First, like others mentioned, they are way off in the effect size, for this kind of time dilation you need 80% the speed of light, not 8%.
Second, when looking at time dilation caused by velocity, it is always necessary to say who observes what since observers that move relative to each other won't agree on which clock runs at what speed. If the star moved at 80% of the speed of light, someone on that star would say "When a 100 minutes pass here, only 60 minutes pass on Earth" while an observer on Earth would say "When 100 minutes pass here, only 60 minutes pass on that star". So both observers would say that the other's clock is running slower than their own.
This answers a part of your last question - time dilation always makes clocks appear to tick slower than your clock if they move relative to you.
There are other effects that can make things appear "sped up", there's all kind of odd things happening when you go to high relativistic speeds ...