Top Losers: Tron [TRX] falls by 8%, while BCH and Stellar plummet by 6% and 5% owing to market correction

After the massive bull run witnessed last week, the cryptocurrency market underwent significant price corrections, with several tokens plummeted in value. Bitcoin Cash [BCH], Tron [TRX] and Stellar [XLM] were the biggest losers of the market, with the bears ravaging the three cryptocurrencies.
Source: CoinMarketCap
Tron [TRX]
Tron suffered the most in the top 10 cryptocurrency list after falling by 8.02% over the past 24 hours. The token recorded a market capitalization of $1.8 billion, with the 24 hour trading volume recorded at $520 million. The token was priced at $0.0277, at press time.
TRX was highly traded on OKEx exchange, where it garnered 12.65% of the entire trade volume. It was followed by BitForex, where the virtual asset contributed to 7.05% of the trade volume.
Source: CoinMarketCap
Bitcoin Cash [BCH]
Bitcoin Cash [BCH] enjoyed a relatively lucrative bull run when Bitcoin surged. However, the coin’s price fell massively over the day. Bitcoin Cash [BCH] recorded a fall of 6.30% over the past 24 hours, while the market capitalization was $5.04 billion, at press time. The coin was priced at $284.69 and the 24-hour trade volume was $1.5 billion.
The coin was traded most on OEX exchange, where the token recorded a trade volume of $199 million, 12.08% of the entire trade volume. OEX was followed by OKEx, contributing to 7.14% of the trade volume.
Source: CoinMarketCap
Stellar Lumens [XLM]
Source: CoinMarketCap
Finally, Stellar [XLM] completed the list of top losers after falling by 5.18% against the US Dollar. The market capitalization was around $2.3 billion, with the 24 hour trade volume recorded to be $350 million.
BCH, TRON, and Stellar rode the bull wave last week. However, the tokens have since fallen in value after market correction forces allowed the bears to ravage the coins.
The post Top Losers: Tron [TRX] falls by 8%, while BCH and Stellar plummet by 6% and 5% owing to market correction appeared first on AMBCrypto.
Source: AMB Crypto

XRP vs. Stellar Lumens [XLM] Price Analysis: XLM prices perform better than its rival, XRP

XRP and XLM joined other altcoins and pumped on the back of Bitcoin’s sudden surge. XRP and XLM continued the same trend, at press time.
The price of XRP was $0.36 with a market cap of $14.9 billion, while the price of XLM was $0.128 and the market cap was hovering at $2.45 billion, at press time. XRP, the third largest cryptocurrency by market cap, was facing competition from XLM after Stellar and IBM partnered with a vision to develop a cross-border payments system.
Ripple’s xRapid already has 200+ partners signed up to use Ripple’s blockchain technologies. However, a few of these use xRapid technology to transfer funds across borders by leveraging XRP. World Wire, developed by IBM in tandem with Stellar, will do the same things as xRapid, but is currency agnostic and hence, any currency, including XLM, can be used.
XRP 1 Day chart
Source: TradingView
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a falling downtrend and an uptrend, which indicated XRP prices heading into the consolidation phase or sideways movement.
The Chaikin Money Flow crossed the zero-line to the bottom, indicating that money was flowing out of the market.
The Relative Strength Index was above the 50-line, indicating higher buyers’ momentum.
XLM 1 Day chart
Source: TradingView
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator for XLM showed a rising downtrend, while the uptrend i.e., the Aroon green line was collapsing. This indicated an increase in the strength of the downtrend.
The Chaikin Money Flow for XLM was above the zero-line, indicating steady money flow into the XLM market since 1 February, 2019.
The Relative Strength Index was above the 50-line, indicating that the momentum was skewed towards the buyers.
Conclusion
XRP indicated that it was going into a consolidation phase after the recent pump, while XLM prices were holding up well and indicated a slightly bullish trend, as confirmed by Aroon, Chaikin Money Flow and Relative Strength index indicators.
The post XRP vs. Stellar Lumens [XLM] Price Analysis: XLM prices perform better than its rival, XRP appeared first on AMBCrypto.
Source: AMB Crypto

XRP and XLM Price Analysis: Rival coins show bearish pressure of slightly different magnitudes

