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Stellar got ranked #1 coin to watch in November!

Stellar got recently ranked #1 coin to watch in November by a cryptocurrency listing website CoinCodex.
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[url=https://coincodex.com/crypto/binance-coin/]Binance Coin (BNB) got the second place. Read this article to learn more:

https://coincodex.com/article/2622/top-5-coins-to-watch-in-november/

Read More, Posted by: Mike1337

IMF Chief Calls for Central Banks to Consider Issuing Digital Currencies

[Image: imf-central-banks-digital-cover.jpg&w=824&h=298&q=75]

International Monetary Fund (IMF) Chair Christine Lagarde has called for central banks to consider the possibility of issuing Central Banks Digital Currencies (CBDC), describing them as potential tools of financial inclusion and consumer protection.

Better Than Cash?

While speaking at the Singapore Fintech Festival on Nov. 14, the renowned economist praised digital currencies in a marked departure from the IMF’s usual disposition toward digital assets, sparking hopes that financial regulators and institutions around the world are coming closer to finding a framework to support widespread cryptocurrency adoption.

In a prepared speech, Lagarde stated that CBDCs can reduce the risk of global financial instability by eliminating the psychological motivation behind a bank run. According to her, whereas during a bank run, customers hurry to make withdrawals because they believe that the bank’s funds will be irreparably depleted in they do not make it there in time, CBDCs remove this risk by enabling the distribution of money in a manner that far outstrips cash in terms of geographical reach, speed and security.

Speaking further about the potential benefits of CBDCs, Lagarde said:

Quote:
“That currency could satisfy public policy goals, such as financial inclusion, and security and consumer protection; and to provide what the private sector cannot: privacy in payments”

In her opinion, the issue of state-backed digital currencies would be in line with the expectations of modern consumers who increasingly expect money to not only be secure and easily usable like conventional cash but also to be easily integrated with social media. The benefits of the technology she said, far outstrip any potential pitfalls and it also provides a broad framework to mitigate the risks it creates.

Following her speech at the event, a 39-page IMF report on CBDCs was launched.

Changing Times at the IMF?

Lagarde’s pronunciation comes as a significant surprise at a time when the IMF is currently involved in a tussle with the Marshall Islands over the country’s controversial plan to float a sovereign ICO and issue a national cryptocurrency. Earlier this week, the organization effectively threatened the small Pacific country with an international aid blockade if it pushes through with its plan.

Prior to this week’s events, the IMF also released a report in September recommending against the issuance of a state-backed cryptocurrency in the Marshall Islands, stating that such a move would threaten the country’s economic link to the U.S. by jeopardizing its correspondent banking relationship with its large neighbor.

While it should be noted that cryptocurrencies and state-backed digital currencies may not necessarily be the same thing, Lagarde’s latest comments are certainly noteworthy. This is due to the fact that they, for the first time, indicate cryptocurrencies and digital assets are being seriously considered rather than being fought against at the highest levels of international finance and regulatory circles.

According to Lagarde, the best way to implement a CBDC framework would be through a public-private partnership that would leave the central bank to focus on back-end settlement and empower financial institutions to carry out client interfacing and innovation. In her opinion, the implementation of CBDCs would also be a significant boon to poorer regions of the world currently left underserved by the existing banking paradigm.

source cryptoslate.com
by Priyeshu Garg

Read More, Posted by: crytocure

Stellar (XLM) – Impact of central bank issued currencies on stellar (XLM)

[Image: Screen-Shot-2018-10-29-at-9.21.40-PM-1032x570.png]

Central bank issued currencies could become the norm soon

Central bank issued digital currencies could become a reality soon if the words Christine Lagarde (IMF chief) are anything to go by.

Speaking in Singapore, Christine Lagarde said that central banks need to look into issuing digital currencies in order to fill the void that has been left by the decline of cash. Her argument is that there is a need for state-backed currencies to avoid a situation where,

Quote:“Too much power could fall into the hands of a small number of outsized private payment providers.”

Ms. Lagarde’s statements have wide-ranging implications on the financial system, and more specifically, on cryptocurrencies that are aimed at the banking industry such as stellar (XLM) and XRP (XRP). That’s because, if central bank digital currencies become a reality, then they could radically alter the equation in the cross-border payments market since they would be fast, low cost, and have an element of anonymity. So what would be the possible implication of such currencies on stellar (XLM)?

Stellar has made significant progress in the cross-border payments market, through its partnership with IBM. Stellar’s position in this market could grow even in the age of central bank issued currencies. That’s because the blockchain world wire allows banks to settle in either stellar or central bank issued cryptocurrencies. It’s actually clearly spelled out on the IBM blockchain world wire website as below.

Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital asset as the bridge asset between any two fiat currencies. The digital asset facilitates the trade and supplies important settlement instructions.

