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.
 
 
 
 



Boohoo NFT Collection Launched by Fashion Brand

The co-founder of Ethereum, Vitalik Buterin, claims that [layer 2 rollups will soon cause transaction prices to drop](https://cointelegraph.com/news/vitalik-crypto-payments-will-make-sense-as-tx-costs-fall-to-mere-cents-kbw-2022) to fractions of a cent, making cryptocurrency payments "make sense" once more.

The Cointelegraph team reported on Buterin at Korea Blockchain Week (KBW) saying that blockchain data compression is the last obstacle to scaling down transactions to fractions of a cent.

KBW, Asia's largest blockchain event, started yesterday and runs until August 14 at the Grand Intercontinental, Seoul.
 
He said an example of the "solid work happening" is Optimism's layer 2 scaling solution for Ethereum. It has demonstrated results lowering the amount and cost of data in blockchain transactions by introducing zero-byte compression.

Buterin added that, although serving mainly as a speculative store of value, the primary use of [Bitcoin (BTC)](/coins) described in its white paper from 2008 was to offer a "peer-to-peer electronic cash system" that was less expensive than conventional payment methods.

He said that although this remained true until 2013, it was no longer the case by 2018 as usage grew and blockchain transactions became prohibitively costly.

According to the co-founder of Ethereum, scaling solutions, like the Lightning network in the case of BTC, will eventually lower the prices to fractions of a cent, allowing BTC and other currencies to serve this use case once again.

## Use Cases for Cryptocurrency Transactions

Buterin gave examples of where inexpensive crypto transactions will be beneficial.

He pointed to "lower income nations or regions where the present financial system is not very successful", saying it would provide residents with access to crucial payment structures via the internet, which is already being used despite the expense of international remittances.

In the context of Ethereum, he noted that inexpensive crypto transactions would aid in developing Web3 account management systems, non-financial applications such as domain name system (DNS) servers, and humanity proof of attendance protocols.



Crypto Payments to "Make Sense" with Layer 2 Growth 

When discussing cryptocurrencies, we cannot forget – Bitcoin (BTC), the most influential crypto coin. BTC is the most reputable and generally acknowledged cryptocurrency in the world. With its first-mover advantage and broad popularity, Bitcoin significantly impacts the whole crypto industry. Bitcoin dominance reflects Bitcoin’s effect on the cryptocurrency market.

[BTC dominance](https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/) is a percentage that shows how much of the total cryptocurrency market cap is made up of Bitcoin. It’s calculated by dividing Bitcoin’s market capitalization by the total market capitalization of all cryptocurrencies.

It can measure Bitcoin’s authority over the entire cryptocurrency market. It can also be used to see how various events or news announcements affecting Bitcoin may also affect the rest of the market.

## How does BTC dominance work?

BTC dominance is a metric that measures Bitcoin’s market capitalization as a percentage of the total cryptocurrency market capitalization. In other words, it’s a way to track how much influence BTC has over the entire cryptocurrency market.

It is determined by taking Bitcoin’s market capitalization and dividing it by the total market capitalization of all cryptocurrencies. This number is then expressed as a percentage. 

For example, if Bitcoin’s market cap is $100 million and the total market cap for all cryptocurrencies is $1 billion, then BTC dominance would be 10% (100 million / 1 billion).

BTC dominance can be used to track the popularity of Bitcoin over other cryptocurrencies. It can also identify opportunities and trends in the cryptocurrency market. For example, if BTC dominance is declining, it could be a sign that investors are reallocating from Bitcoin and towards other cryptocurrencies or asset classes.

## What are the benefits of BTC dominance?

There are a few benefits that are worth mentioning. Firstly, it gives investors and traders a clear view of the market and how different cryptocurrencies are performing. This can be helpful when making investment decisions, as you can see which currencies are in demand and which ones are on the decline.

This metric also makes it easier to trade cryptocurrencies. When all coins are grouped, it can be challenging to determine which currency is being traded and at what price. With BTC dominance, the prices of all the coins are converted into BTC and displayed as a percentage. This makes it easier to understand the market and make informed trading decisions.

Finally, it could have a positive impact on the overall crypto market. By reigning in the wild fluctuations that can occur when multiple cryptocurrencies are traded at once, it could help to stabilize the market and encourage more widespread adoption.

## Using BTC dominance to trade crypto

At any moment, BTC dominance is a sign of who has a firmer grasp on the market - whether investing in Bitcoins is profitable or whether altcoin investments offer bigger upsides. The ratio might reveal which currency has the most potential among Bitcoin and [Altcoins](/news/article/altcoins-to-watch-2022).