XRP and XLM became rivals ever since IBM and Stellar launched World Wire, a direct competitor to Ripple’s xRapid. However, the prices of XRP and XLM seemed to be stagnating.
The price of XRP dropped by approximately 7% over four days and broke two major supports. XLM dropped by 11% in the same timeframe and also broke its immediate supports.
At press time, the 24-hour price change showed that XRP was down by 1.92% and that XLM was down by a massive 5.10%.
The price of XRP was $0.3038, with a market cap of $12.62 billion. The price of XLM was $0.10, with a market cap of $1.92 billion.
XRP
Source: TradingView
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a rising downtrend, suggesting a bearish pressure looming over XRP.
The CMF was below the zero-line, which also indicated a bearish pressure and an outflow of money.
The Relative Strength Index showed a dipping line, indicating buyers’ waning momentum.
XLM
Source: TradingView
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator showed a declining uptrend, while the downtrend showed complete exhaustion. This suggested a consolidation in play.
The CMF indicator pictured declining money influx into the XLM market.
The Relative Strength Index for XLM was similar to that of XRP, with the buyers’ momentum waning.
Conclusion
Strong bearish pressure was seen for XRP in the daily chart, as indicated by Aroon, CMF, and RSI indicators. The XLM daily chart showed a slightly bullish trend owing to the projections made by its indicators.
The post XRP and XLM Price Analysis: Rival coins show bearish pressure of slightly different magnitudes appeared first on AMBCrypto.
Source: AMB Crypto

Coinbase and Stellar Announce $100 Million Worth of XLM Rewards

Stellar joins the Coinbase Earn platform that pays users to learn about cryptocurrencies. One Billion Stellar Lumens (XLM) will be rewarded to the users who take the learning initiative.
The project will essentially roll out about $100 million worth of cryptocurrencies at the current XLM price ($0.107). These funds are being provided by the Stellar Development Foundation (SDF), a nonprofit organization that helps develop the Stellar protocol.

We're excited to launch as Coinbase’s largest Earn partner to-date. Learn more here: https://t.co/YTn4MrP8yW
— Stellar (@StellarOrg) March 26, 2019

Eligibility Criteria
The program will currently reward only US customers for the initiative. Stellar Lumens worth $10 will be awarded to the Coinbase user who completes the tutorial and correctly answers a couple of questions based on the tutorial.
International customers can learn from the videos. However, they won’t be rewarded for their efforts like the US customers of Coinbase.
The US users also stand a chance to earn $40 by inviting friends to take up the initiative; Each successful referral would make $10.
Drive to Promote Development on the Stellar Network
Stellar provides a platform for the developers to integrate the current financial system on Blockchain using the Stellar Protocol.  It also aims “to tokenize existing assets and currencies such as US dollars and euros.”
The Stellar Network is primarily built on the unified ledger concept of Bitcoin based on Stellar Consensus Protocol. Hence, by promoting the learning initiative, the Foundation aims to attract the developers to build tokens and assets on the Stellar Network.
The blog post by Coinbase concluded with a positive note about the Stellar Network and also the XLM token.
“Coinbase’s mission is to create an open financial system for the world…Stellar’s goal of connecting banks, payment systems, and people more efficiently than today’s financial infrastructure is an example of how crypto can help achieve this vision.”
Please share your feedback on the program. Will the program earn enough community support for the Stellar Organization? 
The post Coinbase and Stellar Announce $100 Million Worth of XLM Rewards appeared first on Coingape.
Source: CoinGape

BTC, LTC, XRP and the Altcoin Market Reaches the Same Critical Point with Mixed Signals

Bitcoin continues to struggle around the $4000 as the altcoins have also taken a laid back approach after a reasonably good start to the year. The total market capitalization of the cryptocurrency markets looking to break the $140 billion resistance.

