Bitcoin is Flashing Signs of Weakness as It Trades Below Crucial Level

18m
bitcoinist

101Investing: New crypto broker tested

1h
cryptoticker

A Panel of Experts See Bitcoin Averaging $12,948 by Year End

2h
thebitcoinnews

Crypto Adoption: Newly Launched Binance Card To Serve 60 M Plus Merchants Across Europe

2h
coingape

Economic Expert: Libra, Interesting But Will Never Launch

2h
coininsider

Can Chainlink’s Market Cap Surpass That Of BCH and BSV Combined?...

2h
zycrypto

Investors Expect Chainlink To Reach $10 Before Bitcoin Recaptures $10,000

2h
zycrypto

Appeals Judge Allows NY Investigation Into Tether Stable Currency

2h
livebitcoinnews

Did this Texan falsely file for PPP loans only to buy crypto with the funds?

3h
zycrypto

Did‌ ‌this‌ ‌Texan‌ ‌falsely‌ ‌file‌ ‌for‌ ‌PPP‌ ‌loans‌ ‌only‌ ‌to‌ ‌buy‌ ‌crypto‌ ‌with‌ ‌the‌ ‌funds?

3h
zycrypto

Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

3h
bitcoinist

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

3h
cryptoglobe

Why Bitcoin.org’s secret owner wants Bitcoin price to stay in the...

3h
zycrypto

Binance Rolls Out Crypto Debit Card in Europe and UK

3h
zycrypto

From Politics to Crypto: The BTC Journey of Craig Bergman

4h
livebitcoinnews

Block Crunch - Why Avalanche is Not an Ethereum Killer - John Wu, Ava Labs

4h
letstalkbitcoin

Nearly 60% Of Bitcoin Investors Say They’ll HODL To The Grave If The Price Stays Below $10,000

4h
zycrypto

US Army Requests Information on Tools to Track Cryptocurrency Transactions

5h
thebitcoinnews

Bitcoin & Cryptocurrency FinTech Apps Outperform Non-Crypto Peers: Report

5h
coingape

Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins

5h
bitcoinist

TTS 266 Elections, Lockdowns, Protests, and Liberty: Live from PorcFest with Ernest Hancock

5h
letstalkbitcoin

Cryptocurrency News Roundup for July 14, 2020

6h
beincrypto

Strong fundamentals mean Cardano (ADA) could keep up with its July rally

6h
cryptoslate

Bitcoin's Price Stability Is a ‘Good Thing’, Bitcoin.org Co-Owner Argues

6h
cryptoglobe

The Hash Ribbon Is Back, Suggesting further BTC Gains

6h
livebitcoinnews


50 Mln XLM Moved From Stellar Development Foundation to Kraken, Community Expects a Dump

utoday

8mon ago

As reported by the Whale Alert Twitter page, on Sunday, the Stellar Development Foundation (DSF) wired 50 mln XLM to the Kraken exchange. In the comment thread, the community expresses its indignation and despise towards an expected XLM dump.

50,000,000 #XLM (3,622,791 USD) transferred from SDF Operations to #Kraken Tx: https://t.co/55fRKjDnh7

Nearly 20 hours ago, the SDF transferred slightly over $3,600,000 in XLM to the Kraken exchange. The Stellar community is now expecting a dump and is showing disappointment in the comment thread and, therefore, expecting an XLM price decline.

@JedMcCaleb @StellarOrg who's ready for 5 cents

Go on Jed dump on your Community #XLM

It reminds me of the Feds repo injections lol

In the case with XLM, the Stellar community seems to believe the situation is the same as with numerous XRP releases made by Ripple Inc from escrow or when it merely sent large amounts of the coin to various organizations, including charity ones.

Many in the XRP community reckon that these ‘XRP dumps’ are preventing the price of the coin from surging. It has remained below $0.3 for a very long time and seems unable to get over this level.

The XRP army has been looking forward to a rise of the price, since Ripple keeps striking new partnerships (over 300 new customers this year). One of the biggest clients added thi year is the global remittance service MoneGram that now uses On-Demand Liquidity and XRP.

About two weeks ago, Stellar eliminated around half of the total supply, having burned 50 bln tokens. This made the XLM price surge 25 percent. However, the community took this coin burn skeptically.

As reported by U.Today last week, XLM was among the five coins added to the Coinbase debit crypto card, along with XRP.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments