According to news from Pi Coin's inventor and head of technology, Nicolas Kokkalis, Pi Network "has tried to make cryptocurrency accessible globally". Pi Network is the cryptocurrency community for PI, the Pi Coin, often known as Pioneers. 

PI, according to Kokkalis, allows Pioneers to mine on their phones with no fiat cost while contributing to development, inclusiveness, security and decentralisation, usefulness, stability, and durability.

## Pi Network news: Pioneers warned 

Pi informed pioneers that Pi Coin will have no initial coin offering or crowdfunding sales. This is because the main goal is to "create the most inclusive and broadly dispersed digital currency and ecosystem for all Pioneers"'

It clarified that it is not associated with any organisation purporting to sell or generate PI, PI futures, PI non-fungible tokens, PI airdrops, or other PI derivatives. The [blog](https://minepi.com/blog/pi-account-safety) further informs Pioneers that any website asking them to claim PI is a scam since users can only claim all mined PI through the official Pi Network app.

It continued by saying that the names do not imply an official affiliation with Pi Network. Unless otherwise clearly verified by their official communication channels.

## Pi Network: How to mine Pi Coin

[Pi Network](https://twitter.com/PiCoreTeam/status/1555674682480680960), the Pi Coin (PI) crypto community, has produced an instructive video on how to build and utilise the Pi Wallet. 

The movie, which is now on Pi's [home screen](https://minepi.com/), explains how mining works. Unlike Bitcoin (BTC), PI is the only [cryptocurrency](/news/article/asian-yuan-china-token) that can be mined with a smartphone. Furthermore, the video claims that mining PI with a user's phone is free of charge and causes no battery drain.

## Pi Network news: Where does PI rank? 

According to [Watcher. Guru data](https://twitter.com/PiCoreTeam/status/1564349423215190016), as of 28 August, 2022, Binance Coin (BNB) ranked #1 among the top ten cryptos' Twitter profiles, with 9.36 million followers. Bitcoin (BTC) came in second with 5.49 million followers, while Shiba Inu (SHIB) came in third with 3.46 million followers. Pi Coin (PI) is the ninth most followed cryptocurrency on Twitter, with 1.65 million followers. 

Pi conducted a [Twitter](https://twitter.com/PiCoreTeam/status/1559317083309035520) poll, and 61% of Pioneers, or Pi members, were recommended to it by a friend. Family members came in second with 17%, and coworkers came in third with 4%. However, 18% said “other." A total of 54,722 people voted in the Twitter poll.

Pi Network, the [crypto](/news/article/time-tokens) community for Pi Coin, has expressed gratitude to its Pi Chat moderators for their assistance in translating Pi messages into more than 50 different languages. The moderators are the "backbone of communicating with the whole Pi community".


Pi Network News: Pi Going Global?

Santander said in an emailed statement on Friday that it will prohibit UK clients from transferring real-time payments to cryptocurrency exchanges beginning next year as part of steps to safeguard customers from fraudsters.

## When will the block begin?

The bank will implement a plan meaning all payments made to cryptocurrency exchanges via telephone banking and in-branch payments will be blocked, as well as internet and mobile banking, at an unspecified point in 2023.

The bank will follow in the footsteps of other UK retail banks in restricting client transfers to cryptocurrency exchanges. For transfers to crypto exchanges via mobile and online banking, its users will face restrictions of 1,000 pounds ($1,123) per transaction and 3,000 pounds overall in any rolling 30-day period. Last year, the [Natwest Group](https://www.reuters.com/technology/natwest-caps-transfers-crypto-exchanges-including-binance-over-fraud-concerns-2021-06-29/) in the United Kingdom set a daily limit for consumers to transmit to bitcoin exchanges. 

Customers will still be able to receive crypto [exchange](/news/article/best-exchanges-for-crypto-uk) payments into their accounts. [According to a note](https://www.santander.co.uk/personal/support/fraud-and-security/cryptocurrency) on the bank's website, there has been a significant increase in the number of UK clients who have become victims of cryptocurrency fraud in recent months. Global regulators have warned of the risks of scams and fraud in the primarily unregulated realm of cryptocurrency trading.

A spokeswoman for Santander stated that securing our clients from cryptocurrency fraud is a primary concern. "We want to further safeguard clients by barring all faster payments we find from Santander accounts to cryptocurrency exchanges - this will come into play in 2023".

## Faster Payments in the UK that Santander News refers to

Faster Payments is the infrastructure that enables real-time bank transactions for most UK bank accounts. Pay UK, which owns the respective company, stated in an email that it is working with authorities and the [payments](/news/article/russia-approves-cross-border-crypto) sector to create and implement more robust protection for fraud victims. 

Santander said it would continue to prohibit all payments to the cryptocurrency exchange Binance, a policy implemented in July 2021 in response to a warning from the UK's financial authority regarding the exchange. Binance did not reply immediately to a request for comment.




Santander UK news - Crypto transfers blocked

[Bitcoin Prime](https://www.business2community.com/cryptocurrency/bitcoin-robots/bitcoin-prime-review) is a cryptocurrency bot. It is a trading service that automatically analyses the cryptocurrency markets for trading opportunities. Read on for a Bitcoin Prime review.

Bitcoin Prime executes trades on users' behalf when it discovers potentially profitable situations. According to the website, up to 90% of their deals are profitable under favourable market circumstances. 

The platform's performance is shown by its AI system, which detects and responds to price trends. While it does not disclose the intricacies of its algorithm, it searches for many of the tried and proven technical patterns that traders worldwide use to earn money.

It is available for free. All users need to begin is a $250 down payment. The platform generates revenue by charging a 2% fee on successful accounts. However, investors will not pay a commission until their trading account earns money.

## Bitcoin Prime review - How the platform works 

The [platform](https://bitcoinprimeapp.com/) monitors price changes in 14 major cryptocurrencies, including Bitcoin, BTC Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, [Cardano](/news/article/cardano-hard-fork), IOTA, EOS, NEO, Binance Coin, and Ripple.
 
Bitcoin Prime initiates a transaction when the algorithm identifies a price pattern. Furthermore, it will place an order in the user's [brokerage](/news/article/genesis-crypto-claim) account and track the deal as it progresses. When the time comes to close the position, it will issue the order, and all money, including any gains, will be refunded to their account (minus a 2% commission for profitable accounts). The algorithm also learns from successful and unsuccessful transactions to trade more consistently and successfully in the future.

[Bitcoin](/news/article/bitcoin-dropping-price-us-news) Prime promises to be open for business every hour of every day. While trading on the system requires little effort, users need to tweak the algorithm's settings to be effective in different market circumstances. One of the good features of the platform is that it offers a plethora of instructional resources and a sample account to allow you to understand how the algorithm works.

Most importantly, investors' monies are in third-party broker accounts. It can issue trading orders using the funds in your account but cannot directly access your cash. Because only you have access to your money, this might give some security when utilising this service. Users can withdraw funds at any moment and receive a payment within a few hours. 

## Bitcoin Prime - Is it worth the investment?

Bitcoin Prime is legitimate and has received positive feedback from sites such as Trustpilot and testimonials.

However, we highly advise potential investors to do their homework and weigh the possible hazards before joining up and depositing money into the platform.


Bitcoin Prime Review - Fraud or Legit?

As an official partner of Haas F1, they will collaborate with the team and external [contributors](https://www.haasf1team.com/news/haas-f1-team-partners-opensea-future-nft-collaborations) to create a range of branded NFTs. The F1 Team and OpenSea will work together to create an outstanding utility that will bring fans closer to the team and fascinating collections to the NFT community. 

They seek to present new and differentiated collections to the NFT community, with a shared vision of increasing participation and creating unique, best-in-class Web3 experiences.

## Where will the OpenSea logo appear on Haas F1 car? 

In support of the collaboration, the [emblem](/news/article/nft-hackers-passports) will feature on the F1 Team's VF-22 entry for increased exposure. 

"We've been looking for the perfect partner in the NFT area, and we've found it in Guenther Steiner, Team Principal of the respective F1 Team".  

Haas added that they know they will be in excellent hands with the leading peer-to-peer marketplace guiding them on their collections and fan interaction opportunities since OpenSea is an industry leader with innovation at the heart of all they do.  

According to Shiva Rajaraman, [NFTs](https://www.thepaddockmagazine.com/opensea-and-haas-f1-team-sign-a-partnership-agreement/) can unlock new experiences and provide a canvas to bring people together in new ways around the things they love. We're excited to work with the F1 team to create unique collections, new experiences for their devoted fan base, and new opportunities for everyone to come even closer to the action.

## What is OpenSea? 

OpenSea is the world's leading peer-to-peer marketplace for NFTs. They are on a mission to help the world's creators, collectors, and collaborators own and shape their relationships directly. We're building the world's most trusted and inclusive NFT marketplace with the best selection.

The leadership team is based in New York and includes Google, Palantir, Lyft, Uber, Stanford, and Berkeley members. a16z, Paradigm, Coatue, YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital are among the investors.


Haas F1 racing team's collaboration with OpenSea

Philip Hennche, director of Channels Innovation, believes that investing in [gaming](https://www.cryptopolitan.com/nfts-play-to-earn-gaming/?swcfpc=1) is a "marquee moment" since "gaming is a highly essential channel for them in terms of how they connect to their clients."

## Burberry Metaverse new collection

Philip Hennche, director of Channels Innovation, believes that investing in [gaming](https://www.cryptopolitan.com/nfts-play-to-earn-gaming/?swcfpc=1) is a "marquee moment" since "gaming is a highly essential channel for them in terms of how they connect to their clients."

## Burberry's Metaverse inspiration 

The company's metaverse is inspired by the British fashion brand founded in 1856. The firm is presently engaged in advertising its commodities in the metaverse industry. According to Rachel Waller, their Global Innovation Director, the metaverse is the "New Frontier of Storytelling" for Brands looking to engage customers in novel ways.

Minecraft is a [metaverse](/news/article/facebook-metaverse-nft) game that will soon allow people to play on any chain. The [game](/news/article/web3-games-raised-millions) seeks to offer each player a distinct [NFT](https://www.cryptopolitan.com/news/nft/) personality and visually represent the game using various animations and settings. There would be a metropolis named SkyCity where people may play it with one another. Minecraft is regarded as one of the most sophisticated games on the globe.

## Previous Burberry and Minecraft partnerships

It has [collaborated](https://uk.burberry.com/c/collaborations/minecraft-burberry-partnership/) with another gaming franchise before. It has several more industry partners, beginning with B bounce (2019), B Surf (2020), in-game NFT collection (2021), and the second one in July 2022. 

Burberry and Minecraft started a new journey in the game world on November 1, 2022, to increase brand consumers and raise awareness of the metaverse. Burberry: Freedom to Go Beyond is a four-round video game set in a simulated London metropolis. For game purposes, requiring the players to wear several Burberry brands.

## Burberry Metaverse collection helps the environment

The game location is in a natural setting where players must overcome various tasks and interact with multiple creatures. The goal is to magnify nature's marvels in this way. Furthermore, to safeguard the environment, both firms will give enough money to protect around 525,000 trees through various measures. This programme will ensure the environment and aid in preserving numerous animal species lives.



Burberry Metaverse new collection

The approvals come after the Singapore Monetary Authority released two consultation papers proposing to lower regulatory barriers for [digital asset](/news/article/freeway-crypto-halts) service providers.

## How Circle and Paxos crypto firms received approval 

[Circle](https://www.circle.com/en/pressroom/circle-earns-in-principle-regulatory-approval-in-singapore) obtained in-principal permission for a Major Payments Institution License, which will let it issue cryptocurrency and deal with domestic and cross-border payments. At the same time, Paxos gained authorisation to provide digital payment token services. 

Circle and [Paxos](https://paxos.com/2022/11/02/paxos-secures-major-payments-institution-license-from-monetary-authority-of-singapore/) announced their approvals on November 2, only a week after the Monetary Authority of Singapore [(MAS) released two consultation papers]https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities#:~:text=Singapore,%2026%20October%202022%E2%80%A6,in%20the%20digital%20asset%20ecosystem.() outlining suggestions for regulating digital payment token service providers and stablecoin issuers under Singapore's Payment Services Act (PSA). 

The Singapore Parliament enacted the PSA in 2019, which seeks to regulate payment systems and empowers the MAS to monitor the behaviour of payment service providers.

## What will Circle and Paxos crypto firms be able to do with approval

Circle, the creator of USD Coin ([UDSC](https://www.coingecko.com/en/coins/usd-coin)), and Paxos, the creator of Pax Dollar (USDP), both US dollar-pegged stablecoins, will now have the approval to sell their stablecoins and digital payment token products in Singapore. 

Circle's Global Head of Public and Chief Strategy Officer, Dante Disparte, believes that the licence would increase the potential for cryptocurrencies and open payment systems to stimulate economic growth in Singapore under the more creative legal environment.

## Paxos crypto firms Asia CEO's view

We're happy to have MAS as our regulator. With their oversight, we'll be able to safely drive consumer adoption of digital assets internationally in conjunction with the world's largest corporations, said the Paxos Asia CEO, Rich Teo. 

While we remain to see how many other enterprises will follow in the footsteps of Circle and Paxos, the [regulatory](/news/article/pgi-global-closed) relaxation comes after MAS rejected over 100 out of 170 applicants in late 2021 under the stricter system.

Singapore is working hard to claim back its reputation as one of the most crypto-friendly countries. However, it remains cautious for individual investors, with Singapore's largest bank, [DBS, recently opting to limit its crypto trading services to approved investors who fulfil strict requirements.](https://www.bloomberg.com/news/articles/2022-09-23/singapore-s-dbs-expands-crypto-trading-for-wealthier-clients#:~:text=DBS%20Group%20Holdings%20Ltd.,%20Singapore's,said%20in%20a%20statement%20Friday.)


Circle and Paxos crypto approval in Singapore

In the latest [SEC vs Ripple](/news/article/xrp-court-case-update) news, the Blockchain Association has come out in favour of Ripple Labs as it continues its legal battle with the Securities and Exchange Commission. The US crypto advocacy group argues that the case is critical to the future of the crypto sector.

## SEC vs Ripple - Basis of Case

In a 28 October article, the advocacy organization said it would "stand" with the American crypto economy by filing a legal brief in the SEC enforcement case against Ripple. 

The SEC said [nearly two years ago](https://www.sec.gov/news/press-release/2020-338) that it would sue Ripple, former CEO Christian Larsen, and current CEO Brad Garlinghouse for allegedly generating $1.3 billion through unregistered securities transactions using XRP. 

This case is just one in a long series of SEC efforts to regulate through enforcement," the organisation stated, highlighting its efforts to entrench and legitimise its broad interpretation of the Howey test.

The [Howey Test](https://www.forbes.com/sites/roslynlayton/2022/10/30/crypto-law-experts-suggest-sec-likely-to-lose-key-case-and-discredit-howey-test/) decides what qualifies as an investment contract and hence what is subject to US securities laws. 

## Why is Blockchain Association involved in SEC vs Ripple?

The Blockchain Association explained in its brief why it believes the SEC and Chairman Gary Gensler's views on securities rules might have disastrous implications for the crypto sector. 

It says that [blockchain technologies](/news/article/moonriver-staking) have several applications in the cryptocurrency business; tokens may be used to pay for products and services, transfer intellectual property rights, maintain inventories, and serve a specific role in a particular blockchain project. 

Applying securities rules to such tokens, whether or not via the lens of the Howey test, would severely limit their ability to function. 

The group further alleges that the regulatory body is ignoring clear Supreme Court and Second Circuit decisions establishing that transactions offshore are outside its authority.

## Blockchain Association hopes in SEC vs Ripple case

According to the Blockchain Association, the lawsuit allows the industry to push back against the "SEC's [regulation](/news/article/uk-crypto-tax-regulations) by enforcement agenda" and perhaps open the way to upgraded industry standards.

SEC vs Ripple News: The Latest

A [press release](https://www.gov.uk/government/news/cryptocurrency-trading-firm-shut-down-after-scamming-investors) issued by UK authorities has confirmed that cryptocurrency trading firm PGI Global UK has been shut down by the High Court.

The announcement from the UK Government was published yesterday (27 October). It was released by The Insolvency Agency, which is an executive agency sponsored by the Department for Business, Energy, and Industrial Strategy.

## PGI Global promised 200% returns

Between July 2020 and February 2021, the UK-based business gathered around £612,000, or $710,000, from potential investors. It told these investors that their investments in the firm would provide a 200% return. When it failed to keep its commitment, it forbade its investors from withdrawing their money.

Investigations discovered that the business utilised three accounts to collect the payments. As a result, PGI had allegedly diverted about £200,000 by paying no less than £195,000 to personal accounts and £10,000 to a luxury department shop.

## Director fails to comply

According to the Court, Ramil Ventura Palafox, the company's only director, refused to participate in the [inquiry](/news/article/token-sniffer-threats) into the charges. 
Furthermore, Insolvency Service Chief Investigator Mark George emphasises that limited liability safeguards need compliance with the Companies Act by both companies and individuals. 

He adds that this case demonstrates that if we have legitimate concerns about a firm's trading practices, the court will take a poor view of any failure to cooperate with a statutory investigation and will wind up with the company in the public interest. 

## Background

PGI UK is a subsidiary of Praetorian Group International Trading, which is in the United States. After obtaining a seizure warrant from the US District [Court](/news/article/xrp-court-case-update) for the Eastern side of Virginia, the US Department of Justice closed the corporation.

According to a Chainalysis [analysis](https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/), cryptocurrency-related crime hit an all-time high in 2021, with illegitimate addresses collecting $14 billion, up from $7.8 billion in 2020. In contrast, according to another Intelligent CIO [analysis](https://www.intelligentcio.com/me/2022/08/22/crypto-criminal-activity-has-fallen-in-2022-with-illicit-cryptocurrency-volumes-down-15-yoy/), illicit cryptocurrency volumes fell 15% year over year in 2022, owing to a decline in crypto-criminal activities.



PGI Global Closed by UK High Court

According to an October poll conducted by US asset management firm [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2022/Schwab-401k-Study-Finds-Millennials-and-Gen-Z-Take-Advantage-of-Broader-Range-of-Retirement-Resources-Than-Previous-Generations/default.aspx), over half of Gen Z and Millennials want crypto to be in their 401(k) retirement plans. 

When the business asked participants what they wanted to add to their 401(k) retirement products, [46% of Gen Z and 45% of Millennials](https://www.investing.com/news/cryptocurrency-news/almost-50-of-gen-z-and-millennials-want-crypto-in-retirement-funds-survey-2921428) indicated they hoped to invest in crypto as part of their financial planning. 

It's hardly surprising, given that 43% and 47% of Gen Z and Millennials are already investing in cryptocurrencies outside their 401(k), indicating their fondness for the asset class.

The asset management firm asked 1,100 401(k) members aged 21 to 70 to take a 10-minute poll between 4 April and 19 April, 2022.

## Who qualifies for a study on crypto retirement funds?

Participants in the study had to have worked for a firm with 25 or more workers and be current 401(k) plan participants. 

Millennials are individuals born between the early 1980s and the mid-1990s. Gen Z is those born between the mid to late 1990s and the early 2010s. 

The percentages contrast sharply with individuals born between the mid-1940s and the late 1970s, with only 31% and 11% wishing to invest in cryptocurrencies, respectively.

## What could challenge the success of the crypto retirement fund? 

Inflation is seen as the major deterrent to pension success. Fidelity Investments reportedly [put plans in place](/news/article/fidelity-crypto-increase) in April to allow Bitcoin investing for its 401(k) retirement saving account holders, with investors permitted to deploy up to 20% of Bitcoin to their savings portfolio. 

[Rest Super](https://rest.com.au/super/super-products/rest-super) was the first pension fund in Australia to provide Bitcoin allocation to its 1.9 million members in November 2021. 

A [Quebec pension fund](https://www.reuters.com/markets/us/canadian-pension-fund-cdpq-explores-legal-options-over-failed-crypto-firm-2022-08-17/) lost nearly all of its $154.7 million investment in the now-defunct cryptocurrency [lending platform Celsius](/news/article/celsius-data-breach). Controversies like these have split US Senators on the magnitude of the dangers associated with crypto-exposed 401(k) retirement plans.



Crypto Retirement Fund Popular with Millennials

The Fidelity crypto division will have 500 staff members in total within the first three months of 2023, according to a spokesperson.

In sharp contrast to the recent squeezing out of crypto talent, $4.5 trillion asset management company Fidelity Investments is to employ another 100 individuals to support the firm's developing digital assets division. 

## Search for live jobs related to the Fidelity crypto division 

A [search](https://jobs.fidelity.com/job-search-results/?keyword=digital%20assets) on the bank's job board showed 74 active results for digital asset-related roles covering blockchain technology, business analysis, customer support, finance and accounting, product development, and corporate services such as compliance. 

Most of the current listings are from the United States, with the bulk originating from its offices in Boston, New York, Texas, Colorado, and Utah. According to Bloomberg, the new positions will be in the US, UK, and Ireland.

## What has caused the increase of staff at Fidelity? 

Fidelity's recruiting drive came after BlockFi, Coinbase, Gemini, and Crypto.com, among the top [crypto-native entreprises](/news/article/how-maiar-exchange-leverages-elrond), laid off 20%, 18%, and 10% of their staff, respectively. The mass layoffs appear to have created a new pool of digital asset talent for conventional corporations like Fidelity [to recruit](https://www.fnlondon.com/articles/fidelity-hiring-crypto-jobs-blockchain-20221019).

## Crypto division to increase digital assets offering

Fidelity has begun to provide more extensive [digital asset](/news/article/best-crypto-card-uk)-related services as investor interest in digital assets grows. 

A bank representative recently revealed to a cryptocurrency news outlet that the bank would begin offering [ETH](https://en.ethereumworldnews.com/fidelity-digital-assets-to-allow-clients-to-purchase-ethereum/) custody and trading services to institutional clients on 28 October, 2022.

In September, industry observers speculated that the company would soon "transition" towards offering Bitcoin trading services to its 34 million retail consumers. 

At the time, the company did not confirm the rumours, merely stating that extending its capabilities to provide further access to digital content remains an area of attention.

The company has previously established a tool that allows holders of 401(k) retirement savings accounts to invest directly in Bitcoin (BTC).


Fidelity crypto department to increase by 25%

CoinSmart

The [CoinSmart cryptocurrency exchange](https://www.cryptovantage.com/best-crypto-exchanges/) came into existence because the founders found it challenging to fund and obtain verification on existing exchanges. They intended to develop a dependable, user-friendly exchange for beginners and easily accessible to Canadians. 

The result is a crypto exchange with rapid verification, a user-friendly interface, bank-grade security, and several financing possibilities in various fiat currencies. They also provide more complex choices for experienced traders with bigger volumes.

Although [CoinSmart](https://crypto.coinsmart.com/register) began as a Canadian-only exchange, it has recently extended to several other countries worldwide. That means more people have benefited from its outstanding UI and simple onboarding procedure. The United Kingdom, Germany, France, Italy, Spain, Portugal, Sweden, Norway, Turkey, Poland, Ireland, the Netherlands, Georgia, and Estonia are all represented.

It offers a limited variety of digital currencies for purchase, sale, and trading. The most popular cryptocurrencies are: [Bitcoin (BTC)](https://www.cryptovantage.com/buying-crypto/bitcoin/), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Bitcoin Cash (BCH), EOS, NEO, Dash (DASH), and QCAD.

## Is CoinSmart secure? 

CoinSmart is a trustworthy cryptocurrency exchange that takes security seriously. They are a FINTRAC-registered Money Service Business, which means they comply with regulatory criteria and produce documents to retain their licensing status. A recognised Canadian bank also backs them.

CoinSmart Canada prevents fraud by utilising a sophisticated identity verification procedure that detects bogus addresses and dates of birth by using a database provided by data-gathering companies. CoinSmart can authenticate a person's identification while keeping personal user information protected by using these agencies.

The organisation also allows customers to use a two-factor authentication mechanism (2FA). Users must provide a password generated on their phones when attempting to log in. They must then input the freshly produced code and their account details.

CoinSmart also provides consumers with a cold digital wallet for each coin available on the market. Whether a user acquires a particular cryptocurrency or not, a cold wallet is accessible. This wallet uses industry-standard techniques and processes.

## Fees with Coinsmart 

CoinSmart charges reasonable fees for fiat deposits and withdrawals, and cryptocurrency withdrawal fees are common. Their costs follow industry standards, but they are not a compelling reason to use the exchange. 

There are no fees for Canadian Dollar deposits made through bank transfers or drafts. However, both methods need a minimum deposit of $10,000 and $500, respectively.

If users deposit via an Interac e-Transfer, there are no costs if their deposit $2,000 or more, but there is a [1.5% fee](/news/article/etoro-fees) if you deposit less. The 1.5% charge is standard; investors can find it on the neighbouring Canadian [exchange](/news/article/best-exchanges-for-crypto-uk) [Bitbuy](https://www.cryptovantage.com/best-crypto-exchanges/bitbuy/). Credit and debit card funding costs are the highest, with some fees reaching as high as 6%.

Meanwhile, bank wire and electronic funds transfer options have a 1% fee with a $15 minimum for Canadian Dollar withdrawals. Crypto withdrawals are subject to a fixed charge that varies according to the asset. The Bitcoin withdrawal charge, for example, is 0.0005 BTC, whereas the Cardano withdrawal fee is 0.3 ADA.

## Key Features at CoinSmart
 
CoinSmart offers a few unique features that distinguish it from the competition.

The first is that it is a beginner-friendly platform, making it an excellent starting point for novice crypto users. The site has an exemplary user interface that makes depositing simple.

CoinSmart is also the only exchange that provides the SmartGuarantee, which offers the following advantages: 

•	All deposits are credited to users' accounts the same day they are received. 

•	Every account is confirmed the same day, and all fiat withdrawals are made within five days. 

•	CoinSmart has a good referral programme in which customers may suggest friends and get $15 if they invest at least $100.

## How users can set up their CoinSmart account

Setting up an account with CoinSmart is simple, and they provide fast verification using Equifax, so users may be verified and trading within minutes of signing up. To open a CoinSmart account, follow these steps:

•	Navigate to the [CoinSmart webpage](https://www.coinsmart.com/) 

[![Coinsmart1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart1_cc9f4818b1.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	Insert the respective email address and press "[Get Started](https://crypto.coinsmart.com/register)." 
 
[![Coinsmart2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart2_605e9c8553.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	On the next page, choose the name, choose a password, and press "Sign Up."

[![Coinsmart3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart3_d0af1cc0bf.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	Verify email through email sent to the user's email address

•	Enter the user's phone number and verify through the code sent to the number

•	Enter users’ information, including full name, date of birth, and address

If they can instantly verify investors, they are ready to deposit and start trading!

If they are unable to verify the user's identity instantly, they must provide the following information:  

•	Easy-to-read copies of the front and back of their government-issued ID

•	A selfie with users holding the same ID and a piece of paper with the word "CoinSmart" written with today's date.

•	A recent copy of their utility bill with their name and address.

After the respective users enter this information, the site will personally verify their identity before allowing them to fund their account and begin trading.


CoinSmart - A Guide for Beginners

N26, a German fintech valued at $9 billion, has partnered with Bitpanda to enable crypto trading on its mobile app. N26 Crypto will let consumers purchase and trade 200 cryptocurrencies, including Bitcoin, beginning in Austria and expanding to additional countries in the following months. 

The Berlin-based fintech [firm said](https://n26.com/en-eu/press/press-release/n26-launches-new-cryptocurrency-trading-product-n26-crypto) on Wednesday that the Austrian launch addresses "high local demand", with 40% of customers actively trading or investing in cryptocurrency. N26 intends to expand its cryptocurrency trading business to significant additional markets over the next six months.

Customers who have confirmed their identification may access N26 Crypto through the "Trading" part of their app's new "Finances" section. As a result, people may purchase cryptocurrency using their fiat [bank](/news/article/revolut-bank-uk-crypto) account. For standard accounts, the transaction price is fixed at 1.5% for Bitcoin and 2.5% for other currencies, with some further savings for metallic card holders. 

According to N26 co-founder and co-CEO Valentin Stalf, the business sees its new offering as an entrance point for a new generation of investors who, despite recent market turmoil, are interested in digital assets.

## Partnership with Bitpanda

The site runs in collaboration with Vienna-based [Bitpanda](https://www.bitpanda.com/en) GmbH, which handles transaction execution and coin custody.

In November 2021, the firm declared its plan to depart the US market and focus only on the European market. However, the corporation also ran into some issues in Europe, with the German Federal Financial Supervisory Authority (BaFin) imposing a new client cap on the company in May 2021.

## Bitpanda gives more people the power to invest

This collaboration brings together two renowned DACH [fintech firms](/news/article/crypto-friendly-banks-uk) with a shared goal of providing everyone with easy, safe, and convenient financial control.

N26 customers will now be able to invest in around 200 cryptocurrencies for as little as €1 with [Bitpanda's White Label Solution](https://www.bitpanda.com/en/whitelabel), depending on their budget and risk tolerance.

Bitpanda and N26 Enter Crypto Partnership

The BNB Chain-based passive income protocol EverGrow coin price surged in the last week of August due to the news of an ecosystem token launch.

The new token, LUCRO, is intended to enhance EverGrow's ecosystem, which presently includes a decentralised exchange, or DEX, an [NFT marketplace](/news/article/solana-nft-marketplace), a social media platform, a crypto wallet, and a Metaverse.

The sharp EverGrow price rise of more than 40% in the previous seven days, as of 2 September, was a welcome relief for EGC investors. They had watched the token lose about 80% of its market value since 2022.

## Evergrow coin - a form of passive income 

EverGrow is a passive income platform built on the BNB Chain that compensates holders of its native token with [stablecoins](/news/article/kuji-coin). 

EverGrow pays its holders in BUSD, a Binance-based stablecoin. Transaction costs from buying, selling, and transferring EGC create rewards. According to the project's whitepaper, 8% of all transaction fees are redistributed to holders, with the remaining 2% going to a liquidity pool on the Binance-based DEX Pancake Swap.

An additional 4% of transaction fees are split evenly between repurchase programmes and project development. The protocol also has an "anti-whale scheme" that restricts any sale value to 0.125% of the circulating supply.

## Evergrow coin price - What is EverGrow? 

According to CoinMarketCap, EverGrow's native token was the 3,250th largest cryptocurrency as of 2 September, with a self-reported market valuation of $91m.

According to their website, awards are computed based on the amount of EGC held and the daily volume. 
BUSD, when specific volume criteria are met, is distributed; low transaction volume may result in a longer threshold trigger period. The token features a buyback and burn option; more than 50% of EGC passed to a burn address. The initial maximum quantity of the companies' tokens was one quadrillion.

EverGrow's repurchase reserve amasses Binance Coin (BNB), used to purchase EGC on the open market and transfer it to a burn address. As previously stated, EverGrow allocates 2% of transaction fees to its repurchase reserve. 

Based on [BscScan](https://bscscan.com/token/0xC001BBe2B87079294C63EcE98BdD0a88D761434e#balances) on-chain statistics, around 139,800 addresses possessed EGC on 2 September, 2022. EverGrow's burn address had approximately 53% of EGC's maximal supply. The highest EGC-holding address had 51.13 trillion tokens, accounting for 5.1% of the entire supply before the burn. As of 2 September, 2022, the second richest EGC-holding address had around 3.4% of the token's total supply before the burn.

## The action of EverGrow coin price 

EGC interest peaked a few weeks after its inception when EGC token transfers began to surge. On 7 October, 2021, less than a fortnight after the debut of the EverGrow Protocol, EGC was selling for $0.00000006575, according to CoinMarketCap data. As per BscScan data, EGC token transfers increased in the last week of October 2021, peaking at over 70,000 transfer counts on 1 November, 2021, the same day EGC reached an all-time high of $0.000003379.

Since then, the amount of token transfers on their protocol has decreased, and the price of EGC has followed suit. As of 2 September, 2022, EGC had lost around 78%. EGC reduced losses by climbing 37% in the previous seven days.

EGC is one of several coins experiencing unfavourable price behaviour due to the risk-off shift in market opinion toward cryptocurrencies. This year, the crypto veterans [BTC](/news/article/bitcoin-price-uk) and ETH have dropped by more than 50%.

## EverGrow coin price prediction for 2022

Longer term, algorithm-based forecasting firm [Wallet Investor](https://walletinvestor.com/forecast/evergrowcoin-prediction-data) was optimistic about the firms' price projection for 2022, predicting that the EGC token will trade at an average of $1.122 by the end of 2022. 

According to Wallet Investor's 2025 EverGrow price projection, the token will reverse its gains and plummet to an average price of $0.000000006 by the end of 2025. 

Meanwhile, [DigitalCoinPrice](https://digitalcoinprice.com/forecast/evergrowcoin) predicted that the token would trade at an average price of $0.000000889 in 2030. 

Per the [price prediction's](https://priceprediction.net/en/price-prediction/evergrow-coin) EverGrow crypto price prediction for 2 September, 2022, the token will trade at an average price of $0.00000106 in five years.


EverGrow Coin Price Direction

A house containing a host of interior decorations based on a crypto theme and non-fungible tokens has hit the market for $1.2 million. 

## Background of the crypto house

The social media account Zillow Gone Wild, renowned for providing photographs of intriguing residences for sale, shared images of the home in North Hollywood, California, on many platforms, [including Instagram](https://www.instagram.com/p/CjqOlx_LkJD/?hl=en), where it received more than 25,000 likes. According to [Forbes](https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/), [NFTs](/news/article/prime-ape-planet-nft) have been around since 2014, but their popularity has lately risen.

## What is inside?

The photographs of the property reveal a simple exterior, while the interior includes portraits from the [Bored Ape Yacht Club](/news/article/bored-ape-nft), Twitter wallpaper, and photos of the [Bitcoin](https://www.newsweek.com/topic/bitcoin) sign. 

Commenters on Instagram were quick to share their ideas in the comments section. "Live Laugh Love: Crypto Bro Edition," [commented one Instagram user](https://www.newsweek.com/topic/instagram). "It appears like it was made for a reality show," another person said.

## The idea behind the NFT house

The owner, Elle Levy, told Newsweek that she only put the property on the market approximately two weeks ago and that its primary job was to operate as an [Airbnb](https://www.newsweek.com/topic/airbnb).

Levy stated that she became interested in Bitcoin in 2017, which inspired interior design. It took six months to a year to refurbish the inside to match the motif. Although it is now on the market, Levy stated that it is still accessible for booking through Airbnb until the day it is sold.

"The whole point was to provide individuals a venue to film amazing material in Los Angeles," Levy explained. She also stated that she intends to create short-term rentals around the nation with various themes for people to enjoy and provide "amazing content for their social media."

While Levy said it served her well and was popular with tenants, she is placing it on the market owing to disputes with neighbours. However, she has stated that she intends to move to the house.


The Crypto House Valued at $1.2million

Kraken

This Kraken review will zero in on margin trading with the US-based cryptocurrency exchange.

[Margin trading](https://cryptopotato.com/kraken-margin-trading-beginners-guide-everything-you-need-to-know/) allows customers to leverage their bets using funds they do not own. The advantage of this trading strategy is that it can significantly improve profits while putting less money at risk.

However, it is also worth mentioning that it has the potential to amplify losses rapidly. Leveraged trading enables investors to open more leveraged positions than their current balance. Kraken advances funds over what the investor currently has in their account.

To start a margin account, the user's broker is legally obligated to acquire their permission. The margin account may be included in the usual account opening agreement or it may be a separate agreement.

Margin trading is also more versatile than other sorts of lending. There may be no set repayment timeline, and the user's broker's maintenance margin requirements may be straightforward or automated. Most margin accounts are open until the securities are sold. At this point, final payments are often due to the borrower.

## Kraken review: How margin trading works

To margin trade on [Kraken](https://www.kraken.com/en-gb/features/margin-trading), users must go through several order types based on where they believe the market will move. The buyer can open long or short trades and close them using opposite orders or settling commands.

## Kraken review: What cryptocurrencies can users trade

One detail that needs to be known is which cryptocurrencies [Kraken](https://r.kraken.com/4e7yWG) supports for margin trading and the leverage levels at which customers will be allowed to deal. 

Kraken offers varying amounts of leverage depending on the cryptocurrency the investor wants to trade.

As a result, the allowable leverage varies depending on the base and quoted currencies. The following table lists all of the cryptocurrencies currently accessible for this type of trading and the leverage levels that are available for each one:

[![Kraken1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken1_0ef841b41d.png)](https://www.kraken.com/features/margin-trading)
  
## Kraken Review: How to open a margin position

When a user opens a position, they receive advance cash (the margin) to assist them in executing a leveraged trade. 

In general, positions can be opened in two ways, depending on whether the investor wants to go long or short. 

If users want to open a long trade for ETH/EUR, the Kraken exchange will advance EUR to buy ETH. 

If the customer wants to open short trade, they will advance ETH so that the user can sell it for EUR. 

To enable margin trading, the user must log into the account, navigate to the "New Order" page, and select "Intermediate." 
 
[![Kraken2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken2_bc3aa130fc.png)](https://www.kraken.com/features/margin-trading)

[![Kraken3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken3_24e15de6a4.png)](https://r.kraken.com/4e7yWG)
  
The above screenshot illustrates that the [user](/news/article/kraken-exchange-under-investigation) can purchase or sell using the specified leverage on the right. For example, if the consumer selects to employ a leverage amount of 3, which is 3:1, tripling their purchasing power. 

If the user wants to go long, they must first place a buy order, as described above. 

The user must next configure the Order Type. If they choose the market, they must select "market" from the two options. If they wish to execute the deal when the price reaches a specified limit, they must select "limit".

## Kraken review: How to close a position

As previously stated, when users use leveraged margin positions, trades are conducted with an advance funded by [Kraken](/news/article/kraken-ceo). 

Users must return all the monies advanced to the exchange to close a trade. To close a trade, the user must create an order inverse of the opened order they wish to complete.

[![Kraken4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken4_375fee55f5.png)](https://r.kraken.com/4e7yWG)
 
There is a long open position for Bitcoin in the previous screenshot. It indicates that the order type is "buy/market," indicating that the position is long. It selects the best available market order rather than aiming for a specific price limit on the order book. 

The investor would have to create the opposite transaction to close that position. 
 
[![Kraken5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken5_2d9039dc05.png)](https://r.kraken.com/4e7yWG)

Since the position that needs to be closed is a "Buy," the user must select the "Sell" option on this screen. They also must choose leverage; otherwise, their funds will be sold at the best market price. 

After picking leverage, all the user has to do is click the Sell XBT for EUR button, and the trade will be closed, adding or discounting their balance with the profit or loss made on that transaction.

## Kraken review: How to settle a position 

Margin trading, as previously stated, is carried out through Kraken advances. As previously mentioned, one method for closing positions is to execute an opposite transaction. 

The second method is for the trader to return the advanced funds immediately from his account without engaging in a trade, known as a position settlement. 

For example, here's what you need to do to settle a long position. 
 
[![Kraken6.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken6_d124eb7445.png)](https://r.kraken.com/4e7yWG)

The user must pick the advanced option from the top menu to generate a Buy settle position order.

The user then chooses the amount to settle and the level of leverage. The order type should be "Settle Position".

The number of cryptocurrencies settled will be purchased using the chosen currency from the user's account at the price at which the position opened.

## Kraken Review: Types of fees

Regarding margin trading on Kraken, the user must be aware of two types of costs. These are the "opening fees" for creating a new position and the "rollover fees" for keeping an existing position open.

Both depend on the base and quote currencies. The initial cost ranges between 0.01% and 0.02%. 

The rollover cost, on the other hand, is payable every four hours and varies depending on the cryptocurrency trading pair selected by the customer. It ranges from 0.01% to 0.02% every four hours.

Margin trading on Kraken can be advantageous, allowing users to increase their profits if the right trade occurs. The platform has several advantages, but users must also note that losses might multiply.

It's vital to remember that [margin trading](https://www.investopedia.com/terms/m/margin.asp) is considered high-risk, with significant losses possible if the trade doesn't go as planned. As a result, it's critical to recognise the risks of this form of trading and act cautiously.


Kraken Review: All You Need to Know

The South Korean Government plans to incorporate digital IDs as an app into mobile devices in the future, [according to Bloomberg](https://www.bloomberg.com/news/articles/2022-10-16/south-korea-aims-to-boost-economy-with-digital-id-on-blockchain). The 'blockchain IDs' will be comparable to conventional resident registration cards. The report says that digital IDs will be available in 2024, with 45 million residents expecting to use the technology within two years.

## How blockchain IDs could be helpful to Korean Citizens

Hwang Seogwon, an economist at Korea's Science and Technology Policy Institute, said they could use digital IDs in finance, healthcare, taxes, and transportation. In contrast, Suh Bo Ram, Director-General of [Korea's](/news/article/samsung-south-korea-exchange) Digital Government Bureau, said the technology could help businesses that haven't yet fully transitioned online.

## Plan for the implementation of digital IDs in Korea

The plan also includes adopting a decentralised identification system. That means the government will not have access to information saved on phones, such as how and where they can use the digital IDs. 

According to the Portulans Institute, an American think tank, such technology is not new to the tech-savvy nation. South Korea ranks first among all nations using technology for life, commerce, and government. It would also not be the first blockchain-based ID system used in the country. [More than one million South Koreans have adopted a blockchain-powered driver's licence](https://techwireasia.com/2020/08/blockchain-based-drivers-licenses-hit-the-road-in-south-korea/) that functions through Korea's PASS smartphone application by August 2020.

## Will other countries follow Korea in implementing digital IDs?

While [South Korea](/news/article/daniel-shin-home-raided) is leading the way in these areas, other countries to follow soon. 

According to a June 2021 report from market research firm ReportLinker, [the blockchain identification industry will expand another $3.58 billion by 2025](https://finance.yahoo.com/news/blockchain-identity-management-market-grow-091500421.html), or a compound annual growth rate of 71%.

Brenda Gentry, CEO of Bundlesbets.com, recently told a crypto news website that regardless of how competent and decentralised the ID management system is, it would still require recognition from government bodies or corporations.



Blockchain IDs to be Given to Koreans

[SOS](https://www.finder.com/uk/how-to-buy-opendao) will not be available for purchase on an exchange in the United Kingdom. So, where can you buy OpenDAO in the UK?

Users can still buy SOS by using a decentralised exchange (DEX). Decentralised exchanges run on blockchains such as Ethereum and are essentially exchanges allowing users to trade any asset with one another directly.

1.	Find SOS on a decentralised exchange and ensure OpenDAO is tradable for ETH, Ethereum's native asset. Popular DEXs include Uniswap, SushiSwap, and 1INCH. 

2.	Using an exchange such as CoinJar, purchase ETH to trade for SOS. Users must buy enough ETH to swap for SOS and ETH to cover Ethereum network transaction fees (gas). You can find out how much gas fees currently cost by using a service like Etherscan. 

3.	To connect to the DEX, deposit the ETH into a web 3.0 wallet such as MetaMask.

4.	Follow the on-screen instructions to trade ETH for SOS on the DEX of your choice. Users must ensure they have enough ETH in your wallet to cover gas costs. 

5.	Wait for the transaction to complete before receiving the SOS tokens in your wallet.

6.	Users can now keep the tokens in their web 3.0 wallet or transfer them to a more secure location, such as a hardware wallet.

## Best OpenDAO wallets to store your SOS

Investors can keep their SOS on the exchange they bought it on or move it to a personal wallet:

•	Some people prefer to use their wallets to ensure total ownership of their assets or to use them in conjunction with other applications such as DeFi services. 

•	Hardware wallets are regarded as the safest type of cryptocurrency wallet because they use a physical device to improve security in various ways.

## Is OpenDAO a good investment?

Purchasing cryptocurrency can be a risky endeavour, but there are precautions users can take to reduce risk, such as conducting thorough research about [OpenDAO](/news/article/daomaker-guide) before purchasing: 

Investors can spend time researching a coin before deciding to invest, especially if the coin's price is seemingly spiking for no apparent reason. 

Stick to reputable exchanges: Stick to more well-known crypto exchanges to avoid losing money in a scam. Try to store cryptocurrency in a hardware wallet instead of on an exchange.

Investigate the coin's creators and developers: A frequent red flag is anonymous teams. You might want to consider alternative cryptocurrency investments if you can't find information on the coin's creator.

## How to trade, convert or sell OpenDAO

Users can convert or sell their SOS on the same exchange where they purchased it: 

1.	Sign into the exchange where SOS is.
2.	Compare crypto exchanges to convert or sell your [OpenDAO](/news/article/nrch-crypto-explained) if you keep it in a digital wallet. 
3.	Select Sell or Convert and enter a sell order. 
4.	Select the amount of SOS you want to convert or sell. 
5.	Confirm the selling price and fees, and then complete the sale of OpenDAO. 
6.	Complete your transaction and save your SOS in a wallet.

