Tag: Bitcoin ATM
Bitcoin ATMs Illegal in the UK, Regulator Says
The FCA “warned” crypto ATM operators in the UK to “shut their machines down” or “face enforcement action”
The post Bitcoin ATMs Illegal in the UK, Regulator Says appeared first on Blockworks.
Vibe killers: Here are the countries that moved to outlaw crypto in the past year
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools.
Crypto Scam Websites Remain A Major Concern As Crypto Wave Engulfs India
This year has seen a surge in cryptocurrency investment all around the world, and India was no exception. According to recent research, the world’s second-most populous country is poised to be a major player in the global crypto market. Coinstore’s daily traded volume has increased dramatically since it began active operations in June 2021, increasing from $10,000 to $40 million per day. Asian and African countries, which account for over 70% of the market, have seen rapid expansion. But this development came with an even greater price last year. According to statistics from blockchain analytics firm Chainalysis, Indians have visited bogus crypto websites in droves in recent years. Last year, Indians visited crypto scam websites 9.6 million times. The figure was substantially greater in 2020 when Indian users visited crypto scam websites 17.8 million times. Coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app were the top cryptocurrency scam websites frequented by Indians in the past year, according to Chainalysis. Enforcement Directorate confiscate assets worth about $5 million Several Bitcoin scam instances have been investigated by Indian authorities. The country’s Enforcement Directorate (ED) confiscated assets worth $5 million earlier this month in connection with an alleged cryptocurrency scam using Morris Coin. Scams using cryptocurrency are a top priority for regulators around the world. Crypto frauds are at the top of the North American Securities Administrators Association’s (NASAA) “annual list of top investor concerns,” according to the organization. Furthermore, the US Federal Trade Commission (FTC) recently issued a warning to customers concerning Bitcoin ATM scams.
The post Crypto Scam Websites Remain A Major Concern As Crypto Wave Engulfs India appeared first on Cryptoknowmics-Crypto News and Media Platform.
GCBC is Giving Rare NFT Holders a Seat at the Owner’s Table
TORONTO, ON, Jan 18, 2022 - (ACN Newswire) - Great Canadian Beaver Club [GCBC], an original and private club with a collection of over 10,420 NFTs, has announced its decision to offer holders of these rare NFT memberships a seat at the owner's table. Tagged the first community structured NFT platform, GCBC is allowing these holders to sit and speak for the community.
The first Canadian club with no borders, GCBC has a clear roadmap first of which includes the launch of its decentralized finance [DeFi] app which will be a free-to-use platform for all GCBC holders. In addition to this, this private club seeks to incentivize token holders by offering them an opportunity to stake GCBC NFT memberships to earn $PELT tokens. A 30-day pre-stake or burn period has been integrated into the contract. Members must stake for 30 days before rewards are issued. $PELT Tokens that would be rewarded if staked will be sent to a burn address if not staked, creating a deflationary supply of $PELT.
$PELT tokens, furthermore, will have in-app usage—allowing owners to execute transactions and undertake tasks on the network.
An impressive feature of this exclusive Canadian club is its firm resolve to foster proper compensation of token holders and community members alike. As part of its plans to deliver this, a community bank has been initiated. To fund this bank, GCBC has partnered with one of the leading Bitcoin ATM providers, and according to the details of the agreement, 100% of the revenue generated will be sent to the bank. That's not all, 50% of aftermarket sales, starting from day 1, will be sent to the bank as well as 20% of the total supply of $PELT.
Yet another impressive feature of GCBC is the Most Valuable Beaver [MVB] facet. Aimed at rewarding beavers for their extensive work towards the growth of the club, this feature will aid in the promotion of a role-based colony where constant support is appreciated and rewarded.
GCBC Lodges - Giving NFT Holders a Seat at the Owner's Table
Giving holders private access and input in the overall decision-making process, GCBC has instituted an array of lodges. First of these lodges is the Political Lodge which will give these NFT holders exclusive access to govern the colony based on a set of evolving guidelines.
The Beavers Den, on the other hand, will give GCBC NFT owners access to make input on blockchain investments to diversify their portfolios. The Celebrity, Technology, and Party Lodges will give holders of these rare NFTs access to make input on advertising campaigns, technological developments for the colony, and planning of exclusive annual parties, respectively.
About GCBC
The Great Canadian Beaver Club otherwise referred to as GCBC is an exclusive club with a collection of 10,420 rare and unique NFTs which exist on an ERC-721 contract on the premier DApp network, Ethereum. Comprising 250+ hand-drawn traits from talented artist Dino Tomic, each of these NFTs is one of a kind. Aimed at giving these membership holders access to a plethora of lodges and incentives, GCBC is offering these owners seats at the decision-making table.
Social Contact
Twitter: https://twitter.com/GCBClub
Instagram: https://www.instagram.com/gcbclub/
Discord: https://discord.gg/bwStYB42zT
Media Contact
Mark, CEO, Great Canadian Beaver Club [GCBC]
Email: [email protected]
Website: https://gcbnft.io
SOURCE: Great Canadian Beaver Club [GCBC]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Crypto ATM Market Expected to Hit $1.88B by 2028 with CAGR of 59.2%
The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc. (Read More)
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