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Cryptocurrencies have become one of the most popular investment options for the public in 2021. The nature of the cryptocurrency markets promises low risk and high returns in a short frame of time. With such a lucrative model, thousands of new coins have been launched over the past few years. One of the cryptocurrencies that have recently become popular is the BitTorrent coin. Read on to know more about BitTorrent Coin and where to buy BitTorrent coin price prediction for June 2021.  BitTorrent Coin Price Prediction: Is BitTorrent Coin a good investment? Many crypto experts believe BitTorrent Coin is a fairly underrated coin, given the fact it was started by the Tron foundation and is priced under a dollar. Making crypto price predictions can be difficult, but many crypto experts have given their predictions for BitTorrent Coin. Wallet Investor predicts that the BitTorrent Coin price could rise up to $0.0126 in 2021 and up to $0.0369 by the end of 2025. Trading Beasts pre...

  Cryptocurrency is a new investment avenue that has   attracted many investors . But like any other investment, it is important that people understand what they are getting into. They should evaluate their own risk tolerance and assess if they are well-suited to the wild price rides that cryptocurrencies go through. Earlier this week, Rishabh Parakh, a chartered accountant and founder of NRP Capitals (formerly known as Money Plant Consultancy) was a guest on our weekly personal finance podcast,  Simply Save . Like many advisors, Parakh too has been getting a lot of questions from his clients on how to invest in cryptocurrencies, how much to invest in them and several such questions. Here’s what investors must know before they decide to invest in cryptocurrencies. Is cryptocurrency an investment or just a currency? A currency is usually stable and regulated. Most importantly, it should allow you to buy goods and services. Cryptocurrencies do not have a store of value...

Cryptocurrencies can be a hedge against sharp movements in other asset classes, but the volatility they experience is a bit of a dampener. However, with central banks stepping into the crypto game, this is a space that needs to be watched closely, HDFC Bank said in a report. In the report titled “Cryptocurrencies: Fad or Forever?", HDFC Bank’s treasury research team led by its chief economist Abheek Barua said that it is just a matter of time before Indian investors have legal access to crypto plays. The report, from one of the biggest lenders in India, has come at a time when there is ambiguity over crypto regulations. While the Supreme Court in March last year had overturned the Reserve Bank of India's ban and allowed lenders to extend banking facilities for such transactions, the central bank recently informally asked banks to stay away from businesses dealing in cryptocurrencies. Financial institutions such as ICICI Bank, Yes Bank and Paytm Payments Bank have severed ties ...

  The price of bitcoin took another hit on Friday as other cryptocurrencies including ether and doge also saw their values fall. Bitcoin traded at $35,292 at around 8 a.m. ET, more than 9% lower in the previous 24 hours, according to data from Coin Metrics. The price of bitcoin climbed back above the $36,000 level later Friday morning. It traded at $36,754.01 by 10:20 a.m. ET. Elsewhere, ethereum’s price fell 7.7% to $2,560.78 a coin, while dogecoin’s price fell 5% to 31 cents. Bitcoin, the world’s most popular cryptocurrency has been trying to recover after a week of turmoil that saw its price tumble 30% to around $30,000 last week. It briefly  climbed back above $40,000  on Wednesday before losing some of those gains. Cryptocurrencies continue to divide opinion. In a 41-page note last week,  Goldman analysts shared their views  on whether the likes of bitcoin and ethereum should be considered an asset class or not. The latest price falls comes a day after long...

Dubai has launched its first cryptocurrency based on a public blockchain. In just 24 hours, the price of DubaiCoin (DBIX) has gained 1,000 per cent. The cryptocurrency is currently trading on select exchanges. Information on  crypto.com  showed that Dubaicoin was trading at roughly $0.17 but  rose to $1.13 on May 27 . The cryptocurrency was launched by the  UAE-based company Arabianchain Technology . The company claims that DubaiCoin is the first public blockchain-based cryptocurrency in the Arabic word. Arabianchain Technology has also said that people will soon be able to use DubaiCoin for purchasing products and services, both offline and online. "Circulation of the new digital currency will be controlled by both the city itself and authorised brokers," the company added in a statement. IS IT SIMILAR TO OTHER CRYPTOCURRENCIES? DubaiCoin is unlikely to work similarly to how other cryptocurrencies work. As mining of the digital currency increases, it will lead to hi...