Blockchain Bites: Coinbase and BlockFi Make Big Hires, Tron Said to Get Coronavirus Reli…

UPDATE (May 6, 17:50 UTC): This article has been updated to clarify that the claim about Tron receiving a pandemic relief loan originated from the project’s Chinese social media channels, and to include a statement from a Tron spokesperson in the U.S.

Justin Sun’s Tron platform claimed to have received a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story:

You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. 

Transaction Throttling 
BitMEX’s daily broadcast of transactions may be spiking Bitcoin fees. The exchange broadcasts thousands of transactions at once around 13:08 UTC (9:08 a.m. ET), leading to a fee…