[Polygon Matic ](https://polygon.technology/)is a set of protocols specifically designed to address the scalability challenges faced by the Ethereum network. 

With the Ethereum-compatible blockchain, Polygon network transactions are processed independently. This approach effectively reduces the network load on Ethereum, resulting in accelerated transaction speeds and significantly lower transaction costs, sometimes even less than a cent. 

Formerly known as the Matic network, Polygon is a user-friendly framework that enables new and existing blockchain projects to operate on the Ethereum platform without encountering scalability issues. Users can seamlessly interact with decentralised applications (DApps) through Polygon without concern about network congestion. 

## How does it function? 

Polygon, the scaling solution, can handle up to 65,000 transactions per second at comparatively lower costs to users, a substantial improvement compared to Ethereum's limit of roughly 17 transactions per second. Polygon processes transactions independently from the Ethereum main chain by utilising side chains. 

Ethereum transactions come with an average fee of around $15, while Polygon can process transactions for just a few pennies. This substantial difference in fees makes Polygon an attractive option for users seeking cost-effective solutions. 

Polygon's diverse suite of protocols includes the zero-knowledge (zk) proof variety. Zero-knowledge proofs are cryptographic primitives used to verify the validity of a statement without revealing any additional information. This flexibility empowers users to select the most suitable scaling option from a range of choices provided by Polygon Matic. 

Several integration options available on Polygon are particularly popular among project teams. These include plasma sidechains, a Proof-of-Stake (PoS) blockchain bridge, zk rollups, and optimistic rollups. Initially, Polygon started with plasma sidechains, lighter and more secure sidechains running parallel to the Ethereum main chain. These sidechains facilitate secure asset transfers between themselves and the main Ethereum blockchain. 

Polygon introduced a blockchain bridge to its product lineup to meet the increasing demand from developers. This bridge operates on a PoS mechanism, enabling developers to create DApps on one platform without sacrificing the benefits provided by other platforms. 

Polygon Matic reduces the burden on Ethereum's main chain by processing batches of transactions on its own Proof-of-Stake blockchain. This approach makes Ethereum faster and more lightweight by offloading transaction processing to Polygon. 

zk rollups tackle scalability by processing bundles of transactions off-chain and generating validity proofs. These proofs are then sent to the main Ethereum blockchain as proxies for the respective data bundles. This strategy reduces the data load on the main chain, leading to faster validation of transaction blocks and lower gas fees. 

Optimistic rollups employ a different proof system known as fraud-proof. If a fraudulent transaction is identified, a fraud-proof protocol is activated, ensuring that the correct transaction is determined based on the data available on the main blockchain. Stakeholders who update transactional data on the system must stake ETH, which acts as a deterrent for submitting fraudulent transactions through optimistic rollups. 

## Polygon token (MATIC) 

The [MATIC](/news/article/polygon-announce-hard-fork) token serves as the foundational asset within the Polygon system. It plays a dual role in facilitating transaction payments and safeguarding the integrity of the Polygon Matic network by storing tokens. Following its rebrand, the MATIC token has experienced a significant surge in value due to a substantial increase in its utilisation. 

With a supply of 10 billion tokens, the MATIC token currently has a circulating supply of approximately 5 billion. This token can be easily accessed and traded on prominent, decentralised and centralised exchanges, including popular platforms such as Binance, 1inch Exchange, and Coinbase Pro. 

According to CoinGecko, the current market capitalisation of the token stands at an impressive $5,866,490,572 at the time of writing. As for its value, the token is currently valued at approximately $0.63. 

## MATIC token use case 

$MATIC serves a crucial role in enhancing the security of the system and establishing a robust governance system on the platform. This governance system empowers token holders to participate in decision-making processes regarding implementing new features. 

By leveraging this system, token holders can exercise their voting rights to determine the direction and future of the platform. 

The token also enables users to make payments through crypto using DApps and pay transaction fees on the network. 

## Bottom line 

Polygon [Matic](/news/article/what-is-matic-all-about), the layer 2 blockchain, is a scaling solution aiming to improve the speed and lower the additional high transactional fees charged on the Ethereum blockchain. It has recently forged numerous partnerships to expand its user base, collaborating with renowned entities such as DraftKings, Starbucks, Adobe, Adidas, Prada, Disney, Meta, Stripe, and Reddit. 

Through these strategic partnerships, the network aims to broaden its user base and foster the adoption of NFTs across various industries, showcasing the versatility and potential of blockchain technology. 

A comprehensive guide to Polygon Matic network 

With the current surge in the popularity of cryptocurrencies, managing a diverse crypto portfolio has become increasingly challenging for investors. However, crypto portfolio trackers such as CoinStats offer a solution. 

It provides a user-friendly platform that simplifies monitoring various cryptocurrencies available in the market. This tool particularly benefits investors primarily focusing on Ethereum and DeFi sectors. 

Unlike other prominent crypto portfolio trackers, the platform lets users seamlessly sync their MetaMask, Ledger, or other Ethereum-compatible wallets directly with the portfolio tracker. This integration feature allows users to conveniently keep track of all their investments within the Ethereum ecosystem from a single centralised platform. 

## How to get started with CoinStats 

To begin using [CoinStats](https://coinstats.app/), the first step is registering for an account. Upon registration, there is an option to choose the free plan, which provides numerous complimentary features. However, it offers two premium plans for optimal platform utilisation: CoinStats Pro and CoinStats Premium. 

The Pro plan is priced at $3.49 per month, enabling users to connect effortlessly to ten cryptocurrency exchanges and ten distinct crypto wallets. Additionally, users are granted the ability to track up to 1,000 transactions each month. It also offers valuable insights such as proprietary reviews and analysis, empowering users with comprehensive information. 

For more advanced features, users can choose the Premium plan that offers unlimited connectivity to various exchanges and wallets, eliminating any restrictions. With the Premium feature, users can monitor up to 100,000 monthly transactions. In addition to market insights, subscribers benefit from the assistance of personal account managers, who provide valuable guidance and support in managing their crypto portfolios. 

The platform also provides Android and iOS apps, ensuring accessibility via mobile devices. Users can track their crypto portfolio via just one tap on the go. 

Once users have successfully created an account and synchronised it with crypto wallets and exchanges, they can gain access to various tools. These include transaction analytics, facilitating detailed analysis of crypto transactions, fast trading capabilities, and instant notifications. Additionally, CoinStats keeps its users updated with the latest news, a valuable resource for traders seeking insights into market movements. 

Furthermore, the platform offers its crypto wallet, the CoinStats Wallets. This dedicated wallet enables users to leverage numerous decentralised finance (DeFi) features, including staking. 

## Exchange supported 

The platform offers support for a smaller range of crypto exchanges when compared to its competitors, such as [Blockfolio](https://www.cryptovantage.com/best-crypto-portfolio-trackers/blockfolio-review/). It currently supports Binance, Bitfinex, BitMax, BitMEX, [Bitso](/news/article/what-is-bitso), Bitstamp, Bittrex, CEX.io, Coinbase, FTX (with native support), Gemini, HitBTC, [Huobi](/news/article/huobi-global-explained), IDEX, Liquid, Kraken, Kucoin, and Poloniex. 

## Bottom line 

CoinStats has established a strong reputation within the Ethereum ecosystem, positioning itself as one of the top choices for[ crypto investors](/news/article/crypto-investing-for-beginners-uk) interested in ERC-20 tokens. 

The platform distinguishes itself by significantly emphasising the Ethereum ecosystem, unlike many competitors, who adopt a more generalised approach. 

It allows users to seamlessly integrate any Ethereum wallet into their account, enabling them to engage in trading or investment activities involving various ERC-20 tokens. 

Furthermore, it allows any crypto trading, specifically if it touches on Ethereum or Ethereum-based DApps. In addition, it provides market insights and analysis, allowing users to make better informed investment decisions within the crypto space. 

Coinstats logo on yellow image of person counting money

CoinStats - The Crypto Portfolio Tracker

[Cryptohopper](https://www.cryptohopper.com/) is a versatile automated cryptocurrency trading bot that streamlines the management of all exchange accounts in one centralised location. 

This bot has various functions, including copying traders, market-making, exchange/market arbitrage, and the ability to simulate or backtest trading strategies. With Cryptohopper, investors can expect rapid automated investing and efficient portfolio management for more than 100 cryptocurrencies, including Bitcoin, [Ethereum](/news/article/ethereum-mining-operation), and Litecoin, on the world's leading crypto exchanges. 

## Features of Cryptohopper 

It offers a range of features for cryptocurrency traders: 

Portfolio Management: Connect and manage all your exchange accounts in one place using the free terminal. 

Trailing features: Automatically buy or sell based on price movements, with options for trailing stop-loss and take-profit orders. 

Trading Bots: Choose from pre-built strategies or create your own, and use AI to automate your trades. 

Pro Tools: Access advanced tools like dollar-cost averaging (DCA), market-making, and arbitrage, as well as free charting software. 

## Take your crypto investing a step ahead with Cryptohopper 

Trading Options: This bot offers a variety of trading options to its users, including long and short positions, limit and market orders, and stop loss orders, among others. This allows traders to customise their strategies to their risk tolerance and market outlook. 

Automated Trading: With this bot, users can automate [trading strategies ](/news/article/trading-212-guide)to allow them to take advantage of market opportunities 24/7. The platform offers a range of customizable bots tailored to different market conditions and user preferences. 

Copy Trading: For users who prefer to follow the trades of more experienced traders, Cryptohopper's copy trading feature allows them to do just that. Users can browse and select from various successful traders to copy and adjust their settings to match their risk and investment goals. 

Strategies: It also offers a range of pre-built strategies that users can utilise or customise to suit their needs. These include strategies based on technical indicators, market trends, and other factors. 

Pro Tools: It provides pro tools for advanced traders, including market-making, arbitrage, and dollar-cost averaging (DCA) tools. These tools can help traders to optimise their trades and minimise risks. 

Positions: [Cryptohopper](https://www.crunchbase.com/organization/cryptohopper) lets users view and manage their positions in real-time, including open orders, trades, and portfolios. Users can also track their performance and adjust their strategies as needed. 

Trading Features: Besides the above, it also offers a range of other features, such as backtesting tools, trailing stop-loss orders, and order execution notifications. These features help users stay on the market and make informed decisions. 

## How does Cryptohopper work? 

Cryptohopper functions by automatically executing trades on a linked trading account. 

To link an exchange account to your Cryptohopper account, you'll need to enter the API key, which can be found in the exchange account settings. Although the linking process may vary between exchanges, Cryptohopper offers comprehensive tutorials on linking accounts to various exchanges. 

Once your exchange account is connected to the Cryptohopper bot, it will perform trades based on the applied settings. The bot will conduct technical analysis based on market conditions and then buy or sell your cryptocurrencies according to the pre-set trading strategies. 

One of the advantages of using Cryptohopper is that it is supported on most major exchanges, making it a versatile tool for traders. Additionally, it is easy to set up and use, which is particularly beneficial for novice traders who may need more support with complex trading platforms. It also provides users with good tutorial resources, which can help simplify the platform's process. 

cryptohopper logo on blue image of crypto mining cart full of cryptourrencies

Cryptohopper: Automated crypto trading bot 

[Trader Joe XYZ](https://traderjoexyz.com/avalanche), a decentralised exchange (DEX) functioning on Avalanche, has [unveiled](https://medium.com/avalancheavax/trader-joe-presents-liquidity-book-a-new-amm-design-for-defi-39abf87e0d7f) a new automated market maker (AMM) design called Liquidity Book. 

This innovative design aims to enhance capital efficiency, decrease slippage, and reduce the effects of impermanent loss. 

According to Trader Joe XYZ, the existing trading algorithm of the DEX operates on the widely-used x*y=k automated market maker (AMM) formula. The exchange has attracted thousands of daily active users and facilitated trading worth over $88 billion since its launch in July 2021. 

## What makes the Liquidity Book unique? 

It offers a unique approach to stacking liquidity in pools. Liquidity providers (LPs) can deposit into specific price bins, with each bin assigned a special price. 

LPs can provide liquefied assets to multiple bins and receive fungible token receipts for all assets deposited. This sets Liquidity Book apart from other solutions that lack non-fungible token receipts. 

LPs can earn higher fees while minimising capital risk by providing liquefied assets through the Liquidity Book. This benefit also extends to traders, who can access better prices and reduce slippage on[ trades](/news/article/crypto-trader-2022) due to increased efficiency. Unlike traditional AMMs, where assets are spread evenly across all price ranges, users can provide liquefied assets at specific prices, resulting in fewer idle assets and significant efficiency improvements up to 20,000 times higher. 

The discrete bin architecture also allows for issuing NFT receipts, which can be integrated with other [DeFi](/news/article/defi-llama-decentralised-analytics-dashboard) protocols and products. The more composable the design, the greater the potential for growth in DeFi. 

## Zero slippage swaps 

The fresh AMM design employs a structure combining individual bins to form a liquidity Pool, aggregating liquified assets from all the bins. 

Unlike existing AMM designs that utilise a constant product formula, the bins in this AMM act as constant sum pools with their reserves. This approach prevents traders from overpaying for fewer tokens, as often with pool reserve price calculations. 

It uses an active bin to determine the price, which remains constant within that particular bin. Thus, there is zero slippage if the trade is executed using reserves from the active bin. However, a change in the bin occurs when reserves in the active bin are insufficient to fulfil the trade, resulting in a price impact. This feature is especially useful for swaps involving stablecoins and other pegged assets, whose prices are expected to be equal most of the time. Although the AMM model has undergone significant advancements, noteworthy drawbacks and challenges still require solutions and improvements. 

Liquidity Book aims to provide traders with more efficient trades, offering asset providers increased efficiency, protection against impermanent loss, and maximum composability of their liquidity. 

trader joe xyz logo on blue image of stocks

Trader Joe XYZ launches new AMM Liquidity Book 

[Astar crypto](https://astar.network/), the most comprehensive smart contract platform in the Polkadot ecosystem, can handle WASM and EVM. It has a parachain slot that provides direct access to the Polkadot ecosystem. It also has connections with other significant ecosystems such as Ethereum, BSC, Cosmos, Polygon, and others. 

Astar has a program called #Build2Earn that gives DApp developers a basic income via inflation and directly funds projects through the Astar Incubation Program. This company has secured [$24.4 million in funding](https://www.crunchbase.com/organization/plasm-network) through two funding rounds, with contributions from 16 investors. Among the recent investors are Keisuke Honda and GSR. 

## Astar crypto tokenomics and ecosystem 

The tokenomics model of Astar crypto centres on aiding developers through DApp staking. ASTR token, the Astar crypto, has several functions, including serving as a means of payment for transaction fees, staking DApps, and receiving rewards for both DApp staking and collator rewards. 

There are four key roles you can play on this network: 

Developer: Build DApps or infrastructure on the blockchain. 

Collator: Where you run a node to support the blockchain. 

Staker: Stake $ASTR, the Astra crypto, to earn rewards. 

User: Join the Web3 movement and use Astar crypto tokens. 

## DApp staking on Astar Network 

The core team has developed a unique concept known as DApp Staking, which is exclusively available on Astar within the Polkadot ecosystem. It aims to become Polkadot's primary hub for decentralised applications (DApps). It has prepared incentives for DApp developers who build their smart contracts on the network. 

The DApp Staking mechanism is both simple and effective. 

Astar Network's innovative approach enables Astar crypto token holders to express their support for their preferred DApps by staking the [tokens](/news/article/tokenized-real-estate). 

This contributes to the ecosystem's growth and allows them to earn Astar crypto tokens through block rewards. Moreover, DApp developers can receive rewards based on the amount staked on their applications. 

Astar Network is committed to sustainability and decentralisation. It allows developers to earn tokens by creating smart contracts or infrastructure for the network community. This makes it a robust and [decentralised](/news/article/dns-servers) grant mechanism. 

## Why should you choose Astar to build? 

The reason for choosing Astar as a platform for developing DApps is its high flexibility and interoperability within the Polkadot ecosystem. 

It supports both WASM and EVM and hybrid Cross-VM dApps that can interoperate with one another. The platform provides direct access to the Polkadot ecosystem via its parachain slot. Its asset bridges and general message-passing protocols offer routes to other significant blockchains, including Ethereum, BSC, Cosmos, and Polygon. 

Furthermore, the innovative DApp staking program allows developers to earn a basic income as they work on building their products and communities. In collaboration with the community, the Foundation may also provide direct funding to projects through various ecosystem incubation initiatives like #MVP2Earn. 

## Substrate framework 

Astar is constructed using Substrate, a framework that enables developers to easily create customised blockchain solutions using Rust programming language. 

Substrate's modular structure makes it easy to choose and use only the necessary components for supporting networks and DApps, such as smart contracts, consensus, and storage, while reducing the focus on low-level implementation details. 

The advantages of using Substrate for building blockchain networks include several features such as forkless upgrades, cross-language compatibility through WebAssembly, deterministic finality that is light client-friendly, and smooth integration with other blockchains. 

For blockchain networks that aim to interface with the Polkadot network without intermediaries directly, the Substrate framework is essential, just like it is for Polkadot. 

## WASM 

Developers can build complex DApps using tools and languages they know through WASM smart contracts, bridging the gap between Web2 and Web3 development. 

It offers direct access to the runtime, enabling developers to build DApps previously not possible on the Ethereum Virtual Machine. Astar Network supports any programming language that compiles to WASM, making it a secure and versatile environment for deploying highly optimised smart contracts. 

## EVM  

Developers familiar with Solidity will find Astar EVM a comfortable environment for building smart contracts. Additionally, they can fragment their smart contracts and selectively move logic to the WASM Virtual Machine, which offers better performance, security, and cost-effectiveness for certain applications. 

## Build2Earn Initiative 

Astar Network's DApp Staking (#Build2Earn) feature enables users to support projects by staking on them, thereby contributing to developers' passive income. This innovative approach motivates projects to offer unique value propositions and cater directly to end-users. 

## XVM 

Astar Network offers the Cross Virtual Machine (XVM), which enables developers to call smart contracts from one virtual machine to another, such as WASM to EVM. The creation of hybrid cross-VM DApps is facilitated by the innovative XVM protocol, which is exclusively available on Astar Network. 

## Polkadot Relay Chain 

The security of Layer 1 blockchains is enhanced with the Polkadot Relay Chain, considered the industry's most secure. Moreover, it enables the development of genuine multi-chain smart contracts that communicate across chains. 

## Interoperability 

Astar Network utilises XCMP, a message transport system, to establish connectivity with the Relay Chain and multiple other para chains within the Polkadot ecosystem. It employs vertical channels (VMP + DMP) to connect with the Relay Chain, while para-chain communication occurs horizontally through HRMP channels. 

Astar is designed to be interoperable with various blockchain ecosystems such as Ethereum, Polkadot, and Cosmos. This interoperability enables the seamless transfer of assets and communication between multiple ecosystems. 

For instance, thanks to Astar's cross-chain capabilities, users can easily transfer assets from Ethereum to Astar and vice versa without needing an intermediary. Furthermore, developers can create DApps on Astar that interact with DApps on other blockchains, resulting in an ecosystem that transcends the limitations of individual chains. 

This interoperability feature allows for a more connected and robust blockchain network, paving the way for new and innovative use cases that would have been impossible in the past. 

Astar crypto logo in green on abstract background

Astar Crypto: The Future of Smart Contracts?

[Bitkeep](https://bitkeep.com/en/index) is a decentralised wallet that offers safety and transparency, ensuring that your data and assets are always under your control. 

With support for more than 90 blockchain networks, you can explore a variety of NFTs, DeFi protocols, and DAOs. The platform enables efficient cross-chain trading, making hot NFTs and tokens easily accessible. You can access more than 20,000 DApps across multiple networks through their Web3 DApp browser. 

This company has been in safe operation for more than five years now and boasts a user base of more than 8,000,000 users globally. The platform supports over 255,400 tokens and over 220,000 NFTs. With its vast array of available tokens and NFTs, BitKeep provides its users with numerous opportunities to invest in their preferred digital assets. 

The wallet provides users with a multichain solution, allowing them to manage their crypto portfolios across more than 90 blockchain networks. This is done by importing existing wallets or creating new ones within the app. To ensure the safety and security of users' crypto assets, they employ a unique Double Encryption Storage Mechanism (DESM). Even if a user's device is lost or stolen, their assets remain secure and protected. 

## BitKeep offers comprehensive crypto solutions 

With BitKeep Swap, users can benefit from a comprehensive DEX market with optimised cross-chain transactions and liquidity aggregated from multiple DEXs and bridges. 

The platform also offers an [NFT](/news/article/nft-tax-uk-rules-explored) market with a search function, allowing users to invest in NFTs using any token easily. Additionally, its DApp store provides a Web3 browser that lets users securely access the latest DeFi, trading, social, and gaming DApps across multiple mainnets. Users can also favourite their most frequently used DApps for quick and easy access. 

This wallet has gained immense popularity among crypto enthusiasts, with almost 8 million users across 168 countries. It has established ecosystem partnerships and [strategic alliances](https://www.crunchbase.com/organization/bitkeep) with the top 30 public chains such as Polygon, [Solana](/news/article/solana-doodle-apes-explained), BSC, ETH, HECO, OEC, TRON, Fantom, Wax, IOST, AVAX, zkSync, Terra Luna, Near, Arbitrum, among others. These partnerships have made it an officially recommended wallet for them. 

With support for more than 80 main chains, 20,000+ DApps, and 245,400+ crypto assets, it aims to offer its users the most convenient and user-friendly decentralised portal. 

## BitKeep Secure Asset Fund 

To provide added security for user accounts and promote the growth of the [blockchain](/news/article/what-is-blockchain) ecosystem, BitKeep has established this fund. 

With an initial seed fund of $1,000,000, BitKeep plans to allocate 10% of its monthly Swap revenue to the fund. Additionally, they will invest in security technology annually to protect accounts from being hacked. The seed fund is stored in blockchain addresses to ensure transparency and accountability. 

To ensure transparency, wallet addresses have been made public for the fund. Over 50% of the fund is held in stablecoins, which helps minimise the impact of token price fluctuations. Furthermore, the fund is continually being funded to ensure the safety of assets. 

bitkeep logo on blue image of man using computer

BitKeep Crypto Wallet for Multichain Management

Toncoin is a layer-1 decentralised [blockchain](/news/article/blockchain-use-cases) initially created in 2018 by Telegram, the encrypted messaging platform. However, the project was abandoned and subsequently taken over by the TON Foundation, which rebranded it from "Telegram Open Network" to the new name of "The Open Network". 

Since 2020, the development of Toncoin (formerly known as Gram) and the TON network has been driven by a non-commercial group of supporters and an independent community of enthusiasts known as the TON Foundation. 

It was intended to be integrated into a user-friendly application that would allow for the easy buying, sending, and storing of funds, with users paying transaction fees and using Toncoin to settle or validate transactions. 

Toncoin uses the [Proof-of-Stake (PoS)](/news/article/ethereum-pos-release-date) consensus model to ensure scalability and reliability. The project website claims the platform offers customers fast, transparent, and secure payment services, enabling transactions with minimal fees and without needing third-party applications. 

## What are the uses of the Toncoin token? 

Toncoin is expected to play a significant role in the new economy and [Web3](/news/article/web3-games-raised-millions). The platform utilises smart contracts to facilitate transaction processing fees. The applications built on the platform offer payment services. Validators can lend capital and earn interest, while cross-chain transaction fees are also facilitated through this token. 

TON's on-chain governance program depends on the token and is also used as payment for blockchain-based domain names (DNS) and TON Proxy. Additionally, validators are required to maintain the blockchain by staking this cryptocurrency. Looking to the future, it is expected to be used as payment for decentralised data storage. 

## TON's flexible architecture allows for scalability without performance losses 

The Open Network is a blockchain-powered by the community, with a flexible architecture focused on serving the average consumer. Its most outstanding feature is its ability to quickly process and validate transactions per second (TPS). 

During a contest in September 2021, the network processed a record-breaking [55,000 TPS](https://coinmarketcap.com/alexandria/glossary/transactions-per-second), although the current TPS may be in the hundreds of thousands or even millions. This attribute facilitates the project's growth while preventing any performance losses. 

The developers' objective is to establish a comprehensive ecosystem encompassing decentralised storage, decentralised services, an equivalent of the domain name system (DNS), an anonymous network, an instant payment platform, and speedy/affordable transaction processing. 

With its scalable and shardable design, the Toncoin network can expand infinitely without compromising performance. This flexible architecture allows the network to accommodate many transactions, accounts, and validators. As of the latest data, the Toncoin network has processed a total of 118,225,433 transactions and has 2,334,994 active accounts. 

Furthermore, the network is secured by 297 validators who use the PoS consensus mechanism to validate transactions and earn Toncoin rewards. This impressive scalability, performance, and security make it a promising platform for decentralised applications and digital asset management. 

## TON's sharding feature 

This network is structured on the [sharding](https://www.rootstrap.com/blog/what-is-sharding-and-how-is-it-helping-blockchain-protocols) principle, or segmentation, featuring a multi-level structure involving multiple subnets on the same blockchain. The TON network is constituted of the master, work, and shard chains. This sharding feature prevents the net from accumulating unverified blocks and speeds up tasks. The developers of TON focus on scalability, efficiency, and mass adoption, providing ultra-fast transactions that verify and process a massive amount of TPS. 

It offers various services to its users, including TON Wallets, which provides two categories of wallets (custodial and non-custodial), and TON Services, allowing developers to create multiple DApps. In contrast, users can access third-party apps through a user-friendly interface. TON Storage provides private encryption using the private key of the owner's wallet, while TON Proxy allows access to the TON blockchain via decentralised VPNs. 

TON DNS (decentralised name system) allows traditional websites to work in the TON network, allowing users to set short, readable names. 

## Toncoin price and tokenomics 

As of writing, the [Toncoin price ](https://coinmarketcap.com/currencies/toncoin/)is $2.31, with a 24-hour trading volume of $25,099,270. The coin's volume is divided between centralised exchanges (CEX) and decentralised exchanges (DEX), with $25,193,486 and $124,808, respectively. 

The coin's market cap is $2,823,172,013, while its fully diluted market cap is $11,544,168,517. The circulating supply of TON is 1,221,401,181, while the maximum supply is 5,000,000,000, and the total supply is 5,047,558,528. 

## Security measures to protect the Toncoin network 

The Toncoin network employs the PoS consensus mechanism for transaction verification and rewards validators with Toncoin. Nominators can also offer tokens to validators and earn rewards. Additionally, the network utilises smart contracts to manage validators and nominators, providing an extra layer of protection. These smart contracts are executed through the TON Virtual Machine (TVM). 

toncoin coin on green image of trading stats

Toncoin: Revolutionising Blockchain Scalability

## Terra Luna Classic price prediction: Will it rise? 

Before turning to the Luna Classic price prediction, let's explain what LUNC is and where it came from. 

Luna Classic became the first token native to the Terra blockchain in August 2018. It operates on the original Terra ecosystem code, unlike the new Terra (LUNA) chain. The primary purpose was to address the price fluctuations of the algorithmic stablecoin, UST. 

The UST stablecoin used minting and burning Luna tokens to balance supply and demand to maintain its peg to the US dollar. However, in May 2022, UST lost its peg and collapsed. The UST stablecoin algorithm created trillions of LUNA tokens, resulting in hyperinflation and a 99% reduction in the value of the original LUNA token. 

## Current price and tokenomics 

At the time of writing, the price of Terra Classic is $0.000125, and it has a 24-hour trading volume of $40,468,398, with $40,395,243 worth of trading volume on centralised exchanges and $77,346 on decentralised exchanges. It has a current [CoinMarketCap ranking](https://coinmarketcap.com/currencies/terra-luna/) of #69, with a live market cap of $742,058,227. The circulating supply is 5,897,710,996,320; the maximum supply is not currently available. Additionally, the fully diluted market cap is $862,645,196. 

## LUNA vs. LUNC: What's the difference? 

Do Kwon and Daniel Shin launched the original Terra blockchain in January 2018. LUNA was introduced through an ICO in early 2019. The blockchain was a great success and soon became one of the top 10 cryptocurrencies by market capitalisation. However, in May 2022, the stablecoin [TerraUSD ](/news/article/terra-usd)(UST) lost its USD peg and crashed with its sister token, Luna, causing a widespread cryptocurrency market downturn. 

To revive the Terra blockchain, Do Kwon proposed a recovery plan that involved a hard fork in creating two separate chains, with the new chain not having any stablecoin. The validators approved the plan on 25 May, 2022, and Terra 2.0 was launched on 28 May. LUNA is the native token of Terra 2.0, while the original Terra blockchain was rebranded as Terra Classic, and its native token was renamed Luna Classic. 

The staking tokens for governance on their respective chains are LUNC and LUNA. However, LUNC has an additional function of maintaining the price stability of its algorithmic stablecoin, Terra (UST), using the protocol's algorithmic market module. In cases where the price of UST rises or falls beyond a certain threshold, the module encourages the burning of UST to produce LUNC or the reverse. As a result, this process aids in reducing price volatility and maintaining stability. 

LUNC serves as an arbitrage mechanism for the Terra algorithmic stablecoin, which sets it apart from LUNA since the latter is not associated with any algorithmic stablecoin. 

## Is there a future for Luna Classic? 

As Do Kwon and his team focus on developing Terra 2, the community will be responsible for running the former network. This raises questions about the future practicality and usefulness of the former token. To address the issue of over-minting, the community has implemented a 1.2% burn tax on all LUNC transactions, including buying and selling. This effort could reverse the damage caused by over-minting by reducing the supply from 6.5 trillion to 10 billion tokens. 

The burn tax destroys 1.2% of all LUNC tokens exchanged during a transaction. While this mechanism aims to decrease the supply, there may also be a corresponding rise in demand in the future. 

The recent support from major exchanges such as Binance and KuCoin for the proposed LUNC token burn has sparked optimism for its future. This positive development may inspire other exchanges to follow suit and support the community's efforts to recover from previous setbacks. Furthermore, sustained support from these exchanges could boost trading volumes and sustain a bullish trend for LUNC in the coming months. 

## Luna Classic price prediction 

Following its rebranding, the price of [Terra Classic](/news/article/luna-classic-news-future) remained low at $0.0001 for several months, which was not surprising given the bearish market for cryptocurrencies. However, LUNC experienced a rally after its tax burn proposal was approved and implemented on 21 September, 2022. This tax involves burning 1.2% of each transaction on the blockchain, which should reduce the supply of LUNC and increase its demand. 

Binance's announcement on 26 September, 2022, that it would burn all trading fees on LUNC spot and margin trading pairs caused Luna Classic to rally even further. Within a few hours, the price of LUNC increased by over 60%, rising from $0.00018 to $0.0003. 

Despite the token's history of implosion, many crypto experts have become relatively bullish about the Luna Classic price prediction due to recent developments. [DigitalCoinPrice](https://digitalcoinprice.com/forecast/terra-luna) predicts that LUNC's price will rise over the next five years, reaching around $0.0012 by 2025. They anticipate the price to stay the same over the next decade. WalletInvestor also forecasts that the cost [will exceed $0.0026](https://walletinvestor.com/forecast/terra-classic-2-prediction-data/5) by 2027. 

[AMB crypto's analysis](https://ambcrypto.com/predictions/terra-luna-price-prediction) has projected the price ranges and average prices of Terra Luna Classic (LUNC) for the next decade, covering data from 2023 to 2034. According to them, the expected Luna Classic price prediction range will be between $0.17 to $0.26, with an average price of $0.22 in 2023. And, by 2025, the cost would fluctuate from $0.00037 to $0.00025. 

By the end of the decade, they expect the price of LUNC will reach between $0.0014 and $0.00093. And by 2034, the price is expected to rise to $0.004, and the yearly bottom could be at $0.0026. 

## What are the potential risks of investing in Luna Classic? 

It cannot be denied that [the crash](/news/article/terra-luna-collapse) of the original Terra blockchain in May 2022 shook the confidence of many investors and crypto enthusiasts. They quickly labelled Do Kwon a fraudster and doubted the possibility of Terra making a comeback. 

Despite this, the Terra Classic blockchain has shown promise since the fork. The coin gained traction after Binance announced the LUNC tax burn on transactions, which indicates a potential increase in the value of Luna Classic in the years to come. 

However, INTERPOL has reportedly requested law enforcement agencies worldwide to locate and apprehend Do Kwon. Terraform Labs, the development firm behind Terra, is accused of running a Ponzi scheme. Therefore, it is difficult to determine if LUNC will genuinely rise from the ashes or ultimately crash and burn. 

While some argue that a strong community on Twitter is expressing their support for the project, it may not be wise for investors to invest in LUNC, given that [Do Kwon](/news/article/do-kwon-red-notice) and his team are reportedly working on Terra 2.0. 

There are numerous upcoming projects in the crypto space with promising technology and strong teams that are genuinely addressing critical issues. Thus, instead of holding onto a project that has failed and been abandoned by its team, it may be more prudent for retail investors to conduct research and identify promising projects of the future to invest in. 

green image of woman trading cryptocurrency on a computer with Terra Luna logo overlayed

Terra Luna Classic Price Prediction

[Coinmama](/news/article/coinmama-crypto-exchange) and Coinbase are two popular crypto exchanges, thanks to their user-friendly interfaces and commitment to security. But in the Coinbase vs Coinmama battle, which one is right for you?

## Coinbase vs Coinmama overview

Coinmama was founded in 2013 and allows users to purchase various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Cardano, Litecoin, Tezos, Ripple, and [Dogecoin](/news/article/elon-musk-twitter-dogecoin), using fiat currency. It accepts credit and debit card payments and bank wire transfers for deposits.

The minimum purchase amount on this exchange is $50, and it supports all fiat currencies. However, it charges a commission fee of up to 3.90% on buy transactions and up to 0.9% on sell transactions.

This exchange offers three account transaction limits, with Level 1 having a limit of $15,000, Level 2 having a limit of $50,000, and Level 3 having a limit of $1 million. The daily credit card buy limits for Level 1 and Level 2 are both $5,000, while Level 3 has a limit of $7,500. The daily bank transfer buy limits for Level 1, Level 2, and Level 3 are $15,000, $30,000, and $50,000, respectively. The exchange charges a 5% deposit fee for credit card payments but no withdrawal fee. They also offer customer support through email and support tickets, and it has a mobile app available for download.

[Coinbase](/news/article/coinbase-google-partnership) was founded in 2012 and is based in San Francisco, California. The exchange has over 100 supported countries and offers trading in more than 3,000 cryptocurrencies with 150+ trading pairs. However, this exchange does not have its native token. The exchange supports fiat currencies such as USD, EUR, and GBP and has a minimum deposit of $2. Users can deposit funds through ACH, Fedwire, Silvergate Exchange Network, and SWIFT, with fees ranging from free to $25. The maximum daily buying limit on Coinbase is $25,000 daily, and transaction fees range from $0.99 to $2.99. Withdrawal fees are between 0.55% to 3.99%. It has applications available for both iOS and Android, and customer support can be reached through email and phone.

## Ease of Use

Both of these exchanges are user-friendly exchanges. Coinbase has a more extensive user interface and a broader range of features, making it suitable for beginner and expe[text](link)rienced traders. It also offers a more comprehensive range of cryptocurrencies to trade and allows for staking and lending some cryptocurrencies.

[Coinmama](https://www.coinmama.com/), on the other hand, has a more streamlined user interface, making it easier for beginners to use. It also provides a simple buying process with fast transactions. However, it offers a more limited range of cryptocurrencies to trade.

## Security

On 15 February, 2019, Coinmama experienced a security breach that leaked 450,000 email addresses and passwords. The exchange's official statement revealed that the breach was part of a large-scale global hacking attack affecting 24 websites and 747 million records. But, if we look at the positives, customer cryptocurrency funds are never held or stored on the site, and payment information is not saved, which means that personal financial details and cryptocurrency are not at risk of being hacked.

In 2021, [Coinbase](https://www.coinbase.com/) suffered a security breach due to a vulnerability in its account recovery system, which compromised at least 6,000 user accounts. However, Coinbase promptly fixed the issue and fully reimbursed affected users. Despite numerous hacking attempts, Coinbase has remained vigilant in safeguarding its platform.
So, both of these platforms are safe and secure.

## Fees

Coinbase applies a fee that varies depending on the size of your transaction. Transactions of $10 or lower incur a fee of $0.99, while those between $10 and $25 cost $1.49. Transactions ranging from $25 to $50 require a price of $1.99, and those between $50 and $200 cost $2.99. Transactions exceeding $200 incur a fee based on a percentage of the transaction amount. Additionally, Coinbase charges a spread-based fee of 0.50%.

Other fees depend on the payment method used. ACH transfers are free, while a bank account or USD wallet incurs a 1.49% fee. Credit or debit card transactions attract a 3.99% fee, while wire transfers require additional costs of $10 for incoming transfers and $25 for outgoing transfers.

When trading on Coinbase Pro, fees range from 0% to 0.5% per trade. Users can expect to pay a taker fee ranging from 0.04% to 0.50% and a maker fee between 0% and 0.50%.

Coinmama charges commission fees that vary from 0.99% to 3.90%, based on the customer's Loyalty Level. By standard practice, the exchange applies a spread to balance the unpredictability of a decentralized currency without a fixed market rate. Additionally, Coinmama imposes an "express fee" for particular payment methods that involve securing the exchange rate for a prolonged duration. Such payment methods comprise credit/debit cards, Google Pay, Apple Pay, Skrill, and NETELLER.

## Supported cryptocurrencies

Coinmama offers a diverse selection of cryptocurrencies for purchase, including some of the market's most popular and widely-used digital assets. Here, users can buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP). It offers trading pairs with several stablecoins, such as USDC and USDT, which are pegged to the US dollar, providing stability to users' cryptocurrency investments. Other tokens available for purchase include Chainlink (LINK), Dogecoin (DOGE), EOSIO (EOS), Loopring (LRC), Numeraire (NMR), OMG Network (OMG), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), and Aave (AAVE). It's worth noting that some cryptocurrencies may not be available in certain regions due to legal restrictions or other factors.

Coinbase Wallet supports Ethereum and all EVM-compatible networks on the mobile app and browser extension. This wallet has pre-configured networks such as Arbitrum, Avalanche C-Chain, BNB Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, and xDai. \

The Coinbase Wallet mobile app also supports Bitcoin, Dogecoin, and Litecoin. Users can also link their Coinbase.com account to the Coinbase Wallet to buy or transfer cryptocurrency. However, it is vital to consider that not all supported crypto on Coinbase Wallet may be available for trading on Coinbase.com and vice versa. 

Sending funds between the Coinbase.com account and Coinbase Wallet incurs standard network fees. The wallet also supports thousands of tokens, including ERC-20 tokens and all tokens on EVM-compatible chains and stablecoins such as USDC and DAI on all supported networks, including tickets on the Solana Network.

## Coinbase vs Coinmama conclusion

In conclusion, Coinmama and Coinbase are user-friendly, secure, and reliable exchanges. When it comes to choosing from Coinbase vs Coinmama, you must consider your individual needs, such as the range of cryptocurrencies you wish to trade, your transaction limits, and the fees you are willing to pay.

Coinbase offers a broader range of cryptocurrencies and has a more extensive user interface, making it suitable for both beginner and experienced traders. In contrast, Coinmama has a more streamlined user interface and provides a simple buying process with fast transactions.

Regardless of your winner of the Coinbase vs Coinmama showdown, it is always important to prioritize security and to use a reputable and trusted platform for trading cryptocurrencies.


coinbase and coinmama apps in front of blue abstract image

Coinbase vs Coinmama: Which is Better for You?

[Enter the Metaverse London](https://techcircus.io/en/events/enter-the-metaverse-london-2) was an event that aimed to introduce a new world of digital to its attendees.

The event featured thought leaders and inspirational designers leading the audience through a technological paradigm shift. The event took place on 28-29 November 2022 and explored exciting developments in VR, AR, and regulatory and legal movements. It delved into the future of e-commerce and gaming in the [Metaverse](/news/article/how-to-buy-land-in-metaverse-worlds) and decentralised commerce.

One of the event's primary focuses was gaming in the Metaverse. 

According to the presenters, wherever gaming goes, innovation follows. A lot of the original innovations in hardware and software were spurred by video games, and [Web3](/news/article/uquid-web3-integrates-with-polygon) is no different. When it is made entertaining and rewarding to engage with new technology, more users adopt it. The event discussed how blockchain empowered players and developers and some exciting models in the gaming world. The panel also discussed significant technological advancements in the gaming industry.

## Introduction to emerging technologies

The occasion introduced its attendees to the latest developments in emerging technologies. These technologies are rapidly gaining traction and are poised to be a major part of the future, like [Augmented Reality](/news/article/augmented-reality-tokens-explained) (AR) overlays digital elements in the real world, enhancing the users' experience. Extended Reality (XR) combines VR and AR, delivering a more immersive experience. The event also explored haptic feedback suits, which allow users to feel like they are in the game.

The Metaverse is an exciting development that aims to create a fully immersive virtual world. It is poised to be the next big thing in e-commerce, and the event delved into its future. It is a shared virtual space where users can interact together in a 3D world. It provides endless possibilities for businesses to engage with customers and deliver immersive experiences.

The occasion featured various presenters, including the Chief Medical Metaverse Officer of AIMEDIS, Professor Shafi Ahmed, Co-Founder of The Sandbox, Sebastien Borget, Director Of Business Development - EMEA of Niantic, Sarah Burslem, CEO of Singularity.net, Ben Goertzel, Sophia the AI, and Blockchain Product Marketing Manager of EX-SHOPIFY, Nicole Sandford. The occasion included various panels, including Web 3.0, the Metaverse, the Future of Gaming, and DeFi's Significance in Enabling Efficient Financial Transactions in the Metaverse.

## Conclusion

Enter the Metaverse London was an informative and exciting occasion that showcased the latest developments in emerging technologies. It left attendees with a deeper understanding of the possibilities and challenges of the digital world and the potential of emerging technologies to shape our future.


pink image of london and metaverse VR headset above

Enter the Metaverse London Explained 

If you have ever wondered, "where can i buy LOOM crypto?", this article will outline some of the exchange the Loom Network native token is available on, and explain how to buy it.

Loom Network, launched on 1 October, 2017, is a platform as a service built on [Ethereum](/news/article/ethereum-shanghai-upgrade) that enables developers to operate decentralised applications on a large scale. Its primary objective is to provide developers with smart contracts for greater computing power as needed or to maintain the same level of power while reducing costs for specific tasks, such as user onboarding trials or applications that don't require full blockchain security.

It facilitates the execution of Ethereum Solidity apps via side chains, providing specific consensus mechanisms and enhanced security. It streamlines the scaling process of decentralised apps on the Ethereum network, utilising DPoS side chains. LOOM token serves as a membership token, granting access to all apps, allowing for seamless transfer of digital assets and data between Ethereum and Loom DAppChains.

## Where can I buy Loom crypto?

The most popular trading platforms for Loom Network are [Huobi](/news/article/huobi-exchange-who-owns-it), VCC Exchange, Coinbase Pro, Upbit, Bilaxy, Bittrex, Bithumb, Binance, and HitBTC.

## Step-by-step guide on buying LOOM on Coinbase

Step 1:
To begin using [Coinbase](/news/article/coinbase-singapore-approval), complete the sign-up process by downloading the app or signing up on its website. It's important to have a valid ID and proof of address readily available, as these may be required for transactions. Remember that ID verification times may vary based on your location and could take longer than a few minutes.

Step 2:
To incorporate a payment method, click the payment method field and link a payment option. You can opt for a bank account, debit card, or initiate a wire transfer.

Step 3:
Initiate a transaction by selecting Buy & Sell on Coinbase.com or tapping the ( + ) Buy option on the Home tab of the Coinbase mobile app.

Step 4:
Choose Loom Network from the list of available assets. To find and select Loom Network on Coinbase.com, click the Buy panel. For Coinbase mobile app, type "Loom Network" into the search bar to find it. Once you see Loom Network in the search results, tap on it to access the purchase screen.

Step 5:
Specify the desired purchase amount. Use the number pad to indicate the amount you wish to spend in your local currency. The application will then convert it into an appropriate crypto amount. The arrow keys positioned to the right of your chosen money amount can be clicked to switch it to the corresponding token amount.

Step 6:
Complete the acquisition by tapping "Preview buy" when you're prepared. Examine the specifics of your purchase to ensure everything is in order, then validate your acquisition by clicking "Buy now". Following the completion of your order, you will be directed to the confirmation page, indicating that you have successfully purchased this cryptocurrency.

## Buying Loom Network crypto on Binance

After creating a free account on the Binance website or app, click on the "Buy Crypto" link on the website to view the available options in your country. Binance recommends purchasing a stablecoin like USDT or BUSD first for better coin compatibility and then using it to buy $LOOM.

You could pay using:

- Credit Card and Debit Card.

- Bank Deposit.

- Third-Party Payment.

You are given 60 seconds to confirm your order at the present price, or the order will be updated in accordance with the current market value. By clicking the Refresh button, you can check the revised amount of the order.

After purchasing your cryptocurrency, you can keep it in your personal crypto wallet or leave it in your Binance account. Additionally, you can trade it for other cryptocurrencies or earn passive income by staking it on Binance Earn. If you wish to trade it on a decentralised exchange, Trust Wallet could also be a great option as it supports a wide range of assets and blockchains.

## Choosing the right order type for buying Loom crypto

Market order: This type of order is executed immediately at the current market price of the coin or token. For instance, if LOOM is currently trading at $0.05, a market order will purchase LOOM tokens at approximately $0.05 per token.

Limit order: A limit order is a buy order that is executed at or below the price you specify. For example, if you set a limit order to buy 100 LOOM tokens with a limit price of $0.08, you will not pay more than $0.08 per token. If the broker is unable to fill the order at or below $0.08, the order will remain open indefinitely.

## What is the circulation of Loom Network digital token?

This digital token is utilised for Proof-of-Stake to secure Basechain. It can be staked by token holders to earn rewards. Additionally, developers can use the token to pay for DApp hosting on Loom Network without any transaction costs for users.

It operates on the Ethereum platform and follows the ERC-20 standard, serving as a means of payment for services on the network. It's important to note that LOOM isn't mined but acquired through user participation in DApps. The maximum quantity of tokens is limited to 1 billion.

## LOOM price predictions 

[CryptoGround](https://www.cryptoground.com/loom-network-price-prediction)'s price prediction for this token in 2022 was bearish. 

However, the site predicted that the token could rebound to $0.0607 in March 2023 and potentially rise to $0.0743 by August. The forecast also projected a token price of $0.1197 in 2024 and $0.3088 in 2025, with a potential value of $0.4789 by September 2027.

According to [PricePrediction's](https://priceprediction.net/en/price-prediction/loom-network) forecast, the token price could increase to $0.081 by 2023 and $0.12 by 2024. The site also predicted that the token may reach $0.17 by 2025, $0.24 by 2026, and $0.35 by 2027. By 2028, the estimated price was around $0.52, potentially rising to $0.75 by the decade's end. PricePrediction also forecasts that the price could hit $1.15 by 2030 and $1.73 by 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/loom-network-prediction) prediction was more pessimistic, predicting that this project may face challenging times and that the token's value could decrease significantly to approximately $0.0692 by September 2023.

It's important to note that predicting the price of a token is challenging due to the highly volatile nature of cryptocurrency markets. Short-term and long-term predictions can be incorrect since market fluctuations can occur within hours. Therefore, it's important that you make your own judgments and not rely on any predictions before making any investments.


green image of loom crypto logo over abstract tech art

Where Can I Buy LOOM Crypto?

US regulators have accused eight well-known personalities, such as Lindsay Lohan and Jake Paul, of engaging in an illicit cryptocurrency scheme. The charges claim that these celebrities used their social media presence to enhance the value of two [crypto](/news/article/cryptocurrency-news-predictions) tokens without disclosing that they received payment for promoting them.

The US Securities and Exchange Commission (SEC) [officially announced](https://www.sec.gov/news/press-release/2023-59) the charges on Wednesday.
The SEC claims celebrities used social media to share their cryptocurrency promotional messages.

## Lindsay Lohan Charges

On February 11, 2021, Lindsay Lohan, who has more than 8 million Twitter followers, tweeted that she was already liking Justin Sun's cryptocurrencies, which included $TRX.

In the tweet, she praised the currencies' super-fast speed and lack of fees while commending Justin Sun. In March 2021, she [advertised](https://twitter.com/lindsaylohan/status/1377647992639954945?s=20) an auction for an [NFT](/news/article/nft-tax-uk-rules-explored) of one of her songs and tweeted about it on April 1, 2021, saying there were just over 9 hours left to bid.

SEC Chair Gary Gensler stated that the Lindsay Lohan charges and associated cases highlighted the significant risks investors are exposed to when crypto asset securities are marketed and sold without adequate disclosure.

## Other celebrities charged with illegally promoting crypto assets

Charges have been brought against several famous individuals, including musician Soulja Boy (real name DeAndre Cortez Way), aged 32; singer Austin Mahone, aged 26; porn actress Michele Mason (better known as Kendra Lust), aged 44; musician Ne-Yo (real name Shaffer Smith), aged 43; rapper Lil Yachty (real name Miles Parks McCollum), aged 25, and Senegalese-American singer Akon (real name Aliaune Thiam), aged 49.

According to the [SEC](/news/article/looming-coinbase-sec-probe-upsets-coin-price), they are accused of illegally promoting TRX and [BTT](/news/article/btt-crypto-price) crypto assets without disclosing their compensation.

Additionally, crypto investor and Grenada diplomat Justin Sun is accused of fraud for manipulating the trading activity of the two tokens to make it appear as if they were being actively traded. This practice is known as "wash trading".

Except for Mr. Cortez Way, Akon, and Mr. Mahone, all the celebrities, including Lindsay Lohan, have collectively paid over $400,000 to resolve the charges.


red image of crypto coins with celebrities Lindsey Lohan, Jake Paul, Ne-Yo and Akon standing in foreground

Lindsay Lohan Faces Charges from SEC 

MyLiquidityPartner is a rewards token that relies on liquidity pools. Liquidity providers contribute crypto assets like ETH/USDC/BTC to their liquidity pools to support trading. Here's our review.

A liquidity pool is a group of cryptocurrencies that gather fees from trading activities. These pools are created through smart contracts that secure and lock the tokens for decentralised exchanges (DEX) trading. [Decentralised finance](/news/article/instrumental-finance-defi) (DeFi) platforms commonly use automated market makers (AMMs) to facilitate trades, allowing digital assets to be traded automatically using liquidity pools instead of the traditional buyer-seller markets.

## How could liquidity partners earn? 

Partners can earn up to 2.5% each week based on the value of funds they contribute to the pool. The firm reduces the risk for its partners by allocating matched coins. The platform absorbs all the permanent risks associated with pool management, so the individual partner doesn't bear any risk. The Total Value Locked (TVL) is currently $350M and steadily increasing. The 24H trading volume is over $50+M and is trending upwards. This presents a chance to earn $400K in fees from a single pool.

In addition to receiving weekly 2.5% payouts, partners can opt to re-stake their commissions. Re-staking involves using the weekly payouts to buy more assets, thereby increasing the total asset count in the pool. The MyLiquidityPartner pool is designed for hyper compounding, with returns of 117% APR & 218% APY.

In addition to weekly payouts, partners receive an MLP Token, a loyalty reward token for existing pool partners. The MLP Token serves as an appreciation gesture for their participation in the program. It allows those who cannot afford to join the pool to participate and enjoy the platform's rewards while having access to immediate cash flow. Token holders can choose to donate their tokens to the Ruby Family Foundation. This fully transparent blockchain-based foundation allocates 100% of its funds towards global outreach programs for mothers and children. By making donations of reward tokens to the foundation, partners can directly support its mission efforts.

## Trading and fees on the Uniswap platform

Trades on the [Uniswap](/news/article/uniswap-exchange-nft-aggregator) platform are executed between USDC and ETH. Transaction fees are charged whenever these trades occur, and liquidity providers earn a percentage of these fees as passive asset growth proportional to their pool contribution. 

Liquidity Partners receive a weekly partnership fee, which begins at 0.75%, on their [Ethereum](/news/article/ethereum-pow-price-prediction) (ETH), Bitcoin (BTC), Shiba (SHIB), Ape Coin (APE), and USDC. Partners can choose between receiving weekly payouts or the "Hyper-Compounding" option.

For those who want to participate in a larger yield pool, MyLiquidityPartner also operates a BTC pool. It has a minimum deposit of 1 BTC. Before contributing, each partner must complete a full KYC approval, and there is no lock-in period.

## MyLiquidityPartner review: The pros

It is a fully decentralised platform that has been gaining popularity lately. With a surge in market price, a project white paper readily available, and an active community of 13.2K on Twitter, it is not surprising that many investors are flocking to invest in this platform. The contract on Ethereum ensures that the platform is secure and transparent, while being listed on [coinmarketcap.com](https://coinmarketcap.com/) provides credibility to the forum. Moreover, the website is easy to navigate, which is a plus for investors looking to get started with the platform.

## MyLiquidityPartner review: The cons

This cryptocurrency is still in the research and development stage. There are multiple issues with its synchronisations between ledgers, which is a cause of concern. Moreover, it must be listed on some exchanges, making it difficult for investors to buy and trade. One of the significant drawbacks shown in a MyLiquidityPartner review is the lack of a GitHub profile, which is essential for transparency and community involvement. 

Additionally, the absence of a Reddit account and Bitcointalk thread further hinders its popularity and reach. Furthermore, there are no traceable features on Tradingview, making it challenging to analyse the coin's performance.

Overall, this MyLiquidityPartner review shows it has a long way to go in establishing itself as a reliable and trustworthy cryptocurrency.


blue image of my liquidity partner logo on blue background image of US dollars and cryptocurrency coins

MyLiquidityPartner Review: Pros and Cons 

Benjamin Roth, the Chief Investment Officer of [Auros](https://www.auros.global/), has revealed that the company has effectively resolved its liquidity problems arising from the bankruptcy of the crypto exchange FTX.

Following a significant debt restructuring, Auros was recently released from court-supervised provisional liquidation and obtained a fresh investment of $17 million.

Vivienne Court Trading, a traditional high-frequency trading firm, and Bit Digital (BTBT), a public bitcoin mining company, led this investment. Meanwhile, the [crypto trading](/news/article/how-does-crypto-trading-work) firm had to engage in months of behind-the-scenes efforts to keep its business afloat following the collapse of FTX, which caused significant losses for several trading firms in the crypto industry.

## Auros response to the liquidity crisis caused by FTX bankruptcy

The failure of [Sam Bankman-Fried's](/news/article/sam-bankman-fried-bail-co-signers-revealed) exchange to repay its customers caused concerns about a broader insolvency crisis in the cryptocurrency market.

As a result, lenders began recalling their outstanding loans to minimise possible losses. Auros, whose funds were mainly tied up in FTX, suddenly faced a liquidity crisis and could not repay its creditors. Rather than attempting to repay lenders, it filed for provisional liquidation with the British Virgin Islands (BVI) court to engage with its creditors.

With the BVI's assistance, the firm could restructure its outstanding debts, including converting open-term loans into termed loans with a maturity date. Auros also addressed its $18 million in [DeFi](/news/article/what-is-a-defi-token) loans by repaying 55% of its debt on the blockchain-based credit platform Maple and spreading the remainder across three-month and nine-month loans.

## Auros raises strategic funds to continue its operations

According to Roth, the company had plans to raise capital even before [FTX's collapse](/news/article/ftx-bankrupt-who-to-blame). However, the court's supervision made it more challenging to raise funds. In a statement, Marcel Klooss, co-founder of Vivienne Court, stated that the two companies have complementary skills and distinct characteristics that will create continuous synergies. The crypto firm, expanding its derivatives solutions business to offer yield and protection services to clients, will have [BitDigital](https://bit-digital.com/) as its second-largest investor and strategic partner.

The funding round also includes participation from Trovio, Primal Capital, Epoch Capital, and a group of senior and former traders from proprietary trading and market-making firm Optiver.

Marcel Klooss and Hughes Ching, co-founders of Vivienne Court and Bit Digital, respectively, will become members of the board of directors.


blue image of circuitboard with auros logo overlayed

Auros Resolves Liquidity With $17M Funding 

On Wednesday, the US DOJ (Department of Justice) and the Securities and Exchange Commission (SEC) reported that Guo Wengui, a Chinese billionaire living in exile, was detained in New York for supposedly planning a fraud scheme worth more than $1 billion which involved cryptocurrency.

Guo, also known as Miles Guo and Ho Wan Kwok, or "Brother Seven," has been accused of committing 12 counts of wire fraud, securities [fraud](/news/article/terraform-labs-accused-of-fraud-by-sec), bank fraud, and money laundering. The DOJ stated that he allegedly used false statements and representations to persuade hundreds of thousands of his online followers to invest in various entities, resulting in more than $262 million in victim funds being obtained through the Himalaya Exchange, a supposed [cryptocurrency](/news/article/what-is-future-of-cryptocurrency) ecosystem.

The DOJ disclosed that it had seized around $634 million from 21 bank accounts linked to the alleged fraud.

The DOJ also [stated](https://www.justice.gov/usao-sdny/pr/ho-wan-kwok-aka-miles-guo-arrested-orchestrating-over-1-billion-dollar-fraud-conspiracy) that Guo Wengui is accused of making false statements and offering his investors inflated returns in exchange for supporting various ventures, including GTV Media Group Inc. In addition, Guo has been charged by the SEC for participating in unregistered and deceitful offerings that garnered more than $850 million.

## Bail Denied for Guo Wengui

According to the SEC, an investment scheme that employed cryptocurrency security called "H-Coin" or "Himalaya Coin" deceptively collected hundreds of millions of dollars from investors.

The project falsely stated that 20% of the coin's value was supported by gold and that the issuer would compensate investors in the event of any losses. According to Gurbir S. Grewal, the director of the SEC's enforcement division, the issuer, Guo, capitalized on the hype and appeal of cryptocurrency and other investments to victimize thousands and fund his and his family's luxurious lifestyle.

On Wednesday, the SEC made this statement, and CNN reported that Guo was denied bail at a hearing held the same day.

US Attorney Damian Williams claimed that Guo had committed the crime of profiting from embezzled money. Williams specifically mentioned that Guo had used the [stolen funds](https://twitter.com/SDNYnews/status/1636013342962712577?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1636013342962712577%7Ctwgr%5E5aa49442bd1adc0405714d5fc3a9c0868d934968%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fforkast.news%2Fheadlines%2Fus-accuses-exiled-chinese-tycoon-guo-wengui-of-1-billion-crypto-linked-fraud%2F) to buy a 50,000 square-foot mansion in New Jersey for himself and his close relatives, as well as a Ferrari valued at $3.5 million, two mattresses worth $36,000 each, and a lavish yacht that cost a whopping $37 million.


red backgound of money with guo wengui and a white dog

Guo Wengui Accused of $1 Billion Crypto Fraud 

On Friday, USDC stablecoin de-pegged from its intended $1 price after [Silicon Valley Bank](/news/article/silicon-valley-bank-uk-to-be-bought-by-hsbc) (SVB) was closed by regulators. In a [blog post](https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank), Circle said it would use its corporate resources and external capital, if required, to back USDC.

Circle had been holding $3.3 billion in USDC cash reserve at the Silicon Valley bank when the FDIC seized the bank's assets on Friday.

The company stated that it had attempted to transfer its assets before the bank's collapse and that the transaction could settle on Monday when US banks would resume normal operations.

However, Circle acknowledged the possibility that SVB might not return 100% of its assets, and it may take some time for any return, as the FDIC issues IOUs and advanced dividends to deposit holders.

According to Coingecko, the USDC price fell as low as $0.88 before rebounding to $0.97 after the announcement.

## DEX witnessed ATH in trading volumes

As a result of USDC price de-pegging from $1, crypto firms such as Binance, [Crypto.com](/news/article/crypto.com-ceo-past-includes-bankruptcy), Coinbase, and Bitpay paused USDC transactions and auto conversions. However, despite crypto companies halting transactions, the stablecoin accounted for 29% of the $90.70B global crypto trades.

Over the weekend, decentralized exchanges (DEX) [Uniswap and Curve witnessed a surge in trading volumes](https://www.coindesk.com/markets/2023/03/13/usdc-trading-dominates-record-day-for-defi-exchanges-uniswap-curve/), hitting all-time highs, as traders rushed to exchange their token holdings, particularly USD coin, with other tokens.

Uniswap processed nearly $12 billion in trading volume over 24 hours from Saturday to Sunday.

According to Dune Analytics data, USDC pools for wrapped Ether (WETH), Tether (USDT), and Dai (DAI) generated $15 billion in volume over seven days. The majority of this occurred from Friday to Sunday, generating over $8 million in fees for the Uniswap protocol, adding to Uniswap Labs' revenue, with a smaller percentage paid to liquidity providers.

Furthermore, stablecoin swapping tool Curve recorded almost $8 billion in trading volume, with one of its popular pools being imbalanced due to the rush of traders exchanging USDC for other tokens.


USDC Price De-pegged Below $1 

Bankrupt cryptocurrency lender Voyager Digital has been granted [court approval](/news/article/voyager-review-binance-deal) to sell more than $1 billion of its assets to Binance US, according to a [Bloomberg report](https://www.bloomberg.com/news/articles/2023-03-07/binance-us-approved-to-buy-voyager-after-judge-spurns-regulators#:~:text=Voyager%20Digital%20Ltd.%20won%20court,the%20approximately%20%241%20billion%20deal.) on 7 March.

US bankruptcy judge Michael Wiles granted the approval after four days of arguments presented by the company and the United States Securities Exchange Commission.
According to the judge's decision, the trading platform will close the sale and issue repayment tokens to impacted customers, giving them back approximately 73% of what they are owed.

Arguments from the SEC that redistributing funds to [Binance](/news/article/stop-minting-binance-stablecoin) US from Voyager would violate US securities laws were rejected. However, Peter M. Aronoff, a lawyer with the Department of Justice, said at the hearing that the federal officials are considering appealing Wiles' decision. The ruling comes days after 97% of 61,300 Voyager account holders favored the current Binance US restructuring plan.

## Voyager to decide on completing sale or liquidating on its own

The trading platform now has the option to complete the sale or liquidate on its own and turn over the proceeds to account holders, depending on how it views the ongoing federal investigations of Binance in the US.

The decision will also be influenced by Voyager's bankruptcy court dispute with [Alameda Research](/news/article/ftx-funds-political-donations-to-be-recovered), the sister company of FTX, which is demanding that Voyager hand over what was originally lent out. The company has agreed to reserve $445 million if it loses that dispute.

Customer payouts will be affected by Voyager's bankruptcy court dispute with Alameda Research and its decision to sell its assets to Binance. Brian Tichenor, the lead investment banker, said in a court hearing that if the approved restructuring plan is executed, customers will receive about $100 million more than if the trading company liquidated on its own.

The price of VGX tokens increased 32.9% to $0.50 in the four hours of the news before cooling off to $0.46 at the time of writing, according to CoinGecko data.


Binance US Cleared to Buy Voyager Assets 

The much-awaited [ETH Shanghai hard fork](/news/article/ethereum-shanghai-upgrade) upgrade, initially scheduled for late March, has been postponed by around two weeks by the Ethereum developers.

According to the announcement made during an [Ethereum](/news/article/ethereum-price-in-uk) developer meeting on 2 March, the ETH [Shanghai upgrade](https://cointelegraph.com/explained/ethereum-shanghai-upgrade-explained) is expected to be released sometime in the first half of April. At the meeting, the core developers agreed that the hard fork would occur approximately two weeks after the Goerli testnet launch, scheduled for 14 March. The Goerli testnet will be the final rehearsal before implementing the hard fork on the mainnet.

According to Tim Beiko, the project coordinator and a core developer for Ethereum, it is customary to provide a minimum of two weeks' notice before implementing any changes to the mainnet.

Beiko explained that if the Goerli testnet launch proceeds smoothly and the developers agree to move on 16 March, the earliest the mainnet will be updated would be in the first week of April.

In a [Twitter thread](https://twitter.com/TimBeiko/status/1631372629721620480?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1631373281650708481%7Ctwgr%5E1dbeece3471db96040845174bce7b665f85d20d5%7Ctwcon%5Es2_&ref_url=https://cointelegraph.com/news/ethereum-core-developers-push-shanghai-upgrade-to-early-april) on 2 March, Beiko clarified that they still needed to set a specific date for the mainnet update. Still, they are likely to decide during the next developer meeting on 16 March, contingent on the success of the Goerli testnet.

## What is the Shanghai Capella upgrade, and why is it essential?

The Shanghai Capella upgrade, also known as Shapella, which will be deployed on Goerli, represents the final opportunity for Ethereum clients and staking providers to verify that the Shanghai hard fork will function seamlessly when it goes live on the mainnet.

The eagerly awaited mainnet upgrade in Shanghai will enable Ethereum staked on the Beacon Chain to be withdrawn in stages. To maintain the security and stability of the network, the withdrawal of ETH will be dynamic. It will depend on the number of validators exiting at any given time. Since validators must complete a two-stage process involving an exit queue and a withdrawal period, the withdrawal process will occur gradually over time.

Around 17.1 million ETH, worth roughly $28 billion, has been staked on the Beacon Chain since the launch of the Ethereum consensus layer in December 2020. And the ETH Shanghai upgrade is predicted to benefit liquid staking providers, such as Lido, by bringing in more collateral. These platforms provide increased flexibility and yield opportunities for staked ETH, which could result in a rise in collateral deposited on them after the upgrade.


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