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The Stellar Development Foundation and Certora are working together to make Soroban’s smart contracts more secure. Certora’s advanced tools will regularly check and improve the smart contracts, ensuring they remain strong and safe.
In a recent announcement, the Stellar Development Foundation and Certora have partnered to boost security on the Stellar smart contract platform called Soroban. This collaboration will use advanced methods to make smart contracts more secure, addressing key challenges in their development and use. Stellar’s tweet highlighted the importance of this step in strengthening blockchain security for the digital age.
In the highly competitive world of smart contracts, security is absolutely crucial. These self-executing contracts manage significant financial assets and are open for anyone to inspect, making it vital to prevent vulnerabilities. Smart contracts, once deployed, are hard to change due to the strict rules of blockchains. Certora, well-known for its advanced verification tool, helps developers thoroughly check their code to minimize these vulnerabilities, providing greater peace of mind.
Certora’s Unique Method
Mooly Sagiv, the CEO of Certora, stressed the importance of being proactive during the development process. He learned from DeFi (Decentralized Finance) that delays in using tools and audits often lead to identifying problems only after they’ve been exploited. He said, “Certora’s tools can help developers create specifications before finishing the code to ensure safe and reliable applications. We’re excited to be a part of the Soroban ecosystem.”
Certora’s software, which is the result of two decades of academic research, uses a special method called Formal Verification. This method is like a thorough grammar check that carefully examines the code to make sure it does what it’s supposed to do, catching any potential mistakes. This rigorous checking helps prevent major errors, like the well-known Vyper compiler bug. Additionally, Certora has a strong track record of fixing more than 100 significant security issues in popular DeFi protocols, making their tools a valuable defense for developers.
Empowering Soroban’s Smart Contracts with Certora’s Assistance
Soroban, which uses a special format called WASM designed for blockchains, provides a versatile environment for developers. It supports many programming languages and tools, making it easy to create applications on the Stellar network. When you add Certora’s security checks into the mix, Soroban becomes an excellent choice for developers, enhancing trust in the platform.
This partnership also gives over 100 existing projects on Soroban access to Certora’s advanced verification tools. Together with Soroban’s built-in testing and security features, this creates a strong and secure DeFi (Decentralized Finance) ecosystem right from the start.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #Stellar #XLM

XLM has been in an upward trend for the past 15 days and has gained more than 50% in value.

Daily closes above the $0.10877 resistance indicate a target of $0.1143 for XLM.

There are large buy orders at the support range of $0.09663 – $0.09154 for XLM.

According to the daily technical chart of XLM, it can be seen that it has experienced a rapid upward movement in the past 15 days and is currently trading at $0.1073. According to the analysis, if XLM surpasses the $0.10877 resistance, it has further upward potential, but the importance of support levels should not be forgotten.

XLM Experienced an Increase to the Target of $0.1168!

XLM Price Chart

In our XLM analysis shared on June 27, we mentioned that if it closes daily above the $0.1012 level, it could rise to the $0.1168 level for Coinotag readers.

XLM, with daily closes above the $0.1012 level on June 29, achieved its upward movement to the $0.1168 level and provided our readers with a return of over 15%.

Medium-Term XLM Analysis

Daily XLM/USD Price Chart

When the daily technical chart of XLM is examined, it can be observed that it has been in an upward trend for the past 15 days and has gained more than 50% in value. Currently, the XLM price is trading at $0.1073.

If the XLM price achieves daily closes above the specified $0.10877 level, it can target the $0.1143 resistance. If XLM can surpass the $0.1143 level, the next target could be the $0.125 level.

However, if the XLM price fails to close above the $0.1143 level, it could retrace towards the range of $0.09663 – $0.09154 using the downward movement as a starting point. This range includes significant support and resistance levels.

XLM whales are waiting for the opportunity to buy in the support range of $0.09663 – $0.09154. There are large buy orders in this range. If XLM can reverse in the range of $0.09663 – $0.09154, it can extend its upward movement to the $0.15 level.

In order for XLM to experience a drop to the support range of $0.09663 – $0.09154, it needs to continue its daily closes below the $0.1143 level. However, if XLM closes above the $0.1143 level, the target will be the $0.125 level. $XLM #Stellar #XLM

Just like Bitcoin, #Stellar Lumens (XLM) is currently below $0.0820 against the US Dollar. Further losses could be expected if it continues to trade below the key support level at $0.0778.

Following a significant drop below $0.082, XLM entered a bearish territory against the US Dollar. Consequently, the XLM/USD pair fell below the $0.0800 level.