This is an indicator that even if central bank issued currencies become the norm, the stellar blockchain will still have a place in the cross-border payments market. Since the IBM blockchain world wire is based on the stellar blockchain, it then follows that even as banks settle using central bank issued currencies, they would be doing so on the stellar blockchain, which would be adding to the transaction volumes on this blockchain.

Besides, the stellar blockchain has uses that transcend the cross-border payments market. For instance, stellar-based security tokens are slowly becoming a reality. So far, STOs have been gaining momentum to the extent that exchanges are now looking to launch STO-focused exchanges. Bithumb is leading the way on this front and is looking to launch a security exchange in the U.S. If STOs become the norm and there is an STO explosion, the value of stellar (XLM) would also exponentially go up in value. It would be a similar scenario to what happened to Ethereum during the ICO boom of 2017 that pushed ETH to over $1500.

Clearly, stellar (XLM) is well covered in the market, irrespective of changing market dynamics such as the rise of central bank issued digital currencies. Stellar’s long-term prospects look good, and it could be highly undervalued at current prices. If these use cases gain widespread market adoption, Stellar (XLM) could easily hit its all-time highs, and probably make new highs in the market.

source cryptorecorder.com
by Nicholas

Read More, Posted by: crytocure

Kik’s KIN Cryptocurrency Token Sides With Stellar (XLM) Blockchain

[Image: Kik-Picks-Stellar-Over-Ethereum-For-Its-...96x449.jpg]

Kik’s KIN Cryptocurrency Token Sides With Stellar (XLM) Blockchain Over Ethereum (ETH) For Launch

Kik, the instant messenger app has finally decided to quit on Ethereum permanently as it works to develop its own cryptocurrency called Kin.

While the token had initially launched early on during the upward trend of the ICO boom, Kik has since announced that it will be moving away from its atomic swapwith Ethereum. While this intention was announced, it has yet to specify a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for getting Kin holdings off of Ethereum.

Kik had managed to raise a great deal of funding from its initial coin offering in September 2017. In total, the company managed to raise $100 million. By November however, the chronic issues that Ethereum faced regarding scaling issues resulted in discussions pertaining to finding an alternative to Ethereum, something that Ted Livingston, Kik's Founder and CEO later confirmed in December.

By March, Kik had developers a dual-chain strategy slated for Stellar, with Ethereum for security and Stellar for speed; the initial plan is that users would be able to efficiently switch between either.

Then, in May, Kik announced that even Stellar's low transaction fees were too much when placed under the strain of scale. As a result, the team decided to fork Stellar, that way it could eliminate transaction costs wholesale. Kik's Ory Brand gave a talk quite recently on the advantages of Kin with pursuing a more federated consensus system.

Since then, Kik has decided to break away from Ethereum completely, instead of working towards a dual-chain system.

Re-affirming its initial goal to make Kin the single most used cryptocurrency in the world, Livingston announced in a release:

Quote:
“One Kin on one blockchain. That’s our vision, and our strategy continues evolving as we work toward building an infrastructure that supports this.”

Making Its Own Way

Kik is certainly not the only, or even first company to begin a blockchain project on top of Ethereum, only to shift away to an alternative platform. In fact, there have been a number of initiatives that used Ethereum as some form of incubation hub of sorts for a number of tokens which later broke away.

A couple of examples for this include EOS and Tron, both of which migrated their tokens away from the original blockchain, which made their fundraising possible.

For the Kin Foundation, the network's chronic limitations became especially prominent when some of its early network testing back in December became impossible due to the growing activity around the CryptoKitties app.

The matter has since become more urgent as the team rolls out new mobile products designed to give users ways to both earn and spend kin.

One of the spokesman for the Kin Foundation explained that it has been making further arrangements with exchanges, ensuring that as users take their tokens from their digital wallets onto coin exchanges, they will make a one way move onto the Kin blockchain, burning the original ERC20 token as a result of this.

There’s no deadline for users to make the move, however. The spokesperson said that existing users can sit on their tokens on ethereum as long as they like.

source bitcoinexchangeguide.com

Read More, Posted by: crytocure

XLM Dips Below The 100-Day Moving Average But Strong Support Below At $0.20

Stellar Price Analysis: XLM Dips Below The 100-Day Moving Average But Strong Support Below At $0.20

Stellar has remained relatively strong amidst the market bloodbath recently witnessed.
The market is still trading within the range of its sideways consolidation pattern as the market trends towards support around $0.20.
Support below: $0.2092, $0.20, $0.1898, $0.18, $0.1752.
Resistance above: $0.2418, $0.2648, $0.2877, $0.30, $0.3160, $0.3760, $0.3911.

Stellar Lumens has seen a pretty steep 12.90% drop over the past 24 hours of trading (at the time of writing) as the entire cryptocurrency markets slump across the board. Stellar is presently trading around the $0.2318 handle, and XLM has seen a 5% decline against BTC over the past 24 hours.