Check Bitcoin’s price patterns in that time frame after the trend around the BTC dominance ratio has been identified. Following that, a basic process may be utilised to develop a plan.

•	If the ratio rises and Bitcoin rises, purchase bitcoin.

•	If the ratio rises and Bitcoin falls, sell altcoins.

•	If the ratio is falling and Bitcoin is rising, then buy altcoins.

•	If the ratio declines and Bitcoin declines, sell Bitcoin.

Investors can find trading opportunities once the approach has been set.

Trading at extremes is another method. From 2018 to 2021, BTC dominance reached a high of 74 percent and a low of 35 percent. It is improbable that the ratio will rise above or below its previous highs and lows. A reversal is possible when the ratio approaches these historic highs and lows. As a result, there is a strong probability that the ratio will decline at an exceptionally high reading and vice versa. It is highly unusual for the dominance ratio to deviate from its normal range. As a result, when such a situation occurs or the ratio approaches certain levels, it provides strong trading possibilities.

Thus, the BTC dominance ratio can assist in identifying future trading opportunities.

## Bottom line

BTC dominance is a percentage that shows how much of the total cryptocurrency market cap is made up of Bitcoin.

Knowing BTC Dominance rate is essential because it can tell you a lot about the overall market and how people are trading. For example, if the ratio is high, Bitcoin is doing well, and people are investing in it. If the ratio is low, people are investing in other cryptocurrencies instead.

Keep an eye on BTC dominance to understand where the market is heading!




What is BTC Dominance?

The [senate bill proposed on Wednesday](https://www.protocol.com/bulletins/senate-bill-cftc-crypto) by Michigan Democrat Sen. Debbie Stabenow and Arkansas Republican Sen. John Boozman is the latest attempt in Washington to establish more defined government laws for digital assets. Under this law, the Commodity Futures Trading Commission would be given power over the markets for Bitcoin and Ether, the two major cryptocurrencies.

The CFTC and the SEC have been wrangling for control of cryptocurrencies. Tensions recently heightened when the SEC classified a list of crypto tokens as securities in an insider trading lawsuit, triggering public criticism from Caroline Pham, a CFTC commissioner.

## Senate bill could give clarification

The senate bill proposed could give some clarification. It would give the CFTC direct authority over tokens classified as "digital commodities." According to the bill summary, this covers bitcoin and ether.

Online exchanges and other businesses that assist in token trading would have to register with the CFTC. The bill would also mandate the CFTC to verify crypto businesses, avoid abusive trading practices, have adequate financial resources and appropriate cybersecurity safeguards.

The bill also acknowledges the role of other financial bodies in regulating digital assets that are not commodities but act more like securities or means of payment.

The emphasis on Ether and Bitcoin as commodities is consistent with the views of SEC Chair Gary Gensler, who has stated that most other tokens are likely to be securities.

However, the bill only briefly mentions the classification and uses the examples of Bitcoin (BTC) and Ether (ETH), which the SEC previously classified as commodities. In addition, the law states that any crypto assets that are not deemed as securities by the SEC may bear the CFTC's commodities stamp.

Rostin Behnman, the head of the CFTC, has been vying for a new authority to oversee digital commodities spot markets, where the assets are traded directly. The new legislation would give that power. The bill states that the CFTC would have "exclusive authority over any account, agreement, contract, or transaction involving a digital commodities trade."

A broader [crypto regulation](/news/article/us-sec-regulation) bill submitted in June by Senators Kirsten Gillibrand and Cynthia Lummis considers the CFTC to play a leading role in crypto regulation. Gillibrand and Lummis recently admitted that the complete legislative package was unlikely to pass this year but that some provisions, such as those defining the function of the CFTC, may go through Senate committees.



Senate bill to strengthen CFTC's crypto authority

Gucci, an Italian luxury brand, announced on Monday that it would [accept apecoin as a payment method](https://cointelegraph.com/news/gucci-becomes-first-major-brand-to-accept-apecoin-payments). The payment mode is currently only accessible in the United States because not many countries allow crypto to be accepted as a payment method. The brand is partnering  with Bitpay to make the payment option available. Bitpay is a cryptocurrency payment processing firm that has worked with numerous well-known companies to make cryptocurrency payments possible.

It is, however, Gucci's 12th cryptocurrency that they accept as payment. In May, the company announced plans to accept 12 crypto assets as payment options in 111 stores across North America. Bitcoin, Ethereum, Dogecoin, SHIB, Litcoin, Wrapped BTC, USDT, USDC, and many more were on the list.

