[Nigeria CBDC](https://cointelegraph.com/news/nigeria-cbdc-adoption-spikes-as-fiat-currency-shortage-grip-the-nation) adoption has been soaring over the past months due to millions of residents turning away from using the country's fiat currency in favour of the eNaira, multiple news outlets have reported.

The Central Bank of Nigeria has printed larger denominations of its currency to replace older banknotes as it fights rising inflation.

While this has been one of the many ways several developing economies, including West African counterparts like Ghana, have tried to reduce inflation and tackle rising economic challenges, most Nigerians feel that the current financial crisis provides the perfect opportunity for them to experiment with the country's central bank digital currency ([CBDC](/news/article/uk-sought-cbdc-head)). 

## Nigeria CBDC wallets usage has increased by 12-fold 

Wallets created for using the eNaira have increased 12-fold in the past five months, according to Godwin Emefiele, the Central Bank of Nigeria's governor.

The number of [CDBC](/news/article/russia-develop-cbdc-settlement) wallets currently stands at 13 million, up from around 1 million in October 2022.

According to a Bloomberg report, the eNaira transactions valuation has spiked by 63% to approximately 22 billion Naira (about [$47.7 million](https://www.bnnbloomberg.ca/nigeria-digital-currency-transactions-jump-63-on-cash-shortages-1.1898692)) since its introduction in October 2021. 

## More than 10 billion eNaira minted

According to Emefiele, the [CBDC](/news/article/central-bank-of-kazakhstan) has become the payment channel of choice for the execution of social interventions as well as financial inclusion. 

This is why the country's demonetization programme led to the minting of more than 10 billion eNaira while the circulating cash supply was reduced by 68.75% from 3.2 trillion nairas to 1 trillion nairas. 

## CBDCs continue to trend across the globe     
                      
As of 22 March, Nigeria joins China and the Bahamas as countries with real-world use cases of national digital currencies.

Other [sub-Saharan](https://www.imf.org/en/Blogs/Articles/2022/06/23/blog-africa-cbdc) countries like Ghana and South Africa are piloting an electronic version of their countries' fiat currencies, while Zambia, Namibia, Zimbabwe, Madagascar, Tanzania, Rwanda, Kenya, and Uganda are keenly embarking on research programmes.


Nigerian CBDC Naira in wallet in front of image of Nigeria

Nigeria CBDC Adoption Soars Amid Cash Shortage 

A [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) rally in the trading week of 13 to 17 March saw the cryptocurrency bring around 20% in gains to investors, data from [crypto](/news/article/silvergate-bank-crisis-sees-crypto-tank) price tracker CoinMarketCap showed. 

As of 09:30 UTC on Friday, BTC was exchanging hands for [$26,085.37](https://coinmarketcap.com/currencies/bitcoin/historical-data/). It reached a weekly high price of $26,514.72 on 14 March after opening the week at $22,156.41. 

The substantial increment in price has seen the largest digital asset by market capitalization spike by 60% year-to-date (YTD) from the year's opening price of $16,547.91.

## Bitcoin rally attributed to convulsions in banking sector and interest rate cuts

The cryptocurrency industry is largely affected by events in the banking sector as well as activities by the Federal Reserve in the US.
Reports of a collapse of three regional lenders in the US and liquidity problems at Credit Suisse Group AG are leading to expectations of an end to the monetary tightening that destabilized the decentralized finance industry in 2022.

According to many industry experts, the renewed interest in BTC reinforces the digital currency's dual role as a credible risk asset and a hedge against inflation.

Amid the Russia/Ukraine crisis, the Federal Reserve consistently hiked interest rates, leading to a demand for government bills and bonds. This did not augur well for the digital currency market, which has thrived on offering its stakeholders above-average annual percentage yield (APYs). This contributed to the market's nosedive for the majority of 2022.

Multiple reports point out that the Feds will pause interest rate hikes by the summer of 2023 and begin cutting the federal-fund rates around the end of 2023. This anticipation has also played a role in the significant ascension of the cryptocurrency.  

## Bitcoin dominance pushes the crypto market above $1.1 trillion

The crypto market has seen a trading volume of approximately $69 billion in the past 24 hours. This has taken its capitalization to $1.12 trillion.

Despite a fall in its historic values, BTCs fully diluted market capitalization of around $552 billion sees it control 45% of this market. In second place is the native asset of Ethereum, Ether (ETH), which has an 18% crypto market share.


bitcoins falling from sky with green filter overlayed

Bitcoin Rally Sees Almost 20% Gain This Week 

BTC has improved its value by 11% over the past 24 hours, according to data from Asia trading. This increase has effectively erased all losses suffered over 10-12 March, 2023. [Multiple reports](https://www.coindesk.com/markets/2023/03/14/bitcoin-crosses-247k-sees-highest-liquidations-in-two-months/) say the price spike is due to [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) liquidations emanating from betting on the decline of cryptocurrency prices after [Silvergate Bank](/news/article/silvergate-bank-crisis-sees-crypto-tank) and other crypto-related financial institutions fell into crisis last week. 

Overall, more than $100 million in BTC shorts (in trading, shorting refers to selling, while long means buying) were liquidated on 13 March. While this figure looks like a significant sum, it is nowhere near the 14 January Bitcoin liquidations, which saw around $500 million cleared from several crypto futures. 

[Cryptocurrency futures](https://www.investopedia.com/articles/investing/012215/how-invest-bitcoin-exchange-futures.asp) constitute an agreement between two parties to buy and sell an agreed amount of a particular crypto asset at a future price within a given timeframe.

## Bitcoin liquidations lead to a year-high trading volume 

As exchanges such as [Binance](/news/article/binance-us-cleared-to-buy-voyager), Bybit, Huobi, and OKX spread losses from the liquidations, interest in BTC rose as many traders saw a positive signal from the crypto market activity.

By the close of Monday, 13 March, BTC recorded a trading volume of approximately [$49.5 billion](https://coinmarketcap.com/currencies/bitcoin/historical-data/), the year's high and the largest since November 2022.

Overall, the crypto economy has been on a rebound in 2023. As always, the first digital currency has made up for gains lost during 2022 when it was crippled by Russia/Ukraine crisis, rising interest rates which led to renewed interest in government bonds and bills, and, of course, the crash of TerraUSD (UST). As of 10:00 UTC, BTC was up 48% year-to-date (YTD).

Despite the ups and downs of the crypto market, analyst Freddie Max at [Price Prediction.net](https://priceprediction.net/en/price-prediction/bitcoin) foresees BTC climbing to an average price of $31,243, testing the smallest possible price of $30,356, and reaching the best possible price of $34,916 by the end of the year.


