Big Eyes Coin Expands to 11th Phase of Funding, Bitcoin and Ripple Growth Hindered by US Regulation
Big Eyes Coin is riding strong in its pre-sale, currently in its 11th phase of funding. The new meme coin has a lot to offer potential investors and is touted as a favorite crypto contender in 2023, holding its own among other coins such as Dogecoin and Shiba Inu.
Crypto enthusiasts looking at this new coin should look for features like NFT Sushi Crew, regular airdrops of tokens and collectibles, and the upcoming unswap launch.
If you bought Big Eyes Coin in the first stage of funding, you would have earned a return of 743% by now due to the 20% price increase at each stage of funding.
The cat-friendly investment aims to be sustainable through its eco-friendly initiative to revive the world’s oceans. To this end, 5% of all tokens will be donated to organizations such as Orca Network, Fundlife International and Seashepherd.
There is a limited time bonus code “LAUNCHBIGEYES200” which gives an additional 200% in tokens for every purchase of BIG.
Bitcoin And Ripple Starved In Growth Due To US Legislation
Regulation, mainly in the US, has suppressed the growth potential of blue chip cryptocurrencies such as Ripple and Bitcoin, negating the expected bull rally for a future date.
Bitcoin’s price has hovered around $22,000 as the legal developments surrounding Kraken come into play. The crypto exchange had to suspend its betting service on Thursday and pay a fine of 30 million dollars to the SEC (Security and Exchange Commission) for not registering the service.
This is part of a larger investigation into the staking service offered by cryptocurrencies in general. The low-risk, high-reward offerings of cryptocurrencies are raising alarm bells in the minds of regulators, who are just beginning to grapple with the intricacies of the crypto industry.
Over the past week, Bitcoin lost 5%, putting it in the same price range as almost a month ago. Ripple lost 6% in the last week and is directly affected by US regulatory due to its case with the SEC from December 2020.
The SEC has alleged that Ripple Labs has issued an unregistered security in the form of XRP. Ripple is awaiting further decisions on the matter, which will be an indication of the government’s stance on the crypto industry.
Attorney John Deaton has represented Ripple in its legal battle with the SEC and chose to assist in another case titled “Zakinov vs Ripple” which alleges the same issue with the sale of unregistered securities. Plaintiff Ivani Zakinov wants to obtain class certification in which all XRP holders are included.
In response, John Deaton has filed a motion to file an Amicus Brief on behalf of all XRP holders who wish to oppose the plaintiff’s case. This has effectively created two camps that are pro-XRP, who believe the crypto should be regulated, and anti-XRP, who claim the crypto is an unregistered security.
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