The Biden administration has been accused of trying to ‘quietly’ ban cryptocurrencies, being called “Operation Choke Point 2.0”, named after a 2013 government initiative that aimed to stop certain industries from providing banking services.
Venture capitalist Nic Carter spoke with Forbes magazine stating: “The U.S. government is using the banking sector to organise a sophisticated, widespread crackdown against the crypto industry,”
“Some in the crypto space believe that the recent attempts to ringfence the crypto industry and cut off its connectivity to the banking system are reminiscent of this little-known Obama-era program,”
Bitcoin in the Shed
The Biden administration may be happy with the current fortunes of Bitcoin (BTC), as they fell below $22,000 for the first time in three weeks on Friday, February 10th. They were not alone with Ethereum prices also losing 5.4%, while the cryptocurrency market as a whole shed $40B.
The decentralised 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 presales launched like Dogetti, all eyes are on Bitcoin.
As stated Bitcoin was hit hard being down by 3.44% at the time of this article trading at $21,866.52. They have also seen a downturn of 7.43% over the past week. And a market capitalization sits at $421,683,247,030.
Watch out for the Avalanche
The Avalanche (AVAX) coin may sound like a reason to run back in the cabin, but don’t let the name fool you, it’s a layer-1 blockchain that powers DeFi applications and blockchain networks.
Just like an Avalanche though it operates very quickly; this may be something you may want to jump into, not jump out of. The speed of operation is due to a decrease in mining.
With several sites running, Avalanche can interact with a series of communities, thus investor exposure is increased. Utilising Reddit you can make a few queries and get your answers!
Dogetti-ing ready for launch
Dogetti (DETI) is no longer a pup, as its presale has hit the crypto scene. The unique selling point of the new meme-coin will be its flagship “Dogetti family” feature, looking to create a stronghold in the crypto marketplace.
If you do join the Dogetti family, you can enjoy a 2% reflection on all transactions via its buy-back protocol, this may be a very popular choice as many meme coins entering the market are reluctant to include this in its packages.
It’s not just good business at the core of Dogetti, but fun too! If you join the new presale you may be looking forward to meme and gleam competitions, an assortment of NFTs, as well as its secure trade environment ‘DogettiSwap’.
Conclusion
The Biden administration may be trying to quietly ban certain cryptocurrencies from operating, but innovation and new presales see no sign of stopping as we see with Dogetti, in many respects this industry is still growing, and long may it continue!
For More Information On Dogetti (DETI):
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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