• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
bitcoin
Advertisement

Going Alt the Way

Bitcoinist by Bitcoinist
4 years ago
in Mati Greenspan, News, News teaser, Sponsored Article
0
Advertisement

They promised a splash and they delivered. The partnership between IBM and Stellar has taken their first step into the world of international bank settlements by onboarding six international banks as their first clients. 


These banks will now have instant access to send payments across the stellar blockchain, either by using a stable coin or when appropriate using Lumens $XLM tokens, at a fraction the cost and exponentially faster than when using the current industry standard SWIFT system.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

Lumens tokens rose more than 11% on the news before paring back this morning. In my mind though, this news is almost as big for $IBM as it is for $XLM. The computing giant taking its first significant steps into the massive market that is global settlements is indeed noteworthy.

Noteworthy, but perhaps not surprising given IBM is the top blockchain patent holder in the United States.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The apparent success of the partnership with Stellar and XLM is perhaps a promising omen for IBM’s future in the space.

IBM’s shares did rise slightly yesterday and are now testing their highest level of the year. Of course, what many of our clients will want to know is, how does this affect Ripple?

Well, on the face of it, this would seem like good news. Ripple Labs is far ahead of Stellar in the number of banking partnerships they have and though having a competitor that’s teamed up with IBM may seem scary, in this nascent industry having healthy competition is probably a good thing.

@MatiGreenspan
eToro, Senior Market Analyst

Today’s Highlights

Banking Behemoth

Getting Faced

Alt Season Continues

Please note: All data, figures & graphs are valid as of March 19th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

European financial media can’t seem to get enough of the upcoming shakeup in the banking make-up. It seems that the two largest German banks are about to get hitched, with the authorities set to flag it through.

In an email from Bloomberg this morning, writer John Authers rips into a recent research paper that was published by Deutsche Bank, which is one of the parties involved in the impending merger.

As Authers writes, this kind of action would take the concept of too big to fail to an entirely new level that he calls “too big to rescue.”

It would be good for the bankers, other than those who will lose their jobs of course, and would be bad for savers, who currently enjoy the competition. In short, the proposed merger could load some serious risks into the German banking system.

Stocks are up today and the German DAX index is leading the way higher…

Faced

Facebook shares aren’t doing too well at the moment. As the NYT put it…

Following the above article that was posted last Thursday, analysts have begun downgrading FB, and it’s now down 26.6% from its all-time high.

Alt the Way Baby!

While green can be seen across the crypto market today, it is still important to remember that we’re not in a bull market just yet.

Though prices are somewhat off the floor and green days are becoming more common, we still haven’t seen the telltale signs of a bull market just yet.

One of those signs is bitcoin’s 200-Day moving average, which is something we’ve been talking about here for a few months now. Fundstrat’s Tom Lee has now also placed a high importance on this indicator.

In this interview with CoinTelegraph yesterday, I explain what this is all about and why it’s important. Check it out now at this link.

Yesterday’s Altseason winner was Stellar Lumens, very likely connected with the announcement above, followed closely by Bitcoin Cash and Litecoin.

As always, many thanks to all of my readers out there. Very glad to get your daily feedbacks, questions, and insights. Keep up the good work!

Best regards,
Mati Greenspan
Senior Market Analyst


eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority. eToro (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission.

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared to utilize publicly-available information.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Best Bitcoin Casinos: Top New Crypto Casinos In 2023

Best Bitcoin Casinos: Top New Crypto Casinos In 2023

2 days ago
10 Best Crypto Casino Sites For Playing Bitcoin Games In 2023

10 Best Crypto Casino Sites For Playing Bitcoin Games In 2023

2 days ago
Best Online Casinos For Real Money: Top Casino Sites 2023

Best Online Casinos For Real Money: Top Casino Sites 2023

2 days ago
Best Bitcoin Casinos & Crypto Gambling Sites 2023

Best Bitcoin Casinos & Crypto Gambling Sites 2023

3 days ago
Korean Financial Services Commission Chair Announces Security Tokens

Korean Financial Services Commission Chair Announces Security Tokens

1 week ago
DCG

Tron Founder Justin Sun Ready To Invest $1 Billion On DCG Assets

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Is Aptos (APT), Solana (SOL), or Snowfall Protocol (SNW)...

    9 hours ago
  • Hector Network launches its NFT marketplace on Fantom...

    9 hours ago
  • Fantom (FTM) launches ecosystem vault to finance dApp...

    9 hours ago
  • Esports Driving the Advancement of Cryptocurrency in Sports...

    23 hours ago
  • Connecting the dots on $PAW. Is Ryoshi back?

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.