Stellar (XLM) Embraced by Visa-Backed Blockchain Company

The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens. The for-profit subsidiary of the Stellar Foundation, Lightyear, purchased Chain for around $40 million. As part of the all-cash deal, all of Chain’s existing investors, such as Citi Ventures, Visa, and Nasdaq will all receive a return on their initial investment, Chain’s co-founder, Adam Ludwin, told Forbes. “All of the clients that we have now have effectively shifted from using a traditional database model to…

Vitalik Buterin Told Bloomberg that Crypto Won’t See “1,000-Times Growth” Again

Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone. Blockchain Ceiling in Sight “The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin told Bloomberg. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” Vitalik…

Winklevoss Twins Launch World’s First Regulated Stablecoin: Read All About It! 📰

A bit of an understatement, but it’s a massive day for the crypto industry. On Monday, the Winklevoss twins announced the launch of the Gemini stablecoin, a regulated cryptocurrency backed by USD. Super excited to announce the launch of the Gemini dollar, the world’s first regulated stablecoin! So proud of our amazing team. cc @GeminiDotCom https://t.co/7qUYM2rjtP — Tyler Winklevoss (@tylerwinklevoss) September 10, 2018 Here’s why this is significant crypto news. Introducing the Gemini Stablecoin There are multiple reasons to be optimistic about the Gemini dollar, aside from it being the world’s…

The US SEC Ceases Trading on Two Exchange-Traded Notes

The cryptomarket is fumbling at the moment. The reason could be the US Securities and Exchange Commission’s (SEC) decision to cease trading on two exchange-traded notes or ETN’s. The regulator has ceased XBT Provider’s trading of Bitcoin and Ether Tracker One securities but why? SEC Ceases Trading on Two Exchange-Traded Notes The SEC issued a notice that the two exchange-traded notes would stop trading until September 20th.  The two affected notes are Bitcoin Tracker One which trades under the code CXBTF, and Ether Tracker One which trades under the code…