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Stellar is public infrastructure for money.

Supported by a nonprofit, Stellar brings the world together by increasing interoperability between diverse financial systems and currencies.

Stellar is a technology that enables money to move directly between people, companies and financial institutions as easily as email. This means more access for individuals, lower costs for banks, and more revenue for businesses. Help better the world’s financial infrastructure by participating in our community or by building on Stellar. 

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Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Jul 21st, 2018

Crypto markets seeing mostly green, with altcoins regaining strength and Bitcoin holding solidly above $7,400. Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week's upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday's levels. Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin's 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) has seen more significant growth over the past 24 hours, up almost 5 percent and trading at $466 at press time. The altcoin is holding weekly gains of almost 8 percent, peaking at over $500 on July 18. Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization of all cryptocurrencies is hovering around $282-283 bln, currently at $282.7, up about 2 percent over the past 24 hours to press time. Total market cap is down from this week's peak of almost $300 bln. Total market capitalization chart. Source: CoinMarketCap Among the top ten cryptocurrencies on CoinMarketCap, Stellar (XLM) and IOTA (MIOTA) are up the most on the day, seeing over 7 and almost 5 percent growth respectively. Other than stablecoin Tether, Cardano (ADA) is seeing the least 24-hour growth of the top ten coins, up only 1.53 percent. Cardona is however seeing major growth on the week, boasting a whopping 23 percent price increase. Yesterday, July 20, the Chicago Mercantile Exchange (CME) reported that BTC futures daily average volume has increased by 93 percent in Q2 over Q1. The number of open contracts on Bitcoin futures also increased by 58 percent. This week's crypto market growth got further encouragement yesterday, July 20, when the CEO of crypto trading platform BitMEX suggested Bitcoin's current bull run may give way to a price point of $5,000 before heading to $50,000 in 2018.


Bitcoin Reclaims $6,600, Altcoins Gain up to 9% Today as ETF Giant BlackRock Eyes Crypto

Jul 16th, 2018

Bitcoin has reclaimed the $6,600 price point, amid a major market rally bolstered by news that the $6.3 trln asset management behemoth BlackRock is eyeing crypto. Crypto markets are on an upswing today, July 16, as data from Coin360 shows, with Bitcoin (BTC) reclaiming the $6,600 price point. Today's notable market growth is likely bolstered by news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, according to reports from Financial News. Market visualization from Coin360 Today's solid market gains are poised to turn around negative momentum that has thwarted price performance since market descent that began July 10. Yesterday saw the first signs of a budding positive trend, and as of today, virtually all of the top 100 coins by market cap are seeing significant growth on the day to press time. Bitcoin is trading around $6,607, up a little over 4 percent over the 24-hour period to press time. The top cryptocurrency gained over $200 in the space of a few hours this morning, hitting a peak of $6,635 before falling slightly to its current position. Bitcoin is still down around one and a half percent on the week, yet to top its outstanding rally July 8 when the coin hit almost $6,800. Bitcoin price chart July 16. Source: Cointelegraph Bitcoin Price Index Leading altcoin Ethereum (ETH) is trading around $474 to press time, up over 6 percent over the past 24 hours to press time. The coin's strong ascent has not yet brought its mid-term price performance back into net positive territory, with its weekly and monthly losses still at 1.25 and 4.8 percent respectively. Following Bitcoin's spike, Ethereum also saw a sharp upward turn earlier today, growing about 4.6 percent in two and a half hours to peak at $475, before proceeding to trade sideways to press time, holding today's gains so far. Ethereum price chart July 16. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap -- excluding stablecoin Tether (USDT) -- have seen impressive gains of between 4 and 9 percent over the past 24 hours to press time. Of the top 100 ranked crypto assets, just five are in the red, including Tether. EOS is the strongest performer of the top ten cryptocurrencies over the 24-hour period, up a hefty 8.55 percent and trading at $7.75 to press time. EOS 24-hour performance. Source: CoinMarketCap Other sweeping gains have been claimed by Stellar (XLM), Cardano (ADA) and IOTA (MIOTA) -- all of which have seen positive growth of 7-8 percent over the 24-hour period, according to CoinMarketCap. Total market capitalization of all cryptocurrencies is now at around $266.9 billion to press time, gaining over $12 billion on the day. The markets are nonetheless just shy of their intra-weekly high of $274.7 billion in the early hours of July 10. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap Today's significant news from BlackRock is likely to invigorate the narrative that institutional investors have been biding their time to enter the cryptocurrency markets at an opportune moment. Over the weekend, CNBC trading advisor Ran Neuner went so far as to venture that once the institutional behemoths are in, 2017's bull run for crypto would come to "look like a warm-up." Ran Neuer has today added today that the indications that BlackRock could now enter the crypto space potentially heralds an "exciting" and transformational moment for the markets -- a position that echoes the long-held view that crypto-based ETFs would be a 'holy grail' for the crypto industry. In its own bid to provide infrastructure to facilitate institutional entry, major U.S. crypto wallet provider and exchange service Coinbase has said that it expects that such moves -- rapidly being mirrored across the crypto space -- will "unlock" the "$10 billion" of institutional capital that has until now been "sitting on the sideline."


