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Stellar Foundation Committed To Growth, Not Price, in New Partnership

Stellar XLM Coinbase 2019

Lost in the news of Coinbase Earn’s Stellar giveaway, which will distribute over 1 billion XLM to investors in exchange for watching educational videos, is the commitment put forth by the Stellar Foundation to tackle the problem of industry adoption.

While investors are right to fixate on Coinbase’s giveaway, which is essentially airdropping over $100 million in XLM for a miniscule amount of effort, the lasting effect of the gesture could pay even greater dividends–for both Stellar and the broader industry of cryptocurrency. According to regular polls of the investors in cryptocurrency and the mainstream market, lack of education and understanding for blockchain, crypto and digital assets is a regular feature among the public.

Coinbase, for what it’s worth, has done its part as an exchange to promote decentralization and the industry of cryptocurrency. While the exchange has taken flak in the past for suspicious market behavior and accusations of insider trading in the hours leading up to new coin listings, the Coinbase has carved a place for itself as a portal of cryptocurrency education. The most recent addition of the XLM coin now partners the U.S.-based exchange with the Stellar Foundation, a nonprofit organization who has a proven track record of pushing the net positive of digital assets.

Cryptocurrency is starting to reach a crossroads in 2019. The ongoing bear market, which some have begun to refer to as a “crypto winter,” has had the effect of shaking out price speculators and other investors looking for an easy path to riches. Instead, the industry has condensed into those advocating for the use of the technology, or at the very least taking an interest in digital assets beyond trading, leaving exclusive investors in the minority.

Barring those looking to recuperate on the severe losses experienced last year, the landscape is becoming more and more saturated with an interest in cryptocurrency–similar to that of a game-changing technology which the internet provided to 1990’s enthusiasts–looking for more than just exchanges to trade coins to no net result.

Coinbase Earn, and the recent partnership with the Stellar Foundation, are putting industry growth and investor education ahead of coin prices. The price of Stellar did not exactly benefit for the move–if anything XLM suffered from the flooding of 1 billion in currency to market investors. But the Foundation behind Stellar is looking long-term. Rather than fretting over the short term price fluctuation that may come from airdropping and the subsequent selloff, Stellar and Coinbase reason that the greatest gain comes from giving investors a reason to hold, and use, XLM.

The five Coinbase modules provide a basic look at XLM while focusing on what the cryptocurrency can and hopes to accomplish. Not only does this provide insight into the workings of the Stellar Foundation, but also gives investors reason to pause before dumping coins for short-term trading, Instead, it extends the use of cryptocurrency to the more casual investors who may only be familiar with Bitcoin, and may not understand the full extent of what cryptocurrency can accomplish on a global scale.

While the Coinbase Earn collaboration with the Stellar Foundation is a welcome crossover between to industry trailblazers, it also provides a standard for other exchanges and coin groups to emulate. Crypto adoption is a multiplier for the entire industry, and by focusing on education, coin projects can do more than just entice short-term investment interest.

The post Stellar Foundation Committed To Growth, Not Price, in New Partnership appeared first on Ethereum World News.

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Stellar XLM, XRP Price Listing Shows the “Coinbase Effect’ is Over

With today’s surprise announcement of Coinbase adding Stellar XLM–and the subsequent disappointing price movement–it’s become more clear that the “Coinbase Effect” has been pruned from the market.

In December 2017, the price of Bitcoin Cash skyrocketed from $2240 to $4330 in the span of 24 hours, constituting a 93 percent appreciation in price in the course of day. While some of that price movement occurred prior to its official listing on Coinbase–leading to the exchange being accused of insider trading–the bulk of BCH’s value increase occurred following its addition to Coinbase.

The end result was the beginning of the “Coinbase Effect,” where cryptocurrency investors looked to the power of the popular cryptocurrency exchange to bring about a significant price boost in new coin listing. In the weeks following the BCH listing, XRP also benefited from an association with Coinbase. While the coin caught fire in the early weeks of January 2018, during which the crypto markets experienced their most bullish period in history, a large part of the investor interest was driven in anticipation of a Coinbase listing. XRP leapt to $3.80 per coin, despite having a 100 billion max supply, and Ripple’s founder Jeb McCaleb briefly jumped to one of the richest men in the world ahead of Amazon’s Jeff Bezos.

However, Coinbase dispelled the rumors of a XRP addition at that point in time, and the price of the currency responded by falling with the rest of the market through 2018’s bear cycle. Even with its most recent listing on Coinbase at the end of February 2019, the price appreciation was nowhere near what investors would have expected a year ago. The price of XRP failed to appreciate more than 7 percent on the day of the Coinbase listing, with most of the gains being lost in the next several days.

