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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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