## OpenDAO Vision

1.	Maintain USDO health:

•	Maintain [peg](https://opendao.gitbook.io/whitepaper-v4/introduction/dao-mission-statement).

•	Increase liquidity.

•	Use only appropriate collateral to support USDO borrowing.

2.	Increase the circulation of USDO. Increase the amount of USDO in the market by pre-seeding various lending markets.
3.	Boost USDO Adoption 
4.	Encourage native use cases, such as on-chain applications, off-ramps, and real-world acceptance. 

The DAO is responsible for ensuring that only high-quality collateral is whitelisted. Following this goal, OPEN token holders can stake OPEN for veOPEN, which grants them voting rights in governance matters such as minting more USDO, determining which collateral on the whitelist is accepted, and seeding whitelisted markets. 

veOPEN holders receive mint and interest fees generated by the OPEN protocol. If a whitelisted collateral market experiences a black swan collapse, treasury OPEN must be sold to cover any losses.

After a three-month lock, OPEN locked in to create veOPEN can only be unstacked. Only committed OPEN holders have the right to vote on governance and fees. 

## Use Cases for OpenDAO

As a stablecoin, USDO is for whatever purpose the user desires. On various AMMs, different USDO token pairs allow the swap of USDO against other tokens such as BUSD, USDC, and USDT. OpenDAO is working to develop various native use cases for USDO.


How to Purchase OpenDAO in the UK

Before we look at the LRC price and history, let's look at quantities.

The maximum quantity of [Loopring](https://loopring.org/#/) LRC coins is 1,374,513,896. The circulating quantity of LRC digital coins is 1,329,675,414 units, and the market cap is $1,208,161,143.11. The Loopring DEX has the LRC token, and the remaining tokens will be accessible in circulation. 

Loopring may use Ethereum and Neo blockchains. The hash functions of the underlying blockchain technology, such as SHA256 and RIPEMD160, are used to protect the coin, which is safe from a technological standpoint without losing dependability.

LRC is an open protocol created to build decentralised crypto exchanges. Furthermore, using zero-knowledge proofs can establish a non-custodial, order book-based exchange on the Ethereum network. 

Users own their private keys using the non-custodial exchange, which allows them to keep the crypto and assets secure.
It is believed that a new DeFi system picks many virtual coins, including LRC and its native utility coin. The aim is to facilitate a global network of users to run a platform known for creating and production of different types of crypto-asset exchanges. 

They claim that by using zk-rollups, a layer-two scaling technique, their exchanges can deliver speedier settlements for traders. It also allows blockchains to process transactions more quickly while maintaining low gas fees.

The technology, which uses cryptography (zk-rollups), allows exchanges to build on top of it to avoid the slow speeds and expensive costs associated with decentralised exchanges on ETH, making it easier for dealers to compare the prices of their digital assets. 

Thus, zero-knowledge rollups allow exchanges to do necessary calculations somewhere rather than directly on the Ethereum blockchain. 

Investors can also take advantage of faster speeds and cheaper costs by reducing the number of transactions the exchange can send to the Ethereum network.

On the other hand, other decentralised crypto exchanges need transaction verification on the ETH platform in a few minutes rather than seconds or milliseconds. As a result, it has a considerable edge over other DEX. 

The fundamental value proposition of Loopring is the cutting-edge encryption it includes on its platform. Some proponents feel zk-rollups are promising because they use a well-known type of encryption known as zero-knowledge proofs (ZKP). Instead of providing the facts, ZKP permits a computer programme to claim it. A zero-knowledge proof, for example, may allow a government organisation to verify that the user is of legal age to visit a specific website without giving the actual birthday.

## LRC price - history of Loopring 

Daniel Wang, a software engineer and entrepreneur, formed the Loopring Foundation, which oversees the development of their protocol. Wang is the foundation's founder and current CEO from Shanghai, China.

Wang obtained his degree in computer science from the University of Science and Technology in China. He earned a master's degree in computer science from Arizona State University.

Before joining Loopring, Wang had several senior positions at prominent IT companies. He worked at the medical device firm Boston Scientific as a lead software developer. He also worked at JD.com as senior director of engineering, search, recommendation, and ad system, a Chinese e-commerce company.

Other roles include working at Google as a senior software developer and tech lead. Wang is also a co-founder of many businesses, including Yunrang (Beijing) Information Technology Ltd. and Coinport Technology Ltd., a bitcoin services company. 

The LRC price is now over $0.2707. On 10 November, 2021, the all-time high was $3.83. On the other hand, on 18 December, 2019, the all-time low/minimum LRC price was $0.01986. The daily trading volume is $34,952 million.

## LRC price - staking

•	Anyone can stake LRC to receive a portion of protocol fees. Approximately 70% of the charge is distributed to users who bet LRC. Furthermore, 20% of the fees are given to the DAO (Decentralized Autonomous Organization), with the other 10% burnt.

•	Anybody interested in running a decentralised exchange on Loopring must secure at least 250,000 LRC tokens. They enable the operator to conduct an exchange based on on-chain data proofs. Without this functionality, an operator may require one to stake one million tokens to run an exchange.

## LRC price prediction 2022-2030

The Loopring cryptocurrency forecast today is for a minimum price of $1.23 and a maximum LRC price of $1.54 in 2023. According to our Loopring estimates, the average price for the year will be $1.36. 

Following the Loopring price projection algorithm and technical research, the Loopring minimum price will be about $1.30 in the first half. According to the Loopring forecast, the highest price will be $1.54, with an average Loopring price of roughly $1.34 throughout 2024.

The minimum price of Loopring LRC, according to technical analysis and Loopring estimates, will be $1.61, while the maximum price level will be $2.08. Per our Loopring projections, the average Loopring coin price in 2025 will be $1.86. 

Per the Loopring projection, the minimum price of LRC will be $1.51. According to our long-term forecast, the highest price will be $1.77 while keeping the average price of $1.62 in 2026.

Loopring LRC price forecast and technical analysis indicate that Loopring will trade at an average price of $4.28. Thus, according to our Loopring price forecast, the Loopring [cryptocurrency](/news/article/what-is-market-cap-cryptocurrency) will reach maximum and minimum price levels of $4.41 and $4.12, respectively, in the long term. The Loopring market may increase by 2030. 

Since the RSI indicator has shown an overbought condition, the probable price development might go either way. Thus, traders should utilise swing techniques. According to our Loopring price forecasting, it will be a beneficial investment for years.

Buyers need to know their risk tolerance and how they want to enter the financial markets. As the crypto market is risky and volatile, there is no guarantee of the future. These are the Loopring price forecasts we have made and not financial advice.


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