Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here

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Binance is one of the most popular cryptocurrency exchanges on the market today, and they have recently expanded their offering by introducing margin trading. Here is a quick guide on how to margin trade Stellar Lumens XLM, -0.97% on Binance.

Open Binance account

1. What is margin trading?

When trading on margin, users borrow funds from an exchange or other traders in order to leverage their capital. In other words, margin trading allows traders to enter positions that are bigger than their starting capital, for example entering a position worth 2 BTC by posting 1 BTC as margin. In this example, we would say the user is trading at 2:1 leverage or “2x”. Traders can choose between a number of top cryptocurrency margin trading exchanges.

Margin trading comes with a higher degree of risk than simply trading with your own funds. While your gains will be amplified if you correctly predict the direction of the market, losses can add up very quickly if the market moves against you. If your margin level gets too low, your position will be liquidated – you will lose all the funds you posted as margin to enter the leveraged position.

2. Margin trading on Binance

Even though you don’t need to verify your identity to use most of Binance’s features (if you’re withdrawing less than 2 BTC per day), you will have to complete a know your customer (KYC) process to start margin trading on Binance. Please note that the margin trading feature is not available to residents of all countries. Among others, the blacklist includes the United States, Japan, Canada and South Korea.

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Go to your Binance account dashboard, select the “margin” tab and click “open your margin” account. If your account is not verified yet, you will be prompted to start the KYC process.

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3. Transfer funds from exchange wallet to margin wallet

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Now, you will be able to transfer funds between your exchange wallet and your margin wallet. You can monitor their status via the “wallet” tab on your account dashboard. You can fund your margin wallet by choosing the coin you want to deposit from your exchange wallet and clicking the “transfer” button.

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Once the funds are in your margin wallet, you will be able to use them as collateral to borrow cryptocurrency for trading. On Binance, you the biggest ratio you can borrow at is 3:1 (for example, you can borrow 0.2 BTC if you commit 0.1 BTC as collateral).

You can choose which cryptocurrency you want to borrow by clicking the “borrow/repay” button. Set the amount you wish to borrow and click “confirm borrow”. Your margin loan will be subject to an interest rate, which will be displayed when you’re setting the amount of funds you’re looking to borrow.

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Be sure to monitor your margin level, as you will lose your collateral if it drops to 1.1. At 1.3, you will get a margin call, which means that you either have to deposit additional funds as collateral or repay some of your loan. This is the formula that determines your margin level:

Margin Level = Total Asset Value / Total Borrowed + Total Accrued Interest Rate

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4. You’re ready to Margin Trade Stellar Lumens (XLM)

Now, you’re ready to trade on margin. Go to Binance’s trading interface, and select the pair you want to trade. You can see the pairs that are available for margin trading by clicking the “M” tab in the top right corner of the interface. Once you select your desired pair, in this case, Stellar Lumens with the ticker XLM, switch from the “exchange” to the “margin” tab under the chart.

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Now, you can either buy (go long) or sell (go short) the chosen crypto asset. You can choose to enter your position via a market, limit or stop-limit order. Once you’re ready to take your profits (or cut your losses), you can repay your debt in the margin wallet section. As mentioned previously, always be mindful of your margin level to avoid liquidation.

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Images courtesy of

by Emma Avon

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On August 19, the combined SHA-256 hashrate between the BCH and BTCnetworks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt Whatsminer M20S, generating a whopping 68-70 terahash per second (TH/s).

Bitcoin’s Hashrate Keeps on Climbing

After the birth of application-specific integrated circuits (ASICs) built for the SHA-256 consensus algorithm (BTCBCH), the landscape of manufacturers has looked very different. Even over the course of the last two years, mining producers have changed substantially except for Bitmain, which has managed to survive through every stage. The top mining rig creators in 2019 include companies like Bitmain, Pangolin, Innosilicon, Ebang, Asicminer, and Canaan.

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The combined SHA-256 hashrate between BCH and BTC is steadily approaching 100 exahash per second.

Pangolin, Innosilicon, Bitmain, and Strongu have all produced new miners in 2019. The top mining rig this month is the new Pangolin Microbt Whatsminer M20S, a machine that produces 68-70TH/s at top speeds. Unlike most of the manufacturers located in China, the Shenzhen Bit MicroelectronicsWhatsminer M20S hasn’t sold out yet. The unit consumes about 3360W off the wall and its two fans have a higher sound level than most competitors as the M20S generates 75db.

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The Whatsminer M20S model from Pangolin/Microbt mining performs at 68 to 70TH/s with a power consumption of 3360W off the wall. The M20S version uses TSMC-created 12nm semiconductors.

The M20S has TSMC wafered 12nm chips powering the devices. Pangolin is known for creating machines that produce competitive hashrates but with different sized chips. More than a year ago when companies like GMO and other manufacturers were seeking to score 7nm chips, Pangolin was still using 28nm and 16nm chips. However, the Whatsminer M3 and M10 produced between 12TH/s to 33TH/s using those chips. Pangolin may have got a deal on the 12nm chips as TSMC had slow orders on the 12nm and 8nm in April. According to the business, there have been six batches of Whatsminer M20S models sold so far. Each device is $2,629, and at $0.13 per kWh, the device makes between $9-11.50 a day at current BTC prices and network difficulty. Today, at a price of $318-325 per BCH plus the difficulty (287,507,454.73), profits can fluctuate between -2% to +2% processing either the BTC or BCH chains. The new Whatsminer M20S has received good reviews in comparison to the Asicminer 8 Nano Pro which was released in May 2018.

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The new Whatsminer M20S has received decent reviews online and there’s a few filmed performance tests as well. Unlike the Asicminer 8 Nano Pro there are resellers on the second market for Pangolin/Microbt brand devices.

Three Antminer Models With More Than 50 Terahash

Statistics show that the Asicminer 8 Nano Pro would be the second most powerful SHA-256 miner with 76TH/s per unit. However, the company is completely sold out and second market reviews are not very good. In fact, there are videos and reviews online warning people not to invest in the Asicminer 8 and the 8 Nano Pro. There are no second market resellers and nearly all the reviews stemming from every Asicminer product in existence have been negative. With a machine launched last year that costs $11,600 per unit and requires a minimum order of five units, it seems most mining operations did not invest in this model.

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Bitmain’s Antminer S17 series produces between 50 to 56TH/s depending on the model. Reviews are good, the company is still shipping batches and there are second market resellers as well.

