Investors have many options for digital trading assets, offering them varying services. One such exchange that is becoming increasingly popular is [Biswap](https://biswap.org/). It is a decentralised cryptocurrency exchange that works as a Defi platform. 

The unique thing about this [DEX](/wiki) is that it offers high returns through its yield farm and referral program. The platform claims to be the most economical as it provides minimal exchange fees. However, its legitimacy is often questioned by investors. 

If you are also wondering whether it is legit or a scam, here’s a thorough Biswap review!

## What does Biswap offer?

It is a Defi-based decentralised crypto exchange that allows you to make high profits through its services. It is built on the [BNB chain](https://www.bnbchain.org/) and is compatible with all BEP-20 tokens. Along with the yield farm, you also have a liquidity mining service and lottery that attract many investors. 

Moreover, it offers launch pools and introduces its native token, [BSW, for staking](/news/article/binance-staking). The token has several use cases and serves as a governance token for the platform. As for the trading fees, it charges only 0.1% of the amount. This fee is relatively lower in comparison to other DEXs on BNB. Besides, it runs its own NFT marketplace and gameFi as well.

## Referral program

Meanwhile, you can further generate passive income through its referral program. If you refer it to someone, you can earn profits in three ways. These include:

1.	A percentage of exchange fee
2.	5% from yield farms
3.	5% from launchpool profits

## BSW token

BSW is the native token on the exchange. There are a maximum of 700,000,000 tokens in the supply. However, currently, 100,000,000 BSWs are circulating in the market. Currently, each token is worth [around $0.32](https://coinmarketcap.com/currencies/biswap/), whereas, at the beginning of the year, it was over $1.  

The token is deflationary, so its supply is reduced by the burning method. Half of the transaction fee amount is used to burn them. You can stake your BSW tokens to earn up to 600% of rewards through launchpools and farming. 

## Is Biswap safe?

Biswap is a legit platform. Its security is backed by Certik. It performs independent audits for the exchange and ensures transparency. Moreover, if you are concerned about any financial crisis on the exchange, it ensures protection with its insurance fund. The platform has a SAFU fund, for which it has assigned 1% of the total BSWs. Besides, the platform also provides a transparent fee structure, so you know exactly how much you have to pay. 

## Summing up the Biswap Review

Biswap is an innovative project that combines numerous services on one platform. You can use it for swapping, mining, and staking tokens. Furthermore, you can earn great rewards through the lottery, launchpools, and its three-way referral program. 

Apart from that, it offers an NFT marketplace and gameFi. Along with all these features, it is a safe platform certified by Certik. 
 



Review: exploring Biswap

[Bitgert](https://bitgert.com/) is a network platform that aims to create a quick blockchain business for users. It is an engineering company with one of the fastest blockchains, processing 100,000 transactions per second (TPS). Their blockchain launched in July 2021, and in the short time since it has been in use, its popularity has increased significantly. 

It is a blockchain that provides high speed and almost no transaction fees. The fastest blockchain as of 2022, its expanding ecosystem boasts projects for Defi, NFTs, [Metaverse](/articles/learn-moni/top-metaverse-crypto-coins), Web#, and other technologies. The ecosystem also includes the BRISE Wallet, an iOS and Android-compatible wallet that supports BRC20, ERC20, and BEP20.

## The token BRISE

BRISE- the Bitgert coin is the chain's native and utility token. The BRISE dApp Wallet acts as a peer-to-peer payment method. The token's use cases for holders go beyond simply buying, selling, and holding. They want it to be used as a global utility payment system. The blockchain's buyback concept makes BRISE a very appealing token to hold. Token holders receive 5% of the contract's buyback tax. Investors tend to buy and hold the coin, increasing its demand and price. It has 420 quadrillion tokens in circulation and a maximum supply of one quintillion coins. 

## Product offerings of the Bitgert Chain

The platform promises ongoing partnerships with various chains to increase cross-chain compatibility in its ecosystem's future developments. Here is the following list of some of the chain's promising offerings:

1.  Bitgert audit solution
Bitgert Audit is a [blockchain](/articles/learn-moni/what-is-blockchain) security solution that provides free contract audits to any project wishing to secure blockchains and smart contracts.

2.  BRISE wallet
It is a DApp multi-coin cryptocurrency wallet that was introduced in October 2021 and a portal to decentralised blockchain applications. Users can currently swap, send, receive, and store a variety of crypto assets. On this wallet, trading BEP20/ERC20 compatible tokens is quick and highly secure.

3.  BRISE staking 
Staking allows users to earn passively. This programme enables BRISE token holders to stake their tokens and earn 4% of transaction fees in BUSD rewards.

4.  Bitgert bridge
Users can transfer assets from Binance Smart Chain Mainnet to Bitgert Chain using this product offering. It will also enable other blockchain developers to migrate to Bitgert, where they will benefit from lower gas fees and a faster chain.

5.  BRISE swap
It is a quick and inexpensive DEX on the Binance Smart Chain and enables users to swap and trade tokens and coins between blockchains. 

