• Stellar (XLM) price movement takes a scary fall.
  • The price retreats from the intraday high.

Stellar was spotted marking a heavy fall on the price chart since the opening hour. The plunge was quite terrifying as the counters stroked $0.0510 at the moment. The coin is popular for its hasty movement on the price chart. Notably, the last two months were result-giving for Stellar. Even the top guns like Bitcoin, Ethereum, Ripple, etc were seen touching their 90-days high during the same period.

The ongoing month started with a regression. The bearish impact is still in the market and looks like the coins would be suffering for some more time. However, the anticipation of improvement is also tight and that might begin after the current week. For the intraday traders of Stellar, the day doesn’t seem to have much. The day could end with a negative digit and thus the traders are recommended to hold for a while.

XLM/USD Price Chart:

Stellar (XLM) Price News

Yesterday, Stellar opened at $0.0524 and within the first 18 minutes, the coin dribbled to $0.0515 by 1.50%. The coin improved to $0.0523 immediately after the same but couldn’t hold for long and thus dropped back to $0.0515. The currency hovered around the same level for a while and at 05:44 UTC, the price escalated to $0.0520. Although, in the next 46 minutes, Stellar plunged to $0.0505. Thereafter, Stellar started improving and at 13:00 UTC, the price jumped to $0.0532 and despite pullback, the price remained at the same till 14:00 UTC. Stellar was spotted under pullback at 16:01 UTC and thus slipped to $0.0508. The later hours helped the coin to improve to $0.0526 by 3.42%. The closing hours of the day again brought the pullback pressure that brought the coin to $0.0518. The intraday movement of the coin reflected 1.02% regression in Stellar. Today, Stellar began with an improvement that couldn’t last for more than 30 mins. The price counters were spotted moving from $0.0518 to $0.0526.

Thereafter, the price began dropping and at 03:15 UTC, the coin touched $0.0515. Later, the currency escalated to $0.0523 but couldn’t resist the fall. With a spike at $0.0517, the price dribbled to $0.0510 and is currently at the same.

The current price of Stellar is $0.0510 and its immediate support level stands at $0.0508. The same is likely to be breached in the coming hours. The next support level is at $0.0498 and looks like by the midday, the coin might violate the same. The major support level at $0.0487 might remain untouched. However, if the current price momentum improves, then the price has the chance to escalate to the immediate resistance level at $0.0530. Although, the chance of happening the same is quite light.

Working as a world-class cryptocurrency exchange, Bibox has announced the unveiling of its highly anticipated project, the Cross-Margin model, in margin trading to enhance the operational experience of its customers. The reputed platform will allow the users to make a choice between the cross-margin model or the earlier fixed margin model available on Bibox Web or App.

Cross Margin refers to a margin pedagogy that puts to use the entire amount of funds present in the Available Balance, which in turn helps to keep the issues related to liquidations. Any Realized PNL derived from other positions provides help in giving a margin on a losing position. The margin technique works as an effective mechanism for the users who are involved in hedging existing positions and for arbitragers who do not prefer to be counted on one side of the trade during liquidation. In this method, there is no liquidation price, but a risk rate as multiple tokens can be taken for the margin purpose. Cross margin offers 5x leverage to its customers. The interest on the borrowed capital is calculated on an hourly basis and the borrowed funds limit is also fixed. The borrowed capital can maximum be four times the capital volume.

The Cross-Margin Model lends support to 7 top-rated cryptocurrencies and offers the customers with access to 15 leading trading pairs. The cryptocurrencies involved are BTC, ETH, EOS, ETC, BCH, LTC, USDT. The trading pairs offered include: BTC/USDT, BCH/USDT, BCH/BTC, BCH/ETH, ETH/USDT, ETH/BTC, EOS/USDT, EOS/BTC, EOS/ETH, ETC/USDT, ETC/BTC, ETC/ETH, LTC/USDT, LTC/BTC, LTC/ETH.

On February 17, 2020, Bibox announced the news about the launch of the FOMO Trading Battle, which gave the participants a golden chance to win lucrative rewards. The competition started on February 18, 2020, at 3:00 PM (GMT+8). The highest solo reward for the event was 40 BTC. Also, the exchange launched a Valentine Airdrop to attract more and more customers. The event had a reward pool of 712 BIX giveaway. The first 2000 users joining the platform were eligible to get the rewards.

