Stellar Lumens (XLM)

$0.085195 (-5.96%)

XLM/BTC

0.00000930 BTC (-4.81%)

XLM/USD

$ 0.085195 (-5.96%)

Stellar Lumens Discussion

Investors3  Jul 09 2020 15:30
[b]Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020[/b] HELEN PARTZ JUL 06, 2020 A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities. Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hubâ€￾, the new venture aims to promote blockchain and artificial intelligence, or AI, education. They also hope to provide Kenyans with more work opportunities. [b]First African blockchain hub launched by Akoin and Effect.AI[/b] A joint initiative of Akon’s blockchain startup Akoin and EOSIO-powered project Effect.AI, the hub is set to launch in Q4 2020 and will be the first initiative of its kind in Africa, the companies announced to Cointelegraph on July 1. The project will be handled by Akon’s philanthropic arm, the Akon Foundation. The Kenyan Opportunity Hub will be the first African blockchain hub in a series of so-called Akon-Effect Opportunity Hubs. At these hubs, people will be able to access AI and blockchain-related education as well as online work paid in cryptocurrency on Effect.AI’s blockchain platform. According to a joint announcement, the hub is likely to be located near Mwale Medical and Technology City, a project run by United States engineering firm, KE International. By building the hub close to Mwale, the creators intend to unlock more work opportunities like tech-powered medical record translation. [b]Effect.AI runs a similar hub in the country of Georgia[/b] As announced, the Kenyan Opportunity Hub will benefit from the experience of a similar Effect.AI’s hub that is already operating in Rustavi, Georgia. Launched in partnership with the United Nations Development Program in 2019, the initiative seeks to boost industry job opportunities and promote tech knowledge. Headquartered in the Netherlands, Effect.AI project is a decentralized AI network operating on the EOS blockchain. Cointelegraph reached out to Effect.AI and Akoin to find out more about the Kenyan blockchain hub initiative. This article will be updated pending any new information. [b]Akon’s “crypto revolutionâ€￾ plans[/b] News of the Kenyan blockchain hub comes soon after Akon was awarded a $6 billion contract to build a cryptocurrency city in Senegal. The project envisions the construction of a “100% crypto-based cityâ€￾ featuring Akon’s Akoin cryptocurrency. Akon’s ambitious plans on pushing mass adoption of blockchain technology in Africa is part of his long-running African “crypto revolution.â€￾ Alongside plans to build crypto cities and hubs in Africa, Akon is also planning to issue his own cryptocurrency to enable the tokenized trading of mobile phone credits, which are used as a currency in Africa. The upcoming token, known as Akoin, [u]is planned to be issued on the Stellar blockchain.[/u] The utility token will power “atomic swapsâ€￾ between crypto, fiat, and mobile phone credits on the Akoin network.
Investors3  Jun 19 2020 20:21
Zoom Will Offer End-to-End Encryption to All Users FELIPE ERAZO JUN 18, 2020 The video conference app will launch its end-to-end encryption in July 2020 in a beta stage for both free and paid users https://cointelegraph.com/news/zoom-will-offer-end-to-end-encryption-to-all-users On June 17, the popular video conference app, Zoom, officially announced that end-to-end encryption, or E2EE, has finally arrived for their software. It will be provided to both free and paid users, so long as their account has passed the company’s verification process. According to the announcement, during the beta phase that will start from July, users should verify their phone numbers via a text message. The aim of this step is to prevent the mass creation of abusive accounts. Zoom commented: [i]“We are confident that by implementing risk-based authentication, in combination with our current mix of tools - including our Report a User function - we can continue to prevent and fight abuse.â€￾[/i] The company says that all Zoom users will continue to use AES 256 GCM transport encryption as the default encryption, which they rate as “one of the strongest encryption standards in use today.â€￾ [b]E2EE as an optional function[/b] According to Zoom’s whitepaper, E2EE will be an optional feature that limits some meeting functionality, such as the ability to include traditional PSTN phone lines or SIP/H.323 hardware conference room systems, says Zoom. [u]On May 7, Keybase, a secure messaging and cloud-based file-sharing services funded by the Stellar Development Foundation, became a subsidiary of Zoom.[/u] Its team will lead security engineering work to develop an end-to-end encryption feature available for paying customers. Keybase co-founder, Max Krohn, joined Zoom as the lead of its security engineering team.[u] Keybase’s services are verifiably signed by Keybase and hashed into the Stellar blockchain.[/u] [b]Recent controversies[/b] Although its stats have skyrocketed due to the COVID-19 pandemic, Zoom has been accused of sending data from users of its iOS app to Facebook, and making false claims that video calls were encrypted, while half a million Zoom accounts have recently surfaced on the darknet. On June 02, the Zoom’s CEO, Eric Yuan, said that they hope to create space for collaboration with the FBI and other authorities. As reported by Cointelegraph, Zoom’s security failures have stimulated the development of blockchain-based video chat solutions.
