Faast to offer cross-platform swaps right from wallet app

Faast platform and app allow cross-platform swaps straight from the wallet app of hardware wallet, cutting off the middlemen and preserving users' anonymity
30 May 2018   1064

Not all the users have been happy with increasingly tight government regulations and Know-Your-Client policies on the exchanges. Not to mention the hassle of transferring the crypto to and from the exchange just to swap some coin for another to diversify the portfolio. Now a new application by the name Faast promises to allow users cross-chain swaps without leaving the secure environment of their wallet app or hardware wallet.

Faast is a new open-source application, published by the portfolio management platform with the same name. Right now the app is still in beta, but it shows a great promise because of the integration with popular wallet applications and two hardware wallet devices Ledger and Trezor.

Now the users won't have to go through the unneeded steps of transferring their crypto to the exchange to diversify their holdings. And let's not forget that it's not only a pain to do so, but also each transfer has the accompanying fee attached, and users have to give up their anonymity to register on the platform of their choice. Not to mention the possibility of losing the hard-earned crypto to another hack.

While all of the above warrants the attention by itself, one of the main advantages of Faast, compared to other services with the same functionality, is a wide variety of supported coins. Over 130 coins already have been added with more to come soon, if everything goes according to the plans laid out by the developers.

Removing the exchanges in their middlemen role is not only advantageous in terms of money saved on transfer fees, but also serves to further decentralize the cryptocurrency environment. While lots of traders are quite comfortable with the existing order of things, some users may find this a compelling notion.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.