US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system.
"The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets," says the FSOC.
In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets.
Regarding stablecoins, the FSOC said consumer confidence could be undermined by factors such as illiquidity, lack of appropriate safeguards, opacity regarding redemption rights and cyber attacks. "A run on stablecoins during strained market conditions may have the potential to amplify a shock to the economy and the financial system," the report said.
The report also alerted to developments in decentralized finance, or DeFi, where the use of high leverage could trigger a fire sale when the price of the underlying asset declines. This would result in a cycle of margin calls and further price declines. In addition, the report outlined that "users of these services face the risk of loss due to market value fluctuations, operational issues and cybersecurity threats, among other risks." In the report's recommendations, the FSOC calls for a unified effort between federal and state authorities to enact legislation on stablecoins and digital currencies.
Despite concerns surrounding the much-unregulated nature of the crypto industry, the report highlighted their innovative potential:
"The development of digital assets and the use of associated distributed ledger technology may present the opportunity to promote innovation and further modernization of financial infrastructure. Regulatory attention and coordination are critically important in light of the quickly evolving market for digital assets."
"The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets," says the FSOC.
In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets.
Regarding stablecoins, the FSOC said consumer confidence could be undermined by factors such as illiquidity, lack of appropriate safeguards, opacity regarding redemption rights and cyber attacks. "A run on stablecoins during strained market conditions may have the potential to amplify a shock to the economy and the financial system," the report said.
The report also alerted to developments in decentralized finance, or DeFi, where the use of high leverage could trigger a fire sale when the price of the underlying asset declines. This would result in a cycle of margin calls and further price declines. In addition, the report outlined that "users of these services face the risk of loss due to market value fluctuations, operational issues and cybersecurity threats, among other risks." In the report's recommendations, the FSOC calls for a unified effort between federal and state authorities to enact legislation on stablecoins and digital currencies.
Despite concerns surrounding the much-unregulated nature of the crypto industry, the report highlighted their innovative potential:
"The development of digital assets and the use of associated distributed ledger technology may present the opportunity to promote innovation and further modernization of financial infrastructure. Regulatory attention and coordination are critically important in light of the quickly evolving market for digital assets."
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🔥 Big Time SPACE NFT Sale 🔥
🕓 Tuesday Dec 21, 5pm EST / 10:00 PM UTC
👉 Pre-register and deposit funds HERE
Big Time is a AAA play to earn multiplayer action RPG where you team up with friends to adventure across time and space collecting NFTs and tokens!
💎 Founded by Ari Meilich, the founder of Decentraland.
💎 All-Star team of game industry veterans from Fornite, World of Warcraft, League of Legends, and God of War.
SPACE prices and rarities here: https://bit.ly/30KdJEF
👉 Enter our SPACE NFT Twitter Giveaway
❗️Don’t miss out! Get your SPACE NOW 👉 Here❗️
🕓 Tuesday Dec 21, 5pm EST / 10:00 PM UTC
👉 Pre-register and deposit funds HERE
Big Time is a AAA play to earn multiplayer action RPG where you team up with friends to adventure across time and space collecting NFTs and tokens!
💎 Founded by Ari Meilich, the founder of Decentraland.
💎 All-Star team of game industry veterans from Fornite, World of Warcraft, League of Legends, and God of War.
SPACE prices and rarities here: https://bit.ly/30KdJEF
👉 Enter our SPACE NFT Twitter Giveaway
❗️Don’t miss out! Get your SPACE NOW 👉 Here❗️
How much time does it take to implement one transaction across different blockchains? Sometimes it may take up to 20 minutes, since it requires using numerous bridges, implementing several swaps and paying multiple fees. But now, you can transfer your assets between several blockchains in one click and with the best rates - on Rubic! It’s a Multi-Chain Swap Protocol, with 10,000+ assets to swap between 7 blockchains.
Rubic has been on the market for more than one year, and the project itself earned trust among the crypto community. The long-awaited $RBC staking with an APY of about 80% is coming on December 23rd. The rewards come from the commissions of Multi-Chain trading: for every Multi-Chain Swap, a 0.6% fee is charged by Rubic, and 0.5% of that is distributed to your share of staking.
The max deposit amount for a single staking user is 100k RBC, while the max depositable amount for the entire campaign itself is 7M RBC total.
