Can Cryptocurrencies Be Regulated? — VAULT Cryptocurrency Blockchain News #39
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If you look at any news about cryptocurrencies this week, then you can’t help but see a lot of news about regulation. The regulation rumors tend to flare up when prices change dramatically. The recent plunge in cryptocurrency prices has resulted in a lot of inexperienced traders losing millions of dollars. This tends to result in politicians trying to score points by “rescuing” investors from the evils of cryptocurrency.
In the US, the Biden administration quickly declared that there must be a government-wide consensus on what to do about cryptocurrency and that a nationwide strategy is being developed.
Last week, Russia flirted with plans to ban cryptocurrencies. This week President Putin rethought his position when he considered how abundant cheap energy and a highly skilled and educated technical labor force puts Russia at a distinct advantage to profit from mining operations in their country.
Turkey has been looking over legislation to further regulate cryptocurrencies and the metaverse.
Smaller countries such as Venezuela and Botswana have introduced legislation to help protect from fraud and guide new and developing businesses in cryptocurrency.
Corruption and fraud continue to be highlighted in most news reports dealing with cryptocurrencies, and agencies like the Internal Revenue Service in the United States and Europol internationally have recently commented on the large amount of corruption and fraud they are dealing with in cryptocurrency.
The main question is, how will increased regulation of crypto affect prices? This week we saw an article in the money section of U.S. News & World Report to address this concern.
The general consensus is that greater regulation may lead to more use of DeFi. The main reason is that countries may find it hard to regulate decentralized protocols that are not based in their country. Time will tell if this is true or not.
VAULT Crypto News This Week
Sunsetting of Minimum Guaranteed Price (MGP) Program
Effective today, we’re sunsetting the Minimum Guaranteed Price (MGP) program due to the loss of funding by our silent investor. We plan to continue buybacks to help support price as we have always done before MGP made it official.
VAULT Investments Team
MasterWin (MW) and Zenzo (ZNZ) Delisting Notice
MasterWin (MW) developer requested delisting and Zenzo (ZNZ) appears to have closed, so we plan to delist both on January 28th, 2022. Could all MW and ZNZ holders please withdraw those coins from VAULT platform as soon as possible. We will take note of any remaining holdings and some can possibly be retrieved in the future by submitting a support ticket.
VAULT Investments provides a service to clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR.
VAULT Investments Team
VAULT Coin’s Market Performance This Week
We finished out the week at $3.75, which is up slightly from last week’s price of $3.71. We had a lot of volatility in the price on Friday when the discontinuation of the Minimum Guaranteed Price (MGP) was announced. We saw a high of $4.12 drop to $2.27 before bouncing back to stabilize at $3.78.
We saw an average of $2,262.00 traded daily. This is down slightly from last week’s average daily volume of $2,292. This maintains us above the $2,000 daily level.
VAULT coin trades on SouthXchange and Hype Coin Exchange and we continue to see a majority of trading occurring on SouthXchange.
VAULT’s current price average across all exchanges is 9,992 Satoshi (0.00009992 BTC).
Crypto Spotlight
Since we are doing away with the Minimum Guaranteed Price (MGP) program, VAULT is starting the process of decoupling from Bitcoin. Bitcoin has proven to be a strong and steady performer, but newer, more innovative projects have proven to provide better returns over the last couple of years.
In this section of the report, I wanted to highlight some possible new and innovative cryptocurrency projects that might help increase your crypto portfolio. Nothing I say, write or do is financial advice, and I recommend that you never buy or sell anything based on my words or actions. Always do your own research and make your own well-informed decisions when it comes to investing your hard-earned money.
If you know of a promising project you would like me to highlight in a weekly update, please contact me on Discord, and I’ll pick the most popular one each week.
This week I wanted to highlight perhaps the most successful launch of a crypto project ever. This project is launching via a sacrifice phase and has raised over $1 billion in sacrifices so far and still has almost another month to go. The amazing thing is there is very little mention of it by any of the big crypto promoters.
This project is the third official cyptocurrency being designed and offered by Richard Heart. The project is known as PulseX. It will be a fork of Uniswap V2 and will be the major, decentralized exchange on the Pulse network.