The Lumens project is now ranked in 5th position in terms of overall market cap value with a total market cap of $4.39 billion.

Despite the recent price decline, XLM holders may find comfort in the fact that XLM has seen a 90-day period where price action has increased by over 12%.

The 51-month old coin is now trading at a price that is 72% lower than its all-time high value.

Let us continue to analyze price action for XLM/USD over the long term.

Stellar Price Analysis

XLM/USD – LONG TERM – DAILY CHART

[Image: F7030741-6449-48F6-B5F5-2536E2F0DA1F.png?x50555]

Analyzing price action from the long-term perspective above, we can see that the market has broken out above the previous symmetrical triangle boundary that we had outlined in our previous XLM article. The now-broken triangle boundary is represented by a dotted line.

We can see that the market has now established a new, shorter-term, symmetrical triangle pattern as the market currently rests near the 100-day moving average.

Let us continue to analyze price action a little closer over the short term and highlight any potential support and resistance areas moving forward.

XLM/USD – SHORT TERM – DAILY CHART

[Image: 7CBDDCFE-B6F7-4CDA-8D4D-39CC8223D457.png?x50555]

Examining XLM/USD from the benefit of a closer time horizon, we can see that price action still remains within the range of the previous bullish swing leg which began from a low of $0.1676 on June 29, 2018 and surged to $0.3606, a price 114% higher, on July 25, 2018.

During November 2018 we can see that XLM/USD began to rally until meeting resistance at the short-term .382 Fibonacci Retracement level priced at $0.2877 before rolling over. This area of resistance was also bolstered by the upper boundary of the new triangle formed.

In the market bloodbath seen on November 14, 2018, we can see that XLM/USD had slipped to a low of $0.02186 before recovering and closing at support provided by the .618 Fibonacci Retracement level, priced at $0.2418. At the time of writing, the market has slipped back slightly below this support area.

Moving forward, if the bearish presence looming over the overall industry increases and pushes XLM/USD lower, we can expect immediate support below to be located at the .786 Fibonacci Retracement level priced at $0.2092. Support below this can then be located at the lower boundary of the symmetrical triangle.

If the sellers continue to push XLM/USD below the lower boundary of the triangle, we can then expect further support to be located at the short-term .886 Fibonacci Retracement level (drawn in green) priced at $0.1894, followed then by the longer-term .886 FIbonacci Retracement level (drawn in blue) priced at $0.1752.

Alternatively, in our bullish scenario, if the buyers can resist the bearish sentiment and drive price action above the $0.2418 handle again, we can expect immediate resistance above to be located at the .5 Fibonacci Retracement level priced at $0.2648. Further resistance above this will be located at the upper boundary of the newly-formed symmetrical triangle.

If the bulls can continue above the triangle pattern, we can expect higher resistance to be located at the .382 and .236 FIbonacci Retracement levels, priced at $0.2877 and $0.3160 respectively.

If the bullish momentum can persist to push XLM/USD above the July 2018 high priced at $0.3606, then we can expect further higher resistance to be located at the 1.272 Fibonacci Extension level priced at $0.3760, followed by the long-term .618 FIbonacci Retracement level (drawn in blue) priced at $0.3911.

The RSI has recently dipped below the 50 handle to indicate the sellers have taken over this market. For an indication that the bearish momentum is fading, we will look for the RSI to rise and head back toward the 50 handle.

Let us continue to analyze XLM/BTC over the long term and assess market behavior.

XLM/BTC – LONG TERM – DAILY CHART

[Image: C4A7F657-628D-4C85-BAF8-5CAF5E5F837C.png?x50555]

XLM/BTC over the long term has, largely, continued to trade sideways within a consolidation pattern bound by the long-term symmetrical triangle. The market is presently trading just below support provided by the long-term .382 Fibonacci Retracement level priced at 4,091 SATS.

Let us continue to analyze price action a little closer and highlight any areas of potential support and resistance.

XLM/BTC – SHORT TERM – DAILY CHART

[Image: 8C8E9C72-8204-4F55-91DB-BD50A4A2FBC6.png?x50555]

Taking a closer look at the market from a short-term perspective, we can see that XLM/BTC had experienced a bullish surge at the start of November 2018.

Price continued to rise until it reached the combined resistance provided by the .236 Fibonacci Retracement level priced at 4,423 SATS and the upper boundary of the symmetrical triangle.

The market has retraced slightly and is currently trading below support provided by the .382 Fibonacci Retracement level priced at 4,069 SATS.

Moving forward, if the sellers continue to drive price action lower, we can expect immediate support below to be located at the .5 FIbonacci Retracement level priced at 3,783 SATS. Support further below this can then be expected at the 100-day moving average which is currently hovering around the 3,651 SATS handle.

