Blockchain
Saitama Inu Whales Join Bitrise Coin After Meeting
- Fast building of the DeFi protocol.
- The platform offers attractive rewards to users.
- Bitrise coin has innovative and attractive tokenomics.
New York, New York–(Newsfile Corp. – December 2, 2021) – Recently, Saitama Inu whales joined the Bitrise coin. The latest FBI warning on the Coinmarketcap exchange has greatly injured Saitama Inu’s image. The coin is yet to regain its fast growth rate before the warning. Already, community members are looking for coins with real utility and as a development plan.
Bitrise
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Bitrise coin, a still mooning crypto coin, is a crypto coin that has been performing very well since the BRISE token launched on 28th July 2021.
Unlike Saitama Inu, which is a Meme coin, Bitrise coin is built on a solid foundation, which is the ongoing Bitrise decentralised financial system. But it is the Bitrise Tokenomics, staking rewards, and fast accomplishments that have attracted the whales to join this coin.
Unlike most DeFo projects of its age or even old, Bitrise has accomplished a lot in four months. The team has already developed Bitrise has Bitrise Audits, Techrate Audi, and dApp wallet, which are products running in its ecosystem.
The team has also announced that its exchange will launch in Q1 2022 and that blockchain research has started. Such development accomplishments have convinced Saitama whales to join Bitrise coin after a meeting.
The recently announced Bitrise staking process, which the team says will be at the end of November, is one of the project’s biggest milestones and has increased the number of Saitama Inu community members joining the coin.
The attractive staking rewards is a key reason why these whales have joined the coin. Bitrise is sharing 80% APY of the revenue generated by the products in its ecosystem among staked tokens. With Bitrise Audits, Techrate Audi, and dApp wallet and the exchange coming soon, the platform is going to generate a lot of income for the tokens staked.
The Bitrise coin tokenomics continues to attract many crypto users, not just Saitama whales. BRISE is a hyper-deflationary token where token supply keeps depreciating. The ever-increasing token scarcity keeps the coin’s demand and price growing high, which is what all users want.
The Bitrise buyback contract buys back tokens from the liquidity pool and burns them automatically. The automated buyback process is funded by the 5% of the tax collected on token transactions, which is 12%.
Saitama Inu whales are also coming to get the 4% of the tax collected, which is redistributed as a reward to all token holders for just holding the tokens. Redistributed as BNB, the reward is automatically sent to the token holders’ wallets every 60 minutes. Crypto users are guaranteed this static income for just holding tokens.
Bitrise has been listed on big exchanges such as MEXC Global, LBank, and Bitmart, making it more available to Saitama Inu and other users. Follow Bitrise coin social media platforms for the latest updates!
Media Contact
John K
Email: [email protected]
Website: https://www.bitrisetoken.com
Telegram: https://t.me/bitrisetoken
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106283
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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