Crypto Markets Keep Building Momentum, Bitcoin Inches Towards $6,400

Jul 15th, 2018

Sunday, July 15: crypto markets continue building momentum, with nine out of the top ten cryptocurrencies by market cap firmly in the green, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) has gone above the $6,300 mark, up about 1.5 percent over the past 24 hours, trading at $6,354 at press time. The top cryptocurrency continues its growth after dipping to an intraweek low of $6,180 on Friday. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is up 3.4 percent on the day, trading at $448 at press time. The coin has gone as low as $424 during the week, and it is still down around 10 percent over the past 30 days. Ethereum price chart. Source: Cointelegraph Ethereum Price Index After plunging to $242 billion on July 13, total market capitalization of all cryptocurrencies is back to its average monthly levels, currently just below $256 billion. Total market capitalization chart. Source: Coinmarketcap Stellar (XLM) is currently the biggest winner among the top ten coins by market cap, up 6.1 percent and trading at around $0.218 at press time. XLM is also the only coin among the top ten that has seen gains over the week, amounting to about 3.3 percent. In terms of losses over the past week, EOS has suffered the most among the top ten. Despite the fact that the coin has gained almost 6 percent in 24 hours to press time, it is still down 15.7 percent over the past 7 days, trading $7.40 at press time. On July 12, Chile's Court of Appeals ruled in favor of crypto exchange Orionx, ordering the state-owned bank Banco Estado to reopen the company's previously closed deposit account. It also stated that the bank's original decision to close the account was "arbitrary and illegal."


Crypto Markets Tumble as SEC Rejects Winklevoss Twins' Second Bitcoin ETF Application

Jul 27th, 2018

Markets have plunged, evidently in response to the U.S. SEC's rejection of the Winklevoss brother's second Bitcoin ETF application. Crypto markets have taken a sharp downturn, today, July 27, with all of the top ten coins by market cap hit by hefty losses and Bitcoin (BTC) dipping back below the $8,000 psychological price point, as data from Coin360 shows. The grim market picture is likely due to yesterday's breaking news that the Winklevoss Twins' application for a Bitcoin exchange-traded fund (ETF) has now been rejected for a second time by the U.S. Securities and Exchange Commission (SEC). Market visualization from Coin360 Bitcoin (BTC) is trading around $7,915 to press time, down about 4 percent on the day. After leading last week's impressive market uptick and hitting as high as $8,431 July 25, the coin tumbled over $400 within the space of 3 hours earlier today. Bitcoin has since slightly recovered from its intraday low at around $7,874 -- and its weekly and monthly price performance remains in the green, up around 6 and 30 percent respectively. Bitcoin's 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is trading around $462 at press time, down about 3 percent on the day. The altcoin took a similarly sharp plunge to Bitcoin, losing roughly $20 in value within 3 hours, and later dipping yet further to see a 24-hour low of around $459. Ethereum's weekly price performance is now just shy of half a percent in the negative, but it's monthly gains remain at a firm 6 percent. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap are down between 3 and 7 percent on the day. Stellar (XLM) has seen the steepest loss of the top ten, 6.5 percent in the negative and trading around $0.305 to press time. Cardano (ADA) is down almost 7 percent, trading around $0.16 per coin, with IOTA (MIOTA) down around 5.4 percent at $0.98 and Bitcoin Cash (BCH) down almost 5 percent to trade at $802 to press time. Of the top 20 coins on CoinMarketCap, VeChain -- ranked 18th by market cap -- has somehow been immunized from the declining fortunes of most crypto assets on the day. After a major surge yesterday to hit as high as $2.66, the token is still up around 13.5 percent today and is trading at around $2.36 to press time. VeChain 7-day chart. Source: CoinMarketCap Crypto exchange Binance's native token Binance Coin (BNB) -- ranked 17th on CoinMarketCap -- is also up a solid 6 percent on the day, trading around $13.81 to press time -- its highest price point yet during its bullish run this week. Binance Coin 7-day chart. Source: CoinMarketCap Over $12 billion has been wiped from the total market capitalization of all cryptocurrencies on the day. After yesterday's peak at $303.7 billion, total market cap is now around $290 billion. Total market capitalization of all cryptocurrencies from CoinMarketCap Of the top 100 cryptocurrencies by market cap, just seven coins are in the green on the day to press time, according to CoinMarketCap. Crypto entrepreneur Charlie Shrem has argued on Twitter yesterday that the SEC's second rejection of the Winklevoss Bitcoin ETF it is in some sense "old news." He stated that a pending decision over the Bitcoin ETF that has recently been filed by VanEck & SolidX for trading on the Chicago Board Options Exchange (CBOE) will be more pivotal for the industry -- and would likely generate more price-impactful "ETF excitement." Shrem moreover argued that regulators will be more likely to grant a stalwart mainstream institution such as CBOE the right to trade an ETF, and that this was a more decisive factor in the Winklevoss rejection than the SEC's alleged qualms over inadequate "resistance to price manipulation" yesterday. In response to Shrem's argument, other commentators have nuanced his perspective, saying that: "The VanEck SolidX Bitcoin Trust ($XBTC) will trade on the CBOE. Its pricing relies on the MVIS Bitcoin OTC Index, not a [single crypto] exchange like Gemini. It seems like the SEC would have to deem OTC markets as having better investor protections and liquidity. More investigation is required." Other simply consider that the SEC's broadcasting of its concerns over vulnerabilities to market manipulation in an insufficiently sized regulated derivatives (futures) market will be "hard to overcome" -- it appears that these fears have been borne out by markets, at least in the immediate-short term. Meanwhile, on July 24 the SEC delayed its decision on a Bitcoin ETF application from investment firm Direxion, the same day as digital asset manager Bitwise filed its own application with the regulator for an ETF that would track an index of ten cryptocurrencies. Yesterday, the CEO of the Chicago Mercantile Exchange (CME) said the institution would not be introducing futures on cryptocurrencies other than Bitcoin anytime soon, reiterating his earlier comments that it would be "a little irresponsible" to launch altcoin futures contracts given that they are still "highly volatile and new."


