Stellar Lumens (XLM)

$ 0.075059 0.000265 (0.35%)

XLM/BTC

0.00000683 BTC (-1.44%)

XLM/USD

$ 0.075059 (+0.35%)

Stellar Lumens Discussion

Investors3  Aug 26 2020 01:29
Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week Check out this week’s Bad Crypto podcast. Joel Comm https://cointelegraph.com/news/digital-currency-akoin-and-blockchain-voting-bad-crypto-news-of-the-week It’s back to stability for Bitcoin this week as the currency continues to knock at the $12,000 ceiling. Where will it go next? One analyst sees a Battle Royale as whales try to push towards $14,000. Other investors are more optimistic. They see Berkshire Hathaway’s recent sale of bank stocks and purchase of stock in a gold mining company pushing the price to $50,000. If Warren Buffett is souring on the banking system though, he’s late to the party. Kim Dotcom got there two years ago — and has reminded his followers that he advised them to buy Bitcoin. The Federal Reserve might be catching up though. Governor Lael Brainard has revealed that the Fed is conducting research into a digital dollar. One partner to that research is MIT, which will develop, test, and research a digital currency over two to three years. The Fed isn’t the only one waking up to the power of the blockchain. The United States Postal Service has applied for a patent for a secure voting system. The system uses the blockchain to secure mail-in voting. A start-up in Bulgaria is offering cryptocurrency to travelers whose flights are delayed for at least an hour. In South Korea, a million drivers have already swapped a physical license for a blockchain-backed version used with a smartphone app. The program only launched in May. [b]Senegal, though, might make South Korea look small. Akon, the Senegalese-American star and philanthropist, says his $6 billion Akon City will run on the Stellar-based Akoin cryptocurrency.[/b] His real-life Wakanda is already 85 percent complete, he says. Ripple is aiming even bigger. Under new CEO Brad Garlinhouse, the company is trying to become the Amazon of the cryptocurrency world. It’s looking to move beyond cross-border payments and promote the creation of new applications on the Ripple network. Both of those projects lie in the future but at least some of the much-hyped blockchain-based smartphones and smartwatches are already out. Samsung’s Galaxy S10 has support for more than 30 cryptocurrencies in its wallet and the company’s KlaytnPhone rewards users with 2,000 Klay tokens. Blockchain company Sirin Labs’s Finney has built-in cold storage, as well as a DApp ecosystem. Cold storage is also a feature of watchmaker Franck Muller’s Encrypto watch. The dial also has a QR code for receiving Bitcoin payments. And in the world of social media, Ignite, a blockchain-based microblogging platform is trying to offer an alternative to state-censored social media platforms. The development of blockchain usage isn’t all super-cities, smartwatches, and social media though. Asia is looking to the blockchain for protection against online crime during the pandemic. It looks like they’re on the right track. Binance has recently helped Ukraine’s cyber police to identify and arrest criminals involved in a $42 million ransomware and money laundering operation. And finally, while the cryptoworld is generally full of smart people with big brains, someone just paid 40 ETH, around $17,000, for a digital picture of a cat drawn by Paris Hilton. The money will go to charity, so maybe we can just say that the cryptoworld is full of people with big hearts.
Investors3  Aug 04 2020 23:13
Stellar Lumens based DSTOQ launched in over 100 countries By REYNALDO * DSTOQ exchange announces launch in more than 100 countries after receiving $715,000 in financing from Stellar Lumens. * DSTOQ facilitates investment in stocks for users who utilize cryptocurrencies. https://www.crypto-news-flash.com/stellar-lumens-based-dstoq-launched-in-over-100-countries/ According to an official announcement, the DSTOQ exchange has been launched in more than 100 countries. Funded by the Stellar Development Foundation, with a $715,000 investment in XLM, the exchange brings real assets into the crypto space. Thus, it facilitates investment in traditional market assets for crypto users with a special focus on users in emerging markets. [b]DSTOQ offers Apple, Tesla and Amazon shares on the Stellar Lumens network[/b] The Stellar Development Foundation investment was made in February this year. DSROQ has built a digital interface without borders to facilitate access to blue chip stocks such as Tesla, Amazon or Apple, bonds, ETFs, commodities, among other traditional financial market products. These assets will be available as stock tokens built on the Stellar network and can be used with cryptocurrencies or fiat money. DSTOQ chose the Stellar blockchain to conduct its operations because of the characteristics of its network. Unlike other blockchains such as Bitcoin and Ethereum, Stellar’s consensus protocol fits perfectly with DSTOQ’s services: [i]Bitcoin opts for liveness – if consensus cannot be reached, the network may fork , prioritizing progress over unambiguousness (…). This is unacceptable for DSTOQ because of the legal implications of an asset that are tied to a real world value but are represented multiple times on different ledgers. The Stellar Consensus Protocol (SCP) favors safety over liveness, meaning that the network, faced with the same circumstances, comes to halt until consensus can be reached.[/i] According to the announcement, DSTOQ only requires users to have a smartphone to download the application. The exchange is available in countries around the world, for example, Peru, Qatar, Russia, South Africa, Vietnam, among others. However, it is not yet available for the United States and some of the countries with the largest economies in Europe such as Portugal, Germany, France, among others. To see the complete list of countries where DSTOQ is available, please click on the following link. Stellar Development Foundation CEO Denelle Dixon said the following when the DSTOQ investment was announced: [i]At SDF, we seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. DSTOQ’s sharp focus on cross-border investing and their unique approach to helping people in emerging markets to gain access to investment opportunities abroad speaks directly to our mission at SDF. Together, we hope to improve the lives of millions of people while simultaneously creating exciting new business opportunities.[/i]
