Eminem and Snoop Dogg [performed their track "From the D 2 the LBC](https://www.coinspeaker.com/snoop-dogg-eminem-bored-apes-mtv/)," inspired by the Bored Ape Yacht Club (BAYC) NFTs and Otherside Metaverse at the MTV Video Music Awards (VMAs). Yuga Labs, a blockchain technology company that creates NFTs and digital collectables, also supported the performance. The collaboration was the first Metaverse-inspired performance ever at an award show. The song was selected for the "Best Hip Hop" award.
 
This year, the creators of the much-hyped blue chip NFT, Bored Ape Yacht Club, revealed the Otherside Metaverse game. It combines Web3 and a massive multiplayer online role-playing game. But no official launch date of the Otherside Metaverse game has been announced.
 
The rappers released the song earlier this year, along with a music video that featured animated versions of their [Bored Ape](/news/article/how-to-buy-monkey-nft) Yacht Club (BAYC) avatars. The duo first performed the song live at Ape Fest 2022, and it was produced by 1st AMENDMENT and Young California in partnership with the BAYC. 
 
Snoop Dogg and Eminem were featured in a half-animated video during the MTV Awards show, wearing NFTs from the BAYC collection. Both rappers have significant investments in cryptocurrencies, notably the Bored Ape Yacht Club (BAYC) ecosystem. Snoop Dogg purchased the highly valued NFT in December, and Eminem spent $450,000 on his ape.
 
The rappers used their songs to bring their NFT avatars to life inside the upcoming game Otherside.

## Rappers' Metaverse involvement

Eminem and Snoop Dogg's NFT investment have contributed to the metaverse hype and development.
 
Eminem paid $462,000 for an NFT from OpenSea's NFT marketplace and later joined the Bored Ape Yacht Club. Eminem also collaborated with Gemini-owned NFT platform Nifty Gateway to launch his own NFTs. 
 
Talking about Snoop Dogg, he and his son Champ Medici have collaborated with the NFT project Clay Nation. In addition, Snoop Dogg collaborated with Chris Torres, the creator of the Nyan Cat meme, to create the "Nyan Dogg" NFT project. 



Eminem and Snoop Dogg performed the BAYC NFT song

[Nyzo](https://nyzo.io/) is a democratic, open-source, decentralised, and effective blockchain. The system prioritises scalability, and the block time is seven seconds. The project was created entirely from scratch, with completely new coding, with an emphasis on simple and safe usability.

It is an ecosystem that consists of coins and non-fungible tokens. The coin is used to power the ecosystem, and the NFTs are used to represent digital assets stored on the protocal.

The Nyzo blockchain was created to build a more sustainable blockchain ecosystem. The team behind is committed to creating a fair, secure, and transparent platform.

## Consensus model

It is based on a consensus model "proof of diversity.” Proof of diversity necessitates active participation in the form of time and verifier behaviour in the blockchain to impact the system as a whole. The proof-of-diversity blockchain establishes the authoritative form of the blockchain through verification cycles. This is neither proof of work nor proof of stake. It is a new consensus mechanism that draws strength from diversity of participation. While proof-of-diversity has its own concerns that must be addressed in order to ensure the blockchain's integrity, it aims to overcome the problems inherent in [proof-of-work and proof-of-stake](/news/article/pos-vs-pow) systems while remaining efficient.

The NYZO network (Mesh) comprises "verifiers" who verify new blocks every 7 seconds in a circular pattern. The mesh is split into two groups: the "in cycle" and the "queue." Verifiers in the cycle build the actual blockchain network and earn money by verifying blocks in a circular order, while verifiers in the queue wait to join the cycle.

A new verifier is selected to join the cycle after every two full cycles by receiving votes from existing verifiers. This process is completely automated and random, and each verifier has the same chance of joining the cycle. This mechanism ensures the greatest possible diversity.

## Nyzo price

The current price of the coin is $0.022132417070, with a 24-hour trading volume of $25,023.81. In the last 24 hours, the price of has fallen by -4.7%. There are 21 million coins in circulation, with a total supply of 100 million.

The NFT-"Nyzo around the world" has a current floor price of 0.17ETH. 

## Is Nyzo a worthy investment?

The forecast for the coin in 2022 is Bearish, based on multiple [technical quantitative indicators](https://coincodex.com/crypto/nyzo/price-prediction#technical-analysis). This could indicate that the coin can be a risky investment in 2022. According to Nyzo price prediction, the price will rise by 4.33% to $ 0.023112 by August 25, 2022. However, before deciding whether to buy or not, it is critical to consider both technical factors and study the market before investing. 



The ultimate Nyzo blockchain ecosystem guide

So you've been hearing a lot about cryptocurrencies and want to get in on the action, but you're not sure how? One way to start is by getting a crypto debit card.

There are a lot of crypto debit cards on the market, so it can be hard to know which one is right for you. That's why we've done the hard work for you and compiled a list of the best crypto debit cards in the U.K.

Topping our list is the [Revolut](/news/article/revolut-news-approved-eea). This card allows you to buy, hold and exchange 25 currencies, including Bitcoin, Ethereum, and Litecoin. It also offers free international ATM withdrawals and no exchange fees.

Next up is the [Coinbase](https://www.coinbase.com/card). This card allows you to spend your Bitcoin, Ethereum, Litecoin, and Bitcoin Cash anywhere that is Visa accepted. It also comes with 0% foreign transaction fees and no annual fees.