Investors3  Jun 17 2020 17:04
Cointelegraph Talks Recap: Challenges and Opportunities on the Road to Diversity and Inclusion in Crypto KRISTINA LUCREZIA CORNÈR JUN 16, 2020 Women experts from the World Economic Forum, Stellar Development Foundation and Avandis Consulting discussed issues relating to diversity and inclusion with Cointelegraph. https://cointelegraph.com/news/cointelegraph-talks-recap-challenges-and-opportunities-on-the-road-to-diversity-and-inclusion-in-crypto Last week, Cointelegraph organized another episode of “CT Talksâ€￾ 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: [i]“Part of what I see as my role is really amplifying the voices that aren’t often represented. I think it is kind of an obligation that every leader in this space has. And it’s easy to do because a lot of innovation is happening in spaces that are underrepresented in technology. So there’s kind of a twofer: You can talk about really exciting things happening and also they happen to be happening in places that aren’t really presented.â€￾[/i] Warren also encouraged everybody to follow her example and sign on as an accomplice to Black Tech for Black Lives, which has just launched. Her organization, the WEF, has also launched Presidio Principles, a document that provides blockchain app developers baseline guidance on maintaining user rights to transparency, privacy, full disclosure and control of personal assets. [i]“There are a lot of things you can do personally and as an organization to show and then hold yourself accountable to those commitments you make. That is demonstrating that you are taking it seriously and you’re putting something kind of concrete.â€￾[/i] Denelle Dixon, CEO and executive director of the Stellar Development Foundation shared her thoughts on demonstrating the openness of the crypto and blockchain space, highlighting the importance of one-to-many conversations instead of one-to-one: [i]“In SDF we focused on our open-source background. What that means is that you just don’t stay opening your code, but you stay open as an organization. In order for us to create the impact that we want and to be able to bring that wallet to someone in Nigeria who did not have a bank account before but can now transact and buy stocks in companies in the United States, you need to understand their views and their challenges and not just sit here in the United States and think what those might be.â€￾[/i] [i]Once we get to that place with blockchain where it is not just this ‘blockchain’ word or this ‘crypto’ word that people sometimes shut down at because they don’t really understand it, and we get down to this simplicity and ease of use and those user experiences that just make sense — that’s how we actually really make this powerful.â€￾[/i] Another participant of the panel, Anino Emuwa, founder and managing director of Avandis Consulting added the point about the importance of leadership in promoting the values of diversity and inclusion that the industry supports: [i]“It certainly starts with leadership. Leadership always sets the tone and leaders are accountable. And it helps to fit down through the system as well. Certainly, the industry is shaking off some of the negative view, at the beginning of it being a place of cowboys and the dark side of it. And also with women’s incomes and with the female economy, women began investing and it becomes easier to use. Those little signs that we see are signs that we need to encourage in order to get to gender diversity and not only women in terms ofinvestors, but also involved in the industry as analysts, developers and company leads. We have Bancor and Binance led by females and those give very good signals.â€￾[/i] The road to diversity and inclusion is full of pitfalls and challenges, but the most simple steps are also the ones that make the biggest impact, and talking about existing problems and opportunities is key to driving progress. Check the full discussion on the Cointelegraph YouTube channel. Cointelegraph Talks is a series of online meetups where crypto and blockchain experts discuss challenging topics in the space. Keep posted for new episodes on Cointelegraph YouTube.
Investors3  Jun 01 2020 21:45
Stellar Invests in SatoshiPay’s B2B Cross-Border Solution JOSHUA MAPPERSON MAY 28, 2020 The Stellar Development Foundation invests a further $550K to develop SatoshiPay’s cross border B2B payment solution. https://cointelegraph.com/news/stellar-invests-in-satoshipays-b2b-cross-border-solution The Stellar Development Foundation (SDF) has invested a further $550,000 — paid in XLM — in Berlin-based instant payment platform SatoshiPay. The SDF’s third investment in SatoshiPay brings the Enterprise Fund’s investments for the year up to a total of $6.3 million. [b]Branching out[/b] SatoshiPay has processed more than 650,000 Euros from over 200,000 accounts, and their wallet, Solar has been downloaded by 25,000 users spanning 40 countries. The latest investment will help grow SatoshiPay’s new product, which allows businesses to conduct cross-border B2B payments, branching out from their original micropayments solution targeted at online content producers. “As one of the first businesses on Stellar, SatoshiPay has demonstrated how this technology enables innovation, leveraging the network to create a growing platform for instant global payments,â€￾ said SDF CEO and Executive Director Denelle Dixon. [i]“Their use cases speak to the scalability and sustainability and growth opportunities for businesses building on the network. We’re proud to support their growth with this investment.â€￾[/i] [b]A growing investment fund[/b] Founded in 2014, the same year as SatoshiPay, the SDF has shown continued support for them explains SatoshiPay CEO, Meinhard Benn: [i]“Our growth over the years wouldn’t have been possible without the SDF, who has been an essential partner to us in the development of our technology which continues today with this investment.â€￾[/i] The SDF’s investments this year have included other fintech startups, with $5 million invested in crypto wallet and exchange platform Abra for and $715k invested in borderless investment platform SDTOQ.