Investors3  Aug 04 2020 23:08
Stellar Lumens shows strong growth in Q2 2020 By COLLIN BROWN https://www.crypto-news-flash.com/stellar-lumens-shows-strong-growth-in-q2-2020/ * Despite the ongoing corona pandemic, the Stellar Development Foundation has hired 10 new employees to help drive the further adaptation of XLM and the ecosystem. * In addition, a comprehensive network expansion with protocol 13 was implemented, which contains important new functions. The Stellar Development Foundation (SDF) published a new quarterly report a few hours ago about the current progress of the project in the second quarter of 2020. The Stellar developers have initiated numerous innovations, but the community has also made a valuable contribution to the development and adaptation progress through numerous donations and assistance. [b]10 new employees and major update with Protocol 13[/b] The quarterly report states that a major network expansion, released with the release of Protocol 13, introduced important new features such as a fee increase, more detailed asset authorization control and multiplex accounts. Stellar has invested in promising projects that use XLM and are helping to spread and increase acceptance. These include the wallet provider Abra, which has more than 3 million active users worldwide and is constantly growing and attracting new interested parties. Stellar has also invested in SatoshiPay, which provides a platform for instant transaction processing across national borders. Like Ripple, Stellar offers the ability to process transactions in near real-time at a low cost of just a few pennies. The SDF has also increased its media impact and in recent weeks has held more than 20 virtual conferences and events and participated in 8 additional crypto-conferences. In addition, a strategic partnership with the World Economic Forum has been established. The goal of the cooperation is to promote the acceptance of digital assets such as XLM. The number of transactions carried out in the second quarter compared to the first quarter of 2020 rose by 38.70% from 9,570,121 to 13,282,383. This shows a significant increase in the use of the Stellar Blockchain and a strong growth, also compared to last year. Furthermore, the daily trading volume on Stellar’s decentralized stock exchange (DEX) has increased from 3,4490,422 to 5,940,311 and thus by more than 70 %. The following diagram shows this development in detail. The published data show that the average transaction time of 5.5 seconds is at the same level as in the first quarter of 2020, which describes that transactions are confirmed on average after 5.5 seconds, meaning that XLM has arrived in full at the recipient’s disposal and that the recipient can dispose of it. SDF has partnered with ofFinclusive to provide compliance services and will monitor the Stellar network. In May, Stellar also developed a boot camp app that allows users to trade play money and introduces them step-by-step to trading and handling cryptocurrencies. Coinqvest has integrated Stellar into its own platform in order to be able to process payments quickly and cheaply via the Stellar blockchain. Stellar has also entered into a partnership with Elliptic to provide custody solutions for institutional investors. SDF is satisfied with the current developments and is optimistic about the future.
Investors3  Jul 27 2020 23:35
[b]Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies[/b] July 27 2020 - 11:01PM CoinDesk https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/82934006/digital-bank-revolut-adds-stellar-to-list-of-suppo Users will now be able to buy and sell XLM on Revolut’s platform, the fintech firm announced Tuesday. ... https://www.coindesk.com/digital-bank-revolut-adds-stellar-to-list-of-supported-cryptocurrencies Digital Bank Revolut Adds Stellar to List of Supported Cryptocurrencies Jaspreet Kalra Jul 27, 2020 at 23:01 UTC U.K.-based fintech firm Revolut announced Tuesday it has added Stellar lumens (XLM) to its list of supported cryptocurrencies. * In a press statement emailed to Coindesk, Revolut said customers will now be able to trade and hold XLM on its platform. * According to the statement, Stellar’s addition was in response to “overwhelming demandâ€￾ from users. Revolut currently supports a total of six cryptocurrencies including bitcoin, ether, XRP and bitcoin cash. * Earlier this month, Revolut announced its customers in all U.S. states except Tennessee could buy, sell or hold bitcoin and ether on its platform. While Revolut had started operating in the U.S. in March, it then partnered with Paxos to gain regulatory permission required to offer crypto banking services. * “Adding Stellar and passing ownership of cryptocurrencies to our customers are the first in a series of steps we are taking to seriously overhaul our crypto product,â€￾ Ed Cooper, the company’s head of crypto, said in the statement. * In an email sent to its customers last month, Revolut said it would give users legal control over their cryptocurrencies starting July 27. Although the firm said it would cease to be the “legal ownerâ€￾ of the available cryptos, users would still be unable to transfer the funds outside of Revolut’s ecosystem.
