The comprehensive [measure](https://www.thecoinrepublic.com/2022/10/05/this-economically-full-fledged-country-experimenting-with-blockchain-technology-once-completely-avoided-crypto-2/), which has received its second reading in parliament and is currently under consideration by a committee, broadens the scope of the legislation to include stablecoins, clearing the way for their use as a form of payment in the United Kingdom.

## Is UK crypto tax pragmatic or legal?

Crypto assets, according to HMRC, can be located anywhere the beneficial owner resides, according to the Society of Trust and Estate Practitioners. This view is from a pragmatic conclusion rather than a legal foundation.
 
Difficulties occur when a third entity, such as an exchange or custodian, holds the private key required to access such assets or when numerous persons jointly possess the assets. 

Furthermore, it is uncertain if different coin assets are grouped when declared property. Also, should utility tokens, which give holders access to blockchain-based services, be classified similarly to payment tokens, essentially vehicles of exchange? 

## How is crypto taxed in UK Pensions?

If tokens are considered property, depositing them into a pension plan might result in income tax savings. HMRC currently contends that they cannot use [crypto assets](/news/article/crypto-assets-banking) to make a tax-free contribution to a registered pension scheme because they do not qualify as money or currency. 

Will government officials insist that privately produced coins be subject to distinct regulations? If so, CBDC is considered money and eligible for pension plan [tax relief](/news/article/crypto-tax-japan-reforms).

## UK crypto tax - IME exemption 

According to a recent declaration by the British government, the "Investment Manager Exemption" (IME), which covers a substantial chunk of the fund management business, would now encompass coins.   

Since most global funds do not have a location in the United Kingdom, the IME makes it clear to non-resident funds with a UK- based investment manager that they do not have a taxable presence in the UK. 

[Crypto assets](https://themarketperiodical.com/2022/10/01/selecting-your-crypto-slots-site-top-5-factors-to-consider/) are currently not on the Investment Transactions List (ITL), which also assesses who qualifies for the exemption. 
The primary purpose of HM Treasury's policy is to position the United Kingdom as a leading location for digital asset investments and job opportunities.



UK crypto tax regulations

Disney dropped its most iconic [Mickey and Friends NFT collection](https://www.cryptotimes.io/disney-to-drop-its-iconic-mickey-and-friends-nft-collection/) in collaboration with [VeVe](https://www.veve.me/), a digital collectables platform, on January 27 2022.  

The collection includes Mickey Mouse and five other classic cartoon characters, which users can find within five rarity groups: Common, Uncommon, Rare, Ultra Rare, and Secret Rare. Minnie Mouse, Donald Duck, Daisy Duck, Pluto, and Goofy were on the list. 

The previous NFTs were also released via the Veve app and culminated on November 12, where a "special Ultra Rare digital collectable" will also launch. 

The "[Golden Moments" NFT collection](https://medium.com/veve-collectibles/disney-golden-moments-finale-98c238cb776b) is available exclusively on the VeVe app. Users can download from the Google Play Store or the Apple App Store to buy, sell, and trade digital collectables from legendary sculptors like Todd MacFarlane. November 9, 2021.

## About the next Disney NFTs

The [Walt Disney Company](https://thewaltdisneycompany.eu/), founded in 1923 as Disney Brothers Cartoon Studio, is the creator and owner of some of the most beloved intellectual property (IP).

When it comes to entering the space, brands have taken a variety of approaches. While some have carried out their drops, many have collaborated with Web3 native companies, including Disney. 

## Where To buy the next Disney NFT collection

Until now, all the studio's NFTs came through the [NFT marketplace](/news/article/epic-games-nft) VeVe, an app-based marketplace specialising in licensed NFT launches from some of the world's biggest brands.

Disney NFTs, like most collections on the app, sell out quickly on the day they are released. Their secondary market prices are typically orders higher than when they first sell.

The company has technically been involved in NFTs for nearly a year. That's because, in April 2021, the marketplace released an NFT based on the Marvel Comics property "The Rise of Ultraman" Over time, they acquired Marvel. Following that, Marvel and VeVe released several high-profile NFT drops. 

The studio's first fully branded NFTs were made available in November 2021. They were released to commemorate Disney+ Day, which celebrates their subscription streaming service as they launched a collection of "Disney Golden Moments" at the time. 

## How To buy the next Disney NFTs collection

Users can purchase their following collections by registering with the VeVe app. Users will be able to buy any of the existing NFTs and can trade using the platform's currency, Gems. One Gem is equal to one US dollar. Users can also choose the Blind Box option, which means they won't know which card they are buying until they have bought it. 

Users can begin collecting [NFTs](/news/article/ford-new-cars) after they have created their account and purchased some gems. VeVe drops are viral and almost always sell out in minutes. 

As with ETH, investors will also not lose money due to failed transactions. Users can participate in the initial sale to get the best value on VeVe drops.

On the secondary market, investors can also look for good deals on Disney NFTs. While these prices will undoubtedly be higher, most NFT drops on the app are blind boxes. Also, users can choose the same NFT/rarity they want on the secondary market.

## Possibility of next Disney NFT sellout

Finally, the studio company completed the first week of Golden Moments NFT sales by releasing 4,333 statues holding Mickey Mouse's hand. The Ultra Rare range sold for 333 Gems. Given that the lowest price for these rare collectables is now 16,400 gems, it's safe to assume that those lucky buyers were more than happy to get it for that price before it sold out. 

Since then, the company has sold Golden Moments collections for Valentine's Day 2022 and Duos collections on March 19, 2022.