In case you missed the previous sacrifice for PulseChain, it will be a fork of Ethereum that has integrated all the features of Ethereum 2.0, which include moving to Proof of Stake, higher transaction speeds, delegated staking and massively lower transaction fees.
PulseX has unique tokenomics and is poised to be the biggest yield farming platform yet as ERC-20 holders will get free copies of their cryptos on PulseChain when the fork happens.
Like Pulse, PulseX is designed as a deflationary token. No additional coins will ever be minted and a portion of the trading fees could be used to buy and burn existing coins.
So why are people sacrificing so much money for this project? The answer is a cryptocurrency called HEX. It was the first coin designed by Richard Heart. In less than 2 years its price went up 10,000X. It created a large group of loyal followers who now are holding millions of dollars worth of cryptocurrency. These followers are known as Hexicans and they have sacrificed an amazing 2,165,554,852 HEX tokens worth $553,941,090 to support the belief that freedom of movement and assembly are protected human rights and potentially receive PulseX tokens when PulseChain goes live.
You can still sacrifice for PulseX, and the rate of points per dollar decreases (the price of points increases) every day. Each point potentially equals one PulseX token.
If you want more information, here are some useful links:
PulseX.com
PulseX.info
PulseXlead.com
PulseChain.com
Hex.com
Twitter: @RichardHeartWin
YouTube:https://youtube.com/RichardHeart
Instagram: https://instagram.com/RichardHeartOfficial
Telegram: https://t.me/RichardsCalls
Cryptocurrency News This Week
MORE ADOPTION MAY NOT LEAD TO HIGHER PRICES
LEBRON TO TEACH KIDS ABOUT CRYPTO
MORE POLITICIANS GETTING SALARIES IN BITCOIN
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using holds 1,000 VAULT, with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
1,000 VAULT initial investment with current value of 1,193.72 VAULT at ~23% ROI generated 5.18 VAULT blockchain rewards this week, for a total of 1,198.9 VAULT over the past 40 weeks if you compounded your daily rewards with 100% reinvest on the VAULT platform. The total dollar value earned is $745.88 at VAULT’s current price of $ 3.75 (0.00009992 BTC). The total Bitcoin value earned at VAULT’s current price is 0.01987 BTC.
Placing 0.1 BTC in the BTC% program earns 11% APR, providing a weekly return of 0.00021089 BTC. Over the last 40 weeks, this would be worth 0.00844 BTC with a current value of $317.66.
The current total value of your potential returns over the past 38 weeks would be $1,063.54 or 0.0283 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this update on cryptocurrency regulation and other news, VAULT project, platform and coin, and PulseX and PulseChain has been helpful.
Consider investing the VAULT way and enjoy a seamless crypto experience!
VAULTility: https://vaultility.vault.investments/
VAULT Platform: https://my.vault.investments/dashboard/
Lifetime Affiliates: https://affiliates.vault.investments/
VAULT Discord: https://discord.gg/BEDSGCs
VAULT Twitter: https://twitter.com/VaultInvest
VAULT Telegram: https://t.me/vaultinvestments
Forever Innovating: https://vault.freshdesk.com/support/solutions
This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. The views and opinions in this update are my views alone and are not necessarily those of VAULT investments or its administration. Users should always DYOR. Invest at your own risk.
About the Author:
My Discord handle is Bobtilladhun.
I’m a long-term crypto investor. I bought my first Bitcoin in 2016 for $700. I sold 1/2 my BTC when the price doubled to satisfy my wife that I wasn’t going to lose all our money and made my initial investment back. Since that time, I have used my remaining Bitcoin stack to HODL and invest in interesting projects. I am a founding investor in VAULT and have accumulated a significant number of VAULT coins through holding my coins in CRYO and taking advantage of the compounding interest VAULT provides.
I was asked by Ian and the VAULT team to provide a weekly update on VAULT’s performance and current issues in cryptocurrency.
I hope these updates provide you with a quick overview of what is happening with VAULT and in the world of cryptocurrency.
Please contact me on Discord if you have any comments or suggestions.
Bobtilladhun#8522
