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Bitget Exchange Launches BGB Staking Service

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Victoria, Seychelles–(Newsfile Corp. – April 26, 2023) – Bitget has officially launched a BGB staking service that offers users a better experience. Available to all Bitget.com users, even without KYC verification, stake BGB to withdraw assets with no withdrawal fees.

Bitget Exchange Launches BGB Staking Service

Terms and conditions:

  1. Zero withdrawal fees: the daily number of zero fee withdrawals depends on user staking amount. See below for details.
Level Zero fee withdrawals Staked BGB
1 1 2,500
2 3 12,500
3 10 60,000
4 30 240,000
5 100 1,000,000

 

  1. Supported coins: All except for burn coins (burn coins: GM (ERC20), PIT (BEP20), BABYDOGE (BEP20), BOT (BEP20), CULT (ERC20), PAXG (ERC20), VOLT (BEP20), VOLT (ERC20), LUFFY (ERC20), TUP (ERC20), TUP (BEP20), GVR (BEP20), CATE (BEP20), BRISE (BEP20), SAITAMA (ERC20), GRV (BEP20), ARBINU (Arbitrum One), HAMI (Arbitrum One), BOO (Arbitrum One), MUTE (ERC20), FAST (BEP20), LUNC (Terra), USTC (378), JNS (C-Chain)) and BTC on the BTC network. User can enjoy complimentary withdrawals on all other coins.

  2. Redemption: redeem the tokens in BGB staking every seven days, after when users get their staked BGB back. Users can also pay a 2% fee to redeem it immediately and get their BGB tokens in ten minutes. All redemptions can be partial or in full. During the redemption period, the status will be shown as redeeming.

  3. Staking profit: stake BGB to get a 2% APY. If users stake on day D, interest will be from day D+1 and distributed from day D+2. Afterwards, interest will be calculated and distributed to user’s spot accounts daily. During the redeeming period, no additional interest will be distributed.

Stake now

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About Bitget

Bitget, established in 2018, is the world’s leading cryptocurrency exchange with a core focus on copy trading. 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.

Please join the BGB community to get more BGB-related updates.

Join Bitget, the World’s Largest Crypto Copy Trading Platform

Sign up on Bitget now >>>
Follow Bitget on Twitter >>>
Join Bitget’s Community >>>

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PR Contact:

ZEX PR WIRE
https://zexprwire.com/
[email protected]

Disclaimer:

Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163810

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Global Fintech Market Size To Worth USD 1009.10 Billion By 2033 | CAGR Of 14.01%

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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