## Is Bitgert coin a worthy investment?

Bitgert is a crypto engineering firm with the fastest blockchain, processing 100,000 transactions per second (TPS). BRISE, the blockchain's native token, has seen tremendous success since it was first traded in July last year. Expectations for the token are high, as improvements to BItgert's chain should see it perform well this year. Despite the above-average performance, the token's journey to one cent remains long.
 



A comprehensive guide to Bitgert platform and coin

One of the [best crypto exchanges](/news/article/best-crypto-exchange-uk-reddit), Coinbase, is involved in legal action against the US Treasury. Coinbase CEO, Brian Armstrong, revealed that the company is backing a case against the Treasury Department for [Tornado Cash](/news/article/tornado-cash) sanctions. Six people brought this lawsuit, and the exchange is funding it. 
Tornado Cash is free software that is available on the Ethereum blockchain. Its protocol ensures privacy by allowing you to use different addresses for deposits and withdrawals. That’s why it enables users to remain anonymous while making transactions. 

##  Sanctions on Tornado Cash addresses

Last month, on the 8th of August, the exchequer department put sanctions on the smart contracts of Tornado Cash. This was because its technology was used for criminal activities, especially by North Korean hackers. 

The department and the [Office of Foreign Asset Control (OFAC)](https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information) took action against many addresses involved with the software. It was to stop cyber criminals from laundering money outside of the US OFAC asserted that many criminals are using this protocol to escape from the authorities. Therefore, limiting the use of this protocol became inevitable. 

##  Coinbase CEO views on the sanctions

In a blog post, Coinbase’s CEO and co-founder shared his views on the lawsuit. In the blog, he maintained that action against bad actors is necessary. However, sanctioning the technology is not the right step as there are many legitimate uses of this technology. 

![Picture2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture2_0a129c7443.png)

 
Armstrong also indicated two significant problems because of banning the entire technology. One, many users might lose their funds on the protocol and be unable to use this privacy tool. Secondly, he mentioned that the Treasury had exceeded its mandate, which Congress defines.

The CEO of Coinbase further pointed toward the use of the privacy tool by individuals involved in the case. He claimed that individuals are protecting their privacy when [donating to Ukraine’s cause](/news/article/ukraine-crypto-aid), hiding their online presence, and for personal safety. This action can limit innovation, and many will likely lose their funds. 



Coinbase CEO funding lawsuit against US Treasury

## Ford's new car NFTs application

Ford Motor Company has filed 19 trademark applications across its key automotive brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, in preparation for its debut into the world of non-fungible tokens (NFTs) and the Metaverse. The trademark applications encompass virtual automobiles, trucks, vans, SUVs, branded clothes, and a projected online marketplace for NFT, coming a month after the corporation announced significant worker cuts.

According to [USPTO](https://tsdr.uspto.gov/) documents submitted by Ford on September 2, the automaker intends to offer downloadable artwork, text, music, and video displaying its vehicles, SUVs, trucks, and vans, which NFTs will authenticate. 

The firm also unveiled ideas for "downloadable virtual products," or "computer programmes" with auto components and accessories and clothes for usage in "online virtual environments," such as virtual reality. Its augmented reality trade exhibits and an online marketplace showcase other people's digital artwork and online retail shop services using [non-fungible tokens](/news/article/invesco-metaverse-fund) (NFTs) and digital collectables.

## Ford's new car application follows other car companies' move into the space

Ford is not the first to enter the Metaverse. Car manufacturers such as Nissan, Toyota, and Hyundai have declared aspirations to join the rapidly expanding Metaverse market. On the other hand, luxury automakers like Bentley and Lamborghini have already launched NFT collections. 

Hyundai, a South Korean carmaker, had already [submitted many](https://kryptomoney.com/ford-enters-metaverse-and-nfts-lodges-19-crypto-related-trademark-applications/) trademark applications concerning the Metaverse and non-fungible tokens. They have filed for Sports equipment, headgear, footwear, and eyeglasses. Mercedes-Benz, Hyundai, Lamborghini, Bentley, and other major car manufacturers have launched NFT collections. In August, W Motors, a premium hyper-car manufacturer, entered the Metaverse area.

Earlier this week, Renault Korea, the French automaker's South Korean division, and The Sandbox, a popular Metaverse platform, introduced virtual automobile experiences. Meanwhile, Alfa Romeo equipped its vehicles with NFTs to keep maintenance records. 

Some NFT enthusiasts have spent more on virtual cars than real ones, according to a recent [Vanarama](https://www.vanarama.com/blog/cars/revealed-the-most-expensive-car-related-nfts) study piece. 


Ford unveils new cars and NFT collection

Moonbeam crypto is a parachain on the [Polkadot blockchain](/news/article/polkadot-price-uk), which is compatible with Ethereum smart contracts. It is an Ethereum virtual machine EVM that allows you to redeploy Solidity smart contracts in the Polkadot ecosystem without making any changes. 

