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

I tried several sites, Bitfinex, Polonex etc. I  stopped at Binance, yesterday I joined the IQFinex beta test - a new platform, in my opinion, successful, but I'm interested in distributing IQF tokens, analog BNB. What your opinions?

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There are an important number of cryptocurrency news aggregators in the market. All of them have different features and interfaces. In this article we will be making small summaries of the most important ones.


CryptoPanic is one of the most important cryptocurrency news aggregators in the market right now. It has several functionalities, but the most important is the fact that it provides the latest news from many different sources. With its easy-to-understand interface, CryptoPanic has been attracting several individuals, investors and crypto enthusiasts.

Users are able to give their sentiment on whether an article is bearish, bullish or neutral for the market. Premium users have other exclusive features. Users can also receive notifications on their messaging applications.


Another important cryptocurrency news aggregator is Ccowl. It has a very nice interface that features the price of the cryptocurrencies in the market. At the same time, it offers the latest news from different cryptocurrency sites.

The main intention of this site is to help enthusiasts and traders have the latest news, price trends and information in just one place. The interface is very clean and easy to understand. Ccowl has its own index known as OWL50 that measures the combined market cap of the top 50 cryptos excluding Bitcoin. It could be an interesting way to follow the general feeling of the market.


This is another cryptocurrency news aggregator that provides information about the most important cryptocurrencies in the market. The main page features a graphic with the price of Bitcoin in the last 24 hours. Of course, it can also be changed to other virtual currencies and different time range.

CoinLoop also offers sell and buying signals on its website. But some of the signals are only available to premium users. Moreover, it has a news section that features the latest news from the most important sites in internet, and can also be changed to information from Reddit or Twitter.


This is another important cryptocurrency news aggregator in the market. It provides very valuable information about cryptocurrencies because it has a wide variety of news sources. The interface is similar to CryptoPanic. In the middle of the website there is a news feed, and on the sites there are different options and features.

It is also important to mark that the site shows the latest cryptocurrency prices in the market of the top 10 most important virtual currencies. At the same time, there is an option that allows individuals to receive alerts about the latest news.


This cryptocurrency news aggregator known as Faws, is a very useful tool for enthusiasts and investors. The main thing it offers is the possibility to be informed about the market and the latest news, as most of the other news sites.

But it also has other features that make of it very special. It has a table with the price of cryptocurrencies that shows the price, the % change in the last hours, the market capitalization and the volume. And if this was not enough, users can build up their own portfolios with their favourite virtual currencies.

Read More Read More, Posted by: crytocure
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Chinese investors have allocated nearly $30 million in cryptocurrencies to a Malaysian startup.

At least 100 investors from mainland China have poured $30 million in cryptocurrency investment in SIM Chain International in the two weeks since the Malaysia-based startup was established.

Chia Kheng Choon, CEO of SIM Chain, said the cryptocurrencies would be used to fund investments in more than 100 industries, including hotel, plantation, hospital, tourism, travel, and education. The company plans to invest both in Malaysia and China.

Speaking to reporters at a dinner co-hosted with Chinese business partners, Chia said:

Quote:"(The legality of) cryptocurrency is subjective. It's not legal internationally, but it's also not illegal.”

At the same time, Chia expressed confidence that his team would be able to reach its target of forging deals with 1,000 strategic partners around the world within the next three months.

Chia also noted that while SIM Chain is similar to the controversial MBI Group International, it is a legitimate and "proper" business operating in Malaysia.

He was referring to the allegation that MBI Group had issued digital currency without the approval of Bank Negara Malaysia. Last month, MBI Group’s founder Tedy Teow was formally charged in court over the issue.

According to Chia, SIM Chain’s proprietary digital currency is similar to Bitcoin and is now used in transactions within China and will hopefully become accepted globally. He is optimistic this goal can be achieved given the growing popularity and acceptance of cryptocurrencies as an alternative to fiat currency.

Quote:"The Chinese are willing to take risks and they have this mindset, so it enables them to make millions of dollars within two to five years," according to Chia.

SIM Chain is a unit of Koperasi Blue Ocean 1 Nation Kuala Lumpur Bhd, whose operation cover numerous industries, among them movie production, crowdfunding, multi-level marketing, tourism, education, real estate, catering, and farming.

