The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent meme tokens enduring losses within 24 hours.
Numerous investors reaped significant rewards from the surging PEPE meme token market; however, its worth has diminished from its all-time high (ATH). Just four days prior, on May 5, PEPE reached a pinnacle price of $0.00000431 per unit, but has since plunged over 50% from that position. Presently, its market valuation rests below $1 billion at $790 million, whereas on May 5, it ascended to an ATH of $1.8 billion.
![Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline]()
Despite the devaluation, PEPE has still managed to soar by 3,456% since its all-time low on April 18, set only 22 days earlier at $0.000000055142 per unit. Additionally, the meme coin has gained over 500% in the past two weeks when compared to the U.S. dollar. Yet since May 5, gains have eluded PEPE’s grasp. Nevertheless, PEPE boasts $804 million in global trade volume within a day—ranking eighth among total crypto trade volumes.
Shifts have also occurred in PEPE’s rich list as larger whales aggregate the meme coin’s supply. Currently, there are 106,430 PEPE holders, with the top ten wallets grasping 34.07% of all existing PEPE tokens. Among these leading holders are five exchanges—including Binance and Okx—owning the most extensive caches of PEPE relative to exchanges. The top 100 wealthiest PEPE addresses claim over 54% of the entire supply.
In general, aside from PEPE, the meme coin market has been trailing a downward trajectory in conjunction with the broader crypto economy. Over the past day, the meme coin sector has shed 7% of its value, with DOGE, SHIB, PEPE, FLOKI, and BABYDOGE all experiencing declines. In contrast, meme token turbo (TURBO), Tamadoge (TAMA), and shih tzu (SHIH) have grown 43.1%, 18%, and 13% respectively against the greenback in the previous 24 hours.
What are your thoughts on the recent volatility in the meme coin market and the decline of PEPE token’s value? Share your opinions and insights in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent meme tokens enduring losses within 24 hours.
Numerous investors reaped significant rewards from the surging PEPE meme token market; however, its worth has diminished from its all-time high (ATH). Just four days prior, on May 5, PEPE reached a pinnacle price of $0.00000431 per unit, but has since plunged over 50% from that position. Presently, its market valuation rests below $1 billion at $790 million, whereas on May 5, it ascended to an ATH of $1.8 billion.
![Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline]()
Despite the devaluation, PEPE has still managed to soar by 3,456% since its all-time low on April 18, set only 22 days earlier at $0.000000055142 per unit. Additionally, the meme coin has gained over 500% in the past two weeks when compared to the U.S. dollar. Yet since May 5, gains have eluded PEPE’s grasp. Nevertheless, PEPE boasts $804 million in global trade volume within a day—ranking eighth among total crypto trade volumes.
Shifts have also occurred in PEPE’s rich list as larger whales aggregate the meme coin’s supply. Currently, there are 106,430 PEPE holders, with the top ten wallets grasping 34.07% of all existing PEPE tokens. Among these leading holders are five exchanges—including Binance and Okx—owning the most extensive caches of PEPE relative to exchanges. The top 100 wealthiest PEPE addresses claim over 54% of the entire supply.
In general, aside from PEPE, the meme coin market has been trailing a downward trajectory in conjunction with the broader crypto economy. Over the past day, the meme coin sector has shed 7% of its value, with DOGE, SHIB, PEPE, FLOKI, and BABYDOGE all experiencing declines. In contrast, meme token turbo (TURBO), Tamadoge (TAMA), and shih tzu (SHIH) have grown 43.1%, 18%, and 13% respectively against the greenback in the previous 24 hours.
What are your thoughts on the recent volatility in the meme coin market and the decline of PEPE token’s value? Share your opinions and insights in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their diverse perspectives on the matter, leading to a flurry of takes across various social media platforms.
The recent surge in Ordinals and BRC20 token usage has led to a significant increase in onchain activity, causing the mempool to overflow with over 400,000 transactions. Currently, a whopping 194 blocks need to be mined to clear the backlog, which would take more than 24 hours at an average of ten minutes per block. As a result, people have been sharing a wide range of opinions on the matter, with some reveling in the higher fees and increased onchain activity, while others suspect that the blockchain is under attack. Meanwhile, some believe that the so-called attacker’s scheme is unsustainable and will eventually fizzle out.
“[The] mempool is spammed with dust payments (546sat) to drive fees high and block normal transactions,” one person speculated. “What if a state is behind this? Or Satoshi itself?” the individual asked. Some people shared the opinion that high fees are meant to prevent spammers. “High onchain fees is the network protecting itself – assuring it is expensive to spam / attack,” another individual tweeted. “From this point of view, the high fees are a VERY good thing. The mempool is a living, breathing, dynamic entity. Fees will eventually go down again when spammer funds are exhausted.”
The recent surge in network fees has left many in the Bitcoin community feeling frustrated. Bitcoin educator Anita Posch took to social media to express her concerns about the impact of these fees on onboarding new users. “Can anyone explain how I’m going to onboard people with these fees?” Posch asked. “Can’t use onchain, can’t open channels. Makes custodial Lightning the only option. And all that because some people think it’s fun to ‘break Bitcoin.’ Why not use Liquid or RSK?” Posch insists that people minting on the Bitcoin blockchain are “privileged.” “The people minting are privileged users,” Posch added. “The ones who really need bitcoin as a lifeboat can’t afford these fees.”
However, not everyone agrees with Posch’s perspective. Bitcoin Stamps founder Mike in Space said it was a “Terrible take.” “No one is looking to ‘break bitcoin’ we’re just USING it and paying for the privilege to do so,” he wrote. “This is what adoption will, inevitably, looks like: HIGH FEES. This is the system working as designed.” People have also been criticizing the Lightning Network (LN) as the dynamic fees have made it difficult to open channels. “The problems that are occurring with LN were known from the start,” Eric Voskuil tweeted. Voskuil added:
I remember this discussion from Scaling Hong Kong. People have been led to believe that chain fees don’t really affect LN and LN doesn’t really push chain fees.
The recent Ordinal trend has sparked controversy in the Bitcoin community, with some individuals taking issue with Udi Wertheimer, one of the trend’s originators. In fact, one Twitter user, Btcbello, went so far as to call for Wertheimer to be barred from the upcoming Bitcoin 2023 conference in Miami. “Dear [Bitcoin Magazine], [David F Bailey], you should cancel/bar Udi Wertheimer from taking part at [The Bitcoin Conference] immediately,” the Twitter account Btcbello wrote. “He thinks he’s more important to Bitcoin than Satoshi Nakamoto, lol.” Further Btcbello asked people to retweet if they agree and 113 people re-tweeted the post.
Meanwhile, Bitcoin developers have been discussing the network’s scaling issues, with some proposing the idea of censorship at the node level. “An alternative would be to enforce this ‘censorship’ at the node level and introduce a run-time option to instantly prune all non-standard Taproot transactions. This will be easier to implement, but won’t hit the road until minimum next release,” one programmer wrote. Many people simply do not care about the heated arguments as they insist that people have been warning about these issues for years.
“Cracking up. Bitcoin mempool finally gets some usage and the maxis are framing it as a DoS attack on the network,” the Twitter user Foobar said. “They really have not considered even the most basic scenarios, like ‘bitcoin becomes popular and people are willing to pay to use it.’” Samourai Wallet developer Tdevd tweeted: “LN was priced out? Someone tell The #Kliq. New Jersey burb Dads not paying their landscapers via LN often enough? (“It’s working now.” LOL!) Waiting for pants wearing wifey to bring home the fiat? The Kliq are out of touch… Talk the talk without walking the walk. Street stuff.”
So far, there is no clear solution in sight. The developer who wrote about the possibility of censorship at the node level posed the question of whether action should be taken if the volume does not decrease in the coming weeks. Despite the uncertainty, many people believe that the issues will eventually subside. “It is likely the madness over Ordinals will subside,” one person stated. “Everyone should take a deep breath, Bitcoin will be fine. It will either subside, or we will adapt + grow + build solutions,” another individual said.
What are your thoughts on the ongoing Bitcoin scaling challenges and the heated debates surrounding them? Share your perspective and join the conversation below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their diverse perspectives on the matter, leading to a flurry of takes across various social media platforms.
The recent surge in Ordinals and BRC20 token usage has led to a significant increase in onchain activity, causing the mempool to overflow with over 400,000 transactions. Currently, a whopping 194 blocks need to be mined to clear the backlog, which would take more than 24 hours at an average of ten minutes per block. As a result, people have been sharing a wide range of opinions on the matter, with some reveling in the higher fees and increased onchain activity, while others suspect that the blockchain is under attack. Meanwhile, some believe that the so-called attacker’s scheme is unsustainable and will eventually fizzle out.
“[The] mempool is spammed with dust payments (546sat) to drive fees high and block normal transactions,” one person speculated. “What if a state is behind this? Or Satoshi itself?” the individual asked. Some people shared the opinion that high fees are meant to prevent spammers. “High onchain fees is the network protecting itself – assuring it is expensive to spam / attack,” another individual tweeted. “From this point of view, the high fees are a VERY good thing. The mempool is a living, breathing, dynamic entity. Fees will eventually go down again when spammer funds are exhausted.”
The recent surge in network fees has left many in the Bitcoin community feeling frustrated. Bitcoin educator Anita Posch took to social media to express her concerns about the impact of these fees on onboarding new users. “Can anyone explain how I’m going to onboard people with these fees?” Posch asked. “Can’t use onchain, can’t open channels. Makes custodial Lightning the only option. And all that because some people think it’s fun to ‘break Bitcoin.’ Why not use Liquid or RSK?” Posch insists that people minting on the Bitcoin blockchain are “privileged.” “The people minting are privileged users,” Posch added. “The ones who really need bitcoin as a lifeboat can’t afford these fees.”
However, not everyone agrees with Posch’s perspective. Bitcoin Stamps founder Mike in Space said it was a “Terrible take.” “No one is looking to ‘break bitcoin’ we’re just USING it and paying for the privilege to do so,” he wrote. “This is what adoption will, inevitably, looks like: HIGH FEES. This is the system working as designed.” People have also been criticizing the Lightning Network (LN) as the dynamic fees have made it difficult to open channels. “The problems that are occurring with LN were known from the start,” Eric Voskuil tweeted. Voskuil added:
I remember this discussion from Scaling Hong Kong. People have been led to believe that chain fees don’t really affect LN and LN doesn’t really push chain fees.
The recent Ordinal trend has sparked controversy in the Bitcoin community, with some individuals taking issue with Udi Wertheimer, one of the trend’s originators. In fact, one Twitter user, Btcbello, went so far as to call for Wertheimer to be barred from the upcoming Bitcoin 2023 conference in Miami. “Dear [Bitcoin Magazine], [David F Bailey], you should cancel/bar Udi Wertheimer from taking part at [The Bitcoin Conference] immediately,” the Twitter account Btcbello wrote. “He thinks he’s more important to Bitcoin than Satoshi Nakamoto, lol.” Further Btcbello asked people to retweet if they agree and 113 people re-tweeted the post.
Meanwhile, Bitcoin developers have been discussing the network’s scaling issues, with some proposing the idea of censorship at the node level. “An alternative would be to enforce this ‘censorship’ at the node level and introduce a run-time option to instantly prune all non-standard Taproot transactions. This will be easier to implement, but won’t hit the road until minimum next release,” one programmer wrote. Many people simply do not care about the heated arguments as they insist that people have been warning about these issues for years.
“Cracking up. Bitcoin mempool finally gets some usage and the maxis are framing it as a DoS attack on the network,” the Twitter user Foobar said. “They really have not considered even the most basic scenarios, like ‘bitcoin becomes popular and people are willing to pay to use it.’” Samourai Wallet developer Tdevd tweeted: “LN was priced out? Someone tell The #Kliq. New Jersey burb Dads not paying their landscapers via LN often enough? (“It’s working now.” LOL!) Waiting for pants wearing wifey to bring home the fiat? The Kliq are out of touch… Talk the talk without walking the walk. Street stuff.”
So far, there is no clear solution in sight. The developer who wrote about the possibility of censorship at the node level posed the question of whether action should be taken if the volume does not decrease in the coming weeks. Despite the uncertainty, many people believe that the issues will eventually subside. “It is likely the madness over Ordinals will subside,” one person stated. “Everyone should take a deep breath, Bitcoin will be fine. It will either subside, or we will adapt + grow + build solutions,” another individual said.
What are your thoughts on the ongoing Bitcoin scaling challenges and the heated debates surrounding them? Share your perspective and join the conversation below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. Dubai, UAE, May 9th – MaskEX, a next-generation cryptocurrency exchange, has announced that it has received initial approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin making preparations for its launch in the United Arab Emirates (UAE). The approval represents a major milestone for MaskEX, which has been working tirelessly to expand its presence in the Middle East and bring the benefits of virtual assets to a wider audience.
With the initial approval from VARA, MaskEX will begin finalizing its entity incorporation, engage banking services, hire more staff in Dubai for its soon-to-be-opened headquarters office, and take the necessary steps to become the first regulated exchange in the UAE. The services and activities MaskEX has applied for include exchange, lending and borrowing, broker-dealer, and virtual asset management and investment services, with the aim of obtaining VARA’s highly acclaimed FMP license. This license will enable MaskEX to operate in and from Dubai while upholding its commitment to regulatory compliance, customer protection, and innovation.
“We are extremely proud and grateful to have received initial approval from VARA, which is a testament to our commitment to meeting the highest regulatory standards,” said Eric Yang, CEO of MaskEX. “We believe that our platform will provide users in the UAE with a safe, reliable, and efficient way to access the world of virtual assets, and we look forward to launching as soon as possible, while strictly adhering to the requirements laid out by VARA.”
The launch of MaskEX in the UAE is expected to bring significant benefits to the local economy, including the creation of new jobs and the attraction of foreign investment. As the UAE takes a leadership position in the region by prioritizing digital transformation and aiming to become a leader in blockchain technology and virtual assets, the launch of MaskEX will be a major milestone in achieving these goals.
MaskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders to navigate the crypto market. The exchange offers a comprehensive range of products, including savings packages, deeply liquid markets across a wide range of trading pairs, and efficient on- and off-ramp products to help users easily convert fiat currency to digital assets and vice versa.
“The initial approval from VARA is a major milestone for us, and is of great significance not just for the UAE but for the entire MENA region,” said Ben Caselin, Vice President and Chief Strategy Officer of MaskEX. “We look forward to working closely with the regulatory authorities to ensure that our platform meets all necessary requirements and provides a secure and transparent environment for our users.”
About MaskEX
MaskEX is a next-generation centralized crypto exchange that aims to provide easy and secure access to digital assets for everyone. Founded in 2021, MaskEX is committed to empowering users globally and contributing to the growth of the crypto and blockchain industry by offering a wide range of innovative products and services to its users.
MaskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders to navigate the crypto market. The exchange offers a comprehensive range of products, including savings packages, over 300 spot pairs, and deeply liquid markets for perpetual contracts. Additionally, MaskEX offers a range of on- and off-ramp products to help users easily convert fiat currency to digital assets and vice versa.
With a growing user base of over one million users across the globe, MaskEX is dedicated to promoting the adoption of digital assets and building a more inclusive economy for all smart cities and their citizens.
For more information about MaskEX and its upcoming launch in the UAE, please visit the company’s website or contact press@maskex.com.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Dubai, UAE, May 9th – MaskEX, a next-generation cryptocurrency exchange, has announced that it has received initial approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin making preparations for its launch in the United Arab Emirates (UAE). The approval represents a major milestone for MaskEX, which has been working tirelessly to expand its presence in the Middle East and bring the benefits of virtual assets to a wider audience.
With the initial approval from VARA, MaskEX will begin finalizing its entity incorporation, engage banking services, hire more staff in Dubai for its soon-to-be-opened headquarters office, and take the necessary steps to become the first regulated exchange in the UAE. The services and activities MaskEX has applied for include exchange, lending and borrowing, broker-dealer, and virtual asset management and investment services, with the aim of obtaining VARA’s highly acclaimed FMP license. This license will enable MaskEX to operate in and from Dubai while upholding its commitment to regulatory compliance, customer protection, and innovation.
“We are extremely proud and grateful to have received initial approval from VARA, which is a testament to our commitment to meeting the highest regulatory standards,” said Eric Yang, CEO of MaskEX. “We believe that our platform will provide users in the UAE with a safe, reliable, and efficient way to access the world of virtual assets, and we look forward to launching as soon as possible, while strictly adhering to the requirements laid out by VARA.”
The launch of MaskEX in the UAE is expected to bring significant benefits to the local economy, including the creation of new jobs and the attraction of foreign investment. As the UAE takes a leadership position in the region by prioritizing digital transformation and aiming to become a leader in blockchain technology and virtual assets, the launch of MaskEX will be a major milestone in achieving these goals.
MaskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders to navigate the crypto market. The exchange offers a comprehensive range of products, including savings packages, deeply liquid markets across a wide range of trading pairs, and efficient on- and off-ramp products to help users easily convert fiat currency to digital assets and vice versa.
“The initial approval from VARA is a major milestone for us, and is of great significance not just for the UAE but for the entire MENA region,” said Ben Caselin, Vice President and Chief Strategy Officer of MaskEX. “We look forward to working closely with the regulatory authorities to ensure that our platform meets all necessary requirements and provides a secure and transparent environment for our users.”
About MaskEX
MaskEX is a next-generation centralized crypto exchange that aims to provide easy and secure access to digital assets for everyone. Founded in 2021, MaskEX is committed to empowering users globally and contributing to the growth of the crypto and blockchain industry by offering a wide range of innovative products and services to its users.
MaskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders to navigate the crypto market. The exchange offers a comprehensive range of products, including savings packages, over 300 spot pairs, and deeply liquid markets for perpetual contracts. Additionally, MaskEX offers a range of on- and off-ramp products to help users easily convert fiat currency to digital assets and vice versa.
With a growing user base of over one million users across the globe, MaskEX is dedicated to promoting the adoption of digital assets and building a more inclusive economy for all smart cities and their citizens.
For more information about MaskEX and its upcoming launch in the UAE, please visit the company’s website or contact press@maskex.com.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Tokyo, Japan, May 9th 2023, Chainwire. The STAR project is a new initiative to help Japanese SMEs gain international recognition and prestige. The project seeks to uncover the valuable products, technologies, and know-how of small-to-medium-sized businesses.
With an advanced ecosystem, the project opens new opportunities for mutual benefit between Japan and its partners abroad.
A Project with a Clear Goal
The STAR Project has a clear goal: to help Japanese SMEs effectively communicate their products and technologies. Through this project, SMEs can gain access to funds that they can use to reinvest in their business.
Foreign companies can also take advantage of the program. Specifically, foreign companies may purchase products, technology, and know-how from Japanese SMEs and partner up with them. Ultimately, the project aims to revive the economy of Japan and the world, creating a sustainable future.
This initiative helps Japanese SMEs market their valued products and technology to overseas enterprises. A win-win situation is possible when both parties benefit from exchanging goods and services successfully.
Where Does This Initiative Come From?
This initiative originated from a desire to maximize the potential of Japan’s technological capabilities. Despite the economy’s potential, Japan still falls behind other countries in the overall score of the Global Innovation Index 2021.
This suggests that there are issues beyond technological capability that the economy needs to address. One such issue appears to be public relations activities. Japanese people tend to glorify modesty, with many mistaking this attitude for weak presentation skills.
STAR improves firms’ abilities to close the gap between Japan’s technological strength and worldwide innovation index score. With strong technical capabilities and enhanced public relations activities, Japanese SMEs and foreign-affiliated companies can impact the global market more.
How STAR Intends to Target Its Market
STAR seeks to target both Japanese SMEs and foreign companies. STAR’s platform will aggregate SMEs’ goods, technology, and know-how to attract overseas enterprises.
It will provide various types of support to foreign companies to gain a foothold in Japan and develop their products. In addition, STAR will accept “StartupersCoin,” a token to be used by foreign companies for payment of platform services.
SMEs will receive revenue from revaluing their products, technology, and know-how to reinvest in their firm, particularly abroad. This strategy intends to benefit both Japanese SMEs and foreign companies. Ultimately, STAR seeks to revitalize the economy of not only Japan but the entire world and create a sustainable world.
STAR’s AUCTION is a platform designed to facilitate transactions between foreign companies and Japanese SMEs. All foreign companies registering on AUCTION are subject to screening to ensure their trustworthiness. After passing the screening process, the company can participate in an auction-style bidding process for Privileges, as illustrated below.
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During the auction, each participant will need to disclose various business details. In case a company wins the Privilege, it will be able to trade products containing confidential information.
About STAR
STAR is a platform that connects Japanese and foreign companies to facilitate mutual development. It aims to increase the number of companies that foster world peace and sustainability through its principles, starting from Japan.
Japanese businesses have traditionally grown on the concept of “Wa,” or harmony, with employees forming strong ties within the companies. STAR intends to leverage this fertile business setting and act as a growth facilitator.
The team is preparing for a listing event on May 10th on Bitmart. In this rapidly growing context, the team hopes to create an environment of mutual understanding and support between companies worldwide.
Anyone wishing to learn more about STAR can find more information on its website and the team’s Twitter page.
Contact
STAR
info@startupers.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Tokyo, Japan, May 9th 2023, Chainwire. The STAR project is a new initiative to help Japanese SMEs gain international recognition and prestige. The project seeks to uncover the valuable products, technologies, and know-how of small-to-medium-sized businesses.
With an advanced ecosystem, the project opens new opportunities for mutual benefit between Japan and its partners abroad.
A Project with a Clear Goal
The STAR Project has a clear goal: to help Japanese SMEs effectively communicate their products and technologies. Through this project, SMEs can gain access to funds that they can use to reinvest in their business.
Foreign companies can also take advantage of the program. Specifically, foreign companies may purchase products, technology, and know-how from Japanese SMEs and partner up with them. Ultimately, the project aims to revive the economy of Japan and the world, creating a sustainable future.
This initiative helps Japanese SMEs market their valued products and technology to overseas enterprises. A win-win situation is possible when both parties benefit from exchanging goods and services successfully.
Where Does This Initiative Come From?
This initiative originated from a desire to maximize the potential of Japan’s technological capabilities. Despite the economy’s potential, Japan still falls behind other countries in the overall score of the Global Innovation Index 2021.
This suggests that there are issues beyond technological capability that the economy needs to address. One such issue appears to be public relations activities. Japanese people tend to glorify modesty, with many mistaking this attitude for weak presentation skills.
STAR improves firms’ abilities to close the gap between Japan’s technological strength and worldwide innovation index score. With strong technical capabilities and enhanced public relations activities, Japanese SMEs and foreign-affiliated companies can impact the global market more.
How STAR Intends to Target Its Market
STAR seeks to target both Japanese SMEs and foreign companies. STAR’s platform will aggregate SMEs’ goods, technology, and know-how to attract overseas enterprises.
It will provide various types of support to foreign companies to gain a foothold in Japan and develop their products. In addition, STAR will accept “StartupersCoin,” a token to be used by foreign companies for payment of platform services.
SMEs will receive revenue from revaluing their products, technology, and know-how to reinvest in their firm, particularly abroad. This strategy intends to benefit both Japanese SMEs and foreign companies. Ultimately, STAR seeks to revitalize the economy of not only Japan but the entire world and create a sustainable world.
STAR’s AUCTION is a platform designed to facilitate transactions between foreign companies and Japanese SMEs. All foreign companies registering on AUCTION are subject to screening to ensure their trustworthiness. After passing the screening process, the company can participate in an auction-style bidding process for Privileges, as illustrated below.
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During the auction, each participant will need to disclose various business details. In case a company wins the Privilege, it will be able to trade products containing confidential information.
About STAR
STAR is a platform that connects Japanese and foreign companies to facilitate mutual development. It aims to increase the number of companies that foster world peace and sustainability through its principles, starting from Japan.
Japanese businesses have traditionally grown on the concept of “Wa,” or harmony, with employees forming strong ties within the companies. STAR intends to leverage this fertile business setting and act as a growth facilitator.
The team is preparing for a listing event on May 10th on Bitmart. In this rapidly growing context, the team hopes to create an environment of mutual understanding and support between companies worldwide.
Anyone wishing to learn more about STAR can find more information on its website and the team’s Twitter page.
