Stellar News

Stellar is a blockchain-based payments network that aims to provide a global, efficient system for digital asset issuance and exchange for individuals and institutions. Its native cryptocurrency is Stellar Lumens (XLM), which is used to pay transaction fees on the network to combat spam and also functions as the bridge currency that provides liquidity to any asset issued on the network by trusted entities called “anchors.” 

Originally a fork of the Ripple protocol, Stellar was founded by Jed McCaleb and Joyce Kim in 2014 following internal conflicts in Ripple’s management. The Stellar Development Foundation, initially aided and funded by Stripe CEO Patrick Collison, is dedicated to building and promoting the Stellar network as a more accessible, low-cost system of financial services.

A notable design difference from other blockchains is the Stellar Consensus Protocol, which was introduced in 2015. This system foregoes proof-of-work consensus for a federated system that uses mutual trust among groups of peers, or “quorums,” and scales this trust across the network to achieve consensus. 

Beyond the Octagon, Guido Cannetti fights Argentina’s 78% inflation rate with USDC stablecoin.
UFC fighter El Ninja to become first Argentine athlete paid in crypto
Ana Paula Pereira
Price Analysis
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT.
Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT
Rakesh Upadhyay
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump ...
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Jesse Coghlan
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
MoneyGram’s USDC transfer service launches in several countries
Sam Bourgi
Price Analysis
BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.
Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA
Rakesh Upadhyay
Market Analysis
Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.
Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve
Marcel Pechman
Altcoin Watch
ADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support.
Here are 3 altcoins that could surge once Bitcoin flips $35K to support
Jon Morgan
Altcoin Watch
BTC, ETH and altcoins spent most of May trading in the red. So, what’s behind XCN’s near-month-long 100%+ rally?
Chain (XCN) ignores the wider market downtrend by rallying 100%+ over the past month
Jordan Finneseth

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