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US SEC Taking More 'Crypto-Friendly' Approach To Regulations, PLUS Exclusive Details on Industry and Politicians Private Washington DC Talks..

 US SEC Offices and Sign Logo

The Securities and Exchange Commission (SEC) of the United States appears to be moving towards a more 'crypto friendly' approach when it comes to regulations. 

Since the first in 2013, SEC actions against cryptocurrency companies and startups had been on the rise. But according to recent statistics from economic research firm Cornerstone Research, 2021 marked the first year these actions decreased. 

The obvious question is - why? Perhaps simply Covid and a generally backed-up legal system, meaning while prosecutions may have been delayed, they had not deceased.

Others say the difference is Gary Gensler, who was appointed director in 2021 and his experience prior to joining the SEC - as a professor of bitcoin and blockchain at MIT...

Lawmakers and politicians with misconceptions about cryptocurrency, and often a general ignorance of technology in general remain the biggest threat.  But with the appointment of Gensler many of crypto's supporters are feeling a bit less worried, as it at least appears the SEC is now led by someone with a full understanding of what they're tasked with regulating. 

Since 2013, the SEC has taken action in 123 cases that focused on cryptocurrency...

From otherwise legitimate projects that lacked the proper licenses to operate, to full blown Ponzi-scheme style scams.

Since their first crypto based case in 2013 - the amount of actions taken by the SEC each year has only grown, with the amount of cases peaking in 2020 with a total of 35.  Last year, 2021, was the first decline in total cases with a total of 24.

Pressure on US Regulators and lawmakers continues to grow, as the industry increases political influence...

Particularly over the past 3 years the crypto industry has put a major focus on making sure their voices are heard by those who will eventually decide how their businesses will need to operate.

Getting to a position where they can be heard involves playing the game - political donations, charities, resources, speaking engagements. Cryptocurrency company founders and executives are being spotted in every corner of Washington DC these days. 

Inside the crypto industry, as they go inside Washington DC...

The US crypto industry has accepted that new regulations are eventually coming - so the sooner they know what they will be, the better. Over the years we've heard multiple large investors and investment firms say regulatory uncertainty is their main reason for still sitting on the sidelines. 

While acknowledging the urgency for clarity, they cannot push so hard that politicians feel pressure to just 'do something' - sacrificing the time needed to draft reasonable, productive, and positive guidelines.

"The end goal everyone wants is a stronger, more stable industry, with better protected and informed investors and traders - and we're positive this can be achieved" says a contact from one of the major US crypto companies involved in lobbying Washington DC, who asked to remain unnamed, and that we note they are speaking as an individual and not a spokesperson for any organization. 

But they also believe that completing their current goal must come before anything goes up for a vote, which my contact describes as 'educating lawmakers, because if there was a vote today I think about 10% of them would understand the impact of what they're voting on". 

Which isn't as simple as addressing Congress and the Senate with a '1 size fits all' speech, my contact explains "There's a huge range of experience among lawmakers when it comes to finance and tech. That's why it's about asking for just a few minutes to speak to them 1 on 1 - and then we don't just lecture them on crypto but also make them feel comfortable to ask questions and raise concerns". 

So, while the industry wants a resolution soon, a plan that aims for informed people making smart decisions comes with a speed limit. 

 ------- 
Author: Justin Derbek
New York News Desk
Global Crypto Press Association / Breaking Crypto News


Kevin O'Leary (Shark Tank) Shares His 2022 Investment Plan for Crypto and NFTs...

Founder of multiple companies, Author, and Shark Tank Co-host Kevin O'Leary shares how he plans to take on 2022.   He also makes an interesting point to those who have not yet invested in the crypto markets.

Video Courtesy Of Yahoo News

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Tether LOSES #1 Stablecoin Ranking For The First Time EVER - As New Leader USDC Continues Massive Growth...

USDT and USDC Stablecoin Crypto News

If you've been watching the numbers, you knew this day was coming for awhile now. 

About a month ago my colleague from our New York News Desk published an end-of-the-year report on the overall increased usage of stablecoins, which is when I learned things had begun rapidly accelerating towards the end of 2021.

