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Stellar’s Very Own Lightning Torch Has Been Showing Off Its Network Efficiency

A scheme called the Lightning Trust Chain was started at the beginning of the year by a big cryptocurrency fan. It started to gain some traction across the industry. The bitcoin torch was a success and so with that, the Stellar Foundation took some ideas and has been running its own version of the “torch”. A scheme called the Lightning Trust Chain was started at the beginning of the year by a big cryptocurrency fan nicknamed hodlonaut and it started to gain some traction across the industry. It then became known by many as the Lightning Torch. This torch was...

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6 December 2019 - XLM/ EUR – Weekly

In this Weekly chart of Stellar/ Euro (XLM/ EUR), there is a depreciating range from 0.1466 to 0.047474. We can see that after the depreciation, the market appreciated to the 0.084210 level (indicated by the red down arrow), just below the 0.08534 level, representing the 38.2% retracement of the depreciating range. We can see that after the retracement, the market resumed its depreciation and has been mostly capped below the 0.070868 level, representing the 23.6% retracement of the depreciating range. Using a Simple Moving Average, we can see the market’s appreciation to the 0.084210 level was also just below the...

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Charles Hoskinson Argues Stellar Burn Was Pointless

The Stellar Development Foundation (SDF) announced earlier in November, that it was cutting down the available Stellar Lumens (XLM) in half. The Ethereum co-founder and founder of Cardano Charles Hoskinson, has given his two cents on the matter... The Stellar Development Foundation (SDF) announced earlier in November, that it was cutting down the available Stellar Lumens (XLM) in half, by burning at least 55 million tokens.  As previously reported by CryptoDaily, there were several different kinds of reactions flooding in, as was expected, in regards to the decision to do to the burning and its possible impact on the XLM...

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Half of XLM’s Supply Burnt by Stellar

The Stellar Development Foundation (SDF), has just recently burnt 55 billion of its XLM tokens. The CEO and executive director at the SDF, Denelle Dixon confirmed that the organisation had burned the large sum of XLM tokens.  After this recent burn, the supply has been reduced to just 50 billion. The non-profit entity kicked started in 2014 in order to support the continuous development of the open-source Stellar protocol, the Stellar Development Foundation (SDF), has just recently burnt 55 billion of its XLM tokens. For those that aren’t aware, which is half of the digital currency’s circulating supply. Meridian conference...

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22 November 2019 XLM/USD – Weekly

In this Weekly chart of Stellar/ United States dollar (XLM/USD), there is an appreciating range from 0.052201 to .0900. We can see the price depreciated and then appreciated to the .08265 level (identified by the red down arrow), just above the .081079 level, representing the 23.6% retracement of the appreciating range. We can see the price then depreciated below the .06664 level (identified by the first blue up arrow), representing the 61.8% retracement of the appreciating range.   We can see the price is approaching the .061122 level (identified by the second blue up arrow), representing the 76.4% retracement of the...

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