The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (available on Coinbase) (LTC) and Stellar (XLM).
Litecoin (available on Coinbase) (LTC)
Two hours ago, Litecoin (available on Coinbase)’s founder, Charlie Lee, tweeted about the latest partnership his company has just finalized.
I’m excited to announce that @LTCFoundation and @TokenPay have entered into a strategic partnership to buy a stake in a German bank, WEG Bank AG. We plan to work on many exciting consumer-driven crypto solutions. Stay tuned! 🚀
For more info: https://t.co/K58SpQKvEl pic.twitter.com/6agmsa7wkb
— Charlie Lee [LTC⚡] (@SatoshiLite) July 10, 2018
Token pay acquired 9.9% of WEG Bank. The TokenPAy announcement reads:
“With the prominent addition of Litecoin (available on Coinbase) as a strategic marketing, blockchain technology, and logistics partner in WEG Bank and its long-standing partnership with Verge Currency, TokenPay conservatively anticipates adding several hundred thousand customers to its debit card solutions platform in the near term. Accordingly, the technical expertise provided by Litecoin (available on Coinbase) will be a tremendous benefit to the establishment of comprehensive automation guidelines and standards employed by the bank as it explores new market opportunities.”
In addition to the partnership news, just ten days ago Litecoin (available on Coinbase) Core v.0.16.0 was released. This new upgrade shows major progress of the Litecoin (available on Coinbase) network.
Also, if you’re an investor in the Bay area, there will be a Litecoin (available on Coinbase) summit in mid-September you can attend. Click the link to register!
Tickets for the Litecoin (available on Coinbase) Summit conference in San Francisco on September 14 & 15th are now available on https://t.co/y8nsUl9jn8! pic.twitter.com/Jl2j5bSL8w
— Litecoin (available on Coinbase) (@Litecoin (available on Coinbase)) June 16, 2018
At press time, Litecoin (available on Coinbase) (LTC) is trading at $76.63 a coin, down -6.77%.
Stellar (XLM)
Five days ago, the Stellar Foundation announced StellarX.
Announcing StellarX! A user-friendly and totally free place to trade on @StellarOrg‘s universal marketplace. https://t.co/tPNYGY2qe0
You trade on-chain. We refund all network fees. Swap crypto, fiat, commodities, whatever. Get an invite here: https://t.co/CVSogvKJGE
— StellarX (@stellarxhq) July 5, 2018
This is the biggest announcement the project has had in months and will be a universal marketplace to trade cryptocurrencies. The trades happen on-chain, and all network fees are refunded.
StellarX will be open to the public this summer, and the team behind the project is currently taking emails down for first-time users wanting to be added to the platform when it’s ready.
The website claims that you will be able to trade for every asset class imaginable, but it remains unknown how much they will charge for each project to get their tokens listed. Many exchanges when first introduced only have a few coins to trade.
Stellar X is said to also have fiat, bonds, and commodities trading on the platform. It will be interesting to see what they have on the platform when it is first released. StellarX will be run on the Stellar ecosystem.
At press time, Stellar (XLM) is trading at $0.195 a coin, down –7.66%, in 24 hours.