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Coinbase and Tempo Money fuel Stellar Lumens’ XLM price spike

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Stellar XLM
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Tempo Money Transfer is a very well established international remittances company that is launching a new service consisting of crypto-to-fiat operations. It would allow for people to walk into one of their desks and buy a crypto of their choice paying cash. They recently announced that they will adopt Stellar Lumens’ XLM crypto coin as the mediating currency for all its global transfers.

Then, a few days ago the influential Coinbase exchange announced it’s doing the due diligence needed to decide if they will list XLM in their site.

Both announcements made XLM’s price surge at a time in which the coin has been going down for months. Analysts are talking about gains that are in the two digits.

XLM’s price behavior

Yesterday Stellar (XLM) went up by more than a tenth, reaching $0.206. And from yesterday to today it went up to $0.30583 which is an increase of almost another 8%. That’s around 21% in only two days.

The increase in trading volume has been even more impressive, rising by a spectacular 74% from last Friday to Saturday. Binance is the central player as something like 40% of all that trade happens in that exchange.

At current values, Stellar’s capitalization is at almost six billion dollars (5.7 to be specific), which makes it the seventh largest cryptocurrency in the world.

Will Coinbase list it?

It was reported a couple of days ago that Coinbase is considering to include five new cryptocurrencies for trade. XLM is one of the assets under consideration along with Cardano’s ADA, Zcash, Basic Attention Token, and 0x. But after the Bitcoin Cash incredible fiasco, it seems Coinbase is learning to play it safe as they accompanied that announcement with a clarification.

The coins are for consideration but there is no decision yet, and there are no guarantees that they will be included. On top of that, if they are listed, they could be available only for a few geographic zones, at least at the beginning.

Coinbase is a US-based virtual currency exchange with emphasis on usability. As such it only carries a handful of crypto-coins (Ethereum, Bitcoin, Litecoin, Ethereum Classic, and bitcoin cash) but it’s the US’ largest with a user base of more than thirteen million users. This vast number of clients makes it one of the world’s most influential, and the reluctance they’ve shown to offer a broader coin spectrum to their clients make it one of the most desired exchanges for cryptocurrencies.

The Tempo goes for Stellar

Tempo is already global. A lot of its business is in money remittances from Western Europe to South America, but they are basically everywhere. You can think of them as the European Western Union.

Some time ago they announced their intention to incorporate digital assets into their services and yesterday they let the world know that all their crypto-fiat business will use Stellar’s XLM as the primary currency to mediate transactions. Since Tempo can transact on the Stellar (XLM) network more than half a million times for the cost of a single US cent, this will lower transfer fees for end users in a spectacular way.

Stellar called this partnership “largest payment network of any crypto exchange globally…

Because of the strong position Tempo holds in Europe, this partnership could turn Stellar into the primary tool for Euro-USD transfers. This is no mean feat, and it could prove to be Ripple’s worst nightmare.

“The existing Tempo remittance network allows Tempo to offer a quick cash-out process in multiple countries” explained Tempo’s president, Mr. Jeff Phaneuf “We are now expanding to offer the easiest, fastest and most secure bridge between cash and crypto.”

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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