Tag Archives: crypto

Is it safe to trade and store crypto? | Instant News


An overview

Official name: SwapSpace

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Headquarters: Marshall Islands

Year of establishment: 2019

Exchange type: Non-custodial

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Trading fees: Included in the displayed rates

Deposit method: Cryptocurrency

Supported coins: 350+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more

Fiat: No.

Customer service: email, chat.

While cryptocurrencies are growing in popularity, their inconsistency sometimes makes it difficult to see what and decide about the best exchange to use, what prices are good and what to get ripped off, and so on. And here the aggregator comes out.

The SwapSpace cryptocurrency exchange aggregator combines exchange options for instant exchanges, and it’s you who compare offers and make the final decision. This removes the search part of cryptocurrency exchanges while keeping your private key.

In this article, we will cover complete aspects of the SwapSpace exchange such as features, fees, supported currencies, trading and much more. Let’s dig into the SwapSpace review in detail now.

What is SwapSpace?

SwapSpace is an instant cryptocurrency exchange aggregator that combines thousands of exchange offers by more than twelve major exchanges into one simple interface. It has been operating worldwide since 2019 and is suitable for beginners who have not yet gotten exchange sticks and candles and for professional traders who need a quick exchange or choose not to trust their funds for custodial exchanges.

Currently, SwapSpace works closely with all major players in the instant exchange market (Changelly, SimpleSwap, ChangeNow, ChangeHero, and many more). It collects prices for over 350 cryptocurrencies and shows it is regulated from the best.

SwapSpace offers an instant, simple, registration-free crypto-to-crypto exchange service. This service can be accessed via any device. For Trezor users, this provides an opportunity to exchange via Trezor Connect without leaving SwapSpace.

It also offers APIs for any service including crypto wallets so that users can exchange cryptos directly without needing to visit the SwapSpace website.

SwapSpace feature

1) No registration. To use SwapSpace, you don’t need to register or enter your personal data.

2) No pre-KYC. At SwapSpace, you don’t have to go through mandatory KYC procedures. However, its partners can prepare selective KYC checks if it detects suspicious transactions.

4) A large number of coins and tokens. Currently, SwapSpace offers more than 350 cryptocurrencies to exchange, which makes it an instant exchange with one of the widest types of coins.

5) Fixed and floating exchange rates.

6) No additional fees. SwapSpace shares fees with an integrated exchange instead of charging its customers. Along with providing an opportunity to compare rates and choose the best, it makes for a profitable exchange.

7) Unbelievable. Because SwapSpace is non-custodial, SwapSpace does not hold your funds and allows you to store your private keys. You are the sole custodian of your crypto.

SwapSpace Fees and Limits

SwapSpace doesn’t charge any additional fees from its customers, which means that in the SwapSpace interface you will see the same numbers as the integrated exchange service. The lower limit starts at $ 2, and they don’t set an upper limit for swaps.

SwapSpace Supported Currencies

SwapSpace supports more than 350 cryptocurrencies, and this number is growing. This list includes major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), stablecoin (Tether (USDT), USD Coin (USDC), and many more), recent breakthroughs like Polkadot (DOT), and many more. . various DeFi coins (YFI, YFII, SushiSwap, Aave, Compound, Sun).

How to EChange Cryptocurrency on SwapSpace

STEP 1. Select a partner and select a tariff

To buy Bitcoin with Ethereum, select ETH in “you send” and Bitcoin in the “You can” section of the SwapSpace homepage. You can type it manually or choose from the drop-down menu. Enter the amount of Ethereum you wish to exchange. Press “View offers” and then grab a crypto exchange service that meets your needs.

STEP 2. Enter the address of the recipient

Provide the address of the Bitcoin wallet where you wish to receive funds

Check the information carefully and click the “Next” button.

STEP 3. Transfer funds

Send the exact amount of ETH to the address given and receive Bitcoin in your wallet within minutes.

STEP 4. Wait for the exchange to complete

You will have Bitcoin in your wallet in a few minutes! The exact time depends on various parameters: blockchain network workload, transaction time, processing speed, etc. Worried about your transaction? Check swap tracker or contact support.

Pros and Cons of SwapSpace

Pro

  • No registration or mandatory pre-KYC
  • Fast and secure cryptocurrency exchange
  • There are no additional fees
  • Fixed and floating exchange rates
  • 350+ currencies available
  • 24/7 chat and email support

Counter

  • There is no trading with fiat currency
  • This is a fairly new company

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Central Banks Eyeing Digital Cash to Fend off Crypto Threats | Instant News


The world’s largest central banks – and even some of the smaller banks – are playing with the idea of ​​issuing digital currencies.

This will allow holders to make payments via the internet and possibly even offline, competing with existing electronic payment instruments such as digital wallets, online banks or cryptocurrencies.

Unlike this private solution, the official digital currency will be backed by the central bank, making it “risk free” like banknotes and coins.

While most projects are still in their infancy, they have shifted into higher gear in the past year after Facebook Inc announced plans to create its own virtual tokens and the COVID-19 pandemic increased digital payments.

A group of seven central banks coordinated by the Bank for International Settlements on Friday explained how digital currencies might function.

Here’s what we know so far:

WHAT IS CENTRAL BANK DIGITAL CURRENCY?

Central bank digital currency (CBDC) is an electronic currency equivalent to cash.

Like banknotes or coins, it gives the holder a claim directly to the central bank, bypasses commercial banks and offers a greater level of security because the central bank will never run out of the currency it issues.