The next Disney NFT drop announced

The "temporary" suspension is due to "irregular behaviour" and a "possible exploit," according to BNB Chain on [Twitter](https://twitter.com/BNBCHAIN/status/1578148078636650496). The team stated that all systems are now isolated, and they are examining the possible vulnerability promptly. It also asserted that all monies are secure. They had also halted all BNB deposits and withdrawals on the exchange due to "maintenance" on the Chain. 

However, Twitter user and DeFi creator "foobar" had a [different take](https://twitter.com/0xfoobar/status/1578140914283065344) on the matter. He said an attacker took 2 million BNB from "someone" on the network, which is worth around $600 million.

## Evidence of Binance hack

Foobar continued by saying that the attacker is dumping money into liquidity pools and using any bridge to go to safer chains. A snapshot from a block explorer showed the suspect had $532 million in crypto scattered over several EVM-compatible chains and L2s, according to the user. These include $421,000,000 on the BNB (79%) and another $53 million on Ethereum (10%).

The address's total assets are $421 million, matching the foobar snapshot. Which is supported by BNB data, which shows precisely 1,020,094 BNB parked at the same spot, valued at $288 million. 

According to the explorer, the address was previously detected as part of the "BSC bridge attack," as [revealed](https://twitter.com/AnciliaInc/status/1578155138857914368) by the Web 3 cybersecurity organisation Ancilia. Tether, the creator of the world's largest stablecoin, has already [blocked](https://twitter.com/0xfoobar/status/1578144109206073344) the account.

## Can funds be recovered from the Binance hack? 

[BNB](/news/article/bnb-chain-security-system) had recently [verified](https://twitter.com/BNBCHAIN/status/1578163230790520832) that about $70 to $80 million in assets vanished from the platform before being suspended. Another $7 million of the escaped monies became blocked due to "the community" and [Binance's](/news/article/binance-bridge) "internal and external security partners." 

The business also acknowledged several organisations for their assistance, including CertiK, Ankr, and Coinbase Cloud.



$600mil Binance hack leads to BSC pause

Next month marks Hugo Boss's [first](https://imaginary-ones_1.prowly.com/209331-hugo-partners-with-imaginary-ones-to-launch-exclusive-nft-collection) NFT collection and encounter with the Metaverse. The fashion company described its entry into the Metaverse as a crucial milestone in "refreshing" the brand internationally. 

The NFT collection is set to debut in early November 2022 to encourage everyone to connect with and own their emotions, whether happy or sad and should embrace them as such. Freedom in expressing emotion can significantly improve mental health and overall well-being in the opinion of their project partner, Imaginary Ones. 

## Hugo Boss NFT collection  

Embrace Your Emotions (EYE) will be the collection's title, featuring 1,001 NTFs with 3D animations. Each will feature one of six different characters—five symbolising joy, sadness, fear, anger, and love, which are all human emotions. A sixth extraordinary character will mix all five emotions to commemorate National Health Day on October 10. 

This evidence-based mental health programme is currently offered to over 85,000 teens in 16 countries, allowing young teens aged 13 to 17 to learn about and explore the issue of mental health.

An allowlist will grant access to the HUGO x Imaginary Ones EYE collection and the ability to purchase the NFTs. Customers who buy a unique "phygital" T-shirt will be assigned 500 of the 1,000 allowlist places available. There will be 500 limited-edition T-shirts with a QR code connecting users to a Snapchat Lens to create a distinctive augmented reality effect. 

From October 4 onwards, the remaining 500 allowlist slots will be granted to existing holders of the Imaginary Ones' [genesis NFT collection](/news/article/meta-facebook-nft) and through various activities on the Imaginary Ones' Twitter and Discord platforms.

## Further rewards for Hugo Boss NFT collection holders

Holders of the EYE [NFT](/news/article/jay-z-cryptopunks-nft) will enjoy a 10% discount valid for ten months at all Hugo Boss outlets globally. Furthermore, all holders will have access to Imaginary Ones' staking ecosystem, which provides holders with a set of HUGO x 10 products, including wearables, experiences, and other content.  








Hugo Boss NFT line and Metaverse experience

## How crypto hack succeeded

Funds went missing from Transit Swap after a hacker exploited [an internal bug](https://www.cnbctv18.com/cryptocurrency/hacker-exploits-platform-bug-to-syphon-23m-from-transit-swap-returns-70-of-loot-a-day-later-14856551.htm) on a swap contract on October 1 2022. The cross-chain DEX (decentralized exchange) aggregator prompted a quick response from the Transit Finance team and security firms Peckshield, SlowMist, Bitrace, and TokenPocket. They were able to work out the hacker's IP, email address, and associated-on chain addresses quickly. 

"We sincerely apologise", said Transit Swap on Twitter. The company said that security firms are tracking the necessary data on-chain, and they will alert customers of any additional notifications as they arise.

Less than 24 hours after the theft,[ Transit Finance](https://swap.transit.finance/) reported that "with the combined efforts of all parties," the hacker had returned 70% of the stolen assets to two addresses, totaling around $16.2 million. 

The hacker appears to have had to hand over the crypto after the Transit Finance team and various security firms obtained data about the perpetrator. 

According to [BscScan ](https://bscscan.com/tx/0x181a7882aac0eab1036eedba25bc95a16e10f61b5df2e99d240a16c334b9b189)and [EtherScan,](https://etherscan.io/tx/0x743e4ee2c478300ac768fdba415eb4a23ae66981c076f9bff946c0bf530be0c7) this crypto came in the form of 3,180 Ether (ETH) valued at $4.2 million, 1,500 Binance-Peg ETH valued at $2 million, and 50,000 BNB valued at $14.2 million.

