TRON gained over 200% in a week

Let's figure out what stands behind huge price rise of TRX coins
21 December 2017   3264

What is TRON?

According to official website, TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

TRON Price 

Tron gained over 200% in last 24h and almost 50% in last 24h.

TRON Price Chart
TRON Price Chart

At the moment of press, these are the main market parameters:

  • Average Price $0,056585
  • Market Cap $3 720 368 046
  • 24h Volume $440 181 000

Most of the TRX are being traded at:

  1. Binance
  2. CoinEgg
  3. Liqui 

Reasons of price rise 

Let's try to figure out, what stands behind huge price rise. Today, on 21.12.2017, TRON reported that TRX will be traded at OKex, popular crypto exchange. 

On 8th of December, TRX coin was listed at Bitnewex exchange.

On the background of these events TRON is showing some great price rise. 

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.