Top 10 Women In Cryptocurrency Market

The percentage of female representation in the cryptocurrency market is much lower than male. It is necessary for women to mark their name in modern finance. There are some women who are enthusiastic about the crypto world.

Joyce Kim

Joyce Kim is a Co-founder and executive director at Stellar.org. She is managing partner at SparkChain Capital. Joyce has been presented on various cryptocurrency platforms for banks, governmental organizations, the UN and the Bank.

Perianne Boring

In July 2014 Perianne founded the Chamber of Digital Commerce, the first Washington, DC-based digital asset trade association. Boring is the Treasurer at the Chamber of Digital Commerce Political Action Committee.

Amber Baldet

Amber Baldet is the executive director of JP Morgan’s Blockchain Center of Excellence. She was listed in CoinDesk’s Most Influential in Blockchain 2017 series. Baldet took a permanent position with JP Morgan in 2011.

Jinglan Wang

Jinglan Wang is the Executive director of Blockchain Educational Network and Blockchain product manager at NASDAQ. She helps students to develop their Blockchain clubs at schools and colleges.

Jen Greyson

Jen Greyson is a CEO at Neureal Network. She has set her team at Neureal apart in a frenzy that is the current crypto space. She is a supporter of women empowerment and also givens information on regulation.

Meltem Demirors

Meltem Demirors is the development director at the Digital Currency Group. She is also a member of Global Future Council on Blockchain at the World Economic Forum.

Raine Revere

Raine Revere is a blockchain engineer and Founder at Maiden. She is passionate about teaching modern cryptocurrency investment.

Elizabeth Rossiello

BitPesa was started in 2013 at the age of 31 by Elizabeth Rossiello. BitPesa is now in seven African countries, Europe and the U.K. Rossiello embraces Bitcoin and blockchain technology in her company to make faster payments.

Cindy McAdam

As reported by Fortune, Cindy McAdam is a partner and general counsel at Ribbit Capital. McAdam is one of the highest-ranking executives. She has also worked at Xapo as president and general counsel.

Elizabeth Ploshay

Elizabeth is an account manager at BitPay. Ploshay previously worked as a contributor at Bitcoin Magazine. She also sits on the board of the Bitcoin Foundation.

According to Mr. BTC report, Women’s idea and contribution in the cryptocurrency market could prove to be helpful. Women need to contribute to emerging technology like blockchain and cryptocurrency.

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IMC 2018: US FCC Chairman Talks About Impact Of Emerging Technologies On Telecom Industry

US FCC Chairman Ajit Pai says that emerging technologies of 2018 like artificial intelligence (AI), machine learning, the blockchain and quantum computing will have a huge impact on the telecom industry. It is difficult for telecom regulator to develop and stand with these new technologies.

While speaking about the manner in which Google, Facebook and Twitter work Ajit Pai adds some improvements needed. He says that these platforms need to work in a more transparent way. Transparency will assist users with making better choices that will serve them in a vastly improved manner. “A conversation is needed. For example, what kind of algorithms are they using to determine what content is seen and what content is not seen when somebody does a Google search, how the Facebook feed is defined, when Twitter decides what accounts to suspend – what are the rules behind that,” he said.

Talking about India Mobile Congress (IMC) 2018 Ajit Pai discusses the ways to counter fake news using the emerging technology like blockchain. According to him, it’s not for the legislature who chooses news to be distributed. It is the responsibility of individuals to counter perspectives that they discover false or offensive. They should prevent them from entering the public square and counter those.

Blockchain technology could be used to minimize losses due to frauds. As the data on blockchain is encrypted and can be anonymized, customer data can be stored securely. Misuse of identity is one of the main tools used by scammers, as reported by BBNTimes. It also helps to secure Private Branch Exchange (PBX) systems of the organization. Thus, internal communication of the organizations can also be secured.

As reported by The Financial Express, India Mobile Congress (IMC) 2018 propelled yesterday in New Delhi discussed the impact of emerging technologies on the telecom sector. Mukesh Ambani, Chairman of Reliance Jio speaks about potential India has in order to develop in the telecom part. Sunil Bharti Mittal, chairman of Bharti Airtel, concentrated on the budgetary soundness of the sector. Other points like the ways in which the government could help by diminishing the duties it forces to expand its incomes were also discussed.

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Bitcoin ATM in Bengaluru Seized For Installing Without Permission

The Cyber Crime Police in Bengaluru has enlisted a case against Unocoin for installing Bitcoin ATM in India without permission. A week ago Unocoin gave India its first cryptocurrency ATM which was installed at Bengaluru’s Kemp Fort Mall.

The Police also arrested the organization’s co-founder Harish BN (37).  His several assets like mobile phone, two laptops, three credit cards, five debit cards, passport, five company seals and one cryptocurrency gadget were grabbed from him including Rs 1.79 lakh in real money. Before Harish was taken into custody, he was presented in the first ACMM Court B’luru.

