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




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Ranked as the 7th-best coin on the global coin ranking list Stellar (XKM) on the first sight hasn’t got much to offer given the fact that it has been trading under its record value for quite some time now. However, there is more to Stellar than it might appear at the first look, as XLM makes up for one of the top 15 gainers of the year, given the fact that it has managed to reach a set of gains of 2600%, while it is followed by IOTA and Monero, which takes the third place with 1100% of gains during this period. Is Stellar worth HODLing?

Stellar Lumens Makes up for a Top Gaining Coin of the Year

With the latest analysis, it easily became evident that Stellar XLM makes up one of the top 15 gainers of the year, alongside the fact that Stellar takes the first place on the initial list due to its magnificent set of gains in a total of 2600% within the given timeframe.
Following XLM, IOTA (MIOTA) takes the second spot with 1500%, while the most famous privacy coin, Monero (XRM) now takes the third place on the list of the top gainers of the year with 1100% of gains.

That being said, Stellar does seem as an evident rock solid candidate for HODLing, although its current price might not speak in favor of XLM in the market.

However, Stellar is ranked as the 7th best coin on the list, which is certainly not in vain given the fact that XLM has a market capitalization of over 4.5 billion dollars at the moment of this writing while being traded at the price of 0.24$ per one unit.

The title of the top gainer of the year with 2600% of gains collected over time, definitely adds a moment of approval for Stellar when it comes to turning XLM into your long-term hold.

In addition to gaining 2600% against the dollar, it has been stated that XLM also went up by around 500% against Bitcoin while going up by nearly 1000% against the second-best crypto, Ethereum, within the course of the last year.

During this time, XLM has been holding onto the 8th spot on the global coin ranking list, however, we can now see it establishing its hegemony on the top list with having been ranked as the 7th-best coin, which in a way shows the stability of XLM that pays off over time.

Stellar, New Projects and the Massive Clean Up

Although ranked as the seventh-best crypto on the global coin ranking list, Stellar still comes off as moderately unappreciated in the cryptoverse. However, this soon may change given the fact that Stellar turned out to be the top gainer of the year.

As yet another contribution that could change the status of Stellar in the market, comes the decisiveness of the Stellar Lumens team to embrace a more rapid pace of development of XLM.

That is how the team has been removing outdated projects from the Stellar Lumens network, as well as cleaning up Stellar directories and adding new and freshly updated projects to the mentioned Stellar Lumens directory.

Stellar Lumens is also planning on hosting a Blockchain for Finance conference, which should take place in Singapore on June 16th, which is scheduled only a couple of days from the time of this writing.

With new projects such as Cross Hedge, TillBilly, REM Royalty and more projects that also include a social network for business based on blockchain technology as well as a digital-based payment network hosted by Stellar Lumens, XLM could potentially sky-rocket in the following months.

In case the planned projects manage to catch the attention of new investors, XLM HODLers might even get to see XLM revisiting its all-time high of around 0.75$ per one unit, potentially going beyond the initial record price over the course of the next year, which could most definitely become the case if Stellar gets another set of 2600% and up during the next 365 days.

Many of the projects that are currently in the stage of preparation and development for the future launching to the public should be released in the following months.

What no coin is immune to is mirrored in the ever so often tough currents in the market that are currently massively lowering the price of over 80% of the currencies in the market, which would make the majority of circulating digital assets.

Stellar (XLM) is dropping with the latest trend as well, so after losing over -8.55% against the dollar, which made XLM trade at the price of o.24$ while still being ranked as the 7th-best crypto.

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US Regulator Gives Epic, Historic Speech at the UN on How Cryptocurrency Will Change the World


The US Commodity Futures Trading Commission is making headlines for its effort to determine whether market manipulation is playing a roll in the volatile cryptocurrency market.

But one of the CFTC’s commissioners is creating a firestorm of his own for an entirely different reason: his remarkable take on the global impact of cryptocurrency.

Here are incredible highlights from Commissioner Rostin Behnam’s recent speech at the United Nations Plaza in New York.


Cryptocurrencies Break Borders and Will Not Be Stopped


“We have learned that virtual assets respect no borders. Regulation is often behind the curve, unable to keep up with daily developments. At least the developments we know about. As a result, some countries have outlawed virtual currencies. Others have new, strict laws to control them. Many countries simply don’t know what to do. Their policy is bewilderment. Or avoidance. And, some countries think virtual currencies are only a problem for developed countries like Switzerland, or Germany, or Singapore, or the United States.


But virtual currencies may – will – become part of the economic practices of any country, anywhere. Let me repeat that: these currencies are not going away and they will proliferate to every economy and every part of the planet. Some places, small economies, may become dependent on virtual assets for survival. And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.


