Stellar

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

The Stellar project was launched in 2014 by Ripple co-founder Jed McCaleb and his partner Joyce Kim. McCaleb left Ripple in 2013 due to disagreements about the project’s vision with fellow co-founders.

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked—but its priorities shifted to helping financial firms connect with one another through blockchain technology. 

The network's native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

There are about 50 billion lumens in existence. No more lumens will be created. There are currently about 20 billion lumens circulating in the open market

The Stellar Development Foundation, which is a non-profit organization that supports adoption of the Stellar Lumens payment network, was created in collaboration with Stripe CEO Patrick Collison. Stripe received 2 billion lumens in return for a $3 million seed investment. 

Solana

Weekly cryptocurrency market analysis from Coinidol.com. XRP, Stellar, Synthetix, BitDAO and Solana in the top 5 gainers of the week.

Weekly Cryptocurrency Market Analysis: XRP, XLM, SNX, BIT, SOL Continue Their Rise And Reach New Highs

PLUS: Ripple's partial victory last week in its ongoing legal feud with the Securities and Exchange Commission left important questions unsettled for token issuers, a crypto lawyer told CoinDesk TV.

First Mover Asia: XRP, XLM Climb While Bitcoin Trudges Below $30K

Companies from all over the world will be able to make transactions to Argentina, Colombia and Mexico.

Latin American Crypto Firm Bitso Joins Stellar Network to Boost International USDC Payments

XRP isn't the only crypto asset that's soaring after a groundbreaking ruling was issued Thursday in the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple. XRP challenger and payments blockchain Stellar (XLM) pumped by more than 57% on Thursday, going from trading around $0.095 at the beginning of the day to $0.

Not Just XRP: Stellar (XLM) Rips by More Than 57% in One Day After Judge Issues Ruling in SEC's Ripple Lawsuit

Stellar (CRYPTO: XRM) on Thursday evening experienced a significant surge, outperforming top cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) by gaining 51% in the last 24 hours. What Happened: This surge comes in the wake of a recent court ruling that determined Ripple's XRP token to be an investment contract when sold to institutional investors.

Hours After A Judge Ruled XRP Not A Security, This Payment Token Leaves Bitcoin, Ethereum Trailing In Dust With 51% Gains

Arbitrum

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.

Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here's Why: Santiment

For Nvidia Corp , the boom in generative artificial intelligence (AI) is everything, everywhere, all at once.

Nvidia close to becoming first trillion-dollar chip firm after stellar forecast

The Stellar Development Foundation designed a payment app that leverages stablecoins for fast and cheap transfer and is user-friendly for trauma and disaster victims. That's why Stellar Aid Assist is one of CoinDesk's Projects to Watch 2023.

In the Ukraine War, Stellar Aid Assist Is Using Crypto to Give Mass Aid

Polkadot

Cryptocurrency payments specialist Stellar is linking to Polkadot and its sister network Kusama via the newly built Spacewalk bridge, a move that will connect the two blockchain ecosystems with Stellar's fiat on-ramps around the world.

Crypto Payments Specialist Stellar Bridges Fiat and Stablecoins to Polkadot

The firm behind XRP competitor Stellar (XLM) will represent the digital asset industry in the Commodity Futures Trading Commission's (CFTC) relaunched Global Market Advisory Committee (GMAC). In a new company blog post, the Stellar Development Foundation says it will be one of four crypto-related firms to join the committee alongside representatives of traditional finance.

Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee

The Stellar Development Foundation was revealed to be among the bankrupt crypto lending desk's largest creditors.

Stellar Foundation Nicked By Genesis Bankruptcy With $13M Claim

XRP‘s most prominent rival is rallying this week as a Ukrainian banking giant announces the results of using its blockchain in a new digital currency system pilot program. Stellar (XLM) is a multi-currency transaction network for storying and moving money across the blockchain. XLM, the Lumen, is the native cryptocurrency of the Stellar network.

XRP Rival Stellar (XLM) Turns Green as Commercial Bank Runs Pilot Program for New Digital Currency System

XRP rival Stellar (XLM) is reporting a healthy 172% increase in payments in 2022 in addition to other positive numbers. According to a new blog post by Stellar founder and CEO Denelle Dixon, the global payments platform has been posting “astronomical” numbers in 2022 despite an ongoing crypto winter.

