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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
$ 63,932.13
ethereumETH/USD
$ 3,314.95
tetherUSDT/USD
$ 0.999689
bnbBNB/USD
$ 599.71
solanaSOL/USD
$ 143.56
usd-coinUSDC/USD
$ 1.00
staked-etherSTETH/USD
$ 3,313.61
xrpXRP/USD
$ 0.522963
dogecoinDOGE/USD
$ 0.149894
the-open-networkTON/USD
$ 5.45
cardanoADA/USD
$ 0.472931
shiba-inuSHIB/USD
$ 0.000025
avalanche-2AVAX/USD
$ 34.93
tronTRX/USD
$ 0.12057
wrapped-bitcoinWBTC/USD
$ 64,030.16
bitcoin-cashBCH/USD
$ 482.27
polkadotDOT/USD
$ 6.90
chainlinkLINK/USD
$ 14.32
nearNEAR/USD
$ 7.28
matic-networkMATIC/USD
$ 0.741776
internet-computerICP/USD
$ 13.59
litecoinLTC/USD
$ 84.42
uniswapUNI/USD
$ 8.01
leo-tokenLEO/USD
$ 5.83
daiDAI/USD
$ 0.9993
first-digital-usdFDUSD/USD
$ 1.00
ethereum-classicETC/USD
$ 28.58
aptosAPT/USD
$ 9.11
hedera-hashgraphHBAR/USD
$ 0.106498
blockstackSTX/USD
$ 2.56
mantleMNT/USD
$ 1.10
crypto-com-chainCRO/USD
$ 0.129639
stellarXLM/USD
$ 0.115357
cosmosATOM/USD
$ 8.44
filecoinFIL/USD
$ 5.99
renzo-restaked-ethEZETH/USD
$ 3,253.13
okbOKB/USD
$ 53.28
render-tokenRNDR/USD
$ 8.24
pepePEPE/USD
$ 0.000008
immutable-xIMX/USD
$ 2.15
xtcom-tokenXT/USD
$ 3.14
arbitrumARB/USD
$ 1.15
vechainVET/USD
$ 0.040138
bittensorTAO/USD
$ 432.68
makerMKR/USD
$ 3,032.93
dogwifcoinWIF/USD
$ 2.81
optimismOP/USD
$ 2.67
wrapped-eethWEETH/USD
$ 3,431.07
the-graphGRT/USD
$ 0.269411
kaspaKAS/USD
$ 0.110592