Daily Archives: 28/12/2020

Tierion will pay SEC $ 250,000 fine for conducting illegal ICO

The US Securities and Exchange Commission (SEC) fined Tierion $ 250,000 for conducting an unregistered ICO in 2017, during which it raised $ 25 million. According to the SEC, the initial public offering of tokens organized by Tierion violated US securities laws. Tierion is a blockchain-based development firm, and during the ICO positioned the TNT token as a means of payment between users of its network. According to the agency, Tierion has sold 350 million…

Tron has introduced the TRC-721 standard for NFT

Cryptocurrency project Tron has introduced a new TRC-721 standard for non-fungible tokens (NFT). This will empower developers. NFTs are collectible tokens with unique characteristics. Each NFT contains an owner identification number, extended metadata, file links and other identifying information recorded in the smart contract. It is this data that ensures the uniqueness and immutability of each NFT. NFT standards are widely used in various fields where blockchain is applied. However, most of NFT is based…