Gucci has emerged as one of the few large companies to engage with cryptocurrency aggressively. In February, the Italian brand launched the "SUPERGUCCI" NFT collection in collaboration with the vinyl toy brand SUPERPLASTIC. The following month, it released the "Gucci Grail" NFT collection, targeted at owners of top NFT projects like the [BAYC](/news/article/bored-ape-nft). The brand is profiting from the current excitement in the cryptocurrency and NFT markets.

## Apecoin community reactions

ApeCoin's official Twitter page responded by stating that they are thrilled that Gucci will be the first large company to accept the cryptocoin for in-store transactions. Everyone is excited about this move because it is a community-driven initiative. As a result, it's not surprising that Twitter is flooded with tweets concerning Gucci's moves. Users have been seeing that more corporations are adopting the Web3 environment, and it appears that Gucci is ready as well.

Apecoin (APE) has experienced a rise in its general acceptance as a payment method. As the market has gained traction and the cryptocoin has witnessed some favourable developments, it has increased by about 50% in the previous month. It is currently trading at $7.32. However, the coin is still nearly 75% down from its ATH.



Gucci now accepts ApeCoin as payment

MetaMask security is at risk! According to a blockchain security firm Halborn, a new phishing attempt is targeting Metamask [cryptocurrency wallet holders](/news/article/crypto-wallet-multiple-currencies).

Cybercriminals and hackers are profiting on the cryptocurrency airgaps, and as various crypto  businesses grow in popularity, so does the number of frauds and other hacking events targeting cryptocurrency organisations and investors. Technical education specialist Luis Lubeck of blockchain security firm Halborn released [details](https://halborn.com/warning-active-metamask-phishing-campaign/) on how skilled fraudsters attack Metamask holdings via a new phishing effort.

## Look out for suspicious emails

The fraud involves scamming users with emails and convincing them to readily surrender their passwords. According to Halborn, the email appears real at first sight, with Metamask's header and logo proving its validity.

It also includes a message advising users about Know Your Customer (KYC) rules and ways to validate their wallets. However, after reviewing one such email, the blockchain security firm discovered many red flags.

The email had various typographical problems, as well as a bogus sender's email address with the site ‘metamaks.auction’. Halborn further stated that the server used to deliver the email had nothing to do with the legitimate Metamask organisation.

At the bottom of the email ,a ‘Verify Your Wallet’ request was placed which when clicked, directed users to dockwo.com - a domain unrelated to Metamask.

This fraudulent website prompted users to enter their password. According to Halborn, once the victim enters the required passcode, they are actually redirected to the real MetaMask website, which misleads the victim into believing that everything is in order, but the fact of the matter is that the details of their crypto wallet has already been exposed, and the scammers now have all the information they need to access the victim's digital assets.

Keeping in mind the MetaMask security, and fraudsters becoming more sophisticated, the security firm suggests users' to be extra safe, utilise 2FA in every account and update multi-layer security solutions.



MetaMask security at risk!

There are two types of crypto currency wallets, namely hot and cold storage wallets. Keys are used in hot wallets (a type of cryptography, like a password). They are produced or kept on a connected device and are less secure than cold wallets.

A cold wallet is a storage option that does not have internet access. They are also known as [Hardware wallets](/news/article/cryptocurrency-hardware-wallet) since they employ physical media, generally in the form of a USB stick. It is the most secure sort of wallet since hackers would need access to your device and the related PIN/Password.

There are several hot/cold crypto wallets for multiple currency storage in the market, making it difficult to select an ideal wallet for your crypto storage requirements. For your convenience, we have reviewed a curated list of top hot and cold crypto wallets to store multiple currencies in 2022.

## 1.	Coinbase Wallet
If you're new to cryptocurrency, the Coinbase wallet must be your go-to simple hot wallet. This is free, easy to use, and linked to the exchange, implying that these crypto wallets supports multiple currency storage. It supports hundreds of cryptocurrencies and is noncustodial, which means you keep ownership of your private keys.

## 2.	Trezor
When it comes to hardware wallets, the [Trezor](https://trezor.io/) is a name that is often mentioned. Developed by SatoshiLabs, this wallet is one of the most popular on the market, and for a good reason. It's easy to use, making it ideal for those who are new to cryptocurrency.

The Trezor can store a wide range of coins, including Bitcoin, Ethereum, and Litecoin, and can be used on both Windows and Mac operating systems. Plus, it integrates with a number of online exchanges and wallets, making it a great all-around option.

## 3.	Ledger Nano S
Ledger Nano S is one of the best hard wallets around. This small, USB-sized device is a secure way to store your cryptocurrency offline and can be used to sign transactions and check your balance.

The Ledger Nano S is a great option for those who want to keep their cryptocurrency safe. These wallets are hosted by third-party providers and offer a variety of features, including support for multiple cryptocurrencies, 2-factor authentication, and backup options.

## 4.	GreenAddress
When it comes to hardware and online crypto wallets, GreenAddress is a name that stands out from the rest. This wallet is well-known for its user-friendly design, security features, and support for multiple currencies.

One of the things that sets GreenAddress apart is its multi-signature technology. This means that you need more than one key to access your funds—even if someone gets their hands on your wallet, they won't be able to steal your coins. Plus, GreenAddress offers 2-factor authentication and a host of other security features to keep your funds safe.

If you're looking for a reliable and user-friendly online crypto wallet, GreenAddress is a great option.

## 5.	MetaMask
To trade your cryptocurrency, a hot wallet is necessary since it will make transactions easier and faster. With that in mind, [MetaMask](https://metamask.io/) has been popular among cryptocurrency traders since it provides fresh entry points into the Web3 realm.

MetaMask supports numerous Ethereum-based blockchain networks (including Binance), NFTs, and all Ethereum-based coins. It's a popular, simple wallet that works with everything built on Ethereum, which accounts for a sizable portion of the Web3 world. These qualities, when combined, provide it an advantage over competitor wallets.

You can use Metamask to store NFTs and other collectibles, as well as to swap or acquire tokens and coins in combination with a hardware wallet (such as Trezor or Ledger). So, if you want to learn more about NFTs and the metaverse, MetaMask is a good place to start.
There are a lot of different crypto wallets to store multiple currencies out there, and it can be tough to figure out which one is right for you. Hardware wallets are a great choice if you're looking for maximum security. They're offline, so your coins are safe even if the internet goes down, and they're immune to viruses and hacking attempts. Online wallets are great for convenience - you can access them from anywhere in the world, and they're perfect for small transactions or everyday use.

The choice of crypto wallets depends on the investors needs. Every investor is unique, so conduct extensive research on all of the crypto wallets that support multiple currencies on the market and choose the model that is most closely matched with your investment activity and goals.


Top crypto wallets that hold multiple currencies 

The [Lazy Lions NFTs](https://www.lazylionsnft.com/) were made available on August 7, 2021. NFTs are currently popular and in demand, and they are spread all over the world. NFT collections have gained enormous popularity. The Lazy Lions NFT collection, which operates on the Ethereum blockchain, is marketed on the OpenSea Marketplace. Non-fungible tokens (NFTs) are a hot topic right now, and for a good reason—the market is growing. Lazy Lions is one of the NFT projects booming in the market. Read on to discover all there is to know about the Lazy Lions NFT Collection.

## What are Lazy Lions NFTs?

10,000 different Lion NFTs, the one-of-a-kind digital treasures, make up the Lazy Lions collection. They operate on the [Ethereum](/coins/eth) Blockchain. Each Lazy Lion is unique; therefore, over 160 potential traits are produced programmatically, including attire, mane, expression, and many more. Lazy Lion NFTs are a collection of NFTs that feature a variety of drawn lions with unique qualities created by an algorithm.

Lazy Lion NFTs developed a community that started to drive up its price and make it a well-known NFT project outside traditional cryptocurrency venues on social media platforms. 


## How to purchase Lazy Lions NFT on Opensea? 


1.	You must first fund your wallet with crypto currency before you can buy your NFT. Ether, the native coin on the Ethereum blockchain, is used to buy and sell the bulk of NFTs on OpenSea. Make sure you have enough Ethereum (ETH) in your wallet to pay for the NFT in full as well as any additional costs, like gas. If your wallet needs to be refilled or you're running low on money, compare your options for buying ETH.

2.	You can use OpenSea to find your NFT. Consider browsing collections to assist in limiting your possibilities because OpenSea has thousands of NFTs listed.

3.	Transfer your ETH to a web3 wallet. One popular web3 wallet option is MetaMask.

4.	It's simple to buy the Lazy Lions NFT oversea. When you're ready to purchase, select the NFT you want to participate in by clicking the "Buy Now" button next to it. When making a purchase, OpenSea will show the complete price, including fees. After doing so, confirm the transaction in your MetaMask wallet.


A guide to Lazy Lions NFTs

[Dotdotdot NFTs](https://www.nft-stats.com/collection/dotdotdots) are causing quite a stir in the NFT markets. Their rising demand and expensive bids have sparked the curiosity of a growing number of individuals. This may be credited to the high quality of the artwork and the innovative design, which distinguishes it from other NFTs.

