By EWN • 20 March 2023 • 19:38
Taiwan has announced that it will create a regulatory body to oversee the cryptocurrency industry, becoming the latest country to regulate cryptocurrency activities.
Making the announcement, Huang Tien-mu, the head of the regulator said, the Financial Supervisory Commission (FSC) will be the main overseer of the crypto industry which will provide a legal framework for crypto activities to help protect investors, mitigate fraud, and combat illicit activities such as money laundering.
During the initial stages, however, the FSC will primarily focus on payments and transactions, rather than Non-Fungible Tokens (NFTs).
The cryptocurrency industry was given a boost prompted by uncertainty in the traditional banking system as prices of Bitcoin (BTC) and Ethereum (ETH) surged to new highs while in the meme coin space, Dogecoin (DOGE) and Shiba Inu (SHIB) shed in prices with Big Eyes Coin (BIG) closing in on its live launch.
After posting a 24-hour high of $0.0766, Dogecoin (DOGE) reversed in daily trading after dropping by 0.67% overnight to trade at its current price of $0.07401.
Despite the downward movement, at the time of writing, Dogecoin was still indicating a weekly growth of 6.59% with a market capitalisation of $9.8 billion and a 24-hour trading volume of $418 million with a circulating supply of 132 billion.
Similar to its ‘doge’ rival, Dogecoin, Shiba Inu (SHIB) was also down in its prices as it shed by 1.49% in daily trading to trade at $0.00001074 from its weekly high of $0.00001177.
At the time of writing, Shiba Inu was indicating a 7-day upward movement of 1.52% with a market capitalisation of $6.3 billion, down 1.34% from the previous day while holding a 24-hour trading volume of $285 million.
Big Eyes Coin (BIG) is the ERC-20 meme token which is built on the Ethereum blockchain owned by its community that self-propagates using Non-Fungible Tokens (NFTs), which offers its holders access to more content and events.
The project is in stage 12 of its Initial Coin Offer (ICO) and has so far raised over $32 million in presale tokens and will go live on the market after stage 15 and reaches its $50 million presale target.
After a series of successful giveaways, Big Eyes Coin is set to announce the latest bonus code, BULLRUN250 which will offer its community and new buyers a bonus of 250% extra tokens.
The much-awaited announcement comes as the project continues its current vault PIN ‘300’ which offers BIG buyers a 300% ROI. Buyers only have to enter the ‘300’ PIN when purchasing $100 or more worth of BIG presale tokens or Big Eyes Coin Loot Boxes and earn 300% extra in Big Eyes Coin Loot Boxes.
Big Eyes Coin Loot Boxes are the project’s video game feature that offers its community a maximum return of 5000% per loot box and features the Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box, and Excali-Paw Master Chest. Each box costs $10, $100, $500, $1000, and $1000 for a spin and carries a maximum ROI of $500, $5000, $25,000, $100,000, and $1,000,000 worth of BIG tokens, respectively.
The loot box spin always gives a random result and buyers will not lose any money, guaranteed, as their money will always be given back if a spin does not win any prize. The loot boxes are a limited feature only and will end when the project goes live.
Find out more about Big Eyes Coin (BIG):
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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