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The number of registered Stellar users has grown by 500%.

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Recently, Stellar (XLM) is increasingly being discussed in crypto space. At the time of writing, XLM is trading at a price of $ 0.162, with a market capitalization of $ 3 billion, which puts Stellar (XLM) in 4th place in the Coinmarketcap rating.

Stellar certainly has more options than ever, since a recent report by Stellar Expert, which tracks analytics on the Stellar network, showed that in the last 6 months Stellar had an incredible leap — the number of registered accounts increased by as much as 500%.

The Stellar team commented on this event on Reddit:

2,000,000 Stellar accounts. It took almost four years to get from 0 to 1 000 000 accounts and only two months to double the number. Network effect in action!  

It is worth noting that this message was viewed more than 500,000 times in one day.

A growth of 500% is certainly significant, but in fact does not reflect the full extent of how Stellar grew in 2018, which is even more impressive, because cryptocurrency markets showed a bearish trend for most of the year.  

In particular, Stellar began the year 2018 with just over 162,000 active accounts, but now this figure has reached the level of 2 million accounts. This means that Stellar has increased the number of registered users more than ten times this year.

The “network effect”, which is mentioned in a message on Reddit, is a common concept in technology and business circles. This phrase means that the more users are added to a particular network, the greater the value of the network or platform itself. This concept is commonly used to estimate the value of many startups that arise, for example, from Silicon Valley.  

It is also worth noting that there were rumors of a partnership with technology giant Stellar IBM. This collaboration will help Stellar enter the global payment space. Many point out that Stellar is a viable competitor to Ripple (XRP) in this regard.

And what do you think about Stellar (XLM)? Leave your comments below!  

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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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Name Price24H (%)
Bitcoin (BTC)
$3,988.21
0.81%
Ethereum (ETH)
$137.95
-1.07%
XRP (XRP)
$0.313064
-1.13%
Bitcoin Cash (BCH)
$159.42
2.70%
EOS (EOS)
$3.71
-0.26%
Stellar (XLM)
$0.116795
8.76%
Litecoin (LTC)
$59.36
-2.55%
Cardano (ADA)
$0.049797
1.22%
Tether (USDT)
$1.00
-0.12%
Monero (XMR)
$51.70
0.10%
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