As previously reported by EWN, Coinbase made the surprise addition of Stellar XLM to their exchange earlier today, with the official trading set to launch in the early hours of Mar. 15. While some outlets correctly predicted the listing was soon to occur, Coinbase’s association with Stellar XLM has been floating around since last July, when the exchange announced it was considering several currencies–XLM among them–for addition to their platform.

However, the price movement for Stellar XLM since the announcement has been less than lackluster. XLM has managed to decline in price over the last 24 hours, with the currency generating almost no investor interest in the hours following the announcement.

It’s possible that the majority of investment money in Stellar entered ahead of the Coinbase announcement, but the reality is a severe waning in the influence of cryptocurrency exchanges swaying coin price. While Coinbase may have had held the power to cause new coins to nearly double in price a year ago, the importance of exchange-impact, in addition the critical factor of investor FOMO, has subsided with the bear market.

Some industry figures have pointed out that the ongoing “crypto winter” has eradicated market speculators and short-term investors, leaving behind those interest in the technology and industry of cryptocurrency. If the addition of XRP and XLM to Coinbase is any indication, we have seen a maturing in the reaction of investors to pure exchange-driven speculation.

The post Stellar XLM, XRP Price Listing Shows the “Coinbase Effect’ is Over appeared first on Ethereum World News.

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Coinbase Pro Adopts Stellar Lumens (XLM) Weeks After XRP Integration

Stellar Lumens (XLM) Makes It Big

Ripple’s long lost cousin, Stellar Lumens (XLM), has finally been added to Coinbase. In a blog announcement made just hours ago, the San Francisco-headquartered exchange revealed that it had added the crypto asset, one of the most popular tokens in the broader industry,

Starting today, members of the clientele of Coinbase Pro will be able to deposit their XLM coins onto the platform. The deposit period will last 12 hours starting March 13th at 1 PM PST.

Following the 12 hour period, Coinbase will assess whether there is enough liquidity/depth on its USD, EUR, and Bitcoin (BTC) pairs with XLM. The phases that XLM will be launched in are as follows:

  • Post-only — This phase will allow investors and clients of Pro to place limit orders for the XRP trading pairs. Order books will be in post-only mode for a minimum of one minute.
  • Limit-only — This is the final stage before full trading. This phase will see Coinbase’s trading engine matching limit orders, but not market orders.  Order books will be in limit-only mode for a minimum of ten minutes.
  • Full Trading — In the final stage, full trading services will be available, including limit, market, and stop orders.

All users in Coinbase’s supported jurisdictions will be able to trade XLM, save for New York State, whose financial regulators still need to approve the asset’s addition.

It is expected that XLM support on Coinbase.com and the startup’s array of other products will be added within the coming weeks. But, considering that XRP was added to Coinbase.com just days after the Pro listing, users of the former may not be waiting for too long. That’s the hope anyway.

As of the time of writing, Lumens has found itself at $0.11, up 5% in the past 24 hours.

All this comes after XRP was added to Coinbase just a week or two ago.

A Monumental Week For Stellar

All this only underscores the monumental week that Stellar has had in terms of fundamental developments.

The project, heavily utilized by crypto-friendly technology giant IBM, underwent a full redesign last week. Stellar’s logo went from a cartoon-esque rocketship to a sleek, modern, abstract circle design that seems much more 21st century. Funnily enough, in an announcement from the Stellar Development Foundation, founded by Ripple and Mt.Gox creator Jed McCaleb, it was explained that a “cartoon” logo just didn’t make sense for use in formal banking systems, known for its suits.

Crypto startup SatoshiPay has recently revealed that it has partnered with German media outlet Börsenmedien. This business deal will purportedly see the companies harness a Stellar-based solution, which will transfers payments from readers/viewers to the portal.

The post Coinbase Pro Adopts Stellar Lumens (XLM) Weeks After XRP Integration appeared first on Ethereum World News.

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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

The post Stellar (XLM), Basic Attention Token (BAT) and Waves (Waves) Latest News Summary appeared first on Ethereum World News.

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Altcoin Daily Preview: Stellar Lumens—IBM Partnership Indispensable as IOTA Reveal Alpha and Omega, Path to Decentralization

Latest Stellar Lumens News

Thing is, if implemented properly, Blockchain will disrupt businesses, governance systems and even value exchanges. Aside from supply chain management, blockchain is definitely shaping for the banking industry.

It’s because of this that Stellar and Ripple—two firms are merging the possibilities of blockchain based solutions in existing financial architecture with the aim of providing financial services for everyone, everywhere–are hailed as the future of finance and banking.

Read: XRP Architect, Ripple’s Schwartz Harrowed Over Crypto Adoption

While Ripple is better capitalized, Stellar is fast catching up and executing according to their original road map. Encouragingly, there is progress.

