November 5, 2019

Stellar’s XLM Skyrockets 30% This Week After Founders Burn 55 Billion Lumens

Stellar’s XLM jumps by more than 30 percent in two days. The upside move came after the foundational body announced that they were burning the XLM supply. The rival community accused the Stellar CEO of orchestrating the XLM pump. Stellar’s native asset XLM registered fresh gains on Tuesday as its founders decided to wipe out...
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Stellar Burned More Than 55 Billion XLM Tokens Worth $4.7 Billion

The Stellar Development Foundation (SDF) is in the crypto news for announcing a new mandate today aimed at its network development. What’s more important is the fact that Stellar burned over 55 billion Stellar Lumens (XLM) tokens, the announcement reads. In fact, the company took to Medium and published a post on November 4, stating...
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Coca Cola and SAP Leveraging Blockchain to Redefine Supply Chain

Blockchain as a solution for supply chains is the next big thing for Coca-Cola bottling companies. The usage of distributed ledger and cryptography solutions for supply chain logistics has been one of the hottest use cases for the technology. The SAP Solution is Permissioned Business-Grade Blockchain As reported by Business Insider, more than 70 franchises...
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US Lottery Winner Puts Half Of His $500k Into Bitcoin (BTC)

One resident from Illinois who won $500,000 in a state lottery recently revealed that he put half of it into Bitcoin (BTC) back in May. The US lottery winner and Redditor “Joxnlol” posted an image of himself where he was clutching the Illinois state lottery cheque on November 5 with a caption that says: “Did...
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Libra “Suffers From its Greatest Asset”, says Ethereum Co-Founder

Libra is a vast and diverse project but it is facing restrictions from the day of its proposal in June 2019. Facebook, a giant social media community, has backed the project. However, the crypto industry has some regulation issues with Facebook handling Libra as the social media firm has reported mishaps in handling personal data....
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Why crypto execs say one investor did not manipulate Bitcoin to $20,000

Several prominent blockchain company executives have said that a recent study claiming a single investor likely manipulated Bitcoin to its record high of $20,000 in December 2017 is misleading and that it is based on a misunderstanding. The study, done by John Griffin and Amin Shams from University of Texas and Ohio State University, noted...
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HODL Wins: The Majority Would Prefer Holding Bitcoin Than Gold

When it comes down to investing, Bitcoin and gold have been heavily compared. According to a new poll initiated by the former Congressman of Texas, however, Bitcoin is seriously preferred over Gold and other investment options. 10-year Investment Survey Ron Paul, the former congressman from Texas, initiated a poll on Twitter asking people what they...
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Stellar Foundation Burns 55 Billion XLM Tokens, Half of the Total Supply

Lumens (XLM) token price jumped high as the Stellar Foundation decided to burn almost half of its total XLM supply. During the Stellar Meridian conference on Monday, November 4, the Stellar Development Foundation CEO Denelle Dixon disclosed that they have burned 55 billion Lumens (XLM) tokens which is half of the overall cryptocurrency supply. Earlier...
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Tron Network Welcomes Six New DApps on Board But Loses Dominance

The Tron Foundation has recently been working together with Samsung, a partnership that appears to have given it a much-needed boost. In its weekly report, the foundation has provided a detailed elaboration on the developments that have been taking place in its network in the past week or so. Tron Network Weekly Report In its...
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Crypto Community Skeptical About XLM Coin Burn

There has been a mixed reaction to the big XLM coin burn that has just been carried out by the Stellar Development Foundation. The crypto community has been largely skeptical over the control that project founders still have over their token supplies. Stellar Burns 55 Billion, XLM Surges A few hours ago it was announced...
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Bitcoin Future Flash Crashes by $1,000 to Fill CME Gap: Cleared for Takeoff

The Friday before last, the Bitcoin futures contract on the Chicago Mercantile Exchange (CME) closed the week at $8,715. It was a strong performance, especially considering that on Wednesday of that week, the leading cryptocurrency had plunged to $7,300 in a flash crash event.The thing is, shortly after the CME closed up shop for the...
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Stellar (XLM) Surges 14% Following SDF’s Massive 55 Billion Lumens Token Burn

The Stellar Development Foundation (SDF), a non-profit entity established in 2014 to support the ongoing development of the open-source Stellar protocol, has burned 55 billion of its XLM tokens, which accounts for half of the digital currency’s circulating supply. Denelle Dixon, CEO and executive director at the SDF, confirmed during the Stellar Meridian conference on...
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Will Stellar (XLM) Price Surge With Half of Its Supply Burnt?

