Crypto News Flash: Tron (TRX), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Bitcoin Cash (BCH), Dogecoin (DOGE)

Here’s a quick look at some of the stories breaking in the world of crypto.

Litecoin and Tron

In a recent tweet, Litecoin’s Charlie Lee compared Tron’s purchase of BitTorrent to new media (AOL) buying old media (Time Warner).

Lee added that “AOL buying TimeWarner at the height of the internet bubble was very smart for AOL. They used their bubble valuation to purchase something that had a solid business model. It was also new media buying up old media. That’s the parallel I see. So not hating on Tron.”

So far Tron and its founder Justin Sun have remained quiet on the potential use cases for the BitTorrent platform.

Meanwhile, Tron’s token swap is imminent, and Cryptopia just announced it will support the process.

Daily Hodl Alerts: Get the scoop on Crypto. Hit the red bell on the bottom-right of your screen.

Charlie Lee also released the full schedule of the upcoming Global Litecoin Summit in San Francisco where RSK Labs, Lightning Labs and the Litecoin Team will host a panel of crypto pros who will speak about the future of Litecoin.

EOS

EOS block producers have frozen seven accounts.

The action was a unanimous decision by the 21 block producers as the seven accounts were suspected of carrying stolen funds. The move is igniting a debate on positives and negatives of immutability of blockchain.

Dogecoin and Bitcoin Cash

Recent data from Bitinfocharts shows that Dogecoin transactions are outpacing Bitcoin Cash by as much as 300%.

June 15 shows 38,391 Dogecoin transactions compared to 12,739 transactions for Bitcoin Cash.

Ethereum, Litecoin, Bitcoin Cash and Stellar

Paxos, a regulated trust that uses blockchain technology for trading digital assets and making instantaneous payments, has added Ethereum, Litecoin, Bitcoin Cash And Stellar.

Its cryptocurrency exchange itBit got the green light from the New York Department of Financial Services, making it the first time that New York regulators have approved Stellar on any virtual asset exchange.

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