CryptoCurrency Business

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Stellar Lumens Leads Market Recovery

Stellar Lumens led the cryptocurrency price recovery on Thursday after a privacy-based ICO by the name of MobileCoin raised $30 million using the Stellar Consensus Protocol. The announcement drew greater foot traffic to XLM despite a broad pullback in the market mid-week.

XLM/USD Price Levels
The value of Stellar Lumens (XLM/USD) is up nearly 17% at the time of writing to trade at $0.404. The cryptocurrency is trading just a fraction of a cent below its most recent two-month high set on Tuesday.

Lumens, which normally trades against other major cryptocurrencies, was last valued at 0.000044 BTC (+4.8%) and 0.000618 ETH (+4.8%).

Daily trading volumes amounted to $187 million, according to data provided by CoinMarketCap. Binance is the largest market for XLM, with roughly one-quarter of total transactions processed through the exchange. Poloniex and Upbit each represent roughly one-fifth of the XLM market.

Stellar led a strong market recovery on Friday, with every coin in the top-25 recording gains. At the time of writing, the cryptocurrency market was valued at $415.5 billion with total transaction volumes worth $27.4 billion.

Bank Frick allows direct investments in leading cryptocurrencies

Bank Frick is the first financial institution in Liechtenstein to offer the trading of five leading cryptocurrencies and secure safekeeping via offline storage. Trading takes place within the fully regulated framework of the Bank’s processes. The offering is aimed at professional market participants and financial intermediaries.

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Bank Frick allows direct investments in leading cryptocurrencies Balzers (LI) – Starting today, professional market participants and financial intermediaries are able to invest in the five leading cryptocurrencies Bitcoin (BTC), Bitcoin Cash (B*H), Litecoin (LTC), Ripple (XRP) and Ether (ETH) at Bank Frick. The cryptocurrencies can be bought using euros, US dol...