Investors3  May 04 2020 16:56
[b]Stellar Foundation and Elliptic Ink Exclusive Deal[/b] BENJAMIN PIRUS The Stellar Development Foundation unveiled a partnership with Elliptic, adding transparency capabilities for Stellar-based businesses. https://cointelegraph.com/news/stellar-foundation-and-elliptic-ink-exclusive-deal The Stellar Development Foundation, or SDF, a non-profit tasked with fostering Stellar's network growth, unveiled new ties with crypto risk-management operation, Elliptic, on April 30. The partnership sees the SDF calling on Elliptic's crypto risk expertise for businesses and financial institutions based on Stellar blockchain, SFD director of communications Lauren Thorbjornsen told Cointelegraph in an April 30 email. "These services are live and available for businesses on the network today as Elliptic launched the world’s first Stellar network transaction monitoring system," she said. [b]What does it all mean?[/b] Essentially, Elliptic now brings Stellar-based businesses the ability to track suspicious and fraudulent activities, such as transactions, adding transparency for criminal prevention and regulatory requirements. "The integration also enables the rapid addition to Elliptic’s platform of other Stellar-based assets such as stablecoins supporting the wider ecosystem," Thorbjornsen added. Elliptic adds wallet examination and XLM tracking potential to Stellar's camp, an April 30 statement from the SDF detailed. [b]The move helps regulation?[/b] Over the last several years, the blockchain industry has seen an influx of regulation, particularly in the U.S. As governing bodies expand customer verification requirements, related businesses in the sector must also equip themselves with the right tools to facilitate those requirements. Stellar sees the collaboration as a way to stay on top of regulation that is sure to continue across the industry in the coming days. "It’s an important step for crypto businesses and financial institutions built on the Stellar network to have ready access to transaction monitoring services," [color=blue]Thorbjornsen said, adding:[/color] [i]"These tools, combined with the built-in compliance functionality of the Stellar network, equip our users with stronger tools to manage risk and operate with transparency and accountability. Elliptic also works closely with law enforcement agencies to assist in identifying and disrupting criminal behavior."[/i] [b]What does 'exclusive partnership' mean in this instance?[/b] As the term 'exclusive' can take on multiple meanings, Thorbjornsen clarified what the partnership details in this instance. "Elliptic will be the preferred provider of the Stellar network," she said, adding,: [i]"SDF worked with Elliptic to build the infrastructure and complete the technical integration with the Stellar network, so new and existing businesses on Stellar are now able to use Elliptic’s market-leading services for their compliance needs."[/i] Last month, the SDF also unveiled a donation solution that matches U.S. dollar donations with an equivalent amount of XLM.
Investors3  May 04 2020 16:15
Ripple Co-founder Jed McCaleb (The Stellar CTO) Sold 54 Million XRP in April https://ih.advfn.com/stock-market/COIN/XRPUSD/crypto-news/82364695/ripple-co-founder-jed-mccaleb-sold-54-million-xrp Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity. [b]Ripple Co-founder Jed McCaleb Sold 54 Million XRP in April[/b] TURNER WRIGHT https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity. Analyzing known wallets for Ripple co-founder Jed McCaleb shows he sold off at least 54 million XRP between April 1-30. According to a May 2 report by TheCryptoAssociate based on data from McCaleb’s known addresses, the Ripple co-founder appears to be liquidating his supply of tokens on a regular basis. Data shows that the wallet address supposedly used by McCaleb to sell XRP received an average of 1.8 million tokens daily in April, totaling 54,215,405 XRP — $11.7 million at the time of press. [b]Billions of XRP left to sell [/b] McCaleb is a key figure in cryptocurrency’s history, having created the Mt. Gox exchange and [b]co-founded Stellar[/b]. He also co-founded OpenCoin in 2012, which later became Ripple, and was allocated 9.5 billion XRP when the 100 billion supply was pre-mined. This large supply of coins has led to controversy surrounding McCaleb when he announced his intention to sell his portion of XRP, a declaration that caused the token price to fall 40% within 24 hours. He then negotiated a seven-year agreement with Ripple that limited his monthly and annual sales of XRP. As Cointelegraph has reported, [u]the Stellar CTO still has billions of XRP tokens available in his wallets — nearly 4.7 billion as of February 2020. In response to concerns as to how his behavior might influence the XRP price, McCaleb told Cointelegraph that he has been selling his XRP “at a slow, steady rateâ€￾ and has no desire to “negatively impact other companies in this industry.â€￾ [/u]
Investors3  May 01 2020 00:04
