Category: Cryptocurrency News

The demand for decentralized finances (DeFi) keeps rising with the ecosystem reaching $100 billion in total value locked (TVL) during 2021. However, users seek safe and secure options capable of providing different products to earn rewards without having to pay a fortune on fees. Running on top of the Binance Smart Chain (BSC), decentralized exchange (DEX) Nomiswap attempts to address this demand. The platform offers some of the lowest fees in the space with barely a 0.1% slippage for users to swap their token with the BSC BEP-20 format. Unlike its competitors, Nomiswap is deeply integrated within the Nominex ecosystem. This platform is one of the official brokers for leading crypto exchange Binance, which provides it with an additional legitimacy layer, and operates with a hybrid model that enables it to leverage the benefits of centralized exchanges (CeFi) and decentralized exchanges (DeFi). In that sense, due to its robust platform, trajectory, and partnership with Binance, Nominex and its DEX Nomiswap have built an outstanding reputation in the crypto space. According to the platform’s official Gitbook, Nomiswap was created with the following objective: Nomiswap aims to become a benchmark for DEX platforms. We want to take up the mantle of becoming the leading DEX platform on the market for token swaps. Data provided by monitor CoinGecko records an 8 out of 10 in their trust score with a position in the top 50 crypto exchange platforms right alongside FTX, Gemini, Bitfinex, and others renowned for their deep liquidity, security, and variety of trading products. Nomiswap, Key Features And Benefits Nomiswap possesses a unique suite of products that will let traders maximize their rewards, while they securely operate under a low-cost platform. In that sense, the platform offers traders the ability to operate under a 0% fee model thanks to its CeDeFi ecosystem. The DEX lets users receive cashback on their trading fees depending on the funds they provide to liquidity pools or launchpools. When a user participates in these mechanisms, they receive a farming level which increases cashbacks the higher it gets. This is how users receive rewards and cashback fees from Nominex and Nomiswap just by operating on the platforms. In addition, the Nominex ecosystem has been the first to introduce utilitarian farming and staking, meaning users get extra rewards by using its referral program. The referral fees received are directly correlated with the user’s farming level. One with higher farming levels stands to receive higher cashback and referral fees. The referral rewards are originated from 3 specific activities: swap fees, farming, and tokens earned on launchpools. In other words, you can earn and benefit from your referrals when they use some of the most popular products on the DEX and the DeFi sector. Furthermore, Nomiswap offers a binary referral program with separate rewards. In other words, a user will earn rewards from those activities linked to their direct referral, and separate rewards from the group of people they have brought to the exchange. The team behind the platform added: We are highly committed to providing true value, fairness, and innovation to decentralized finance through our high-quality products and services. Nomiswap is fast, secure and anyone can swap and earn tokens. How To Trade And Become A Liquidity Provider On Nomiswap Traders will be familiar with Nomiswap’s interface, the platform lets you swap any token on the BSC and will add other networks in the future. As mentioned, its cashback feature lets you receive rewards for taking your BNB or any other BEP-20 token and trade it for MATIC, Nominex Token (NMX), SOL, USDT. Traders can also swap their tokens to synthetic versions of popular cryptocurrencies, such as DOGE, Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and others. To start an operations users will need to connect their MetaMask, WalletConnect, or Trust Wallet. As seen below, once the user’s wallet is connected, they must select the coin from which the swap operation will begin and select the coin they desire. The platform also lets users modify its setting and customize its slippage percentage, transaction speed, and the deadline to complete the transaction. To provide liquidity, Nomiswap users will need to follow a similar process and connect their favorite crypto wallet. Later, they will need to select the trading pair (BNB/BUSD, for example) to which they want to provide liquidity. It is important to note that liquidity providers need to have a sufficient balance in their wallets to complete the transaction. By providing liquidity, users will receive rewards in the form of a liquidity provider (LP) token called NMX, Nomiswap’s native token. These operate as an incentive, as users can take their rewards and stake them on the platform farms or special liquidity pools that provide them with extra rewards. Thus, users have an extra protection layer against common issues for liquidity providers, such as Impermanent Loss, and are able to benefit from a passive income revenue stream. As a bonus, the DEX offers some of the highest APY on the BSC ecosystem, much higher than its competitors PancakeSwap, and Biswap. Conclusion On top of the above, Nomiswap was selected as one of the most valuable builders on Binance’s Accelerator Program. This initiative was launched to support valuable projects in the crypto space, boost their development and adoptions. The DEX has received positive reviews from many specialized websites and crypto experts, such as T9schools, a YouTube channel with over 2.2 million subscribers, and Revain. Nomiswap was classified as one of the “best” crypto exchange platforms of the future with reviewers particularly praising its different products, trading features, and rewards. Due to its frictionless and user-friendly interface, its many opportunities to make rewards and maximizing via staking, cashback, referral programs which give a portion of all fees to every user, its security and innovative CeDiFi model, Nomiswap and the Nominex ecosystem are poised to continue making a positive impact on the space. Every crypto trader should try it! For more details and information about Nomiswap or to start participating as a member of its community, you can always check the following links: Twitter: https://twitter.com/Nomiswap Telegram: https://t.me/nomi_swap  

TL;DR: There are much better alternatives for everything that CRO/CDC offers (see points below). This post will probably get downvoted and buried to hell because I know there are a LOT of CRO holders here, but people will want to understand these points, add a dash of skepticism to things they read on public forums,…
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ARK, a fully customizable blockchain framework with TypeScript, announced today that a new version of Payvo, its cryptocurrency wallet app for ARK-based blockchains will soon be launched. One of the main differences is a transition from a desktop app to a completely web-based application. Currently, the ARK team plans for the public beta version to…
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submitted by /u/cdnkevin [link] [comments]

The financial services company reportedly said it planned to have the same Bitcoin ETP listed on the SIX Swiss Exchange in the coming weeks.

Bitcoin was rejected once more as it approached the mid area around its current levels. The first crypto by market cap has been trending to the upside over the past week but has been unable to break above critical resistance. Related Reading | TA: Ethereum Eyes Key Upside Break, $3K Holds The Key As of press time, BTC’s price trades at $43,691 with a 1.1% loss in the last 24 hours. One month from now, on March 17th, the U.S. Federal Reserve is expected to possible announced a shift in its monetary policy and to begin its tapering process on their asset purchasing program. In addition, the financial institution could announce a hike in interest rates. The possible shift in monetary policy has been contributing with the global markets current trend to the downside as investors attempt to price-in the FED’s future action. Bitcoin has been impacted by this risk-off environment, but a lot of uncertainty surrounds the crypto market. Director of Global Macro for investment firm Fidelity, Jurrien Timmer, recently presented two scenarios that the markets could follow as the FED prepares to increase interest rates. In the first of these scenarios, the market “tightens on its own” to “tame” inflation, as Timmer said, with a potential top in 2023 of 2% in interest rate hikes incremented at 25 bps or 0.25% starting next march. This could be the most bullish scenario for Bitcoin and the rest of the global market. The U.S. financial institution could operate with a passive approach, and not force the financial sectors to enter a massive selloff. The second scenario seems more aggressive, according to Timmer: The ongoing inflation news will force the Fed to tighten so many times that it eventually “breaks” something, which will in turn force it to pivot much like it did in 2018 after a 20% sell-off in equities. The Best Moment To Buy The Bitcoin Dip? Fidelity’s Director of Macro seems optimistic, at least at the moment. Timmer believes the inflation narrative hasn’t force the FED to take extreme measures, so interest rates could top at around 2% which could be the less painful path for Bitcoin and the global financial sector. Timmer compared the current macro-economic situation with the tightening cycle of 1994.  During this period, the market wasn’t expecting the FED to hike interest rates and was also surprised when the institution stopped its tightening program. Time will tell if this cycle will be similar. On the other hand, Jarvis Lab’s Ben Lilly believes there is room for a Bitcoin rally before the FED turn full-on hawkish. Lilly presented two previous scenarios, 2004 and 2015, when the financial institution was about to increase interest rates. Related Reading | TA: Bitcoin Fails to Test $45K, Why Dips Could Be Attractive As seen below, in 2004, the Nasdaq index trended higher before a sell-off which, as Lilly said, was a good opportunity to buy the dip. Bitcoin and other cryptocurrencies could follow the same pattern as the market enter a “soft period” on higher rates expectation. Lilly said: Market went soft in anticipation of higher rates. Do we go bullish until the actual hike takes place in mid-March? Then once the hike happens, and market sells off, will it be the best BTD (Buy the Dip) opportuniry for next couple years?