Following the Asicminer statistics, the next three miners in the top five are manufactured by Bitmain, namely the Antminer S17 Pro series (53TH/s), S17 (56TH/s), and the 50TH/s S17 Pro version. The three new Antminers pull in around $7-10 per day with electricity rates at $0.13 per kWh.

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Local reports in China have revealed that Bitmain recently placed an order for “30,000 7nm wafers from TSMC.”

Older Mining Rigs Still Profit

All of Bitmain’s new S17 series miners are available to the public and the latest batches begin shipping in December. The prices for the new Antminer models are between $2,727 to $2,969 per unit. The Bitmain mining rigs are equipped with TSMC wafered 7nm chips and depending on the model each machine consumes 1975W to 2520W off the wall. The only other company that manufactures a mining rig that performs above 50TH/s would be the sixth most profitable miner today: the Innosilicon Terminator 3 (T3). The T3 processes the SHA-256 algorithm at around 53TH/s and can make anywhere between $5-9 a day with an electric rate of $0.13 per kWh. Mining rig manufacturers that have a few machines that produce terahash just below the 50TH/s mark include the new Strongu STU-U8 (46TH/s) launched in January and the Ebang Ebit E11 ++ (44TH/s) released in 2018.

Newer machines producing 40-70+TH/s are definitely leading the pack despite the fact they pull a lot more wattage. Although with current crypto prices still quite profitable, many older machines are still taking in daily revenue. This includes the Antminer T15, Bitfury Tardis, and the Ebang Ebit E11+, making between $2-4 per day. At today’s prices, the two most profitable SHA-256 coins (BCHBTC) continue to gain hashpower. The hashrate growth doesn’t look like slowing down anytime soon, with the new high-powered machines responsible for much of the increase.

by Jamie Redman

Read More Read More, Posted by: crytocure
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5 Easy Steps: Getting Listed on a Top-20 Cryptocurrency Exchange

Why do businesses like IEOs? Why do coins want to be listed on p2pb2b?

ICOs are based on the concept of crowdfunding, a simple yet astonishingly effective technique that at a stage shortly after its inception quickly started creating mastodon grants, of sorts, for many companies who used them, enabling them to reach never before seen heights.

What is an ICO?

The concept of ICOs is brilliant for the same reasons micropayments offer far many more opportunities than traditional donations: the miracle of intelligent design. However, a lot of power attracts a lot of corruption. Getting a lot of investments from clients all over the world is easy. Perhaps too easy: when ICOs started getting popular, it wasn’t long until dubious characters started hanging around who made it very clear they were, ahem, ahem, so completely legit (which didn’t stop them from disappearing with the millions they collected).

Roughly 80% of ICOs at their most popular stage were fake, according to a study by Satis Group. As a consequence, many who invested in ICOs ended up brokenhearted and looking for assurances.

The torch was accepted by IEOs (Initial Exchange Offerings) which come with substantial security guarantees (because exchanges audit and verify the projects, which means that investors are happy to trust them) and very substantial increases in coin performance.

p2pb2b offers exemplary protection against hacker attacks (a reverse proxy Web Application Firewall and OWASP compliance plus 95% cold storage) as well as software specifically designed to make business processes quicker. 

Perhaps more important is the fact that Estonia is one of the few countries in the world where exchanges are regulated and legal, so there is no better place to start forging life-long allegiances.

What benefits does getting listed on p2pb2b offer?

After participating in IEOs buying volume increases (in a speculative market like the crypto market reputation is everything) not only because more people simply know about the coin but also because they know that the exchange vouches for the coin.

Getting listed on an exchange typically means wider recognition and drastic rises in buying volume, but the key factor here is investors choosing as legally safe and sound places to go as possible, and in that sense Estonia-based p2pb2b is ideal. Along with regulatory transparency, security, and remarkable capability of handling feedback from users, p2pb2b offers a night sky full of diamonds: a row of IEOs that have been listed successfully.

How the process works on p2pb2b?

Send a request

Applу on the website or write to or

Wait for a speedy reply

The staff will reply as soon as they receive your request, usually within 10 minutes.

Talk to p2pb2b

Discuss all the nuances of the listing process and negotiate what’s important to you.

Make the relationship official

The applicant fills out the technical form, which p2pb2b evaluate and approve the project (site, logos, link to blockchain explorer, Github, API documentation).

We start on our journey together

When everything is ok p2pb2b signs a listing agreement with the project, accepts the payment and begins the process of coordination of announcements and integration.

What happens after the company has already paid for the listing?
  • The project gets acquainted with a personal manager: an action plan and areas of responsibility are discussed

  • Together with the manager, the project sets the date when the coin is to be listed

  • The project provides links to accounts on social networks

  • The project fills in the technical form that covers the nuances of listing

  • The company sets the price of the token (in dollars) and provides a logo

  • The project and the exchange agree on the upcoming listing announcement

  • The project sends test tokens to the exchange

  • The company is instructed on placing orders

  • The coin is inspected and receives notifications regarding completed verifications of orders

  • The project is informed about all the opportunities the exchange can offer

  • The news of the coin getting listed is announced using all the resources of the exchange

  • The project receives reports on the announcement

Security is of paramount importance, and that much we have learned from ICOs. IEOs ergo are the future, and taking into account the latest cybercrime statistics it makes sense to choose an exchange in Estonia, one of a very small number of countries in the world where crypto is regulated and run legally.

This is a place where investors will feel the safest, and thus businesses that attract funds through IEOS will have the greatest chances to maximize their potential. p2pb2b with its tremendous security architecture and a number of happy clients who have already conducted their IEO using the platform are an obvious choice.

Read More Read More, Posted by: crytocure
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Stellar Lumens (XLM) Drops Back to $0.066 After Rising to $0.069 in the Past 24 hours

Stellar price trades around $0.066 again just as yesterday but after rising close to $0.070 at $0.069. The crypto market seems to have a dull day even today as the major coin like Bitcoin, Ethereum and XRP have been trading with a downtrend only. Bitcoin price, the anchor has even slipped below $10,000 and is currently correcting upwards.

XLM needs to have a heavy and quick recovery in order to lighten the bearish phase it is surrounded with, presently. If the coin crashes down even further, the selling pressure will lead to a colossal amount of disinvestment in the coin.

XLM to USD Price Chart by TradingView:

The XLM price chart is a data feed from Coinbase as on 22nd August at 04:26 UTC.

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XLM Price Chart by TradingView

XLM Price Comparison:

As per the movement traced from the above 4-hourly chart of XLM, we see that the coin at the starting of the day was trading $0.067245. However, it is important to note that the coin even traded as high as $0.069 with a view to trade above $0.070 in the past 24 hours. But Stellar Lumens could not hold tight and this led the XLM coin to take a downward stride. 

