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Stellar XLM/USD Above $0.1130: Latest Updates Regarding XRP’s Competitor

XLM Now

XLM Now

The 8th largest cryptocoin by market capitalization [current – $2.1 bln] is one of the only in the green as today’s market performance with 3.65% in the green leading the BTC market by 4.00%.

Source: coinmarketcap

The aforementioned value movement marks out a monthly [30 days of trading] gain of 36.144 percent with the positive April crypto trending tending to go higher. Breaking above the monthly declining trend-line opened gates for further increase at least for the days ahead.

Jed McCaleb [after selling the famous exchange Mt. Gox] put his efforts and sought to develop a cryptocurrency which would have the main focus value transactionary. The move led to the creation of Ripple lab and that to the crypto XRP [third largest coin by market cap]. In 2013 he left his position in the firm and one year after Mr. McCaleb initiated Stellar Development Foundation.

Mainly focusing on money remittance – the team behind Stellar XLM are trying to develop the most advanced infrastructure for money transferring to that of cross-border level.

In an official blog post published on March 13, the Coinbase team explained that although they are genuinely passionate about the idea (which had a lot of support from the community), XLM trading will be available in all states except New York and other very specific places. The popular american exchange also said that most of its efforts to list more tokens happened because its users actively requested an expansion of said services, something they took quite seriously.

To continue its fruitful path, the Stellar Development Foundation recently announced the revitalization of its executive staff, starting with a new CEO. The Stellar Development Foundation team agreed to hire Denelle Dixon to be the new commander of the project. Former CEO Jed McCaleb was quite enthusiastic about this change and was positive that Ms. Dixon would play a crucial role in consolidating Stellar’s vision, just as she did during her presence in Mozilla.

Featured Image: descryptive.com/

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Bitcoin Breaks $4,000 as Top Cryptos See Growth

Nearly all of the top 20 cryptocurrencies are reporting slight to noteworthy gains as Bitcoin breaks $4,000.

Saturday, March 16 — nearly all of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) has broken the $4,000 mark, according to CoinMarketCap data.

Market visualization from Coin360

Market visualization from Coin360

At press time, Bitcoin is up over two percent on the day, trading at around $4,035, according to CoinMarketCap. Looking at its weekly chart, the current price is nearly two percent higher than $3,958, the price at which Bitcoin started the week.

Bitcoin 7-day price chart. Source: CoinMarketCap

Bitcoin 7-day price chart. Source: CoinMarketCap

CoinMarketCap data also reveals that yesterday Bitcoin’s trading volume exceeded $11 billion, which is the highest value it reported since April 25, 2018, when the coin’s price was $8,845.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.9 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.1 billion by press time.

ETH is up by over four percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at $135. On its weekly chart, Ethereum has seen its value increase by over two percent from 138, the price of ETH one week ago.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Recently, the research arm of major cryptocurrency trading platform BitMEX has revealed in a blog post that its Ethereum Parity full node contains a potential bug.

Second-largest altcoin Ripple has gained 1.3 percent in the 24 hours to press time and is currently trading at around $0.318. Looking at the coin’s weekly chart, its current price is over a percent higher than $0.314, the price at which it started the week.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, Bitcoin Cash (BCH) is experiencing the most notable growth, up over 10 percent on the day.

The total market cap of all cryptocurrencies is currently equivalent to nearly $140 billion, which is 3.7 percent higher than $134.8 billion, the value it reported a week ago.

As Cointelegraph reported earlier today, senior advisor for digital assets at the United States Securities and Exchanges Commission Valerie Szczepanik reportedly noted that stablecoins could experience issues under current securities laws.

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Litecoin (LTC) Success During 2019: Double its end of 2018 Price

The silver counter-part to the golden coin – Bitcoin BTC: Litecoin LTC ranked fourth largest by coinmarketcap is definitely appreciating the same or even more rise of value during the first three months of 2019 compared to other leading cryptocurrencies.

Standing just below $60.00 on the 16th of March, 2019, the pair LTC/USD is counting an increase of 4.11 percent in the last 24-hours reaching the level of $58.89. With a $1.8 bln summed daily volume of transaction – Coineal, DigiFinex and Coinall are the leading platforms when it comes to LTC changing hands with another.

LTC
Source: coinmarketcap

This is the highest that the duo LTC/USD has been since end of September and beginning of October in 2018. If the value manages to close successfully above $60.00 it could possibly open a new chapter for the days ahead as it has also present a resisting level before.

