###### Stellar one of the popular project form Blockchain space is in news again.
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*Stellar first launched its Lumens currency in 2014. The company was founded by Ripple co-founder Jed McCaleb. Today, XLM has grown to become a top 10 cryptocurrency by market cap. As of today, it sits in the number 7 position with a market cap of over $4.3 billion. The cryptocurrency made headlines this past week after being approved by New York financial regulators for trading on the itBit exchange.*

https://www.youtube.com/watch?v=YCd-Kn6RpO0

**Stellar, the creator of the lumens (XLM) — often stylized as stellar — cryptocurrency, is said to be engaged in talks to acquire blockchain startup Chain. The price of the acquisition is expected to be $500 million in Stellar’s digital currency, Stellar Lumens (XLM).**

> It’s not clear what Stellar’s plans are for the San Francisco-based Chain, which develops enterprise blockchain solutions including Sequence, a ledger-as-a-service product that allows organizations to transfer balances in token format on private ledgers.

According to Fortune, Stellar’s interest in Chain is largely based on the fact that the firm has talented blockchain developers, which are in high demand but short supply. Such “acqui-hires” have become increasingly common in the ecosystem, particularly among cash-rich firms like Coinbase.

**Stellar’s adoption has grown across the industry – including by both crypto companies and companies outside the space. Stellar has received funding from Stripe, for example, and they’ve used that funding to form partnerships with messaging startups like Kik and tech giants like IBM. IBM is using Lumens to send payments between countries in the South Pacific.**

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