Stellar (XLM) price explodes 10% as it approaches $0.09

As a stablecoin, one USDC is always worth one US dollar. USDC partners tend to save a certain amount of dollars in their bank accounts when new …
  • Stellar has been selected to become the third blockchain to support USDC
  • XLM price is trading nearly 10% higher as it works to close above the resistance line at $0.0844
  • A high close would invite new XLM buyers to target a return to the $0.12 area

Stellar (XLM) price is trading nearly 10% higher on the day after the buyers forced a break of the daily resistance line at $0.0844. The latest news that Stellar will become the third blockchain to support the USDC stablecoin have continues to drive XLM price higher.

Fundamental analysis: Stellar support to increase transaction speed and reduce fees

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Centre Consortium, which manages the USDC stablecoin, announced that Stellar will become the third blockchain to support USDC. The launch is expected to occur in the first quarter of 2021.



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As a stablecoin, one USDC is always worth one US dollar. USDC partners tend to save a certain amount of dollars in their bank accounts when new USDC is issued into circulation.

The accounts constantly undergo audits that make sure there is the same amount of USDC in circulation and USD in those bank accounts. Right now, there are around 2.8 billion USDC in circulation.

Other cryptocurrencies are different from stablecoins as stablecoins provide certain flexibility in regards to storing value as there’s no need for a bank account. However, Ethereum-powered stablecoins face additional challenges like low transaction speed and high transaction fees.

That’s why Stellar supporting USDC will solve these issues to some extent as it will increase transaction speed and reduce fees. Investors will have to select a channel when transferring USDC and choose between Ethereum, Algorand and Stellar.

Furthermore, when sending USDC from one exchange to another, investors will have to ensure that both support the stablecoin on that particular blockchain.

Circle, the co-founder of USDC, has also created a multichain USDC swap API. Some developers will be able to leverage this API for cross-chain swaps if for example, they face certain liquidity challenges.

Users will have an even better experience if enough developers embrace the swap API. In that case, users won’t have to worry too much about which blockchain they’re using when trading USDC.

Technical analysis: XLM bursts higher

XLM/USD price has gained a further 10% today after closing the past two weeks higher. This way, the digital asset has broken above the horizontal resistance line at $0.0845, triggering stop losses that have lifted XLM price to $0.8747 today.

A close above the red line is likely to pave the way for a test of the next major resistance line at $0.090 (the purple line). This close would invite new XLM buyers to target a return to $0.12.

Summary

Stellar is expected to start supporting USDC at some time during the first quarter of 2021, according to the announcement by Centre Consortium.

Neo News: Week in Review – October 12th – October 18th

The perpetual contract exchange, Perp, was initially scheduled for release after Flamingo’s FUSD stablecoin minting module. However, Flamingo …
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NEO

October 17th, 2020, was the fourth anniversary of the Neo MainNet launch. To celebrate, the Neo Foundationreleased an open letter to the community highlighting Neo’s successes and challenges moving forward. The NF noted recent progress in joining the InterWork Alliance, partnering with Blockchain-based Service Network, forming the Poly Network interoperability protocol alliance, and launching the Flamingo Finance DeFi protocol.

It also discussed the upcoming launch of Neo3, outlining the new features of the full-stack blockchain solution. As the Neo3 release nears closer, the NF is preparing an early adopter and migration plan, developer grants program, and a post-launch hackathon.

Neo Global Development released its monthly report for September 2020. The report noted September’s launch of Flamingo Finance as the highlight of the month, and also outlined recent protocol development progress towards Neo3 Preview4.

The Flamingo Finance team announced it will launch its automated market maker-based perpetual contract exchange earlier than expected. The perpetual contract exchange, Perp, was initially scheduled for release after Flamingo’s FUSD stablecoin minting module. However, Flamingo reasons it already has a “relatively large amount” of stablecoin volume suitable for the DeFi platform’s needs. Flamingo currently maintains a stable liquidity provision of approximately US $200 million in the Swap module, with approximately one-fifth of that liquidity being the USDT stablecoin.

Additionally, the Flamingo Finance team launched a trading router that automatically searches for an optimal trading route to execute trades between liquidity pools.

NNT Catch Up

Neo News Todayhosted NGD Ecosystem Growth director, John Wang, on episode 42 of the NNT podcast. In this episode, topics of discussion included the day to day work of the Ecosystem Growth team, the types of projects it seeks to collaborate with, differences in building relationships with Chinese versus international projects, interoperability, Neo3, DeFi, Flamingo Finance, and much more.

