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UK MPs advise treating investing in cryptocurrencies as a gamble

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The value of cryptocurrency can change at any time – state the MPs. Since the risk of losing your investment is quite high, you should treat investing in this type of currency like gambling. Now, when you are looking for new cryptocurrency exchanges, you can imagine that you are looking for new casinos at www.topcadcasinos.net. According to experts, the point is the same – you are investing money in a high-risk endeavor that could bankrupt you.

At the same time, the CryptoUK association rejected such conclusions, stating that such remarks are useless and false.

Lose everything

According to the committee, so-called “unsecured” crypto assets – cryptocurrency with no fixed value – are a huge risk for the novice investor. Such investments have no useful social purpose, and more resemble gambling rather than a financial service.

The MPs’ words were confirmed by representatives of the GamCare charity organization, who told the BBC about the appeals of more than 300 people. In their statements, they claimed to be experiencing difficulties with investing in cryptocurrency and other forms of online markets.

This is also noted by the investors themselves, who literally “burned through” on deposits in cryptocurrency. So, a former casino player Castle Craig, said that in the times of active investment in crypto lost more than 150 thousand pounds sterling.

What happens next

In February 2023, the government asked the public to comment on proposals for the financial regulation of cryptoassets. Such a need arose from the results of surveys that proved that about one in ten UK residents own crypto-assets. At the same time, the majority started investing in the currency only because such an investment seemed “fun”.

The committee recommended a balanced approach. At the same time, its representatives recommended that the government should not spend public resources on projects without a clear beneficial use, noting that there is no point in regulating such investments.

Federal Regulators needed for Crypto Oversight

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The cryptocurrency market is growing rapidly, with more than $2 trillion in total value and over 10,000 different tokens in circulation. However, this market is also largely unregulated, posing significant risks to investors, consumers, and the financial system. Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. They operate on decentralized networks of computers, without the need for intermediaries such as banks or governments. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Dogecoin.

While cryptocurrencies offer many potential benefits, such as faster, cheaper, and more inclusive payments, they also present many challenges and dangers. For example: Cryptocurrencies are highly volatile, subject to manipulation, fraud, and cyberattacks. Investors can lose their entire savings in a matter of minutes if the market crashes or their wallets are hacked.

Cryptocurrencies are often used for illicit activities, such as money laundering, tax evasion, and terrorism financing. Criminals can exploit the anonymity and global reach of cryptocurrencies to evade law enforcement and regulatory oversight. Cryptocurrencies can pose systemic risks to the financial stability and monetary policy of countries. If cryptocurrencies become widely adopted as a medium of exchange or store of value, they can undermine the effectiveness and authority of central banks and regulators.

These challenges and dangers call for a coordinated and comprehensive response from federal regulators. Currently, there is no clear or consistent framework for regulating cryptocurrencies in the United States. Different agencies have different definitions, jurisdictions, and approaches to cryptocurrencies, creating confusion and uncertainty for the industry and the public.

For instance, the Securities and Exchange Commission (SEC) considers some cryptocurrencies as securities, subject to its rules and enforcement actions. The Commodity Futures Trading Commission (CFTC) considers some cryptocurrencies as commodities, subject to its oversight and regulation. The Internal Revenue Service (IRS) considers cryptocurrencies as property, subject to taxation. The Financial Crimes Enforcement Network (FinCEN) considers cryptocurrencies as money, subject to anti-money laundering and counter-terrorism financing requirements. The Federal Trade Commission (FTC) considers cryptocurrencies as consumer products, subject to consumer protection laws.

However, these agencies often have overlapping or conflicting mandates, resulting in gaps or overlaps in regulation. Moreover, these agencies often lack the resources, expertise, or authority to effectively monitor and regulate the cryptocurrency market. For example, the SEC has limited jurisdiction over cryptocurrency exchanges, which are the main platforms for trading cryptocurrencies.

The CFTC has limited ability to prevent fraud and manipulation in the cryptocurrency derivatives market. The IRS has limited capacity to track and collect taxes from cryptocurrency transactions. The FinCEN has limited cooperation from foreign counterparts to combat cross-border illicit flows of cryptocurrencies. The FTC has limited tools to protect consumers from deceptive or unfair practices involving cryptocurrencies.

