Month: December 2021

Developing an ecosystem requires excellent collaboration and partnerships.

According to 123swap, the collaboration with the particular project helps the ecosystem’s growth and facilitates crypto adoption.

The objective of the 123swap is to reintroduce the core concepts of cross-chain, to understand the latest breakthroughs, and to collaborate with the best and most reliable cross-chain approach.

The 123swap platform leverages smart contracts to automate and speed up the swap process. The platform utilizes its smart contracts to facilitate distributed finance management. Critical Solutions has an easy-to-use and straightforward interface, a non-volatile rate during transactions, no hidden fees, a wide range of assets, security, and cross-chain one-window platforms.

Main Goal of 123swap

Through cross-chain intelligent contracts, intelligent and autonomous financial management can be realized in one place. 123swap has invented a technology that will help you overcome competition and become the fastest and best swap platform in the world.

What is Avalanche?

Avalanche is a layer-one blockchain that is the foundation for decentralized apps and custom blockchain networks. It is one of Ethereum’s rivals and aims to defeat Ethereum as the most popular blockchain in smart contracts. We’re trying to do this by outputting up to 6,500 transactions per second while maintaining scalability.

Unique Architecture

The Avalanche network consists of three blockchains: X-Chain, C-Chain, and P-Chain. Each chain performs a specific function and is significantly different from the approach used by Bitcoin and Ethereum, where all nodes must verify all transactions. Avalanche’s blockchain utilizes various consensus technologies depending on the use case.

Avalanche has been working to establish its ecosystem with DApps and DeFi since deploying in 2020. Avalanche is integrated with multiple Ethereum-based projects such as SushiSwap and TrueUSD. In addition, the platform continues to attempt to improve interoperability between its ecosystem and Ethereum through the installation of bridges, etc.

Why is it unique?

Avalanche is trying to solve the trilemma of blockchain. The trilemma is that the blockchain is too large to achieve sufficient decentralization. As a result, high gas rates are becoming common in Ethereum.

• To solve this problem, Avalanche has created three interoperable blockchains.
• Exchange Chain (X-Chain) is used to generate and exchange native AVAX tokens and other assets. These tokens adhere to a set of established standards, like the Ethereum ERC-20 standard. It adopts the Avalanche consensus technology.
• Contract Chain (C-Chain) is a platform for smart contracts and decentralized applications. It has its avalanche virtual machine, comparable to Ethereum’s virtual machine, and can develop DApps for EVM. We also use the Snowman consensus process.
• Platform Chain (P-Chain) organizes network validators, monitors current subnets, and allows the creation of new subnets. A subnet is a collection of validators, similar to a Validator cartel. Each subnet can validate multiple blockchains simultaneously, but only one subnet can validate a single Blockchain. In addition, the Snowman consensus system is adopted.

Verdict

Cryptocurrencies that include Abbas are speculative, complex, and carry significant risks – highly volatile and susceptible to secondary activity. Performance is unpredictable, and AVAX’s past performance does not guarantee future performance.

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https://exchange.123swap.finance/

 

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123 swap. What’s possible with Avalanche?

A Singapore-based crypto exchange has scored one of the biggest naming rights deals in sports history with the Staples Center in Los Angeles.

The multi-purpose, 20,000-seat venue will be renamed Crypto.com Arena after the trading platform on Christmas Day, according to a Tuesday’s press release.

Crypto.com bought the naming rights to the arena from multinational sports and live entertainment company AEG for 20 years, the Los Angeles Times wrote, citing sources familiar with the matter.

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The deal was reportedly worth $700 million, making it one of the biggest naming rights deals in sports history, beating the LA Clippers’ $500 million deal on the Intuit Dome, and SoFi Stadium’s deal, reportedly worth more than $600 million.

The new branding is set to be revealed on December 25, the date of the NBA’s annual Christmas game, when the Los Angeles Lakers will host the Brooklyn Nets.

All current Staples Center insignias will be removed and changed to the new name by June 2022.

Under the terms of the deal, Crypto.com also becomes an official partner of the NBA’s Lakers, and the NHL’s LA Kings.

Crypto.com is not a newcomer to the world of sports; it has signed a number of deals this year – with Formula One and the UFC, among others. 

The Staples Center, however, is a prized addition, having hosted 19 Grammy Awards ceremonies, countless major sporting events, concerts, and public events, including memorial ceremonies for Michael Jackson and Kobe Bryant. 

The arena has been in operation since 1999, bearing the name of Staples Inc., a major office supplies and retail company. 

For more stories on economy & finance visit RT’s business section

WHISKEY CREEK, FL – On Sunday, December 12, 2021, Lee County deputies responded to Whiskey Creek Drive in reference to a battery. Upon arrival, deputies learned the victim was walking her dog when a white sedan drove past her firing an Airsoft gun, striking her multiple times with pellets. The victim suffered minor injuries and did not require medical attention. According to authorities, the gun used was called a Gel Blaster, which its manufacturer describes as shooting non-toxic, eco-friendly, biodegradable water-hydrated balls.

In an attempt to identify the suspects, Crime Stoppers disseminated information while detectives conducted their investigation. Deputies received tips on the names of the suspects and responded to Cypress Lake High School. When an administrative search was performed on one of the suspect’s vehicles, brass knuckles with a folding knife, a vape pen, and a plastic gun that shot small round gel pellets was located. 