Will the total #cryptocurrency market cap break 140 billion dollars? pic.twitter.com/O250cmtZ0U
— TEDDY 🌐 (@teddycleps) March 20, 2019

The dominance of altcoins has also increased slightly by 2-3% since the beginning of the year. As the Bitcoin and the altcoin markets struggle to cross significant yearly resistance, there is a technical similarity observed in the charts of Bitcoin and a couple of altcoins.
Litecoin
Litecoin which has gained 5% since its ascended from $55 looking to break the $60 mark is looking at the formation of a cup and handle pattern graph on the 24-hour scale.
A resistance is formed near the 0.01488 BTC, if broken, will be looking at gains to the tune 20%. A break above the $60 mark on the LTC/USD chart would sentimentally reaffirm the bull signal for the traders which LTC has struggled to break past.
LTC/BTC 1-D chart on Bittrex
Bitcoin Cash (BCH) and Stellar Lumens (XLM)
These were to top performing coins ranked in the best ten cryptocurrencies by market capitalization. The graph of BCH/BTC shows similar characteristics with the total market cap graph where the yearly resistance is being tested. Bitcoin Cash (BCH) has gained more than 15% over the week.
Coinbase.com added support for Stellar Lumens (XLM) on 18th March 2019, along with IBM’s partnership with six new banks to integrate into the Stellar enabled World Wire platform. The price of stellar gained almost 10% on the following day.
XRP Losing Steam Altogether?
Apart from Bitcoin, there is one cryptocurrency which has also maintained stability from the two months. The volatility in XRP over the same period has been limited in the $0.319 to $0.30 range with isolated days with a high of $0.34 or a low of $0.29. The price action in XRP has been cold since the beginning of the year.
XRP/BTC 1D chart on Bittrex
Furthermore, the daily chart of XRP suggests bearish momentum. The 200-Day Moving Average line is looking to cross the 50-Day Moving Average. The price has also formed a long term support near 0.0007914 BTC, which if broken downwards could revive string bearish sentiments.
Bitcoin’s Stable Dominance
Finally, Bitcoin recently broke the $4000 mark. Furthermore, Bitcoin has been looking to break past the $4100 resistance since a quarter.
Bitcoin continues to maintain a stable price of around $4000 from the past week. Moreover, it was trading near 3900 dollars during the week before that. Therefore, the price action on Bitcoin is still subsided; the traders seemed to have adopted a neutral attitude.
There are a couple of bullish indicators, both: fundamental and technical as the 50-Day Moving Average seems to cross the 100-Day Moving Average. However, the RSI signal is towards the over-bought region.
BTC/USD 1D chart on Bittrex
Some of the other coins which made the news are Enjin (ENJ) coin, Tezos (XTZ) and Zcash (ZEC). While Enjin continues to rise since its association with South Korean Conglomerate Samsung, XTZ is nearing 50% over the week. XTZ is trading at $0.655, 10% higher on the daily index at 16 hours UTC on 21st March 2019.
Bitmain released a new Antminer Z11 to mine Zcash which has three times the capacity of the current hardware. The miners were apparently sold out in minutes; the positive sentiments for the privacy-centric payment token increased considerably.
The post BTC, LTC, XRP and the Altcoin Market Reaches the Same Critical Point with Mixed Signals appeared first on Coingape.
Source: CoinGape

Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar

This week’s main headline was taken by Stellar Lumens [XLM], the eighth largest cryptocurrency by market cap, with news of its listing on Coinbase.com and its collaboration with IBM, a multinational information tech company. Stellar and IBM announced the launch of World Wire, which is going to focus on cross-border, real-time transaction settlement. The solution will be introduced in over 50 countries and will be supported by the Stellar protocol.
Jed McCaleb, the co-founder of Stellar.org, spoke about IBM World Wire in an interview session at the Money 20/20 conference. He also spoke about the impact it would have on the US markets in particular and his opinion on stablecoins.
On IBM World Wire, he stated that this product allows banks and financial institutions to issue digital assets on a common platform “that can be interchanged between each other”. He further stated that it allows users to send currency A, which can later be converted to currency B, enabling a “much more seamless” way than the traditional means around the globe.
McCaleb also spoke about the impact World Wire would have on the US market. He said:
“So, I mean, for a common person in the U.S, its not that impactful but for anyone that does a lot of international transfers, like maybe have a relative overseas, then it will matter a lot”
This was followed by McCaleb speaking about stablecoins, taking into consideration Facebook’s recent announcement of launching one. On this, McCaleb stated that he preferred the terms “fiat token” over “stable coin” as there were a lot of currencies involved, and “maybe they were not so stable”. He added,
“[…] the future will be this world where people are using digital representations of value whether its fiat currencies or gold […], it should all be kind of tokenized. […] [this] gives you all kind of the power benefits that cryptocurrencies has […] and everything is interoperable. So, its just a much better state-of-affairs than what we have today.”
Furthermore, McCaleb also spoke about the big challenge they faced and what he was “most concerned” about in the financial services for 2019. He stated that creating this [World Wire] network was their big challenge, adding that IBM was a great partner in this regard. He said,
“What they [IBM] are doing is bringing a whole collision of people together in one swoop rather than trying to do it just one-off because none of these attempts really work if you just have one or two players, you really need a lot of participants to start to see the benefits of an open-network like Stellar.”
The post Stellar’s McCaleb: You need a lot of participants to see benefits of open-network like Stellar appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork

Stellar Lumens, in partnership with IBM, successfully launched World Wire which will be a direct competition to Ripple’s solutions for cross-border payments. Stellar Lumens saw a spike after this announcement and has since subdued.
The price of XLM at press time was $0.02303, while the market cap was $2.2 billion.
1-hour
Source: TradingView
The one-hour chart of Tron showed a downtrend that extended from $0.0277 to $0.0236, while the uptrend extended from $0.0220 to $0.0229. The price found support at $0.0221 and bounced in an upward direction. The price even struck the immediate resistance at $0.0242 on March 16, 2019.
The Parabolic SAR markers developed above the price candles, which indicated that the short uptrend rally had stopped and was reversing.
The MACD indicator showed a recovering uptrend for the signal and the MACD lines after a bullish crossover.
The Relative Strength Index showed that the RSI topped at 55 and was reversing as well. The momentum of the sellers ran out as the RSI collapsed.
1-day
Source: TradinView
The longer time frame showed an uptrend that extended from $0.0129 to $0.02245, while the downtrend ranged from $0.04982 to $0.02593. The prices tried to cross the resistance at $0.0267, not once, but twice. Eventually, the prices failed to breach the resistance and headed downwards.
The Bollinger Band showed a squeeze, indicating the reduction of volatility for XLM in the longer time frame. The prices were above the SMA, which indicated a bullish presence for XLM.
The Chaikin Money Flow showed the CMF line above the zero-line, which indicated that money was flowing into the market. The sellers were dominated by the buyers.
The Stochastic RSI showed the topping of XLM markets as it was in the oversold zone. The Stochastic RSI also showed a bearish crossover that had begun.
Conclusion
The one-hour chart showed a bearish cycle in progress as indicated by the Parabolic SAR, MACD, and the Relative Strength Index. The one-day chart indicated a bullish view for Stellar Lumens as confirmed by Bollinger Bands, CMF, and Stochastic RSI.
The post Stellar Lumens [XLM] Price Analysis: Bulls come out of the woodwork appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM]: Payments depend really heavily on network effects, says Jed McCaleb

Stellar Lumens [XLM], the eighth largest cryptocurrency by market cap, and Stellar.org, has made headlines over the past couple of days.
Additionally, the cryptocurrency is going to be used for cross-border, near-instant transactions as part of the IBM Blockchain World Wire. The payments solution is going to be used in more than 50 countries, with the support of the Stellar protocol.
Jed McCaleb, the CTO of Stellar.org and Jesse Lund, the Head of Blockchain and Digital Currencies at IBM, spoke about cryptocurrency enabling financial inclusion, during the Money 20/20 conference. They also spoke about the progress cryptocurrencies have made in the payments sector.
Jesse Lund spoke about how this new step would have a positive impact in terms of financial inclusion, and how it would help banks and money transmitters make faster and cheaper transactions. Lund stated that digital currencies would definitely have a positive impact on financial inclusion, adding that it is one of their focus areas.
He further stated that there are around 2 billion adults across the globe, with no access to financial services or bank accounts. However, over a billion have access to smartphones capable of storing digital value, he added. Jesse Lund said,
“That’s the whole point. I mean we can actually bring money further and farther than it could ever go before even if there’s not you know a tangible banking presence in some of these emerging economies.”
He further stated that this factor is the reason for the growth of the payments industry. He added,
“It’s not just taking revenue or market share away from somebody else some of the incumbents. There’s actually new business being born because there’s 2 billion people in the world that can now be part of this global financial economy”
This was followed by Jed McCaleb speaking about the progress of cryptocurrency adoption in the payments industry. McCaleb stated that several people in the cryptocurrency space “underestimated” the time it would take for cryptocurrency adoption in payments, adding that he has been working in this sector for over eight years now.
“[…] the reason why is that payments depends really heavily on network effects and that’s just not there yet and and the only way that it can kind of be achieved is by bringing like a consortium like a whole group of people together that are willing to adopt one common thing at the same time and that’s exactly what World Wire is doing or so I think”
This was followed by McCaleb stating that even though there has not been much progress, there is a lot of interest for such an endeavour.
“So being able to bring them all at once we should see like the snowballing effect and things really got get rolling now so I’m not that interested in the last six months but the next six months in the next year is things where things are going to really start to heat up”
The post Stellar Lumens [XLM]: Payments depend really heavily on network effects, says Jed McCaleb appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Price Jumps 5% With the Announcement of Coinbase Listing