Investors3  Jul 09 2020 15:30
[b]Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020[/b] HELEN PARTZ JUL 06, 2020 A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities. Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hubâ€￾, the new venture aims to promote blockchain and artificial intelligence, or AI, education. They also hope to provide Kenyans with more work opportunities. [b]First African blockchain hub launched by Akoin and Effect.AI[/b] A joint initiative of Akon’s blockchain startup Akoin and EOSIO-powered project Effect.AI, the hub is set to launch in Q4 2020 and will be the first initiative of its kind in Africa, the companies announced to Cointelegraph on July 1. The project will be handled by Akon’s philanthropic arm, the Akon Foundation. The Kenyan Opportunity Hub will be the first African blockchain hub in a series of so-called Akon-Effect Opportunity Hubs. At these hubs, people will be able to access AI and blockchain-related education as well as online work paid in cryptocurrency on Effect.AI’s blockchain platform. According to a joint announcement, the hub is likely to be located near Mwale Medical and Technology City, a project run by United States engineering firm, KE International. By building the hub close to Mwale, the creators intend to unlock more work opportunities like tech-powered medical record translation. [b]Effect.AI runs a similar hub in the country of Georgia[/b] As announced, the Kenyan Opportunity Hub will benefit from the experience of a similar Effect.AI’s hub that is already operating in Rustavi, Georgia. Launched in partnership with the United Nations Development Program in 2019, the initiative seeks to boost industry job opportunities and promote tech knowledge. Headquartered in the Netherlands, Effect.AI project is a decentralized AI network operating on the EOS blockchain. Cointelegraph reached out to Effect.AI and Akoin to find out more about the Kenyan blockchain hub initiative. This article will be updated pending any new information. [b]Akon’s “crypto revolutionâ€￾ plans[/b] News of the Kenyan blockchain hub comes soon after Akon was awarded a $6 billion contract to build a cryptocurrency city in Senegal. The project envisions the construction of a “100% crypto-based cityâ€￾ featuring Akon’s Akoin cryptocurrency. Akon’s ambitious plans on pushing mass adoption of blockchain technology in Africa is part of his long-running African “crypto revolution.â€￾ Alongside plans to build crypto cities and hubs in Africa, Akon is also planning to issue his own cryptocurrency to enable the tokenized trading of mobile phone credits, which are used as a currency in Africa. The upcoming token, known as Akoin, [u]is planned to be issued on the Stellar blockchain.[/u] The utility token will power “atomic swapsâ€￾ between crypto, fiat, and mobile phone credits on the Akoin network.
Investors3  Jun 19 2020 20:21
Zoom Will Offer End-to-End Encryption to All Users FELIPE ERAZO JUN 18, 2020 The video conference app will launch its end-to-end encryption in July 2020 in a beta stage for both free and paid users https://cointelegraph.com/news/zoom-will-offer-end-to-end-encryption-to-all-users On June 17, the popular video conference app, Zoom, officially announced that end-to-end encryption, or E2EE, has finally arrived for their software. It will be provided to both free and paid users, so long as their account has passed the company’s verification process. According to the announcement, during the beta phase that will start from July, users should verify their phone numbers via a text message. The aim of this step is to prevent the mass creation of abusive accounts. Zoom commented: [i]“We are confident that by implementing risk-based authentication, in combination with our current mix of tools - including our Report a User function - we can continue to prevent and fight abuse.â€￾[/i] The company says that all Zoom users will continue to use AES 256 GCM transport encryption as the default encryption, which they rate as “one of the strongest encryption standards in use today.â€￾ [b]E2EE as an optional function[/b] According to Zoom’s whitepaper, E2EE will be an optional feature that limits some meeting functionality, such as the ability to include traditional PSTN phone lines or SIP/H.323 hardware conference room systems, says Zoom. [u]On May 7, Keybase, a secure messaging and cloud-based file-sharing services funded by the Stellar Development Foundation, became a subsidiary of Zoom.[/u] Its team will lead security engineering work to develop an end-to-end encryption feature available for paying customers. Keybase co-founder, Max Krohn, joined Zoom as the lead of its security engineering team.[u] Keybase’s services are verifiably signed by Keybase and hashed into the Stellar blockchain.[/u] [b]Recent controversies[/b] Although its stats have skyrocketed due to the COVID-19 pandemic, Zoom has been accused of sending data from users of its iOS app to Facebook, and making false claims that video calls were encrypted, while half a million Zoom accounts have recently surfaced on the darknet. On June 02, the Zoom’s CEO, Eric Yuan, said that they hope to create space for collaboration with the FBI and other authorities. As reported by Cointelegraph, Zoom’s security failures have stimulated the development of blockchain-based video chat solutions.
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