Join the Rubic TG group to follow updates on Staking, and to be among the first to hear the latest news!
And here is the Rubic announcement channel.
Rubic has been on the market for more than one year, and the project itself earned trust among the crypto community. The long-awaited $RBC staking with an APY of about 80% is coming on December 23rd. The rewards come from the commissions of Multi-Chain trading: for every Multi-Chain Swap, a 0.6% fee is charged by Rubic, and 0.5% of that is distributed to your share of staking.
The max deposit amount for a single staking user is 100k RBC, while the max depositable amount for the entire campaign itself is 7M RBC total.
Join the Rubic TG group to follow updates on Staking, and to be among the first to hear the latest news!
And here is the Rubic announcement channel.
@babiesofgods (BOG) is building a strong community and we are looking to expand even further. Their team is mentored by the artist who has worked with Disney, including an executive member with Netflix experience.🔥
Join discord ➡️ https://discord.gg/eDgbGMAaY3
BOG holders will be immensely rewarded 💰with many giveaways every day.
🚀 BOG is rewarding $500k in ETH to BOG NFT holders.
🚀 BOG is all set for Education University in the Metaverse.
🚀 BOG will fund your startup ideas, giving wings to your dreams.
🚀 BOG will grow up into stunning and supreme 3D versions in the second phase of the project, thus unleashing terrific and gigantic utility options for bog holders.
🚀 A special reward related to Space will be unlocked once BOG reaches 100k Discord members.
Join our discord to join our whitelist before it runs out ➡️ https://discord.gg/eDgbGMAaY3
Join discord ➡️ https://discord.gg/eDgbGMAaY3
BOG holders will be immensely rewarded 💰with many giveaways every day.
🚀 BOG is rewarding $500k in ETH to BOG NFT holders.
🚀 BOG is all set for Education University in the Metaverse.
🚀 BOG will fund your startup ideas, giving wings to your dreams.
🚀 BOG will grow up into stunning and supreme 3D versions in the second phase of the project, thus unleashing terrific and gigantic utility options for bog holders.
🚀 A special reward related to Space will be unlocked once BOG reaches 100k Discord members.
Join our discord to join our whitelist before it runs out ➡️ https://discord.gg/eDgbGMAaY3
Discord
Join the Babies OF Gods Discord Server!
Check out the Babies OF Gods community on Discord - hang out with 10976 other members and enjoy free voice and text chat.
🎁 Daamn ! 51 600$ GIVEAWAY
🎅 We will offer 860$ / day to 10 persons during the 6 days.
❤️ Thanks to our best community
💎 300k $ Marketing not started yet so u are very early
Rules 🔒 :
- Join our discord : https://discord.gg/Sm8CT8wxPC
- Check 8600-per-day channel
📣 Let’s go make some noise
🎅 We will offer 860$ / day to 10 persons during the 6 days.
❤️ Thanks to our best community
💎 300k $ Marketing not started yet so u are very early
Rules 🔒 :
- Join our discord : https://discord.gg/Sm8CT8wxPC
- Check 8600-per-day channel
📣 Let’s go make some noise
🧨 THE BIGGEST BUSINESS COMMUNITY:
Thehustlers of wallstreet is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing our collection of NFT you will gain lifetime access to international holder events. 🎫
🌟 | VIP ACCESS:
Every holder will gain access to the hottest events.
You can access to the trendiest designer events, music 🎵 festivals, Metaverse lands, etc.
💎 | LUXURY CONCIERGE:
Get private access to anything you ever wanted all over the world 🗺 , Private Jet 🛩 , Private Parties 🎉 , Private Yachts 🛥 , Event tickets, etc.
💰 | BIG MONEY REWARDS:
Some holders will receive passive income FOREVER. More will be revealed soon.
If you want to know everything about the road map…
👉🏼 JOIN US NOW on our Discord to enjoy several exclusive prizes every day. 👀
Thehustlers of wallstreet is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing our collection of NFT you will gain lifetime access to international holder events. 🎫
🌟 | VIP ACCESS:
Every holder will gain access to the hottest events.
You can access to the trendiest designer events, music 🎵 festivals, Metaverse lands, etc.
💎 | LUXURY CONCIERGE:
Get private access to anything you ever wanted all over the world 🗺 , Private Jet 🛩 , Private Parties 🎉 , Private Yachts 🛥 , Event tickets, etc.
💰 | BIG MONEY REWARDS:
Some holders will receive passive income FOREVER. More will be revealed soon.
If you want to know everything about the road map…
👉🏼 JOIN US NOW on our Discord to enjoy several exclusive prizes every day. 👀
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VICTORIA VR - $VR (ERC20)
Imagine a Virtual Reality world where anything is possible.
Victoria VR is the first Blockchain-based multiplayer online role-playing game in Virtual Reality with Realistic Graphics built on Unreal Engine.
They have just launched the VR Lands, which will be registered on the blockchain as NFT’s 🚀
There are 5 elements of VR Land owners can acquire. Earth, Fire, Wood, Metal and Water!
$VR GROWTH: Launched on 2nd December, achieved a Market Cap of 320M in 3 weeks and already got listed on KuCoin which achieved 100M in trading volume within the first 24 hours ⚠️
You will only be able to get the VR Land if you are Whitelisted! It finishes in 7 DAYS (31st) 👀
To find out how, join the Official VR telegram: https://t.me/victoriavrgroup (50K members and growing!)👈🏻
Imagine a Virtual Reality world where anything is possible.
Victoria VR is the first Blockchain-based multiplayer online role-playing game in Virtual Reality with Realistic Graphics built on Unreal Engine.
They have just launched the VR Lands, which will be registered on the blockchain as NFT’s 🚀
There are 5 elements of VR Land owners can acquire. Earth, Fire, Wood, Metal and Water!
$VR GROWTH: Launched on 2nd December, achieved a Market Cap of 320M in 3 weeks and already got listed on KuCoin which achieved 100M in trading volume within the first 24 hours ⚠️
You will only be able to get the VR Land if you are Whitelisted! It finishes in 7 DAYS (31st) 👀
To find out how, join the Official VR telegram: https://t.me/victoriavrgroup (50K members and growing!)👈🏻
BHO MAINNET 1.0 LAUNCH - BECOMES A COINBASE ON BHC-20, on December 30, 2021 at 2 PM UTC
🤟 After just over 3 months of listing, Mainnet 1.0 is considered an important milestone not only for the project team, but also for all investors who have always believed and supported the project from the very beginning.
⚡️BHO officially holds Mainnet 1.0 launch event on December 30, 2021
⚡️After the Mainnet is completed, BHO will officially become a coinbase and will in turn launch products in 2022:
- Launchpad
- Wallet
- NFT Marketplace
- DEX
🎁 And a chance to participate in Lucky Draw & Special Airdrop with total gift value up to 100,000 BHO plus BHO T-shirts.
🔥JOIN NOW!
🌍Official Channels
Website | Telegram | Twitter
🤟 After just over 3 months of listing, Mainnet 1.0 is considered an important milestone not only for the project team, but also for all investors who have always believed and supported the project from the very beginning.
⚡️BHO officially holds Mainnet 1.0 launch event on December 30, 2021
⚡️After the Mainnet is completed, BHO will officially become a coinbase and will in turn launch products in 2022:
- Launchpad
- Wallet
- NFT Marketplace
- DEX
🎁 And a chance to participate in Lucky Draw & Special Airdrop with total gift value up to 100,000 BHO plus BHO T-shirts.
🔥JOIN NOW!
🌍Official Channels
Website | Telegram | Twitter
Facebook
BHO MAINNET 1.0 LAUNCH EVENT
Networking event in Ho Chi Minh City, Vietnam by BHO Network on Thursday, December 30 2021 with 625 people interested and 442 people going.
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🚀The Basketball universe has arrived on NTF Gaming experience.
💸Take a part in the journey of a Basketball team Manager. Train your athletes from amateur to professional.
🏀Meet the project Basketball Legends
🎉The BBL token was launched in 12/23 and it already reached more than 3000 holders.
👾The game will arrive for EARLY ACCESS on January 3rd 2022.
👥Join the community now and don't miss the Game Launch!
⛹️♂️BBL TOKEN departure to the MOON is scheduled, make sure you don't miss it!
📖LEARN MORE:
🌐 playbasketballlegends.com
📣 https://t.me/basketballlegends_eng
BSCScan: https://bscscan.com/address/0x8800e9902879ac7fb9823086d1749030c9a5eb91#code
CONTRACT: 0x8800E9902879AC7fB9823086d1749030C9a5EB91
💸Take a part in the journey of a Basketball team Manager. Train your athletes from amateur to professional.
🏀Meet the project Basketball Legends
🎉The BBL token was launched in 12/23 and it already reached more than 3000 holders.
👾The game will arrive for EARLY ACCESS on January 3rd 2022.
👥Join the community now and don't miss the Game Launch!
⛹️♂️BBL TOKEN departure to the MOON is scheduled, make sure you don't miss it!
📖LEARN MORE:
🌐 playbasketballlegends.com
📣 https://t.me/basketballlegends_eng
BSCScan: https://bscscan.com/address/0x8800e9902879ac7fb9823086d1749030c9a5eb91#code
CONTRACT: 0x8800E9902879AC7fB9823086d1749030C9a5EB91
‘The only thing holding us back is us,’ says Charles Hoskinson on DeFi's future.
In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry.
The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021.
While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry.
According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there needs to be more long-term vision among developers and creators:
“It’s very hard to do this kind of engineering and to do it right, with an eye and foresight for the future. Unfortunately, many of the projects in this space will not stand the test of time. It’s just a fact that we will see a great extinction occur in the next five to 10 years.”
Although he believes that 2022 will be “a big year” for both the industry and Cardano, there is “still so much to do,” particularly when it comes to certification standards, the production quality of DApps and security. He noted that almost $10.5 billion have been lost to hacks, scams and theft in the sector in 2021 alone.
Despite considering the crypto community to be “the weavers of the genetics of finance and of the destiny of humanity’s financial operating system for the 21st century,” Hoskinson claims that the “only thing that holds us back is us. If we fight each other, demean and attack each other, all we are doing is hurting our ability to be able to steer the dialogue towards productive ends.”
During the session, Hoskinson talked about Cardano’s current plans, mentioning its 127 projects in development and how the first half of 2022 will be “an essential window for commercialization and utility of Cardano projects.”
In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry.
The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021.
While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry.
According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there needs to be more long-term vision among developers and creators:
“It’s very hard to do this kind of engineering and to do it right, with an eye and foresight for the future. Unfortunately, many of the projects in this space will not stand the test of time. It’s just a fact that we will see a great extinction occur in the next five to 10 years.”
Although he believes that 2022 will be “a big year” for both the industry and Cardano, there is “still so much to do,” particularly when it comes to certification standards, the production quality of DApps and security. He noted that almost $10.5 billion have been lost to hacks, scams and theft in the sector in 2021 alone.
Despite considering the crypto community to be “the weavers of the genetics of finance and of the destiny of humanity’s financial operating system for the 21st century,” Hoskinson claims that the “only thing that holds us back is us. If we fight each other, demean and attack each other, all we are doing is hurting our ability to be able to steer the dialogue towards productive ends.”
During the session, Hoskinson talked about Cardano’s current plans, mentioning its 127 projects in development and how the first half of 2022 will be “an essential window for commercialization and utility of Cardano projects.”
MetaGods will launch a 2nd Batch with less than 500 NFTs on January 8th 🚀
After the success of the first launch, MetaGods will be releasing less than 500 NFTs for members who didn’t have the opportunity to mint a MetaGod.
With more than 95% of holders, MetaGods is on its way to increase its floor price and push the project to the next level thanks to an involved community of diamond hands 💎
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
They will be reopening 100 Whitelists (with dozens reserved for holders) starting today so don't miss the opportunity to get one.
Check out their Discord ➡️ https://discord.gg/nG9Xt8J6Vq
📅 Public Sale: January 8th - 3 PM EST
After the success of the first launch, MetaGods will be releasing less than 500 NFTs for members who didn’t have the opportunity to mint a MetaGod.
With more than 95% of holders, MetaGods is on its way to increase its floor price and push the project to the next level thanks to an involved community of diamond hands 💎
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
They will be reopening 100 Whitelists (with dozens reserved for holders) starting today so don't miss the opportunity to get one.
Check out their Discord ➡️ https://discord.gg/nG9Xt8J6Vq
📅 Public Sale: January 8th - 3 PM EST
Hi everyone today I would like to share to you the profitable & most solid NFT project of 2022 !!