Bitcoin Liquidations Spark Price Spike 

The upcoming budget proposal to be presented by US President Joe Biden will usher in a few surprises for [crypto](/news/article/is-crypto-dead) industry stakeholders.

Among them is cracking down on the entire decentralized finance (DeFi) industry concerning wash sales, according to a [Wall Street Journal](https://www.wsj.com/articles/biden-budget-to-propose-saving-hundreds-of-billions-by-cutting-drug-prices-fraud-5fa0f927) news report.

[Wash sale](https://www.investopedia.com/terms/w/washsale.asp) is a strategy some traders and investors use whereby they trade or sell a security at a loss and then buy a similar security 30 days before or after the sale.

The Wash Sale Rule was enacted by the Internal Revenue Service (IRS) in the 1920s and helped prevent investors from using losses from their capital to their advantage when the time comes for them to pay their taxes. 

While the rule applies to stocks and was later extended to options, contracts, and other types of trading and securities, the Wall Street Journal reports it will soon be applied to crypto.
This will end the use of the strategy and change the notion of the [crypto](/news/article/kraken-crypto-exchange-plans-bank-launch) sector being regarded as a tax haven. 

This Biden crypto rule is part of ameliorating the crypto tax treatment that aims to raise around $24 billion to help reduce the country's deficit by about $3 trillion over the next decade.

## Biden crypto rule changes are not the first

The latest stance taken by the US is seen as a positive on the global [regulatory](/news/article/is-crypto-regulated-across-the-globe#:~:text=Although%20crypto%20is%20not%20regulated,trading%20volume%20of%20centralized%20exchanges.) stage. Many industry experts believe that following actions by other regulatory bodies in countries such as Canada and Australia will help prevent crypto traders from taking advantage of the tax system and ensure they contribute their fair share in taxes, just like other investors profiting from trading.

## Capital gains to be doubled 

Capital gains tax (CGT) is paid on the profit made from selling an asset. The new US budget proposes doubling CGT from 20% to 39.6% on long-term investments that result in a minimum of $1 million in profits.

Aside from this, the budget plans to increase levies imposed on wealthy Americans and corporations.


Biden Crypto Rules to End Wash Sales Strategy 

Enhance token (ENH) continues to trend on social media platforms due to the extensive uses of its growing ecosystem. 

Unfortunately, while accounts have been created for the token by CoinMarketCap (CMC) and other crypto price tracking portals, ENH largely remains untracked for the time being. 

## What is Enhance token? 

According to information available on [CMC](https://coinmarketcap.com/currencies/enhancetoken/), ENH is a soon-to-be multi-asset that will be primarily focused on the integration from Web2 into the Web3 space. 

Like all cryptocurrencies, ENH will need to be backed by a strong technological infrastructure before it can become a mainstream digital currency patronized by millions of traders and investors in a market with more than 20,000 crypto assets. 

The [Enhance ecosystem](https://t.co/PGzTaWrs1Q) comprises seven areas; Shop, Apes, Swap, Education, Energy, Staking, and Blueprint.

Shop - This segment of the Enhance project primarily focuses on selling zero sugar and regular drinks as well as a sports bra, sports leggings, duffle bags, backpacks, quarter zip pullovers, performance caps, athletic shorts, tank tops, athletic T-shirts, and running pants. 

Once ENH is fully launched, it could become the primary token to buy the aforementioned products. This could positively reflect in its daily transactions, culminating in a price increase.

Apes - Modeled after the success of the [Bored Ape Yacht Club](/news/article/bored-ape-nft) (BAYC) and its sister projects, Enhanced Apes is a collection of 10,000 NFTs housed in the [Binance Smart Chain](/news/article/bnb-price) (BSC). 

Just like positive news of Bored Ape and Otherside for Otherdeeds is reflected in ApeCoin (APE), the novel token of Enhance could be exploding with above-average monthly sales volumes from its Ape project.

Education – This platform consistently informs stakeholders about the current developments of the project. 

Swap – This is currently operating in beta mode. When fully functional, it will offer fiat onboarding and a self-maintained liquidity provider (LP) pool that will be essential in exchange token swaps.

Staking – In crypto, staking is the locking of a portion of digital assets to support the validation and verification of transactions on a [Proof-of-Stake](/news/article/pos-vs-pow) (PoS) network. ENH is the ecosystem's base currency, and holders that engage in staking could be rewarded with decent periodic rewards.

Energy – While some crypto mining is done via hydroelectricity, this sector will primarily focus on using solar energy in the mining operation of cryptocurrencies.

Blueprint – This segment has been reserved for crypto brands that will partner with the project so that they will be able to thrive and survive in an ever-growing industry where billions of funds exchange hands daily. 

## Will ENH explode?

With potential partnerships in the pipeline, [staking](/news/article/what-is-staking-crypto), and the adoption of Enhance token as a transactional currency, the token could be among digital assets that bring investors decent gains within a short time.


Will Enhance Token Explode? 

## Silvergate Bank crisis sees crypto market tanking

[Silvergate Bank](/news/total-crypto-market-cap-takes-a-hit-amid-silvergate-bank-crisis), one of the leading institutions for innovative businesses in the cryptocurrency and financial technology (Fintech) industry, has seen its market value plunge by 60% in March, data from Yahoo Finance showed. 

Due to the bank’s standing as a key player in the on-and off-ramping of the cryptocurrency space, seeing its stock 'SI' trade in red has led to a huge sell-off in the cryptocurrency market. 

Overall, [approximately $70 billion](https://www.tradingview.com/chart/1okY2Hep/?symbol=CRYPTOCAP%3ATOTAL) has been wiped off the total market capitalization of the entire decentralized finance sector, with current metrics at around $984 billion after the industry soared above the $1 trillion mark on the opening day of March.

![tradingview graph of crypto market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_06_at_10_59_10_c20ecbacf6.webp)

 
While Bitcoin and Ethereum (ETH) always lead gains and losses, altcoins such as Klaytn (KLAY), Theta Network (THETA), Basic Attention Token (BAT), Zilliqa (ZIL), Optimism (OP), Lido DAO (LDO), Flow (FLOW), and the Sandbox (SAND) have seen double percentage losses in the past week.  

## Silvergate Bank's stock price went down after the SEC filing disappointment

On Wednesday, 1 March, the financial institution disclosed in a US Securities and Exchange Commission (SEC) [filing](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001312109/14a9b861-b10a-458d-8f9d-44f0d18bc75e.pdf) that its annual 10-K report will not be submitted in time. 

