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The Stellar Lumens team announces Stellar Build Challenge for further platform development

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Stellar
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To the casual trader or crypto enthusiast, Stellar is not as exciting a cryptocurrency project as some of the big time players like Bitcoin, Ripple, and Ethereum. Stellar, after all, might seem to be shedding some of its gains made earlier last month. However, if the price movement for XLM is anything to go by, Stellar is actually performing well, perhaps even better especially when compared to Bitcoin.

Stellar Lumens currently sits at position 7 on CoinMarketCap with a market capitalization of about $5 billion. Compared to Bitcoin $100 billion, that’s a far cry, but the Stellar’s community has been growing stronger with initiatives that are community-centric and solutions-oriented.

The 7th edition of the Stellar Build Challenge

In fact, stellar has been fast-tracking the development of its platform with the announcement of the 7th Stellar Build Challenge that has made the XLM community excited about contributing to the project. The stellar team announced the event which has so far been held six times as a community-driven challenge set up by the Stellar Lumens team.

Goals of the challenge

The overall goals of the 7th edition of the Stellar Build Challenge are about enabling collaboration and building solutions. In fact, previous challenges have resulted to pretty important submissions such as the Senseo Stellar iOS SDK client library and the Horizon API (an exchange platform built by the community). Another important submission that even became a feature of Stellar’s platform as a result of the challenge is the Stellar support protocol for the Nano S ledger wallets.

Basically, the Stellar Build challenge has resulted in a variety of notable innovations and community-oriented solutions which is a great thing. The challenge allows participants to not only work hand in hand with the stellar team of developers but also enables the creation of open-source projects that make Stellar’s ecosystem better.

What it entails

For this edition, Stellar will be looking for developers who can work on expanding the project’s functionality, improve user experience and even enhance some of the features to mention but a few.  From next month, June 1st to be specific, participants will be able to submit their projects by announcing it on GalacticTalk.org. The form submission process will continue all the way until August 15th and winners will be announced on 30th the same month.

The awarding process will be based on merit and the judges will consist of developers from the Stellar Development Foundation. Jed McCaleb (the CTO of stellar) will make the final decision on the winners. With previous challenges, winners managed to walk away with thousands of XLM tokens in rewards. It will be exciting to see the Incentives for participation that will be included in this edition.  After all, participants will have an opportunity to collaborate directly with the Stellar team of developers, which is a good thing.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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