Chinese crypto investors fanning out

Chinese investors looking for opportunities in cryptocurrencies are on the hunt for new opportunities.

Only recently, e-gaming company Fujian eGaming Tournament Group signed a strategic partnership deal with little-known cryptocurrency Asura Coin to boost its King of Glory competition.

A spokesman for the Fujian eGaming commented on the deal:

Quote:“The majority of our players and audiences are under the age of 30. They are both very interested in gaming and cryptocurrency, with many preferring to have cryptocurrency instead of RMB. So it was only natural for us to add cryptocurrency as a reward for tournament winners. We think this will help us establish ourselves uniquely in the Chinese market.”

Read More Read More, Posted by: crytocure
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Bayern Munich star James Rodriguez is the first high-profile footballer to launch his own cryptocurrency after penning a well-timed alliance with SelfSell just days before the World Cup.

The Colombian playmaker announced via Twitter a partnership with SelfSell to launch his own cryptocurrency, aptly called JR10. The coin was made available for purchase via the SelfSell app on May 27.

Holders of the “JR10 Token” will enjoy exclusive offers and privileges that include football-related souvenirs, fan club meetings and other perks related to the athlete.

Quote:[Image: owr5UIIP_bigger.jpg]
[/url]James Rodríguez



A brand “new me”, sponsored and brought by SelfSell, will be activated. Will you guess what it is? Jump to download SelfSell App and join me. @self_sell
9:46 PM - May 22, 2018
  • 4,662554 people are talking about this

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Rodriguez – who, for the uninitiated, is capable of the most absurd feats – seems to have a keen eye for business ventures, previously investing in successful energy drink and bottled water enterprises in his home country.

The 22-year-old was one of the standout players of the 2014 FIFA World Cup, helping his team get into the quarterfinals for the first time in their history and finishing as top scorer of the tournament.

The stakes are even higher this time around, given James has further established his superstar status and will be playing with a far more experienced Colombian team. With hype at fever pitch for the biggest sporting event on the planet, the move is a well-calculated one on James’ part.

Former Manchester United forward Michael Owen and boxing legend Manny Pacquiao are among other sporting personalities to have announced their own cryptocurrencies in recent times.

Read More Read More, Posted by: crytocure
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While Stellar Lumens (XLM) is making progress in the terms of further development with the newly presented Mobile Phone Network YOVO, we can see it going up in the market today by 2.68% against the dollar, showing progress in form of a rising price as well.

Alongside with progressing in the market and presenting new developments, Stellar seems to be active in the field of listings as well, as it was announced that XLM is to be added on a new exchange on June 14th, as well as having a revolutionary listing on a fiat-crypto financial service in New York, itBit.

New York Regulators Epilogue: itBit to add Stellar Lumens

In the last couple of days, New York Department of Financial Services has given the green light to several currencies, including Stellar, making it legal for the currencies to be traded and operated within the state of New York.

Alongside with approving Stellar Lumens, the Financial Department of New York has additionally approved several more digital assets, including Bitcoin Cash, Ethereum, and Litecoin, while also approving Stellar Lumens only a day ago on June 14th.

By approving the mentioned currencies, the New York’s Financial Department deemed these digital assets to be approved and added by the interested banking and financial institutions that are dealing with providing requiring services.

One of the first interested banking service providers of such kind was itBit, which is a New York-based exchange, representing a branch of Paxos Trust Company, which is a massive chain of banking service providers that deal with digital asset accounts.

Just as Russia managed to meet the need for cryptos half-way by allowing cryptos to be spent when an where applicable and only in case the used digital assets are trusted and safe, that is how the state of New York and their Financial Department have approved ETH, XLM, LTC, and BCH for being added to financial services in New York, which means that it is determined that operating with the approved coins is safe.

That means that blockchain startups and blockchain and digital asset users will now be able to open an account with Paxos Trust Company’s branch itBit, having their digital assets safely managed from their official accounts.

The regulations brought by the New York’s Financial Department can be marked as revolutionary or at least near-revolutionary as Stellar alongside with its peers from the top list just got the green light from the State of New York, allowing cryptos to come even closer to mass adoption and the mainstream waters of the financial circles in New York State.

The co-founder and CEO of Paxos’ child branch itBit stated that they were able to add Stellar to their list of services because XLM was not marked as a security, which means that since it doesn’t represent an asset similar to bonds or stocks, XLM was approved by Bit License, without having to go through a long and tiring process which would be initiated by SEC if XLM was deemed as a security.
Before the approval on the behalf of the newly added currencies to the service offerings of itBit, this banking institution was only approved of using Bitcoin and offering crypto services related only to the first coin ever to be created, BTC.

Bit License, which is the official approval and a definite pass for Stellar, Ethereum, Bitcoin Cash and Litecoin, was created before this occasion as a way of enabling parties that are interested in crypto accounts and asset management in the state of New York, to make that possible under regulatory basis.

However, Bit License only applied to Bitcoin accounts until June 14th with Stellar being added in this stated with the official approval for the first time.

Stellar Lumens (XLM) Performance

Stellar seems to be doing great today as we can see it going up by 2.86% today while it went over 4% on June 14th when it was also approved by the New York Financial Department and added to itBit.

After the change in the market that took place in the last 24 hours, XLM can now be traded at the price of 0.23$, while still ranked as the 7th-best currency in accordance with its market capitalization of around 4.4 billion dollars.

Getting the green light from the state of New York and passing regulations as a nonsecurity, Stellar might get to see additional gains in the following weeks, on the behalf of being added to itBit.

Read More Read More, Posted by: crytocure
The ground-breaking ‘loyalty airdrop’ offers participants a chance to secure Ormeus Cash tokens when they stake Ormeus Coin in the official company wallet.
The Blockchain-based crypto currency provides the best decentralized solution to price stability and security in the volatile crypto economy by tying its USD$250 Million industrial crypto mining business to the currency.
The new ultra-secure wallet initially has native support for Bitcoin, Ethereum, Ormeus Coin and the new currency, Ormeus Cash.
The ultra-secure decentralized application initially has native support for Bitcoin, Ethereum, Ormeus Coin and the new currency, Ormeus Cash.
The wallet is secured using specific algorithm backed by a complex security platform which makes it almost impossible for anyone to hack it.
More than a dozen people work at Skynet Digital. Basically it’s all about monitoring the stacks of computers. Any problem occurs, it has to be fixed. Cooling is also a huge job. The cold climate helps. The mining is being done for Ormeus Coin.
It is cheap energy from the hydro dam that gives Ormeus the ultimate mining edge with some of the lowest electricity rates in North America and extremely low or free energy distribution costs.
“Ormeus Coin is currently adding jobs to the area as promised with one of our new mining facilities close by,” said Ormeus Coin’s spokesperson.
The stable coin is backed by 40% of profits from ongoing production at a multi-million-dollar crypto currency mining operation in North America and China, which are now indelibly linked to the Ormeus Reserve Vault, (ORV).
very few milliseconds, the Ormeus engine demands a lookup request and finds the most profitable coin to dedicate processing power.
The virtual currency has just been listed on leading crypto exchanges like, ,Exrates, Hitbtc, Cryptopia & Mercatox.

Read More Read More, Posted by: jntr2018
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The question may sound ambiguous with all the talks going around about cryptocurrencies and blockchain. When we came across DICE (Digtal Certificate), a blockchain less cryptocurrency, we got curious.

While the world was witnessing the massive adaption of cryptocurrencies, the industries where the final products cannot be digitized were not able to adapt to the new model. For example a Robot manufacturing organization. Another roadblock was to raise the funds using ICO that had its own overheads of cost and infrastructure. The requirement of a Proof of Work network made the matters worse for an organization who wanted to be adapt to cryptocurrency model.

What is DICE?

DICE brings around a potent solution that is decentralized but is NOT a blockchain.

Unlike the regular cryptocurrency, DICE is a sequence of 1024 bits. The DICE units can be traded just like the cryptocurrency and need to be validated before they can be exchanged for any physical or digital goods. The process of validation is carried out at the time of trading.

DICE mining:

A new DICE is created by the process of mining. A powerful computer is used to generate a new DICE and is known as a miner. Such small clusters of miners come together to work with an Operator (business owners IT) and perform the validation of any DICE units coming its way.  These miners not only validate but also store the DICE on behalf of the operator. Anyone can act as a miner once associated with an operator and he can mine for more operators also.

Anyone can become the operator for the DICE ecosystem. A business or an individual who can be trusted within limits can become an operator.
Operators work completely independent of each other, but the DICE units that are part of their capital can be used globally.

Each DICE is generated over a miner and operator relationship and remains associated with only that operator unless it is traded over the global economy of DICE.

The DICE economy is simple, once a new DICE is mined, it is added to the capital values of the operator who requested the cluster of miners to validate a transaction for them.

What is an ownerless Dice?

If the owner of a DICE unit wants to print it on a paper currency and distribute it, this paper currency becomes ownerless until it is handed over to some operator. The owner of the DICE unit will also release the ownership and the DICE becomes invalid for his database. The ownerless DICE are only distributed when full unencrypted in a 1024-bit data block. They hold no value until they find a new operator. But must say it is not so secure.

DICE does not require a digital Wallet:

DICE could be stored in an ownerless way on an email or USB. They can be transacted only when they reach the right operator.

Initial DICE Offering (IDO)

Eliminating the limitations of ICO, IDO helps business to raise funds rather than going to VC’s or using ICOs that are quite complex and costly. The investor can choose to be an IDO thus he gets some DICE and the business gets the capital it requires.

Final thoughts

DICE economy is basically a self-supporting decentralized infrastructure. A simple fee free mechanism where the operators and miners that become part of the economy are automatically incentivized making sure a trustless environment is maintained. It brings a blockchain less free environment for all businesses.  

Read More Read More, Posted by: crytocure
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As cryptocurrencies keep growing in popularity and adoption, various firms all around the globe are building useful products around blockchain-based virtual currencies.

50cycles, a UK-based specialist electric bicycle maker has announced the launch of its crypto-mining bicycle called Toba.

The company claims the first-of-its-kind bicycle mines roughly 20 GBP (USD 26.5) worth of ‘Loyaltycoin’ for every 1,000 miles covered by the rider.

The Toba bicycle presents riders with a win-win situation as they will be able to exercise their body while earning real money.

Toba bikes can only mine ‘Loyaltycoins,’ and the generated altcoins can be exchanged on crypto trading platforms for other established cryptos such as ethereum, bitcoin, and others.
Additionally, the Loyaltycoin can be redeemed for valuable products on the 50cycles platform.

“At the moment we are working with Loyaltycoin to reward our customers but eventually the Toba bikes will have their own digital coin which will become one of the thousands of currencies of the future, and the Toba will allow riders to become an integral part of its growth,” said the 50cycles founder and CEO, Scott Snaith.

Each bike will have its unique private key as proof of ownership. Owners of the Toba bicycle will be able to view how much tokens have been generated via a mobile app.

The first set of users of the Toba bikes will get it delivered to them in September 2018.

“This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenized and which issues reward for use,” Snaith said.

Established in 2003, the firm which claims to be a specialist in “advanced electric bikes,” has now caught the crypto fever.

With each passing day, the adoption of cryptos keeps increasing, as more and more people are beginning to get interested in the burgeoning ecosystem.

Back in 2017, reports emerged that an owner of the Tesla S electric car had turned his car into a crypto mining rig thanks to its supercharging ability.

Just as crypto enthusiasts and innovators are creating excellent ways to mine digital currencies, bad actors are also formulating illegal means of mining for cryptos.

The incidence of cryptojacking has been on a maddening increase since 2017. Even now that the price of bitcoin and other cryptos is at its lowest ebb, cyberpunks are still hijacking peoples computers to generate altcoins like Monero and others without their consent.

Read More Read More, Posted by: crytocure
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From "whales" to "shills" and "bag holders," if you want to be a successful cryptocurrency investor, here are the terms you should know.

Since the rise of Bitcoin over the past few years, cryptocurrencies have been all the hype. And if you’re interested in hopping on-board the crypto-train, it’s important to know what you’re talking about. Just like the pool of investors and the market itself have grown considerably over the years, so has the culture, along with new slang and memespopping up everyday.

To equip yourself with up-to-date cryptocurrency slang, here’s a quick glossary of important terms you should know. For starters, get used to hearing the word “whale” thrown around. Whales are investors who own five percent or more of any cryptocurrency coin. Other names to be aware of are “shills” and “bag holders.” A shill is basically a scammer in the crypto-world -- a person who promotes altcoins for their own benefit. They encourage others to invest in altcoins in order bump up their own investments. Bag holders are people who hold onto their investments for too long. When it comes investing in the volatile cryptocurrency market, it’s incredibly important to know when to hold on and when to let go.