Despite NYSE's 'Biggest News of the Year' for Bitcoin, Crypto Markets Plummet in a Blink

Aug 4th, 2018

Markets have taken a vertiginous plunge today, with Bitcoin losing almost $500 on the day to dip below $7,000 and all the top ten crypto assets in the red. Crypto markets have taken a vertiginous plunge today, August 4, with Bitcoin (BTC) losing almost $500 in the six hours before press time to dip below $7,000, and all of the top ten cryptocurrencies by market cap in the red, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,028 to press time, having lost almost $500 on the day to plummet to a price point not seen since July 17. The leading cryptocurrency has seen an intra-day low of $6980, with some crypto analysts today noting that $6,800 has become its short-term critical support level. Bitcoin's price percentage loss on the day is near 7 percent, with a weekly loss of about 15 percent and monthly gains squeezed to just 5 percent. Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has seen a markedly less pronounced drop on its daily chart, losing just over 2 percent over a 24-hour period to press time to trade around $404. The altcoin's fortunes have been shaky much of the week, having seen jagged losses since July 29, when the asset was still trading as high as $470. On the week, Ethereum is down over 13 percent, with monthly losses at nearly 15 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, none of the top ten cryptocurrencies are in the green to press time. Taking an even heftier hit than Bitcoin, Stellar (XLM) and IOTA (MIOTA) have seen losses of as high as around 9 and 10 percent respectively on the day. To press time, Stellar is trading around $0.24 and IOTA around $0.84. Among the top twenty coins by market cap, Ethereum Classic (ETC) is the major outlier, up almost 9 percent over the 24-hour period to trade at about $16 to press time. The altcoin's solid gains kicked off late August 3, probably due to news of the asset's imminent listing on major U.S. crypto exchange and wallet service provider Coinbase as of August 7. Since its spike, the coin has traded sideways most of today, seemingly immunized from the major losses in the wider crypto markets. Ethereum Classic's 24-hour price chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies has plunged down to around $253 billion -- over $13 billion lost in the six hours before press time, and a staggering $50 billion lower than their July 26 surge to $303.7 billion. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap The markets' nosedive today is in stark contrast to yesterday's major news that Intercontinental Exchange (ICE) -- the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE) -- plans to create a global ecosystem for digital assets that would cover the spectrum from federally regulated markets and warehousing to merchant and consumer needs. ICE moreover plans to launch physically-delivered BTC futures contracts this November, distinct from those currently offered on CME and CBOE that are ultimately settled in fiat. The likes of Starbucks and Microsoft are on board for the new venture, dubbed "Bakkt," which will begin by offering Bitcoin-fiat conversion for consumers to purchase everyday goods with crypto. ICE's unveiling of Bakkt prompted CNBC's Brian Kelly today to suggest that this is "the biggest Bitcoin news of the year," advocating that now is a good "point of entry" for investors ahead of crypto's impending institutionalization.