If you want to buy a Dot dot dots NFTs, you can only do so via Opensea.io. Before you do, read this article to learn more about Dot dot dots NFTs and understand the technical factors that influence its pricing.

## A Closer Look at Dot dot dots NFTs

Creators of Dot dot dots NFTs have chosen to share little information about the NFT on the internet. However, interested investors can read a small profile bio of the NFT on Opensea.io, stating the NFT as:

"Dotdotdots are strange cultish creatures that live inside solidity. They disguise themselves as decimals in the code and are rarely seen naturally by human eyes. They are often referred to as bugs, but their species is unknown."

A buyer can also directly mint a Dotdotdots NFT from the contracts. This is possible with the mint function, which costs 0.05 ETH. However, the mint feature can only be used five times per transaction.

The initial mint will produce 4360 Dotdotdots, with a maximum capacity of 10,000. As the quantity of Dotdotdots grows, so does the price of the mints. This is determined by the current market price of [Ethereum](/coins/eth).

## Where to purchase Dot dot dots NFTs?

Dotdotdots NFTs are available via Opensea.io. To buy NFTs from Opensea.io, go through the transaction process. To begin, you must establish an account on the website. You must provide all necessary information, such as your username, name, email address, and so on.

After you've created your Opensea.io account, you'll need an Ethereum wallet to pay for the transaction. However, the website also allows you to establish an Ethereum wallet using Metamask. To make purchases, you may also download the Metamask browser plugin.

## Conclusion

As the metaverse expands, so do the prospects for digital artists. Several NFTs, like the Dot dot dots NFT, have achieved unpredictability and become a tipping point for most investors. If you want to invest in or purchase an NFT for your personal collection, you may start with Dotdotdots.





What are Dot dot dots NFTs?

The world of blockchain is one of the most exciting and innovative industries today. If you're looking for an internship in this field, you're in luck – because there are dozens of opportunities out there!

But before we get into the specifics, let's take a closer look at what blockchain is and why it's so exciting.

## What is blockchain?

You might have heard about blockchain technology, but do you know what it is? Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. It's this secure system that has made blockchain a hot topic in the world of business and technology.

If you're interested in getting a crypto internships, read on. In this guide, we'll tell you everything you need to know about how to get started. We'll also give you some tips on how to make yourself stand out from the crowd.

## Why is blockchain an exciting industry?

To put it simply, blockchain is revolutionizing how the world does business. It's providing new ways for companies to track and share data, and it's even paving the way for new forms of commerce.

What's more, the blockchain industry is still in its early stages, which means there are plenty of opportunities for growth and development. And with the rise of cryptocurrency, there are now more opportunities than ever to get involved in the blockchain world.

So, what are you waiting for? Start your journey into the exciting world of blockchain today!

## How many opportunities are there in blockchain?

The world of blockchain is growing rapidly, and with that comes an increasing demand for talented and skilled workers. So, how many opportunities are there in blockchain?

Well, the short answer is: a lot. There are currently thousands of jobs and crypto internships available in the blockchain industry, and that number is only going to grow in the coming years. Whether you're looking for a paid 
or unpaid position, there's definitely something out there for you.

## How to get an internship in blockchain

There are plenty of opportunities in the current market. Whether you're looking for a paid or unpaid position, there are plenty of options out there for you.

The best way to find a crypto internship is to start by doing some research. Check out job websites like LinkedIn, [cryptocurrencyjobs.co](https://cryptocurrencyjobs.co/internship/), uk.indeed.com, etc., and see what companies are hiring interns in this field. Once you've got a list of potential employers, start by sending them your resume and Cover Letter.

If you're having trouble getting started, here are a few tips to help you out:
1. Tailor your resume and cover letter specifically for the company you're applying to.
2. Make sure your skills and experience match the requirements of the position.
3. Highlight any experience you have in blockchain or related technologies.
4. Showcase your passion for the industry and why you want to work in it.
5. Practice, practice, practice! The more confident you sound when talking about blockchain, the better.

## What to expect as a blockchain intern

For starters, you'll likely be working with a team of highly skilled and passionate individuals who are committed to advancing the industry. You'll also be exposed to cutting-edge technologies and learn about the latest trends and innovations. And as the industry grows, so will your opportunities for career development. So if you're excited about blockchain and want to gain experience in this field, an internship is definitely the way to go!

## Conclusion

There are so many opportunities in the blockchain industry when it comes to internships. You can find paid and unpaid internships all over the world, but if you're based in the United Kingdom, there are plenty of options for you as well.

The blockchain industry is constantly growing, so it's a great time to get involved. Not only is it an exciting industry to be in, but there are also many opportunities for career growth.

Read [Latest Moni](/news) to understand more about crypto world and its latest news. 



Guide to Crypto Internships

The first animated NFT cartoon series - the Mogies - has been launched by the [NFT](/news/category/nft-news) marketplace and DeFi platform [Mogul Productions](https://www.mogulproductions.com/mogieland/).

The adoption of non-fungible tokens (NFTs) is accelerating, with the entertainment industry benefiting the most. NFTs are frequently used in crypto art, gifs, short clips, and other types of digital material.

Mogies, a collection of 1,923 NFTs, is inspired by the last 100 years of Hollywood characters and personalities. It was created to recognise the centenary celebrations around the erection of the iconic Hollywood sign.

The Mogies will be part of the Mogieland metaverse, which is presently in development.

## Mogies and the Mogieland Metaverse

Erick Tran and the team at CHAVVO Studios have created masterpieces, including renowned creations like The Simpsons, Kung Fu Panda, Monsters Inc., and others.

CHAVVO Studios is an award-winning transmedia production company that has served major Hollywood studios such as Disney, Universal, and Marvel Entertainment.

Mogies are aliens who live off entertainment. They each relate to Hollywood icons from the last century and include action heroes, talk show hosts, children's characters, villains, warriors, princesses, and other Hollywood figures.

Some Mogies have angel wings, which means the characters they portray are dead.
Aside from the animated NFT series, all Mogies will be part of the Mogieland Metaverse, influenced by typical Hollywood locations like Sunset Boulevard. Among the things that NFT holders will be able to accomplish in the forthcoming metaverse are:

1.	Possess land
2.	Attend movie premieres and red-carpet events with their Mogies
3.	Interact with filmmakers and entertainers, gain behind-the-scenes access, and more

To ensure the success of the metaverse and the Mogies ecosystem, half of all 7.5% 
secondary market royalties will be used to finance the project's expansion.

Additionally, 10% of all future income from the Mogies animated series, wearables, collectibles, and figure lines will be delivered to Mogie NFT holders as rewards on a quarterly basis.


Animated NFT Series First for Mogul

Voyager Digital Holdings, a centralised crypto lender, has rejected an offer from FTX and its investment arm Alameda Ventures to buy out its digital assets, claiming that the moves "are not value-maximizing" and may "harm clients."

In a rejection letter submitted in court on Sunday as part of its continuing bankruptcy procedures, Voyager lending attorneys condemned the offer made public by FTX, FTX US, and Alameda on Friday to buy out all of [Voyager's assets](https://news.yahoo.com/crypto-firm-voyager-sell-assets-132257571.html) and existing liabilities, leaving the defaulted loan to Three Arrows Capital (3AC).

## Bankman-Fried proposal plan

On Friday, the three businesses linked to FTX CEO Sam Bankman-Fried proposed a plan to Voyager in which Alameda would absorb all of Voyager's assets and utilise FTX or FTX US to sell and distribute them equally among subscribers affected by the bankruptcy.

[Bankman-Fried](/news/article/former-ftx-ceo-sbf-arrested) stated in FTX's news release that his idea was a method for Voyager customers to recover their losses and move on from the platform:

“Voyager’s customers did not choose to be bankruptcy investors holding unsecured claims. The goal of our joint proposal is to help establish a better way to resolve an insolvent crypto business.”

In a late-night Twitter conversation, Bankman-Fried reiterated his firm's justification for asking to purchase Voyager. He claimed that Voyager's clients had "been through enough already," and that they should be able to retrieve their assets as quickly as possible because bankruptcy processes "can take years."

## Voyager Lending Response

On Sunday, in response to Bankman-Fried proposal plan, the Voyager lending claimed:

“The AlamedaFTX proposal is nothing more than a liquidation of cryptocurrency. It’s a low-ball bid dressed up as a white knight rescue.”

It also outlined six ways in which the proposal could "harm customers," including capital gains tax consequences, unfairly capping the value of each Voyager user's account at its July 5 value, and the effective elimination of the VGX token, which would "instantly destroy in excess of $100 million in value:"

The letter further rejected claims that AlamedaFTX had a better chance of obtaining purchase bids owing to the two companies' continuous partnerships, stating: "Nothing could be farther from the truth as indicated by this answer."

For more latest crypto news, Read [Latest Moni](/news).



Voyager lending rejects FTX’s buyout offer

There's a lot of heated discussion around blockchain consensus mechanisms. The two most popular options are Proof of Work (PoW) and Proof of Stake (PoS). Let's have a look at both of the mechanisms. 

## What Is PoS?

[Proof-of-stake (PoS)](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/) is a consensus mechanism that allows participants in a blockchain network to agree on the validity of transactions without having to rely on mining. In a PoS system, people are rewarded for holding onto their coins instead of mining. This is done by assigning a value to each coin, and the person who holds the most coins has the highest chance of being chosen to validate new blocks.

## What Is PoW?

[Proof of Work, or PoW](https://ethereum.org/en/developers/docs/consensus-mechanisms/pow/), is the original consensus mechanism that Bitcoin and other cryptocurrencies use. In PoW, miners use special software to solve mathematical problems and verify transactions. The first miner to solve a problem is rewarded with new cryptocurrency tokens, and the transaction is added to the blockchain.

Proof of Work is a very energy-intensive process, and it has scalability problems. As more people use a cryptocurrency, the network requires more energy to process transactions. This has led to proposals for new consensus mechanisms, such as Proof of Stake.

## Which Is Better PoS vs PoW?

The two main types of consensus mechanisms: Proof of Work (PoW) and Proof of Stake (PoS), both have their pros and cons, but which one is better? Let's take a look.

Proof of Work is a consensus mechanism that requires participants to solve complex mathematical problems in order to validate transactions. This process is energy-consuming and can only scale up so far. As a result, Proof of Work is not ideal for large-scale networks.

On the other hand, Proof of Stake does not require solving any complex mathematical problems. Instead, it relies on validators to stake a certain amount of cryptocurrency on the network. This process is less energy-consuming and can scale up much more easily than Proof of Work, meaning that it can handle a larger number of transactions without becoming bogged down or congested. As a result, Proof of Stake is ideal for large-scale networks.

There are pros and cons to both PoS and PoW, but in general, PoS is seen as more scalable and energy-efficient than PoW.

However, it's important to note that these are just generalisations and that different implementations of PoS and PoW may have different results.

Choosing between Proof of Stake and Proof of Work depends on the specific needs of your project. If you're looking for a more scalable and energy-efficient consensus mechanism, then PoS is likely the better option, but if you need more security, then PoW may be a better option.

Read [Latest Moni](/news) to learn more about cryptocurrency and blockchain.



What's the difference between PoS vs PoW?

Binance is one of the world's major cryptocurrency exchanges. However, the firm has received criticism from authorities due to lack of necessary permissions.

The latest Binance news covers the exchange platform being [fined 3.3 million euros (£2.8million) by the Dutch Central Bank (DNB)](https://watcher.guru/news/heres-why-the-dutch-central-bank-fined-binance-for-3-3-million) in April 2022. The penalty was levied because the exchange provided services to Dutch nationals without being properly registered. The DNB's General Fine Setting Policy was used to calculate the amount to be paid as fine.

In a statement issued on Monday, the regulator stated that violations committed by Binance are punished by third-category penalties, with a base amount of €2 million (£1.7 million).

This basic amount was increased for Binance, with DNB outlining many reasons for doing so.

According to DNB, one of the reasons is that digital asset brokerage behemoth is not only the largest supplier of crypto services globally but also has a high number of consumers in the nation.

Since May 21, 2020, the Dutch Central Bank has mandated virtual asset service providers (VASPs) to be registered under the Anti-Money Laundering and Anti-Terrorist Financing Act.

According to the authority, Binance violated the registration regulations from May 21, 2020, until last December 1, 2021, when DNB finished its inquiry.

According to DNB, this is the major reason for the higher penalties because these offences are considered extremely serious.

DNB warned Binance in August 2021 that operating in the Netherlands without the appropriate legal registration "may increase the risk of customers becoming involved in money laundering or terrorist financing."

However, the DNB stated that it has reduced the punishment by 5%, partly because Binance has already submitted a registration application, which is presently being reviewed, and because the exchange has been "relatively transparent about its operations throughout the process."

The crypto exchange has been steadily expanding across Europe. Binance revealed last week that its Spanish subsidiary, Moon Tech Spain, has been registered as a VASP with the Bank of Spain.

Both France and Italy certified the crypto exchange as an official digital asset supplier in May of this year.

Read [Latest Moni](/news) for more crypto news. 



Binance news today: DNB fined Binance 3.3 million euros

US SEC chairman outlines what to expect from the authority regarding crypto regulation. SEC’s duties being the primary watchdog for securities, finance, and investments will expand. 

