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Stellar Lumens’ XLM reaches Canadian exchange NDAX

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The new exchange supporting Stellar (XLM), National Digital Asset Exchange Inc. (NDAX) is a Canadian cryptocurrency exchange based in the province of Alberta. It was designed to serve both retail and institutional clients with the highest quality, security, and compliance with legal standards. Unlike most of the world’s crypto trade platforms, NDAX is fully integrated into the domestic Canadian banking system which allows for more fluidity between the crypto and the traditional financial systems.

Legality is a core issue for NDAX as it’s registered as a Money Service Business in Canada and it practices a philosophy to engage with regulators and traditional financial institutions in a way that can set a new standard in the Canadian cryptoverse. That emphasis on compliance allows NDAX to secure banking services provided by domestic institutions, and to keep the client’s funds in the domestic economic system, instead of sending them offshore.

Earlier yesterday, the Canadian platform announced it’s introducing Stellar Lumens native asset (called XLM) into its trading platform paired against the Canadian Dollar. Also, trading in this pair will remain free until January 31st, 2019.

It’s not typical for assets like XLM to be listed paired against the local fiat currency. Most commonly, exchange platforms around the world, do not allow for buying XLM directly but they pair it against Bitcoin. In other words: if you want to get some XLM tokens, you must first buy some Bitcoin and then you can use the trading platform to exchange them for XLM.

NDAX is not even going to offer an XLM/BTC pairing in the beginning, but it informed in the announcement it will be introduced as soon as a sufficiently liquid trading market develops. No time frame was mentioned for this.

Stellar Lumens is a third generation blockchain project that aims to be a full-fledged platform for decentralized applications and smart contracts based on its native token, XLM. It’s found lots of use cases in the traditional financial world. In this regard, it’s been following on Ripple’s steps and securing strategic alliances with some of the most important banks and remittance services in the world to make the settlement of international transactions as painless, safe, quick and cheap as humanly possible.

One of Stellar Lumens’ critical partners is none other than IBM. Big Blue has chosen this blockchain project as its only partner in the cryptosphere. That means that all the research and project development IBM is doing to explore the uses of blockchain technology will be carried out in association with Stellar Lumens and using Stellar’s technology. If you remember what IBM and Microsoft’s partnership did for Bill Gates in the 80’s and beyond, you’ll understand that this is a huge advantage for Stellar.

The NDAX announcement is great news for a project that’s been reporting lots of good news all year long, and that has managed to keep growing despite the bearish conditions in the market.

Stellar (XLM) is currently trading at $0.1562 in red numbers (6.89%). It’s capitalized at roughly 3 billion USD, which makes it the fifth cryptocurrency by market cap.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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