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. 

Money-transferring services giant MoneyGram is prepping to launch a new crypto-focused service. According to a new Bloomberg report, MoneyGram is partnering with XRP challenger and payments blockchain Stellar (XLM) to allow customers to send and cash out stablecoins on the XLM blockchain. Says MoneyGram Chief Executive Officer Alex Holmes, “The world of crypto and the world […] The post Remittance Giant MoneyGram Prepares Imminent Launch of New Crypto Service With XRP Rival Stellar Lunes: Report appeared first on The Daily Hodl.

Remittance Giant MoneyGram Prepares Imminent Launch of New Crypto Service With XRP Rival Stellar Lumens: Report

The Stellar Development Foundation (SDF) is partnering with a leading crypto exchange as part of a wide-ranging test program seeking to expand Brazil's blockchain industry. In a new press release, Stellar says it was selected along with the Mercado Bitcoin exchange as one of nine participants in the Challenge Real Digital project. The project was […] The post Stellar Foundation Joins Effort To Create Digital Currency Pilot Project in Brazil appeared first on The Daily Hodl.

Stellar Foundation Joins Effort To Create Digital Currency Pilot Project in Brazil

A low-cap altcoin built on the Stellar (XLM) blockchain is rallying after receiving surprise support from Binance. In a new announcement, the global crypto exchange says that privacy-focused MobileCoin (MOB) will begin trading on its platform. According to the project's website, “MobileCoin is a security-focused cryptocurrency that addresses four fundamental issues: security, transaction speed, energy […] The post Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance appeared first on The Daily Hodl.

Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance

Cardano

Algorand

Avalanche

Polkadot

Polygon

Solana

The company behind popular Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trust funds is launching a new investment that will hold seven cryptocurrencies. Here's a look at the new offering.

Grayscale Files For Altcoin Fund: The 7 Coins That Are Included

Investment giant Grayscale is launching the Smart Contract Platform Ex-Ethereum Fund (GSCPxE) to give investors exposure to leading smart contract platforms. According to a new announcement, the new investment product tracks the CoinDesk Smart Contract Platform Select Ex ETH Index, measuring the market capitalization-weighted performance of all leading smart contract coins excluding Ethereum (ETH). The […] The post Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins appeared first on The Daily Hodl.

Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins

The largest digital currency asset manager in terms of assets under management (AUM), Grayscale Investments, has announced the launch of a smart contract fund that is compiled of ethereum competitors. The fund called “GSCPxE” holds seven different smart contract coins and it's Grayscale's 18th investment product to date. Grayscale Launches GSCPxE — Fund Holds Cardano, […]

Grayscale Investments Launches Smart Contract-Focused Diversified Fund

In the wake of SEC ETF rejections, Grayscale is launching an altcoin fund focused on seven major blockchains.

Grayscale Investments Creates Smart Contract Fund for Solana, Avalanche, Polygon, Cardano

Grayscale has launched a new fund providing exposure to a variety of smart contract ecosystems that have emerged amid the growth of DeFi. The post Grayscale launches fund holding Ethereum alternatives appeared first on The Block.

Grayscale launches fund holding Ethereum alternatives

The fund is a branch of SDF's Enterprise Fund. It plans to match investments up to $500,000 from the lead funding source. The post Stellar Development Foundation debuts $30 million matching fund appeared first on The Block.

Stellar Development Foundation debuts $30 million matching fund

The fund will match investments into platforms that use the Stellar blockchain.

Stellar Development Foundation Launches $30 Million Investment Fund

Crypto exchange Okcoin now supports the Stellar USD Coin (USDC) on-ramp after inking a partnership deal with Stellar Development Foundation (SDF), the non-profit organization behind Stellar (XLM). The SDF says that USDC on Stellar enables fast and cheap cross-border financial transactions on the decentralized network focused on cross-currency payments. “This integration marks a step in […] The post XRP Rival Scores New Partnership as US Crypto Exchange Adopts Its Stablecoin On-Ramp appeared first on The Daily Hodl.

