EOS and Stellar (XLM) Progress

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Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price.

EOS

The first EOS Global Hackathon took place in Hong Kong back in mid-June. There was a total of 80 teams that participated in the event from around the world, and $144,000 USD was awarded.

The second EOS Hackathon took place in Sydney, Australia over this weekend.

Block.one just announced that over 200 contestants participated in the second Hackathon and they also had more than 50 teams compete. The event had 26 consecutive hours of programming, and the theme of the event was ‘Hack the Outback.’

The top three prize winners from both the first and second event will compete in the Grand Finale Pitch Competition that Block.one will hold in December.

At press time, EOS is currently trading at $6.46 a coin, down -5.34%. It seems that the results of the second event to build dApps on the EOS network didn’t boost the price of the cryptocurrency.

The next EOS Global Hackathon will take place on September 22nd in London.

>> First Global Hackathon Results

Stellar (XLM)

The hasn’t been any big breaking news on the Stellar project lately. Yesterday, however, the Stellar team broadcasted their monthly roundup.

The Stellar team is currently accepting submissions for its 7th Stellar Build Challenge. Another thing the team announced is that the Shariyah Review Bureau (SRB) reviewed the Stellar network and has promulgated guidelines that enable Sharia-compliant applications of Stellar tech to reach Islamic financial institutions.

There were many other smaller announcements on the July monthly roundup, and you can read them here.

At press time, XLM is currently trading at $0.230 a coin, down -1.54%.

>> Crypto Daily News: Barclays Denies Cryptocurrency Projects and Ethereum Classic (ETC) Launching on Coinbase Pro

Featured image: Free-Photos via Pixabay

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