New York is mirroring the United States’ embrace of Bitcoin to unfurl its ambitions to become the crypto capital of the world. NYC Mayor Eric Adams is at the center of the Bitcoin push, taking swipes at critics while confirming the city’s first-ever Crypto Summit.
New York’s Mayor Unveils Ambitious Bitcoin And Cryptocurrency Plans For The City
While the US is steamrolling toward a warm embrace of Bitcoin, New York City is keen on matching the pace of the Trump-led administration. NYC Mayor Eric Adams revealed in a press conference that the city has ambitious plans to be the cryptocurrency capital of the world.
Adams is urging service providers in the cryptocurrency space to turn their gaze to New York and set up shop in the Empire State. In his press statement, Adams expressed a long-term commitment to cryptocurrencies and their underlying technology while highlighting the benefits for residents. Adams is luring crypto firms with a pledge to create a friendly regulatory landscape in New York, hinting at passing a Bitcoin Reserve Bill akin to New Hampshire.
“We should be looking forward to building empires, particularly in the crypto space,” said Eric Adams. “My goal remains the same as it was on day one as mayor: making New York City the crypto capital of the globe.”
Adam’s affinity for cryptocurrencies is not a bolt from the blue, with the NYC mayor famously advocating for Bitcoin back in 2021. With BTC price exceeding $105K and the US setting a Strategic Bitcoin Reserve, the NYC Mayor teased critics by asking, “Who is laughing now?”
A First-Ever Crypto Summit For NYC, But The NYDFS May Derail Plans
In a similar fashion to the White House Digital Asset Summit, NYC Mayor Eric Adams says the city will host its inaugural Crypto Summit. Scheduled for next week, the conference will feature representatives of cryptocurrency firms, regulators, and city officials to chart a new path for the city.
The summit will feature keynote addresses revolving around the viability of a state-owned Strategic Bitcoin Reserve and a new licensing regime for crypto firms. Despite the ambitious plans, critics say the New York Department of Financial Services (NYDFS) may stifle the city’s cryptocurrency ambitions..
The NYDFS has earned a name as a strict regulator, famed for its watertight Bitlicense for potential cryptocurrency service providers. To make substantial progress with Bitcoin and cryptocurrencies, the NYDFS will be required to relax its tough rules, but Adams hails the regulators’ tough stance as a win-win for New York.
“It’s good to know that the city is going to have safe regulations in place for those who are investing, and there’s not going to be any abuses,” said Adams.
New York’s bid to revolutionize its digital asset landscape comes in the middle of a seismic rally that sees Bitcoin and other cryptocurrencies as altcoin season gathers steam.
The post “Who Is Laughing Now” – New York City Mayor Endorses Bitcoin Ahead Of Crypto Summit appeared first on CoinGape.
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Cryptocurrencies are a brand-new way to exchange money. The demand for quick, inexpensive financial transactions is the main driving force behind the development of cryptocurrencies. Additionally, the purpose of cryptocurrencies is to give a level of equality that traditional currencies are unable to provide. An example of Cryptocurrencies pushing this narrative is Shiba Inu (SHIB), Dogelon Mars (ELON), and most interesting of all; Guffawli (GUFF).
Shiba Inu (SHIB) Can Be Exchanged for Any Token Within the Ethereum Ecosystem
Shiba Inu (SHIB), a meme coin built on the Ethereum blockchain, was launched by Rhoshi in 2020. A key feature of the Shiba Inu (SHIB) is that it can be exchanged for any token in the Ethereum ecosystem. Another trait that sets it apart is the Shiba Inu (SHIB) total supply. Produced at the launch of the project in August 2020, and coming in at around one quadrillion, it is easily the largest number of coins to ever be issued in the cryptocurrency space.
Following its inception, the decentralized exchange Uniswap locked in 50% of the Shiba Inu token supply. Users could only earn and trade cryptocurrencies using smart contracts and automated transactions between cryptocurrency tokens on the Ethereum network. Furthermore, the system is also known as an Automated Market Maker protocol (AMM), and it encourages customers towards becoming liquidity makers in return for a portion of transaction costs and free tokens.
Dogelon Mars (ELON) is Taking the Same Route as Shiba Inu (SHIB) and Locks 50% of Its Total Supply
Dogelon Mars (ELON) is a meme coin and an ERC-20 token built on the Polygon and Ethereum networks which are two of the most well-known blockchains and platforms of choice for many decentralized apps. In terms of total token supply, there are 1 quadrillion Dogelon Mars (ELON) in circulation overall. To properly burn the tokens and eliminate them from circulation, 50% of all ELON tokens have been given to Vitalik Buterin, the creator of Ethereum. This is a similar strategy by Shiba Inu. In terms of security, Dogelon Mars (ELON) is highly secure because it is built on the Ethereum blockchain. Ethereum is one of the most secure blockchains in the cryptocurrency sector thanks to its proof-of-work consensus process, which forces miners to create new Ether.
Guffawli (GUFF), the Meme Coin With an Attitude
Built on the Binance Smart Chain (BSC), Guffawli (GUFF) is a decentralized meme coin that aims to cater to those in the financial sector feeling under the weather, going through distress, or burdened with psychological issues arising from the instability of the financial market. Derived from the Scottish word “Guffaw” which means to laugh, Guffawli has taken a psychological perspective and it intends to preach the much-needed gospel of laughter in the financial sector as a lot of investors are plagued with greed, fear, anxiety, etc which can be detrimental to not just their health but business as well.
To tackle this, Guffawli has come up with viable and implementable solutions to ensure that every investment is well taken care of at each stage, this will lessen or remove fear and facilitate strategic planning which will in turn make judgments about investments advantageous, for all investors who think long term.
Guffawli (GUFF) Tokenomics
Guffawli (GUFF) has a total token supply of 10,000,000,000 and it will be distributed as follows:
- 40% goes to liquidity
- 6% goes to the team
- 22% will be used for rewards
- 7% for promotion
- 25% will be locked
Most meme coin platforms are all bark and no bite, but Guffawli — through its strategic plan and unique approach — aims to dominate the meme coin space and be a positive assurance to investors.
Guffawli (GUFF)
Presale: http://smile.guffawli.io/
Website: http://guffawli.io/
Telegram: https://t.me/GuffawliTokenOfficial
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