In the past 4 hours, XLM has traded at the price mark of $0.065 with a plunge of 2.98% from the price of $0.067. Currently it is trading at $0.066 slightly above and below the lowest of the time frame until now and the opening price of the day i.e. 22nd August.

Technical Indicators:

As observed from the 4-hourly momentum of the Stellar coin, we see the bearish trace of XLM.

The current trading price is notably lower than its 30-day SMA ($0.077266) and 30-day EMA ($0.077127), trades with an absolute selling pressure.

The MACD of the XLM coin seems to have a collision of the MACD and the signal line after having a short-term bullish crossover.

The RSI of the Stellar coin is around 60 and has no extremities in the overbought or oversold region.

by Mehak Punjabi

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So you think leveraged digital asset trading is your shortcut to bitcoin riches?

Some people have “made it” that way, after all. There is one person who allegedly turned $55 million into $283 million in a little over a month’s time. There were rumors of another trader who made a killing shorting bitcoin during the bear market.

This sort of trading does not imply actual bitcoin possession. Such traders merely “bet” on the price fluctuations of the digital currency. They attempt to predict where the market heads. The upside is that they can make money even when the price of digital assets falls.

Jumping into the fray and claiming your share of the riches at Bitmex sounds like a great idea, doesn’t it?

If you dig a little deeper into the annals of crypto Reddit, however, you will come across scores of horror stories detailing how retail investors lost tens and even hundreds of bitcoins at Bitmex and other exchanges.

Leveraged trading is a tricky beast, and if you want to get acquainted with it, bitcoin trading simulators are your best bet.

A Bitcoin Trading Simulator Is a Game

This game uses real-world digital asset prices, allowing players to place long and short bets on price evolution. All for “play-money”. If you lose such a bet, you will end up with battered pride. Your wallet – digital or otherwise – will be unscathed, though.

Some bitcoin trading simulators make a point of precisely replicating real-world market conditions. A few spice up the action through rewards. These may translate into meager real money rebates at some point.

Trading competitions are encouraged and rewarded as well.

How Do Bitcoin Trading Simulators Work?

To give you an idea of how bitcoin trading simulators work, we’ll use an example.

Advertised as “easy to learn, but difficult to master”, Spark Profit is a fairly complex digital asset trading simulator. As players earn points by making successful predictions, they gain access to more tradable assets.

To get started with Spark Profit, just access SparkProfit.comand click the “play in browser” button. Select your preferred asset and you are ready to go.

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Your goal with Spark Profit is to:
  • Make your prediction.

  • Pick up the points awarded for successful predictions.

  • Earn enough points to clear the weekly threshold.

  • Pick up your real money prize.

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Click into the field on the left, and set the target price for your prediction. The game displays information about the costs and potential profits associated with your trade.

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Click NEXT and set your Stop-loss in the opposite direction. Simply drag the red line up/down.

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Click the START button to place the trade. Wait until it hits your target price or stop-loss, or close it manually at any time.

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Do not be surprised if meeting the weekly quota with Spark Profit turns out to be more difficult than expected. This simulator will give you a reasonable idea of how easy/difficult it is to profitably navigate the markets.

Taking It to the Next Level

Once you have Spark Profit mastered, you may want to step up your bitcoin trading simulation game.

Open a Bitmex Testnet account, and grab some testnet bitcoins from a faucet.

You are now ready to step onto the actual stage where the bulk of leveraged bitcoin trading happens.

The Bottom Line

Do not let your bitcoin trading simulator-born success blind you to the realities of bitcoin trading. If you really want to get into leveraged trading, take things slowly, one step at a time. Trading for real money/bitcoin comes with real-world rewards…and risks.

by James West

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Stellar (XLM) Under Huge Market Pressure; Price Drops To USD 0.066
  • Stellar (XLM) price takes a steep drop on the intraday price chart.

  • The traders are eyeing for a heavy recovery soon.
Stellar (XLM) is currently dealing with the bears. The recent improvement in the coin gave some hopes to the traders, but again the same got ruined due to the current market pressure. The coin is crashing down the price chart.

The time is not right for the coin, but the same would change soon. The coin has somehow kept a tight hold at the market 
cap and hence not slipping from its position in the crypto market.

Let’s take a look at the intraday chart.

Current Statistics of Stellar:
  • The coin is currently dealing at $0.06692.

  • The ROI stands at 2185.40%.

  • The coin is at the 11th rank in the altcoin market.

  • 19,636,136,315 XLM are circulating today.

  • $1,335,382,287 is marked as the market cap.

  • 24hr volume stands at $96,939,654.

XLM to USD Price Comparison:

The chart is taken from Trading View on 21st August 2019 at 04:03:09 UTC for price analysis.

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XLM Price Chart by TradingView

The chart is reflecting a heavy fall in price. On 20th August, the coin fell from $0.075 to $0.068 by 4.92%. The fall was massive. For the rest of the day, the coin kept it around $0.068 and closed it at the same level. The intraday loss was of 5.06%. Today, the coin has again marked a loss. The coin is slipping down from the beginning of the day. The price counters changed from $0.068 to $0.066.

Stellar Price Prediction and Conclusion:

We have seen Stellar (XLM) climbing up when the entire market was crashing down. It reflects that the coin has the potential to come out of any market pressure. We are looking forward to the same magic again. The coin might be seen improving in some days, till then, the traders should keep calm.

The coin is guessed to be best suited for long term traders.

by Ruti Vora

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CoinMarketCap has over 125 million people relying on its data as a reference price and trusted source of information on cryptocurrencies. Recently, it underwent a major algorithm change that impacted the way that the top 200 coins are ranked. For no apparent reason, some cryptocurrencies took a massive dive.

Out of those that were affected by the change, DAPS Coin was by far the worst. Adel de Meyer, the CEO of DAPS Coin woke up this weekend, discovering that DAPS Coin shifted out of position 176 to position 1,173 in a single day. No explanation had been provided by CoinMarketCap as to why DAPS Coin had dropped almost 1,000 in rankings.

Adel de Meyer, CEO of DAPS Coin  ADEL DE MEYER

In shock, de Meyer recorded a video sharing her thoughts on Twitter which has already received close to 10, 000 viewers. I reached out to de Meyer as I wanted to find out more information. Here’s what she had to say.

Question: What happened to DAPS Coin?

Adel de Meyer: Not too long ago, CoinMarketCap also referred to as CMC made some changes to their algorithm. Suddenly, without any warning, DAPS dropped over 1,000 in its rankings. Nothing has changed for DAPS to have dropped that low. 

