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Amnext Launches their Prize Pools Series to Save Cryptocurrencies for Users

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Amnext brings a revolution in classic saving methods by launching multiple No Loss Prize Pools where users can easily save Cryptocurrencies and gain the possibility to earn direct and passive incomes with lower risks.

Amnext is solving the ever-evolving issues of standard lottery systems which are created to produce profit without considering the negatives they bring. For example, CNBC reported that in the United States, “Spending on lotto tickets adds up to about $1,038 each year per consumer, according to a recent survey commissioned by Bankrate of over 2,300 U.S. adults”. (Leonhardt, 2019). A study conducted by Ann Carnahan talks about Compulsive Gambling in lotteries: “There is growing evidence that the new games the lotteries have introduced to increase sales are more addictive, and are compounding the problem of compulsive gamblers. Dr. Lance Dodes, Director of the Center for Problem Gambling at Mt. Auburn Hospital in Cambridge Massachusetts, estimates that 40% of his patients are lottery players.”

This is something that Amnext has set out to solve.

The No Loss Prize Pools has been developed on the Binance Smart Chain, bringing to the world a fun and easy way to save money and gain profits. The creators combined the power of Blockchain and DeFi with a Lottery to create something unique and helpful for saving money and winning at the same time.

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The platform allows all individuals the possibility of earning passive income through multiple methods. The first method is the AMC Machine, which provides a standard high-interest yield in $AMC tokens. The second one lets users save money by depositing funds into the No Loss Prize Pools and receiving back No Loss Tickets, which entitle them to win prizes until they decide to withdraw the funds. Thus, the lucky winners get the pool prizes and their tickets back at the end of each prize draw. However, this game is unique because players who don’t win also get their tickets back. Thus, everyone involved keeps their money safe. The Amnext Prize Pools uses a smart system to fund the prizes, the funds deposited earn interest in staking pools and at the end of each day, it is accrued to generate the jackpots. The third feature that has been designed is the Lifetime Lottery system. This allows investors to buy lifetime tickets and create affiliate networks that bring them direct and passive incomes. Something unique and straightforward happens; the participants acquire an infinite chance to win and the right to participate in the lottery drawings forever.

Features Overview

  • No Loss Prize Pool: The No Loss Prize Pool is composed of pools of funds whose accrued interest is distributed as prizes. The concept is well-established and otherwise known as “Prize Linked Savings Account”. All prize games created by the protocol share the same fundamental characteristics.
  • Lifetime Ticket: Lottery tickets that are valid for life. Users can buy lifetime tickets and get the opportunity to win grand prizes for the rest of their life as well as gain profits thanks to the articulated network marketing system.
  • Yield Sources: Amnext has a staking protocol named AMC Machine; it is used as the yield prize generator for the AMC Lifetime Pool and the primary AMC No Loss Prize Pool. Other Prize Pools use the Venus Protocol yield sources and the PancakeSwap syrup pool as yield prize generators.
  • Loot Box: The Loot Box is an incentive in AMC tokens, added to the Grand Prizes of the Prize Pools. The Loot Box is generated from 20% of the AMC minted per block.
  • AMC Machine: Users can stake AMC Tokens and generate more AMC to increase their profits significantly.

Fabio Pizzingrilli, the CEO said, “The Amnext ecosystem is built around two concepts; change the entire lottery system and offer people around the world a safe and easy way to save money and earn profits.”

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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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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