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NASDAQ supports Stellar (XLM) in a move to enter the crypto world

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It is not a secret for anybody that cryptocurrencies are getting more traction among the industry as each day passes, a fact that without any doubt can potentially increase the scope of all of the virtual coins. Even when cryptocurrencies have given us enough reasons to want to keep them as assets, the industry still needs a spoon of validation to fulfill one of our greatest dreams as crypto users, a mass adoption.

In this specific case, a great milestone has just happened as one of the most influential companies in the financial sector has decided to place a bet on cryptocurrencies, and of course, it could not be other than the National Association of Securities Dealers Automated Quotation (NASDAQ), the second largest electronic and automated stock exchange in the United States.

NASDAQ has decided to support one of the most mentioned coins in the industry at the moment, the Stellar Lumens (XLM). We can be sure that great things are coming for both companies with such an incredible alliance, but one thing we may ask is, why NASDAQ has chosen Stellar? Well, let’s find out the main reasons why Stellar (XLM) represents a better option for the famous stock exchange than the other cryptos in the market.

The solidity of Stellar Lumens

NASDAQ is seeking to reconstruct itself and also hit into the digital boom of cryptocurrencies, and that’s of course, something that is more likely to happen if it decides to back a solid token of the industry, in this case, Stellar (XLM).

When it comes to performance in the market, Stellar (XLM) has proven to be stable and robust, although its growth has been slow the coin has been evolving with the time, a fact that’s even more remarkable in times where almost all of the cryptos are in red.

At the moment of writing, Stellar (XLM) is the number 8th in the listings of coinmarketcap, position in which it is traded at a value per coin of $0.29263 and has increased in value by 1.08% against the US dollar in last seven days and a 2.95% against the leader of the market, Bitcoin (BTC).

Stellar partnerships and scalability

If we talk about notable partnerships in the crypto sphere, Stellar (XLM) comes out as a great performer. Over the course of its existence, this coins has been working on building up powerful alliances among the financial industry. In this matter, we can count three of the most remarkable, the one with OKEx, the exchange from Hong Kong, the ones with the Deloitte and ICICI banks, and of course, the one with IBM.

Like this, Stellar is not only opening itself to markets such as the banking; it is also working on building up a large scalable platform, a feature that for sure is of interest for NASDAQ as it is looking to solve issues of scalability.

In addition, the Stellar platform provides incredible features when it comes to cross-border transactions, including the lowest fees in the market and a very remarkable speed of operation.

Conclusion

As with the whole market, Stellar (XLM) is currently suffering certain drops; however, the coin has managed to stay afloat in days where the tendency is entirely bearish. The potential support of NASDAQ may represent a huge benefit for the token, so for sure, Stellar Lumens should be watched in the days to come.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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