What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

In January, we launched a new education initiative called Blockchain Primers to ensure our users have the latest and most reliable information, data, and research on the cryptoasset options in their wallets (and beyond).

Today, we’re happy to share a primer on Stellar (XLM), which many of you have test-driven through our $125M airdrop.*

In it, you’ll find:

  • Highlights: quick takeaways on XLM’s key differentiating features (e.g., strengths and issues/tradeoffs)
  • Data: empirical data summarized in charts and tables, including new data not previously available to the public
  • Comparative summary: quantitative and qualitative data-driven comparison against Ripple (XRP)
  • References: links to additional information where you can learn more

Founded in 2014 by crypto pioneer Jed McCaleb and Joyce Kim, Stellar is designed to be a “world-wide payment network� that facilitates the fast exchange of currencies, assets and tokens with negligible transaction fees.

That utility and payments focus has led its native token, Lumens (XLM), to consistently rank as one of the leading cryptoassets in both market value and ecosystem support (e.g. exchange listings and partnerships with companies like IBM, Stripe and Kik).

We’ll have more insights on Stellar in the coming months, but encourage you to download our Stellar Primer for a digestible, yet thorough, rundown of how XLM can play a role in your Blockchain Wallet.

Click here to download our Stellar Primer.

*If you haven’t yet taken advantage of our airdrop, there’s still time! Click here to get started.


Source: blockchain.com
What is Stellar? A Primer on Our Wallet’s Newest Cryptoasset

Latest Bitcoin Price Rally Made Mining Profitable: Analyst

The latest bitcoin price rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex Krüger.

The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December 15, 2018, in $$3,100-3,200 range. That signified that more miners were entering the bitcoin economy despite layoffs and shutdowns taking place across the horizon. Meanwhile, the breakeven cost on the December 15 bottom formation was sitting around $3,150. After deducting mining rig depreciation, the value surged to $3,850 against a $3,200 bitcoin price.

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But as of April 18, 2019, the breakeven costs were ranging between $3,550 and $4,350 against a $5,250 bitcoin price. That, at least, ensured a 900 dollar profit for each bitcoin mined.

Assumptions

Krüger reminded that he was calculating operating expense based on the electricity rate of 5.5 cents kWh. So, the breakeven cost could vary in line with an increase or a decrease in power rates.

“An exact number is heavily dependent on electricity cost,” Krüger added. “[For example,] last December Coingeek reported an electricity cost (inclusive of all operational expenses) of $0.073. I am using $0.055.”

Krüger power rate assumptions were lesser than what Chinese miners were paying to run their bitcoin operations. Hashage, a Sichuan-based company with six bitcoin mining farms, revealed that Chinese plants were supplying more electricity against the demand. As a result, they were paying as little as 3.5 cents kWh for hosting equipment on miners.

bitcoin mining

Source: CryptoCompare

At the current bitcoin price, and using all the Krüger’s assumptions except for the electricity rate, one can assume that miners in China are making more than $2,000 in profits after mining one bitcoin. [Note: the calculations do not include pool fees.]

Of course, the numbers as mentioned above could change with even the slightest disruption in one of the metrics. The electricity rates are not constant, but given that more than 80 percent of the bitcoin mining takes place in China, the profits mentioned above can guarantee upside balance sheets for a majority of miners.

Threats

The Chinese government lately expressed its plans to ban cryptocurrency operations. Though the decision has not matured into action yet. But the displacement for miners, that contribute more than 90 percent hash rate to run the bitcoin blockchain could bring interim trouble. Miners could be forced to look for other domiciles in the regions, the nearest being Mongolia or Hong Kong (it’s pretty expensive, though).

The huge hash rate deficiency left by the Chinese miners could pose opportunities for other countries. For instance, Bitfury, one of the only non-Chinese bitcoin mining farm operating from Georgia, could accelerate operations to control the bitcoin blockchain. Meanwhile, countries like Iceland and India could also start mousetrapping a portion of bitcoin mining distribution thanks to their affordable costs.

The post Latest Bitcoin Price Rally Made Mining Profitable: Analyst appeared first on NewsBTC.


Source: newsbtc
Latest Bitcoin Price Rally Made Mining Profitable: Analyst

Binance Coin [BNB] isn’t the only coin to record a surge of over 300 percent in 2019

The collective cryptocurrency market has seen a massive upswing since the beginning of the year, with the market weathering the infamous crypto-winter. Several coins have defied the bears, breaking multiple resistance levels to reach notable highs. Among them, the stand-out is clearly Binance Coin [BNB] which has broken through the top-10, amassed a gain of […]
Source: bitcoinwarrior
Binance Coin [BNB] isn’t the only coin to record a surge of over 300 percent in 2019

Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?

Opinion: Bitcoin, the first cryptocurrency, has had over ten years to grow. However, other altcoins did not have the liberty, due to which Bitcoin exerts its dominance over almost all altcoins in the ecosystem, be it Ethereum, XRP, or Cardano. The price of altcoins generally tends to rise if Bitcoin’s price surges rapidly. The same […]
Source: bitcoinwarrior
Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?

Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies

Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies

Having access to detailed and real-time market data is a precondition for becoming a successful cryptocurrency trader. Crypto Rocket is a mobile app that aggregates useful information about digital coins including price movements and the latest developments in the space.

Also read: BCH Merchant App Allows Businesses to Accept Crypto Payments in Store

Prices, Charts, News and Analysis in One App

Crypto Rocket is a free application developed for Android devices that tracks the prices of over 2,000 cryptocurrencies. It pulls market data from multiple digital asset exchanges including major platforms such as Kraken, Coinbase, and Bitfinex, as well as Localbitcoins, which is the leading peer-to-peer exchange.

The software can notify users when the price of a particular coin crosses a certain threshold thanks to customizable price alerts. Traders can create a watchlist to filter followed currencies. Interactive historical price charts allow them to examine market trends over different timeframes.

Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies

The app also offers homescreen widgets that will help you stay informed about market developments concerning the coins you are interested in as well as a Breaking News page. There’s also a Details section that facilitates deeper analysis based on highs, lows and total volume.

Crypto Rocket comes with a currency converter that can be used to compare the market prices of cryptocurrencies in fiat equivalent. The feature supports dozens of traditional currencies including Indian rupee, Russian ruble, Turkish lira, South African rand, Brazilian real, and Vietnamese dong.

If you need to keep track of the current prices and market valuations of cryptocurrencies you can also use the Satoshi Pulse market cap aggregator developed by Bitcoin.com. The platform allows you to pick your favorite digital coins and calculate their price in a number of crypto and fiat currencies. It’s available in English, Russian, Chinese, and Korean.

What cryptocurrency tracker are you using? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies appeared first on Bitcoin News.


Source: bitcoin.com
Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies

From Bitcoin Price Stabilization to The End for SV? – Top Stories of the Past Week

Another Sunday, another Sunday digest. Your one-stop shop to catch up on all the important news in the world of Bitcoin and cryptocurrency.


Bitcoin Price Consolidating For Next Big Move

Bitcoin price 00 continues to hold over $5000, entering a new accumulation phase before the next big bull run, according to some. Latest moves have seen yearly all-time highs tested for both BTC and numerous alt-coins.

bitcoin price bottom

The general consensus continues to sway towards the bottom of the bear market having passed. The Mayer Multiple (MM) Indicator, which signalled the bottom of the last downturn, is flashing again. Even UBS is calling the market bottom, although it (somewhat disparagingly) suggests it may be 22 years before we see a new ATH.

Binance coin didn’t seem to accept this, and became the first cryptocurrency to bounce back and already surpassed January 2018 highs. We’re fairly certain that BTC will also take this 22 years figure with a pinch of salt.

Latin American Growth

This week saw numerous BTC-related records fall across Latin America. Faced with the threat of either their own fragile economies, or a certain Donald Trump, business was booming for Bitcoin. Mexico and Venezuela posted record BTC volumes traded on LocalBitcoins, the former due to Trump’s threat to target remittances.

mexico bitcoin

Argentina’s runaway inflation problem is seeing more people turning to Bitcoin to preserve their wealth. While Brazilian seems to be headed in a similar direction, perhaps driving 100,000 BTC traded on Brazilian exchanges in just 24 hours.

News of the Trump administration’s latest measures against Cuba could well see another BTC hotspot open up before our eyes.

Bitcoin Payments Acceptance

Several big merchants who were early adopters in accepting cryptocurrency payments moved out of the market due to the volatility of BTC price in recent years. However, in a significant move, the UKs biggest business travel agency announced that it would start accepting payments in bitcoin.

Three countries approached the IMF stating their interest in issuing Bitcoin-backed bonds to raise sovereign capital. And Sweden even changed its official currency to Bitcoin… at least, some hackers did on Sweden’s behalf. But for 30 minutes we got a glimpse of what the future could look like.

Regulation Miscalculation

France called for Europe-wide implementation of its ‘new and innovative legislation‘ for cryptocurrency. Bitcoinist wasn’t sure it had quite hit the mark, and such face-control would likely have hurt the Bitcoin campaign to raise funds for the restoration and repair of Notre Dame cathedral.

Elsewhere, Russia is starting to realize that it had no idea how to regulate cryptocurrency, and Nevada scrapped its planned regulatory bill.

So Sorry SV

True to its word, Binance officially announced it will delist Bitcoin SV after a week’s grace period for traders.

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Other exchanges may well follow suit over the coming weeks following Kraken and Shapeshift who have already pulled the plug.

What was the most important Bitcoin story from the past week? Share your thoughts below!


Images via Shutterstock

Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users – Cointelegraph

Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users  CointelegraphNews. Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that made user funds look like they had disappeared, they …
Source: worldnewsoffice
Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users – Cointelegraph

Ethereum [ETH]: Ernst and Young to launch zero-knowledge proof technology on ETH blockchain

The mainstream adoption of cryptocurrencies has been a topic of discussion for the longest time. This push by cryptocurrency organizations for integration seems to have paid dividends as many institutions have started adopting cryptocurrencies or at least blockchain technology. The latest company to tap into the world of digital assets is Ernst and Young [EY], […]
Source: bitcoinwarrior
Ethereum [ETH]: Ernst and Young to launch zero-knowledge proof technology on ETH blockchain