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Stellar (XLM) Key-Points That are Hoisting the Coin to Further Success

Without any doubt Stellar Lumens (XLM) is one of the coins that has strongly stood against the erosion of time in the crypto-verse. Its a market of massive funds moving around, however as Stellar withstood the test of time so have various other contenders competing for the top.

Stellar’s Road

Its team’s constant work and upward movement in the number of partnership, has granted Stellar the sixth place by market capitalization passing by Litecoin (LTC).

Continuing with this work flow, the platform is targeting to become the favored bank solution offering crypto in the ecosystem. Parallel with that to demolish Ripple’s XRP.

With the ability to make cross-border transactions more efficiently and speedy with the help of its stable asset Lumens, the network has achieved respect throughout financial institution that need its support.

The relationship between Stellar and Stripe dates more than 4 years back. They are the pioneer partners on the blockchain. At press time, Stripe is said to be getting over 2billion Lumens which is plough back the profits to the Stellar ecosystem. This has opened up Stellar for increased partnerships since it left Bitcoin due to escalating transactions charges.

IBM’s StableCoin

IBM has long been known to be a solid partner of the Stellar organization and plans on using the blockchain to explore the option of creating a cryptocurrency pegged to the US Dollar (a Stablecoin). The computing giant has also been known to be running 9 Stellar nodes around the globe to aid in the settlement of cross border payments.

Veridium

Ethereum World News had highlighted this project that is working on tokenizing the carbon credits economy using the Stellar blockchain. Veridium is partnering with IBM and Stellar to integrate their VERDE Token to simplify the tracking and auditing of carbon credits and the carbon market trading that follows.

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Stellar Lumens (XLM) Making it More Difficult for Ripple’s XRP to Keep Up: Huobi

Finally Bitcoin (BTC) made it past the major $8,000. Very different from previous events, altcoins failed to follow the leader and were unable to break important resistance. For example Ethereum‘s ETH still struggling to go over the $500.00. However, one game changer is on the right path to push other altcoins as it seems as well.

Stellar Lumens XLM

The 6th largest cryptocoin by market capitalization is welcoming a very beautiful day on the 26th of July. The pair XLM/USD is changing hands at $0.3369 with 12.27% increase in the last 24h. The token has almost doubled its price since July 12 when it was trading at $0.18. 70% in two weeks.

The recent hoist could be caused by Huobi – the 3rd largest crypto-exchange. The platform has listed Stellar Lumens token XLM as a trading option. It was let known by a press-release on July 25. XLM can be paired with ETH and BTC on the platform.

“Stellar (XLM) will be launched on Huobi Global on July 25, 2018 (GMT+8). Deposits will be available from 16:30, July 25, 2018 (GMT+8). XLM/BTC and XLM/ETH trading will be available at New Zone from 16:00, July 26, 2018 (GMT+8). Withdrawals will be available from 16:30, July 28, 2018 (GMT+8),” the official announcement reads.

XLM – XRP – Coinbase

Very similar to how things are looking really good for XLM price-wise, it experienced positive development in other sectors recently. With Coinbase announcing that it will explore XLM and other coins as options to be added, the first-row competitor against Stellar – XRP did not take it that well.

Additionally, TransferTo, an international money transfer with presence and outstanding performance in more than 70 countries has aired that it partnered with Stellar (XLM), a significant competitor to Ripple in cross-border money transfer.

The partnership, in a statement by TransferTo, is purposely to brighten the way money is remitted across borders in the world.

“We always aim to be at the forefront of the payments industry, and by partnering with Stellar, our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.” – Aik-Boon Tan, Chief Customer Officer at TransferTo.

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Stellar (XLM) Partnership with IBM Backed By Australian Gov

There are +1,600 cryptocurrencies and platforms out there in the market that each of them presents a solution for the user. Some very user specific, and some in a global scale changing.

The cryptocurrency ecosystem is an on-second excitement trigger as the flux of new inventions that it receives is over-the-roof. That is why many individuals find it difficult to separate good from bad, or a sleeping giant from mere dust.

