Week 37 News Recap
Dynamic Trading Rights (DTR) Close to Its All-Time High in the Last One-Year Period
Dynamic Trading Rights (DTR) token is showcasing flattering progress for the last month, having been traded close to 0.033$ per single DTR, more than 100 % raise in the last 30 days. An all-time high of 0.23$ was achieved back in January 2018 when DTR joined a major upward trend that arrived on the digital asset market, pulling the price of cryptocurrency up against the fiat. Despite setbacks in terms of the cryptocurrency winter that took place back in November 2018, the crypto market is recovering and DTR is following the rebound trend as well.
DTR is rising against Bitcoin (BTC) and Ethereum (ETH) within the same time period. The latest report for a 24-hour period is the daily trading volume for DTR is set at 288,794$, while DTR has a flattering ROI settled at 230%, showcasing profitability of investing in DTR since the token has been officially launched.
Tokens.net Steady Growth and Top Crypto Trading Pairs
Tokens.net is showcasing a steady growth in terms of trading volumes, scoring 2,188,200 dollars in trading volume for the period of the last 24 hours as recorded in the second week of September.
BTC/USDT, BTC/EURS, ETH/BTC, ETH/USDT, and ETH/EURS as the top trading pairs on the exchange.
Tokens.net Top Trading Pairs
Tokens.net, a crypto-to-crypto exchange with a notable daily trading volume of 2.18 million USDT, has over 50 different cryptocurrency trading pairs out of which BTC/USDT, BTC/EURS, ETH/BTC, ETH/USDT, and ETH/EURS represent the top five trading pairs followed by EURS/USDT, LTC/BTC,XRP/USDT and DTR pairs.
BTC/USDT has the highest trading volume in the period of the last 24 hours as recorded on September 16th, 2019, marking 346,358 USDT in trading for the day, followed by the trading pair BTC/EURS as the next most popular pair on Tokens.net with 274,871 USDT. Bitcoin (BTC) and Ethereum (ETH) are definitely among the top five cryptos on Tokens.net exchange alongside USDT, which is how the ETH/BTC trading pair scored 233,806 USDT in trading volumes for a 24-hour period. Next, ETH/USDT managed to achieve 264,513 USDT in trading volumes for the same time period, followed by the ETH/EURS trading pair that did 203,409 USDT in trading volume.
Europe’s Decentralized Blockchain Event Coming Soon: Adam Back One of the Key Event Speakers
Decentralized Europe is one of the top blockchain-related events coming up in 2019, while tickets for the event are still being sold in the weeks until the Decentralized event officially starts. Decentralized Europe is set to start in the last days of October 2019, and will last for three days, during which the attendees will be able to gain access to some of the top speakers and blockchain experts and evangelists in Europe and elsewhere. Adam Back, a cryptographer and British businessman who is also the “inventor” of privacy and e-cash hashcash used in Bitcoin mining, will be attending the event as one of the key speakers.
Decentralized Europe Blockchain Event Scheduled for October 30th, 2019
Expected it to be one of the biggest and most interesting events related to blockchain technology. Decentralized Europe will take place in Athens, Greece, starting on October 30th, 2019. The event is scheduled to last until November 1st, reserving three days for key speakers in the world of blockchain technology. The event is said to be the premier event in Europe focused on blockchain technology and its application in business, as well as political implications related to the overall usage and development of blockchain technology.
Alongside Adam Back, some of the key speakers who will be representing and supporting Decentralized Europe are Silvio Schembri, a junior minister for financial services, digital economy and innovation in Malta, Tim Draper, the founder of Draper Associates, Ryan R. Fox, development coordinator at BitShares, Perianne Boring, founder and president at Chamber of Digital Commerce, Eva Kaili, MEP Chair of STOA at European Parliament, and more keynote speakers who are set to discuss the matter of blockchain in business, including applications of blockchain technology, case studies, political views on blockchain, as well as engineering improvements of protocols and mechanisms in Distributed Ledger Technology.
Facebook’s Stablecoin Libra to Be Potentially Pegged to US Dollar, Euro and Yen
Facebook has opened a separate blockchain department at Facebook Inc and although the project that the social media giant had been working on in secrecy soon revealed a cryptocurrency-related venture, Libra was presented as a concept for Facebook’s own stablecoin months after the blockchain department was officially opened. Libra is set to be revealed and launched in 2020 and is supposed to be pegged to US dollar. With the latest news, Facebook is speculating that the upcoming stablecoin Libra will be backed by the euro, yen, Singapore dollar alongside the US dollar, allegedly reporting their intention to the US government.
Facebook Not Certain About Adding Chinese Yuan to the List of Currencies Backing Libra
Facebook’s Libra currency is scheduled to be officially launched in 2020 even though Facebook is struggling with regulations imposed by lawmakers as the US government is supposedly urging Facebook to prove that the upcoming Libra stablecoin won’t jeopardize the security of users.
Libra is designed by Facebook and collaboration partners working under the name Libra Association, while the main purpose of the stablecoin would be to represent a basket of currencies in order to attempt and avoid volatility.
In the meantime, China is encouraging different governments to have yuan, the Chinese national currency, included in their national reserves. The US government suspects that China is trying to stabilize their national currency through the upcoming Libra.
Facebook’s representatives stated that any decision made regarding the list of currencies backing Libra has to be made by all members of Libra Association, while no new currencies may be added without consent from the association. The general plan is to back the Libra stablecoin with reserve funds comprised of debt instruments and currencies issued by different governments. Facebook representatives also stated that even though the US government is expressing concerns around the launch of Libra, Facebook may decide to issue Libra outside the United States.