Other projects have less market cap, project activity and volume than DAPS, but yet their rankings weren't impacted. Because of this, I could not understand why CoinMarketCap (CMC) dropped our ranking by this much. This is why I conducted an investigation and shared my findings on Twitter—the response was very supportive.

Question: What do you think about the requirements for the top 200 coins on CoinMarketCap?

Adel de Meyer: In my opinion, the requirements are vague and open to interpretation. There is no definitive method by which one can state that if the requirements are fulfilled, you will be ranked appropriately. Their direct competitor CoinGecko has its methodology published publicly, so it gives projects a fair and equal chance to rank better for their project’s visibility and credibility.

CMC methodology states that one of the ranking factors are "significant liquidity/trading activity with normal bid-ask spreads across sufficient sources of market data." This, in my opinion, motivates wash trading to comply with this requirement. So if one exchange listing falls low on liquidity, it is up to the project to employ market makers to ensure “normal” bid-ask spreads across the board. 

In my opinion, this does more harm than good to innovation, startups and the overall growth of the cryptocurrency industry. For the top 200 rankings, they also use something called Indices. “The CoinMarketCap Indices are a suite of benchmark indices designed to be the most comprehensive in the market, measuring the performance of the top 200 cryptocurrencies by market capitalization traded in USD.”

The methodology principles state that “all eligible cryptocurrencies are ranked by their current market capitalization.” To me, this is confusing because the market cap is not what CMC ranks you with any more.

Question: Can you explain what safekeeping is? 

Adel de Meyer: Safekeeping is synonymous for deposit or surety. Some of the bigger exchanges require a set amount of money (some up to 1 million dollars) that you guarantee for a year to use and trade with, in case your volume drops. 

Exchanges will do this to maintain volume and not damage their reputation. That's because exchanges want to show “volume and activity” for each coin, and this is a "questionable practice."

This is mainly, in my opinion, due to them wanting the high rankings on CMC to attract users and new listings, and they can demand huge listing fees when they are perceived as the biggest with “most volume.” Rumors have been making the rounds that some cryptocurrencies are paying exchanges like CoinMarketCap for higher listings. If this is indeed happening, then this is completely unethical.

Question: How does the CoinMarketCap decision impact the blockchain community?

Adel de Meyer: This is a fundamental issue for multiple reasons:
  1. CoinMarketCap requires that a coin must be listed on one or more of their partner exchanges, and these exchanges are centralized and regulated. These 2 things are in direct conflict with the tenets of crypto and the purpose for the existence of bitcoin.

  2. If it is proven that CoinMarketCap can manually adjust the ranking of a project, then they cannot categorically state that they are a neutral 3rd party.

  3. Centralization of a ranking authority is immediately problematic, not only does that go completely against the tenets of the industry, but this also means that there is the option for collusion, corruption, and coercion. 

  4. A ranking authority with the size and reputation of CoinMarketCap has the capacity to essentially “hide” a project at will. 

  5. There is a lack of transparency for the top 200 rankings. CoinMarketCap claims that they don’t publish this to avoid manipulation.

  6. Coinmarketcap created FUD (fear, uncertainty, doubt) in hard-working projects by decreasing their ranking by up to 1,000 rankings overnight without a plausible explanation. This leaves investors and traders confused, hence damaging the reputation of projects.

  7. The ICO Envion who was responsible for stealing 90 million dollars was ranked at 191 on CoinMarketCap until I tweeted about it this week. After which, their ranking suddenly dropped to 1,174. This type of flawed ranking is dangerous and poses a risk to new inexperienced investors in the cryptocurrency industry. This project should have been removed completely as per "CoinMarketCap Delisting Policy."

Question: Are there any new interesting developments at DAPS? 

Adel de Meyer: Our code is currently undergoing a security audit by Red4Sec who is well-known for work with other large projects like NEO. We also just returned from Canada’s largest blockchain event called Futurist, showcasing how DAPS Coin is competing in the privacy coin space. Lastly, we're planning for the launch of our mainnet, which we are pretty excited about—this will launch at the end of September 2019.

by Luke Fitzpatrick

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The cryptocurrency world is widely expanding and becoming more notable as time goes by. The US dollar is being used as the reference point as the conversion rate to this new global economy.

Even though it’s much better to look at market cap to get an idea of a coin’s size relative to other coins, there is arguably a psychological effect that makes cryptocurrencies with a small price per unit more attractive to certain crypto users.

In this article, we’ll be taking a look at 5 cryptocurrencies that are trading at $0.1 and under. The featured coins are sorted by market cap.

1. Stellar Lumens (XLM)

Stellar Lumens XLM, -2.87% is one of the most popular cryptocurrencies in the market, often ranking among the top 10 projects by market cap. Launched in 2014 by Ripple co-founder McCaleb, Stellar works under a non-profit organization. The main developer of Stellar is the Stellar Development Foundation (SDF), a non-profit operation.

The Stellar protocol is designed for efficient transfers between different assets. Transactions are fast and fees are extremely low, and the protocol even has an built-in exchange feature for trades between different assets. An interesting fact about Stellar is that the supply of XLM increases by 1% each year. 

2. Cardano (ADA)

One of the main advantages of Cardano ADA, -4.48% is its proof-of-stake design, which promises to bring better scalability than existing smart contract platforms. The Cardano project is notable for its thoroughly scientific approach, and is seen by many as one of the most serious competitors to Ethereum. However, the development of Cardano has been taking a long time and the coin has dropped out of the crypto top 10. ADA is currently ranked in 13th place.

3. Dogecoin (DOGE)

Dogecoin DOGE, 0.01%, also known as Doge, is an open-source, peer-to-peer cryptocurrency that began its journey as a joke and continues to be popular as a fun cryptocurrency. Named after the Shiba Inu “doge” meme, Dogecoin has slowly grown in value and became popular among thousands of users in various internet communities.

Even some “serious” cryptocurrency traders use DOGE as a way to facilitate transfers of value between different crypto exchanges – this is because DOGE is listed on many exchanges offers quick transactions with low fees. 

4. VeChain (VET)

The VeChain blockchain platform is primarily designed for the purposes of supply chain tracking. The developers of VeChain have managed to secure partnerships with several notable companies such as DNV GL, Walmart China and PwC. 

Holding VET tokens generates VTHO tokens, which are used as gas on the VeChain blockchain. This is very similar to the relationship between NEO NEO, -3.12% and the Gas GAS, -1.68% token. 

