Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. In the post it share, “…After that, on September 1, we will tally average user XLM balances based on these snapshots and complete the distribution of your XLM staking rewards.”
A payment platform Wirex will be launching 26 stablecoins on the stellar blockchain network. The announcement on launching the stablecoins was made on Thursday with the confirmation that the stablecoins will be backed by a variety of fiat currencies such as U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.
Smartlands Project Firm is planning to make use of tokenizing concept to fill the liquidity gap. CEO Arnoldas Nauseda explained, Investors can then expect their returns to come usually in the form of rent from property tenants as well as when the property itself is sold. From the Notthingham property (first property to be tokenized), investors can be guaranteed of annualized returns to the tune of 16%.
A cryptoexchange based in the US, Coinbase have revealed that they have begun supporting the Stellar cryptocurrency (XLM) for its desktop and mobile application. The announcement was made in the exchange’s blog and was made available in most jurisdictions since March 18, however, traders from the UK and the state of New York will initially will not available to access the asset.
A digital publishing houses in Europe, Axel Springer have recently announced that they will be accepting cryptocurrency micropayments using Stellar. The senior vp of new business, Axel Springer, Dr Valentin Schöndienst explained, “SatoshiPay offers a turnkey solution that allows us to instantly use blockchain technology and offer it to our customers.”
A cryptocurrency wallet firm, Blockchain has announced their plan in launching the “largest cryptocurrency giveaway in history,” referring to airdrop $125 million in Stellar Lumens (XLM). The CEO of Blockchain, Peter Smith expressed regarding the airdrop, “The genesis of this project was; how do we help millions of people make their first transaction?”
A new stablecoin backed by Australian dollar (AUD) is to be unveiled on the Stellar blockchain as announced by the Novatti Group. The company would be issuing Novatti AUD Utility Token from 19th November which is to be backed 1-for-1 with AUD held in a trust. The managing director believes that it would be used to purchase goods from Australian enterprises.
The BitGo wallet service provider has added Dash and Stellar to its platform. The Dash has also declared the association with BitGo through its Twitter handle. The BitGo wallet already extends support to 85+ digital assets and cryptocurrencies. The wallet also provides ‘multi-signature wallet’ that is recognized as an institutional-grade security wallet.
The StellarX, zero-feed decentralized exchange, has been developed on the Stellar blockchain. The StellarX formed by Chain and Lightyear provides similar user control to its Ethereum blockchain counterparts. The decentralized exchange supports fiat deposits through ACH transactions from the U.S. bank account and would be supporting euros, pesos, naira, yuan, Hong Kong dollars, and the pound.