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‘Wild West’ world of crypto: Kiwi investors need protection – New Zealand Herald

‘wild-west’-world-of-crypto:-kiwi-investors-need-protection-–-new-zealand-herald

Business

5 minutes to read

Crypto offers the prospect of making big profits quickly which inevitably attracts scammers and fraudsters – and a potentially rough ride for investors. Photo / Michael Cunningham

Crypto offers the prospect of making big profits quickly which inevitably attracts scammers and fraudsters – and a potentially rough ride for investors. Photo / Michael Cunningham

OPINION

It seems everyone is talking about investing in cryptocurrencies. This is not surprising when around 220 million people are actively trading cryptocurrencies, generating more than US$2 trillion in combined value.

In 2021 Elon Musk

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bitcoinBTC/USD
$ 19,053.16
ethereumETH/USD
$ 1,328.63
tetherUSDT/USD
$ 0.999977
usd-coinUSDC/USD
$ 1.00
bnbBNB/USD
$ 276.15
xrpXRP/USD
$ 0.486544
binance-usdBUSD/USD
$ 1.00
cardanoADA/USD
$ 0.457051
solanaSOL/USD
$ 33.66
dogecoinDOGE/USD
$ 0.063499
polkadotDOT/USD
$ 6.32
shiba-inuSHIB/USD
$ 0.000012
daiDAI/USD
$ 1.00
staked-etherSTETH/USD
$ 1,321.40
matic-networkMATIC/USD
$ 0.765395
tronTRX/USD
$ 0.060222
avalanche-2AVAX/USD
$ 17.78
wrapped-bitcoinWBTC/USD
$ 19,073.76
uniswapUNI/USD
$ 5.92
cosmosATOM/USD
$ 13.89
leo-tokenLEO/USD
$ 4.32
ethereum-classicETC/USD
$ 29.21
okbOKB/USD
$ 15.38
litecoinLTC/USD
$ 54.20
chainlinkLINK/USD
$ 7.75
ftx-tokenFTT/USD
$ 23.82
stellarXLM/USD
$ 0.118851
crypto-com-chainCRO/USD
$ 0.118338
nearNEAR/USD
$ 3.76
algorandALGO/USD
$ 0.387028
moneroXMR/USD
$ 143.15
bitcoin-cashBCH/USD
$ 117.36
flowFLOW/USD
$ 1.69
apecoinAPE/USD
$ 5.48
vechainVET/USD
$ 0.0231
chain-2XCN/USD
$ 0.0768
filecoinFIL/USD
$ 5.62
terra-lunaLUNC/USD
$ 0.000238
internet-computerICP/USD
$ 6.05
quant-networkQNT/USD
$ 114.55
hedera-hashgraphHBAR/USD
$ 0.062146
chilizCHZ/USD
$ 0.269209
fraxFRAX/USD
$ 1.00
tezosXTZ/USD
$ 1.50
the-sandboxSAND/USD
$ 0.898173
decentralandMANA/USD
$ 0.718108
eosEOS/USD
$ 1.21
axie-infinityAXS/USD
$ 12.91
elrond-erd-2EGLD/USD
$ 48.60
theta-tokenTHETA/USD
$ 1.12