Coinspeaker
Stellar Price Jumps 5% With the Announcement of Coinbase Listing
With the growing popularity of Stellar Lumens (XLM), the world’s eight largest cryptocurrency got recently listed on popular crypto exchange Coinbase.
Stellar Price Jumps 5% With the Announcement of Coinbase Listing

Continue reading at Coinspeaker
Source: CoinSpeaker

IBM and Stellar Lumens [XLM]’s World Wire ready for cross border payments in over 72 countries

IBM announced the launch of World Wire on 19 March 2019, in more than 72 countries. World Wire aims to reduce the friction associated with money transfer all around the world.
Jesse Lund, the Head of blockchain and digital currencies at IBM, elucidated on the same with Stanley Yong, the CTO at IBM. According to Lund, World Wire was an “entirely new type of payment,” designed for regulated financial institutions, including banks and non-banks.
Yong explained that World Wire works by connecting participants in a p2p network, for sharing “financial messages” and digital assets, both of which would be issued on the same network. The results of the settlement and messages are then stored on the blockchain for “audit-ability” and “transparency”.
Lund stated,
“IBM is announcing that it is open for business in payments was support for 72 countries, 47 distinct currencies  and 44 unique banking endpoints and a wide range of pay in and pay out locations around the world.”
Yong added,
“The two main assets that will be available for live transactions on IBM blockchain will wire on day one are the stronghold US dollar and the Stellar Lumens”
Apart from the above, World Wire will help financial institutions communicate with each other on the network, and help fulfill payments in real-time. Additionally, payment data and the value/money will move together on the same network. Lund also explained that the focus of World Wire was to make money move faster than information today.
Furthermore, any financial institution that provides payment services, and requires the movement of money across borders, would be a candidate for IBM’s World Wire, said Lund.
Lund also explained that World Wire would immediately focus on Europe and the Asia Pacific, with support for North America being introduced later this year.
Jed McCaleb, the co-founder and CTO of Stellar Lumens, stated,
“It gives consumers the flexibility to use whatever kind of currency they want, wherever they are in the world so if you have dollars and you’re traveling you can use those dollars seamlessly in any any place in the world. You can pay out in any payout Network in the world, it makes essentially everything interoperable, makes it fast, makes money move much more like email…”
Additionally, Yong confirmed that IBM was working with central banks to help with processing faster payments.
The post IBM and Stellar Lumens [XLM]’s World Wire ready for cross border payments in over 72 countries appeared first on AMBCrypto.
Source: AMB Crypto

Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’

IBM has finally announced its plans with ‘World Wire’ and their goal towards providing financial services to the unbanked population of the world. It is now officially available in a growing number of markets. It is a payment network that allows plans to allow for faster and more efficient settlement of payments.
The duo IBM’s Blockchain head Jesse Lund and Stellar Lumens Co-Founder Jed McCaleb took center stage at the Asia Money 2020 Conference in Singapore on 19th March 2019 and revisited their plans with ‘World-Wire.’ The vision according to them is to create a ‘Global Financial Economy.’
Stronghold USD and Stellar Lumens (XLM)
The two digital assets currently used for settlement are Stellar Lumens (XLM) and Stronghold USD. Stronghold USD is a stable coin managed by Stronghold Anchor Limited in New Zealand.
The ‘world wire’ aims to bring a consortium of firms, financial institutions, banks and even the unbanked people of the world through smartphones.
Jed McCabed noted that:
“It’s officially available in growing number of markets and everyone underestimated how long it would take to get adoption due to lack of payments Network effects… The only way it can be achieved by bringing a consortium or a whole group of people together.”
Also Read: IBM ‘World Wire’ to Transform Cross-Border Payments Completely
Financial Inclusion
On Financial inclusion, Jesse Lund noted that their aim with ‘world wire’ is essentially providing easy and low-cost remittance to the under-undeveloped and unbanked population of the world. He said,
“$2 billion people do not have access to bank accounts.. over a billion of them actually have a smartphone or feature phone… we can actually bring money further and farther than it could go before even in the absence of banking service.
Its not just taking share from somebody else” It is a revolution “in the payments industry”
Moreover, Jed also noted though there hasn’t been any tangible adoption now, they have received positive intent from some banks and institutions.
“He said he is excited about the next six months or a year.. when the snowballing effect with many instituions will come into play.”
The post Stellar’s Co-Founder Comments on IBM World Wire: ‘Not Much Progress To-Date’ appeared first on Coingape.
Source: CoinGape