Things were looking worse for USDT than expected...

"...upon closer inspection you'll notice that the current top stablecoin, USDT (Tether) is actually declining in popularity - beginning the year holding about 75% of the entire stablecoin market, and ending it closer to 50%."

While USDC's growth was actually a bit shocking...

"USDC didn't just hold on to it's rank as 2nd most popular - while the total ecosystem grew by about 4X compare to last year, USDC saw growth of nearly 10X - from a $4 billion marketcap to $41 billion!"

So with USDT ending 2021 with 'closer to 50%' of the stablecoin market, still a majority - it only took a couple weeks of continuing decline until we arrive here.

On the Ethereum a Blockchain Tether's $39.8 Billion Market Cap Not Enough To Hold #1 Spot, USDC's $40.1 Billion Takes Over...

Making USDC the most used stablecoin on the most used protocol (ether).  While USDT still has a larger cap when looking at totals across all chains, the stats show the same reversal is coming to every protocol.

Which actually makes this a truly historic day in crypto. 

USDT is the original stablecoin, going all the way back to 2014 where it first launched as 'Realcoin'. 

After a couple years where people generally assumed things were as they seem, we began to see what would grow in to a 'movement' starting on Twitter, made up of people that found it suspicious Tether wouldn't say what banks held the reserve funds needed to back up their 1:1 value with the US Dollar.

Get $40 BTC when you buy $20 - click here! [Ad]

Then Things Got Crazy... 

Tether and their supporters initially claimed they did have the funds, sitting in bank accounts around the world in order to spread the risk.

That alone isn't suspicious - remember this is 2017-2018, crypto is exploding but it's still the wild west on steroids.  This is the days when if you heard the word 'Bitcoin' come out of your TV is was likely a news report on how people buy illegal drugs and guns online. 

The general public having a major misconception of crypto made it a realistic concern that any government could suddenly freeze an account that's holding millions of dollars if learned the money was somehow connected to crypto. 

Even Binance CEO CZ came out to say he believes Tether's reasoning for the secrecy, saying;

"I think the reason they cannot release their bank account details is because if they release whichever bank they’re using, then the bank account gets shut down” 

Ironically, even though Tether had a legitimate reason to not publicly share where the funds are located (in my opinion), it would turn out they were also lying about how much they had.

The next couple years were basically chaos - in 2018 I reported on Tether being accused of faking a hack in order to explain $31 million in missing funds.

In 2019 the New York Attorney General began investigating Tether, also suspicious if they held enough reserve cash in banks to back the all of the crypto-coins in circulation. After recieving documents from Tether, but not what they asked for, the Attorney General said the results were inconclusive. 

That's when the CFTC took over, Tether eventually admitted they do not hold $1 USD for every 1 USDT - however they then claim some of the reserves is in other types of assets and investments, and the total value covers the coins minted.

If you don't find that comforting, neither did the US Government - Tether was ordered to pay a $41 million fine to the Commodity Futures Trading Commission in 2021. 

With All That In Mind - It's No Surprise The Crypto World Accepted USDC's Offer Of a Fresh Start for Stablecoins, Minted From An  An Always Open Platform...

USDC Coins are minted via a consortium called Centre, where USD needs to be transferred from a bank before any additional USDC is created.  Behind Centre are well known, generally trusted companies like Coinbase, Circle and Bitmain. 

USDC also undergoes a monthly review from accounting firm Grant Thornton, whos reports are publicly posted.

In Closing...

Why Tether chose to operate the way they did will always be a mystery - nothing is stranger than stories where a company would make more money by being honest.

All stablecoins do the same thing, so it's hard a one coin that's always worth $1 to convince people to use theirs instead of another that does the exact same thing.

So with a monopoly on the market, Tether decided to give people a reason to choose an alternative - which they clearly have done. 

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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com

Silicon Valley Newsroom

Retro Style NFTs That Will Take You Back In Time - Nostalgic Fun That Could Even Improve Your Mental Health!


Retrokudz NFT cryptocurrency news

PHOENIX, ARIZONA - January 17th 2022: RetroKydz brings you an interesting opportunity to re-live your childhood. It offers to recreate the peaceful experience of your infant years that were marked by freedom from all sorts of worries, grudges, and competition. It is rolling out 2000 exclusive, mintable, retro style 3D pixelated NFTs in the market that will enable the holders to become part of a mental health community on the blockchain technology.

These beautifully designed NFTs seem to be very promising because the fast-paced, competitive, and busy lifestyle of the modern era has deprived many of mental peace and genuine friendships. In fact, results from the 2014 Adult Psychiatric Morbidity Survey highlighted that 1 in 6 adults experience a common mental health problem such as anxiety or depression every week, and 1 in 5 adults have considered taking their own life at some point. The irony is that many such cases go undiagnosed and amongst those identified, many hesitate to seek professional help due to the stigma attached.

Under such circumstances, the RetroKydz NFTs will serve as badges that can be worn with pride because they do not signify that the holders have a problem, rather serve as a representation of the fact that the NFT owners stand for equality, peace, love, harmony, mental health, and above all, humanity. These NFTs will help develop virtual friendships and provide the members with a platform where they can vent out their emotions. In simple terms it can be said that they will serve as tokens of membership to a community of 2000 where people will have a chance to talk about their specific mental health issues and also their daily life struggles that leave them depressed or disturbed. By sharing their problems, the members will be able to seek help and advice from each other. Although connectivity appears to be a major challenge, RetroKydz has this sorted out as well. It plans to keep the members connected via regular Zoom calls so that healthy relations and bonds can be developed without any geographical barriers or mobility issues.

The utilities of these NFTs are numerous as the holders will be able to get early access to the upcoming projects and special offers. The best part is that the members will also have access to mental health professionals’ expert advice. These professionals will be making group calls on Discord from time to time to talk about important matters and provide counselling with regards to any significant event - if needed. Besides all this, the community members will have access to a dedicated channel where motivational quotes and encouraging words will be shared to boost up morale.

Given their usefulness, it is very likely that these NFTs will sell out soon so hurry up and make a purchase before it is too late. Each NFT costs 50 ADA and can be purchased on the Cardano blockchain. The process to go about it is pretty simple: Minting has already begun; you just need to send ADA equivalent to the number of NFTs you want to purchase on the address provided at Retrokydz’ website. In order to give everyone a fair chance, RetroKydz has kept a maximum purchase limit of 20 NFTs per transaction.

One thing to remember when making the transaction is that the ADA should be sent through a wallet that supports Cardano NFTs or else you will not receive your NFT token. In case the NFTs are sold out by the time your payment is received, or you accidentally end up paying more or less than the exact amount, your ADA will be returned so you can make the transaction without worrying about any loss or mishap.

For further details:
Websites: https://www.retrokydz.io/mint
Twitter: https://twitter.com/Retrokydz
Discord: https://discord.com/invite/9ZbbNZVAKX
Email: Myles Sheldon mylessheldon@gmail.com

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Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News


MetaGold Rewards Grows By 13,119% in First 15 Days...

Metagold Rewards Token Crypto News

Recently launched cryptocurrency celebrated what they call a 'meteoric' launch. Had you invested o$1,000 in MetaGold on its launch 15 days ago, it would now be worth over, $133,000. 

MetaGold Rewards is a new crypto currency that pays its holders daily dividends in USDT just for owning it. The coin is the highest paying rewards token, earning holders up to 15% per month in dividends alone. The daily rewards are made possible because of the taxes paid every time someone buys and sells the coin, which are then distributed to all the holders. 

After having several negative experiences investing online, the founding team at MetaGold wanted to create a better kind of crypto currency. They set out to make a rewards coin with a long-term strategy where people could feel safe to invest their money and know they would receive a robust return.

Within one day of being listed on Coin Market Cap (CMC), the largest crypto currency exchange, MetaGold climbed to the #11th spot on CMC’s Top Gainers List.

Of MetaGold’s bullish start, Michael Bolduc, CEO, said, “We are ecstatic how quickly the market cap and trading volume for the coin increased, but it’s still early and investors can easily 100x their money as we continue our journey to a $100 Million Market Cap. People are hungry to invest in projects they believe are safe and provide a great return on their investment.”

To achieve the successful launch, the international team of 28 people at MetaGold executed the following strategy:

  • Created a coin that paid the highest dividends in the crypto space. 

  • Launched a marketing strategy built on decades of business experience.

  • Hired 6 full-time staff to manage customer service and marketing support.

  • Engage a lively, and positive community on Telegram.

  • Twice weekly, host live Investor updates to keep the community informed.

For more information about MetaGold you can visit their website or find them on most crypto currency marketplace listings under MetaGold Rewards (METAGOLD). More Info: Website: https://metagoldrewards.com/
Youtube channel: https://www.youtube.com/channel/UCY5p6Viieenxd2z6AUDc-yA
Contact: Michael Bolduc owner@metagoldrewards.com


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Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News

Alleged Crypto-Ponzi Scammer and His 9 Bodyguards Taken Into Custody.... Then Suddenly Released...

Jonathan Yemelian Sifuentes - Accused Crypto Ponzi Scammer

Jonathan Yemelian Sifuentes, the suspected operator of a Mexico-based crypto ponzi called Xifras, was detained this week along with nine bodyguards - who were in possession of weapons, and hundreds of thousands of Mexican pesos in cash.

Then, Somehow - They Were All Set Free...

The accusations against all those involved include threatening law enforcement, and bribery. It appeared their days of scamming the public and scaring officials were over - then just as quickly as they were rounded up, they were set free.

Naturally, many are now wondering if the tactics of offering cash, or making threats to officials are how they successfully were able to get the charges dropped, and secure their release from custody. 

Officially, the reason for their release was that the "facts could not be verified" according to the judge who reviewed then dismissed the detainees.

A Unique Blend Of Some Of The World's Worst Things: A Ponzi Scheme + MLM + Crypto Scam in 1...

Does it get any worse than this?

Xifras, like your typical MLM, has an array of garbage products which ironically seems to be a list of the current top 3 things scammers sell, including: CBD oil, a 'male enhancer' and a weight loss product. 

Of course, if you want to work for the company selling their products, getting hired will cost you no less than $115, but one source claims they were offered packages that go up to $50,000 and include a large inventory of their products which they swear are in high demand. 

Paying for the right to help a company sell their products is the biggest red flag to look for - think of it as the equivalent to simply yelling 'we're a scam!'

Jonathan Sifuentes Video
A 'Motivational' Video From Jonathan Sifuentes, Where He Encourages Viewers To 'Find Out Who You Are', taken from his YouTube channel.

The Heat Is On...

While they may be feeling like they 'got away with it' - that may turn out to be a mistake.  While their local police and judicial system let them go, federal and even international law enforcement has been building their case, and haven't yet acted upon it. 

Sources confirm there is an active US based investigation open with the Arizona Corporation Commission, along with the Mexican Banking and Securities Commission - and the two organizations are sharing what they know with each other.

So, while this chapter may end with no one facing consequences for the list of offenses Sifuentes and others behind Xifras allegedly committed - this story probably has several more chapters to be written before 'the end'. 

Update: There appears to be a second operation, perhaps a backup plan to Xifras, operating under the name 'Your First Million' (Tu Primer Million in Spanish) at www.tuprimermillon.tv

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Author: Fernando Perez
Latin America Newsdesk | Mexico City
Breaking Crypto News

3 Major Signs We're Kicking Off 2022 With a BULLISH Outlook On Bitcoin...

Bitcoin Bullish 2022


It's a new year, and when the previous year saw record highs set for every major crypto asset, people naturally wonder if a bearish market is around the corner. 

Like every market, eventually it will be our turn, thankfully crypto has a history of fairly short bearish terms followed by a bullish market that exceeds the prior one. 

However, it doesn't look like we're there yet - these 3 indicators would absolutely look different if we were entering a bearish market:

Those Who Recently Sold Aren't Leaving...