Stellar Lumens transactions will be monitored for illicit activity Avatar By REYNALDO May 1, 2020 https://www.crypto-news-flash.com/stellar-lumens-transactions-will-be-monitored-for-illicit-activity/ * Stellar Lumens Development Foundation announces exclusive cooperation with Ellitptic, a firm that provides risk management solutions for crypto businesses and financial institutions. * The cooperation will allow Ellitptic to monitor the Stellar network for any illicit activity. The Stellar Development Foundation has announced its cooperation with Elliptic, a risk management solutions firm for cryptocurrencies companies and financial institutions. According to the statement, the cooperation aims to bring greater trust and security to the Stellar network. To achieve this, Elliptic’s world-first XLM transaction and wallet screening capabilities for XLM has been launched. In addition, the crypto risk firm launched scanning capabilities for XLM wallets. These products were developed over months, along with an infrastructure that allows Stellar to support Elliptic. The risk management firm will use its capabilities to monitor the network for deep web searches, identify money laundering patterns, and collect important data that “links XLM accounts to known entitiesâ€￾. [b]Reduced privacy for a more secure Stellar Lumens network[/b] Elliptic’s services are available since yesterday, April 30th 2020. The firm is backed by major investors such as Wells Fargo Strategic Capital, the SBI Group and Santander Innoventures. According to the press release, Elliptic’s monitoring software will be compatible with Stellar Lumens. Elliptic’s services have allowed financial institutions, businesses and regulators to identify illicit activities in exchanges and other entities. The cooperation will also allow the rapid addition to Elliptic’s platform of other Stellar-based assets such as stablecoins. Therefore, having cooperation with Elliptic could encourage the adoption of Stellar Lumens by financial institutions. Denelle Dixon, CEO of the Stellar Development Foundation, says: [i]Elliptic sets the global standard in preventing, detecting and actively pursuing criminal activity in this emerging industry. Combining their services with the built-in compliance functionality of the Stellar network, we are empowering crypto businesses and financial institutions with stronger tools to manage risk and operate with transparency and accountability.[/i] Simone Maini, Elliptic’s CEO said that the cooperation will give a boost to companies that want to comply with the requirements, laws and regulations that have been imposed on crypto space. Maini added: [i]As regulations mature, it will become increasingly important for crypto-asset issuers and platform developers to enable their users to stay compliant if adoption is to grow. The Stellar Development Foundation has been ahead of the curve in working with Elliptic on this.[/i] However, some members of the community have criticized the cooperation. Last year, Elliptic was involved in a scandal when the company was accused of allegedly selling private data on its Coinbase clients. So it remains to be seen what the reaction of users and developers on the Stellar network will be.
Investors3  Apr 27 2020 21:45
Major Donations Are Coming From Crypto Industry to Fight COVID-19 JINIA SHAWDAGOR APR 26, 2020 These crypto firms are joining the fight against COVID-19. Will this move highlight the benefits of cryptocurrencies and establish the industry? https://cointelegraph.com/news/major-donations-are-coming-from-crypto-industry-to-fight-covid-19 All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their support. In the cryptocurrency industry, companies such as BitMEX, Binance and the Stellar Foundation have been making headlines week after week for being at the forefront in an attempt to make sizable donations to COVID-19 relief funds. Here is a look at some of the biggest and most remarkable donations from crypto-related companies. [b]Binance[/b] As early as Jan. 25, Changpeng Zhao, the CEO of a top-ranking crypto exchange Binance, announced in a tweet that his company has pledged to donate $1.5 million (10M RMB) to help the victims of the coronavirus in Wuhan, China. The funds are to be donated to the Chinese authorities to purchase medical supplies in the wake of the disastrous pandemic. Through Binance Charity, a nonprofit blockchain-powered donation arm of the company, an initiative titled “Binance for Wuhanâ€￾ that kicked off by supplying 20,000 testing kits, 366,000 pairs of gloves, 5,280 bottles of hand sanitizer and 388 oxygen concentrators among other kinds of supplies. Binance Charity went further, announcing a new fundraising project that aimed to tackle the coronavirus globally. The company aims to raise $5 million in cryptocurrencies that would go toward buying medical supplies for countries most affected by COVID-19. Helen Hai, the head of Binance Charity, said that: “The most important element of human life is to show compassion and help others as we can, without the limitation or restriction of borders.â€￾ [b]Stellar Foundation[/b] At the beginning of April, the Stellar Development Foundation announced the launch of the XLM-donation-matching program powered by Stellar-based Lumentrhopy, a fundraiser that helps charitable organizations accept Stellar Lumens. One of the nonprofits, with which the SDF plans to match donations, is with the Tor Project. Reports indicated that SDF is set to match donations to a total of $79,300, which adds up to about 1.9 million XLM tokens. The Stellar Development Fund will also match donations to Unicef France; Heifer International, an organization fighting hunger through offering support for small scale farmers; and Watsi, a nonprofit that streamlines health care financing through building technology. In a conversation with Cointelegraph, Lauren Thorbjornsen, the director of communications and public relations at SDF, said: [i]“The Stellar Development Foundation is fortunate to have XLM reserves and an active community. Combining the power of those two things, we’ve been able to work together to help organizations (UNICEF, The Tor Project, Heifer International, Watsi, Freedom of the Press and Women Who Code) that are creating vital change in the world.