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Third non-EU country, Ukraine, joins the European Blockchain Partnership

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Third non-EU country, Ukraine, joins the European Blockchain Partnership

After Norway and Liechtenstein, Ukraine became the third country outside the European Union to join the European Blockchain Partnership (EBP), an initiative derived by 27 member states to deliver cross-border public services.

The Ministry of Digital Transformation of Ukraine announced the country’s move to join the EBP as an observer on Friday. With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries.

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Cryptocurrency

With the Prevalence of the Crypto Dip, you Might Need to Check out These Coins: PARO, FRAX and PAX

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With the Prevalence of the Crypto Dip, you Might Need to Check out These Coins: PARO, FRAX and PAX

The state of the crypto climate has been brutal the past few days, and while the drastic fall in crypto prices has brought about massive losses all across the board, it also opens the possibility of making much more profit in the coming days. This is why every trader should keep their eyes open by reading stock market news and searching for potential coins to invest in. These practices are essential and help keep you safe and prepared for losses.

Parody Coin (PARO)

The crypto newcomer, Parody coin (PARO), is a meme-based BEP20 coin which essentially means it belongs to the Binance Smart Chain. It is used to power the Paroverse, a soon slated-to-be released metaverse platform that allows for its users to view, buy and then sell non-fungible parody tokens. The Parody coin (PARO) idea is meme-based, making it a interesting prospect and might lead to it being covered more in the stock market news due to memes being a form of attention based internet currency.

Parody Coin (PARO) has a lot of potential, and sound strategic investment might lead to significant gains for traders if they do proper research and buy at the right time. More reasons to check the coin out is that members of Parody Coin’s (PARO) Decentralized Autonomous Organization (DOA) will be gifted certain rewards for their membership and the token’s deflationary nature offers more stability than more volatile coins such as LUNA.

Frax Protocol (FRAX)

FRAX Protocol (FRAX), according to the Frax protocol, it is the world’s first fractional algorithmic stable altcoin. An altcoin combines the words “alternative” and “coin”. The term refers to any coin that isn’t bitcoin. They allegedly introduced the idea of a cryptocurrency being partially backed by collateral and also partially regulated algorithmically.

The goal for this is to create an extremely stable and optionally anonymous system, as well as one that does not require any form of trust. Frax’s protocol (FRAX) is divided Into two systems, the stable altcoin FRAX and the governance token Frax shares (FXS). Stable coins like Frax (FXS) are essential and should be checked in the stock market news now and then.

Paxos Standard (PAX)

The Paxos standard (PAX) is an ERC-20 altcoin token. ERC-20 Tokens are blockchain token assets with a specific value that allow sending and receiving transactions. The difference between the ERC-20 blockchain from others is that it is run on the ethereum network. It is a regulated stable coin that is insured by the US dollar.

Paxos, the company responsible for the Paxos standard, recently announced adopting a new name known as Pax Dollar. This new development will soon be updated on various cryptocurrency platforms and wallets under the broader umbrella of USDP. The Paxos company prides itself as a team that commits to regulations. It openly tries to demonstrate this to ultimately become the most sought-after company in the crypto market.

There is no mistaking cryptocurrency volatility, but regardless of this, a lot of profit could still be made, so traders should be sure to check out these coins listed as they might be potential money makers. All cryptocurrency options that traders seek should be researched thoroughly before moving on with investing.

Parody Coin (PARO):

  • https://presale.parodycoin.io/register
  • https://parodycoin.io/
  • https://t.me/PARODYCOIN_OFFICIAL

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Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

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Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund.

In a Monday letter to investors, Grayscale said that of the more than 11,400 letters the United States Securities and Exchange Commission, or SEC, had received in regards to its proposed Bitcoin (BTC) investment vehicle, “99.96 percent of those comment letters were supportive of Grayscale’s case” as of June 9. According to Grayscale, roughly 33% of the letters questioned the lack of a spot BTC ETF in the U.S., given the SEC had already approved investment vehicles linked to Bitcoin futures, as was the case for ProShares and Valkyrie.

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SEC Chair Gary Gensler calls Bitcoin a commodity

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© Reuters SEC Chair Gary Gensler calls Bitcoin a commodity

In an appearance on CNBC’s Squawk Box on Monday, SEC Chairman Gary Gensler said that Bitcoin was the only cryptocurrency he was ready to publicly call a commodity.

Gensler aired his views while examining the implications of classifying certain cryptocurrencies as commodities rather than securities. He also addressed previous calls to ramp up the commission’s regulatory oversight of the crypto market.

According to Gensler, all the main market regulators in the US agree that cryptocurrencies are highly speculative. “This is a highly speculative asset class. We’ve known this for a long time the ups and downs of this speculative asset class — Bitcoin and hundreds of other tokens,” he said.

He goes on to note that the investing public expects a return from most of these digital assets like they would when they invest in securities. As a result, Gensler concludes that most tokens in the crypto market have the “key attributes” of securities, thereby putting them under the purview of the Securities and Exchange Commission.

Interestingly, Gensler opined that Bitcoin and a few other cryptocurrencies could be considered commodities.

Some, like Bitcoin, and that’s the only one, Jim, I’m gonna say because I’m not going to talk about any one of these tokens but my predecessors and others have said they’re a commodity.

Meanwhile, he called for fair disclosures in the crypto market, noting that the US was open to having hundreds of tokens legally operating in its market if they complied with SEC laws.

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