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Stellar (XLM) Hits Market Capitalization of $7.67 Billion

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Stellar (CURRENCY:XLM) traded up 4.8% against the U.S. dollar during the twenty-four hour period ending at 17:00 PM ET on February 6th. One Stellar coin can currently be purchased for approximately $0.42 or 0.00004872 BTC on major cryptocurrency exchanges including BCEX, GOPAX, Exrates and AEX. Stellar has a market capitalization of $7.67 billion and approximately $189.90 million worth of Stellar was traded on exchanges in the last day. Over the last seven days, Stellar has traded up 18.5% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Ripple (XRP) traded down 4.8% against the dollar and now trades at $1.03 or 0.00012037 BTC.
  • NEO (NEO) traded down 2.1% against the dollar and now trades at $111.10 or 0.01300720 BTC.
  • IOTA (MIOTA) traded down 3.3% against the dollar and now trades at $1.80 or 0.00021070 BTC.
  • TRON (TRX) traded down 6.7% against the dollar and now trades at $0.0432 or 0.00000505 BTC.
  • Tether (USDT) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00011696 BTC.
  • VeChain (VEN) traded 1.8% lower against the dollar and now trades at $4.22 or 0.00049358 BTC.
  • Populous (PPT) traded 11.6% lower against the dollar and now trades at $26.46 or 0.00309729 BTC.
  • Binance Coin (BNB) traded down 3.6% against the dollar and now trades at $8.95 or 0.00104830 BTC.
  • U.CASH (UCASH) traded 51.3% lower against the dollar and now trades at $0.0952 or 0.00001114 BTC.
  • Status (SNT) traded down 2.2% against the dollar and now trades at $0.22 or 0.00002554 BTC

Stellar’s genesis date was July 19th, 2013. Stellar’s total supply is 103,689,123,972 coins and its circulating supply is 18,432,548,633 coins. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. Stellar’s official message board is stellarcommunity.org. The Reddit community for Stellar is /r/stellar and the currency’s Github account can be viewed here. The official website for Stellar is www.stellar.org.

According to CryptoCompare, “Stellar is public infrastructure for money. Supported by a nonprofit, Stellar brings the world together by increasing interoperability between diverse financial systems and currencies. Stellar is a technology that enables money to move directly between people, companies and financial institutions as easily as email. This means more access for individuals, lower costs for banks, and more revenue for businesses. Help better the world’s financial infrastructure by participating in our community or by building on Stellar.  “

Stellar Coin Trading

Stellar can be bought or sold on these cryptocurrency exchanges: Qryptos, Upbit, RippleFox, Binance, AEX, Gatehub, OKEx, Bittrex, CoinEgg, GOPAX, Exrates, Poloniex, Kraken, Mr. Exchange, Bitstamp (Ripple Gateway), Stellar Decentralized Exchange, BCEX and Bitcoin Indonesia. It is not presently possible to buy Stellar directly using US dollars. Investors seeking to acquire Stellar must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Stellar using one of the aforementioned exchanges.

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Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland

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By CCN: Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra.

According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing.

Libra Networks, which was registered in Geneva on May 2, will provide financial and technology services. Also in its wheelhouse will be developing related hardware and software.

ANOTHER SECRET MOVE

Famed investor Michael Novogratz recently called Project Libra “stunningly important” to the crypto space.

Given Facebook’s history of boasting about its projects, you’d think it would be bragging about Project Libra. That’s not the case. The Switzerland move was done with no fanfare such as company press releases or blog posts. This seems to be the way Facebook has chosen to roll out its Project Libra.

It’s keeping close to the chest even where the project will be launched. In December, it hinted at plans to set up shop in India. Early reports suggest Zuckerberg’s cryptocurrency will facilitate overseas remittance payments for Indian WhatsApp users.

CURIOSITY GROWS 

Facebook launched Project Libra more than a year ago to allow money transfers between WhatsApp users. Over time, however, the scope of the project has expanded. That includes the decision to include e-commerce payments on Facebook and other websites as well as rewards for viewing ads, shopping online, and interacting with content.

When all is done, Facebook hopes to have a stablecoin that is pegged to the value of a local currency.

Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug referred to as “Crypto Valley” throughout the world.

PRIVACY ISSUES HAUNT FACEBOOK

As Facebook was making arrangements for this Switzerland fintech, it was facing hiring problems on the domestic front. CCN reported that recruiters are complaining that it is increasingly harder to find talent for Facebook’s engineering jobs. Potential hires don’t like the myriad privacy issues that the social media platform has seemingly failed to get a handle on.

They’re taking their talents to other tech giants, like Amazon, Google, and Microsoft.

The project has also drawn scrutiny from U.S. lawmakers. They are concerned that Project Libra will be plagued by Facebook’s failure to adequately secure users’ data

Source.ccn

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Well-known Ponzi scheme, Bitconnect is set for a relaunch on July 1

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It’s an interesting time in the crypto sphere. As the markets are setting new yearly highs and excitement builds around Bitcoin’s potential, news has begun circulating that someone is trying to revive BitConnect, a project best known for being a Ponzi scheme.

Bitconnect became one of the most hyped projects of 2017 after YouTube and Twitter personalities promoted the project to gain affiliate payouts. However, by 2018 it had become apparent that Bitconnect was a scam and a class action lawsuit was filed, followed by the arrest of the Asia head of Bitonnect.

As such, many were taken by surprise when Bitconnect 2.0 was announced late last year. While the website stated the infamous project would be relaunching soon, nothing of the sort has happened. However, as NullTX reports, an email has been doing the rounds which claims Bitconnect’s return is imminent. This is further corroborated by a tweet stating Bitcoinnect 2.0 will be officially launching on July 1, 2019.

A quick search on WHOIS reveals the domain name will expire this time next month, meaning the domain name will be taken offline before Bitconnect 2.0 even launches. Considering no one knows who’s in control of the domain, it’s going to be interesting to see how this plays out.

Source.chepicap

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Medvedev: Crypto Regulations not a priority for Russia

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  • The  Russian government is not thinking of regulating the cryptocurrency markets.
  • Crypto trade may start again in the nation.

Many industries have been appealing the Russian government to formulate laws to operate the market for digital assets because of the regulatory uncertainty of cryptocurrency. It has become difficult for firms to do business. However, those people can do business in Russia anytime soon. Medvedev said in a legal conference in St Petersburg that formulating digital asset regulations “is no longer a priority for the state,” adding:

“Nowadays, the popularity of cryptocurrency has decreased, and regulatory issues may not be so relevant.”

However, Medvedev did not say that the lawmakers are entirely uninterested in cryptocurrencies. He noted that trading in the digital asset markets could go up again. If and when that happens, the regulators will renew their interest towards cryptocurrencies.

 

source:fxstreet

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