â€￾[/i] She also mentioned that SDF has “worked with Stellar network partner, Lumenthropy, to give back to this group of charities,â€￾ which they believe are relevant to some of the pressing challenges given the unfolding crisis. [b]The Giving Block[/b] On March 23, The Giving Block, a company that helps nonprofit charitable organizations accept crypto donations, announced the start of the #cryptoCOVID19 alliance. The initiative wants to unite the crypto community in the fight against the coronavirus. Gitcoin, one of the partners in the campaign, kicked off the donation by matching $100,000 in Ether (ETH) on the Dai platform. The Giving Block has also partnered with the likes of Brave, Gemini and Axiom Finance to raise $500,000 in crypto donations. In response to a question about how the company ensures transparency throughout the process, Alex Wilson, the co-founder of The Giving Block, responded by saying: [i]“We vet all of the nonprofits we work with to make sure they are legitimate and putting the funds to good use. All the crypto donations (BTC, ETH, LTC, BCH, ZEC, GUSD) all go directly to the nonprofit’s wallets and can be converted to USD so they can use the funds on the front lines immediately.â€￾[/i] He also added that “all registered nonprofits must report their cryptocurrency donations and include it in their annual filings.â€￾ [b]Ripple Labs[/b] In a commitment to the global response by organizations and individuals concerning the COVID-19 pandemic, Ripple Labs announced its donation of $200,000 on March 25. The company has donated $100,000 to the Tipping Point Community, a nonprofit organization based in San Francisco, which later raised the total donation to $1.1 million for victims of the coronavirus in the U.S. Besides, Ripple Lab’s donations will also go to the Silicon Valley Community Foundation, which is a dedicated regional fund in response to the coronavirus outbreak in Silicon Valley. While dwelling on the impact and transparency of donations during this period, Cointelegraph spoke to a Ripple spokesperson who said that: “Ripple is working with local Bay Area partners who are on the frontlines to help our communities who have been heavily impacted by COVID-19.â€￾ The spokesperson continued: [i]“Ripple and its co-founder, Chris Larsen, have together donated $5 million to local food banks and meal service providers to combat food scarcity, and $1.1 million to the COVID-19 emergency funds of Tipping Point, an organization leading the local crisis response.â€￾ [/i] [b]BitMEX[/b] BitMEX, the derivatives exchange backed by Arthur Hayes, recently announced that it is donating a total of $2.5 million in support of the fight against the coronavirus. In an announcement, BitMEX stated that the funds will be directed to four organizations at the forefront of the fight against the pandemic. These organizations include a biosecurity program called the Nuclear Threat Initiative, the Gates Philanthropy Partners, Our World in Data and OpenMinded. In a statement, Hayes said that the company is “committed to thoughtful grant-making and ensuring thatâ€￾ its “actions during the COVID-19 crisis can make the biggest impact now and in the future.â€￾ [b]Golem[/b] Golem, a computing network, is another contributor from the crypto sector to join the fight against COVID-19 through the Folding@Homes project. Golem and blockchain platform Tezos have set aside hundreds of Tezos coins (XTZ) that will be given to the biggest F@H donor by the end of April. Cointelegraph reported earlier that there were around 20 teams from Tezos that had donated different resources to the F@H initiative by March 12. Another major contributor to the initiative is Ether miner CoreWeave, which has donated computational power of about 6,000 GPUs. Nvidia has also contributed toward the project by urging gamers to donate unutilized GPU computing resources. Notably, blockchain company Bitfury announced on March 31 that the Amsterdam-based firm had dedicated some of its GPU computer nodes to the “Folding@Homeâ€￾ research project to help organizations look into the coronavirus. [b]Real Items[/b] In a slightly different use of computing power, blockchain company Real Items announced that it would be working with microfiber manufacturer Tricol Group’s factories in Seattle and China to track the authenticity of their production of KN95 masks using blockchain technology. The United States Food and Drug Administration had recently approved the use of KN95 masks for health care workers, which are manufactured in accordance with Chinese rather than American standards, as N95 masks are becoming increasingly hard to find. [b]Jack Dorsey[/b] On April 7, Jack Dorsey, the CEO of Twitter and the founder of Square payment solution, announced that he had moved $1 billion to his newly started company called Start Small LLC, which currently aims to fight COVID-19. Notably, the fund is around 28% of his wealth. Dorsey promised that the funds will be operated transparently with a #startsmall tracker. Dorsey is also a well-known supporter of Bitcoin (BTC). Addressing the U.S. government, he proposed