If the bearish pressure persists to push price action below the 100-day moving average, further support below can be located at the .618 Fibonacci Retracement level priced at 3,498 SATS, followed by the lower boundary of the symmetrical triangle.

If sellers continue to drive XLM/BTC further below the triangle, then more support can be expected at the .786 and .886 Fibonacci Retracement levels, priced at 3,091 SATS and 2,849 SATS respectively.

On the other hand, in our bullish scenario, if the buyers can drive price action higher above the 4,069 SATS handle once again, we can expect immediate resistance above to be located at the upper boundary of the symmetrical triangle pattern. If the bulls can climb above the triangle, higher resistance can then be located at the .236 Fibonacci Retracement level priced at 4,423 SATS.

If the bullish momentum can persist to push XLM/BTC further higher, more resistance above can be located at the 1.272 FIbonacci Extension level (drawn in purple) priced at 4,922 SATS.

source investinblockchain.com
by Yaz Sheikh

Read More, Posted by: crytocure

Stellar Lumens [XLM/USD] Technical Analysis: Bulls branded losers by the bear army

[Image: silhouette-315915_1280-e1542266562272.jpg]

Stellar Lumens is currently trading at $0.2351 with a market cap of $4.36 billion, after the beat attack yesterday, November 14. The market cap previously reached a high of $5.36 billion, which means a decline of approximately $1 billion. The trading volume of XLM been registered at $112.14 million, with Binance [approximately 34%] being the major contributor.

1-hour

Source: Trading View

The uptrend for Stellar Lumens still persists in the one-day chart, and ranges from $0.2858 to $0.2659. The downtrend has increased its hold, extending from $0.2856 to $0.2355. The price for XLM had previously broken the set support at $0.2531 and the new support is now at $0.2301. A new resistance has formed at $0.2413, with the other resistances being at $0.2597, $0.2747, and $0.2858.

The Bollinger Bands are indicating a period of high volatility as the bands have expanded. The prices have fallen below the simple moving average, indicating that the prices have moved to the oversold zone.

The Aroon indicator is showing a decline in the downtrend as the Aroon downline has touched the touched the zero line and bounced back. The Aroon up line is yet to touch the bottom line.

The Stochastic indicator is in a league of its own as the lines have undergone a bullish crossover.

1-day

[Image: XLM-1D-1.png]

Source: Trading View

With the uptrend line missing, the downtrend line is ranging from $0.4350 to $0.2775. The supports have formed at $0.2270 and $0.1768, while the resistances are at $0.2813 and $0.3336.

The Parabolic SAR is showing a bearish presence as the markers are formed above the candles, indicating a bearish pressure.

The MACD line is crossing the signal line to the bottom indicating a bearish crossover. The MACD histogram is starting to represent the same.

The Awesome Oscillator spikes have undergone a bullish reversal as the spikes have gone from below the zero line to the top. The red spikes that are formed above the zero line indicate that the short-term momentum is rising faster than the long-term momentum indicating a bullish buying opportunity.

Conclusion

The indicators in the one-hour [Bollinger Bands, Stochastic and Aroon] charts are indicating a solid bearish presence, while those in the one-day chart, SAR, MACD indicate the same. With the exception of Awesome Oscillator, which indicates a short-term bullish buying opportunity.

source ambcrypto.com
by Akash Girimath

Read More, Posted by: crytocure

Bitcoin And Crypto Market Plummets

[Image: https%3A%2F%2Fspecials-images.forbesimg....it%3Dscale]

Bitcoin And Crypto Market Plummets--Dealing Blows To Ripple (XRP), Ethereum, And Bitcoin Cash

Bitcoin and the wider cryptocurrency market, including major coins ripple (XRP), ethereum, bitcoin cash, stellar, EOS, and litecoin, have fallen sharply today ahead of a bitcoin cash fork that's threatening to tear the bitcoin rival apart.

Bitcoin fell below the psychological $6,000 mark for just the second time this year amid a wider sell-off that saw almost all major coins fall by at least 10%. Bitcoin dipped below $6,000 in June but quickly climbed back, according to CoinDesk's price tracker.

The bitcoin price plummetted to $5,534 on the Luxembourg-based Bitstamp exchange before rebounding somewhat. Earlier today a bitcoin price indicator, known as the "death cross", was seen for the first time since December 2014, CoinDesk reported.

The bitcoin price has been stuck in a downward trend all year—dragging the wider cryptocurrency market with it. The bitcoin price is down some 70% from its peak while the likes of other major cryptocurrencies ripple (XRP) and ethereum are down around 80%.

The last time the bitcoin price was below $6,000 for any significant time was November 2017, suggesting that the bitcoin bull run many have been hoping will emerge in the run-up to Christmas will not appear.