Contact
STAR
info@startupers.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Blockchain security auditor Hacken is partnering with “Killer Whales”, a reality TV show by HELLO Labs and co-produced by CoinMarketCap and AltCoinDaily, producing ‘the Shark Tank of Crypto.’ As part of due diligence and acceptance, Hacken will ensure all projects to undergo scrutiny testing of their projects by applying on their own website.
The show will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges and entrepreneurs which will have the biggest names in Web3 and Web2. HELLO Labs was founded by Paul Caslin, producer of the MTV VMA awards.
“As the Web3 space continues to learn and develop, the need for transparency and factual information continues to grow and Killer Whales is an ideal vehicle to help fulfil that growing need. To achieve that goal, Killer Whales implements strict due diligence for all the projects that pitch, and Hacken’s experience with industry standard assessment methodology will be very important to the show.”, said HELLO Labs CEO Sander Gortjes in a statement.
The security and strategy insights delivered by Hacken on every project applying on “Killer Whales” aim to serve as security audits for viewers all around the world before they engage with projects as well as the HELLO Labs due diligence/acceptance committee. Successful audits will undergo several rounds of interviews in Hollywood before filming begins in June 2023. The show will be broadcasted across major streaming services and HELLO Labs’ on demand Hello TV series.
“Killer Whales show is a start of a new bull market, where only credible ideas, products, and founders deserve to get the spotlight. We at Hacken being zero-trust advocates join the project as a security partner to check the reliability of each project applying for Killer Whales and ensure it is a trustworthy competition show. On top of that, throughout episodes, we will help viewers learn the ropes of independent research that must be performed before engaging with any project in Web3. Honoured to be part of this great project and we will put all our efforts to filter bad actors from the show,” said Dyma Budorin, Co-Founder and CEO of Hacken.
Since 2011, more than $16.7 billion worth of cryptocurrency has gone missing as a result of various hacks and scams throughout the industry. So far in 2023, more than $100 million has been stolen in crypto with DeFi protocols and NFTs being the top target for attackers. Security audits and cybersecurity is becoming more important than ever, with an urgent need to create Web3 a safer space by protecting projects from being hacked.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. Blockchain security auditor Hacken is partnering with “Killer Whales”, a reality TV show by HELLO Labs and co-produced by CoinMarketCap and AltCoinDaily, producing ‘the Shark Tank of Crypto.’ As part of due diligence and acceptance, Hacken will ensure all projects to undergo scrutiny testing of their projects by applying on their own website.
The show will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges and entrepreneurs which will have the biggest names in Web3 and Web2. HELLO Labs was founded by Paul Caslin, producer of the MTV VMA awards.
“As the Web3 space continues to learn and develop, the need for transparency and factual information continues to grow and Killer Whales is an ideal vehicle to help fulfil that growing need. To achieve that goal, Killer Whales implements strict due diligence for all the projects that pitch, and Hacken’s experience with industry standard assessment methodology will be very important to the show.”, said HELLO Labs CEO Sander Gortjes in a statement.
The security and strategy insights delivered by Hacken on every project applying on “Killer Whales” aim to serve as security audits for viewers all around the world before they engage with projects as well as the HELLO Labs due diligence/acceptance committee. Successful audits will undergo several rounds of interviews in Hollywood before filming begins in June 2023. The show will be broadcasted across major streaming services and HELLO Labs’ on demand Hello TV series.
“Killer Whales show is a start of a new bull market, where only credible ideas, products, and founders deserve to get the spotlight. We at Hacken being zero-trust advocates join the project as a security partner to check the reliability of each project applying for Killer Whales and ensure it is a trustworthy competition show. On top of that, throughout episodes, we will help viewers learn the ropes of independent research that must be performed before engaging with any project in Web3. Honoured to be part of this great project and we will put all our efforts to filter bad actors from the show,” said Dyma Budorin, Co-Founder and CEO of Hacken.
Since 2011, more than $16.7 billion worth of cryptocurrency has gone missing as a result of various hacks and scams throughout the industry. So far in 2023, more than $100 million has been stolen in crypto with DeFi protocols and NFTs being the top target for attackers. Security audits and cybersecurity is becoming more important than ever, with an urgent need to create Web3 a safer space by protecting projects from being hacked.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. Victoria, Seychelles, May 8, 2023 – Bitget, top crypto derivatives and copy trading platform, has announced the launch of a new feature, Super Airdrop, for its platform token BGB. With this new feature, eligible BGB holders will receive airdrops of any new crypto asset listed on Bitget.
The Super Airdrop feature will kick off with a promotion that starts on May 8, 2023. BGB holders are encouraged to deposit in advance to receive their free airdropped tokens for the next crypto asset listed on Bitget. Further details about minimum BGB holdings are available on Bitget’s announcement page.
Super Airdrop enables BGB holders to receive airdrops of every new crypto asset listed on Bitget. To qualify for the Super Airdrop rewards, BGB holders must hold a minimum of 4,000 BGB for 15 consecutive days leading up to the airdrop registration. Bitget will determine registrants’ allocations based on their average BGB holdings during the 15-day qualification period.
Super Airdrop is the latest in a series of initiatives by Bitget to build real and meaningful value around BGB. Additional benefits have been outlined in BGB’s recently released updated whitepaper, including BGB lotteries, zero-fee futures trading, exclusive earning services, and BGB buybacks. According to a report by TokenInsight, BGB is the only exchange token that outperformed Bitcoin and Ethereum with 120% growth in Q1 2023.
About Bitget
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, contact: media@bitget.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
PRESS RELEASE. Victoria, Seychelles, May 8, 2023 – Bitget, top crypto derivatives and copy trading platform, has announced the launch of a new feature, Super Airdrop, for its platform token BGB. With this new feature, eligible BGB holders will receive airdrops of any new crypto asset listed on Bitget.
The Super Airdrop feature will kick off with a promotion that starts on May 8, 2023. BGB holders are encouraged to deposit in advance to receive their free airdropped tokens for the next crypto asset listed on Bitget. Further details about minimum BGB holdings are available on Bitget’s announcement page.
Super Airdrop enables BGB holders to receive airdrops of every new crypto asset listed on Bitget. To qualify for the Super Airdrop rewards, BGB holders must hold a minimum of 4,000 BGB for 15 consecutive days leading up to the airdrop registration. Bitget will determine registrants’ allocations based on their average BGB holdings during the 15-day qualification period.
Super Airdrop is the latest in a series of initiatives by Bitget to build real and meaningful value around BGB. Additional benefits have been outlined in BGB’s recently released updated whitepaper, including BGB lotteries, zero-fee futures trading, exclusive earning services, and BGB buybacks. According to a report by TokenInsight, BGB is the only exchange token that outperformed Bitcoin and Ethereum with 120% growth in Q1 2023.
About Bitget
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, contact: media@bitget.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
PRESS RELEASE. Lawyers from Regulated United Europe have conducted a global analysis of 28 European Union countries for the presence of legislation in the field of cryptocurrency and regulatory requirements for companies working in this sector, as well as the ease of launching a crypto project and obtaining a crypto license and are pleased to present the results of our many months of work – the three best countries to launch a crypto project in Europe in 2023.
Crypto License in Lithuania
There is a possibility of legal provision of services for the exchange and storage of cryptocurrency in Lithuania.
To date, there are a number of transparent, stipulated by the Law requirements for Virtual Currency Exchange Operators and Virtual Currency Depository Wallet Operators by the regulator (FCIS), which is an undeniable advantage, because in the vast majority of other EU countries, the legal requirements for crypto companies are still vague and can be interpreted in different ways.
Ability to quickly launch the project (from one month), no need to have a physical office in Lithuania, ability to build a dialogue with the regulator and receive answers to questions about the legislation in the field of virtual assets, fully remote purchase or license, as well as a high position of Lithuania in the authoritative World Bank Report Doing Business is a small part of the advantages of Lithuania over other countries.
In addition, since February 1, 2023 in Lithuania, there is a public list of legal entities that operate as a virtual currency exchange operator, which positively affects the reputation of licensed cryptocurrency companies. At the moment, there are more than 350 crypto licenses in Lithuania.
Having conducted research on more than 20 parameters, as of 2023, Regulated United Europe lawyers concluded that Lithuania is the most friendly country to launch a crypto project.
Crypto License in the Czech Republic
Among other European Union countries, the Czech Republic highlights the state’s liberal approach to cryptocurrencies and minimal bureaucracy.
From the main advantages of the Czech Republic as a country for the start of the project in the field of virtual assets, the lawyers of our company identified the following:
According to lawyers from Regulated United Europe, the Czech Republic is a very promising country for the implementation of the crypto project and our company will be happy to provide you with detailed advice on obtaining a crypto license in the Czech Republic and to implement your project in the shortest possible time.
Crypto License in Bulgaria
Bulgaria has the lowest taxes in the European Union – income tax for individuals in Bulgaria is 10%, and income tax rate is also 10%, which is significantly lower than in the rest of the EU. Bulgaria’s main advantage over other EU countries is the possibility of obtaining a crypto license in Bulgaria for foreign legal entities. There is an open and publicly accessible Register of Persons Who Exchange Between Virtual and Recognized Currencies, Not Backed by Gold, and Wallet Providers.
Research findings
After a 9-month analysis of the legislation of 28 European Union countries, the lawyers of RUE came to the following conclusions:
If someone would like to bring their project to the European Union market, with more than 440 million people, contact the lawyers from Regulated United Europe and receive detailed legal analysis of their project and recommendations for its implementation in one of the European Union countries.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments
The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.
PRESS RELEASE. Lawyers from Regulated United Europe have conducted a global analysis of 28 European Union countries for the presence of legislation in the field of cryptocurrency and regulatory requirements for companies working in this sector, as well as the ease of launching a crypto project and obtaining a crypto license and are pleased to present the results of our many months of work – the three best countries to launch a crypto project in Europe in 2023.
Crypto License in Lithuania
There is a possibility of legal provision of services for the exchange and storage of cryptocurrency in Lithuania.
