June 2 Daily report: Ethereum investment products hit a market-share high of 27%, Bitcoin Steadies above 100 SMA, Polkadot ETP hits Swedish stock market, Defi protocols generated more than $370 million in revenue and Crypto Analyst Explains How Cardano ($ADA) Price Could Get to $5

Defi protocols generated more than $370 million in revenue during May Decentralized finance (Defi) protocols built on Ethereum produced all-time high revenues in May, according to data compiled by The Block.  Taking the top spot for the month was Uniswap, reaching $153.9 million (41.4%) of the $371.6 million total monthly Defi protocol revenue. Sushiswap had…

BuyUcoin Blog | By Anubha Singh

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Evaluating The Legitimacy Of Trading Bots: Is The Crypto Boom A Reliable One?

Traders can make millions of dollars in a matter of months because of the high-value returns, they can generate from bitcoin trading. However, the price of Bitcoin and other major cryptocurrencies is extremely volatile and might result in a significant financial loss.  As a result, there is no foolproof method to make money trading cryptocurrencies, […]

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Web 3.0 Regulatory Sandbox Is Launched By Telangana Government

Telangana’s principal secretary for the industries and commerce (I&C) and information technology (IT), Jayesh Ranjan, made an announcement regarding the launch of a Web3.0 Regulatory Sandbox to support the development and promotion of web3.0, startups, innovation, technology, and ecosystem in the state. Announcing the launch, Ranjan said. “In order to help in clearing the confusion […]

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Burning NFT’s Will Be Possible In A Crypto Wallet Based In Solana To Safeguard Users From Scammers.

To defend Solana users from cryptocurrency scammers, Phantom, a Solana-based cryptocurrency wallet, revealed that users will be able to begin burning non-fungible tokens (NFTs). This is just weeks after the Solana blockchain was the target of the most recent cryptocurrency theft, in which thousands of users reported having their cash secretly taken from them. Spam […]

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Crypto Price Today: Bitcoin Is Holding Steady At $24,000; Dogecoin, Shiba Inu, And Xrp All Are Up By Up To 8%.

On Wednesday, the cryptocurrency market had uneven trading, with meme tokens making significant gains and crypto-heavyweight Bitcoin remaining almost unchanged. Dogecoin increased by more than 8%, while XRP increased by 4%. Shiba Inu and Polkadot both contributed 3%. Avalanche and Polygon both had a 1% decline. The market capitalization of all cryptocurrencies rose slightly to […]

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What Will Happen Now That Dogecoin Has Created A Bullish Reversal Pattern?

The price of Dogecoin has been rising over the past week. Over the past seven days, the coin experienced double-digit gains, rising by almost 20 percent. The $0.07 level has been a point of hard resistance for the meme-coin, and if it trades at or near this price, it may drop to the next support […]

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President of the Central African Republic starts a cryptocurrency project after Bitcoin adoption

Building a “legal crypto centre,” increasing the use of Bitcoin, and developing a “crypto island” – a distinct economic zone in the metaverse — are all part of the Sango project’s ambitions. The Central African Republic’s president, Faustin-Archange Touadéra, has said that the government will support a project aimed at building the nation’s blockchain infrastructure. […]

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Traders claim that Bitcoin options show promising signs following the meltdown.

Although cryptocurrency is experiencing a historically high level of volatility, Bitcoin options show promising signs following the meltdown. Although cryptocurrency is experiencing a historically high level of volatility, options traders are observing encouraging indicators in the market as a result of the uproar and controversy that engulfed digital-asset lenders and other players in the industry. […]

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How TDS On Cryptocurrency In India And Other Virtual Digital Assets Will Operate Starting On July 1,2022

On June 22, 2022, the Central Board of Direct Taxes (CBDT) published a circular describing the tax deduction process for virtual digital assets (VDA) transfers and cryptocurrencies. Beginning on July 1, 2022, new TDS regulations regarding VDA and crypto will be in place. What Is Stated In The TDS On VDA And Crypto Law? The […]

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Due to the dedication of current users, STEPN’s GMT increased by 35%, but there are other factors as well.

