Home / Forex News /Swingby Partners With Chainlink To Secure Bitcoin Bridge

Swingby Partners With Chainlink To Secure Bitcoin Bridge

06 Dec 2022

Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will be working closely with Alchemy Pay on subsequent co-branded NFT launches.

“Just as I bridged the defense & offense throughout my career, Alchemy Pay bridges fiat currency and crypto, web2 and web3, across the globe. A perfect match!” announced Mascherano on Twitter, considering this partnership to be a perfect fit, and seeing himself embodying the same spirit as Alchemy Pay.

Mascherano is the former captain of the Argentina national team and one of the most outstanding defensive midfielders in the world of football. He shot to fame with River Plate before moving on to European club giants Liverpool and Barcelona. As one of the true legends of the game, Mascherano is also a social media legend, with 5.8M Instagram followers and 8.1M Twitter followers, and is enthusiastic about crypto utility for the people of Latin America. This ambassador endorsement will benefit users in Latin America, enabling them to use their local currency to buy crypto, cheaply and easily, on Alchemy Pay’s OnRamp Solution.

Argentina successfully toppled Lewandowski’s Poland stars to qualify for the knockout stage of the World Cup. Alchemy Pay also announced its support for Argentina, followed by a series of activities to support the Argentina team. For the FIFA World Cup 2022, the Barcelona and Liverpool legend will launch a series of signings, appearances, and NFTs to celebrate the Argentina team during the World Cup. During the cooperation period, both parties will mainly promote Alchemy Pay’s Ramp payment solution and NFT Check out capabilities.

Alchemy Pay has become a leading payment provider. Over the past 18 months, its payment gateway to crypto has opened up the industry to mainstream users. Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users.

The Alchemy Pay Ramp Solution has been easily integrated, via plugin or API, with platforms and dApps to provide an easy onramp from fiat currency to crypto. The NFT Checkout function, Alchemy Pay’s newly introduced feature, gives users access to buy NFTs through their preferable fiat currency payment service. Alchemy Pay supports payments from 173 countries – Visa, Mastercard, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 27 local fiat currencies. $ACH is the Alchemy Pay network & community token on Ethereum and Binance Chain.

Website Twitter LinkedIn Medium YouTube

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will be working closely with Alchemy Pay on subsequent co-branded NFT launches.

“Just as I bridged the defense & offense throughout my career, Alchemy Pay bridges fiat currency and crypto, web2 and web3, across the globe. A perfect match!” announced Mascherano on Twitter, considering this partnership to be a perfect fit, and seeing himself embodying the same spirit as Alchemy Pay.

Mascherano is the former captain of the Argentina national team and one of the most outstanding defensive midfielders in the world of football. He shot to fame with River Plate before moving on to European club giants Liverpool and Barcelona. As one of the true legends of the game, Mascherano is also a social media legend, with 5.8M Instagram followers and 8.1M Twitter followers, and is enthusiastic about crypto utility for the people of Latin America. This ambassador endorsement will benefit users in Latin America, enabling them to use their local currency to buy crypto, cheaply and easily, on Alchemy Pay’s OnRamp Solution.

Argentina successfully toppled Lewandowski’s Poland stars to qualify for the knockout stage of the World Cup. Alchemy Pay also announced its support for Argentina, followed by a series of activities to support the Argentina team. For the FIFA World Cup 2022, the Barcelona and Liverpool legend will launch a series of signings, appearances, and NFTs to celebrate the Argentina team during the World Cup. During the cooperation period, both parties will mainly promote Alchemy Pay’s Ramp payment solution and NFT Check out capabilities.

Alchemy Pay has become a leading payment provider. Over the past 18 months, its payment gateway to crypto has opened up the industry to mainstream users. Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users.

The Alchemy Pay Ramp Solution has been easily integrated, via plugin or API, with platforms and dApps to provide an easy onramp from fiat currency to crypto. The NFT Checkout function, Alchemy Pay’s newly introduced feature, gives users access to buy NFTs through their preferable fiat currency payment service. Alchemy Pay supports payments from 173 countries – Visa, Mastercard, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 27 local fiat currencies. $ACH is the Alchemy Pay network & community token on Ethereum and Binance Chain.

Website Twitter LinkedIn Medium YouTube

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.

Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses.

Following a low of $3.78 to start the week, LEO/USD rallied to an intraday peak of $3.94 earlier in the day.

This comes after bears were unable to force a breakout from a key price floor of $3.75 on Monday.

As can be seen from the chart, the rebound in price coincided with the 14-day relative strength index (RSI) also bouncing from a support of its own.

The index rose from its floor at the 43.50 mark on Monday, and as of writing, is currently tracking at 49.12.

