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Stellar (XLM) Might be in Trouble – Its Value Keeps Going Down




Stellar Lumens (XLM) has been working hard to rival other cryptos when it comes to providing fast and cheap cross-border money transfers. However, its value keeps dropping, and it might go down even more due to damage in Upbit’s reputation.

Stellar is in trouble despite its best efforts

A lot of cryptos have been trying for a long time now to provide their users with a new way of sending payments across the border, and Stellar is no exception. Its efforts to enable cheap transactions that would also be done in a matter of seconds are advancing. All in all, XLM is pushing hard to become a very attractive crypto.

However, despite these efforts, its investors are still alarmed, and they might decide to give up on this crypto. The reason for this is rather alarming news from South Korea. The country has major concerns regarding one of their largest exchanges called Upbit.

According to some allegations, Upbit might be involved in a fraud regarding cryptos. This has not yet been officially confirmed, but many believe that it is not that surprising, considering that their top volume generator is XLM/KRW.

The exchange has a market cap of around $2.1 billion, but when it comes to Stellar, its trading volume only makes up for around 0.60% on the platform. This means that there are many others who will lose a lot more than Stellar if allegations against Upbit turn out to be true. Still, this does not mean that Stellar won’t be hit hard, and the biggest question is whether or not it can afford to experience such a blow.

Other than Stellar, TRON (TRX) and EOS (EOS) will probably be the currencies which will suffer the most from Upbit’s alleged actions.

The price of XLM continues to drop

According to the CoinMarketCap’s trading volume, XLM currently holds the 35th place. Its total contribution to the market includes only 0.27%, which is extremely low. Its situation regarding the price is worse by the day, and only within the last 24 hours, the crypto lost 9% of its value. The last week has seen a drop of 25.54%, which puts its current value to around $0.33.

With a situation like that, it is not very surprising that the investors are having second thoughts regarding the crypto. They might get under even more pressure if the situation for this crypto doesn’t turn for the better, and soon.

Even a small increase to $0.35 would be enough for them to shake off some of the pressure and regain their trust in the crypto, but whether or not this will happen is something that we should wait and see. For now, there is hope that the weekend will help the situation improve. Whether this hope will be justified or not is anyone’s guess.

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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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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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




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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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