Speaking of holding onto investments, another common term is the acronym, “HODL,” meaning “hold on for dear life.” This term was coined after someone accidentally wrote HODL instead of “hold” in a 2013 Bitcoin forum. From the hashtag #REKT, used to describe investors who experience a major coin collapse, to the phrase “to the moon!”, meaning a coin is increasing extremely fast, there are a number of tricky terms to learn if you plan on being a successful crypto-investor.

To prepare yourself, check out 99Bitcoin’s infographic below for an illustrated glossary of cryptocurrency slang.

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Read More Read More, Posted by: crytocure
[i]The stock is part of the capital investment and it represents a partial ownership in the company. The total amount of capital required for the project work is divided into a number of equal values and the stock offered to the most of investors to subscribe. Invest the money that is collected in commercial activities such as land, buildings, machinery, vehicles, inventory and computer systems ... etc. When you buy shares, it would be you ownership stake in the company and be entitled to part of the gains that the company and its assets. And shareholders in the company’s so-called ’equity’ and investors who own stocks are known as ’shareholders’’ online stock trading Based on the same principle as there are many companies that open the door for trading various fields Mississauga, Russian Federation[/i]

Read More Read More, Posted by: loyer
Stellar Lumens (XLM) is currently ranked 8th according to market cap evaluation, as per An entrant in the cryptocurrency market in 2014, Stellar Lumens started with the aim of bridging the gap between the financial world and the world of virtual currencies. Along the way, Stellar has achieved a string of partnerships with many giants in tech and finance like IBM, Deloitte, and Stripe.

Stellar Lumens has also partnered with several financial institutions and payment processors in Europe and Asia. Some had argued that Stellar Lumens had started out as a hard fork from the Ripple protocol as both the crypto coins were founded by Jed McCaleb. However, Jed McCaleb had set the issue straight through a Twitter post by highlighting the fact that Stellar is not a hard fork of Ripple.

Stellar looks forward to becoming the digital medium and means by connecting banks, people, and payment systems, and progresses towards this path rapidly. The system will allow the users to send large as well as small sums to anyone, anywhere in a quick and secure method at prominently low costs.

Stellar Lumens (XLM) does not require any mining and is much faster than Bitcoin. The network can conduct hundreds of transactions per second. The Stellar Consensus Protocol (SCP) ensures that the transactions are performed at a rapid speed in a secured way. It is estimated that in the retail exchange corridor, over 50% of the cross-border payments in the South Pacific region are conducted with the help of Stellar Lumens. IBM along with Stellar are trying to incorporate blockchain technology into the banking infrastructure even in the most isolated islands in the world.
Stellar Lumens with world’s cryptocurrency mobile phone network YOVO
The world’s first cryptocurrency mobile phone network, YOVO has chosen the Stellar network. The interested can buy YO token or earn it and then, spend them over 500 mobile network partners. The users will have access to over 130 countries post-launch. This will enable the users to perform tasks such as checking out new apps and dApps by downloading them. The users can also do shopping, receive a call or text through the virtual SIM, and perform several other micro-tasks. The launch will also make it possible for the users to sign up at a new cryptocurrency exchange and earn more and more virtual currencies.

The Twitter post of YOVO had announced the launch on 6th June 2018 says, “We’re very excited to share something we’ve been working on. Our universal top-up service YOVO GO lets you pay your phone bill with crypto almost everywhere – with support for over 500 operators worldwide from day one. Launching soon!” The launch took place today (14th June 2018).

At the announcement of the launch, the YOVO team had praised the Stellar Lumens protocol as “the fastest protocol for building financial products that connect people everywhere”. This will most likely turn out to be an exciting business venture where cryptocurrency, especially the Stellar network will make new advances in industry application. It is highly expected that the YOVO launch will worry the large telecommunication players as this innovative approach is sure to grab the attention of the professionals as well as the public. The company has raised an initial €20 million as funds for this venture.

YOVO GO, expected to be released in this month itself that can be used to monitor and pay for various mobile services through the virtual currencies. The objective is to serve the “digital money customers with mobile service from our Malta HQ and be an active part of the broader blockchain community that’s growing daily on blockchain island.”