Introduced by virtual money trade organization Unocoin, the Bitcoin ATM in Kempfort Mall, Bengaluru enabled clients to deposit and withdraw a minimum amount of Rs 1,000.

The Bengaluru’s Bitcoin ATM was set up in spite of the RBI ban. “The ATM kiosk installed by Unocoin in Bengaluru’s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law,” the Cyber Crime Bureau of the Central Crime Branch (CCB) expressed in a statement to the media.

‘Prohibition on Dealing in Virtual Currencies’ was the rule by RBI for the cryptocurrency. It stated that none of the financial establishments related with the RBI are allowed to bargain in the digital currency. The national bank had additionally expressed that digital currency isn’t lawful tender.

As reported by Quartz, it was touted as India’s first Bitcoin ATM and was introduced on Oct 14^th, dodging RBI regulations against Bitcoin transactions. Unocoin also had plans to set up such ATMs in Delhi and Mumbai too. The company said that these ATMs have nothing to do with banking regulators, hence, do not violate RBI rules.

The News Minute reported that Bengaluru Bitcoin ATM was not yet operational. A few reports rose in the media both reprimanding and hailing the establishment of the ATM. This led to change its location.

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Indian P2P Cryptocurrency Exchange Are Rising Quickly Inspite Of RBI Ban

Indian cryptocurrency exchanges offering peer-to-peer services are experiencing rapid growth in spite of the RBI ban in the country. Many exchanges are seeing a greater response from their clients.

India’s central bank has prohibited financial institutions from giving administrations to crypto businesses. The Supreme Court continues to postpone the hearing petitions against the ban. India found their own solution to the banking problems such as using P2P trading and cryptocurrency ATMs.

Mumbai-based P2P crypto exchange WazirX was launched on July 10, two weeks prior to the ban. CEO Nischal Shetty says that even without the support of banks, Indians are embracing P2P in astonishing ways.

The Indian crypto exchanges had grown by 35 percent in the past few months, consistently achieving 50 BTC in day-by-day trading volumes amid the month

“P2P is working great for Wazirx. It’s helping us increase our daily trading volumes as well. In fact a few days ago we hit 100 BTC in daily trading volume for the first time … we’ve crossed over $5M in P2P in the 3 months since we’ve gone live,” Shetty imparted.

WazirX aims to involve every Indian in the blockchain economy. It stays true to its vision and is continuing the business despite the RBI ban. A huge question mark was laid on cryptocurrency exchanges after the RBI ban in India, but they continued to persevere the help from any financial administrations, as reported by Zee Business.

Other P2P Offerings

Indians now prefer P2P option to cash out their coins. Instashift offers trading of more than 80 cryptocurrencies. According to a survey conducted by Instashift majority of its users prefer P2P services to cash out their cryptocurrency.

The Indian cryptocurrency exchange Coindcx also allows converting more than 80 cryptocurrencies into INR within a minute, as published in Bitcoin News. The minimum buy or sell amount for any user is Rs 10 (approx. 15 cents). This will enable everyone to invest in cryptocurrency. He confirmed that the company is earning a great response from users with average no. of orders being more than 10 per Dcxinsta user.

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Fifty Instashift Users Talks About Environment Of Cryptocurrency In India

Instashift directed a survey in the first week of October stressing on the environment of cryptocurrency in India. Fifty active traders took part in the survey. The objective of the survey was to discover what they think about different crypto-related issues including their investment concerns, whether they will continue putting resources into crypto in spite of regulatory uncertainty and the crypto ban by RBI.

How Many Are Hodlers

Over 80 cryptocurrencies are traded on Indian exchange Instashift  Among the 50 merchants who reacted to the survey, 43 said that they hodl while seven uncovered that they contribute short term. Also, 40 investors trust Bitcoin is a place of refuge against rupee inflation while 10 traders oppose this idea.

Future of Indian Crypto Ecosystem

35 respondents believe that the greatest obstacle in the development of the Indian economy is the dread of regulatory uncertainty. Twenty-six investors say that the absence of banking support is the biggest challenge. Lack of knowledge of the crypto business is also a critical factor according to 25, while 18 users credited the absence of liquidity in the market as the main reason.

In spite of the considerable number of obstacles, 41 dealers are the believers in the crypto industry and will continue to invest. Seventeen brokers except the government to create a positive environment for cryptocurrencies and four respondents are possibly leaving the crypto space.

Impacts Of RBI Ban On Cryptocurrency Market In India

According to Bitcoin News, the RBI ban has been unfavorable for some exchanges. Zebpay, nation’s biggest crypto exchange platform has moved from India to Malta due to the banking issues.