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS!
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their discord right now while you still can get easily whitelisted! 👀 https://discord.gg/uBBsFyhufF ☝️👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS!
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their discord right now while you still can get easily whitelisted! 👀 https://discord.gg/uBBsFyhufF ☝️👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
Hello, today I'd like to introduce you to the hottest NFT project right now: *BabyElonNFT*
They have a *discord with more than 100k members* and their public sale is planned in a week. Many international celebrities have already joined the club like *Rakitic, Riyad Mahrez, Jay Alvarez, ...* and the best is yet to come!
They will release their own token this month. Every BabyElon holder will receive *$BabyElon every day* and will be able to use them in the eco-system or swap them to get other cryptos.
*Why you should not ignore BabyElon?* 🧐
*1. NFT IS LINKED WITH A TOKEN* 📈
This is the first NFT project to push the synergies between a token and an NFT so far
*2. THERE ARE NOT MANY NFTS LEFT* 😱
Half of the presale has been sold in less than 30 seconds, there are only 2556 available for the January 9th sale
*3. THE NAME IS BABY ELON* 😂
➡️ *Join the discord now and grab the opportunity:* www.discord.gg/babyelon
They have a *discord with more than 100k members* and their public sale is planned in a week. Many international celebrities have already joined the club like *Rakitic, Riyad Mahrez, Jay Alvarez, ...* and the best is yet to come!
They will release their own token this month. Every BabyElon holder will receive *$BabyElon every day* and will be able to use them in the eco-system or swap them to get other cryptos.
*Why you should not ignore BabyElon?* 🧐
*1. NFT IS LINKED WITH A TOKEN* 📈
This is the first NFT project to push the synergies between a token and an NFT so far
*2. THERE ARE NOT MANY NFTS LEFT* 😱
Half of the presale has been sold in less than 30 seconds, there are only 2556 available for the January 9th sale
*3. THE NAME IS BABY ELON* 😂
➡️ *Join the discord now and grab the opportunity:* www.discord.gg/babyelon
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
$AVG looks to be finding a solid bottom here at this level,
Strong HODLers and I assume will have a very strong CEX listing very soon.
https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f
Strong HODLers and I assume will have a very strong CEX listing very soon.
https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f
app.uniswap.org
Uniswap Interface
Swap crypto on Ethereum, Base, Arbitrum, Polygon, Unichain and more. The DeFi platform trusted by millions.
UK lawmakers form crypto advocacy group for parliament: Report.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron.
Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.
According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated companies.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said Cameron.
The country’s self-regulating trade group for the crypto industry, CryptoUK, reportedly backed the creation of the advocacy group. According to CryptoUK executive director Ian Taylor, the group intends to spend more than $67,000 in 2022 to support the Crypto and Digital Assets Group, with a focus on “education, education, education” around crypto assets.
In 2021, the U.K. Financial Conduct Authority issued numerous warnings to retail investors, advising them of the potential risk in dealing with crypto firms not yet registered with the country’s financial watchdog. The U.K. Advertising Standards Authority, the country’s independent advertising regulator, also removed advertisements from crypto firms including Coinbase and Kraken.
The seemingly growing concern over crypto scams and illicit transactions in the U.K. comes as a report from Chainalysis showed scammers received $7.8 billion in crypto stolen from victims over 2021, of which more than $2.8 billion came from rug pulls. Chainalysis attributed the prevalence of rug pulls to the “hype around the space” in addition to the lack of code audits for certain DeFi projects.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron.
Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.
According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated companies.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said Cameron.
The country’s self-regulating trade group for the crypto industry, CryptoUK, reportedly backed the creation of the advocacy group. According to CryptoUK executive director Ian Taylor, the group intends to spend more than $67,000 in 2022 to support the Crypto and Digital Assets Group, with a focus on “education, education, education” around crypto assets.
In 2021, the U.K. Financial Conduct Authority issued numerous warnings to retail investors, advising them of the potential risk in dealing with crypto firms not yet registered with the country’s financial watchdog. The U.K. Advertising Standards Authority, the country’s independent advertising regulator, also removed advertisements from crypto firms including Coinbase and Kraken.