We are witnessing a technological revolution. Perhaps we are witnessing a modern miracle.”


Crypto Can Battle Corruption and Create Fairness in Society


“My agency deals with corruption in our markets on a daily basis – as soon as a new product becomes available to the retail public, fraudsters come up with new ways to take advantage of those just seeking to invest their hard-earned dollars.


Now, with the advent of virtual assets, technology may provide a solution. And, the single greatest weapon against corruption may be the cell phone. There are 6.8 billion cell phones in the world, almost one for every person on the planet. Technology could simply bypass corruption. Here is our chance to put money directly into the hands of those who need it, without bribery, rake-offs, graft, and shakedowns. Virtual currencies could transform the economic and social landscape. It could mean a massive, and equitable, shift of wealth. Technology could be transformational, without a military take-over, civil war, or political or religious creed.”


Virtual Currencies Could End Poverty


“I know some have argued that virtual assets could be a way to spread the wealth and end poverty.  hey have argued blockchain could be the means for ending poverty…that such a possibility should drive the virtual debate.


The so-called “unbanked” could now be on the virtual grid. And, those without computers, some four billion people, could gain an important connection through cell phones. And, the discussion has extended to micro-lending, micro-transactions, greater transparency, and greater financial inclusion. I used a word a moment ago that should echo throughout this hall: transformative. The old limits and parameters may crumble, with the dawn of new technology.”


The Global Elite Will Try to Stop Cryptocurrency


“However, economic elites know all this. They will not be idle. This is what I mean by a powerful danger.  If the kleptocracy controls technology and the means of distribution, then they simply accumulate more wealth at the expense of their citizens, draining wealth in cryptocurrencies rather than dollars or euros. Virtual assets may be a stranglehold. In other words, technology can be a weapon against the work of the United Nations and others trying to alleviate poverty or violence. Virtual assets become a means of deeper control of wealth and a means of exploitation.


Of course, social media gives us an example of a virtual battlefield. Censorship accompanies social media in many countries. Or simply consider the size of Google or Facebook, larger than many countries, and wealthier. And more influential, with massive data collection. Then increase all that exponentially. That is the sort of situation that must give us pause. But, events are happening so fast that there isn’t time for reflection or wonder. We are simply trying to understand that which at the time of Dag Hammarskjöld was impossible to imagine.”


In Conclusion


“Blockchain is more than technology: it is an advance that reaches out into every aspect of life. We could use Blockchain to address the most basic, the most primal problems on our planet: corruption, income distribution, poverty, food, and health care. And, the fear billions of people experience everyday as they try to survive.


As a young child, I would come to this building in search of solutions to the problems of the world. Now, today, we may have found one of those solutions – bigger, bolder, more comprehensive, and more effective than anything imagined before. And, as a regulator, I am pleased to be part of your discussion.

We have discussed the most basic problems through the prism of a rising technology. I join with you in our search – our struggle – to find solutions that find the human face of this technology.”

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There is a silver lining amidst the current crypto market decline that has been caused by a hack on the popular South Korean exchange known as CoinRail. Initial reports indicate that the crypto-markets have responded with a decline in volume of $14 Billion within a few hours.

However, as earlier mentioned, there is a silver lining in the form of news from Thailand that indicate that the SEC (Securities and Exchange Commission) has given clear guidelines with respect to the country’s regulatory framework for cryptocurrencies and ICOs (Initial Coin Offerings).

The SEC of Thailand, announced the above on Friday after approving the measures in a June 7th meeting. Part of the new measures include allowing seven cryptocurrencies to be used for ICOs as well as for trading pairs in the country.

These 7 cryptocurrencies are the fan favorites of:

  1. Bitcoin (BTC)

  2. Ethereum (ETH)

  3. Bitcoin Cash (BCH)

  4. Ethereum Classic (ETC)

  5. Litecoin (LTC)

  6. Ripple (XRP)

  7. Stellar (XLM)
The reasons for choosing these seven cryptocurrencies by the SEC were two: consensus credibility and the liquidity of the digital assets.

The Thai SEC also expects about 10 firms to apply for crypto licenses including crypto exchanges and crypto brokers and dealers. The crypto exchanges have up until the 14th of August to apply for the licenses. This date is in line with a 90 day notice given with the announcement of the approved cryptocurrencies and regulations by the Thailand SEC. The applications will be limited to companies registered in the country with an upfront fee of 5 Million Baht (Approximately $157k).