An article published on Forbes has made a strong case for Litecoin (LTC), sitting at the fourth largest market capital position, flipping third-ranked XRP by the end of the year.
Bambrough, in his piece published on Forbes, believes that LTC price is responding to strong efforts by the Litecoin Foundation and developers to improve security and privacy for the coin, in addition to culling several high-profile partnerships.

“Litecoin volatility spiked when the Litecoin Foundation announced it’s exploring the integration of Mimblewimble, a protocol offering privacy and fungibility to blockchains,” a report by cryptocurrency brokerage SFOX read this week.
“In March, keep an eye on how privacy news moments impact markets, such as recent revelations over Coinbase’s third-party service provider selling client data.”

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Stellar Has a New CEO. Jed McCaleb Becomes “Chief Architect”

Stellar’s New Logo

Stellar has intensified its efforts to position itself as a reliable blockchain and a genuine challenger to Ripple solutions. Its successful strategies have allowed its token XLM to scale positions and solidly establish itself in eighth rank in the global marketcap. Now, to continue its fruitful path, the Stellar Development Foundation recently announced the revitalization of its executive staff, starting with a new CEO.

According to a press release, the Stellar Development Foundation team agreed to hire Denelle Dixon to be the new commander of the project. Former CEO Jed McCaleb, who was also part of Ripple’s founding team, was quite enthusiastic about this change and was positive that Ms. Dixon would play a crucial role in consolidating Stellar’s vision, just as she did during her presence in Mozilla.

“We’re thrilled to have Denelle lead the Stellar Development Foundation through its next phase of growth … Denelle’s long experience leading operations and business at Mozilla, as well as her work on the policy side, with advocacy around Open Internet and encryption and privacy, will be indispensable to SDF in the coming years.

Mozilla’s COO Denelle Dixon Succeeds Jed McCaleb as CEO of Stellar.

Denelle Dixon is currently COO of the Mozilla Foundation and will remain in that position until May of this year. She will then dedicate herself entirely to Stellar.

For his part, Jed McCaleb leaves his position as CEO to dedicate himself only to software development as Chief Architect, focusing on the design of Stellar’s adoption strategy and everything related to its network protocol.

Denelle Dixon said she would use her knowledge to make Stellar a more open and reliable option for the financial services market:

“Throughout my professional career I’ve seen that when an organization embraces openness, attends to the community, and owns a mission, it inspires innovation and harnesses constituency power. I’m extremely excited to bring all I’ve learned to Stellar and to the Stellar Development Foundation.”

For his part, Chris Beard, CEO of the Mozilla Corporation, publicly thanked Ms. Dixon for her “significant contributions” to Mozilla during her time with that organization. Denelle began as an Associate General Counsel and had a successful 6-year journey climbing positions to become COO of Mozilla Corporation:

“As a key part of our senior leadership team, Denelle helped to build a stronger more resilient Mozilla, including leading the acquisition of Pocket, orchestrating our major partnerships, and helping refocus us to unlock the growth opportunities ahead. Denelle has had a huge impact here – on our strategy, execution, technology, partners, brand, culture, people, the list goes on. Although I will miss her partnership deeply, I will be cheering her on her new role as she embarks on the next chapter of her career.”

Right now, Stellar Lumens (XLM) remains in position number nine on the global marketcap, with a solid bullish trend that began on march 5 and a minor correction of 48 hours. XLM has a price of 0.10604 USDT and a marketcap of 2.05B USD according to coinpricewatch 

courtesy: Tradingview

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It’s Official: Alt Season is Here! (But BTC Remains The King), eToro’s Mati Greenspan Says

Mati Greenspan

Since 2017, the crypto market has not had good times. The bearish streak that began at the end of that year (just as the initial futures contracts gained strength) became more pronounced throughout 2018 and seems to have diminished in intensity during the initial quarter of 2019.

This behavior, along with the active development of several projects based on blockchain technologies seems to have aroused the interest of traders and crypto enthusiasts, however, while previously Bitcoin grabbed everyone’s attention, 2019 appears to be the year of altcoins and so has been “decreed” by Mati Greenspan, one of the most respected analysts not only in the community of cryptocurrencies but among traders of diverse financial instruments.

Alt Season Is Here!

In an essay published by Hacked and replicated by The Bitcoinist, Mati Greenspan points out that from a technical analysis standpoint, Bitcoin trading is lagging behind the rest of the cryptocurrencies, something that many experts see as a sign of increasing influence of altcoins in the whole crypto trading market.