that they unite together to use existing technology such as Square’s Cash App to seamlessly help people during the pandemic — even the unbanked. [b]Crypto industry[/b] As more blockchain and crypto-related companies join the fight, it is becoming evident that blockchain technology can be used beyond solving the challenges of the financial world. According to some, such moments like these will push the dialogue forward on the subject of using cryptocurrencies daily. Related: Coronavirus Crisis Accelerates CBDC Race, Cash No Longer Untouchable For example, while Thorbjornsen believes that the dominance of paper cash is still strong, she agreed that the current pandemic will further increase talks about the use of blockchain technology and cryptocurrencies. According to Wilson, the pandemic has shown that the crypto community can collaborate despite various disagreements: [i]“COVID-19 has shown that the cryptocurrency community is willing to put differences aside and come together to support those in need during difficult times.â€￾[/i]
Investors3  Apr 27 2020 21:30
New Stellar Foundation Member Would Rather Buidl Than Hodl BENJAMIN PIRUS APR 23, 2020 One of the Stellar Development Foundation's recent hires said he is personally more concerned with industry growth than trading or holding individual assets. https://cointelegraph.com/news/new-stellar-foundation-member-would-rather-buidl-than-hodl International and Public Affairs professor, Ronaldo Lemos, a recent addition to the Stellar Development Foundation, or SDF, said his personal interests align more with industry growth than asset holding or trading. "I'm more into using crypto as a tool to improve public institutions," Lemos told Cointelegraph when asked about his crypto holdings and trading activities. [b]Lemos has worked with blockchain for governmental use cases[/b] The professor detailed a specific example of his blockchain endeavors, which includes working on signature verification via blockchain technology. "I am one of the co-founders of Mudamos.org, a blockchain-enabled platform that allows citizens to propose draft bills in Congress in Brazil using digital signatures," Lemos said, adding: [i]"Using Mudamos we have enable at last six new laws in Brazil at state, city and federal levels.[/i] [b]Working with Stellar in the process[/b] Looking to add general public awareness around Stellar with the team, Lemos expressed excitement in blockchain tech. "With any new technology, it takes time to build the network effects that drive mainstream adoption but it's worth the wait when it has the potential to change lives like Stellar does," he said. With accessibility issues, as well as other difficulties, the recently added SDF board of director member described the current financial system as outdated worldwide. He pointed toward Stellar as a solution. "In addition, from the very beginning of my work in blockchain tech, I have always thought it has a huge institutional potential, such as to build better digital IDs, better KYC processes, and help improve governmental services," Lemos added, referring to Know Your Customer practices. Cointelegraph Brazil covered Lemos' Mudamos project in 2019, explaining the endeavor's push for efficiency.
Investors3  Apr 27 2020 20:57
Stellar Foundation Adds College Professor and Dropbox Brass BENJAMIN PIRUS APR 22, 2020 https://cointelegraph.com/news/stellar-foundation-adds-college-professor-and-dropbox-brass The Stellar Development Foundation added two member to its board of directors, bolstering the experience held on its roster. The Stellar Development Foundation recently added two new members to its board of directors. In an April 21 statement provided to Cointelegraph, Dropbox chief communications officer, Lin-Hua Wu, as well as International and Public Affairs professor, Ronaldo Lemos, now sit on the foundation's board of directors. As a partner at PNM Advogados, Lemos also holds legal expertise. The Stellar Development Foundation, a non-profit entity formed approximately six years ago, looks after Stellar's open-source blockchain, pushing its progress. Similar to Ripple, Stellar aims to smoothen the world of global payments. [b]Wu comes with a background in tech[/b] Working for a mainstream company such as Dropbox, Wu logically adds technology know-how to the Stellar Development Foundation, or SDF, the statement said. Wu also formerly worked as Square's head of corporate communications. "At a time when education and awareness is more important than ever, Lin-Hua’s deep expertise in communications, branding, and finance will be an integral component to how we push blockchain technology into the mainstream," SDF CEO Denelle Dixon said in the statement. [b]Lemos adds legal and educational experience[/b] Lemos comes to the SDF with experience in the fields of law and academia. In addition to co-founding Rio de Janeiro's Institute for Technology and Society, Lemos also works as a professor at New York's Columbia University, according to information from the statement, as well as LinkedIn. "Ronaldo’s vast understanding of the challenges and opportunities of emerging technology, as a lawyer and academic, is vital as we seek to navigate the evolving regulatory and policy landscape," Dixon explained. Just a few weeks ago, the SDF gave out millions of its XLM coins to those in need, surrounding the coronavirus pandemic. Cointelegraph reached out to the SDF for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.
