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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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Coinbase Updating Coins? Stellar (XLM) & Cardano (ADA) Have Potential

Coinbase updating coins: Three days ago the largest cryptocurrency exchange operating in the United States announced that it is exploring five new cryptocurrencies to add to its platform, including Stellar (XLM) and Cardano (ADA).

Coinbase Updating Coins? Stellar (XLM) and Cardano (ADA) Take Center Stage

Is Coinbase updating coins? In the company’s Medium Post, Coinbase announced that they would be exploring the following assets:

  • Cardano (ADA)
  • Basic Attention Token (BAT)
  • Stellar Lumens (XLM)
  • Zcash (ZEC)
  • 0x (ZRX)

Coinbase addressed that is still in the process of adding Ethereum Classic (ETC) to its platform. The company also explained that the assets listed above will require “additional exploratory work” and it cannot guarantee that these coins will be listed for trading.

Coinbase’s statement explains:

“As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to support these assets. While we cannot commit to when or whether these assets will become available at this time, we will provide updates to our customers about the process and what they can expect via the Coinbase blog and Twitter.”

The major cryptocurrency exchange is making a push towards transparency, as in the past there have been many ‘speculations’ as to what coin will be added next to its platform. The company wants to get in front of these rumors from the start and will be making similar announcements moving forward about any assets it’s exploring.

Ripple (XRP) Rumors Put to Rest

The fact that Coinbase is exploring Stellar (XLM) over the higher ranking Ripple speaks volumes as to the company’s stance on the digital asset. Stellar and Ripple were both co-founded by Jeb McCaleb and have identical structures.

The only difference? Target audience.

Ripple is geared towards larger financial institutions whereas the Stellar Foundation seeks to service everyone – more specifically the unbanked.

There have been endless rumors in the past about Ripple (XRP) being added to Coinbase, which have boosted XRP’s price on numerous occasions but this latest announcement makes it clear – it isn’t happening.

It still remains unknown what the exchange has against Ripple Labs, but we know for sure we won’t be seeing it on the Coinbase platform anytime soon.

>> Crypto World Cup FINALS: Charles Hoskinson vs. Charlie Lee

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Litecoin (LTC) and Stellar (XLM) Drop

The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (LTC) and Stellar (XLM).

Litecoin (LTC)

Two hours ago, Litecoin’s founder, Charlie Lee, tweeted about the latest partnership his company has just finalized.

Token pay acquired 9.9% of WEG Bank. The TokenPAy announcement reads:

“With the prominent addition of Litecoin as a strategic marketing, blockchain technology, and logistics partner in WEG Bank and its long-standing partnership with Verge Currency, TokenPay conservatively anticipates adding several hundred thousand customers to its debit card solutions platform in the near term. Accordingly, the technical expertise provided by Litecoin will be a tremendous benefit to the establishment of comprehensive automation guidelines and standards employed by the bank as it explores new market opportunities.”

In addition to the partnership news, just ten days ago Litecoin Core v.0.16.0 was released. This new upgrade shows major progress of the Litecoin network.

Also, if you’re an investor in the Bay area, there will be a Litecoin summit in mid-September you can attend. Click the link to register!

At press time, Litecoin (LTC) is trading at $76.63 a coin, down -6.77%.

Stellar (XLM)

Five days ago, the Stellar Foundation announced StellarX.

This is the biggest announcement the project has had in months and will be a universal marketplace to trade cryptocurrencies. The trades happen on-chain, and all network fees are refunded.

StellarX will be open to the public this summer, and the team behind the project is currently taking emails down for first-time users wanting to be added to the platform when it’s ready.

The website claims that you will be able to trade for every asset class imaginable, but it remains unknown how much they will charge for each project to get their tokens listed. Many exchanges when first introduced only have a few coins to trade.

Stellar X is said to also have fiat, bonds, and commodities trading on the platform. It will be interesting to see what they have on the platform when it is first released. StellarX will be run on the Stellar ecosystem.

At press time, Stellar (XLM) is trading at $0.195 a coin, down –7.66%, in 24 hours.

>> Victims of the Latest MyEtherWallet Hack: Hola VPN Users

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