Finally, we have the [Wirex](https://wirexapp.com/en). This card is unique because it offers both traditional Visa and Bitcoin debit cards. It also comes with 0% foreign transaction fees, a contactless payment option, and mobile app support.

## What Are the Benefits of Using a Crypto Card?

There are a few benefits of using a crypto debit card. Firstly, it's a tremendous offline crypto wallet to store multiple currencies. It allows you to securely store your coins offline, which is vital for keeping them safe from theft or hacking.

Another benefit of using a crypto debit card is that it makes spending your cryptocurrencies easier. You can use this to buy goods and services online or in-store, just like you would with a regular debit card. This is a convenient way to use your coins for everyday transactions.

## How to use a crypto debit card

So, you've decided to buy a crypto card! Well done! These handy little cards make it easy to spend your cryptocurrency in the real world. But before you can start spending, you need to know how to use them.

### Here's some steps on how to use your crypto debit card:

1. First, make sure the crypto debit card is linked to your wallet.

2. Next, add funds to your card by transferring your cryptocurrency into the card's account or buy your digital currencies on the issuers application.

3. Once your crypto debit card has been funded, you can start spending! Some issuers require you to sell and convert your digital currency to fiat before spending and others will do the your digital currency to fiat conversion at spot on your behalf if your account is only funded in crypto. Just look for the merchant's logo and tap 'pay' on your card terminal.

4. Your funds will be transferred immediately to the merchant and you'll receive a digital receipt for your purchase. 

Easy!

 



What are the best crypto debit cards in the UK?

US study suggest that blockchain learning should become mandatory in schools so that students can "learn about the future of the world's economy."

Parents and college graduates were screened to ensure they had an ample level of knowledge of blockchain technology, cryptocurrency, NFTs, and the Metaverse before they were allowed to participate in the survey. Anyone who didn't understand the topics was disqualified from participation. 884 American parents and 210 US college graduates participated in the survey.

According to a [new survey](https://study.com/resources/crypto-education.html) from the online educational platform Study.com, 64% of parents and 67% of college graduates surveyed believe that cryptocurrencies should be included in mandatory education.

Both sample groups had slightly different opinions on blockchain learning. Between 25%-40% of respondents agreed that courses on  blockchain, the Metaverse, and nonfungible tokens (NFTs) should be included in the curriculum.
 
![blockchain learning.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/blockchain_learning_fab5cdbd4e.png)

Source: ([Study.com, 2022](https://study.com/resources/crypto-education.html))

## Survey Result

The survey result coincides with rising interest in and use of cryptocurrencies in the US. According to the survey, parents and college graduates who have invested in cryptocurrencies are likely to make financial contributions to their children's education. 

Over three-quarters of parents who hold cryptocurrencies make an average contribution of $766 in their children's blockchain learnings, while over three-quarters of graduates who have invested in cryptocurrencies spend an average of $1,086 on education.

The survey also revealed that both groups thought that understanding "the future of the world's economy" and ways to "diversify investments, create opportunities, and grow an investing mind" is most crucial.

## Universities are adding blockchain learning to their curriculum

Several American universities have started offering introductory courses on [blockchain](/articles/learn-moni/what-is-blockchain) technology and cryptocurrency applications, including Arizona State University and the University of Connecticut. According to Marianne Lewis, a professor at Connecticut University, the 14-week elective course at the university is intended to teach students "how to manage cryptocurrencies and how such digital assets impact our economy."

Prestigious universities like Harvard University and the Massachusetts Institute of Technology (MIT) have started to offer similar courses.



US parents want blockchain learning in school

Invesco, a global asset management firm, has [launched a $30M Metaverse-focused investment fund](https://www.cryptotimes.io/invesco-launches-multi-million-dollar-metaverse-fund/).
 
Registered in Luxembourg, the Invesco Metaverse Fund has around $30 million in capitalization. The Metaverse is a network of immersive 3D worlds and online communities where people interact using virtual reality headsets and augment reality.
 
The Metaverse fund will be invested in large, medium, and small-cap companies across the Metaverse Value Chain, which "encloses many different interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds."
 
According to Tony Roberts, a fund manager at the investment firm, The interconnectedness of the Metaverse "will probably have a transformational effect across businesses as diverse as healthcare, logistics, education, and sport," noting a PWC December 2020 report that estimates virtual and augmented reality has the potential to add $1.5 trillion to the world economy.
 
Roberts continued, “We will aim to take advantage of these possibilities in a selective, valuation-conscious manner”.

## 7 core investment areas

The Invesco Metaverse Fund is an actively managed fund that will invest in seven key core areas, including:

1)	hardware and devices that provide [Metaverse](/news/article/farming-games-in-metaverse) access
2)	next-generation operating and computer systems
3)	hyper-connected networks
4)	artificial intelligence
5)	blockchain solutions
6)	interchange tools required to achieve system interoperability
7)	Other services and assets that will aid in digitizing the real economy.

All of these areas of focus are envisaged to plug together to form the Metaverse and next generation of the internet, also known as Web 3.
 
 
In March 2019, Invesco launched its first blockchain-related exchange-traded fund (ETF) on the London Stock Exchange. The firm was also actively seeking to launch several Bitcoin-related ETFs in the United States but to no avail.
 
