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Ethereum News and Stellar News

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news.

Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today.

Ethereum (ETH) Dips Below $300

Ethereum (ETH)
Source: CoinMarketCap

Ethereum news today has ETH hitting its year-low of below $300, as the coin took an unexpected nosedive during earlier trading. Ethereum hasn’t traded under $300 since November of 2017.

At press time, Ethereum is trading at $290.24 a coin, down -9.86% in 24 hours. For the week, ETH is down -28.59%, and for the month, the coin is down -32.71%. Year-to-date, Ethereum is down -61.59%.

Ethereum developers are frantically trying to solve Ethereum’s on-going scaling issue, but it seems investors have lost confidence in the coin. This year, however, it has been extremely hard to tell if investors have lost confidence in the project itself or if the coin hasn’t made them the money they were expecting it to make for them.

Many investors entered into the crypto market expecting to make a ton of money—with little research. These sharp falls of digital currencies could very well be investors bowing out of the game because coins aren’t making them what they are expecting them to.

>> Facebook Execs Talk with Stellar Foundation

 Stellar (XLM) Soars

The biggest Stellar news is XLM passing EOS to become the fifth largest cryptocurrency by market cap. Currently, Stellar is ahead of EOS by $50 million in its market cap. At press time, XLM is trading at $0.228 a coin, up 3.24% in 24 hours.

For the week, XLM is down -3.38%, and for the month, the coin is up 13.99%.

>> EOS’s Fourth Global Hackathon Announced for San Francisco

Featured Image: Depositphotos/© stevanovicigor

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Stellar News | Stellar (XLM) Price is Up But Why? Rumors Abound

Stellar (XLM) is currently the only digital currency within the top 13 cryptocurrencies that is seeing any sort of gains on the crypto market today. So is there any Stellar news today?

Stellar Rumors

There has been no official announcement in Stellar news that would have pushed the cryptocurrency into the green, but there are rumors circulating, perhaps enough to boost investor confidence.

Nearly a month ago, Coinbase announced that it was considering adding five altcoins to its platform. The coins that were mentioned were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), ZCash (ZEC), and 0x (ZRX).

One user on Twitter said that there was an email sent around three days ago that made them extremely bullish on Stellar but never disclosed the details of the email.

While these are both suspect, they’re still just rumors; it’s hard to say if they have any influence on the Stellar price today.

Facebook and Stellar

About an hour ago, however, Business Insider announced that Facebook is currently in talks with the Stellar Foundation. This could very well be the reason for the spike in price.

Today, David Marcus, Facebook’s blockchain lead, stated that he would be stepping down from the board of Coinbase. In recent months, he has met with various cryptocurrency projects—like Stellar—on how they could be integrated into the Facebook’s platform.

Facebook has been taking steps into the banking realm, and Stellar’s technology could help them with that.

“[Facebook would] be taking the rug out from under the banks,” an anonymous person from Stellar told Business Insider. “They can add a bank more quickly than a bank could build a social network.”

While these reports aren’t official, they may help to explain the spike in the digital currency today. We will see if Facebook or Stellar make any sort of official announcement on their talks or if this too will remain in the rumor mill.

At press time, Stellar (XLM) is trading at $0.229 a coin, up 7.77% in 24 hours.

>> Is it Game-Over for Bitcoin? This Wall Street Analyst Says Yes

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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.

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Stellar (XLM) & Monero (XMR) Update

Stellar (XLM) & Monero (XMR) – The cryptocurrency market has yet to fully recover after the drop it took this past weekend.

News broke on Friday that Japan will be tightening its cryptocurrency regulations and panic selling occurred dropping the entire market to a 2018 year-low of just over $235 billion. Currently, Bitcoin (BTC) is trading just above $6,000, and Ethereum (ETH) is hovering around the $425 mark.

Let’s a take a look at two popular altcoins and their latest updates.

>> Japan Crypto Taxation

Stellar (XLM)

Stellar has flown under the news radar lately, as it has yet to make any major announcements in 2018 – unlike many of the other altcoins.

However, the Stellar Foundation is still steadily at work building up the Stellar Network. There have been rumors that KIN is looking at using Stellar’s technology for their platform, but nothing has been officially announced yet.

The latest developments from the Stellar Foundation is that the project is working on acquiring Chain. Chain is a San Francisco-based startup company that’s focus is on building smart economies using cryptographic ledgers to improve financial services and products. When finalized, the deal is expected to cost the Stellar Foundation at least 2.2 billion XLM.

Chain then has the option of “HODLing” the coins of liquidating them – which would cause a sharp fall in the price of XLM. With Stellar’s on-going partnership with IBM, it is highly unlikely that the startup will dump the XLM anytime soon.

At press time, XLM is trading at $0.184 a coin, down -4.32%, in 24 hours.

Monero (XMR)

Monero and the other ‘privacy’ coins have been in trouble lately, as governments across the globe are tightening their belt on anonymous cryptocurrencies.

Robert Novy, Assistant Director of the U.S. Secret Service, told the press recently:

“WE SHOULD … CONSIDER ADDITIONAL LEGISLATIVE OR REGULATORY ACTIONS TO ADDRESS POTENTIAL CHALLENGES RELATED TO ANONYMITY-ENHANCED CRYPTOCURRENCIES.”

This isn’t the only issue the project has faced as of late though, as Monero has faced crypto-jacking and compromised mining malware.

Monero-enthusiasts were thrilled when the Monero wallet was launched a few months ago, but it has had its share of complications too. The complaints were not of its security or privacy but on its lack of speed and its user experience design.

It remains unknown what the future holds for Monero and these other privacy coins as governments continue their regulation crackdowns.

At press time, XMR is trading at $126.58 a coin, down -1.71%, in 24 hours. Monero remains the 12th largest cryptocurrency by its market cap.

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