Cryptosphere is all set to witness the launch of Decentraland that is slated to offer a huge crypto treasure hunt. Decentraland will also become the leading blockchain-based virtual world with this launch.

Players who establish an avatar will be allowed to visit the metaverse as early as on February 20 and become an integral part of a four-day event where participating members can discover the Genesis City touted to be a virtual world. The players can also gather exclusive non-fungible tokens from many leading crypto partners.

“For four days the public will scour Genesis City for NFTs, tokens, and loot redeemable for real-world products,” announced the team of Decentraland.

According to the team of Decentraland, the launch signifies the conclusion of more than two years of development. The thoroughly tokenized economy that has been functioning on the MANA cryptocurrency will permit people to create 3D content and virtual scenes. These will be ranging from hyno wheels to hummingbirds.

The launch of Decentraland is also aimed at linking the world of gaming, virtual assets, and crypto.

Meanwhile, Decentraland has also clarified its objective. The yet to be launched Decentraland says it strives to establish a virtual world that is entirely decentralized and retained by the community.

Decentraland will use cryptocurrency to control its Ethereum-based platform, thus establishing a new economy for scores of players, studios, brands that can establish and communicate with 3D content.

It is worth noting that limited availability of virtual parcels of land symbolized by a non-fungible LAND token will permit users to establish and control assets and involve in practices in their own individual digital space.

Users will also be able to avail of the advantages of a world beyond centralized control.

Canaan, a cryptocurrency manufacturer, experienced an 80% rise in its stock prices, closing at $8.04 per share. According to the data produced by Yahoo! Finance the stock prices began in the day by $4.42 and by the end of the day, hit a rise of $8.69.

As compared to the average trading volume of 250,000, around 11 million shares have traded hands.

After making a debut on Nasdaq in November 2019, Canaan’s stock performance has been below the belt until Wednesday i.e., 12th February 2020. Previously Canaan’s had declined by 50% since its Initial Public Offering experienced a decline of $4.31.

The miners contemplate the possibility of the mining reward reduced to half in May. A lot of them have been trying to cycle out their old mining stock, which generates high demand for equipment that has a higher cash rate and better power proficiency manufactured by Canaan, Bitmain, and MicroBT.

The U.S based mining rig broker Blockware Solution CEO Matt D’Souza said,

There’s still a lot of time in the quarter but if they don’t get these units shipped out prior to 3/31 they can’t record deposits etc as revenue under US GAAP (Generally Accepted Accounting Principles). So, it doesn’t make sense for why CAN is skyrocketing (unless there is news of them closing a large deal or rumored buyout).

It is noted that meanwhile, shares of crypto mining firms such as Hut8, Bitfarms, and Argo Blockchain that are listed publicly have also experienced a rise in their prices by 76%, 90%, and 28% respectively.

BitGo, the digital asset financial services giant founded in 2013 in California, and backed by big market layers like Galaxy Digital Ventures, Goldman Sachs, Craft Ventures, Digital Currency Groups, etc. BitGo announced on February 10th in a press release that it is going to expand its global presence by launching two new cryptocurrency custodial platforms in Germany and Switzerland.  The new custodial platforms will focus on providing the BitGo customers with more jurisdictions to choose from according to the suitability for their business. Revealing the same, BitGo tweeted:

BitGo Deutschland GmbH, which is the German entity for BitGo provides custodial services in Germany. Also, the Swiss entity named BitGo GmbH is a member of VQF or the Financial Services Standards Association supervised by FINMA (Swiss Financial Market Supervisory Authority).

Regarding the launch of these two custodial platforms, and why this launch was necessary for these two continents, the CEO of BitGo Mike Belshe said, “We saw a lot of demand in Europe last year and it was clear that clients there needed to be able to work with European based firms that were regulated within specific jurisdictions. Switzerland and Germany have both become important European centers for digital assets as well as for forward-thinking regulatory frameworks. Regulatory compliance is a prerequisite for our clients, and we have been impressed with the understanding and support of Swiss and German regulators.”

BitGo provides the institutional clients, with a comprehensive set of custody, security, and liquidity services about Cryptocurrencies, thereby insuring these digital assets, against any loss or theft, with $100 million. Moreover, BitGo also processes about 20% of Bitcoin transactions across the world and supports more than 250 cryptocurrencies. Though BitGo was formed in 2013, it introduced its first-ever regulated digital assets custodial platform in the year 2018 after its subsidiary firm, BitGo Trust, came into existence.

