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Stellar Lumens (XLM) price spikes amid Coindelta listing

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The good news keeps aggregating for Stellar Lumens and XLM, it’s native token. This week’s adoption is by Coindelta.

Coindelta is a cryptocurrency exchange based in India that offers high usability and the chance to trade in digital assets using the INR, India’s fiat currency, popularly known as Rupee. It supports QTUM, NEO, XRP, Litecoin, EOS, Ethereum, Bitcoin, and starting this Monday (a couple of days ago), Stellar Lumens’ XLM.

It also offers secure wallets for customers to store their tokens and a purportedly lowest withdrawal fee. It includes a section for pro traders that facilitates the exchange of high volumes in minimal times. The exchange promotes itself as “The easiest way to buy, sell and store cryptocurrencies”. The Coindelta platform includes a mobile app (Android and iOS) that allows users to manage their coins from a mobile phone.

Signing up for CoinDelta isn’t that different from most other exchanges. You create an account, verify your identity, make a deposit (in Rupees) and you start trading. One of the advantages in this exchange is that all the currencies it offers can be traded in fiat currency, which obviates the need to buy bitcoins first, as is the case in many of the world’s most important platforms such as Binance.

This Monday, November 26th, the CoinDelta team announced to its community it’s a “delight” for them to list Stellar Lumens XLM. Deposits and withdrawals went online that same day, and trading started at 6:00 pm, Indian Standard Time. The announcement reminded prospective XLM traders the rules of the game:

  • The withdrawal fee for XLM will be 0.01.
  • Minimum deposit for XLM is 1.
  • The number of blockchain confirmations required is 1.
  • Recovery Fee for XLM is 0.2.

The announcement went on by briefly explaining Stellar’s main features and provided a link to the Stellar Development Foundation website for those who wanted to dig deeper about the new option.

The exchange also announced the new coin through a tweet in its official Twitter account which reads:

The new listing is further progress for Stellar Lumens, especially since XRP, its main rival, was already listed in this particular exchange. New listings create interest on the listed projects. More importantly, they increase trading volumes and demand for tokens that ultimately translates into higher value and price.

Also, this shows that Stellar Lumens is looking to make headway into Asia, which has not been an obvious thing. The project has been securing strategic partnerships all year long, but they’ve been mainly with companies and exchanges from the U.S. and Europe.

This is very relevant because many of the most active markets in crypto are in Asia. Not exactly in India, but in China, South Korea, and Japan. But Rome wasn’t built in a day, and Stellar is doing all the right moves to ensure its coin is available all over the planet and it has a presence of some kind in every important market in the world.

As we write this, the Stellar Lumens XLM token is priced at $0.1593 and trading in green numbers (up by 14.32% in the last 24 hours). It’s capitalized at just above 3 billion dollars (fifth place in the rankings) and it’s been threatening to take away Bitcoin Cash’s fourth place. Stellar is only about 300 million dollars away from the feat.

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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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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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