As the cryptocurrency waltz continues, so does the rapid rise of the NFT phenomenon. As we focus on investments, every market will eventually hit a resistance level. So, smart NFT-makers are planning ahead to focus on how to overcome it. We can’t say for sure what the secret to success is with launching an NFT as well as it happens with cryptocurrencies – or we’d already be billionaires – but what we can assert that one of the critical factors to ensure long-term growth is the support of a dedicated community that believes in the project. This is what Richape Mille thought when he put into the pipeline his new collection of NFTs. Look at them as the first step for constructing a more extensive system that combines the physical and virtual in a great unicum: a real hub dedicated to lovers of luxury watches – which becomes its secret weapon. Metalus NFT, the new collection by Richape Mille The Metalus collection pays homage in name and features to the famous Nautilus by Patek Philippe and represents an authentic digital art collection dedicated to the world of watches. One hundred different subjects, finely handcrafted into NFTs, will be available in four rarity classes: Rare, Super Rare, Grail, and Piece Unique. A total of 5711 NFTs will be minted. If you want to know more or participate in the launch of the collection, which will take place around the end of February, we suggest you pre-register on the Richape Mille website – richapemille.com – to access the Discord channel that will be put online soon. This channel will be open to all watch enthusiasts who want to make a difference. It represents the first step towards building a community that will become the backbone of the most important marketplace in the metaverse. Among the most active in the channel, who will add experiences and content, making it richer and more enjoyable, a few will receive the invitation for the whitelist. This will allow them to buy up to 2 NFTs per wallet at launch price when the NFTs are minted towards the end of February. The rest of the NFTs will be placed on the most popular public marketplaces once the whitelist offer expires – obviously at prices different from the launch price and subject to the gas war. A few days after the end of the public allocation, the subjects of the NFTs that have been purchased and their rarity will be revealed. The creation of ChronoMETA Richape Mille’s commitment to the project is long-term. The launch of Metalus will allow the creation of ChronoMETA, a marketplace on the metaverse dedicated to all things NFT with a luxury watch theme, both physical and virtual, and which will allow participants – namely, the exclusive club of NFT owners of the Metalus series – to operate on it. On ChronoMETA – the first marketplace of this kind – it will be possible to buy, sell and exchange NFTs with payment in cryptocurrencies, at lower costs than those of a traditional marketplace, quickly and directly, and without the typical problems of “physical” distribution of timepieces: waiting lists, watch flipping, and excessive surcharge by intermediaries. Another interesting spin on blockchain technology offered by ChronoMETA is the possibility to acquire fractional ownership of an NFT attached to a physical watch. Anyone will be able to purchase a piece of a Grail watch – which may have been entirely out of their reach before – and resell them in the future on the platform—an innovative and exciting investment vehicle. To top it off, there will be special initiatives and other perks aimed at members of this “club,” both physical and virtual, offered by ChronoMETA in collaboration with the most exclusive manufacturers of luxury watches. ChronoMETA’s development will also be accompanied by creating a structure dedicated to developing technology and services to allow the great horology Maisons to enter the metaverse simply and effectively: meta-made.org. And if you think it’s just an idea for the future, it’s already happening. Richape Mille’s ace in the hole: community building Richape Mille, as we said, aims high. And it goes to great lengths to create a community that is attractive to all participants right away. So, first and foremost, all subscribers to the Metalus collection will receive a custom hoodie with its logo, complete with its digital version in NFT. And one of them, the luckiest one, will benefit from a very special perk: a dream watch, a platinum Rolex Daytona, complete with box and papers. Physical, not virtual. In addition, there is an interesting spin-off dedicated to those who own NFTs from the Bored Ape Yacht Club. If someone holds them and keeps them on the same wallet as the Metalus series, they will receive a completely free NFT derivative that will show their monkey wearing the Metalus series watch that they own. Richape Mille’s initiative, which combines the physical and virtual worlds into a unique and distinctive project, is in the process of launching. It looks like a perfect example of how value can be created by looking further into the metaverse. This environment will become the new dimension of global business in ways we can only imagine today in early 2022. A gamble? Maybe so. But those who bet on Bitcoins indeed bet on a horse that turned out to be a winner.

Chainlink VRF v1 had previously crossed 3 million request transactions from NFT projects and blockchain games.

I know I know. Rich people spend millions all the time, but when we are facing a worldwide child hunger crises that is far surpassing the annual 3,000,000 child hunger deaths we had pre-virus, giving this guy Clout in the media is a FK'N Travesty. https://www.aljazeera.com/news/2022/2/15/un-hunger-crisis-threatens-half-of-somalias-young-children That's just one clip from dozens of articles we…
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I'm not sure exactly where I should ask this, so I'll try here. I'm going to the South Pool soon, and I wanted to leave a stainless steel plate with a wallet pass phrase on it containing a small amount of crypto. I just want to see how long until somebody makes the return trip…
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