Investors3  Apr 27 2020 19:50
French Artist Launches Personal Crypto Tied to Value of His Career and Output ANA ALEXANDRE APR 21, 2020 https://cointelegraph.com/news/french-artist-launches-personal-crypto-tied-to-value-of-his-career-and-output Paris-based artist Ben Elliot is launching what he claims to be the first ever personal crypto backed by the market value of his artworks. Paris-based artist Ben Elliot’s efforts to revolutionize the artwork purchasing and collecting experience have resulted in what he claims to be the world’s first personal cryptocurrency directly pegged to a career. The Stellar blockchain-based digital currency is called Ben Elliot Token (BET) and is expected to launch in 2021. The value of the token will rise along with the market value of Elliot’s artwork. [b]Not a stablecoin though[/b] However, BET will not be a stablecoin as it may seem at first. “Ben Elliot Token is following my journey as an artist and my market value. Art goes up and down all the time but is a very stable asset if you consider that a young artist can only go up if he works well enough to make it happen,â€￾ Elliot explained to Cointelegraph. The artist says he chose Stellar because he likes the project and ambition behind the Stellar blockchain as it represents “one single network useful for different systems.â€￾ Currently, Elliot is working on the pricing mechanism functionality, which he expects to disclose closer to the end of 2020. When asked on what trading platforms he is going to list the token, Elliot said that he favors peer-to-peer exchanges, but did not name any of them at this point. [b]Collecting tokens as art[/b] BET is designed as a decentralized cryptocurrency. Elliot calls the token an artwork itself, saying that he hopes that BET will become one of the few new forms of art that will change the industry. Aside from collecting BET as an artwork, interested parties will be able to invest in it for profits, exchange with any other currency or spend it on artworks and events. Elliot further said: [i]“BET holders will be part of a community of forward-thinkers involved in the emerging conversations about the creative and financial fields. They will be able to access an online platform where we will offer a program of exhibitions and exclusive contents. They will also be offered to participate in IRL events where they can gather with other holders, meet and discover a program of talks, screenings, etc. At last, they can also convert the tokens into physical artworks at a preferred price.â€￾[/i] Commenting on the token’s compliance with regulations, Elliot said that “people will be subject to those of their countries in matters of crypto assets.â€￾ Although Elliot claims BET to be the first ever personal token directly tied to his career evolution, Alex Masmej, founder of a company offering loans against non-fungible tokens, just recently raised $20,000 after selling his personal tokens on the Ethereum network. Masmej promised investors voting rights in major life decisions, participation in his seed funding round, and exclusive sessions. [b]When art meets money in the digital age[/b] Generally, the art and collectibles industry has embraced blockchain’s benefits. By registering a work of art on blockchain, galleries and art registration services can ensure the transparency of artworks’ history and physical characteristics. Earlier this year, investment platform CurioInvest and Seychelles-based digital asset exchange MERJ Exchange Ltd. announced the development of a Car Token (CT1) token, which is set to be pegged to the value of collectible cars. Individuals can invest in multiple cars.
Investors3  Apr 25 2020 03:13
Stellar (XLM) based Akoin to be integrated in Kenyan tech city Jake Simmons By JAKE SIMMONS April 17, 2020 https://www.crypto-news-flash.com/stellar-xlm-based-akoin-to-be-integrated-in-kenyan-tech-city/ *The Stellar blockchain-based Akoin will be used in the Mwale Medical and Technology City (MMTC) in Kenya. *The cryptocurrency of the rapper Akon, which is still in the beta phase, will thus have its first major use case in Africa. Grammy winner and rapper Akon has achieved another success for his cryptocurrency, Akoin. According to the press release shared with Crypto News Flash, the Akoin will be used at Mwale Medical and Technology City (MMTC) in Kenya. The $2 billion technology city in western Kenya was built around the 5,000-bed Hamptons Hospital and is home to over 35,000 people. The MMTC will be the first major application for the Akoin, which Akon says will power the entire African continent. The report further states that Mwale Medical and Technology City will use the Stellar-based Akoin in all areas, with the city’s hospital complex being the first to introduce the Akoin. This could result in approximately 50 million transactions per year using the Akoin, by 12,000 patients per day and 9,000 employees. After the hospital, the Mwal-Mart supermarket chain, followed by the city’s hospitality industry, will introduce the Akoin. Furthermore, the Akoin Foundation has stated that the Akoin platform will record at least one million transactions in the city in the first year and will grow to 100 million transactions annually within five years. At the same time, the Akoin will compete with the already popular mPesa, a smartphone-based money transfer service from Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. The competitive advantage of Akoin is said to be that there are no transaction fees unless users withdraw their money from the Akoin network. This strategic partnership with MMTC will give Akoin a dominant position to control the market of 400 million people in East and Central Africa, many of who rely on mobile digital transactions for their financial services. According to Akon and other company representatives, the project plans to conquer the market in East Central Africa in phase 1 of its development. Phase 2, which will last until 2025 and will focus on conquering the West African market. However, the project is currently still in the beta phase, but is expected to come onto the market this year. [b]Akoin relies on the advantages of Stellar Lumens (XLM)[/b] The Akoin team has, according to the foundation, chosen the Stellar blockchain because it is “both equipped with smart contract and more scalable than its competitors,â€￾ according to a blog post in March: The transaction cost, transaction speed, and transactions per second that Stellar facilitates are ideal for the use cases and applications planned for the Akoin Ecosystem. Akoin users need to be able to initiate quick transactions of varying values, using a blockchain with higher fees might limit our users in the same way that their current remittance and money transfer options limit them. Starting on Stellar implies that Akoin can be traded on Stellar DEX (Stellar Decentralized Exchange) against other cryptocurrencies such as Bitcoin or Ethereum. This will allow the Akoin to have greater liquidity and greater access to the world of cryptocurrencies.
