Reasons For IOTA’s 40% Surge In 7 Days

As the rest of the crypto market is trading in red, IOTA investors laugh all the way to the bank. The world’s 18th largest cryptocurrency has recorded an increase in 10% in the past 24 hours alone. Collectively, this amounts to a 40% increase in just a week.

It’s already an incredible year so far for IOTA. The digital currency has seen a collective increase of more than 100% since January 1st. Currently, the cryptocurrency is trading at $0.338, a mild retraction in its market price while its market cap trades at over $940 million.

Positive news has a way of affecting the performance of coins in the market. Such seems to be the case for IOTA. There are several positives from the news market that can be tied to its recent surge. One of the news is the listing of Bittrex and an increased adoption rate.

The IOTA Chrysalis Upgrade

The project, which was announced only a few hours ago, publicized the addition of new features to the Mainnet via an upgrade they call “Chrysalis”. According to information published on their official blog, the goal is to optimize fully the IOTA Mainnet alongside offering an enterprise-ready solution.

The Chrysalis is only in its intermediate stage before we can see the completion of the Coordicide, dubbed the “death of the coordinator”. Upon completion, IOTA will be in a position to function minus the central coordinator. The upgrade, on the other hand, will help the usability of IOTA’s Mainnet before Coordicide becomes active.

Automation Of Commercial Processes And IOTA’s Bittrex Enlisting

Meanwhile, DHL, a world-renowned logistics company mentioned IOTA blockchain as a valuable tool in its future of automating processes. According to DHL, the automation of commercial processes with blockchain-based smart contracts greatly reduces invoicing error alongside enhancing payment times. DHL asserts that the function will be useful for machine to machine payments.

The announcement that Bittrex global has enlisted IOTA native token (MIOTA) for trading perhaps had the most significant effect on the price jump. Bittrex is one of the reputable exchanges in the industry and IOTA’s addition is a significant milestone for its enthusiasts.


Board Members Conflict

Despite the positive news, trouble brews in paradise as IOTA board members conflict. One of IOTA’s founder members, Sergey Invancheglo is pursuing a lawsuit against David Sonstebo, another co-founder over a dispute of 25,000,000 MIOTA, which is approximately $7.7 million.

Invancheglo, who left the project a year ago accuses CEO Sonstebo of refusing to transfer funds alongside the accusation of embezzlement.

6 thoughts on “Reasons For IOTA’s 40% Surge In 7 Days

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    The 13th Annual Wabun Youth party was held July 22 to August 2, 2019. The event brought together junior youth aged 11 to 14 through the first week from July 22 to 26 and senior youth aged [url=]moldova brides[/url] 15 to 19 from July 29 to August 2. The annual event envelops Indigenous youth from the Wabun Tribal Council First Nations in northeastern Ontario for a two week long gathering that provides educational workshops on culture, historical, Outdoor activities as well as presentations on mental overall wellness. Wabun First Nations are situated firstly near Timmins, Kirkland lagoon and Chapleau. This year’s gathering was held at the Anishinabe non secular Center in Espanola.

    “This year’s gathering has provided an amazing cultural knowledge for our youth. In addition to the advantages of their culture and heritage, They also receive education and help on important issues such as mental health, despression symptoms and addictions. They have received this type of education and encouragement so often that we are now starting to see them providing peer to peer counselling and support with one another, articulated Deanna Heyde, Regional Crisis coordinator for Wabun Health Services.

    Deputy Grand Chief Walter Naveau attended the event during the second week and spoke to youth during a special public speaking.

    “It is like medicine for the soul when I see our young people interacting together and coming together at a gathering like this. It gives us hope to see our young people finding their link with the land, Their culture and their historical. I also wanted to share with them that we support and encourage each of them in everything they do, Said Deputy lavish Chief Naveau.

    Both weeks were caused by Great Lakes Cultural Camps, An local owned and operated training and teaching company from Wikwemikong First Nation. a lot more claims was founded and is led by Maheengun and Bernadette ‘Cookz’ Shawanda. we were looking at assisted by their son Naakwam Shawanda. Great Lakes Cultural Camps provided modern outdoor learning canoe handling and water safety, As well as educational workshops in established Native outdoor games, indigenous song, conventional dance and craftwork. They brought along additional specialists that provided hands on practicing canoeing and workshops on the science of traditional Indigenous crafts, Tools and engineering methods.