With its ease-of-use and Ethereum-supported environment, it has become a prevalent multichain. Also, Moonbeam staking has encouraged many to buy Glimmer coin (GLMR). 

However, as it is not available on several exchanges currently, many often question: where can I buy Moonbeam crypto? If you want to get GLMR, this article will help you learn more about Moonbeam crypto and where to buy it. 

## What is Moonbeam staking?

Before we answer ‘where can I buy Moonbeam crypto?’ It is essential to discuss the Moonbeam staking rewards. It works with the Proof-of-Stake (PoS) mechanism for the production of blocks. So, it allows you to become a collator or a delegator to earn rewards by staking Glimmer tokens. 

These rewards are calculated according to the number of tokens you have staked and your staking time. A separate rewards pool in the ecosystem gives incentives to delegators and collators. You do not have to claim rewards. These are directly transferred to your wallets after the completion of a round. 

## Moonbeam Crypto: Where to buy?

Now, to answer your question, ‘where can I buy Moonbeam crypto?’ here’s a list of exchanges that support the coin. 

## [Binance](/news/tag/binance-tag)

Binance is arguably the world’s largest cryptocurrency exchange. It deals with more than 350 coins, and GLMR is one of them. The exchange ensures highly secure trades in almost no time. As Binance can process over 1,400,000 transactions in a second, you can purchase Glimmer quickly through it. 

Moreover, trading is economical on the platform as it charges less than 0.10%. To buy GLMR via this exchange, you can follow [this simple procedure](https://www.binance.com/en/how-to-buy/moonbeam).
  
## Cypto.com

[Crypto.com](https://crypto.com/) is also one of the top-rated cryptocurrency exchanges. The platform claims to have listed over 250 cryptocurrencies and supports more than 20 fiat currencies. You can securely purchase Glimmer through [Cypto.com App](https://play.google.com/store/apps/details?id=co.mona.android&hl=en&gl=US). 

The platform allows you to trade, store securely, and track the prices of your coins. It also allows faster trading as its matching engine speeds 2.7m transactions per second.   

## [KuCoin](https://www.kucoin.com/)

KuCoin is another reliable platform where you can easily get Moonbeam. There are more than 700 different altcoins listed on the forum. Moreover, it is a credible option, serving over 20 million global investors working with various fiat currencies. 

In addition, it is available in around 200 countries and allows safe transactions. Also, it provides excellent 24/7 customer support that ensures you can easily use it for trading crypto. Along with several payment options, it offers P2P trading services. 

## OKX

OKX has also listed the Glimmer token, and the exchange is ranked among the top ten names of cryptocurrency exchanges. It gives you various third-party payment options and also allows P2P trading. Along with that, it has low trading fees, and you can get low-interest loans, too.

OKX also allows you to make better returns through its mining pools. Also, you can get early access to new projects on the platform.

## Huobi Global

Huobi Global can also be a reliable platform for buying Glimmer crypto. It deals with more than 500 virtual currencies and several fiat currencies. Moreover, its security is backed by a reserve of 20,000 Bitcoins for any crisis. Also, your accounts have 2-factor authentication encryption and offline storage to keep your assets secure. 

It also offers low trading fees, as spot trading on the platform costs only 0.2%. Moreover, for P2P trading, you would not be required to pay any additional fee. Apart from that, you can easily use your preferred payment method, which makes it more accessible. 

Besides these platforms, you can buy Moonbeam tokens from Gate.io, MEXC, XT.com, Bybit, and WazirX.

## How to buy Moonbeam crypto?

Here’s the simple process of purchasing GLMR tokens:

1.	Firstly, check Glimmer on CoinMarketCap or Coingecko to get an idea about its current price. 

2.	Secondly, select an exchange on which GLMR is listed. Here consider your preferred trading pair, payment method, trading fee, and speed.

3.	After that, create an account on your selected exchange while providing a valid email, phone number, etc. Then verify these details.

4.	Once you have confirmed, you can deposit your desired amount for purchasing Glimmer. There are various payment options; opt for one at your convenience.

5.	Finally, buy the Moonbeam by trading your deposited amount with the GLMR. 

## Bottom line

This cryptocurrency has emerged as a promising EVM multichain in the Polkadot ecosystem. Besides, many investors are adopting Glimmer tokens because of Moonbeam staking rewards. 

In this article, we have listed some of the trusted cryptocurrency exchanges to buy GLMR. Binance is considered the most reliable option because of its security, transaction speed, and minimal trading fees. However, Crypto.com, KuCoin, OKX, and Huobi Global are other authentic platforms to buy moonbeam crypto. 



Where can I buy moonbeam crypto (GLMR)?

MetaMask [(metamask.io)](https://metamask.io/) is a crypto wallet and way for users to access the Ethereum blockchain. MetaMask is one of the most actively used crypto wallets in existence, with over 30 million monthly users, according to metamask.io as of 2022. It is a free web wallet for your crypto that now has a mobile app and is one of the most widely adopted platforms to trade and swap tokens on the Ethereum blockchain and use DApps. 