This is the highest point that price strength has hit in over one week, pushing it closer to a ceiling of 50.00 in the process.

Avalanche (AVAX), on the other hand, was one of many cryptocurrencies to move lower during Tuesday’s session.

AVAX/USD dropped to a bottom of $13.48 earlier in the day, which comes less than 24 hours after hitting a peak of $14.31.

Monday’s high was the strongest point that avalanche had traded at since November 10, when price was above $15.00.

Today’s shift in sentiment comes despite the 10-day (red) moving average maintaining its upward crossover versus the blue moving average of 25 days.

Traders will likely make another attempt to move beyond the $14.40 point in upcoming days, as sentiment for now remains bullish.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Avalanche, AVAX, LEO, Unus Sed Leo

Do you expect avalanche to hit $15.00 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.

Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses.

Following a low of $3.78 to start the week, LEO/USD rallied to an intraday peak of $3.94 earlier in the day.

This comes after bears were unable to force a breakout from a key price floor of $3.75 on Monday.

As can be seen from the chart, the rebound in price coincided with the 14-day relative strength index (RSI) also bouncing from a support of its own.

The index rose from its floor at the 43.50 mark on Monday, and as of writing, is currently tracking at 49.12.

This is the highest point that price strength has hit in over one week, pushing it closer to a ceiling of 50.00 in the process.

Avalanche (AVAX), on the other hand, was one of many cryptocurrencies to move lower during Tuesday’s session.

AVAX/USD dropped to a bottom of $13.48 earlier in the day, which comes less than 24 hours after hitting a peak of $14.31.

Monday’s high was the strongest point that avalanche had traded at since November 10, when price was above $15.00.

Today’s shift in sentiment comes despite the 10-day (red) moving average maintaining its upward crossover versus the blue moving average of 25 days.

Traders will likely make another attempt to move beyond the $14.40 point in upcoming days, as sentiment for now remains bullish.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Avalanche, AVAX, LEO, Unus Sed Leo

Do you expect avalanche to hit $15.00 this week? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein.

This will be the first time NFTs will be used to issue court documents in Italy. This technology offers several advantages over traditional means. It can be cheaper and faster, and also allows courts to subpoena anonymous suspects with only a wallet address.

In this case the summonses will be served both traditionally and also by an NFT sent to wallets owned by the defendants.

The summonses are in regards to case #37371/2022 in the Tribunale Ordinario di Milano

Quattordicesima, Tribunale Delle Imprese Specializzata Impresa “A” Civile.

RBB Lab is working with the law firm Annetta Rossi e Associati based in Florence to develop a set of tools for the legal sector using technologies like blockchain and machine learning. This is the first example of the suite’s capabilities.

“As a technology company we want to push barriers in everything we do. This is an example where technology can facilitate and also improve a system that has been slow to adapt. Our goal is to find opportunities to improve our lives using technology. Unfortunately, the legal system has many examples of inefficiency where a lot can be done.”Enrico Rubboli, CEO of RBB Lab.

Enrico Rubboli is the CEO of RRB Lab and Founder of Mintlayer. He has 17 years of experience in Software Development. His resume includes stints with Bitfinex/Tether, Digital Science / Macmillan Science and Education in London, TUI Group in Italy and ELC Technology in the United States.

RBB Lab is certified as a High Technology Enterprise through San Marino Innovation. The company specializes in software engineering, blockchain solutions, and UI/UX design.

Contact Details:

RBB LAB

Enrico Rubboli, CEO

Phone: +(378) 0549 990284

Email: info@rbblab.com

Website: RBBLAB.COM

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein.

This will be the first time NFTs will be used to issue court documents in Italy. This technology offers several advantages over traditional means. It can be cheaper and faster, and also allows courts to subpoena anonymous suspects with only a wallet address.

In this case the summonses will be served both traditionally and also by an NFT sent to wallets owned by the defendants.

The summonses are in regards to case #37371/2022 in the Tribunale Ordinario di Milano

Quattordicesima, Tribunale Delle Imprese Specializzata Impresa “A” Civile.

RBB Lab is working with the law firm Annetta Rossi e Associati based in Florence to develop a set of tools for the legal sector using technologies like blockchain and machine learning. This is the first example of the suite’s capabilities.

“As a technology company we want to push barriers in everything we do. This is an example where technology can facilitate and also improve a system that has been slow to adapt. Our goal is to find opportunities to improve our lives using technology. Unfortunately, the legal system has many examples of inefficiency where a lot can be done.”Enrico Rubboli, CEO of RBB Lab.