Stellar Lumens (XLM) Rally as Volumes Double After IBM Move

Stellar Lumens up 11 percent from last week
IBM and six banks sign a letter of intent for World Wire stable coin issuance
Transaction volumes double in eight days

With IBM single-handedly bringing on board six banks, XLM prices are surging and up 11 percent in the last week. We expect prices to edge higher in days ahead. If prices close above 15 cents, Stellar Lumens (XLM) could double to 30 cents
Stellar Lumens Price Analysis
Fundamentals
Similar to Ripple, Jed McCaleb’s Stellar is a low-cost platform that enables cross border fund transfer aimed at the unbanked. It is the latest to receive support from CoinBase three months after the exchange placed the asset under consideration.
Coinciding with this liquidity boosting development is the announcement that IBM has successfully drawn six banks to World Wire. By signing a letter of intent, these banks are committing to use with three of them having received regulatory approval. As a result, they are ready to issue a stable coin pegged to fiat via the IBM’s World Wire enabling fast and cheap settlement. The Stablecoin will complement Stronghold that is unfortunately unavailable to US citizens due to regulatory hurdles.

All the same, Jesse Lund of IBM is ambitious, and in this era of stable coins, this is what he had to say:
“As more stable coins come on board, the whole notion of FX changes over time. We are working very hard to expand the ecosystem of stable coins that will include many more banks and many more fiat currencies – so digital representations of fiat currencies – and even, eventually, the central bank issued digital currencies. “
Candlestick Arrangement

Like Bitcoin Cash, Stellar Lumens (XLM) is the top performer adding 4.3 percent and 11 percent in the last day and week. We expect prices to expand as these new banks get approval from their respective regulators. With IBM strong ties with banks, their single effort to expose six banks at once is a big move for Stellar and would eventually help support XLM prices.
From the chart, it is clear that buyers are in charge and trading within a bullish breakout pattern. As mentioned in our previous trade plans, risk-off traders should fine-tune entries in lower time frame, take advantage of the strong bull momentum—prices are banding along the upper BB, with targets at 15 cents.
Meanwhile, risk-averse traders should ramp up once prices print above 15 cents. After that modest targets would be 30 cents or Nov 2018 highs.
Technical Indicators
Volumes are picking up as momentum increase. After breaking above 8 cents, average volumes have doubled from 4 million of Mar 10 to 8 million by Mar 18, hinting at demand. However, prices above 11 cents should be with high volumes exceeding 16 million of Mar 11
The post Stellar Lumens (XLM) Rally as Volumes Double After IBM Move appeared first on NewsBTC.
Source: New feedNewsBTC.com

Coinbase.com Adds Stellar Lumens [XLM], Price Surges by 5%

Coinbase has announced that it will add Stellar Lumens (XLM) tokens at coinbase.com and in the Coinbase Android and iOS App.
According to the blog post by Coinbase:
The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

XLM is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store XLM. https://t.co/YSIYNPO4JP
— Coinbase (@coinbase) March 18, 2019

