US House Approves Crypto FIT21 Bill

 

Your Latest Crypto News Update

US House Approves Crypto FIT21 Bill

In a decisive vote of 279 to 136 in favour of the Bill, on Wednesday 22nd May, the Financial Innovation and Technology for the 21st Century Act was passed through Congress - marking the first time that a significant crypto bill has been voted through to be sent to the US Senate. This vote saw 71 Democrats join the vast majority of Republican representatives vote in favour of the progressive bill.  The journey to getting effective legislation and regulation passed in the US has not been an easy one, with the Securities and Exchange Commission appearing to regulate through enforcement in recent years. This has led to considerable uncertainty across crypto markets in the States, due to the lack of clear guidelines. Whilst the bipartisan legislation may have made it through the first chamber of Congress, there is still a long way to go as it heads to the Senate.  Whilst the future of the bill is still uncertain, this is a historic moment for the US crypto industry and shows how far it has come. A major driving force in this recent change of stance from US politicians has been the ongoing campaign to educate them on blockchain technology and its potential through advocacy groups such as “Stand With Crypto” - an initiative that has been setup to support crypto-friendly bipartisan candidates that are running for the House and the Senate. With crypto becoming an election issue, it is likely that politicians are going to be wanting to pay a lot more interest to this nascent industry as it makes its way to the mainstream.

Are We Getting Closer To Ethereum ETFs?

Whilst, in recent months, a plethora of other coins and tokens have taken the spotlight - from AI tokens to Solana-based memecoins. Ethereum has made a splash this week across crypto markets. Despite there being uncertainty in recent weeks and months as to whether there was even a chance of an Ethereum ETF getting SEC approval, there’s been a number of signals that the odds are better than first expected:  First, The Securities and Exchange Commission Engaging With Ethereum ETF Issuers: The SEC has recently started discussing the required paperwork that needs completing with ETF issuers. The back and forth between the SEC and ETF issuers regarding an Ethereum ETF is similar to the regulatory dance that was seen between these entities prior to the Bitcoin ETF approvals.  Also, Experienced Analysts Are Voicing Increased Odds: Senior Bloomberg analysts Eric Balchunas and James Seyffart have increased their odds of an Ethereum ETF approval from 25% to 75% - citing the Securities and Exchange Commission doing a 180 on this decision based on the growing political force of crypto.  Finally, The Market Signals Confidence: Since the news broke that the Securities and Exchange Commission could be reconsidering their position on an Ethereum ETF, Ether has seen nearly a 25% gain on the weekly. With such a strong showing from the second largest crypto, by market capitalisation, it appears that multiple entities are positioning themselves for ETF approval.  Whether Ethereum ETF’s are approved anytime soon or not, it’s clear that it has once again captured the interest of the wider markets.

Gala Games Exploited (Again)

Another week in crypto. another exploit. The unfortunate victim of this one was Gala Games, a web3 gaming platform. In this breach, the hacker managed to trigger an unauthorised sale of 600 million GALA tokens, valued at just over 20 million dollars. Yet, this is not the first controversy the company has encountered with 130 million dollars of GALA tokens being stolen in September 2023. Whilst a painful experience for holders of the token, as markets saw a negative impact on token price with both of these incidents, it’s a painful reminder that investing in crypto is still a risky endeavour, even when markets are in the green.

What would be my earnings if I surf 100 sites daily on #InfinityTrafficBoost?

 To estimate your earnings from surfing 100 sites every day on InfinityTrafficBoost (ITB), you need to understand the specific earning mechanics of the platform. Here’s a step-by-step approach to calculate your potential earnings:

### Step 1: Determine Earnings per Surf

- **Check Current Rate**: Look up the current earnings per surf on ITB’s official website or user dashboard. This rate can vary and is often subject to change based on market conditions.

### Step 2: Calculate Daily Earnings

- **Formula**: Daily Earnings = (Earnings per Surf) * (Number of Sites Surfed)

- **Example Calculation**: If the earning per surf is $0.01 (as an example rate), then:

  \[

  \text{Daily Earnings} = \$0.01 \times 100 = \$1.00

  \]

### Step 3: Calculate Monthly Earnings

- **Formula**: Monthly Earnings = (Daily Earnings) * (Number of Days in a Month)

- **Example Calculation**: Assuming you surf every day in a 30-day month:

  \[

  \text{Monthly Earnings} = \$1.00 \times 30 = \$30.00

  \]

### Additional Factors to Consider

1. **Referral Program**:

   - ITB offers referral bonuses where you can earn additional money from the activities of users you refer. This can significantly boost your overall earnings.

2. **Membership Levels**:

   - Higher membership levels might offer increased earnings per surf. Check if upgrading your membership is worth the investment based on potential higher returns.

3. **Bonuses and Promotions**:

   - ITB may run special promotions or offer bonuses that can temporarily increase your earnings.

4. **Activity Requirements**:

   - Ensure you meet any activity requirements or limits set by ITB for consistent earnings.

### Example Calculation for Varying Rates

Let’s consider different earnings per surf to provide a more comprehensive view:

- **Earnings per Surf = $0.005**:

  - Daily Earnings: $0.005 * 100 = $0.50

  - Monthly Earnings: $0.50 * 30 = $15.00

- **Earnings per Surf = $0.02**:

  - Daily Earnings: $0.02 * 100 = $2.00

  - Monthly Earnings: $2.00 * 30 = $60.00

### Conclusion

To get an accurate estimate, you need to verify the current earnings per surf rate on InfinityTrafficBoost. The example calculations provided are based on hypothetical rates and actual earnings can differ. For the most accurate and up-to-date information, log in to your ITB account and check the current rates, or contact their support team.

aitopmailer

 

Dilan Mirror

 

Dilan Mirror (@Dilan_Mirror) · X

X (Twitter)

https://twitter.com/Dilan_Mirror

Dilan Mirror presents a new bonus investment program until 21.07.24 Payment of $1,000 investors will receive a unique bonus in doubling the amount of their investment shares. 500-999$ - bonus in 50% shares of their investment.

Nadex Staking

 Unlocking the Power of Cryptocurrency: Nadex Ecosystem's Revolutionary Approach. https://www.marketwatch.com/press-release/unlocking-the-power-of-cryptocurrency-nadex-ecosystem-s-revolutionary-approach-73853318?reflink=mw_share_twitter

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