The recent launch of Interstellar, Stellar collaboration with IBM back in 2017 many more companies are not hesitating from using the platform’s rail fast-tracking the achievement of one of the company’s tenets: That of advancing global financial literacy, advocating for inclusion and providing cheap cross-border solutions.

XLM/USD Price Analysis

Despite the dip in digital asset prices, XLM has been in range mode for the better part of the year. In fact, just before the recent break below the 15 cents-20 cents main support line, XLM/USD prices were confined in a 15 cents range with caps at 30 cents and floors at 15 cents. Because of this, XLM/USD is trading within a bear breakout pattern and though steady, the path of least resistance is southwards.

Unless otherwise there are gains above Dec 9 highs at 13 cents, bears are likely to drive prices below Dec 6 lows of 10 cents. Once that prints out, it will be inevitable for Stellar to test 8 cents or lower by the end of the year.

However, as it is support is subject to BTC performance and the collapse of the king could send reverberation across the digital asset space.

Our XLM/USD is constant and will be as follows:

Buy: 13 Cents

Stop: 11 Cents

Target: 17 Cents

Latest IOTA News

After days of Coordinator, Coordicide talk and the sober assessment that the platform was to some extent “centralized”, IOTA is moving on towards complete decentralization.

 

The Coordinator is a centralized, protection mechanism shielding the network from double spending. It is a necessary checkpoint in a proof of work mechanism which the network leverage.

Also Read: Swift CEO To Step Down After 7 Years at The Helm

With the decoupling will make re-align the network according to the ideals of Satoshi Nakamoto though there is no mining.

To this end, the IOTA Foundation has unveiled two development teams—the Alpha Team to deal with development within the ecosystem. The Omega team which will see the accomplishment of IOTA’s objectives.

IOT/USD Price Analysis

IOT/USD Price Analysis

From an effort versus result point of view, IOT/USD is technically bullish all thanks to the Dec 7, 1800HRs price surge.

Even if sellers have an upper hand, sellers are literally trying hard to erase gains of Dec considering IOT/USD has been in consolidation mode in the last week. Better still, prices are confined within Dec 7 high-low. Because of this, our buy triggers are set at 25 cents.

If buy momentum pick up and propel IOTA above this level then first target will be at 34 cents or Nov 21 highs. On the reverse side, losses below 20 cents could ignite panic sells towards 15 cents or lower.

This is our IOT/USD trade plan:

Buy: 25 Cents

Stop: 24 Cents

First Target: 30 Cents

All Charts Courtesy of Trading View

This is not Investment or Financial Advice. Do your own Research.

The post Altcoin Daily Preview: Stellar Lumens—IBM Partnership Indispensable as IOTA Reveal Alpha and Omega, Path to Decentralization appeared first on Ethereum World News.

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Altcoin Daily Preview: Tron (TRX) Could Bounce back, CoinBase Prospects Bullish for Stellar Lumens

TRX/USD (Tron)

Latest Tron News

Straight from the announcement of the Tron Accelerator, the launch of Tron Developer Suite and the apparent meltdown of crypto prices, Justin Sun, the co-founder of the platform is now urging developers to migrate from EOS and Ethereum platforms.

Read: Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes

Through a fund that Sun says will “rescue” these developers from imminent “collapse” of their respective platforms, dApp creators would get a boost only if they migrate their work to the Tron Platform.

This is not the first time Sun is throwing sublime jabs at EOS and Ethereum. He has on several occasion been tussling with Ethereum’s Vitalik Buterin who at one time said Tron plagiarized part of its white paper from Filecoin.

TRX/USD Price Analysis

From left to right, prices are negatively sloping meaning the path of least resistance is southwards. But this has been the trend in the last 11 months or so and after tumbling >85 percent, we expect TRX to find support.

At the moment, prices are edging higher in line with Nov 28 bulls and though consolidating within a tight 0.5 cents range, we expect buyers to print higher by the end of the week. The only time we expect bulls is when TRX/USD thrust above our resistance at 1.5 cents–$1.7 cents zone.

Fitting stops will be at 1.4 cents with first targets at 2 cents. Losses below 1.2 cents and 1.3 cents invalidate this plan.

Our TRX/USD trade plan will therefore be as follows:

Buy: Break and close above 1.5 cents

Stops: 1.4 cents

Target: 2 cents

XLM/USD (Stellar Lumens)

Latest Stellar Lumens News

As reported by EWNs, CoinBase—the US based crypto exchange platform has once more announced that it will be exploring 31 digital assets including Stellar Lumens (XLM).

Also Read: CoinBase Pro Lists the ERC20 Tokens of Civic (CVC), DNT, LOOM, and Decentraland (MANA)

This being the second time, the community is pretty excited about the news and could be pointers of what’s to come especially if CoinBase deviates from listing a high supply, low cost pre-mined coin.

