With increased scrutiny by the financial watchdogs, many investors have been discussing whether Ethereum and Bitcoin are securities and how new projects like Avorak AI will be affected.
El Salvador Bitcoin
El Salvador’s recognition of Bitcoin (BTC) as a legal tender has come up in the debate on whether Bitcoin should be considered a security. Former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton clarified that Bitcoin is not a security because of several factors, one being that BTC does not pass the Howey Test, which is used to classify securities. A recently passed law in El Salvador aims to regulate the issuance of digital assets by both state and private entities. This is in an attempt to create new financing opportunities for citizens, companies, and the government. The law establishes the creation of the National Commission for Digital Assets and the Bitcoin Funds Administration Agency to manage and safeguard funds from public offerings of digital assets. Despite the controversy surrounding Bitcoin’s status as a security, its recognition as a legal tender in El Salvador highlights the growing acceptance and adoption of cryptocurrencies worldwide.
How to buy Ethereum on eToro
As the second-largest crypto in the world, Ethereum (ETH) has also been a subject of debate. However, it is still not clear whether Ethereum can be regarded as a security. In a recent hearing, SEC Chair Gary Gensler refused to directly say whether ETH is a security. This has caused suspicion among investors, but many are positive that Ethereum will come out on top. That being said, if you want to take advantage of the dip to buy ETH, eToro is a great platform to do so. To buy Ethereum on eToro, you need to first sign up for an account and complete the verification process. Once verified, navigate to the “Trade Markets” section on the left-hand side of the dashboard and select “Crypto.” From there, choose Ethereum and click “Buy.” Choose the amount you wish to purchase, select your preferred payment method, and complete the transaction.
What is Avorak AI (AVRK)?
Avorak AI is a blockchain-powered AI platform. The AI crypto is built on the BNB Smart Chain and has a wide range of AI solutions within its ecosystem. Avorak is committed to safeguarding customer data and ensuring compliance with applicable regulations. The project has conducted a second audit of its smart contracts and uses its AI and blockchain technologies to ensure enhanced security.
Avorak’s AI solutions are full of promise for industries and individuals looking for more efficient ways to complete their work or find new opportunities. They include digital assistants, trading bots, chatbots, security monitors, image creators, text generators, and much more. All of these solutions have unique features that set them apart. For example, Avorak’s trading bot doesn’t use code inputs. Instead, the AI trading bot uses a command line input programmed with a standard script. Avorak’s trading bot can be programmed to work on multiple exchanges and can learn from its users’ preferences and strategies.
The AVRK token will be required to access the ecosystem and its services. Like Ethereum (ETH), Avorak AI is offering its token at a discounted price through an ICO (Initial Coin Offering). The Avorak ICO also comes with other benefits, such as token bonuses and priority staking. AVRK is currently selling at $0.210 with a 6% bonus in phase 5 of the ICO.
Conclusion
The increased scrutiny has affected many crypto projects and will likely play a role in the development of new projects on the blockchain. Many industry experts are confident in crypto, and it will be interesting to see how this ongoing discussion shapes the future of the cryptocurrency market.
To get more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