To reshuffle its development strategy, the Stellar Development Foundation (SDF), has burned around 55 billion Lumen tokens. As per a Medium post, the SDF drastically reduced the token supply of Lumen tokens from 105 billion to around 50 billion. The burnt tokens were worth $4.7 billion USD. The burnt tokens are from the foundation’s supply,...
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Study: 76% of Americans don’t want to give up their paper money

Guest post by Marco Streng from Genesis Mining Marco is the Co-Founder of Genesis Mining. A cashless society is coming, and it’s only a matter of time. Perhaps you have noticed the steady trend aimed at eliminating cash as a means of exchange. Those who have recently attended a sporting event as Atlanta’s Mercedes-Benz Stadium...
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Stellar Development Foundation burns 55 billion XLM; terminates giveaway programs

Stellar Development Foundation [SDF] is in the news again after the platform burnt more than half of its native cryptocurrency, Stellar Lumens [XLM]. As per the official blog post released by the SDF, 55 billion XLM worth $4.4 billion were burnt as part of a new set of strategic development goals of the platform. There...
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Bitcoin (BTC) Price Showing Positive Signs But Lacking Momentum

Bitcoin price is up around 3% and it climbed above the $9,400 resistance against the US Dollar.The price is currently correcting lower after tagging the $9,600 resistance area.There is a key bullish trend line forming with support near $9,340 on the hourly chart of the BTC/USD pair (data feed from Kraken).Both Ethereum and ripple are...
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Altcoins Leading Crypto Market Gains, Are Pump And Dumps Back?

A further $6 billion has been added to total crypto market capitalization over the past 24 years and it is altcoins that are leading the gains. A big dose of Chinese FOMO boosted home grown projects there and Stellar’s coin burn is igniting some them this morning, but are they destined to dump again?Crypto Cap...
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Equilibrium and EOSDT to host Crypto DeFiance event during BlockShow Asia 2019 and give a $5000 grant for the best DeFi idea

Premier blockchain conference BlockShow Asia, the DeFi developer framework Equilibrium, and the EOS-based decentralized stablecoin EOSDT will host the inaugural edition of its Crypto DeFiance event in Singapore on November 16. Crypto DeFiance will unite blockchain pioneers, dApp developers, cryptocurrency traders, and the global community of crypto enthusiasts for a day of keynote presentations, panel...
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Crypto Market And Bitcoin Eyeing Gains: BNB, BCH, LTC, EOS Analysis

The total crypto market cap is holding a key support and climbing above $240.0B.Bitcoin price is gaining traction and it recently surpassed the $9,400 resistance area.Litecoin (LTC) price is up more than 5% and it is now trading above the $60.00 resistance area.BCH price is slowly rising again towards the $300 and $305 resistance levels.EOS...
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Ripple (XRP) Price Climbs Above $0.30, BTC & ETH Gaining Traction

Ripple price is gaining momentum and it recently climbed above $0.3000 against the US dollar.The price traded towards the $0.3050 resistance area and it is currently correcting lower.Yesterday’s highlighted key bearish trend line was breached with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken).There was a decent rise...
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China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin

Officially Bullish on blockchain technology, China is now reportedly censoring anti-blockchain sentiment. Meanwhile, a popular Chinese app with over 100 million active users has recommended a course on bitcoin, blockchain, and smart contracts. The app is designed to teach “Xi Jinping Thought.” Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Anti-Blockchain...
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Ethereum (ETH) Eyes Fresh Rally To $200, Bitcoin Up 3%

Ethereum price is rising and it broke the key $185 and $186 resistance levels against the US Dollar.Bitcoin is up around 3% and it managed to climb above the $9,400 resistance.There is a new bullish trend line forming with support near $185 on the hourly chart of ETH/USD (data feed via Kraken).The pair remains supported...
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Has Stellar (XLM) Followed Ripple (XRP) With Massive Crypto Supply Manipulation?

A few hours ago the Stellar Development Foundation burnt a whole bunch of XLM. Ripple have also been fiddling with crypto token supply recently in a possible ploy to inflate token prices. Stellar Lumens pumped 25% on the announcement and XRP also got a lift, but are they connected?Stellar Pumps On Crypto Token BurnJust a...
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Stellar burns half of total supply, XLM price jumps 15% in minutes

The total supply of the tenth-largest cryptocurrency by market capitalization, Stellar Lumens (XLM) was literally just cut in half in an unprecedented move in the history of blockchain. This has resulted in a massive price surge for the altcoin, which is now trading up 20 percent in the past few hours. Stellar slices supply of...
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Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 Rally

Crypto commenters have torn into a new research paper alleging a single whale caused bitcoin’s 2017 price rally. The paper, reported prominently in Bloomberg and the Wall Street Journal, has been criticized for failing to understand that mass inflows of tether (USDT) to the cryptoconomy are not indicative of a single source accounting for all...
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