5. BitTorrent Token (BTT)

BitTorrent Token BTT, -0.57% is a TRC-10 token that functions on the TRON TRX, -3.15% blockchain platform. The main use case for BTT is to provide an incentive for users to seed torrent files by rewarding them with tokens.

BTT can be spent to increase the download speed of torrents. The platform enables users to continuously contribute small amounts of value from their devices by allowing others to make use of their additional resources. 

by Dennis Mangoli

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The foreign exchange market (forex) for international currencies is the largest and most liquid market in the world. According to the Bank of International Settlements, the forex market accounts for more than $5 trillion in trading volume per day — dwarfing other markets like major stock markets.

The forex market consists of trading pairs of international fiat currencies pegged against each other where traders speculate and hedge risk on the price of a specific national currency appreciating or depreciating relative to another currency. Interestingly, there is no central forex exchange, and all trading is open 24 hours a day, more than 5 days a week, with OTC financial trading centers operating in major cities around the world.

A Brief History of the Contemporary Forex Market

The origins of money are complicated and have consistently evolved throughout human history. Money exchanging services of various currencies date back to Ancient Egypt and have continued in various forms since then. Historically, most currencies were pegged to a stable financial asset considered to be sound money — primarily gold or silver.

However, that all changed following the onset of WW1 where many countries abandoned the gold standard that had been prevalent among international trade and exchange for decades. Several forex markets emerged following WW1 in the run-up to WW2, notably the Kleinwort family, who led the way in the foreign exchange market in London.

At the end of WW2, the Bretton Woods Accord was signed in 1944 in Bretton Woods, New Hampshire and paved the way for a series of developments that have come to define the international monetary system in its contemporary iteration.

The Bretton Woods Accord was an international monetary agreement between sovereign nations to institute a governing monetary order. Between the U.S., Canada, Western Europe, Japan, and Australia, the order required that governments tie their national currencies to gold — prescribing that exchange rates must be maintained within 1 percent.

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Absence of banking crises during the period of the Bretton Woods agreement, 1945 to 1971. Wikipedia

The accord also formed the International Monetary Fund (IMF) and stipulated the system rely on the U.S. financial system.

U.S. President Richard Nixon’s nullification of the Bretton Woods Accord in 1971 effectively ended the fixed price peg of the US Dollar — and by extension many other world currencies — to gold. The US Dollar officially became a floating fiat currency and was adopted as a reserve currency by many foreign nations, who continue to use it as a reserve currency today.

A system of free-floating currencies eventually materialized and is the modern international system of currencies that has allowed the forex market to flourish into the behemoth that it has become. With no stable price mechanism (i.e., gold), national currencies consistently fluctuate in value relative to each other, creating ideal opportunities for major market participants to profit and hedge risk on the spread between currencies.

How Forex Markets Work

There are three primary forex markets — spot, forwards, and futures markets. The spot market is by far the most popular, and consists of the real asset that both the futures and forwards markets are based on. Forex market participants range from international banks to enterprises that deal in various countries who are looking to hedge risk on the exchange rates they use for dealing in multiple currencies.

The spot market is where currencies are bought and sold at their current market price. The prices of currencies fluctuate consistently, many times by only a tiny fraction of their current value. A mixture of economic, political, and supply/demand affect the price of currencies, and markets are exceptionally liquid for primary trading pairs around the world.

For instance, the EUR/USD trading pair is the most traded currency pair in the world. Listed as EUR/USD makes the EUR the ‘base’ currency and USD the ‘counter.’ The price in the spot market next to this pair indicates the price of one Euro in USD. There will be a buy and a sell price, and the difference between the two is commonly referred to as the ‘spread.’

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EUR/USD Chart. TradingView

Spreads & Leverage

The spread between currencies is often minuscule, and price quote changes are typically measured to the fourth decimal place — known as a ‘pip.’ Traders are always buying or selling the first currency in a pair and can profit or sustain losses from the resulting movement of the spread.

Obviously, with such tiny spreads, profiting from forex trading often requires trading high volumes or trading on margin. Due to the massive liquidity of the forex market, banks allow for significant leverage for traders to buy currencies on margin.

Trades on the spot market are settled in cash and are comprised of an agreement between counter-parties to buy a specific amount of one currency in exchange for a fixed amount of another currency at the current market price.

Forwards markets in forex trading deal in contracts that specify explicit parameters for buying or selling currencies in an OTC transaction. Futures contracts are settled on major commodities exchanges like CBOE and CME and contain specific delivery dates and standard sizes.

Futures and forwards contracts are typically settled in cash also and are often used for hedging risk on future price movements.

Market Participants

Numerous entities participate in the forex market, and it is a primary reason for the enormous liquidity of the market.
The forex market is divided into tiers based on the amount of money being traded. The upper layer consists of major commercial banks and securities dealers, who account for 51 percent of all transactions in the market. Citigroup Inc. is the leading currency trader in the foreign exchange market, accounting for 12.9 percent of the overall market in 2016.

The subsequent layers are comprised of smaller banks, corporations, market makers, insurance companies, mutual funds, and more.

In particular, one of the primary applications of the forex market is for companies that deal in multiple international currencies to hedge risk. They may need to pay employees located in numerous countries or reduce the adverse consequences of price fluctuations during business transactions.

For example, if Company A is based in the U.S. and wishes to use the EUR/USD trading pair to buy Euros to pay employees located in Europe, they would tap the forex market. However, if the price quote rapidly changes between several hours and Company A is set to exchange a large sum of USD for EUR, then a small adverse price fluctuation could have a significant impact on their bottom line.

Companies may also leverage futures or forwards contracts to hedge against adverse price movements on predetermined transaction dates, which is a widespread practice among international corporations.

Another major participant is central banks of countries who use foreign exchange fixing as a specific indicator for market trends and evaluating their own currencies. Similarly, central banks tap foreign exchange services with reserve currencies (i.e., the US Dollar) to attempt to stabilize markets.

Forex Trading

A growing portion of forex market participants is retail traders who invest through banks or brokers. The two primary types of brokers for retail traders are brokers and market makers. Brokers take a fee from customers for finding the best price and trading on behalf of them while market makers are the principal in a transaction against a retail trader.

The demand for social trading services has become more prevalent as retail investors also seek to become more prudent in their broker selection following endemic fraud that many retail traders have historically faced. Regulation has also increased noticeably in forex markets over the last decade, and many smaller brokerage companies employing questionable operational practices have been removed from the market.

Other forex participants include money remittance companies. Remittance companies provide a highly practical service for migrant workers sending money home but have been justly criticized for their exorbitant fees and inefficient services.

