TRON surges due to smart contract and open source release

TRON token rose 760% within 7 days following the news of partnership with Gifto and news of smart contract and source code Exodus which are to be released
18 December 2017   4280

TRON token is the currency of TRON block-based open source global digital entertainment protocol for digital entertainment. Past week was overwhelmingly successful for the token as TRON has shown the outstanding 760% price rise and for the first time has moved to the 2nd place in the list of tokens ranked by market capitalization.

coinmarketcap list of top tokensList of top tokens ranked by market capitalization

The price of the token increased from $0,007 on December 13 to $0,045 on December 18 while the market capitalization rose from $477 million to $3 billion just within 5 days, thereby moving the token to the second position in the top.

Tron charts december 2017TRON Charts

Such price rally of the token started after the news about TRON partnership with Gifto virtual-gifting platform, which was announced on December 14, in aim to leverage the technology behind TRON to allow for effective transaction facilitation.

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

  • Average price: $0,041
  • Marketcap: $2 719 963 274
  • 24h volume: $338 654 000

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   78

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.