Stellar

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

The Stellar project was launched in 2014 by Ripple co-founder Jed McCaleb and his partner Joyce Kim. McCaleb left Ripple in 2013 due to disagreements about the project’s vision with fellow co-founders.

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked—but its priorities shifted to helping financial firms connect with one another through blockchain technology. 

The network's native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

There are about 50 billion lumens in existence. No more lumens will be created. There are currently about 20 billion lumens circulating in the open market

The Stellar Development Foundation, which is a non-profit organization that supports adoption of the Stellar Lumens payment network, was created in collaboration with Stripe CEO Patrick Collison. Stripe received 2 billion lumens in return for a $3 million seed investment. 

Cardano

Polkadot

Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after […]

As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains

A Swiss fintech company is rolling out the first crypto exchange-traded products (ETPs) for Cardano (ADA) and Stellar Lumens (XLM). 21Shares AG is listing Stellar XLM ETP (AXLM) and Cardano ADA ETP (AADA) on the Swiss stock exchange (SIX Exchange) on April 26th with a base fee of 2.5% per year. It is also adding […] The post Cardano and Stellar Lumens Hit Milestone As Swiss Investment Fund Launches New Crypto ETPs appeared first on The Daily Hodl.

Cardano and Stellar Lumens Hit Milestone As Swiss Investment Fund Launches New Crypto ETPs

Litecoin

Zcash

Grayscale, the world's largest crypto asset management firm, is on a buying spree after purchasing massive amounts of cryptocurrencies to the tune of $1 billion in just 24 hours.  In a tweet posted on April 9th, Grayscale revealed that its total assets under management (AUM) stands at $46.1 billion.  04/09/21 UPDATE: Net Assets Under Management, […] The post Crypto Giant Grayscale Adds $1 Billion in 24 Hours Amid Litecoin, Stellar Lumens and Zcash Buying Spree appeared first on The Daily Hodl.

Crypto Giant Grayscale Adds $1 Billion in 24 Hours Amid Litecoin, Stellar Lumens and Zcash Buying Spree

Bitcoin

Ethereum

US crypto entrepreneur Jed McCaleb is behind two pumping projects today.

Stellar and XRP Surge 20% While Bitcoin and Ethereum Stagnate

Some nodes on the Stellar network have stopped validating transactions. The Stellar Development Foundation is trying to determine why.

Stellar Cryptocurrency Nodes Go Dark for 9 Hours and Counting

The Stellar network has not processed transactions for hours, according to publicly available data. The post Stellar crypto network hit by transaction stoppage, developers say issue is being investigated appeared first on The Block.

Stellar crypto network hit by transaction stoppage, developers say issue is being investigated

Ripple-backed blockchain startup Flare Networks is announcing its plans to integrate Stellar Lumens (XLM) into its smart contract platform. In a new tweet, Flare makes the announcement that it will be making XLM an F-Asset on its network. Flare will be integrating $XLM as an F-Asset, bringing XLM to scalable smart contracts and a trustless […] The post After XRP and Litecoin, Flare Plans To Bring Smart Contract Functionality to Stellar appeared first on The Daily Hodl.

After XRP and Litecoin, Flare Plans To Bring Smart Contract Functionality to Stellar

Circle and the Stellar Development Foundation (SDF) announced that the second-biggest stablecoin is now available within their network. USD Coin (USDC) is accessible through five integrated wallets, and it can be tradeable on their ecosystem, said the USDC issuer. Stellar Has Been the Official Chain of USDC Since October 2020 Per the announcement, the stablecoin […]

Circle Launches USD Coin on the Stellar Network

One of the most popular privacy-centric messaging applications Signal has seen explosive growth during the last two months over things like the Whatsapp acquisition and the recent Big Tech censorship. According to a number of reports, the company has been experimenting with monetization and more recently Signal has been reportedly testing the crypto network Stellar. […]

Privacy-Centric Messaging App Signal Experiments With Stellar-Based Mobilecoin Project

A Wyre integration will introduce a variety of APIs that can be used by financial apps on the Stellar network.

Stellar Development Foundation Invests $5M in Crypto Payments Firm Wyre

Though bitcoin's rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as "altcoins" whose prices have yet to clear all-time highs from years past. 

First Mover: Don't Like $34K Bitcoin? Stellar, Litecoin Yet to Conquer Old Highs

The value of the combined bitcoin and cryptocurrency market has surged to over $1 trillion as prices rise across the board...

Crypto Surges To $1 Trillion As Bitcoin, Ethereum, Ripple's XRP, Cardano And Stellar Price Soars

The US SEC's $1.3 billion lawsuit against Ripple might have given XLM a huge boost, experts surmised.

Price of Stellar (XLM) Doubles in Just 24 Hours

The token is at the highest level since November 2018 in what one observer called a "perfect storm."

Stellar's XLM Token Rallies to 2-Year High on XRP Woes, OCC Ruling, Ukraine

The organization behind XLM will work to create a CBDC for Ukraine, as well as help develop its digital asset and stablecoin infrastructure.

Ukraine Taps Stellar Foundation to Develop National Digital Currency

Ukraine's Ministry of Digital Transformation has inked a memorandum of understanding with the Stellar Development Foundation, with the two sides agreeing to cooperate on a number of digital asset-related initiatives. The post Ukraine signs agreement with Stellar Foundation to work on CBDC, digital asset strategy appeared first on The Block.

Ukraine signs agreement with Stellar Foundation to work on CBDC, digital asset strategy

The Stellar Development Foundation's work with Ukraine's government to digitize the hryvnia will officially launch this month.

Ukraine Government Picks Stellar to Help Build National Digital Currency

The Stellar Development Foundation (SDF) invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network.  The post Stellar Developmental Foundation invests in Settle Network to support stablecoin-based payment tools appeared first on The Block.

Stellar Developmental Foundation invests in Settle Network to support stablecoin-based payment tools

Germany's Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.

News for Stellar Crypto (XLM)