Price Details

For the past month, the price of XLM ranged from $0.20 USD to $0.36 USD. The market shows its usual volatility and the CoinRail hack had also made a little impact on the price action of Stellar (XLM). The CoinRail hack had affected almost all the major cryptocurrencies. The YOVO launch and Stellar’s participation in it will most likely result in better market performance. At the time of writing, as per the, the price of Stellar Lumens (XLM) shows $0.232 USD (4.04%) approximately. The market cap of Stellar (*XLM) shows nearly $4,333,858,663 USD while the volume (24h) is over $52,881,000 USD. (As of 14th June 2018)

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels


Read More Read More, Posted by: dannysalim
The world’s first cryptocurrency mobile phone network – YOVO chose Malta as its home which will be built on the blockchain technology. Being called the blockchain pro-nation, YOVO has chosen Malta. The blockchain based phone network will be completely built on the Stellar network and will be relocated to Malta where they plan to take their project ahead.
The phone network will be built based on the Stellar blockchain as they believe it is the fastest protocol to build financial products that connect people everywhere. Just like Kin Foundation and IBM believed in Stellar’s network, YOVO has its faith in Stellar.
The London based YOVO’s mobile service allows users to earn and spend cryptocurrencies with more than 500 mobile network partners across 130 countries at the launch. Later on, it will expand from 150 to more than 200 countries within the next 12 months of launch. It operates with a SIM or on a virtual SIM-based network too, and in this case, Stellar will be their supporting network technology.
YOVO’s alpha release of YOVO GO can be seen around this month, June. The alpha release is a global product that can be used to monitor and pay for mobile services using digital currencies. Their team residing in the headquarters will consist of 30 members initially with an investment of 20 million euros.
They stated their primary aim:
Quote:“We shall serve millions of digital money customers with mobile service from our Malta HQ and be an active part of the broader blockchain community that’s growing daily on blockchain island.”
Adding on they said:
Quote:“We are particularly grateful for the support of the Maltese Government through Junior Minister for Financial Services, Digital Economy and Innovation Silvio Schembri as we launch YOVO.”
YOVO had posted last week about their progress of this project without revealing much:
Quote:“We’re very excited to share something we’ve been working on. Our universal top-up service YOVO GO lets you pay your phone bill with crypto almost everywhere – with support for over 500 operators worldwide from day one. Launching soon!”
Silvio Schembri , Digital Economy parliamentary secretary said:
Quote:“This news comes at perfect timing. Just today, the three bills—Malta Digital Innovation Authority Bill, Innovation Technological Arrangements Services Bill and Virtual Financial Assets Bill—are now at the second reading stage, and we look forward to enacting them into law.”

Read More Read More, Posted by: dannysalim
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The Stellar Development Foundation (SDF) are in the final stages of preparing their own decentralised exchange (SDEX), rumoured to be this July, and have announced plans to make an alteration to the core protocol.

This protocol alteration would change how buy and sell orders are executed on all Stellar based exchanges, such as their own SDEX, or a third-party exchange like Stellarterm. At the moment it’s possible to create multiple ‘shadow’ offers, which add up to more than the total holdings of the wallet. 

These offers can then disappear, leading to potential manipulation of the order books. Whilst users of exchanges such as Binance are used to ‘fake’ buy and sell walls, these exchanges at least require the buyer or seller to hold the correct amount of the underlying asset, with users unable to bid/sell with greater amounts than their wallets contain.

The proposed update would change how the Stellar protocol functions, and also therefore the related decentralised exchanges, bringing it in line with how centralised exchanges operate. Users would only be able to sell or buy with what they hold in their wallet. By introducing a ‘liabilities’ function, both outbound and inbound liabilities would be vetted, keeping track of what an account is selling and buying, preventing this particular style of order book manipulation.

So what are those changes in plain English?

Short version: you can only sell what you have (shout out to captain obvious).

Longer version: we are making this happen by introducing the notion of “liabilities” that are enforced across the board. Outbound liabilities keep track of what an account is selling via offers. Keeping track of those liabilities stops people from:
creating offers that would sell an asset more than once paying people with assets that they are also selling (if they really want to do that, they need to remove the offer from the order book first to free up those liabilities)” –Nicolas (SDF)

Although the above may seem like a relatively small change, it is a clear signal from the SDF on how seriously they are taking the potential liquidity boost that their protocol and revamped exchange will experience in the coming months. With final touches to their ‘professional’ updated trading user interface only weeks away from public eyes, and native currency Lumens (XLM) being approved by financial regulators in New York for trading on the itBit exchange, it seems that this particular protocl and cryptocurrency is readying itself for some serious industry attention.

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ItBit is the first qualified custodian & licensed exchange to receive approval from the New York State Department of Financial Services to offer Stellar Lumens. …

DFS Continues to Advance Responsible Growth in New York’S Fintech Industry with New Virtual Currency Approvals 

11:50 PM - Jun 14, 2018
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Read More Read More, Posted by: crytocure
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New York legislators have given the green light for Stellar Lumens to be traded on the popular cryptocurrency exchange itBit. It’s the first time the Big Apple has granted such approval.

itBit is a platform that was originally designed to allow institutional investors to trade bitcoin. Permission to add Stellar Lumens to the exchange came by way of New York’s Department of Financial Services, which also gave the go ahead for bitcoin cash, Ethereum and Litecoin trading.

Happy, Safe Trading for All

ItBit was also granted a banking law charter from the organization roughly three years ago, which is similar with New York’s BitLicense. In a statement, NYDFS superintendent Maria T. Vullo said, “Through strong and thoughtful regulatory oversight, consumers and the virtual currency market alike will continue to benefit.”

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Chad Cascarilla – co-founder and CEO of itBit’s parent company Paxos – explained that the addition of Stellar Lumens (XLM) to the platform is important because it shows that financial authorities don’t view it as a security.

“That’s why we’ve added it to the exchange. If it was a security, we’d have to go through a very different process,” he commented in a recent interview. Cascarilla is referring to the procedure of registering as a broker-dealer with the U.S. Securities and Exchange Commission (SEC) – a process that can take an extremely long time to complete.

A Solid Record of Growth

Lumens is in the top 10 cryptocurrencies, with a total market cap of just over $4 billion USD. It was started by a company called Stellar, which was founded in 2014 by Jed McCaleb – the man who also started Ripple and the now infamous cryptocurrency exchange Mt. Gox, which lost over $400 billion worth of its investors bitcoins roughly four years ago — though long after McCaleb had left the exchange.

[Image: 105067394-Screen-Shot-2018-03-15-at-8.15...1521116298]
Jed McCaleb

The currency has also attracted the attention of top tech companies like IBM, which now issues Lumens-based remittance payments throughout the South Pacific among other projects.

Big Things Are Coming

Following the news, Lumens’ price rose by nearly five percent. Cascarilla also says that the exchange is moving to add custody services for other currencies in the coming weeks, like Litecoin (LTC) and ether (ETH).

“We’re starting to gain a lot of momentum here,” he explains. “We just keep thinking about how we can add new products that will help our customers. We clearly want to get to the top 10, top 20 assets over time […] The interest and the adoption from institutions and large financial firms that have a lot of credibility is very real. That might not be reflected in cryptocurrency prices today, but from what I see, it will certainly be changing the landscape over the next six to 12 months.”

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[Image: mtb-types-7007165-e1438021545893.jpg]

A bicycle supplier made the 15th anniversary being in the business very special and smartly celebrated. The firm 50 Cycles has announced it will launch an electric crypto-mining bike.

Crypto-Mining Outdoors

Toba bikes – the electric bicycles will be available from September for delivery. Toba mines a so-called LoyalCoin which will be changing hands at $30 in the event that you ride 1.000 miles. according to CyclingIndustryNews.

Founder and CEO of 50 Cycles: Scott Snaith added:

“This is not only the first electric bike of its kind. But it will also be the first product ever to be tokenised and which issues reward for use.”

You can redeem the tokens them at various 50 Cycles stores. Swap them for various other digital currencies – many of which the official website of the company accepts.

“We have always been a company that moves ahead of the times by embracing the latest technology… Just like we saw the potential in electric bikes in Tokyo 15 years ago, in the same fashion we now see the promise and future in blockchain technology, cryptocurrency and product tokenisation.”

There are various discounts for the costumers that uses digital currencies to pay for the product they want to purchase.

Using a mobile app that the firm is developing and having a private key for each Toba bikes, owners can no only check their coins and but also spend them.
In addition, for the crypto-enthusiasts and green-transportation lovers that want

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