Therefore, there is an urgent need for a unified and consistent federal regulatory framework for cryptocurrencies. Such a framework should:

Define clear and consistent rules and standards for cryptocurrencies across different agencies and sectors.
Enhance coordination and cooperation among federal regulators and other stakeholders, such as state regulators, industry associations, and international partners.
Promote innovation and competition in the cryptocurrency market, while protecting investors, consumers, and the financial system from risks.
Foster transparency and accountability in the cryptocurrency market, while respecting privacy and security of users.
Support education and awareness among the public about the benefits and risks of cryptocurrencies.

A federal regulator for crypto oversight would address these issues by providing a single point of contact and authority for crypto regulation in the United States. A federal regulator would harmonize the definitions and classifications of crypto assets across different agencies and states and establish clear and consistent rules and standards for crypto businesses and users. A federal regulator would also coordinate with other countries and international organizations to ensure global alignment and cooperation on crypto regulation.

A federal regulator would enhance the protection of consumers, who would benefit from more transparency, accountability, and recourse in case of disputes or losses. A federal regulator would also ensure the stability of the financial system, by monitoring systemic risks posed by crypto assets and preventing market manipulation or abuse. Finally, a federal regulator would promote fair and efficient markets, by fostering innovation and competition in the crypto industry.

I believe that a federal regulator for crypto oversight is needed in the United States and around the globe to provide clarity, consistency, and certainty for the crypto industry and its stakeholders. A federal regulator would balance the interests of innovation and regulation, while protecting consumers, investors, and the public interest.

The Presales for 100x ROI: Thug Life Token Presale is Over—Can it Compete with DigiToads or Big Eyes Coin?

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It’s a new day, and a new meme coin ready to 100x. If you’re stomping your feet every time you miss when a meme coin shows up out of nowhere that skyrockets to the moon, then consider tracking meme coin presales—a period before meme coins are publicly traded. This allows early investors to support the project before launch and reap the biggest rewards.

The Thug Life (THUG) meme coin has officially launched after raising $750,000 in presales. The buzz around THUG is bullish, and to get the best indication of THUG’s potential to skyrocket, is to pit THUG against its meme coin competition that once had successful presales. 

SPONGE: The Previous Meme Coin Success Story

One of the key reasons investors are bullish on THUG stems from the meme coin’s creators’ past success with SPONGE, a meme coin based on SpongeBob SquarePants that soared 500% in 24 hours, shortly after its launch—leaving early investors with 100x returns.

Therefore, the creators have a track record of getting meme coins right, harbouring the cultural appeal and meme ability needed within the crypto space to go viral. THUG is set to follow in the footsteps of SPONGE, with the team confident it will surpass the success of SPONGE, thanks to the presale attention THUG has been receiving and garnering over 4,800 followers on Twitter.

With SPONGE’s buzz slowly dwindling out as crypto enthusiasts search for the next trendy meme coin to 100x, could THUG be positioned to skyrocket or will competition from DigiToads and Big Eyes Coin be too fierce?

How High Can DigiToads Go?

DigiToads (TOADS) has already raised over $2.6 million in its presale, surpassing THUG in presale buys. This achievement showcases the strong backing and investor interest in the DigiToads project. But DigiToads is more than just hype; it boasts solid fundamentals that include Play-to-Earn (P2E) and Stake-to-Earn (S2E) capabilities, providing tangible benefits to its community members.

Beyond that, DigiToads is gearing up to launch its metaverse known as ‘The Swamp’, offering users an immersive virtual space to explore, play, and earn rewards. The combination of P2E games, staking opportunities, and a promising metaverse makes DigiToads a contender in the meme coin space.

Big Eyes Coin: Unmatched Presale Success

Big Eyes Coin (BIG) also had an impressive presale, with significant investor interest driving its presale backing. Raising over a whopping $40 million, BIG’s presale success reflects its unique approach to meme coins. Led by its CEO, Ahmed Yalom, BIG stands apart from typical meme coins by providing a variety of use cases and community-driven initiatives.

The future looks even more promising for BIG as it prepares to launch 14 P2E games and over 1,000 casino games on August 29th, 2023. The casino games will offer an exciting and interactive experience for BIG holders, further enhancing the ecosystem and providing more ways to earn and enjoy the BIG tokens.

Also, there will be an NFT marketplace, and the NFT Sushi Crew—a virtual club for BIG NFT holders to own cute things, do fun activities, and contribute to charity initiatives. This community-oriented approach sets BIG apart from its competitors and fosters long-term loyalty among investors.

Thug Life Token or DigiToads and Big Eyes Coins?