The [10-K](investopedia.com/terms/1/10-k.asp) is an annual report filed by publicly-traded companies about their financial performance within a 365-day period. It covers the organization's history, structure, executive compensation, financial statements, and earnings per share (EPS).


Not being able to fulfil this requirement raised eyebrows among the company's various stakeholders after the firm said it would be examining its ability to continue operating.
In addition, the bank said it is re-evaluating its business strategies under the [regulatory and business challenges](/news/article/is-crypto-regulated-across-the-globe) it faces.   

## Many crypto firms are moving away from the bank 

In light of the company's stock price decrease, cryptocurrencyy heavyweights such as Galaxy Digital and Coinbase Global [announced](https://www.cnbc.com/2023/03/03/coinbase-galaxy-digital-abandon-silvergate-after-bank-warns-about-its-viability.html) on Thursday, 2 March, that they have dropped Silvergate as their banking partner. 

Aside from these powerhouses in the [crypto](/news/article/dash-cryptocurrency-price-prediction) economy, the European cryptocurrency exchange Bitstamp, CBOE’s digital asset exchange, and stablecoin issuers Circle and Paxos have also discontinued their partnerships with the financial institution.

Despite the crypto market being down by $70 billion in March, the entire industry has been on a rebound in 2023 with a spike of 30% year-to-date (YTD) from about $756 billion on 1 January to more than $980 billion on 6 March.


red image of silvergate bank with crypto falling down

Silvergate Bank Crisis Sees Crypto Market Tank

The global non-fungible token (NFT) market was on its way to surpassing [$50 billion](https://www.cryptoslam.io/nftglobal) in February 2023. With the profits available, it is no wonder people query the UK stance on NFT income tax.

The market is dominated by the Ethereum blockchain, which houses popular [NFT](/news/article/pixelmon-nft-everything-to-know) collections such as the [Bored Ape Yacht Club](/news/article/bored-ape-nft) (BAYC), Mutant Ape Yacht Club (MAYC), Otherside for Otherdeeds, CryptoPunks, Art Blocks, Azuki, Moonbirds, and CloneX. 

The other projects in the top ten, NBA Top Shot and Axie Infinity, are deployed on Flow and Ronin blockchains, respectively. With CryptoPunks #5822 selling for $23.8 million, CryptoPunks #4156 exchanging hands for $10.2 million, CryptoPunks #5577 being taken off the market for $7.7 million, and Ringers #109 also selling for $6.9 million, it is only right that authorities have set their sights on how NFTs should be taxed due to the enormous gains made by traders.

With several multiple percentage profits to be made in a short period, it is also understandable to find NFT tax UK rules being queried.

But before we zoom into NFT tax UK, let us examine how [NFTs](/news/article/shopify-nft-merchants-get-more-tools) are bought and sold on marketplaces so that you are enlightened from the buying and selling stage to the taxing phase.

## How to buy and sell NFTs

NFTs are digital art representing sneakers, sports cards, and real estate, among others. If you want to buy a piece by Leonardo Da Vinci or a Pablo Picasso painting, you have to find an art store or gallery. If you want NFTs, you have to locate a marketplace. There are many NFT marketplaces around today, including Nifty Gateway, X2Y2, LooksRare, Known Origin, Blur, Rarible, SuperRare, Foundation, and OpenSea.

OpenSea remains the largest NFT marketplace by all-time volume. Despite a decrease in industry-wide interest in digital collectibles, OpenSea still saw more than [$270 million](https://www.theblock.co/data/nft-non-fungible-tokens/marketplaces/nft-marketplace-monthly-volume) in volume in January 2023. As a result, we would like to focus our short guide on how to buy NFTs on OpenSea. 

You need to have a crypto wallet that has Ether (ETH), the novel token of Ethereum. Popular wallets that support Ethereum include Rainbow, Trust Wallet, and MetaMask.

With a wallet filled with ETH coins, you can create an account on OpenSea, connect your wallet, search for the NFT project of your choice, and make a purchase. Once the purchase is complete, the NFT will be sent to your wallet.

If you want to sell your [NFT],(/news/article/loaded-lions-nft-explained) you make it available on OpenSea and set a quote. Once a buyer bids for your NFT and you accept, the sale is completed.

Since you hold the private keys to your wallet, you are responsible for protecting the digital collectibles from cybercriminals and malicious programs.

Now that you know how to buy and sell NFTs, let us examine how they are taxed by authorities in the United Kingdom. 

## What are the NFT tax UK rules? 

His Majesty’s Revenue and Customs (HMRC) is responsible for the taxation of NFTs. Capital gains and income tax are two principal taxation types to take note of as a UK resident. 

Capital gains are profits earned from the sale of an asset that has spiked in value over a given period. A great example of this can be attributed to buying a Bored Ape for £10,000 and selling the NFT for £95,000. The difference, which represents the profit, is £85,000 (capital gains). 

According to [GOV.UK](https://www.gov.uk/guidance/capital-gains-tax-rates-and-allowances#:~:text=Capital%20Gains%20Tax%20is%20charged%20at%20a%20flat%20rate%20of%2018%25.), it is the gains made that are subject to tax, not the entire money from the sale. Therefore, £85,000 will be taxed, and not £95,000.

According to the HMRC, disposing of NFTs includes selling them, gifting them to loved ones, swapping them for other NFTs or digital currencies, and getting some compensation for them (such as an insurance payout when something is destroyed or lost).

As of February 2023, capital gains tax (CGT) is between 10% and 20%. From the example given, the owner of the sold NFTs would pay 20% CGT because it is above £50,270. If capital gains from the sale of a digital collectible are below £50,270, you are subject to 10% in CGT.

Income tax is paid on earnigns by UK residents. There are professional traders out there who trade stocks, cryptocurrencies, and now NFTs for a living.

If you make less than £12,570 from NFT sales, you will pay 0% in income tax. But if you earn above that and it rises to £50,270, you'd pay 20% in income taxes. 

For those earning £50,270 up to £150,000, tax is charged at 40%. NFT traders that make more than £150,000 are subject to 45% in income taxes. 

## NFT tax UK conclusion

Monthly global NFT market sales are currently on a rebound. Knowing the percentages in taxes will be invaluable to your decision on whether to get involved in NFT trading and investing.


NFT Tax UK Rules Explored

Launched in 2014 by Dolphin Corp. Limited Liability Company (LLC), [Binomo](https://binomo.com/en-en) is among the premier locations for traders and investors searching for a safe and secure platform to risk their hard-earned money.