“Thanks to the relationship between our deputies and the community, these two criminals were quickly identified and taken off the streets of Lee County,” stated Sheriff Carmine Marceno. “Even Airsoft guns can be dangerous, especially when used to intentionally hurt others. This kind of violent behavior will not be tolerated.”

Tanner Fox, 17, was charged with possession of a weapon on school grounds, which is a felony, as well as other misdemeanor charges. While being apprehended for the Whiskey Creek battery, the second suspect struck a deputy in the face and fled on foot. Deputies quickly gained control of the suspect and took him into custody. Ziyantee Bragg, also 17, was arrested and charged with battery on a law enforcement officer and resisting an officer with violence, both felony charges. Fox and Bragg were also charged with battery for their involvement in the Whiskey Creek incident.

DENVER, CO – A recent surge in demand for mortgage refinances due to interest rates that had dropped to historically-low levels due to an initial scare caused by the COVID-19 Omicrom variant caused borrowers to rush to lenders in droves. However, those interest rates – along with the stock market – have resumed their climb after approximately a four day lull, and are currently see-sawing, indicating that if borrowers want to, in fact, borrow… the time to do so is now before rates jump again.

The swings in mortgage interest rates in recent days have resulted in the average contract rate for a 30-year fixed rate mortgage with conforming loan balances of up to $548,250 or less to hang on currently at 3.30 percent, with points remaining at 0.39, including the origination fee when it comes to loans with a 20 percent down payment.

The amount of applications submitted for home refinancing loans dropped 6% this week, and represented a decrease of 41% from the same period in time one year prior; in 2020, interest rates were approximately 45 basis points lower. As a result, experts say, fewer homeowners have as strong of an incentive to refinance, given the current rates.

About one-third of borrowers have been refinancing loans with interest rates lower than 3%, reports say, with a larger number having rates between 3 and 3.5%; on average, in order to make home loan refinancing worth the cost, borrowers need to cut approximately 50 basis points off of the rate they currently have.

Week to week, mortgage applications in order to purchase a home jumped only 1% week to week, which represents a 9% decrease over the same period of time in 2020. Housing supply nationwide is currently low and prices continue to drive upward, but regardless demand continues. However, it remains to be seen if that trend continues if the degree that both mortgage rates and home prices are increasing do not abate at some point, especially when you take into consideration the limited resources that first-time homebuyers typically have at their disposal.

As of Wednesday, mortgage rates have remained stable and steady, but this afternoon the Federal Reserve is set to make an announcement on monetary policy, which can be the catalyst for significant change when it comes to home loan rates. Mortgage rates don’t normally align with the fed funds rate, but they can indeed be heavily influenced by the government’s purchases of bonds that are backed by mortgages. Support for those bonds in the midst of the COVID-19 pandemic caused several periods of historically-low mortgage interest rates that, in turn, spiked a rash of home purchases across the nation. However, experts anticipate that will not be the case as of this upcoming announcement.

Coming up! The Federal Reserve is expected to set the stage for the first interest rate hike next year. https://t.co/zkT57o6ZsE

— Jessica Dickler (@jdickler) December 15, 2021

Instead, experts foresee an announcement that will signal an immediate wind-down of the Fed’s bond-buying programs. Whatever the announced end-date will be for bond-buying will likely signify the frame of time in which the Fed is anticipating increasing rates for the first time since slashing them to zero when the pandemic first started.

From that point, interest rates will only go up, so if you’re thinking about getting a mortgage for a home purchase or to refinance an existing loan, it’s probably better to do so sooner rather than later.

CHICAGO, IL – The ever-increasing crime and violence in Chicago continue to claim victims as a Christmas tragedy unfolded over the weekend, when a daughter who was helping her father hand up holiday decorations was instead forced to watch him beaten to death in a senseless attack.

The attack happened about 6:30 p.m. Saturday in the 3500 block of West 58th Street, when Jose Tellez – an immigrant who had reportedly come to America to better provide for his family – was attacked by two unidentified individuals while hanging up Christmas lights with his daughter.

Chicago dad, Jose Tellez, is beaten to death outside of his home. He was hanging Christmas decorations.

Crime is soaring because it’s not being punished, and elected Democrats are still lying about it. https://t.co/2UnSDEwhtp

— Bart Marcois (@bmarcois) December 14, 2021

A neighbor, who preferred to remain anonymous, said that she heard Tellez’s daughter scream, rushed to the scene of the attack, where she discovered the victim lying on the ground, bleeding profusely from the head.

“My dad, my dad, he’s hurt,” the neighbor said. “I told [the daughter] to get a blanket to put on his head. There was a lot of blood.”

Tellez, who was married with three children, was rushed to Christ Medical Center, where he died at 10:32 p.m., according to the Cook County medical examiner’s office.

Chicago police have not yet released descriptions of the two assailants, stating only that they were identified as two males; a motive for the attack is currently unknown, but the victim was reportedly not robbed, and had been beaten with blunt objects.

The anonymous neighbor who responded to the attack stated that Tellez “was a good man who mostly kept to himself,” and that she “couldn’t imagine anyone wanting to hurt him.”

Another neighbor, Silverio Nodal, said that he had known Tellez for a decade and said that he was an avid gardener who worked as a landscaper, and was “a family man, a hard-working guy.”

“He came here to provide the best for his family, you know as all of us do, the American dream,” Nodal said. “But this is not the American dream.”

A GoFundMe page has been established to assist the Tellez family with funeral expenses; to date, it has raised over $46,000, far exceeding its original $10,000 goal.