Moreover, 36 traders are expecting the Indian government to revise existing laws to support cryptocurrencies. Ten respondents trust that the government will evacuate limitations on crypto. Nonetheless, four merchants also believe that the Indian government will legitimize and regulate cryptocurrency.

Some cryptocurrency exchanges in India like WazirX, was not affected by RBI Ban, as reported by Zee Business. The firm stated that even though RBI ban had moved crypto market, they still managed 35 percent monthly growth. WazirX also launched Tether, a stable coin backed by USD, to facilitate P2P transactions.

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Swiss Crypto Start-up Tempts Indian Investors By Its Decentralised Trading Platform

The Switzerland-based crypto startup MoonX is planning to draw in investors from India by launching its decentralized non-profit trading platform. The centers will be developed at Bengaluru, London and Beijing. Kerela is also on their wishlist as it has numerous NRIs working in West Asia. The crypto platform will be started by the end of November.

MoonX is started by a group of investment banking experts. The startup raised $29 million in funding for its operations. Tony Lee, founding chief controller says, “MoonX is targeting 5 million customers across the world in one year.”

MoonX CEO Nithin Palavalli explained that one can be a part of MoonX family just by trading once on the crypto platform. He says, members can collectively participate and contribute and thus remunerated with Moon Money which is proportionate to shares and casting ballot rights in the organization.

Palavalli said the exchange will charge the least brokerage and offers nanosecond response time. 10 million transactions will be performed by one second which is superior to other exchanges. “We have invested a lot in technology to make it fully secure and fastest exchange,” he said.

Beginning with digital forms of money, MoonX has plans to extend to the trading of treasury bills, foreign exchange and commodities. MoonX wants to take the blockchain technology to the next level with its application in farming, financial technology, education, food safety and medicinal services, as published in The Economic Times.

As reported by Bitcoin Exchange Guide, crypto trading platform MoonX is building its walls strong by adding experts to the team. Rahi Racharla, the “Tech Whiz” of Wall Street, joined MoonX with an aim to support the company with its technology. He is the Founding Technology Executive of the company, and he earlier used to work at one of the world’s largest commodity exchanges as CIO of Multi Commodity Exchange (MMCX).

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EOW Officials On Look Out For Investors Duped In India Under Cryptocurrency Schemes

Economic Offenses Wing (EOW) of the Mumbai Police has been looking for a year for the investors who were duped in India under the cryptocurrency scheme. A year ago Subhash Chand Jewria, a Goregaon resident was arrested for duping investors by inviting them to invest in his cryptocurrency marketing scheme. He promised the investors that on completion of the lock-in period of 18 months, the cryptocurrency could be used for online shopping. The case registered under the Maharashtra Protection of Interest of Depositors (MPID) Act closed recently as no investors filed the complaint.

A police officer clarified that due to the absence of proper law and regulations for the cryptocurrency, investors are terrified that they might face a lot of scrutinies. And the case has been stuck since the investors traced by the police did not file any complaint. As none of the investors came forward, the assets of accused will not be disbursed among partners.

Numerous cryptocurrencies have been created in India. Jewria had incorporated ATC Coin Ltd in the United Kingdom, in March 2017, with a paid up capital of one pound under the attire of selling his cryptocurrencies. He welcomed individuals to invest between Rs 5,000 and Rs 20,000 in the company’s scheme. He said that after the lock-in period of 18 months ATC coins could be traded on exchanges. The EOW claims that the raised Rs 84 crore, which he diverted to his own accounts.

According to the EOW test, ATC Coin Ltd was a UK-enlisted company with a registered address in Covent Garden, London. It was floated to take part in the business of fund management and furthermore make a cryptocurrency named ‘ATC Coin’.

India Express reported that on verifying the office address EOW found that around 9000 companies were registered with the said location. However, it did include the name of ATC Coin Ltd. Thus it is a fictitious company which just exists on paper.

As reported by Coinnounce, another cryptocurrency scammer in India was also arrested a few days ago. Asif Ashraf Malkani propelled an imaginary cryptocurrency named ‘Kashh Coin’ 2016 and advanced the coin in December 2017. After a large number of scammed investors reached the police, Mr. Malkani remained underground for a year. Finally, New Delhi Police caught him on October 9, 2018.

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IAMAI Forms Blockchain Committee In India To Help Overall Ecosystem

The Internet and Mobile Association of India (IAMAI) has formed Blockchain Committee in India. IAMAI will put its endeavors to encourage job creation for the new economy in the nation.

This group was formed with the prime agenda of recognizing opportunities and challenges for Blockchain technology. It will work with government, industry and startups to encourage the overall ecosystem. The committee will organize training workshops and help enthusiasts to learn more about the technology.