Invesco partnered with crypto indices provider CoinShares in November last year to launch its first European exchange-traded product (ETP) backed by physical Bitcoin.

Fund investing is a great way to get exposure to companies involved in providing the picks and shovels needed to create the Metaverse, and that is where Invesco see’s the market opportunity which will appeal to investors.


Invesco launches $30M Metaverse fund

The proposed Australian crypto regulation plan unveils the world's first token mapping of digital assets, ranging from Bitcoin to [Dogecoin](/coins/doge), as an audit procedure to accelerate the regulatory framework for its crypto ecosystem. Token mapping is the process of determining the characteristics of all available digital tokens in the country.

## Australian crypto regulation to implement token mapping

According to Treasurer Jim Chalmers, Australia is seeing increased crypto activities and advertisements. Token mapping will allow the government to identify the characteristics of digital currencies used within the jurisdiction and develop a better regulatory strategy for them.

"As it stands, the crypto sector is largely unregulated- we need to do some work to get the balance right, so we can embrace new and innovative technologies while safeguarding consumers," he stated.

In addition to prioritising token mapping this year, the Australian government plans to review the country's current regulatory and licensing frameworks for service providers. They also intend to review the custody requirements for digital asset custodians to ensure local users' safety.

Jim Chalmers stated: "With the increasingly widespread proliferation of crypto ¬assets- to the extent that crypto advertisements can be seen plastered all over big sporting events- we need to make sure customers engaging with crypto are adequately informed and protected."

## Cryptocurrency adoption in Australia

Australia is one of the crypto-friendly jurisdictions where the adoption and ownership of digital assets has been skyrocketing. Digital currency adoption in the country increased by more than 56% between 2022 and 2021, according to a [Banklesstimes report](https://www.banklesstimes.com/cryptocurrency/cryptocurrency-adoption-statistics-in-australia/). According to a Finder.com report, more than 22% of Australians own digital currency, which is higher than the global average of 15%.

Australia's central bank launched a one-year pilot programme for its digital currency earlier this month to assess the business benefits and potential drawbacks of launching a CBDC.



Australia's crypto regulation plan explained

The [HypeBears NFT](https://nftdroops.com/nft/hypebears/) is a collection of varied digital artworks that are based on a bear graphic. They are composed of low-resolution visual art, with the bear serving as the main character in each piece.

The art collection can be bought via the primary NFT marketplace OpenSea. Payment must be made in [ETH](/coins/eth) by the user. Each NFT in the collection has a unique look. The costumes and backdrops in the digital art determine the worth of the collection. The more expensive the NFT, the rarer it is.

## HypeBears NFT overview

The HypeBears NFT features a set of 10 thousand static and animated 3D images of bears designed by Ernest Siow. The [Discord platform](https://discord.com/) of the digital art has a large community of aficionados from all around the world. 

According to Ernest Siow, HypeBears will be more than just an art project; they aim to make it a self-sustaining social club. The objective is to guarantee that the project provides a long-term benefit to all stakeholders. Ernest further mentioned in the press release that the initiative is unlike any other and that the movement is real and boundless.

By holding a HypeBear NFT, you will have unlimited access to an elite social club with a range of privileges, such as real-world utilities and whitelists in cooperative projects. The creator believes that the current achievement is merely the beginning of far greater things to come.

As HypeBears makes headlines with its sales volume in the coming weeks, the team is already planning the launch of a governance token ($HYPEB). With the token, HypeBears may boost the degree of innovation in the NFT business while also influencing how holders interact with the assets. You will be able to engage in ecosystem conversations and give your opinions on the project's future as a token holder. You may also stake the $HYPEB token to generate passive income.

## Is HypeBears NFT a promising investment?

The team is actively striving to collaborate with fashion labels. Although it is still in its early phases, brand agreements and partnerships have already been established to ensure that HypeBear NFTs are more than simply about digital art.

They intend to diversify into fashion, technology, and toys.

HyperBear is undoubtedly poised to 'wow' the whole NFT space. As the partnerships and collaborations begin to materialise, the value of the assets might skyrocket. 

Considering all this, we anticipate that HypeBears will emerge as the next big boom in the market. The NFT art has presented positive returns in the past and a completely new ecosystem to interact with the artists’ work.



Comprehensive guide on HypeBears NFT project

Timeless is a collection of avatars that will serve as playable characters within Treeverse, an upcoming blockchain-based massively multiplayer online role-playing game (MMORPG). Timeless grants you a distinct look in the game. Over 11,111 avatars will be created in total. There will be no public auction. Instead, on the release day, community members will be able to purchase an avatar for 0.222 ETH. Timeless crypto avatars are free for NFTrees holders.

The creators of Timeless crypto NFT, Loopify, has also stated that Timeless is aspiring to become a brand. He also mentioned anime, manga, and figurines without providing a particular plan.

Treeverse released pixelated copies of the project's Timeless avatar NFTs in April 2022. The new collection is non-dilutive and available online.

All Timeless characters have a 3D avatar that may be used as a metaverse avatar inside Treeverse, the sci-fi and fantasy-themed play-to-earn MMORPG created by Loopify and Mooner Labs. The characters are cel-shaded, 3D rigged, and animated, so they may be utilised on numerous platforms.

## How to buy Timeless Characters?

Follow the instructions below to buy the required Timeless Characters NFT collection on the OpenSea platform.

1. Navigate to the marketplace and click the "Download" option.
2. Complete the signup process and create your own account on the platform. 
3. Consider a strong password to secure your account.
4. Before you agree to the terms and conditions, carefully read them.
5. Log in to OpenSea and add your crypto wallet.
6. For a bank transfer, click the "Buy" button.
7. Indicate how much money you are willing to pay (USD).
8. Fill in your payment card information and confirm the transaction.

Timeless Characters now has a price floor of 0.4 ETH and a 24-hour trading volume of 5.0212 ETH with ten sells. Timeless Characters' price floor has dropped 1.44% in the previous 24 hours. The average selling price for 7D is 0.5138 ETH, the highest sale price for 7D is 2.00 ETH, and the lowest sale price for 7D is 0.3104 ETH. With a floor cap of 3,768 ETH, the project is presently ranked #103 in NFT Price Floor. It has a 3.73% listed ratio and a maximum supply of 9,421.

Considering the Timeless crypto NFT [market cap of $7,123,381.76](https://www.coingecko.com/en/nft/timeless-nft) and the current demand in the NFT, it can be considered a promising investment for the future. 

Before proceeding with your decision to buy the NFT, here are a few things to consider:
First and foremost, conduct deep market research. Second, examine the current market circumstances. Thirdly, think of whether it is beneficial to invest in the NFT right now. These are entirely views of the author and must not be perceived as financial advice. 







What is Timeless crypto NFT?

The Dogetoshi cryptocurrency is deployed on Binance Smart Chain(BSC BEP-20). It is a digital currency that uses peer-to-peer blockchain technology to facilitate instant payments.

Overall, the coin is still a relatively new cryptocurrency, and there is a lot of speculation surrounding its future. This new digital currency is quickly gaining popularity.

Dogetoshi also launched its NFT collection on Binance named [Dogetoshi Doge Mato](https://www.binance.com/en/nft/collection/dogetoshi%2520doge%2520mato-596771369291182081?orderBy=list_time&orderType=-1&isBack=0&id=596771369291182081&order=list_time%40-1). The floor price of the NFT is $100.98. The NFT collection is gaining huge popularity among its fans and its demands are rising. 

The Twitter account of the coin talks a lot about happenings in the crypto space. It is among one of the most trending twitter accounts in crypto space.

## How is the Dogetoshi crypto coin different from other coins?

The cryptocurrency aims to rebuild the traditional payment network with the help of blockchain, which enables programmable payments and the creation of open financial infrastructure. To facilitate the entire process, it uses a basket of fiat-pegged stablecoins algorithmically stabilized by its reserve currency, DOGETOSHI.

## How to buy Dogetoshi crypto tokens and NFTs?

There are several ways to store cryptocurrencies and NFTs, but the two most popular are through a [digital wallet](/news/article/crypto-wallet-multiple-currencies) or an online exchange.

A digital wallet is a software program that stores your cryptocurrencies and NFTs. You can use it to create transactions, check your balance, and view your transaction history.

Several crypto wallets are available, both online and offline, which you could utilize for this purpose. Once you have chosen a wallet, you can purchase and store cryptos and NFTs.

An online exchange is a website where you can buy and sell cryptocurrencies and NFTs. It allows you to buy Dogetoshi with a traditional currency like dollars or euros and then store them in your online wallet. 

To buy Dogetoshi crypto coins, you could use cold wallets as well.

Next, you must find a reputable exchange to purchase the crypto tokens. There are many to choose from, but not all are legitimate. Be sure to do your research before selecting an exchange. Once you register with an exchange, you can buy Dogetoshi coins and NFTs.

## Is Dogetoshi a suitable crypto investment for me?

Here are a few things to keep in mind before you make your decision of purchasing the crypto token:

First, do your research. Secondly, consider the market conditions. Is the coin worth investing in right now? Thirdly, think about how long you will hold onto the coin. Fourthly, decide whether you're comfortable with the risk. It is advised never to invest more than you are willing to lose (5%-10% of your portfolio). Finally, consult with a financial advisor if you're still not sure what to do.



How to get started with Dogetoshi

Ukrainian Deputy Prime Minister revealed that the crypto community had contributed [$54 million in crypto funds](https://cointelegraph.com/news/aid-for-ukraine-s-54m-crypto-fund-buys-vests-scopes-and-uavs) through "Aid For Ukraine" initiative to support the country's military efforts against Russia.

On Thursday, Ukrainian Deputy Prime Minister Mykhailo Fedorov's disclosed via his Twitter post that the $54M was channeled through the Ukrainian government-run initiative "Aid For Ukraine."

The crypto fund initiative operates by transferring cryptocurrency to the crypto exchange FTX, which converts cryptocurrency into fiat currency, which is then withdrawn and transferred to the National Bank of Ukraine.

## Funding received and its usage by Ukraine

According to Ukrainian Ministry of Digital Transformation, the initiative received $54 million in the form of 595 [Bitcoin](/coins/btc) worth $13.9M, 10,190 Ether worth $18.7M, USD Coin worth $2.2M, and Tether worth $10.4M.

The cryptocurrency payments have gone toward military equipment, hardware, and munitions, including unmanned aerial vehicles (UAVs) worth $11.8 million, which are typically used to locate enemy troops and targeted attacks.

Among other army and medical accessories, the donations also included $6.9M for armour vests, $3.8M for field rations, $5.2M for anti-war media drive, and $5M for "weapons of the Ministry of Defense request.”

"Crypto is playing a critical role in Ukraine's defence," said Deputy Minister of Digital Transformation Alex Bornyakov on the government-affiliated donation website.

Founder of the Ukrainian crypto exchange KUNA Mike Chobanian added that the crypto community's contributions had demonstrated blockchain technology's influence on nation-states, claiming that it can serve as a "backbone of global security" in times of crisis.

However, the Aid For Ukraine crypto fund is not the only campaign raising funds to support Ukrainian defence efforts. The Reserve Fund of Ukraine, Come Back Alive, UkraineDAO, and Unchain Fund have also contributed funds in the seven-figure range. However, the amount of cryptocurrency-based funds they've received hasn't been disclosed since March 2022.



Crypto has funded $54M to Aid for Ukraine

Monkey NFT- the [Bored Apes](/news/article/bored-ape-nft) are a collection of 10,000 illustrated ape pictures.  Each picture features a colourful background and a photograph of an ape. 10,000 distinct NFTs of the apes are created by changing and combining their various traits. There are several variations for every aspect of the image. Hats and clothing are not the same. Teeth and eyes are interchangeable, as are their moods. 

This collection of pictures are purchased, sold, and traded as NFTs. Each of the many traits, characteristics, assemblages, and designs contributes to the development of an ape with a specific value. The NFTs are regarded as securities, and the market determines how much they are worth. They could skyrocket in value or they might vanish at any time. 

## How to purchase Bored Apes NFTs?

1.	Create an online account

[BAYC](https://boredapeyachtclub.com/#/) runs on the Ethereum network. As a result, buying Ethereum is the first step in getting an ape. Create an account on a trading platform to achieve this. Gemini Trust Co., Coinbase Global Inc., and eToro are the best exchange platform despite the wide range of options available because of their security, usability, and affordable costs.

After you've created an account on one of these exchange platforms, fund it by buying ETH. You will, however, require a place to keep your ETH and NFTs.

2.	Purchase or download a cryptocurrency wallet

A [cryptocurrency wallet](/news/article/crypto-wallet-multiple-currencies) is required for both buying and storing NFTs. The most popular software crypto wallet for OpenSea- the exchange where most investors purchase and sell NFTs, is MetaMask. For convenience, OpenSea may be downloaded for Google Chrome and added as an extension.

3.	Send ETH to crypto wallet

You must transfer ETH you have on a trading site to your wallet. You must locate your Metamask wallet address in order to accomplish this. You can find a string of 64 letters and digits in your wallet. Copy this address and paste it into your trading platform's "Send" section. Send the specified amount, then complete the transaction.

Ethereum is now running slower and costing more than normal. As a result, ETH may take 30 minutes to reach your wallet and cost you hundreds in gas. When compared to the cost of an ape, these fees are modest.

4.	Purchase your desired monkey nft

Go to OpenSea once you have ETH in your wallet. Find the NFT you want to buy and connect your wallet. You can buy the NFT instantly if it has a "buy now" price. You may also place a bid on the ape if one has been placed and wait for the seller to accept. The NFT will be saved in your wallet after the deal has been completed.






How to buy the monkey NFT- Bored Ape

Truth in Advertising (TINA.org), a watchdog organisation for consumers, has accused 19 celebrities, including Justin Bieber, of [NFTs promotions without declaring their affiliation](https://cointelegraph.com/news/19-celebrities-called-out-by-consumer-watchdog-group-for-shilling-nfts) with the projects.

On its website, the non-profit group has claimed to have looked into "celebrities that advocate non-fungible tokens (NFTs) on their social media platforms" and discovered that "it is a sector replete with fraud."

The celebrities include Justin Bieber, Floyd Mayweather, Tom Brady, Eminem, Snoop Dog, and Gwyneth Paltrow. All of the celebrities have received letters requesting that they immediately disclose any material connections they may have with NFT companies or brands they have promoted.

While no legal penalties have been imposed, the non-profit organisation stated that it sent letters to the celebrities involved, detailing their objections and informing them of the harmful effect shilling NFTs may have on the public.

One of the key concerns expressed by the group in the letters is that the potential financial risks connected with investing in such speculative digital assets are not acknowledged.

TINA.org addressed letters to the legal teams of Reese Witherspoon and Justin Bieber for NFT promotion on their social media profiles without revealing their affiliation to the initiatives.

Bieber's legal team responded, denying any wrongdoing but indicating that the posts would be corrected.

Witherspoon's legal team approached TINA.org, stating that the actress is not materially benefitting in any way from promoting the NFTs in question.

## TINA.org highlights FTC guidelines

According to TINA.org, the above-stated celebrities could violate the Federal Trade Commission's (FTC) guidelines on using endorsements and testimonials in Advertising.

The advocacy organisation refers to the FTC website, which states that influencers must disclose any substantial ties to the products they promote. The disclosures must be clear, straightforward, noticeable, and contained within the endorsement.

So far, there hasn't been a publicised example of a celebrity incurring legal consequences for promoting NFTs or cryptocurrency.

Several class action lawsuits are pending, most notably against [Elon Musk for supporting Dogecoin](/news/article/elon-musk-dogecoin) and Mark Cuban for promoting crypto offerings and services by Voyager.



Criticism of Justin Bieber NFT promotions

Fishing Town Token is a fully decentralised blockchain-based game that allows you to catch fish and trade them with other players using the native token, FishingTownGilToken (GIL).

Fishing Town Token is unique because it's one of the first games to use [Non-Fungible Tokens (NFTs)](/news/category/nft-news). These special tokens mean you have complete ownership over your JPEG.

## Fishing Town Token- new NFT game everyone's talking about

[Fishing Town](https://fishingtown.io/) is the new NFT game that's got everyone talking. In this game, you are a frisky child who aspires to become the "Grand Master Fisherman.”

Fishing Town Tokens are based on Binance Smart Chain(BSC), so check it out! The BSC enables users to deploy their dApps and digital tokens on a single blockchain. These features make the BSC  protocol ideal for the Fishing Town game.

In Fishing Town, you can catch virtual fish and trade them with other players on the EpicNPC marketplace. It's fun to connect with others and show off your fishing skills.

At first, you need to select a map, face the water, and catch fish with the help of your rod. Then, you need to drag the fish up. After this stage, you can reserve or sell the fish for a profit on the NPC marketplace.

Fishing Town Tokens are a great way to get started with collecting NFTs. It's easy to use and there are plenty of ways to win big!

The first phase of the game provides you with four locations on the map: Sokonashi Lake, Eien River, Rikedom the Sea, and the Mikoshi. In the game, you can buy and sell property, go fishing, and collect rewards from the local businesses. There are also exclusive Fishing Town items that you can only get by playing the game and not just buy with your tokens.

You'll need to use a virtual rod and reel to catch a fish.

Like in real life, you'll need to cast your line and wait for a bite. When you do, you'll need to reel the fish in as quickly as possible. The longer you take, the more likely the fish will escape.

If you're lucky, you'll catch a big one! But be careful because if you reel in too fast, you might break the line.

## Trading in Fishing Town

Here's the cool thing: you can trade your fish with other players for virtual fish or other items in the game. For example, you might find a fish you want to keep but don't have the space to keep it. No problem! You can trade it with another player for something that you need. Or, you could trade it in for a new fishing rod or GIL tokens to buy other items you desire in the game. It's up to you!

And if you're new to the world of NFTs, don't worry—Fishing Town Token is a great way to get started. The game is easy to learn, and there are plenty of opportunities to earn rewards and advance to higher levels. 

## Bottom line

If you're looking for a fun and exciting new way to get involved in the world of NFT gaming, Fishing Town is the game for you! With its early stage fishing gameplay and pixelated graphics, Fishing Town is sure to provide entertainment for players of all ages.




The renowned NFT game: Fishing Town Token

Reddit crypto involvement has expanded with the announcement of a collaboration with cryptocurrency exchange FTX.

The partnership allows users to manage community points. It also enables users to buy Ethereum cryptocurrency via integration with FTX.

FTX, the [cryptocurrency exchange](/news/article/best-crypto-exchange-uk-reddit) run by billionaire Sam Bankman-Fried, this week confirmed that Reddit users can now manage their blockchain-based community points via the company's payment system, FTX Pay.

As part of the partnership, FTX Pay will be integrated as a payment and cryptocurrency exchange service, enabling new benefits for Reddit Community Points.

## Reddit Crypto Engagement

In 2020, Reddit introduced community points as a means to reward members for engaging with a community. These points are held in the "Vault," a user's blockchain-based wallet that also stores the collectible NFT (non-fungible token) avatars that Reddit unveiled last month. These community points are based on the Ethereum blockchain.

Reddit offers a variety of options to utilise community points, including earning community-specific memberships, voting on issues, recognising creators on the site, and submitting tips. 

Community points are shown next to a user's username as a measure of their reputation on the site. Community points can currently only be used by members of the two subreddits r/Cryptocurrency and r/ForniteBR, but Reddit wants to open it up to more communities eventually.

As community points are stored on the Ethereum blockchain, utilising them will result in gas costs or the price of making a transaction on the Ethereum blockchain.

This entails paying a charge in Ethereum, which some users might not have or may not know how to use. The Reddit partnership with crypto exchange FTX means users can now convert fiat currency (a nation's official currency, such as USD) to Ethereum to pay for those charges. That makes community points more accessible for individuals who may not be familiar with cryptocurrencies.

The FTX-Reddit crypto integration might be seen as Bankman-Fried's bet on the stability of the meme stock phenomena, which started on Reddit.



Reddit Crypto Exchange Partnership with FTX

Cross-chain bridges have been the focus of many attacks this year. New data from blockchain analytics firm Elliptic claims that one of the cross-chain bridges, Renbridge, was [used in the laundering of more than $540 million](https://hub.elliptic.co/analysis/cross-chain-crime-more-than-half-a-billion-dollars-has-been-laundered-through-a-cross-chain-bridge/) in illegitimate crypto assets.

According to Wednesday's study, RenBridge, a crypto bridge, has assisted the laundering of at least $540 million in illegal profits since 2020 using a method known as chain hopping. This involves turning one type of cryptocurrency into another and transferring it across various blockchains.

Decentralised cross-chain bridges, according to Elliptic, give "an uncontrolled alternative to exchanges for moving currency between blockchains".

## Cross-chain Bridge Exploits

Cross-chain bridges, also known as blockchain bridges, are mainly utilised for lawful reasons, allowing users to exchange cryptocurrency effortlessly between blockchain networks.

Users often deposit tokens from one chain to the bridge protocol, which is locked into a contract, after which the user receives the equivalent of a parallel token in another chain.

Elliptic warns that these bridges have also been used to launder criminal earnings by ransomware gangs, exploiters, and hackers. It says RenBridge accounts for at least $540 million in laundered proceeds since 2020.

According to the firm, at least $2.4 million in crypto assets stolen during the Nomad attack on August 2 passed across the cross-chain bridge.

Elliptic also revealed that assets from decentralised finance (DeFi) services worth at least $267.2 million had been laundered through the cross-chain bridge in the past two years. It adds that a chunk of the $80 million stolen from the Liquid Global exchange last year, reportedly by North Korea, used RenBridge cross-chain platform.

So far, the Conti ransomware gang, which notoriously struck the Costa Rican government in June, has laundered more than $53 million using RenBridge.

RenBridge is also said to be popular with Russia-linked ransomware operations, with $153 million in ransomware being laundered through the site.

Tornado Cash, a decentralised mixer meant to disguise the sources of cryptocurrency, was [sanctioned earlier this week](/news/article/tornado-cash) by the United States Treasury department. The authority took similar action in May with the mixer Blender.io. The US Treasury noted suspected exploitation by North Korean cyber organisations in both instances.

Additional digital services, such as privacy and censorship avoidance, can be used for illegal and non-criminal objectives. However, DeFi is particularly vulnerable to theft and hacking, and finding chokepoints might benefit security experts and governments.


RenBridge Used to Launder $540M

The Binance Smart Chain protocol is a blockchain technology that provides developers with a way to create their own decentralized applications. It's based on the Binance Chain, which is the mainnet that Binance uses to issue and trade its own cryptocurrency, Binance Coin (BNB).

Developers who want to use the Binance Smart Chain protocol can do so on a white label basis. This means they can create their own applications using the protocol, and they don't have to use the Binance name or branding.

## How does the Binance Smart Chain protocol work?

With a Proof-of-Stake consensus method, Binance Smart Chain achieves block times of under three seconds. For example, participants stake BNB to become validators in a process known as Proof of Staked Authority (or PoSA). They will be compensated with transaction fees from the transactions contained in the block if it is proposed.

Because BNB is not inflationary, it should be noted that, in contrast to many protocols, there is no block subsidy of newly created BNB. On the other hand, because the Binance team often conducts coin burns, the quantity of BNB gradually diminishes over time.

The Binance Smart Chain protocol is a developer's dream come true. It allows them to create their own blockchain platforms that are powered by BNB, the native token of the Binance exchange.

## Here's how it works for developers: 

Developers can create their own smart contracts on the Binance platform and then use BNB to power them. This is a huge step forward for the blockchain world, as it opens up a whole new level of flexibility and customisability for developers.

And it's not just developers who can benefit from the Binance Smart Chain protocol—businesses can also use it to create their own blockchain platforms. This allows them to bypass the need for expensive and time-consuming custom development, which is great news for small businesses who want to get in on the blockchain action without breaking the bank.

The Binance team has created an incredible platform that's opened up a whole world of possibilities for developers and businesses alike.

## What is a BNB coin?

Binance Coin (BNB) is the trading token for the Binance cryptocurrency exchange. It was initially introduced on the [Ethereum](/coins/eth) blockchain before moving to the Binance Smart Chain, currently known as the BNB Chain.

## Current BNB price

As for the current BNB price, it's hovering around $318.27 and has an estimated market cap of $ 51.35B. BNB has increased by 5.99 percent during the past 24 hours. It has a USD 161.34 million circulating supply. 


What is the BSC protocol BNB price?

A cryptocurrency exchange is a platform for purchasing and selling crypto coins and tokens such as Bitcoin, Ether, and USD Coin (USDC).

Crypto exchanges function similarly to brokerage systems that you may be more familiar with. Each service provides a platform via which you can establish various order types to buy, sell and lend cryptocurrencies.

Crypto exchanges can be either centralised, which implies a single corporate authority manages them, such as a brokerage business, allowing both listed securities (centralised finance) and digital assets (decentralised finance). 

Decentralised exchanges, similar to cryptocurrency blockchains, frequently grant verification rights to anybody wishing to join a network and confirm transactions. This encourages accountability and openness while also ensuring that the exchange can continue operating if the corporation that manages the exchange cannot do so.

## How do I create a cryptocurrency exchange account?

Visit the crypto exchange’s website or download its app to establish a crypto exchange account. Each cryptocurrency exchange has its own registration procedure. You may be able to open an account and buy and sell modest quantities of cryptocurrency without validating your identity or entering much personal information. However, as the sector has expanded, methods to combat money laundering and fraud have been implemented. In general as part of know your client (KYC) requirements, you must provide:

1.	Name
2.	The birthdate
3.	The postal address

You may also be required to provide picture documentation to prove your identity.
When it comes to crypto, everyone is looking for the safest and most reliable way to invest and trade. Several different exchanges are available, but not all are created equal.

This post will review the top five best exchanges for crypto in the UK. We’ll review the pros and cons of each and how to use them. So whether you’re a beginner or a seasoned trader, this post has something for you.

## Coinbase

Coinbase was established in 2012 by Brian Armstrong and Fred Ehrsam and is based in San Francisco, California.

Coinbase has built a large user base thanks to its user-friendly interface, reliable platform, and robust security features. It supports a number of cryptocurrencies including [Bitcoin](/coins/btc), Ethereum, Bitcoin Cash, and Litecoin transactions and has over 20 million users.

While Coinbase is a reliable exchange, it does have some downsides. For example, its fees are relatively high, and it doesn’t support as many cryptocurrencies as some competitors.

## Gemini

Gemini is a name that often comes up when choosing a reliable crypto exchange. This platform was founded by the Winklevoss twins (of Facebook fame) and is one of the most respected exchanges in the world.

Gemini is known for its security and compliance measures, as well as its customer service. The platform has a user-friendly interface and allows buying and selling of most of the cryptocurrencies, including, Bitcoin, Ethereum, and Litecoin.

## Kraken

Kraken, one of the most popular crypto exchanges, offers many cryptocurrencies. It’s been operating since 2011 and is considered one of the most reliable exchanges.

Kraken has a relatively high minimum deposit amount, so it may not be ideal for beginners. However, its features, such as a user-friendly interface, high liquidity, and security, make it a popular choice for experienced traders.

## Binance

Binance is among the most popular crypto exchanges in the world. It’s known for its fast transactions, low fees, and wide selection of cryptocurrencies.

Binance has suffered a few outages in the past, but overall it’s been a very reliable exchange. The customer support is also excellent and offers a wide range of languages.

## eToro

eToro is a multi-asset exchange platform that allows users to invest in publicly listed securities such as equities and cryptocurrency assets, as well as trade CFDs. Over 120 cryptocurrencies are available on eToro, including prominent coins like Bitcoin, Ethereum, Tether, XRP, Binance Coin (BNB), and Solana. Opening an account with eToro is entirely free, and all new customers receive a free US$100,000 (£82,737) trial account to experiment with buying crypto and other assets before committing to trading or investing in them. eToro has a minimum deposit of only $10 (£8.27) for UK and US residents; however, it charges a 1% trading fee on every buy and sells order of crypto assets. 

For UK users, eToro provides the eToro Money app, which allows you to convert GBP to USD for free, lowering your foreign exchange expenditures. The platform also serves as a wallet for keeping your crypto currency holdings and enables simple cryptocurrency transfers from one exchange or wallet to another. There are [other fee’s](https://www.etoro.com/customer-service/help/1430821/which-fees-and-commissions-does-etoro-have/) that you should review before committing to use eToro as your broker.

## Bottom line

When picking a best crypto exchange, available in UK, it can be challenging to know where to start. With so many exchanges on the market claiming to be the best, it can be difficult to figure out which one is right for you. It’s better to conduct further research about available crypto exchanges and multi asset exchanges, know the pros and cons of each platform, and choose the one that suits your requirements best. 

Don't forget, Moni Talks will soon be launching Trade Moni- a brand new cryptocurrency trading and exchange platform, so keep your eyes peeled. 



Best UK exchanges for crypto trade and investment

Boohoo, a fashion brand founded in Manchester in the 2000s, has launched the [boohooverse](https://www.boohoo.com/page/boohooverse.html), a Web 3.0 platform designed to empower women in the digital arena. 

Boohoo predominantly collaborate with female-led NFT initiatives and artists. The brand’s future goal is to coordinate Boohoo NFT drops and celebrity partnerships to become a part of the metaverse fashion scene of the future.

With the second series of Boohoo NFT avatar clothing produced by four leading female digital artists, the fast fashion store is attempting to make the metaverse more female-friendly and inexpensive. The firm hopes to replicate the success of its debut NFT collection, which sold out in less than three hours and crashed its website.

Artists Amy Kilner, Reem El, Aoife O'Dwyer, and Shar.eth have designed 230 distinct artworks, some of which are standout fashion pieces from Boohoo's retail selection. Using these characteristics, the company generated a diversified generative collection of 30,000 avatars that reflect the variety of their community.

Boohoo first joined the metaverse with the release of its free boohooverse Access Pass, the first in a series of Boohoo NFTs created in collaboration with female artists and GMGN Labs on the [Polygon](/news/article/polygon-crypto) blockchain. The card, created by Amy Kilner, was claimed in 2.5 hours and caused massive surges in internet traffic, leading the website to collapse.

Signing up for the 'boohooverse' gets you more than just an attractive avatar and clothing. The fashion firm has worked hard to add value to its customers' purchases, making the metaverse more enticing and better value for ordinary people.

Future metaverse projects are discussed in a gated Discord community. This is where the brand actively engages with aficionados by holding community game nights, lounges for open topic discussions, and keeps customers in the know. It includes announcements on new events and product launches while being part of its Metaverse fashion lines. Access to boohooverse events is all included in the latest avatar collection.

Boohoo has more than 13 million social media followers and has worked with Megan Fox, Zendaya, and Paris Hilton.

## Investing in Boohoo NFTs

As prominent fashion brands continue to enter the metaverse and introduce NFTs to their fans, it appears that digital fashion is becoming "the next big thing."

Investing in boohooverse can be fun and interesting as the world moves towards digitalisation. The brand offers cost-friendly NFT collections and supports female empowerment in the digital space.
 
 
 
 



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