Additionally, there was a notable drop below the crucial support zone at $0.0765. The price experienced a dip and established a low close to $0.0752, following which an upward correction commenced. It managed to surpass the resistance levels at $0.0765 and $0.0778.

Furthermore, the price climbed above the 23.6% Fibonacci retracement level of the previous downward move, stretching from the swing high at $0.0862 to the low at $0.0752.

At present, #XLM is encountering a barrier around the $0.0810 level, which coincides with the 50% Fibonacci retracement level of the previous decline from the swing high at $0.0862 to the low at $0.0752.

Additionally, a significant bearish trend line is taking shape on the 4-hour chart, indicating resistance near $0.0812. XLM is currently trading below both the $0.0800 level and the 50-hourly simple moving average.

On the positive side, there is notable resistance ahead around the $0.0810 level, as well as the aforementioned trend line. If there is a decisive breakthrough above the $0.0810 zone, it could potentially propel the price towards the $0.0850 mark. Further gains beyond that level might even drive the price towards the $0.0900 level.

If XLM fails to overcome the resistance at $0.0810, its initial support on the downside can be found near the $0.0780 level. Subsequently, the next significant support level lies around the $0.0750 zone. If further losses occur, it could potentially push the price towards the $0.0730 level in the near term. Moreover, a break below this level might prompt a retest of $0.0720.

Price Analysis estimates that the market capitalization of this XLM is $2,147,061,436. The 24-hour trading volume of the coin is around $32,807,094.

KEY LEVELS :

RESISTANCE LEVEL : $0.0830-$0.0870

SUPPORT LEVEL : $0.0770-$0.0740

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #BinanceTournament #crypto2023

#Stellar Lumens (XLM) has sustained a persistent downward price movement for over a week, indicating an ongoing trend of declining prices.

Stellar Lumens (XLM) is currently experiencing a trading price below $0.0950 when compared to the US Dollar. This situation is comparable to Bitcoin's recent performance. There is a possibility that XLM price may continue to decline if it remains below the $0.0950 mark.

After closing below $0.100, the price of Stellar Lumens entered a bearish phase against the US Dollar. Moreover, the XLM/USD pair fell below the crucial support zone at $0.095, indicating that the bears have gained control of the market.

Stellar Lumens (XLM) price witnessed a significant drop below the $0.090 level, reaching a low point around $0.0896. Currently, the price is in a consolidation phase, attempting to recover from its losses. However, it is important to note that XLM is still trading below both the $0.0920 level and the 50-hourly simple moving average, indicating a bearish trend.

On the 4-hour chart, a prominent bearish trend line is taking shape, with resistance forming near $0.0930. These technical indicators suggest that the XLM price is facing strong selling pressure and may struggle to overcome the resistance level in the near term.

#XLM is encountering a significant resistance level near $0.0915. Further ahead, a notable resistance zone can be observed around $0.0930, which coincides with both the trend line and the 100-hourly simple moving average. The initial major resistance lies at the $0.0950 level. If there is a clear breakthrough above this level, it could potentially propel the price towards $0.0980. Subsequent gains might push the price towards the $0.1020 level, and even potentially reach $0.1050.

If XLM fails to surpass the $0.0930 level, the initial support on the downside can be found near $0.0890. A more significant support zone is situated around the $0.0880 area. If the price experiences further declines, it could potentially reach the $0.0850 level in the near term. In the event that this level is breached, the price may even revisit the $0.0820 mark. 

KEY LEVELS :

RESISTANCE LEVEL : $0.0920-$0.0950

SUPPORT LEVEL : $0.0880-$0.0860

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #crypto2023 #dyor

XLM is currently trading above $0.10 against the US Dollar.In order for #XLM price to continue rising, it needs to maintain support above the $0.120 level. Following a period of stability above $0.075, Stellar Lumens experienced a new upward trend against the US Dollar. The XLM/USD pair successfully surpassed the resistance zone at $0.088 and entered a positive zone.

#Stellar Lumens price not only surpassed the $0.100 resistance but also exceeded the 200-hourly simple moving average on the 4-hour chart. The upward momentum was strong, leading to a price spike up to $0.1180 before encountering bearish pressure. The price reached a peak around $0.1181 and is currently in a phase of consolidation, holding on to its gains.

XLM is encountering resistance around the $0.113 area. Further ahead, a significant resistance zone is situated near $0.118. If the price manages to break above this level decisively, it could pave the way for a potential upward movement towards the $0.120 mark. Subsequent gains may even push the price towards the $0.125 level, or possibly even $0.132, in the upcoming sessions.