Tina Singh, Chairperson, Blockchain Committee of IAMAI and Chief Digital Officer at Mahindra Finance stated, “Blockchain is undeniably the technology of the future, slated to bring decentralization, trust and accountability into multiple areas of business. However, in order to be more effective and enter the mainstream, blockchain technology needs the intervention of government bodies, regulatory authorities and corporates. The IAMAI Blockchain Committee will focus on creating a dialogue between all stakeholders; curate and create content to aid skill development and move towards creating a participative economy with the usage of Blockchain.”

According to the figures, there were 127 blockchain and cryptocurrency startups in India until April 2018. Of these, 31 are Blockchain smart contract companies, 43 are cryptocurrency companies and 15 exchanges.

The blockchain industry has raised nearly $5.3 million this year. The companies like Nuo Bank and ZenPrivex are the examples of these. 90% of these organizations are under a year and a half old and have collected no cash yet.

As reported by Yourstory, members of the blockchain committee include Manish Gupta, Director – Digital Transformation, Mastercard, Samiran Ghosh, Chief Digital Advisor, Microsoft, Jitan S Chandanani, Blockchain Offerings and Engagement Leader – ISA, IBM, Ravi Chamria, Founder, Sofocle Technologies, Sandeep Goenka, Founder, Zebpay, S Venkat Kumar, Vice President, Kotak, Nitin Chug, Country Head – Digital Banking, HDFC Bank, among others.

As reported by Indiaweb2, Blockchain Technology is growing enormously in India. India has already become a hotbed for blockchain experiments across IT, telecom, finance, supply chain, and many other sectors. The members of Hyperledger, an open source collaborative effort created to implement blockchain technology in various industries are based in India.

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Unregulated Crypto Assets Like Bitcoins Can Be Punishable In India

The holding of crypto assets like Bitcoins which are not approved by the government may become a punishable offense, as per the new crypto laws. The legislature and the RBI stresses to ensure that unregulated crypto resources are not utilized to pay any taxes or strike deals outside the administrative limits, including multi-level marketing (MLM) and Ponzi plans.

A committee headed by Subhash Chandra Garg, secretary of the department of economic affairs, is presenting its cryptocurrency report by December. The report characterizes the expansive forms of an administrative framework for crypto assets and virtual currencies.

RBI said that payment industry is rising quickly along with factors such as the rise of private digital tokens and increasing expense of managing fiat paper/metallic cash. These factors have driven central bank far and wide to investigate the alternative of presenting fiat digital currencies.

However, RBI had banned banks and financial organizations managing virtual currencies like Bitcoin in India. They were given three months (finishing June 2018) to exit from any such administrations if they were offering.

The legislature does not want to allow unregulated crypto assets to move into the financial framework. Proper changes in existing laws are supposed to be made by the Garg-panel. These changes will characterize the reformatory measures for those discovered holding illicit crypto assets.

As reported by Quartz India, Garg-panel also recommended that India might soon bring its own government-backed cryptocurrency. The panel also puts an effort to develop blockchain technology in India. The government is seeking control over the virtual currencies which can be used to trick investors and launder money.

According to a report by Money Control, Arun Jaitley, in his Budget Speech 2018-19 said that cryptocurrency like Bitcoins was not legitimate in India. He also indicated that the government is enthusiastic for Blockchain technology to bring more transparency in India’s payment system.

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India May Embark To Introduce Its Own Government-backed Cryptocurrency

A panel constituted by finance ministry suggested that India is thinking about drawing out its own government-backed cryptocurrency. The RBI plans to name its digital currency Lakshmi, after the Hindu goddess of wealth. This will be an addition to the paper currency and will reduce the expense of printing of notes.

“We are evaluating the government-backed cryptocurrency and crypto-token. Also, we are looking to develop and encourage our own research and development of blockchain technology,” said a senior government official privy to the discussions of the panel.

If the currency will not be government approved, then it could be a punishable offense. The panel is discussing the amendment of the Currency Act for this law.

An official says that if government-backed currency comes into existence then the features of the technology will become meaningless. The technology offers decentralized records, and if the government or the RBI is attempting to control it, at that point it loses its significance.

Other cryptocurrencies are also in danger of being of being boycotted as government-backed digital coins will take over.

RBI has descended vigorously on bitcoin and its kind nearly choking the ecosystem. The central bank issued the crypto ban on 6^th July in India. The law stated that all the banks and financial institutes will not be allowed to maintain any relation with crypto exchanges and traders.

The circumstance is grim to the point that Zebpay, one of India’s biggest digital currency trades, winded up a month ago. As reported by Business Today, The move was five months after the crypto ban. The coins/tokens were credited back to the Zebpay wallet which continued its activities even after the closure of the company. New orders are not accepted anymore and unexecuted crypto-to-crypto orders were canceled by the company.

According to Quartz India report, it is clear that the Indian government is not comfortable with the idea of virtual currencies. The legislature has likewise shown worries that these currency forms might be utilized to launder money or trick investors. Thus it is seeking control.

However, government-backed cryptocurrency is not shocking. Venezuela, the world’s second-largest crude oil producer has made a debut by launching Petro. This digital currency is controlled by the Venezuelan government. Its price is equivalent to a barrel of oil.

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Prime Minister Narendra Modi Stresses On Importance Of Blockchain Technology In India

Prime Minister Narendra Modi believes that blockchain and newly emerging technologies can bring change in India. He tweeted that the rising technologies such as artificial intelligence, machine learning, Internet of Things, blockchain and Big Data will enable India to advance, increase employment and enhance each Indian’s life.

According to him, this is not only industrial change, but social change as well. He stated, “Industry is a process and technology is a tool. However, the ultimate goal is to change the life of the last person waiting in the queue.”

Prime Minister is seen inclining towards blockchain technology since February this year. He said that technology has the capability of changing the way we work and live and would require fast adaption in our working environments.

The Prime Minister has not discussed blockchain technology out of the blue. He had talked earlier about the ways blockchain can be utilized to streamline the farming industry. He believes that there are different ways it can enhance the lives of individuals in the nation.

Artificial Intelligence, Machine Learning, Internet of Things, Blockchain, Big Data और ऐसी तमाम नई तकनीकों में भारत के विकास को नई ऊँचाई पर ले जाने, रोजगार के लाखों नए अवसर बनाने और देश के प्रत्येक व्यक्ति के जीवन को बेहतर बनाने की क्षमता है: PM

— PMO India (@PMOIndia) October 11, 2018

Prime Minister Narendra Modi said that blockchain technology will play a huge role in the agriculture industry. He agrees that the innovation will help to have a constant monitoring over the production network and catch bad actors on the system. Blockchain will help achieve transparency in the purchasing and selling of products.

According to Crypto News report, from production to product reaching ranchers, all the stages will be visible with the assistance of this technology. There will be a whole network of individuals including, ranchers, administrative bodies, processing units, etc. in the blockchain. There will be less extension for debasement.

Prime Minister Narendra Modi said that blockchain technology in Indian agriculture could help to solve many problems, as reported by Inc42. In some parts of the country, farmers have already started using it like drone technology in pest control. Also, soil mapping and community pricing have also implemented this technology.

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Indian Mastermind Of Multi-core Cryptocurrency Racket Arrested

An Indian mastermind of multi-core cryptocurrency racket was arrested by New Delhi crime branch. After complaints from the investors, Asif Ashraf Malkani (35) had been on the wanted list. However, he was able to escape for several months.

The group individuals pulled back their profits and went underground. From that point forward, Malkani had been on run and hiding at the places like Goa, Chennai, Kolkata, Kanpur and Pune. At last, he was caught after police followed him through surveillance.

Commissioner Ajit K Singla confirmed the arrested and said a group driven by DCP (crime) Bhisham Singh was testing the racket. DCP Singh said Malkani was being investigated.

How Indian Cryptocurrency Named Kashh Coin Was Launched

Malkani quit studies after completing Class X from Sofia High School in Bangalore in 2000. He went deep into the internet and software functioning after his schooling. He got married in 2007 and moved to Dwarka in 2013.  With a friend named Sonu Dahiya he initially started real estate business there. After two years, they joined an advertising firm named Unetnet.

Malkani had interest in cryptocurrency and was perusing detailed knowledge on digital currency trades. At that point, he began purchasing and selling such coins. In October 2016, Malkani and others propelled his fake currency called ‘Kashh Coin’. On December 3, 2017, a grand function was held at Chhatarpur farmhouse. Bollywood celebrities and models were called to perform and market the coin. The price was estimated at Rs 3.5 for each coin.

According to Times of India report, more ‘Youth Seminars’ were held in different parts of the country and in Nepal after the success of their debut event. By promising higher returns, they earned crores of rupees from the investors.

Not only Indian cryptocurrency possesses heavy risk, but there has been a pile of crypto fraud files all around the world. As reported by CoinDesk, New Zealand investor lost $320,000 NZD ($213,000 USD) in an online crypto scam. The Canterbury Police have warned the public about these unstopping crypto scams. The unnamed investor made a huge investment in online cryptocurrencies which turned out to be fraudulent.

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Indian Blockchain Lawyer Files RTI Application To SEBI Seeking Information On Cryptocurrency Regulations

Blockchain Lawyer filed a Right-to-Information (RTI) application to SEBI which contains 68 questions about Indian cryptocurrency. The questions relating to various aspects of crypto regulation including recent study tours, their official position and the results of internal meetings over the proposed crypto.