Speculative traders who made large sales in December are now re-purchasing, according to analysis by Willy Woo. 

This includes a number of hedge funds who sold in December to take a profit, and are now redeploying their capital.


Long Term Hodlers Continue Accumulating...

We're seeing wallets that hold and do not trade Bitcoin taking advantage of the current price dip to accumulate more.  These are people who have bought Bitcoin and left it untouched for at least 6 months.

This category of trader currently holds the most Bitcoin.

We can logically assume they believe we have not yet seen Bitcoin's all time high, and that the profits possible are so great, they don't bother participating in short-term opportunities to profit by selling and re-buying price swings.

No Increased Inflow To Exchanges...

Bitcoin investors who hold a sizeable amount of coins typically move those coins out of exchange accounts after buying them, and into offline cold storage to keep their coins secure.

This means that before they can sell their coins, they need to first transfer them back to an exchange account for trading - and currently, this is not happening.  

We continue the 2021 trend of more tokens leaving exchanges than being moved back to them.

In Closing...

I am aware, as you should be as well, that things can change fast.  Sometimes triggered by totally irrational panic selling, other times by major real-world events.

The thing is - nobody can plan for things that may or may not come at any time. 

But you can be prepared - while I stand by this report I'd also like to include a reminder to be smart. Set stop-losses, have a plan to make sure if things take a sudden turn, you're walking away with most of what you earned. 

-------

Author: Mark Pippen
London News Desk 
Breaking Crypto News



Melodity — A Web3 Ecosystem for the Music Industry to Fully Unleash Creativity with P2E, L2E, NFTs and Metaverse...

Melodity token

VERONA, ITALY
—  Melodity is taking the music industry one huge step further towards the decentralized creator economy and has started to build Web 3.0 monetization infrastructure to support music artists in completely new ways.

To do so, Melodity is building a premier ecosystem, the “DoEcosystem'', that consists of play-to-earn (P2E), listen-to-earn (L2E) and Metaverse based on a proprietary blockchain that will empower opportunities for music artists, professionals, fans and music lovers. Three of the integrated platforms are DoMeta, DoDuet and DoMart.


DoMeta is an almost completely music oriented metaverse, where users can enjoy their time playing, learning, creating and interacting with each other or participate in live events. It intends to draw the music and gaming community by combining DeFi, blockchain technology and NFTs — as well as a play-to-earn model (P2E) — into one unique package.


DoDuet platform, with a listen-to-earn model, will create an innovative experience like no other. It is in fact a user-friendly contest platform that gamifies Music and provides visibility and an easy-access prize pool for artists. It will reward participants in the contest just by listening to tracks and voting.


DoMart, the NFTs marketplace platform, will provide not only songs distribution, but also a full bunch of possibilities for selling, buying, licensing and managing composite music NFTs.  


The ecosystem will always be a place where creativity grows in endless ways. The main goal is to allow music artists to maximize their incomes and visibility by creating and offering them advanced instruments for managing their own art.


Melodity wants to become the benchmark of the music industry in this new era contrasting old dynamics by providing a new home for artists where they can earn up to 90% of the income from their creations. Simple yet strong business models are the company’s differentiating characteristics. 


“With an ambitious purpose, Melodity is a protocol designed with the idea at heart to give freedom and new means to all music artists so that they can unlock the full potential of their music." comments CEO Rolen Guzman.


Melodity token


Melodity token (ticker $MELD) is a DeFi token hosted on the Binance Smart Chain (BSC). It is the store of value for the environment that acts as a share token and is in the early stages of launch.


The Melodity project was born of the passion of founders in helping to relieve the challenging financial circumstances of independent music artists. As ex amateur musicians, the founders witnessed first-hand how some of their friends struggle to generate income or returns on their art.



For more information:

https://melodity.org

https://t.me/Melodity_Official_Community

https://twitter.com/meloditytoken

Contact: Marta Ceriani - press@melodity.org

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Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News


SONIC Token Presale Announcement...