If XLM is unable to surpass the $0.114 level, the initial support lies around $0.100, which coincides with the trend line. The subsequent significant support can be found near the $0.0965 level or the 50% Fibonacci retracement level, calculated from the upward move between the swing low of $0.0752 and the high of $0.1181. The main support zone is situated around $0.092. Further downward movement could potentially drive the price towards the $0.085 level in the near future.

Price Analysis estimates that the market capitalization of this XLM is $2,889,301,125. The 24-hour trading volume of the coin is around $61,094,237.

KEY LEVELS :

RESISTANCE LEVEL : $0.1100-$0.1140

SUPPORT LEVEL : $0.1020-$0.0980

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#BinanceTournament #coingabbar #crypto2023

The current trading situation shows #Stellar Lumens priced above $0.150 in comparison to the US Dollar, exhibiting a similar trend to Bitcoin. For a potential uptrend to take place, XLM's price must successfully clear the $0.170 mark.

Following a period of steady growth, the Stellar Lumens price experienced a corrective downturn below the $0.180 level against the US Dollar. This correction caused the XLM/USD pair to slip beneath the $0.165 support, eventually testing the $0.140 zone.

Following a bottom formation near $0.1402, Stellar Lumens (XLM) is currently in the midst of a recovery wave. Notably, it successfully broke above the $0.145 resistance zone on the 4-hour chart. 

Moreover, a significant bearish trend line, previously capping gains around $0.145, was breached as well. The price further surged above the 50% Fibonacci retracement level of the downward move, which extended from the $0.1809 swing high to the $0.1402 low.

As of now, XLM is trading above both $0.155 and the 200 hourly simple moving average, signaling a positive momentum and potential for further gains in the short term.

XLM is encountering resistance around the $0.165 area. The next significant hurdle lies at approximately $0.180. A decisive breakthrough above this level has the potential to propel the price towards the $0.192 mark. Subsequent further gains could push the price higher, targeting levels around $0.200, or even extending to $0.2150.

If XLM fails to surpass the $0.1650 mark, the first support on the downside emerges around the $0.1500 level. The primary support is situated near the $0.1400 zone. Further downward movement could potentially drive the price towards the $0.1250 level in the near future. If this level is breached, there is a possibility of the price retesting the $0.1120 support level.

According to CoinGabbar Price Analysis estimates that the market capitalization of this #XLM is $4,230,087,671. The 24-hour trading volume of the coin is around $116,767,816.

KEY LEVELS :

RESISTANCE LEVEL : $0.1650-$0.1800

SUPPORT LEVEL : $0.1500-$0.1400

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#coingabbar #Binanceturns6 #GOATMoments $XLM

#USDC has integrated with Coinbase on Stellar Development Foundation, a non-profit for open-source development.

The move is meant to reduce costs while delivering increased throughput or speed.

It bolsters revival ambitions for USD Coin after German software giant SAP trialed the stablecoin.

USDC, short for USD Coin and touted as the Circle-issued stablecoin, has integrated with Coinbase on the #Stellar Development Foundation, a not-for-profit committed to focusing on open-source development. The move comes on the same day German software giant SAP trailed USD Coin. This popularity could play in favor of the USDC ecosystem’s resolve to revive the stablecoin.

USDC integrates with Coinbase on SDF organization

USDC stablecoin has integrated with Coinbase exchange for the SDF NGO, with the announcement indicating capability for USD Coin withdrawals and deposits through the Stellar network.  

Other value-additions due to the integration include speedy and more affordable transactions, with the announcement citing “near zero” transaction costs and the capability to complete transactions in a record five seconds.

The integration is also set to deliver a commendable on/off ramp for USD Coin to complement Stellar’s wallets, exchanges, and businesses in the financial technology space.

With this feature, Coinbase exchange anticipates a more simplistic but effective means for storing and transferring funds.

USDC had a tumultuous USDC six months, as reported, initiated when it lost dominance of the stablecoin space amid increasing regulatory clampdown and the banking crisis earlier in the year. The Coinbase integration is a grand gesture considering it is one of the largest exchange platforms globally and the biggest in the United States.

Barely 24 hours ago, the stablecoin also secured German support when the country’s software giant SAP declared its intention to use USDC as the choice token for testing its cross-border payments. If successful and therefore fully integrated into SAP’s systems, the stablecoin would attract new users while largely increasing its circulation within the cryptocurrency market. 

After losing its dominance in the market when it depegged and the subsequent collapse of Silicon Valley Bank, the USDC stablecoin recorded a stark decline in circulation in March 2023.

However, SAP choosing to use the stablecoin to transact with other countries and solve the challenges faced by businesses when sending money beyond their borders, coupled with Coinbase and Stellar Foundation's integration, USD Coin appears to be taking center stage again, which could bode well for its attempt to redeem itself in the stablecoin market.