Bloomberg Says ‘Hottest’ Crypto Is Like the Rise of Bitcoin – Plus Ripple and XRP, Ethereum, Tron …

US-based grocery giant Kroger says it will explore adding Litecoin as a payment option to its stores. Kroger recently expanded its ban on Visa credit …

From Bloomberg’s take on Binance Coin to new adoption for XRP, here’s a look at some of the stories breaking in the world of crypto.

Binance Coin and Bitcoin

Bloomberg says the surge of Binance Coin (BNB) in 2019 echoes Bitcoin’s glory days. Binance Coin has rallied 152% this year, from $6.02 to $15.18 at time of publishing, according to CoinMarketCap. Managing partner at crypto hedge fund Multicoin Capital says Binance is “the best executing team in crypto. We expect to hold them for the foreseeable future.”

Bloomberg also asked Binance CEO Changpeng Zhao on whether BNB is a security, due to the fact that Binance spends some of its profits each quarter to buy back and burn coins.

“Personally, I don’t think it’s a security. I don’t think that there’s any regulation against destroying assets you have yourself. In the worst case, we can stop the burning process.”

Ripple and XRP

Ripple just listed Canada-based crypto exchange CoinField as one of the best places to buy XRP. CoinField is also teasing the launch of more XRP pairs on its platform.

pic.twitter.com/DsyExiqM6e

— CoinField (@coinfieldEX) March 14, 2019

Meanwhile, Coinbase added XRP to Coinbase Wallet a few weeks after adding the digital asset to its trading platforms.

Ethereum

Ethereum creator Vitalik Buterin says it’s harder to pitch use cases for blockchain and crypto that aren’t directly related to the world of finance.

Speaking at Token2049, Buterin told an audience that crypto’s first killer app will likely move money across borders, and that finance is realistically the first blockchain application that will achieve wide-scale adoption.

“The problem is that decentralization is basically their value add. With finance you’re competing with banks that take five days to do something interesting. With anything that’s not financial, chances are there is some internet thing that does what you want, that’s just centralized. So it’s a bit of a harder pitch.”

Litecoin

US-based grocery giant Kroger says it will explore adding Litecoin as a payment option to its stores. Kroger recently expanded its ban on Visa credit cards due to high fees, and is in talks with Morgan Creek Digital founder Anthony Pompliano about using Bitcoin via the Lightning Network.

Hi, Davey! At this time, Litecoin is not an accepted form of payment at our stores, but we will share your feedback to the appropriate department for further consideration. We appreciate you reaching out to us, and we hope you enjoy the rest of your day!

— Kroger (@kroger) March 14, 2019

Tron

Tron founder Justin Sun just gave a speech at Token2049 in Hong Kong. Sun talked about the platform’s upcoming privacy features, BitTorrent, DApp development and his $20-million airdrop to Tron-USDT users.

Enjin

The team at Enjin says it just hit a major milestone in its mission to bring crypto assets to video games.

The company has released its blockchain SDK Unity Asset Store enabling 4.5 million game developers who use the Unity engine to implement Enjin and tokenize in-game assets.

The Blockchain SDK by Enjin is live on the Unity @AssetStore!

We are ecstatic to put the power of our #blockchain game development platform into the hands of 4.5 million @unity3d game developers.https://t.co/WiPNEZUAjB#gamedev#unitydev#indiedev#poweredbyenjin#unity3dpic.twitter.com/kOIlKOzkMc

— Enjin (@enjin) March 14, 2019

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Stellar Lumens (XLM) Makes Its Entrance to the Coinbase Ecosystem

The Stellar startup’s lumens (XLM) cryptocurrency is making its debut in the Coinbase brand’s constellation of … Stellar aims to do the same for money.

The Stellar startup’s lumens (XLM) cryptocurrency is making its debut in the Coinbase brand’s constellation of platforms.

That’s per the powerhouse U.S. crypto exchange’s March 13th announcement they were opening up inbound XLM transfers to Coinbase Pro, the company’s platform for advanced traders.

Stellar Consensus Protocol

After enough lumens have been transferred in, the exchange will allow XLM to be traded against its three base currencies, bitcoin (BTC), dollars (USD), and euros (EUR).

https://t.co/z78mLvQcUU Coinbase is by far the most reputable exchange in the industry. A listing there is a rite of passage for any project. We think this is a huge step for the Stellar network.

— Stellar (@StellarOrg) March 13, 2019

In explaining the listing, the company suggested Stellar was a blue-chip blockchain play whose lumens cryptocurrency could help change the way commerce is done in the future:

“Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. 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.”

The XLM listing isn’t surprising, as it comes on the heels of Coinbase listing the Ripple ecosystem’s XRP last month. Stellar’s and Ripple’s respective payments networks are gunning for the same use cases and target markets, and both are top 10 cryptocurrencies per current market capitalization, so it stood to reason that if Coinbase embraced XRP, it would certainly embrace XLM.

Moreover, the exchange had announced last December that it was considering adding a group of 31 cryptocurrencies to its various platforms, one of which was lumens, the digital unit of account on the Stellar network.

And while XLM won’t immediately hit the exchange’s more consumer-facing Coinbase.com platform, users can expect the cryptocurrency to do so in short order if the XRP listing trajectory provides a rough indication of how long the process could take.

Stellar Surging?

The Stellar ecosystem has been taking some considerable leaps forward in recent months.

Just this week, German lending play Bitbond released Germany’s first security token offering (STO) in their BB1 token, which was built via Stellar’s blockchain. On the token’s landing page, the crypto lender said that Stellar offered an ideal platform issuing the STO:

“With a processing capacity of over 1,000 transactions per second, transaction costs at a fraction of a cent, a built in decentralized exchange and a global network of active partners using the platform, Stellar is one of the most efficient blockchains for payment processing and token issuance.”

Other notable adoption milestones in 2019 came in February, when the Stellar-based SatoshiPay platform inked a deal to create a micropayments portal for German publishing giant Axel Springer, and in January, when Grayscale Investments, the world’s biggest cryptocurrency investment firm, added XLM to its portfolio of digital assets.

Stellar’s advancements this year come off of a strong 2018, too.

Last September saw Lightyear Corporation, and entity backed by the Stellar Development Foundation, acquire the Visa-backed blockchain play Chain, renaming the company to Interstellar. As a result of the deal, the rebranded startup meshed its private blockchain management system with Stellar’s network.

That same month, international tech heavyweight IBM released a cross-border payments system, Blockchain World Wire, in collaboration with the Stellar team.

There were also rumors last fall that the director of Facebook’s blockchain team had met with Stellar’s leadership on forking the Stellar network. Facebook denied the associated reporting, and nothing has materialized on that front to date. But as the social media giant is discreetly working on its own stablecoin, no one knows for sure yet what chain it will run on. The possibility remains that Stellar, or a fork of Stellar, could serve as its base layer — only time will tell for now.



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