Bitcoin Holds $8,000 as Community Weighs ETF Impact Prospects

Jul 30th, 2018

Bitcoin remains stable, trading above $8,100 as monthly growth for July approaches 30 percent. Bitcoin's (BTC) price continued to hold above $8,000 on Monday, July 30, as the rest of market saw slight losses across the board. Market visualization from Coin360 Data from Cointelegraph's price tracker and Coin360 reveals a modest comedown for Bitcoin through the day, falling almost 1 percent over a 24 hour period to trade at around $8,110 by press time. The top cryptocurrency reports around 28 percent growth over the last month. Bitcoin weekly price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin's price had remained relatively steady over the weekend, after briefly dipping below $8,000 after the news that the U.S. Securities and Exchange Commission (SEC) had again rejected an exchange-traded fund (ETF) application by Cameron and Tyler Winklevoss. However, the SEC also recently postponed a decision on an ETF application by investment firm Direxion until September, and other applicants are still awaiting a decision from the U.S. regulator. Kin-Wai Lau, the CEO of Fatfish Internet Group, said this week that he believes "we're not far away" for the market to "generally accept an ETF." For top altcoin Ethereum (ETH), the day's downturn was slightly more precipitous, with ETH losing about 2 percent over a 24 hour period to trade around $454 by press time. ETH has seen a little more than 2 percent growth over the last month. Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index Ethereum co-founder Vitalik Buterin argued this week that the ETF noise was receiving too much attention, and that actual consumer adoption in terms of purchasing and earning in even small amounts of cryptocurrency was "much better:" "I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption." Almost all of the top ten coins listed on CoinMarketCap are in the red -- with the exception of stablecoin Tether (USDT) -- seeing losses between about 1 and 6 percent. Stellar (XLM) is down the most, almost 6 percent over a 24 hour period and trading around $0.29 by press time. EOS also sees a similar loss, down around 5 percent over a 24 hour period to press time and trading around $7.85. Total market cap is currently around $291 billion, down from its intraweek high of about $304 billion. Total market capitalization chart. Source: Coinmarketcap


Crypto Markets Experience Slight Dip But Still Hold Weekly Gains

Jul 19th, 2018

Thursday, July 19: crypto markets have seen a slight slump over the past 24 hours, but are still holding weekly gains of up to 64 percent among some of the top ten cryptocurrencies by market cap, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps hovering around yesterday's levels, having seen an intraday low of $7,249. The leading cryptocurrency is slightly down by around .23 percent over a 24 hour period, trading at around $7,418 at press time and still up almost 20 percent over the past week. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index In contrast, the second top cryptocurrency Ethereum (ETH) is down around 5.5 percent today, trading at around $467, and still holds gains of around 9 percent this week. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market cap is down $9 billion from yesterday's high, currently at around $289 billion. Total market capitalization chart. Source: Coinmarketcap Stellar (XLM) is holding as much as 60 percent gains over the past week, trading at around $0.29 at press time, while down almost 2 percent today over the past 24 hours. The altcoin is now ranked 6th on CoinMarketCap, overtaking Litecoin (LTC). Cardano (ADA) also continues to hold a stable position around the top cryptos. Despite the fact that the coin has lost almost 5 percent over the past 24 hours to press time, it is up around 43 percent over the past week. Earlier today, the "first-ever crypto investment report" by digital asset management fund Grayscale Investments revealed that the majority of capital inflow this year has been made by institutional investors, as much as 56 percent in the first half of 2018. Yesterday, CEO and founder of Digital Currency Group Barry Silbert suggested that Bitcoin has "probably hit the bottom for the year," adding that "as an asset class it is here to stay ... I'm 100 percent confident a decentralized, non-fiat form of money is here to stay."