"The market had been entering a wedge, with the volatility so low," said Charlie Hayter, founder of crypto data website Cryptocompare, told Reuters.

"What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action."

Earlier this month bitcoin volatility hit its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S. stocks for more than two weeks in a row.

Earlier this week, the respected chief executive of bitcoin exchange Binance, Changpeng Zhao, said he expects another bitcoin "bull run" to happen "sooner or later", telling CNBC's Crypto Trader program: "Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen... Sooner or later, something will trigger it."

[Image: https%3A%2F%2Fblogs-images.forbes.com%2F...1-14-1.jpg]

[Image: https%3A%2F%2Fblogs-images.forbes.com%2F...1-14-1.jpg]

The bitcoin price has not fallen under the $6,000 mark since November 2017.COINDESK

Elsewhere, a new San Francisco and Singapore-based hedge fund, Circuit Capital, is arguing the fall in bitcoin price over the last 10 months has obscured the growing use of cryptocurrencies among consumers and investors.

"Despite what is happening with prices, we’re seeing adoption growing and a lot of people are looking to scale crypto businesses," Circuit partner Eugene Ng told Bloomberg. "We are starting to see talent moving into this space and institutional infrastructure developing."

However, earlier this week a report revealed corporate interest in bitcoin, cryptocurrencies, and the underlying blockchain technology could be waning.

S&P 500 executives are dropping blockchain buzzwords less on earnings calls and during presentations to analysts and investors, according to U.S. politics website Axios.

It was not immediately clear what had triggered the sudden sell-off today but tensions in the bitcoin sector are high ahead of a fork of the bitcoin cash cryptocurrency, expected tomorrow.

[Image: https%3A%2F%2Fblogs-images.forbes.com%2F...00x781.jpg]

[Image: https%3A%2F%2Fblogs-images.forbes.com%2F...00x781.jpg]

The top 10 cryptocurrencies were all down by around 10% on the last 24 hours, leaving boards showing a sea of red.COINMARKETCAP

Bitcoin cash, which split from the original bitcoin blockchain last year, will tomorrow split in two again, creating a third cryptocurrency.

The two digital currencies will go by the names Bitcoin ABC (core Bitcoin Cash) and Bitcoin SV (Satoshi’s Vision).

Bitcoin cash has been highly volatile in the run up the fork, rising as much as 50% over the last few weeks before falling sharply more recently.

In order to support the market and reassure investors many major bitcoin and cryptocurrency exchanges, including Coinbase,

Binance, and Bitfinex, have said they will support the hard fork, meaning owners of bitcoin cash will receive 1:1 per new cryptocurrency.

source forbes.com
by Billy Bambrough

Read More, Posted by: crytocure

Kik Selects Stellar Over Ethereum for Token Launch

Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin.

Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum.

Kik’s token has had several homes in its short life.

The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November, ethereum scaling issues resulted in talk that kin could find its way onto an alternative blockchain – something that Kik founder and CEO Ted Livingston later confirmed that December.

By March, Kik had developed a two-chain strategy slated for stellar, with ethereum for security and stellar for speed; the plan was that users could switch back and forth.

Then, in May, Kik determined that even stellar’s extremely low transaction fees were too much at scale, so it decided to fork stellar so it could eliminate transaction costs entirely. Kik’s Ory Band recently gave a talk on the advantages to kin with pursuing a federated consensus model.

Now, Kik is breaking away from ethereum entirely.

Reiterating his goal to make kin the most used cryptocurrency in the world, Livingston said in a release:

Quote:“One Kin on one blockchain. That’s our vision, and our strategy continues evolving as we work toward building an infrastructure that supports this.”

Flown the coop

Kik isn’t the first company to start building on ethereum only shift away to alternative platforms. Indeed, ethereum has served as an incubation hub of sorts for a number of tokens that later broke away.

For example, EOS and Tron both migrated their tokens off the original blockchain that made their fundraising possible.

For the Kin Foundation, the network’s limitations hit home especially hard when some of its early network testing in December became impossible due to the growing activity around the CryptoKitties app.

The matter has since become more urgent as the team rolls out new mobile products designed to give users ways to both earn and spend kin.

A spokesperson for the Kin Foundation explained that it has been making arrangements with exchanges, ensuring that as users move their tokens onto exchanges, they will make a one-way move onto the kin blockchain – burning the original ERC-20 token in the process.

There’s no deadline for users to make the move, however. The spokesperson said that existing users can sit on their tokens on ethereum as long as they like.

source coindesk.com

by Brady Dale

Read More, Posted by: crytocure

Stellar Lumens [XLM/USD] Technical Analysis: Bulls rest while bears plan siege

[Image: soldiers-1002_1920-e1542205583579.jpg]

Stellar Lumens is the only cryptocurrency that has been seeing a lot of volatility in the market, the prices have been varying in +/- 5% every other day. The current price of XLM is $0.2538, while the market cap is holding at $4.74 billion.