Due to the stiff competition in the largely profitable trading industry, it has thrived on its mission statement to make available an innovative trading platform with a minimum investment to all types of traders, irrespective of their investing habits.

Despite the success story the platform has enjoyed so far, many potential stakeholders remain skeptical due to the numerous scamming and hacking incidents that continue to mire many trading platforms. 

As a result, I want to use this report to take a comprehensive look at the trading platform with a primary focus on its features, pros, and limited cons.

## The pros of using Binomo 

The trading platform continues to trend online due to the following:

•	It is fully certified by Verify My Trade (VMT). One of the worse things that can happen to you as a trader is to have your order on the waiting list while the intended value you had in mind continues to fluctuate to new highs and lows due to execution problems. A VMT certificate signifies the quality of trade execution services being overseen by the trading platform. While you may be interested in using many exchanges and platforms, speed of execution is one of the factors that I would like you to prioritize so that you can maintain your trading orders and see the appropriate profits reflected in your account.   

•	Binomo is an integral member of the [Financial Commission](https://financialcommission.org/about/what-we-do/). This agency was established in 2013 to serve as an external dispute resolution (EDR) body that helps brokers and traders resolve disputes associated with using platforms in a smooth, authentic, and unbiased manner. In May 2018, Binomo became a "Category A" member of the agency. As a result, you, as a trader, are protected from any potential problems that may arise as the Financial Commission is on standby to listen to any concerns you may have and resolve problems effectively.

•	It is tailored to the needs and interests of low-budget traders. Unlike many trading platforms, which come with at least $50 in minimum deposits, Binomo investing has taken a different route. Due to the high volatility involved in the decentralized finance market and the uncertainty of the centralized financial market, potential traders can deposit a minimum of $10. Since traders are normally advised to risk 5% to 20% of their entire capital on trades, you can invest as little as $1. When you become an experienced trader, you can increase this accordingly.

•	It supports many asset classes. As a brokerage platform, it offers access to several asset classes, including [crypto](/news/article/is-crypto-dead), metals, and commodities. Therefore, you do not have to switch platforms if you are interested in trading other assets that could bring enormous gains to your investment portfolio.

•	Binomo offers a range of payment methods. You can deposit and withdraw funds in many ways, including bank cards (VISA and Mastercard), [crypto wallets](/news/article/tony-fadell-launches-crypto-wallet) that support USDT from Ethereum (ERC20) and TRON (TRC20), Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and the US Dollar Coin (USDC) from Circle, and electronic wallets such as Perfect Money, Advcash, and Binance Pay.

•	It offers a demo account. Demo accounts are valuable to the trading journey of a novice or beginner trader. When you sign up for an account, you will receive 50,000 in virtual funds of your country's currency. This can be used to trade contracts for difference (CFD), where you invest an amount of money into an asset for a period (buy or sell) and wait for the outcome of the trade.

•	Binomo is highly accessible. Aside from accessing the brokerage on the web through a desktop application, the platform can also be accessed via the Binomo app. The mobile application is available on the Apple Store, Google Play Store, App Gallery, Galaxy Store, Aptoide, and Apptoko.

## Cons of using Binomo

•	For [crypto](/news/article/is-crypto-regulated-across-the-globe) traders interested in a large array of tokens, Binomo is not the trading platform for you. It does not support many cryptocurrencies.

Overall, it is a safe trading platform and one of the best brokerages for novices to experiment with their capital.


What is Binomo and Why is it Trending? 

10bet has fought competitors over the years and has become a leading betting platform for many punters in the [United Kingdom](/news/article/crypto-regulation-uk).
11. 
Founded in 2003, it is a pioneer betting platform that became one of the fastest-growing online bookmakers in the UK.

Here, we look at what the betting company is, how to place a bet with it, the number of payment options supported, the type of markets it supports, and other features embedded into its system. 

## What is 10bet? 

As an online gambling company, 10bet offers casino, live casino, and sports betting services to gamblers.

Despite the stiff competition in the [UK](/news/article/uk-crypto-regulation) from other gambling companies such as Bet365, William Hill, Ladbrokes Coral, Betfair, Paddy Power, Betway, 888sport, and 32Red, among others, it uses promotions and offers to bring in new customers and maintain existing ones.

To entice new customers to the platform, the betting company has set a registration offer that enables punters to earn up to £25 in bonuses. Being eligible for this type of bonus relies on the amount of money you first deposit with the betting outlet. 

Aside from this, there are promotional offers that can see bettors earn up to 50% of their deposits up to a maximum of £50. To be eligible for a £50 bonus, you must fork out a minimum deposit of £100.

Although gambling has taken over the world of sports and become a part of our daily lives, not all financial institutions have thrown their backing behind betting. This begs the question, what types of payment methods are supported by 10bet? 

## Types of payment methods on 10bet

Many UK gamblers have become accustomed to using electronic wallets such as [PayPal](/news/article/paypal-crypto-reserves-$604-million), PaySafe Group's Skrill, and Neteller, as well as Apple Pay, EcoPayz, and Trustly, for their online gambling activities.

If you are interested in 10bet, you should note that the company accepts PayPal and bank cards (debit cards).

Unfortunately, popular e-wallets Skrill and Neteller are not supported. PayPal and debit card transactions are processed instantly and credited to punters' accounts within a few seconds. 

## What betting markets are on 10bet? 

There is a range of sports betting markets for wagers interested in holding an account with the gambling company.

For punters in the UK and the rest of the world except the US, [football](/news/article/cronos-crypto-falls-flat-world-cup) is the primary focus due to the success of the English Premier League (EPL) in the UK and abroad.

Aside from the Premier League, other international leagues such as the Spanish La Liga, Italian Serie A, French League One, and German Bundesliga are among a host of other European leagues and major football tournaments available on the platform.

For football, some of the most popular markets patronized by bettors include, but are not limited to, match results, anytime scorers, over/under goal markets, and both teams to score.

In addition to football, the platform supports wagering on motor racing, snooker, pool, handball, rugby league, ice hockey, baseball, golf, darts, cricket, boxing, National Football League (popularly known as American Football), greyhounds, basketball, and horse racing.

In addition, 10bet supports in-play betting and has a cash-out feature embedded in its platform.

In-play betting is where a  gambler places bets on ongoing live games. The cash-out feature allows bettors satisfied with the amount of money added to their initial wagering amounts to take off with the accumulated sum before the bet is settled.

With a thorough understanding of the types of payment methods and markets on the platform, you should know how to place a bet on the company’s website and mobile application. 

## How do I place a bet with 10bet? 

You cannot use social media applications without signing up for an account with them. The same holds for registering with gambling websites across the globe. To set up an account, you must be 18 years and above.

Firstly, you must locate 10bet by clicking [here](https://www.10bet.co.uk/). On the dashboard of the website, navigate to JOIN NOW, which can be found at the top right-hand corner of its online address.

Secondly, provide authentic details of yourself. In the space provided, you must provide your full legal name, verifiable email address, phone number, and home address. Much emphasis has been placed on legality and authenticity because, like all gambling companies, it will pass you through a verification process called Know Your Customer (KYC).

Thirdly, you must provide legal documents to confirm your identity. In compliance with rules and regulations, the company vets new bettors. As a result, you will need to upload an identification card such as a passport, a national ID card, or a driver's license. In addition, demands will be made for a bank statement, internet, or utility bill not more than six months old to help verify your home address. This will also help the company find consistency in the address linked to the PayPal account or debit cards used as payment methods.

Fourthly, make a deposit using the aforementioned payment methods. 
Lastly, navigate the sports betting markets, place a bet on your preferred market, and wait for the bets to settle. 

## Does the company have an app? 

Yes, 10bet comes with a mobile application, making it one of the best and fastest places to gamble. The application can be found and downloaded on the Google Play Store and Apple Stores.

As a highly accessible platform, it also doubles up as a user-friendly app that simplifies betting for even the most novice of all punters. 

## Conclusion 

10bet is among the best betting sites for new and existing bettors in the UK.

While competition will always be tough due to the potential profits that could be made within a short period, the company has lined up promotions and bonuses to keep it active in the market.

This explains why it has more than 1 million active users and is present in over 100 countries.


Is 10bet Among the Best Betting Platforms? 

Paradox crypto has been trending online in recent months due to the booming [Metaverse](/news/article/bloktopia-metaverse-guide) industry.

Unfortunately, many cryptocurrency traders and investors are not privy to the fact that the digital asset is part of a broader project encompassing blockchain gaming, play-to-earn (P2E), [Metaverse](/news/article/buy-sandbox-land-simple-guide), and [non-fungible tokens](/news/article/shopify-nft-merchants-get-more-tools) (NFTs). 

## What is Paradox crypto?

It is the native asset of the Paradox Metaverse, a project announced in April 2022 by [Paradox Studios](https://www.globenewswire.com/news-release/2022/04/21/2426122/0/en/The-Paradox-Metaverse-Announced-the-Launch-of-its-Own-NFT-Collection.html), a UK-based development team. The company is behind a new blockchain game employing the P2E format, which is forecast to grow from $755 million in 2022 to approximately [$3.6 billion](https://timesofindia.indiatimes.com/blogs/voices/play-to-earn-games-the-future-of-the-gaming-industry/) in 2028 at a compound annual growth rate (CAGR) of 21.3%. 

After opening at [$0.1123](https://coinmarketcap.com/currencies/paradox-metaverse/) on cryptocurrency exchanges on 17 November 2022, PARADOX maintained this value as its all-time high (ATH). It reached an all-time low of [$0.01377](https://coinmarketcap.com/currencies/paradox-metaverse/) on 8 February 2023.

PARADOX has 12.7 million tokens in circulation from a total and maximum supply of 1 billion. As of the late evening hours of 14 February, PARADOX was exchanging hands for $0.01483. With this, the token had plummeted by 86% in value since its opening day, and 57% year-to-date (YTD).
 
## Paradox NFTs are also attached to the project 

The global NFT market sales have surpassed [$48 billion](https://www.cryptoslam.io/nftglobal) and the Paradox Metaverse Official Collection has contributed its quota to this milestone.

The digital collectibles are integral to the blockchain game, as potential players must buy an NFT character from the 8,878 collections before they can access P2E missions.

Upon completion of missions, gamers are rewarded with an in-game digital currency called ‘P-bucks’. The P-buck tokens can be swapped for PARADOX. 

In August 2022, the studio announced that it had enabled [Paradox NFT staking](https://metanews.com/the-paradox-metaverse-unveils-nft-staking/), which will help gamers earn passive income.

As of 14 February, the Paradox Metaverse Collection had more than 1,400 owners, commanded a floor price of 0.0397 ETH (about $61), and had seen a volume of 199 ETH (approximately $310,000) on the largest NFT marketplace across the globe [OpenSea](https://opensea.io/collection/the-paradox-meta). 

As of the same date, the token had a fully diluted market capitalization of $15 million and was supported by centralized cryptocurrency exchanges Huobi Global and BitMart.


Paradox Crypto Value Nosedives 

[Becca Balint](https://vtdigger.org/2023/02/28/becca-balints-1-million-crypto-benefactor-pleads-guilty-to-campaign-finance-fraud/), a member of the US House of Representatives from the state of Vermont, has been thrown into the spotlight again after Nishad Singh, an ex-executive of insolvent cryptocurrency exchange FTX who contributed $1 million in advertising money to her congressional push, pleaded guilty to campaign finance fraud on 28 February.

Singh said he is sorry for his role in the bankrupt crypto firm. He reiterated that he only knew by mid-2022 that Alameda Research, the hedge fund run by founder [Sam Bankman-Fried](/news/article/sam-bankman-fried-bail-co-signers-revealed) (SBF), was borrowing customer funds at [FTX](/news/article/ftx-funds-political-donations-to-be-recovered) without informing depositors.

The association of the politician with FTX has added more fuel to the fire as allies of SBF, which included Singh, contributed a minimum of $26,000 directly to support her campaign. Aside from that, the Democratic Party in Vermont was also a beneficiary of FTX contributions. 

SBF's inner circle continues to crumble. Singh is the third member of the once-thriving crypto firm to collaborate with US prosecutors with the hope of working out a deal. 
  
The latest link to Bankman-Fried's ally comes a few days after a superseding [indictment](https://vtdigger.org/2023/02/23/becca-balint-cooperating-with-federal-prosecutors-as-new-allegations-against-sam-bankman-fried-emerge/) filed on 23 February laid out an alleged scheme by the founder and former CEO to illegally move investor money to political campaigns to help improve his standing with representatives in Washington, DC.

Prosecutors believe his consistent donations were a way of pushing decision-makers to consider his preferred regulatory agenda for the entire decentralized finance economy.  

## Becca Balint is cooperating with authorities 

According to her campaign manager, Natalie Silver, Vermont's leader in the House of Representatives is fully cooperating with federal authorities in the investigation into SBF's scheme to pour a minimum of $1 million into a super PAC (political action committee) to support a candidate who favoured LGBTQ issues.   