Stellar Cryptocurrency Lives Up to Name With 40% July Gains - CoinDesk

Jul 31st, 2018

Bitcoin's 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42 percent, to record a 7-month high over the 31-day period, a function of money shifting from alternative cryptocurrencies into bitcoin. That said, not every alternative cryptocurrency saw gains. Ether, the cryptocurrency that powers the ethereum blockchain, and the second-largest cryptocurrency by total value, as an example, recorded a monthly loss. A notable exception among the largest 25 cryptocurrencies reviewed by CoinDesk, however, was stellar's XLM token, which was able to defy the odds and become the top monthly performer in its class. Fueled by interest from the most influential U.S. exchange, Coinbase, the news the startup is considering an XLM listing revved up investor interest, spiking 13 percent on the news. Still, it's arguable that this simply helped galvanize stellar's appeal after notable recent milestones. In recent months, teams seeking to launch initial coin offerings (ICOs), including social messenger Kik, have begun to utilize stellar's technology. Also notable has been the team's technical commitments, such as its prominent support for the scaling solution, lightning network, which developers say they aim to implement this year. Along the ride, stellar would go on to hold its gains, though, eventually displacing litecoin to become the world's sixth largest cryptocurrency by market capitalization - valued today just north of $5 billion. Monthly performance: +40 percent All-time high: $0.90 Closing price on June 30: $0.19 Current market price: $0.27 Rank as per market capitalization: 6 XLM began its monthly ascent on July 13 (Coinbase news), reaching its monthly high of $0.36 12 days later when it showed a 93 percent gain from the month's open of $0.19. Still, the crypto asset cooled off during the last week of the July, dropping 11 percent, likely due to overextended technical charts and a wavering bitcoin price. When July came to a close, Stellar finalized its 40 percent month-to-month appreciation. Price closed above the two-month long descending trendline (yellow) on July 14, a bullish signal seen in the chart above, and continued its journey past the 200 day exponential moving average to the 0.618 Fibonacci Retracement (from May high of $0.47). Its monthly high mark of $0.36 was set shortly after on July 25. The combination of resistances proved to be too strong as price failed to find acceptance above the levels, first hinted by bearish divergence in the daily RSI. Price consequently reversed over 24 percent to where it stands today just below $0.28. Only a daily close below the long term trendline (blue) would return the immediate trend to bearish favor and suggest a move towards the 0.236 Fibonacci retracement located near $0.23. On the upside, a bounce off of the trendline could be seen as a successful throwback test and would add credence to the bullish trend change, setting sights back on the elusive $0.36 resistance. Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing. Rocket image via Shutterstock


Bitcoin Dips Below $8,000 Amid Market-Wide Losses

Jul 31st, 2018

July 31: Crypto assets are posting market-wide losses on the day, with Bitcoin (BTC) dipping back below the $8,000 psychological price point and virtually all coins in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,857 to press time, down around 3 percent on the day. Since its July 25 peak at $8,431, the leading cryptocurrency has been testing support at $8,200 over the past few days, dipping down below $8,000 today for the third time this week. Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin's weekly price performance is now in the red, down around 4 percent, but monthly growth remains around a bullish 22 percent. Ethereum (ETH) is trading around $432 at press time, down around 5.7 percent on the day. The altcoin has taken a steep hit, losing over $40 in value since early trading hours, $14 of which it lost within the 90 minutes before press time. Ethereum's weekly and monthly price performance are now around 10 and 5 percent in the negative. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap are down between 3 and 11 percent on the day. EOS has been hit with the heftiest loss among the top ten, losing almost 11 percent on the day and trading around $7.28 to press time. Cardano (ADA) has lost almost as much, down 10.3 percent over a 24 hour period and trading around $0.14 to press time, with Stellar (XLM) down almost 9 percent at around $0.27 per coin. More modest losses have been posted by Ripple (XRP), down around 3.3 percent at $0.43 and Bitcoin Cash (BCH), also down almost 3.3 percent to trade at $787 to press time. Around $10 billion has been wiped from the total market capitalization of all cryptocurrencies on the day. After a weekly high of $303.7 billion, total market cap is now around $281 billion. Total market capitalization of all cryptocurrencies from CoinMarketCap While the markets remain shaky in the short term, two new financial reports have indicated that major players in both the emerging crypto industry and the traditional financial sector have been reaping handsome profits from their crypto-related ventures. Yesterday, figures cited by Fortune for crypto mining hardware giant Bitmain suggested the firm earned around $1 billion in net profit in the first quarter of 2018, with an estimated $2 to $3 billion in future profit for the entire year. Today, online banking service provider Swissquote reported a 44 percent surge in profits in the first half of 2018, an uplift attributed to the "crypto boom" earlier this year. In July 2017, the Swiss-based online bank was credited by many with becoming "the first" European online bank to launch Bitcoin trading accounts for its clients.


