A Pudgy Penguins NFT sold for 400 ETH on Monday, which is the largest sale in terms of ETH so far. The collection's base price has nearly tripled in the past month. In September 2021, when one ether was worth about $3,505, a rare penguin with a mirrored characteristic and a green background sold for 225 WETH. CoinUnited, an OpenSea user, made the greatest sale ever but lost $159,995 owing to a fluctuation in the price of ETH.
Cryptocurrency trading is "not suited for the general public", according to Singapore's central bank.
Cryptocurrency investors in Singapore may have to go through a risk awareness assessment before being allowed to trade. They will also not be able to use credit cards or any form of borrowing to trade cryptocurrencies. These are among the measures proposed by the Monetary Authority of Singapore (MAS) to protect retail consumers. A risk awareness assessment is also being proposed to ensure that retail customers have sufficient knowledge of the risks involved. DPT service providers will not be allowed to offer any monetary or non-monetary incentives to retail customers upon sign-up, or to any person to encourage referrals of its service.

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