MetaMask was founded and developed by [Consensys](https://consensys.net/), the leading Ethereum software company with many other popular products that provide various blockchain-based solutions to businesses and individuals. Consensys is one of the most trusted companies in the crypto space and is leading the charge in delivering blockchain services for users on the Ethereum blockchain.

## How does MetaMask work?

MetaMask is primarily accessible via a web browser or the MetaMask mobile app. It is a “hot wallet” cryptocurrency wallet that provides each owner with an address with which they can receive Ethereum-based tokens and digital assets or purchase them. 

## What are the risks of using MetaMask?

[MetaMask](/news/article/avalanche-crypto-metamask) does store the private key inside the user’s browser, so potential theft in this direct way is possible but very difficult to accomplish. Usually, such hacks are employed using social engineering, involving the user willingly providing the information that a malicious party seeks. 

While MetaMask does not have access to your personal information, your web browser might. The browser would not store your passphrase, seed phrase or wallet info, but it will collect information on how and when you use an integrated app, plugin or extension. 

MetaMask wallets are “hot wallets,” meaning they are perpetually connected to the blockchain and can efficiently perform transactions with other addresses. A “Cold Storage” wallet is still more secure than any software-based crypto wallet but is also subject to physical theft, loss or damage. 

##What can I do with MetaMask?

The three main things that MetaMask can do is store crypto, allow users to execute peer-to-peer swaps, and provide access to DApps. 

Storage: Tokens built with Eteherum’s ERC-721 and ERC-20 token standards can be stored and exchanged between MetaMask wallet addresses, easily created via supported web browsers. Encryption allows users to keep their private keys and wallet passwords securely. 

Token Swaps: MetaMask performs token swaps differently by taking data from multiple decentralised exchanges and automated market makers. In this way, MetaMask swaps allow users to directly exchange crypto tokens without going through third-party custodial platforms or intermediaries. This allows token swaps at reduced costs and with fewer barriers. 

DApps: Ethereum-based DApps are some of the most popular and widely adopted. NFTs, DeFi platforms,  products and even blockchain games are accessible through MetaMask. For some of these tools and platforms, MetaMask is a downright requirement. For this reason, MetaMask is an excellent entry-level wallet.

## Why MetaMask is here to stay

One of the main reasons for MetaMask's long-term success is trust. Consensys, the company that developed MetaMask, is a giant in the global crypto space. They are leading the charge in providing consumers with accessible solutions on the Ethereum blockchain. 




What is MetaMask?

The Securities and Exchange Commission (SEC) has filed charges against [Zipmex](https://zipmex.com/th/en/) Thailand. The police complaint reports that the exchange is violating the regulatory framework of the SEC. The charges involve the business and its Chief Executive Officer and co-founder, Akalarp Yimwilai.
 
Zipmex Thailand is a crypto exchange that suffered from an industry-wide downturn caused by high debts and leverages. It loaned money to the faltered crypto companies: Celsius and Babel Finance. 

It lent a total of over $50 million to these firms. However, both have failed to pay back the exchange, and Celsius has even filed for [bankruptcy](/news/article/celsius-bankruptcy-protection). This led Zipmex to [freeze withdrawals](/news/article/zipmex-creditor-protection). 

## Thai SEC allegations on Zipmex

The SEC has released an [official statement](https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=9597&NewsNo=147&NewsYear=2565&Lang=TH) about the charges against the cryptocurrency firm. According to the report, the regulatory body claimed to order the concerned firm to declare transactional details about digital assets. It gave the firm’s officials an apt timeframe for providing the information. 

However, the firm did not follow the order and provided incomplete transactional information after the deadline. The firm also failed to give any reasonable excuse for it. This led the regulators to take action and file charges against it. 

The regulators also said that these actions are deemed as non-compliance. Moreover, they mentioned that it could be penalised under Section 75 of the Digital Assets Act.

## Zipmex Thailand’s stance

On the other hand, the company also responded to these charges via a [press release.](https://zipmex.com/th/en/announcements/pr-holding-statement-th-060922/) According to it, the company received a letter from the SEC for the declaration of transactional details of digital assets on 2 September 2022. 

It clarified that the company is currently compiling the pertinent documents for this matter. They said that Zipmex Thailand is further reviewing the records of Zipmex Pte. Ltd., which does not fall under the Thai regulator’s jurisdiction. 

Moreover, the statement emphasised that information disclosure must be handled with diligence for the company’s data privacy. It also assured the customers that the company was taking the matter by prioritising their interests.




SEC charges Zipmex Thailand for regulatory breaches

We will look at the top four [Altcoins](/news/article/polkadot-price-uk) listed in the last 30 days via Coingecko according to price, unique selling points and its vision for the future. 

## Coingecko new coins - Fudge

The most talked-about Altcoin project is the [FUDGE](https://www.fudgetoken.com/) token: it's a high-tech blockchain-based digital money akin to Bitcoin and Ethereum. 

