Stellar Burned 55 Billion Stellar Lumens

Stellar Burned 55 Billion Stellar Lumens Tokens

 

Stellar burned 55 billion Stellar Lumens (XLM), the new mandate of its network’s development states. According to the announcement made by the Stellar foundation, this drastic reduction of the number of lumen tokens (XLM) in existence by the development foundation is a part of the intention to improve the effectiveness of the foundation work.

“We believe the number of lumens we hold now aligns better with our mission. SDF will not burn any additional lumens. To burn the lumens, we’ve sent them to a Stellar account with no signers,” the official announcement states.

It is stated that Stellar has burned 5 bln Stellar lumens from the operating fund and it now stands at 12 bln tokens total. It has also burned 50 bln of the 68 bln lumen tokens in Stellar’s World Giveaway Program (for individual airdrops) as well as the Partner Giveaway programs.

In total, of the over 85 billion existing lumen tokens, over 55 billion were burned. At a current price of $0.078696 per token (5, November – coinmarketcap), the total price of the burned tokens is approximately $4 33 billion.

 

To find out more information & details about Stellar as well as its price, check out XLM Price updates and Stellar Lumen (XLM) Price Predictions to be in charge of the potential price movements.

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Microsoft Launches Platform for Minting Enterprise-Ready Tokens

 

Microsoft is intended to issue tokens similar to Bitcoin for test driving. The companies has already launch a mint platform for issuing a broad variety of crypto coins and tokens.

With the mint, named Azure Blockchain Tokens, anyone can design, issue as well as control a large variety of cryptocurrencies, which is possible to be detected to exist in just 1 place at a time. This makes them way harder to falsify as well as lot simpler to analyze. Azure Blockchain Tokens will be provided in different forms such as non-fungible bonds, documents as well as tickets.

For now, Azure is utilizing the Ethereum blockchai. Though, in the coming period developers will have the possibility to utilize Azure Blockchain Tokens on the public Ethereum blockchain or even at distributed ledgers developed by several of Microsoft’s competitors.

Principal architect at Microsoft Marley Gray mentioned: “We’re creating a platform in the cloud where any token within the TTI framework can snap into place. So you can build applications where you want to use tokens with.”

 

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Tron Network Total Accounts Surpass 4 Million

 

The number of TRON network total accounts has surpassed 4 million. The amount was reached after Samsung and Opera added support for TRX to their wallets.

The official announcement was made via the official Twitter account TRONSCAN (a platform to track data on the TRON blockchain) on November 4, 2019.

Congratulations on #TRON total accounts exceeded 4 million!

1⃣According to #TRONSCAN, TRON total accounts have reached 4,015,527
2⃣TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.

Appreciation to all #TRONICS @Tronfoundation pic.twitter.com/42TKdRw44Q

— TRONSCAN (@TRONSCAN_ORG) November 4, 2019

The numbers do not make it clear whether the accounts are active or passive as well as if the inactivity is likely permanent or temporary. On the Bitcoin network, the number of active daily unique accounts has been ranging between 400,000 to 500,000 over the previous couple of weeks.

Therefore, the number of everyday active accounts on TRON blockchain is said to probably be less than the complete number of opened accounts since the network’s inception. However, Tron has seen millions of Tethers swapped to its blockchain from Ethereum in recent weeks.

 

To find out more info about TRON (TRX) and stay up to date with the latest market movements, check Tron (TRX) Price Predictions.

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Binance Terminates Stellar Staking

 

One of the leading cryptocurrency exchanges in the world, Binance terminates Stellar staking due to inflation’s elimination.

After the year of discussion about inflation, Stellar Development Foundation cast aside the coin which lead to a change in the dissemination rewards mechanism, as well as making Binance terminate their staking support in Stellar’s Lumen.

Since October 28, 2019, at with the Stellar Protocol Version 12 released, there isn’t inflation in Stellar network anymore. Ultimately, Co-Founder of Stellar Jed McCaleb stated that the inflation needed to be removed as it failed to serve its genuine purpose. Primarily the XLM generated inflation was supposed to be directly transferred to support projects within Stellar’s ecosystem as well as the Stellar built prospective teams.

However, over a period of time, it turned out that the reason for major part of users to join those kinds of pools is to get the generated inflation & it’s not clear where most of this profit gets directed. For this purpose, lots of accounts are created and, as a result, the inflation could erase a huge issue for the scalability of the project.

As a consequence of the inflation removal, Binance Staking stopped their support for Stellar Lumen staking. This indicates that Binance users won’t be able to stake their XLM through Binance crypto exchange to obtain annual rewards anymore.

 

To find out info about Stellar, check out XLM Price updates and Stellar Lumen (XLM ) Price Predictions.

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Ripple CEO: “Pre-funded accounts will become a thing of the past.”

 

Ripple continues the explorations to find new perspectives, as a result ensuring its adoption and establishing Ripple’s and other cryptocurrencies traditional case of uses.

Being in cooperation with MoneyGram for quite some time, Ripple provided a new payment method to MoneyGram, increasing the transactions’ effectiveness & speed.

According to Ripple CEO Brad Garlinghouse, CEO of MoneyGram, one of the leading money transfer companies in the world, personally contacted him in order to develop new potential opportunities to broaden Ripple’s On-Demand Liquidity service to other jurisdictions.

Senior Vice President of Ripple Asheesh Birla confirmed that MoneyGram will be extending On-Demand Liquidity to new places by the end of the current year.

ICYMI – in today’s @MoneyGram earnings call, CEO @walexholmes announced plans to expand use of Ripple’s on-demand liquidity to new corridors before EOY. “Our partnership with Ripple will be a competitive differentiator in the months and years ahead”

— Asheesh Birla (@ashgoblue) November 1, 2019

At the present time, MoneyGram already utilizes On-Demand Liquidity in Mexico & the quite easy way of the transaction implementation is said to be a stimulation for Holmes to make a decision about rapid expansion.

As reported by Ripple’s CEO, these transactions are completely implemented in approximately a minute and the spread of Ripple’s services can ensure that in the near future “pre-funded accounts will become a thing of the past.”

Many have doubted the benefits of #XRP, but you don’t have to take my word for it. The proof is in the pudding: @MoneyGram is experiencing real-time settlement (~60 seconds) in USD to Mexican pesos. Pre-funded accounts will become a thing of the past. https://t.co/Fczhp0DhiI pic.twitter.com/x0owlFvfiX

— Brad Garlinghouse (@bgarlinghouse) November 1, 2019

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French High School will Teach About Bitcoin and Altcoins

 

As a step forward to better understanding and adoption of Bitcoin & cryptocurrencies, France is intended to present a new educational program for French high school curriculum that will include Bitcoin and other crypto coins & tokens.

Already in June of the current year, the National Education Ministry of France made changes in its education plan and included in it Bitcoin, the largest crypto–asset in the globe. It is expected that French educators will teach an introductory course that will allow students to understand the influence of Bitcoin on the French and international economies.

The ministry will also provide teachers with 3 educational explaining videos, addressing queries such as “Is Bitcoin the future currency?”, “Can Bitcoin substitute the Euro?” as well as “Do you have trust in your currency?”

In accordance with the program of the French Ministry, students will need to draw a parallel between traditional currencies and Bitcoin. This will help the students have a prior comprehension of the meaning of Bitcoin, as well as other crypto coins and tokens, understand the role they have in the traditional financial industry.

 

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Italians Prefer Bitcoin over Visa or MasterCard

 

Italians Prefer Bitcoin over Visa or MasterCard, La Stampa writes. Bitcoin is the 3rd most used online payment method in Italy, Boston-based marketing analysis firm SEMRush reports.

Italians are buying more and more online. In 2018, the total B2C spending on e-commerce was over 40 billion euros in Italy, with 62% of Italians making at least one purchase on the internet, and 2019 does not seem to be any less.

According to an analysis made by SEMrush, the payment methods that are used the most are PayPal, PostePay and, surprisingly, Bitcoin.

What’s more, the analysis indicated that Italians use Bitcoin for online shopping more often than traditional credit cards like Visa, Mastercard or American Express.

As reported, being in third place, as a payment method Bitcoin is used over 215 800 times, quite more than American Express (189,000 per month) being ranked on the 4th place,as well as Visa and Mastercard being used 33,950 per month that are ranked on the 8th place.

This is an interesting fact as actually not so long ago Bitcoin was not considered trustworthy by the most part of consumers, who could not completely understand its meaning. Even today, most e-commerce websites don’t accept this payment method. However, it’s a fact that it has been used widely within the previous year in Italy.

 

To find out more info about Bitcoin, check out Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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