After serving as a member of the Vermont Senate, Balint made history by becoming the first person from the LGBTQ+ community to be elected to Congress.


red image of becca balint and sam bankman-fried in front of sign saying guilty

Becca Balint Contributor Admits Fraud 

[FLOKI](https://coinmarketcap.com/currencies/floki-inu/), the novel token of the Floki ecosystem, has spiked by approximately 390% since the start of 2023, data from cryptocurrency price tracker CoinMarketCap showed.

The cryptocurrency has benefited extensively from the [crypto](/news/article/uk-crypto-atm-raided-by-financial-regulator) market's rebound this year after the entire sector plunged to new lows on the back of a bearish outlook in 2022 that saw many firms reduce their headcounts. 

While some analysts have attributed the price spike to industry-wide gains, the increase in the [token's](/news/article/robotera-metaverse-token-presale) value is largely down to accomplishing milestones and setting up new ones.

## Floki price jumping as a result of the roadmap 

On 21 February, the crypto company published its [roadmap](https://realflokiinu.medium.com/floki-2023-roadmap-8532b29ad63b) for the year. While the first phase, which featured the launch of the project’s shop, a partnership with Binance Pay, an upgrade of the Valhalla Website, the development of a Chinese Whitepaper, and a partnership with Pyth Network has been completed, other developments are still in progress.

These milestones include the launch of the crypto asset on the OKX chain (which also houses the well-known cryptocurrency exchange OKX), integration with decentralized finance (DeFi) lending and borrowing protocols, the first major upgrade of Floki Finance, and the first phase of staking.

The second phase of staking, the redesign of Floki Finance, and the release of the Debit Card will come off in phase two, while Floki Finance Project TL and University of Floki (phase three) and Valhalla Mainnet launch, Valhalla Chinese Version, and the project's Mystery Project will follow accordingly in phase four.

In crypto, prices are normally driven by the adoption of a cryptocurrency by a mainstream company as a payment method, the addition of a coin or token by a major exchange, and the provision of staking services, which brings passive income to traders and investors.

Since the digital currency has triggered two of the three price drivers (staking and exchange listing), it explains why it reached a yearly high of $0.00006684 on 16 February. 

## FLOKI price gains dwarf Shiba Inu and Dogecoin

While Dogecoin (DOGE) and Shiba Inu ([SHIB](https://coinmarketcap.com/currencies/shiba-inu/historical-data/)) continue to dominate the meme-inspired digital currency sector of the crypto economy, their gains are smaller than the coin named after [Elon Musk’s](/news/article/elon-musk-twitter-dogecoin) pet. 

While FLOKI holders have seen their portfolios rise more than three-fold, (SHIB) has increased by 8% while [DOGE](https://coinmarketcap.com/currencies/dogecoin/) has gone up by 20% since 1 January.


price chart in green with the floki inu logo of a dog and helmet on

Floki Price Jumps More than 300% Year-to-Date 

New York-based Paxos Trust Company, a well-regulated blockchain platform that has been contributing to the building of a new and open financial system, has been ordered by the NYDFS (New York Department of Finance Services) to stop minting Binance stablecoin (BUSD), according to a company statement [released](https://www.prnewswire.com/news-releases/paxos-will-halt-minting-new-busd-tokens-301744964.html) on Monday, 13 February. 

The issuance of new BUSD tokens will cease on 21 February, the [crypto](/news/article/the-future-of-crypto-in-the-next-5-years) company stated. Paxos added that it would continue to manage BUSD dollar reserves and that tokens already in circulation will still be pegged 1:1 with the US dollar-denominated reserves. The [crypto](/news/article/is-crypto-dead) firm will continue to redeem existing tokens until at least February 2024.  

## Why is Paxos stopping the minting of Binance stablecoin?
 
The crypto firm made this decision on the back of regulatory pressure from the [Securities and Exchange Commission](https://www.reuters.com/technology/binance-stablecoin-backer-ordered-stop-issuing-token-binance-ceo-2023-02-13/) (SEC), which has labelled BUSD and most stablecoins as security. The agency believes Paxos should have registered the digital currency as such.

Aside from the SEC's stance, Paxos decided to act on the instructions of the NYDFS because it violated some of its obligations related to periodic risk assessments and failed to do thorough due diligence checks on its relationship with the BUSD token as well as the crypto firm Binance.

News of the issuance of BUSD tokens stopping has rattled several stakeholders of the digital currency, especially investors.

Many traders and investors made several withdrawal requests leading BUSD to suffer one of its worst days after around $873 million in net outflows (total amount of coins withdrawn from the wallets of exchanges) were tracked by Nansen, a data provider, on 13 February.

In the process, BUSD reached a yearly high in trading volume on the same day, with approximately [$13.1 billion](https://coinmarketcap.com/currencies/binance-usd/historical-data/) exchanged within the period. BUSD tested a day low of $0.9988 but recovered to close the day at $0.9994 and was exchanging hands for $0.9999 in the early hours of 15 February. 

Despite the negativity currently surrounding the use of BUSD, the stablecoin has maintained its number three spot on the log of the [largest stablecoins by market cap](https://coinmarketcap.com/view/stablecoin/), with more than $15 billion. 

While it still trails the US Dollar Coin (USDC) from Circle and the US Dollar Tether (USDT) from Tether Limited in market cap, it commands a higher market value than DAI, TrueUSD (TUSD), Pax Dollar (USD), Gemini Dollar (GUSD), and Fei USD (FEI).


paxos logo over image of laptop and word 'ban'

'Stop Minting Binance Stablecoin' NYDFS Orders

[Shopify](https://www.shopify.com/), one of the most patronized e-commerce platforms globally, has launched a collection of [blockchain commerce tools ](https://cointelegraph.com/news/shopify-launches-suite-of-blockchain-commerce-tools-for-merchants)that aim to improve the NFT user experience of Web3-focused stores housed in its ecosystem, according to a company blog post on 9 February.

Despite many blockchain commerce tools already launched by Shopify, including an expansion of its crypto wallet connects features, the e-commerce platform highlighted token-gating application programming interface (API). According to a designer at Shopify's blockchain team, the tools will help build more token-gating applications for merchants. 

## Shopify NFT merchants can access token gating

Launched in June 2022, token gating confers more value to a [non-fungible token](/news/article/loaded-lions-nft-explained) (NFT) by granting holders of collectibles exclusive access to physical products, content, or community in addition to the [digital token ](/news/article/dingo-crypto-scam-says-security-firm)held in their wallets.

According to Harrison Hosking, the marketing manager for Keak, an NFT wallet tracker, token gating adds utility to NFTs.

