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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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OKEx is going to launch futures on Tron on May 20,

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OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

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The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin

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For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
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OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: //t.co/344ykd3iGi – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]

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cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

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Name Price24H (%)
Bitcoin (BTC)
$7,925.00
8.98%
Ethereum (ETH)
$253.92
8.67%
XRP (XRP)
$0.404123
9.11%
Bitcoin Cash (BCH)
$398.70
12.48%
EOS (EOS)
$6.27
6.66%
Stellar (XLM)
$0.140300
7.47%
Litecoin (LTC)
$93.06
8.24%
Cardano (ADA)
$0.085553
7.23%
Tether (USDT)
$1.00
-0.25%
Monero (XMR)
$86.54
7.76%
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