Cryptocurrency

Justin Sun Reveals New Acquisition for BitTorrent Coming in Next 3 Days

Justin Sun has announced that expansion of the BitTorrent community as the platform is set to have a major acquisition of another reputed platform from the industry. The official Twitter post of Justin Sun didn’t disclose the name of the organization to be acquired by BitTorrent.

The leader has promised to make a public announcement in the next three days and has urged the Tron and BitTorrent users to glue their eyes for the announcement. Based on the latest rumors doing rounds in the industry, the new acquisition for BitTorrent might be the well-known blockchain-pegged content distribution solution, Steemit.

Earlier, a local Chinese news portal published a report about Justin Sun gearing up to integrate Steemit into his platform. Though, at that moment, Justin and his team did not refute the claims altogether. However, later, Nadav Dakner, the CEO of InboundJunction & Marketacross, a PR and media firm, revealed that the report was fake and had nothing to do with the real facts.

Interestingly, the rumors garnered attention from the domain owing to the fact that Tron and Steemit are official partners, as was declared by the Tron Foundation in the 2018 niTRON summit.

BitTorrent has established itself as a globally renowned communication protocol designed for P2P sharing of distributed data and files over the Internet. It was acquired by the Tron network in July 2019 which strengthened the position of Tron in the crypto arena.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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