## Plan for the return of the rest of the monies from the crypto hack 

According to the most recent update, "the project team is scrambling to collect the exact information of users whose crypto [got stolen](/news/article/nomad-crypto-hack) and design a specific return strategy". Still, it focuses on recovering the remaining 30% of stolen monies. 

At the moment, security companies and project teams from all sides are still tracking the hacking issue and communicating with the hacker via email and on-chain techniques. It said the group would continue working tirelessly to retrieve more assets.

#Plan for the return of the rest of the monies from the crypto hack hted](https://slowmist.medium.com/cross-chain-dex-aggregator-transit-swap-hacked-analysis-74ba39c22020) that the [hacker](/news/article/nft-hackers-passports) exploited a vulnerability in Transit Swap's smart contract code, which came directly from the transferFrom() function, which essentially allowed users' tokens to be sent directly to the exploiter's address.


Crypto hacker returns 70% of $23 million to Transit Swap

The network's basic principle is to function as an innovative contract platform that provides users with a one-stop hub for redeploying Ethereum Dapps without the need to configure them specifically for this network—built on the [Kusama](https://guide.kusama.network/docs/learn-staking/) blockchain, which serves as Polkadot's Canary network. 

Even though Kusama uses the same code as Polkadot, the network's capabilities are limitless. Kusama has grown into an independent ecosystem with a fully committed community and teams working on incredible web 3.0 projects.

Existing innovative contract platforms support users and assets on a single, specific chain. Moonriver enables developers to shift existing workloads and logic to smart contracts by extending the scope of applications to new users and assets on other chains by providing cross-chain smart contract functionality.

## How Moonriver staking work?
 
•	Users must have [MetaMask](https://metamask.io/) installed

•	Go to [apps. Moonbeam. network/moonriver](https://apps.moonbeam.network/moonriver)

•	Users should connect their MetaMask wallet and switch their network to Moonriver

•	Navigate to 'Manage Delegations'

•	Choose 'Select a collator.'

•	Select a collator and click stake

•	Ensure there is a minimum bond for each collator

## How to choose a collator for Moonriver staking? 

[Users](https://www.stakingrewards.com/earn/moonriver/) must select a collator with a lower total bond amount to optimise their delegation. By choosing a collator with a lower total bond, their delegation amount represents a greater percentage of the total amount [staked](/news/article/what-is-staking-crypto), resulting in a slightly higher reward. The collator list on the staking app is sorted from top to bottom, with the lowest total amount staked at the top and the highest at the bottom. They should be cautious, however, when delegating to the lowest amounts of total stake because they are most likely to be bumped to the waiting pool.

## Important things to note:

•	The total amount staked to the collator is small. Investors want to maximise their share of the rewards, so selecting a collator with a low total stake is advantageous. 

•	In the active set, it should not be too low. Collators on the verge of leaving the active set face greater risk: if another exceeds their total stake amount and leaves the set, all delegators will cease earning rewards. 

•	Rapid block production. Users want a high-performing collator with a higher chance of producing more blocks because rewards are according to the number of blocks produced each round.

•	Reputable. Users should use their assigned identities if they have one. By searching for them on Discord or elsewhere on the internet. Do they offer network infrastructure on other networks? Is there a track record of providing high-quality and validator services?

## How much can users earn from Moonriver staking? 

Users can earn X% on their $MOVR by experimenting with [lending metrics](/news/article/crypto-lending) and predicting earnings under various network conditions. 

## Are there risks to Moonriver staking?  

On the Moonbeam network, there is no risk of slashing. Since Moonbeam does not slash, users will never lose their original delegation amount. If an investor's chosen collator stops producing blocks, there is no reward for the time they are not producing blocks. Furthermore, there is a two-day unbinding period before users can access and transfer their delegated funds.




How Moonriver staking works

Mark Zuckerberg, the creator and CEO of [Meta](https://about.fb.com/news/2022/05/introducing-digital-collectibles-to-showcase-nfts-instagram/), revealed today that both the Facebook and Instagram platforms would allow users to connect their digital wallets and post-non-fungible tokens (NFTs) on their social media profiles. This development has been in testing since May 2022.

## What’s the reason behind the Instagram and Facebook NFT feature?

This change is expected to improve social media engagement and give NFT producers new earning possibilities. 
The recently revealed NFT capabilities for Facebook and Instagram represent a significant step forward for Meta. 

Meta's goals to continue exploring the possibilities of blockchain technology and Web 3 within its platforms are bolstered by this move. Considering Facebook and Instagram's massive user bases, adding NFTs could result in accelerated growth fuelled by demand from their target market of digital natives.

The capability to share NFTs on Facebook and Instagram will surely raise awareness and interest in NFTs. As the crypto market enters its tenth month of being in a bear market, there is little enthusiasm for non-fungible tokens. However, NFT values are not always affected by what happens in the crypto sector.

Users can now connect to their digital wallets to speed up the process. There are currently few choices for blockchain networks that provide seamless links to Facebook and Instagram. To post NFTs to these social media platforms, users must connect their NFT networks to Meta. 

Users now have access to third-party blockchain wallets such as Trust Wallet, Dapper Wallet, [Coinbase wallet](https://www.coinbase.com/wallet?__cf_chl_f_tk=H8avkp0A61D_fJ1_xuMxOdzBE3s36W2U6ihh2ithcAI-1664524771-0-gaNycGzNCT0), and Metamask wallet for the time being. The procedure supports digital collectables created on the [Polygon](https://polygon.technology/), Ethereum, and Flow networks.

