New crypto projects june 2021

The past year-plus has seen a fresh explosion in cryptocurrencies. Companies are enabling payments via these digital assets or embracing the blockchain technology behind Bitcoin and others, creating a boon for some of the biggest cryptocurrencies. It's all part of what has become known as DeFi, or decentralized finance. Imagine peer-to-peer networks that offer financial transactions, rather than a single authority like a central bank.

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Content:

• Four non-Bitcoin cryptos to watch in 2021
• Weekly market cap of all cryptocurrencies combined up until January 2022
• WORLD TRADE ORGANIZATION
• Cryptocurrency is going mainstream: What you need to know
• The State of Crypto Regulation - June 2021
• Binance Blog
• Binance: Watchdog clamps down on cryptocurrency exchange
• Shiba Inu Coin Price Prediction June 2021: Is Shiba Inu Going To The Moon In June?

WATCH RELATED VIDEO: Low Cap Gem BLAST OFF (Top NEW Crypto Project)

Four non-Bitcoin cryptos to watch in 2021

The past year-plus has seen a fresh explosion in cryptocurrencies. Companies are enabling payments via these digital assets or embracing the blockchain technology behind Bitcoin and others, creating a boon for some of the biggest cryptocurrencies.

It's all part of what has become known as DeFi, or decentralized finance. Imagine peer-to-peer networks that offer financial transactions, rather than a single authority like a central bank. Along the way, a number of cryptocurrency projects have been developed. Some are centralized, some are not. Many involve community input on adopting new protocols.

There are now an estimated 4, cryptocurrencies in existence. Many of the biggest cryptocurrencies at present also look like reasonable, differentiated places for new investors in the space to get started.

In many cases, these digital coins have already built proven ecosystems, which should improve their prospects of being excellent long-term investments.

Just be aware that cryptocurrencies are rife with risk , so learning about their pitfalls is every bit as important as appreciating the upside.

Here are eight of the biggest cryptocurrencies that are worth watching right now. Not only can you learn what you need to know to potentially make an investment in each, but by understanding the key differences between these major crypto assets, you'll be better able to identify opportunities in smaller coins, too.

The original cryptocurrency still reigns supreme. Using a digital ledger known as blockchain, Bitcoin BTC is stored in a decentralized network. As an open-source cryptocurrency, anyone can take part. Bitcoin is created using a proof-of-work PoW model, where miners solve mathematical equations and receive a digital coin as a reward. The PoW system is used to securely sequence the transaction history of Bitcoin on the blockchain. Bitcoin's most important feature is its hard cap.

By design, only 21 million Bitcoin can ever be mined. Prior halvings have also led to increases in Bitcoin's price because, in theory, demand is the same, but supply has decreased. This is why proponents of Bitcoin see it as the ultimate store of value. In a world where most things digital can be easily copied and shared, Bitcoin acts like "digital gold" for securely transferring wealth.

Michael Saylor, a Bitcoin proponent who led his company MicroStrategy MSTR to be one of the first publicly traded firms to hold the cryptocurrency as an asset on its balance sheet, told CNBC in February that he believes Bitcoin will continue to grow as it "subsumes" other store-of-value assets, like gold.

Bitcoin already is the biggest cryptocurrency out there, at well more than double the size as the next largest coin.

And while its share of the overall market has started to decline thanks to the rise of other projects, Bitcoin remains the dominant player in the space. As billionaire investor Mark Cuban, who recently got into the space, told CNBC , "The number of transactions and the diversity of transaction types along with the development efforts in Ethereum dwarf bitcoin.

The utilization of Ethereum is much higher. Ethereum was built around a peer-to-peer network, much like Bitcoin. But the focus is having a programmable blockchain, meaning Ethereum-based apps can be used for a number of digital assets besides money. That's why Ethereum is compared to the internet. It has more function and versatility than Bitcoin.

And its most recent utility has come from the non-fungible token, or NFT, space. NFTs allow a way to sell an original version of a digital asset like a picture or song with proof of ownership. While copies can be made, there's a record of ownership of the original piece. This is likely one of the reasons Ethereum has eclipsed Bitcoin's returns over the past few months, the past year and even the past five years.

Unlike Bitcoin, Ethereum has no maximum supply cap. While theoretically infinite, the rate of new Ethereum issuance has been substantially reduced in recent years. And proposals are in place for transaction fees that would "burn up" Ethereum, or take the digital coins out of circulation, which could have a deflationary effect. Thus, investors in Ethereum will want to keep an eye on any changes to the rate of Ethereum growth. Still, while Ethereum is currently in second place as far as biggest cryptocurrencies go, its market cap could pass Bitcoin if its outperformance continues.

