US accused of trying to ban cryptos like Bitcoin and Avalanche. New Presale Meme Coin Dogetti doesn’t seem confused
The Biden administration has been accused of trying to “quietly” ban cryptocurrencies, dubbed “Operation Choke Point 2.0,” named after a 2013 government initiative that aimed to stop certain industries from providing banking services.
Speaking to Forbes magazine, venture capitalist Nic Carter said: “The US government is using the banking sector to organize a sophisticated, widespread attack against the crypto industry.”
“Some in the crypto space believe that the recent attempts to delineate the crypto industry and cut its connection to the banking system are reminiscent of this little-known Obama-era program,”
Bitcoin in the shed
The Biden administration may be pleased with the current fortunes of Bitcoin (BTC), as they fell below $22,000 for the first time in three weeks on Friday, May 10. February. They weren’t alone as Ethereum prices also lost 5.4%, while the cryptocurrency market as a whole lost $40B.
The decentralized ledger protocol Bitcoin is generally seen as the indicator of future fluctuations within the cryptocurrency sphere, an important factor for many tokens in their infancy. With a series of pre-sales launched as Dogetti, all eyes are on Bitcoin.
As mentioned, Bitcoin was hit hard with a 3.44% decline at the time of this article trading at $21,866.52. They have also seen a decrease of 7.43% in the last week. And the market cap is $421,683,247,030.
Watch out for the avalanche
The Avalanche (AVAX) coin may sound like a reason to run back to the cabin, but don’t let the name fool you, it is a layer-1 blockchain that powers DeFi applications and blockchain networks.
Just like an Avalanche although it operates very quickly; this might be something you might want to jump into, not jump out of. The operating speed is due to a decrease in mining.
With multiple sites running, Avalanche can interact with a variety of communities, thereby increasing investor exposure. Using Reddit, you can ask some questions and get your answers!
Dogetti-ing ready for launch
Dogetti (DETI) is no longer a puppy, as the pre-sale has hit the crypto scene. The unique selling point of the new meme coin will be its flagship “Dogetti family” feature, which wants to create a stronghold in the crypto market.
If you join the Dogetti family, you can enjoy 2% reflection on all transactions via its buyback protocol, this can be a very popular choice as many meme coins entering the market are reluctant to include this in their packages.
It’s not just good business at the core of Dogetti, but fun too! If you join the new pre-sale, you might look forward to meme and flash contests, a selection of NFTs, as well as the secure trading environment ‘DogettiSwap’.
Conclusion
The Biden administration may be quietly trying to ban certain cryptocurrencies from operating, but innovation and new pre-sales show no signs of stopping as we see with Dogetti, in many ways this industry is still growing, and long may it continue!
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