Investors3  Apr 25 2020 03:10
Stellar Lumens launches memo-less payment solution By REYNALDO April 8, 2020 https://www.crypto-news-flash.com/stellar-lumens-launches-memo-less-payment-solution/ *Stellar Lumens has launched a payment solution to solve the “I forgot my memoâ€￾ problem. The payment solution will be memo-less. *The solution was approved under proposal SEP-29 and will allow processing transactions in the Stellar Lumens network. Developers of the Stellar Lumens blockchain have launched a payment solution that will facilitate transactions with the cryptocurrency. The solution was proposed under the name SEP-29 and already approved by the Stellar community. According to the official publication, the solution solves the “I forgot my memoâ€￾ problem for receiving transactions with Stellar Lumens. A memo is a component used in the Stellar network to support the accounts that exchanges use to store XLM. It basically consists of a number that identifies each user who receives payments on an exchange. These entities have a single account in which they handle all Stellar transactions, so the memo IDs are necessary for the exchange to know which user to credit with a transaction. The image below shows the Memo ID number. Source: https://www.stellar.org/developers-blog/fixing-memo-less-payments However, this payment mechanism is inefficient. Users who lost their memo ID were afraid of losing their funds at the exchange and these entities had problems locating the user funds. The proposal SEP-29 offers a better alternative, the solution will allow exchanges: Using data entries, an exchange can mark their account as requiring memos with a single, simple operation. Wallets that upgrade to the latest Stellar SDK will then refuse to let users send memo-less payments to those addresses. Exchanges should only add one data entry to their wallets with the key: config.memo_required and add the value 1. Stellar developers recommend that exchanges go to the Stellar Laboratory page which will set the memo required flag on the account. To use it, exchanges must follow these steps: Add a source account Fetch the next sequence number for that account Scroll to the bottom, and hit “Sign in Transaction Signerâ€￾ On the next page, sign with your secret key Click “Submit to Post Transaction Endpoint.â€￾ That’s it! Users, as mentioned, should only upgrade their wallet to the latest version of the Stellar SDK. New features will be enabled by Default in the new update automatically. On the other hand, as reported by CNF, the Stellar Development Foundation revealed that it will make a donation of 2.5 million tokens of Stellar Lumens to mitigate the effects of the crisis caused by the COVID-19 pandemic.
Investors3  Apr 25 2020 02:59
Stellar Lumens: quarterly report shows strong growth By COLLIN BROWN April 10, 2020 https://www.crypto-news-flash.com/stellar-lumens-quarterly-report-shows-strong-growth/ *The Stellar Lumens Foundation has released a quarterly report showing continued growth of the network and an average transaction time of 5.5 seconds. *Stellar was able to establish important technical partnerships in the last quarter and is heavily involved in the fight against the coronavirus. The Stellar Lumens Foundation (SDF) published a report on current developments in the first quarter of this year. Both the community and the cooperation partners have contributed significantly to the further growth of the ecosystem. Both transaction volume and usage have increased further compared to the last quarter of 2019. [b]High scalability and fast transaction confirmation[/b] The number of registered Stellar accounts has slightly decreased from 4,614,261 (Q4 2019) to 4,531,632, a decrease of 1.79%. In contrast, the average trading volume on Stellar’s decentralized exchange (XLM) increased from 3,231,673,996 to 3,490,422,131, an increase of more than 8%. Source: https://assets-global.website-files.com Daily operations on the Stellar Network have increased by more than 113% from 1,086,301,804 to 2,319,330,319, showing that existing players are making greater use of the network than in the last quarter. In addition, the number of absolute payments fell slightly by 1.75% from 6,114,465 to 6,007,446. Source: https://assets-global.website-files.com Furthermore, the published data show that a transaction is confirmed within 5.5 seconds in the Stellar network, which is significantly faster than most of the projects available on the cryptomarket. Most recently, Stellar was able to convince CoinQvest to use the Stellar Network for processing cross-border payments. Stellar is able to move millions of US dollar within seconds for the price of a few pennies, regardless of whether the recipient and sender are thousands of kilometres apart. Stellar has also pushed the development of its own Stellar wallet, which is scheduled for release this summer. To this end, Stellar has teamed up with the Settle Network, nTokens, Saldo, AnchorMXN and AnchorARS to further improve developments in this area and scalability. Stellar will also continue to expand its own presence in East Africa and Southeast Asia. The development team is also investigating potential use cases for stablecoins based on the Stellar network, which could be deployed primarily in countries with weak economies. During the quarter, SDF also announced its first corporate investment of $715,000 in Liechtenstein-based DSTOQ. DSTOQ will tokenize securities on the Stellar blockchain and offer them in emerging markets. [b]Overview of the use of Stellar Foundation funds[/b] The majority of the capital, 323,955.710 XLM, was used for the direct further development of the Stellar blockchain. More than 20 million XLM have been invested in the development of the entire ecosystem. 500,000 XLM were invested in the development of Stellar-based apps. The following table gives an overview and the respective use of the capital. Source: https://assets-global.website-files.com It is remarkable that Stellar has made almost no effort to push marketing. The main focus is on the further development of the technology and the ecosystem. Most recently, the SDF approved the SEP-29 proposal, which will enable payment in the future without the cumbersome use of the memo field. In the current crisis, SDF also supported charities with donations of 2.5 million XLM to fight the corona virus. A few days ago, the first 100,000 XLM were distributed to UNICEF, the Tor project and other dedicated organizations. The community can also contribute through the official Lumenthropy donation page. [b]XLM price shows setback[/b] The Stellar Lumens (XLM) price follows the current market trend and has dropped 4.52% to a price of $0.047 in the last 24 hours. With a market capitalization of almost $978 million, Stellar ranks 15th among the largest cryptocurrencies.


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