Developer Groups

O3 Labsupdated its mobile wallet version to 1.0.6, adding a risk asset reminder.

Ecosystem

October 12th, NeoEconomy released an unofficial Switcheo TradeHub explorer.

October 12th, Binanceannounced a week-long NEO deposit incentive and NEO trading competition to promote and “celebrate the successful launch” of Flamingo Finance. The exchange also added leveraged trading to its highest-volume Flamingo markets: FLM/BTC and FLM/USDT.

October 13th, Red Pulse and APEXannounced a merger. The new entity will be known as Phoenix Global, and NEP-5 CPX token holders will be able to convert their tokens to PHB tokens at a 1 PHB:2.5 CPX ratio. The joint venture plans to build a new DeFi platform called “Horizon.”

October 14th, NEOsupport was integrated into the Spatium’s new mobile wallet, a keyless non-custodial solution for managing digital assets.

October 14th, TranslateMereported that more than 1,000 users have registered on its beta Marketplace within the first two weeks.

October 14th, Nashlaunched its Nash Link payments platform. Nash Link aims to make it seamless to accept cryptocurrency payments while avoiding the usual volatility risks or fees associated with traditional transactions.

October 15th, Nash released an abridged weekly update that included dynamic fee calculation for NEO/GAS transfers, additional token support in its wallet, plus more.

October 15th, Nashreleased a new episode of its Beyond the Blockchain podcast, with guest Scott Melker to discuss crypto markets, responsible investment, and more.

October 15th, Switcheo was listed on Staking Rewards, a data aggregator website that features projects offering staking rewards.

October 15th, Switcheo put the first TradeHub Improvement Proposal to vote on its recently launched governance portal. Switcheo is building toward becoming a fully decentralized trading platform, and the launch of its decentralized governance structure marks a “significant milestone.”

October 17th, Nashconcluded a swag design contest for the upcoming launch of its merch store, announcing the winning designs.

October 18th, QLC Chainparticipated in a community AMA, where the team noted future collaboration with the Flamingo Finance protocol is possible.

Token Listings

Binance listed isolated margin trading for the Flamingo Finance token.

Tags: BSN, FLM, IWA, NEO, Nex, O3, PHB, QLC, SWTH, TMN

Hamari streamlines product data management for manufactures with PIM software

With a PIM the extra margin generated by sales on new channels like ecommerce will be less impacted by the management of product data.

19/10/2020 Hamari Labs

PIM software enables a single place to manage product information as it flows through an organisation. Product data channels such as print catalogues are published far quicker using a PIM while automating product data consistency across all marketing and sales channels.

The way a customer buys a product is determined by interactions with an increasing number of channels along their journey to a sale. The latest channels adopted by manufactures present opportunities for growth and need dedicated tools to support the swift delivery of accurate product information.

Phasing out repetitive, error-prone product data processes by using a PIM will speed up time to market while addressing high-level business objectives such as increased revenue, agility and compliance.

What are the business benefits of PIM software?

A single sale can be for a large number of configurable items. Further complexity has arrived with digital channels to serve a generation of buyers who want more of the sales process to happen online. With a PIM the extra margin generated by sales on new channels like ecommerce will be less impacted by the management of product data.

A PIM structures product data in a central place which not only creates a more efficient workflow but also enables emerging applications like chatbots and voice. Enhanced product search and personalised product recommendations that use technologies like machine learning also becomes possible with structured product data.

Multi-channel product experience

A single source of truth eliminates duplication and unnecessary silos making it easier to maintain multi-channel commerce. Product information workflows are more efficient using a dedicated PIM that can sit neatly between systems like ERP platforms, ecommerce and print.

A PIM centralises product information so data sources for customers and internal teams are synchronised eliminating conflicts while promoting sales and marketing alignment. Each channel is an opportunity to deliver a perfect product experience with all its attributes.

Getting started with a PIM

Well organised product data can be monetised and improve organisational efficiencies. A simple review of where your data is will put you on the right track.

Find your data: Identifying data sources and collecting it into one place is the first step to starting a successful PIM project.

Format your data: The right PIM will have the necessary customisable tools to deal with different formats that need importing.

Find redundant data: Reviewing the data available in your organisation will locate duplicated data stored in multiple places.

Inaccurate data: Organising product data begins with a methodical review of data accuracy so that data can be cleaned and prepared for migration.

Compliant data: Review data for regulatory compliance. Product data with no real ownership is one of the many problems that a PIM can solve.

A single source of truth for team members to enhance and publish product data is only part of the PIM story. As with open source platforms like Pimcore your product information can be configured however you need.