SEBI has recently covered a blockchain study tour which had some critical information not mentioned in RTI response. Just three officers were sent to crypto-friendly countries like Japan and Switzerland. But the outcomes of the tour were not disclosed saying “such strategic and confidential information may also affect and compromise the interests of the securities market in specific and may impact the economic interests of the country.”

SEBI also didn’t uncover its research data that could be the base for the future crypto law. According to SEBI, discharging such data could influence its key leadership process. Considering it was imperative for local blockchain industry to comprehend the source of their research, the choice to withhold data from them went poorly.

SEBI had also conducted an internal meeting on the topic ‘Bitcoin and Blockchain’ on October 30, 2017. Even after a year since the meeting, SEBI and RBI still have not concluded the status of Indian cryptocurrency, as published in CCN.

RBI issued a crypto ban on 6^th July in India. The law stated that all the regulated banks and financial institutions in the country would not be allowed to deal with cryptocurrency exchanges, blockchain companies, and cryptocurrency users, as reported by Bitcoin Exchange Guide. Advocates argue that India’s central bank is stifling innovation, while supporters said that banks are limiting liability in an uncertain field.

As indicated by Varun Sethi, a legal advisor at Blockchain lawyer, there were numerous controller dodged questions that could have elucidated the present status of Indian cryptocurrency. SEBI didn’t give clear responses to a larger part of their inquiries, referring to privacy.

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Unocoin: Giant Exchange Enterprise to Launch Crypto ATM’s in Market

ATM service is entering the crypto exchange market. Unocoin, one of the largest cryptocurrency exchanges in India has confirmed the launch of crypto ATMs. An image of one of the exchange’s machines has been viral on social media since October 9, 2018.

The image shows a machine which has words written such as “instant deposit & withdrawals for your Unocoin account” along with “exclusive for Unocoin customers” and “credit & debit cards are not accepted.” The machine supports at least five cryptocurrencies namely, BTC, XRP, ETH, BCH and LTC as there are logos of these currencies besides the machine.

Unocoin’s CEO Sathvik Vishwanath said, “It is true that we are launching our ATM machines but we have not made the news public yet. We may need about a week more before we get this operational. Someone has spotted a machine and [they] are spreading the pic and speculation around.”

According to Vishwanath, India’s greatest crypto populace isn’t prepared for the crypto-to-crypto exchanging. He explained that majority of users are simply purchasing bitcoins as an investment rather than endeavoring short-term trading.

Unocoin’s Footprints In Crypto Exchange Market

As reported by Bitcoin News, Reserve Bank of India (RBI) issued a circular in April banning financial institutions from providing services to crypto businesses. Since then Unocoin has been promoting its crypto-to-crypto trading platform called Unodax which was launched in May 2018. However, Unocoin subsequently disabled its deposit and withdrawal services for the Indian rupee after the ban went into effect in July. Unodax is currently backings four base coins and more than 60 crypto-to-crypto exchanging platforms.

India’s leading crypto exchange platform, Unocoin has posted a blog explaining how the Bitcoin ATMs work. In general sense, Bitcoin ATMs, also called Bitcoin Teller Machines (BTMs) aren’t generally ATMs. These are physical centers where you can purchase Bitcoins with fiat cash and with a few machines, sell Bitcoins as well. Bitcoin ATMs benefits those who are not a part of the banking system offering them access to Bitcoins.

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DoraHacks Organises First Blockchain Hackathon In India

The first ever blockchain Hackathon was held in India with more than 200 hacking teams partaking in the two-day event hung on October 6 and 7, 2018. Sponsors and partners of the event include Huobi, MoonX, Block72, Fenbushi Capital, Incrypt, SpringRole, freeCodeCamp, Shine Chain and TrueChain.

DoraHacks, one of the world’s largest hackers associations on the planet, held it’s biggest ever hackathon in Bangalore, India. The 24-hour event focused on the contenders who develop the blockchain-based real-life solution to the current global problems. The judges of the event will vote for each participant and the winner of the Hackathon will be rewarded with 200,000 INR ($2700 USD).

As the first blockchain hackathon in India, the number of participants exceeded the expectations of the team. The event turned out to be a huge success with over 200 partaking teams. There were 500 registrations out of which more than 300 were not given chance to participant in the event.

Team Scintillating of six high school students won the debut DoraHacks Hackathon at Boston. This group of 16-year-old made a blockchain-based clinical management system “Delphus”. It enabled patients to see data handoffs by their medicinal services provider or specialists.

Team EasyContract generating smart contracts using natural language processing gets the runner-up. The winner list followed by Team Acid tied with Team WePay, who designed a system with an autonomous distribution of media content using BYTOM, and the latter bringing cash micro vendors into digital currency ecosystems, as reported by Digital Journal.

