Stellar XLM

Market Cap $ 2.074 Bn (#8)
24h Volume $ 236.088 MM
Chg. 24h: -0.05%
Algo. score 3.9/5  (#26)
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Stellar News

Binance's Trust Wallet to Add Support of Stellar Lumens (XLM)

The founder of Binance’s Trust Wallet, Viktor Radchenko, recently confirmed that the next currency to have support added within the wallet will be Stellar Lumens (XLM). This comes on the heels of adding support for XRP and credit card deposits earlier in March. Radchenko also revealed that Trust Wallet plans on adding new coins to the app on a weekly basis. “We want to make sure every person can store every type of asset in the world. We are adding support for Stellar on Thursday along with Aion and three other coins,” Radchenko stated. (JF)

8 hours ago

MatchMove is the Latest Firm to Join IBM's Blockchain World Wire

IBM’s Blockchain World Wire global payments network recently announced that the fast-growing fintech company MatchMove has signed up to join the World Wire platform. Through the partnership, MatchMove will have access to a single unified network for foreign exchange and cross-border payments clearing and settlement built on blockchain technology and the Stellar public protocol. The will allow clients of MatchMove to conduct transactions across additional currency corridors and provide access to new digital assets including stable coins and cryptocurrency using Stellar Lumens (XLM). (JF)

10 hours ago

The Tor Project Now Accepts Donations in 9 Different Cryptos

The digital anonymity-focused nonprofit Tor Project recently announced that it is now accepting donations via cryptocurrencies directly, currently supporting ten of the top cryptos. The project has been accepting Bitcoin donations for several years, but a switch from BitPay to a partnership with Kraken has enabled an expansion of the accepted cryptos. The donation page for the Tor Project now lists Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Monero, Stellar Lumens, Zcash, and Augur’s REP tokens. (JF)

14 hours ago

IBM's Crypto Head Says The Organization is the Blockchain's Leader

Jesse Lund, the head of IBM's blockchain developer recently claimed that IBM is the leader in blockchain technology. According to him, IBM has been adding security and confidence in the blockchain sector for the past three years. He also spoke about IBM's cross-border payments solution, which leverages Stellar Lumens partially in settlements. The organization is also running several blockchain pilots in various industries to see how the blockchain can disrupt the sectors. Nonetheless, IBM's claim that it is a blockchain leader is false as the firm only builds on the products created by a group of open-source developers. (VK)

16 hours ago

Western Union Partners with Stellar Collaborator Thunes for Mobile Wallet Transfers

Western Union (WU), a global payments giant, is partnering with Stellar (XLM) partner Thunes to allow WU clients to transfer funds directly to mobile wallets. Thunes, previously known as TransferTo, primarily focuses on cross border payments in emerging markets and the company had partnered with Stellar to trial a blockchain-powered settlement platform. A press release from Western Union explained that the partnership will focus on enabling the use of WU’s digital network to transfer funds directly to recipients’ mobile wallets. The adoption shows Western Union is making good on its goal of being more receptive to blockchain-based digital currencies and the president of WU Global Money Transfer said that if cryptocurrencies become the preferred method of exchange between individuals and businesses, the company “would be ready to launch support". (RS)

17 hours ago

IBM Crypto Chief Calls Company the “Leader” in Blockchain Technology

IBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology. In a recent interview, Lund stated: What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system. IBM And Stellar Partnership Challenge xRapid Lund talks about IBM’s cross-border payments solution, which in part uses...

18 hours ago

Western Union (WU) Partners With Thunes, a Stellar (XLM) Collaborator to Enable Faster Money Transfer

According to a recent report, global payment transfer giant, Western Union (WU) has entered into a partnership with Stellar (XLM) collaborator, Thunes to enable users of its platform to transfer funds directly to mobile wallets worldwide. Western Union Partners With Thunes Thunes which is formerly known has TransferTo is a cross-border payments network focused on […]

20 hours ago

Western Union Partners With Stellar Collaborator Thunes for Mobile Wallet Transfers

Financial services provider Western Union is partnering with Stellar collaborator Thunes to enable WU clients to transfer funds directly to mobile wallets globally

a day ago

Stellar Price Analysis - Fees rising substantially

Fundamental network metrics for XLM show fees rising substantially with no significant rise in transactions per day, which may point to a scaling issue in the near future.

a day ago

Bitcoin and Ether Market Update: March 22, 2019

The top ten cryptocurrencies are in the red for the 24-hour period with Stellar (XLM) being the worst performer with a four percent decrease. The total market cap dropped to $139.2 since March 20 after losing $1.3 billion. At the time of writing bitcoin (BTC) is trading at $4,042, while ether (ETH) dropped to $137Read MoreRead More. The post by Georgi Hristov appeared first on BTCManager,...

a day ago

Top Cryptocurrencies on the Verge of Breaking out Following an Exciting Weekly Performance

Months of waiting seem to be getting to an end as the cryptocurrency market gradually shows positive sign of bouncing back. The last seven days has been an interesting one. Almost all the top cryptocurrencies are showing a positive growth rate with Bitcoin getting back to the $4000. Bitcoin was trading at $3,905 on 13 March 2019 but recorded a 3.5% price increase to trade at $4,070 in seven days. Ethereum, the second highest ranked coin in Market Cap made an impressive price surge from $133 on 13 March 2019 to $139 today (20 March 2019.). It recorded a percentage rise of 4.1%. XRP trading at $0.316 on 13 March 2019 made a little price surge to trade at $0.319 today. It recorded a 1.17% rise in the price curve. Litecoin unsurprisingly repeated its good run to trade at $60. Litecoin was somewhere around the $30 mark at the beginning of the year, but for some time now has made good progress to double its price. Litecoin moved by 7% to record $60 from its $56 price point on 13 March 2019. EOS coin surged by 2.7% to trade at $3.7 from its $3.6 price mark in the last seven days. Bitcoin Cash is the coin of the week in the last seven days. BCH surged in price by 23%. On 13 March 2019, it was trading at $129. In just seven days, it took a high jump to record $158. Stellar Lumens pulled an impressive performance to make a difference in its price by recording a 6% price increase. On 13 March 2019, it was trading at $0.103 but currently trading at $0.111. The 6% price growth made a little impact on its market price due to the size of its available supply. Tron surged in price by 1.77%. Cardano also made another impressive run having recorded a percentage increase of 13% in the last seven days. It was trading at $0.04 on 13 March 2019 but currently trading at $0.05. Monero which is ranked in the first 20 of Coinmarketcap rankings rose in price by 7% in the last seven days. Another cryptocurrency that deserves recognition is Ontology. Ontology surged in price by 23% in the last seven days. It is interesting to note that after the market stabilized for a while, there has not been any massive fall. The cryptocurrencies have been climbing the price curve slowly, and this is a good sign for the market and for those who have some coins in their wallet waiting for the bull run. The post Top Cryptocurrencies on the Verge of Breaking out Following an Exciting Weekly Performance appeared first on ZyCrypto.

2 days ago


The Malta AI & Blockchain Summit (AIBC) has announced a stellar show for 2019. The highly anticipated show is expected to follow the monumental success of the November summit in 2018, which brought W. Scott Stornetta, John McAfee, the Winklevoss Twins, and Sophia the Robot to Malta’s shores and took the scene by storm even in times of a burdensome bear market. The AIBC is not announcing an STO battle to take place at their upcoming summit in May. The inaugural edition of the STO Battle throws 15 of the most promising crypto and blockchain projects into the ring to fight it out for an invaluable opportunity to pitch live on stage to a panel of savvy investors. The pitch is followed by a Q&A session from the official jury members, investors and the audience. Judging results will be based on the credibility of the company’s White Paper and invest-ability, with an emphasis placed on the business model and scalability. Successful applicants can take advantage of a number of treats, such as VIP invitations to premium networking events in Malta and 5 complimentary tickets to the conference. Winners will benefit from solid PR exposure across the Malta AI and Blockchain Summit’s media platforms, including video, email newsletters, website, and magazines. AIBC will also purchase €25,000 worth of tokens from the winning company. Applications are closed at the end of April and with just 8 spaces still available. Companies looking to put their names in the running should move quickly to secure their spot. The STO Battle is sponsored by the leading legal advisory company, CLLB Rechtsanwälte ParmbB, a Germany-based company specialized in STOs. For more information about how you can get involved, please contact Denis Dzyubenko at Facebook: @MaltaBlockchainSummit Twitter: @BlockchainMT Instagram: @maltablockchainsummit LinkedIn: @Malta AI & Blockchain Summit Telegram: The post STO BATTLE - WHERE STOs AND INVESTORS MEET appeared first on ZyCrypto.

2 days ago

IBM Announcement Pushes BTC And XLM

The markets have seen a small amount of positivity over the past few weeks, though when we say small, note that we do mean small. As it stands, the markets are still way down from the figures we witnessed this time last year, with no chance of a surge that will pull Bitcoin back to $20,000.00 expected anytime soon either. Earlier this week, IBM made a huge announcement with regards to their Blockchain World Wire Global Payment Network, an announcement that seems to have had a positive impact on Bitcoin and Stellar, though the rest of the markets have remained stagnant. It’s worth noting that Blockchain World Wire works on the Stellar network, so it’s no surprise that this news has benefitted XLM, which at the time of writing has a value of $0.113. I should mention that this is not investment advice, even though this news has helped push XLM and Bitcoin ever so slightly, it’s not going to cause the markets to sky rocket, therefore this should not be taken as investment advice. If you do decide to invest in Stellar, Bitcoin or any other cryptocurrency, do so off your own back, informed by your own research. Only invest what you can afford to lose. According to Forbes, Marie Wieck, the General Manager at IBM Blockchain has said: "We've created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most. By creating a network where financial institutions support multiple digital assets, we expect to spur innovation and improve financial inclusion worldwide." The major announcement from IBM came at the start of this week, when IBM announced that the Blockchain World Wire Network had seen an expansion across more than 50 countries, meaning a whole load of new countries had adopted this technology, therefore meaning that a load more people and institutions would start to use Stellars technology in order to settle payments. Great news for Stellar, bad news for Ripple - arguably Stellars closest rivals. “This partnership was a significant step forward for cryptocurrencies. This is because instead of Stellar trying to compete with chartered financial institutions, they were able to include them in a productive way that is beneficial to all parties involved.” Once the underdog in the shadow of Ripple, Stellar is now at the fore of international payments via the blockchain. The war between the two is hotting up, which can only result in the development of bigger and better blockchain technologies. What an exciting time to be an investor!