The trading volume of XLM is $64.98 million while most of the XLM trade volume is coming from Binance which is contributing ~25% of the total trade volume.

1-hour

Source: Trading View

The one-hour chart is showing an uptrend that spans from $0.2659 to $0.2858, while the downtrend ranges from $0.2856 to $0.2547. The previous supports have been broken and a new support is set up at $0.2531. The resistance points are at $0.2597, $0.2750 and $0.2858.

The Bollinger Bands are in an expansion state, indicating a period of high volatility. The price candles are below the simple moving average, indicating a bearish presence in the market.

The Aroon indicator shows that the downtrend is dominating as it has hit the 100 line, while the Aroon up line has collapsed to the bottom.

The MACD indicator shows a bearish crossover that has occurred, indicating a bearish presence. The MACD histogram shows the same with red bars developing above the zero line.

1-day

Source: Trading View

The uptrend is very small and it ranges from $0.2259 to $0.2542 while the downtrend ranges from $0.4582 to $0.2775. The immediate support is formed at $0.2227, which is followed by $0.2072 and $0.1768. The resistance points are holding steady, with the first resistance point set up at $0.2813. The subsequent resistances are set up at $0.3336 and $0.3693.

The Parabolic SAR markers are forming below the price candles, indicating a bullish presence. The markers, however, are showing signs of reversal.

The MACD indicator is showing a bullish presence as well. However, the lines look like they are about to have a bearish crossover.
The Awesome Oscillator shows the spawning of red spikes above the zero line, which indicates that the short-term period is trending higher than the long-term period.

Conclusion

The one-hour chart, unlike the one-day chart, is showing a strong bearish trend as indicated by Bollinger Band, AO, and MACD. The one-day chart shows a weak but a bullish trend.

source ambcrypto.com

by Akash girimath

Read More, Posted by: crytocure

Today Bitcoin price crashed. Any ideas why?

Today was a really bad crash. Bitcoin priceand the whole market dropped by more than 10% in a few hours. Any ideas why?

Read More, Posted by: Mike1337

LIGHTNING NETWORK PASSES 4000 NODES, REACHES ALL-TIME CAPACITY HIGH

Bitcoin’s nascent mainnet implementation of the Lightning Network (LN) has reached a new milestone, passing 4,000 nodes for the first time.

LIGHTNING HANDLES $750K

Data from monitoring resource 1ML confirms the latest growth of Bitcoin’s second layer designed for fast er and cheaper payments, Lightning Network, which at press time November 13 had a total of 4,026 nodes, of which 2,910 were public. (Though many more hidden nodes likely exist.)

The mainnet network has a capacity of 112.5 BTC ($709,000) with the largest single node, ‘fairly cheap,’ providing just under 16 BTC of that amount.

Earlier Tuesday, the capacity figure had reached 118 BTC ($743,000), a new all-time high for the mainnet.

[Image: shutterstock_1031345533-980x551.jpg]

[Image: shutterstock_1031345533-980x551.jpg]

While LN still remains a decidedly experimental concept, with developers still working on basic security and robustness rather than user experience or ease-of-use, technical achievements and consensus continue to progress.

As a result of a summit held in Melbourne, Australia in September, Alex Bosworth, Lightning infrastructure lead at the network’s corresponding developer Lightning and CEO of payment gateway Yalls.org, on Monday revealed which improvements the community has agreed to implement.

In time for the next version of the Lightning Network, a total of thirty changes would go live. These include multi-path payments, dual-funded channels, and hidden destinations, along with more technical features.

STELLAR TO ADD LIGHTNING BY 2019

While the technology is also active for Litecoin, Stellar $0.24566 -1.65% this week meanwhile also pledged to debut LN on its own network before the end of 2018.

In a blog post, officials said they had “noted the market demand for more private channel transactions” and would thus hasten implementation.

“Lightning will have a huge positive effect on Stellar’s long-term scalability and security,” they added.

Quote:We’ve been aware of Lightning’s potential for Stellar for a while, and we’ve recently collaborated with Stellar advisor and Bitcoin Core developer Jeremy Rubin to optimize our implementation.

The altcoin this week moved into the top five cryptocurrencies by market cap, relegating EOS to sixth place.

The Bitcoin Lightning Network today can be visualized as follows:

source bitcoinist.com

by Esther Kim

Read More, Posted by: crytocure

Swiss Cryptocurrency Firm X8 Bags Islamic Finance Certification

X8 AG, a Swiss financial technology firm has successfully obtained Islamic scholars certification for its fiat and gold-backed cryptocurrency from Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by the central bank of Bahrain, Reuters reports, November 12, 2018.

Plans to Expand into the Middle East

Seeing the burgeoning fintech environment in the region, some regulatory bodies and financial exchanges in the Middle East have shown their interest to pull new businesses and push for innovation in the industry.

