Recent Developments in the Cryptocurrency Industry

Readers who want to keep track of the latest developments in cryptocurrency and blockchain technologies have come to the right place. Filthy Lucre offers tons of information on the latest trends and industry developments. Read on to find out about just a few of them.

The Stellar Network

The Stellar network is an open source blockchain based network designed to facilitate instant monetary transfers. This extremely low-cost solution is perfect for those who are operating largely outside of the structure of traditional banking, allowing businesses and individuals to send and receive currency instantly in any part of the world. Given that its transactions occur within just two to five seconds, it's safe to say that this network offers nearly instantaneous results.

The platform is based on blockchain technologies that make it possible to keep track of all transactions occurring on the network. Unlike Bitcoin and other earlier cryptocurrency trading platforms, Stellar does not require excessive validation times. All that's required is that both parties involved have Stellar accounts.

Given that the company has already partnered with IBM, it's safe to say that it has a bright future as a cross-border payment platform. The partnership has already led to the development of a new token referred to as Stronghold USD. These tokens are currently popular among hedge funds, multinational corporations, and financial institutions, but it will likely be released for retail use in the near future.

The New Coinbase PAC

In other cryptocurrency news, the exchange platform Coinbase recently became the first to form a Political Action Committee or PAC. One of the main purposes of this PAC is to lobby to ensure that the SEC doesn't wind up classifying cryptocurrencies as securities, which could completely change the future of decentralized currencies. It has been used to access influential politicians in order to establish a dialogue regarding appropriate policy and to debunk the still extant myths regarding the supposedly suspicious nature of cryptocurrencies.

Learn More Today

Interested in finding out about developments in the cryptocurrency industry as they happen? Check out Filthy Lucre online today for more news, articles, and information about the current and future trajectory of cryptocurrencies today.