Mark Zuckerberg's team has been hard at work on digital collectables, announcing developments before this recent announcement. The group stated their ambitions to incorporate NFTs on Instagram throughout the year until July when [Meta](/news/article/meta-share-price) launched [NFT](https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq) support in 100 countries. 

Although [NFT capabilities](/news/article/moonboys-nft) are available in over 100 countries on Instagram, the recently launched functionality that allows for cross-posting on both platforms is only available to US users. 

Similarly, the new capabilities will raise awareness and demystify the Web 3 ecosystem for regular social media users, who can navigate among different NFTs the same way they do images.



Meta launch Instagram and Facebook NFT functionality

Kujira is a layer one platform built on Cosmos that uses the $KUJI native token. Since witnessing the devastation caused by [Terra Classic's collapse](/news/article/terra-luna-collapse) at ground zero, the Kujira team has redoubled their efforts, resulting in the launch of a sovereign Cosmos layer one blockchain six weeks later. 

Apps built on Kujira provide an efficient, secure, and risk-free environment to create cost-effective and accessible tools for beginners and advanced crypto traders.

## ORCA link to Kuji coin

Leverage and loans, particularly in crypto, have grown in popularity. ORCA operates in this market. They take loans that exceed a certain percentage, automatically liquidate these positions, and sell them. Those who take part receive a liquidation fee. If you're wondering how Kuji coin played a role in the LUNA, UST, and Anchor mechanics, here's a quick example:

LUNA tanks. Assuming Kai has some LUNA, he mints $100 of bLUNA on Anchor before depositing it. He is eligible to borrow $60, which he can spend however he sees fit. Viraj, a close friend, has $100 in UST, of which he bids 30% on ORCA. Viraj's bid is a result of ORCA. Kai's LUNA is now worth 95 dollars, putting his loan at risk. Kia's bLUNA has now liquidated, and Viraj has received the bLUNA at the premium offered. 

In this case, the Anchor Protocol, as the lender, will recoup the $60 UST loaned to Kai by selling the bLUNA Kai bonded. Viraj now has $95 worth of bLUNA (liquidated from Kai for which he only paid $66.5 (because Viraj bids at a 30% discount on Orca, $95 x 30% = $66.5). In contrast, Kai still has the remaining $33.5 in the ORCA contract in case any other risk liquidation arises. 

As Kuji coin continues to establish itself as a new layer one platform, it must restart the application within ORCA.

## FIN link to Kuji coin

FIN has no inflationary token incentives, which increases capital efficiency, allowing farmers to reinvest their profits elsewhere. Consider Kucoin, but wholly decentralised and on-chain. 

There are no additional fees to incentivise trades because there is no reliance on money to execute them. In short, it's much cheaper, there's a risk of missing a transaction, and there's no room for biased trades bots chosen to execute.

 ## So, what does this mean for protocols? A great deal. 

1) Users no longer require a liquidity pool, which leads to three major points.

2) To keep people in an LP, you don't need to give away millions of printed / inflationary tokens. 

3) Users community will not suffer any temporary loss to support your project. 

4) Users can redirect your protocol-owned liquidity to more productive use. 

5) Last but not least, it disregards the "first in, first out" model. 

## Blue and how it swaps Kuji coin 

[BLUE](https://blue.kujira.app/) powers the Kurjira ecosystem and is a dashboard that allows users to bond and swap $KUJI, vote on governance, connect to the Kujira Network, and claim rewards all in one location.
 
To have a more sustainable and efficient DeFi model and lay the groundwork for decentralised money, Kujira released the stablecoin $USK, an over-collateralised Cosmos stablecoin soft-pegged to the USD and initially backed by $ATOM. They are using maker DAO's trusted, theoretically sound system. Furthermore, as a native Cosmos stable, $USK provides $ATOM with another use case for driving value accrual.

Users can exchange a hard pegged stablecoin for a specified amount of the asset to its fixed value. As can be seen, this is a tried and tested model. It keeps a constant, fixed ratio—a soft pegged stables in value within a range determined by well-designed incentives. When Ethereum dropped from $1400 to $90, for example, $DAI fluctuated between $0.96 and $1.04 per coin, though it was around $1. 

To conclude, Kujira does better at building long-term value and rewarding $KUJI token ownership. They operate with no slippage or impermanent loss and focus on generating actual revenue.

Kujira is currently a decentralised order book [FIN](https://twitter.com/hashtag/FIN?src=hashtag_click) and a liquidation market [ORCA](https://twitter.com/hashtag/ORCA?src=hashtag_click) that provides users with actual, sustainable yield by re-allocating network fees to their users.



Kuji coin - and its three applications

The United Kingdom's interest in [Bitcoin](/news/article/btc-crashes-below-$19k) will grow "very quickly," as fiat currency volatility makes BTC appear to be a stablecoin. That was the conclusion of a strategy adviser at investment firm VanEck, who was one of many this week to [highlight](https://twitter.com/gaborgurbacs/status/1574467136168366094) the cryptocurrencies' appeal over the pound. The GBP weakness comes on the back of UK tax cuts and a 0.5% change in interest rates.

The strength of the US dollar has come at the expense of trading partner currencies, most notably the euro, pound, and Japanese yen. The pound's demise accelerated this week, with GBP/USD reaching a record low of nearly $1.03. The Bank of England has avoided interventions thus far, as nerves are fraying as purchasing power suffers a double blow from currency weakness and inflation at four-year highs. 

At one point, the pound was down nearly 25% yearly in dollar terms. While [TradingView](https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE) data shows that [BTC](/news/article/bitcoin-drop) outperforms it by 56%, the longer the time horizon, the more appealing a BTC hedge becomes.

