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Stellar (XLM), Cardano (ADA), and TRON (TRX) Ride the Wave

The cryptocurrency market is seeing a lot of green today, as Bitcoin (BTC) continues to climb in price on its 10-day bull run. Bitcoin reached a price of over $8,200 today, the first time this has happened since mid-May. The rest of the altcoins in the 15 have followed suit and are all seeing percentage gains today. Let’s take a closer look at Stellar (XLM), Cardano (ADA), and TRON (TRX).

Stellar (XLM)

Last week, IBM announced that it would be supporting a new stable coin dubbed the ‘Stronghold USD.’ This new Tether competitor was launched on the Stellar network and has finally given investors insight as to what the working relationship between IBM and Stellar was all about.

IBM first initiated its partnership with Stellar Labs back in late 2017. Since the stable coin announcement, XLM has been on an upward trend. Currently, it sits as the sixth largest cryptocurrency by market cap.

At press time, Stellar (XLM) is trading at $0.300 a coin, up 5.47% in 24 hours. For the week, XLM is up 20.48% and for the month, the cryptocurrency is up 51.51%.

Cardano (ADA)

Charles Hoskinson, Cardano’s co-founder, is on the road again but has provided Cardano enthusiasts with a short update on Cardano’s latest developments.

Hoskinson addresses Prometheus, the backend toolbox that will power multiple wallets. ‘Project Prometheus’ is setting up its own team on this project and will ensure the properties of the platform are carried over for development of mobile wallets, light wallets, and embedded devices.

Hoskinson also informed investors about the Plutus project and says that the team has been growing rapidly. The Plutus team has active efforts being made to use complex computer languages to make Cardano bigger and better. The goal of Plutus is interoperability. In the video, Hoskinson also addresses sidechains and smart contract development on Cardano.

At press time, Cardano (ADA) is trading at $0.173 a coin, up 3.61% in 24 hours.

TRON (TRX)

News broke of Justin Sun acquiring BitTorrent around June 12th, but the project hadn’t officially confirmed it until today. As per Justin Sun’s tweet, BitTorrent holds over 100 million active members, and they are all now a part of the TRON ecosystem.

TRON (TRX) has been struggling on the market lately, but this news boosted its price a bit. TRON remains the 11th largest cryptocurrency by market cap. At press time, TRX is trading at $0.0377 a coin, up 8.91% in 24 hours.

>> TRON Confirms Acquisition of BitTorrent: Welcome to the Fam!

Featured Image: unsplash/© Jeremy Bishop

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Stellar (XLM) & Cardano (ADA)

The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market. We’ll be checking in on Stellar (XLM) and Cardano (ADA) for the latest project updates.

Stellar (XLM)
Source: CoinMarketCap

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain- and crypto-related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, most coins in the top 100 are in the green, and some are seeing major percentage gains. Let’s take a closer look at the coins leading the market this morning.

Stellar (XLM)

Stellar (XLM) is currently leading the top 50 coins for highest percentage gain on the market today. At press time, XLM is trading at $0.295 a coin, up 28.12% in 24 hours.

Nearly 24 hours ago, the Stellar Foundation announced that Stellar was the first distributed ledger protocol to receive a Sharia compliance certification in the money transfer and asset tokenization space. The Shrariyah Revier Bureau (SRB) is the leading international Sharia advisory agency licensed by the Central Bank of Bahrain.

SRB and Stellar’s new partnership means that the Stellar ecosystem can now reach regions where financial services require compliance with Islamic financial principles. Stellar technology can now be integrated into Sharia-compliant product and service offerings in these following countries:

  • Bahrain
  • Indonesia
  • Kuwait
  • Malaysia
  • Oman
  • Qatar
  • Saudia Arabia
  • UAE

On top of this great news for the Stellar ecosystem, IBM announced that a “crypto dollar” could be the key to blockchain payments and one day a fed coin.

IBM has had a long-standing working relationship with the Stellar Foundation, and the new Stronghold platform was built on Stellar. Stronghold has just launched a new stable coin called ‘Stronghold USD.’ This new coin will be in competition with Tether (USDT).

>> Stellar & Cardano Considered by Coinbase

Cardano (ADA)

Input/Output (IOHK), the company behind the project Cardano, provided its loyalists with an in-depth update on the Shelley Project. Liz Bancroft-Turner, project manager of Shelley, discussed how the project has been broken down into smaller workstreams, which makes sure each piece of the project is completed without flaw and achieves the main goal of the project – the complete decentralization of Cardano.

Earlier this month, Cardano’s co-founder, Charles Hoskinson, confirmed that Shelley would be released before the end of April 2019, with hopes that it could be released by the end of this year.

If you’d like to view the transparent and one-of-a-kind active Cardano roadmap, you can do so here. The roadmap shows you what is currently being worked on in the Cardano project, what developer is working on it, and its completion percentage.

At press time, ADA is trading at $0.181 a coin, up 19.63% in 24 hours.

Featured Image: Marina

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Stellar (XLM) & Cardano (ADA) Lead the Crypto Market

Stellar (XLM) & Cardano (ADA) – The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market.

Total Crypto Market

Source: CoinMarketCap

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain and crypto related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, mostly all coins in the top 100 are in the green, and some are seeing major percentage gains. Let’s take a closer look at the coins leading the market this morning.

Stellar (XLM)

Stellar is currently leading the top 50 coins for most percentage gains on the market today. At press time, XLM is trading at $0.295 a coin, up 28.12%, in 24 hours.

Nearly 24 hours ago, the Stellar Foundation announced that Stellar was the first distributed ledger protocol to receive a Sharia compliance certification in the money transfer and asset tokenization space. The Shrariyah Revier Bureau (SRB) is the leading international Sharia advisory agency licensed by the Central Bank of Bahrain.