2 days ago

Jack Dorsey Unveils Square Crypto, How Will It Help Bitcoin?

As made easily apparent by a mass of recent developments, like Vitalik Buterin’s latest topical update on Ethereum, Samsung’s consumer-facing crypto solution, and the swelling Bitcoin Lightning Network, now is the perfect time for industry stakeholders to bear down, test, and post stellar results. Some firms may have missed the memo, but by and large, an argument can be made that the cryptocurrency ecosystem is stronger than ever, as big names continue to propel human and physical capital at this asset class. Jack Dorsey’s fintech company cemented this theme’s potency on Wednesday, as the firm unveiled Square Crypto, a branch dedicated to the growth of decentralized networks through the use of development, design, and marketing. Related Reading: Blockchain Capital Partner: Now is a Very Good Time to Buy Bitcoin (BTC) Despite Bear Market Meet Square Crypto For the umpteenth time in a matter of weeks, Jack Dorsey, Twitter’s chief executive, has wowed the Bitcoin community with a straight out of left field announcement. On March 20th, the Missouri native revealed that the $32 billion Square intends to hire up to five talents for “open source contributions to the Bitcoin and crypto ecosystem.” Three to four of the job offers are for engineers, especially those who have experience building out blockchain systems, and the remaining slot will be left for a designer. All positions will be full-time, presumably either remote or in Square’s San Francisco campus. Surprisingly, Dorsey seems to want to reallocate much of his time to this subsidiary, as it was remarked on Twitter that he intends for those he hires to report directly to him, in spite of his responsibilities managing Square’s 2,000 staffers and Twitter’s 4,000-strong workers. If this isn’t good enough of an offer already, Square will be forking on Bitcoin to those they hire. Sounds fun, right? #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why? — jack (@jack) March 20, 2019 In subsequent tweets, which garnered monumental levels of traction on what Dorsey calls “Bitcoin Twitter,” the industry CEO explained why he decided to go ahead with this venture, which will likely cost Square upwards of $500,000 per year. Dorsey noted that when he asked Mike Brock about how cryptocurrency can be improved, the business partner responded with: “pay people to make the broader crypto ecosystem better.”This rallying cry was purportedly only mentioned last week — talk about a rapid turnaround time! Bakkt, please take notes. The Square co-founder explains that he sees this as a way to bolster “individual economic empowerment,” along with a move towards the creation of a “more accessible global financial system.” And with that, he signed off, giving cryptocurrency’s developers a call to arms to the tune of accolades from the likes of Bill Barhydt, Crypto Rand, Matt Odell, Max Keiser, and countless others. While five individuals would barely add to Bitcoin’s active developer base, the fact that a multi-billion dollar fintech company is looking seriously at this space sure sets a positive precedent for the network’s technical future. What Exactly Does Jack See in Bitcoin? But what does Dorsey see in Bitcoin? And more importantly, what is he trying to accomplish with this high-ticket move, one of the first of its kind? Well, simply put, he has explained that the Internet needs a native currency. In an interview with podcaster Joe Rogan mere months ago, the Silicon Valley bigwig explained that digital ecosystems need a medium of exchange, as such an offering will bolster a multitude of operation types worldwide, especially financial transactions and data processes. And as it stands, Dorsey sees an exemplar of an Internet currency in Bitcoin. He stated: “The internet has always wanted its own currency but it hasn’t had the technology (right principles, uniform, passionate early adopters) until 10 years ago... I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet. ” An Ongoing Epic Dorsey isn’t doing this to garner clout. In a podcast with the cryptocurrency space’s Stephen Livera, the raging Bitcoin bull revealed that he intends to add support for the Lightning Network into Square. Pundits have lauded this potential move one that could have more impact than a crypto-backed ETF and Bakkt combined. He has also been putting money where his mouth is. On Twitter, Dorsey once revealed that he is #stackingsats, joining a bunch of other Bitcoin enthusiasts in recurring weekly purchases of the cryptocurrency. On a podcast, Dorsey revealed that he had bought $10,000 of B

2 days ago

Crypto Market Rally Inevitable: ONT Surges, Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is about to break the $136.0B resistance level for the next bullish wave. Bitcoin cash price is back above the $160 level and it may continue to rise towards $165. EOS price is slowly moving higher towards the key $3.80 resistance area. Stellar (XLM) price is currently consolidating above $0.1110 and it could move towards $0.1200. Tron (TRX) could recover and test the $0.0230 resistance level. The crypto market seems to be positioned for an upside break, with solid gains in ONT and XTZ. Bitcoin (BTC), Ethereum (ETH), stellar (XLM), BCH, EOS, ripple and tron (TRX) are eyeing more gains. Bitcoin Cash Price Analysis Recently, bitcoin cash price corrected lower from the $165 resistance against the US Dollar. The BCH/USD pair tested the $158 level where buyers appeared. The price moved higher once again and broke the $160 resistance level. The current price action is positive and it seems like there could be more gains towards the $162 or $165 level. If bitcoin accelerates higher above $4,100, it could help BCH in clearing the $165 and $170 resistances. Stellar (XLM), EOS and Tron (TRX) Price Analysis EOS price corrected lower recently, but the $3.65 level acted as a decent support. The price climbed higher once again and traded above $3.70 and $3.75. The next key resistance is at $3.80, above which there is a risk of more gains towards the $4.00 level. Stellar price performed really well this week as it gained traction above the $0.1100 level. XLM price is currently consolidating gains and it seems to be setting up for more upsides above the $0.1150 and $0.1160 in the coming sessions. Tron price is back above the $0.0220 support, but upsides might be limited. TRX price may correct higher towards $0.0230, where sellers are likely to emerge. On the downside, a break below the $0.0220 support could open the doors for a break towards $0.0200. Ontology (ONT) price rallied recently by more than 16% and broke the $1.20 and $1.30 resistance levels. The next stop for ONT buyers seem to be near $1.50. Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady rise from the $130.0B support level. The market cap followed a nice uptrend and it recently moved above the $132.0B and $134.0B resistance levels. However, the $136.0B level is currently acting as a strong resistance. The current technical formation is solid and suggests that the market cap could climb above the $136.0B and $137.0B resistance levels in the near term. Therefore, there are high chances of a decent bullish wave in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, ONT, XTZ, and other altcoins in the near term. The post Crypto Market Rally Inevitable: ONT Surges, Bitcoin Cash, XLM, EOS, TRX Analysis appeared first on NewsBTC.

2 days ago

Stellar (XLM) Leaves Binance Coin (BNB) Behind on CMC, Raising Its Market Cap Within Hours

🔥🔥💹Within a few hours XLM managed to jump over the head of BNB and push it away from position #7 on Coinmarketcap🚀

2 days ago

Massive Transaction of 1 Bln XLM Spotted After IBM Announced World Wire Launch

Recently, IBM announced the launch of its Stellar-based payment system World Wire; later on reports came on Twitter regarding massive XLM transactions

2 days ago

6 Banks Partner with IBM to Use Stellar Technology and XLM as “Bridge Currency”

Stellar, the blockchain that intends to become a decentralized alternative for interconnecting banks and institutions, has had an outstanding performance during the last few weeks, not only from technical indicators but also at the level...

2 days ago

It’s 2019 and IBM Is Still Trying to Find a Use Case for Blockchain

IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon. The announcement joins the resurgence of blockchain razzmatazz this year that feels eerily similar to the last time distributed ledger technology (DLT) was the cat’s meow back in 2016. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations IBM’s Race to Remain Relevant: From the ‘Largest Commercial Uses of Blockchain’ to Private Banks Issuing Stablecoins With JP Morgan’s newly announced coin and Digital Asset replacing Blythe Masters with new CEO Yuval Rooz, it seems blockchain hype is steaming up once again like a warm pile of cow manure. One prime example is IBM recently making headlines when it announced that six banks signed letters of intent to produce stablecoins using the IBM protocol called World Wire. The barrage of IBM’s meaningless blockchain announcements over the years shows the fervor with which the multinational tech firm has tried to remain relevant. A few people might recall the distributed ledger mania three years ago when IBM told the world it planned to launch “the largest commercial uses of blockchain” by September 2016, back when everyone was gaga for enterprise blockchains that have produced nothing but media puffery. IBM Blockchain is just an overpriced, rubbish database used to get a rubber stamp from enterprises that want to be able to tell their investors they’re “blockchain enabled”. Thank you for coming to my Ted talk. — Riccardo Spagni (@fluffypony) March 20, 2019 However, according to IBM’s vice president of blockchain technologies, Jerry Cuomo, and a slew of online publications, the system promised in 2016 was allegedly supposed to free some of the “$100 million in capital tied up at any given time in transaction disputes in the IBM Global Financing unit.” IBM even released a blockchain platform available for cloud developers that looks like a cheesy Javascript copy of the NXT blockchain with a quirky VS Code extension. IBM also started the Open Blockchain Initiative and worked with the Hyperledger project that year. But like the storm of Hyperledger announcements, R3 signing 60 banks, and projects like Citigroup’s ‘Citicoin,’ IBM’s largest commercial uses of blockchain seem to be all fluff. While public blockchains like BCH, BTC, and ETH have settled trillions of notional value in a permissionless manner we should probably ask: What have all these corporate blockchains done in the last few years? The lackluster IBM Blockchain 2.0 beta platform. Media publications are often eager to report on these so-called blockchains but rarely test them or even look at the protocol. Technobabble Blockchains With Zero Innovation Now IBM is using the Stellar protocol and claims that the “IBM Blockchain World Wire makes it possible for financial institutions to clear and settle cross-border payments in seconds.” Reading IBM’s World Wire homepage is like having a horrible flashback to 2015, however, where it’s blockchain mania all over again. The usual reasons stated for utilizing IBM’s blockchain include lowering clearing costs, cheap cross-border payments, and the ledger reduces a lot of time. IBM’s website insinuates that unlike those crazy libertarian bitcoiners, the corporation is willing to work with the current financial incumbents. “Bitcoin mania has led some to believe that banks are no longer needed for secure global money transfer — Banks, however, disagree,” explains IBM’s World Wire website. Of course, the general population and even the media publishing IBM’s blockchain fluff pieces about their quest to secure the globe’s money transfer system only get a gist of what the company wants the public to see. As with most enterprise blockchain projects, it’s all closed door deals and the media gets a technobabble press release about some banks using the platform. Whether it be IBM, Hyperledger, R3, or JPM coin, there’s nothing exciting about these enterprise blockchain solutions. Yet we read about these vacuous initiatives every day in some of the most prominent crypto and financial news outlets. Many of the projects are downright absurd, like when everyone got excited about Bumble Bee tuna products being verified on the blockchain. Private blockchain swaps and financial banks trading stablecoins add nothing new to the table: take away the fancy wrapped DLT packaging and all you’re left with is a generic database. Cryptocurrency advocate Andreas Antonopoulos composed a tweet in 2016 that encapsulated the blockchain hype at the time. ‘Major banks complete first international transaction using a blockchain’ — You mean, the same thing bitcoin has done several million times?” Antonopoulos mocked. The bitcoin evangelist continued: Correction: Banks paid consultants thousands to do once what bitcoin does f

