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Stellar Lumens [XLM]’s surges by 8%; cryptocurrency listed on Bithumb

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Stellar Lumens [XLM]'s prices soar high, while other cryptocurrencies struggle; South Korea's largest exchange Bithumb lists XLM
Source: Unsplash

Last week, cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], and XRP faced the ax with the prices drowning in the red pond. While all cryptocurrencies are trying to recover, Stellar Lumens is soaring well above ETH and XRP, with BTC still plunging.

Stellar Lumens [XLM], at the time of writing, had a total percentage increase of 8.18% in the 24-hour time frame. It is currently trading at $0.2469 with a market cap of $4.64 billion.

Source: CoinMarketCap

Source: CoinMarketCap

On November 15, XLM started trading at $0.2252 at the beginning of the day, which later dropped to $0.2158. Following the prices, the market cap took a rather strong hit causing the market cap to reach $4.08 billion, a $180 million decline within a span of 4 hours.

Lumens corrected its course and peaked at 15:00 UTC on the same day. The price and the market cap at this peak were at $0.2333 and $4.41 billion respectively. The ride after this point was a little bumpy but prices remained steady until November 16, 4:49 UTC, post which the prices surged by 6.7% to reach $0.2293 and market cap surged as well to reach $4.63 billion.

After this point, the volatility kicked in, causing massive changes. The market cap and price saturated at $4.69 billion and $0.2476 respectively. The price, on November 16, closed at $0.2446.



The majority of the trade volume for Lumens came from Binance, which contributes to a total of 35.37%. UpBit followed Binance by contributing 16.18% of the total trading volume.

Apart from the price action, Stellar Lumens is now listed on Bithumb, South Korea’s largest [by volume] cryptocurrency trading platform. The news of the listing was announced on their official Twitter page on November 15. According to the official website, the trading with begin on November 16.

Bithumb's tweet | Source: Twitter

Bithumb’s tweet | Source: Twitter





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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