwards's words.

Note that this is not the first message from the Chinese media this week that Sun was forbidden to leave the country. The special committee on Internet security, formed by the State Council of China, allegedly accused Sun of money laundering, illegal investment, involvement in the distribution of pornography and gambling.

Justin was giving money to American charities—when the Chinese economy is suffering under Trump due to trade wars. You can connect the dots. So he’s been apologizing to the government, and Caixin. It’s an apology tour.
 

"Source close to the situation"

With reference to a source close to the situation, Caixin also writes that Sun's problems arose because of his intention to meet with American billionaire Warren Buffett. Presumably, the Chinese authorities are unhappy with such actions against the background of the ongoing trade war with the United States.