3 days ago

Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar

This week’s main headline was taken by Stellar Lumens [XLM], the eighth largest cryptocurrency by market cap, with news of its listing on and its collaboration with IBM, a multinational information tech company. Stellar and IBM announced the launch of World Wire, which is going to focus on cross-border, real-time transaction settlement. The solution will be introduced in over 50 countries and will be supported by the Stellar protocol. Jed McCaleb, the co-founder of, spoke about IBM World Wire in an interview session at the Money 20/20 conference. He also spoke about the impact it would have on the US markets in particular and his opinion on stablecoins. On IBM World Wire, he stated that this product allows banks and financial institutions to issue digital assets on a common platform “that can be interchanged between each other”. He further stated that it allows users to send currency A, which can later be converted to currency B, enabling a “much more seamless” way than the traditional means around the globe. McCaleb also spoke about the impact World Wire would have on the US market. He said: “So, I mean, for a common person in the U.S, its not that impactful but for anyone that does a lot of international transfers, like maybe have a relative overseas, then it will matter a lot” This was followed by McCaleb speaking about stablecoins, taking into consideration Facebook’s recent announcement of launching one. On this, McCaleb stated that he preferred the terms “fiat token” over “stable coin” as there were a lot of currencies involved, and “maybe they were not so stable”. He added, “ the future will be this world where people are using digital representations of value whether its fiat currencies or gold , it should all be kind of tokenized. [this] gives you all kind of the power benefits that cryptocurrencies has and everything is interoperable. So, its just a much better state-of-affairs than what we have today.” Furthermore, McCaleb also spoke about the big challenge they faced and what he was “most concerned” about in the financial services for 2019. He stated that creating this [World Wire] network was their big challenge, adding that IBM was a great partner in this regard. He said, “What they [IBM] are doing is bringing a whole collision of people together in one swoop rather than trying to do it just one-off because none of these attempts really work if you just have one or two players, you really need a lot of participants to start to see the benefits of an open-network like Stellar.” The post Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar appeared first on AMBCrypto.

3 days ago

IBM World Wire Loosen Banks, Bullish for Ripple (XRP)

Ripple prices flat Stellar—IBM partnership and roll-out of World Wire bullish Transaction volumes must spike above 60 million for bulls or bears to be in charge IBM involvement is a game changer. Although they are launching from Stellar, their confidence in blockchain could see banks experiment with crypto. In that case, some may decide to leverage RippleNet thereby boosting XRP prices—especially if they opt to use xRapid. Ripple Price Analysis Fundamentals Optimistic as we may, we also recognize that banks are conservative. Before experimenting with new technology, it is unusual for them to demand demonstrations with cogent explanations as to why they should shift. However, it is the entry of IBM and Big Blue’s decision to launch a similar service in World Wire, which somehow competes with Ripple. From public data, both promise to cheap and instantaneous fund transfer in a secure medium via digital assets—XRP in Ripple and stable coins of even fiat in World-Wire. Ripple utilizes their proof of correctness ledger while IBM has a rather fruitful partnership with Stellar Network. The same person, Jed McCaleb founded these ledgers. Nevertheless, a game changer in this situation is IBM track record in banking. By actively offering solutions for financial institutions as they aim to improve customer experience by “building agile core banking systems, offering innovative payment services and optimizing enterprise risk management,” banks will be willing to experiment with the idea of unregulated, decentralized money. That means, with the field open, some may decide to join a more mature ledger actively working with regulators from all over the world in RippleNet, therefore, increasing Ripple’s customer base. Candlestick Arrangement All the same, Ripple (XRP) prices are under immense sell pressure. At the time of writing, the third most valuable coin was up 1.6 percent from last week’s close with a market cap of $13 billion meaning the gap between ETH—XRP is widening. Despite this “insurmountable” sell pressure, we are optimistic of price surges. Backing our stance is strong supports at 30 cents. In the last three months, sellers have been unsuccessful and yet to drive prices below 30 cents as prices consolidate within a tight 4 cents trade range. Unless otherwise there are breaks below this support level, it is highly likely that the result of this accumulation is a strong breakout above 40 cents mirroring gains of late Sep 2018. Technical Indicators By yesterday’s close, participation was low at 6 million averaging 14 million. Since we are bullish, we expect prices to spike. Complementing this is increment would be high volumes exceeding 60 million. The post IBM World Wire Loosen Banks, Bullish for Ripple (XRP) appeared first on NewsBTC.

3 days ago

Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia

A Redditor reports that the world’s biggest crypto exchange may just plan to expand trading opportunities by offering margin trades in the future A while ago, a Redditor going by the name ‘enriquejr99’ who insists he is good at programming, published a post claiming he has spotted margin trading features on Binance API. Is Binance expanding its trading opportunities? The Redditor demonstrates a little of the code he found on the API documentation of Binance and analyzed it. However, he claims this code has not been enabled so far. Enriquejr99 says that for all Binance crypto pairs (over 480 of them) spot trading is enabled and margin trades are disabled. Still, he adds that the code he has found may be the sign that Binance is working on letting its customers conduct margin trades in the future. Despite other exchanges are doing their best to surpass Binance, the latter remains the most popular trading platform. Its community keeps increasing and Binance Coin, which is used on Binance Launchpad for token sales and by numerous partners too, is currently sitting on spot #7 on CoinMarketCap, being ahead of Tron (#10), Tether (#9) and XLM (#8). At press time, BNB is trading at $15.25. The Redditor believes that by offering margin trades Binance will attract even more customers and will significantly raise its profits. Its rival exchanges, such as OKEx and Bitfinex, are already benefiting from the market of margin trading which operates quite high volumes. The Binance CEO Changpeng Zhao seems ready to get a share of these profits for his exchange too. Setting fiat-to-crypto operations in Australia On Wednesday, Binance also announced that it has launched Binance Lite Australia platform. It allows ordinary people to buy Bitcoin in nearly 1,400 newsagents stores with Australian dollars. In the future, the exchange intends to add other fiat currencies to this service, apart from AUD, as well as offer a wider choice of crypto coins to buy. By this move, Binance hopes to accelerate mass crypto adoption in Australia. This is not the first time, the crypto exchange is offering locals to embrace crypto. In autumn 2018, it was reported that Binance had struck a partnership with an Australian startup TravelbyBit, investing $2.5 mln. TravelbyBit offers POS in airports around the world and in Australia itself, allowing people to convert BTC and ETH into fiat or pay for services directly with crypto. In the future, the company plans to add BNB to their terminals too. The post Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia appeared first on Ethereum World News.

3 days ago

Crypto is Breaking Out, But Bitcoin (BTC) Still Needs To Surmount $4,400

Crypto Breaks 1Yr+ Downtrend Over recent weeks, the crypto market has embarked on a stellar rally. While some have described the price action as a “bull trap” or something of a similar nature, some evidence is pointing towards the fact that this market may be on the verge of a long-term rally, or at least a long bout of sideways movement underscored by a bullish trendline. The fact that Bitcoin (BTC) recently surpassed $4,000 has only somewhat cemented this theory. Nik Patel, a popular content creator in this space, recently took to Twitter to lay out his thoughts on the market. Citing the recent movement seen in the value of all digital assets, he noted that this sum has finally broken out of a 15-month downtrend resistance line, and is holding well above a short-term uptrend. Total Market Cap: Steadily rising volume since January, and we've now broken out of a 15-month downtrend. Bears in disbelief. — Nik Patel (@cointradernik) March 17, 2019 Patel, much like many other crypto traders, then touched on the volume profile, explaining that the steadily rising increase has him slightly enthused. And with that, he concluded that more likely than not, bears are currently in a stage of disbelief, potentially setting a precedent for a further move to the upside. He adds that this ticker’s daily chart “does look bullish for the market.” But, it isn’t exactly that cut and dried. Firstly, the cryptocurrency market capitalization (CMC) still remains under its 200-day moving average, which has acted as a pseudo-resistance in this bear market and a pseudo-support in 2017’s rally. To surmount this level, CMC would need to surpass ~$145 billion or so, currently 10% above current levels. In a separate tweet, Patel touches on this, explaining that yes, we won’t be seeing all-time highs soon and that this budding market remains rangebound despite the casual trendline break. In case it needed to be mentioned: - no, we won't be seeing ATHs anytime soon- comments on this prove bears are in disbelief- we remain range-bound & breaking trendline resistance doesn't mean we're free of the bear market- comparing now to Nov '18 is stupid for many reasons — Nik Patel (@cointradernik) March 17, 2019 Bitcoin Needs $4,400 In his most recent blog post, he touched on Bitcoin specifically, explaining what levels traders of the flagship cryptocurrency should watch in the near future. He notes that while there was a “bullish continuation” of last week’s positive-leaning momentum, and that BTC is holding above some key short-term supports, traders would be remiss to call for the moon. Patel explains that Bitcoin needs to close above $4,400 on solid volume to confirm that it is not rangebound, setting the stage for a further move to the upside. But, considering that BTC topped out its last rally at around $4,200 or $4,300, there may be some key resistance levels in the region to move past. Filb Filb, a preeminent trader, made a comment of a similar nature just recently. He explained that above $4,400 has a huge void in volume, and Bitcoin could thus move drastically higher from there if that auspicious level is reached. Title Image Courtesy of Via Unsplash The post Crypto is Breaking Out, But Bitcoin (BTC) Still Needs To Surmount $4,400 appeared first on Ethereum World News.

