Stellar Lumens Is About to Begin Trading on Coinbase Pro

The Stellar lumen has just become the latest cryptocurrency to be listed on … Stellar was started by Ripple co-founder Jed McCaleb, with lumens aimed at being … Stellar is the 12th most-traded cryptocurrency in the past 24 hours, …

The Stellar lumen has just become the latest cryptocurrency to be listed on Coinbase’s professional exchange.

Coinbase Pro announced Wednesday that it was accepting deposits of XLM, with trading support coming once sufficient liquidity is established. The process will take a minimum of 12 hours, according to a blog post.

The cryptocurrency is not yet available on Coinbase’s retail platforms, including coinbase.com or its Android and iOS apps.

Stellar was started by Ripple co-founder Jed McCaleb, with lumens aimed at being part of a low-cost payment network.

According to Coinbase’s blog post, “since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.”

Coinbase Pro first announced it was considering XLM last December, when the exchange identified more than 30 digital assets it was looking into supporting. Since its initial announcement, the platform has added support for Civic, District0x, Loom Network, Decentraland, XRP, Dai, Golem network and zilliqa.

The price of XLM/USD has increased just over 30 percent in the past four days – 5 percent of which came after Coinbase Pro’s announcement Wednesday – and is currently trading at $0.11, according to CoinDesk price data.

Stellar is the 12th most-traded cryptocurrency in the past 24 hours, accumulating a total of roughly $140 billion in trading volume, according to CoinDesk’s price page.

Jed McCaleb image via CoinDesk archives

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Bitcoin Interest Price Changed by -2.17 percent

As at 2019-03-13 average Bitcoin Interest price is 0.12007064 USD, 0.00003072 BTC, 0.00089489 ETH. Bitcoin Interest average change within 24 …

As at 2019-03-13 average Bitcoin Interest price is 0.12007064 USD, 0.00003072 BTC, 0.00089489 ETH.

Bitcoin Interest average change within 24 hour is -2.17 against USD, -2.54 against BTC, -2.75 against ETH. Weekly report: -22.64 against USD, -23.16 against BTC, -21.11 against ETH. Monthly report: -40.24 against USD, -44.23 against BTC, -47.32 against ETH.

In this regard, 24 hour trading volume is 1683.83672984 USD or 0.43080860 BTC. At the same time Bitcoin Interest market capitalization is 2200521 USD or $563 BTC.

It’s noteworthy that is issued into circulation Bitcoin Interest.

Bitcoin Interest BCI/USD on Bitfinex exchange is 0.13. The trading volume on Bitfinex is 1240.43.

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Bitcoin Gold Price Changed by 3.44 percent

Bitcoin Gold BTG/USD on Bitfinex exchange is 12.71. The trading volume on Bitfinex is 161230.12. Bitcoin Gold BTG/KRW on Bithumb exchange is …

As at 2019-03-12 average Bitcoin Gold price is 12.67083836 USD, 0.00324231 BTC, 0.09443582 ETH.

Bitcoin Gold average change within 24 hour is 3.44 against USD, 3.07 against BTC, 2.84 against ETH. Weekly report: 1.28 against USD, 0.61 against BTC, 3.29 against ETH. Monthly report: 27.78 against USD, 19.24 against BTC, 12.64 against ETH.

Bitcoin Gold BTG/PLN on BitBay exchange is 12.44. The trading volume on BitBay is 3047.85.

At the same time Bitcoin Gold BTG/IDR on Indodax (Bitcoin Indonesia) exchange is 12.67. The trading volume on Indodax (Bitcoin Indonesia) is 61733.17.

Bitcoin Gold BTG/USD on Bitfinex exchange is 12.71. The trading volume on Bitfinex is 161230.12.

Bitcoin Gold BTG/KRW on Bithumb exchange is 12.28. The trading volume on Bithumb is 220643.66.

Bitcoin Gold BTG/BTC on bleutrade exchange is 12.55. The trading volume on bleutrade is 54.40.

It’s noteworthy that is issued into circulation Bitcoin Gold.

In this regard, 24 hour trading volume is 10806376.46438300 USD or 2765.21738174 BTC. At the same time Bitcoin Gold market capitalization is 220649016 USD or $56461 BTC.