Stellar XLM

One of them, very worth to mention is Stellar [that goes by the XLM token] which has many arguments supporting to stand upfront over many other altcoins.

Despite the fact that Stellar runs on the same blockchain-tech like Bitcoin does, its advanced speed and resolving transactions within few seconds make it stand out alone.

In another end, Stellar gives users an edge to exchange Lumens with government-supported tenders. What this is saying is that it is possible for you to send fund to your friends in any sphere in a twinkle of an eye, and at the same time, they will receive it without any delay. Interestingly, it is possible they exchange it for any currency.

Money remittance has always been out of reach for the ordinary consumer and the entrance of the various digital currencies has been competing for the marginalized niche that forms the bulk of XLM consumption. With Stellar, banks can adapt their payment systems suit their infrastructural designs to be welcomed by institutional & individuals needs. It is very user friendly and dApp creator-welcoming.

Stellar Teaming Up

Open-source, distributed payments infrastructure Stellar (XLM) is aiming to surpass 3rd largest coin as it teams up with Keybase to improve cross-border transactions. Stellar has revealed that it is working with Keybase, a free security app for mobile phones and computers, to boost cross-border transactions. This is something that Ripple offers through its RippleNet blockchain platform that has over 100 member banks and financial institutions.

However, unlike Ripple, which is a for-profit enterprise, Stellar functions as a nonprofit organisation. Not only that, but while Ripple is considered to operate in a centralised fashion Stellar has taken a more decentralised approach.

Its list of partners is rich as no-other. One of Stellar’s strategic team-up, IBM has been awarded a contract by the Aussie government worth $750 mil. This is a move meant to transform Australia to an e-government using the blockchain technology.

If everything goes by plan, it will rank the nation as one of the leading e-governments to implement blockchain. Accordingly, quantum computing and AI will be set to high priority too.

On top of the cake, the Aussie gov plans to use Stellar’s block-tech to deliver social security welfare while being supported by IBM. Without doubt all the above will raise the token demand and increase the price many times. So keep an eye open for Stellar Lumens XLM as its success is looking very solid.

Trade safely and do not overtrade!

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Stellar (XLM) Price Analysis: Head and Shoulders Reversal Pattern

Stellar formed an inverse head and shoulders on its 1-hour time frame to signal that bulls are ready to charge again. Price has yet to break past the neckline around 0.38, though, to confirm the potential uptrend.

The 100 SMA is still below the longer-term 200 SMA so the path of least resistance is to the downside. However, the gap has narrowed enough to signal a likely upward crossover and return in bullish momentum. The moving averages also seem to be holding as dynamic support.

RSI is pointing down on its way out of the overbought region to signal that sellers have the upper hand. Similarly, stochastic is also heading south so Stellar might follow suit. Both oscillators have some room to go before hitting oversold levels, so bearish pressure could stay in play for a time.

Still, an upside break past the neckline could lead to a rally of the same height as the chart pattern which spans 0.30 to 0.40.

Stellar has been one of the first few altcoins to pull up from the recent dive in cryptocurrencies, signaling that it might have the strongest bullish potential.

Note that Stellar forked from Ripple a few years back but it also offers the opportunity of making cross-border transactions at very low cost but very speedy. It has been able to sign a partnership with IBM to showcase cross-border transfers featuring unique currencies of South Pacific countries by developing a platform supported by Stellar and the use of XLM.

Its recent fork with Kin was being blamed as the main factor for the more recent slide, with Netanel Lev, the Vice President of Research and Development at the Kin Ecosystem Foundation, stating:

“Most crypto projects to date have been technology-driven first and product-driven second. Kin has always been the opposite. After working heads down alongside the best minds in the industry we came to the conclusion that a hybrid solution of Ethereum and our own fork of Stellar would benefit the Kin Ecosystem both short and long-term.”

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Stellar [XLM] with its Consecutive Success Could Dethrone Leading Cryptocurrencies

In the last months, Stellar Lumens [XLM] has been taking center stage almost in a daily basis with its initiatives becoming highlight of the market, to the extend where the firm and cryptocurrency they developed could take on and tackle down various competitors on its way to the top.

The potential of that particular market-conclusion is very high for the most consolidated companies like Ripple or Ethereum, which are feeling the challenge put on by Stellar teaming up with IBM in its most recent development. A plan set in motion that could put its lumen technology on all central banks around the world.

The partnership guarantees the use of Stellar to settle almost instant cross-border payments by digitally connecting fiat currencies on both ends of the transaction. Stellar now becomes a sort of bridge that was earlier occupied by Swift.

With talks of several global Central banks considering issuing their own digital cryptocurrency and given that many of these banks use IBM products and services in their backend, it is only natural to assume that the new crypto by these Central banks will be on the Stellar blockchain.

Still, it is early to determine if that would be the final result, but if so, not only would be a very serious competitive ambush for companies like Ripple, it would also make the price of Stellar grow significantly.

Furthermore, if we rewind a little bit the time we can see the event that set a milestone back in January when the $39 million ICO, Mobius, chose the Stellar network over the one of Ethereum. At the moment the decision responded to the Ethereum security and scalability problems, a great risk that, of course, the Mobius project couldn’t allow to run.

From that point, the vote went for Stellar which promised to raise the number of decentralized applications later on – and as we can conclude now, the promise was very authentic.

Additionally, a flow of migration as been initiated by Ethereum clients who are turning on their radar for a more secure platform; and many do find themselves in contact with Stellar.

Everything started with with the Kin foundation announcing they were adding Stellar as a second platform, a fact that, on many levels let it clear that the Stellar network is simply a better blockchain; and this is not surprising at all, Ethereum appears to be dealing with lots of issues from long ago now – and what’s worse, the solutions haven’t been determined yet.

The decision to go for Stellar was concluded with the argument of reaching an ideal asset for real-time and real-life world use you need a high-scale/speed blockchain, which both are delivered by Stellar.

“All the Kin transactions previously were taking place on Ethereum (ERC20), stepping forward, and the transactions will happen on Ethereum or Stellar. The two blockchains will support Kin in different ways with services operating on the blockchain that is best suited to their needs, as Ted discussed in a recent AMA.” – Kin Foundation

Just a week ago, on the same manner as Kin Foundation, decided to go for Stellar and test its platform, and the result were better than expected; which is proving even more that when clients or developers are turning to Stellar, they are more grateful for what value the platform has for smart contracts making them even happier to stay.

In a time when many are feeling shaky and the confidence level is dropping, it is best to look for a choice which has been showcasing a promising future and Stellar [XLM] could be signaling to do so.

Per time of writing – Stellar XLM/USD is changing hands at $0.2040 with a 24-hours increase of 6.10% leading the BTC market for 2.77 percent, making XLM the highest gainer out of the top-ten cryptocurrency list by market capitalization.

XLM Development

Source: coinmarketcap

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$400K: Hacker Makes Off With Stellar Lumens in BlackWallet Theft

An unidentified thief has reportedly stolen more than $400,000 in Stellar lumens after hacking the digital wallet provider BlackWallet.

According to cybersecurity reearcher Kevin Beaumont, the attacker hijacked BlackWallet’s domain name system (DNS) server over the weekend, adding a piece of code which transferred any deposits of 20 or more lumens into another wallet.

Bleeping Computer reported that the attacker secured nearly 670,000 lumens, worth about $444,000 at press time.

Shortly after stealing the lumens, the hackers began moving the funds out of the wallet they were being stored in. Just under 100 lumens remained in the wallet as of 7:30 p.m. UTC Monday.

A reddit user claiming to be Blackwallet’s creator said in a statement that his hosting provider account had been compromised, which led to the hack. He went on to say he had contacted his provider and asked for the site to be taken down.

As of press time, BlackWallet was inaccessible.

The site’s creator said a large amount of the stolen funds were sent to an account at the cryptocurrency exchange Bittrex. While he tried to contact the exchange, it is unclear whether Bittrex has frozen the stolen funds.

In the statement, the creator said:

“I am sincerely sorry about this and hope that we will get the funds back. I am in talks with my hosting provider to get as much information about the hacker and will see what can be done with it.”

Broken lock image via Shutterstock

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