While Thug Life Token enters the market with high hopes and a successful presale, it faces tough competition from established projects like DigiToads and Big Eyes Coin. DigiToads’ focus on P2E gaming, staking, and its upcoming metaverse makes it an attractive option for investors seeking a diverse range of opportunities.

On the other hand, Big Eyes Coin’s community-led ecosystem, NFT marketplace, and philanthropic initiatives add another layer of appeal. BIG allocates 5% of its total token supply to a charity wallet, which is then donated to ocean sanctuaries. The commitment to the environment and charitable causes showcases BIG’s vision of giving back and making a positive impact.

Ultimately, each meme coin has its unique strengths, and investors should carefully consider the fundamentals, community support, and long-term vision of each project before making their investment decisions.

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Is Uniswap a Good Buy? UniswapX Battles Pain Points As Avalanche And Signuptoken.com Witness Unprecedented Growth

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Innovation and growth are rippling across the crypto world; Recently, Uniswap (UNI), unleashed UniswapX, its latest weapon to optimize DeFi. This revolutionary protocol seeks to address and eradicate DeFi pain points. Thus, the renowned crypto exchange prompted discussion on whether Uniswap is a good buy.

In this article, we’ll discuss UniswapX, in addition to discussing Avalanche’s (AVAX) latest growth surge and Signuptoken.com (SIGN), a budding yet enticing project. So, stay tuned to learn more.

UniswapX: Does It Make Uniswap A Better Buy?

UniswapX emerges as the vanguard of innovation in the DeFi landscape, an audacious creation by the leading decentralized exchange Uniswap. This open-source protocol takes aim at alleviating persistent pain points that often plague DeFi enthusiasts. With liquidity source aggregation at its core, UniswapX sets out to redefine the experience of on-chain trading, promising seamless efficiency. Bid farewell to gas fees and the frustration of failed transactions; UniswapX seeks to liberate swappers from the complexities that hinder their progress.

The brilliance of UniswapX lies in its strategic outsourcing of routing complexities to a network of third-party fillers. This orchestration of transparency empowers users to navigate the Uniswap interface with confidence, without the burden of seeking the best prices themselves. As this groundbreaking protocol teases a cross-chain version, the DeFi world eagerly awaits, yearning for the next chapter in blockchain interoperability.

Avalanche: A Thriving Symphony Of Growth

Avalanche (AVAX) commands a breathtaking performance in blockchain growth, orchestrating soaring metrics like a symphony. Witnessing a surge of user activity, with daily average active addresses reaching an all-time high of 79,167, the C-Chain leads with a 162.2% QoQ increase in daily transactions driven by stablecoin liquidity and LayerZero integration.

Despite a decline in transactions across subnets, Avalanche’s revenue soars by 173.1% QoQ, reflecting increased user engagement and amplified transaction fees. The DeFi vertical witnesses a 9.7% TVL increase in AVAX, signalling fresh capital inflow. And with a 19.4% decline in TVL in USD, asset price allure gleams on the horizon.

Signuptoken.com: A Spark Of Promise In The DeFi Cosmos

Signuptoken.com (SIGN) emerges as a shimmering spark of growth potential in the DeFi cosmos, embracing an unconventional approach to community-building. With a presale and a no-cost email registration option, this enigmatic token entices crypto enthusiasts with its potential for profit. The ranks of eager subscribers have already swelled to an impressive 6000, hinting at an imminent eruption of interest. As the countdown to one million subscribers begins, the lucky subscribers will be treated with an email notification enabling them to buy the tokens before the public release.

But the incentives do not end there. Signuptoken.com unfolds yet another captivating

feature with its alluring referral program. Like a spiderweb, this ingenious feature weaves connections between users, rewarding them with lucrative commissions for successful invites. For trailblazers exploring uncharted territories, this program becomes a gateway of possibility, igniting dreams of a lucrative side income fueled by communal collaboration.

The DeFi industry is witnessing continuous innovation, exemplified by UniswapX’s game-changing protocol and the growth of Avalanche’s dynamic ecosystem. So, while Uniswap remains a good buy, Signuptoken.com stands out as a low-cost alternative with significant potential for long-term growth. With its presale and email registration options, it offers a unique opportunity for crypto and tech enthusiasts seeking new potential investments. Don’t miss out on the opportunity of a lifetime, Sign up and invest in Signuptoken.com today.

 

Signuptoken.com: Join The Millionaires’ Club!

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Aptos (APT) Price Prediction: Uwerx (WERX) Aims To Outperform Them In The Next Bull Cycle?