Listing on XLM could be attractive for users who would want to diversify waiting for price appreciation now that Stellar has a working relationship with IBM. IBM’s mainframes are still in use by 92 out of 100 global banks and as they have been in service for more than 50 years, an alternative proposed by IBM could easily be adopted even if it means leveraging on the Stellar platform.

XLM/USD Price Analysis

XLM/USD Price Analysis

Stellar Lumens (XLM) is perched at fourth and quite stable in the last few hours. Though XLM is printing higher against the USD, bears are in control. From candlestick arrangement, we expect XLM to print higher and even close above 13 cents triggering short term bulls aiming at 17 cents.

However, since XLM/USD is trending within a bear breakout pattern and prices are below 15 cents, we cannot discount the possibility of sellers stepping up, driving prices below our support zone. If this print out then our XLM/USD will be nullified.

Nevertheless, our short-term XLM/USD trade plan will be as follows:

Buy: 13 cents—Above Dec 9 highs

Stops: 11 cents

First Target: 17 cents

All Charts Courtesy of Trading View.

This is not Investment Advice. Do your Own Research.

The post Altcoin Daily Preview: Tron (TRX) Could Bounce back, CoinBase Prospects Bullish for Stellar Lumens appeared first on Ethereum World News.

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Stellar Lumens (XLM) Price Possibly impacted by IBM’s Announcement: Latest News

It has been one touch week for all crypto-enthusiasts. Especially for those trading for a near term gain as in just two days the whole market capitalization plunged from $239 bln to barely just above $200 bln. The rigorous selling had no mercy. One of the coins that is attempting to get back on its feet is the speedy Stellar Lumens XLM.

Stellar (XLM) Latest

Per time of writing, the pair XLM/USD is the highest gaining for the last day marking 4.42% in the green. Trading just above the $0.2000 level, bulls are battling to take over the major $0.2100 as it is returning for a retest after failing to make it above.

XLM Investing

Source: coinmarketcap

Keeping in mind that Stellar wants to reforge the existing money-transferring system with its platform, its team is working constantly to do so by teaming up with various giants the can support its infrastructure for further expansion. With this mind-setting, it has partnered with the leading-tech firm IBM to develop a Stellar-powered payment solution that aims to compete directly with the solutions designed by other initiatives. Most important competitor being Ripple’s XRP xRapid and xCurrent.

Read Also: Stellar Lumens (XLM) Vs Ripple’s XRP: Round Two

Just recently, IBM announced the new “Blockchain World Wire” which delivers a “new financial rail that can simultaneously clear and settle cross-border payments in near real-time”. Before that, the tech giant made it public how by using the sixth largest coin blockchain technological solutions it is going to develop a stable coin that is supported 1-for-1 with the USD.

“Sending money across borders today requires a series of intermediaries for both clearing and settlement, each adding time and cost to the process. With IBM Blockchain World Wire, clearing and settlement with finality happens in near real-time. The solution uses digital assets to settle transactions – serving as an agreed-upon store of value exchanged between parties – as well as integrating payment instruction messages. It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking”.

The above described stability of the coin could have perhaps even hoisted the complete number of accounts on its ledger going above 1 Million. According to the block explorer for the Stellar network, the exact number of accounts is 1,247,730 at the moment of writing this.

The post Stellar Lumens (XLM) Price Possibly impacted by IBM’s Announcement: Latest News appeared first on Ethereum World News.

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Ripple’s XRP The only in the Green: Signaling the Recovery-Phase?

1,169

Opening up the pages where the token charts and movement patterns are shown and seeing one of the top-leading cryptos in the green is one relief on its own. XRP – the third largest coin by market capitalization introduced by the San Francisco based firm Ripple is in the positive for 2.70% for the last 24-hours.

One Small Step – XRP

Even that many predicted the same faith for XRP to undergo the rigorous selling taking place today also, it is standing quite out. Breaking below a significant bullish trend line with support at $0.3350 on the 2-hours chart of the XRP/USD pair. The pair tumbled and broke the $0.3100 and $0.2900 support levels.

If the gains continue as they are above the $0.2850 making it towards the major $0.3050 it could possibly mark a return above the previous supportive ground.

In a recent research paper made public by Niclas Englesson and Sid John Leopold it was concluded how the USD effects the environment on the Bitcoin network, Visa, Ethereum and XRP. The research was initiated by the motivation of gathering knowledge even deeper when it comes to our daily activities that increase the level of CO2. The greenest coin being XRP.

XRP ETH Coins Trading

On a previous writing about the speedy coin, we elaborated the differences and the war between Ripple’s XRP and Stellar Lumens (XLM) which can be reached here:

Stellar Lumens (XLM) Vs Ripple’s XRP: Round Two
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