Forex Brokers

We have covered quite a few Forex Brokers here on Blockonomi, these brokers are open to retail traders or professionals and offer a wide range of trading instruments such as Forex, Cryptocurrencies, Commodities, Shares and so on. They typically use Contracts for Difference (CFDs) which means you don’t own the underlying asset but they are essentially a bet between the opening and closing prices of a specified financial instrument.

Digital Assets and The Future of Forex Trading

The sheer size of the forex market is astounding. Driven by an ecosystem of floating fiat currencies without a stable price 
peg, the forex market has come to dominate global financial markets as the most liquid asset class in the world.

Interestingly, the emergence of cryptocurrencies and digital assets have provided a viable alternative to traditional foreign exchange services like remittances. Digital assets are also expected to become more ingratiated with the conventional financial system, and the expansion of trading pairs of many digital assets serves as a stark indicator of their inclusion within the financial portfolio and investment services of brokers.

The forex market is a unique financial ecosystem that has been referenced as the closest market to perfect competition due to its massive size and continual operation.

However, proponents of sound money like Bitcoin and gold take a hesitant outlook on the long-term sustainability of floating fiat currencies. The forex market’s size and complexity are a direct result of the dissolution of Bretton Woods and are indicative of the challenges required for an international monetary order of various national floating currencies to persist without the potential for black swan events.

by Brian Curran

Read More Read More, Posted by: crytocure
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Stellar Lumens (XLM) Embarks on a Reversal Trend, Trades Around its Major Support Level of $0.0665
  • Stellar takes a downward turn, after trading around $0.070. 

  • XLM continues to have an even intense selling pressure. 

  • The intraday movement appears to be bearish.
Stellar Lumens is ranked amongst the top 15 coins in the global market. Stellar coin slips below $0.070 and exhibits a reversal trend with a downward motion. XLM price was rightly trading above $0.070 in the past 7 days until yesterday when it took a reverse turn. Also, the Stellar coin was trading around $0.074 on 14th August that left an impression that XLM would trade beyond $0.075 and have a new weekly-high price mark. 

XLM to USD Price Chart by TradingView:

The XLM price chart is a data feed from Coinbase as on 21st August at 04:28 UTC.

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XLM Price Chart by TradingView

XLM Price Comparison:

As observed from the above 4- hourly movement of the coin, XLM started the day trading around $0.068. Around 03:30 UTC, the coin slid even lower with 75% candles reflecting a reversal trend that led to a downward motion and XLM currently trades at $0.0666. Stellar Lumens embarks on a bearish journey and therefore needs a push that can lead the price to cross $0.070 for a bounce back. The market cap has also slipped from $1.38 million to $1.35 million and even below. The stellar lumens price has plunged by over 4% when compared with the 24-hour high price ($0.070).

Technical Indicators:

The Bollinger Bands show a bearish trend as the price trend breaks below the lower band and the candles have a 75% reversion. Today, just sometime back, the expansion of the bands indicated towards having an increasing volatility which led to this fall.

The current Stellar price is notably below its 10-day SMA ($0.070404) and the coin trades with a selling pressure.

The MACD of the coin shows a negative outlook with a bearish crossover, as the signal line overpowers the MACD line.

The RSI of the coin is slightly above 30, but has a strong inclination towards the oversold region.

by Mehak Punjabi

Read More Read More, Posted by: crytocure
[Image: Bitcoin-stock-321-720x480.jpg]
By CCN Markets: Since August 15, in less than five days, the bitcoin price (BTC) has increased from $9,500 to $10,700 by well over 12 percent against the U.S. dollar.

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The bitcoin price has demonstrated a short term reversal after dipping to as low as $9,500 last week. | Source:

At the day's high, the bitcoin price spiked to as high as $10,950 on major regulated cryptocurrency exchanges, demonstrating a strong short term trend reversal.


Many traders foresee a high level of volatility as BTC attempts to break above a key resistance level at the $10,900 to $11,000 range.

Scott Melker, a trader at Texas West Capital, stated that $10,890 has been acting as a strong resistance level following the breakout of bitcoin.

"This is how I am watching it on the hourly chart. Holding the major ascending support, presently in a small trading range with a likely pennant formed. Red line ($10,890) is key resistance," he said.

After the bitcoin price briefly broke above the resistance level, Melker said that the trading sentiment has become difficult for both bears and bulls in the bitcoin market.

He added:

"Beautiful. Hourly candle (which was also the daily close) closed above the red resistance and is presently retesting as support. Price moved out of the pennant and trading range after wicking up and down to make life difficult for bulls and bears alike."

Josh Rager, a technical analyst, explained that in a larger time frame, a break above $10,977 as a resistance level could signal the start of a new bull run for the dominant cryptocurrency.

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Josh Rager [Image: 1f4c8.png]@Josh_Rager


Follow up on last tweet...

Bullish break it is [Image: 1f402.png]

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6:57 AM - Aug 20, 2019
Twitter Ads info and privacy

Rager stated:

"I wanted to see it over $10,800 and it did close, short term bullish Will continue to watch the order book and want to see continued follow-through from buyers (currently under weekly open from two weeks ago - will act as resistance)."


Bakkt, the first physically-settled bitcoin futures clearinghouse is expected to fully open on September 23, offering contracts that could actually have an impact on the bitcoin price.

"On Sept 23rd we’re set to launch two physically delivered bitcoin futures contracts: Bakkt Bitcoin (USD) Daily Futures; Bakkt Bitcoin (USD) Monthly Futures," the Bakkt team said on August 19.

Unlike cash-settled futures contracts offered by CME Group and other clearinghouses, which still process a significant portion of the global bitcoin volume, investors that purchase contracts through Bakkt will be able to physically hold BTC through the company.

While many investors anticipate that Bakkt would improve the liquidity of bitcoin, its potential effect would depend on the demand portrayed by investors in the market.

by Joseph Young

Read More Read More, Posted by: crytocure
[Image: Can-crypto-change-the-way-we-microwork-1.jpg]
An easy way to earn a gwei

Microwork may be the most niche form of online labor there is: it doesn’t pay very much, but it does get quite a lot of work done by spreading tasks far and wide. Usually, this  involves transcribing media, data entry, filling out surveys, and viewing ads – or any other brief tasks.

At first glance, microwork doesn’t look like much, but it is in fact quite commonplace. A recent study from the World Bank found that, in 2013, there were over 500,000 active microworkers worldwide. This accounted for 12% of all online work. Six years later, the numbers are likely to be even higher.

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Number of online workers in 2013, via the World Bank’s “Global opportunity in online outsourcing” report.