Regarding the introduction of the new custodial platforms, the company said,

“Built on BitGo’s multi-signature security, BitGo’s custody offerings are purpose-built for securing today’s digital assets. BitGo is focused on regulatory compliance corporate governance and was the first firm to announce SOC 2 Type 2 certification from a leading audit firm.”

Bitmain has quashed an agreement under which DMG Blockchain Solution was made the operator of Bitmain’s mining facility in Rockdale, Texas.

Bitmain is among the world’s largest Bitcoin miner manufacturing and Bitcoin mining firms.

DMG Blockchain Solution has revealed that the decision to end the partnership was mutual and taken over failure to meet “cost and operational efficiencies.”

It is not clear whether the mining farm is currently operating or not. Bitmain has also not clarified whether it will manage the facility itself or hire a new firm.

Bitmain has already installed 15,000 next-generation miners at the mining farm in Rockdale, Texas. At the time of its launch in October 2019, Bitmain had said that, when completed, it would be the world’s largest mining farm.

DMG Blockchain Solution has asserted that it will continue to work with Bitmain on its other mining farms. Recently, Bitmain provided 1,000 miners for an unknown client for DMG’s Christina Lake mining facility in British Columbia.

Bitmain has been laying off staff and shutting its offices across the world after several business forays did not turn out as per its expectations.

Initially, in August 2018, Bitmain had announced that it would build a data center at the Rockdale site. Then in January 2019, it announced that it had changed its mind and will be building a mining firm in the town. The latest setback may end up delaying the scheduled date to make the mining farm fully operational.

Mining farms consume large amounts of electricity and are considered as one of the major sources of global warming. In Rockdale, large amounts of electricity is generated through renewable resources. Thus, the town is attracting mining firms from across the world. Recently, Japan’s SBI Holdings and internet service provider GMO signed an agreement to build a Bitcoin mining farm in Rockdale.

With gamers of this generation spending an average of $85 each on the (free-to-play) games like Fortnite, it is a force to be reckoned with. They contribute over $300 million a month to the game creator’s revenue, and the crypto industry wants a piece of that taste.

The exploding popularity of online gaming and esports has also led to the creation of in-game digital currencies, which could be hugely beneficial for the virtual economies of modern online games. Online gamers face real-time issues on the use of real currencies like delay in transactions, forgery, and many more; cryptocurrencies have been very helpful in mitigating these issues in various pilot programs, and in cases of formal adaptation by various gaming agencies.

According to a report by the digital asset exchange, WAX, 75% of gamers surveyed expressed their wish to exchange their virtual goods for a digital currency that can be transacted on other platforms.

Additionally, 50% of the surveyed gamers owned up to owning cryptocurrencies, and over 80% of the gamers declared that they had not used digital currencies before but were willing to use them to make in-game transactions.

The CEO of WAX Token, William Quigley, stated,

The widespread usage of cryptocurrency in online video gaming is imminent. Video gamers are tech-savvy members of a global community with the desire to make frequent, small transactions across borders. The results of the study could not be clearer: video gamers want to be able to use cryptocurrency to make low-cost gaming-related transactions.

Cryptocurrencies running on decentralized technology creates a more secure platform for gamers, and by eliminating middlemen, reduces transaction fees considerably.

The digital in-game pieces market is plagued by high exchange rates and transaction fees, slow transaction speeds, and inefficient intermediaries. These issues could be resolved by employing high-speed and low-cost digital currencies such as Dash, Stellar Lumens, or Dogecoin, and many more. There are also some sites like Bitcoin faucet, which are basically giving away free money and so they have become extremely popular. Otherwise, game-specific cryptocurrencies, for in-game payments as well as for payouts to gamers and game developers could also be deployed to ensure tamper-free transactions.

In recent years, the impact of blockchain and cryptocurrencies has seen astonishing growth. This has led to a steady rise in the number of automated trading bots like Cryptohopper—a comparatively newcomer that has seen rapid growth owing to its state-of-the-art features and robust underlying algorithm. Cryptohopper allows individuals to remain in control of their trading regardless of time or place, with zero manual intervention.

Cryptohopper’s powerful trading software allows users to entirely automate strategies that will be leveraged by the bot or “hopper” to trade cryptocurrencies like Bitcoin, Ethereum, Ripple, etc. The hopper scans the market looking for open positions according to your trading strategy or signaller. Being based on the cloud, the cryptocurrency bots on Cryptohopper continue trading even when the user’s device is turned off.