The seemingly growing concern over crypto scams and illicit transactions in the U.K. comes as a report from Chainalysis showed scammers received $7.8 billion in crypto stolen from victims over 2021, of which more than $2.8 billion came from rug pulls. Chainalysis attributed the prevalence of rug pulls to the “hype around the space” in addition to the lack of code audits for certain DeFi projects.
Here’s why experts think Space Warriors Club will be the most profitable project of the year :
🎬 A team of 7 artists who worked with Ubisoft, Disney, Rolex & more!
🚀 Experts believe that the project will reach 3 ETH in 48 hours
🤯 Solid roadmap & HUGE utilities: the first community-built video game
💥 They gained 70k Discord members in 72 hours without Marketing
Don’t miss out on this huge opportunity! Secure your spot now.
Check out their Discord ➡️ https://discord.gg/6nDUGrq3PJ
Twitter ➡️ https://twitter.com/swcNFT
Instagram ➡️ https://www.instagram.com/spacewarriorsclub/
Space Warriors Club is definitely the most potential & solid NFT project of 2022.
🎬 A team of 7 artists who worked with Ubisoft, Disney, Rolex & more!
🚀 Experts believe that the project will reach 3 ETH in 48 hours
🤯 Solid roadmap & HUGE utilities: the first community-built video game
💥 They gained 70k Discord members in 72 hours without Marketing
Don’t miss out on this huge opportunity! Secure your spot now.
Check out their Discord ➡️ https://discord.gg/6nDUGrq3PJ
Twitter ➡️ https://twitter.com/swcNFT
Instagram ➡️ https://www.instagram.com/spacewarriorsclub/
Space Warriors Club is definitely the most potential & solid NFT project of 2022.
They received thousands of applications for the whitelist. presale goes live in 5 hours.
💰Passive income and staking
🚀Access to private communities of investors and influencers.
🔥they are building the leading NFT brand.
💰Unique Tokennomics and high value
🔥hyped community.
Join their discord: https://discord.gg/humars and check their whitelist almost full!
Official website for mint: https://humars.space
💰Passive income and staking
🚀Access to private communities of investors and influencers.
🔥they are building the leading NFT brand.
💰Unique Tokennomics and high value
🔥hyped community.
Join their discord: https://discord.gg/humars and check their whitelist almost full!
Official website for mint: https://humars.space
🟥 Kounotori Token - The newest user-friendly staking platform! 🟥
Kounotori aims to level the playing field with its planned staking platform, creating a user-friendly experience for investors both big and small. By providing high rates of return for those staking our token.
🚀 Incredible Reflections - Anything up to 9% reflections to holders.
💰 Sliding Tax Scale - Our token has the power to adjust reflections to holders or to the treasury depending on market conditions.
🌐 Fully doxxed team - We believe that transparency is the key to a safe and secure investor experience.
🚨 We want to celebrate the new year with a big GIVEAWAY. We will be giving away $1,300 in total spread out to 10 different winners, to join the giveaway click the link below:
https://gleam.io/competitions/JjBd0-kounotori-token-giveaway
Join Telegram group:
t.me/kounotoritoken
Kounotori aims to level the playing field with its planned staking platform, creating a user-friendly experience for investors both big and small. By providing high rates of return for those staking our token.
🚀 Incredible Reflections - Anything up to 9% reflections to holders.
💰 Sliding Tax Scale - Our token has the power to adjust reflections to holders or to the treasury depending on market conditions.
🌐 Fully doxxed team - We believe that transparency is the key to a safe and secure investor experience.
🚨 We want to celebrate the new year with a big GIVEAWAY. We will be giving away $1,300 in total spread out to 10 different winners, to join the giveaway click the link below:
https://gleam.io/competitions/JjBd0-kounotori-token-giveaway
Join Telegram group:
t.me/kounotoritoken
Bitcoin News: El Salvador’s BTC Sees An Erosion Of Values Worth $12 Million In Public Funds
El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and things are turning to worse in 2022 with the value of BTC tanking. BTC saw an overall decline of 17.5% over a few weeks.
The bitcoins held by the Salvadoran government would be worth $59 million.If a recent calculation by Bloomberg is believed, El Salvador’s fling with BTC has resulted in more monetary losses than profits.
According to President Nayib Bukele’s Twitter posts, the nation holds approximately 1,391 bitcoins.