XRP Rival Stellar (XLM) Reports 172% Increase in Payments, Other Positive Numbers in 2022 Report

UNHCR, the UN Refugee Agency, announced recently it was working with the Stellar Development Foundation (SDF), the creator of the Stellar (CRYPTO: XLM) blockchain network, to launch a first-of-its-kind blockchain-based payment distribution solution for bringing funds to displaced people within Ukraine. “Ukraine is a global leader in the development of technical solutions to increase access to social protection, including assistance for displaced people.

UN, Stellar Development Foundation Now Collaborating To Distribute Crypto To Help Displaced People In Ukraine

A leading analytics firm says that a trio of altcoins including Polkadot (DOT) is flashing a bullish signal as traders turn extremely bearish on crypto. Santiment reveals that traders are betting heavily on the sustained plummet of interoperability protocol Polkadot, payments network Stellar (XLM) and privacy-focused altcoin Monero (XMR).

Polkadot and Two Additional Altcoins Flashing Bullish Signal As Trader Sentiment Hints at Bottom: Analytics Firm

Bitcoin Cash

Ethereum Classic

Top US crypto exchange Coinbase says it will end support for crypto assets with low usage on its self-custody digital wallet. According to Coinbase Wallet, it will pull out the plug for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC) by next year.

Coinbase Wallet Drops Support for XRP, Stellar (XLM), Bitcoin Cash (BCH) and Ethereum Classic (ETC)

Starting Dec. 5, Coinbase (NASDAQ: COIN) will no longer support major tokens including Bitcoin Cash (CRYPTO: BCH), Ripple (CRYPTO: XRP), Ethereum Classic (CRYPTO: ERC) and Stellar Lumen (CRYPTO: XLM), among others. What Happened: According to Coinbase, "low usage" is the reason it decided to stop the support of the four tokens.

Bitcoin Cash, Ethereum Classic, 2 Other Cryptos Lose Coinbase Wallet Support: What You Should Know

The top U.S. cryptocurrency exchange's wallet will no longer support BCH, ETC, XLM and XRP due to "low usage."

Coinbase Wallet Drops Bitcoin Cash, Ethereum Classic, Stellar Lumens and XRP

The company took note of \"low usage\" as its reason for no longer supporting those tokens.

Coinbase Wallet Quietly Delists Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM

Cardano

Algorand

Hedera

First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions.

These 7 Cryptocurrencies Are ISO 20022 Compliant - Are They The Future Of Payments?

Ethereum

The trader who accurately called this year's crypto market collapse is laying out what digital assets he is currently bullish on amid the ongoing bear market. The pseudonymous trader known as Capo tells his 554,700 Twitter followers that he's long on leading smart contract platform Ethereum (ETH) and XRP rival Stellar Lumens (XLM).

Trader Who Called 2022 Crypto Crash Turns Bullish on Ethereum, Stellar and Three Low-Cap Altcoins

Bitcoin

Litecoin

The pseudonymous crypto trader who nailed Bitcoin's collapse this year is forecasting brief rallies for BTC, Stellar (XLM) and Litecoin (LTC) prior to the resumption of their downtrend.

Analyst Known for Calling 2022 Crypto Market Crash Predicts Fakeout Rallies for Bitcoin, Stellar and Litecoin

ApeCoin

Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token stayed close to a one-month high in today's session, despite current market turbulence. Stellar was also in the green, nearing a four-week peak.

Biggest Movers: APE, XLM Move Close to 1-Month Highs

Zcash

ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today,” Grayscale said in recent, little-noticed filings.

SEC Questions Grayscale's Legal Stance on Stellar, Zcash and Horizen Crypto Trusts

Dogecoin

Chainlink

Polygon

Individuals can purchase bitcoin, ethereum, litecoin, dogecoin, chainlink and polygon from Coinme-powered Coinstar machines. The post Crypto exchange Coinme adds ETH and five other cryptocurrencies to its crypto kiosks  appeared first on The Block.

News for Stellar Crypto (XLM)