The platform’s uniqueness lies in its ability to study across more than 130 technical indicators and candlestick patterns to form the trading strategy, which provides an array of information fully automate it. In addition, it is the only trading platform that identifies candle patterns—a particular shift in prices that some believe can be key in predicting a particular market movement.

Regardless of how complex engineering the Cryptohopper platform is on the inside, the interface of the application is incredibly simple. Anyone can automate their crypto trading just by following a handful of easy steps.

Step 1: Registration

First, one needs to register on the platform with a username, email address, and password in order to create an account and access a simulator to experience the hopper.

Step 2: Link your exchange to your Cryptohopper account

The paper-trading simulator hopper will be virtually connected to Binance, from where one has to navigate it using tutorials to gain Bitcoins. The simulator can be used to have a hands-on experience on all the things Cryptohopper can do.

In order to start trading with your real cryptocurrencies, you just need to go to Baseconfig —> Exchange, disable paper trading mode and copy-paste your API keys. Now, your funds will be displayed in the dashboard.

Once the configuration is done, the final step is to apply the hopper to the user’s exchange account and see those simulated profits turn into real ones.

Step 3: Create Your Own “Hopper”

The next step is to create a personalized hopper on the Cryptohopper platform. The process requires no technical knowledge since there are already available templates, signallers, and strategies in the app’s marketplace which users can apply on their own hoppers. Click on View your hoppers and then on New. Afterwards, some config templates will be shown. It is possible to select one or create a totally new one for scratch.

Step 4: Start Trading

Cryptohopper offers is the perfect crypto trading platform for both unexperienced and professional traders. It provides the user with the possibility to trade automatically in many different ways. Whether you would like to create your own winning strategy or you prefer to rely on experienced traders, Cryptohopper fulfils all your preferences. A marketplace with strategies, signals and templates as well as a strategy designer allow the user to trade will a incredibly varied range of possibilities.

Cryptohopper continues to tweak and upgrade their platform with the aim of bringing the best out of every trader across the globe. Their goal is to craft a tool that works tirelessly on behalf of individuals to execute strategies and make smart crypto trading decisions “even when you’re sleeping.”

Create an account in less than a minute and enjoy their 7 day free trial by clicking here!

The cryptocurrency hype takes its breaks as the prices of the cryptocurrencies like Bitcoin fluctuate steeply. Where it still remains an unreliable space to find the real value in profits, there is one industry that has been thriving with cryptocurrencies, Esports.

Online sports is one of the major segments where blockchain has taken its lead. With cryptocurrencies, a lot of online gaming casinos are sprouting up scraping tons of profits through betting, playing, and watching sports online. But what we need to know is, will this booming effect keep its flame burning in the near future? We decoded a number of ways in which cryptocurrencies have taken over the online gaming. These indicate prosperous speculation for the gaming industry. Let’s take a look:

  • Loyalty Schemes

A crypto-based loyalty program offered by gaming firms offers a reward on the basis of participation and viewership. The players can amass tokens just by enrolling for the applicable service, then running a plugin for the browser, or seeing an escort online to redeem the loyalty tokens.

Last year, Incent, the crypto firm entered into an agreement with Gfinity Australia, with an aim to provide an incentive plan for users or players to reap INCNT tokens as they saw the game on a specific website. China-based Tencent Games recently announced a coalition with SLIVER.tv that aims to enable users in browsing to get Theta tokens during their match of  Ring of Elysium, using these tickets via a similar platform to trade high-end in-game accessories.

  • Game Item Trading

Rather than letting payers only trade items via in-game and platform-specific dealers as well as the auction houses, the crypto item might let players barter weapons, skins, cards, or characters over an open marketplace that can bring real value for the items.

If a games offer such features in a system, the players can obtain a larger ownership sense of things they win in-game. The market will have already set the price of the items. Fuel Games designed a game based on digital card named, Gods Unchained, that as to be traded over the blockchain, Ethereum. Some other games based on  tradeable items also pre-exist, built entirely over Ethereum.

Mintdice is one of the few prominent names in casino gaming industry that offer a huge range of such features that players love. To know more, you can visit their website.