There will also be an annual fee for such crypto entities that will be calculated as 0.002% of the total trading volume for crypto exchanges and 0.001% of the total trading volume for brokerage firms. Each with a minimum fee of 500,000 Baht and 250,000 Baht respectively; and a maximum fee of 20 Million and 5 Million Baht will also be used to cap payments by both categories respectively.

With respect to ICOs, the SEC stated that each ICO should clearly state the type of tokens being issued as well as complete investment information. There will also be no limit  given to the amount of ICOs that can be offered to institutional and ultra-high-net-worth investors. 

However, there will be an investment cap of 300,000 Baht per individual per ICO and no more than 70% of the total value of offered tokens.

In conclusion, such clear crypto regulatory guidelines by the Thai SEC sets further precedence for any other country exploring the regulation of cryptocurrencies and ICOs.

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Stellar Lumens [XLM] is the world’s 7th largest cryptocurrency according to the market cap which is around $4.6 billion. After intense market corrections, the records revealed that Stellar Lumens has the highest 1-year market price gain among top-15 cryptocurrencies at over 2600%, followed by IOTA with 1500%, and Monero 1100%.

Stellar Lumens [XLM] is currently trading at $0.25 being a victim of the ongoing serious market crisis with a 7.86% loss since yesterday. Stellar Lumens mentioned about XLM having gained at least 500% against Bitcoin [BTC] or over 1000% vs Ethereum [ETH] over the entire years course. XLM has gained a higher rank in the market after months of stable position at the 8th position.

This evidently shows positive progress and ensure that the currency is still running in the race.

Close to Stellar Lumens is Cardano [ADA] with a minor difference in the market cap and has been displaying extreme productivity especially since their KEVM Test Net launch. The difference is a very small figure of 8 million lying just below XLM and the fight for the top spot is really not easy in today’s’ market scenario.

According to the statistics that reveal XLM’s price increase in comparison to other top currencies, XLM has gained 26 times more than the top 15 digital assets. Specifically, 15 times more than IOTA [MIOTA] which is the world’s 9th largest currency as of May 11th. Followed by Monero [XMR] further down the line which is the 14th largest in the world in comparison to which XLM has gained over 11 times than XMR.

IOTA has lost around 8.67% since yesterday while Monero has gone down by 6.10% in the same time frame. The overall market cap has gone down tremendously by almost $50 billion which is now at $298.9 billion. Stellar Lumens might not be a frequent headline maker but definitely has achieved a lot of milestones achieved and it’s a long journey ahead for them, the supporters have repeatedly expressed.

Pancho Villa:

Quote:“hey, look who’s learning how to pump. it’s about time.”

CryptoBob:

Quote:“The weekly #XLM chart is looking fantastic. Higher lows, support may have been found, should run this month. $XLM.”

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Choosing the best investment projects for your portfolio can be a daunting task especially since most Blockchain projects are built with unclear objectives and roadmaps. Granted, there are some Blockchain projects that are changing world industries by introducing Blockchain’s capacity for interoperability, immutability, and transparency. However, how do you settle on the most promising projects to make sure you make a return on investment? Well, Cardano and Stellar Lumens are some of the most promising but mostly overlooked cryptocurrency projects. Plus they are fundamentally different with potential for growth in the coming years. Here is a comparison of what each of the projects offers.

Ease of Adoption by the masses

The rate at which a coin is being adopted by the masses affects (to a large extent) the price appreciation and growth of that coin. Although Cardano’s IOHK has made strides towards enabling fast adoption by securing essential partnerships with governments and leading institutions in various industries, Stellar Lumens takes home the title of easily adaptable cryptocurrency. The reason for this is simple. Stellar Lumens is used for cross-border payments and currently, their partnership with IBM is fast-tracking XLM’s adoption. 

Furthermore, XLM has also partnered with Register and SatoshiPay, giving the Lumens an edge over ADA in terms of adoption.

Development of the project

In terms of platform development, Cardano takes the first position since it boasts of a peer to peer review approach that is based on scientific philosophy. This has helped the Cardano Blockchain become one of the most progressive projects in the crypto space. 

Meanwhile, Stellar has remained focused on enabling the acceptance of its cryptocurrency worldwide. On the flip side, even though Stellar Lumens platform development does not have a wide scope of potential application like the one at Cardano, Stellar’s laser focus approach enables faster platform development than Cardano’s.

Performance in the market

There is no easy way to compare Stellar Lumens and Cardano in terms of price performance since they rank at position 8 and 7 respectively on CoinMarketCap. While Stellar Lumens is built to make cross-border payments fast, reliable and affordable, Cardano is an open source Blockchain platform with smart contracts similar to what Ethereum offers. Both cryptocurrencies are priced almost at the same price mark with Stellar Lumens featuring slightly higher price according to CoinMarketCap as of this writing.