Access to central bank money outside of cash has so far been restricted to financial institutions. Extending it to a wider public can have major economic and financial impacts.

WHY DO WE NEED IT?

Authorities said the CBDC would provide a basic means of payment for all as cash use waned. It will also offer a safer and potentially less expensive alternative to personal solutions.

Their main fear is losing control of the payment system if private currencies such as bitcoin or Libra that Facebook proposes are widely adopted.

This can make it difficult for the authorities to detect money laundering and terrorism financing, but it also weakens the central bank’s grip on the money supply, which is one of the main avenues for steering the economy.

For many developing countries, where a large proportion of the population is unbanked, CBDCs can be a way to promote financial inclusion and expand the reach of central bank monetary policy.

WHAT DOES DIGITAL CURRENCY LIKE?

This is where views diverge.

CBDCs can take the form of tokens stored on a physical device, such as a mobile phone or prepaid card, making it easier to transfer offline and anonymously.

Or, it could be in an account managed by an intermediary such as a bank, who would help the authorities manage it and potentially reward you at an interest rate.

While the idea of ​​a CBDC was born partly in response to cryptocurrency, no one said it should use blockchain, the distributed ledger technology (DLT) that supports this token.

The People’s Bank of China said its digital yuan would not rely on blockchain.

WHICH CENTRAL BANK IS LEADING?

The People’s Bank of China aims to be the first to issue a digital currency in an effort to internationalize the yuan and reduce its dependence on the global dollar payment system.

Large state-owned commercial banks are conducting large-scale internal testing of digital wallet applications, according to local media reports.

Several private companies, such as China’s largest vehicle sharing app Didi Chuxing, also participated in the test.

In Sweden, already the world’s least cash-dependent economy, the Riksbank has also started testing e-krona.

The European Central Bank and the Bank of England have both launched consultations on the matter while the Bank of Japan and the Federal Reserve have so far taken a back seat.

WHAT ARE THE RISKS?

The central bank is concerned that a massive migration to CBDCs will weaken commercial banks, robbing cheap and stable sources of funding such as retail deposits.

In a crisis, this will make them vulnerable to running out of their coffers because clients prefer account security guaranteed by the central bank.

For this reason, most designs envision a limit on how much each consumer will be allowed to hold at CBDC and, potentially, even a lower level of remuneration to reduce its attractiveness.

WHO’S BEHIND TECH?

Several central banks have hired large consulting firms to develop pilot schemes. Swedish Riksbank, for example, has partnered with Accenture Plc to test its e-krona.

But others, mostly in small countries, have taken advantage of cryptocurrencies and blockchain startups.

Lithuania turned to Gibraltar-based blockchain company NEM to issue the first CBDC in the eurozone.

The Bahamas hired local technology firm NZIA to design and implement the CBDC “Sand Dollar” platform while the Marshall Islands turned to New York-based blockchain firm SFB Technologies.

© 2020 Thomson / Reuters. All rights reserved.

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Now Chrome Can Block Ads That Release Power From Your CPU | Instant News


Chrome browser user take heart: Google The developer launched a feature that eliminates abusive advertising that secretly releases your CPU resources, bandwidth, and electricity.

ARS TECHNICA

This story originally appeared on Ars Technica, a trusted source for technology news, technology policy analysis, reviews, and more. Ars is owned by WIRED’s parent company, Condé Nast.

This step is done in response to a swarm of sites and advertisements first considered in 2017 who secretly use a visitor’s computer to mine bitcoin and other cryptocurrency. When a site or ad displays content, the embedded code performs intensive resource calculations and deposits the mined currency in the developer-defined wallet. To hide fraud, this code is often very obscured. The only signs that something is wrong is a rotating fan, a drained battery, and for those who are watching, an increase in network resource consumption.

In a The post was published on Thursday, Chrome Project Manager Marshall Vale said that while the percentage of crude advertisements is very low – somewhere around 0.3 percent – they are responsible for 28 percent of CPU usage and 27 percent of network data.

“We recently discovered that a small percentage of advertisements use disproportionate device resources, such as batteries and network data, without the user knowing,” Vale wrote. “These advertisements (such as those that mine cryptocurrency, are poorly programmed, or not optimized for network use) can deplete battery life, saturate tense networks, and cost money.”

To limit practices, Chrome limits the resources that display ads can use before users interact with them. If the limit is reached, the ad frame will navigate to an error page telling the user that too much resources are being used.

To arrive at the ad deactivation threshold, Chrome developers measure a large sample of ads that Chrome users encounter. Ads that use more CPU resources or network data than 99.9 percent of all ads will be blocked. That means 4 megabytes of network data or 15 seconds of CPU usage in a period of 30 seconds or 60 seconds of total CPU usage.

Chrome developers plan to experiment with limits over the next few months and add them to a stable browser version at the end of August. The purpose of the delayed launch is to give ad makers and providers the time to put limits on their coding. Chrome users who want to activate the feature faster can activate the flag in chrome: // flags / # enable-heavy-ad-intervention.

Firefox last year added a mechanism to block cryptojacking. It works by blocking known cryptojacking domains. This protection is useful, but the whack-a-mole approach is problematic because the domain is trivial to change. Some antivirus providers have provided a means for users to get rid of advertisements involved in so-called cryptojacking or similar types of abuse. Now, Chrome users have the original way to do the same thing.

This story originally appeared on Ars Technica.


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