Stellar Lumens goes down

Despite its recent optimistic developmet, Stellar Lumens fell 20% down during last week
31 October 2017   3216

Stellar Lumens tracked back by around 20% in the past 7 days reaching the price of $0,03 and market capitalisation of $488 million in comparison with $711 million marketcap on October 24.

Stellar Lumens Charts October 2017
Stellar Lumens Charts

Only two weeks ago the cryptocurrency saw 110% price jump which was linked to cooperation of IBM, and a number of banking partners announced on October 16. The cooperation aimed at cross border payments possible on the blockchain.

Within two weeks after the announcement it seems like the market euphoria in response to the news is calming, and the price of Lumens is going down.

Its price is expected to keep decreasing until the new Bitcoin fork Segwit2x which will be implemented in November 2017.

The coin price is currently remaining at the point of $0.029, which is far from the highest price it had in May 2017 costing $0.06, and it’s hard to predict if it will rise back or not in the nearest future.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.