To sustain a healthy lifestyle, one must remain dedicated. Otherwise, all of the effort is for nothing. With the well-known move-to-earn app STEPN, that is precisely the situation. The governance token GMT for STEPN fell 81 percent from its peak, while the reward token dropped by 98 percent in just two months. Recent bad STEPN-related […]

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Shiba Inu has increased by 48 percent over the past week, whereas Dogecoin has only seen gains of 26 percent.

Shiba Inu has increased by 48 percent over the past week, whereas Dogecoin has only seen gains of 26 percent. Dogecoin’s weekly returns are double that of the Shiba Inu. Both DOGE and SHIB have been attempting to regain their footing since the market-wide crypto meltdown earlier in the month. But up until now, the […]

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According to a top analyst who is bullish on Ethereum and its rival Solana, both ETH and SOL could spark significant rallies in the months to come.

A top analyst says he’s keeping an eye on the smart contract platforms Ethereum (ETH) and Solana (SOL), as he believes that, depending on how the month ends, both assets could experience significant price increases. Anonymous analyst DonAlt tweets to his 411,100 followers that if Ethereum is able to hold above its monthly support level, […]

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BTC Markets, an Australian cryptocurrency exchange, has been granted a finance service licence.

For BTC and cryptocurrency-related businesses, certain countries have mandated rules. For instance, a legislation mandates that all cryptocurrency exchanges and service providers hold a financial licence. These rules are necessary because the use of cryptocurrency is becoming more widely used in frauds and criminal activity. Many countries are on edge as digital assets and crimes […]

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Charles Hoskinson of Cardano suggests a revolutionary method for regulating cryptocurrency

Charles Hoskinson, the creator of Cardano and a co-founder of Ethereum, has recommended to the US Congress a different strategy for regulating cryptocurrencies and activities related to them. The suggested strategy incorporates principles based on software. Charles Hoskinson thinks that self-regulation through crypto technology is possible. Hoskinson suggested that the software developers associated with the […]

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Officers Committee recommends postponing the decision to impose GST on cryptocurrency.

The Fitment officers Committee determined that it was essential to list all relevant supply related to the crypto-ecosystem that are subject to GST, together with their type—whether they are products or services—and the associated rate. The GST Council has been advised to postpone a judgement regarding the taxability of cryptocurrencies and other virtual digital assets […]

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Launch of blockchain-based trade finance scheme by RBI and Indian banks

The project is being led by the central bank’s Innovation Hub in Bangalore, which is supported technologically by IBM, SettleMint in Belgium, and Corda Technologies in the United States. Fast facts on blockchain-based trade finance The central bank’s project aims to stop letters of credit fraud by integrating blockchain technology into the fundamental banking system. […]

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Do Kwon Is “Greatly Confident” That Terra Ecosystem Can Regain Its Former Glory

As regulators investigate whether Do Kwon — who founded Terraform Labs — was running a Ponzi scheme in the wake of the stunning demise of the UST stablecoin and the Luna governance token last month, the embattled CEO is fiercely defending his actions. In a recent interview, Do Kwon noted that the catastrophic collapse of […]

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Solana Introduces the Web3 Smartphone

One of the first attempts in the market to expand Web3 technology beyond the desktop will be made by Solana when it launches a mobile phone. A dApp store, the Solana SDK, and hardware private key security features will all be built into the phone. Web3 Smartphone A new mobile phone is being introduced by […]

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Shopify Reveals Range of New Crypto Features

Shopify unveiled a range of new features today, including the ability for online merchants to create “tokengated” stores designed to incentivize fans to hold brand tokens. The Emergence of “Tokengated” Retail By Shopify Shopify is improving its platform to enable connections between customers and retailers via their cryptocurrency wallets. According to its website, Shopify is […]

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What Difference Polygon Is Making in the Fight Against Climate Change

Recent fight that Polygon initiated against climate change and the announcement that it has achieved carbon neutrality may give its native token the boost it needs to continue rising. The native token, MATIC, has been experiencing issues since the start of 2022. Its value has dropped by about 86.09 percent since hitting an all-time high […]

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