Also, Bitcoin’s modest price variation makes it unappealing for traders accustomed to more volatile and risky markets. While Bitcoin maintains a low variability in prices and volume, other cryptocurrencies have tripled their numbers, with noticeable gains that stimulate the growth of their market cap:

“Of course, there’s no telling how long this could last but the signs are all in place. Global volume across crypto exchanges is holding steady at around $30 billion per day, yet Bitcoin’s volume is less than a third of that figure. Sure, Bitcoin exchange volumes are still about double what they were in early February, but some coins like Litecoin, EOS, and BNB have more than tripled their daily volumes in the same time frame.”

Alt Season Means Good News for Bitcoin (BTC)

However, the alt season has also benefited Bitcoin (BTC) trading: Being the most widely used cryptocurrency, it forces traders to operate with this cryptocurrency as the base for most of their trading pairs, increasing its demand.

He also illustrates that there has been a decline in the number of Bitcoin transactions over the last few days, indicating that users might prefer other currencies although the Bitcoin dominance index still gives BTC over 50% of strength.

number of BTC Transactions

Number of BTC Transactions. courtesy: Bitcoinist

The community seems to share Mr. Greenspan’s sentiment. On “Crypto Twitter” (and also Reddit) several users have talked about not only to a possible reversal of the bearish trend but also about the end of the infamous “crypto winter.”

If this is true, happy trading! But please remember: Never invest more than you can afford to lose.

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Cardano (ADA) Attempt to Break Above $0.4800: Latest News Summary

Per time of writing one of the only in the green among leading coins by market capitalization is Cardano (native token ADA  ranked 11th) counting 3.35% increase in the last 24-hours. Despite that it is lower compared to Yesterday (10th of March) the transaction volume of ADA is currently on the rise reaching for the big $40 mln ($39.1 mln present) on various crypto-exchanging platform.

ADA

Source: coinmarketcap

The pair ADA/USD is currently changing hands at $0.04666 and as it is standing on the rising on the hourly trading chart it is possible that in the coming days the value will test the major $0.4800 with the chance of breaking above the monthly declining trend while riding on the supportive trend.

Coin News

Cardano (ADA) Latest:

– One of the three parties that make Cardano [ADA] the project that it is today – the venture and commercial arm EMURGO announced that it is planning to expand further into India via opening a blockchain academy.

Called EMURGO Academy – the institution targets to train developers that are interested into blockchain-crypto developing thus increasing adoption of block-tech. EMURGO’s academy aims at supplying talented developers with the tools needed to thrive in the blockchain industry.

– During YouTube’s Cryptocurrency Virtual Summit, the co-founder and creator of the 11th largest digital coin by market capitalization – Charles Hoskinson, also co-founder of Ethereum [coin lead by Vitalik Buterin], dug dipper into the progress which Cardano made until now since its debut and what kind of mindset does it take to run a project of this scale even during cold weather. According to Mr. Hoskinson, what stands the most out for him is the teachings that the road until now gave him and his team on how to introduce and make a cryptocurrency function in the market.

“The big accomplishment is just learning how to have a cryptocurrency in the market, learning how to have a product that can evolve at a reasonable pace, and being able to actually execute on the science, because the science is so very complicated and it’s all new protocols. And being able to actually go from the lab to a specification to code, and have a reasonable vision of how we’re actually going to roll that code out and ship it to people and get it to work. I think that that’s what I’m most proud of.”

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Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting

Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of fraud in connection with the recent coinburn.

Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of acting in a fraudulent manner in regards to their delisting from the exchange following a planned coinburn.

The accusations are portrayed in a letter written on Feb. 26 to the exchange by the Petros Law Group on behalf of the BTCP community, developers and contributors, and published by the Bitcoin Private Twitter profile on March 9.

According to its authors, the letter — which was published the day BTCP was delisted from HitBTC — alleges that HitBTC attempted to extort BTCP following unresolved complications arising from the coinburn.

According to the document, at the beginning of March last year, BTCP was created in a fork from ZClassic (ZCL) and Bitcoin (BTC) with a notice of a future coinburn in its whitepaper: the scheduled event was meant to delete (or “burn”) all the coins which haven’t been claimed (or moved) since the fork. On March 3, 2018, the day after the launch, HitBTC reportedly charged the BTCP team a listing fee of half a million dollars in Bitcoin.

The document includes screenshots of apparently since-deleted tweets in mid-February from HitBTC, which explained to users that since the exchange’s BTCP addresses were created after the fork took place, users won’t be affected by the coinburn.

