Author: dfmines

Technical analysis points toward early bottoming signs in BTC and altcoins, but analysts forecast another sharp downside move.

I have read it far too often. Someone who was unable to send their money to an exchange. Someone who had their bank account frozen due to “suspicious” behavior, while they just wanted to partake in the crypto ecosystem. So much so called “worry” from institutions that have proven to not be particularly interested in…
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The education initiative aims to help 1,600 school children in LeBron James’ hometown. But not every Crypto.com user seems to be happy about the partnership.

I am creating a website that is built just for people wanting to learn about crypto currency. I want it to be a all in one stop for someone to find out if crypto is right for them. I am asking the community for help on topics and questions people might have that I can…
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Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit on Qubit Finance’s bridge and Certik says the hack […]

Traditional and digital asset markets alike have been rattled in recent weeks with steep downturns. But for Next Earth, this is a time of fast-paced growth. Next Earth’s NXTT token’s presale commenced on January 22 on Next Earth’s proprietary Launchpad platform, which provided a ticket-based system that the Next Earth community preferred for the token presale, in addition to the flexibility that enabled the most efficient and equitable distribution of tokens for the economy in the long-term. DEX trading started on January 27. In total, 3,100 users participated in the presale, raising $2.1 million. More than 400,000 non-fungible tokens (NFTs) have been minted, which will be used to reward users for creating content and engaging with the platform. Next Earth is the Earth’s original digital replica, which recently announced that its NXTT native token which is trading on Uniswap. After the initial trading on Uniswap, the plan is to list NXTT on multiple decentralized and centralized exchanges in the near future. Creating a more sustainable economy The crypto crash has actually been great for Next Earth. It’s shown that there is a real need for a platform like Next Earth that provides a more equitable and sustainable economy. 10% of the value of Next Earth transactions are donated to environmental initiatives such as The Ocean Cleanup, Kiss the Ground, SEE Turtles, and Amazon Watch. Next Earth has a strong focus on sustainability, and it’s one of the things that makes our platform so unique. We’re excited to see how the community grows and evolves, as they’re committed to doing everything they can to make sure that it’s a positive force for good. Beyond donating proceeds, Next Earth aims to ultimately evolve into a DAO-controlled, self-sustaining economy that gives back more than it takes. A DAO, or Decentralized Autonomous Organization, is an organization that is controlled by smart contracts on the blockchain, rather than by people. Amidst a crypto crash, the metaverse stays strong As every crypto trader knows all too well, the price of bitcoin and other cryptocurrencies have plummeted, with some dropping by more than 50 percent. But while some investors are cashing out, others are looking to the metaverse for stability. The metaverse is a digital world that exists online and is populated by avatars representing real people. It is often compared to virtual reality, but the two are actually quite different. VR is a closed system that can be experienced only through a headset, while the metaverse is open to anyone with an internet connection. The metaverse has been around for over a decade, but it has only recently begun to gain mainstream attention. This is largely due to the arrival of blockchain technology, which has made it possible to create decentralized virtual worlds. Despite the crypto crash, Next Earth is still seeing strong growth, indicating that the metaverse offers more than just token prices. In a world where prices can swing wildly from one day to the next, the metaverse provides a safe and secure space where people can come together. So while some investors are cashing out, others are looking to the metaverse.   Photo credit: Tiny Wasteland

