Schlagwort: crypto business

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Dubai’s Virtual Assets Regulatory Authority to launch headquarters in The Sandbox

Dubai’s Virtual Assets Regulatory Authority (VARA) has announced that it shall create a metaverse headquarters in The Sandbox virtual world. The virtual headquarters shall be referred to as “MetaHQ” and shall be based at an unknown location within The Sandbox virtual world.

The launch of “MetaHQ” is part of Dubai’s attempts to become a virtual asset hub.

In a statement to WAM news agency, the Crown Prince of Dubai and Chairman of the Dubai Executive Council, Sheikh Hamdan bin Rashid Al Maktoum, said:

“Our presence in the metaverse… marks the beginning of a new phase in the Dubai government’s march for the future; one that will have a positive impact in the long run.”

The role of the “MetaHQ”

The VARA has not provided a lot of details about the actual role of the MetaHQ.

The VARA however said that the virtual headquarters would:

“serve as its primary channel to engage [Virtual Asset Service Providers] across the globe to initiate applications, enable younger licensees [to] enter the metaverse, openly share knowledge and experiences with consumers and peer regulators to raise awareness, enable safe adoption, and drive global interoperability.”

The development shows how fast Dubai is turning into a crypto hub after the VARA was launched at the beginning of March. VARA was created to aid in advancing the legal framework and regulatory system of virtual assets in the UAE and specifically in Dubai.

Among other things, crypto firms wishing to operate in the UAE must obtain a crypto license from the VARA. The VARA was also assigned the duty of regulating the activities of asset managers and custodians within the crypto space in the UAE.

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Bit2me launches a new office in Brazil to expand its operations

Bit2me, a Spanish cryptocurrency exchange, has taken a bold step to expand its operations to Latam. According to a local media statement, Bit2me announced that it has established a new office in Brazil that will tackle compliance tasks. This is one of the operation strategies the exchange has introduced in Spanish-speaking countries. 

According to Bit2me, Brazil is a key factor because of its high number of crypto users and the crypto market. In support of this Bit2me CFO, Pablo Casadio said:

‘’Brazil is a key country in the entry of Bit2me in Latin America since more than 20 million Brazilians already invest in cryptocurrencies, which shows their interest in learning about this new technology.’’

For smooth operations in the country, the exchange onboarded former Binance employee, Ricardo Da Ros, to oversee its expanding operations in the country. The exchange is very optimistic about Da Ros’s entry into the Brazilian market since he will be able to educate customers more about the crypto market and bitcoin.

He stated:

‘’I believe that with Bit2me we will be able to improve the knowledge of cryptocurrencies in Brazil and bring Satoshi Nakamoto’s idea closer to all Brazilians interested in this revolution.’’

Compliance-based services approach

The exchange has always believed in a compliance-based service approach; besides, it was the first exchange to be issued a virtual asset service provider (VASP) license by the Bank of Spain back in February.

From the look of things, the compliance idea might be introduced to Brazil’s operations since the exchange already has a setup that will secure customer transactions.

According to the exchange, the office will help in the prevention of finance terrorism and money laundering. This will boost the exchange power over its competitors that are operating outside the country, besides, Brazil is working on the approval of a crypto law that will regulate virtual asset service provider operations.

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PETO is down 10%, is it time to buy the dip? Here’s where to buy PETO

The token of Petoverse hit an all-time high on May 1 and its ads went live on Etherscan, which the platform’s team considered an amazing step forward in their “non-stop marketing campaign.” 

Since then, PETO has lost just under a tenth of its value. 

Look no further than this short article for all the details about PETO: what it is, is it worth investing in, and the best places to buy PETO now.

Top places to buy PETO now

As PETO is such a new asset, it’s yet to be listed on major exchanges. You can still purchase PETO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy PETO right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for PETO

Now that you’re connected, you’ll be able to swap for 100s of coins including PETO.

What is PETO?

Petoverse bills itself as the first metaverse project to reward users with a decentralized financial asset that has a sustainable fixed compound interest model. This is made possible through the use of PETO’s auto-staking protocol.

The platform is crossing frontiers by integrating the metaverse MMORPG concept with a truly unique auto-staking protocol. 

It promises to pay fixed APY every 15 minutes. Users’ portfolios have the potential to grow dramatically thanks to the simple system the platform utilizes: buy, hold, earn. 

Should I buy PETO today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

PETO price prediction

Digital Coin Price is quite bullish on PETO. They make the following forecast:

  • 2022: $10 – $11.39
  • 2023: $10.80 – $13
  • 2024: $9.95 – $13.34
  • 2025: $14 – $17.83  

PETO on social media

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Top places to buy HNT, which is back on track and climbing

Helium’s coin HNT dipped after a recent rally, but it’s starting to gain again. There has been some positive news around it. 

The Helium network unveiled new Hotspots, its 5G ecosystem grew exponentially in a year, GigSky launched the first cell plan, and Dish joined as the first major carrier.

HNT is up 16% so far today. If you want to know what HNT is, can it give you good returns, and the top places to buy HNT, you’ve come to the right place.  

Top places to buy HNT now

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy HNT with FTX today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy HNT with Swapzone today

What is HNT?

HNT is the token of Helium, a decentralized blockchain-powered network for Internet of Things (IoT) devices. It enables low-powered wireless devices to communicate and transmit data across its network of nodes.

These nodes are called Hotspots, which were mentioned earlier. They are a combination of a blockchain mining device and a wireless gateway.  

Helium is most interesting to device owners and people invested in the IoT space. Financial incentives provide further outreach possibilities.

The network allows nodes in a network to reach consensus even with inconsistent connection quality. This is because it runs on a new algorithm called proof-of-coverage, based on the HoneyBadger BFT protocol. 

Should I buy HNT today?

HNT can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

HNT price prediction

Digital Coin Price predicts Helium will reach $29 by the end of 2022. In 2025, they believe it will have gone all the way up to $40.17.

GOV Capital is even more bullish on HNT long-term. They predict the coin will pass $70 in November this year. In 2027, 1 HNT will be worth a staggering $860. 

HNT on social media

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Algorand is rallying on lucrative partnership, up 19%: here’s where to buy Algorand

Algorand logo on a white background of a cell phone

After announcing it has become FIFA’s official blockchain, Algorand went on a wild rally. Apart from adding almost a fifth to its value, it saw a spike in trading volume of 386%. 

If you are attracted to unique features and want to learn how and where to buy Algorand, this guide is for you. 

Top places to buy Algorand now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy ALGO with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ALGO with Capital.com today

What is Algorand?

Algorand is a decentralized, self-sustaining, blockchain-based network which supports a wide variety of applications. It is scalable, secure, and efficient, which justifies FIFA’s decision to choose it as their official blockchain partner. 

Algorand is capable of supporting computations that require performance guarantees to build new forms of trust. 

It was invented to improve efficiency and speed in response to the slow transactions on Bitcoin and other older blockchains. 

Algorand comes with low transaction fees. It is based on a permissionless, proof-of-stake (PoS) blockchain protocol and does not involve mining for this reason. 

Should I buy Algorand today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Algorand price prediction

According to Price Prediction.net, the future of Algorand is bright. It will go up to at least $1.36 in 2023, which is almost twice its current price. It can reach a maximum level of $1.64 that year. 

In 2024, it will trade for at least $1.97. The maximum level it can reach is $2.38 with the average trading price of $2.04. In 2025, the price of 1 ALGO is expected to reach at least $2.89.

Algorand on social media

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