Read more
El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and things are turning to worse in 2022 with the value of BTC tanking. BTC saw an overall decline of 17.5% over a few weeks.
The bitcoins held by the Salvadoran government would be worth $59 million.If a recent calculation by Bloomberg is believed, El Salvador’s fling with BTC has resulted in more monetary losses than profits.
According to President Nayib Bukele’s Twitter posts, the nation holds approximately 1,391 bitcoins.
Read more
CoinGape
Bitcoin News: El Salvador’s BTC Sees An Erosion Of Values Worth $12 Million In Public Funds
El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and thi
Hey Folks, today let's talk about an NFT project that is sure to disrupt the Metaverse.
CryptoBear Watch Club (CBWC) is a collection of 10,000 exclusive NFT collectibles that will live on the Ethereum Blockchain. But that's only the beginning. CBWC has lined up a slew of giveaways, airdrops and other rewards for those who hold their NFTs.
What makes CBWC an unmissable opportunity?
Too many advantages to list. But here's a short summary.
1) All CBWC NFT hodlers are eligible to win high-end watches worth USD 1 000,000. We're taking free high-end watches to be given away each month.
2) Planet Arkouda is central to the CBWC game. It's a 6x6 plot in Sandbox where your 3D-enabled CBWC Avatars can roam free.
3) CBWC is building a digital club in Sandbox for members only. Watch connoisseurs will find this hard to ignore.
4) Hodling your NFTs will earn you Arkouda tokens and royalty paybacks. We say nay to flippers.
5) For those eager to activate their inner warrior, play-to-earn MMORPG games will be available soon.
The whitelist is filling up. The community is growing. The mint date is close. Rethink your NFT game and join the Discord: https://discord.gg/fdxxBU9jPv
CryptoBear Watch Club (CBWC) is a collection of 10,000 exclusive NFT collectibles that will live on the Ethereum Blockchain. But that's only the beginning. CBWC has lined up a slew of giveaways, airdrops and other rewards for those who hold their NFTs.
What makes CBWC an unmissable opportunity?
Too many advantages to list. But here's a short summary.
1) All CBWC NFT hodlers are eligible to win high-end watches worth USD 1 000,000. We're taking free high-end watches to be given away each month.
2) Planet Arkouda is central to the CBWC game. It's a 6x6 plot in Sandbox where your 3D-enabled CBWC Avatars can roam free.
3) CBWC is building a digital club in Sandbox for members only. Watch connoisseurs will find this hard to ignore.
4) Hodling your NFTs will earn you Arkouda tokens and royalty paybacks. We say nay to flippers.
5) For those eager to activate their inner warrior, play-to-earn MMORPG games will be available soon.
The whitelist is filling up. The community is growing. The mint date is close. Rethink your NFT game and join the Discord: https://discord.gg/fdxxBU9jPv
Guys, we`re already here and inviting you too! Nafty. me and our account - @CryptoLand
Nafty. me it's a first social media network for adults on blockchain 😈
Why you should join Nafty. me community 🔽
There you could win your absolute freedom because of full censorship absence!
Social network is decentralized and driven by the community
Large variety of payment solutions
More than 1000 sexy stars to join
Also we MUST pay attention to NAFTY token
Nafty Token - is the first token for the adult industry🔥
💸 Nafty holders receive an automatic passive income, by special procedure of fee redistribution. The more transactions there are, the more rewards the holders receive!
💸Since launching, Nafty gained over 3200% and gave over 3.5m in reflections to their holders!
Just check this hoooot bomb🔥🔥🔥
https://bit.ly/crypto_land
Nafty. me it's a first social media network for adults on blockchain 😈
Why you should join Nafty. me community 🔽
There you could win your absolute freedom because of full censorship absence!
Social network is decentralized and driven by the community
Large variety of payment solutions
More than 1000 sexy stars to join
Also we MUST pay attention to NAFTY token
Nafty Token - is the first token for the adult industry🔥
💸 Nafty holders receive an automatic passive income, by special procedure of fee redistribution. The more transactions there are, the more rewards the holders receive!
💸Since launching, Nafty gained over 3200% and gave over 3.5m in reflections to their holders!
Just check this hoooot bomb🔥🔥🔥
https://bit.ly/crypto_land