Connect with us

Altcoins

More than 2 billion Stellar Lumens [XLM] distributed to Bitcoin [BTC] holders by Stellar.org

Sthuthie Murthy

Published

on

More than 2 billion Lumens distributed to Bitcoin holders by Stellarorg
Source: Max Pixel

Stellar Lumens is well-known for its stability in the crypto world. They have managed to grab some headline-worthy deals to uplift themselves and improve the society on a whole. The biggest of the partnerships include the revolutionary vision between Stellar and IBM, Stellar and Kin Foundation and the latest being the backup by Nasdaq to name a few.

They have been doing well even in terms of market value and other related activities. One of their recent posts revealed:

“>2 billion XLM distributed to bitcoin holders during last year’s campaign from AUG to OCT 2017 out of a total of 8.13B Lumens distributed so far. 18.57B XLM are now openly held or use for payments and trading among over 400,000 holders.”

Late in March last year, Stellar Lumens had announced their distribution of 16 billion Lumens to Bitcoin holders as part of Stellar.org’s commitment to reserve 19% of the initial Lumens. According to their claims, this was because Bitcoin was a profound inspiration to them during their first Stellar designing.

Their older statements express:



“The Bitcoin network was the first to show that it’s possible for a group of untrusted parties to agree on a common database, and the Bitcoin community still influences our understanding of this technology’s impact.”

chikunGoboom, a Twitterati questions:

“Charlie do have an opinion of stellar? Do you consider them competition?”

Lumens with a market cap of $5.27 billion is at the 8th position with Cardano and Litecoin just above it with some close figures. Lumens has not budged from its position and had balanced its prices during crashes and shoot-ups. When observed, XLM has had a neutral fluctuation since yesterday with 2.16% gain and 1.18% fall from the past hour.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

Published

on

By

John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending