CRYPTOCURRENCY investors can now put their cash in a Dogecoin spin-off called Baby Doge.

The latest cryptocurrency recently attracted the attention of Tesla founder Elon Musk. We explain what you need to know.

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Baby Doge is a new cryptocurrency that’s been inspired by DogecoinCredit: babydogecoin.com

Before you invest money, if anything at all, keep in mind that cryptocurrencies are volatile and you may lose all the cash you put in.

Investing is not a guaranteed way to make money, and you should never put cash into anything you don’t understand.

Newer cryptocurrencies are also riskier than those that have been around for a while, such as Bitcoin, and make you more open to scams.

Plus, there’s scant regulation for cryptocurrency firms, so you’ll struggle to get help if and when things go wrong.

5 risks of crypto investments

BELOW we round up five risks of investing in cryptocurrencies.

  • Consumer protection: Some investments advertising high returns…

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