IBM’s world wire has also announced a partnership with six banks to issue FIAT backed stable coins on the Stellar Networks. The Network will help regulated financial institutions to move value seamlessly across the globe.
Coinbase Effect: XLM Price Surge
XLM recently got added on the Coinbase Pro. While Coinbase Pro has a limited user base, coinbase.com is the esteemed exchange that is one of the largest and most trusted platforms for FIAT to cryptocurrency exchange in the world. It has a user base of more than 20 million customers in over 42 countries. The blog post also noted that XLM will not be available in the state of New York or the United Kingdom.
Stellar Lumens’ price has rocketed by 5%; XLM/BTC which was skirting along 0.00002700 BTC has increased to 0.00002850 in less than 2 hours.
XLM/BTC 30-min Chart on Bittrex
The Technical Analysis of XLM/BTC reveals that the 50-Day Moving Average has moved above the 200-Day Moving Average, which suggests that a Bullish cross-over. The 100-Day Moving Average is also looking to cross the 200-Day Average line, indicating that the long term bearish outlook might have turned tables.
World Wire to Transform Cross-Border Payments Completely
The ‘big blue’ and Stellar Organization has worked for almost a year together after the announcement of initiation of ‘world wire.’ The world wire would provide a platform for financial institutions to issue their stable coins and also allow interoperability between them through the Stellar Protocol.
Three banks out of the six have been identified that has signed a partnership with World Wire according to Forbes, they are Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea. The other three banks are expected to be announced at the on 19th March at the Money 20/20 Asia Conference in Singapore.
Jesse Lund, the head of Blockchain solutions at IBM noted:
“So we are starting with markets that are outside of the U.S., but it won’t be long before we add the U.S. as an operating endpoint. It will be sometime this year; we will get to it, third quarter, fourth quarter something like that,” he said.
Reportedly, IBM has set up world wire payment locations in 72 countries, with 48 currencies and 46 banking points. According to Jesse Lund, the Blockchain head at IBM, IBM is the “single most trusted validator on the Stellar network” hence, although centralized IBM as validator adds a lot of credibility to the platform.
“Look at the Stellar dashboard and see the IBM validators out there,” said Lund. “There’s a lot of others, but everyone trusts us. So in the consensus model, we are kind of a big anchor there.”
The post Coinbase.com Adds Stellar Lumens [XLM], Price Surges by 5% appeared first on Coingape.
Source: CoinGape

Stellar Lumens [XLM] makes it to Coinbase Pro; order books for three trading pairs initiated

Coinbase Pro, the US-based digital asset trading exchange, announced support for Stellar’s native crypto asset XLM on its platform recently. The listing will enable users on the platform to deposit their XLM approximately 12 hours prior to the initiation of full trading. XLM inbound transfers to the exchange would be accepted after 1 PM PT on March 13.
Brian Armstrong revealed the latest development through his official Twitter handle,
Source: Twitter
According to the official blog post, the XLM listing will be immediately available at all the jurisdictions supported by the exchange, excluding the state of New York.
After an adequate volume of XLM is delivered on the Coinbase Pro platform, order books for three trading pairs XLM/USD, XLM/BTC, and XLM/EUR would be initiated. To send XLM to Coinbase Pro, a Memo is required, falsely inputting, which could lead to the permanent loss of funds. Furthermore, funds sent without a Memo will not be received.
The blog post also detailed the stages of the launch, the first being the Transfer-only phase in which consumers will be able to deposit XLM on their exchange wallet. This phase will be live for 12 hours and order books will be in a transfer-only mode and no orders will be filled during this stage.
This phase will be followed by the Post-only stage, during which users on the platform will be able to post limit orders. In this stage, there will be no completed orders, and order books will be in a post-only mode for a minimum of 60 seconds.
The third is the Limit-only stage, which will last for approximately 10 minutes. Limit orders will be completed in this mode, however, consumers will not be able to submit market orders.
In the fourth and final stage, full trading services will be made available for users.
Stellar’s native cryptocurrency XLM drives the payment network for the open-sourced and decentralized protocol. Recently, XLM exhibited a sharp surge of around 30% in just 48 hours in a bearish market. The crypto-community associated the price surge to the coin’s logo modification. The foundation also revealed that its official rebranding was set to launch in May this year.
The post Stellar Lumens [XLM] makes it to Coinbase Pro; order books for three trading pairs initiated appeared first on AMBCrypto.
Source: AMB Crypto

Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Yet Another Cryptocurrency Wins Listing on Coinbase Pro
Coinbase adds Stellar Lumens to its professional trading service Coinbase Pro. Initially, XLM trading will be only available for customers in Coinbase’s supported jurisdictions, expect the state of New York.
Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Source: CoinSpeaker