Traditionally, microwork has been dominated by Amazon mTurk, but cryptocurrency has the potential to disrupt the market. Low transaction fees make cryptocurrencies ideal for micropayments, and smart contracts are an effective way of coordinating tasks and preventing counterparty risk. But can crypto really deliver on this promise?

Where To Earn Crypto

There are already several crypto-based microwork sites. One of the most notable is CoinWorker, which was launched in 2012 as one of the first ever Bitcoin-based microwork sites. If you’re looking for something more recent, Expand (formerly known as Gems) provides an Ethereum-based alternative.

Some crypto-based microwork apps are also available for mobile users. Storm is aiming to deliver “gamified” microtasking to the masses. Meanwhile, Vodi X is attempting to provide user-friendly payouts by combining crypto with redeemable rewards, such as gift cards and phone plan top-ups.

Finally, there’s a brand new EOS-based microwork site, Effect Force. It went livein mid-July, and it’s largely concerned with producing data for AI training. Of course, there are many other crypto-based microwork sites apart from those listed here, but many of them are far smaller.

Is It Worth Your Time?

Unfortunately, many microwork sites aren’t very accessible. Coinworker is currently down, and Gems had just one task available when we visited its portal. Effect Force requires an EOS account before you get started, and that costs a few dollars. Finally, Storm and Vodi X require users to download an app, which might deter casual users.

With such low availability, it’s not surprising that so many microwork sites became defunct almost immediately. For example, Taskopus was a seemingly promising microwork site that offered Bitcoin Cash payouts. However, it vanished from the web without a trace shortly after going live in March.

That said, crypto-based microwork sites do offer competitive compensation when they actually have tasks available. Coinworker pays about $0.005 to $0.25 worth of BTC for each task. This is roughly on par with Amazon mTurk, which, by most accounts, allows you to earn about $2 per hour.

Why Is the Landscape So Barren?

There are a few reasons why crypto-based microwork isn’t really thriving. First of all, crypto startups move quite slowly. They need to abide by regulations, attract task providers, and ensure that their microwork service is thoroughly tested. Many microwork services have barely come out of beta.

On top of this, coordination could be an issue: it is easier to attract microworkers than to attract task providers. This isn’t a peer-to-peer industry; it requires investment from task providers who actually need to get things done on time. That could explain why so many sites have failed to take off.

Finally, microwork has a pretty serious image problem. Critics of microwork argue that the industry is exploitative, while its defenders argue that microwork provides opportunities that wouldn’t otherwise exist. Others see microwork as just a chance to earn pocket money – and, as such, microwork has yet to truly find its place.

by Mike Dalton

Read More Read More, Posted by: crytocure
[Image: stellar-lumens-xlm-staking-on-binance-696x365.jpg]
HOT: Get Free Stellar Lumens from Poloniex

Poloniex continues to give away free Lumens. Launched in May, the initiative is still taking place every week. You can benefit from it now.

Poloniex, has an offer which will end at 8pm ET tonight. If you are a Stellar Lumens fan, you will definitely like it.

In an official post on Twitter, Poloniex Exchange has announced a so-called inflation snapshot. During it, a customer may deposit Stellar Lumen to Poloniex and automatically receive inflation rewards.

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Poloniex Exchange


The weekly #Stellar inflation snapshot will occur at 12am UTC / 8pm ET tonight. Deposit #StellarLumen to Poloniex to automatically receive inflation rewards!  $XLM $STR @StellarOrg …

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12:39 AM - Aug 20, 2019
Twitter Ads info and privacy

The initiative has been ongoing since May. Back then, Poloniex announced its inflation rewards, emphasizing that “This is part of our broader efforts to allow customers to get more value out of their crypto assets.”

Its basic idea is that those who hold Lumen vote “on which addresses the Stellar protocol should distribute inflation to by voting for a specific destination address.” Hence the ratio is 1:1. 1 Lumen = 1 vote. If a certain destination address receives at least .05% of the weekly votes, it will also receive inflation rewards. The latter will be proportionate to the number of votes submitted.

In good health

Both Poloniex and Stellar seem to be in great condition. The U.S. based exchange has experienced an issue with their site. However, now it is open for trading once again. No funds, according to its representatives, have been stolen. 

Besides, the exchange has recently introduced new features.

Stellar is not lagging behind. In July, Binance discovered 9,500,000 Stellar as staking rewards. Moreover, Wirex, the U.K. based cryptocurrency payment processor, has partnered with Stellar. The partnership is curious since the British company specifically emphasized that it prefers this network to the ETH one. 

Currently, the coin is trading at $0.069889

by Lesia Dubenko

Read More Read More, Posted by: crytocure
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Many cryptocurrency supporters believe the technology allows for the separation of money and state in a manner that’s never been seen before. Governments inflict two forms of robbery against nonviolent citizens by forcing them to pay taxes while also stealing from them silently through inflation. Now there’s a wide array of digital currencies competing in different ways to help remove the parasitic behavior perpetrated by the oligarchy.

The Monetary System Designed by Oligarchs Penalizes the People

Most everyone lives under government rule and they are compelled to pay taxes and use the legal tender by order of their rulers. In most countries, everyone who has a job must contribute a portion of their earnings to the government. For instance, a portion of payroll taxes in the U.S. goes toward safety net concepts like Medicare and Social Security. 70% of an American’s income tax goes toward national defense, health care security programs, interest on the national debt, education, energy, and agriculture. A quarter of the funds go directly to the military and the average American family paid $12,000 in income tax in 2018. There are roughly 80 million households which means the U.S. government pulls in close to a trillion dollars annually from income taxes alone. That’s not counting state-funded lottery, road tolls, sales tax, capital gains, building taxes, business tariffs, property levies, and more.

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The state has been pillaging and stealing from the general public for centuries.

Despite the fact that most of the safety nets and health care systems are in shambles, roads are filled with potholes, bridges are failing, and the education system is failing, the only thing that continues to grow is the U.S. military. Oddly enough, people still believe these fools know what they are doing. Not only has the national defense budget grown absurd in America, but the evolution of for-profit-prisons and the expansion of the police state has amplified significantly. Since 1776 the U.S. has been at war 226 out of 243 years or 93% of the country’s lifetime and American citizens have paid for every last minute. Governments have also created a monetary system meant to enrich the representatives and their close friends. Meanwhile, the money system is manipulated and inflated so badly year after year, the nation’s citizens are forced to accept more taxes. The fraudulent monetary system pressures them into believing they need more benefits.