The versatility of the Blockchain

Cardano boasts of being the more versatile of the two Blockchain projects simply because it offers smart contracts that allow anyone to build their own Blockchain applications on top of the Cardano Blockchain network. Plus, Cardano comes with its own wallet and features a unique proof of stake algorithm called Ouroboros. On the other hand, although Stellar Lumens is also an open source platform that allows anyone to build their own applications, it does not provide as much versatility as Cardano

Conclusion

Both Stellar Lumens and Cardano (even with a unique set of features) have the same objective of improving Blockchain’s capabilities. Each of them has a lot of competition to deal with as well. For instance, Cardano’s main competition includes Ethereum, NEO, and EOS while Stellar Lumen’s main competitor is Ripple. Basically, both projects are promising, but it’s always recommended to do your own due diligence before diving in to invest.

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Binance best cryptocurrency exchange, security major concerns for traders: Survey

The survey highlighted that security was a major concern for traders while dealing with crypto-exchanges


The largest cryptocurrency exchange in the world, owing largely to its support for a vast number of altcoins, Binance has emerged as the most preferred exchange for cryptocurrency traders, according to a surveyconducted by Encrybit.

Among the 1108 traders who participated in the survey, 27% picked Binance for its good volume and airdrop policy. 19% of the respondents prefer Huobi for its superior arbitrage opportunity. Okex, Bitfinex and Bittrex are respectively the third, fourth and the fifth most preferred exchange for traders.
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"There are a considerable number of good exchanges available in the market but Binance wins the race primarily because of its good volume and liquidity. In addition, bounty and promotion programmes for marketing are quite enough. In terms of security, it ranks high compared to its other counterparts. The availability of exchange is strong in the market," Jiten Rajput, Co-founder of Encrybit said.

The survey highlighted that security was a major concern for traders while dealing with crypto-exchanges. 40% of the participants said that security was the biggest problem they see in the exchange.

In the last few years, a number of exchanges, including Coincheck which was a victim of $500 million heist earlier this year, have become favoured targets of hackers. Lack of adequate security measures and a large number of coins stored in the wallets at the exchange make them a lucrative target.

Now bankrupt, Japan-based Mt. Gox suffered a $450 million theft in 2014which effectively broke its spine. The exchange which was processing over 70% of bitcoin trades by 2014, thanks to the security breach, had to shut down its operations. Similarly, in 2016, Hong Kong-based Bitfinex was the victim of $65 million heist.

These events, along with other minor attempts at stealing coins from exchanges, have made investors and traders wary of losing their assets.

High trading fees and lack of liquidity are also major concerns for traders today. 37% said high trading fees are the chief hurdle while trading whereas 36% mentioned lack of liquidity as a concern. Similarly, 33% of the respondents attributed unethical response time from exchange support team on issues like account suspension, withdraw and deposit information, missing funds while trading as a dampener.

Among other issues which traders face while dealing with exchanges today are a non-functional stop-loss feature, lack of USDT pairing for altcoins, lack of support for fiat currencies.

The traders also expect integration with modern features like Face ID and NFC and referral bonuses from modern-day exchanges.
"The survey insights reflect that the existing exchanges don't enjoy a green thumbs-up as they lag behind with one or more fundamental features. The traders expect an exchange to be easy and simple, having high security, better liquidity, good volume, a good pair of coins and outstanding customer support," Rajput added.

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Lazard CEO Kenneth M. Jacobs recently had a few words to say about the state of foreign policy in the United States. He stated that the view of the U.S. toward foreign policy and international trade is a threat to the strength of the U.S. dollar as the world’s preferred reserve currency, and observes that crypto will only further weaken the dollar’s position.

Speaking to Bloomberg, Jacobs said, “To the extent that we have unilateral foreign policy and unilateral trade policy, we’re sort of tempting the world to find an alternative. Probably the greatest demonstration of soft power is the fact that the U.S. has the reserve currency of the world.”

While it may not occur in the near-term, he feels that it’s something that needs to be monitored. He added, “[There’s] enough technology out in the world today with cryptocurrency and changes going on that you can imagine, if you let your mind wander a little bit, that something becomes an alternative in the future.”

The U.S. dollar, for the past 70-plus years, has been the go-to reserve currency for countries around the world. This facilitates international transactions and trade and was implemented as a result of the Bretton Woods accord of 1944. The accord allows national banks to issue their own fiat in the form of “IOUs,” and then to repurchase them using the reserve currency.