    “We started our business as a way to teach others about proper canoeing and kayaking methods and safety procedures but also to instill in youth knowledge of traditional culture and ceremonies. It feels great to share this knowledge with our Indigenous youth and to keep them connected to their heritage, spoken Maheengun Shawanda.

    Bernadette ‘Cookz’ Shawanda also led the youth on both weeks through several workshops and powerpoint presentations on plants and medicines, Cultural theories, regular ceremonies, Regalia, Pow Wow etiquette and ancient dress. She presented some of her own craft work including a routinely styled dress that would have appeared a century ago among the Woodland people of northern Ontario and the Great Lakes region.

    A special slideshow and education workshop was also provided during both weeks by Teddy Syrette, Who self identifies as a Queer native advocate and artist from Batchewana First Nation. He spoke to youth about issues regarding sex, info, Self esteem and acceptance of others who are different in the community.

    “I’ve known Teddy personally for many years and she has always been a great speaker and representative in the Native community when it comes to issues of sexuality and identity. Many of our young people are identifying themselves in multiple ways here in the north and it’s crucial that we show them that we all understand and accept everyone, No matter who they may be, being said Heyde.

    Randi ray, A citizen of Flying Post FN held a workshop and presentation to youth to encourage them in their education goals, As well as to gather their feedback and input on how to give voice to their needs in the training system in northern Ontario. Ray is an Indigenous representative and advocate who has been involved in many initiatives with post secondary education over the years.

    older Morris Naveau of Mattagami FN and elder Vina Hendrix of Matachewan FN, Assisted coordinators by acting as chaperones, Support workers and by leading in daily ceremonies.

    “I’ve been attending this gathering from the beginning and I have watched many of these young people grow over the years. They have become more confident in themselves and more in touch with their heritage and past, Said older Hendrix.

    Leon knight in shining armor, A 14 year old youth participant from Mattagami FN has attended the youth gathering regularly for quite a while.

    “We all wait for this gathering every year as it is a chance for us to see friends from other communities and meet new ones too. Many of us don’t get a chance to go out of our home community so it is exciting and fun to go somewhere new where we can be with our friends and learn new things, Said knight in shining armor.

    Heyde, Who was the lead organizer of this year’s event explained that she and the Wabun Health Department are grateful to a lot of people. Wabun Health Director Jean Lemieux also expressed her thanks to all relevant parties.

    “We are very grateful to our Elders, Chaperones and you who assisted in this years event. We are also grateful to Deputy Grand Chief Walter Naveau for attending to handle our youth. This annual event is made possible due to the work of so many individuals at our health office and through the collaboration of our community citizens and especially by our youth who attend and show their enthusiasm every year. It would also not be possible without the support and encouragement of our Wabun Chiefs and our Executive Director Jason Batise, cited Jean Lemieux, Wabun Health home.

    The Wabun Youth Gathering originated along with vision and dream of Wabun Elder Thomas Saunders of Brunswick House FN who lobbied for a youth gathering. sadly,the fact is that, He passed on before his dream had become but his legacy lives on.

    Wabun Tribal Council is a regional territorial arrangement which represents the six First Nation communities of Beaverhouse, Brunswick villa, Chapleau Ojibwe, flight Post, Matachewan and Mattagami in Northeastern Ontario and it is directed by its respective Chiefs.

    First Nation owned and worked, sundown Lodge, Near Brunswick House First Nation and madrid of Chapleau, Has enjoyed a flourishing first year of operation and is quickly developing as a first rate wilderness experience venue in Northern Ontario.

    The resort, Owned and persevered by Kevin Tangie, Former Chief of Brunswick House FN and current Economic growth Officer (EDO) regarding Chapleau Cree FN, Had a good first summer season 2018 with only referrals promotion and is developing as an easy escape to the northern wilderness.

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