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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
$ 70,796.97
ethereumETH/USD
$ 3,555.00
tetherUSDT/USD
$ 1.00
bnbBNB/USD
$ 582.11
solanaSOL/USD
$ 185.36
xrpXRP/USD
$ 0.632109
staked-etherSTETH/USD
$ 3,542.53
usd-coinUSDC/USD
$ 1.00
dogecoinDOGE/USD
$ 0.219329
cardanoADA/USD
$ 0.651691
avalanche-2AVAX/USD
$ 54.40
shiba-inuSHIB/USD
$ 0.000032
the-open-networkTON/USD
$ 4.97
polkadotDOT/USD
$ 9.48
chainlinkLINK/USD
$ 19.24
bitcoin-cashBCH/USD
$ 571.31
wrapped-bitcoinWBTC/USD
$ 70,864.99
tronTRX/USD
$ 0.120187
uniswapUNI/USD
$ 12.34
matic-networkMATIC/USD
$ 1.00
internet-computerICP/USD
$ 17.69
nearNEAR/USD
$ 7.21
litecoinLTC/USD
$ 95.57
aptosAPT/USD
$ 17.18
leo-tokenLEO/USD
$ 6.03
blockstackSTX/USD
$ 3.42
daiDAI/USD
$ 0.998075
filecoinFIL/USD
$ 9.15
cosmosATOM/USD
$ 12.25
ethereum-classicETC/USD
$ 32.49
arbitrumARB/USD
$ 1.67
render-tokenRNDR/USD
$ 11.24
immutable-xIMX/USD
$ 2.94
crypto-com-chainCRO/USD
$ 0.153044
stellarXLM/USD
$ 0.13788
hedera-hashgraphHBAR/USD
$ 0.117226
the-graphGRT/USD
$ 0.412602
mantleMNT/USD
$ 1.21
okbOKB/USD
$ 63.26
optimismOP/USD
$ 3.69
fetch-aiFET/USD
$ 3.42
bittensorTAO/USD
$ 544.49
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$ 3.39
pepePEPE/USD
$ 0.000008
injective-protocolINJ/USD
$ 37.82
makerMKR/USD
$ 3,580.55
vechainVET/USD
$ 0.04528
kaspaKAS/USD
$ 0.137047
thorchainRUNE/USD
$ 9.28
theta-tokenTHETA/USD
$ 2.92