The recent blockchain hackathon in India was second on DoraHacks Hackathon’s world trip. DoraHacks Hackathon pursues the most recent conclusions by the group to hold these events in several nations around the globe, as published in Bitcoin Exchange Guide. The following stops for DoraHacks before the year’s end are events in Oxford (October 20-21), Seoul (October 27-28), Berlin (November 3-4), lastly wrapping up with Tokyo (November 10-11).

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India Becomes Target For Crypto Cyber Attacks With Over 30000 Routers Infected

Cyber attacks in India are gaining hype these days. India has recently fallen prey to crypto cyber attacks. Routers utilized in mining Monero on each page going through systems are carelessly distributed by unsuspecting web access providers. This makes the issue more complicated. The attack infected almost 30,000 MikroTik routers using CoinHive.

The crypto-jackers are using the updated version of CoinHive mining protocol as the main malware. The anonymity focused altcoin Monero is mined by this natural piece of code.

As indicated by McAfee Labs, the past three months have witnessed more than two million different versions of crypto jacking malware generally identified with CoinHive.

More than $259,000 worth of Monero is generated consistently using the potential capacity of all machines utilized in running CoinHive scripts. Not every last bit of it is created from crypto-jacking; however, the figures bear witness to the lucrativeness of the exploitative means which hackers are used to. Due to its perceived vulnerabilities, MikroTik routers are known as the most exploited routers out there. Consumers using this brand should refer to the manufacturer for an official patch or contact their official internet service provider.

Banbreach’s Efforts to Trace Cyber Attacks in India

As reported by Blockonomi, Banbreach noticed the low cyber security awareness in the non-metro territories of India. The rate of crypto-jacking infection in India’s 3 best urban areas has staggeringly developed by 500 percent.

“I found (CoinHive) in the router provided by my ISP a couple of days ago”, a security enthusiast from Mumbai tweeted. “Probably all the routers used by them are infected and outdated.”

According to the report by Economic Times, Government websites in India are also facing cyber attacks. Guwahati-based security researchers Shakil Ahmed, Anisha Sarma and Indrajeet Bhuyan first identified the vulnerabilities on the AP government websites. The three websites are subdomains of ap.gov.in which is one of the most popular websites globally with over 1,60,000 visits per month.

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Gladius Will Put An End To Distributed Denial Of Service Attacks Using Blockchain Technology

Gladius professes to have cracked the code of distributed denial of service (DDoS) attacks, which have tormented users for a long time.

In such attacks, hackers assemble numerous computers to send demands at web servers, flooding them and cutting them down. Hackers were able to get their hands on numerous more compromised machines after the rise of the Internet of Things. And thus, they assembled those machines in considerably bigger DDoS attacks.

The Washington, D.C. organization recently finished a private beta. It functions similarly as Uber. People have cars but they don’t use them most of the time. Same way companies have bandwidth but they don’t use it. Only 30 percent usage is seen in most of the datacenters. The Gladius DDoS software platforms total unused bandwidths from companies and people. Then these bandwidths instantly become available to the participating companies to fight against inbound DDoS attacks.

Lining up with its beta launch, Gladius is partnering with cloud provider Digital Ocean to test the solution’s capacity to scale in response to large-scale DDoS attacks. A solitary company could withstand a considerably heavier than ordinary attack, as the majority of companies are not overpowered.

Distributed Denial of Service Attacks in Q2 2018

DDoS attacks every year sums up to 84 percent. As indicated by a Ponemon Institute study, the normal downtime due to a DDoS assault is 54 minutes with a normal expense of $22,000 every second. Thus this type of attack costs on an average $1.2 million per attack, as published in VentureBeat.

Verisign’s blog indicates that there is a 35 percent increase in distributed denial of service attacks in the second quarter of 2018. And what is more worrisome is the fact that 62 percent of the victims were targeted multiple times. The figure of Q2 2017 was alarming 74 percent. The figure for this year indicates that 56% of all DDoS attacks were User Datagram Protocol (UDP) floods.

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Seoul Government Invests $100 Million In Blockchain Technology

Mayor Park Won-soon plans to invest $100 billion in blockchain technology to make Seoul a Blockchain Hub. He announces a five-year plan to promote blockchain-based enterprises that incorporates the making of business buildings and startup reserves. According to the plan, the technology will be added to 14 services in the city, such as voting, labor welfare certification issuance, etc.

He is on an 11-day trip to Spain, Switzerland and Estonia until Sunday. The mayor visited the Swiss town of Zug, also known as “crypto valley”. The town hosts about 250 blockchain-based venture firms. The city has piloted blockchain voting this summer.

“There’s no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry. I will make efforts to help Seoul become the center of a blockchain industry ecosystem,” says Park.

Around 60.3 billion won will be invested in blockchain technology by the city government by 2021 on building two business complexes in Gaepo Digital Innovation Park and the Seoul Innovation Hub. These funds will house 200 blockchain-related organizations. The two training hubs will develop 730 experts in the field throughout the following five years.

The city additionally plans to make a 100 billion-won public-private fund to invest in new blockchain companies by 2022. The city will infuse 13.6 billion won into the planned fund.

Another fund for small and medium-sized businesses has also been created. They can receive up to 1 billion won ($890,000) in funding, as reported by Toshi Times. According to the Seoul government, around 600 blockchain experts are currently present in the city. The officials want to double the number by 2022 for which they have set up training programs.

The mayor is hopeful that investment in blockchain technology could bring a revolution in various sectors. The technology which is connected to a great extent with cryptocurrency utilizes a digital public ledger, as published in Yonhap News. This system can monitor its transactions without a central server by continuously adding and distributing the records among shared parties. Thus it is expected to reform an extensive variety of enterprises from finance to logistics.

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Binance Team Shows Up At Malta’s Blockchain Delta Summit, TRON Pledge Fundings To BCF

Malta’s first official blockchain conference DELTA Summit was held from October 3-5. The summit highlighted the government’s efforts to set up Malta as a spearheading and blockchain grasping nation. The aim was to create and promote a global cryptocurrency discussion. Malta is known to be the global hub for blockchain organizations and associations. In excess of 3,500 blockchain industry specialists, thought pioneers and government authorities attended the debut DELTA Summit 2018 in Malta.

Changpeng Zhao, CEO of Binance, talked on the effect of blockchain technology on driving economic development. Zhao featured Malta as a country where the pioneers and the legislature understand blockchain technology. He urged more companies to learn about and set up their companies in Malta.

Helen Hai, Head of Binance-initiated Blockchain Charity Foundation (BCF), likewise showed the positive impact of blockchain technology and lead a panel discussion on embracing blockchain technology.

“When you talk about blockchain for social good, it’s not only a technical issue; it’s actually about how to work with the traditional world. For that, leadership is very important,” said Hai. “At this stage, we need industry shapers to drive the technology to the right applications.”

To support the use of Blockchain technology to overcome the issues like poverty, President of Malta Marie-Louise Coleiro Preca also co-hosted a conference at San Anton Palace held on October 5, along with Binance, BCF and the President’s Trust.

TRON pledged a huge amount in subsidizing to BCF toward accomplishing the objective of overcoming poverty. To continue the conversation sparked at summit, Binance and BCF are set to assemble Blockchain for Sustainable Development Forum. It will be held on 24th of October in Geneva, which will unite thought pioneers, philanthropists and heads of state, as published in Nasdaq.

As reported by Cryptovest, blockchain and digital innovation blockchain conference Delta Summit 2018 was held at luxury hotel InterContinental Malta. Blockchain and digital innovation conference Delta Summit 2018 starts at luxury hotel InterContinental Malta. All the tickets were sold out in advance. Over 75 high-profile industry leaders and officials came to Malta to present their views and share expertise.

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Morpheus.Network Joins SAP PartnerEdge Program To Upgrade Blockchain-based Global Supply Chain

Morpheus.Network, a blockchain-based global supply chain platform, has partnered with SAP PartnerEdge with an aim to upgrade supply chain. An agreement to join SAP’s program was made with an offer to give access to assets and services.

Morpheus.Network is a blockchain-based digital, mechanized supply chain platform established in 2017. It aims to offer frictionless cash payments and transparency. Roger Crook, previously filling in as a CEO for DHL Global Forwarding and Charlie Shrem, a blockchain pioneer are appointed as the platform’s Team Leaders for Global Logistics.

“We’re excited to be at the forefront of bringing Morpheus.Network together with SAP’s Future Factory and Future Retail. The partnership will create a full multichannel experience that brings cost savings and simplified logistics to SAP customers,” CEO of Morpheys.Network Dan Weinberger said.

The supply chain industry using blockchain technology will be benefited by the association between two organizations. They will help to solve mission-critical issues faced by the industry. From automated purchase orders to the inventory management all will be guaranteed using appropriate streamlining of procedures and settlement.

Morpheus.Network wants to publish their platform in SAP’s App Center. They will later show their ability at the following SAPPHIRE NOW conference.

According to a report by Bitcoin Exchange Guide, around $15 trillion worth of merchandise each year is being shipped globally. Inefficiencies in the supply chain are the leading challenge. As per the World Bank, the worldwide GDP could be increased by almost 5% if there are any strategies to reduce the barriers in the supply chain.

CNBC reported earlier that Tradeshift CEO believes blockchain technology is not yet cultivated enough to support global supply chain. According to him blockchain technology is not a high-performance technology and is also expensive. The intangible benefits of technology are more theoretical than practical. The capacity of blockchain technology is to do seven transactions every second, while global supply chain has over thousands of transaction per second.

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