The developers of Dogecoin started it as a satirical project to mock the crypto market. In 2021, it gained investors’ attention such as Elon Musk, Tesla and SpaceX founder, who became an advocate for DOGE. The coin enjoyed a 200% rise last year. But this brief rise soon ended due to bearish trends in the crypto market.

Since the start of 2022, DOGE’s price has been lingering around $0.07-$0.18 with no signs of recovery. Contrastively, the community is still quite optimistic about its potential rise. In this scenario, one might wonder, “should I buy Dogecoin and is it worthy of investment in 2022?” 

Let’s get some insight into its price to find out whether or not it can add value to your portfolio! 

## Dogecoin’s journey so far

It is the first of the meme coins that entered the crypto market in 2013. It works with the exact consensus mechanism as Bitcoin and Litecoin. However, its developers used PoW to mock similar cryptocurrencies. Last year, it finally started attracting investors due to Elon Musk’s influence. 

![should i buy dogecoin.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/should_i_buy_dogecoin_09d0a4d004.png)
 
This brief period of popularity lasted only till the mid of 2021. Even in late 2021, when most cryptocurrencies reached their all-time high, DOGE’s price remained stuck. So far, the highest mark it has hit is $0.73. Besides, it doesn’t show any signs of a rise currently. 
 
## Is Dogecoin a good investment in 2022?

Should I buy Dogecoin or not? To answer that, you should evaluate its potential as an investment and see why it can be a risky bet. 

## Positives about the coin

One of the positives about this meme coin is its strongly growing community. Endorsements from Mark Cuban and Elon Musk play a significant role in its growth. Moreover, it has introduced a new genre in crypto, meme coins, allowing it to enjoy a unique position in the market. Its scalability and ease of use for transactions also make it a decent option for mass adoption. 

## Why is investing in DOGE risky?

On the other hand, it has its risks. One is the false hype from influencers that makes it highly volatile. DOGE whales can opt out anytime, which can directly affect their price. Also, it’s an inflationary token with extensive supply. Every year, 5 billion tokens enter the market, resulting in a price drop. Moreover, the lack of innovation and developers’ negligence makes it unreliable. 

Find more about selling DOGE in 4 simple steps. 

## Final Verdict: Should I buy Dogecoin?

DOGE’s current price and its ecosystem dynamics suggest that it is not a reliable investment. For long-term investment in DOGE, you must consider your risk tolerance and whether it’s suitable for your portfolio. This article is a generalised opinion and should not be regarded as financial advice.



Should I buy Dogecoin in 2022?

[Monochrome](https://monochrome.co/), a capital growth fund, has been granted an Australian financial services licence (AFSL). It has become the first crypto firm in the country to secure approval. Now, Monochrome can expand its services by offering [Bitcoin spot Exchange-traded Fund](/news/article/btc-etf-approval) (ETF) in Australia. 

Former Binance Australia CEO Jeff Yew established Monochrome in 2021. Since February, the firm has been working on the crypto Exchange-traded fund. For this, they partnered up with the [Vasco Trustees](https://vascofm.com/), which helped the firm to get the licensing from the country’s authorities. The Australian Securities and Investments Commission (ASIC) granted permission for Monochrome to launch the crypto spot exchange traded fund. 
 
## The first AFSL-approved crypto ETF Australia

Monochrome crypto ETF will be the first AFSL-approved one in the country. Though the Australian ETF market is quite saturated, no asset managers are dealing with cryptocurrencies directly. Most fund managers operate as general financial asset managers and do not offer digital assets directly. Also, these firms are only compliant with the regions financial regulations to offer a crypto based product.

With Monochrome receiving an Australian financial services licence. This will allow it to offer a crypto spot ETF in the publicly traded and regulated Australian financial market, making it the first exchange to achieve it.  

## Jeff Yew on the AFSL approval

While sharing his views on the approval, Monochrome’s CEO said it is a significant move that will introduce direct dealings with the cryptocurrencies in the country. He also mentioned that their fund will be a secure option for the investors as it will work within the ASIC’s regulations. 

Moreover, Jeff Yew disclosed that the investors can not only deal with Bitcoin but can also invest in other cryptocurrencies like Ethereum (ETH), Binance coin (BNB), and others. 

The final date for the Bitcoin spot ETF Australia launch is not yet finalised. However, it is has been said that it is likely to be launched next month. This move will give crypto trading exposure to the Australian market with substantial transparency and security.
 



Monochrome to offer crypto spot ETFs in Australia


A leading cryptocurrency exchange, [Crypto.com](https://crypto.com/) gets authorisation to operate in the United Kingdom. The country’s Financial Conduct Authority (FCA) provided the registration, in which the Crypto.com news announced on Wednesday. This will allow the firm to expand its crypto asset business throughout the UK as per the country’s regulations. 

Co-Founder and CEO of the firm, Kris Marszalek, shared his views on the confirmation and declared it a ‘significant milestone’ for the exchange. He believes that as the UK is looking to become a [global crypto hub](/news/article/cryptocurrency-investment-uk), expanding the firms crypto services to the region at this time would benefit them. He also showed his commitment to cooperating with the FCA regulations in order to strike the balance of regulation and innovation.

## Crypto.com news: Exchange to trade under FORIS DAX UK LIMITED

Other Crypto.com news suggests that the exchange might not work with this name in the UK. However, the FCA has listed a company under the name FORIS DAX UK LIMITED with the authorisation for certain crypto asset activities. It will also follow anti-money laundering and terrorism financing regulations in the country. 

Under the FCA registered trading name, the platform can offer services including exchanging one digital token for another or exchanging digital token for fiat money or vice-versa. 

