Category: Cryptocurrency News

Swapin, an EU-licensed crypto payment infrastructure, has announced the successful completion of their funding round that started back in December 2021. The cap reached was leveled at the €1.68M mark, which significantly enhances the capabilities of the project to develop further. The first significant step announced by the team is a complete rebranding, which also implies an update to the company brand vision. Swapin is a reflection of the project’s key mission – providing access to instant fund transferring (swapping) between crypto and fiat. Regardless of the exact product you choose by Swapin, it will always be aimed at bridging these two common types of assets and the people that use them. Swapin B2C and B2B Product Lineup The announced brand philosophy can easily be seen among the Swapin product lineup, which will comprise at least five services by the end of 2022.  InstaBuy and InstaFill (relatively similar solutions aimed at making instant crypto-to-fiat payouts accessible) will be complemented with a reliable crypto-purchasing tool (InstaBuy) and several products geared at bridging fiat and cryptocurrencies for businesses and individuals – CoinCollector and E-com. The latter two deserve a closer examination, as B2B product development has been outlined as a prior focus for the ongoing year.  CoinCollector is a simple but unique online tool that enables businesses to accept payments in crypto and receive the funds directly to their bank accounts without touching or dealing with digital assets. All that’s needed is to create a CoinCollector payment link and share it with a client who wants to pay with crypto. Once the recipient sets the amount that needs to be transferred in fiat, the service provides him a wallet address and exact sum in the crypto of their choice, which will be valid for the next 30 minutes. The only step remaining is completing the transfer, and once that is done, the established amount of euros will hit the merchant’s bank account. CoinCollector fully complies with EU financial regulator requirements as all services by Swapin are supervised by the Estonian Ministry of Financial Affairs and Communications.  E-com, the second option, is a highly compatible payment widget for online shops and merchants designed specifically for entities. Working almost similar to CoinCollector, it can be permanently integrated into any online store, thus significantly broadening its target audience by adding in those clients looking for the opportunity to pay with their crypto. Another positive fact about E-com and CoinCollector is that they protect both businesses as well as their clients from market fluctuations. This means that the client sees the exact amount of crypto he needs to pay, while the entity always gets the demanded sum in fiat currency. Swapin 2022 Roadmap And More This isn’t even an exhaustive list of product updates mentioned in the Swapin 2022 roadmap, as the company seeks to launch a virtual IBAN release option and acquire an EMI (Electronic Money Institution) license by the end of the year.  When reached for comment, Evald-Hannes Kree, CEO at Swapin, emphasized the company’s recent achievements: “Swapin is the best possible brand name to reflect our passion – the endless search for a better way to integrate the worlds of digital assets and traditional finances. We see a large and, more importantly, consistently growing demand from both ends, and we know our clients’ needs. Finally, we have the relevant experience of successfully building products that give us a clear vision of further steps. I have no doubts that Swapin has a bright future ahead, especially with the support provided by our respected investors.” About Swapin Swapin is an EU-licensed, regulated crypto-to-fiat payment processing company. The company offers a complete set of turn key solutions aimed at bridging the gap between digital and fiat asset flow. Swapin allows the conversion of personal crypto funds or incoming payments in digital assets into direct deposit to the selected IBAN account, avoiding excessive accounting and legal compliance struggles. The variety of ready-to-go solutions, targeted both at individuals and businesses, allows for immediate fiat settlement in the desired fiat currency in only a matter of clicks.

Smart contracts are an essential building block within the cryptocurrency ecosystem and are the core of many decentralized applications (dApps). These programs run when predetermined conditions are met to help automate workflows, execute agreements, and carry out other essential tasks that can be governed with “if/when…then…” statements. Programmed by developers, smart contracts are trustless, autonomous, decentralized, operate transparently, and are unable to be reversed or modified. These attributes make smart contracts a useful tool in reducing or even eliminating the need for intermediaries or third parties. The code arbitrates the terms of an agreement or contract. Legacy Industries Remain Interested In Harnessing Smart Contracts Unsurprisingly, the benefits of smart contracts mean many traditional companies are looking towards the technology to optimize operations. Research published in December 2021 projects the global smart contract market size is expected to jump to $770.52 million by 2028 up from about $145 million in 2020. Smart contracts have already made notable waves within the supply chain industry as businesses aim to better track products. In the summer of 2021, blockchain and crypto mobile app provider Epazz Inc announced plans to launch its StreamPay Blockchain Smart Contract App. The company noted the application could be used by supply chain managers to keep watch on raw materials as they are transformed into finished goods, thanks to smart contracts. The traceability benefits of smart contracts have also attracted some in the legal industry to take a look at the technology. Some believe smart contracts could build on the advent of e-signatures for legal documents to create scenarios where lawyer fees and other costs could be reduced by making agreements with the help of customized smart contracts. Back in 2017, Arizona Governor Doug Ducey signed HB 2417 into law, which asserted smart contracts were legal and enforceable under state law. By far, Ethereum remains the most popular blockchain for running smart contracts. Smart contracts run on the Ethereum Virtual Machine (EVM), a global, decentralized computer where Ethereum nodes provide power in exchange for Ether tokens. Any Ethereum user can write a smart contract and deploy it to the network as long as they have enough ETH and understand how to code in a smart contract language like Solidity or Vyper. EVM Compatibility, A Vital Attribute For New Smart Contract Innovation As EVM remains the most popular platform for smart contracts, blockchain compatibility remains of utmost importance for teams interested in attracting users. Compatibility reduces the amount of gas needed for contract verification and execution. Lycan Chain is one example of an up-and-coming EVM compatible blockchain with its own secure consensus mechanism. Developed by the team who introduced Werewolf, one of the world’s first DeFi ecosystems, Lycan Chain focuses on alleviating scalability issues and fostering full smart contract adoption. Compatible with EVM and interoperable with Web 3.0, developers can rely on Lycan Chain’s unique hybrid proof-of-stake architecture to quickly integrate dApps onto the blockchain. Named after the mythical Lycan species famous for its speed and immortality, the Lycan Chain team announced the launch of its Testnet in early March 2022. As smart contracts remain the soul of ever-changing and dynamic blockchain industry, EVM compatibility remains of utmost importance for new and dynamic blockchains interested in helping developers quickly build scalable and secure solutions.      