3 days ago

Bitcoin (BTC) Over-Extended, Will It Pull Back To $3,500—800 Zone?

Latest Bitcoin News In one way or another, Bitcoin is now stable. And it wasn’t always calm waters and thanks to its whipsaws, analysts as well as traditional market influencers found new terms describing the world’s most valuable crypto asset. Jamie Dimon called it a scam before his corporation ironically launched the first ever inter-bank settlement private token, the JPM Coin. Read: Bitcoin Won’t Be $3,000 Cheap Again, Crypto To Trend Higher In April However, it is Charlie Munger, the vice chair of Berkshire Hathaway-whose head, Warren Buffet, is against the idea of crypto, that stole the show after calling it rat poison. Weeks later, Warren Buffet said Bitcoin was Rat Poison squared. Whether Bitcoin is a scam, a fraud, a Ponzi or rat poison, enthusiasts and builders are undeterred. For true believers eyeing the overall prize, it’s all about adoption which is encouragingly gathering pace and gaining traction especially after the launch of the experimental Lightning Network whose capacity now exceeds 1,000 BTC processing more than $4 million as a result. It has been a year or so after roll out but the benefits are beginning to permeate. Also Read: Here’s why The Bitcoin Lightning Network Capacity Exceeds $4.2 million More merchants are now accepting cheap, LN payments while those in Twitter can receive instantaneous tips via Bitcoin LN after Jack Dorsey endorsed BTC/USD Price Analysis After a stellar week, Bitcoin prices are up but stable in the last day. Prices are up 1.6 percent from last week’s close but likely to add more in days ahead. From a top down approach, sellers have the upper hand and the situation has been made worse by the failure of buyers to completely reverse Feb 24 draw downs. As it is a bear bar, wide ranging and supported by above average volumes, bulls will be effectively in charge if prices close above Feb 23 highs as laid out in previous BTC/USD price analysis. Trend and Candlestick Arrangement: Bullish in short-term Within a Minor Breakout Pattern In the short-term, Bitcoin prices are held within a $1,300 consolidation with resistance levels at $4,500 or Dec 2018 highs and supports at $3,200. Those are 2018 lows from where prices found support and rode higher. Regardless, it appears as if Bitcoin (BTC) bulls have a temporary advantage over bears and trading within a bullish breakout pattern with supports at $3,800. Going forward, we shall borrow cues from our previous BTC/USD trade plan while expecting gains above $4,500 now that prices appear to be banding along the upper BB albeit with low participation levels. All the same and as emphasized before, every low should be a loading opportunity and the only time this position will be null is when prices dip below $3,800 cancelling projections based on the double bar bull reversal pattern of Mar4-5. Volumes: Bearish Despite our optimism and expectations of price revival, our anchor bar is based on Feb 24. It is bearish and fueling this liquidation are high volumes at 36k versus 19k average. Since the past three weeks prices are trading within this bar’s high low, it means sellers have the upper hand unless of course there is a spike in prices driving prices above $4,500 complete with high transaction levels exceeding 40k. it is only through this route that bulls of Feb 18—37k versus 12k would be in charge as prices edge closer to $4,500. All charts courtesy of Trading View—BitFinex This is not investment advice. Do your own research. The post Bitcoin (BTC) Over-Extended, Will It Pull Back To $3,500—800 Zone? appeared first on Ethereum World News.

3 days ago

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips. Bitcoin Cash Price Analysis Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term. If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level. Stellar (XLM), EOS and Tron (TRX) Price Analysis EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase. Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels. Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels. Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart. If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term. Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis was last modified: March 19th, 2019 by Aayush JindalThe post Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis appeared first on NewsBTC.

3 days ago

Why everyone loves the new Stellar logo

Stellar's streamlined new look is a far cry from the cartoon rocketship of old but still has as much meaning. The post Why everyone loves the new Stellar logo appeared first on Decrypt Media.

3 days ago

IBM anuncia parceria com 6 bancos para uso da tecnologia Blockchain em rede de pagamentos

Hoje a IBM anunciou que a Blockchain World Wire, sua rede global de pagamentos foi ativada em 72 países, com “47 moedas e 44 endpoints bancários”, a gigante de tecnologia afirmou também que assinou contrato de intenção com seis bancos no mundo todo, entre eles o Banco Bradesco, Bank Busan, e a Rizal Commercial Banking Corporation. A intenção desses bancos é emitir suas próprias criptomoedas na rede de pagamentos da IBM. A IBM também planeja implementar uma solução de pagamentos para facilitar as transferências entre bancos. A XLM, o token monetário digital do projeto blockchain Stellar, atuará como uma ponte monetária de um banco para outro. Através de tal aplicação, a liquidez pode fluir livremente dentro e entre bancos. A IBM Blockchain World Wire foi lançada em setembro de 2018, é uma rede de pagamento construída sobre a blockchain da Stellar. Seu objetivo é executar e liquidar pagamentos transnacionais em tempo real. A IBM também está fazendo uma parceria com a startup de criptomoedas Stronghold para emitir criptomoedas estáveis (stablecoins). De acordo com um comunicado emitido pela Stronghold, em vez de “usar intermediários bancários tradicionais para transmitir pagamentos” na IBM Blockchain World Wire, os clientes da IBM podem usar o Stronghold USD para facilitar a liquidação. “Criamos um novo tipo de rede de pagamentos, destinada a acelerar as remessas e pagamentos transnacionais para facilitar a movimentação de dinheiro nos países que mais precisam”, disse Marie Wieck, gerente geral da IBM Blockchain. Os bancos provavelmente só usarão suas próprias moedas estáveis para transações e transferências internas, muito parecido com a JPM Coin. Com a parceria da IBM e seis bancos, o preço da XLM subiu mais 11% na última semana. É provavel que suba mais nos próximos dias. A parceria da IBM fornece as seguintes vantagens para os bancos: Acelera a velocidade de pagamentos: Com a compensação e liquidação simultâneas e a eliminação de várias transações de processamento de intermediários e terceiros. Redução de custos: com requisitos de compensação muito menores e capital reduzido necessário para pagamentos internacionais. Maior transparência: o livro-caixa blockchain da XLM é publico e disponível para pesquisa e auditoria, garantindo a confiança entre os reguladores e a aplicação da lei. Soluções de segurança de última geração. Suporte para transações de qualquer tamanho. A implementação da tecnologia blockchain da IBM provavelmente superará as moedas fiduciárias como um meio de transferência, armazenamento de valor e troca. Apesar das contínuas críticas, a adoção de tecnologias de contabilidade distribuída por grandes empresas de tecnologia como a IBM, Samsung, Microsoft e Facebook mostra que a tecnologia está ganhando certeza regulátoria. Saiba mais em IBM anuncia parceria com 6 bancos para uso da tecnologia Blockchain em rede de pagamentos

3 days ago

Stellar Price Prediction — How Much Will the Cost of XLM Be in 2019-20-25?

In addition to Bitcoin, there are many other coins to choose from. Stellar is just one of the promising altcoins for investing

3 days ago

Forbes: IBM Launches Stellar-Based Payment Network, Gets 6 Global Banks to Create Stablecoins on It

🖥️🚀IBM launches World Wire and persuades banks to use XLM and launch their own stablecoins on the network

3 days ago

Stellar (XLM) Surpasses Binance Coin (BNB), Again

🚀💣Stellar (XLM) and Binance Coin (BNB) continue see-sawing on CoinMarketCap

3 days ago

Stellar Lumens (XLM) to Be Traded on Coinbase Pro

Stellar Lumens (XLM) has just become the latest cryptocurrency to be listed on the Coinbase Pro. Just two weeks after listing Ripple (XRP), Coinbase has announced the listing of the 7th largest cryptocurrency by market capitalization - Stellar Lumens (XLM). In a recent announcement by Coinbase Pro, the exchange is set to accept deposits of XLM, with trading support coming once sufficient liquidity is established. The cryptocurrency is not available to trade on retail platforms of Coinbase, including or it’s Android and iOS apps. XLM is still in deposit-only mode on the crypto exchange, but full functionality will be enabled soon. Supported pairs include XLM/BTC, XLM/USD and XLM/EUR. Stellar was started by Ripple co-founder Jed McCaleb, and lumens has been aimed for being a part of a low-cost payment network. According to Coinbase, “since its inception in 2014, the vision of Stellar has been to unite the financial institutions of the world in order to move money quickly and cheaply between banks, businesses, and people. As the Internet connected the world’s computers so that information could be shared globally, Stellar aims to do the same for money.” In December 2018, Coinbase Pro made an announcement that it was supporting XLM, and it was among the list of 30+ digital assets that exchange had identified. Since then, the platform has added support for Civic, District0x, Loom Network, Decentraland, XRP, Dai, Golem network and Zilliqa. According to CoinDesk price data, the price of XLM/USD has increased over 30 percent in the past four days, of which 5 percent came after the recent announcement. The cryptocurrency is currently trading at US$ 0.11. Stellar is the 12th most-traded cryptocurrency in the past 24 hours and accumulated approximately US$ 140 billion in trading volume. To make deposits at Coinbase, the traders will require a memo to be filled. Memo is required only for Stellar and Ripple in order to ensure deposits get where they’re going. Supported pairs include XLM/BTC, XLM/USD and XLM/EUR. The post Stellar Lumens (XLM) to Be Traded on Coinbase Pro appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