To be compliant with the regional financial norms, a growing number of fintech companies are integrating their services into Sharia-compliant finance. However, due to their relatively nascent age and volatility, cryptocurrencies have managed to raise concerns among the Islamic scholars as they look to assess digital currencies’ religious validity.

Notably, Francesca Greco, the co-founder and director of X8 AG isn’t too bothered with such concerns, as she thinks that the firm’s fiat and gold-backed Ethereum-based cryptocurrency could successfully address such hurdles.

Greco further mentioned that the company is set to open its regional office in the Middle East later this month. She added:

Quote:“The Gulf region is a really good place for financial technology companies because they all want to become hubs for fintech. Regulators in the Gulf region have built a welcoming environment for fintech but they are also being cautious about cryptocurrencies, giving an opportunity for so-called ‘stablecoins’ which are designed to reduce price volatility.”

It was also learned that the firm has plans to launch a Sharia-compliant crypto exchange, as it recently held discussions with local exchanges in Dubai, Abu Dhabi, and Bahrain.

Gulf Emerges as the Hotbed for Emerging Tech

While digital currencies see a hard time in growing economies like India and China, the Middle East seems to be embracing the new tech without any hassle.

BTCManager reported on July 19, 2018, how the Stellar Lumens Foundation received certification from Islamic scholars of Shariyah Review Bureau (SRB) for its native cryptocurrency XLM. The development put stellar lumens on a pedestal against its rival Ripple,
as it gained access to the vast Middle Eastern and South East Asian markets where Islamic banking and sharia-compliant products have a strong demand.

The Middle East has also shown considerable interest in the technology that undergirds digital currencies.

Using the blockchain technology, Dubai aims to have the world’s first fully digitized government by 2021. To the tune of this ambitious target, the country partnered with IBM to launch a government-backed DLT platform as a part of the Smart Dubai Initiative.

source btcmanager.com
by Aisshwarya Tiwari

Read More, Posted by: crytocure

Stellar (XLM), Electroneum (ETN): Why You Should Hodl These Sleeping Giants

[Image: Stellar%E2%80%8AXLM-Electroneum-ETN.png?...C420&ssl=1]

Stellar Lumen (XLM) – Electroneum (ETN) –There are multitudes of projects in the crypto market that it is not so easy to separate valuable and substantial projects from smokes.

Since you don’t want to be caught Hodling the bag on some failed projects, it is crucial that you diligently observe the market and check the success potential of cryptoprojects before you engage in hodling them. Stellar Lumen (XLM) and Electroneum (ETN) are two altcoins you should consider.

It’s an open secret in the cryptospace that mass adoption is likely to be the reason behind the next wave of growth that will be witnessed in the crypto industry. As such projects with potentials for an exponential adoption are bound to have the most significant gains.

Stellar (XLM)

Stellar (XLM) is a decentralized platform that was built by the co-founder of Ripple, Jed McCaleb, to facilitate the easy and efficient exchange of assets. It is an open-source payment platform. As a blockchain based technology the Stellar Lumens platform supports settlements in a decentralized and secured manner.

Stellar Lumen’s (XLM) Modus Operandi

Like many decentralized payment technologies, Stellar runs a network of decentralized servers using a distributed ledger that is updated across all nodes every 5 seconds or so.

One of the most distinguishing factors of Stellar that set it apart from Bitcoin is its Consensus protocol. Stellar Lumens uses the Federated Byzantine Agreement algorithm (FBA), which enables faster processing of payments. Therefore the protocol doesn’t rest on the complete miner’s network to approve payments as Stellar only use a portion of their platform to authenticate and approve payments.

Stellar (XLM) Partnership Deals Propel It

Through the IBM Blockchain World Wire, the Stellar blockchain stands to gain a substantial presence in the cross-border payment market.

Stellar’s (XLM) adoption potential also looks good in asset tokenization sphere. This is because companies like Apple amongst others could tokenize and open themselves up to investors from around the world through Stellar STOs.

Since asset tokenization provides a cost effective way for companies to raise financing, it will add significant value to Stellar (XLM). The moment asset tokenization gains momentum so will the value of XLM.

Thanks to its partnership with IBM which has in turn partnered the Australian government for the development of AI, blockchain technology and quantum computing in the country. The import of this partnership for Stellar is that in all probability Stellar and XLM will be used by the Australian government.

Electroneum (ETN)

Electroneum (ETN) is another project that is strategically positioned to thrive in the long-run. Built with the aim of allowing everyone gain access to and also enjoy the advantages of a digital currency. Electroneum (ETN) plan to achieve this by bringing the crypto experience to users’ smartphone through their user friendly app that can be utilized by anyone.