## Global cryptocurrency regulations

The need for crypto laws arose after a down market and the [collapse of Terra UST](/news/article/terra-luna-collapse), which caused investors to lose a massive amount of their investments. As a result, China openly prohibited the use of cryptocurrencies, while Russia prohibited its use as a payment alternative.

The US remained hesitant to finalise the proposed crypto regulations until Biden requested the crypto regulation draft from the US SEC authority. The regulation draft is submitted for review and is anticipated to be deployed shortly.

As the deadline for implementing crypto laws approaches, the SEC has geared itself for the duties that will fall on its shoulders soon. US SEC chairman spoke to Yahoo Finance about the details of their forthcoming duties once the laws are implemented.

## US SEC and cryptocurrency regulation

Gensler stated that the new cryptocurrency regulation would assist investors and customers by protecting them from any difficulties caused by service providers. Their primary focus areas, according to Gensler, will be exchanges, brokerage, and loans. He stated that they are contacting stakeholders to notify them of their needs.

While stating that they are open to conversations and discussions, he also invited exchangers, lenders, and other dealers to come and speak with them. 

He noted that Congress had given the SEC authority to change some laws to better safeguard investors, stating:

“We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection.”

They even have the authority, he claims, to request tokens for disclosures. He stated that the public has the right to comprehensive and honest disclosures, which would serve as their primary safeguard.

Because the SEC is obliged to cover tokens, stablecoins, and volatile coins, they will also have the power to consult with banking authorities and the CFTC. He has emphasised that Bitcoin is not a security coin and that the CFTC would decide the remainder of the coins and tokens status. He has also cautioned that many crypto coins will fail, so investors should exercise caution.







US SEC Chairman outlines crypto regulation

Scammers are at it again with Bitcoin. This time, another bogus celebrity endorsement is being used to trick unsuspecting members of the public into joining up for various Bitcoin trading sites. This time it is the [Ant McPartlin Bitcoin scam](https://www.economywatch.com/bitcoin-robot/ant-mcpartlin-bitcoin).

In this article, we look at a con involving Ant McPartlin's name and analyse whether the TV star ever actually got involved in Bitcoin Revolution, a BTC auto-trading business.

## Who is Ant McPartlin?

Anthony David "Ant" McPartlin is a British television producer, rapper, singer, comedian, actor, and TV presenter born in Newcastle upon Tyne in 1975. Because of his talent, he has a large following that extends beyond the United Kingdom.
McPartlin is well-known for his work as a co-presenter with Declan Donnelly, known colloquially as Ant and Dec.

McPartlin has garnered honours for his outstanding contribution to the media business, including the British Academy Television Awards: Entertainment Programme (Ant & Dec's Saturday Night Takeaway) and the British Academy Television Awards: Live Event (The Queen's 90th Birthday Celebration).

## What is Bitcoin Revolution?

[Bitcoin Revolution](/news/article/bitcoin-revolution) is an automated Bitcoin trading system designed to improve the trading experience of investors with limited capital, time, and trading skills. The platform includes a robot that manages the whole trading process on behalf of the account user, automatically executing buys, holds, and sells with minimum input from the investor.

After registering on the platform, users must make an initial payment of at least £200.

Bitcoin Revolution is a built-in algorithm that claims to deliver more than 99% accuracy on all trades, allowing investors to earn up to 20% daily returns on their money.

## Ant McPartlin Bitcoin Scam?

The question is, did McPartlin endorse Bitcoin Revolution?

McPartlin has denied any support for a Bitcoin trading platform. He has claimed that he has no intention of investing in Bitcoin or its trading bots.

As we investigated, we found no direct or indirect postings on Ant's social media to indicate that he had adopted the trading platform.

McPartlin is one of many celebrities whose accounts have been phished by Bitcoin fraudsters.

An “audience seeker” storyline is always popular, especially when it involves renowned people. In this example, bogus news sites and gossip blogs have fueled media coverage of the entire event, primarily to gain click-through and registration commissions from the traders involved.

Fake trading sites were involved in advertisements and other media promotion of the supposed endorsement, causing naive investors to lose money.

Because neither McPartlin nor Bitcoin Revolution confirmed the endorsement story, it was assumed that a bunch of avaricious internet marketers staged the entire affair.

## Is Bitcoin Revolution a Ponzi Scheme?

This is a common question among cryptocurrency aficionados right now. Should I put my funds on the platform?
I say not. Unless you can verify the legitimacy of any trading platform for yourself, you should retain your money in your bank account.
 



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