To date, there are a number of transparent, stipulated by the Law requirements for Virtual Currency Exchange Operators and Virtual Currency Depository Wallet Operators by the regulator (FCIS), which is an undeniable advantage, because in the vast majority of other EU countries, the legal requirements for crypto companies are still vague and can be interpreted in different ways.
Ability to quickly launch the project (from one month), no need to have a physical office in Lithuania, ability to build a dialogue with the regulator and receive answers to questions about the legislation in the field of virtual assets, fully remote purchase or license, as well as a high position of Lithuania in the authoritative World Bank Report Doing Business is a small part of the advantages of Lithuania over other countries.
In addition, since February 1, 2023 in Lithuania, there is a public list of legal entities that operate as a virtual currency exchange operator, which positively affects the reputation of licensed cryptocurrency companies. At the moment, there are more than 350 crypto licenses in Lithuania.
Having conducted research on more than 20 parameters, as of 2023, Regulated United Europe lawyers concluded that Lithuania is the most friendly country to launch a crypto project.
Crypto License in the Czech Republic
Among other European Union countries, the Czech Republic highlights the state’s liberal approach to cryptocurrencies and minimal bureaucracy.
From the main advantages of the Czech Republic as a country for the start of the project in the field of virtual assets, the lawyers of our company identified the following:
According to lawyers from Regulated United Europe, the Czech Republic is a very promising country for the implementation of the crypto project and our company will be happy to provide you with detailed advice on obtaining a crypto license in the Czech Republic and to implement your project in the shortest possible time.
Crypto License in Bulgaria
Bulgaria has the lowest taxes in the European Union – income tax for individuals in Bulgaria is 10%, and income tax rate is also 10%, which is significantly lower than in the rest of the EU. Bulgaria’s main advantage over other EU countries is the possibility of obtaining a crypto license in Bulgaria for foreign legal entities. There is an open and publicly accessible Register of Persons Who Exchange Between Virtual and Recognized Currencies, Not Backed by Gold, and Wallet Providers.
Research findings
After a 9-month analysis of the legislation of 28 European Union countries, the lawyers of RUE came to the following conclusions:
If someone would like to bring their project to the European Union market, with more than 440 million people, contact the lawyers from Regulated United Europe and receive detailed legal analysis of their project and recommendations for its implementation in one of the European Union countries.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments
The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.
PRESS RELEASE. As Bitcoin becomes an increasingly popular payment option, we can now use BTC for quick ordering and online shopping in many countries/regions. You can even buy a car with BTC in some places. None of this would be possible without Laszlo Hanyecz, a Bitcoin pioneer who bought two pizzas with 10,000 bitcoins 13 years ago. This is the first time Bitcoin has been priced. Since then, this crypto has been attached with genuine exchange value.
Nearly 13 years have passed since that “pizza transaction”. To commemorate the occasion, Bitcoin enthusiasts have designated May 22 as Bitcoin Pizza Day, which has evolved into a major festival celebrating the advancement of crypto. As the crypto community prepares for the 13th Pizza Day in May 2023, CoinEx has also planned a “pizza” feast with multiple giveaway events to help users review the history of crypto, experience crypto culture, and have fun during CoinEx Pizza Month!
So, what events does CoinEx Pizza Month include? How to participate in those events? Let’s take a look.
Date: 00:00 May 1 to 00:00 May 22, 2023 (UTC)
Starting from 00:00 May 1, 2023, all CoinEx users can join the event by sharing their investment stories via CoinEx’s official channels. Share your investment story on CoinEx or your experience with BTC to win mystery prizes and CET rewards!
2. CoinEx Vouchers for Grabs!
Date: 00:00 May 11 to 00:00 May 22, 2023 (UTC)
Event link: The event will soon be released via CoinEx’s official website and official channels. Please stay tuned!
During the event, all new users can visit the CoinEx website through the designated link, and complete tasks including registration, deposit, and trading to receive CoinEx Pizza Month rewards of up to 10 USDT! CoinEx offers beginner tutorials covering crypto basics such as deposit, spot trading, and crypto finance to help new users get started with its products effortlessly and enjoy easy, seamless crypto trading experiences.
3. CETer Challenge
Date: 00:00 May 10 to 00:00 May 25, 2023 (UTC)
During the event, all CoinEx users can sign up for the “CETer Challenge” via CoinEx’s official channels. Join the event via the following simple steps:
Become a CETer to win mystery rewards!
4. Interact with CoinEx to Win Surprise Gift Packages!
Date: 00:00 May 26 to 00:00 May 31, 2023 (UTC)
During the event, users can interact with CoinEx’s official channels and comment on #What Web3 Blockchain Applications Do You Know? to win surprise gift packages!
Rules:
Apart from all the events above, during CoinEx Pizza Month, we will also release informative content such as story posters and posters indicating the value exchange between trending cryptos and pizzas to help beginners dive into the history of crypto. Join the pizza carnival to spend an unforgettable Pizza Month on CoinEx!
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Source From : News