Electroneum (ETN) Adoption Features

Electroneum(ETN) intends to offer financial services to users of smartphones in developing countries. This is a billion dollar market Electroneum (ETN) is targeting and with its KYC feature it can easily dominate this industry.

Being the first mobile based cryptocurrency, Electroneum has a high adoption rate as it provides new entrant to the crypto space ease of access through its mobile miners.

When it comes to adoption, Electroneum (ETN) holds more potential than most altcoins in the market. The fact that it was designed as a mobile cryptocurrency makes it very viable considering the size of the smart phone industry.

source todaysgazette.com
by Kikelomo Ogunbamila

Read More, Posted by: crytocure

Why Stellar Lumens (XLM) Price Movement is not Hype Based but Natural

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With the growing optimism of a crypto market revival, Stellar Lumens (XLM) continues on its journey to take leadership in the market by overshadowing its bitter rival, Ripple’s XRP. Hopes are still high that the coins will soon get listed on Coinbase after Basic Attention (BAT) got a nod recently.

Earlier in the year, Coinbase has shown an indication that XLM was among five coins it was targeting to list. Many investors have come onboard the Stellar network with the hope of a major boom once the asset is added on the prestigious and global exchange.

The Lumens ecosystem unlike that of its competitors is highly diversified and this makes it a better platform to stake on for the future. Apart from the highly anticipated listing, the coin has generated its own visibility through high profile partnerships that have given the investor community extra confidence on the system.

Demand Based Stellar Growth is the XLM future

The current Stellar growth is as a result of its market stability and this has pushed its MCAP higher which is backed by an appealing price giving it a surefire reason of not only getting listed on Coinbase but other exchanges of repute. However, the exchanges end goal is to offer a wide range of coins to its audience, the popularity of XLM is no doubt on the rise and the listing is drawing nearer.

Investor Confidence on the Rise in the Crypto Sphere

The investor confidence appears to be creeping back into the market and the stability of XLM for the last few months has seen renewed adoption. This has also been boosted by the XLM usability that is more appealing and cost effective especially for institutions across the globe.

The global money movement milestone by the outfit has given the market a new outlook and the over-reliance on the traditional money systems is on the downtrend. Stellar is among the most functional systems in the market today and its popularity is based on its real-world solutions riding on a structure that has been well thought out.

Stellar Lumens (XLM) Price Challenges

Just like other top ten coins in the market, the XLM price has been trending on both the green and red territories for the last few months and a market recovery will pave way for the coin breakout that is expected to push the coin price above the $1 mark.

The recent partnerships are the backbone of the coin and the coin exposure has exceeded 13million users and it keeps growing and the anticipated Coinbase addition will give it extra visibility and usability. However, the growing investor interest on select functional coins has seen the XLM demand slightly grow despite the coin trading in the red for the last 24 hours.

At the time of writing the Stellar Lumens, XLM price stood at $0.254579 reflecting a loss of 4.30% against the dollar. However, the long-term prospects still remain strong and the end of Q4 could see the price edge close to $1. The bear market takes over action currently could be a positive indication of a new era in the market. The current price comes hours after the coin gained over 6% a day ago and the instability might scare away market prospectors in the short term.

source cryptoglobalist.com

Read More, Posted by: crytocure

Only Stellar, EOS and Dogecoin had daily active addresses this year till date: Tom Le

Tom Lee, head of research and co-founder of the independent research firm Fundstrat, recently shared his view on the cryptocurrency market.

The recent interview appeared on YouTube’s Crypto Tips, where Lee started by stating that the market is overflowing with speculators. According to Lee, “In general, when people in traditional markets look at crypto they think this is purely speculation and the only reason why people buy crypto assets is speculation.”

He believes that a lot of people believe there’s something wrong with traditional financial systems, and are trying to re-architect it. However, what people overlook often is that in traditional markets, be it stocks or bonds or currency or gold or oil, one can measure the amount of money is traded on speculative purposes versus actually-used purposes.

Lee said, “Crypto today is only 4:1. So the amount of speculation is quite low relative to the actual on-chain, compared to other markets.” While he believe that there are legitimate criticisms in the space, there is a possibility of unethical behaviour which include exploitation and scams.

“There’s potential for someone to be unethical because these are bare instruments and it’s anonymous, but I would say that it’s not true that just because these features exist that it’s only used by criminals,” he explained.

Lee also shares his view about adoption and increase in daily active users. He said, “Year-to-date only three tokens have had an increase in daily active users, what we call daily active addresses, which is Stellar Lumens, EOS and Dogecoin. And they’re the three best-performing tokens this year.”

He added, “Another one that I think bares – even in the face of skepticism – maybe deserves some credit, is something like XRP, because there is a very active community there. I haven’t spent enough time, so I can’t really say, but it shows that sometimes we just have to follow the data.”

source bcfocus.com

by Pinaz

Read More, Posted by: crytocure