News Snapshot

• Fox Entertainment’s animation studio Bento Box Entertainment has announced that it is launching a ‘creator fund’ and will invest $100 million into an NFT digital marketplace that will be run by a new business unit Blockchain Creative Labs.
• The chief executive of Pantera Capital, Dan Morehead, is confident that the big crypto selloff is slowing because he thinks “we’ve seen the most of this panic”. 
• MicroStrategy doubles down on its Bitcoin bet
• Polygon(MATIC) has attracted many notable Defi projects in recent months. Next up, Kyber will join the fast-growing network

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Source of News: Daily Crypto News 17 June 202 | BuyUcoin Blog

Daily Crypto News 16 June 2021:

1. Bitcoin price hits $41K

2. As Yearn. Finance’s yield vaults grow, ‘crop’ projects define boundaries

3. Nearly 1% Of Bitcoin Supply Is Now Wrapped In Ethereum

4. $SHIB Surges 26% Following News That It Is Coming to Coinbase Pro

5. Cardano surpasses Coinbase, Roblox in market cap, trails Vodafone by $0.9B

6.Tesla is expected to keep its massive Bitcoin Investment for a decade

7.According to a study, 98 percent of CFOs believe their hedge fund would invest in Bitcoin by 2026

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Source: Crypto Labs

Main Headlines:

1. MicroStrategy $500M Bitcoin

2. Tanzanian President Wants Central Bank Chiefs to ‘Prepare for Cryptocurrency’

3. Except India, How Cryptocurrency Regulations work Across the World

4. How do you see the possibility of allowing cryptocurrency for trade and commerce?

5. Europe Raises 20 Unicorns This Year Including Crypto Companies

6. Polkadot has seen a price rally of 15% following a listing on Coinbase Pro, leading to an inflow of buyers for the coin.

7. Celsius Network CEO Alex Mashinsky is convinced Bitcoin will be trading at $160,000 by the end of the year if it is adopted as currency in more countries

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Source: Cryptp Labs | BuyUcoin

Daily Crypto News 14-June-2021:

• Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya 
• A Look at How Second Life’s Linden Dollars Helped Kickstart Bitcoin’s Value
• Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework
• Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar
• Daily Crypto News 14-June-2021 Elon Musk accepting Bitcoin?

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Source: Crypto Labs| BuyUcoin Blog

News Headlines:

• Bitcoin Up 6% Amid Fastest Rise in Consumer Prices Since Financial Crisis
•  India reportedly planning to classify bitcoin as an asset class
•  Ledger Raises $380 Million to Expand DeFi Solutions
•  ETH Bulls Defending an Important Level, Will $2,500 Hold?
•  Google reversing crypto ads ban a testament to blockchain market maturity

Source: BuyUcoin News Blog

1.  Bitcoin and Ethereum transaction fees sink 95% from all-time highs
2.  White House Top Tech Advisor Holds Millions in Bitcoin
3. Kraken Launches Kusama Parachain Auction Platform, Driving it Surging by 19.07%
4. Cardano to roll out smart-contract tools in the new product suite
5. OKCoin Integrates Polygon (MATIC), Reducing ETH Fees for Defi Users

Source: BuyUcoin News Blog

Tron is a blockchain-based decentralized operating system that aims to build a global digital content entertainment system that is free. Tron comes with a distributed storage technology that allows an easy way of sharing digital content cost-effectively. Tron is part of the third generation blockchains which aims to move the world from the previous 2.0 to Web 3.0. Tron was founded by Justin Sun in 2017. It operated on the blockchain of Ethereum but moved out to its blockchain in 2018 due to scalability emanating from Ethereum’s reliance on proof of work algorithm.

TRON price prediction for June 2021

In the beginning price at 0.077 Dollars. Maximum price $0.083, minimum price $0.058. The average for the month $0.071. TRON price forecast at the end of the month $0.067, change for June -13.0%.

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News Source: BuyUcoin

1. India Could Benefit if Crypto is Treated Like Gold, Says Infosys Co-Founder

2. ENJ and THETA Close to Breaking Out, CHZ Could Follow Soon

3. Dogecoin (DOGE) Is Now Supported by Alfacash Store

4. Defi On Binance Smart Chain Is Heating Up

1. Bitcoin Miami, The Best Conference Yet

2. ETH May Not Go to the Moon

3. What Chainlink’s drop in popularity means for its price

4. Solana is raising as much as $450 million in a bid to take on Ethereum

5. Elon Musk Inspired a German Tesla Taxi Company to Enable Dogecoin Payments

Source: BuyUcoin Blog

Contents Ahead :

• Dogecoin vs. Bitcoin
• How to Buy Dogecoin In India?
• Is Dogecoin a Reliable Investment?
• Should You Purchase Dogecoin?
• Conclusion

According to BuyUcoin, a global cryptocurrency exchange in India, “The total number of active dogecoin traders on it’s exchange platform has risen to 49,180 users with a total volume of INR 1146 Crore traded in the month of May 2021 alone. DOGE traded for an average transaction of INR 23,000. The most active users are between the ages of 18 and 35, with males accounting for 79.32 percent and females accounting for 19.66 percent.”

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