Every quarter, 10% of the remaining tokens are proportioned and given to all holders' purchase/token holdings. 

Users will conduct an intelligent token burn every three months to minimise the available supply until no more unallocated tokens are available. After 12 months, any remaining tokens burn. At all times, the FUDGE team will only own 2% of the tokens.

FUDGE is unusual in that it charges an 8% cost to token sellers, and 50% of the transaction fee is then redistributed to all other FUDGE owners, rewarding those who keep their receipts and discouraging selling. After that, an additional 20% of each original transaction charge is compounded and contributed to the liquidity pool. Six hundred eighteen trillion tokens are available.

## Coingecko new coins - Zoopad 

[Zoopad](https://www.zoopad.finance/) assists investors in discovering tokens in their early phases before they join the mainstream and investing in them through presales. 

ZOOPAD intends to promote fair decentralised launches by distributing prizes evenly across all participants, implying that there would be no first come, first served. All token holders will profit from their platform, letting everyone invest in the most promising new meme tokens. 

Investors may buy trending tokens through selling methods such as public sale, fundraising, or a whitelist ICO, IDO... 
All proceeds from these sales help to repurchase ZOOT. Users that want to participate must have a particular amount of ZOOT on their accounts.

To promote programmable payments and open financial infrastructure development, it employs a basket of fiat-pegged stablecoins algorithmically stabilised by its reserve [currency](https://thebittimes.com/token-ZOOPAD-BSC-0xc0Ce710ec4945f66bF29E6b4b447E2c6398322F1.html) ZOOPAD. The network had transacted an estimated $299 billion for over 2 million members as of December 2020.

## Coingecko new coins – Technoland 

[Technoland](https://icoholder.com/en/technoland-1031162#:~:text=Technoland%20is%20an%20ecosystem%20that,metaverse%20world%20and%20buying%20something.) allows you to exchange technology in the metaverse universe freely. It is a Web 3.0 compatible technology product enabling consumers to make purchases using the $TECHNO token with the logic of Shop2Earn. 

The key takeaways from the technology include the following:

•             SAFU & KYC & AUDIT. 

•             Application to BLOKTOPIA.

•             CMC/CG fast track.

•             LP Locked for 1 Year. 

•             Experienced team.

•             Big Partners.

•             Low Tax.

•             Solid Tokenomics.

## The current Technoland road map involves the following:

•             Stocking of top-selling devices.

•             Modelling and getting it ready for the Metaverse.

•             Prepare the airdrop system.

•             Partnership with technology and crypto brands.

•             Virtual Reality experiments.

•             Launchpad sales on Pinksale.

•             Opening a TechnoLAND in Bloktopia.

•             Binance Smart Chain for $TECHNO.

•             They are dealing with almost all computer parts suppliers. 

•             Marketing across all platforms. 

•             The token claim portal is live.

•             Structure of the NFT marketing plan.

•             Regular communication with their community via AMA.

•             Listing significant crypto exchanges.   

## To conclude  

•             Staking is live for $TECHNO.

•             Begin building our P2E Game.

•             New services suggested by members or businesses.

•             Multiverse brainstorming.

## Coingecko new coins - Block-E.

[BLOCK-E](https://block-e.app/) is a blockchain-based marketplace; it allows users to buy goods with a Defi wallet and will soon allow users to sell their products. Block-E breaks down financial barriers; the platform provides a secure purchase system; the project's goal is to provide online e-commerce businesses with the benefits of blockchain technology. 

Blockchain technology expands prospects for the e-commerce business by delivering enhanced security, total transparency, anonymity, and other benefits. - Blockchain-based e-commerce provides definitive answers to various difficulties that traditional e-commerce businesses face. 

BLOCK-E is a marketplace based on blockchain technology. It lets users buy items using the Defi wallet and sell their stuff. The platform offers a secure purchasing procedure.

In sum, there seem to be some promising new coins listed on Coingecko. The [logic](https://reftoken.io/introduction-to-initial-coin-offerings-icos/) behind ICO fundraising is that after the product debuts and gains users, demand for its token will rise, leading token prices to shoot up to the advantage of coin holders.

Presale participants have extra incentives on coin purchases to pay for their increased exposure. However, time will tell whether it will add value to consumers causing prices to rise and for it to become more mainstream or whether it is just a flash in the pan. 



Coingecko new coins review

In the latest [Australia crypto news](/news/article/australia-crypto-regulation-plan), law enforcement is working to increase cryptocurrency expertise and [trace crypto transactions by forming a dedicated police group](https://cointelegraph.com/news/australian-state-police-sets-up-crypto-division-to-trace-transactions).

According to the Australian Financial Review, the Australian Federal Police (AFP) has established a new cryptocurrency unit to monitor crypto-related transactions.

The unit was formed after the force's criminal asset confiscation command exceeded its 2024 target of seizing $600 million in criminal proceeds within two years. 

## Australia Crypto news: AFP's officer statement

According to Stefan Jerga, national manager of the AFP's criminal asset confiscation command, the use of cryptocurrency in illegal activity has increased significantly since the AFP's first crypto seizure in early 2018. In response, the law enforcement organisation established a dedicated crypto team in August.

The increased emphasis on illegal crypto transactions comes as the AFP seizes far more criminal assets than expected. The AFP announced Monday that it had met its goal of capturing $600 million in financial crimes two years ahead of schedule. The AFP-led Criminal Assets Confiscation Taskforce initially set the target, which was expected to be met by 2024.

The organisation has seized $380 million in residential and commercial property, $200 million in cash and bank accounts, and $35 million in automobiles, boats, aircraft, artwork, luxury items, and cryptocurrencies since February 2020. 

While the amount of cryptocurrency seized was small compared to cash and property, AFP Commissioner Reece Kershaw stated that a focus on cryptocurrency provided benefits through great intelligence insights into the business models of organised crime.

 According to the AFP manager, the environment prompted forming a separate team, as opposed to many officers "picking up some of this skill set as part of their overall role." He said that the ability to trace crypto transactions across blockchains is "really, really important," alongside national security, child protection, and other considerations.

Earlier this year, an official at the Australian Transaction Reports and Analysis Centre (AUSTRAC) raised scepticism about cryptocurrency transparency. According to AUSTRAC deputy chief executive John Moss, cryptocurrencies are "attractive for criminals," including neo-Nazi groups, because they can be used anonymously, quickly, and across international borders.

The original white paper published in 2008, introducing blockchain technology, Bitcoin transactions, has been marketed as entirely anonymous and private. Although researchers have recently demonstrated traceability through unintentional patterns in Bitcoin transactional data – the larger a data set, the more patterns appear. Patterns can also be identified and tracked. Governments are strengthening their infrastructure to track cryptocurrency transactions.



Australia Crypto news: AFP forms a crypto unit

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

An American lawmaker has stated that cryptocurrency has "too much money and power" behind it to be banned. "There's too much money and influence behind it," said Representative Brad Sherman of the United States, explaining why Congress has not banned BTC.

Specifically, he elaborated: "Money for lobbying and campaign contributions works, or else people wouldn't do it, and that is why we haven't prohibited crypto."

## Regulation and the Reasons Why Congress Won't Ban Crypto

In an interview [published on Sunday by the Los Angeles Times](https://news.bitcoin.com/us-lawmaker-says-too-much-money-and-power-behind-crypto-to-ban-it/), Congressman Brad Sherman, a Democrat from California, discussed his thoughts on BTC and its regulation. The member of Congress from California who is in charge of a House subcommittee on investor protection has expressed a desire to criminalize cryptocurrencies like bitcoin and Ethereum. Still, he does not expect Congress will act on his proposal.

He told the news source, "I don't think we're going to ban crypto any time soon," and he was correct. "Money for lobbying and campaign contributions works, or people wouldn't do it," Sherman remarked, expanding on his previous statement as he continued: "and that's why we haven't prohibited crypto." We didn't stop it in the beginning because we didn't understand how significant it would become, and we aren't putting a stop to it now because there's too much money and power invested in it.

The congressman is concerned not just about the possibility of individual investors being cheated but also about the possibility of bitcoin being a risk to the national security of the United States. He believes that BTC poses a systemic risk, provides opportunities for criminals, and undermines the US currency's dominance. The congressman expresses a heightened concern regarding cryptocurrency mixing businesses like Tornado Cash.

The Office of Foreign Asset Control (OFAC) of the United States Treasury Department issued a ban on the Ethereum mixing program in August. The reason for the prohibition was the OFAC's accusation that the application assisted North Korean hackers, such as the hacking syndicate known as the Lazarus Group.

He believes BTC is a fad that people invest in with the expectation of making a profit by trading it for another asset before its value plummets. That's one of the perks of participating in a Ponzi scheme. After that, Sherman continued his discussion on the regulation without a prohibition.

Comparing BTC to a stock or other type of investment, he believes that the Securities and Exchange Commission (SEC) ought to supervise the BTC industry. He bases this opinion on the SEC's size, competence, and aggressive enforcement measures.

However, to make the Commodity Futures Trading Commission (CFTC) the primary regulator of the cryptocurrency business in the United States, [three different measures have been presented in Congress in 2018](/news/article/congress-crypto-protection).
 



US Legislator says why there's no Congress crypto ban

Under new rules enacted in response to concerns that Bitcoin and other crypto assets are used to circumvent sanctions imposed in Russia due to their invasion of Ukraine, [digital assets exchanges must report suspected sanctions violations](https://www.theguardian.com/technology/2022/sep/04/crypto-exchanges-suspected-sanction-breaches-russia) to UK authorities.

On August 30, official guidance by the UK authority for digital assets was updated to explicitly include "crypto assets" as assets that must be frozen if sanctions are imposed on a person or company. Cryptoassets, in addition to digital currencies such as Bitcoin, Ether, and Tether, could include other hypothetically valuable digital assets such as non-fungible tokens (NFTs).