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You Might Not Like K-Pop But You Gotta Adore This Korean Actor

Seamon is a developing blockchain-based seafood transaction and smart contract system. The project is dedicated to make global seafood …

K-pop was big and huge at one point but the hype has died down, at least millennial’s don’t enjoy it as much anymore. Maybe because we are becoming boring. But the point is don’t steer away from this article just because it says K-Pop because we have someone who is doing a great job and they deserve recognition.

A popular South Korean actor and businessman Bae Yong-joon has invested an undisclosed sum in blockchain-based seafood trade startup Seamon.

Celebrities have a thing about keeping their investment hush-hush, don’t know why really but all what the actor had to say was that it is “a meaningful amount” worth “more than tens of millions” of South Korean won.

He has long been interested in food businesses particularly seafood. The head Simon asked Bae to be the adviser but instead he decided to invest in it.

Seamon is a developing blockchain-based seafood transaction and smart contract system. The project is dedicated to make global seafood transactions “as transparent as possible, reduce unnecessary expenses, and achieve the faster and safer international transactions.”

Seafood is rapidly going scarce as we have done enough damage to our seas so much so that seafood has become a luxury. Apart from humans destructive behavior, we have to bear in mind the freshness when it comes to seafood. So it is vital to put it on a blockchain because this project aims to address problems regarding international trade in marine products such as defaulting on payments, or delay in payments. This helps the food from going to waste as you will be able to do something about it on time. Plus the freshness can be verified.

The Seamon team is also working towards making a Seamon coin, which will be used in payments and as a store of value. The white paper further indicates that they are trying to build an exchange for it as well by the name of SeamonX for seafood.

Users can purchase Seamon coins from SeamonX and exchange them for products, making payments in real time. Whereas the exporters can exchange the token for fiat currency like the US dollar or some other stablecoin tether.

You can find Seamon coin on the BCEX exchange under the ticker symbol SMEX, Lee told CoinDesk Korea.

This news marks Bae’s first known investment in a blockchain startup. K-Pop might be shitty – for some – but hey at least the workers are doing something good. We are just kidding but we hope more influencers can realize what they can do and help other industries as well.

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Worries of Fake Bitcoin Volumes Could Derail BTC Bulls

These actors while core to crypto are also taking part in malpractice that could hinder the approval and final roll-out of a Bitcoin ETF. In the meantime …

  • Bitcoin price up 4.3 percent in last week
  • Jay Clayton worries affirmed by recent Integrity Report
  • Transactional volumes low but can rise as prices recover

Derailing possible bulls are worries of fake volumes printed by obscure exchanges. These actors while core to crypto are also taking part in malpractice that could hinder the approval and final roll-out of a Bitcoin ETF. In the meantime, Bitcoin has support and up 4.3 percent from last week’s close.

Bitcoin Price Analysis

Fundamentals

The global and unregulated nature of cryptocurrencies means some exchanges are perpetrators of wash trading and other illegalities unheard of in regulated exchanges. When they wash trade or participate in pump and dump schemes, it is usually the end user, the innocent investor or trader who feels the pinch. Add that to the ripple effects when an ICO project or a coin is deliberately inflated and later busted then it becomes a double loss. Not only will they have to lose steep listing money but they also have to address investor loss in confidence.

In the long term, a solution will be found, but at the moment, Bitcoin traders have to deal with the real prospects of the most valuable asset tumbling. A report by Integrity seems to cast doubt on February’s robust volumes saying up-to 88 percent of these volumes are false.

By employing tools that collect market data from several trades and order books, the pseudonymous group, NewsBTC reports, revealed widespread falsehood and outright volume manipulation. If that is that case, then it means recent gains were propped by weak hands and the signal fanned by exchanges keen on falsely painting a “healthy” market.

Candlestick Arrangements

Bitcoin

Bitcoin

At the time of press, Bitcoin (BTC) is up 4.3 percent from last week’s close but still struggling with consistency. Like in all our previous Bitcoin price analysis, we shall maintain a bullish outlook. However, it is after there is a thrust and closes above $4,000 and later $4,500 is when risk-averse traders can initiate longs with modest targets at $6,000. Before then, risk-off traders have an opportunity to fade the current trend, buy on dips as Bitcoin price action trend within a bullish breakout trade.

Technical Indicators

The fact that prices are finding support at the 20-day moving average is bullish. By today’s close, we shall have a long-wick bar indicating Bitcoin demand in lower time frames. Should there be a confirmation and prices rally above $4,000, then the accompanying volumes must exceed averages of 5.7k and 36k of Feb 24.

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