Apart from that, FCA is also maintaining a [list of unregistered businesses](https://register.fca.org.uk/s/search?predefined=U) involved in digital assets trading. Along with 248 other names, CryptoCOM is also on the list. Mainly, the FCA has not authorised these companies as they fail to comply with the money laundering regulations.

## Significant regulatory approvals for Crypto.com

In August, the exchange was able to secure significant regulatory approvals. Though the FCA approval is the most recent one for the firm. Crypto.com has been regularised by Canada’s Ontario Securities Commission (OSC) and Cayman Islands’ monetary authority. Canada’s OSC approved a pre-registration undertaking from the firm on 15 August. Cayman Islands’ authorities also accepted the exchange as a virtual asset service provider on 11 August.  





Crypto.com news: The exchange gets UK approval

Play-to-earn [Metaverse games](/news/article/what-is-the-metaverse) are becoming increasingly popular among the gaming community. Now, Metaverse platforms are introducing various genres ranging from MMO battles and simulation games to card trading and even sports games. 

One of the most sought-after genres among Metaverse games is crypto farming games. This genre has an immersive virtual world of farming where you can play and earn crypto at the same time. If you are new to the farming games in the Metaverse, here you can discover the five top-rated titles of the genre! 

## Top crypto farming games in the Metaverse in 2022

Let’s check out the 5 best titles for farming games in the Metaverse!

1.	[Plato Farm](https://www.platofarm.game/)
Plato Farm is another impressive crypto farming game where you can grow crops and keep livestock to generate profits. The ecosystem of Plato Farm includes two tokens; PLATO and MARK. PLATO token is a status symbol in the game; the higher your level, the more PLATOs you will hold. In contrast, MARK is the most common trading medium on Plato Farm. You can stake MARK tokens to get PLATOs.

It is situated in the ancient Greek times of the Philosopher, Plato. Moreover, its entire ecosystem portrays the Philosopher’s ‘kingdom of fairness’. You first need to buy land and other resources to make money in the game. Then you can grow crops, breed your animals on your land and get rewards in the two tokens. 

2.	[CropBytes](https://www.cropbytes.com/)
CropBytes is a versatile Metaverse farming game with a balanced economy. The economy of CropBytes depends on the virtual token, CBX. To earn CBX, you first need to get the assets and start growing crops. Then there are animals you have to feed and get extracts from them. Also, you can gather utilities from farms that you can use or sell.

The extracts from animals can be converted into CBX tokens. You can use these tokens to generate a passive income or trade them for other collectables. It is an all-in-one farming game in the Metaverse that allows you to socialise, play, and earn at the same time.       

3.	Plant vs Undead
Plant vs Undead is another innovative project among farming games in the Metaverse. The farming on Plant vs Undead depends on the plant synergy. If three plants from the same group are positioned adjacent to each other, it results in a plant attack. Moreover, if five are arranged together, there will be an explosion. 

The game introduces has its own crypto, the PVU coin. This coin can be used within its ecosystem as a utility token to facilitate every transaction. You can buy plants or seeds through it or can trade them for in-game NFTs. The best thing about the game is that it has several free plants which can also earn you rewards. 

4.	HappyLand
If you are a fan of mini idle games, HappyLand will be perfect for you. This play-to-earn game is a sophisticated DAO project with advanced tokenomics. It is home to the HPL token as a virtual utility currency within its marketplace. 

HappyLand offers a variety of mini play-to-earn games through which you can earn rewards. This includes fun idle gaming like hunting crows or pig racing. You can also stake the rewards earned through them to get collectables as rewards. You can buy five different types of land for farming. These include Euphoria, Meadows, Woodland, Highland, and Valley.

5.	Farmer’s World
Farmer’s World is another exciting project among farming games in the Metaverse. This 3D virtual world of farmers has unique gameplay because of the addition of jungle monsters. To protect your cultivated land, you have to fight against them with your pets. Winning this fight can earn you rewards in WAX, the native currency of the game.

Besides fighting jungle monsters, you can mine GOLD or get WOOD to create different tools by playing games. Also, you can catch fishes which can get you FOOD. This will help in increasing your in-game strength. Lastly, you can breed your pets at the farm and can build sheds and cages to keep them safe.  

## Bottom line

Farming games have become a highly sought-after genre in Metaverse gaming. The reason behind that is the variety of activities you can perform in these games. You can grow crops, breed livestock, build different things, and can play fun idle playoffs along with [earning rewards](/news/article/how-to-invest-in-metaverse) with real-world value. 

This article explored the 5 best farming games in the Metaverse that are worth a try. Among these titles, the most innovative is Plato Farm. It’s themed on Plato’s ideas and has tokenomics involving two tokens. Other than that, HappyLand, CropBytes, Plant vs Undead, and Farmer’s World - are all fun play-to-earn farm sims games. Enjoy your farming experience! 







5 best farming games in the Metaverse

One of the leading decentralised cloud computing networks, Cudos, concluded its series of funding rounds. In this successful series, [Cudos funding](https://www.cudos.org/blog/cudos-raises-10million-in-funding/) hit the £10 million mark. Initially, the firm raised around £2 million in seed funding and has further capitalised on that with a series of subsequent funding rounds. 

Cudos is one of the projects of the Cudo ventures. It has now become a global leader in cloud computing and blockchain-related services. The firm is working on providing sustainable and decentralised cloud computing services with its innovative approach. 

Let's see how Cudo Ventures managed to close the capital and what its plan is to grow after securing the substantial Cudos funding! 

## What's Cudo Ventures?

Cudo Ventures is a highly acclaimed, United Kingdom-based firm. A serial tech entrepreneur, Matt Hawkins founded the company in 2017 and still serves as its CEO. Its offerings involve cloud computing networks and developing decentralised platforms. It also has two more projects under its umbrella. These projects are related to sustainable computing and [crypto mining](/news/article/sustainable-mining). 

The firm has launched its own digital token, known as CUDOS. It is the native token that helps in monetising platforms by working as a utility token for them.

## The services Cudos offers

The venture has three main projects in its ecosystem, offering different services. All these projects can work together to combine the power of cloud computing and blockchain technology. These projects include:

1.	Cudos - A decentralised cloud-based computing network.

2.	Cudo Compute - Sustainable computing that utilises the unused power from systems

3.	Cudo Miner - An automated crypto mining service.

## How did Cudos funding raise £10 million?

The press release from the company disclosed that its worth had reached £10 million. It also declared that the Cudos funding took place in a series of rounds. Moreover, it also provided a breakdown of the capital. 

The initial seed funding for the company raised around £2 million. Then, in the pre-series A round, it closed another £2 million. This was further followed by £3.7 million for the token raise. Apart from that, an advanced subscription agreement (ASA) added £2.2 million. Lastly, the firm's strategic partners helped in raising £1 million.

The network has the support of numerous enterprises that helped it secure decent funding rounds. It is backed by enterprises like [Moonrock Capital](https://www.moonrockcapital.io/), BlackDragon Research, BMW Capital, [CSP DAO](https://cspdao.network/), Floem Capital, Exnetwork Capital, and others.  

## What does Cudos funding mean for its growth?

As the company has managed to secure modest capital, it is now looking to expand its business. The firm is looking to attract crypto investors by launching it on several exchanges. After the funding, it launched its token on the Bitmax exchange. 

Moreover, the Crypto.com exchange has also listed the coin, which is now available in over 90 countries. Other notable exchanges that listed the token are Kucoin, Huobi Global, and Bittrex Global. 

In addition, Cudo also launched a mainnet for its network that will further help build decentralised computing infrastructures. Matt Hawkins, the CEO of Cudo, termed the launch an 'incredible achievement.' Also, he expressed that the mainnet launch will help develop sustainable and decentralised computing networks for a more connected world. 

Non-fungible tokens might also enter the Cudos network. Its roadmap suggests that the network may introduce native support for NFTs usage. Also, there can be a bridge between Ethereum and Cudos for conveniently transferring NFTs. With all these innovations, the company seeks to expand its operations. 



Cudos funding round secured over £10 million

Ripple entered the crypto space back in 2012 as a promising project. It offered a low-priced, fast, and cross-border money transferring service that gained great popularity. However, in 2020, it faced a severe [lawsuit](/news/article/ripple-xrp-latest-news) from the Securities and Exchange Commission (SEC) in the United States. The case is yet to be concluded, but it has affected the popularity of XRP.

Ripple faced a lawsuit because it deviated from its fundamental goal of providing secure cross-border money transferring service. However, its impact on the token’s price is still unclear. So, if you are wondering about the XRP price in the UK, here are some insights!

## What is the SEC vs Ripple case?

The US’s Securities and Exchange Commission (SEC) filed a case on Ripple Labs in December 2020 for raising funds through XRP. In 2013, the firm allegedly raised more than $1.3 billion through illicit means. The complaint from the SEC involved charges against the current and previous executives for making gains. 

## SEC’s complaint

As per the SEC’s complaint, the company raised capital by holding its native token’s Initial Public Offering (IPO) without registering it as a security. The firm sold XRP as an unregistered security to the investors. Investors bought the tokens considering their shares in a venture, hoping their price would gradually increase.

According to the [SEC press release](https://www.sec.gov/news/press-release/2020-338) ‘Ripple allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. According to the complaint, in addition to structuring and promoting the XRP sales used to finance the company's business, the founders Larsen and Garlinghouse also effected personal unregistered sales of XRP totaling approximately $600 million’. SEC advocates that these tokens should be classified as securities rather than utility tokens.

## Ripple’s Stance

On the other hand, Ripple claims that the SEC did not warn the firm about the issue. According to its lawyers, the SEC did not notify Ripple’s executives about the classification of XRP as a security. The US regulator also confirms this stance. 

Moreover, lawyers also claim that the SEC has been biased towards the firm. They have claimed that various crypto firms like Ethereum have connections with a few SEC members. However, it has not been established in court yet.
 
## What will be the implications on XRP price (UK)?

So far, the US court has not announced a date for giving the verdict, but the case is approaching conclusion. The proceedings of the case might not only affect Ripple Labs but can also negatively impact the crypto market. The reason is that if the court weighs in with SEC’s claim of XRP being declared a security, it would also apply to various other virtual currencies working with the exact mechanism. 

If the court declares the token a security, the XRP price will come crashing down. The XRP price in the UK might not be able to recover. Also, as it can be a legal precedent for all the countries, it will likely affect the entire crypto market. Moreover, Ripple can question Ethereum too, as it can also fall under the definition of security. This might further aggravate the ongoing crypto winter. 

Nonetheless, this would be the case only if the SEC wins the case. Otherwise, if Ripple Labs wins this court battle, we might see the XRP price (UK) getting strengthened. 




SEC vs Ripple case influence on XRP price in UK

One of the largest asset management companies [Blackrock Inc](https://www.blackrock.com/corporate). has recently entered the crypto market. It has introduced a private trust that allows its institutional clients in the US to get exposure to spot Bitcoin. Moreover, the news about Blackrock investing in [Bitcoin](/coins/btc) came through after [partnering up with Coinbase](/news/article/blackrock-crypto) for crypto custody and trading services. 

## Blackrock investing proves beneficial for Bitcoin

Blackrock investing in the crypto market has been quite constructive for Bitcoin. On 11 August, its price reached almost $25,000. Though its price has slid to $23,987, the move has boosted investors’ confidence. The overall market sentiment has also been bullish. 

Many known figures in the crypto space also welcome the Blackrock initiatives as a landmark for the market. William Clemente, the lead analyst for Blockware, called it the ‘[most bullish news](https://twitter.com/WClementeIII/status/1557723939366895617)’ for Bitcoin hodlers. He pointed out that it would ensure security for the investors. 

The company itself has also changed its stance on cryptocurrencies. Five years back, its CEO, Fink Larry, labelled Bitcoin as a money laundering index. However, now Blackrock is investing in a BTC product and a crypto trading services as well. As per the statement from the company, the interest from institutional clients in crypto has inspired them to enter the space. 

## Other asset managers in the crypto market

Though Blackrock investing in digital asset class services has been the most impactful, several other players are entering this volatile market. Earlier, Charles Schwab’s asset management arm also invested in the market. It introduced an exchange-traded fund (ETF) for the institutions linked with cryptocurrencies. With the STCE ticker, this ETF was introduced on the 4th of August 2022 on the New York Stock Exchange for trading.

On the other hand, the UK giant, Abrdn, is also exploring cryptocurrencies. This week, FTSE listed Abrdn bought a stake in the exchange Archax, a UK-regulated digital tokens and assets exchange. 



Blackrock investing strengthens crypto’s position

[Monero or XMR](https://www.getmonero.org/) is a widely popular and unique cryptocurrency because it allows users to remain untraceable. But it has also gained traction from criminals as they can keep their anonymity. This led to the discussions about a ban on Monero in Australia and several exchanges delisting it, which made buying this cryptocurrency quite challenging.

So, if you are also unsure whether you can buy Monero in Australia or not, this article will help clarify your doubts!

## What is Monero (XMR), and how does it work?

Transparency is the key feature of most of the crypto blockchains around the world. But Monero is the cryptocurrency that argues blockchain transparency leads to user identity and is unsafe. That’s why it introduces a blockchain which is confidential and untraceable. The details of each transaction on the blockchain remain hidden, keeping the sender and receiver identities safe. 

It works with three different technologies to keep the data confidential. Firstly, Monero uses temporary stealth addresses that detach the receiver’s public accounts from the transactions. Secondly, each trade requires a ring signature from multiple users. Other than the sender, these users include several decoys so that actual senders remain anonymous. The Ring Confidential Transactions (RingCT) is used as an added layer of confidentiality for encrypting transaction amounts. 

## How to buy Monero in Australia (XMR/AUD)?

You can easily buy XMR in AUD, as Australia allows trading these taxable assets. Like any other digital coin, you first need to find a trusted exchange to buy this coin. There are various credible names like Coinbase, OKX, Kucoin, etc., that you can opt for. After selecting one, create an account on that exchange. You can then convert your Monero to Australian dollar. 

## Get the XMR AUD conversion

Register your email and phone number and set up a secure password. Then you can verify your details and deposit your Australian dollars (AUD) into the account to buy privacy coins. It would require selecting a payment method like bank transfer, credit card, or other payment options. Choose one as per your convenience and proceed to deposit AUD. Finally, find XMR on the exchange and swap it with Australian dollars, and you will be all set to use it. 

## XMR as an investment?

Monero is a distinguished token because of its confidentiality. That’s why investing in such privacy coins would depend on your necessity for security. If you want your digital transactions to remain anonymous, buying XMR with AUD could be a rewarding choice, considering its current price. However, you must be aware that it might bring certain risks, like its reputation for illegal activities which is the reason why several countries and exchanges have delisted it. Remember exchange rates do fluctuate and the realtime price of Monero will vary. 



What is the XMR AUD conversion?

Blockchain use cases grow as the technology enters new domains. The tokenised and reward-based system increases its applications and helps bring positive societal changes.

One such application of blockchain is move-to-earn. These applications encourage people to walk more and earn tokens as incentives.

Recently, [STEPN](https://www.stepn.com/) has risen in popularity among the move-to-earn apps. It is a Web3-based lifestyle app that includes GameFi as well as SocialFi. It is one of the notable use cases as it is built with the idea of promoting a healthy lifestyle.

## Tokenomics of STEPN App

Its tokenomics involves two tokens; Green Satoshi Token (GST) and Green Metaverse Token (GMT). You can earn GST through the games, whereas GMT is a governance token you can get through events or earn after crossing 30 levels. 

You also have non-fungible tokens (NFTs) as your sneakers. Initially, you have to purchase sneakers to start walking, jogging, or running with STEPN. They have different types and attributes that help with the game modes. Also, you can burn your GSTs to upgrade or mint sneakers.

## Mainstreaming STEPN in Japan

Recently, STEPN has been working to spread the use of the app in Japan. For this reason, it is looking to partner up with the LINE blockchain. LINE is one of the known Japanese tech corporations for decentralised application development. It has agreed to work with the fitness lifestyle app to bring it to the mainstream in Japan. 

Find Satoshi and LINE Xenesis have signed an MOU to introduce STEPN in the Japanese market. It is an already popular app in the country, and this agreement will further help promote it throughout Japan. 

The CEO and Representative Director of LINE Xenesis, Lim Inkyu, has shared his thoughts about this development. He believes the app is an ideal example of Web3 usage in the real world. He also mentioned that this collaboration might lead to more blockchain and Web3 use cases for the people of Japan.


Blockchain Use Cases: Move-to-Earn Apps

As Q2 2022 concluded, many companies shared their data for cryptocurrency losses.

Major United States crypto companies like Coinbase and Galaxy Digital have reviewed their activities. The data they shared further substantiates that we are experiencing a [crypto winter.](/news/article/crypto-market-crashing)

As per Coinbase, the dip for the previous quarter reached more than $1.1bn. Galaxy Digital's crypto depletion for the same period was $554 million.

## 'Fast and Furious' Cryptocurrency Losses for Coinbase

One of the largest crypto exchanges, Coinbase was listed by the NASDAQ in 2021. It has shared the data for its crypto losses of more than $1.1 billion in the second quarter of 2022. Since its stock exchange listing, this has been the worst quarter for the firm.

The company announced the deficit via a [shareholder letter](https://s27.q4cdn.com/397450999/files/doc_financials/2022/q2/Q2-2022-Shareholder-Letter.pdf) on August 9, 2022. The letter mentioned that consumer behaviour amid this ‘fast and furious’ crypto winter is the same as previous ones. 

Moreover, it revealed that the company is focusing more on innovation in this downward market as it will help the company in the next cycle. 

Coinbase shared that its revenue was $802.6 million for Q2. The firm experienced a 45.1% dip in comparison to Q1. Also, if you compare this revenue to Q2 2021, there is a decline of around 153.1%.

The firm is looking to join forces with [Blackrock](/news/article/blackrock-crypto). Both firms agreed to the partnership to support Bitcoin trading. The alliance announcement has been embraced positively in the stock exchange as it saw a surge of more than 15%. Analysts believe that, with Coinbase encountering losses and probes from SEC, a partnership with Blackrock might help the firm financially.

## Galaxy Digital Q2 Crypto Losses Reached $554.7m

Another digital assets giant, Galaxy Digital, shared its report for the second quarter of 2022.

As per the data, the deficit piled up to $554.7 million in Q2. In Q2 of last year, the company's total debt was only around $182.9 million.

The cryptocurrency losses for the major firms suggest a further aggravating crypto winter.


Cryptocurrency Losses for Major US 

Are you interested in purchasing supermoon coins but unsure how to buy them? Read this guide to easily get the cryptocurrency through the Binance exchange. 

To buy cryptocurrencies, different procedures need to be followed. The reason is that they are available on an array of exchanges, and not all of them can be compatible with your existing wallet. That’s why getting a new coin is always a struggle. 

[Supermoon coin](https://coinmarketcap.com/currencies/supermoon/) is one such cryptocurrency which is quite challenging to purchase. To help you figure out the tricky process, here’s a simple guide for buying OSM crypto!

## How do I get the Supermoon Coin?

The following easy steps will guide you through the buying procedure for the OSM coin.
1.	Get your [Binance](https://www.binance.com/en) Wallet
Firstly, you need to get a [Binance](/news/tag/binance-tag) wallet on your device. You can easily download it on your PC with the Google Chrome extension or Apple Store. You can also install it on your Android or iOS phones via Google Play or iOS Store. 

2.	Create your Binance account
Secondly, you would need to set up your Binance account by filling in all your personal details. Then create a strong password, verify the account, and enable two-factor authorisation. Also, ensure the safety of the seed phrase provided to you and note your account address.

3.	Purchase BNB chain
To buy the Supermoon coins, you first need to purchase a Binance crypto chain. For this, sign in and go to ‘buy and sell crypto’. It will give you options like bank transfer, credit card, P2P trading, etc. Select your desired option and proceed to buy BNB, and save them to your Binance wallet.

4.	Transfer BNBs to your wallet
After that, you need to transfer this coin(s) to your wallet. Go to your wallet and look for the withdrawal button. This will lead you to a form where you have to fill in your personal details like email, phone number, account address, and the amount you want to share. Set the network as a BNB chain for a smooth transaction and proceed with the withdrawal.  

5.	Connect your wallet with an exchange
Once you have transferred Binance coins to your wallet, you can look for an exchange to trade it for the OSM coin. One of the trusted decentralised exchanges for getting the cryptocurrency is Pancake Swap. You can link your wallet with it and trade it for Supermoon. 

6.	Swap your BNB chain for Supermoon Coin
Finally, to swap BNB with OSM, you firstly need to select it as your required coin. Besides, BNB will be your payment token. Now, you will be ready to proceed with the swap. It will turn your BNBs into Supermoon coins, and you can use them for any purpose. 

## Bottom line

Purchasing OSM can be tricky, but you can easily acquire them once obtaining Binance coins. Firstly, create your wallet to purchase and transfer BNBs there. After that, link it to a reliable exchange and swap your BNBs with Supermoon coins. 




How to buy Supermoon Coin (OSM)?

The crypto market has expanded exponentially in recent years with more than 9,000 digital coins. Now, investing in cryptocurrencies has become a mainstream trend. You can now generate passive income through lending and capital gain by crypto investing or trading. Another avenue you can take is investing in the many blockchains and DeFi startups.

There is also a rising trend of real-world equity investing and trading with stablecoins. Decentralised exchanges like [FTX US](https://www.ft.com/content/8379f141-8b94-438e-8347-cb5ffdf003ac) have already begun to offer services in this area. This has opened a new gateway for buying shares in a company with cryptocurrencies. 

However, the market lacks clarity on how equity trading will work with stablecoins. To make things more straightforward, we have discussed below how retail investors can benefit from fiat-based stablecoin investing. 

## The crypto world meets the stock market

The crypto market involves digital assets that emerged only in the last decade. The stock market is a much more mature and competitive market that involves real-world assets. Stocks were considered the primary investment option by the masses. But, as the crypto world continues to grow, many digital tokens have gained investors’ attention.  

However, crypto is a precarious and unpredictable market. That’s why tokens’ real-world usage is still limited. For this reason, stablecoins were introduced, pegged with fiat currencies. But the debacle of the Terra ecosystem left a dent in their reputation. 

Now, many DEXs are looking to link stocks and stablecoins. This will even help crypto investors in buying shares in a company. Moreover, it will help in diversifying your portfolio and help increase the real-world usage of crypto coins and tokens. 

## Crypto exchanges for buying shares in a company

Buying shares in a company with cryptocurrencies is an emerging trend in the industry. There are limited exchanges that offer equity trading services with stablecoins. Here are a few names that have already started or have announced to provide this service soon.

1.	FTX US
One  of the leading digital asset exchanges, FTX, has recently announced its services in the stock market. The exchange will allow buying company shares with both fiats and fiat-backed currencies. FTX US will primarily deal with US dollar-pegged stablecoins like Binance USD and USDC (USD Coin). Also, the exchange made it clear that it would not be supporting algorithmic stablecoins like [Terra](/news/article/terra-usd) USD.

2.	Voyager Digital
Another US decentralised exchange, Voyager Digital, has also signalled toward offering a similar service. It will work as a brokerage platform and allow you to buy stocks through stablecoins. Voyager Digital will likely work with USD-backed stable tokens like USDC. The platform has announced it would begin offering the service later this year, however this looks unlikely given that Voyager filed for bankruptcy protection last month.

3.	Bitstamp USA
Yet another US-based crypto exchange, Bitstamp USA, might enter the stock trading services via stablecoins. The platform has yet to announce its plan for when and how it will introduce the equity trading service. However, the platform’s CEO, Bobby Zagotta, showed keen resolve to enter the market.  

## Bottom line

Stablecoins in the stock market can revamp the existing business model of brokerage exchanges. It can create an environment where investors can trade both real-world and digital assets in one place. Buying shares in a company may also help bring crypto investors into a regularised market and increase the real-world usage of cryptocurrencies. 




Buying shares in a company with crypto

Shiba Inu’s name features among the most prominent [meme coins](/news/article/meme-coins). In the bullish market of late 2021, the coin made notable gains and expanded its SHIBArmy. But amidst the recent crypto winter, the token is struggling to sustain itself.  

To keep the Shibaverse coin afloat, its developers are working to intensify the burning process. It is used by many other digital tokens to increase a coin’s worth by limiting its supply. For this reason, SHIB developers have also set up a Shiba Inu Coin burn portal that runs on a reward system. 

Here’s everything you need to know about SHIB burning!

## The Shiba Inu Coin burn mechanism

Coin burning is a standard procedure through which cryptocurrencies can remove tokens from the market to increase the price. The Shiba Inu token also uses a similar strategy to sustain its price. It has a decentralised exchange (DEX), ShibaSwap, which has recently introduced a burn portal. Through the [ShibaSwap burn portal](https://burn.shibaswap.com/), you can easily eliminate tokens and get incentives. 

## How does SHIB burn Portal work? 

The SHIB burning portal has three null wallet options. Among them, two are dead wallets, and one is a black hole wallet. First is the most commonly used dead wallet, which Vitalik Buterin also used to burn $6.7 billion tokens. The second one is for ShibaSwap listings. Whereas the Black Hole is for Shiboshi NFTs renaming. 

To burn Shiba tokens, you have to transfer them to a dead wallet. A dead wallet, aka a burning wallet, does not have a private key. So, sending your tokens to such a wallet makes them unretrievable and instantly wipes them off the market. 

The portal will give you burntSHIB tokens as incentives as you burn.

## Shiba Inu Coin burning reward system

The ShibBurn portal can give you RYOSHI tokens as rewards. However, burning SHIB would not directly yield RYOSHIs. Instead, at first, it will provide you with burntSHIB tokens. After that, you can stake these tokens in your Ethereum wallets to get RYOSHI token rewards. The yield on your burntSHIB holdings can be up to 19%.

## What’s the Shiba Inu Coin burn rate?

The Shiba Inu Coin burn portal was introduced in April this year. Since then, the SHIB Army has successfully removed more than 59 billion tokens from the circulating supply. Despite that, the current burn rate of the coin is -68.59%. Also, its price has not increased as much as the community and developers expected. 

Contrastively, as of the end of the first half of 2022, around 70 billion SHIBs have been burned. So far, the highest amount of coins has been burnt in May. 
 
![shib coin burn.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_coin_burn_4db5f47ec3.png)

[Source](https://www.datawrapper.de/_/hdopE/)

## What lies ahead for Shiba Inu?

Despite having a distinguished burning portal, Shiba Inu’s price has not recovered yet. SHIB’s current price is only $0.00001078, with a market cap of $5,920,266,602. As per the SHIBQueenie estimates, for its price to even reach the $0.001 mark, over 88 trillion coins need to be burnt annually for six years. 

However, this will remove over 90% of the tokens and might not get the desired result as its hype declines. So,  a coin burn might not be the only solution for its revival. That’s why the developers need to work on more projects like Shibarium and Shiba Inu Metaverse. 







Shiba Inu Coin Burn: How does it work?

Solana wallets are experiencing a severe cyberattack that has nearly drained $8 million. A leading [SOL-based NFT](/news/article/solana-nft) marketplace, Magic Eden has sent an alert to its users to cancel permission for dubious sources. The marketplace has pointed out that there has been a widespread exploit on the SOL blockchain. 

## Solana wallet funds being transferred to unspecified addresses

Many Solana wallet holders are reporting a loss of funds on Twitter. The funds from these wallets are being transferred to an unspecified address. However, some users have claimed that the wallet where all the SOL funds are drained is “Htp9MGP8Tig923ZFY7Qf2zzbMUmYneFRAhSp7vSg4wxV”.

![solana wallet 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/solana_wallet_1_91ef2d1dd4.png)

Mainly, the hot wallets are being targeted. Therefore, the hot wallets on Phantom and Slope are at the risk of being hacked and drained. So far, these wallets, including Magic Eden, are the firms that have reflected on this hack.