This can be done in the cloud or on-premises using an API-led approach enabling a content strategy that puts your customer first.

Whether you are streamlining auditable workflows or planning to expand into new markets you can take the first steps to finding out how a PIM can work for your organisation by helping us understand your business.

For more information, please contact:

Noel Peatfield

Hamari Labs

9 Prescott Street

Bolton

BL3 3LZ

Tel: 0754 055 2750

Email: info@hamarilabs.com

Web: https://hamari.agency

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VOIP provider Broadvoice exposes 350M customer records on Elasticsearch cluster

… exposed online in the latest case of a company failing to secure its cloud storage. … Broadvoice has confirmed the data breach, saying the data was …

A database of more than 350 million customer records belonging to voice over-internet-protocol company Broadvoice has been found exposed online in the latest case of a company failing to secure its cloud storage.

Discovered and publicized Oct. 15 by security researcher Bob Diachenko at Comparitech, the data was found on an unprotected Elasticsearch cluster. The data included caller names, phone numbers and locations along with hundreds of thousands of voice mails, many said to involve sensitive information such as medical and financial details.

Broadvoice has confirmed the data breach, saying the data was inadvertently exposed on Sept. 28. After the company was informed of the exposure Oct. 1, the data was then secured the following day. Along with the usual tick box list of standard responses — investigation launched, alerting authorities, employing a third-party forensics firm and so on — Broadvoice said it has no reason to believe there was any misuse of the data.

Founded in 2006, Broadvoice provides VOIP services to a range of companies in the U.S., and that’s what complicates the data exposure. The company has thousands of customers, all of which may have at the very least had their data exposed but in the worse case may have had their customer data stolen.

“A database left open without any authentication required for access is a surefire way for cybercriminals to obtain sensitive data,” Keith Neilson, technical evangelist at cloud governance firm CloudSphere, told SiliconANGLE. “Fraudsters can leverage details in the 350 million exposed records to impersonate customers and launch targeted attacks like spear-phishing campaigns to gain additional resources. It’s critical for enterprises to adopt tools that provide full visibility of cloud environments to ensure data stays secure.”

Anurag Kahol, chief technology officer at Bitglass, noted that Gartner forecasts global information security spending to reach $123 billion this year, yet organizations continue to be plagued by easily preventable security failures — “such as leaving a database with millions of patients’ personal data exposed without any authentication controls in place.”

Photo: Broadvoice

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Idera, Inc. Acquires Qubole, Adds Data Lakes to Database Tools Unit

Qubole will join Idera’s database tools business unit that includes AquaFold, IDERA, Webyog, and WhereScape. The merger comes as Qubole hosts …

Idera, Inc. recently announced that it has acquired data lake tools solution provider Quboe, according to a press release. Qubole will join Idera’s database tools business unit that includes AquaFold, IDERA, Webyog, and WhereScape. The merger comes as Qubole hosts The Data Lake Summit in collaboration with AWS and Google Cloud. It also comes on the heels of Qubole’s launch of Qubole Pipelines Service. Unveiled in August, Qubole Pipelines Service enables users to build scalable streaming data pipelines.

Our Buyer’s Guide for Data Management Platforms helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace.

Qubole’s flagship data management product is its Autonomous Data Platform, a solution that self-manages and self-optimizes by sending alerts and Insights and Recommendations (AIR) based on cloud agents connected to the customer’s data policies and preferences. Qubole uses a combination of heuristics and machine learning for workload continuity as well. Some of Qubole’s most notable customers include Expedia, Disney, ORacle, Fanatics, Activision Blizzard, and Adobe.

Idera offers an array of B2B software tools ranging from database administration to application development and test management. Under its broader data-centric tools umbrella, the vendor touts data warehouse automation, cross-platform database productivity, IT infrastructure monitoring, and database performance tools. Idera also acquired FusionCharts in March 2020 and WhereScape last September.

In a media statement about the news, Idera CEO Randy Jacops said: “Companies generate and store both structured and unstructured data at unprecedented levels. Qubole’s reputation as the leading cross-platform solution focused on unstructured data is a fantastic addition to Idera’s Database Tools division. In particular, it will pair well with Idera’s WhereScape business, the leading provider of data automation solutions for data warehouses.”

Read the official press release or learn more about Idera, Inc.

Timothy King
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Timothy King

Senior Editor at Solutions Review
Timothy is Solutions Review’s Senior Editor. He is a recognized thought leader and influencer in enterprise BI and data analytics. Timothy has been named a top global business journalist by Richtopia. Scoop? First initial, last name at solutionsreview dot com.
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