Sonic Bytes

New York City, NY - Have you ever been to a cryptocurrency presale event? Well, this is the right time to do so. SONIC Bytes token is extending out its whitelist presale opportunity where you can buy the Sonic Bytes token and get a lot of advantages.

Wondering what a whitelist presale is? Let’s find out.

In order to participate in Sonic Bytes’ whitelist presale, the buyer must be on the whitelist. So, signup as soon as you can, and get on the list of lucky individuals who will get the SONIC Bytes tokens, as well as several other rewards.

There is a limited number of seats to be on the whitelist, so the sooner you do it, the better!

Presale Details

Limited seats on the whitelist

There is a limited number of seats – and that too is filling super-fast. Almost 50% of the seats have been reserved. So, what are you waiting for? Sign up now!

Competition

There are only 300 seats. These seated are secure seats in terms of competition. Come first and lock in your position within the 300 seats!

Softcap

The minimum defined and specified limit for the collection of funds for the SONIC Bytes token is 35 BNB. This is the minimum goal to be raised in the presale.

Hardcap

The maximum amount of money that Sonic Bytes token can raise through its presale or initial coin offering is 70 BNB. The minimum defined and specified limit for the collection of funds for the SONIC Bytes token is 35 BNB. This is the maximum goal to be raised in the presale before moving on to Pancakeswap. Hence, you are in good hands with the SONIC Bytes token.

 Contribution

The minimum to maximum contribution allowed on Sonic bytes token is 0.1 BNB to 4 BNB.

If you feel interested and want to enter the Whitelist, click on this link to reserve your seat.

Moondrop Project

Sonic Bytes feels pride in announcing a new reward token under the name of the Moondrop project. It offers a lot of generous incentives and rewards for the holders. It works on the basic principle of holding. The longer and larger you hold, the greater and bigger you earn! Isn’t it great?

There are a lot of other advantages and ways to win with this new project. Hook on to know more!

  • Total supply: 1,000,000,000,000,000

  • Burn 50%

  • Taxation 10%

  • 5% rewards on SONIC BYTES

  • 3% liquidity

  • 2% will be a real burn to the burn wallet

Advantages of SONIC Bytes Token

Blocked Reflection

There are smart contracts that permit reflections in their liquidity pool. As a result of this, their coin’s liquidity becomes uneven, resulting in a decline in its value.

SONIC’s Advanced Smart Contract prevents reflections in the liquidity pool. This contributes to the stability of the value of your SONIC Bytes tokens. As a result of this strategy, the holders will receive the maximum number of reflections.

Clean Burning Issues

In other smart contracts the reflections are absorbed in large part by other Burn addresses. This results in the token holders losing a considerable portion of the overall reflection.

However, SONIC Bytes Tokens have avoided reflections on SONIC’s burn address by incorporating a clean burn idea into their transaction cost structure.

This raises the number of available reflections for holders, and each transaction automatically burns a percentage of SONIC Bytes Tokens, reducing the total supply of SONIC Bytes Tokens.

 There will be no pooling of liquid assets

In some smart contracts, the percentage of the liquidity pool is shared with other wallets. However, in the case of SONIC Bytes Tokens, 3% of the liquidity pool is dedicated to the liquidity pool and is not shared with any other wallet.

Containment of Smart Contracts

Certain smart contracts relinquish ownership after a specified amount of time. As a result, they have nothing and are unable to modify or upgrade their liquidity pool routers.

As a result of this mistake, SONIC Tokens has assumed complete control of the smart contract and will not permit its revocation.

Application to All SONIC Apps

The platform will earn revenue through digital marketing and the issuance of coins, tokens, and NFTs, while also rewarding its users and owners. The SONIC Bytes Token will be accepted to purchase things and make payments for transactions across all of their apps.

Do you want to be part of the new SONIC BYTES experience? Join SONIC BYTES now! Don’t miss this opportunity to make your wallet go to the moon.


Website: https://sonicbytes.net

Twitter: https://twitter.com/sonic_bytes

Telegram: https://t.me/sonic_bytesofficial


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Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News