Bitcoin Price Dips Below $7,400 Amid Futures Volatility, Eyes $7,000 Support

Aug 3rd, 2018

Bitcoin prices are heading towards $7,000 as support around $7,500 fails to materialize. Bitcoin (BTC) dropped around 2 percent Friday, August 3, failing to find support to stay above the $7,500 barrier for the first time this week. Market visualization from Coin360 Data from Cointelegraph's price tracker and Coin360 show a sudden dip downwards from $7,550 Friday, with BTC/USD trading around $7,363 at press time. That figure marks Bitcoin's lowest since the end of July, just after prices shot up from $6,100 in a matter of hours. Bitcoin weekly price chart. Source: Cointelegraph Bitcoin Price Index Since that time, markets have rallied and fallen, with commentators keen to see if support around $7,000 can hold to sustain July's gains. Today's move downwards accompanies temporary volatility at cryptocurrency exchange OKEx, which confirmed it had injected 2500 BTC in order to stabilize impending futures settlements. The crypto exchange added that it will add a new "anti-manipulation policy" on August 4 to avoid such incidents reoccurring at an even larger scale. Bitcoin has traditionally seen downward pressure in the immediate run-up to futures contract liquidation from various operators. In altcoin markets, Ethereum (ETH) managed to curb losses compared to Bitcoin, dropping around 1.1 percent in the 24 hours to press time and currently trading around $409. Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index Bitcoin Cash (BCH) fared worse, losing around 5 percent over a 24 hour period and trading around about $713 to press time. Altcoins Stellar (XLM) and Cardano (ADA) are also seeing lows among the top ten coins listed on CoinMarketCap, down around 7 and 3 percent respectively on the day and trading for $0.25 and $0.13 by press time. Total market cap is below $262 billion by press time, a value last seen on July 16. Total market capitalization weekly chart. Source: Coinmarketcap


Crypto Markets See Slight Gains Since Yesterday's Upswing, Despite US Indictment FUD

Jul 14th, 2018

July 14: crypto markets are holding gains from yesterday's mild upswing, with all top ten cryptocurrencies seeing slight growth over the past 24 hours, according to data from CoinMarketCap and Coin360. Market visualization from Coin360 Bitcoin (BTC) is up just over one percent over the past 24 hours, trading at $6,274 at press time. The leading cryptocurrency has been mostly trading sideways today, holding gains from yesterday's modest rebound. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) is trading at about $435, up almost one percent on the day to press time. The top altcoin by market cap is still down over 10 percent over the past week. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization of all cryptocurrencies is hovering near $250 billion, around yesterday's levels, with an intraday low of $246 billion. Total market cap however has lost almost $30 bln on the week. Total market capitalization chart. Source: CoinMarketCap While most top ten cryptocurrencies have seen modest growth of around 1-2 percent over the past 24 hours, some coins have seen bigger gains. Stellar (XLM), the seventh largest coin by market cap, is currently up almost 5 percent, trading at $0.21 at press time. Cardano (ADA), the 8th largest coin, is the only one of the top ten coins in the red, down just a slight 0.01 percent over the past 24 hours, trading at $0.138 at press time. On July 10, crypto markets took dip, reversing an overall upswing since late June that saw Bitcoin reach almost $6,800 this same week, July 9. Since July 10, markets have been following a further downward trend until yesterday, July 13, when the markets took a turn to make a modest comeback. Though slight, the general growth of crypto markets comes despite the fact that yesterday, July 13, U.S. authorities indicted twelve Russian officials for allegedly using Bitcoin and other cryptocurrencies to fund "interference" in the 2016 U.S. presidential elections.


Cryptocurrency Prices Soar on News Coinbase Is 'Exploring' Adding Five New Coins

Jul 13th, 2018

The cryptocurrency market experienced a slight bump on Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is "exploring" adding support for them to its several platforms. Earlier today, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and regulators in a variety of jurisdictions about adding support for five new cryptocurrency tokens: cardano (ADA), basic attention token (BAT), stellar (XLM), zcash (ZEC) and 0x (ZRX). Having learned from past listing fiascos, the firm chose to make the announcement both internally and externally at the same time to reduce its impact on the market and protect itself from allegations of insider trading. Coinbase also stressed that there is no timeline for when these assets will be listed, as well as the fact that some may ultimately have limited support or none at all, particularly in more-restrictive jurisdictions. Unsurprisingly though, the five assets in question saw their prices begin to soar immediately following the announcement. Among top 100-cryptocurrencies, these assets rank as five of the day's seven best performing tokens. The top performer in the group was 0x, which is currently up nearly 29 percent for the day to just over $0.99. BAT, the native asset of the Brave ecosystem, has seen its price soar by more than 22 percent to $0.33, while the zcash price is nipping at its heels with a 21 percent surge to $186. Cardano and stellar posted smaller gains, rising 11 percent and nine percent to $0.14 and $0.20, respectively. This is not surprising, though, since they are the only two coins in the group with market caps above $3 billion. Zcash, the next-largest cryptocurrency, has just an $807 million valuation. It's notable that Coinbase continues to hold this much sway over cryptocurrency prices, even as the company adds more assets to its platform. As CCN reported, Coinbase -- which has already listed bitcoin, ethereum, bitcoin cash, and litecoin -- has also said that it plans to support ethereum classic and ERC-20 tokens (of which BAT and 0x would be the first). The company has also stated its intent to acquire the licenses necessary to list assets classified as securities by U.S. regulators.


