Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) is surging and closing in on its all-time high, lifting other altcoins in the process. In contrast to recent developments in its network, Stellar has faced notable declines in the past week and is steady above $0.120. Meanwhile, KangaMoon (KANG), an emerging meme coin, is up 50% in stage 2 two of its presale. Stellar reach $0.15 by end of March? XLM has been trading within a…
Tag: Stellar
Bitcoin Reaches $57K in Stellar Monday Surge, Erasing $70 Million in Shorts in Just One Hour
Bitcoin reached a peak of $57,055 on Monday, climbing 10.1% over a 24-hour span and elevating the digital asset’s market value to $1.10 trillion. The value of bitcoin relative to the U.S. dollar hasn’t ascended to these levels since Nov. 22, 2021, marking 12 days after the digital currency’s peak value of $69,000. Monday’s Bitcoin […] Original
Stellar Starts Phased Rollout of 'Soroban' Smart Contracts
The “Protocol 20” upgrade, which adds support for Ethereum-style smart contracts to the decade-old payments-focused blockchain, had been delayed by three weeks due to precautions after a bug was found. Source
Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network
The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce […] Source CryptoX Portal
RWA Race Sees Tokenized Treasury Market Grows Nearly 600% as Ethereum (ETH) Overtakes Stellar (XLM)
According to real-world asset (RWA) monitoring platform RWA.xyz, the tokenized Treasury market surged to $698 million as of Monday from around $100 million at the start of the year. The expansion was spurred by new entrants into the space as well as from existing platform growth, Charlie You, co-founder of RWA.xyz, noted in the Our Network newsletter. Source
Galaxy Foresees Stellar 74% Bitcoin Surge In Post-ETF Debut Year
Galaxy Digital, a leading player in the digital assets sphere, has issued a bullish prediction for Bitcoin’s trajectory following the launch of the much-anticipated US-regulated spot Bitcoin ETF. According to a recent study published by the firm on October 24, the introduction of the ETF is set to considerably bolster Bitcoin’s adoption, positioning it more firmly as a recognized asset class. Advantages Of An ETF Galaxy’s analysis highlights that a spot Bitcoin ETF would be “one of the most impactful catalysts for the adoption of Bitcoin (and crypto as an…
Stellar Blockchain to Add Ethereum-Style Smart Contracts – in Possible Boost for XLM Token
Among those was the decision to use Rust as the primary programming language, along with WebAssembly, also known as WASM, as the instruction format. That’s instead of Solidity, the language used to run the Ethereum Virtual Machine, which is the foundation for running smart contracts on the Ethereum, Avalanche, Celo and Fantom blockchains, and many other networks. Source
Stellar initiates security audits for imminent Soroban smart contracts platform
The Stellar Development Foundation is set to enhance its blockchain offerings with Soroban, a new smart contract platform, currently in testnet phase, emphasizing heightened security and seamless integration. The Stellar (XLM) blockchain, known for fast international transactions, is about to introduce something new. This is called Soroban, a platform for smart contracts that’s being tested right now. What makes Soroban special is its use of WebAssembly (WASM), which is designed to work well with regular websites and blockchain systems. Product update! Today, @CertoraInc & @StellarOrg have teamed up to boost…
Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects
The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was explained in a white paper published on September 25. Using this framework, the teams concluded that blockchain payments solutions significantly increased access to financial products by lowering fees to 1% or less. They also found that blockchain products have increased the speed of payments and helped users to avoid inflation. Financial inclusion framework parameters.…
Circle and SDF Launch EURC on Stellar Network to Enhance European Remittance Network
As with USDC, the EURC on the Stellar network is redeemable at a ratio of 1:1 to the backing fiat currency at any time of the day and week. Leading stablecoin issuer, Circle Internet Financial LLC, and the Stellar Development Foundation (SDF) announced the launch of EURC on the Stellar network. The EURC stablecoins now run on three layer one (L1) blockchains including Ethereum (ETH), Avalanche (AVAX), and now Stellar (XLM) network. As a result, DeFi and Dapps developers on the three chains can build financial ecosystems that tap into…