Daily Crypto News 17 June 2021 Fox Entertainment $100M NFT

  • Fox Entertainment Invests $100 million into Blockchain Creative Labs NFT platform

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. KRAPOPOLIS and future series will be managed by Bento Box Entertainment as well as the sale of all goods, including NFTs of one-of-a-kind character and background art and GIFs.

Crypto market ‘panic’ is subsiding, now’s the time to buy

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”. Markets have been consolidating since they hit their lowest point in this pullback on May 24, and are currently around $1.6 trillion.

MicroStrategy doubles down on its Bitcoin bet

In the wake of all this turbulence, Michael Saylor-led business intelligence firm MicroStrategy announced that it was all set to “buy the dip” — successfully concluding its $500-million offering of secured notes. In confluence with other positive news, the price of Bitcoin(BTC) has jumped from just over $35,000 to over $40,000 since the announcement. 

DeFi Staple Kyber to Launch on Polygon

Polygon(MATIC) has attracted many notable DeFi projects in recent months. Next up, Kyber will join the fast-growing network. Kyber will launch its dynamic market maker (DMM) to Polygon Network later this month. The team has also announced liquidity mining programs on both Polygon and Ethereum to reward liquidity providers.

The rise of women investors in the Indian crypto market

India is moving forward towards better financial inclusion. A study reveals that more female investors (76%) than male investors (52%) confessed that they lack the familiarity of this new asset class. Women do not invest because they are not exposed to the asset class. On the other hand, women are interested in financial products that make sense to them.


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