The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain. This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC is currently the second largest stablecoin in the market behind Tether (USDT). Circle said that USDC is expected to be available on Stellar in Q1 2021. USDC is primarily hosted on Ethereum, which holds virtually the entirety of its supply at $2.7 billion. Algorand was onboarded in June 2020, though it found limited success — …

Altcoins got crushed in their respective BTC pairs as Bitcoin (BTC) price decided to break out of the two-month-old range and reach as high as $11,400. However, some altcoins did relatively well and a few top-10 cryptocurrencies showed strength while the price of Bitcoin was climbing. These included EOS (EOS), Litecoin (LTC) as well as XRP (XRP), which also showed strength by reaching a price level of $0.23. Crypto market daily performance. Source: Coin360 XRP breaks through 100-day and 200-day moving averages The USDT pair of XRP is showing substantial strength as it broke above the $0.20 level. Aside from …

Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar's blockchain — one of the results of the SDF's $5 million investment in Abra earlier in 2020. During the SDF's digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra's focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an "interest-earning capability" expected to hit the market in the coming weeks. Abra details upcoming features and capabilities "This allows consumers, for example, people who …

The Stellar Development Foundation, or SDF, announced the official integration of its blockchain ecosystem into Samsung’s Blockchain Keystore on July 15. This integration aims to provide a solution for Stellar end-users to store private keys on selected Galaxy smartphones. According to the announcement, developers from the Stellar ecosystem will be able to create blockchain-related apps and services for Samsung Galaxy smartphone owners. Recruiting for the Stellar blockchain ecosystem Denelle Dixon, CEO and executive director of the Stellar Development Foundation, commented on the partnership with Samsung: “Stellar’s integration into the Samsung Blockchain Keystore is a significant step for our network and …

Even though in most western countries today, matters related to religion and money have been independent of one another. However, in Islam, especially those following the Shariah code of ethics, the two are intertwined inextricably. Also, in the past, there have been serious efforts to introduce crypto within the world of Shariah-based cooperative finance, such as the Stellar Network and Halal Chain. By and large, this market is still quite nascent and not as mature as many from within the region would like it to be. In this regard, according to a landmark announcement made by the Securities Commission of …

At various points throughout 2020 Bitcoin (BTC) was correlated with gold. During these phases BTC was acting as an uncorrelated asset, but now it has become highly correlated to the S&P 500. This suggests that the top-ranked cryptocurrency on CoinMarketCap has been finding acceptance among various groups of traditional investors during different stages of the current coronavirus pandemic induced economic crisis. Crypto market data daily view. Source: Coin360 Bitcoin’s volatility has dropped in the past few days but select altcoins have been rallying sharply, prompting analysts to predict that a new altcoin season has arrived. If Bitcoin shakes out from …

Alternative cryptocurrencies, or altcoins, have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks. But several larger-cap cryptocurrencies have also been posting serious gains such as VeChain (VET), Stellar (XLM), Cardano (ADA) and Chainlink (LINK). Cryptocurrency market performance in the past 7 days. Source: Coin360 Top ten top performers in the crypto market in the past week In the past week, VET, XLM, ADA, ALGO, LINK, BSV, ATOM, XRP, CRO and ETC outperformed the rest of the market including Bitcoin, which gained just 1.13% during the period. The chart below …

Coronavirus cases across the globe topped 10 million today and the number of new cases in the U.S. has risen to new records in the past few days. This has put the economic revival in jeopardy as equities markets could face selling pressure. Meanwhile, safe haven assets like gold continue to perform well. Crypto market data daily view. Source: Coin360 Earlier this week Bloomberg analyst Mike McGlone said that the drop in Bitcoin’s (BTC) volatility has resulted in tightening of the Bollinger Bands, a popular technical analysis indicator used by many traders. McGlone expects that the top-ranked cryptocurrency on CoinMarketCap …

Last week, Cointelegraph organized another episode of “CT Talks” dedicated to addressing challenging issues in the crypto and blockchain space: on diversity and inclusion. The blockchain space is known for openness, transparency and a strongly liberal environment, but our industry does not always demonstrate these values. During the panel, several ideas were discussed on how the crypto industry’s intrinsic openness can be highlighted in our daily work and life. Amplifying diverse voices and encouraging public commitment was the answer of Sheila Warren, head of blockchain, digital assets and data policy at World Economic Forum: “Part of what I see as …

Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into Bitcoin (BTC) indicates that he is concerned about inflation and believes that cryptocurrencies could benefit in such an environment. Following the recent growth and popularity of Grayscale’s Bitcoin Trust security in the past few months, investment firm Wilshire Phoenix has filed an application with the U.S. Securities and Exchange Commission to launch a publicly traded Bitcoin fund. If the fund gets the green signal it is likely to attract institutional investors. Crypto …

A report published by blockchain and AI investment firm Outlier Ventures has found a decline in developer activity of roughly 20% on average across 12 leading blockchain and cryptocurrency projects. In Outlier Ventures’ Blockchain Developer Report for the second quarter of 2020, the firm notes that development fell by half for top markets Bitcoin Cash (BCH), Eos (EOS), and Tron Tron (TRX). Despite the retraction in building, the firm notes that some signs of strong developer activity surrounding various crypto projects, with Theta (THETA) and Cardano (ADA) seeing increases in core code updates of 931% and 580% respectively. Top crypto …

Cointelegraph Talks’ third event kicks off at 1 p.m. EST on Tuesday, with the event set to tackle the issues of gender and diversity in the crypto sector. The hour-long discussion will be hosted by Cointelegraph managing editor Kristina Lucrezia Cornèr and include a panel featuring three of crypto’s most-influential women: the World Economic Forum's head of blockchain, digital assets and data policy, Sheila Warren; Stellar Development Foundation's CEO and executive director, Denelle Dixon; and Avandis Consulting's founder and managing director, Anino Emuwa. The event will be streamed free of charge on Twitter, Facebook and YouTube, with Eventbrite processing registrations …