XRP Rival Scores New Partnership as US Crypto Exchange Adopts Its Stablecoin On-Ramp

Ripple competitor Stellar (XLM) is announcing plans to roll out smart contracts later this year. Stellar Development Foundation (SDF) ecosystem head Justin Rice says smart contracts will enable a new suite of products and services on Stellar. “There's a lot of work to be done to get there, but at SDF we're committed to researching […] The post Ripple Competitor Announces Plans To Roll Out Smart Contracts in 2022 appeared first on The Daily Hodl.

Ripple Competitor Announces Plans To Roll Out Smart Contracts in 2022

Ether

The first step before analyzing which blockchain you should leverage to boost your business is defining your business goals and the key use cases that would be valuable to users.

Stellar Versus Ethereum: Four Key Differences To Know

Stellar's (CRYPTO: XLM) price has increased 3.06% over the past 24 hours to $0.29. Over the past week, XLM has experienced an uptick of over 5.0%, moving from $0.28 to its current price.

Cryptocurrency Stellar's Price Increased More Than 3% Within 24 hours

Basic Attention Token

Bitcoin Cash

Ethereum Classic

Chainlink

Litecoin

Decentraland

Zcash

The world's largest digital asset manager is offering a look at which crypto assets institutional investors are most interested in. Grayscale just detailed a complete breakdown of its crypto assets under management (AUM), which amounts to a staggering $40+ billion. The vast majority of Grayscale's holdings are in the Bitcoin (BTC) Trust, which accounts for […] The post Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins appeared first on The Daily Hodl.

Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins

The host of crypto channel Coin Bureau is unveiling his outlook for Stellar (XLM) next year after the XRP competitor's lackluster performance in 2021. In a new video, pseudonymous analyst Guy tells his 1.78 million YouTube subscribers that while Stellar (XLM) doubled in price this year, the altcoin's gains are “peanuts” compared to the performance […] The post Will XRP's Primary Competitor Outperform Crypto Markets in 2022? Coin Bureau Updates Outlook on Stellar Lumens (XLM) appeared first on The Daily Hodl.

Will XRP's Primary Competitor Outperform Crypto Markets in 2022? Coin Bureau Updates Outlook on Stellar Lumens (XLM)

Stellar's (CRYPTO: XLM) price has increased 3.25% over the past 24 hours to $0.26, which is in the opposite direction of its trend over the past week, where it has experienced a 5.0% loss, moving from $0.28 to its current price.

Cryptocurrency Stellar Up More Than 3% In 24 hours

Tascombank — one of Ukraine's oldest banks — is piloting a digital version of the local fiat currency based on the Stellar (CRYPTO: XLM) blockchain.

Ukraine Leverages Stellar Blockchain For Digital Hryvnia Pilot

The pilot has the endorsement of the central bank and the Ministry of Digital Transformation.

Ukraine's Central Bank Runs Digital Currency Pilot Using Stellar

The pilot will test an electronic hryvnia in handling payroll for public employees along with peer-to-peer and merchant payments

Ukraine Commercial Bank to Test Digital Currency Built on Stellar

Over the past 24 hours, Stellar's (CRYPTO: XLM) price has fallen 4.14% to $0.26. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $0.26 to its current price.

Stellar Falls More Than 4% In 24 hours

Over the past 24 hours, Stellar's (CRYPTO: XLM) price has risen 6.15% to $0.31. This is contrary to its negative trend over the past week where it has experienced a 9.0% loss, moving from $0.33 to its current price.

Cryptocurrency Stellar's Price Increased More Than 6% Within 24 hours

Over the past 24 hours, Stellar's (CRYPTO: XLM) price has fallen 3.37% to $0.33. This is opposite to its positive trend over the past week where it has experienced a 4.0% gain, moving from $0.33 to its current price.

Cryptocurrency Stellar Falls More Than 3% In 24 hours

Stellar's (CRYPTO: XLM) price has increased 8.53% over the past 24 hours to $0.36, which is in the opposite direction of its trend over the past week, where it has experienced a 7.0% loss, moving from $0.38 to its current price. As it stands right now, the coin's all-time high is $0.88.

Cryptocurrency Stellar's Price Increased More Than 8% Within 24 hours

Stellar's (CRYPTO: XLM) price has increased 5.93% over the past 24 hours to $0.42. Over the past week, XLM has experienced an uptick of over 10.0%, moving from $0.38 to its current price.

News for Stellar Crypto (XLM)