It somewhat boggles my mind that the Ethereum community is promoting a chat app that's not even encrypted. Why aren't people using and promoting Status, and why haven't any developers pushed for the SHH protocol being added to the Ethereum nodes? A few years ago it seemed like a smart project to add secure encrypted…
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Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get past and challenge Ethereum’s performance restrictions. The strategic round of funding was led by Republic Capital and also saw participation from blockchain-centric VCs including Avalanche Labs, Bitcoin.com, Skynet EGLD Capital, Celer, Ascensive Assets, Haskey, Morningstar Ventures, Kane & Rao among others. With this round of strategic funding, Swing has achieved a valuation of USD 60 Million, making it one of the most sought-after projects in the DeFi space. With this successful fundraiser, Swing aims to fastrack its plans to launch APIs to aggregate major liquidity sources and bridges with the aim of enabling cross-chain liquidity and progress closer to its vision of decentralized liquidity across the DeFi multi-chain ecosystem. The funding will be utilized to propel Swing’s development and expansion of teams. The Future of DeFi: A Big Stride Towards Cross-Chain Infrastructure For The Internet The total value locked (TVL) in the DeFi space, a measure of the number of assets staked in a specific protocol, quadrupled in 2021 alone bringing its TVL to USD 201.55 Billion in 2022. The DeFi space has witnessed a boom of decentralized exchanges (DEXs) and protocols, the issue of sporadic liquidity is ever persistent. Further, DEX Aggregators find themselves restrained to connecting liquidity pools on the Ethereum chain thereby, limiting possibilities of multi-chain liquidity aggregation. While Ethereum is one of the most prominent chains for building protocols, it is no revelation that its network congestion and stark lack of scalability have resulted in high latency and soaring gas fees. It is vividly clear that blockchain interoperability is the need of the hour to resolve the issue of liquidity fragmentation on DEXs. This is why Swing is building an efficient cross-chain infrastructure for the internet which will compose and aggregate liquidity across blockchains and thereby, move assets across multiple ecosystems with minimum slippage. This is said to become an indispensable part of the DeFi ecosystem. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. With these features and offerings, Swing aims to be the Stripe for cross-chain transactions. Much like how Stripe enables websites and apps to take payments over their websites, Swing will simplify cross-chain swaps and transfers for developers and businesses with its much-awaited API product. By enabling cross-chain transactions, the project aims to bring in a new era of decentralized trading. By offering a cross-chain asset exchange and decentralized liquidity protocol that uses Layer 2 chains and major EVM networks, DeFi traders, investors & developers can use Swing to move crypto capital efficiently across blockchains. AMM dexes, yield farms, lending/borrowing and staking protocols will greatly benefit from Swing’s cross-chain bridging solution. Swing navigates across top protocols and exchanges on Layer 1 and 2 chains with its cross-chain bridges and intelligent algorithms to beat and match market swap prices. Swing is currently compatible with Ethereum, Polygon, Binance Smart Chain, Harmony, Avalanche, xDai, Moonriver, and Phantom and is said to expand to Solana, Harmony, Polkadot, Cardano, Optimism, and Near soon. Concluding Thoughts The coexistence and interoperability of multiple blockchains is a necessity for the continued growth and survival of the DeFi industry. In this light, the search for an efficient and simple cross-chain trading and liquidity aggregator is more important than ever. This is where Swing’s offering to go the last mile for crypto liquidity has become a critical part of the whole crypto infrastructure. Swing will be a one-of-a-kind gamechanger to empower developers, investors, and users all over the world to move crypto assets effortlessly using blockchain smart contracts, relayers, and cross-chain bridges. The future is multi-chain! Think multichain, Think Swing!  

Ethereum accumulation patterns have pointed towards bullish trends. Whales, as well as small investors, have started to fill up their bags with the altcoin after the crash that brought it down to the $2,100 level. This time around, it is smallholders going on an accumulation spree as the number of wallets holding at least 1 ETH, not their balance touches a new high. New Milestone For Ethereum The latest milestone for the digital asset has come after a disappointing week in the market. As the number of active investors in the crypto space continues to rise, so has the number of investors who are increasing their holdings over time. Related Reading | Which Cryptocurrencies Suffered The Worse Collapse Since All-Time Highs? Previously, the number of Ethereum addresses holding at least 1 ETH had reached a new all-time high of 1,407,198. This had happened in the third week of January. Now, barely a week after that, Ethereum has hit a new milestone with this metric. On-chain analysis firm Glassnode reported on Wednesday that the network had beaten its previous record. The new number now sits at 1,407,532 active addresses with at least 1 ETH on their balance. 📈 #Ethereum $ETH Number of Addresses Holding 1+ Coins just reached an ATH of 1,407,532 Previous ATH of 1,407,198 was observed on 21 January 2022 View metric:https://t.co/IuKpD48IXd pic.twitter.com/QNH3rpxYHq — glassnode alerts (@glassnodealerts) January 26, 2022 Glassnode also reported that the number of ETH addresses that are in loss has hit a new 19-month high. There are now a total of 22,673,372 ETH addresses that have invested in the digital asset that has recorded a loss. Bull Rally Incoming? Market sentiment is still in the negative, so getting back on a bull rally may be a little far-fetched right now. However, this will not be the first time that the crypto market would have jumped right into another bull rally when sentiment was low. Investors may be wary of putting money into digital assets like Ethereum but that does not mean that they are not putting any money into the market. Related Reading | Ethereum Whales Quietly Filled Up On ETH While Broader Market Panicked Ethereum whales have also been very active during this downtrend, filling up their bags with the ETH being dumped on the market. Addresses holding more than 10,000 ETH on their balances had collectively purchased about $500 million worth of ETH following the crash. It may not trigger a reversal but it’s enough to act as a stop-gap while the market figures itself out. ETH trending at $2,400 | Source: ETHUSD on TradingView.com On the price side of things, Ethereum has since recovered from its $2,100 low. It trended towards $2,700 but lost out at the $2,750 resistance point. Since then, ETH has been consistently trading in the $2,400 territory. With low momentum expected during the weekend, the digital asset will likely continue to follow this trend until Monday. ETH is currently trading at $2,420 at the time of this writing, down 3.12% in the last 24 hours. Featured image from Blockchain News, chart from TradingView.com

Let’s exemplify a YouTuber who has/sold $20 million in crypto and stocks, buying back in at times, saving 2million here, loosing .2m there. Why? Fricken why? If you have even one million dollars – put it into stable coins and make double percentage APY – that’s $100,000 a year – passive – without loosing initial…
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