With token gating embedded in the platform, Shopify NFT merchants can dictate which token holder they deem valuable to access benefits, NFT drops, and exclusive products. 

Some of the primary benefits of token gating include, but are not limited to, security (due to the verification of NFT ownership through blockchain technology), cost-effectiveness, and buzz around a particular crypto project and the merchant.

Some of token gating's use cases can be highlighted via Shopify and NFT project Doodles, which gives holders exclusive products. Other use cases include Stoner Cats, which gives access to digital content, and Flyfish Club, which gives membership access to project stakeholders.


## When did Shopify NFTs begin? 

Shopify [began supporting](https://www.pymnts.com/news/retail/2021/shopify-will-let-merchants-sell-nfts/) NFT sales in July 2021 with the National Basketball Association (NBA) team Chicago Bulls. It was the first to sell digital collectibles commemorating its world champion rings.

In December 2021, GigLabs announced that it had launched an app for selling NFTs on Shopify. 

In January 2023, many news feeds reported that Shopify merchants can also sell Avalanche NFTs (one of the biggest blockchains by all-time sales volume) through an app called Venly.


Shopify NFT Merchants Get More Tools

Pi Network has freed up to 25% of total Pi mining rewards, the latest activity on the blockchain protocol showed.

According to the newest [mainnet metrics](https://twitter.com/Edycabas/status/1623718952181563392?ref_src=twsrc%5Etfw), locked mining rewards currently stand at approximately 1.2 billion (1,218,602,971.0768094) from a total migrated mining rewards of about 1.6 billion (1,621,790,457.8859322).

As a result, the difference of 400 million Pi tokens (or 25% of total migrated mining rewards) are now available for Pi miners (collectively known as Pioneers) who use their mobile phones to contribute to the validation and verification of transactions involving the cryptocurrency. 

Many analysts have attributed the unlocking of tokens to the increasing number of transactions and rewards for Pi miners.  

The milestone by Pi Network comes a month after the project’s core team announced a [Hackathon](https://twitter.com/PiCoreTeam/status/1613899542633582598) to grow its ecosystem. In the crypto and blockchain industry, a Hackathon is an event that enables developers to build decentralized applications (DApps) and other products for a particular project.

The [midpoint check](https://twitter.com/PiNewsMedia/status/1623202439959834625?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1623202439959834625%7Ctwgr%5E8c538e446c96f345906549334804d6be26885f93%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bsc.news%2Fpost%2Fpi-network-announce-midpoint-check-in-for-hackathon) for the Hackathon is slated for 12 February, with teams using Pi's Open Source license software in their final project standing a chance to receive 20 PI in rewards.

Mobile crypto mining is on the rise thanks to the use of smartphones and devices powered by Android and iOS systems. However, its future remains largely unknown due to a lack of a clear [global regulatory framework](/news/article/is-crypto-regulated-across-the-globe). 

## What is Pi Network?

Founded by Chengdiao Fan and Nicolas Kokkalis as a developer platform and social cryptocurrency, the network allows all smartphone users to mine the tokens without causing harm or destroying the lifespan of their mobile devices. 

PI appeared on cryptocurrency exchanges in December 2022 and reached an all-time high (ATH) price of [$330.65](https://coinmarketcap.com/currencies/pinetwork/historical-data/) on 30 December. With a substantial plunge in trading volume despite the soaring of Bitcoin [(BTC)](/coins/btc), altcoins, Metaverse stocks, AI, and big data tokens, PI has shed more than 80% of its ATH and was exchanging hands for $55.53 in the early hours of 10 February.

Pi is currently supported by several exchanges, such as BitMart, XT.COM, Huobi, Hotcoin Global, SuperEx, and CoinW.


Pi Network Unlocks More Mining Rewards 

Dingo crypto has been marked as a scam [cryptocurrency](/news/article/what-is-future-of-cryptocurrency) by top cybersecurity firm [Check Point Research](https://cointelegraph.com/news/dingo-crypto-token-flagged-as-scam-over-99-transaction-fee-backdoor) after it found that a smart contract function which it identified as "setTaxFeePercent” can alter the buy and sell fees of a contract.
 
setTaxFeePercent is an essential part of the code behind the project's smart contract and can manipulate transaction fees, which could see owners of Dingo [crypto](/news/article/crypto-hacked-blockchain-bandit-active-again) withdraw up to 99% of transactions associated with the cryptocurrency when a buy or sell order is placed. 

A red alert has been triggered by Check Point Research because the project’s whitepaper clearly states that only a 10% fee will be charged for every transaction. 

According to the cybersecurity firm, an example of the use of the setTaxFeePercent was evident in the purchase of $26.89 worth of DINGO by one trader, which should have seen the person's wallet credited with 427 million tokens.

With the 99% withdrawal feature in place, the trader received 1% of the tokens, resulting in a total of $0.27 worth of Dingo tokens.

Like many shady projects, there is not much information about the development team behind the soaring crypto token. As of 6 February, the new token has spiked more than 70% since 30 January. It reached an all-time high (ATH) of [$0.000000006993](https://coinmarketcap.com/currencies/dingo-token-new/) on 5 February.

## Dingo token has negative reviews on CoinMarketCap
 
CoinMarketCap is one of the most patronized crypto tracking portals in the decentralized finance space. Many crypto stakeholders have highlighted the potential dangers of engaging with the token.

One user who goes by the name mile80 warned potential investors, "For those who have not seen the research on this so-called token, it is a scam. You buy and, without knowing, they take 99% of your money as per contract and give you only 1% worth of this scam token."

Another trader with the name akhilbasnotra24 had problems with the tokens swapping ability. He pointed out that potential traders and investors should "stay away from this shitcoin. 

Once bought, you won't be able to swap it back to another coin". 

There are many scam cryptocurrencies on the market today, so do your own due diligence before throwing money behind a digital currency in 2023.


green image of dingo crypto logo on green background

Dingo Crypto is a Scam Cybersecurity Firm Says 

[Pionex](https://www.pionex.com/en/) was created on 24 June, 2019 in Singapore by Daniel Seng-Cheng YEO, a finance industry expert focused primarily on automated trading.

[Automated trading](https://www.investopedia.com/articles/trading/11/automated-trading-systems.asp) can also be termed as a mechanical trading system that allows the automatic execution of trades once certain specific rules for both trade entries and exits are established. 

Due to the extreme volatility associated with cryptocurrencies and the entire decentralized finance (DeFi) sector, Pionex has created 16 free built-in trading bots to help the trading efforts of sophisticated (those with knowledge and experience) and unsophisticated (those without knowledge of fundamental and technical analysis) traders and investors.

