$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash

Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sept. 6, when the price of Bitcoin rose to the $52,000 level and ignited a market-wide rally […]

Privacy coins are surging. Will regulatory pressure stall their stellar run?

Recent weeks saw a massive surge of the so-called privacy coins’ prices — namely Monero (XMR), Dash (DASH), Zcash (ZEC) and Haven Protocol (XHV). As many other cryptocurrencies and the industry at large faced immense regulatory pressure amid the war in Ukraine, one narrative that began taking hold in the crypto space was the potential […]

Stellar Proposes Changes Allowing Exchanges to Better Enforce Regulations

The Stellar community is gearing up to vote on a raft of new network updates that will give exchanges greater control over how digital assets are traded on-chain. In a vote planned for later this week, anyone running a Stellar node will be able to decide on whether to pass a series of proposed updates […]

Stellar Throws SatoshiPay a $550K Lifeline After Coronavirus Knocks Out Series A

The Stellar Development Fund (SDF) has loaned micropayments firm SatoshiPay $550,000 in XLM tokens after the coronavirus pandemic put the kibosh on its Series A funding round. Under lockdown in his Berlin flat, SatoshiPay CEO Meinhard Benn told CoinDesk via Google hangout the Series A, which was to have been finalized by the start of […]

Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana

The kin cryptocurrency is exploring a move from its own fork of Stellar to the Solana blockchain.  To recap, the mobile app company Kik ran a $98 million initial coin offering (ICO) for kin in 2017, which was made on the Ethereum blockchain. Then the company said that it would use Ethereum for security and […]

Stellar Invests $5M in Abra Ahead of Blockchain Integration

The Stellar Development Foundation (SDF) is pumping $5 million into Abra, a crypto financial services app, in its largest enterprise investment to date. Announced Wednesday, the capital allocation precedes Abra’s integration with the Stellar blockchain. The crypto wallet and investments app’s growing list of financial services are set to shift onto Stellar in a partnership […]