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Many are tired of paying for endless wars. With alternative currencies like bitcoin, people don’t have to contribute.

Cryptocurrency Solutions Are Tools for Increasing Freedom

There are many countries with different rules of law, taxation, and methods of managing the fiat currency governments produce and most of them are very similar. Meaning when someone says “If you don’t like it here, why don’t you just leave?” that really only gives them the choice to be ruled under another oppressive system. So if leaving isn’t so easy, there must be a way to circumvent the system where governments have control of our money but we must pay off their debts. The U.S. was founded by principles against taxation but the biggest foundation was the separation of church and state. For centuries humans have been forced to participate in the monetary system controlled by politicians and the world’s elite. But in 2009, the year the Bitcoin network went online, the monetary game changed and people now have the tools in cryptocurrency to disregard the rule of central money management.

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“We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own,” – Satoshi Nakamoto.

In the summer of 2015, Shapeshift CEO Erik Voorhees explained how we all learned 100 years ago about the separation of church and state. Voorhees detailed that at the time humans realized the practice was immoral and he believes that with the state currently having control over money the system today, it is rotten to the core. “[The state] could tell you what to worship and how, when and why — Somehow, society realized perhaps that it was unethical – that we shouldn’t permit control of something so personal and important to your life to be controlled by the state,” Voorhees told a crowd in Dallas that year. The Shapeshift executive added:

Money is absolutely as fundamental to our lives as religion, and for many people, it is far more fundamental to their lives as religion. It affects how your life unfolds. The choices that you make about money dictate the ramifications of your life and those around you. And so, to have an institution like money so controlled by a central entity — by a monopoly — is absurd. It is immoral. We should get rid of it.”

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“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts,” – Satoshi Nakamoto.

Bitcoin and a slew of other cryptocurrencies offer people a monetary system where there is no intermediary to trust, no middleman, and no state or corporate entity stopping you from transacting on a decentralized network. Instead of using fiat money which is predicated by force and violence, individuals and organizations can voluntarily choose to use a system that is transparent, permissionless, censorship-resistant, reliable, fast and empowering. Bitcoin maximalists will tell you that BTC is simply the only way to bypass the state’s manipulated monetary system, but right now there’s a wide variety of digital assets that can help achieve that.

Alternative means of circumventing the state like using precious metals can be difficult because the government has deep hands in these markets. Cryptocurrencies offer a high rate of portability and a way to hide money from agents trying to steal someone’s hard-earned wealth. With a cryptocurrency like bitcoin cash (BCH) for example, it’s possible to send funds across any border permissionlessly. An individual cannot hide a million dollars’ worth of gold, but can easily hide a small piece of steel with mnemonic phrase words etched into it and take things even further by memorizing the seed phrase. Agents cannot steal from your brain.

Like Many Ideas Before It, There’s Still a Chance That Bitcoin Could Fall Short of a Revolution

Cryptocurrencies are clearly tools that can be used to circumvent the state and these digital instruments could bring forth a new era of free markets. Despite the crypto enthusiasts who embrace the state daily and are literally begging for the institutionalization of Bitcoin, there are still thousands of individuals who participate in the crypto industry to promote the separation of money and state indefinitely. These people believe cryptocurrencies can empower the general population and not a group of oligarchs sitting on the hill. Libertarians and agorist philosophers who love cryptocurrencies don’t care about Bitcoin ETFs, Bakkt, and acceptance from congressional leaders. They care about separating the monetary system from the violent monopoly that steals from society every single day. In the summer of 2015, the founder of Defense Distributed, Cody Wilson, highlighted why cryptocurrencies like bitcoin could fall short of a revolution and fall victim to the same system we have today.

“Without a big expression of intentionality to what is considered not the polite things to do with Bitcoin — specifically money laundering, specifically private access to your coin, holding your own keys — without projects that express these principles, you have nothing of what you want with a revolution,” Wilson emphasized. “This leaves me to proclaim that most people involved with Bitcoin were not serious about that in the first place.”

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Today Many Cryptocurrencies Offer a Road That Leads to Greater Freedom

There are now multiple avenues available for cryptocurrency users to circumvent the state’s control over money. Despite all the arguments and infighting within the cryptocurrency community, these roads toward freedom of choice are still wide open. If you find the idea of separation of money and state appealing but are relatively new to cryptocurrencies, it is well worth taking the time to read more into the subject to learn how you can wield these tools against the nation state for your advantage. If you’d like to participate in the counter-economy, you can also purchase digital currencies from trusted platforms as well as in-person using noncustodial, peer-to-peer marketplaces.

by Jamie Redman

Read More Read More, Posted by: crytocure
[Image: Stellar-Lumens-Cryptonewsz-02.jpg]
Stellar Price Analysis: Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon!

Stellar has been organizing many webinars and seminars to grow and improve the credibility of XLM coin. Let’s hope for the same to happen soon.

XLM price is seen trading at $0.0722290 at 01:37 UTC on 20th August 2019. The value seems to move upwards. The other important factors of Stellar are as follows:
  • Return on Investment: 2313.20%

  • Total supply/Circulating Supply: 105,263,081,265 XLM/ 19,634,311,087 XLM

  • 24 Hour Volume: 57,994,581 USD

  • Market Cap Value: 1,409,925,159 USD

  • 7 Day high/low: 0.075302 USD / 0.066479 USD

XLM to USD Price Comparison:

[Image: Stellar-9.png]
Stellar Price Chart by TradingView

Well, we can see some surging in the right direction for Stellar after a long time. In the last five days, initially, the XLM price was trading below the baseline. On 15thAugust at 06:50 UTC, the value was trading at $0.06599, which was increased by 7.65% on the same day at 23:00 UTC trading at $0.07104250. Stellar price from then dropped by 5.86% on 17th August at 20:50 UTC with the trading price of $0.06689324. The price of XLM coin as of now is increased from then by 7.99%.

Stellar Price Prediction:

Currently, Stellar coin trading with bearish nature with some peep ups from the last few days, which means it may draw in new traders to offer on ‘purchase’ and incorporate XLM in their portfolio. The resistance and support levels can be considered as:

Resistance Levels:

R3: 0.073888

R2: 0.072906

R1: 0.07235

Support Levels:

S1: 0.070812

S2: 0.06983

S3: 0.069274

Till the flood is acknowledged emphatically on the bulls’ pattern, it is best exhorted not to offer on ‘sell’! In the upcoming months, it appears that the Stellar price may cross its 30-Day high value of $0.091. However, the truth will surface eventually, if that will occur!

by Ruti Vora

Read More Read More, Posted by: crytocure


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