[According](https://twitter.com/jbutterfill/status/1574750120222023680) to CoinShares head of research James Butterfill, trade volume for the GBP/BTC pair on exchanges Bitstamp and Bitfinex reached a massive $881 million on Sept. 26 — an increase of more than 1,150%. He added, "when a FIAT currency is threatened, investors begin to favour Bitcoin."
 
![Untitled design (21).png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Untitled_design_21_f830b5b06a.png)

## Bitcoin Price UK - G20 realising the need for a BTC hedge

Meanwhile, Gurbacs acknowledged that, while he "might be overly optimistic about the UK," G20 countries could still implement a major policy shift regarding BTC acceptance. "Bitcoin, like gold, could be used as a hedge against their policies. Which is worth a small percentage allocation and support," he added. 

Aside from the pound, data show that the major fiat currencies are suffering more from a rising dollar than emerging market currencies (EMs).

![Untitled design (22).png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Untitled_design_22_572b9c4feb.png)









Bitcoin price and trade volume has increases in UK

[IceDAO](https://icedao.medium.com/announcing-ice-dao-the-coldest-decentralized-reserve-currency-making-your-wealth-grow-securely-1378d4e50659) is a community-driven DAO that uses staking and bonding to introduce novel economic and game-theoretic dynamics into the market. These two mechanisms are critical for developing a sustainable reserve currency while optimising short and long-term wealth creation for token holders.

Their community is backed by a basket of assets such as Magic Internet Money ($MIM) in their treasury, providing it with an intrinsic value that cannot depreciate. 

Their goal is to create a policy-controlled currency system in which the DAO has a high level of control over the token's behaviour. In the long run, this system optimises stability and consistency, allowing it to function as a global unit of account and medium of exchange currency. It intends to optimise the system for growth and wealth creation in the short term.

## How to participate in IceDAO 

Market participants can choose between two strategies: staking and bonding. Stakers lend their tokens in exchange for more tokens, whereas bonders exchange Liquidity Pool (LP) tokens for discounted ICE tokens after a set vesting period. 

Governance participants can collaborate in discussions on our forum and community and [DAO](/news/article/daomaker-guide) discord servers, respectively. 

## How to benefit from IceDAO

The main advantage for stakers is increased supply. The protocol creates new tokens from the treasury, with many of them distributed to stakers. Thus, the gain for investors will come from their auto-compounding balances, though price exposure is still a factor. Stakers would profit if the increase in token balance outpaced the potential drop in price (due to inflation). 

The main advantage for bondholders is price consistency. Bonders commit capital up front and are promised a fixed return at a specific time; that return is in ICE, so the bonder's profit is determined by the price when the bond matures. Bondholders profit from rising or stable prices. Selling also affects the price of the currency, thereby affecting bond income. 
 
 





What is ice dao and why does it exist?

A non-fungible token is a data unit stored on a digital ledger that certifies digital assets to be unique. NFTs represent digital files such as photos, videos, audio, and others.

## Purpose of LFG coin

[Gamerse](https://www.gamerse.com/about/) is the LFG ("Looking for Group") platform for the whole [NFT](https://cryptototem.com/gamerse-lfg/#:~:text=Last%20updated%3A%20Nov%2030%2C%202021,the%20fragmented%20NFT%20gaming%20ecosystem.) gaming industry. Gamerse, as a social platform, brings together gamers in a single, fun community that is constantly adapting to the latest and most viral trends. Gamerse's mission is to unify the fragmented blockchain gaming space by developing a community-driven social ecosystem, and their partnership with Warp brings them one step closer!

## LFG coin collaboration with Warp

While most cryptocurrency projects aim for the moon, [Warp](https://gamerse.medium.com/gamerse-announces-partnership-with-warp-a3e5e50c5909) aims for another Galaxy! Warp players can battle each other from any connected blockchain, race their NFT starships, play arcade-style mini-games, and much more! Users can earn the $WARP token through gameplay, wagering, and their upcoming [GameFi](/news/article/what-is-gamefi)/DeFi portal, which will power the Warp ecosystem. 

Some of the Warp project's features include:

•               Starships that earn captains' FREE money

•               Single Token with deflationary measures

•               GASLESS Transactions

•                Interactive Map to enhance the gaming experience

•                New interactive game 

•                Chain Agnostic Multiplayer

## LFG coin partners with WarQube

Gamerse's collaboration with [WarQube](https://gamerse.medium.com/gamerse-is-thrilled-to-announce-our-collaboration-with-warqube-6b1f0107aa8e) is another partnership to create a community-driven social ecosystem. WarQube is a cooperative 3D video game that combines Tower Defense, Isometric Shooter, and MOBA elements. The game takes place on the planet Cyrinx, which was once home to a powerful ancient civilisation but is now an alien battlefield. WarQube ensures everyone enjoys without time constraints or financial contributions and earns NFT and token rewards by playing the game!

## What can you anticipate from WarQube? 

•         Free to Play-to-Earn: no time limits or monetary contributions required. 

•         The gameplay perfectly blends PvE, PvP, and Raid modes, creating a one-of-a-kind gaming experience. 

•         Earn NFTs while playing to get character skins, pets, private room interior items, avatars, and energy cubes. 

•         The WarQube NFT mint event will begin soon, so players should not miss out on the opportunity to join the next-generation blockchain game. 
          
## LFG Coin features

LFG is a term commonly used in gaming-related chat forums and other online communities to indicate that a user or subscriber is looking to join an already established group. LFG tokens will be available for purchase on decentralised exchanges like Uniswap and Sushiswap, as well as for announcing centralised exchanges. The LFG token will be available in early October. 

Users can also follow their telegram announcements channel to stay updated on Gamerse.

The Gamerse aggregation protocol collects and displays gaming NFTs from various popular marketplaces on the Gamerse marketplace. This protocol will aid in consolidating the fragmented NFT gaming space into a single social platform. 

Gamerse is developing the first-ever NFT Gaming Social Ecosystem, allowing players to discover popular NFT games in a single social marketplace. Users can join groups, trade, and connect with other NFT gamers who play the same game or games.

Nobody knows which game will be their favourite in a year, but Gamerse ensures that their community will always have a place. On Gamerse, you can make new friends, organise parties, and connect with other gamers. 

Gamerse will gradually integrate with more and more blockchains. Ethereum, Polygon, Solana, and Binance Smart Chain are the first blockchains they intend to target. Gamerse will collaborate with other gaming studios and companies to bring new and exciting NFT games/metaverses to our community.

## LFG Coin live price/purchase

Gamerse's [current price](https://coinmarketcap.com/currencies/gamerse/) is $0.000203, with a 24-hour trading volume of $15,971.12. Gamerse has increased by 0.33% in the last 24 hours. 

CoinMarketCap currently ranks #2322, with a live market cap of $38,534.78 USD. There are 189,811,891 LFG coins in circulation, with a maximum supply of 1,000,000,000.

To buy Gamerse on most cryptocurrency exchanges, you must first have Bitcoin (BTC) or Ethereum (ETH) to trade. If users use their bank account to fund their accounts, the purchased cryptocurrency will be unavailable for trading for 4 to 5 business days. Granted, users will have locked in their purchase price at the time of acquisition, but they cannot use their purchase to begin purchasing Gamerse immediately.  


LFG coin aims to create social ecosystem

The current price of Sanshu Inu is $0.000000000047, with a 24-hour trading volume of $9,687.84. It has a total quantity of 100 Quadrillion coins and a circulating supply of 0. In the previous 24 hours, the price has increased by 0.2%.

The [coin](https://www.express.co.uk/finance/city/1454590/Shiba-Inu-rival-what-is-sanshu-inu-coin-beat-shib-price-prediction-evg) is comparable to the cryptocurrency Hoge because both use a deflationary token concept. Sanshu and [Hoge](/news/article/hoge-coin-price-prediction) have a 1% burn rate, which means that 1% of all transactions are destroyed. There is also a 1% auto staking rate, which implies that 1% of the trade is shared among holders. 

The concept behind a deflationary token is that its supply will decrease over time as more of it burns. Prices will rise as supply decreases, as per basic economics. Deflationary tokens should grow increasingly valuable over time.

The major challenge for these coins is survival, or if they will fade into obscurity. 

Investor Place expects the token to increase with other dog-based cryptos such as Shiba, Jindo, and Alaska Inu. [Sanshu Inu](https://www.sanshuinufinance.com/) is a reasonably small coin compared to many different cryptos, says Investor Place; this implies that, although new to the market, it is not very distinctive. 

However, investors drawn to the growth potential of such cryptocurrency alternatives have continued to flood into these stocks in recent months."

## Predictions for Sanshu Inu coin

There aren't many expectations for Sanshu, though, with Digital Coin Price predicting a 300 per cent increase by 2028. 

The Sanshu Inu Coin was one of the top trending cryptocurrencies in mid-June. There may be some long-term advantages to investing, but the currency is unlikely to reach the cent threshold anytime soon, so SHIB investors should relax for the time being. 

However, considering the market's recent performance and the rising interest in alt meme-based currencies, things might change rapidly, as they did for Doge and SHIB. 

Furthermore, according to FX Street, which tracks stock and crypto asset movements, SHI has lately seen a significant drop since it has failed to capitalise on any new enthusiasm or hype.


What is the future of the Sanshu Inu Coin?

## Comments about theft from Wintermute CEO

According to a series of [tweets](https://twitter.com/EvgenyGaevoy/status/1572134271011225601) by Wintermute's founder and CEO, Evgeny Gaevoy, the attack allegedly targeted the company's decentralised financing (DeFi) operations. Gaevoy promised clients that the company is still "solvent with twice over" the $160 million taken in the residual stock.

As per blockchain research firm Elliptic, these services are "uniquely vulnerable to hacking" due to their open source code, vast pools of assets, and fast growth, which may have resulted in a gap in security best practices in some circumstances.

## Details of Wintermute scam

A cryptocurrency wallet address labelled as belonging to the Wintermute exploiter on blockchain explorer platform Etherscan revealed a series of transactions earlier on Tuesday, [one of which](https://etherscan.io/tx/0xd7bf7b67e0d0095b7eb1813a4a60c129b45694374bf996f9ecc249d07efbcd02) involved transferring 112 million native tokens of Curve's 3pool, a platform for swapping stablecoins, from a null address to the hacker.

The token exchange consisted of $114.4 million USDT, $61.4 million USDC, and $23.6 million DAI.

Based on research released last month by blockchain monitoring firm Chainalysis, a startling $1.9 billion in bitcoin was stolen in hacks of various platforms in the first seven months of 2022, a 60% rise from the same time the previous year. 

Some of the most [significant crypto breaches](https://www.cnn.com/2022/08/16/tech/crypto-hack-rise-2022?cid=external-feeds_iluminar_msn) this year have occurred on DeFi protocols, including a $625 million attack in March on a gaming-focused blockchain network that powers the popular video game [Axie Infinity](/news/article/axie-infinity-price). Some of these thefts, notably the Axie affair, have now been [linked](https://www.cnn.com/2022/04/14/politics/fbi-north-korea-hackers-crypto/index.html?cid=external-feeds_iluminar_msn) to North Korean hackers.