  • Crowdfunding

With blockchain crowdfunding for esports startups will enable a direct contractual alignment with its investors. Owning these funds will be a way to raise capital in a free manner via traditional channels of financing. Wefunder is the name of a prominent funding platform, based on blockchain, that claims an investment worth $78M into its portal through a span of five years. Another undertaking, Globatalent, is a  fresh platform aiming to influence the esports commerce with its funding system based on blockchain.

  • Trusted Payments

The most obvious idea of using cryptocurrency in gaming is to deliver greater trust in payments for players, tournaments, and teams. A smart contract used to secure pertinent payment numbers, and dispense funds to the requisite people on the basis of the tournament results. FirstBlood.io, as well as ChallengeMe.GG are the platforms for tournaments that accentuate the implementation of blockchain in regulating payments that will reassure the player a prompt and quick prize delivery.

The main motive of applications that are anticipated to be built for esports is to give more value to the players, along with the freedom to utilize currencies as well as items across a number of different games. To make this happen, successful game developers will be needed to abandon supervision of their inner transaction networks.

This is the greatest hurdle for bringing blockchain platforms into esports. To gain traction as a currency platform within game environments, someone has to be willing to give up the control they currently have to allow the market to open up towards an independent platform.

Since the days are still salad for a consolidated crypto presence in this industry and a biting criticism revolves around the phenomenon, it’ll be too early to say if cryptocurrency will continue to dominate esports. But it looks capable enough to keep up its momentum even through the hard days.

Private companies who want to grow further raise funds deploying various strategies to bring in investments to their firms. Some prefer to fetch loans from financial institutions, and some try to raise finance through individuals or financial entities by selling their ownership stakes. Companies looking for bigger expansions seek public involvement and sell their shares through Initial Public Offerings (IPOs).

Initial Coin Offerings (ICOs) resemble IPOs in the cryptocurrency industry. They, too, are utilized to raise capital for a company with expansion plans. The respective companies offer ICOs through the coins, or app or their services. The buyers invest their fiat money or exchange other digital tokens to purchase them; they are offered the ICOs in return.

Reasons behind ICOs popularity

ICOs are generally backed up by the supporters of the startups like a crowdfunding venture. But more correctly, ICOs offer monetary returns to their supporters, unlike crowdfunding and thus can be referred to as crowd sales.

The main reasons for their massive acceptance are mentioned below:

  • ICOs are decentralized
  • They are highly unregulated
  • Benefits of both parties
  • Profits have high margins
  • The more the funds received, the more the value of token increases in general
  • Sometimes the prizes of tokens are pre-fixed and no of tokens increases

Popular ICOs in trends

  • Tokens in the Video Gaming Industry
  • Tokens in Social Networking sites
  • Blockchain-based services

Tokens in the Video Gaming Industry

The gaming industry dominates this space, with approximately 40% ICOs being offered in this sector as gaming is popular among all generations for its entertainment value. Industry experts believe that by 2021, the video gaming industry will grow up to $180.1 billion and so the markets will witness a rise of 10.3 % within 2017-2021.

Tokens in social networking sites

The popularity of microblogging sites is consistently on the rise across the world. Apart from the giant social networking platforms, several community-based forums and platforms are popping up every second day. Most of the users are ready to interact via these sites and respond tremendously to any new appealing concept. So tokens have great potential for mass acceptance in this domain.

Blockchain-based services

As the blockchain-based services are sprawling across every possible industry, widely blockchain applied sectors like finance, health, logistics, transport, trade, etc. covers 10% of the markets share.

Apart from the entertainment, the health and wellbeing industry, or, more specifically, the fitness industry is on boom this year.

Limitations of ICOs and solutions

The euphonious surge of ICOs’ turned the attention of regulatory authorities across the globe. Few countries like China have restricted the use of digital tokens in their markets. Also, Twitter, Facebook, and Google have banned the advertisements in 2018 as a preventive measure to curb fraudulent activities or ICO scams.

However, through proper channel recommendations and advisory services, tokens can be purchased.

Across the globe, there are more than 450 crypto startups and many more are in a row to start. More than 1500 cryptocurrencies exist so far, but a still considerable amount of failure can be witnessed in ICOs due to increased competition and certain other aspects. Firms like BlockchainMarketingNinja, thus provide an extensive marketing strategy to promote ICOs to reach to the targeted niche market. They offer exclusive services with its proven expertise in the strategic marketing of ICOs. They offer marketing support to blockchain projects, crypto startups in ICO marketing and promotions.