In recent times, the euro and the Japanese yen have gained significant strength and are competing with the U.S. dollar for the status of the world’s reserve currency. They also share the trait with China, which saw the yuan listed as a global reserve currency by the International Monetary Fund (IMF) three years ago.

John Hardy, head of foreign exchange strategy for Saxo Bank, said in 2017 that there are three major geopolitical issues that are putting strain on the U.S. dollar as the global reserve currency. He pointed to the rise of China in international trade and finances, the relationship between the U.S. and China as a result of the North Korean conflict and a weakened trade pact between the U.S. and Europe that could see the European Union become a world superpower.

When cryptocurrency does become mainstream, which can happen in as little as five years from now, it will be the catalyst for an important shift in the global monetary system. It could also redefine international power. To that end, it would be extremely beneficial for governments and industries to invest more resources into cryptocurrencies and emerging blockchain technologies.

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The stablecoin is backed by 40% of profits from ongoing production at a multi-million-dollar cryptocurrency mining operation in North America and China, which are now indelibly linked to the Ormeus Reserve Vault, (ORV).
And as the exclusive link to the Ormeus vault reveals, USD$7.34 Million is already secured across 25 designated multi-signature wallets.
In order to provide ultimate transparency, the company is allowing Ormeus users to view mining deposits and operational data in real-time available at the site.
With the new vault system, users can review an overall Ormeus mining performance table, or evaluate the individual results of how specific coins such as Bitcoin, Bitcoin Cash, Dash, Litecoin are being rewarded.
“This is exactly what the cryptocurrency industry needs – a money system and store of value anchored to intrinsically valuable assets, the profits of which are transparent for all to see,” a company spokesperson said.
Ormeus Coin is built as an ERC-20 Compliant token on the Ethereum Blockchain, and the smart contracts are programmed to self-execute when conditions written in their source code are met. Once programmed, the terms of the contract cannot be changed thus making the contract immutable.
Ormeus recently announced a ground-breaking ‘loyalty airdrop’ which offers participants a chance to secure Ormeus Cash tokens when they stake Ormeus Coin in the official company wallet.
The following web address has been released by Ormeus as the official registration point for the airdrop: https://wallet.ormeuscoin.com/#/register.

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At this point, it’s pretty clear that Blockchain technology has a potential to change the world as we know it. Already, there exist Blockchain applications that are testing out different innovations built on this revolutionary technology. In fact, a new report from Deloitte (an audit and consulting firm) indicates that Blockchain technology is set to be a critical ingredient in building consumer packaged goods. Basically, the report illustrates that there are over 50 use cases where Blockchain’s potential in the consumer packaged goods will have the most impact and that we might just be at the precipice of Blockchain becoming the operational standard of financial, consumer and manufacturing industries.
Invest in Blockchain or fail
With that in mind, it seems like the next five years are set to be a tipping point for most industries. The report further mentions that it’s a high time for businesses to start integrating this nascent technology into their systems or risk failing altogether.
Obviously, there is no need to re-invent the wheel. Already there are innovative solutions in the crypto space waiting for businesses to come onboard and build their own Blockchains with tailor-made business strategies depending on a variety of objectives. One such Blockchain platform that contains all the necessary tools and software for businesses to built supply chain platforms, smart contracts for high-quality money integration systems is Stellar Lumens.
Is Stellar the future of Blockchain?
Well, if you are talking in terms of connecting bank payments and building Blockchain enabled systems that move money quickly across borders while also allowing developers to build custom API; then you have to put Stellar in the picture. Stellar is an affordable alternative for businesses that want to integrate Blockchain technology into their systems.
With Stellar Lumens, you can send money across borders at almost no cost and within the shortest time frame. In fact, you can easily bypass costly forex exchange fees as the Stellar platform is built to accommodate different currencies as well. Instead of the usual 3 to 5 business days, you can transact within seconds thanks to stellar decentralized network.
In case you want to integrate Stellar’s Blockchain network into your own and configure the system with a customized decentralized network, it gets even easier as stellar avails all the tools your developers will need for free. Yes, that’s right; Stellar offers tools and software not to mention adequate documentation for integration of Blockchain into your system at no cost.
Stellar eradicating poverty
Basically, Stellar’s mission is to connect people to affordable financial services as a move to fight poverty and increase the potential of individuals across the globe. The platform is run by a non-stock nonprofit organization that covers its operational costs with 5 percent of the Stellar Lumens XLM coins and tax-deductible donations from the public.
In the long run, when it’s all said and done, businesses will have to adopt Blockchain technology so as to be able to provide the most efficient service to the consumer. As it seems, Blockchain technology is already at the forefront of creating efficiency in a variety of industries. Businesses that integrate Blockchain technology will not only be able to offer quality service at the lowest cost but will also increase transparency and accountability in their systems.
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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.
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Source

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It is not a secret for anybody that cryptocurrencies are getting more traction among the industry as each day passes, a fact that without any doubt can potentially increase the scope of all of the virtual coins. Even when cryptocurrencies have given us enough reasons to want to keep them as assets, the industry still needs a spoon of validation to fulfill one of our greatest dreams as crypto users, a mass adoption.
In this specific case, a great milestone has just happened as one of the most influential companies in the financial sector has decided to place a bet on cryptocurrencies, and of course, it could not be other than the National Association of Securities Dealers Automated Quotation (NASDAQ), the second largest electronic and automated stock exchange in the United States.
NASDAQ has decided to support one of the most mentioned coins in the industry at the moment, the Stellar Lumens (XLM). We can be sure that great things are coming for both companies with such an incredible alliance, but one thing we may ask is, why NASDAQ has chosen Stellar? Well, let’s find out the main reasons why Stellar (XLM) represents a better option for the famous stock exchange than the other cryptos in the market.
The solidity of Stellar Lumens
NASDAQ is seeking to reconstruct itself and also hit into the digital boom of cryptocurrencies, and that’s of course, something that is more likely to happen if it decides to back a solid token of the industry, in this case, Stellar (XLM).
When it comes to performance in the market, Stellar (XLM) has proven to be stable and robust, although its growth has been slow the coin has been evolving with the time, a fact that’s even more remarkable in times where almost all of the cryptos are in red.
At the moment of writing, Stellar (XLM) is the number 8th in the listings of coinmarketcap, position in which it is traded at a value per coin of $0.29263 and has increased in value by 1.08% against the US dollar in last seven days and a 2.95% against the leader of the market, Bitcoin (BTC).
Stellar partnerships and scalability
If we talk about notable partnerships in the crypto sphere, Stellar (XLM) comes out as a great performer. Over the course of its existence, this coins has been working on building up powerful alliances among the financial industry. In this matter, we can count three of the most remarkable, the one with OKEx, the exchange from Hong Kong, the ones with the Deloitte and ICICI banks, and of course, the one with IBM.
Like this, Stellar is not only opening itself to markets such as the banking; it is also working on building up a large scalable platform, a feature that for sure is of interest for NASDAQ as it is looking to solve issues of scalability.
In addition, the Stellar platform provides incredible features when it comes to cross-border transactions, including the lowest fees in the market and a very remarkable speed of operation.
Conclusion
As with the whole market, Stellar (XLM) is currently suffering certain drops; however, the coin has managed to stay afloat in days where the tendency is entirely bearish. The potential support of NASDAQ may represent a huge benefit for the token, so for sure, Stellar Lumens should be watched in the days to come.
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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.
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Stellar Lumens is one of the most overlooked cryptocurrency projects even though the XLM boasts of a position among the top ten biggest cryptocurrencies in terms of market capitalization. In fact, if data from CoinMarketCap is anything to go by, XLM features a pretty low key trading volume, especially when compared to other big-time players of the industry like Ripple and Ethereum (both with trading volume in the hundreds of millions). Basically, in terms of trading volume, Stellar Lumens ranks at number 16 while being ranked number 8 in regards to the market cap. What does this say about the coin?
Well, most crypto enthusiasts believe that the reason behind the drastic difference and a considerably low trading volume of the coin is a result of low marketing of the coin. Granted, Stellar Lumens, unlike most cryptocurrency projects, has not been featured in the headlines quite as much. Given that current market trends are mostly speculative and that the news drives behavior among cryptocurrency traders and investors, it is no surprise that some people could think of marketing as a factor contributing to the low trading volume of XLM. But is this really it?
Stellar Developments
Recently, Stellar has been anything but reserved in terms of news and marketing. Even though not to the extent of most hyped up cryptocurrency projects, Stellar has had an active month with new developments set to unfold in the near future. Just last week, the Stellar Team announced the launch of the 7th annual Stellar Build Challenge (SBC) that has seen the Stellar community get excited about working in tandem with the Stellar team to produce advancements on the platform. So far submissions are ongoing with some developers promising to develop a boosted secure mobile wallet for stellar on the next challenge.
In addition, Stellar is partnering with LALA World to create a global payment ecosystem that will enable immigrants; students and any other unbaked individual across the globe send money to their loved ones at more affordable rates. LALA World is a B2B company set to transform millions of lives by 2020. The current agreement to work with Stellar Lumens will not only be one of the biggest partnerships for Stellar but also see the creation of a fully-fledged product by the 3rd quarter of the year. The new initiative will develop an XLM market that also enables microlending for small and medium enterprises.
Staying committed to decentralization
After it’s all said and done, Stellar seems to be one of the few projects committed to decentralization. Even though its trading volume is currently one of the lowest among the top coins in the market, the Stellar Team is poised on improving and developing the platform. Whether it’s through partnerships like the one with LALA World, or through community-driven initiatives like the SBC or even with Stellar’s commitment to innovate with the Stellar Decentralized Exchange, the XLM is here to stay. As long as the foundation continues to pursue development through decentralization and transformation of people’s lives, there is a good chance for a sudden spike in XLM.
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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.
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Stellar Lumens [XLM] might not be very loud in the market with its list of accomplishments which has put up thoughts within speculators that it is silent without being a competition to the other currencies who are racing against each other in every aspect.


For a very long time now, Stellar lumens [XLM] has been and still is a part of some major, revolutionary projects and collaborations and the highlight is, IBM and Stellar’s tie-up. As a proof, being the 8th largest cryptocurrency for a really long time has now gone up to be the 7th best in the world.

The directory well sure looks empty now so the developers have a reason to rejoice and work with Stellar. They have also started monitoring long-term uptime for core nodes in their dashboard.

Additionally, they have a list of events lined up, majorly conferences and summits, and some ongoing featured community projects.
Fresh Token Projects on the Stellar Network include REM loyalty, Swych, TillyBilly, FLipNpik, Cross Hedge, SVPER, SID’s, LocalXpose, Pedity all of which serve different purposes and are developed in a unique manner. The details of all these projects can be found on their official website to look forward to a better performance and a wider spread of the Stellar Network all across the globe.

Stellar Lumens [XLM] is trading at $0.28 with positive signs since the last hour. With a trading volume of $47.9 million in 24 hours, XLM is actively trading on the top exchanges like Binance, OKEx, CoinEgg, and many more. With over 89 trading pairs in various exchanges, XLM surely deserves to be in the top 10. With such positive moves and accomplishments, the community has only good to talk about this currency,


Radovan Bis, a crypto enthusiast commented:

Quote:“Great news, new project [Image: 1f642.svg] im looking forward to spend xlms. FlipNpik and TillBilly are top.”


Mark, a market follower commented:

Quote:“go stellar go! marketing surpass xrp!”


Paul McNeal, a crypto follower said:

Quote:“What product are you really excited about in the Crypto space? Mine right now, beside Bitcoin, of course, is @StellarLumens. I believe @JedMcCaleb is doing an amazing job with this project and the partnership with @IBM and funding from @stripe are key to its success. $XLM.”


Source

Read More Read More, Posted by: dannysalim
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The International Monetary Fund is offering another fascinating take on the future of cryptocurrency.

Back in April, Managing Director of the IMF Christine Lagarde said crypto has the potential to trigger a “large-scale shift away” from government-issued fiat.

Now, the IMF has released a remarkable new article depicting cryptocurrency as the centerpiece of human evolution. The piece, written by Director of the IMF’s Strategy, Policy, and Review Department Martin Mühleisen, is called “The Future of Currency in a Digital World.”

The featured image depicts an early version of man with a bag of paper cash, an upright hairy beast with a credit card, and a strong modern man with a smartphone in his arm and a Bitcoin floating in the palm of his hand.

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Mühleisen says the emerging digital economy has the “power to continually transform itself, progressively branching out and boosting productivity across all sectors and industries. Such transformations are rare. Only three previous technologies earned this distinction: the steam engine, the electricity generator, and the printing press.”

Although it may take a while to take root, the piece notes that the digital revolution is well underway.

“In the United Kingdom, Internet transactions already account for almost one-fifth of retail sales, excluding gasoline, up from just one-twentieth in 2008. And e-commerce sites are applying their data skills to finance. The Chinese e-commerce giant Alibaba already owns a bank and is using knowledge about its customers to provide small-scale loans to Chinese consumers. Amazon.com, the American e-commerce site, is moving in the same direction.”

However, the article is not completely rosy on cryptocurrencies. It labels Bitcoin and cryptocurrencies as anonymous, which is not entirely the case, and cites their impact on money laundering and crime, which studies show is not as dramatic as many say.

Despite any perceived or actual danger posed by cryptocurrencies, Mühleisen notes that “the underlying technology behind these currencies (blockchain) will likely revolutionize finance by making transactions faster and more secure, while better information on potential clients can improve the pricing of loans through better assessment of the likelihood of repayment.

