|Day's range||0.041 - 0.041|
|52-week range||0.0407 - 0.1233|
|Volume (24 hrs)||142.07M|
|Volume (24 hrs) all currencies||142.07M|
Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering.The post Coinbase’s Visa debit card adds support for DAI stablecoin appeared first on The Block.
Stellar (XLM) experienced a significant 9% dump this week as the positive momentum from last week's token burn faded away. Overall, the cryptocurrency seems to be stabilising after price fell from over $0.08 to around $0.073, where it currently sits. Will Stellar Lumens recover and surpass its yearly high? Or will XLM continue its long-term trend to the downside? Let's take a look at the chart. At the start of the month, XLM pumped from $0.07 to close to $0.09. The cryptocurrency has since experienced a correction back to around $0.075 and is now trading between its 50-day and 200-day EMAs. Stellar's price spiked as a result of an unexpected token burn carried out by the Stellar Foundation. 55 billionThe post Latest Stellar price and analysis (XLM to USD) appeared first on Coin Rivet.
Cryptocurrency exchange Coinbase’s Visa debit card has today added support for XRP and four more coins. The four coins are Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX), Coinbase Card announced Thursday.The post Coinbase’s crypto Visa debit card adds support for XRP and 4 more coins appeared first on The Block.
The Stellar Development Foundation (SDF) has burned a total of 55 billion Lumens (XLM), worth $4.4 billion, in a push to reshuffle its development strategy. The post The Stellar Foundation has burned over 50% of the total XLM token supply, canceling airdrop programs appeared first on The Block.
Yesterday, Stellar Lumens carried out a massive and unexpected XLM token burn. According to the Stellar Development Foundation, “a diverse family of entrepreneurs, developers, innovators, thinkers, and builders” gathered in Mexico City and apparently decided there were too many XLM tokens in circulation. So, they went ahead and burned 55 billion. What happened next? The need for a 55bn Stellar token burn The general thesis circulating the cryptocurrency community is that token burns are enormously effective at increasing value. They restrict the supply of the altcoin in question which then positively impacts its price due to the basic laws of supply and demand. According to the foundation’s blog post, its community collectively decided: “In time and after a lot ofThe post Does Stellar’s 55bn token burn disprove the deflationary thesis? appeared first on Coin Rivet.
Gauntlet has announced that it is partnering with Stellar, Celo, and Compound to help the teams behind the protocols "design, launch, and scale new financial systems." Gauntlet provides consulting and stress-testing services for businesses building blockchain networks.The post Gauntlet announces partnership with Stellar, Celo, and Compound appeared first on The Block.
The Stellar Development Foundation (SDF), the non-profit organization that supports the development of the Stellar blockchain network, has proposed to disable the inflation mechanism from its protocol.The post Stellar Development Foundation proposes to disable inflation mechanism from its protocol appeared first on The Block.
Binance unveiled its new cryptocurrency staking platform on Thursday. The exchange will initially support eight assets: NEO, ONT, VET, XLM, KMD, ALGO, QTUM, and STRAT.The post Binance launches staking platform with 8 assets appeared first on The Block.
Binance.US, the U.S. arm of the exchange giant, announced today that it will allow customers to deposit five additional cryptocurrencies. At launch tomorrow, the exchange will support six cryptocurrencies and one stablecoin - Bitcoin, BNB, Ethereum, XRP, Bitcoin Cash, Litecoin and Tether.The post Binance.US to start accepting deposits for Stellar, Cardano, Ethereum Classic, BAT and 0x appeared first on The Block.
Stellar Lumens is planning another huge giveaway after pledging to airdrop $120 million worth of its premined XLM token to users of messaging app Keybase. This is not the first time the five-year-old cryptocurrency has given away tokens. Coin Rivet reported on the company's $125 million giveaway in November, which at the time was dubbed the world's "biggest ever consumer giveaway". According to an official announcement on the Stellar blog, more than two billion XLM tokens will be airdropped to Keybase users. All users will have to do is authenticate their Keybase account and wait for the monthly airdrop to arrive. NEWS! The Stellar Development Foundation is securely distributing 2,000,000,000 Lumens (~$120 million USD) using Keybase. It's easy to collectThe post Stellar pledges to give away $120 million in XLM to Keybase users appeared first on Coin Rivet.
Franklin Templeton Investments, a global investment fund with nearly $700B in assets under management, has filed a preliminary prospectus with the SEC for a government money market fund whose shares will be tokenized on the Stellar network.The post Franklin Templeton proposes tokenized government money market fund on Stellar Network appeared first on The Block.
