[Polkadex (PDEX)](https://polkadex.trade/) is a unique Defi project introducing a decentralised crypto exchange. It is developed using Substrate and AMM decentralised exchange models and the centralised order book mechanism. This DEX offers a non-custodial and peer-to-peer order book having a web3 foundation. 

 What makes the project distinctive is its native token, the PDEX coin. It is used for the network’s governance, and also you can stake it to earn profits. In this article, you can learn about what this altcoin is and how its protocol works.
 
## What is a PDEX coin?

It is the native token of the Polkadex trading platform on the [Polkadot](https://polkadot.network/) blockchain. For the network’s governance, this ERC-20 token is used. It allows the members to participate in critical decisions. Also, it will enable participation in IDOs and helps in validation.  

The [PDEX coin price](https://coinmarketcap.com/currencies/polkadex/) is around $1.75, with a total supply of 20 million coins. Since it is an inflationary token, its supply can fluctuate. However, there are only 1,963,860 tokens in circulation.

## How does the PDEX coin protocol work?

It was developed to solve the problem of high transaction fees, scalability, and decentralisation. For this reason, its team developed a platform using a blend of different technologies. 

Like [Polkadot](/news/article/polkadot-price-uk), it also works with the Proof-of-Stake (PoS) mechanism. But it used the technologies like Fluid Switch Protocol (FSP), Automated Market Maker, Substrate, and centralised order book model. These technologies ensure that it not only performs as a token but helps the DEX ecosystem too.

Because of this, they introduced a chain having a slim design that offered a throughput of 500K TPS. Also, it increased the liquidity and introduced feeless transactions on the platform.  

## PDEX coin staking

It allows you to take part in validation and provides incentives. If you hold the PDEX coins, you can stake them to make profits. The Nominated PoS mechanism selects validators for consensus. At the same time, coin holders can participate as nominators who can nominate 16 other validators. The tokens of both parties become collateral, and they can earn incentives on it.   

## Bottom line

PDEX coins are the natives of an innovative project introducing the idea of an efficient Defi DEX. It works on the PoS consensus mechanism and powers the entire ecosystem of Polkadex. It has several use cases like governance, validation, used as trading fees on the exchange, and earns you staking rewards. 



PDEX coin protocol explained 

The freezing crypto winter continues as the [Bitcoin (BTC)](/coins/btc) crashes to $18,762. In the last 24 hours, its price has decreased by 5.85%. Since July, this has been the lowest point for Bitcoin, showing signs of a further downward slope. 

On September 6, it was traded at $19,930 and experienced a sudden plummet. This price correction caused the liquidation of $74 million from BTC futures on the exchanges. However, before the BTC crash, Bitcoin experienced a 2% gain on the same day. If that trend persisted, it would have taken it to over $20k.

![btc crash.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_crash_c7827ab67e.png)

[Source](https://coinmarketcap.com/currencies/bitcoin/)

## BTC crash and altcoins tumbling

The BTC crash has affected the entire crypto market. Most of the altcoins are in a slump right now. Though Ethereum has gone through the Bellatrix upgrade, it also shows a downward trend. Currently, [ETH](/coins/eth) is down by almost 9%, and it’s worth only $1,517.89. 

Meanwhile, other altcoins are also experiencing the severity of crypto winter. Binance coin (BNB) is currently down by over 5% in the last 24 hours. Moreover, one of the highest performing cryptocurrencies, [Polygon’s MATIC](/coins/matic), is experiencing a 10% downward slope. 

Solana has also dropped by 5.5%, and Dogecoin has fallen by 6.46%. Polkadot and Cardano both have declined by 8% since yesterday. In sum, the entire market is in red.

## Crypto market crash: Why is it happening?

There are many macroeconomic factors behind the recent crypto collapse. However, one of the main reasons behind it is the USD rate. The USD has reached its 20-year highest mark. The dollar spot index of Bloomberg is showing a record surge. Meanwhile, the treasury bills are also strengthening because of quantitative tightening from the Fed.

On the other hand, the traditional market is also falling. The NASDAQ has declined by 0.7%, and S&P 500 also plummeted by 0.4%. Similarly, the price of gold has also experienced a drop. 

Since the cryptocurrency market depends on these macroeconomic factors and the traditional financial markets, it is showing signs of collapse. 




BTC crash: Price falls below $19K, lowest since July

Liz Truss is set to assume the role of United Kingdom’s Prime Minister as she won the elections for Conservative party leader. Truss secured 57.4% votes for the position. On the other hand, her counterpart, Rishi Sunak, attained 42.6% of the votes. 

Since 2021, she has served as Britain’s Secretary of State for Foreign, Commonwealth and Development Affairs. 

Previously, since 2019, she has been performing the Women and Equalities Minister role. She has also been a member of the previous three premier’s cabinets, including David Cameron, Theresa May, and Boris Johnson. And now, she has become the country’s third female PM. 

![liz truss.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/liz_truss_dcdbeed5e3.png)
 
Source: Twitter 

## Liz Truss, Prime Minister’s previous stance on crypto

The new premier is known to be a supporter of digital assets. In 2018, Liz Truss, Prime Minister, advocated for [welcoming cryptocurrencies](https://twitter.com/trussliz/status/958253646986272769) without limiting their potential. Moreover, she also supported an anti-regulatory approach toward digital assets. 

Besides, as International Trade Secretary, back in 2020, she set up a trading network for digital assets. It aimed to promote fintech business and several other measures for virtual currencies. 

## Liz Truss, Prime Minister policies for crypto

Though the new premier plans for crypto regulations have not been confirmed, investors are hopeful for positive measures. However, in her campaigning, she staunchly advocated for low taxes. Recently, she also vowed ’[a bold plan](https://www.reuters.com/world/uk/britains-truss-expected-be-named-conservative-leader-new-pm-2022-09-05/)’ for cutting taxes. She said, “I will deliver a bold plan to cut taxes and grow our economy.”

As the UK aims to become a [global crypto hub](/news/article/cryptocurrency-investment-uk), a pro-crypto PM’s policies can be helpful. As the next generational transfer of wealth will be digitally focused, it is imperative that the UK has a regulation that does not restrict innovation. 

However, the country is also introducing harsh regulations on digital asset firms, especially those related to stablecoins. It would be interesting to see whether the new government officials will continue with that or if there will be an anti-regulatory approach. 


Pro-crypto Liz Truss becomes UK Prime Minister

[CoinTiger](https://www.cointiger.com/en-us/) is a Singapore-based centralised crypto exchange. It is one of the few exchanges that work on an equity mechanism and has also introduced its token. It has not gained much popularity globally, mainly catering to the Southeast Asian market. 

Nonetheless, around 1.8 million crypto investors trust this exchange for daily trades. Meanwhile, its 24-hour trading volume is over $810 million, which indicates its formidable size. [CoinMarketCap](https://coinmarketcap.com/exchanges/cointiger/) ranks it in the world's top 100 crypto exchanges. 

## CoinTiger digital asset exchange review

If you are still hesitant to trade through CoinTiger, here's its complete review!

## Trading order and deposit methods

Trading with CoinTiger is relatively straightforward. It allows trading through both cryptos as well as fiats. With that, it offers three trading orders: market, limit, and spot limit. Spot limit will allow you to trade at a specified price. 

Moreover, it also gives you multiple deposit options. Apple Pay, Mastercard, Visa, Wire Transfer, Swift, and several others are among them. Although you can purchase crypto via fiat currencies available on the platform, it does not allow fiat deposits directly.  

![cointiger.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_72c68088eb.png)
 
## Security

Is CoinTiger safe? It is one of the main concerns of the investors. The exchange provides three protection layers. The first one is Google authentication which you can enable for your logins and withdrawals. Secondly, you will have 2-factor authentication that will send you a verification SMS to confirm it's you. Lastly, you can set up a fund password for processing transactions securely. 

It has partnered with various cybersecurity firms to ensure network security and audit its smart contracts. However, one problem with CoinTiger is that it is not regularised. 

## Supported digital and fiat currencies

It is compatible with both fiat and cryptocurrency trading. Currently, there are over 300 coins listed on CoinTiger. Moreover, it also supports a wide range of fiat currencies. It is available in over 100 countries and allows you to deal in USD, CAD, AUD, EUR, and numerous other currencies.  

![cointiger 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_2_633bd56f0a.png)
 
## Trading fees

The trading fees on the platform are also minimal. As a transaction maker, you will be charged only $0.08. On the other hand, if you are on the receiving end, you might have to pay $0.15 on a complete transaction. Though the fees are nominal, you will get much cheaper rates on some exchanges like [Binance](/news/article/guide-to-binance-uk) or FTX.  

## UI/UX and customer support

User interface and experience are also important features to consider before opting for an exchange. CoinTiger offers a user-friendly interface through its iOS and Android-compatible app. Moreover, for the price charts, it uses TradingView charts, having basic and advanced modes. Moreover, to ensure accessibility, it is available in multiple languages. It allows investors across the world to use the platform.

![cointiger 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cointiger_3_df2329c030.png)
 
Besides, the best thing about the platform is its relaxed KYC policy. Because of this, you do not have to complete the verification process for trading. You can indulge in trades of up to 2 [Bitcoins](/articles/learn-moni/what-is-bitcoin) without KYC. It also provides 24/7 support via live chat.

## Possibilities for passive income

It also creates several possibilities for generating a passive income. This includes;

1.	CoinTiger staking pool
2.	Initial exchange offerings (IEO)
3.	Airdrops
4.	TigerCash native token

## Bottom line

CoinTiger crypto exchange is a diverse trading platform that has an equity mechanism. It offers a user-friendly interface with impeccable security. You can trade more than 300 cryptocurrencies with multiple trading orders and deposit methods. 

Moreover, you can generate a passive income through it. Its staking pool, IEOs, airdrops, and the native token might earn you profits. However, one issue with the platform is that any authority has not yet regulated it. Nonetheless, its overall features and security make it a legit exchange. 



CoinTiger review: is the exchange safe and legit?

The tech billionaire and the Bitcoin maximalist, Michael J. Saylor, have been charged for tax evasion. Karl Racine, District of Columbia Attorney General, has accused him of evading $25m in taxes. DC AG filed the charges on Wednesday, including the allegations against his company MicroStrategy.

Michael Saylor is an American entrepreneur who co-founded MicroStrategy and serves as its Executive Chairman. Moreover, he also has been a staunch advocate of Bitcoin, even during the [market downturn](/news/article/btc-markets-struggles).

## Allegations against Michael Saylor 

Racine filed the lawsuit in DC's Superior Court. According to the DC AG, the billionaire's company assisted him in evading taxes. That's why both Saylor and his firm are the defendants in the case. He further claimed that he has lived in the district for over a decade and has never fulfilled his tax obligations. 

![michael saylor.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/michael_saylor_67961312b7.png)
 
The charges also alleged that the person falsely claimed to reside in Florida, where income taxes are not applied. However, the tech entrepreneur has been in DC for more than ten years without paying dues. He has several properties in DC, including a Georgetown penthouse apartment and a yacht on the Georgetown waterfront. 

Besides, the AG is looking to recover over $100 million worth of taxes from the lawsuit. Moreover, the case used the accused billionaire's Facebook post as evidence that he has been residing in the district for years and was calling it 'home'.

## Michael Saylor resigned as CEO of MicroStrategy

Earlier, the tech entrepreneur resigned from his firm's CEO position. Now, he only serves as the Executive Chairman. As the CEO of the firm, he constantly pushed for Bitcoin. He also used more than $4 billion to strengthen the company's Bitcoin treasury. However, after the lawsuit, MicroStrategy saw a 10% downward trend in its shares. 



Michael Saylor indicted for $25m tax evasion

Recently, the United Kingdom and the European Union have introduced significant legislation to regulate cryptocurrencies. Both are working towards providing a safer environment to consumers. However, the divergence between EU and UK crypto regulations is becoming apparent. 

Since Brexit, the UK has been formulating new legal frameworks for different domains. Earlier, the [regulatory divergence](https://www.engage.hoganlovells.com/knowledgeservices/news/uk-and-eu-regulatory-divergence_1) for financial service providers gained much attention. Naturally, this divergence extended to virtual currency regularisation. 

The differences between the laws include the definition of crypto assets, virtual asset service providers (VASP), focus points in the enforcement strategy, and various others.

## How does UK crypto regulation differ?

One of the major differences between the EU and UK [crypto regulation](/news/article/crypto-regulations) is the definition. Britain’s Financial Conduct Authority (FCA) focuses more on “digital settlement assets”. It mainly includes stablecoins as a payment method. However, it does not declare them as a form of investment. On the other hand, the MiCA act of the EU has a broader definition which allows a variety of new tokens to be included. 

Similarly, there are differences in the definition of service providers too. The MiCA framework also proposes a broader interpretation of VASPs. It expands from fiat to crypto to crypto exchanges. Moreover, it covers advisory, trading, and custody services too. In comparison, FCA legal framework covers only custody and exchanges as VASP.

Last month, the [US and UK crypto regulation](/news/article/uk-crypto-regulation) authorities began collaborating to foster the cryptocurrency and NFT market, acknowledging the importance of regulatory partnerships for a safe market.     

## Differences in enforcement strategy

Currently, FCA’s primary focus is on stablecoins to mitigate consumer risk. It is also working with the regulatory bodies of the United States to regularise the market and foster financial innovation. Moreover, like the US’s SEC, it might act against scams and declare some coins and tokens as securities. On the other hand, MiCA focuses on a broad approach that includes the AML laws and establishing a risk-free environment for regional investors. 



UK crypto regulation diverging from the EU

The [crypto market is growing](/news/tag/bull market) daily, and more brokerages are emerging to handle crypto assets. One such brokerage which is looking to leave a mark is [BC Bitcoin](https://www.bcbitcoin.com/). It is a European-based platform which launched in 2017. 

It has limited options for fiat currencies. However, you can buy or sell a wide range of cryptos through the platform. It has not attracted much attention globally as yet. That’s why investors can be sceptical about its legitimacy. 

You can decide by evaluating the following features in this thorough BC Bitcoin review!

## Supported fiat currencies and cryptos

Currently, the platform offers its services to customers in Europe and UK. It accepts EUR and GBP deposits. However, you will not be able to buy or sell using any other fiat currency like USD, CAD, or AUD.

However, it allows you to deal with numerous cryptos. Over 180 coins and tokens have been listed on the exchange, including all the major coins like [BTC](/coins/btc), ETH, LTC, SOL, DOGE, etc.  

## BC Bitcoin trading fees

Using its services will cost you around 1% to 5% of the transaction amount. You can calculate the trading fees through the Buy Coin tab before the transaction. All you have to do is to enter the amount of crypto you want to buy/sell and choose your fiat currency.  

## Payment methods

In terms of payment options, it can be an impressive brokerage. It offers an array of payment methods that allow you to use its services efficiently. These options include credit and debit cards, faster payments, BACS, and instant SEPA. 

## Transaction speed

It can instantly transfer cryptocurrencies as it usually takes 5-10 minutes. Currently, the firm processes these transactions in one to two business days.  

## Security and regulations

To ensure the security of transactions, it follows a formidable verification process. So, if you want to use this service, you must comply with all the KYC requirements. You must provide your personal and financial details so BC Bitcoin can verify them. 
The exchange follows Lithuanian regulations as it is registered in this country. However, the UK’s FCA or any other European authority have not regulated the firm.   

## User experience

It offers you an excellent user experience. The platform guides you through the entire transaction procedure, which makes it easy to use. Moreover, it provides 24/7 customer support via different channels, including live chat, email, and phone. 

## Bottom Line

BC Bitcoin can be a viable crypto asset brokerage option in Europe. But it would not be the ideal choice in other parts of the world. Though it allows secure trading with over 180 coins, it only supports EUR and GBP fiat currencies. Moreover, you cannot get live insights as there is no price chart. Another dicey thing is that the UK’s FCA does not regulate it. 

On the other hand, BC Bitcoin’s trading fees and speed are not quite optimal. Various other options provide better speed with lower fees. 
 



BC Bitcoin review

The Islamic Republic of Iran officially accepts crypto as payment for importing goods. The country’s Industry, Mines, and Trade Ministry have approved a legal framework for virtual currencies. Iran is facing international [sanctions](https://www.consilium.europa.eu/en/policies/sanctions/iran/), so it expects to bypass them using crypto. 

Earlier in August, Iran also made its [first import](https://www.reuters.com/business/finance/iran-makes-first-import-order-using-cryptocurrency-tasnim-2022-08-09/) via cryptocurrencies. The order was worth $10 million, which allowed it to avoid global restrictions. 

## Trade Minister on the legislation

A local news agency [reported](https://www.rferl.org/a/iran-cryptocurrency-regulations-skirting-sanctions/32009292.html#0_8_10089_9356_3158_243148716) that Reza Fatemi Amin, the Trade Minister, has approved the legislation to regulate digital currencies. He briefed that this legislation will deal with all the issues like trade, licensing, and mining.

Amin shared his thoughts on the legislation and said it “specifies all issues related to cryptocurrencies, including how to provide fuel and energy for mining them, and how to grant licences.”

## Accepting crypto as a payment method to evade sanctions

Iran is facing financial sanctions globally for enriching Uranium for its nuclear program. The United Nations, as well as the EU, have imposed several restrictions on the country. Moreover, as the government has estranged relations with the United States, it cannot freely participate in the global dollar-dominated market. 

These restrictions have severely affected Iran’s economy over the years. That’s why the Islamic Republic is seeking to circumvent these restrictions through the use of digital assets. It will allow the country to import or export any goods worldwide. With this, it has become one of the largest economies for formally accepting crypto as a payment method. 

However, Iran is not the only one to approve digital assets for evading financial restrictions. Earlier, Russia also started using the same strategy to [bypass sanctions](/news/article/crypto-russia) and avoid international limitations for trading.

Countries bypassing sanctions by accepting crypto as payment may produce new regulations to monitor businesses accepting crypto for exports shortly.

Iran accepting crypto as payment for imports

Undoubtedly, [Bitcoin](/coins/btc) is the largest and most impactful cryptocurrency in the market. It has shaped the entire crypto market and blockchain industry. That's why many developers are introducing projects based on renditions in the Bitcoin protocol.
 
One such crypto is [Bitcoin Diamond (BCD)](https://www.bitcoindiamond.org/), launched in 2017. It is a fork of the BTC blockchain and is separate from the mainchain after the #495866 block. BCD aims to resolve issues like limited scalability, low transaction speed, and cost-intensive mining of BTC. 
 
But how does Bitcoin Diamond work? Let's take a look!

## Bitcoin Diamond (BCD) token

BCD token is one of the hard fork tokens of the BTC blockchain. It launched in November 2017, when the BTC's block reached its maximum capacity. Its creators modified the source code of Bitcoin and developed a separate chain. Introducing a new token enhanced security and scalability and provided better decentralisation. 

Also, its creators claim to offer lower transaction fees with greater efficiency than BTC. In addition, it solves the issue of the highly cost-intensive mining of BTC, as it allows mining through GPUs. There are currently 189,492,898 tokens in the market, whereas its maximum supply is 210,000,000 tokens.  
How does it work?

BCD mainly uses the Bitcoin Core but has several other features that help scalability, security, decentralisation, and mining through GPUs. The BCD chain differs from the BTC chain as it uses 8MB blocks and the Lightning Network as a layer-2 protocol for greater efficiency. It can process 100+ transactions in a second. Moreover, it encrypts the transaction amounts to improve decentralisation.

Though it also uses the Proof-of-Work (PoW) consensus mechanism, its algorithm is not the same. Instead of BTC's SHA-256 algorithm, it relies on the X13 PoW, which helps in making it compatible with various graphic user interfaces (GPUs) needed for mining. 

## Bitcoin Diamond (BCD) price

Bitcoin Diamond did not hold an initial coin offering (ICO). However, 10 BCD tokens were distributed to BTC holders for every Bitcoin. In the initial days, its price was around $60 and peaked at $104.84 on November 25, 2017. 

But since then, the coin has seen chiefly a downward trend. Its price is only around $0.1975, and it recently hit its lowest of $0.136 on June 13, 2022. 

![bitcoin diamond.jpg](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/bitcoin_diamond_94839ee77f.jpg)
 
([Source: Coinmarketcap, 2022](https://coinmarketcap.com/currencies/bitcoin-diamond/))

But since then, the coin has mostly seen a downward trend. Currently, its price is only around $0.1975, and it recently hit its lowest of $0.136 on June 13, 2022. 

## Bottom line

Bitcoin Diamond is one of the forks of the BTC blockchain. It uses a remodelled version of the Proof-of-Work mechanism to tackle the issues like scalability, security, decentralisation, and steep mining costs. This fork offers larger blocks and a lightning network for better efficiency. 

However, it has not gained much popularity compared to other forks like BCH, BTG, or BSV. The reason is that it has not performed well in terms of price so far. And its blockchain technology's use cases have not been quite as impactful. 

Bitcoin Diamond explained: how does it work?

As a novice crypto investor, one of the most difficult things to learn is creating accounts with different exchanges for buying different currencies or [trending crypto coins](/news/article/trending-crypto-coins). This often impedes users from entering the crypto market. But now, an easy solution for this is available in the shape of on-ramp platforms.

On-ramp platforms allow you to buy numerous cryptocurrencies in one place with your fiat currency. One fiat/crypto on-ramping platform that has become popular is [Transak](https://transak.com/) -the platform offers a smooth integration and onboarding process, which is ideal for small or medium-scale businesses. Let's find out how on-ramping works on Transak! 

## What is Transak?

Transak is an easy-to-navigate on-ramp platform allowing users to buy cryptocurrencies directly from their fiat wallets. It mainly works for small to medium-scale blockchain companies to offer their clients access to an array of coins. It currently supports over 100 cryptocurrencies on over 75 blockchains and is available in 125 countries. 

![transak.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/transak_a060de2ddb.png)
 
Currently, it is most popular in the UK, offering its customers an easy-to-integrate widget for their DApps. It can take care of all the KYC, regulations and offer multiple payment methods. With this widget, your fiat to crypto transactions would take about 8.5 minutes.

## How does Transak work?

Transak is built with keeping developers' ease of integration front of mind. It provides a customisable software development kit, making it flexible to be used with different platforms. It also offers white label APIs to further assist with customisation. 

## How to integrate it with DApps?

Firstly, you have to [create an account](https://dashboard.transak.com/login/email) with this on-ramp platform by providing all your business details and verifying them. Then head to the partner dashboard to explore API keys and secrets. You can also choose your percentage commission through the dashboard. For integrating it into your DApp, you can easily add the widget to your business website by adding [this code](https://transak.gitbook.io/transak-docs/coverage-and-capabilities/integration-options/browser-redirect-integration). You can also use various software development kits (SDKs), including JavaScript, Angular, Android, iOS, React Native, and others, to easily integrate. 

## Transak vs other crypto on-ramps

It is a relatively new name among the on-ramp platforms. Several other big players like eToro, Binance, Coinbase, Kraken, Crypto.com, and others exist. These platforms offer much more dynamic on-ramping services as they are exchanges. Moreover, these exchanges can complete transactions within seconds and have a larger library of cryptocurrencies. 

On the other hand, these are higher-priced options that are not desirable for small firms. Transak may serve as a better choice for these firms as it is cost-effective and does not require too much developer assistance. That's why it may be a worth exploring option for your business. 

## Bottom line

Fiat/crypto on-ramping has become a crucial requirement for users. It helps them to do trading on the go directly from their fiat wallet. Though numerous big names exist in this space, these are costly for small businesses. 

However, Transak provides a relatively economical option you can easily offer your customers. It deals with more than 100 coins and is flexible to integrate into your app or website. 




Transak fiat/crypto on-ramping explained

If you have been looking for recently launched breakthrough projects with high potential, you might have heard about [Mina coin](https://minaprotocol.com/). It was launched last year to introduce succinct blockchains. The protocol seems promising as its roadmap involves developments in blockchain software development kit’s (SDKs) and zero-knowledge apps. 

Though the project has not seen many developments yet, Mina’s price is growing steadily. If you are wondering about the prospects of investing in this coin, here are some insights!

## How does the Mina protocol work?

Mina protocol introduces itself as the world’s lightest [blockchain](/articles/learn-moni/what-is-blockchain), with a size of only 22KBs. It’s a layer 1 protocol that uses the zero-knowledge succinct non-interactive argument of knowledge (zk-SNARK) for proof. This allows the validator to verify without interacting with the prover directly. You can even operate it offline via your phone as a node.

It’s an enhanced PoS mechanism that allows all members to be involved in consensus. When a block is added to the blockchain, zk-SNARK can take a snapshot for validation. This protocol can be useful for keeping data untraceable and secure. 

## Mina coin price predictions 2023, 2025, 2030

According to Coingecko, the Mina coin’s current price is $0.92. It has seen a huge dip from last year’s high of $9.91. But considering it is new crypto and the market is going through a tough winter, its price is still reasonable. Current price predictions for the coin are either too bullish or suggest a crash. 

The most bullish forecast for the token is from [UpToBrain](https://www.uptobrain.com/business/mina-price-prediction/). It predicts that in 2023, its price might recover and hit the $25 mark. Moreover, it is likely to get doubled to $50 by 2025.

Analysts from [PricePrediction.net](https://priceprediction.net/en/price-prediction/mina) also suggest positive growth of the token. As per their forecast, the cryptocurrency will average $1.49 in 2023. In 2025, it is likely to be hovering around $3.23. By the year 2030, it might cross the $24 mark.

Compared to these predictions, [WalletInvestor](https://walletinvestor.com/forecast/mina-2-prediction) shows a bleak picture for the project. The forecast suggests that the token’s value might go as low as $0.18. Also, it indicates that it can be quite a risky asset for long-term investment. 
 
## Bottom line

Mina crypto is an innovative project that introduces a succinct blockchain. Some of its price forecasts indicate steady growth in its value until 2030. However, as the project has not seen major developments on the blockchain yet, its price might tank quickly with the market’s downward trend. This article does not serve as financial advice.

You should research before making financial decisions since crypto trading involves certain risks.



Is Mina coin a good investment?

In the crypto space, there has been a lot of back and forth discussions on AVAX vs Solana. Both these blockchains have risen as Ethereum killers because of their high efficiency and minimal costs. But which one is the ideal choice? 

[Solana blockchain](/news/article/solana-price-gbp) has developed into a diverse ecosystem where you can mint NFTs, develop DApps and games, as well as generate a passive income. On the other hand, [Avalanche](https://www.avax.network/) is an innovative solution for Ethereum limitations that works as a subnet for developing DeFi projects. 

Suppose you are considering investing in SOL or AVAX. In that case, this article will help you decide which crypto has the higher potential. Let's dive in!

## Should I buy Solana or AVAX?

Before buying any crypto, most people make the mistake of only considering the token's price. However, to gauge the potential of any crypto, you have to consider several other factors. Here are a few of them!

## Consensus Mechanism

Avalanche (AVAX) and Solana (SOL) are layer 1 networks that follow the Proof-of-Stake (PoS) consensus mechanism. To add a block to this mechanism, you need to stake a certain amount of the network's token. On the Avalanche network, you need at least 2000 AVAXs to validate the smart contract. 

In comparison, Solana uses a hybrid version of PoS that also involves Proof-of-History (PoH) for transparency and efficiency. This allows it to have better throughput and low latency. Moreover, its validation nodes only require a fraction of SOLs, which keeps its cost to a minimum. 

## Blockchain trilemma 

Both claim to resolve the blockchain trilemma of decentralisation, security, and scalability. Avalanche uses PoS along with the Snowball technology to achieve decentralisation and speed. It has a multilayer structure involving X, C, and P chains, which allows scalability. And since its C-chain supports the Ethereum Virtual Machine (EVM), you can acquire the security of the Ethereum network.

Contrastively, SOL blockchain uses a mix of both PoS and PoH mechanisms. This helps in improving its security and making it decentralised. Moreover, it is stateless and uses eight different technologies, making it more customisable and scalable. However, it still faces issues like network outages and security. Moreover, Avalanche has a slight edge for decentralisation, as it has a Nakamoto coefficient of 26, whereas SOL has only 19. 

## AVAX vs Solana Tokenomics

Avalanche token has a total supply of 720 million tokens, and 220 million are currently in the market. Half of the supply is in the genesis block, while the other half will be minted over time. Comparatively, SOL's total supply is 511,616,946, out of which 348,706,462.29 are circulating. Moreover, Avalanche has a better Total Value Locked (TVL) in DeFi protocols of 11.21bn, whereas Sol's is around 6.88bn. 

In terms of price, [SOL (46.25)](https://coinmarketcap.com/currencies/solana/) is currently performing slightly better than [AVAX (29.50)](https://coinmarketcap.com/currencies/avalanche/). Solana's NFT marketplaces and DeFi projects make it a more valuable ecosystem than Avalanche, which is still evolving. 

## Efficiency and cost 

Avalanche can handle up to 20,000 transactions per second. In comparison, SOL has the potential to complete 65,000 transactions in the same period and has better throughput. Nonetheless, both options have a higher speed than Ethereum.  

In addition, SOL is also a better choice in terms of cost. The average transaction fee for SOL is only $0.00025, making it the most cost-effective ecosystem. However, AVAX is not too expensive and costs only $0.005 to $0.05. 
Bottom line

AVAX vs Solana: Which one is the best? Both cryptocurrencies are cost-effective, scalable, and efficient replacements for Ethereum. Yet, both have some favourable and unfavourable factors. 

AVAX is better than SOL in terms of decentralisation, security, and TVL. Whereas SOL transactions are faster and cheaper. It also has a growing community, NFT marketplace, and number of DApp projects, making it more performant than AVAX. 




AVAX vs Solana: Which crypto is the best buy?

The Japanese government plans to upgrade its cryptocurrency taxation laws for the fiscal year 2023. The country’s Ministry of Economy, Trade, and Industry (METI) and the Financial Services Agency will be introducing reforms for crypto-asset corporations’ growth. This move is aimed at strengthening startups in the country.

One of Japan’s news agencies [reported](https://www.yomiuri.co.jp/economy/20220824-OYT1T50011/) about the changes in the laws. With the implementation of these reforms, Japanese corporations dealing in virtual currencies are likely to get over 20% relief. 

## Suggested changes by JCBA and JVCEA

Earlier, two major digital asset advocacy groups [shared a proposal](https://cryptocurrency-association.org/cms2017/wp-content/uploads/2022/08/JCBA_taxreform2023_press-7.pdf). Now, laws for crypto tax in Japan might see reforms. The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA) campaigned to lower corporate cryptocurrency taxes. 

The proposal demanded creating ease for tax filers. They proposed that improvements are necessary to support the web3 and blockchain industry in the country. 

## Amendments in crypto tax in Japan

Here are some of the proposed amendments to crypto tax in Japan for the year 2023: 

1.	The new law will lower the tax on digital assets from 55% to only 20% for startups.

2.	Taxes will not be applied to unrealised gains on digital assets at the end of the fiscal period.

3.	Only Profits that are generated from trading will be taxed.

4.	Firms will have the option of carrying losses for the following three years.

5.	The laws will apply not only to cryptocurrencies but also to their derivatives.  

## Remarks from Hiroshi Mikitani

Prior to this news, the president of Rakuten Group shared his thoughts on the matter at a conference. While admitting the harsh regulations on virtual currencies, Hiroshi Mikitani said, “it’s stupid to start a business in Japan”. 

He also mentioned that firms should move their operations to other countries because of the regulations. In the last year, [crypto tax evasion](/news/article/crypto-tax-japan) has been a significant concern for the Japanese government, carrying out large-scale investigations in the Kanto region and other areas. 



Crypto Tax: Japan plans for significant reforms

Innovations in blockchain technology are constantly evolving in the DeFi world. Now, there are many projects inciting investors’ interest in DeFi. But unfortunately, it is also being used for many illicit activities. Some of these projects are based on Ponzi schemes or other [crypto scams](/news/tag/scam), making some investors sceptical about their legitimacy.

[HyperFund](https://thehyperverse.net/) is one such infamous project which is controversial for using multi-level marketing. This platform claims to be a virtual Metaverse having its own currency and ecosystem. However, it seems to run a Ponzi scheme that promises over 400% ROI. Let’s find out what exactly HyperVerse is and what it offers!

## What is HyperVerse or HyperFund?

HyperFund, now known as HyperVerse, is a virtual galaxy with multiple planets. According to the website, it covers the themes of time travelling and alien creatures, having a futuristic setting in its game. You can also explore and participate in different activities on this Metaverse as voyagers.

Its [whitepaper](https://thehyperverse.net/whitepaper.pdf) suggests that it is a decentralised autonomous platform that offers its currency, HVT. Users can indulge in trading, play games, or socialise through V-DAO. 

## What makes HyperFund doubtful?

Here are some of the reasons why it sounds dubious:

•	Its affiliate program promises a massive ROI of 300% if you continue to contribute.

•	Many verified HyperFund reviews suggest that the company runs on a Ponzi scheme. 

•	Its website does not provide much information about the firm’s owners. 

•	The United Kingdom’s Financial Conduct Authority (FCA) has not registered the company and has directed investors to beware of this unauthorised firm. 

•	The company is a part of New Zealand’s list of scams maintained by the Financial Markets Authority (FMA).

•	As per the information available on the website, it is unclear what services it provides as a DeFi platform. 

•	Authorities in Guernsey also recognised it to be a controversial firm. 

## Is HyperFund a scam?

The platform runs a membership reward program. Previously, it was membership 1.0 that offered up to 300% profits in 20 months of investing. However, as the platform has upgraded to HyperVerse, it has introduced Membership 2.0. 

This reward program promises 4x rewards. If you invest 300HU, the platform claims to reward you 1200HU. Meanwhile, it also pledges 0.3% daily rewards. And to be part of this reward program, you at least need to invest 125 HU. Moreover, users can earn further rewards when they refer the platform to others.

These profits sound too good to be true. The reviews from the members of this reward program suggest that the company is a scam. Most users complained about not receiving any revenue even after months of investment. 

Furthermore, it has been recognised as a scam by the financial authorities of the UK, New Zealand, and Guernsey. 

Therefore, HyperFund checks most of the boxes for a Ponzi scheme. 

## Final take

HyperFund/HyperVerse is a scam as it is running a Ponzi scheme according to various sources. It pledges huge profits of up to 400% through its affiliate and referral program. However, the users have reported that the company is not providing any rewards as revenue. Several financial authorities have already recognised it as a scam.

Be warned and beware!



HyperFund review: is HyperFund a Ponzi scheme?

Ukraine has recently located and taken control of a crypto wallet  allegedly involved in raising Russian funds to support military efforts in the invasion of Ukraine. According to the Security Services of Ukraine (SSU), they have blocked Russian crypto wallet used for sponsoring the war in Ukraine. 

The wallet belongs to a self-proclaimed volunteer for the Russian Federation's invasion of the country. SSU has also detained the person and is undergoing further investigations. 

## Russian crypto wallet holding over $19,500 seized

Ukraine’s SSU also shared that the account had cryptocurrencies worth up to $19,500. The intelligence agency is currently tracking the previous transfers. Moreover, they have not decided yet on whether they will transfer the assets to Ukrainian jurisdiction.

The SSU gathered intel from several international cryptocurrency firms. And they used a specified ‘mechanism’ to seize the Russian crypto funding. 

## Revelations from the investigation 

The national police and the Prosecutor General carried out the investigation. The investigations revealed that the alleged Russian military volunteer used a significant amount of the funds to buy weaponry. It was to facilitate the separatist militants from Luhansk and Donetsk People’s Republic (L/DNR). 

Moreover, it was revealed that the alleged person was running campaigns on social media to raise funds through payments in ccryptocurrencies. Since the start of the Russian invasion, he has constantly been creating digital content and sharing content with others. However, they did not disclose the identity of the person yet.

## Crypto and the Russia-Ukraine conflict

Digital assets have been a part of the Russia and Ukraine war since the beginning. These assets have been used to facilitate both countries’ militaries. Previously, cryptocurrency investors started a campaign named ‘[Aid for Ukraine’](/news/article/ukraine-crypto-aid). This drive collected more than $54 million for the Ukrainian cause. Moreover, the country also imposed a [crypto ban](/news/article/ukraine-cryptocurrency-ban) to stop the flow of money out of the country. 

On the other hand, Russia is also using cryptocurrencies to bypass international sanctions. It recently raised over 2.2 million in [Russian crypto](/news/article/crypto-russia) funds.



Ukraine snags Russia crypto wallet funding invasion

Last month the Crypto.com got [approval from the U.K.](/news/article/crypto.com-news-uk-approval), now the leading exchange is about to upgrade its arena. It has been announced that the Crypto.com Arena will undergo an extensive renovation project worth millions. It is working with AEG Sports to expand its services in the sporting sector. 

![crypto.com.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/crypto_com_9c882fbdcf.png)
 
This strategic investment has been made by Crypto.com to continue its marketing effort towards attracting clients from the professional sports betting market. Many sports fans already engage in sports betting and  may be interested in using the platform for their crypto currency investments. 

## Nine-figure investment plan

AEG Sports has outlined a nine-figure investment plan to help make significant improvements in the stadium. The renovation project is scheduled to be completed in the next two years. However, this renovation project would not affect sporting activities and events. 

The project includes a makeover of the entire venue’s infrastructure, chairman’s club, suites for the main concourse, installation of LED screens, and building a Tunnel Club. Moreover, it will also be linking the L.A. Live area to the Crypto.com Arena, which would include an outdoor socialising space.  

The CEO and President of AEG, Dan Beckerman, shared his thoughts on the project. He mentioned the firm previously has also invested millions in this historic and state-of-the-art venue. He said this investment shows the firm’s commitment to serving sports fans, players, and artists.  

On the other hand, Tim Harris, the Lakers’ president of business operations, also shared his views on the project. He said, "Lakers and AEG have shared a vision of providing a premier experience”. He also believes these renovations and upgrades will transition the venue into “a pinnacle of entertainment for decades to come.”

The makeovers are expected to be completed in the year 2024. However, the upcoming NHL seasons and 2022/2023 NBA will see comprehensive upgrades that will provide a better fan experience. 




Crypto.com Arena to get extensive renovations

Familiarising yourself with a new token always seems a daunting task. And this gets even more difficult if you are dealing with a token like [XRPHD](/news/article/xhd-coin-explained), which is listed only on a few crypto exchanges. So, if you are looking to buy it and want to know what the XHD to USD exchange rate is, you might not be able to do so easily.

To make the process simpler for you, here's an easy guide on how to find out the conversion rate of XHD to USD!

## What's an XRPHD coin? 

Before you move on to take any investment decision regarding the XRPHD token, you must get some background information. This token is another project by Ripple Labs which was launched in 2019. They introduced it as an alternative to XRP. The coin works with the conditioned proof-of-capacity consensus mechanism and offers a better decentralised and safer ecosystem. 

## Where to find out conversion price of XHD to USD

If you want to invest in the project, it's essential to know the token's price in USD. The first step for converting the coin's price is finding a trustworthy source that has listed the coin. Currently, one such popular and credible website that has registered the coin is [BeINCrypto](https://beincrypto.com/). Let's find out how you can check what the conversion rate is through this website!  

## How to find out conversion price XHD to USD on BeINCrypto

BeINCrypto is a crypto news website that has listed the XRPHD tokens on its rankings. For finding out the price approximation of the token in US dollars through the website, you can follow these simple steps:

1.	Firstly, you need to find it on its website. You can easily do that through the search bar. Or you can directly go to [this link](https://beincrypto.com/convert/xrphd-to-usd?amount=1).

2.	It will open a page with all the information related to the coin. Here, look for the conversion calculator. 

3.	Now, type the amount of XHD you want to convert to US dollars, and it will automatically calculate it for you. 

4.	Also, through this BeINCrypto exchange rate calculator, you can also check the USD to XHD rate. 

## Bottom line

Currently, XRPHD is not readily available on crypto exchanges. However, you can check out the XHD to USD exchange rates through the BeINCrypto website. It offers a crypto conversion calculator through which you can check the price of any token against a fiat currency or other digital token. As per the current conversion rate, the XRPHD's price in US dollars is only $0.00000146. 




How to find out the conversion rate of XHD to USD

Seed funding worth $9 million has been raised at the startup crypto exchange [Rocketplace](https://rocketplace.com/). It is a US-based startup looking to enter the digital asset management space. The firm aims to allow investors to do commission-free cryptocurrency trading. It is currently dealing with over 30 different tokens on which it charges 0% commission.

Recently, the company started a financing round in which it was able to secure a $9m in its seed funding round. It is quite remarkable as the market is going through a bear run, and cryptocurrencies are rapidly losing their value. Moreover, many digital asset companies like Celcius and Voyager have filed for bankruptcy. 

Earlier, one of the leading decentralised cloud computing networks, Cudos, concluded its series of funding rounds and secured over [£10 million](/news/article/cudos-funding-over-10-million). 

## Rocketplace plans to grow its crypto offering with seed funds

Ben Hutchinson and Louis Beryl, who are the co-founders of Rocketplace, will mainly focus on fund management and distribution. They believe that cryptocurrencies are likely to see an explosion of new projects. And in this scenario, services related to administering and distributing funds will be in high demand. 

Also, Louis Beryl mentioned that their distribution model will also be in full compliance with regulations. It will educate investors to comprehend the regulations to correctly follow them. This is why they claim ‘to not just be another exchange’.

## How did Rocketplace secure the seed fund crypto?

As of now, Rocketplace is only a 10-member company, having two experienced co-founders. Both Hutchinson and Beryl have been in the industry for a long period. They have worked with firms like Earnest, Y Combinator, a16z, and SolidEnergy Systems. Their reputation of prior experience and expertise allowed the startup to secure substantial funding in the seed round. 

It acquired financing from renowned firms like Accomplice, TTV, Soma Capital, and Menlo Ventures. Moreover, throughout the funding round, Launchpad Capital was the lead investor for the firm. 



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Author: Wasay Ali

Author: Wasay Ali | Page 10