[Phantom](https://twitter.com/phantom/status/1554626111535026177) has ensured that it is working with its team to gather the information regarding the hack. Also, it has clarified that the hack is ‘Phantom-specific’. Likewise, Slope commented on the hack and said its team is working to identify the issue. Moreover, Slope is also updating its users regarding the developments. 

On the other hand, Magic Eden has also confirmed the breach in the SOL blockchain. Moreover, it has provided directions for its users to keep themselves safe from the cyberattack. Magic Eden has firstly directed to cancel permissions to unverified sources. Secondly, the marketplace has suggested transferring the Solana wallet funds to either a new or cold wallet. 

![solana wallet 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/solana_wallet_2_bd3fd1d4cc.png)
 
[Source](https://twitter.com/MagicEden/status/1554620084831674370)

## What’s the issue?

Though there is limited information regarding the breach, some speculate it to be a ‘supply chain issue’. PeckShield, a blockchain investigator, has pointed out that the supply chain has been breached before to steal the private keys. This could be the reason behind the Solana wallet hack that transferred funds to an unknown address.  



Cyberattack on Solana wallets drained $8 million

Investing in crypto can be risky for an aggressive trader or an inflexible HODLer. This article features the top 5 crypto investment strategies that may help you manage the volatility. 

Cryptocurrencies have featured in global economic headlines for a long time. Now, it has become a source of passive income and capital gain for many. However, it has also remained a highly risky and volatile market, meaning lesser financial security. 

Besides, the uncertain digital world also goes through deadly [crypto winters](/news/article/bitcoin-price-falls) every once in a while. Currently, it is also experiencing a [detrimental meltdown](https://www.bloomberg.com/news/articles/2022-06-26/crypto-winter-why-this-bitcoin-bear-market-is-different-from-the-past) which started in the beginning of this year that has resulted in a loss of over $2 trillion.

Starting in this market environment without a plan would be dicey. Here we've laid out a simple crypto investment strategy for beginners and have discussed the 5 most important tactics you must know before entering the market. 

## 5 unavoidable crypto investment strategies

Here are the top 5 crypto investing strategies that you should never avoid!

1.	Tackle the market volatility
The foremost part of your crypto investment strategy should be to keep risks minimal. That's why, as a beginner, you should have a plan to tackle market volatility. Firstly, learning the price cycles and reading the short-term and long-term trends to familiarise yourself with market behaviour.

Secondly, neither be an aggressive trader nor an inflexible HODLer. Instead, you must find a middle ground to ensure you don't miss out on earning opportunities and have the perseverance to endure market lows. 

2.	Diversify your portfolio
Diversification of a portfolio is not only for traditional assets, but it's as crucial for digital ones. The age-old saying "don't put all your eggs in one basket" also applies to the crypto market. That's why you should not stick to only one coin, rather regularly look for innovative and high-potential projects.  

However, you should not go berserk with diversification. Ideally, investing in a basket of maximum 5 to 10 crypto currencies is beneficial as opposed to opting for a coin. Don't fall for the hype; instead, study their roadmap and consider the market cap. 

3.	Know your risk tolerance
Another critical part of the crypto investment strategy is to keep your investments within your risk tolerance range. The primary rule of investment is to not invest more than your immunity to losses. That's why you shouldn't invest your life savings, borrowed money, or health and emergency funds in any digital asset.

Since the crypto market is highly unpredictable and risky, investing more than your risk tolerance level would be a gamble. Therefore, starting with a modest amount you can bear to lose is a smart choice. Ideally, you should not invest more than 5 to 10% of your total portfolio.

4.	Utilise cost averaging
Cost averaging is the most popular crypto investment strategy. Whether you are a trader or a HODLer, you can use cost averaging to make better better risk adjusted returns in the long term. Cost averaging comprises of investing smaller amounts at regular intervals. Through this, you can mitigate the risk of unpredictable losses by investing when the market is up (at a premium) and when it is down (at a premium)- resulting in an average cost price with lower volatility.

Instead of making a single lump sum investment, you can divide your entire year's investment into small amounts. Then you can set a time for investing it, whether monthly, weekly, or daily. This will allow you to invest at the time of both upward and downward trends, which will reduce losses. 

5.	Opt for safe storage
Safe storage is a high priority for crypto investments. You will find crypto wallets or storage of two types: hot or cold. Hot ones are better for day-to-day trading, whereas cold ones work best for long-term investments. This is because hot storages have internet access all the time to make trades instantly.

In comparison, cold wallets are hardware devices on which you can store your coins remotely with limited internet usage. This makes cold wallets much more secure than hot wallets. However, you should use both as hot storage will come in handy in trading, and cold ones will keep your long-term investments safe. 

## Bottom line

Cryptocurrencies prices are spiralling downwards as the market goes through a bearish trend. In this situation, you would be better off with a strategy than without one. The key to investing in crypto is a balanced approach and using safe storage for your digital assets. Consider cost averaging and diversification to help you achieve less volatile risk adjusted returns. You should always be aware of market trends and risk tolerance to avoid losses due to short term market timing.









Crypto investing strategy for beginners

US and UK crypto regulation authorities collaborate to foster and regulate the cryptocurrency and NFT market. The joint forces of these countries will be working on different initiatives to regulate crypto. This recent development will focus on promoting stablecoins and bringing financial innovation. 

Recently, the US Department of the Treasury released a joint statement regarding the UK and US collaborative financial regulatory working group. The virtual meeting was held on 21 July. 

The HM Treasury and the [US Department of the Treasury](https://home.treasury.gov/news/press-releases/jy0888) members took part in the meeting. Besides, the Bank of England (BOE), the Board of Governors of the Federal Reserve System, the Financial Conduct Authority (FCA), the Commodity Futures Trading Commission (CFTC), the Office of Comptroller of the Currency (OCC), the Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corporation (FDIC) were also part of the meeting. 

## US and UK crypto regulation focus points

In general, the crypto regulators from the UK and US discussed seven themes. These include a cooperative international and bilateral approach, financial innovation, secure financing, and non-bank financial intermediation (NBFI). Moreover, benchmark transition, operational resilience, and developments in the Russia-Ukraine war. 

The Working group meeting established that it will focus on promoting financial stability to reduce the risk and uncertainty from the market. Regarding the issue of Non-Bank Financial Intermediation, the meeting decided that liquidity risk management must be prioritised. 
Besides that, the Working Group also discussed the situation of stablecoins in detail. The developments in central bank digital currencies (CBDCs) were also a key discussion point. For this, all participants showed commitment to promoting safe monetary innovations and regulatory measures for stablecoins that can be followed throughout the jurisdiction. 

The officials from both countries acknowledged the importance of the US and UK crypto regulation partnership. Also, the members from both sides pledged that they would work together to introduce long-term crypto-asset regulations for a robust and safe market. Earlier, UK lawmakers confirmed to broaden [property rules](/news/article/uk-assess-crypto-law) to the crypto space and NFT. Such developments will help the government in becoming a crypto hub in the future. 

US and UK crypto regulation officials join forces

Norway Bitcoin mining has set a precedent for the global mining industry. Now, only green and renewable energy is being used for mining in the country. [Arcane Research](https://arcane.no/research/bitcoin-mining-around-the-world-norway) indicates that Norway's 'flourishing' crypto industry relies 100% on green power resources, leaving almost no carbon footprints.  

The data shows that the country's Bitcoin mining makes up nearly 1% of the global hash rate. Contrastively, its population is only 5 million, which makes up only 0.07% of the world's population. Moreover, it is less than a tenth of the hash rate Norway is currently producing. 

Overall, sustainable mining of bitcoin rises to 59.5%, making Crypto Fear and Greed Index drop from “extreme fear” to “fearful”. 

## Which renewable resources do Norwegian Bitcoin miners use?

The electricity Norway consumes comes from different resources; however, most of these resources are renewable. That's why the country is able to limit its carbon emissions that are [harmful to the climate](/news/article/blockchain-energy-fud). Mainly, Bitcoin miners in the country rely on hydropower as it is the country's most used source of electricity. 

Besides hydropower, wind power is the second-most reliable source of power for Bitcoin mining in Norway. Also, as the country is a member of the European electricity system, it uses a small amount of foreign-produced electricity using different technologies and resources.  

If you consider these electricity stats, Norway is using only renewable energy. This poses an excellent opportunity for Bitcoin miners around the world. The author and researcher Jaran Mellerud also believes that the country's mining industry can further expand as its northern part has an abundance of cheap hydropower. 

## Utilising Bitcoin miner’s excessive heat

Norway Bitcoin mining is not only limited to using renewable power resources, but the country is also working on repurposing energy. A German company, Bluebite, has started its operations on Norwegian land and is working on utilising the by-product heat emitted by Bitcoin miners. Currently, the company is exploring different options like vertical farming of strawberries, drying timber, growing seaweed operations, or even supplying the heat to citizens. 



Norway Bitcoin mining now uses 100% green energy

In recent years, the online gambling industry has progressed tremendously as it is worth [61.5 billion USD](https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/) and is expected to grow by 86% in 2028. The primary reason behind its growth is the inclusion of cryptocurrencies in gambling. 

Now, various online casinos deal in fiat currencies and digital tokens. One of the most popular options is mBit Casino which is ideal for [Bitcoin](/coins/btc) players. But, like any other online gambling platform, critics question its legitimacy. Are you wondering whether this casino is white-labelled or not? Read this review to find out the truth! 

## How does gambling work on mBit Casino?

mBit is a Bitcoin wagering platform that is regulated by the Curacao government. You can anonymously register on it and start gambling in Bitcoins. However, if you want to bet with fiat currencies, you would need to provide your personal details. It offers a variety of game categories and payment options. 

Other than Bitcoin, you can gamble with Ethereum, Dogecoin, BitcoinCash, Litecoin, and Tether. It gives you jackpot opportunities like Mega Moolah, or you can try your luck with free spins. 

## Prominent features 

1.	Deposit/no deposit welcome bonuses
You can either deposit an amount initially or start without it. In either case, you will get welcome bonuses. mBit no-deposit welcome bonus will be 50 free spins. Whereas your initial 3 deposits will earn you 250 spins and up to 2.5 BTC.  

2.	Variety of game types
The range of game categories it offers is another distinctive feature. You will get a table, poker, jackpot, slots, and live dealer games. These games are backed by reputable gaming providers. 

3.	Anonymity and security
Crypto gambling will ensure that you remain anonymous. It doesn’t require personal information and keeps you safe from data thefts. Curacao regulates the casino and it has the backing of CoinGaming.io and Direx NV, making it a secure space for gambling.

4.	Withdrawal speed and payment options
Its speedy withdrawals and numerous payment methods are other special features. For transactions, you will have options like bank transfer, Visa, MasterCard, Skrill, Accentpay, and many others.

## Final Verdict: Is mBit Casino legitimate?

In a nutshell, yes, it is a legit, white-label platform for Bitcoin gambling. The Curacao government oversees its regulations which ensures the platform’s safety. Its affiliation with CoinGaming.io and Direx NV further verifies its authenticity. 

Besides that, the range of secure payment options like Visa, MasterCard, Skrill, and others, adds to its credibility. So, good news for Bitcoin gamblers: mBit Casino is legitimate, making it one of the favourites to go!




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Author: Wasay Ali

Author: Wasay Ali | Page 11