Read More Read More, Posted by: crytocure
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The Securities and Exchange Commission [SEC] declared supervisory details to market participants who are involved in digital asset trade on Friday. Stellar Lumens [XLM] is one among the seven currencies to be legalized in Thailand – Bangkok as permitted by the SEC which will be in effect later from this month. The SEC uses consensus credibility and cryptocurrency liquidity as some of the main criteria to asses the trading pairs in cryptocurrency.

The market regulator is expecting around 10 intermediaries to apply for the operating licenses out of which half of them will probably be cryptocurrency exchanges, as expected by them. The others were identified as dealers and brokerage firms. The permission and details let out by the regulatory commission will be the virtual currency decree’s organic law that is designed to regulate trades and transactions of these currencies.

According to the news from Bangkokpost, seven cryptocurrencies, used as ICO’s, will be allowed as trading pairs to be traded and the list includes Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Ethereum Classic [ETC], Litecoin [LTC], Ripple [XRP], and Stellar Lumens [XLM].

This came into effect on May 14th after many rounds of public hearings. They also demand all market participants, digital exchanges, brokers, including ICO issuers, and dealers involving in digital asset transactions to register with the SEC within 90 days from the effective date. The deadline to apply for licenses is August 14 for the digital exchange operators. Additionally, they must also receive Finance Ministry’s approval to hold cryptocurrency business.

If anybody is caught selling unauthorized virtual tokens and setting up unauthorized seminars to solicit cryptocurrency investment will be penalized with a fee of no more than twice the value of the digital transaction or at least 500,00 Baht. Even worse, they could face a jail term of almost 2 years. Digital token issuers must clearly state the type of tokens during issue along with the information about investment to ensure an approval from the SEC.

Tipsuda Thavaramara, SEC deputy secretary-general stated:

Quote:“The SEC’s regulatory scope includes ICOs, cryptocurrency exchanges, brokerage firms, dealers and other parties permitted by the Finance Ministry.”

Read More Read More, Posted by: crytocure
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The first issue of a crypto comic book series called Shonen Crypto has been released. Readers can learn about various aspects of cryptocurrencies as they follow the characters in this manga which aims to be both educational and entertaining. News.Bitcoin.com talked with the comic book’s Editor-in-Chief to learn more.


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Manga Dedicated to Crypto

Shonen Crypto will be published “every three weeks or one month,” creator “Editor-in-Chief Taro” told news.Bitcoin.com. According to him, this is the first comic book series focusing only on cryptocurrencies. “I never heard there are any [other] comic books about crypto,” he claims.

Currently, the series is only available online but Taro hopes that it will get published as physical books in the future. “I would like people to read it at cafes or many crypto events,” he shared. The first issue has partially been translated from Japanese into English at the time of this writing, and there are plans to produce music and music videos about crypto based on this comic as well.

Initially, there were 10 people working on this manga; they created the first issue. Now, there are 20 members performing different roles. “Someone can draw pictures, someone can gather information about shitcoins, someone can create songs, and someone can make videos,” Taro elaborated and explained the reasons for starting the series:

Quote:
Quote:
I want everyone to know crypto and its potential. Recently, I feel that the number of active users of crypto is decreasing, and I often hear doubts about crypto.

Citing that “there are still lots of scams” relating to cryptocurrencies, he understands why some people are skeptical but reiterated that “It is not a good situation for crypto.” Therefore, through manga, he hopes to properly introduce crypto and its technology to the masses. Although “there are already lots of articles about crypto,” he noted that they contain “only lots [of] words” and, in Japan, the “masses usually don’t read such articles.”

Six Parts

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Bitcoin Senpai.

The first issue has six parts. The first part is called “Crypto Heroes,” which is a story about Bitcoin Senpai who leads other crypto characters in fighting with fiat characters. “The fiat characters of Crypto Heroes are USD, JPY, and EUR,” Taro revealed, adding that there will be a greater variety of characters in the near future.

The second part introduces “what happens in the Bitcoin world (industry)” with a character named “Crypto-kun.” In the first issue, this character teaches about the Mcafee Pump, Mt Gox, the “Bitconnect Scam,” and Zaif’s glitch that allowed users to buy BTC at 0 yen.

The third part is “the introduction of masternodes, which includes the lifecycle of masternodes” and investment advice.

The fourth part is “a gag (comedy) manga” which features a common schoolgirl, Karen, who “learns about Bitcoin with Hakase,” a Japanese word referring to a professor. “He teaches Karen what crypto is and how to trade crypto, but he always makes mistakes and decreases his funds,” the Editor-in-Chief detailed.

The fifth part is a story about two girls studying BTCFX. The sixth part is about Dapps and how to use them on smartphones, Taro conveyed.

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