United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Stellar Lumens, according to an announcement published on March 18. The update states that users can now store, buy, and send Stellar’s cryptocurrency, the Stellar Lumen (XLM), on the Coinbase website, as well as on the Coinbase iOS and Android apps. The publication underlines that the newly added cryptocurrency will be available for the majority of the customers, with the exception of Coinbase users in the United Kingdom or in the U.S. state of New York. Last week, the company’s professional trading platform, Coinbase Pro, announced the …

Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM and Stellar during a keynote at Money 2020 Asia in Singapore, financial news channel Cheddar reported on March 18. As previously reported, IBM’s cross-border payment network, Blockchain World Wire (BWW) was launched in collaboration with Stellar (XLM) in September 2018. BWW, which went live today and reportedly has over 44 banks on service, aims to leverage cryptocurrencies to enable near real-time international settlements between banks. …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Ethereum (ETH) co-founder Joseph Lubin expects the global economy to grow 10 times in the next 10 to 20 years, powered by the mass use of blockchain technology. According to him, the current condition of the nascent space is similar to the use of email in 1983, when only a handful of early …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets are showing the first signs of bottoming out. Most cryptocurrencies are well above their yearly lows and are starting new uptrends. Every bull phase has a new set of leaders. Therefore, it is important to note the digital currencies that are pulling the market higher, as these are the ones …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. In a recent interview, United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton said that he is concerned about manipulation and custody services in the crypto space. If these issues are addressed and if any Bitcoin ETF satisfies their rules, it might stand a chance of getting the green light. While crypto markets …

The Stellar Development Foundation announced the appointment of former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director. The company announced the event via a press release published on March 14. The current executive director and co-founder of the foundation, Jed McCaleb, will now focus on the network protocol and adoption strategy as chief architect. Per the press release, during her work at Mozilla, Dixon reportedly led the company’s fight for net neutrality and control over personal data. McCaleb commented in the press release, stating that Dixon’s advocacy for an open internet, encryption …

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions. “More than a few banks around the world [...] see tremendous business benefit to issue stablecoins in their native fiat currency,” he said. When asked how IBM’s solution compares …

Wednesday, March 13 — cryptocurrencies continued trading sideways today, with most of the top 20 cryptocurrencies by market capitalization seeing moderate price changes since yesterday. Market visualization from Coin360 Bitcoin (BTC) has managed to hold the $3,900 price threshold by press time, staying relatively stable since March 6. However, the biggest cryptocurrency dropped below the price point earlier on the day, with the intraday low of $3,891. At press time, Bitcoin is trading at $3,910, down around 0.01 percent over the past 24 hours. Bitcoin 30-day price chart. Source: CoinMarketCap Ethereum (ETH), the second largest cryptocurrency by market cap, is …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Barclays internet analyst Ross Sandler believes that a cryptocurrency by Facebook could add $19 billion to its revenue by 2021. If that happens, it will help expand the reach of cryptocurrencies and will be a major sentiment booster for the whole sector. Overstock.com’s blockchain subsidiary, Medici Ventures has purchased a 5.1 percent stake in …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Binance CEO Changpeng Zhao recently tweeted that sooner or later, almost everyone will be directly or indirectly connected to cryptocurrencies. This is a strong statement. If proven correct, the market capitalization of the digital currencies will shoot up, well above the current level of $133 billion. Zhao said that he is certain of a …

Monday, March 11: Bitcoin (BTC) led a broadly stable start to trading in cryptocurrency markets today, with the largest cryptocurrency barely moving over the weekend. Market visualization from Coin360 Data from Coin360 and CoinMarketCap confirmed the continuing stability for Bitcoin and many major altcoins on Monday, with BTC/USD down around 0.15 percent to trade around $3,900. The area just below the $4,000 price point has proven attractive for Bitcoin for the past five days, ever since it entered from trading closer to $3,700. As Cointelegraph reported, cracking $4,000 has proven too difficult a test in recent times, with an earlier …

Sunday, March 10 — most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) is falling towards the $3,900 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down just under 1 percent on the day, trading at around $3,931, according to CoinMarketCap data. Looking at its weekly chart, the current price is over 2 percent higher than $3,845, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) is holding onto its position as the largest altcoin by market …