On Feb. 15, one day before the coinburn was planned to happen, HitBTC reportedly contacted BTCP requesting assistance to protect its users’ funds in a series of emails, which then escalated into a request for compensation of 58,920 BTCP to be given after the coinburn due to expected losses.

However, as the document underlines that BTCP addresses created after the fork will not be affected, the exchange cannot have been concerned about users’ loss of funds, as that situation did not exist. Instead, the document alleges that HitBTC secretly held 58,920 BTCP in a BTCP Segwit wallet, and the concerns over the coinburn were related to the exchange’s personal funds.

The document further claims that BTCP developers informed the exchange that they didn’t intend to accommodate the compensation demand, but did provide technical assistance — shown with email screenshots — meant to help protect the funds from the coinburn.

On Feb. 17, the coinburn reportedly happened, one day after it was forecasted, and on Feb. 21, HitBTC allegedly threatened to pull BTCP support if the coin’s development team did not compensate 58,920 BTCP.

HitBTC has released a statement on its official blog on March 9 stating that the BTCP team was unable to provide a safe way to move the funds before the burn, but that the exchange has compensated all the custody losses. HitBTC has not responded to Cointelegraph’s request for comment by press time.

As Cointelegraph reported in December last year, during the import of Bitcoin chain data, an additional 2.04 million units of altcoin Bitcoin Private were reportedly secretly coined.

The discovery was later confirmed by the coin’s developers, who stated that the findings were mathematically accurate but “at this time, the source, purpose, and recipient of this exploit is currently unknown.”

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Stellar (XLM), Basic Attention Token (BAT) and Waves (Waves) Latest News Summary

XRP’s [third largest coin by market capitalization] first row competitor for currency remittance and cross-border transactions Stellar Lumens (XLM) is standing in the green against the US Dollar reaching a price of $0.08661.

Future

Source: coinmarketcap

Axel Springer SE and SatoshiPay recently announced a partnership that will allow users to pay for digital content published by Axel Springer SE with cryptocurrency stored in the SatoshiPay wallet. SatoshiPay is a London startup founded in 2014 focused on developing solutions to provide frictionless micropayment solutions. Currently, the SatoshiPay platform is developed on Stellar’s blockchain.

The senior president of New Business at Axel Springer SE – Valentin Schöndienst added:

“Blockchain payments can significantly reduce transaction costs and thus enable new monetization systems for content. SatoshiPay offers a turnkey solution that allows us to instantly use blockchain technology and offer it to our customers”.

While on the other hand CEO and founder of Satoshi Pay – Meinhard Benn spoke very highly of Axel Springer noting out the excitement working with a partner who already recognises the potential of block-tech. He also took the opportunity to thank the Stellar Development Foundation team “which supports this cooperation with a seven-figure partnership grant.

Coinsquare, has recently acquired the StellarX decentralized exchange. The team at StellarX made the announcement via medium and stated that they will still continue with the roadmap outlined back in September of last year. Coinsquare also acquired BlockEQ late last year for $12 Million. StellarX will be led by BlockEQ’s co-founder, Megha Bambra,  and will continue to grow and enhance the Stellar ecosystem. – BlockEQ – private stellar wallet.

BAT – Via teaming-up with Tap Network which is a blockchain-concentrated advertising platform, the team behind the famous BAT cryptocoin made it possible for its owners to redeem on choice their tokens for rewards on over 250k brands with giants like Apple, Uber and Starbucks.

The Basic Attention Token, which transacts the token transfers via the Ethereum blockchain, made its debut in the cryptocurrency industry with the target of resolving present marketing and advertising issues with which individuals have to deal with in the particular industry. The above mentioned partnership was first announced during Mobile World Congress on February 2019 by Brendan Eich – CEO of Brave Software.

Waves – The teams at Wirex and Waves (WAVES) have worked together to integrate the digital asset on the popular crypto-debit card platform. Wirext also allows its users to buy, store and manage a variety of cryptocurrencies. WAVES joins the major digital assets of Bitcoin (BTC), Litecoin (LTC), XRP and Ethereum (ETH) on the Wirex platform.

[Wirex] provides extra liquidity for cryptocurrencies and gives investors the ability to convert and spend their crypto instantly with our Wirex Visa card. Investors who buy WAVES through our platform will know they are with a safe, agile, cost-effective service. In addition, our existing users will have another strong and popular token to add to their portfolios. – CEO of Wirex – Pavel Matveev

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EOS (EOS) Torch Awareness Raising Campaign: EOS/USD Price Let Down

Without a doubt during the day crypto-enthusiasts noticed a sudden, while speedy, surge of coin values against the US Dollar on exchanging platforms or price-informing sites which hoisted the total-global market capitalization from $130.5 bln to $133.0 bln.

