A widely followed crypto analyst says that Bitcoin’s (BTC) still has upward momentum while updating his outlook on payments network Stellar (XLM). In a new thread on the social media platform X, pseudonymous crypto strategist Rekt Capital tells his 519,600 followers that it appears as if the top crypto asset by market cap’s technical uptrend […]
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Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.
Solana's native token, SOL (SOL), has surged 8% since falling to $222 on Nov. 26. Despite this recovery, some investors remain skeptical, citing the sharp correction from its all-time high of $263.80 on Nov. 23 as a potential sign of a faltering bull run. However, onchain and derivatives data suggest that SOL still holds significant upside potential.
SOL/USD (blue) vs. altcoin market cap (purple). Source: TradingView /Cointelegraph
Investor frustration partly stems from SOL’s modest 1% gain between Nov. 20 and Nov. 27, during which the broader altcoin market capitalization climbed 12%. Several tokens outperformed significantly, with Stellar (XLM), Celestia (TIA), Fantom (FTM), Uniswap (UNI), and Polkadot (DOT) posting gains of 40% or more during the same period.
The crypto analytics firm Santiment is outlining three under-the-radar opportunities traders are talking about in the altcoin space. Santiment notes the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network. “There has been a notable resurgence in metaverse-related investments and growing confidence among investors in SAND and related tokens, suggesting a shift […]
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Coinbase Derivatives is expanding its portfolio of CFTC-regulated products with the introduction of futures contracts for silver (SLR) and stellar (XLM) in retail sizes on November 11. More Options for Retail Traders With Silver (SLR) and Stellar (XLM) Futures The latest addition to Coinbase Derivatives which already includes bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), […]NO BYLINE, THANK YOU XRP rival Stellar (XLM) is partnering with Mastercard’s crypto payment solution. Mastercard Crypto Credential aims to verify interactions between consumers and businesses using blockchain networks. The product enables payers to send crypto using a recipient’s email address, rather than a long blockchain address. Stellar and Mastercard are partnering to enable remittances […]
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A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC). In a new strategy session, pseudonymous crypto trader Kaleo tells his 643,500 followers on the social media platform X that XRP, the native token of the XRP Ledger, is on the cusp of […]
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The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets. According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), […]
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Top US-based crypto exchange platform Coinbase is abruptly adding support for a stablecoin pegged to the Euro from Circle, the issuer of USDC. In a new thread on the social media platform X, Coinbase Assets says that the firm will begin supporting Euro Coin (EURC) on January 20th. “Coinbase will add support for EURC on […]
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Renowned venture capitalist Tim Draper announced a significant collaboration between Draper University and Stellar. The partnership aims to accelerate and fund up to 80 startups over the next two years, with these startups set to build on the Stellar blockchain platform. The initiative includes the Stellar Astro Hacker House and the Stellar Embark Accelerator, programs […]
Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them.
Central bank digital currencies (CBDCs) offer governments the ability to exert absolute control over currency. They should be rejected by all fair-minded blockchain leaders, but that unfortunately is not the case.
In June 2023, the International Monetary Fund (IMF) noted that most cryptocurrency innovations have come from the private sector. But it praised central banks for “catching up” through the experimentation of CBDCs and creating state-controlled instant payment systems — like Brazil’s Pix.
CBDCs are an experimental form of digital money created by a country's central bank. They are generally controlled through a private network and are both centralized and programmable. This means that central banks can track, monitor and edit transactions. Such capabilities grant authorities extensive control over money flows — including the power to impose spending restrictions, set “expiration” dates on consumers’ savings, and even remotely freeze or seize money. And by 2030, CitiGroup predicts there will be $5 trillion in CBDCs circulating in the global economy.
