The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market. We’ll be checking in on Stellar (XLM) and Cardano (ADA) for the latest project updates.
Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain- and crypto-related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.
Due to all this crypto-positive news, most coins in the top 100 are in the green, and some are seeing major percentage gains. Let’s take a closer look at the coins leading the market this morning.
Stellar (XLM) is currently leading the top 50 coins for highest percentage gain on the market today. At press time, XLM is trading at $0.295 a coin, up 28.12% in 24 hours.
Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenization space.
Read more: https://t.co/FYiRmGxt6y
— Stellar (@StellarOrg) July 17, 2018
Nearly 24 hours ago, the Stellar Foundation announced that Stellar was the first distributed ledger protocol to receive a Sharia compliance certification in the money transfer and asset tokenization space. The Shrariyah Revier Bureau (SRB) is the leading international Sharia advisory agency licensed by the Central Bank of Bahrain.
SRB and Stellar’s new partnership means that the Stellar ecosystem can now reach regions where financial services require compliance with Islamic financial principles. Stellar technology can now be integrated into Sharia-compliant product and service offerings in these following countries:
- Saudia Arabia
On top of this great news for the Stellar ecosystem, IBM announced that a “crypto dollar” could be the key to blockchain payments and one day a fed coin.
IBM thinks a “crypto dollar” may be the key to blockchain payments—and eventually a Fed Coin https://t.co/wullaEVRI0
— The Ledger (@FortuneLedger) July 17, 2018
IBM has had a long-standing working relationship with the Stellar Foundation, and the new Stronghold platform was built on Stellar. Stronghold has just launched a new stable coin called ‘Stronghold USD.’ This new coin will be in competition with Tether (USDT).
Update on Shelley https://t.co/Bme4gesCgC
— Charles Hoskinson (@IOHK_Charles) July 16, 2018
Input/Output (IOHK), the company behind the project Cardano, provided its loyalists with an in-depth update on the Shelley Project. Liz Bancroft-Turner, project manager of Shelley, discussed how the project has been broken down into smaller workstreams, which makes sure each piece of the project is completed without flaw and achieves the main goal of the project – the complete decentralization of Cardano.
Earlier this month, Cardano’s co-founder, Charles Hoskinson, confirmed that Shelley would be released before the end of April 2019, with hopes that it could be released by the end of this year.
If you’d like to view the transparent and one-of-a-kind active Cardano roadmap, you can do so here. The roadmap shows you what is currently being worked on in the Cardano project, what developer is working on it, and its completion percentage.
At press time, ADA is trading at $0.181 a coin, up 19.63% in 24 hours.
Featured Image: Marina