Could the EU use Stellar Lumens to issue its CBDC?

Could the EU use Stellar Lumens to issue its CBDC?

On a Reddit post, Stellar community has discussed the most recent developments on the possible issuance of a central bank digital currency (CBDC) by the European Union. According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year. Lagarde has had an unfavorable […]

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Stellar Foundation Offers Lumen to All Bitcoin Users

Stellar Foundation to give away lumen crypto-tokens to all bitcoin holders in the coming months. It is good news for those bitcoin users with a streak of altruism in their blood. Stellar Foundation is giving away a significant number of lumen, the crypto-tokens used by Stellar protocol to bitcoin users. According to the latest announcement from the Stellar Foundation, 19 percent of the total lumens initially created will be distributed among bitcoin users, starting July 4, 2016. By giving away 19 billion lumens to the Bitcoin community, Stellar hopes to involve the bitcoin community....

Stellar Offers Lumens to Bitcoin Holders, Except in Countries on US Sanctions List

Decentralized financial system, Stellar, invites the members of the Bitcoin community to claim their cryptocurrency, Lumens. With around 19 billion Lumens being distributed in multiple rounds to anyone based on the quantity of Bitcoin they have, people can start claiming their Lumens on July 5, 2016. Due to restrictions, the program is closed to the residents of New York, Georgia, New Hampshire, Connecticut and any countries on the U.S Sanctions list such as Iran, Cuba, and North Korea. StellarCT r: 130CT r: 130 itself is a network which, unlike regular blockchains, uses the Stellar....

Stellar Lumens doubles in price following upgrade

The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the 20 cent mark for the first time since Sept. 2018. The ‘stellar’ price action followed an announcement by the project’s developers that a new version of the Stellar public network protocol had been implemented by validators. The Protocol 15 upgrade was voted into effect at 4:00 PM UTC on Nov. 23 and introduces two new features that aim to reduce the level of....

Stellar Leads Crypto Gains as XLM Rallies by 49%; Pullback Ahead?

Stellar Lumens’ native token XLM was among the biggest gainers in the cryptocurrency market in the previous 24 hours, rising by roughly 49 percent in the US dollar-pegged markets. The XLM/USD exchange rate reached an intraday high of $0.313 after dropping to as low as $0.20 in the previous session. Traders flocked into the Stellar […]

Bitcoin Holders Can Claim Free 16 Bln Stellar Lumen Tokens

Decentralized payment network Stellar has announced the final round of its Bitcoin-Lumen Program, where Bitcoin holders can claim its lumen token for free. The program, which began in April 2016, features 19 percent of the total lumen supply, which developers reserved at launch exclusively for Bitcoin users. Of the 19 bln lumens on offer, only 3 bln formed the first round of the giveaway, with release details of the remaining 16 bln to be officially announced on March 28. The value of the remaining tokens is approximately $16 mln. “Bitcoin acted as a profound inspiration for Stellar, which....