Enrico Rubboli is the CEO of RRB Lab and Founder of Mintlayer. He has 17 years of experience in Software Development. His resume includes stints with Bitfinex/Tether, Digital Science / Macmillan Science and Education in London, TUI Group in Italy and ELC Technology in the United States.

RBB Lab is certified as a High Technology Enterprise through San Marino Innovation. The company specializes in software engineering, blockchain solutions, and UI/UX design.

Contact Details:

RBB LAB

Enrico Rubboli, CEO

Phone: +(378) 0549 990284

Email: info@rbblab.com

Website: RBBLAB.COM

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

PRESS RELEASE. Swingby has recently announced a newly established partnership with Chainlink for Proof of Reserve. The recently publicized partnership is aimed to help secure the Swingby Skybridge which connects the Bitcoin blockchain, enabling the introduction of BTC into the Ethereum network.

Swingby Develops A More Advanced And Secure BTC Bridge

Swingby is a BTC bridge ecosystem with plans to expand into other blockchain ecosystems in addition to Bitcoin and Ethereum, which the platform has already accomplished. In fact, the advance in platform security made possible from the partnership makes Swingby the only BTC bridge guarded against a WBTC depegging event.

In a Swingby announcement announcing the partnership it was also revealed that the Bitcoin bridging protocol chose the Chainlink Proof of Reserve, due to what was proclaimed in the details of the announcement to be critical features offered by Chainlink’s oracle service.

Proof Of Reserve Offers Verifiable Transparency And Security

With the recent rise in the incidence of blockchain ecosystem crashes, catastrophic depeggings, sudden closures, bankruptcies and more, this is a time when transparency and security have become of even greater importance than ever before in the blockchain industry.

Swingby made the decision to equip the protocol to employ Proof of Reserve as a transparency measure which protects the bridge from completing transfers that are not verifiably present in reserves backing token supply.

The Swingby announcement details that the integrated Proof of Reserve will check to ensure that the number of BTC held in custody in reserve wallets matches the amount of WBTC tokens on the Ethereum network. If there is a discrepancy between the figures, the Proof of Reserve function is designed to automatically shut the bridge down from user access until the issue is resolved. The measure is aimed to protect user and network security.

Raising The Standard With Proof Of Reserve

As aforementioned, the built-in automated security introduced by the Chainlink Proof of Reserve mechanism has led to Swingby being able to proclaim the network as being the only BTC bridge that is secured against the depegging of WBTC.

In the vein of blockchain transparency and security, the recent bankruptcy filing of FTX and sister company Alameda Research affected the REN Protocol which is owned by Alameda. The swift closure and demise of REN Protocol propels Swingby as one of the more recognizable market leaders in this space, and also one of the more decentralized bridges as well.

Swingby aims to accomplish ease of use through its proof of stake network. The Chainlink Proof of Reserve is designed in a way which can further support a simple and efficient UX largely by the automated process that the reliable, secure, up to date data presented to the smart contract powered network environment by way of the tested Chainlink oracle network.

How Chainlink Proof Of Reserve Is Expected To Support Swingby Skybridge

An up-to-date reference contract will be kept to provide smart contracts with on-chain, automated verification of an asset’s collateralization. This also removes the need for manual audits, and makes the data and information available for independent monitoring and validation by individuals, due to the transparent nature of the blockchain.

Customizable External Adapters are implemented in the Chainlink Proof of Reserve. They are used to source data from premium data providers through financial incentivization, meaning the data provided through the facilitation of Proof of Reserve is considered to be amongst the highest quality.

The decentralized nature of the Chainlink Proof of Reserve is also mentioned as being an important aspect of the design which supports the Swingby skybridge. Details provided in the announcement expose that oracle nodes and data sources are decentralized and therefore – eliminate central points of failure in both the sourcing and delivery of data to Swingby.

More To Come As Announced By Swingby

Senga Yusaka, CEO of Swingby revealed in a recent statement that there could be more to be expected from the partnership with Chainlink. The official Swingby announcement disclosed intentions for the protocol to implement Proof of Reserve on Avalanche, Polygon and other blockchains via Skybridge now that the Ethereum network is complete and live. The CEO offered insights that expressed the major importance of the role which Chainlink Proof of Reserve plays in the decentralized infrastructure for Swingby’s Skybridge.

“We consider Chainlink Proof of Reserve to be mission-critical decentralized infrastructure for Swingby’s Skybridge and it will play a key role in preventing users from minting new WBTC tokens or swapping them if the BTC reserves become unpegged from the WBTC token supply. Security is paramount when building a bridge across blockchains, and Chainlink’s battle-hardened and time-tested oracle network is the most reliable in the industry.”

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Source From : News

© CoinJoker 2019 | All Rights Reserved.