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Stellar will conduct airdrop on 2 billion XLM among users of the Keybase messenger

The non-profit organization Stellar Development Foundation will conduct an airdrop of 2 billion XLM tokens (approximately $ 118 million) among users of the Keybase messenger. Today we're excited to announce we've partnered with @KeybaseIO for our largest distribution ever! Read the full announcement: https: //t.co/WV6XUmpRfx – Stellar (@StellarOrg) September 9, 2019 According to Stellar representatives, this is the largest coin distribution in the history of the project. […]

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The non-profit organization Stellar Development Foundation will conduct an airdrop of 2 billion XLM tokens (approximately $ 118 million) among users of the Keybase messenger.

According to Stellar, this is the largest coin distribution in the history of the project. Coins will be allocated to participants in batches of 100 million XLM over the next 20 months.

“All you need is an authenticated Keybase account. Your XLM will appear in the wallet automatically, every month, throughout the entire airdrop period , ”says the Stellar blog .

Company representatives also noted that airdrop would be guaranteed to last three months. After that, Stellar will decide whether to continue or not, taking into account the "key success indicators" of the campaign.

Keybase received an investment from the Stellar Development Foundation in 2018 . A few years earlier, the blockchain startup had raised $ 10.8 million in venture capital investments in a round of financing led by Andreessen Horowitz.

The integration of Stellar and Keybase took place in May 2019 and since then, messenger users can send XLM tokens to each other. The developers promise in the coming months to add a number of new features to the messenger.

To date, the number of Keybase users has reached 300 thousand.

Note that the trend towards the integration of crypto assets in various instant messengers and social networks is gaining momentum. For example, by the end of October, the large-scale Telegram Open Network project should be launched, and in 2020, the largest social network Facebook is going to launch its own digital currency, Libra .

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Wells Fargo Banking Holding creates stablecoin pegged to US dollar

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U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .

According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.

The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.

Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.

Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.

Publication date 09/19/2019
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North Korea plans to launch its own cryptocurrency

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North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.

It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.

Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.

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The head of the SEC said when Bitcoin will appear on large traditional exchanges

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]

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Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .

“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.

We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.

Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.

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Name Price24H (%)
Bitcoin (BTC)
$10,263.20
0.96%
Ethereum (ETH)
$221.18
5.32%
XRP (XRP)
$0.302598
-2.73%
Bitcoin Cash (BCH)
$323.73
0.12%
EOS (EOS)
$3.97
-2.53%
Stellar (XLM)
$0.081708
2.65%
Litecoin (LTC)
$76.84
-1.05%
Cardano (ADA)
$0.052528
-0.46%
Tether (USDT)
$1.00
0.20%
Monero (XMR)
$75.95
-6.31%
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