According to the rules established by the Treasury's Office of Financial Sanctions Implementation, [crypto exchanges](/news/article/best-exchanges-for-crypto-uk) will commit a criminal violation if they fail to report clients designated for sanctions. According to the rules, crypto exchanges must act immediately if they suspect that one of their customers is subject to sanctions or if they suspect a breach of sanctions, putting them in the same category as estate agents, accountants, lawyers, and jewellers.

Using cryptocurrencies to avoid sanctions and move money around the world was already prohibited in the United Kingdom under laws that apply to all "economic resources." However, the change highlights authorities' concern about the relatively new assets, which could help evade sanctions because users do not conduct transactions through regulated entities.

## UK's response to Russian digital assets activity 

Financial sanctions against individuals and companies associated with Vladimir Putin's regime have been among the UK's most visible responses to the invasion of Ukraine. Cryptoassets are subject to sanctions regulations, according to a joint statement from UK financial regulators released in March. The EU forbade significant cryptocurrency transactions with Russia in April.

Sanctions have been aimed at oligarchs and family members with direct ties to cryptocurrency. Among them was Vladimir Potanin, the "nickel king" and former second-richest person in Russia, who supported the Swiss blockchain company Atomyze. 

Son of oligarch Mikhail Gutseriev said he held a stake in a cryptocurrency exchange in Belarus until August 2021 before being subjected to sanctions on the same day as Potanin in June. Oleg Deripaska, a billionaire in the metals industry, has previously pleaded with Russia's central bank to permit the use of bitcoin as a payment method. They have not been implicated in using crypto assets to circumvent sanctions.



UK digital assets firms to report sanction breaches

[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?

Ever wonder what is the market demand for crypto by the next generational transfer of wealth this crypto winter? This crypto survey reveals some key insights.

## Crypto survey responses

According to the [responses](https://www.seedmarketingagency.com/student-insight-and-research/wmtu-3/), only 10% of so-called "zoomers" (18–24) are eager to try cryptocurrencies but won't choose them over other investment forms. Two thousand persons were interviewed throughout May, which was then in the midst of the [crypto crash](https://www.ledgerinsights.com/tag/crypto-crash).

Women are even less interested in cryptocurrencies, with 75% disapproving of them. Contrarily, only half of the males are open to trying it.

With 70% of respondents believing non-fungible tokens (NFTs) are frauds, the scenario for NFTs was much worse.

Some of the more specific demographics offer additional insights. For instance, compared to 10% elsewhere, a third of Londoners are more receptive to cryptocurrency speculation.

Less than 25% of students (or degree-holding individuals) were willing to bet on [NFTs](/news/category/nft-news) as an investment. But the proportion—43%—was far more significant for those who dropped out after high school.

## Crypto survey views according to agencies 

The youth marketing company conducted a more thorough survey of its "network" of more than 60 people. They all anticipate that NFTs will gain importance in the future. But right now, they're not persuaded. That is a logical opinion, especially given the market's speculation and rug pulls.

However, their inclusion in a marketing agency's "network" may be biasing a more positive picture because they are in the marketing network agencies. As NFTs can present a financial opportunity for several agencies.

Out of a total population of 67 million people, more than 80% of whom are adults, FCA calculated that [2.3 million](https://www.fca.org.uk/publications/research/research-note-cryptoasset-consumer-research-2021) people in the UK were cryptocurrency owners. A Gemini survey revealed that [18% of UK adults](https://www.gemini.com/state-of-crypto) own cryptocurrencies. Even though the Gemini study was conducted six months later, that number is drastically different due to the smaller sample size. The real question is if crypto demand will grow in the future.



Crypto survey reveals dwindling millennial demand

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

Telcoin is a blockchain-based, user-owned financial platform that aims to provide all mobile users with access to high-quality but affordable, user-owned financial products. Its primary focus is, however, on the remittance industry.

The platform's components include the TEL token, Telcoin App, TELx, and Rivendell - an Ethereum side chain validated by the Mobile Network Operators, a GSMA member.

## The TEL token

The TEL token is the native token of the platform, and it plays various functions in the [Telcoin](https://www.telco.in/) ecosystem. 
It is a protocol token that can also be used as a medium of exchange and a reserve asset. Its holders can use it to access different financial products supported by the platform.

It's an ERC-20 token with a max supply cap of 100,000,000,000 TEL coins. Currently, there are 61,728,700,558 coins in public circulation.

According to Coinmarketcap, as of writing, each coin goes for the price of $0.001824. The tokens are ranked the 252nd largest cryptocurrencies in the world by market cap.

The TEL tokens are available on several crypto exchanges, including KuCoin, Uniswap, Phemex, and Balancer. The tokens can, however, not be purchased directly with fiat currency. 

You'll first have to buy other crypto coins like [BTC](/coins/btc), or [ETH](/coins/eth), then go to an exchange that lists TEL tokens and use your ETH or BTC to purchase them.

## The app

The [Telcoin App](https://www.telco.in/about-the-telcoin-app) provides users with access to all of Telcoin's products. The app features a fast, affordable remittance portal and a digital wallet on the Polygon Network.

Users can use the app to send, receive, withdraw, and trade various supported digital assets at an affordable fee. Those who wish to send money to friends and family anywhere on the globe can do so through the app at a friendly fee of 2% or less. 

The app currently supports fiat remittance from Canada and the USA to 16 countries, including Bangladesh, Ethiopia, Salvador, Indonesia, Kenya, and Pakistan. It is available for download on Google Play and the App Store.

## TELx

[TELx](https://www.telx.network/) is the decentralized liquidity engine of the Telcoin platform. It's designed to power all services provided on the Telcom platform, including cross-border money transfer and digital asset exchange, without relying on intermediaries. 

The decentralized liquidity network is a new addition to the platform. It launched with two user-owned decentralized products, The SMS network and TELxchange.

The SMS (Send Money Smarter Network) is a user-owned global remittance network, while the TELxchange is a user-owned decentralized digital asset exchange. 

## Rivendell

[Rivendell](https://www.rivendell.network/) is still in development. The Network, an Ethereum side chain, is run, validated, and secured by Mobile Network Operators. Once in operation, it will provide fast, secure, credible neutral transaction settlement for the Telcoin ecosystem.

## Is Telcoin a good investment?

Launched in 2017, Telcoin has been around for a while. So far, the team behind the project has managed to meet all the deadlines set on the project's roadmap.

Since its launch, it has made several strategic partnerships with Telcom operators that have enabled it to solve three major issues facing many crypto projects trust, reach, and Know-Your-Customer (KYC) compliance. The project is here to stay.

Its native token (TEL) continues to perform averagely well in the crypto market. However, the token is not listed on most prominent cryptocurrency exchanges, their trading pairs are limited, and they can't be bought directly with fiat money, which inconveniences many investors.

## Bottom line

The Telcoin platform is an excellent addition to the crypto space considering its features and services. The current Telcoin price provides a good entry point into the crypto space for anyone who doesn't wish to spend or risk a lot in the highly volatile market.



The Telcoin platform and price explained

DeFi dashboards are gaining traction in the crypto community. They not only assist investors in keeping track of their funds but also in entering and exiting positions with a one-click solution. DeBank is undoubtedly one of the leading projects in this niche, which is why we will look into it further.

## What is DeBank?

[DeBank](https://debank.com/) is a [DeFi](/articles/learn-moni/what-is-a-defi-token) dashboard that monitors over 800 protocols across 15 chains. It gives users a quick overview of their holdings, positions, outstanding loan debt, and pending rewards.

 Some reputable funds have expressed interest in the project, raising more than $25 Million for further development. These companies' names include Circle Ventures, Coinbase Ventures, and Crypto.com.

## How does DeBank work?

Step 1: Wallet verification

You may need to verify your address after connecting your wallet to the website to use the dashboard.

Step 2: Dashboard

When the transaction is complete, you can access your profile page by selecting it from the menu on the left side of your screen.

Step 3: Select chain 

If DeBank is tracking the protocol and chain you are on, it will show you an overview of all the assets belonging to your wallet when you open your profile. It is also possible to track funds on each blockchain separately. Select your preferred chain, and the dashboard will provide you with an overview of your assets on that chain.

Although NFT tracking is available by other analytics platforms, not all marketplaces are covered. If you have the NFT in your wallet, it should appear on the dashboard.

Step 4: Revoke permission

The approval page is helpful if you have permitted protocols you want to revoke. It will show you which protocols have permission to spend your tokens and how much capital is at risk if these permissions are misused.

If you want to stay safe and organised, you can use this option to revoke any permission you've granted on the DeBank-supported chains.

Step 5: Bundles

Bundles enable you to track multiple wallets if necessary. Add the desired addresses to a bundle, and the platform will track the addresses. It is possible to create numerous bundles as well.

Step 6: Filter search

DeBank also provides a comprehensive DeFi List, which tracks nearly all significant protocols and projects across 17 chains. Users looking for new investment opportunities can easily find them by filtering by blockchain and niche.

For example, if you want to find DEX aggregators on Ethereum, choose ETH as the preferred chain and DEX-Aggregator as the second option.

Finally, the DeFi tool can significantly assist those involved in multiple projects who want to participate in governance. The dashboard collects all active proposals from various projects and gives users a quick overview. There is also the option to view only those relevant to you.

## DeBank: Review

DeBank is still in its active development phase. Some features, such as Swaps, will be removed from the app, while others will improve as the platform iterates. In terms of functionality, there is no doubt that DeBank can be highly beneficial to DeFi users working on multiple projects simultaneously.

It provides a comprehensive overview of your portfolio and keeps track of numerous projects and their governance proposals. It should be simple to stay organised and informed with DeBank.
 



DeBank- DeFi tool

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