Since the regulations force businesses in EU to obtain kyc for transactions above 1000 Euros, it will kill the real world use cases of crypto . The KYC information could easily leak and then the wallet used for the transaction becomes linked to a user identity for everyone to see . Effectively this makes the…
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Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death.

Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns […]

I often ask myself this question: is it early? Instead of having ridiculous charts and just being Mr. Uber Bull, I wanna give a real life rundown of my experience and thoughts. I’m 38 and I work in finance. I work with about 100 people both inside and outside of the company day to day.…
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More long-dead BTC moved this week than at any time since just before the $20,000 all-time high in December 2017.

The cryptocurrency industry can provide bountiful rewards for those who like an active approach to portfolio management. However, that also applies to passive cash flow, with the help of the right provider. Unlocking predictable passive income twice a day is accessible through CakeDeFi, which provides users with solid returns. Passive Income with Crypto isn’t Difficult As the decentralized finance ecosystem continues to grow, people have wondered how they can put their crypto assets to work. Many seem to make good money in this ecosystem and have their earnings cover basic expenses, including food, drinks, groceries, etc. However, even more people are puzzled about how any of this is possible and what they must do to achieve such a passive income stream. The cryptocurrency industry has a reputation for requiring hands-on asset management. For the most part, that is true when it comes to trading and rebalancing one’s portfolio. However, much has changed since DeFi gained traction, as most popular assets can help users earn a solid passive income these days. It is not necessary to invest in dozens of currencies to achieve high rewards. Even for those who have never owned any cryptocurrency, unlocking predictable passive income is within reach. On CakeDeFi, users are guided through the steps of acquiring the supported currency/currencies and putting it to work through the various services to generate passive income. It is an accessible and educational approach capable of bringing in a large mainstream audience. The big question in many people’s minds is figuring out how often they will get paid. A savings account offers interest once a year, and even then, it often disappoints. In DeFi, and through CakeDeFi, users can access rewards twice per day. Balances will update every 12 hours, and rewards accrue in real-time without delays. A Straightforward Journey with CakeDeFi The CakeDeFi offers the most accessible and profitable DeFi features on its platform. Users can opt to stake their crypto, use it for lending, or provide liquidity to the various pools. Each option has a different return and profitability level. Staking and lending are the least risky options with low volatility for those who are relatively risk-averse. Lending has a return of up to 7% per year, whereas staking can yield up to 34.3% per year. For lending, one can use Bitcoin, Ethereum, USDT, and USDC. Staking is currently only supported for DFI – the native asset of DeFiChain – and Dash. Users can acquire all of these assets through the CakeDeFi platform and convert freely between them. Liquidity mining is a potent option for those with a bigger risk appetite. However, it requires supplying two currencies in the pool to begin earning rewards. The interest rate can be as high as 97.85% per annum and is supported by over two dozen currencies. Once liquidity is locked in, users can maintain a passive approach and see their earnings add up every 12 hours. Making all of these features accessible is essential to ensure future DeFi growth. CakeDeFi makes lending, staking, and liquidity easy for novice and advanced users to explore and benefit from. Moreover, no technical expertise is needed to make the most of these options. The platform provides ample guidance to help users on their way to unlock predictable passive income twice a day.   Image: Pixabay

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The Merge is now in the early stages of Ethereum 2.0. Even if dev continue to delay this again , many people who believe ethereum will lose trust Many miners will feel that they are torturing themselves. and Many Ethereum stakers will also suffer. This is because if the merger is delayed in a situation…
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