Cryptocurrency protocol Stellar (XLM) announced that it intends to remove its inflation feature in an upcoming upgrade. According to the Stellar Development Foundation’s (SDF) blog post published on Sept. 30, developers are keen to discard the inflation tool, which they say now offers little functionality to network participants. Users to vote on inflation removal Per the blog post, the protocol’s new incarnation, version 12, should no longer include it, with a vote aiming to achieve consensus. The post reads: “After listening to what everyone had to say and weighing the pros and cons, here’s what the SDF is asking validators …

Various cryptocurrency operators have joined hands to launch a rating system that will define how close a digital asset resembles a security. On a scale of one to five, one will be awarded to cryptocurrencies that are least characteristic of a security, whereas five will have the most similarities to a security. This rating system will provide clarity to asset managers who have stayed away due to the uncertain legal status of the cryptocurrencies. When sentiment turns bearish, many negative voices can be heard. Mark Cuban has reiterated his negative stance on Bitcoin (BTC) and has said that he would …

When Bitcoin (BTC) rallies sharply it does not leave a chance to buy. Traders then regret missing the bus. They promise themselves that they will buy on the next dip. However, when the prices correct, fear grips the traders and they again miss pulling the trigger. While there will be many reasons for a fall, unless the basic fundamental reason changes, traders should continue to look for buying opportunities. CEO & chief investment officer of Morgan Creek Capital Management Mark Yusko believes that investors should use the fall in Bitcoin to buy because the fundamentals have been improving over the …

Thursday, Sept. 26 — After Tuesday’s sudden crash, altcoins seemingly entered a consolidation phase yesterday and for the better part of today, until signs of a new downward price trend reared its ugly head. Cryptocurrency market daily overview. Source: Coin360 Altcoins are still reeling from Tuesday’s painful correction, which saw double-digit losses. Bitcoin SV (BSV) took the lead with a massive hit of up to 34%, while several other major altcoins were recording multi-month lows. Yesterday’s markets calmed down and seemingly entered another consolidation phase. However, today’s prices show us a more dire picture, with altcoins finding themselves in another …

Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York. The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app. The company announced: “Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on Coinbase or using our iOS …

The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the support and market capitalization has dipped to just under $220 billion. It is difficult to pinpoint the exact reason that started the fall. A few speculators might have built up positions expecting the prices to surge following the launch of Bakkt. However, when that did not play out, they started closing their trades in a hurry. As a result, important support levels cracked and the rest …

The long-awaited launch of Bakkt has seen a lukewarm response as only 63 Bitcoin (BTC) contracts have been traded as of press time. This is not unexpected because Bitcoin has been range-bound for the past few weeks, hence, institutional traders will not be in a hurry to initiate positions. They are likely to wait and watch for a few days and then jump in. Bakkt CEO Kelly Loeffler said that the launch of Bakkt will instill “trust through regulation and secure custody.” As the institutional players warm up to Bakkt, we anticipate volatility to pick up in the next few …

Bakkt Daily and Monthly Bitcoin Futures will launch on Sept. 22 at 8 p.m. EDT. This is likely to increase volatility in Bitcoin, which has been stuck in a tight range for the past few weeks. Expectations are that Bitcoin-settled contracts and the backing of the New York Stock Exchange will attract institutional players, who have largely stayed away from making big investments in cryptocurrencies. How much of this plays out remains to be seen. BitMEX CEO and co-founder Arthur Hayes says that 24 hours a day, seven days a week trading in cryptocurrencies will change the way people trade …

Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next leg of the up-move and Bakkt is an important step in that direction. To maintain its advantage, the Chicago Mercantile Exchange (CME) Group plans to introduce options on Bitcoin futures in the first quarter of 2020, if it gets the necessary regulatory approvals. Tim McCourt …

On the lighter side of things in the cryptosphere, some Bitcoin (BTC) owners have been donating altcoins to the TOR Project — a nonprofit organization primarily responsible for running “The Onion Router.” For some Bitcoiners, the trend is a way of killing two birds with one stone — supporting the TOR Project and getting rid of “shitcoins.” As for the latter half of the equation, Bitcoiners appear keen to extend the running gag of altcoins being worthless. “Donate shitcoins, stack sats” Earlier in September, Bitcoin maximalist and co-host of the “Tales from the Crypt” podcast Matt Odell posted a tweet …

The Chicago Board Options Exchange has withdrawn its application for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). However, VanEck’s director of digital asset strategies Gabor Gurbacs stated that they will continue to work with regulators to bring “a physical, liquid and insured ETF” to the market. Bitcoin had a muted reaction to this news, which is a positive sign. Blackstone CEO Steve Schwarzman said that blockchain technology is good and will be adopted. However, he was not supportive of the idea of using blockchain technology for generating money. While crypto enthusiasts like the decentralized nature of cryptocurrencies, Schwarzman was against …

Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO. On Sept. 12, the company announced the appointment in a Medium blog post. Stellar as an international payments system Kennedy’s network Zelle is the payment system used by JPMorgan Chase, Citi, Bank of America and many other financial institutions, according to its website. It is also claimed that Zelle manages over $50 billion in transaction volumes from over 25 million users. Now, Interstellar expects Kennedy and his team to build new services for Stellar. Kennedy illustrated his ideas: “With Interstellar …