3 days ago

IBM Signs 6 Banks to Issue Stablecoins

Cryptocurrency has gone too far from the initial expectations. Its influence on today’s financial industry is so high that it’s no exaggeration to say that cryptocurrency might replace fiat currency. The impact caused by cryptocurrency is so subtle that a new wave of cross over between cryptocurrencies and fiat currencies took place. In a recent press release, IBM launched a very ambitious project called IBM Blockchain world wire. It is a payment network that uses stellar blockchain. The main aim of the IBM blockchain world wire is to increase foreign exchange and cross border payments. The main advantage of this mode of payment is that it requires no intermediaries. However, to maintain a foreign exchange like IBM blockchain would wire solely on cryptocurrency transactions is a bit difficult. To overcome this inconvenience, IBM took the project to a whole new level by signing six banks to issue stablecoins on the stellar blockchain. The idea of launching a fiat backed stablecoins is unique and also risky. But the response the project received shows its positive acceptance. Of the six banks that signed the project, three are based on South Korean and Philippines RCBC. The rest of the three are based on Indonesian Rupiah and also euros. Along with introducing fiat backed cryptocurrency, World-Wire is a first of its kind payment network in a lot of intriguing features like integrated payment messaging, allowing the users to choose from a variety of crypto assets etc. But the one thing that is interesting the crypto experts and analysts about World wire is its use of steller protocol. When it comes to cross border payments, steller protocol is one of the straight through the model. However, the six banks are still longing for regulatory approval. At present the US dollar back stablecoins are being used on World-Wire. So it is evident that once the regulatory approval is made the project is going to be a success. But the attempt by IBM to issue a fiat based stablecoin is quite revolutionary and it increased the scope for more fiat based cryptocurrencies in the future. The post IBM Signs 6 Banks to Issue Stablecoins appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

3 days ago

Weekly roundup March 11 - March 15

Another week has passed as the crypto space trudges through 2019 into the middle of March. The headlines rolled in while bitcoin’s price remained in a similar range as last week. Check out the details from this week: Bitcoin price still in the trenches of uncertainty Bitcoin’s continued to fluctuate in the upper $3,000 range for most of this week. The asset still appears indecisive in its pursuit of further downward movement, or a change in trend to the upside. Bitcoin’s daily chart, however, showed the 50-day moving average (MA) headed for a possible bullish crossing of the 100-day MA. Read on Crypto Insider Paxos plans to tokenize multiple real-world assets Paxos announced its intention to release new digital assets “backed by precious metals and publicly traded stocks,” as stated in an article from Fortune detailing an interview with Paxos CEO Chad Cascarilla on Fortune’s show - “Balancing the Ledger.” Paxos already experimented on transactions with tokenized equities and bonds with success, Cascarilla said to Fortune, including, “We’re getting pretty close, and I think we’ll see it in 2019.” Cascarilla also mentioned work with blockchain-based commodities. He expects a gold-based blockchain asset to see introduction in 2019. Although, Fortune noted Paxos still waits on a green light from the U.S. Securities and Exchange Commission (SEC). Read on Crypto Insider SEC chairman brings clarity on ETH security classification Last July, William Hinman, SEC director of corporate finance, made comments in a speech on ethereum’s (ETH) status as a security, as reported by Coin Center. “Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions,” said Hinman in the speech. For additional clarity on the matter, Coin Center, along with Representative Ted Budd, sent a letter to SEC chairman Jay Clayton. On March 12, 2019, Coin Center reported Clayton responded with a letter, in which he included many different references to various situations. Essentially, he stated some digital assets may begin as securities, but might morph out of security status depending on alterations to the asset over time. Clayton also said in the letter, “I agree with Director Hinman’s explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework.” Read on Crypto Insider Coinbase Pro lists Stellar Lumens (XLM) Wednesday saw Coinbase announce the listing of Stellar Lumens (XLM) on its Coinbase Pro exchange for supported regions, via a blog post. Coinbase Pro opened for XLM deposits on March 13, 2019, according to the post. XLM will go through Coinbase Pro’s typical four-stage listing process, ending in full trading. Available trading pairs mentioned are XLM/USD, XLM/EUR and XLM/BTC. Read on Crypto Insider Ex-CEO of Mt. Gox found “not guilty” A Japanese jury found former Mt. Gox CEO Mark Karpeles “not guilty” regarding embezzlement and company law violations, according to a report from Crypto Insider. The Tokyo District Court did, however, conclude Karpeles to be guilty of “tampering with records,” Crypto Insider reported. Additionally, Karpeles faces legal action from two Mt. Gox customers, Gregory Greene and Anthony Motto, who reportedly lost their funds on Mt. Gox, Crypto Insider included. Read on Crypto Insider This week Crypto Insider also interviewed Elizabeth Powell, managing director at Steemit, and wrote articles on the new “Crypto” movie, Timechain as Satoshi’s vision and crypto in the developing world, as well as several other topics. The post Weekly roundup March 11 - March 15 appeared first on Crypto Insider.

3 days ago

Market Update: Bitcoin Clearly Headed Up, All Signs Point To A Rally

The day began with a few altcoins turning green, one as such as we reported was Stellar (XLM) which at the time of press has extended its gains by over 5%. The movement from the few coins early on in the day has now seen the rest of the market begin moving up. Now, at the time of press, nearly all top cryptocurrencies are in the green zone and looking poised for a big move in the next couple of hours. The total market cap which had slipped below $140 billion has now returned back above it with the bulls eyeing $145 billion in the hours to come. Across the market, most coins are yet to record a 1% gain with BTC, ETH and XRP recording a 0.91%, 0.71% and 0.79% gain respectively at the time of press. Other coins with the potential to set trends like LTC, TRX, and BCH are also around or just below 1%. In the next couple of hours, led by BTC, all these coins are expected to be recording more significant gains. Bitcoin (BTC) Price Update At the time of press, BTC is exchanging for $4,056. The next couple of hours should see the leader retest the $4,080 position which it failed to break during the weekend. Given the recent price stability and how well the coin has resisted going below $4,000, the coin has signaled a strong bullish intent and hence the next rally should be strong. The coin after getting over $4,080 and rallying above $4,100, the next key target will be above $4,200. Getting above $4,200 will be key and as we have reported will signal the end of the bearish winter that has lasted for over 18 months. Earlier, we reported that one of the most crucial positions that will be key to the long-term success of BTC was $5,000. According to some analysts, this will be a test of whether BTC can hit $10,000 and possibly hit its all-time high of $20,000 by the end of the year. The trend from the last couple of days would suggest that the bears have been pushed out of the market, with much of their attempts being rejected by the bulls. The coming days could see the bulls tighten their grip and establish a higher resistance (likely $4,500) and support position ($4,200). The post Market Update: Bitcoin Clearly Headed Up, All Signs Point To A Rally appeared first on ZyCrypto.

3 days ago

XLM Soars As Stellar Edges Closer To Flipping Ripple In Race To Becoming Global Payment Solution

Stellar is locked in a race to become the world’s best cross-border platform, a title arguably held by Ripple currently. Working tirelessly to take over and become the leader is Stellar and in recent days, the team’s work has been showing. In the last couple of days, the network has announced the restructuring of its management, seeing the hiring of its new CEO, Denelle Dixon, and the assignment of Jed McCaleb as “chief architect”. Its token XLM has also seen some significant development as the coin got added on Coinbase, which the network has since termed as “by far the most reputable exchange in the industry”. The announcement has been boosting XLM, which has soared periodically in the last couple of days. XLM Price Update As IBM Launch Global Payment Network Using XLM Such a time is in the last 24 hours which have seen the coin soar by well over 4%. The rally has come following the announcement that IBM was launching a stable coin using XLM. IBM has announced that it has created a blockchain based global payment network that will allow cross border payments. IBM has reportedly signed six international banks who’ve expressed their interest in issuing the stable coin. Although the payment network has been launched, the banks are yet to begin using it and are awaiting confirmation from regulators. The partnership between XLM and IBM was obviously going to work in advantage of XLM. In this case, the deal between IBM and international financial institutions such as banks and foreign exchanges will bring exposure to XLM, opening bigger markets for it. In addition to being used through the stable coin, XLM could further be used by financial institutions as a bridge currency whenever it is hard to exchange one fiat currency for another. Ripple vs Stellar Stellar is clearly growing and developing fast. Although currently, Ripple has a far larger user base, adoption, more partnership deals, and higher market value, Stellar is coming up fast and could soon be bigger than Ripple. In the coming months, Stellar is expected to continue growing and catch up with Ripple which continues to struggle with issues of decentralization and the nature of its token by the SEC- ‘security or not a security’. Unless Ripple can shake up some of its issues and continue growing as it has in the last couple of years, its recent stalemate could see Stellar seize its opportunities. The post XLM Soars As Stellar Edges Closer To Flipping Ripple In Race To Becoming Global Payment Solution appeared first on ZyCrypto.

3 days ago

Whale Activity: Someone Is Moving Some Crazy Amounts Of Stellar XLM And People Are Getting Curious

The sirens are going off within the crypto community, precisely among XLM holders, after someone started moving huge amounts of XLM coins. According to a tweet sent out by Whale Alert, a total of 1,000,000,311 XLM have been moved from an unknown wallet to still another unknown wallet. Going by the current market rate for XLM, the coins moved are worth a whopping $113,592,917. XLM Transactions Not Fake Contributing on the same thread, Whale Alert also dropped an extra comment confirming the authenticity of the transactions. Given the recent rumors of some crypto players faking volumes, this confirmation goes a long way to attract even more attention to the whale activity reported. It’s true that some exchanges, as well as other influential players in the crypto world, have been accused of manipulating volume data to shore up their platforms. A large moving volume on an exchange or other crypto-related platform has the effect of eliciting more interest and attracting more customers with the illusion of the platform being more popular and preferable over others. However, data tracking platforms like CoinMarketCap use an adjustment function to weed out the staged volumes. Shrouded In Mystery Whale Alert also reported that the large XLM movement was executed in batches of 10 million XLM coins, with multiple such transactions tracked. However, it’s still not clear why the transaction was split that many times. The fact that the destination wallet is also unknown adds to the mystery of this event. However, the addresses used for the transactions can be traced here on the stellarChain. Upon Whale Alert reporting on the event, various online characters have come out to give a piece of their mind in regard to the movement. As is often the case when such whale activity happens, people had varying reactions, with some even going as far as seeing the huge crypto movement as an attempt at dumping. It is yet to be seen how this event shapes up the Stellar Lumens (XLM) in the coming hours or days. At the time of this writing, XLM stands at position 7 on the charts and trading at $0.112 with a total market cap of around $2.16 billion as presented on CoinMarketCap. The post Whale Activity: Someone Is Moving Some Crazy Amounts Of Stellar XLM And People Are Getting Curious appeared first on ZyCrypto.

3 days ago

The New IBM Blockchain World Wire Is Not Really a Threat to Ripple and XRP, Here’s Why

So far, Ripple has been ahead in the provision of remittance services in the cryptocurrency industry with XRP as its token. This is a fact that is indisputable and while some people may not be comfortable with its progress, it really is the lead. Even when things turn out rough at times, the project keeps gliding along and somehow is always able to survive. Many years have come and gone and Ripple still hasn’t been toppled by another cryptocurrency despite the emergence of several projects with a focus similar to its own. At every point when a similar project emerges, there have been speculations that such project would overtake Ripple. For instance, SWIFT which has existed for so long was thought to crumble Ripple’s business when it sets out. However, for some reasons (outdated technology being chief), this has not become a reality because blockchain technology which Ripple and XRP operate on is more advanced, cost-effective and efficient than what SWIFT has. Ironically, SWIFT ended up upgrading to stay in competition with Ripple. Then came Stablecoins which were thought to be XRP killers as well. It is not clear though why someone would imagine that stablecoins will outperform Ripple. Yes, it provides an alternative to traditional cryptocurrencies with very high volatility but that’s about it. Ripple, on the other hand, facilitates payments for financial institutions using XRP for liquidity. Anyways the short story is that stablecoins have not hurt Ripple a bit and may never do so because there is no ground for competition to start with. JPM Coin which came on board lately was also considered to be a potential threat to Ripple. JP Morgan coin admittedly is to be used for payments similar to what Ripple does, with JPM’s existing customer base of millions of users set to adopt it. JPM Coin so far hasn’t really posed a threat to Ripple as far as remittance services are concerned. In fact, it is not likely to as many experts have said it is not such a great cryptocurrency so how can it possibly compete with the third largest cryptocurrency? IBM just launched a blockchain-based cross-border payment solution. This really seems like a potentially formidable competition for Ripple and XRP because this one will be offering real-time payment for financial institutions just the way Ripple does and yes, Stellar’s XLM will be used for the payments, making it a partial threat at this point mainly because Stellar is arguably one of the best in cross-border payments. It is too early to tell if this will outperform Ripple and XRP though but the chances are moderate. Nevertheless, Ripple already has an established customer base that is not likely to be taken away so it probably has its own place secured and IBM may not achieve that pace yet. The post The New IBM Blockchain World Wire Is Not Really a Threat to Ripple and XRP, Here’s Why appeared first on ZyCrypto.

3 days ago

Stellar (XLM) Surges as Its Partner IBM Signs Up 6 Banks To Use It

Stellar’s native cryptocurrency coin Lumens (XLM) recently surged in price by as much as 11% in the wake of... The post Stellar (XLM) Surges as Its Partner IBM Signs Up 6 Banks To Use It appeared first on Invest In Blockchain.

3 days ago

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest crypto by market capitalization, Ethereum (ETH), is trading at $139.88, having gained 0.19 percent on the day at press time. Today, the altcoin dipped to its lowest price point of the week at $139.15, following an intraweek high of $144.43 on March 16. Ethereum 7-day price chart. Source: CoinMarketCap Ripple (XRP) is currently trading at $0.318, seeing slight growth in price during the day by 1.10 percent. The coin began the day at $0.314, while its highest price mark on the day was $0.319. Ripple 7-day price chart. Source: CoinMarketCap Stellar Lumens (XLM) — which was today added by major United States-based cryptocurrency exchange Coinbase — is trading at around $0.1138 at press time. The altcoin has dropped by 1.79 percent on the day. On the health scale recently introduced by CoinMarketCap, XLM is sitting at the 725 points at press time. Stellar Lumens 7-day price chart. Source: CoinMarketCap Binance Coin (BNB), the native token of major crypto exchange Binance, has lost around 0.70 percent over the past 24 hours, and is trading at $15.53 at press time. Earlier today, Binance Launchpad, Binance’s token launch platform, completed a $4 million sale of Celer Network tokens (CELR). The tokens sale was completed in 17 minutes and 35 seconds, with all 597,014,925 CELR tokens sold in a single session. The total market capitalization of all cryptocurrencies is currently around $140 billion, down by around $1 billion from its weekly high of $141.5 billion. 7-day total market capitalization chart. Source: CoinMarketCap Today CNBC reported that palladium climbed over $1,600 for the first time, however at press time the asset is trading at around $1,597. Platinum reportedly rose by almost 3 percent, and is trading at around $852.9 at press time. The Dow Jones Industrial Average reportedly closed lower for the first time in five days, exposed by declines in Apple, while investors are concerned about conflicting reports over the progress of United States-China trade negotiations.

3 days ago

Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well?

ICE (Intercontinental Exchange), the parent company of the NYSE (New York Stock Exchange) has initiated a research unit for 58 cryptocurrency projects and 19 FIAT currencies. ICE, in partnership with Blockstream, has established the ‘Cryptocurrency Data Feed’, which will provide with real-time and historical data of cryptocurrency prices from all over the world. Nevertheless, it has selected only 2.75% of the total number of cryptocurrency projects in the market. This is what this means for Crypto traders — ICE Data Services (@ICEDataServices) March 14, 2019 Cryptocurrency Projects Included in the Data Feed The entire list of cryptocurrencies added to the Data Feed can be obtained here. The Data Feed would provide a real-time thorough analysis of 58 cryptocurrencies on its official website. Moreover, widespread inclusion of only 58 cryptocurrencies from a total of 2106 projects would narrow down the targets of the investors. However, at the same time could hurt the altcoin markets and exchange volumes in the short term. Some of the notable cryptocurrencies from the list are: Stable Coins: The stable coins which will be added to the list are USD coin, TUSD, Tether, and Gemini Dollar. High Market Capitalization ‘tokens’: Despite the cryptocurrency markets being highly volatile a couple of projects have cemented their position and were rightfully included in the data. These included: Ether (ETH), Litecoin (LTC), Cardano (ADA), Monero (XMR), NEM, Ripple (XRP), Stellar (XLM), and NEO Potentially Valuable Projects: Some of the other cryptocurrencies with low market capitalization also features in the list. Currently, they can be analogous to penny stocks in traditional markets. These include Siacoin, Augur (REP), Ardor (ARDR), Basic Attention Token (BAT), Bitshares, Bytom, CyberMiles, (CRO), Digibyte (DGB), Dogecoin, Steem Dollars (SBD), Nebular, Mithril, Metaverse ETP, Zilliqa, and Ox. Huobi Included But No Binance (BNB) Coin: In exchange related token Huobi was included however Binance (BNB) coin was included. Bitcoin Cash (BCH), BSV, Bitcoin Gold and Ethereum Classic (ETC) the infamous hard forks from Bitcoin and Ethereum were also included in the list. Providing a Global Data Base For Cryptocurrencies Due to their decentralization, Cryptocurrency Exchanges have become ubiquitous in the world. However, there is no authorized metrics that would give out authentic real-time data. Hence, ‘price discovery’ becomes a significant challenge due to a multitude of avenues. The ICE data would provide insight on the project along with increasing the efficiencies for its traders. It would also facilitate pricing evaluation through proper surveillance and portfolio managers with statistics that will enable the crypto-assets to be traded between peers or customers directly. While dealing with currencies, volatility and protection against adverse market movements is of prime importance to import/export traders and investors. Hence, the ‘global coverage’ would enable hedge funds to manage their risks better. Expectations from the Bakkt Platform The Bakkt Platform will be one of the first institutionally backed cryptocurrency trading platforms. Hence, the number of cryptocurrencies expected to be included in the initial phases was limited. However, the data feed suggests that the Bakkt Platform might consist of more than just a few cryptocurrencies like Bitcoin, Ethereum and Litecoin. The post Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well? appeared first on Coingape.

3 days ago Adds Stellar Lumens [XLM], Price Surges by 5%

Coinbase has announced that it will add Stellar Lumens (XLM) tokens at and in the Coinbase Android and iOS App. According to the blog post by Coinbase: The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money. XLM is now live at and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store XLM. — Coinbase (@coinbase) March 18, 2019 IBM’s world wire has also announced a partnership with six banks to issue FIAT backed stable coins on the Stellar Networks. The Network will help regulated financial institutions to move value seamlessly across the globe. Coinbase Effect: XLM Price Surge XLM recently got added on the Coinbase Pro. While Coinbase Pro has a limited user base, is the esteemed exchange that is one of the largest and most trusted platforms for FIAT to cryptocurrency exchange in the world. It has a user base of more than 20 million customers in over 42 countries. The blog post also noted that XLM will not be available in the state of New York or the United Kingdom. Stellar Lumens’ price has rocketed by 5%; XLM/BTC which was skirting along 0.00002700 BTC has increased to 0.00002850 in less than 2 hours. XLM/BTC 30-min Chart on Bittrex The Technical Analysis of XLM/BTC reveals that the 50-Day Moving Average has moved above the 200-Day Moving Average, which suggests that a Bullish cross-over. The 100-Day Moving Average is also looking to cross the 200-Day Average line, indicating that the long term bearish outlook might have turned tables. World Wire to Transform Cross-Border Payments Completely The ‘big blue’ and Stellar Organization has worked for almost a year together after the announcement of initiation of ‘world wire.’ The world wire would provide a platform for financial institutions to issue their stable coins and also allow interoperability between them through the Stellar Protocol. Three banks out of the six have been identified that has signed a partnership with World Wire according to Forbes, they are Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea. The other three banks are expected to be announced at the on 19th March at the Money 20/20 Asia Conference in Singapore. Jesse Lund, the head of Blockchain solutions at IBM noted: “So we are starting with markets that are outside of the U.S., but it won’t be long before we add the U.S. as an operating endpoint. It will be sometime this year; we will get to it, third quarter, fourth quarter something like that,” he said. Reportedly, IBM has set up world wire payment locations in 72 countries, with 48 currencies and 46 banking points. According to Jesse Lund, the Blockchain head at IBM, IBM is the “single most trusted validator on the Stellar network” hence, although centralized IBM as validator adds a lot of credibility to the platform. “Look at the Stellar dashboard and see the IBM validators out there,” said Lund. “There’s a lot of others, but everyone trusts us. So in the consensus model, we are kind of a big anchor there.” The post Adds Stellar Lumens [XLM], Price Surges by 5% appeared first on Coingape.

3 days ago

Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’

IBM has finally announced its plans with ‘World Wire’ and their goal towards providing financial services to the unbanked population of the world. It is now officially available in a growing number of markets. It is a payment network that allows plans to allow for faster and more efficient settlement of payments. The duo IBM’s Blockchain head Jesse Lund and Stellar Lumens Co-Founder Jed McCaleb took center stage at the Asia Money 2020 Conference in Singapore on 19th March 2019 and revisited their plans with ‘World-Wire.’ The vision according to them is to create a ‘Global Financial Economy.’ Stronghold USD and Stellar Lumens (XLM) The two digital assets currently used for settlement are Stellar Lumens (XLM) and Stronghold USD. Stronghold USD is a stable coin managed by Stronghold Anchor Limited in New Zealand. The ‘world wire’ aims to bring a consortium of firms, financial institutions, banks and even the unbanked people of the world through smartphones. Jed McCabed noted that: “It’s officially available in growing number of markets and everyone underestimated how long it would take to get adoption due to lack of payments Network effects... The only way it can be achieved by bringing a consortium or a whole group of people together.” Also Read: IBM ‘World Wire’ to Transform Cross-Border Payments Completely Financial Inclusion On Financial inclusion, Jesse Lund noted that their aim with ‘world wire’ is essentially providing easy and low-cost remittance to the under-undeveloped and unbanked population of the world. He said, “$2 billion people do not have access to bank accounts.. over a billion of them actually have a smartphone or feature phone... we can actually bring money further and farther than it could go before even in the absence of banking service. Its not just taking share from somebody else” It is a revolution “in the payments industry” Moreover, Jed also noted though there hasn’t been any tangible adoption now, they have received positive intent from some banks and institutions. “He said he is excited about the next six months or a year.. when the snowballing effect with many instituions will come into play.” The post Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’ appeared first on Coingape.

3 days ago

Monero [XMR] Records 5% Higher With Tor Project Preferred Donation in XMR

Monero is on a quick race to record new volume - at the moment, Monero or XMR token surged 5% higher within 24 hours. The increasing volume can directly connect to its latest adoption by a non-profit organization called Tor Project. Monero (XMR) Available for Donation As per the reports, XMR cryptocurrency is added to the Tor project to accept the donation in the form of XMR token. Being a non-profit organization, the Tor project develops technologies for open-source privacy and anonymity. Per the reports, the project is already supporting other cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), ZCash (ZEC), Augur (REP), Dash (DASH), Stellar Lumens (XLM), Litecoin (LTC). Upon XMR listing, the Tor project now supports nine cryptocurrencies in total. You can now donate various cryptocurrencies to support @torproject! #bitcoin #litecoin #DASH #Ethereum #augur #Zcash #xmr #StellarLumens — Sarah Stevenson (@elkakai) March 18, 2019 Since XMR is famously known as privacy coin, its demand across the industry that requires discretion is booming. As such a redditor stated that; “If you are going to donate to privacy oriented projects then you should do it with Monero unless you want to end up on yet another list.” Reports further shared Tor Project’s insights of leaving Bitpay, a crypto payment platform and launching their own private wallets. Parting from Bitpay for its donation process, the firm is reportedly reviewing lightning network as well. Now that we have the direct wallets, we’ll phase out Bitpay if people aren’t using it. — Sarah Stevenson (@elkakai) March 18, 2019 XMR Records 5% Gain Following the move, XMR has quickly jumped to $56 value against the US dollar and sits comfortably on the 13th spot. Consequently, it holds a gain of 5.03% within a couple of hours and enjoys the average market cap of $949,582,938. Founded in the year 2014, Monero is often considered as a privacy-centric project. In similar regards, Weiss rating’s recent poll revealed Monero is the preferred privacy coin in comparison to Zcash and Dash. On March 18, Weiss ratings’ poll result revealed Monero grabbed first preference as privacy coin with 54% votes, Zcash with 27% and Dash with 19%. #Monero is making encouraging price moves, which #privacycoin do you favor?Pick one, or add yours in the comment section below!#Zcash #Dash #ZEC #XMR — Weiss Ratings (@WeissRatings) March 18, 2019 So-called, PrivacyCoin is hugely used among confidential transactions - subsequently, Monero’s increased awareness can be spotted in the Porn industry as a means of payment. This is due to the fact that privacy Coin’s transactions cannot be traced and as a result of increased demand, many porn websites have started accepting XMR as a payment to many subscribers on their sites. What do you think about XMR’s increasing adoption? share your thoughts with us. The post Monero [XMR] Records 5% Higher With Tor Project Preferred Donation in XMR appeared first on Coingape.

3 days ago

Cardano [ADA] & ICON [ICX] Price - Ascending Triangle Pattern to Play Out for ADA?

ADA Daily Chart - Source: Top ten ranked cryptocurrency Cardano has been on the radar of analysts this week as it records bullish movements and outperforms most other major cryptocurrencies. Data from Messari shows the price of Cardano appreciating 12.07% over the past seven days, outperformed by only Stellar Lumens in the top ten cryptocurrencies which recorded a 20.63% over the same time period. Another reason analysts have been closely monitoring Cardano is the bullish ascending triangle pattern it has been forming. An ascending triangle pattern is a bullish trend continuation pattern which forms when price forms an upward trend from a series of higher lows but also meets a resistance level above. Cardano has been meeting resistance at the $0.05 level on numerous occasions and its outperformance this week is bringing price close to retesting the level. Several cryptocurrencies have outperformed recently after forming ascending triangle patterns. Stellar lumens broke above an ascending triangle pattern last week resulting in it being the top performer among major cryptocurrencies over the past seven days. The top performer in trading yesterday, Quantum, also broke above an ascending triangle pattern. ADA 6-Hour Chart - Source: Even though the price of Cardano has been increasing to test the resistance level at $0.05, it looks less likely to break above on this test. This test is taking place with less buying pressure from the previous test in February. The RSI is trading lower on both the daily chart and the 6-hour chart from the previous test lowering the odds that price can successfully break above on this test. ICX Daily Chart - Source: South Korean project ICON is a cryptocurrency which is forming bullish movements on the longer-term daily timeframe while forming more bearish patterns on the lower timeframe charts. The price of ICON has been increasing since forming its 2019 low in early February. It has since been forming a bullish market structure with a series of higher highs and higher lows forming. It is currently undergoing its third corrective move of the increase characterized by small losses being recorded on the daily chart. The previous two corrective moves were short-lived, but this movement is lasting longer and forming more bearish patterns on the shorter-term timeframe. ICX 6-Hour Chart - Source: On the 6-hour chart, we are seeing a triangle pattern forming after both lower highs and higher lows formed. The pattern is similar to a descending triangle pattern with the downward trendline being significantly steeper than the upward trendline forming the triangle. A descending triangle is a bearish trend continuation pattern that increases the odds that the next significant movement will be one to the downside. Key Takeaways: Cardano is one of the top-performing major cryptocurrencies as it forms an ascending triangle pattern. Cardano looks unlikely to break above the ascending triangle pattern on this test with the buying pressure being lower than the last test. ICON has been increasing since early February but is currently undergoing a corrective move. ICON is forming a more bearish pattern on the shorter 6-hour timeframe increasing the likelihood of a move to the downside. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Cardano [ADA] & ICON [ICX] Price - Ascending Triangle Pattern to Play Out for ADA? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News |

3 days ago

Ripple’s XRP & Stellar Lumens [XLM] Technical Analysis: XRP Continues Consolidation While XLM Outperforms

XRP Weekly Chart XRP continues to consolidate despite most altcoins recording increases in relation to both USD and bitcoin over the past week. XRP looks likely to form yet another Doji candle on the weekly chart for this week of price action. A Doji candle is a candle where the open and the close are around the same point and reflects uncertainty from traders regarding future price direction. XRP has been forming Doji candles and small-bodied candles on the weekly chart since mid-January reflecting a lot of uncertainty from traders. Both the weekly RSI and MACD have been trading mostly flat reflecting the consolidation we have been seeing. XRP Daily Chart Price has been trading within a triangle pattern forming both lower highs and higher lows. Price has mostly been trading mostly around $0.313 which has been acting mostly as resistance. Below price is a support level at $0.295 and above price lies a resistance level at $0.336. XRP 4-Hour Chart Price is approaching the end of the triangle pattern. Price managed to break above $0.313 in recent price action, but it is questionable whether it can stay above as the triangle pattern nears its end. It is uncertain which way XRP is likely to break from the triangle pattern or whether it will continue to consolidate given the uncertainty from traders for the past two months. XLM Weekly Chart XLM has been one of the top performing major cryptocurrencies. Data from Messari show it increasing 11.6% over the past seven days making it the top performing cryptocurrency in the top ten with the exception of Bitcoin Cash. XLM started its outperformance last week where it broke above an ascending triangle pattern it had been forming. An ascending triangle pattern is a bullish trend continuation pattern that forms when the price has formed higher lows and has also been meeting resistance. Price managed to break above the resistance at $0.092 last week. XLM Daily Chart Price has since continued to outperform and has reached former support and resistance point $0.107. With the daily RSI and MACD showing buying pressure to be high, there is an increased likelihood that price can significantly break above this level. The next key level to monitor for XLM is $0.127 which has acted as both support and resistance in prior trading. Key Takeaways: XRP continues to consolidate and has not made a significant move since January. XRP is forming a triangle pattern, but it is uncertain how it will play out given the long period of consolidation price has been undergoing. XLM has been outperforming after breaking above an ascending triangle pattern it had been forming last week. Price of XLM has risen to resistance at $0.107. If it can break above this point, the next key level to monitor is $0.127. Ripple’s XRP & Stellar Lumens [XLM] Technical Analysis: XRP Continues Consolidation While XLM Outperforms was originally found on Cryptocurrency News | Blockchain News | Bitcoin News |

3 days ago

Bitcoin and Ether Market Update: March 20, 2019

The top ten cryptocurrencies are all in green for the 24-hour period with Binance Coin (BNB) and Stellar (XLM) being the two exceptions. The Cosmos project coin ATOM stormed onto the list for a short period of time, just a few days after the launch of its Cosmos Hub mainnet. The total market cap decreasedRead MoreRead More. The post by Georgi Hristov appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

3 days ago

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Intercontinental Exchange has added new coins to its cryptocurrency data feed and we’ve got the details in this installment of The Daily. This edition also features Coincheck’s announcement that it plans to sell its BSV holdings and reimburse users with Japanese fiat currency. Also, Chinese mining giant Bitmain has closed its office in Norway. Also read: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job ICE Adds More Coins to Its Cryptocurrency Data Feed Intercontinental Exchange Inc., the operator of the New York Stock Exchange, has expanded the scope of its ICE Cryptocurrency Data Feed to cover dozens of new cryptocurrencies. The service uses data from hundreds of sources in the crypto space, as the platform announced earlier this month. When it launched in January of last year, it was compiling data from around 15 exchanges. Now it promises users a comprehensive view of the market that can help them optimize their digital asset trading. The service is also targeting traditional financial institutions that want to enter the industry. Last week ICE Data Services tweeted a list of the digital coins that have been included in the data feed so far. Among them are major cryptocurrencies such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC). Totaling almost 60 projects, the list also includes aelf, ardor, augur, cardano, basic attention token, BSV, BTG, bitshares, bytom, cybermiles,, dash, decentraland, digibyte, dogecoin, elastos, eos , ethereum classic, gas, gemini dollar, huobi token, icon, iost, kyber network, lisk, metaverse ETP, miota, mithril, monero, nebulas, nem, neo, odyssey, omisego, ontology, paxos, qtum, ripple, siacoin, status, steem dollars, stellar, tenx, theta token, tether, tron, trueusd, usd coin, vechain, verge, waltonchain, zcash, zilliqa, and 0x. Crypto Exchange Coincheck to Sell BSV Holdings Japanese digital asset exchange Coincheck has announced intentions to sell the BSV holdings accumulated as a result of the hard fork of the Bitcoin Cash network in November. The platform plans to convert the coins to fiat money and reimburse its holders with the corresponding amounts in Japanese yen that will be deposited to their trading accounts. Coincheck explained in an announcement quoted by AMB Crypto that the fiat equivalent could be lower than the market price of the coins and noted that a fee will be charged for yen withdrawals. The exchange did not reveal the date and the exact time of the upcoming sale in order to avoid affecting the market price of the currency. It also stated that only BSV funds will be sold. Bitmain Closes Office in Norway Chinese crypto mining giant Bitmain has closed its branch in Norway only a year after its opening. The Beijing-headquartered company has already terminated all its operations in the Scandinavian country and moved its office to Germany, ICO Shock reported, quoting the former Norwegian manager of the company, Julie Hvideberg. According to the executive, the main reason for the move is the revocation of electricity subsidies for mining facilities in the country. In November, the Norwegian government decided that crypto-based data centers should pay the full electricity rates and taxes, unlike traditional data centers. The publication highlights the controversial nature of the decision which attracted a lot of criticism from the power and data industry. Hvideberg, who has already quit her job, believes that in the future major mining pools will be concentrated in China and Russia, where electrical energy is much cheaper. On the backdrop of falling crypto prices, Bitmain closed its Amsterdam office and suspended its operations in a Texas-based mining facility in mid-January. And in December, the company shut down its research and development center in Israel. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed appeared first on Bitcoin News.

3 days ago

6 Banks Sign Up To Introduce Stablecoins On IBM Network

Six global banks have reported signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire”. The news was jointly announced by IBM and Stellar during a keynote at the Singapore event Money 2020 according to reports. IBM’s cross-border payment network, Blockchain World Wire was launched in collaboration with Stellar in September last year. Blockchain World Wire went live yesterday (18th March) and apparently more than 40 banks are on service which should leverage cryptocurrencies to enable near real-time international settlements between banks. According to reports, six banks have confirmed their intent to issue stablecoins backed by their national fiat currencies on BWW which included Banco Bradesco from Brazil, South Korea’s Bank Busan and the Phillippines Rizal Commercial Banking Corporation. Jesse Lund, the head of blockchain solutions at IBM has revealed that other banks, which has yet to be disclosed, will reportedly issue stablecoins that are going to be tied to the euro and Indonesian rupiah. Ahead of the announcement, IBM has also made a new partnership with the Stellar based, Stronghold in order to create the Stellar network’s very first stablecoin. The blockchain solution head has stated that IBM plans to expand its blockchain-powered settlement network with further assets saying: "We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that's really going to change the landscape of cross-border payments." BWW currently supports almost 50 currencies in more than 70 countries around the disintermediates legacy bank settlement systems by bringing in the XLM token as an effective tracked settlement tool for fiat currencies between institutional parties. IBM doesn’t issue the settlement asset chosen between parties as Lund sat down in an interview to make it clear that “our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.” In terms of price, Stellar is performing quite well on the day. The cryptocurrency is priced at $0.11 following a 5.15 percent increase over the past 24 hours.

3 days ago

Stellar (XLM) Remains Strong, Eyes Further Gains Before The Next Decline

Stellar (XLM) is holding strong above the 61.8% Fib retracement level. This level used that used to be a resistance has now turned into a strong support. The 4H chart for XLM/USD shows that the price has enough room to rally from here in the days ahead. Stellar (XLM) has seen the momentum shift in its favor after the recent Coinbase listing. It was well deserved for a cryptocurrency like Stellar (XLM) which is in many ways a superior technology to Ripple (XRP), the third largest coin by market cap. Stellar (XLM)’s alliance with IBM has enabled it to gain a lot of traction recently. The cryptocurrency is already making waves in the financial industry with its state of the art blockchain and low cost, speedy transactions. Stellar (XLM) has a higher probability of being more readily accepted by the crypto community compared to Ripple (XRP) as the former focuses on empowering the masses whereas the latter focuses on empowering the banks. The entire cryptocurrency movement is about cutting dependence on the financial system that has enslaved generations after generations. If we can reduce reliance on post with email, why can’t we do the same with money? Bitcoin (BTC) transactions may not be cheaper and faster but then again Bitcoin (BTC) was not created for that purpose. The purpose of Bitcoin (BTC) was to cut the double spending problem and to produce a form of money that is immune to inflation. When people realized that blockchain technology can be used for a lot more, they came up with cryptocurrencies like Ripple (XRP) and Stellar (XLM). Jed McCaleb, the CEO of Stellar (XLM) was the CTO of Ripple before he created Stellar. So, Stellar (XLM) and Ripple (XRP) are direct competitors as both are fighting for the same thing but in different ways. It is clear that Bitcoin Cash (BCH) and Litecoin (LTC) are better choices for online spending compared to Bitcoin (BTC). This is why most people pay with these cryptocurrencies instead of Bitcoin (BTC) to save on transaction fees and time. However, Ripple (XRP) and Stellar (XLM) are certainly a lot better than Bitcoin Cash (BCH) and Litecoin (LTC) in this regard. A lot of merchants that accept Bitcoin Cash (BCH) and Litecoin (LTC) might not have any problem accepting Stellar (XLM) even though they may have some problem with accepting Ripple (XRP) as it is seen as a bank coin or a centralized coin by a large number of people in this industry. The daily chart for XLM/BTC shows that Stellar (XLM) still has to break past the 38.2% Fib retracement level if it is to rally further. The probability of a golden cross remains low as XLM/BTC does not seem likely to break above the 200 day moving average. That being said, it might continue to trade sideways for a while as the rest of the market catches up to it before the next decline sets in.

3 days ago

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support. Litecoin (LTC) price moved below the $60 support and it could extend the downside correction. Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support. Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220. Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area. The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control. Bitcoin Cash Price Analysis Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level. The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term. Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62. Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level. Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone. Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins. The post Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis appeared first on NewsBTC.

3 days ago

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