## Will Wintermute be able to pay lenders?

Wintermute, which Gaevoy started in 2017, is a "leading" digital asset market maker. It has offered liquidity on over 50 different exchanges and cryptocurrency platforms. The company informed users that service disruptions might occur over the following few days.

Wintermute is the [highest borrower](https://app.clearpool.finance/pool/0xCb288b6d30738db7E3998159d192615769794B5b?market=mainnet) on the DeFi liquidity marketplace Clearpool, with $22.2 million in USDC outstanding. According to Andrew Thurman, content lead at Nansen, it also has a $92.1 million USDT [loan](https://app.truefi.io/borrowers/0xA1614eC01d13E04522ED0b085C7a178ED9E99bc9) with TrueFi. According to the platform's website, the TrueFi loan will mature on October 15.

Gaevoy concluded his tweet by stating that Wintermute is solvent but issued lenders that they can also recall their loans if they wish. 




Wintermute victim of $160 million scam


Tim added that while epic didn't want to employ [NFTs](/news/article/ford-new-cars) or Web3 technology, it would allow other producers to do so as far as they followed laws and market rules. 

The Epic Games Store will accept games that employ blockchain technology if they comply with applicable laws, publish their conditions, and are age-rated by an approved group," he tweeted. While Epic does not use cryptocurrency in its games, we welcome technological and financial innovation, he concluded. 

## Epic games NFT market entry

Epic Games has been one of the market's few large conventional game developers and publishers to express a strong interest in NFTs. 

While it has most likely hedged its bets and will follow others into the market - and not be the first, but certainly not the last - there has been some progress this week as they have placed their first-ever NFT game, 'Blankos Block Party,' on the Epic Games Store. 

## Epic games NFT - Blankos 

[Blankos Block Party](https://blankos.com/) was released as an open beta about two years ago by gaming company Mythical. Mythical has claimed that over one million players participated in the title. Blankos Block Party was uploaded to the Store today, making it the first Web3 or NFT-based title to appear on the marketplace.

We discussed Mythical's concept for Blankos and Web3 gaming in 2018 when the business raised $16 million in funding. 

The game combines a Roblox-like appearance with the appeal of a vinyl toy culture most aesthetically akin to real life through companies like Medicom's BE@RBRICKs, Funko Pop, and others. NFTs are not necessary to play the game but provide gamers with personalisation boosts similar to popular titles like [Fortnite](https://www.epicgames.com/fortnite/en-US/home) or CS: GO. 

Blankos Block Party was in open beta by 2020. In the last couple of years, there has been a rush of new collaborations, including artist partners like [Deadmau5](https://deadmau5.com/) and brand partners like Burberry.

The hosting of Blankos is undoubtedly the most incredible story of the year for Mythical and possibly one of the biggest stories of the year for Web3 gaming.


Epic games NFT launch unveiled

According to Wendy Xiao Schadeck, a partner at Northzone, Web3 and web2 will most certainly begin to merge over the lifespan of this fund cycle, she stated in an interview with The Block.

## Crypto VC infrastructure

According to Xiao Schadeck, the venture capital company has the infrastructure to help entrepreneurs through equity investments. As well as token sales and has already participated in [token staking](https://www.theblock.co/post/169381/uk-venture-firm-northzone-eyes-web3-startups-with-new-e1-billion-fund?utm_source=telegram1&utm_medium=social). 

Furthermore, she hinted that, given the appropriate conditions, it might prepare the corporation to invest in a decentralised autonomous organisations [(DAO)](/news/article/nrch-crypto-explained).

Northzone, does not currently have exposure to NFTs, which Schadeck believes may change soon. Schadeck stated that the corporation is examining new investment modalities that align with its goals.
Shadeck also stated that, despite some of the challenges DeFi has faced, she is not discouraged, citing the de-pegging of Terra's UST in May, which hurt portfolio firm Gro, causing it to reconsider its approach to providing yield for customers.

Northzone, on the other hand, will keep a watch on the web3 infrastructure market and DeFi protocols such as Gro, according to Xiao Shadeck.

Northzone was created in 1996 as a generalist investor and has funded a wide range of technology startups, from open banking specialist TrueLayer and buy now pay later juggernaut Klarna to music streaming provider Spotify, who is said to be considering web3.

## Crypto VC fund possibility

Its portfolio firms are DeFi protocol Gro, web3 privacy company Sunscreen, and a startup crypto infrastructure, Magic Labs. Shadeck also told reporters that it is unknown whether Northzone would establish a cryptocurrency fund, as other European venture capital companies such as Aglaé Ventures and Cherry Ventures have done. She claimed that such a strategy would allow the company to engage in trading liquid tokens.

Venture Capital investing is speculative as an asset class and a crypto VC firm focused on innovation may be even higher risk. However, this of course comes with a higher reward.



Crypto VC firm invests in Web3 startups

[HUH](https://www.huh.social/) has been a pioneer in sending the token and BNB directly into holders' wallets. The network intends to become the world's leading "UTIMEME" cryptocurrency, combining the power of "meme" tokens with the usefulness of "utility" tokens. It seeks to develop a one-of-a-kind source of income for individuals that is open to anyone.

MetHUH is a social network where users can watch and protect their data security using a cryptocurrency technique. The [purpose](https://whitepaper.huh.social/huh-core/introduction) is to establish a decentralised Metaverse in which everyone benefits from the data they generate through a unique referral mechanism integrated into the smart contract, which fosters the generation of money for all MetHUH token holders. To earn money, anybody may produce and distribute a referral code. 