It was the first coin to transact solely with other cryptocurrencies and not with fiat money. Its primary use is for trading crypto and paying for fees on the Binance exchange, of which it is now the native currency. Launched in just , BNB is ranked fifth on the list of biggest cryptocurrencies by market cap. Given the number of smaller digital assets out there that can't be traded on a major exchange such as Coinbase, the Binance Coin's utility is in creating a way to exchange Bitcoin, Ethereum and other coins for these smaller players.

BNB also has lower fees than converting fiat dollars into cryptocurrencies, as well. That's why it has become a useful tool for active investors in smaller cryptocurrency projects, and why it's the most-used blockchain for active and unique wallets.

Binance launched using an ICO, or initial coin offering. Much like an initial public offering IPO for stocks, this allowed the platform to raise capital so the project could be built out.

The initial ICO amount was million coins, with a maximum mineable amount of million. To keep prices from completely collapsing, Binance has plans in place to burn half its supply over time, back to million tokens. The last burn occurred in April , when roughly 1. In the short term, prices may yet double again. Like Bitcoin, LTC also operates as a peer-to-peer currency. It also uses a fully decentralized network with near-zero cost payments. Litecoin is also one of the biggest cryptocurrencies when measured by market cap.

It differs from Bitcoin by having faster transaction times and improved storage efficiency. It's more frequent block generation supports more transactions. This allows for faster confirmation times, which is how long it takes for the transaction to be confirmed by a miner. Litecoin has been proven as a digital currency. The cost advantages and superior processing speed over Bitcoin have allowed this long-standing cryptocurrency to continue to move higher. Like Bitcoin itself, LTC is also being integrated into traditional financial companies for facilitating payments.

The similarities and improvements over Bitcoin, coupled with a far lower price, point to more potential for the lower-priced, higher-utility LTC. Created in and based on a popular meme with a skeptical-looking Shiba Inu dog, the cryptocurrency has become a meme in and of itself. As Elon Musk, a frequent tweeter on DOGE and self-proclaimed "Dogefather" has quipped, "Arguably the most entertaining outcome, the most ironic outcome, would be that Dogecoin becomes the currency of Earth of the future.

But behind the meme, there's actually a reasonable cryptocurrency here. It's another open-source, peer-to-peer digital asset. Among some of its uses: Its low price per coin made it attractive for online tipping and as a reward for filling out paid surveys.

There are downsides, though. For instance, there's no cap to the maximum number of DOGE that can be created. So just like dollars, euros and other fiat currencies, Dogecoin's rally might someday end as cryptos with a hard cap earn more investor interest.

While wild fluctuations are likely, the proven coin underneath the meme makes Dogecoin worthy of at least a second look for starting investors. Though to be sure, it's important for anyone looking at DOGE to be aware of its volatility. Most cryptocurrencies were designed by users, for users, with input from a peer-to-peer network. XRP and "Ripple" are often used interchangeably to refer to the cryptocurrency. However, Ripple is the money transfer network, while XRP is the name of the actual token that was designed by Ripple Labs and first released in It runs on the XRP Ledger blockchain.

XRP was created for speedy transactions, its main goal is to compete with the relatively slow speed of the SWIFT banking processing system. Ripple boasts that it can settle transactions in three to five seconds. Ripple and many of its supporters would tell you that XRP is decentralized. Not everyone agrees, and that includes the Securities and Exchange Commission. The SEC's current view on cryptocurrencies is that if they're peer-to-peer, they're not securities. The commission believes Ripple Labs distributed XRP in a centralized manner, however, and thus it is a security.

XRP has since crashed, recovered to record heights and retreated again, with plenty of volatility in between, as the SEC and Ripple Labs battle it out in court.

In the meanwhile, several exchanges have suspended trading in XRP, including big player Coinbase. Further complicating things: Ripple is reportedly looking to go public in the next year, though it has yet to file the appropriate paperwork. The combination of uncertainty over whether XRP is centralized or decentralized, legal overhang and possible public moves make this one of the more controversial players among the biggest cryptocurrency names.