Stellar Price Continues to Moon, Sees 10% Increase in 4 hours

Jul 25th, 2018

The stellar price reached a two-month high on Wednesday evening as it soared by well over 10% on major exchanges to reach a value of $0.33 on Bitfinex. Although there did not seem to be any particular news today to trigger this spike, the cryptocurrency -- more accurately referred to as lumens (XLM) -- has been in the news of late with considerable positive developments. XLM's volume also increased considerably on Binance, with over $17.5 million traded as at 10PM GMT. The development from Coinbase last week had also seen the stellar price shoot up by as much as 25% over a few days, and with today's increase, the coin is around 40% up from its low of $0.17 registered in June. The recent move by Coinbase created a wave of positive price appreciation for the currencies, with stellar posting a gain of 22% since the news was first released. XLM fans rejoiced over the reversal in 2018's bear cycle, which saw their coin fall nearly 85% in value since the start of the year. Additionally, the fact that the computing giant IBM is using stellar to pair with a digital stablecoin also gave a good hike to positive sentiment about XLM. In comparison, bitcoin is up by around 2% to retake the $8,200 level whilst other coins such as EOS and bitcoin cash were showing marginal improvements over the past few hours. Another positive development could have been the announcement that BitIra also added stellar to its platform. The lesser-known California-based exchange continued its steady expansion of available coins with the addition of stellar (XLM) and zcash (ZEC), which joined bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), bitcoin cash (BCH), and ethereum classic (ETC) as investment opportunities for its customers. Finally, another interesting development was the fact that the Stellar Foundation received certification from Islamic scholars of Shariyah Review Bureau (SRB) for its blockchain network and its native token to be used in Sharia-compliant financial products. With the certification in place, Stellar -- both the organization and the currency -- will now have access to the vast Middle Eastern and South East Asian markets where Islamic banking and Sharia-compliant products have a strong demand. The certification also provides XLM with an advantage over rival cryptocurrency XRP -- often stylized as "ripple" due to its association with the company of the same name -- in the Middle East within the payments and remittances space.


Canadian Crypto Exchange Coinsquare Lists XRP Ahead of IPO, U.S. Expansion

Aug 1st, 2018

Canadian cryptocurrency exchange and brokerage platform Coinsquare has listed XRP for trading, placing another arrow in its quiver as it prepares to challenge Coinbase -- its dominant competitor to the south -- to become the trading venue of choice for retail investors. The Toronto-based Coinsquare on Monday announced that it had added XRP -- the third-largest cryptocurrency and the native asset of the Ripple Consensus Ledger (RCL) -- for trading. The rollout is initially in beta, during which time users will be able to fund their accounts with XRP and trade it against fiat and other cryptocurrencies, but they will not be able to withdraw XRP to an external wallet. Coinsquare CEO Cole Diamond had said in early January that adding ripple to the platform was near the top of the exchange operator's agenda, though months passed without word on when this event would occur. "While we're excited about this launch, we also recognize it's been a long wait, and we want to apologize for the delays and lack of communication. We appreciate everyone's patience with us and commit to doing better going forward," the exchange said in a statement. Though XRP is the third-largest cryptocurrency by market cap, some exchanges have been hesitant to list it, largely due to regulatory concerns revolving around whether the asset is a security. Coinbase, for instance, has thus far declined to support it, despite listing four of the seven largest cryptocurrencies and revealing that is "exploring" adding support for a fifth, stellar (XLM). That fact is notable, since Diamond has said that Coinsquare has an ambitious expansion plan that includes gaining a foothold in Coinbase-dominated markets like the U.S. and U.K. The firm has said that this expansion will be financed by an initial public offering (IPO) on the main Toronto Stock Exchange, through which Coinsquare hopes to raise CAD$150 million (USD$120 million). "We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year," Diamond told Bloomberg in January.


