President and VP to Left Their Posts at NEM

Lon Wong and Jeff McDonald will continue to cooperate with NEM Foundation as advisors
03 April 2018   161

President of the non-profit organization NEM Foundation Lon Wong and vice-president Jeff McDonald left their posts. Christophe Van de Reck was appointed interim president, the official statement said.

At the same time, Wong and McDonald will continue to work with the organization as advisers. During the closed beta testing of the Catapult engine, they will focus on working with business partners, the NEM Foundation notes.

Our Foundation has been blessed with a group of able leaders and enthusiastic fulltime employees that stand ready to take the world by storm. We have built momentum and I am happy with the way things are moving. So, after careful consideration, I have decided that it is time for me to step aside as the President of Foundation and concentrate my energy to build ProximaX and continue to grow the NEM ecosystem.

Lon Wong

Ex-president, NEM

The former vice-president of NEM Foundation also told about his plans for the future.

I plan to expand my work with LuxTag and Kchain, improve the Voting protocol and Apostille protocol as Catapult furthers in development. I’m also working on other ideas for additional protocols in addition to these that Catapult will enable. For me, these are exciting things that I want to work on and so I’m making that happen starting today.

Jeff McDonald

Ex-vice-president, NEM

Late March, the NEM Foundation, developers of the PEM platform NEM and the company Tech Bureau announced the launch of closed beta testing of the block-engine Catapult, also known as Mijin v.2. Partners, customers and individual community-developers can take part in it.

Asian Cryptotrading: Top Altcoin is Stellar Lumens (XLM)

During the morning’s Asian trading session Stellar Lumens has become leading-the-way altcoin at present
18 April 2018   120

It has begun the market correction. Morning’s Asian trading session is led once again by Bitcoin which has lost 1% on the day dropping back under $8,000 once again. This fact has trailed most of the altcoins down with it, albeit marginally. One seem to be doing much better than the rest this morning and leading the way at the moment is Stellar Lumens.

According to Coinmarketcap`s report, an 11% gains for XLM during the morning’s trading in Asia. Other altcoins are mostly marginally up or down but very few are showing double numeric gains. Stellar is currently trading at $0.31 up from $0.28 this time yesterday, over the week it has gained 55% from $0.20 the same time last Wednesday. The monthly illustration is even more colorful with Stellar rising over 85% from its low of $0.167 on March 18. In a difference from Bitcoin, XLM is up 12% on the day to 3920 satoshis from 3500 sats this time yesterday. During the past week Stellar has earned 34% against BTC from 2925 satoshis the same time last week.

Stellar charts
Stellar Lumens charts

Momentum has been largely operated by general positive market mood for all cryptocurrencies over the past week as well. Those that had the substantial losses such as Lumens and Cardano seem to have rebounded faster as traders and investors shared up on them at low prices. Many build problems and hackathons announced on their Twitter have kept the community busy and recently the altcoin was listed on Coindirect and Buybit. 

This morning the most of trade in Asia has been on Binance which commands 30% of the total volume. South Korean’s have been involved in it also as Upbit and Gopax are second and third with trade in KRW. General XLM volume has grown over the past 24 hours by over 60% to $121 million. Stellar has continued to be steady in the top ten for some time now and is currently 8th position with a market cap of $5.7 billion. 

Total crypto market cap has kept stable over the past day and at present sits at about  $326 billion. Other Asian trading`s solid altcoins include Nem, Bytecoin and Steem.

Stellar Lumens price at the moment of press: $0,318381
24h volume: $116 864 000
Market cap: $5 911 936 081