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Top Cryptocurrencies to Buy as Investment During the Weekend, June 2021



Watch out for these top cryptocurrencies on the weekend

Cryptocurrencies continue to make headlines with their prices rising and sometimes falling. While the bullish crypto market is helping investors make profits, the market downturn opens up several new opportunities for investment.

If you are planning on investing in cryptocurrencies anytime soon, keep a close eye on these top cryptocurrencies during the weekend. To help you get started with crypto investing, we’ve created a guide for you here.

1st star (XLM)

Stellar has grown in popularity in the crypto community because it serves a niche need. It works like PayPal from cryptocurrency networks, bridging the gap between banks and blockchain networks. Stellar can exchange any currency and enable cross-channel trading at a cheaper and faster rate than traditional banks.

2nd chain link (LINK)

Chainlink is an affordable cryptocurrency that attracts a lot of trading activity in the market. While it is steadily increasing in value, there is also room for potential growth. One of the USPs is the fact that Chainlink is a low risk, low value investment, but the price is not low enough to make it a penny stock.

3. Litecoin (LTC)

Litecoin entered the crypto market around the same time as Bitcoin, but did not reach its maximum growth potential as quickly as Bitcoin. However, there is one thing that Litecoin does better than Bitcoin, which completes transactions four times faster. So fast that in 2017 it was the first cryptocurrency to complete a Lightning Network transaction. If the company plans to use this speed for all of its transactions in the future, its value will increase dramatically.

4. Bitcoin (BTC)

Bitcoin has been a part of the crypto market for so long that it is now synonymous with the word cryptocurrency. Bitcoin doesn’t need an introduction as everyone knows about its price, market capitalization and volume, which are higher than any other crypto coin. With more than a thousand cryptocurrencies in the market, Bitcoin still holds 40% of the total crypto market cap. Many companies are now also accepting Bitcoin, which makes this an easy investment decision.

5. Ethereum (ETH)

What a lot of people don’t know is that Ethereum is actually a crypto network and Ether is the token. Ethereum serves as a network for developers to create other cryptocurrencies. While Ethers is nowhere near Bitcoin in value, it is still the second largest crypto in value. Its unique technology puts Ethereum in the spotlight when there is a conversation about cryptocurrencies with a utility.

6. Binance coin

Binance Coin was launched by one of the largest crypto exchanges, Binance. So what investors need to understand is that Binance Coin will hold stronger as long as there is activity on the Binance exchange. In 2017, the Binance coin peaked and stayed on its uptrend despite the market volatility.

7. Cardano (ADA)

Cardano’s technology has always been its unique selling point. This network uses less energy to complete transactions, while also being faster and cheaper. Cardano is also more adaptable to the dynamic market and more secure.

8. Tether (USDT)

Tether is a stable coin. Its value is pegged to the US dollar. For every unit of tether there is one dollar in the Federal Reserve Bank. So if you are an investor looking to use cryptocurrencies for transactions, Tether is your best option.

9. Polkadot (DOT)

Polkadot’s philosophy is to reward real investors who don’t trade crypto in order to make quick money. Polkadot investors also participate in the company’s decision-making process about network fees, network upgrades, and the establishment and removal of parachains. Interestingly, Tether was made by the same people who made Ethereum.

10. Waviness (XRP)

Ripple is the company and XRP is its token. XRP has a utility that makes it an investor favorite. It enables international transactions that can be completed in seconds instead of the long hours that a bank normally takes. Ripple’s network holds contracts with major banks around the world, which makes the adoption of this crypto coin easier.

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Cryptocurrency: Here’s How the Top 5 Coins Have Performed Since April 2021



Cryptocurrencies have got off to a slow start this year, largely due to an order from the Reserve Bank of India (RBI) to banks telling them not to trade crypto. Cryptocurrency trading accelerated after the Supreme Court lifted the RBI ban in March and allowed coins such as Bitcoin, Ethereum, Dogecoin, and others to be traded. Since then, several online exchanges such as CoinSwitch Kuber and CoinDCX have flourished. But investing in these virtual assets requires due diligence given the extreme volatility of most cryptocurrencies. One way to do this is to look at the historical dates of these coins.

How cryptocurrencies have behaved in the past few weeks and months can give an idea of ​​their potential in the near future and whether a person should invest now or wait.

This is how the top 5 digital coins have behaved since the beginning of this financial year (as of April 1):


Bitcoin is the oldest cryptocurrency in the world. Since its introduction in 2009, it has remained an undisputed leader in the cryptocurrency market. It was Rs. 42 lakh on April 1st of that year, but by the end of May, when the market collapsed massively due to a Chinese crackdown on mining, it had hit a low of Rs. 22 lakh. However, Bitcoin has recovered. On September 17th it was Rs. 37 lakhs.


Experts say this is the only virtual currency that has a chance to challenge Bitcoin’s dominance, but it is far from realizing its true potential. At the beginning of this fiscal year, Ethereum was trading at Rs. 1.40 lakh. It broke the Rs. 2 lakh barrier by early August. This was the time when the Ethereum blockchain had the big London upgrade. Since then, it has grown in value continuously. As of September 17, at the time of writing, it was Rs. 2.76 lakhs.


Launched in 2017, Cardano is a relatively new cryptocurrency coin that has skipped the line to find its place in the top 5. Billed as a third-generation blockchain (Bitcoin and Ethereum are the first and second generation, respectively), Cardano achieved a return of almost 150 percent in just one month. On July 20, it was trading at Rs. 79.71 but by August it had peaked at Rs. 191.41. It saw further gains over the next few weeks, hitting an all-time high of Rs. 227 earlier this month. But profits have since started to decline. On September 17, at the time of writing, it was Rs. 187.82.


Tether is a stablecoin pegged to the US dollar. As the first coin, it is the most popular stablecoin. Since it is pegged to the dollar, meaning that each Tether coin should be backed by actual dollars in Tether Limited’s reserves, it is very stable compared to other cryptocurrencies. If this stability is predictable, it also limits the ability to grow wealth quickly. It stayed within the Rs. 73–75 this fiscal year. It was about Rs. 77 on 09/17.


It is the fifth ranked cryptocurrency in terms of market capitalization. Technically, Ripple is not a cryptocurrency. It facilitates open source payments and XRP is the cryptocurrency that runs on this network. The price has doubled from Rs since April 1st. 41 to Rs. 80 now. But it hasn’t seen a rally similar to what it did in late 2017, which hit its all-time high of Rs 242 in early January 2018. At the time of writing, it was Rs. 84.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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financial: Cryptocurrency Hyper Fund under government scanner



NEW DELHI: The government is closely monitoring the cryptocurrency in the market based outside of the country after alerting that the authorities responsible for investigating financial fraud are watching a company called Hyper Fund.

Sources said Hyper Fund, a DEFI from the Hyper Tech Group, recently got under the radar. The group claims to have launched the Hyperfonds to provide a decentralized financial infrastructure. Hyper Fund was announced in mid-2020.

However, according to the company’s website, it is run by Ryan Xu, however, using the Multi-Level Marketing (MLM) model, Hyper Fund has attracted investors with higher returns and such offers, a common practice with Ponzi programs that have alerted authorities first place.

According to sources, complaints against such funds are piling up in several states. In India, the RBI, the Union Finance Ministry and SEBI had warned against trading in cryptocurrencies. The RBI plans to launch India’s official digital currency – E rupee – shortly.

The Treasury Department has made it clear that virtual currencies are not legal tender either. Therefore, VCs are not currencies. The RBI has also made it clear that it has not granted any company / company a license / authorization to operate or trade in Bitcoin or a virtual currency.

In June 2018, Amit Bhardwaj and his brother Vivek Bhardwaj were arrested by Pune police at Delhi Airport in connection with an alleged pyramid scheme. Bhardwaj, started his own Bitcoin mining operation and reportedly defrauded more than 8,000 people across the country for Rs 2,000 crore.

He has filed a complaint with the Delhi Police Department’s special cell alleging that he received a blackmail call and was asked to pay protection money on September 6, 2021 in exchange for promised higher returns.

UK regulators have issued warnings about such funds, and the Financial Conduct Authority (FCA) has issued warnings for both hyper-funds and fund advisers.

On its website, first published March 23, 2021 and later updated on August 31, the FCA said, “We believe this company may offer, advertise or sell financial services or products in the UK without our approval Any financial service or product required in the UK must be authorized or registered by us. This company is not authorized by us and is aimed at individuals in the UK. ”

She warns investors against such a fund and goes on to say, “You do not have access to the Financial Ombudsman Service or are protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if something goes wrong . ”

The website used by these companies under the FCA is,

Decentralized finance offering (DEFI) via blockchain technology from HyperTech Group, which is said to be based in Hong Kong, sources said Indian regulators and agencies have started monitoring the situation.

Following actions by financial regulators such as the US Security and Exchange Commission and the UK Financial Conduct Authority, Indian regulators and enforcement agencies have started overseeing investments in Hyper Fund – a decentralized financial offering powered by blockchain technology from the HyperTech Group.

Financial regulators around the world recognize the fact that Ponzi program organizers often use the latest innovations, technologies, products, or growth industries to attract investors and promise high returns on their program. Potential investors are often less skeptical of an investment opportunity when they judge something new, new or “current”. On its website, Hyper Fund claims to be “the strongest rocket in blockchain funding”.

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A Lawyer Beginner’s Guide to Cryptocurrency Exchange



A cryptocurrency exchange is a platform that enables users to trade different currencies and Cryptocurrency Types.

A crypto exchange has an interface similar to that of a bank or investment firm, but differs in a few notable ways. The exchange acts as a central platform that connects buyers and sellers of various cryptocurrencies. Its main value is that it provides near-instant liquidity around the clock for many cryptocurrency asset pairs.

Popular exchanges like Coinbase and Gemini hold billions of dollars in cryptocurrencies, some of which are owned directly by the company and some by users who use it Exchange’s cryptocurrency wallet.

There are some notable differences in the field of cryptocurrency exchanges that we will go into in detail.

  1. Is the cryptocurrency exchange centralized or is it completely decentralized?
  2. Is the exchange safe or not?

Here’s what every lawyer, and frankly everyone who interacts with the financial world, should know why choosing the right cryptocurrency exchange makes all the difference.

Is the cryptocurrency exchange centralized or is it completely decentralized?

As you may have learned from reading The Legal Examiner The Blockchain: A Guide for Lawyers Series, cryptocurrency like Bitcoin is completely decentralized.

This means that there is no central company or entity responsible for Bitcoin – there is no fancy San Francisco tech startup office or a 1-800 number to dial if things get mixed up.

This is in contrast to a centralized exchange, which is a formally established entity that must adhere to guidelines and regulations. Of course there are fraudulent centralized exchanges that do not conform to the “formally established” definition, per se, but the point remains valid.

A centralized exchange, such as Coinbase or many of its direct alternatives, has chiseled its value proposition to make cryptocurrencies much more accessible to the average person.

Instead of two individuals agreeing to send each other different currencies (e.g. BTC for ETH), a central exchange handles the transaction and takes a small cut. This fee, often referred to as the maker-taker fee, gives the centralized exchange (or liquidity provider as we will learn below) an incentive to participate in the market. Makers are the market makers who create the bilateral markets (the exchange) and the takers are those who trade at the prices set by the market makers.

If you’re curious about how much money an exchange like Coinbase can make with these relatively low fees, take a look at these S-1 statement It was released before it went public in 2021.

Now imagine taking centralized exchange out of the equation. With no intermediary, the trading parties would be responsible for setting the prices at which they would be willing to trade the assets and trusting that the other party would send their fair share of the transaction.

As you can imagine, without a structure, this is an incredibly inefficient and untrustworthy way to trade digital assets on a large scale.

This is where decentralized exchanges (DEX) come into play.

A DEX is basically a decentralized platform that allows users to trade directly and instantly through preprogrammed contracts. The DEX forwards the order and only completes it when both parties have signed the transaction and the blockchain validates the entire ordeal.

Companies like Shapeshifting and MetaMask allow users to instantly trade their funds with one another without ever giving intermediate custody of their assets.

How do DEXs make money? They sometimes charge fees (not to be confused with the actual blockchain network fees that are incurred on every transaction, centralized or not) that can be distributed to the token holders of that exchange’s token.

the DEX model gets a little hairy, but it’s a fascinating journey to experience, especially as it serves as a portal into the world of decentralized finance (DeFi).

Is the exchange safe or not?

As mentioned in the previous section, centralized exchanges (CEXs) differ from decentralized exchanges (DEXs) in that they hold user assets while DEXs do not.

To be technically more precise, the CEXs keep your private keys, as they are not actual ones “Coins” or “Tokens” exist somewhere in a vault. A DEX allows you to trade without revealing your private key to the DEX or the receiving party.

Custody exchanges pose a significant risk. For one, your private keys are at risk if the exchange is hacked or exposed as an elusive fraud.

Hacking Mt. Gox, a popular early exchange, posed an existential threat to the burgeoning bitcoin. In February 2014, hackers stole a whopping 840,000 bitcoins from Mt. Gox customers and the company itself, with only 100,000 owned by the company – which is today equates to about $ 33.6 billion.

Other notable centralized exchange hacks and glitches include: Bithumb ($ 30 million), Coinrail ($ 37.2 million), BitGrail ($ 195 million), Coincheck ($ 534 million) – each value being set in the period in which it was was hacked.

Hopefully, while today’s exchanges have learned from the mistakes of the past, the threat remains. These exchanges use a combination of Warm and cold storage to make sure a Mt Gox disaster doesn’t happen again.

When you use a DEX, you are the greatest threat for your money. Since you are keeping your assets safe at all times, you are the primary point of potential failure. If you lose your device and cannot recover your account, or if someone targets your wallet directly, you could lose your money indefinitely.

However, these events can be avoided almost entirely with proper digital safety hygiene.

Final Thoughts: How to Pick the Right Crypto Exchange for You

Your choice of cryptocurrency exchanges ultimately depends on convenience, assuming you choose from a handful of vetted and reputable companies.

If you fall into the absolute beginner archetype of cryptocurrency, it’s worth creating a Coinbase account and trying the beginner-friendly platform. It lacks much of the advanced trading functionality, but it does achieve what you’re looking for: buying your first bitcoin, ether, or any other cryptocurrency.

Coinbase Learn also gives you some options to find out about specific cryptocurrency projects and earn a small fraction of their tokens.

If you choose to buy cryptocurrencies on Coinbase, you will likely soon outgrow the comparatively high fees – they’re nothing to sleep on, but they add up and there are cheaper options.

The good news is that you don’t have to leave the Coinbase ecosystem to avoid the high fees. Coinbase Pro is the “Pro” version of Coinbase and belongs to the same company. Not only does it have much lower fees across the board, but it also has a lot more investment pairs and the ability to deposit and buy crypto directly with USD.

Other Coinbase alternatives are: Twins, octopus, and BlockFi.

However, each of the options listed above is a custody platform, which means that they will keep your private keys in their own cryptocurrency wallet. This removes (albeit abandoned) the responsibility of maintaining your private keys, which makes it a lot easier for a beginner in the ecosystem.

For those who are in line with the “Be Your Own Bank” ethos of cryptocurrency, consider a non-custodial exchange platform like ShapeShift, MyEtherWallet, or Metamask. You will still keep your private keys in custody, but you can trade for other assets and likely pay much lower fees than on a central exchange.

Platforms without custody usually also facilitate the connection to the world of decentralized finance (DeFi). However, if you’re just getting started, we don’t recommend jumping in here just yet!

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