Users may also earn currencies straight into their wallets through the referral networks, which use BNB for each referral. The system has created a new protocol for making incentives using [blockchain technology](/news/category/blockchain-news).

HUH is the platform's native token. The token uses a fair redistribution scheme, which implies that more excellent token purchases result in more significant rewards. The greater the number of recommendations made, the greater the rewards. The multi-chain protocol adapter is available on the Binance Smart Chain and Ethereum networks.

## HUH token price prediction

In the past week, the price has declined by 17.61%. In the previous 24 hours, it climbed by 0.18%. It has risen by 0.85% in the last hour. The current price per HUH is $0.000002. 

Furthermore, it is now 89.04% lower than its all-time high of $0.000014. The current circulating supply is 0.

According to DigitalCoinPrice, the coin might be valued at $0.000037 in 2022 before climbing to $0.0000438 in 2023. According to the website, the projection for 2025 is $0.0000563. Since its issuance in December 2021, the coin has declined. The coin's declining trend undoubtedly suggests, if not that the currency is suspect, that investors are losing faith. The diluted market cap of the coin is $23.12 million. According to Coin Market Cap, the current circulating supply of HUH coins is unknown, with a maximum supply of 888 billion.



What will the HUH token price be in the future?

## What is ADAX?

[ADAX is an automated liquidity protocol](https://adax.pro/) that facilitates trades within the Cardano ecosystem in a completely decentralised and non-custodial way.

According to the [whitepaper](https://adax.pro/static/Adax_PRO_Whitepaper.pdf), the protocol believes adjusting to developments in the fast-paced world of crypto is critical. As a result, ADAX's growth has had to accelerate to coincide with the introduction of new Cardano functionality. 

The protocol does not have an order book. They provide users with complete freedom to trade without fear of censorship or losing control of their assets. Due to their participation in a centralised exchange, users have total ownership over their tokens and are not obligated to give up their private keys to register their orders. 
 
The Cardano ERC20 converter is a utility meant to help token issuers and consumers move their ERC20 tokens to the Cardano network. Furthermore, Cardano supports two-way convertibility, so if the user desires to do so later, they may do so by burning their tokens on Cardano. 

They expect [Cardano](/news/article/cardano's-method) to become the next cryptocurrency standard-setter. Traders recognise the network's ability to threaten the crypto world's inherent status quo of monopolistic and bureaucratic power structures.

When Cardano smart contracts debuted in 2021 Q3, ADAX simplified token exchanges, staking, assuring market liquidity, and allowing users to utilise the network's capabilities fully. The protocol is lightweight and quick, with a decentralised pricing mechanism that smoothes out order book depth. It also has staff with a proven track record of success in numerous cryptocurrency businesses. 

## ADAX price forecast

The ADAX price has declined by 11.67% in the last seven days. In the previous 24 hours, the price grew by 3.19%. The price dropped by 1.74% in the last hour. It is now 98.15% below its all-time high of $2.41. The current price is $0.044502 per ADAX. Its current circulating supply is zero.

By 2022, the ADAX price might reach a high of $0.17. If the market falls, it would likely correct somewhat. The autonomy of the digital economy makes it perfect. As DAPPs and stable currencies become increasingly popular, the network will give competitive programmable payment, logistics, and storage alternatives. The average ADAX price might grow to $4.97 by 2031. The year might conclude with a high price of $5.59 and a low price of $4.81.


Adax explained and price prediction 

## Ford's new car NFTs application

Ford Motor Company has filed 19 trademark applications across its key automotive brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, in preparation for its debut into the world of non-fungible tokens (NFTs) and the Metaverse. The trademark applications encompass virtual automobiles, trucks, vans, SUVs, branded clothes, and a projected online marketplace for NFT, coming a month after the corporation announced significant worker cuts.

According to [USPTO](https://tsdr.uspto.gov/) documents submitted by Ford on September 2, the automaker intends to offer downloadable artwork, text, music, and video displaying its vehicles, SUVs, trucks, and vans, which NFTs will authenticate. 

The firm also unveiled ideas for "downloadable virtual products," or "computer programmes" with auto components and accessories and clothes for usage in "online virtual environments," such as virtual reality. Its augmented reality trade exhibits and an online marketplace showcase other people's digital artwork and online retail shop services using [non-fungible tokens](/news/article/invesco-metaverse-fund) (NFTs) and digital collectables.

## Ford's new car application follows other car companies' move into the space

Ford is not the first to enter the Metaverse. Car manufacturers such as Nissan, Toyota, and Hyundai have declared aspirations to join the rapidly expanding Metaverse market. On the other hand, luxury automakers like Bentley and Lamborghini have already launched NFT collections. 

Hyundai, a South Korean carmaker, had already [submitted many](https://kryptomoney.com/ford-enters-metaverse-and-nfts-lodges-19-crypto-related-trademark-applications/) trademark applications concerning the Metaverse and non-fungible tokens. They have filed for Sports equipment, headgear, footwear, and eyeglasses. Mercedes-Benz, Hyundai, Lamborghini, Bentley, and other major car manufacturers have launched NFT collections. In August, W Motors, a premium hyper-car manufacturer, entered the Metaverse area.

Earlier this week, Renault Korea, the French automaker's South Korean division, and The Sandbox, a popular Metaverse platform, introduced virtual automobile experiences. Meanwhile, Alfa Romeo equipped its vehicles with NFTs to keep maintenance records. 

Some NFT enthusiasts have spent more on virtual cars than real ones, according to a recent [Vanarama](https://www.vanarama.com/blog/cars/revealed-the-most-expensive-car-related-nfts) study piece. 


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