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Since the start of its presale, Uwerx has captured the attention of crypto experts and analysts. This has led traders to prefer the project over already launched cryptocurrencies like Aptos (APT) and Optimism (OP).

This article will explain why industry analysts are confident of Uwerx’s success in the coin market. But first, let us discuss the latest developments with Aptos (APT) and Optimism (OP).

Aptos (APT) Has Increased In The Last 24 Hours

Aptos (APT) increased by 3.17% in the last 24 hours. The project trades at $8.20 with a market cap of $1,640,163,362.

Aptos (APT) is popular for its high transaction throughput. The project can perform over 150,000 transactions per second. It achieves this by processing transactions simultaneously and validating them later.

On May 22, 2023, the project announced via Twitter that it had added new features to the Aptos version 1.3.2. These features include resource management qualities, low execution gas usage, improved Multisig design, and advanced math functions.

Analysts believe this upgrade could push Aptos (APT) to trade at $15.8 by the first quarter of next year.

Optimism (OP) Is Having A Good Week

Optimism (OP) has experienced bullish sentiments in the past seven days. It increased by 4.06%, leading holders to anticipate more price increases next week. The project trades at $1.45 with a market cap of $934,370,660

Optimism has significantly grown since it launched into the cryptocurrency market. The network gained popularity thanks to its speed, verifiability, transparency, and low cost. The project can process hundreds of transactions per second, making it a favorite among Ethereum (ETH) holders seeking a faster means of conducting transactions.

The network recently launched Magic Mirror, a new feature that enables users to trade and post Optimism (OP) NFTs on different exchanges and platforms without needing Ethereum (ETH).

While investors await Optimism’s (OP) mainnet upgrade to Bedrock by June 6, analysts predict the project will reach $2.49 by the second quarter of 2024.

Uwerx (WERX) Is Surpassing All Predictions

Uwerx has sold out each presale stage faster than traders anticipated. Within a month, the project sold over 200 million tokens, prompting its developers to increase the presale token allocation to 57% (427.5 million WERX tokens) of the total 750 million token supply. The team also raised the project’s launch price to $0.095 – $0.115, reducing the founding team’s allocation to 7%.

Uwerx’s presale success astonished early investors and developers. It also translated to many users joining the platform. Uwerx currently boasts of over 5,546 signups, 1,620 Twitter followers, and 1,685 Telegram members.

While Uwerx developers are amazed at the presale success, it was only possible with their agile methodology. This method allowed them to release Uwerx in stages and make improvements with time.

The value of the WERX token has risen from the starting price of $0.005 to the current price of $0.05245at this fifth presale stage. Uwerx currently offers a 15% purchase bonus, a win for investors. Additionally, the Uwerx team has announced their intentions to introduce referral bonuses, which should attract new traders to the platform.

To make it easier for users to appreciate the wonders of Uwerx, the team released the Alpha version of the Uwerx platform. This version currently has a Landing page, Signup page, Login/Sign In page, Forgot Password, Freelancer or Client Initiation page, Initial Step of Job Creation, and Initial Step Of Finding Talent pages. It also features a My Activity Page, Hiring Dashboard, and Job Creation Process pages.

Uwerx will transition to the Beta version of the platform soon so that users can start testing it. The team also expects users to send feedback to the Uwerx team’s dedicated email address, feedback@uwerx.network.

To give users an additional way to make money from the platform, Uwerx introduced the Uwerx Vault, a feature that enables users to save their tokens and earn rewards.

Before the presale, the Uwerx team had demonstrated its commitment to protecting its investors’ funds by getting audit approvals from SolidProof and InterFi Network.

The team also relinquished smart contract ownership of Uwerx, which will start once Uwerx lists on centralized exchanges. Additionally, on June 7, 2023, the Uwerx team started a 25-year liquidity lock on their tokens after 82.8% of respondents wanted it to happen immediately.

The team has also decided on a test airdrop after 98.2% of respondents voted in favor of it in another poll. They believe the airdrop will enable users to confirm their Receiving Wallet addresses.

Fiverr found that 78% of companies said they would rely on freelancing in 2023. This suggests that freelancing is going to be a major market soon.

Analysts believe that Uwerx’s features can lead the project to outperform Aptos (APT) and Optimism (OP) in the next bull cycle. They predict Uwerx’s value will reach $2.8 by the end of the year. Based on this prediction, we believe that this ongoing presale presents the perfect time to invest in Uwerx.

So, click the links below to learn more about Uwerx and enjoy the 15% purchase bonus:

 

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network