Stellar (XLM & Tron (TRX) – Most of the cryptocurrency market is in the green this morning, as we kick off our Tuesday. Ethereum (ETH) is still trading well below $550, but Bitcoin (BTC) seems to be making a surge towards the $7,000 range. Tron (TRX) remains the top coin with percentage gains today on the market, out of the top 100 cryptocurrencies.
Let’s take a look at the latest developments of two top 10 coins; Stellar and Tron.
ItBit is the first qualified custodian & licensed exchange to receive approval from the New York State Department of Financial Services to offer Stellar Lumens.https://t.co/PSyD2ddNUd https://t.co/BIgNZuCKiy
— Stellar (@StellarOrg) June 14, 2018
ItBit made the announcement last week that it would be adding Ethereum (ETH), Bitcoin Cash (BCH) and Stellar (XLM) to its regulated cryptocurrency exchange platform. This is big news for the cryptocurrency, as ItBit is the first licensed cryptocurrency exchange to receive approval from the New York State Department and because of this, all cryptocurrencies can be offered in all 50 states.
Stellar was chosen over its “big brother” Ripple (XRP), which remains as the third largest cryptocurrency. XLM was chosen over EOS, IOTA and ADA all within the top 10 cryptocurrencies by market cap.
There are rumors circulating that the Stellar Development Foundation (SDF) is planning on launching its own decentralized trading platform (SDEX). These rumors have yet to be credibly confirmed, but the exchange is “expected” to launch sometime next month – we’ll see.
At press time, XLM is trading at $0.237 a coin, up 4.69%, in 24 hours.
TRX is currently seeing massive price gains on today’s market, just before its token migration is set to kick off this Thursday.
Most cryptocurrency exchanges that trade TRX will be handling the token migration, but it would be wise to move your ERC20 TRX tokens over before Thursday – as most exchanges operate overseas. If you don’t move your tokens over to an exchange in time – not to worry. The Tron Foundation will handle the token swap for you. All you need to do is email firstname.lastname@example.org with your balance of ERC20 TRX tokens by December 31th, 2018.
All ERC20 withdrawal service for the Tron Official website will end on Just 22nd.
At press time, TRX is trading at $0.491 a coin, up 19.96%, in 24 hours.
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