Just because the platform was built with automated trading in mind does not mean that it does not support manual trading. Pionex supports manual trading, but this comes with limits and market orders.

Performing the same function as a regular cryptocurrency exchange, traders can buy and sell cryptocurrencies against the stablecoin United States Dollar Tether (USDT).

## Pionex has low trading fees

Many cryptocurrency exchanges are competing for the same number of crypto investors. This is why this trading platform has one of the lowest fees in the space.

Trading [fees](https://www.pionex.com/en/fees) stand at 0.05% for both makers and takers in the spot market. This means that buying, let's say, [ApeCoin (APE)](/news/article/gucci-accepts-apecoin-payment), which was trading for [$5.13](https://coinmarketcap.com/currencies/apecoin-ape/), as of writing on 14 January, 2023, with $100 will give 19 APEs while you pay less than $1 in fees. 

This explains why the exchange records more than 100 million trades daily, processes more than $5 billion in monthly trading volume, and is accessed by potential traders from 100 countries and regions. 

To compete with exchanges specializing in crypto trading bots and others such as Binance, OKX, Gemini, Kraken, Bitget, Huobi, JPEX, and others, Pionex supports approximately 379 coins and tokens. 

Popular cryptocurrencies on the platform include, but are not limited to, Bitcoin (BTC), Ethereum (ETH), [Solana](/news/article/bored-ape-solana-club) (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), [Cardano](/news/article/cardano-analysis-and-explanation) (ADA), Algorand (ALGO), Cronos (CRO), and Fantom (FTM).

## Highly accessible 

It is bad news for any trader to run into problems with liquidity, speed of processing transactions (execution), or verification when customer service cannot be reached instantly.

Within minutes, traders can reach customer service personnel through email support or via live chat through texting. 

Aside from being customer-service friendly, Pionex can also be accessed on [Google Play](https://play.google.com/store/apps/details?id=com.pionex.client&referrer=utm_source%3Dofficialweb&pli=1) and Apple Stores for smartphone users whose devices run Android and iOS.

Despite the positives, the platform lacks a demo account for novices to practice trading with virtual funds. Many crypto exchanges have this feature which can be invaluable to the fortunes of traders in the long term. 

## How to set up a Pionex account

Setting up an account with Pionex is just like creating an account with many centralized exchanges. You must provide legal details of your full name, home and email addresses, and phone number. This will be essential in the next phase of the account creation process.

You must adhere to a verification process where details of information earlier input will need to be uploaded to confirm that the person sitting behind the smartphone or personal computer is a human being. Once verification is complete, you can fund your account and start trading.

## Conclusion: Is Pionex exchange safe?

Pionex is safe to use because it has some of the most credible partners in the crypto game, including Circle, the issuer of the USDC stablecoin, the largest crypto exchange Binance, Simplex, CoinLedger, and Alchemy Pay.


Why is Pionex Trending Online? 

Loaded Lions is a non-fungible token (NFT) collection by [Crypto.com](/news/article/crypto.com-ceo-past-includes-bankruptcy), one of the most vibrant ecosystems in the crypto, NFT, Web3, and Metaverse. Crypto.com boasts a cryptocurrency exchange and [NFT marketplace](/news/article/crypto-com-nft).

The collection comprises 10,000 unique Profile Picture (PFP) avatars. Despite the milestones accomplished by many projects in the space, this NFT is the first native platform-owned project released into the digital collectibles space. 

Like other NFTs such as the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Moonbirds, CryptoPunks, and NBA Top Shots, some of the NFTs are rarer than others. A few are considered legendary and come with different prices.

## Loaded Lions NFT have received bids of $1 million

When the collection was launched in November 2021, [Crypto.com](/news/article/crypto.com-under-investigation) set a fixed price of $200 for each of the 10,000 NFTs. 

Within a few days, a few of the NFTs saw relatively higher bids. This led to them being listed for more than $1 million.

The owner of #1969 agreed to sell his digital piece, modelled after the now infamous "Fortune Favors the Brave" logo popularized by actor Matt Damon in his promotion of bankrupt crypto exchange FTX, for $1 million. 

The owner of #1953 increased his asking price to $2 million after receiving offers in the range of $1.3 million. 

Such financial activities and buzz around the collection led to a price spike of more than 600,000% for some of the 10,000 collectibles within days. 

As of 15 January, 2023, more than 4,000 owners have contributed to over [$50 million](https://crypto.com/nft/collection/82421cf8e15df0edcaa200af752a344f?sort=likes&order=DESC&lang=en) of volume traded. 

## Sale of the collectibles affects Crypto.com's token

There is a close relationship between certain cryptocurrencies and NFTs. FLOW, the native asset of the Flow ecosystem, is positively and negatively affected by the sales of NBA Top Shot and NFL ALL DAY. Ether (ETH), the primary cryptocurrency of the Ethereum network, is also affected by the trading patterns of popular NFTs such as CryptoPunks, [BAYC](/news/article/bored-ape-nft), MAYC, Doodles, Azuki, CloneX, and others. 

RON, the crypto asset of Ronin, is also affected by [Axie Infinity](/news/article/axie-infinity-coin) sales. 

In the same way, CRO, the native asset of Crypto.com, which was built on the Cronos blockchain, also thrives on the sales of the NFTs molded after lions to move up and down in value. 

In November 2021, [CRO](https://coinmarketcap.com/currencies/cronos/historical-data/) soared by 225%. The token opened on 1 November with a trading price of $0.2121, increased to a monthly high of $0.9698, tested a monthly low of $0.1974, and closed the month with a new price of $0.6904. Within the period, trading volume rose from as low as $145 million to as high as $2 billion. 

CRO market capitalization also soared to $17.4 billion from $5.4 billion. 

## Do the NFTs have a future?

Yes, Loaded Lions have a future, as they can add more volume to the already booming sales of the global NFT market. The milestones it reached in November 2021 contributed to the month's [$2.9 billion](https://www.cryptoslam.io/nftglobal?month=2021-11) from more than 1 million unique buyers, involved in over 7 million transactions at an average sale value of $404.30. 

As of mid-January 2023, the total global NFT market sales have surpassed [$45 billion](https://www.cryptoslam.io/nftglobal). The total sales for the first 15 days of the first month were [$422 million](https://www.cryptoslam.io/nftglobal?month=2023-01). 

With the filing of NFT trademarks at the US Patent and Trademark Office (USPTO) soaring by more than 20,000%, positive market sentiment could reflect in the sales of Loaded Lions and the entire digital collectibles sector.


Latest Moni