Stellar Price Slides 10 Percent as Bullish Trend Hits a Snag

Jul 21st, 2018

The stellar price (XLM) fell by just over 10% today, indicating a recent bullish trend may not sustain itself. Stellar is currently the sixth-largest cryptocurrency with a market cap of $5.131 billion, right behind EOS. In the last seven days, it has gained 35% in value against the dollar, according to CoinMarketCap. In the recent 24-hour period, however, the stellar price tumbled from $0.308952 to $0.269737. Today's drop follows a 30% surge to a two-month high of around $0.31 on July 18, a move was preceded by the announcement that XLM is one of five tokens that industry giant Coinbase is "exploring" adding to its platform. In the past month, the stellar price rose from 0.308952 on June 24 to 0.313989 on July 19. XLM hit its peak at $0.873623 on Jan. 3 before falling to its June 24 low point, according to CoinMarketCap data. The recent rise has been attributed to the push that bitcoin's surge has given the crypto market as well as a recent announcement that IBM has backed a stablecoin project on the Stellar network. Two days ago, Stronghold, which has been developing a trade ecosystem and an asset agnostic payment system, announced an XLM/USD trading pair. Stronghold plans to use the Stellar network to transact Stronghold USD and provide access to liquidity via its exchange services, marking the first venture supported USD anchor for the network. The recent rise was also attributed in part to Coinbase announcing that the SEC has approved three acquisitions that could ultimately lead to it listing more assets in the future, like XLM. Stellar is also the first Sharia-compliant network. The certification, obtained this week, is expected to help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing rules. As a leading crypto based on market capitalization, stellar also likely benefited from the market-wide June 15 boost that ocurred when the U.S. Securities and Exchange Commission (SEC) said that bitcoin and ether are not securities under U.S. financial laws. Also read: Stellar (XLM) skyrockets 30% to reach 2 month-high Today's slide marks the first sign that recent bullish expectations for stellar may not come to fruition. The fall could be driven in part by the fact that the currency is only supported by a small number of wallets. Many major wallets such as Jaxx an Exodus do not support XLM. There were few other indications for today's reversal, though, so it is likely that the retrace represents a whiplash from the asset's early-week rally. The last major negative news for Stellar was in January when Black Wallet suffered a hack in which resulted in a loss of $400,000.


Should I Invest in Cryptocurrencies?

Jul 15th, 2018

Is investing in cryptocurrency safe? Legal? Financially sound? As the financial world becomes more and more dependent on digitization and data analysis, information sharing has developed as a way to not only relay communications but to quantify value and transfer currency. Decentralized currencies provide a new way of looking at money and controlling your financial future, without interference from traditional banks or financial institutions. Decentralized Currencies vs. Fiat Currencies Decentralized currency, also known as "peer-to-peer money," is a bank-free method of transferring commodities (such as wealth) without dependence on a third party for transaction validation. By cutting traditional banks out of the picture, decentralized currencies have led to a reimagining of how money is viewed and treated and offers the potential for wide-reaching effects on other important, data-driven processes. Most nations use the fiat currency model: all monies held by a central bank which is then backed by the bank's ability to honor the currency. This money can be represented physically in bills, coins, bank transfers, as well as certificates of deposit. Since the bank determines the value of the money, the bank can raise or lower its value without consent or input from consumers. With fiat currency, the value of your money is always held by a banking institution of some kind, even if you have real paper, or plastic, bills in your wallet. Unlike the fiat model, decentralized currency's value is represented by an encrypted piece of computer code, known colloquially as a coin. The code is straightforward to verify but exceptionally hard to replicate or hack. The coin has two keys: one identifying its currency (i.e., Bitcoin, Ethereum, Litecoin, etc.) and connecting it to that currency's system, and one identifying the owner of the coin. The second key is transferable from person to person and is held in the owner's choice of wallet (either virtual or paper). Benefits of Decentralizing Currency A decentralized currency, or "cryptocurrency," has a consumer demand-driven value instead of a value determined by governing banks. Cryptocurrencies have many benefits, including: Protection from bank failures or collapses, high banking fees, and other bank policies designed to charge you for handling your own money;Borderless payments that work around limits set on international transfers by traditional banks operating on fiat currencies and allow large transfers to be made at a meager cost;Stabilization in countries wit Visit website open_in_new

Market share 0.00%
Proof type
24h Open $0.11
24h Low $0.11
24h High $0.12
Price in BTC 0.00003325517197 BTC
Current Supply 19,165,376,512 XLM
Total Supply 2,147,483,648 XLM
Market cap $2,177,186,816
24h Volume (coin) 7,113,313 XLM
24h Volume (currency) $807,341
Last updated 2018-12-13 04:43:06 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume