Justin Sun’s BitTorrent to Acquire Esports Platform for New Streaming Ecosystem
BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.
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Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly Transactions Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed....
The recent news about the crackdown on Silk Road 2.0 are a reminder that, as long as Web services depend on central servers, they can be shut down by Big Government and Big Capital anytime. It's evident that we need decentralized, distributed services without central single point failures. Popcorn Time, the BitTorrent video streaming service, has taken a small step along the distributed way. Popcorn Time is an open source BitTorrent client that includes a media player. The program is intended as a free alternative to subscription-based video streaming services such as Netflix. Strictly....
Nodle network announced on July 22 that it has partnered with ESTV, one of the leading eSports content streaming providers. According to the announcement, ESTV will integrate Nodle’s networking library with its upcoming mobile application to enable the platform users to earn Nodle Cash (NODL) while streaming games on the platform. This partnership comes at […]
The US Securities and Exchange Commission (SEC) has settled its civil fraud case against Tron (TRX) blockchain founder Justin Sun, bringing an end to the legal proceedings that began in 2023. As part of the settlement, one of Justin Sun’s companies will pay a $10 million civil penalty, and the regulator will drop its claims […]
Traders who bought BitTorrent at its top, believing that the Justin Sun-backed token would keep on pumping, are now facing huge intraday losses. The BTT/USD exchange rate crashed by more than 40 percent after setting up a record high of $0.0134, questioning catalysts that prompted BitTorrent’s explosive upside move in the first place. Earlier, NewsBTC […]