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Showing posts with the label stellar

Blockchain – Cue for a SWIFT-er world

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Even Erno Rubik would feel like Edward Scissorhands here. In the global-payments space Putting everything on its right axis – speed, precision, real-time nuances, user-friendliness, global ease, reliability, availability and unrelenting security on top of all this – yes, easier said than done. In the matrix of cross-border payments, some cube always gets left out. It never adds up – everything together. That’s the gap that is putting names like IBM, Stellar and even Russia government in the same breath as SWIFT. SWIFT or the Society for Worldwide Interbank Financial Telecommunication - The banking cooperative’s services tracing as far back as 40 years ago that spread to around 200 countries by ironing out kinks in payments. Y ... Read more about " Blockchain – Cue for a SWIFT-er world " on coinatory.com

What is Stellar Lumens?

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The disruptive nature of cryptocurrency is self-evident, offering the world an excellent alternative to the already existing financial model that has controlled the ownership, storage, and the transfer of value for ages. While many may see cryptocurrency as a virtual currency of destruction that has come to destroy the existing financial structure, others see it as a great opportunity that makes life easier when used as a medium of exchange of goods and services. Unlike most cryptos, Stellar is entirely complaint with regulators and although Stellar was initially against banks, its partnership with IBM last year changed Stellar"s fate. What is Stellar? Stellar is a nonprofit organization payment network that aims to make the ... Read more about " What is Stellar Lumens? " on coinatory.com

StellarX launched a decentralized exchange with fiat support

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The StellarX marketplace, which sells assets on the Stellar blockchain, announced the launch of a decentralized platform with zero commissions and support for fiat currencies. The functionality of the exchange differs a bit from the existing exchanges on the Ethereum blockchain, but unlike the same IDEX and EtherDelta, where it is still necessary to pay for gas, the exchange does not charge commissions from users, thanks to its unique consensus mechanism. In addition, StellarX supports fiat currencies. While transactions inside the ... Read more about " StellarX launched a decentralized exchange with fiat support " on coinatory.com

The recent story with Ethereum Classic

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The Ethereum Classic (ETC) has recently grown by as much as 19%, thanks to the Coinbase crypto exchange in San Francisco, which announced the inclusion of a coin in its Coinbase Consumer program and placing it on the list. Thus, users and customers of crypto exchanges will soon be able to purchase a coin both on the official site of the crypto exchange and in its mobile application. It is reported that the launch of the coin on sale will be available later, August 16. According to CryptoGlobe, Coinbase previously reported its intentions to ... Read more about " The recent story with Ethereum Classic " on coinatory.com

Stasis have issued "crypto euro" EURS

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The Stasis cryptographic platform, created by the Russians Grigory Klumov and Anatoly Knyazev, issued "crypto euro" EURS for 12.2 million euros. Cryptocurrency is backed with an equivalent amount in euros, it greatly simplifies the acquisition of any crypto assets in Malta. https://youtu.be/HEwDIpjYtYI Why CryptoEuro CryptoEuro on 12.2 million euros was issued by STSS Malta Limited, the legal entity of the Stasis platform. STSS Malta Limited was registered in May 2018 in Malta. Crypto euro belongs to the category of so-called stablecoins ... Read more about " Stasis have issued "crypto euro" EURS " on coinatory.com

Bitwise filed an application for registration of the cryptocurrency ETF

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American company Bitwise Asset Management has filed with the US Securities and Exchange Commission (SEC) an application for the registration of a cryptocurrency index fund (ETF). This was said in a statement. It is assumed that the fund will work with the index HOLD 10, consisting of the ten largest cryptocurrencies. At the same time, the company will provide access to the ETF index fund not only to institutional investors but also to retail investors. To date, HOLD 10 includes bitcoin, Ethereum, XRP, Ethereum Classic, Monero, ZCash, ... Read more about " Bitwise filed an application for registration of the cryptocurrency ETF " on coinatory.com

Why nobody trusts in stablecoins?

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Let"s understand what is the reason for the mistrust of the crypto community to stable cryptocurrencies. A stable cryptocurrency, or stablecoin, is a fixed-rate cryptocurrency. The majority of currencies are determined by the market: buyers and sellers exchange tokens, and the rate is formed by supply and demand. Stable cryptocurrencies, on the contrary, try to have a fixed rate. The most famous stablecoins - Tether (USDT) and TrueUSD (TUSD). These coins are provided with fiat money, and the mechanism is fairly simple: a third party ... Read more about " Why nobody trusts in stablecoins? " on coinatory.com

IBM started testing its "cryptodollar" on the Stellar blockchain

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The American giant IBM, in partnership with the Stronghold start-up, began working on a new cryptocurrency, tied to the US dollar. Stablecoin is called Stronghold USD and will be launched on the Stellar blockchain, reports Fortune. The technology giant is a pioneer in the field of business solutions based on blockchain technology. For example, the company has developed a program with which it is possible to track the chain of international transfers in real time, and also to conduct such transactions several times faster. Recently, ... Read more about " IBM started testing its "cryptodollar" on the Stellar blockchain " on coinatory.com

Stellar plans to buy Chain for $500 million

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Stellar, the creator of the digital currency Lumens, wants to purchase blockchain platform  Chain for $ 500 million, with payment being made in Lumens tokens (XLM). It is worth mentioning that at the moment Lumens occupy the 7th place among electronic currencies. Stellar employees do not disclose the deadline for completion of the transaction and do not comment on plans for the future development of the platform. The decision of the Stellar executives is due to their interest in the Chain team of specialists, not the company"s technology. ... Read more about " Stellar plans to buy Chain for $500 million " on coinatory.com

What is Stellar Lumens?

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The disruptive nature of cryptocurrency is self-evident, offering the world an excellent alternative to the already existing financial model that has controlled the ownership, storage, and the transfer of value for ages. While many may see cryptocurrency as a virtual currency of destruction that has come to destroy the existing financial structure, others see it as a great opportunity that makes life easier when used as a medium of exchange of goods and services. Unlike most cryptos, Stellar is entirely complaint with regulators and ... Read more about " What is Stellar Lumens? " on coinatory.com