BISMARCK — AARP is calling on North Dakota Gov. Kelly Armstrong to sign a bill that would regulate cryptocurrency kiosks amid growing concerns over fraud.

The FBI reports Americans lost more than $5.6 billion to cryptocurrency-related scams in 2023, including approximately $6 million in North Dakota.

House Bill 1447 would create consumer protections such as licensing for kiosk operators, fraud warnings displayed on machines and mandatory printed receipts detailing transaction information.

“These machines look like ATMs, and so people are inserting their money, thinking it’s secure,” said Janelle Moos, advocacy director for AARP North Dakota. “It gets transferred to a scammer’s digital wallet and the money’s gone. There’s no way to track it, and criminals are using this as a tool to scam folks out of money.”

AARP says the bill would offer vital safeguards and help protect older North Dakotans and other vulnerable consumers from falling victim to crypto-related scams.

The cryptocurrency market took a hit today, but a swift recovery followed, leaving the market only 0.3% down in the past 24 hours.

Trading volume increased by nearly 2%, and the Fear and Greed Index climbed from 24 to 29, signaling a possible shift towards a more bullish sentiment. With the market potentially heating up again, Solana’s ecosystem could be primed for growth.

One project that stands out in this landscape is Solaxy (SOLX), the world’s first Solana Layer 2 blockchain offering remarkable staking rewards.

Solaxy Boosts Solana’s Performance and Growth

Solaxy is establishing itself as a pivotal Layer 2 scaling solution for Solana, addressing critical network congestion and enhancing transaction efficiency.

By strategically implementing technical advancements, Solaxy has achieved significant improvements, including increased transactions per second through a new sequencer implementation, optimized roll-up performance for faster processing, and strengthened cross-chain capabilities via enhanced bridge UI integration with Hyperlane.

Beyond technical upgrades, Solaxy is actively expanding its ecosystem by improving wallet compatibility and forging partnerships with launchpad platforms, fostering a more user-friendly and robust environment.

Source – 99Bitcoins YouTube Channel

Furthermore, Solaxy’s initiative to bridge Solana and Ethereum highlights its commitment to interoperability, broadening the use cases for both networks.

Ultimately, Solaxy’s development efforts are geared towards constructing a resilient Layer 2 infrastructure that alleviates the transaction burden on the Solana main chain, thereby bolstering speed, reliability, and facilitating growth in key sectors like Web3 gaming and DeFi.

Layer 2 projects have historically seen massive price surges post-launch, and Solaxy appears to be on a similar trajectory. With a strong foundation, a promising roadmap, and a rapidly growing community, early investors could stand to benefit significantly.

As the crypto space continues to evolve, Solaxy might just be the next big Solana meme coin to watch closely.

Solaxy Presale Surpasses $29M as Staking Rewards Reach 140% APY

Solaxy’s presale has now surpassed $29 million, placing it among the fastest-growing in the market. The current price of $SOLX remains at $0.001684, but an increase is set to occur in less than 30 hours.

During the presale, investors can buy $SOLX with $ETH, $USDT, $BNB, or a credit or debit card. MetaMask and Trust Wallet provide convenient access to the purchase process.

The Best Wallet app offers another way to acquire $SOLX, delivering a seamless experience for smartphone users. Best Wallet recently expanded its support to include Bitcoin and is preparing for its upcoming Solana integration. The app is available for download on Google Play and the Apple App Store.

Source – Solaxy Twitter

Staking rewards reach up to 140% APY, allowing early investors to grow their token holdings before the official launch. As more participants join, the APY is expected to decline over time.

This staking feature provides an opportunity to earn passive income while strengthening the network. More than 8.2 billion tokens have already been staked.

Unlike most presales that set fixed end dates or hard caps, Solaxy’s team has opted for a more flexible structure. Plans include listing $SOLX on a decentralized exchange after the fundraising phase ends.

The roadmap outlines ambitious goals, such as CEX listings, the launch of the Solaxy Layer 2 network, and further Ethereum integrations.

Visit Solaxy