SRB and Stellar’s new partnership means that the Stellar ecosystem can now reach regions where financial services require compliance with Islamic financial principles. Stellar technology can now be integrated into Sharia-compliant product and service offerings in these following countries:

  • Bahrain
  • Indonesia
  • Kuwait
  • Malaysia
  • Oman
  • Qatar
  • Saudia Arabia
  • UAE

On top of this great news for the Stellar ecosystem, IBM announced that a “crypto dollar” could be the key to blockchain payments and one day a fed coin.

IBM has had a long-standing working relationship with the Stellar Foundation, and the new Stronghold platform was built on Stellar. Stronghold has just launched a new stable coin called “Stronghold USD.” This new coin will be in competition with Tether (USDT).

>> Stellar & Cardano Considered by Coinbase

Cardano (ADA)

Input/Output (IOHK), the company behind the project Cardano, provided its loyalists with an in-depth update on the Shelley Project. Liz Bancroft-Turner, project manager of Shelley, discussed how the project has been broken down into smaller workstreams, which makes sure each piece of the project is completed without flaw and achieves the main goal of the project – the complete decentralization of Cardano.

Earlier this month, Cardano’s co-founder, Charles Hoskinson, confirmed that Shelley would be released before the end of April 2019, with hopes that it could be released by the end of this year.

If you’d like to view the transparent and one-of-a-kind active Cardano roadmap, you can do so here. The roadmap shows you what is currently being worked on in the Cardano project, what developer is working on it, and its completion percentage.

At press time, ADA is trading at $0.181 a coin, up 19.63%, in 24 hours.

Featured Image: Marina

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Cardano (ADA) | Finally Makes CoinDesk Headlines

Cardano (ADA) has finally made headlines at cryptocurrencies’ first news source, CoinDesk. Cardano’s co-founder, Charles Hoskinson, believed that CoinDesk was holding a “blackout” on Cardano for the longest time, but it seems that may be over now.

Cardano (ADA)

Just after ADA was released in October of 2017, Cardano quickly rose to the top ten cryptocurrencies and has remained there ever since. Input/Output (IOHK) fully funds the Cardano project, which means a flashy ICO to amp up ‘hype’ was unnecessary. The project silently rose without flashy endorsements or ‘potential’ partnerships. Frankly, the coin/project came out of nowhere, and I think that was the plan.

Cardano’s project is based on peer-reviewed research, and every single detail of its platform is tested thoroughly before it’s released to the public. Cardano’s code was built from the ground up, and the project and team pride themselves on transparency. Cardano provides an ongoing and continuously updated roadmap that shows which developer is working on what and its current completion percentage.

CoinDesk

Giving the publication and its writers the benefit of the doubt, maybe the journalists felt there wasn’t enough news to publish a Cardano piece just yet, or they didn’t understand it.

Well, the publication almost got it right, except for the fact that they quoted Charles Hoskinson’s long-time nemesis Dan Larimer in the article.

The co-founder’s frustration with the publication is understandable, as many smaller blockchain projects made CoinDesk news before Cardano. Still, as the project progresses in its development, I suspect more articles in the future.

>> Crypto World Cup Day 23: Charlie Lee vs. Justin Sun

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Stellar (XLM), Cardano (ADA), and Tron (TRX)

The cryptocurrency market surged towards the second-half of the week but will most likely end Friday in the red. At press time, the total cryptocurrency market is trading just below the $270 billion mark. Some of the coins with movement today include Stellar (XLM), Cardano (ADA), and Tron (TRX).

Let’s take a look at these three altcoins and their progress this week.

Stellar (XLM)

Stellar just made a huge announcement via Twitter less than a day ago. The project has been flying under the radar this year with its movements, but its recent unveiling of StellarX is huge news for the non-profit.

StellarX is a peer-to-peer marketplace that is free to use. It will be open to the public this summer and users are able to get on a waitlist. It will be listing far more assets than just XLM and will be run on the Stellar universal order book. There will be no middlemen or miners, and the trades occur directly from wallet-to-wallet.

At press time, Stellar (XLM) is trading at $0.204 a coin, down -2.92%, in 24 hours.

Cardano (ADA)

Charles Hoskinson, co-founder of Cardano, released a new update on Cardano just two days ago.

The video has pulled in nearly 22K views, and the new way of updating the Cardano community is being received well. The Cardano project puts out weekly technical reports, but it seems investors like a more personal video update instead.

Cardano has just updated its interactive roadmap and has added a new language called Marlowe. Marlowe is a financial domain specific language (DSL) and will allow businesses to execute financial smart contracts on the Cardano infrastructure. The language is currently 30 percent complete.

There were many other updates discussed in the video above, regarding all the things the dev team at Cardano are working on.

At press time, Cardano (ADA) is trading at $0.145 a coin, down -4.61%, in 24 hours.

Tron (TRX)

Tron went through with its ‘independence day’ on June 25th, but it seems all of the exchanges have yet to complete the token migrations. It was anticipated that it would only take a short amount of time for each exchange to complete the process, but it may end up taking weeks.

Currently, the exchanges that have completed the token swap include:

  • Bjex
  • Bitforex
  • Cobo
  • Coinfalcon
  • Gate.io
  • Huobi
  • OKEx
  • Upbit

TRX has declined to the 12th largest cryptocurrency as a result of this. It remains unknown what will happen with the price of TRX when all exchanges open TRX withdrawals and deposits.

At press time, Tron (TRX) is trading at $0.0366 a coin, down –5.93%, in 24 hours.

>> Venezuela Wants to Use Its Petro Cryptocurrency to House the Homeless

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