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Stellar Builds the Bridge Between Blockchain and Traditional Finance System

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Stellar
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At present, Stellar Lumens has come to the 8th spot on the crypto market with a value of $0.202. The status of the coin seems to be quite good in the market as it was recently made available on crypto exchange platform CEX.IO.

They have even made it quite user-friendly by allowing their users to pick the currency of their choice, which is EUR, USD, or BTC. The user-friendly cryptocurrency also offers instant buy for Stellar XLM directly with VISA or Mastercard now. Android and iOS have also made it feasible for withdrawals. Although the digital coin went through a dip, these are promising adoptions that could help the value go up.

In terms of cross-border payments, these are innovations that can boost its value to an extent where one of the major cryptocurrency Ripple could get affected. Sometime in 2017, stellar was reported to be one of the potential coins to make it big in the market.

That speculation was made because of the coin’s partnership between IBM, and this was opening doors to cryptocurrency’s network to facilitate cross-border payment.

Stellar is working towards clearing the disputes that go on between the blockchain technology and traditional finance companies. They are making it possible to build affordable financial products for their company, thus making it familiar and efficient.

Subsequently, the CEX platform has made sales smooth and really quick as the transactions are based on FOK (Fill or Kill) orders. This makes all orders to take place immediately, and they also assure successful transactions. The CEX site calculates exchange rates within 2 minutes after which it gets frozen.

The company is also trying to make it risk-free for its customers. To avoid the on and off-price variations in the cryptocurrencies, the rates are adjusted and kept in advance. The users are also guaranteed that they will get the very same amount that has been agreed.

Stellar seems to be making an effort that will take them a long way in the crypto market. Although other coins have made similar attempts, stellar appears to be getting into details and making the coin more efficient.

Rather than transforming the financial payment methods now, this digital coin is looking to integrating within the tradition financial structure, thus handcuffing the entire system by keeping the benefits that come with the blockchain technology. This integrated platform in partnership with the various banks and payment gateways makes it trustworthy and customer-friendly.

The coin stood at a value of $0.91 in January. After this hike, stellar saw a dip and had been facing the reputations of the significant fall of the cryptocurrency market last month.

But then this again shot up and the currency, currently, stays at $0.20 as of today (Wednesday 11, 2018) – valued at +6.86% against the US dollar and +2.23% against bitcoin as far as the increment is concerned. Looking at this trend, it looks like Stellar will do really well in the near future and might also be a threat to many other digital currencies.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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.

Image courtesy of barnyz via Flickr

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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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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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