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Coinbase Adds First Token from a Cross-chain Project: SWFTC



Years of work finally pay off for innovative team working toward omni-chain Web3 since 2017

Silicon Valley, California–(Newsfile Corp. – July 28, 2022) – SWFT, the native token of SWFT Blockchain, has just become the first token from a cross-chain project to be listed on Coinbase, a notable achievement for the dedicated team. The company has an established track record with millions of users worldwide, over 90,000 direct trading pairs, and numerous awards in recent months.

SWFT Blockchain features one of the most extensive networks of direct cross-chain swaps and is constantly aggregating more tokens. Additionally, SWFT has been operational for more than five years without a single known security breach, establishing its reputation for both viability and security.

“We’ve been operating for about five years,” the SWFT Team said, “but we have never lost assets for our customers.” That is an impressive record in an industry struggling with safety and consumer confidence issues.

About SWFT Blockchain

Founded in 2017, SWFT Blockchain is a next-generation, worldwide cross-chain swap protocol and payment network. SWFT’s technology combines blockchain, machine learning, and big data to enable direct swaps with currently more than 300 cryptocurrencies. Their transfer protocol allows users to swap cryptocurrencies at the best rates, in record speeds, and with low fees.

SWFT Blockchain is currently the go-to protocol for cross-chain swaps between DeFi and CeFi currencies, stablecoins, and more. SWFT Blockchain has received funding from top VCs, including Draper Dragon and was in the first-ever batch of the Berkeley Blockchain Xcelerator. In keeping with its mission to make smart worldwide financial transfers simpler, faster and safer, SWFT Blockchain also partners with wallets and other digital asset platforms to integrate its services and help its users out with their swap needs.

Since 2017, SWFT Blockchain has constantly been at the frontier of the cryptocurrency space whether that is with new innovations or careful adjustments to meet demanding regulations. They are still working on multiple initiatives including improving the efficiency of current systems, integrating new blockchains, improving the user experience, and innovating creative ways to integrate new markets like NFTs and GameFi.

Creating Freedom by Connecting Frontiers

If users can’t easily leave an ecosystem, the SWFT team believes, the balance of power shifts from individuals toward platforms that can rely on a network effect rather than on innovation to retain users. Freedom of movement is critical in crypto.

To support its mission, SWFT has developed multiple applications, including a mobile app, a decentralized cross-chain platform called Bridgers, an NFT aggregator, and Allchain Bridge, its extensive network of aggregated platforms. All of these applications can be found at

Through Allchain Bridge, SWFT Blockchain has connected dozens of exchange platforms and DEXs, and integrated them with many of the most common wallet services, including Metamask, Bitkeep, Token Pocket, Coinbase Wallet, and Tronlink.

Getting listed on Coinbase, especially as the first cross-chain protocol to get a coin listing, is a major milestone for the team. “Our team has worked towards this for years,” said a SWFT team member. “We’re proud that we serve people worldwide. We’re excited because getting listed will help us continue to grow and serve those who need it most.”

The Future of SWFT

SWFT is looking forward to navigating the turbulent markets with a build-first mentality. The project is poised for growth and is looking to make inroads in developing nations worldwide. Because of its broad reach, SWFT functions as a payment network which the team hopes will be especially useful to the unbanked or underbanked.

In the immediate future, SWFT plans to continue to add chains and tokens to its aggregated list, cementing it as the go-to protocol for cross-chain swaps. Its achievement of being the first cross-chain protocol to get a coin listed on Coinbase will be a badge it can wear proudly as it works towards that goal.


Media Contact:
William Landers
[email protected]

To view the source version of this press release, please visit


Expressions of Interest for Director of the European Bank for Reconstruction and Development




The Minister for Finance, Michael McGrath, is inviting Expressions of Interest from suitably qualified candidates to be considered as Ireland’s Director of the London-based European Bank for Reconstruction and Development (EBRD). The remunerated position of Director is an important post with a demanding workload. A full-time residential position, it is based at Bank headquarters in London.

The Minister’s nominee is expected to be appointed by the EBRD, with the agreement of Ireland’s Constituency partner countries, for a three-year term from 1 August 2024.

Minister McGrath commented:

“This is an exciting opportunity to represent Ireland (and our Constituency partners Denmark, Lithuania and Kosovo) as a Director on the Board of the European Bank for Reconstruction and Development overseeing the policy-making and governance of the Bank. The EBRD is a unique International Financial Institution supporting projects across three continents. By investing in projects which otherwise would not be fully met by the market, the EBRD promotes entrepreneurship and fosters transition towards open and sustainable market economies. I am keen to ensure our Irish representative has the ability, education, vision, and experience to make a significant contribution to the Board and brings a range of skills and diverse perspective to the deliberations of the Board.

My nominee will need high competence in economic and financial matters. Expertise can come from notable or significant achievements in the corporate or financial sector, academia, policy-focused institutions, or public service. Importantly, they will have the highest ethical standards, a strong sense of professionalism and commitment, and dedication to serving the interests of all the shareholders and be able to make themself readily available to the Board in the fulfilment of their duties.”

Expressions of interest will be accepted up to 3pm on 27th March 2024

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Council adopts regulation on instant payments





The Council adopted today a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving the possibilities to mobilize cash-flows will bring benefits for citizens and companies and allow for innovative added value services.

The instant payments regulation will allow people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another EU member state. The regulation takes into consideration particularities of non-euro area entities.

Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. The charges that apply (if any) must not be higher than the charges that apply for standard credit transfers.

The new rules will come into force after a transition period that will be faster in the euro area and longer in the non-euro area, that needs more time to adjust.

The regulation grants access for payment and e-money institutions (PIEMIs) to payment systems, by changing the settlement finality Directive (SFD). As a result, these entities will be covered by the obligation to offer the service of sending and receiving instant credit transfers, after a transitional period. The regulation includes appropriate safeguards to ensure that the access of PIEMIs to payment systems doesn’t carry additional risk to the system.

Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

The regulation includes a review clause with a requirement for the Commission to present a report containing an evaluation of the development of credit charges.


This initiative comes in the context of the completion of the capital markets union. The capital markets union is the EU’s initiative to create a truly single market for capital across the EU. It aims to get investment and savings flowing across all member states for the benefit of citizens, businesses, and investors.

On 26 October 2022 the Commission put forward a proposal on instant payments that amends and modernises the single euro payments area (SEPA) regulation of 2012 on standard credit transfers in euro by adding to it specific provisions for instant credit transfers in euro.

Source: European Council

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FCA highlights need for enhanced competition in wholesale data markets





The FCA has unveiled the outcomes of its in-depth study into the wholesale data market, focusing on the sectors of credit ratings data, benchmarks, and market data vendor services.

Despite deciding against major regulatory actions due to the risk of unintended consequences that could affect the data’s availability and quality—a crucial resource for global investors—the FCA has pinpointed several areas where competition could be significantly improved.

The study’s revelations indicate that the current state of competition in these markets may lead to users incurring higher costs for data than would be the case in a more competitive environment. This concern is particularly pressing given the critical role that such data plays in supporting effective investment decisions across the financial sector.

In a move to address these findings, the FCA has proposed initiatives aimed at ensuring wholesale data is distributed under fair, reasonable, and transparent conditions. This approach forms a part of the regulator’s broader strategy to ‘repeal and replace’ assimilated EU law, reinforcing the UK’s status as a premier global financial hub fostering investment, innovation, and sustainable growth.

Sheldon Mills, the FCA’s Executive Director of Consumers and Competition, emphasised the importance of quality and accessible wholesale data for the efficiency of financial markets. “The quality and availability of wholesale data is integral to well-functioning wholesale financial markets,” Mills stated. He further clarified, “Our market study found that firms can access the data they need to make effective investment decisions. We do not believe the case has been made for significant interventions. However, we will examine ways to help support wholesale data being provided on fair, reasonable and transparent terms.”

In its commitment to fostering a competitive and fair marketplace, the FCA will continue to scrutinize allegations of anti-competitive behavior across all markets, including wholesale data markets, leveraging its powers under the Competition Act to address any such issues.

Source: Fintech Global


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