During the upward movement the fifth largest by market cap Litecoin LTC/USD experienced the a double digit gain standing out among many other famous cryptocurrencies. Right in its tail was EOS [market cap – $3.4 bln ranked 4th] moving fast towards the major $4.00. However, as the buyers were cooling down it did not take much until the pair EOS/USD entered a range while slightly standing on the green most of the last 24-hours.

EOS USD

Just recently, the EOS community has launched an EOS-tech awareness raising campaign via a so called EOS Torch. With the concept of passing the just minted torch-token forward, the project is targeting of gaining bigger attention towards the network.

Even that the two projects do look very-alike by first sight the differences exists. Lightning Toch – users who hold/carry the token add a small amount of BTC while passing it with the means of a test of trust, EOS Torch – no monetary value and no reason to defect the process.

While it will take its own time to reach any parallel level of attention compared to that of Lightning, the EOS Torch’s impact is very much on question by many. The torch-campaign does make more sense for Lightning Network as it is a project that is targeting to make cryptocurrency transactions easier and faster meaning. For EOS, the standing out characteristic is Decentralized applications or DApps and not cryptotransactions.

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Here is What is Driving Binance Coin (BNB) in the Crypto Markets

Moment ago, Binance Coin (BNB) achieved an all time high (ATH) against Bitcoin (BTC) in the crypto markets. The new ATH of BNB is valued at 0.0036626 BTC. Further looking at the USD value, BNB peaked at a recent high of $13.75 and currently up 20% in 24 hours. Investors who had bought the dip on December 15th last year when BNB was at $4.50, are now in the range of 200% in profits.

BNB’s recent ATH. Source, Binance.com

Reasons Why BNB is Ahead of the Rest

Back in late November of last year, Ethereum World News briefly touched on the following fundamental factors that would lead to BNB gaining in the markets in 2019. A few more have been added to the list due to recent developments

  • CZ becoming one of the most interactive Crypto Exchange CEOs
  • Discounts on the exchange apply when using BNB to pay for trading fees. 50% during the first year of operation; 25% during the second (current discount); 12.5% during the third; 6.25% during the fourth; and zero discounts after that
  • BNB being used to support and investing in new projects on the Binance Launchpad. BitTorrent and Fetch have been successful with each selling out in under 30 seconds
  • Incentives for users to hold more BNB such as increment in referral bonuses with more BNB held
  • Use case (adoption) of BNB to pay for goods and services
  • The Secure Assets Funds for Users (SAFU) to cushion clients from glitches at the exchange that might cause financial damage
  • Launch of the Binance DEX testnet and a simulated trading competition with $100,000 in prizes that starts on the 7th of this month
  • Creation of the Binance Chain that will allow BNB to migrate from an ERC20 token to the new blockchain
  • The active Blockchain Charity Foundation which aims at making the process of giving more transparent
  • Quarterly token burn to reduce the total supply to 100 Million BNB from the 200 Million distributed after the 2017 Binance ICO

Recent AMA by CZ

Further expanding on the first point in the above list, Changpeng Zhao held his second livestream on Periscope and Twitter earlier today. In the livestream, he answered a lot of questions from fans and investors. Most of the questions centered on the future plans at the exchange to which a summary of CZ’s responses can be found below.

  • Promises of regular AMA (Ask me Anything) sessions with users of the exchange
  • Delisting of tokens is necessary to uphold standards on the exchange
  • The success of the Binance launchpad is due to good projects. The platform allows them to raise money and awareness through Binance. Token sales selling out quickly means there is demand
  • Binance team continually building despite the bear market
  • High community engagement by CZ, the Binance team and Binance angels (volunteers)
  • One day response to 99% of customer trouble tickets on the exchange
  • BNB becoming the number one ERC20 token outside prominent stablecoins
  • 8 confirmed ERC20 tokens will migrate to the Binance Chain once the Mainnet is launched and more are interested in switching. All projects will become automatic Binance partners thus utilizing all marketing capabilities of the exchange
  • Ease at which founders can create tokens on the Binance Chain platform
  • Advancements of the Trust Wallet that will also automatically support all tokens launched on the Binance Chain
  • The decentralized nature of the Binance community that spans across the globe

The full video of the livestream by Changpeng Zhao can be found in the following tweet.

What are your long term predictions on the value of Binance Coin (BNB)? Please let us know in the comment section below. 

[Feature image courtesy of Unsplash.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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