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Stellar Lumens Destined For More Gains After Steady Rise

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Stellar Lumens is receiving a lot of love in the cryptocurrency space, if its performance in the recent past is anything to go by.  Integration of the cryptocurrency by several financial institutions and big cap companies has been a key driver of its price, in various exchanges. Its market cap has also crossed the $1 billion mark, making it one of the biggest digital currencies in the world.

Just like Bitcoin, which continues to cause havoc in the crypto space, Stellar Lumens has been trading in an uptrend. Over the past one month, it has gained more than 300% in market value as it continues to hit higher highs.

Stellar Lumens Chart

Stellar Lumens Chart courtesy of coinmarketcap.com

Stellar Lumens is destined for more gains given the catalysts that have pushed it to record highs are still in play. While Bitcoin is, still the most popular cryptocurrency, focus is slowly shifting towards the likes of Lumens that offer more synergies when it comes to peer-to-peer electronic cash transfer.

Growing Demand

A deal with SatoshiPay has once again reaffirmed Stellar Lumens capability to play in the big boy’s league. The micropayment startup based in London has adopted Lumens as its underlying cryptocurrency for the schemes settlements. The service provider has been using bitcoin since 2015. A surge in processing fees, as well as scaling problems, made it impossible for it to continue using the popular cryptocurrency.

SatoshiPay is one of the many institutions that have taken note of Stellar Lumen’s cost and scalability synergies thus joining the bandwagon. Stellar Lumens recently received a major boost and accreditation when IBM and KlickEX decided to partner it for the development of a blockchain-based cross-border payments solution.

“Currently, cross-border payments take up to several days to clear. This new implementation is poised to affect a profound change in the South Pacific region, and once fully scaled by IBM and its banking partners, could potentially change the way money is moved around the world,” said Stellar co-founder Jed McCaleb.

The announcement led to a 100% price surge in stellar lumens further affirming its long-term prospects. Lumen is now the biggest transfer medium in the South Pacific region as more institutions continue to join its network.

Bottom Line

Stellar Lumens is expected to remain the biggest medium transfer in the region given its focus on the masses rather than large-cap companies and financial institutions. The cryptocurrency is dedicated to changing the lives of people especially in marginalized parts of the world such as Africa and Asia, areas where it hopes to accrue substantial growth going forward.

Users currently control 95% of the total Lumens coin supply, making it the most decentralized currency in the world. The ownership structure, low transaction fees, and scalability capabilities means Stellar Lumens is well positioned to continue growing in popularity which should lead to further price increases.

Image courtesy of Lou Arthur via Flickr

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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