Author: dfmines

Hello there, with gas fees being so high I want to experiment further with using ethereum based swaps instead of relying on exchanges, so some recommendations on where I could accomplish what I said in the title would be greatly appreciated 🙂 submitted by /u/TheMuffinistMan [link] [comments]

The crypto industry is experiencing a massive upswing. With assets like Bitcoin and Ethereum hitting new all-time highs, and other cryptos following in their wake, it seems like a matter of time before mass adoption is imminent. However, the industry needs some technological improvements before it can be broadly accepted by the rest of the world. Namely, it needs cross-chain capabilities. The Cross-Chain Problem With so many crypto projects launching on Ethereum, Binance Smart Chain, Avalanche, Solana, and other decentralized networks, users will want to experiment and interact across the different chains. However, cross-chain activity in the current industry is quite cumbersome, expensive, and technologically challenging. As of now, swapping an asset from one chain to another is costly, time-consuming, and a bit of an overwhelming process for those new to crypto. If the crypto industry plans to support the mass adoption it so very much needs, it must solve interoperability. Fortunately, current blockchain projects are working on just that: a solution to the blockchain industry’s rampant interoperability problems. One such project is FibSwap, a multi-chain decentralized exchange (DEX) providing lower fees and faster transaction speeds to users swapping between networks. FibSwap’s Multi-Chain Solution By utilizing a unique technology called the Interoperable Multichain Bridge System (IMBS), FibSwap builds bridges across blockchain networks for near-instant swapping. Considering that FibSwap technology is built with cross-chain interoperability in mind, swapping becomes as easy as pressing a button. All token swaps are managed via the project’s native $FIBO governance token. By holding $FIBO, traders will know precisely how much their swaps will cost, preventing hidden fees and saving them money in the long run. As $FIBO is used to swap between chains, swaps will reduce the overall amount of $FIBO over time, potentially increasing the asset’s value in the long term if demand remains constant or rises. Current blockchain bridges exist, but they’re not optimized for an ideal user experience. Network swaps can take anywhere from 20 to 30 minutes, and users regularly spend hundreds of dollars on trading fees if they’re frequently swapping. By building on a multi-chain basis from inception, no project is better suited than FibSwap to facilitate such swaps. While bridges between Binance Smart Chain and Ethereum exist right now, they’re nowhere near ready to facilitate trading on a mass scale. The Future of FibSwap To prep itself for crypto’s impending mass adoption, FibSwap plans to integrate $FIBO tokens on various blockchain networks before listing them on decentralized exchanges like PancakeSwap. From there, FibSwap hopes to provide users with additional services, such as FibSwap Farming and FibSwap Staking methods. Of course, these developments are up to the community. $FIBO is a governance token, after all. Users holding the $FIBO token have a say in upcoming network developments, such as which features are implemented and when. The more $FIBO one holds, the more weight their word holds within the community. Conclusion With hundreds of billions of dollars invested into the DeFi ecosystem and trillions in the crypto market overall, it makes no sense to leave these funds isolated from blockchain to blockchain. Understanding how interoperability is vital to the future success of crypto, FibSwap hopes to lead the charge into multi-chain project development. In doing so, FibSwap will build a healthier crypto ecosystem for all traders, both new and experienced.  

Bank of England’s Sir Jon Cunliffe has urged British lawmakers to think “very hard” about the disruption integrating cryptocurrency with traditional finance could wreak.

There must be a lot of new people on the sub due to all the panic posts This isn't a crash. It isn't even a full correction yet. Take out your weekly BTC and ETH chart all the way back to 2017. The average BTC correction is -20% to -30%. A crash is -40% to…
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The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB […]

My original wallet where I created the JSON file is no longer active/working. It was the Ethereum Foundation's old wallet from back in the day. Luckily I saved the JSON file. Just want to reopen it on something else. I tried Metamask, and it didn't work unfortunately. submitted by /u/JuniorMasterChef [link] [comments]

Astar Network currently ranks third place in Polkadot’s first parachain auction behind Acala and Moonbeam.

Paradigms new $2.5 billion New Venture Fund has dethroned A16z as the largest venture fund in crypto.

Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $61,200 and $60,500 support levels in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to gain strength above the $66,000 resistance zone. BTC topped near $66,400 and started a fresh decline. There was a major decline below the $65,000 support level and the 100 hourly simple moving average. The price even traded below the $63,500 and $63,000 support levels. Besides, there was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair. The bears gained momentum for a move below the $62,000 support zone. A low is formed near $61,126 and the price is now consolidating losses. On the upside, an immediate resistance is near the $62,000 level. The first major resistance is near the $62,400 level. It is close to the 23.6% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low. A clear break above $62,400 resistance may possibly call open the doors for a steady recovery. The next major resistance sits near the $63,000 level. The main breakout resistance is now forming near the $63,750 level. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low is also near the $63,750 level to act as a key hurdle. More Losses in BTC? If bitcoin fails to recover above the $63,000 resistance zone, it could extend decline. An immediate support on the downside is near the $61,200 level. The first major support is now forming near the $61,000 level. The next major support is near the $60,000 level, below which the bulls could struggle to keep the price in the green zone in the short-term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the oversold zone. Major Support Levels – $61,200, followed by $60,000. Major Resistance Levels – $62,400, $63,000 and $63,750.