Tether USDT is an example of a stablecoin, as its price is designed to mimic that of another currency, in this case the U. Tether was launched in mid as "Realcoin" and rebranded to its current name later that year. It was built on top of Bitcoin's blockchain, but has since been updated to work on other blockchains including that of Ethereum. The cryptocurrency is highly centralized, as Hong-Kong based company Tether International is responsible for matching up the dollars on the network to the total number of Tether coins.

However, in the past, the company has not always held to a strict ratio. Why hold something that's tied to the same fiat currency many invest in crypto to avoid in the first place? That demonstrates Tether's utility for cryptocurrency-only exchanges. And according to CryptoComare, about two-thirds of Bitcoin is bought using Tether.

So this stablecoin could be the "gateway" out of fiat currencies and into cryptocurrencies. Charles Hoskinson, a co-founder of Ethereum, first began developing the Cardano platform and its cryptocurrency ADA in and it was launched in Cardano is one of the few blockchains to not have a white paper. It uses proof-of-stake PoS technology on its decentralized platform.

Weekly market cap of all cryptocurrencies combined up until January 2022

Diem formerly known as Libra was a permissioned blockchain -based stablecoin payment system proposed by the American social media company Meta Platforms. The plan also includes a private currency implemented as a cryptocurrency. The launch was originally planned to be in , [3] [4] but only rudimentary experimental code has been released until the project was abandoned in January The project, currency and transactions would have been managed and cryptographically entrusted to the Diem Association, a membership organization of companies from payment , technology, telecommunication , online marketplace and venture capital , and nonprofits. Before December , the project was called "Libra". Though this was changed to Diem following legal challenges regarding its name and logo.

WORLD TRADE ORGANIZATION

Last week the Basel Committee published an important proposal for regulation on the crypto front, which, if adopted, is likely impact the way in which traditional financial institutions interact with crypto assets for decades to come. Basel Committee consults on prudential treatment of cryptoasset exposures. This paper sets out the Basel Committee's proposals for prudential regulation of internationally active banks' exposure to crypto assets. The consultation is open for comment until 10 September this year. As in the case of all capital accords, this will not be law, and it will be for each jurisdiction to implement - which could of course take some time. However, given how quickly the crypto space is evolving, we would not be surprised if supervisors were to require banks to comply with some or all of the proposals and further consultations promised , even before they are implemented, under Pillar2. The Committee emphasises that these would be minimum requirements and each country could if they wish implement stricter standards if they like, even banning exposures to crypto assets.

Cryptocurrency is going mainstream: What you need to know

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Become an FT subscriber to read: Silicon Valley bets on crypto projects to disrupt finance Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities.

The State of Crypto Regulation - June 2021

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Binance Blog

This new collection has a limit of 20, mutant apes, which are also unique from each other and currently held by over 11, owners. Gearing up for the metaverse, the Decentraland platform is meant to allow participation in a decentralised virtual reality. Users can even buy limited-edition wearables for their in-game avatars to look different. Thus, items in Decentraland can be used to build a life online, or traded as assets to monetise them. Decentraland considers itself to be user-centric, with the crucial feature of being able to play in a browser window making it easy to use. In November, crypto giant Grayscale said the metaverse, a main focus of Decentraland, could be a trillion dollar revenue opportunity. Various artists have submitted their original artwork, from 2D images to 3D interactives, to Art Blocks. Items from this collection currently have no other metaverse utility, and are sold on art value alone.

Binance: Watchdog clamps down on cryptocurrency exchange

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Shiba Inu Coin Price Prediction June 2021: Is Shiba Inu Going To The Moon In June?

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Given the current global climate and a dramatic shift to a digital world as a result of COVID, open-source solutions that address critical needs for society are more important than ever. This cohort has been selected in response to a call for applications issued around creating digital tools for people to access decentralised financial instruments, marketplaces, and decision making mechanisms to empower local communities to engage with systems in new ways. Xcapit Argentina is building a platform that increases easy, safe access to financial services, including planning, gamified savings, and wealth management tools. Read more about their work here. Somish Blockchain Labs India is building an open, permissionless protocol for decentralized governance, creating decision-making structures for DAOs. BX Smart Labs Mexico is developing a decentralized app for saving circles, leveraging smart contracts to automate user payments and withdrawals.

Bitcoin , the largest cryptocurrency by market value, and ether , the second-largest, hit all-time highs, while altcoins , like meme-inspired dogecoin, surged in popularity. Other digital assets , like nonfungible tokens, or NFTs , sold for millions of dollars alongside fine art in major auction houses like Sotheby's and Christie's. In addition to art, NFTs representing in-game assets and digital land soared in value as well.