Binance Coin (BNB) is currently trading at around $27 following an 8% dump earlier in the week. Overall, price has been on a downtrend since July, but BNB has still managed to stay above its 200-day EMA. The price of BNB came crashing down toward the end of June, dropping from around $40 to fall back below its 20-day and 50-day EMAs. Price hit a low of $24 before recovering towards the $28-$30 region. Let's take a look at the chart for BNB. Buyers are clearly supporting the $27 price level, but BNB is struggling to break the level of resistance around its 20-day EMA, with price being rejected from that level three times over the last month. With theThe post Latest Binance Coin price and analysis (BNB to USD) appeared first on Coin Rivet.
The foundations and firms behind five blockchain protocols - Ethereum, Tezos, Stellar, Oasis and NEAR - have partnered with an online hackathon event to make blockchains and cryptocurrencies “useful and usable.”The hackathon, organized by design firm IDEO’s business unit IDEO CoLab, and token sale platform CoinList, starts on Aug.The post Ethereum, Tezos, Stellar Foundations back a hackathon to make crypto ‘useful and usable’ appeared first on The Block.
Binance has inadvertently been earning staking rewards from Stellar. After introducing wallet changes recommended by the Stellar team, Binance discovered it had already generated 9,500,000 XLM ($775,000 USD) for staking since Aug.The post Binance unknowingly generates $775k from staking Stellar; will share proceeds with community appeared first on The Block.
The U.S. Securities and Exchange Commission (SEC) is getting ever more serious about blockchain data. While many of the world's governments and politicians focus on Facebook's recently introduced Libra and data sharing among virtual asset providers, the SEC is seeking more data on public blockchains.The post SEC seeks blockchain data provider to monitor risk, improve compliance, and inform policy appeared first on The Block.
Cryptocurrency asset manager Bitwise and Swiss fintech company Amun AG have launched a new exchange-traded product (ETP) on Switzerland’s top stock exchange SIX, and it promises to offer diversified liquid exposure to the nascent digital market. The post Bitwise, Amun launch a new crypto ETP on Swiss stock exchange appeared first on The Block.
Rep. Eric Swalwell will let people donate to his presidential campaign with cryptocurrency—and he's the second candidate to do it.
Stellar network went down at 4:15 p.m. ET for nearly two hours Wednesday as enough nodes "stopped for various reasons" and the network halted.The post Stellar was down for 2 hours "caused by being too decentralized too fast" appeared first on The Block.
London-based digital finance company Wirex has announced it is to team up with Stellar to release 26 fiat-backed stablecoins for its users and business clients. The first stage of the collaboration sees the launch of Stellar’s native asset – Lumens (XLM) – to the Wirex platform, where it joins 19 other digital and traditional currencies that can be converted and spent using the Wirex Visa card. The co-founder of the FCA regulated organisation – Pavel Mateev – described the partnership as a ‘thrilling opportunity’. “Joining forces with Stellar makes perfect sense for us,” he said. “Both companies share a greater goal – encouraging the mass adoption of digital currencies and transforming the way people make payments. “We are thrilled to The post Wirex teams up with Stellar appeared first on Coin Rivet.
Giveaways in the industry of cryptocurrencies have always been straddled with issues. We had the ETH scam-bot giveaways whereby they would appear on famous Twitter feeds requesting ETH and promising to return more. We had the Waltonchain giveaway to its own employee. And now, we have Justin Sun giving away Tesla cars to, well, no one. This doesn’t mean that all giveaways in the cryptocurrency industry are scams. Stellar gave away plenty of their token when they partnered with blockchain.com. Even Coin Rivet has run a competition, but in doing so we have proven that this was an actual, legitimate competition. Other competitions or giveaways are quite clearly bogus though. The ETH scams that ran during the bull run were The post A healthy scepticism of Twitter giveaways appeared first on Coin Rivet.
Coinbase Earn is giving away one billion Stellar Lumens (XLM) tokens from the Stellar Development Foundation to millions of eligible (and initially US-based) users to teach them about the Stellar protocol. If you aren’t a Coinbase customer but want a part of the free $100 million airdrop, giveaway hunters can also sign up to a waitlist to get access to the program. To receive the first $10, users will need to complete five lessons that each unlock $2 worth of Stellar, which is calculated live based on the spot value of XLM at the time. Today we’re launching our biggest Coinbase Earn opportunity yet. Any eligible US user can now learn about the Stellar protocol while earning up to $50 of XLM: https://t.co/omqa0Xuqhd pic.twitter.com/QNne9mScX9 The post Stellar and Coinbase’s $50 giveaway program looks like a pyramid appeared first on Coin Rivet.
More than 2.2 billion Lumens (XLM) were created in April 2017 by an attacker exploiting a bug in Stellar's code, according to a report by Messari.The post Report: Stellar suffered a 2.2 billion XLM inflation bug in 2017 appeared first on The Block.